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Cargotec Corp (OTC) (CYJBF)
:CYJBF
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Earnings Data
Report Date
Feb 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.67Last Year’s EPS
0.59Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 26, 2018
|% Change Since: -39.77%
|Next Earnings Date:Jul 19, 2018
Earnings Call Sentiment|Positive
Cargotec's first quarter showed strong financial performance, with significant improvements in cash flow, cost savings, and operating margins across business areas. However, challenges remain in the MacGregor offshore segment with ongoing project losses, and there were sales declines in Hiab and Kalmar.Company Guidance
During Cargotec's Q1 2024 earnings call, the company reported a stable and strong performance across its business areas, with a notable operating profit margin improvement. The firm's cash flow was robust, at EUR 174 million, and Kalmar's and Hiab's separation is progressing as planned, with a target date of July 1st, 2024, for Kalmar's listing. Hiab saw a stable demand with a EUR 380 million order intake for the sixth consecutive quarter, although its order book decreased by 31% year-over-year. Kalmar's orders were EUR 402 million, while MacGregor achieved a significant order intake of EUR 267 million, mainly driven by merchant vessels, leading to a strong order book of over EUR 1 billion. Despite MacGregor's ongoing offshore challenges, its operating profit improved significantly from EUR 1 million to EUR 12 million. Cargotec's total Eco portfolio also reported a 1% increase, and the company successfully executed a cost-saving program, achieving EUR 50 million in savings, with Kalmar contributing EUR 30 million and Hiab EUR 20 million. The guidance for the year remains cautious, with a focus on market demand and further developments.Strong Cash Flow
Cargotec reported a strong cash flow of EUR 174 million in the first quarter.
MacGregor's Profitability Improvement
MacGregor saw significant profitability improvement, going from EUR 1 million OP in Q1 '23 to EUR 11 million in this quarter, driven by revenue growth in the merchant vessel segment.
Cost Savings Achieved
Cargotec achieved substantial cost savings, with EUR 50 million targeted and Kalmar hitting the EUR 30 million mark in savings.
Strong First Quarter Performance
Cargotec achieved an all-time high first quarter OP level of 13%.
Hiab's Improved Profitability
Hiab reported a 16.6% operating margin, up 12% year-over-year.
Order Intake Stability
Hiab maintained stable demand for six consecutive quarters, around the EUR 380 million mark.
Kalmar's Eco Portfolio Growth
Kalmar's Eco portfolio sales increased by 10% year-on-year, representing 40% of total sales.
Strong Balance Sheet
Cargotec's gearing stands at 3% and leverage at 0.1x of EBITDA, indicating financial stability.
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CYJBF Earnings History
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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CYJBF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 23, 2024 | $79.96 | $79.96 | 0.00% |
| Aug 08, 2024 | $79.96 | $79.96 | 0.00% |
| Apr 30, 2024 | $38.12 | $44.62 | +17.05% |
| Feb 01, 2024 | $32.56 | $33.37 | +2.49% |
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 Cargotec Corp (OTC) (CYJBF) report earnings?
Cargotec Corp (OTC) (CYJBF) is schdueled to report earning on Feb 12, 2025, TBA Not Confirmed.
What is Cargotec Corp (OTC) (CYJBF) earnings time?
Cargotec Corp (OTC) (CYJBF) earnings time is at Feb 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CYJBF EPS forecast?
CYJBF EPS forecast for the fiscal quarter 2024 (Q4) is 0.67.
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