Sign in

    Vivek Srivastava • Wolfe Research

    Vivek Srivastava's questions to Parker-Hannifin Corp (PH) leadership

    Vivek Srivastava's questions to Parker-Hannifin Corp (PH) leadership • Q1 2025

    Question

    Vivek Srivastava, on for Joe Ritchie, asked about order trends exiting the quarter and which end markets showed improvement or deterioration. He also questioned if the industrial backlog coverage remains elevated in the high-20s percentage range and whether this level is structural.

    Answer

    CEO Jenny Parmentier noted that North American orders remained soft, marking the seventh quarter without a positive turn, with weakness in transportation, off-highway, and energy. Conversely, international orders turned positive, driven by Asia. She confirmed the industrial backlog is steady at $4.2 billion, in the mid-to-high 20s as a percentage of sales, attributing this structurally to the portfolio's shift toward longer-cycle businesses and changed customer ordering patterns.

    Ask Fintool Equity Research AI

    Vivek Srivastava's questions to Allegion PLC (ALLE) leadership

    Vivek Srivastava's questions to Allegion PLC (ALLE) leadership • Q3 2024

    Question

    Vivek Srivastava inquired about the strength of Allegion's Americas nonresidential business, seeking clarity on visibility for the next 12 months given its impressive growth amidst reports of project delays. He also asked about the company's productivity progress compared to pre-COVID levels and future opportunities in plant utilization.

    Answer

    CEO John Stone confirmed that nonresidential markets remain stable, led by institutional verticals like education, which is benefiting from strong municipal bond issuance. He noted that while some commercial areas are mixed, the overall outlook supports organic growth. CFO Mike Wagnes added that productivity has significantly improved since the supply chain challenges of 2021-2022, and the company remains focused on using price and productivity gains to offset inflation and fund investments, driving margin expansion.

    Ask Fintool Equity Research AI