Sector Spotlight – Second Quarter A&D and Industrial Updates
Updated as of 9:00 AM CST on July 22, 2020
Industrial
Earnings pre-release
- Alcoa-Releases Preliminary Second Quarter 2020 Results
- Greenbrier-Reports Q320 Results
- Embraer: Delivers Four Commercial and 13 Executive Jets in 2Q20
Guidance – qualitative, quantitative, time frame, etc.
- GATX-Releases Q2 2020 Financial Results
- Teledyne – Releases Q2 2020 Financial Results
- Dover Corporation – Releases Q2 2020 Financial Results and Reinitiates Full Year Guidance
COVID impacts
- TBD
Capital allocation – debt amendments, dividend suspension, etc.
- Oshkosh-Announces Reduction in Salaried Employees
BLM impacts
- TBD
Additional Announcements
- Honeywell-Companies Planning to Increase Automation in Factories due to COVID-19
- Meritor-Meritor, Inc. Announces Conversion Option for 7.875 Percent Convertible Senior Notes Due 2026
- CNH Industrial-Closing of $600 million notes of CNH Industrial Capital LLC
- Alcoa-Announces Proposed Debt Offering
- Astec Industries – Reports annual 401(k) retirement plan financial statements and supplemental schedule
- CNH Industrial – Confirmed that a number of offices in Europe have been searched by German prosecutors in relation to an emissions fraud investigation
A&D Industry Updates
Earnings pre-release
- Embraer: Delivers Four Commercial and 13 Executive Jets in 2Q20
Earnings Results
- Lockheed Martin: Reports Second Quarter 2020 Results
Guidance
- Spirit Aerosystems: Cut to market perform
COVID impacts
Capital allocation – debt amendments, dividend suspension, etc.
- Barnes Group-Announces Restructuring Actions
- Airbus-plans to further adapt to COVID-19 environment
BLM impacts
- TBD
Additional items
- Airbus: Protests over jobs cut
- Boeing: and Etihad Broaden Sustainability Alliance by Testing Innovations on ecoDemonstrator 787
- Huntington Ingalls Industries: Invests in Sea Machines