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Market Update: Scott Benefiting As Global Markets Recover From Covid


Thursday, 20 May 2021, 2:31 pm
Automation and robotics solutions provider, Scott
Technology (NZX: SCT), is seeing increasing international
interest and contract wins as COVID-19 restrictions ease in
markets around the world and as demand for automation
increases as a result of labour supply pressures across
several sectors.
Many deferred projects are now coming
back online, and investment decisions are coming to fruition
as global markets continue to recover from the pandemic.
This positive momentum is expected to increase as vaccines
are rolled out, with strong economic growth forecast for
many regions.
Demand for automation is accelerating
with the pandemic highlighting the critical role robotics ....

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Business Scoop » Market Update: Scott Benefiting As Global Markets Recover From Covid


Press Release – Scott Technology
Automation and robotics solutions provider, Scott Technology (NZX: SCT), is seeing increasing international interest and contract wins as COVID-19 restrictions ease in markets around the world and as demand for automation increases as a result of …
Automation and robotics solutions provider, Scott Technology (NZX: SCT), is seeing increasing international interest and contract wins as COVID-19 restrictions ease in markets around the world and as demand for automation increases as a result of labour supply pressures across several sectors.
Many deferred projects are now coming back online, and investment decisions are coming to fruition as global markets continue to recover from the pandemic. This positive momentum is expected to increase as vaccines are rolled out, with strong economic growth forecast for many regions. ....

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Whirlpool Corporation Delivering on Long-Term Value Creation Targets with Very Strong Fourth-Quarter and Full-Year Results


Whirlpool Corporation Delivering on Long-Term Value Creation Targets with Very Strong Fourth-Quarter and Full-Year Results
- Q4 net sales growth of 7.7% and organic net sales(5) (non-GAAP) growth of 10.3%, driven by strong consumer demand
- Very strong Q4 GAAP net earnings margin of 8.6% (up 320 basis points) and ongoing (non-GAAP) EBIT margin(2) of 11.3% (up 410 basis points), with positive EBIT and significant margin expansion in all regions
- Solid full-year GAAP earnings per diluted share of $17.07 and record ongoing earnings per diluted share(1) (non-GAAP) of $18.55, exceeding guidance
- Significant cash generation for full-year 2020; cash provided by operating activities of $1.5 billion and free cash flow(4) of $1.25 billion, with positive cash flow in North America, Latin America and EMEA ....

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