Investors interested in Industrial Services stocks are likely familiar with Siemens AG (SIEGY) and W.W. Grainger (GWW) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out. The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight companies with specific ...

Siemens Aktiengesellschaft (SIEGY) announced that it closed the previously announced sale of Innomotics to KPS Capital Partners. This move marks a step toward optimizing SEIGY's portfolio. Siemens' Strategic Transaction With KPS On May 16, 2024, SIEGY inked a deal with KPS to sell its Innomotics business for €3.5 billion ($3.85 billion). Siemens decided in November 2022 to consolidate its significant drive and electric motor companies under one roof and operate them independently outside of Siemens's core b ...

Brightline hopes to begin operating high-speed trains between Las Vegas and Los Angeles by 2028. Brightline West, Siemens Siemens plans to add a U.S. rail manufacturing facility in central New York to make bullet trains for Brightline West's railway connecting Las Vegas to Los Angeles, calling it the country's first such factory dedicated to producing high-speed trains. The company said today it's investing $60 million in the Horseheads, New York plant which is expected to employ about 300 people when it op ...

Arlington, VA, Sept. 04, 2024 (GLOBE NEWSWIRE) -- In a significant milestone for the community solar industry, Summit Ridge Energy, the nation's leading commercial solar company, and Siemens, have announced an agreement for the company's first order of domestic content inverters. Siemens, a longstanding partner of Summit Ridge, plans to domestically manufacture 1000 inverters, with scheduled deliveries to Summit Ridge projects across Illinois and Virginia starting in Q1 of 2025. This order, totaling approxi ...

Dublin, Aug. 29, 2024 (GLOBE NEWSWIRE) -- The "Airport Notification Systems - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering. The global market for Airport Notification Systems was estimated at US$1.7 Billion in 2023 and is projected to reach US$2.5 Billion by 2030, growing at a CAGR of 5.6% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers and forecasts. What Technologies Power Airport Notification Systems? The backbo ...

Chicago, Aug. 23, 2024 (GLOBE NEWSWIRE) -- At a CAGR of 7.4%, the Parking Management Market is expected to expand from USD 5.6 billion in 2024 to USD 8.1 billion by 2029, according to a new report by MarketsandMarkets™. The increasing population density in urban areas necessitates the provision of adequate parking facilities. This commenced with the growing number of people who shifted their residences from rural to urban areas, thus increasing demand for adequate parking space since the number of vehicles ...

Core Insights - Siemens reported a significant increase in quarterly profits, attributed to the demand for production software and the growth in artificial intelligence [1][2] - The company’s net profit reached 1.98 billion euros ($2.2 billion) for the period from April to June, marking a 50% increase year-over-year, exceeding analyst expectations [2] - Siemens' electrification arm experienced over 20% growth, while the overall revenue for the smart infrastructure division rose by 10% compared to the previous year [3] Financial Performance - Revenue for the quarter was 18.9 billion euros, with a notable performance in the software business, securing several major contracts [2] - Despite strong performance in certain areas, the industrial automation business saw a 16% decline in orders, and the mobility division, which includes train operations, experienced a 70% drop in orders [4] Market Outlook - Siemens maintains a revenue growth forecast of 4% to 8% for the 2024 fiscal year, which ends in September, although it cautioned that results may lean towards the lower end of this range due to challenging economic conditions in China and Europe [4][5] - The company noted that demand in China remains muted, reflecting broader industrial demand challenges [5]

Financial Data and Key Metrics Changes - The company reported a revenue growth of 5% to EUR 18.9 billion overall, with the largest growth contribution from smart infrastructure, which was up by 10% [6][7] - Earnings per share (EPS) pre-PPA came in at EUR 2.66, reflecting strong financial performance across metrics [9] - The backlog stands at a strong EUR 113 billion, indicating potential for further profitable growth [5] Business Line Data and Key Metrics Changes - Smart infrastructure delivered EUR 6 billion in orders, showing double-digit growth, while Siemens Healthineers grew by 4% [5][6] - Digital industries revenue was flat year-over-year, with significant growth in the software business, which increased by 82% due to large license contracts [6][16] - Automation business saw a decline in orders, down by 25% compared to the previous year, affected by lower contributions from fast-turning orders [16] Market Data and Key Metrics Changes - The Americas experienced strong revenue growth of 11%, driven by the United States, while EMEA was down 3% due to weakness in Germany [9] - Asia-Australia increased by 12%, indicating a mixed performance across regions [9] - The pricing environment in China remains challenging due to competitive pressure, with inventory levels still elevated [18] Company Strategy and Development Direction - The company aims to foster organic growth through targeted investments in production capacity and manpower, focusing on sustainability [8][10] - Continued investments in electrical equipment capacities in the U.S. and expansion of facilities in Frankfurt are planned to meet rising demand [11] - The company is committed to driving sustainable infrastructure transformation and enhancing its competitive position in the market [8][10] Management's Comments on Operating Environment and Future Outlook - Management noted that economic activity remains muted, particularly in China and Europe, leading to weak investment sentiment in core markets [6][19] - The company expects demand to develop slower than previously anticipated, with a cautious outlook for the automotive and machinery sectors [19] - Despite macroeconomic headwinds, the company remains focused on delivering value creation through profitable growth and resilient cash generation [30] Other Important Information - The company received a Platinum medal from EcoVadis for its sustainability management, ranking in the top 1% of assessed companies [9][13] - The divestment of the wiring accessories business in China to ABB is expected to close within 12 months [24] - Free cash flow performance in the first nine months was solid, with a focus on maintaining a double-digit return on revenue [29] Q&A Session Summary Question: Underlying demand in the US and Europe for DI - Management indicated that the macro environment shows muted growth momentum for production output and customer demand, particularly in Europe and China [33][34] Question: Profitability outlook for DI - Management acknowledged that while the software business had an exceptional quarter, the fourth quarter is expected to see lower profitability due to a tough comparison with the previous year [41][44] Question: Revenue run rate for DI software - Management confirmed that the software business is expected to continue growing, with a strong focus on ARR and cloud-based activities [50][52] Question: Concerns about AI investments - Management noted that while there is some hype around AI, the demand for energy and green energy is rising, indicating a super cycle in electrification markets [56] Question: Margin expectations for smart infrastructure - Management expressed confidence in further margin improvement, emphasizing the team's ability to balance growth needs with profitability [60][62]

15 November 2023, Bavaria, Munich: Flags with the word "Siemens" in front of the company's headquarters. Siemens publishes figures for fiscal year 2022/23. Photo: Karl-Josef Hildenbrand/dpa (Photo by Karl-Josef Hildenbrand/picture alliance via Getty Images) German industrial technology giant Siemens on Thursday posted better-than-expected quarterly operating profit and confirmed its full-year outlook. Industrial profit came in at 3 billion euros ($3.3 billion) in the quarter to the end of June, 11% higher t ...

Looking forward, the role of AI in healthcare is set to expand, promising substantial improvements in patient care through more accurate diagnostics, personalized treatments, and by ultimately enhancing the overall efficiency of healthcare services. Agfa Healthcare Corporation Aidoc AliveCor, Inc. Caption Health Elevance Health, Inc. HeartFlow Intelegain Technologies Siemens Healthineers AG VisualDx | --- | --- | |---------------------------------------|--------------| | | | | Report Attribute | Details | | ...