Updated as of 10:30 AM CST on August 6, 2020

Industrial

Earnings pre-release

  • Alcoa-Releases Preliminary Second Quarter 2020 Results

Financial Results / 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
  • Whirlpool Corporation – Whirlpool Corporation Reports Second-Quarter 2020 Results
  • Danaher Corporation – Danaher Reports Second Quarter 2020 Results
  • Trinity Industries – Trinity Industries, Inc. Announces Second Quarter 2020 Results
  • Honeywell – Reports 2Q20 financial results, citing significant impact from COVID-19 and oil volatility
  • 3M – Reports Q2 2020 financial results, guidance remains withdrawn, company to continue providing monthly sales updates
  • Rockwell Automation – Reports Q3 2020 financial results, provides EPS and sales growth guidance assuming gradual recovery continues
  • Wabtec – Reports Q2 2020 financial results, provides annual EPS, sales and CF guidance assuming no escalations in pandemic severity or duration
  • Cummins – Reports Q2 2020 financial results, provides qualitative guidance for revenue improvements in 3Q20
  • GE – Reports 2Q20 Financial Results, provides qualitative guidance for segment performance, cash management and FCF
  • Eaton – Reports Second Quarter Earnings, reaffirms 2020 Full Year FCF Guidance
  • Meritor – Reports Third Quarter Earnings, provides comprehensive 4Q20 guidance
  • Wabash National – Reports 2Q20 Financial Results, provides qualitative FCF guidance for FY20
  • Federal Signal – Reports 2Q20 Financial Results, Reinstates full-year guidance for weekly orders and EPS
  • Oshkosh Corporation – Reports 3Q20 Financial Results, Declares Cash Dividend of $0.30 Per Share, No Guidance Issued
  • AGCO – Reports 2Q20 Financial Results, Reinstates FY Net Sales, EPS Guidance
  • CNH Industrial – Reports 2Q20 Financial Results, Issues FY20 Net Sales, FCF Guidance
  • United Rentals – Announces 2Q20 Financial Results, Reinstates Comprehensive FY20 Guidance
  • Columbus McKinnon – Reports 1Q21 Financial Results, Issues Q2 Revenue, Operating Income, FCF Guidance
  • Terex Corporation – Announces Second Quarter 2020 Results, Anticipates 2H20 results similar to 1H
  • Caterpillar – Reports 2Q20 Financial Results, Maintains Suspension of FY20 Guidance, Anticipates Continued GM and End-User Demand Headwinds in Q3
  • Astec – Reports Second Quarter 2020 Financial Results, no guidance issued
  • Parker Hannifin Corporation – Reports Fiscal 2020 Fourth Quarter and Full Year Results and Issues Guidance for Fiscal 2021
  • The Manitowoc Company – Reports Second Quarter 2020 Financial Results, no FY20 guidance issued, announces CEO succession plan
  • Shyft Group – Reports Second Quarter 2020 Financial Results, Issues optimistic Q3 guidance, FY20 guidance remains withdrawn

COVID impacts

  • 3M-Updates Ongoing Actions to Combat COVID-related Fraud
  • Cummins-Releases 2019 Sustainability Progress Report and Special Report on the Impact of COVID-19 in 2020
  • Honeywell-Companies Planning to Increase Automation in Factories due to COVID-19
  • Deere & Company – Cuts salaried jobs as part of company restructuring

Capital allocation – debt amendments, dividend suspension, etc.

  • Oshkosh-Announces Reduction in Salaried Employees
  • Eaton Corporation – Eaton Declares Quarterly Dividend Payable August 28, 2020
  • Eaton Corporation – Announces Q3 reduction of salaries for CEO and select officers
  • Honeywell – CEO says Honeywell open to M&A in 2H20
  • Federal Signal – Declares Quarterly Dividend of $0.08 per share
  • Wabtec – Declares Quarterly Dividend of $0.12 Per Share
  • United Rentals – Announces Full Redemption of 5.50% Senior Notes due 2025
  • Honeywell – Announces Quarterly Dividend of $0.90 Per Share
  • GATX – Announced Quarterly Dividend of $0.48 Per Share
  • Astec Industries – Declares Quarterly Dividend of $0.11 Per Share
  • Astec Industries – Acquiring Concrete Equipment Providers CON-E-CO and BMH Systems
  • Shyft Group – Declares Quarterly Dividend of $0.025 Per Share
  • Dover – Announces Increase in Quarterly Dividend to $0.495 Per Share from $0.49 Per Share

BLM impacts

  • Caterpillar-Caterpillar Foundation Announces Commitment to Help Fight Racism and Social Injustice 
  • 3M – 3M Open Announces Support for COVID-19 and Social Justice Initiatives

Additional Announcements

  • 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
  • Oshkosh Corporation – Commits to a series of restructuring activities within its Commercial segment
  • 3M – 3M and Alabama finalize new interim consent order regarding chemical discharges
  • Meritor – Filed for realignment of operations into two new reportable segments
  • Whirlpool – Emission reduction targets approved by Science Based Targets Initiative
  • United Rentals – Announces Full Redemption of 5.50% Senior Notes Due 2025
  • United Rentals – Announces Proposed Offering of $1.1 Billion of Senior Notes Due 2031
  • United Rentals – Announces Full Redemption of 6.500% Senior Notes due 2026
  • 3M – Announces new leadership appointment in Consumer Business Group
  • Cummins – Adds Fuel Cell Leadership, Receives Two US Department of Energy Awards from the Office of Energy Efficiency and Renewable Energy
  • Navistar International Corporation – Completes tax-exempt bond financing agreement with Illinois Finance Authority for $225 million in development costs

A&D Industry Updates

Earnings Results

Capital allocation – debt amendments, dividend suspension, etc.

COVID-19

Additional Announcements