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Looking back on gas and liquid handling stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including Donaldson (NYSE:DCI) and its peers.
Gas and liquid handling companies possess the technical know-how and specialized equipment to handle valuable (and sometimes dangerous) substances. Lately, water conservation and carbon capture–which requires hydrogen and other gasses as well as specialized infrastructure–have been trending up, creating new demand for products such as filters, pumps, and valves. On the other hand, gas and liquid handling companies are at the whim of economic cycles. Consumer spending and interest rates, for example, can greatly impact the industrial production that drives demand for these companies’ offerings.
The 12 gas and liquid handling stocks we track reported a satisfactory Q3. As a group, revenues were in line with analysts’ consensus estimates while next quarter’s revenue guidance was 0.6% below.
In light of this news, share prices of the companies have held steady as they are up 3% on average since the latest earnings results.
Playing a vital role in the historic Apollo 11 mission, Donaldson (NYSE:DCI) manufacturers and sells filtration equipment for various industries.
Donaldson reported revenues of $935.4 million, up 3.9% year on year. This print exceeded analysts’ expectations by 1.3%. Overall, it was a satisfactory quarter for the company with a narrow beat of analysts’ revenue estimates but adjusted operating income in line with analysts’ estimates.
Interestingly, the stock is up 1.2% since reporting and currently trades at $88.64.
Is now the time to buy Donaldson? Access our full analysis of the earnings results here, it’s free for active Edge members.
With roots dating back to 1912 as the Piston Ring Company, SPX Technologies (NYSE:SPXC) supplies specialized infrastructure equipment for HVAC systems and detection and measurement applications across industrial, commercial, and utility markets.
SPX Technologies reported revenues of $592.8 million, up 22.6% year on year, outperforming analysts’ expectations by 2.2%. The business had an exceptional quarter with an impressive beat of analysts’ EBITDA estimates and a solid beat of analysts’ adjusted operating income estimates.
However, the results were likely priced into the stock as it’s traded sideways since reporting. Shares currently sit at $200.30.
Is now the time to buy SPX Technologies? Access our full analysis of the earnings results here, it’s free for active Edge members.
Founded in 1926, Graco (NYSE:GGG) is an industrial company specializing in the development and manufacturing of fluid-handling systems and products.
Graco reported revenues of $543.4 million, up 4.7% year on year, falling short of analysts’ expectations by 3%. It was a softer quarter as it posted a significant miss of analysts’ revenue estimates and a miss of analysts’ EBITDA estimates.
The stock is flat since the results and currently trades at $81.97.
Read our full analysis of Graco’s results here.
Founded on the principle of treating others as one wants to be treated, Helios (NYSE:HLIO) designs, manufactures, and sells motion and electronic control components for various sectors.
Helios reported revenues of $220.3 million, up 13.3% year on year. This print topped analysts’ expectations by 3.7%. Overall, it was a very strong quarter as it also recorded an impressive beat of analysts’ organic revenue estimates and an impressive beat of analysts’ adjusted operating income estimates.
Helios pulled off the biggest analyst estimates beat and highest full-year guidance raise among its peers. The stock is down 9.2% since reporting and currently trades at $53.55.
Read our full, actionable report on Helios here, it’s free for active Edge members.
Started with the invention of the steam drill, Ingersoll Rand (NYSE:IR) provides mission-critical air, gas, liquid, and solid flow creation solutions.
Ingersoll Rand reported revenues of $1.96 billion, up 5.1% year on year. This result was in line with analysts’ expectations. Aside from that, it was a mixed quarter as it also logged an impressive beat of analysts’ adjusted operating income estimates but full-year EBITDA guidance missing analysts’ expectations.
The stock is flat since reporting and currently trades at $79.22.
Read our full, actionable report on Ingersoll Rand here, it’s free for active Edge members.
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