Cicor Group’s Post

It will be interesting to see whether the first-quarter results from Herc Holdings (due around the 17th of April) include an update on the Cinelease sale. At the November Investor Day last year, the management announced CAGR targets for the next three years, through 2026, of between 10% and 14% organic rental #revenue growth and adjusted EBITDA of 11% to 16%. Last month, I changed my recommendation on the 5.5% senior notes due 2027 to outperform based on the proposed Cinelease sale and the expectation that rental demand would remain strong across data centres, energy, semiconductors, transportation, healthcare, and education end #markets. Reduced equipment spending before acquisitions and share repurchases should turn free cash flow positive, and a relatively strong #USeconomy should help demand.

Technology Hardware | Ebara - Warren Lau Capital allocation – pro growth strategy Ebara’s capital allocation has been mainly spent on capex and M&A, where in the past they focused on acquisitions that expanded its geographic network within its BSI segment like Hayward Gordon (c. ¥14.9bn in October 2022) in North America and Vansan in Turkey (¥10.7bn December 2020). Ebara’s capex, on the other hand, is spent on the Precision Machinery segment, where capex spending has been doubling each year since FY22. This is an indicator and confirmation that Ebara foresees significant demand in its CMP business. Read full story here: https://buff.ly/3zckUXr For more information on our #BestGlobalTechHardwareTeam product, and other Aletheia Capital research, please contact info@aletheia-capital.com #investments #advisory #ideas #fintech #InYourCorner

Lindab’s Q3 result: Sales growth in a continued weak market Lindab’s sales increased by 3 percent and the Group reported the highest sales ever for a third quarter. Business Area Ventilation Systems, which accounts for approximately 75 percent of sales, continued to grow as a result of completed acquisitions. Business Area Profile Systems’ sales decreased slightly. The adjusted operating margin was 9.1 percent. To strengthen profitability, costs will be adjusted to lower demand in the coming quarters. Listen to Ola Ringdahl summarising the quarter in this short video. The full report is available at https://loom.ly/GSPE5yc #lindab #forabetterclimate

🔋 South Korean Battery Equipment Business #CIS Merges with #SNU Precision 📊 South Korean battery equipment company #CIS is merging with affiliate SNU Precision to enhance its technological capabilities and expand business ventures. #SFA, the largest shareholder for both firms, is looking to streamline operations through this consolidation. The merger, scheduled for December 1, 2024, will combine CIS's strength in battery electrode equipment with SNU Precision's expertise in detection and measurement technologies, particularly in displays and semiconductors. 💼 Key highlights: CIS specializes in equipment for battery electrode processes and has unfulfilled orders worth KRW750 billion (approx. US$560 million). SNU Precision focuses on display detection and semiconductor technology, with an eye on expanding into secondary cells and hydrogen fuel. The merger will leverage the technical expertise and facilities of both firms for long-term growth and market competitiveness. This move is expected to create synergistic benefits by integrating domestic and international business networks and improving operational efficiency across the SFA group. #BatteryTechnology #BusinessMerger #SFA #CIS #SNUPrecision #Innovation #Semiconductors #Sustainability #TechExpansion https://lnkd.in/dz3AVETi

Siemens sells Innomotics to KPS Capital Partners: The sales price is 3.5 billion euros and the transaction is expected to be completed in the first half of the 2025 financial year

https://lnkd.in/g2GrmnD6 Kioxia, Western Digital Reinitiate Merger Plans, SK hynix Firm on Opposition. Western Digital (USA) and Japan’s Kioxia may be back in merger talks, but shareholder SK Hynix remains firmly opposed to the move, quoting SK Hynix: “Our position against the merger between Kioxia and Western Digital remains unchanged. However, we are open to discussing potential areas where we can cooperate while protecting our investment assets.” #westerndigital #kioxia #Semiconductorindustry #electronics #semiconductor #supplychain #engineering #manufacturing #technology #computerchips #business #innovation #semiconductors #chips #chipmaker #foundry credit: businesskorea

You can't hide your White Lion Eyes - COMPLETE SOLARIA, INC. NewGenIvf Group enters binding term sheet with White Lion Capital TipRanks  Nov. 18, 2024, 06:41 AM NewGenIvf Group (NIVF) has entered into a binding term sheet with White Lion Capital, setting out the principal terms and conditions for a $100 million equity line of credit, expandable to $500 million. Pursuant to the Term Sheet, NewGen will have the option, but not the obligation, to sell to White Lion up to $100.0 million in shares of common stock over an initial 36-month period, with the potential to increase to $300.0 million upon substantial M&A or merger activity, and further to $500.0 million after $250.0 million has been drawn. The transactions contemplated by the Term Sheet are subject to entry into definitive agreements, and are subject to certain conditions, including a registration statement being filed immediately upon execution of the definitive agreements https://lnkd.in/gAXVZPeJ

ITT Inc. today announced its Q2 2024 results, the signing of a definitive agreement to acquire specialty interconnect solutions manufacturer kSARIA and the divestiture of its Wolverine business. During a quarter in which we drove strong growth and margin expansion through differentiation, our teams delivered: ● 6% organic revenue growth with all three segments contributing ● 100 basis points adjusted operating margin expansion to 18% driven by higher sales volumes and productivity ● 12% adjusted EPS growth to new record quarterly EPS ● Free cash flow of $135 million, an increase of $104 million on a sequential basis Commenting on the quarter, ITT Inc. CEO and President Luca Savi said: “Once again, ITT delivered a strong performance in the second quarter, growing EPS both year-over-year and sequentially, driven by 9% sales growth with each segment contributing. Our focus on profitable growth generated 60 basis points of margin expansion whilst free cash flow improved sequentially by more than $100 million. Our recent acquisition Svanehøj grew orders by nearly 40% this quarter and won two significant awards, including pumps on the first ammonia-fueled bulk carriers and on a large European carbon capture project. Friction also continued to outperform in all regions and, in China, we grew revenue double-digits for the fifth consecutive quarter.” To access ITT’s Q2 2024 results, details on kSARIA and the Wolverine divestiture, full year guidance and non-GAAP reconciliations, click here: https://lnkd.in/e6FZEcx5 #Q2 #Earnings #ITTInc #Q2Results #InvestorRelations #IR #FinancialResults

Looking at the acquisition multiples for machinery manufacturers this morning. The MVIC/EBITDA increases significantly for companies of >$5MM in gross revenue, likely due to private equity options. If your manufacturing business is in the "micro" space of <$5MM in gross revenue, we should talk about how to profitably grow topline and improve asset base before considering a sale.

Here are some highlights from our Q2 results! From stable EBITDA to strategic restructuring efforts, watch to explore the key insights in just a few seconds. #sappi #SappiFinancialResult #SappiQ2Results #Sappi #SappiFinancialResults #SappiQ2Results