The earnings call presented a mixed picture with solid performance in Compressor and Vacuum Technique driven by strategic acquisitions and growth in specific markets. However, challenges in the automotive sector, significant currency impacts, and a weaker outlook in certain segments balanced the positives.
Company Guidance
During the Q3 2024 earnings call for Atlas Copco, the management provided detailed guidance on several key metrics. The orders received were reported at SEK 42 billion, reflecting an organic growth of 1%, while revenues were SEK 43.1 billion, showing an organic decline of 1%. The operating margin stood at 21.7%, slightly down from 22.7% the previous year, due to restructuring costs and currency impacts. The company completed 10 acquisitions this quarter, contributing to a structural change impact of 2% on orders received. The profit for the period was SEK 7.1 billion, with basic earnings per share at SEK 1.47. The operating cash flow was solid at SEK 7.5 billion, and the return on capital employed was noted at approximately 28%. The guidance highlighted a mixed market demand, with stable orders in industrial compressors and growth in vacuum technology driven by the semiconductor market, but with weaker demand in the automotive and power segments. The outlook for customer activity levels was expected to weaken somewhat, excluding seasonality, currency, and large orders.
Solid Operating Cash Flow and Return on Capital
The company reported a solid operating cash flow of SEK 7.5 billion and a good return on capital employed at around 28%.
Compressor Technique Performance
Compressor Technique showed a solid contribution with 47% of all orders and a 1% organic growth. The segment had an operating margin of 26.1% with a return on capital employed of 85%.
Vacuum Technique Growth
Vacuum Technique experienced a positive organic growth of 10%, mainly driven by the semiconductor market in Asia and Europe.
Successful Acquisitions
The company completed 10 acquisitions during the quarter, which contributed to a 2% structural impact on orders received.
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Atlas Copco (ATLKY) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ATLKY Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Jan 28, 2025
$17.22
$16.54
-3.95%
Oct 23, 2024
$16.99
$16.84
-0.88%
Jul 18, 2024
$18.36
$17.30
-5.77%
Apr 24, 2024
$16.08
$17.57
+9.27%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Atlas Copco (ATLKY) report earnings?
Atlas Copco (ATLKY) is schdueled to report earning on Jan 28, 2025, TBA Not Confirmed.
What is Atlas Copco (ATLKY) earnings time?
Atlas Copco (ATLKY) earnings time is at Jan 28, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
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