Industry Overview - The Zacks Manufacturing-Tools & Related Products industry includes companies that develop and distribute various tools and technology solutions, serving multiple sectors such as industrial, commercial, oil & gas, and automotive [3] - The industry is currently facing challenges due to a slowdown in the manufacturing sector, with the Manufacturing Purchasing Manager's Index at 49% in June, indicating contraction [4] - The New Orders Index has also been in contraction for five consecutive months, registering 46.4% in June [4] Current Challenges - The industry is experiencing input cost inflation and supply-chain issues, which are negatively impacting profitability and margins [5] - The Supplier Deliveries Index indicates slower deliveries for the seventh consecutive month, further complicating the operational landscape [5] - A shortage of skilled labor in the United States is also a significant challenge for the industry [1] Strategic Responses - Companies in the industry are focusing on cost-control measures and investments in product development to remain competitive [2] - Initiatives include streamlining operational structures, optimizing supply networks, and implementing effective pricing policies to manage costs [5] - Continuous innovation and product upgrades are seen as essential for long-term growth, although they may lead to highly leveraged balance sheets [6] Performance Metrics - The Zacks Manufacturing-Tools & Related Products industry currently holds a Zacks Industry Rank of 163, placing it in the bottom 34% of 246 Zacks industries, indicating weak prospects [7][8] - The industry's earnings estimates for 2025 have decreased by 7.3% over the past year, reflecting analysts' diminishing confidence in earnings growth potential [9] - Over the past year, the industry has underperformed compared to the sector and the S&P 500, growing only 7.7% versus 14.8% and 12.4% respectively [11] Valuation Insights - The industry is currently trading at a forward P/E ratio of 17.92X, which is below the S&P 500's 22.75X and the sector's 20.09X [14] - Historical trading ranges for the industry have been between 11.65X and 22.13X over the past five years, with a median of 18.55X [14] Notable Companies - **Stanley Black & Decker, Inc. (SWK)**: Focused on tools and engineered fastening systems, the company has shown solid momentum in its Tools & Outdoor segment, particularly in its DEWALT business. It has reported better-than-expected results in the last four quarters, with an average earnings surprise of 18.4% [19][20] - **Core & Main, Inc. (CNM)**: Provides water and fire protection products, benefiting from increased demand and recent acquisitions. Its fiscal 2026 earnings estimates have been revised upward by 1.2% in the past 60 days [23][24] - **Kennametal Inc. (KMT)**: Specializes in high-speed metal cutting tools and has seen improved supply chain conditions and increased OEM build rates in aerospace markets. The company has consistently surpassed earnings estimates, with an average surprise of 27% [26][27]

Core Viewpoint - Several companies are significantly increasing their share buyback programs, collectively adding over $10 billion in repurchase capacity to the stock market, signaling a commitment to reward shareholders and potentially reduce outstanding shares [1]. Company Summaries Trump Media and Technology Group (DJT) - Announced a $400 million share buyback program, representing approximately 8.3% of its $4.8 billion market capitalization [2]. - The company raised $2.5 billion to create a large Bitcoin treasury, increasing its liquid assets to over $3 billion, despite generating under $4 million in revenues and having operating expenses exceeding $127 million [3]. Johnson Controls International (JCI) - Increased its share buyback authorization to $9 billion, totaling $10.1 billion in repurchase capacity, which is about 14.6% of its $69 billion market capitalization [6][7]. - Plans to return $5 billion in capital in the fourth quarter of fiscal 2025, potentially reducing its share count by around 7% and enhancing earnings per share [7]. Darden Restaurants (DRI) - Announced a $1 billion share buyback program, equating to just under 4% of its over $25 billion market capitalization, following a total return of approximately 17% in 2025 [9][10]. - Increased its quarterly dividend by 7.1%, with a solid indicated dividend yield of around 2.8%, one of the highest among U.S. restaurant stocks [10]. Broader Corporate Trend - The substantial buyback announcements from DJT, JCI, and DRI reflect a broader trend of companies returning capital to shareholders, whether to offset stock declines, reinforce confidence, or enhance earnings metrics [11]. - The end result of these buybacks is expected to be reduced share counts and potentially stronger shareholder returns, emphasizing the importance of execution speed and effectiveness in the coming quarters [12].

Core Points - Gentex Corporation will release its second quarter 2025 financial results on July 25, before the market opens [1] - A conference call for the investment community will take place at 9:30am ET to discuss the results [1] - The call will be accessible to the general public via a live audio webcast [2] Registration and Participation - Participants wishing to ask questions can register for the call to receive dial-in numbers and a unique PIN [2] - It is recommended for participants to join 10 minutes prior to the event start [2] - A listen-only webcast option is available for those who do not plan to ask questions [2] Replay Information - A webcast replay will be available approximately 24 hours after the conclusion of the call [3]

BEIJING, June 27, 2025 (GLOBE NEWSWIRE) -- Julong Holding Limited (“Julong” or the “Company”) (Nasdaq: JLHL), a growth-oriented provider of intelligent integrated solutions, today announced the closing of its initial public offering (the “Offering”) of 1,250,000 Class A ordinary shares, at a public offering price of US$4.00 per share (the “Offering Price”). The Company’s Class A ordinary shares began trading on the Nasdaq Capital Market on June 26, 2025, under the ticker symbol “JLHL.” The aggregate gross p ...

Company Overview - Core & Main, Inc. (CNM) shares increased by 10.4% to $59.09 in the last trading session, with a higher-than-average trading volume [1] - The company has made the Fortune 500 list for the first time at No. 497, indicating rapid growth in providing essential water infrastructure products [2] Financial Performance - Core & Main is expected to report quarterly earnings of $0.52 per share, reflecting a year-over-year increase of 6.1% [3] - Revenue projections for the upcoming quarter are $1.83 billion, which is a 5.3% increase compared to the same quarter last year [3] Market Sentiment - The recent stock price increase is attributed to optimism regarding rising customer demand for storm drainage products and pipes, valves, and fittings [2] - The consensus EPS estimate for Core & Main has remained unchanged over the last 30 days, suggesting that the stock's price movement may not sustain without earnings estimate revisions [4] Industry Context - Core & Main operates within the Zacks Manufacturing - Tools & Related Products industry, where Sandvik AB (SDVKY) also competes [4] - Sandvik's consensus EPS estimate has remained unchanged at $0.36, representing a year-over-year change of 24.1% [5]

Contact Information Gentex Investor Relations 616-931-3505 This press release was published by a CLEAR® Verified individual. ZEELAND, Mich., May 28, 2025 (GLOBE NEWSWIRE) -- Gentex Corporation (NASDAQ: GNTX), the Zeeland, Michigan-based supplier of digital vision, connected car, dimmable glass, fire protection technologies, medical devices, and consumer electronics, today announced that its Board of Directors recently declared a quarterly cash dividend of $0.12 (12 cents) per share that will be payable July ...

Group 1: Company Overview - PPG Industries, Inc. will showcase total-system solutions for electric-vehicle battery packs at The Battery Show Europe from June 3 to June 5 [1] - The company aims to demonstrate how its advanced coatings and EV total system solutions drive innovation, enhance performance, and mitigate thermal runaway while improving manufacturing efficiency [2] Group 2: Technology and Innovations - PPG will highlight its key technologies, including thermal management, dielectric isolation, and battery fire protection [2] - The company will present its PPG RAYCRON Dielectric UV and PPG ENVIROCRON Dielectric Powder technology platforms, along with flame retardant powder coating and anti-blast fire protection solutions [3] Group 3: Market Position and Performance - PPG has established itself as a single source for customization, effective application, consistent quality, and full process support through collaborations with OEMs and Tier suppliers [4] - PPG's stock has decreased by 12.6% over the past year, contrasting with the industry's 0.7% increase [6]

Core Insights - Core & Main's stock closed at $51.64, showing a -0.39% change from the previous day, underperforming compared to the S&P 500's loss of 0.07% [1] - The stock has increased by 7.6% over the past month, which is lower than the Industrial Products sector's gain of 16.88% and the S&P 500's gain of 13.74% [1] Financial Projections - The upcoming earnings per share (EPS) for Core & Main is projected at $0.52, indicating a 6.12% increase year-over-year [2] - Revenue is expected to reach $1.83 billion, reflecting a 5.25% rise from the same quarter last year [2] - For the full year, earnings are estimated at $2.43 per share and revenue at $7.71 billion, showing increases of +14.08% and +3.66% respectively from the previous year [3] Analyst Sentiment - Investors should monitor shifts in analyst projections for Core & Main, as positive estimate revisions can indicate optimism about the company's outlook [4] - The Zacks Rank system, which reflects these estimate changes, currently rates Core & Main at 3 (Hold) [6] Valuation Metrics - Core & Main has a Forward P/E ratio of 21.33, which is higher than the industry average of 18.31 [7] - The company has a PEG ratio of 1.96, compared to the Manufacturing - Tools & Related Products industry's average PEG ratio of 1.49 [7] Industry Context - The Manufacturing - Tools & Related Products industry is part of the Industrial Products sector and currently holds a Zacks Industry Rank of 224, placing it in the bottom 10% of all industries [8] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]

The Manitowoc Company, Inc. (MTW) came out with a quarterly loss of $0.16 per share versus the Zacks Consensus Estimate of a loss of $0.10. This compares to earnings of $0.14 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -60%. A quarter ago, it was expected that this company would post earnings of $0.14 per share when it actually produced earnings of $0.10, delivering a surprise of -28.57%.Over the last four quarters, the co ...

Core Insights - Johnson Controls is celebrating its 140th anniversary, marking a significant milestone in its history of innovation and leadership in the building technology sector [1][2][3] Company Achievements - The company has a rich history of achievements, including the introduction of the first automatic sprinkler and room thermostat, and currently holds nearly 8,000 patents [1][2] - Johnson Controls has invested billions of dollars in engineering, research, and development to enhance its product offerings and services [2] Product and Service Portfolio - Johnson Controls offers one of the largest portfolios of heating, ventilation, and air conditioning (HVAC) equipment and controls globally, along with fire protection and smart security solutions [1][4] - The company is focused on serving a diverse range of customers, including data centers, advanced manufacturing, education, hospitals, and pharmaceutical labs [1][4] Future Outlook - The CEO emphasized the company's commitment to accelerating technology-based innovation and continuous improvement, aiming to transform the industry for the next 140 years [4] - Johnson Controls is integrating IoT, AI, and machine learning into its services, providing enhanced real-time analytics to create smarter buildings [4][7] Digital Transformation - The company is leveraging its OpenBlue digital offering to deliver comprehensive solutions for various industries, including healthcare, schools, and manufacturing [7] - Johnson Controls aims to simplify its portfolio while enhancing customer service, ultimately helping customers save money, energy, and time [4]