SKF AB

Earnings data Q1 2021

Earnings data Q2 2021

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SKF AB engages in the manufacture of machines and rotating equipment. It operates through the Industrial and Automotive segments. The Industrial segment comprises of Industrial Sales Americas, Industrial Sales Europe and Middle East and Africa, Industrial Sales Asia, Industrial Units, Bearing Operations, and Aerospace. The Automotive segment provides a range of products, solutions, and services to manufacturers of cars, light trucks, heavy trucks, trailers, buses, two-wheelers, and the vehicle aftermarket. The company was founded by Sven Wingquist on February 16, 1907, and is headquartered in Gothenburg, Sweden.

AB SKF (publ) (OTCPK:SKFRY) Q3 2024 Earnings Conference Call October 30, 2024 3:00 AM ET Company Participants Rickard Gustafson - President & CEO Niclas Rosenlew - CFO Sophie Arnius - IR Conference Call Participants Daniela Costa - Goldman Sachs Andre Kukhnin - UBS Andreas Koski - BNP Paribas Erik Golrang - SEB John Kim - Deutsche Bank Ben Heelan - Bank of America Tim Lee - Barclays Sophie Arnius A warm welcome to SKF's earnings call for the third quarter of 2024, where we continue to deliver solid margin despite weak markets. Strategic portfolio management was clearly a theme for this quarter, and is a key element in building an even stronger SKF.

AB SKF (publ) (SKFRY) Q3 2024 Earnings Call Transcript

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AIN, BIDU and SKFRY have been added to the Zacks Rank #5 (Strong Sell) List on November 1, 2024.

New Strong Sell Stocks for November 1st

SKF faces declining demand in key regions and pressure from currency fluctuations, impacting revenue growth despite cost-cutting efforts. The company continues to explore new markets, investing 90% of its R&D budget into high-growth areas like high-speed machinery, aerospace, and electric vehicles. It maintains strong financial health with a high-interest coverage ratio of 47.5x, indicating low insolvency risk even during profitability fluctuations.

AB SKF: A Strategic Split That Could Drive Long-Term Gains

ESAB Corp

Investors interested in stocks from the Metal Products - Procurement and Fabrication sector have probably already heard of AB SKF (SKFRY) and Esab (ESAB). But which of these two stocks presents investors with the better value opportunity right now?

SKFRY vs. ESAB: Which Stock Is the Better Value Option?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Should Value Investors Buy AB SKF (SKFRY) Stock?

Investors with an interest in Metal Products - Procurement and Fabrication stocks have likely encountered both AB SKF (SKFRY) and Esab (ESAB). But which of these two stocks offers value investors a better bang for their buck right now?

SKFRY or ESAB: Which Is the Better Value Stock Right Now?

Are Investors Undervaluing AB SKF (SKFRY) Right Now?

GOTHENBURG, Sweden , Sept. 30, 2024 /PRNewswire/ -- Due to a conversion of shares from Series A to Series B in accordance with AB SKF's Articles of Association, the Company confirms the following.

Announcement of change in the total number of votes in AB SKF

SKF is facing short-term growth challenges, with declining sales and weak demand across key markets, particularly in China and North East Asia. Despite a -7.4% organic sales decline in Q2, profitability remains strong, aided by cost-cutting and strategically exiting unprofitable business lines. The company is investing in R&D, decentralizing operations, and planning a spin-off of its vehicle business, potentially unlocking value.

SKF: Temporary Friction Preventing Growth, But Valuation Is Very Compelling

AB SKF (SKFRY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

AB SKF (SKFRY) Upgraded to Buy: What Does It Mean for the Stock?

GOTHENBURG, Sweden , Sept. 11, 2024 /PRNewswire/ -- In accordance with the Nomination Committee Charter adopted at the Annual General Meeting of AB SKF, the members, who, together with the Chair of the Board, constitutes the Nomination Committee in preparation of the Annual General Meeting 2025 has been elected.

Nomination Committee of AB SKF for the Annual General Meeting 2025

AB SKF (publ) (OTCPK:SKFRY) Q2 2024 Earnings Conference Call July 18, 2024 2:00 AM ET Company Participants Sophie Arnius - Head of Investor Relations Rickard Gustafson - President & CEO Niclas Rosenlew - CFO Conference Call Participants Daniela Costa - Goldman Sachs Max Yates - Morgan Stanley Benjamin Heelan - Bank of America John Kim - Deutsche Bank Andrew Wilson - JPMorgan James Moore - Redburn Atlantic. Erik Golrang - SEB Timothy Lee - Barclays.

AB SKF (publ) (SKFRY) Q2 2024 Earnings Call Transcript

AB SKF (SKFRY) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.

Why Fast-paced Mover AB SKF (SKFRY) Is a Great Choice for Value Investors

AB SKF (SKFRY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

What Makes AB SKF (SKFRY) a New Buy Stock

SKFRY vs. ESAB: Which Stock Should Value Investors Buy Now?

Kaiser Aluminum

Northwest Pipe

Timken

AB SKF, The Timken, ESAB, Kaiser Aluminum and Northwest Pipe have been highlighted in this Industry Outlook article.

Zacks Industry Outlook AB SKF, The Timken, ESAB, Kaiser Aluminum and Northwest Pipe

Easing supply-chain issues and solid end-market demand should aid the Metal Products - Procurement and Fabrication industry's growth. SKFRY, TKR, ESAB, KALU and NWPX are some stocks to watch, backed by their healthy growth prospects.

5 Metal Fabrication Stocks to Watch Amid Improving Industry Trends

AB SKF (publ) (OTCPK:SKFRY) Q1 2024 Earnings Conference Call April 26, 2024 2:00 AM ET Company Participants Sophie Arnius - Head of Investor Relations Rickard Gustafson - President & CEO Niclas Rosenlew - CFO Conference Call Participants Andrew Wilson - JPMorgan Daniela Costa - Goldman Sachs Max Yates - Morgan Stanley Mattias Holmberg - DNB Markets Rory Smith - UBS Anders Roslund - Pareto Securities Klas Bergelind - Citi Andreas Koski - Exane BNP Paribas Sophie Arnius A warm welcome to SKF Q1 2024 Earnings Call. For those of you who I haven't had the opportunity to meet with yet, my name is Sophie Arnius and I joined SKF end of February as Head of Investor Relations.

AB SKF (publ) (SKFRY) Q1 2024 Earnings Call Transcript

GOTHENBURG, Sweden , March 26, 2024 /PRNewswire/ -- The Annual General Meeting of Aktiebolaget SKF was held on Tuesday, 26 March 2024. The income statements and the balance sheets were adopted, together with the Board's proposal for distribution of dividend.

Annual General Meeting of AB SKF

SKF is a company that focuses on improving energy efficiency through the development of bearings and other technologies.

Greasing The Wheels Of Change: AB SKF's Role In Sustainable Innovation

Is AB SKF (SKFRY) Stock Undervalued Right Now?

AB SKF (publ) (SKFRY) Q4 2023 Earnings Call Transcript

GOTHENBURG, Sweden , Jan. 23, 2024 /PRNewswire/ -- SKF's Nomination Committee proposes re-election of the board members Hans Stråberg, Hock Goh, Geert Follens, Håkan Buskhe, Susanna Schneeberger, Rickard Gustafson, Beth Ferreira, Therese Friberg, Richard Nilsson and Niko Pakalén. Hans Stråberg is proposed to be the Chair of the Board of Directors.

Nomination Committee's proposal for Board of Directors of AB SKF

AB SKF (SKFRY) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.

AB SKF (SKFRY) Forms 'Hammer Chart Pattern': Time for Bottom Fishing?

Century Aluminum

Norsk Hydro ASA

TriMas

Low order levels cloud the near-term prospects of the Zacks Metal Products - Procurement and Fabrication industry. However, the likes of NHYDY, SKFRY, ESAB, CENX and TRS seem well-poised to tide over the hurdles.

5 Metal Fabrication Stocks to Watch in a Challenging Industry

News for SKF AB Stock (SKFRY)