Sector Spotlight – Second Quarter A&D and Industrial Updates

Written By Victoria Sivrais, Partner

July 22, 2020

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

Guidance

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

Back To Blog