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Daikin Industries (OTC:DKILY) Stock, Option Chain

Daikin Industries

Established in Osaka, Japan, in 1924, Daikin Industries is one of the world's largest residential and commercial heating, ventilation, and air conditioning product and service companies. North America, Japan, China, and Europe are Daikin's four biggest markets, with North America accounting for over 30% of the company's revenue over the years. The air conditioning segment represents around 90% of Daikin's revenue and operating income, while chemicals and others account for the remaining 10%.

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Investors looking for stocks in the Electronics - Miscellaneous Products sector might want to consider either Daikin Industries (OTC: DKILY) or Hoya Corp. (OTC: HOCPY).

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Flex Ltd.&#39;s (NASDAQ: FLEX) subsidiary, Anord Mardix, has set up a second facility in Dundalk, Ireland.

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DAIKIN INDS LTD UNSP/ADR by Daikin Industries Ltd.

Daikin Industries Ltd

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Daikin Industries, Ltd. Unsponsored ADR ( ($DKILY) ) has released its Q2 earnings. Here is a breakdown of the information Daikin Industries, Ltd. U...

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The infrastructure industry has grown rapidly in recent years, driven by increased government spending. With the possibility of domestic policy shifts under a new administration, one might wonder if CRH's global presence can safeguard it from these changes. Read more to find out…. The U.S. infrastructure sector has experienced remarkable growth in recent years, thanks largely to the $1 trillion Infrastructure Investment &amp; Jobs Act, along with the CHIPS Act and the Inflation Reduction Act (IRA) introduced by the Biden-Harris administration. These legislative measures have provided a strong foundation for expansion.
CRH plc (<a href="https://stocknews.com/stock/CRH/">CRH</a>), with its extensive international operations and a robust global strategy, is well-positioned to benefit from this surge in infrastructure spending. The company stands at the forefront of the industry, capitalizing on the growing demand for infrastructure development across multiple regions and sectors.
The Infrastructure Investment &amp; Jobs Act alone allocates significant funding, including $47 billion for roads and bridges, $25 billion for airport projects, and $17 billion for ports, among other potential allocations. Analysts anticipate that funding from the infrastructure bill will begin flowing into projects around 2025 and is expected to continue through 2028.
However, the Trump administration has <a href="https://www.investors.com/research/industry-snapshot/growth-stocks-infrastructure-spending-concrete/">threatened to cut back</a> on some of the infrastructure funding. Despite potential shifts in domestic policy, such as those hinted at by President-elect Donald Trump regarding infrastructure spending, CRH maintains a strong position.
The company has demonstrated impressive growth, with its stock rising 25.5% in the past six months and an incredible 66.6% over the last year, closing at $102.87 in the latest trading session. With such momentum, CRH appears poised to continue thriving.
Let's dive deeper into the factors that could shape CRH's performance moving forward.
Recent Developments
On November 1, CRH announced a significant milestone with the <a href="https://www.crh.com/media/press-releases/2024/crh-develops-wind-farm-to-power-cement-plant-in-romania">completion of a new wind farm</a> designed to supply renewable electricity to its Medgidia Cement Plant in Romania. This wind farm is a pioneering project, being the first in Romania to power a cement plant exclusively, marking a major step in the company's sustainability efforts.
This move not only enhances the company's reputation but also strengthens its market position by attracting environmentally aware consumers and investors, fueling long-term growth.
In addition to this renewable energy initiative, CRH's fiscal 2024 third-quarter report highlighted a robust growth trajectory. The company <a href="https://www.crh.com/media/5463/crh-plc-q3-2024-results-announcement.pdf">completed 12 acquisitions</a> totaling $1.4 billion during the three months which ended September 30, 2024, significantly higher than the $0.4 billion spent during the same period in 2023.
These acquisitions, spread across Americas Materials Solutions, Americas Building Solutions, and Europe Materials Solutions, could further expand CRH's market presence.
Sound Historical Growth
Over the past three years, CRH's revenue has grown at a CAGR of 9.2%. Meanwhile, its EBITDA rose at a CAGR of 11.4%. Plus, the company's operation income (EBIT) and total assets increased at CAGRs of 16.6% and 4.7%, respectively.
Furthermore, during the same time frame, the company's net income and EPS grew at respective CAGRs of 19.7% and 24.6%. The sustained performance highlights the company's strong growth trajectory over the last few years.
Strong Financials
For the fiscal third quarter that ended September 30, 2024, CRH's total revenues increased 3.8% year-over-year to $10.52 billion. Its <a href="https://www.investopedia.com/terms/o/operatingincome.asp">operating income</a> grew 9.8% from the year-ago value to $1.96 billion. Furthermore, the company's adjusted EBITDA increased 12.1% year-over-year to $2.45 billion.
Additionally, its net income and EPS attributable to CRH rose 5.4% and 9.4% from the prior year's quarter to $1.38 billion and $1.97, respectively. As of September 30, 2024, CRH's total assets amounted to $51.22 billion, compared to $47.63 billion on September 30, 2024.
Favorable Analyst Estimates
Analysts predict CRH's revenue for the fiscal year ending December 2024 to rise marginally year-over-year to $35.10 billion. Its EPS for the ongoing fiscal year is also expected to grow 16.5% from the previous year to $5.42.
Looking further ahead to the next fiscal year ending in December 2025, CRH is projected to see additional growth, with revenue and EPS forecasted to rise by 6.7% and 10.6% from the prior year to reach $37.45 billion and $5.99, respectively.
High Profitability
CRH's trailing-12-month gross profit margin of 35.30% is 21.7% higher than the industry average of 29%. Its trailing-12-month asset turnover ratio stands at 0.74x, 12.5% higher than the industry average of 0.66x.
Additionally, CRH's trailing-12-month net income margin of 9.86% outperforms the industry average of 5.02% by 96.5%. Moreover, the company boasts a trailing-12-month EBITDA margin of 18.44%, which is 11.8% above the sector average of 16.50%.
POWR Ratings Reflects Optimism
CRH's solid fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by taking into account 118 different factors, with each factor weighted to an optimal degree.
CRH has a B grade for Quality, which is in sync with its impressive profitability metrics that surpass the industry average. Interestingly, the stock also scores a B for Momentum, as it trades above its 50-day and 200-day moving averages of $94.48 and $84.51, respectively.
Within the B-rated <a href="https://stocknews.com/category/industrial-building-materials/">Industrial - Building Materials</a> industry, CRH is ranked #10 out of 43 stocks. Beyond what is stated above, we have also given CRH grades for Growth, Value, Sentiment, and Stability. Get all CRH ratings <a href="https://stocknews.com/stock/CRH/">here</a>.
Bottom Line
CRH holds a dominant position in the infrastructure industry, thanks to its expansive global portfolio. This diverse reach could serve as a buffer against potential domestic policy shifts, allowing the company to maintain its strong position and continue generating profits for its investors.
Plus, with its high profitability, ongoing momentum, and strategic positioning, CRH presents itself as an attractive investment opportunity for those looking to capitalize on the growth of the infrastructure sector.
How Does CRH plc (CRH) Stack Up Against Its Peers?
Although CRH's near-term outlook appears sound, it may be worthwhile to explore its industry peers, who currently exhibit even stronger POWR Ratings. So, consider these three A (Strong Buy) or B-rated (Buy) stocks from the <a href="https://stocknews.com/category/industrial-building-materials/">Industrial - Building Materials</a> industry:
Daikin Industries Ltd. ADR (<a href="https://stocknews.com/stock/DKILY/">DKILY</a>)
Griffon Corporation (<a href="https://stocknews.com/stock/GFF/">GFF</a>)
Perma-Pipe International Holdings Inc. (<a href="https://stocknews.com/stock/PPIH/">PPIH</a>)
To explore more A or B-rated Industrial - Building materials stocks, <a href="https://stocknews.com/category/industrial-building-materials/">click here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>
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CRH shares rose $0.63 (+0.61%) in premarket trading Wednesday. Year-to-date, CRH has gained 50.53%, versus a 27.56% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Aanchal Sugandh</h2> <img src='https:/wp-content/uploads/2022/12/Aanchal-Sugandh_Headshot.jpg' style="float:left; padding:5px;width:125px;">Aanchal's passion for financial markets drives her work as an investment analyst and journalist. She earned her bachelor's degree in finance and is pursuing the CFA program.

She is proficient at assessing the long-term prospects of stocks with her fundamental analysis skills. Her goal is to help investors build portfolios with sustainable returns.<a href="https://stocknews.com/authors/?author=aanchal-sugandh">More...</a>The post <a href=https://stocknews.com/news/crh-dkily-gff-ppih-could-crhs-global-reach-shield-it-from-domestic-policy-shifts/>Could CRH's Global Reach Shield It from Domestic Policy Shifts?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Could CRH's Global Reach Shield It from Domestic Policy Shifts?

BNY Mellon Concentrated International ETF Q3 2024 Commentary

Griffon Corporation (GFF) delivered strong financial results for the fourth quarter and fiscal year of 2024, beating analysts' estimates driven by its strengthening profitability, strategic initiatives, and growing industry demand. So, should you buy or hold this stock? Read more to find out... Griffon Corporation (<a href="https://stocknews.com/stock/GFF/">GFF</a>), a leading provider of consumer and professional, and home and building products, reported solid fourth quarter and fiscal year 2024 results, which ended on September 30, 2024. The company's total revenue of $659.67 million for the fourth quarter surpassed the consensus estimate of $641.24 million. Also, its adjusted EPS was $1.47, compared to analysts' expectations of $1.18.
During the fiscal year, the company was able to expand its operations through strategic initiatives. Also, the consistent performance of its Home and Building Products segment, coupled with improving Consumer and Professional Products segment profitability, benefited its financial performance.
Through its strong performance, Griffon was also able to generate $326 million of free cash flow and return to its shareholders in the form of dividends and share repurchases. Through its subsidiaries, the company is widening its horizons and opening new prospects of growth for the future.
According to a report by Market Research Report, the construction materials market is forecasted to grow to a <a href="https://www.marketresearchfuture.com/reports/construction-materials-market-12121">staggering $1.82 trillion by 2032</a> at a CAGR of 4.2%. Factors like government initiatives promoting smart cities, infrastructural development, and environmentally friendly building techniques are driving and enhancing market growth.
For the fiscal year 2025, GFF expects revenue of $2.6 billion, and its adjusted EBITDA is expected to range from $575 million to $600 million, where its 2025 HBP and CPP segment revenue will both be in line with 2024. The company projects 2025 EBITDA margin at HBP to continue to be in excess of 30% and at CPP to be in excess of 9%.
Shares of GFF have gained 17.5% over the past six months to close its last trading session at $78.49. The stock has also soared 45.1% over the past year.
Let's look at factors that could influence GFF's performance in the upcoming months.
Recent Developments
On July 1, GFF's subsidiary, The AMES Companies, Inc., acquired Pope, a leading Australian provider of residential watering products, from The Toro Company (TTC), marking AMES's seventh acquisition in Australia since 2013. The acquisition expanded the company's product portfolio in the Australian market. Pope is projected to contribute approximately $25 million in annualized revenue.
Solid Financials
For the fourth quarter that ended September 30, 2024, GFF's total revenues increased 2.8% year-over-year to $659.67 million. Its adjusted <a href="https://www.investopedia.com/terms/g/grossprofit.asp">gross profit</a> grew 7.8% from the year-ago value to $271.05 million. The company's income from operations rose 40.6% from the prior year's quarter to $111.67 million.
Furthermore, the company's adjusted net income and adjusted EPS came in at $70.94 million and $1.47, up 12.5% and 23.5% from the prior year's quarter, respectively. The company's adjusted EBITDA of $137.53 million indicates growth of 13.4% year-over-year.
Also, GFF's cash and equivalents stood at $114.44 million as of September 30, 2024, compared to $102.89 million as of September 30, 2023.
Robust Historical Growth
GFF's revenue grew at a CAGR of 4.9% over the past three years, while its EBITDA improved at a CAGR of 26.9%. Its EBIT increased at a CAGR of 31.7% over the same period, while the company's net income and EPS grew at respective CAGRs of 38.4% and 41.7% over the same time frame.
Further, the company's normalized net income increased at a CAGR of 37.5% over the same timeframe.
Favorable Analyst Estimates
Analysts expect GFF's revenue for the third quarter (ending June 2025) to come in at $667.64 million, indicating an increase of 3.1% year-over-year. The consensus EPS estimate of $1.54 for the same period reflects a 24% year-over-year improvement. Moreover, the company has maintained an impressive earning history, having topped the consensus revenue and EPS in three of the trailing four quarters.
For the fiscal year (ending September 2026), the company's revenue and EPS are anticipated to grow 3.1% and 17.8% year-over-year to $2.70 billion and $6.52, respectively.
High Profitability
GFF's trailing-12-month EBIT margin of 16.79% is 60.8% higher than the 10.44% industry average. Its trailing-12-month net income margin of 8% is 22.7% higher than the industry average of 6.52%. Likewise, the stock's trailing-12-month gross profit margin of 40.26% is 27.6% higher than the industry average of 31.55%.
Furthermore, the stock's trailing-12-month ROCE, ROTC, and ROTA of 77.72%, 14.13%, and 8.85% are higher than the 13.48%, 7.15%, and 5.28% industry average, respectively.
Lower Valuation
In terms of forward non-GAAP P/E, GFF is currently trading at 14.18x, 32.4% lower than the industry average of 20.98x. The stock's forward EV/EBITDA and Price/Sales of 10.06x and 1.43x are lower than the industry averages of 12.32x and 1.55x, respectively.
Additionally, the stock's forward EV/EBIT and Price/Cash Flow of 11.52x and 10.29x are 33.5% and 36.5% lower than the industry averages of 17.32x and 16.20x, respectively.
POWR Ratings Reflect Promise
GFF's sound fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of A, translating to a Strong Buy in our proprietary system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. GFF has a B grade for Value, which is consistent with its lower valuation. The stock has a B grade for Growth, which is in sync with its solid financial performance and historical growth.
Also, the stock has a B grade for Quality, justified by its higher than industry profitability.
GFF has topped among the 42 stocks in the B-rated <a href="https://stocknews.com/category/industrial-building-materials/">Industrial – Building Materials</a> industry.
Beyond what I have stated above, we have also given GFF grades for Momentum, Sentiment, and Stability. Get access to all the GFF ratings <a href="https://stocknews.com/stock/GFF/">here</a>.
Bottom Line
GFF reported solid financial results in the last reported quarter. Further, the company's long-term prospects appear promising, driven by its capacity expansion, strategic acquisitions, and investments.
Moreover, the board of directors of GFF returned a total of $310 million through a quarterly dividend of $0.18 per share and raised share repurchases. This reflects its sound financial standing in the year.
Given GFF's solid financials, accelerating profitability, and lower valuation, investing in the stock could be suitable.
How Does Griffon Corporation (GFF) Stack Up Against Its Peers?
While GFF has an overall POWR Rating of A, investors could also check out these other stocks within the B-rated <a href="https://stocknews.com/category/industrial-building-materials/">Industrial – Building Materials</a> industry with A (Strong Buy) or B (Buy) ratings: Daikin Industries Ltd. ADR (<a href="https://stocknews.com/stock/DKILY/">DKILY</a>), Apogee Enterprises, Inc. (<a href="https://stocknews.com/stock/APOG/">APOG</a>), and Cemex, S.A.B. de C.V. Sponsored ADR (<a href="https://stocknews.com/stock/CX/">CX</a>).
For exploring more A and B-rated industrial stocks, <a href="https://stocknews.com/category/industrial-building-materials/">click here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

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GFF shares were trading at $78.96 per share on Monday afternoon, up $0.47 (+0.60%). Year-to-date, GFF has gained 30.70%, versus a 29.02% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/gff-dkily-apog-cx-is-griffon-corporations-diversified-portfolio-a-reason-to-buy-the/>Is Griffon Corporation's Diversified Portfolio a Reason to Buy the Stock?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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