Últimas noticias sobre SKF (OTC:SKFRY) Bolsa

SKF AB ADR

SKF's history goes back to the first major patents in ball bearings, when in 1907 it was the first to patent the self-aligning ball bearing. SKF, along with the Schaeffler Group, are the top two global ball bearing suppliers followed by Timken, NSK, NTN, and JTEKT. Combined, these six companies supply about 60% of the world's ball bearings. However, most of them have sector niches as ball bearings for industrial purposes are engineered for specific applications. SKF is based out of Sweden and has a global manufacturing footprint of 106 sites and about 17,000 global distributor locations. The firm operates under two segments: industrials, which has a fairly fragmented customer base; and automotive, which is the opposite, with a concentrated customer base including the likes of Tesla.

SKF AB

Outlook and guidance
Outlook&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Q2 2025: We expect continued volatility and, even if we have seen signs of markets bottoming out, we plan for another quarter with negative volumes and expect organic sales to weaken somewhat in Q2, year-over-year.</li>
</ul>
Guidance Q2 2025&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Currency impact on the operating profit is expected to be around MSEK 400 negative compared to the second quarter 2024, based on exchange rates per 31 March 2025.</li>
</ul>
Guidance FY 2025&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;
<ul>
<li>Tax level excluding effects related to divested businesses: around 26%.</li>
<li>Additions to property, plant and equipment: around BSEK 4.5 excluding separation of the Automotive business.</li>
</ul>

Earnings

News

Guidance

SKFRY

SKF Sees Continued Volatility In Q2, Expects Weaker Sales, Negative Volumes And SEK 400M Currency Headwind

SKF (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SKFRY#OTC">SKFRY</a>) reported quarterly earnings of $0.44 per share. This is a 4.13 percent decrease over earnings of $0.46 per share from the same period last year. The company reported $2.24 billion in sales this quarter. This is a 5.64 percent decrease over sales of $2.38 billion the same period last year.

SKF Q1 Adj. EPS $0.44 Down From $0.46 YoY, Sales $2.24B Down From $2.38B YoY

SKF (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SKFRY#OTC">SKFRY</a>) reported quarterly earnings of $0.39 per share which beat the analyst consensus estimate of $0.33 by 17.88 percent. This is a 14.41 percent increase over earnings of $0.34 per share from the same period last year. The company reported quarterly sales of $2.29 billion which missed the analyst consensus estimate of $2.38 billion by 3.57 percent. This is the same as the same period last year.

SKULF

SKF Q4 Adj. EPS $0.39 Beats $0.33 Estimate, Sales $2.29B Miss $2.38B Estimate

Outlook and Guidance
Outlook
<ul>
<li>Q4 2024: We expect a mid-single-digit organic sales decline, year-over-year.</li>
<li>FY 2024: We expect a mid-single-digit organic sales decline, year-over-year.</li>
</ul>
Guidance Q4 2024
<ul>
<li>Currency impact on the operating profit is expected to be around SEK 250 million negative compared with the fourth quarter 2023, based on exchange rates per 30 September 2024.</li>
</ul>
Guidance FY 2024
<ul>
<li>Tax level excluding effects related to divested businesses: around 26%.</li>
<li>Additions to property, plant and equipment: around SEK 5 billion.</li>
</ul>

SKF Expects A Mid-Single-Digit Organic Sales Decline YoY, For Both Q4 And Fiscal 2024

SKF (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SKFRY#OTC">SKFRY</a>) reported quarterly adjusted earnings of $0.39 per share which beat the analyst consensus estimate of $0.35 by 11.43 percent. This is a 7.14 percent decrease over earnings of $0.42 per share from the same period last year. The company reported quarterly sales of $2.27 billion which missed the analyst consensus estimate of $2.44 billion by 6.80 percent. This is a 4.61 percent decrease over sales of $2.38 billion the same period last year.

SKF Q3 EPS Adj. $0.39 Beats $0.35 Estimate, Sales $2.27B Miss $2.44B Estimate

SKF (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SKFRY#OTC">SKFRY</a>) is gearing up to announce its quarterly earnings on Wednesday, 2024-10-30. Here's a quick overview of what investors should know before the release.
Analysts are estimating that SKF will report an earnings per share (EPS) of $0.35.
Investors in SKF are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
<h3>Past Earnings Performance</h3>
During the last quarter, the company reported an EPS beat by $0.09, leading to a 4.15% drop in the share price on the subsequent day.
Here's a look at SKF's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.40</td>
<td>0.43</td>
<td>0.40</td>
<td>0.35</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.49</td>
<td>0.46</td>
<td>0.34</td>
<td>0.42</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-4.0%</td>
<td>2.0%</td>
<td>2.0%</td>
<td>-0.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730214122_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of SKF were trading at $19.14 as of October 28. Over the last 52-week period, shares are up 18.99%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/SKFRY/earnings">To track all earnings releases for SKF visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Uncovering Potential: SKF's Earnings Preview

AB SKF (OTC: <a class="ticker" href="https://www.benzinga.com/stock/skfry#OTC">SKFRY</a>)&nbsp;could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.
The Zacks rating relies solely on a company&#39;s changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.
The power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street analysts. These are mostly driven by subjective factors that are hard to see and measure in real time.
As such, the Zacks rating upgrade for AB SKF is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price.
Most Powerful Force Impacting Stock Prices
The change in a company&#39;s future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. That&#39;s partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company&#39;s shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.
For AB SKF, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company&#39;s underlying business. And investors&#39; appreciation of this improving business trend should push the stock higher.
Harnessing the Power of Earnings Estimate Revisions
As empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988.
Earnings Estimate Revisions for AB SKF
This company is expected to earn $1.52 per share for the fiscal year ending December 2024, which represents a year-over-year change of -11.1%.
Analysts have been steadily raising their estimates for AB SKF. Over the past three months, the Zacks Consensus Estimate for the company has increased 2.9%.
Bottom Line
Unlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of &#39;buy&#39; and &#39;sell&#39; ratings for its entire universe of more than 4000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a &#39;Strong Buy&#39; rating and the next 15% get a &#39;Buy&#39; rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
The upgrade of AB SKF to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
<a href="https://www.zacks.com/stock/news/2293856/what-makes-ab-skf-skfry-a-new-buy-stock?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_12_zacks_rank_upgrade-2293856">To read this article on Zacks.com click here.</a>

Upgrades

Markets

Analyst Ratings

Trading Ideas

What Makes AB SKF a New Buy Stock

SKF (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SKFRY#OTC">SKFRY</a>) is set to give its latest quarterly earnings report on Wednesday, 2024-01-31. Here's what investors need to know before the announcement.
Analysts estimate that SKF will report an earnings per share (EPS) of $0.40. 
SKF bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.07, which was followed by a 0.0% drop in the share price the next day.
Here's a look at SKF's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.35</td>
<td>0.40</td>
<td>0.42</td>
<td>0.36</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.42</td>
<td>0.51</td>
<td>0.46</td>
<td>0.28</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-0.19%</td>
<td>2.25%</td>
<td>-0.66%</td>
<td>-1.03%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1706630470_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of SKF were trading at $19.06 as of January 29. Over the last 52-week period, shares are up 2.1%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/SKFRY/earnings">To track all earnings releases for SKF visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

SKF's Earnings Outlook

SKF (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SKFRY#OTC">SKFRY</a>) is set to give its latest quarterly earnings report on Thursday, 2023-04-27. Here's what investors need to know before the announcement.
Analysts estimate that SKF will report an earnings per share (EPS) of $0.42. 
SKF bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company missed EPS by $0.08, which was followed by a 1.03% drop in the share price the next day.
Here's a look at SKF's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q4 2022</th>
<th>Q3 2022</th>
<th>Q2 2022</th>
<th>Q1 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.36</td>
<td>0.35</td>
<td>0.37</td>
<td>0.33</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.28</td>
<td>0.27</td>
<td>0.30</td>
<td>0.49</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-1.03%</td>
<td>0.69%</td>
<td>1.81%</td>
<td>2.08%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2023/1682521269_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of SKF were trading at $18.69 as of April 25. Over the last 52-week period, shares are up 10.74%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/SKFRY/earnings">To track all earnings releases for SKF visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Outlook For SKF

SKF (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SKFRY#OTC">SKFRY</a>) is set to give its latest quarterly earnings report on Thursday, 2023-02-02. Here's what investors need to know before the announcement.
Analysts estimate that SKF will report an earnings per share (EPS) of $0.32. 
SKF bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company missed EPS by $0.08, which was followed by a 0.69% increase in the share price the next day.
Here's a look at SKF's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2022</th>
<th>Q2 2022</th>
<th>Q1 2022</th>
<th>Q4 2021</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.35</td>
<td>0.37</td>
<td>0.33</td>
<td>0.26</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.27</td>
<td>0.30</td>
<td>0.49</td>
<td>0.34</td>
</tr>
<tr>
<td>Price Change %</td>
<td>0.69%</td>
<td>1.81%</td>
<td>2.08%</td>
<td>0.34%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2023/1675281684_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of SKF were trading at $17.6 as of January 31. Over the last 52-week period, shares are down 13.81%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<a href="https://www.benzinga.com/quote/SKFRY/earnings">To track all earnings releases for SKF visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

SKF Earnings Preview

SKF (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SKFRY#OTC">SKFRY</a>) reported its Q3 earnings results on Tuesday, October 25, 2022 at 02:00 AM.
Here&#39;s what investors need to know about the announcement.
<h3>Earnings</h3>
SKF missed estimated earnings by 22.86%, reporting an EPS of $0.27 versus an estimate of $0.35.
Revenue was up $40.00 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company missed on EPS by $0.07 which was followed by a 1.81% increase in the share price the next day.
&nbsp;
To track all earnings releases for SKF <a href="https://www.benzinga.com/quote/SKFRY/earnings">visit their earnings calendar here.</a>
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

SKF: Q3 Earnings Insights

SKF (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SKFRY#OTC">SKFRY</a>) is set to give its latest quarterly earnings report on Tuesday, 2022-10-25. Here's what investors need to know before the announcement.
Analysts estimate that SKF will report an earnings per share (EPS) of $0.35. 
SKF bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company missed EPS by $0.07, which was followed by a 1.81% increase in the share price the next day.
Here's a look at SKF's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2022</th>
<th>Q1 2022</th>
<th>Q4 2021</th>
<th>Q3 2021</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.37</td>
<td>0.33</td>
<td>0.26</td>
<td></td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.30</td>
<td>0.49</td>
<td>0.34</td>
<td>0.47</td>
</tr>
<tr>
<td>Price Change %</td>
<td>1.81%</td>
<td>2.08%</td>
<td>0.34%</td>
<td>-0.04%</td>
</tr>
</tbody>
</table>

<h3>Stock Performance</h3>
Shares of SKF were trading at $15.11 as of October 21. Over the last 52-week period, shares are down 35.4%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<a href="https://www.benzinga.com/quote/SKFRY/earnings">To track all earnings releases for SKF visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Preview Of SKF's Earnings

&nbsp;
SKF (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SKFRY#OTC">SKFRY</a>) reported its Q2 earnings results on Wednesday, July 20, 2022 at 06:00 AM.
Here&#39;s what investors need to know about the announcement.
<h3>Earnings</h3>
SKF missed estimated earnings by 18.92%, reporting an EPS of $0.3 versus an estimate of $0.37.
Revenue was down $55.00 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $0.16 which was followed by a 2.08% increase in the share price the next day.
&nbsp;
To track all earnings releases for SKF <a href="https://www.benzinga.com/quote/SKFRY/earnings">visit their earnings calendar here.</a>
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

Recap: SKF Q2 Earnings

SKF (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SKFRY#OTC">SKFRY</a>) is set to give its latest quarterly earnings report on Wednesday, 2022-07-20. Here's what investors need to know before the announcement.
Analysts estimate that SKF will report an earnings per share (EPS) of $0.37. 
SKF bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.16, which was followed by a 2.08% increase in the share price the next day.
Here's a look at SKF's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q1 2022</th>
<th>Q4 2021</th>
<th>Q3 2021</th>
<th>Q2 2021</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.33</td>
<td>0.26</td>
<td></td>
<td></td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.49</td>
<td>0.34</td>
<td>0.47</td>
<td>0.61</td>
</tr>
<tr>
<td>Price Change %</td>
<td>2.08%</td>
<td>0.34%</td>
<td>-0.04%</td>
<td>4.11%</td>
</tr>
</tbody>
</table>

<h3>Stock Performance</h3>
Shares of SKF were trading at $15.82 as of July 18. Over the last 52-week period, shares are down 36.26%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<a href="https://www.benzinga.com/quote/SKFRY/earnings">To track all earnings releases for SKF visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

&nbsp;
SKF (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SKFRY#OTC">SKFRY</a>) reported its Q1 earnings results on Tuesday, April 26, 2022 at 06:00 AM.
Here&#39;s what investors need to know about the announcement.
<h3>Earnings</h3>
SKF beat estimated earnings by 48.48%, reporting an EPS of $0.49 versus an estimate of $0.33.
Revenue was up $88.00 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $0.08 which was followed by a 0.34% increase in the share price the next day.
&nbsp;
To track all earnings releases for SKF <a href="https://www.benzinga.com/quote/SKFRY/earnings">visit their earnings calendar here.</a>
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

Recap: SKF Q1 Earnings

SKF (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SKFRY#OTC">SKFRY</a>) is set to give its latest quarterly earnings report on Tuesday, 2022-04-26. Here's what investors need to know before the announcement.
Analysts estimate that SKF will report an earnings per share (EPS) of $0.33. 
SKF bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.08, which was followed by a 0.34% increase in the share price the next day.
Here's a look at SKF's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q4 2021</th>
<th>Q3 2021</th>
<th>Q2 2021</th>
<th>Q1 2021</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.26</td>
<td></td>
<td></td>
<td>0.37</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.34</td>
<td>0.47</td>
<td>0.61</td>
<td>0.49</td>
</tr>
<tr>
<td>Price Change %</td>
<td>0.34%</td>
<td>-0.04%</td>
<td>4.11%</td>
<td>1.47%</td>
</tr>
</tbody>
</table>

<h3>Stock Performance</h3>
Shares of SKF were trading at $16.67 as of April 22. Over the last 52-week period, shares are down 39.23%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<a href="https://www.benzinga.com/quote/SKFRY/earnings">To track all earnings releases for SKF visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

SKF's Earnings: A Preview

<ul>
<li>SKF AB&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/skfry#OTC">SKFRY</a>)&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/21/10/n23550677/skf-nine-month-report-2021-industrial-maintains-its-strong-momentum-automotive-hit-by-customer-sup" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">reported third-quarter FY21 net sales</a>&nbsp;growth of 8.3% year-over-year to SEK 20.15 billion with an organic increase of 8%.</li>
<li>Adjusted EPS was SEK 4.04 versus SEK 3.80 in 3Q20.</li>
<li>The industrial segment reported revenues of SEK 14.75 billion (+13.6% Y/Y) and an adjusted profit margin of 16.7%, up by 90 bps.</li>
<li>The automotive segment reported sales of SEK 5.4 billion (-3.9% Y/Y) and an adjusted operating margin of 3.9%, down by 380 bps.</li>
<li>The gross margin expanded by 160 bps to 27.6% for Q3. Q3 adjusted operating profit was SEK 2.67 billion compared to SEK 2.46 billion a year ago. The adjusted operating profit was positively impacted by sales and manufacturing volumes, sales prices, and customer mix.</li>
<li>The quarter&#39;s cash flow generation was SEK 1.47 billion, compared to SEK 2.23 billion, mainly driven by increased inventories due to logistics bottlenecks, customer shutdowns, and higher investments.&nbsp;</li>
<li>The company had cash and cash equivalents of SEK 13.04 billion as of 30 September 2021 and net debt of SEK 18.54 billion. The net debt/EBITDA ratio was 1.7.</li>
<li>Outlook: SKF expects organic sales for the fourth quarter to be relatively unchanged compared to the fourth quarter of 2020.</li>
<li>It anticipates continued challenging conditions from cost inflation and constrained logistics in Q4.</li>
<li>Price Action:&nbsp;SKFRY shares closed lower by 0.98% at $25.35 on Monday.</li>
</ul>

SKUFF

SKF Clocks 8% Sales Growth In Q3, Warns On Cost Inflation, Constrained Logistics

<ul>
<li>AB SKF&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/skfry#OTC">SKFRY</a>) has&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/21/08/n22733980/skf-strengthens-analytics-capability-through-acquisition" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">completed the acquisition</a>&nbsp;of&nbsp;Rubico Consulting AB, an industrial consultancy firm specialized in visualization and analysis of signal data, with ten employees based in Lule&aring;, Sweden. Deal terms were not disclosed.</li>
<li>Rubico Consulting&#39;s signal processing will be integrated into SKF&#39;s offer around the rotating shaft and powering new technology areas such as bearings with fiber-optic sensors.</li>
<li>SKF held&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/news/earnings/21/07/22056911/ab-skf-reports-strong-q2-results-with-25-revenue-growth" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">cash and cash equivalents of SEK 11.76 billion&nbsp;</a>as of 30 June 2021.</li>
<li>&quot;The patented edge algorithm developed by Rubico simplifies and automates analysis of machine data and is an enabler for wireless, energy-efficient systems,&quot; commented Victoria Van Camp, President, SKF Technology.</li>
<li>Price Action:&nbsp;SKFRY shares closed higher by 1.22% at $25.75 on Monday.</li>
</ul>

SKF Strengthens Analytics Capability With Acquisition Of Rubico Consulting

<ul>
<li>AB SKF ADR&nbsp;(OTCMKTS: SKFRY)&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/21/07/n22054110/skf-half-year-report-2021-record-operating-profit" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">reported second-quarter</a>&nbsp;net sales growth of ~25% year-over-year to SEK 20.75 billion with organic growth of 33.2% year-over-year.</li>
<li>Adjusted earnings per share were SEK 5.11 for the quarter, compared to SEK 2.72 reported in Q2 2020.</li>
<li>The industrial segment reported revenues of SEK 14.89 billion (+13.8% Y/Y) and an adjusted profit margin of 18%, up by 400 bps.</li>
<li>The automotive segment reported sales of SEK 5.8 billion (+66.1% Y/Y) and an adjusted operating margin of 7.6%.</li>
<li>The gross margin expanded by 800 bps to 30.4% for Q2.</li>
<li>Q2 adjusted operating profit increased to SEK 3.12 billion from SEK1.56 billion a year ago, reflecting positive impact by sales and manufacturing volumes, sales prices, customer mix, and cost reductions.</li>
<li>Adjusted operating margin for the quarter expanded by 560 bps to 15%.</li>
<li>Net cash generated from operations year-to-date was SEK 1.5 billion, compared to SEK 2.41 billion a year ago.</li>
<li>The company had cash and cash equivalents of SEK 11.76 billion as of 30 June 2021 and net debt of SEK 19.81 billion. The net debt/EBITDA ratio was 1.5.</li>
<li>Guidance 3Q21:&nbsp;The company expects demand to continue to grow, resulting in organic growth of about 10% compared to Q3 2020. Currency impact on the operating profit is likely to be around SEK 150 million compared with Q3 2020, based on exchange rates per 30 June 2021.</li>
<li>Guidance FY21:&nbsp;Additions to property, plant, and equipment of ~SEK 3,800 million (prior SEK 3,600 million).</li>
<li>Price action:&nbsp;SKFRY shares closed lower by 0.97% at $24.56 on Monday.</li>
</ul>

AB SKF Reports Strong Q2 Results With 25% Revenue Growth

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