|Bid||32.10 x 80000|
|Ask||32.81 x 80000|
|Day's Range||32.10 - 32.20|
|52 Week Range||23.88 - 34.85|
|Beta (5Y Monthly)||1.16|
|PE Ratio (TTM)||27.91|
|Forward Dividend & Yield||0.53 (1.69%)|
|Ex-Dividend Date||Apr 26, 2023|
|1y Target Est||N/A|
ACM vs. ALFVY: Which Stock Is the Better Value Option?
The investment aims to raise capacity in the manufacture and distribution of gasketed heat exchangers, which are used in both cooling and heating processes and are more energy efficient than counterparts such as shell-and-tube systems. Heat exchangers are used to control or regulate the temperature of products in the pharmaceuticals and food industries among others. "While we are concerned about the global economy in the short-term, the demand trends remain strong, especially for technologies needed to rebuild the global energy system," said Chief Executive Tom Erixon.
Swedish engineering group Alfa Laval missed quarterly earnings forecasts on Tuesday and launched a restructuring drive that could affect around 500 employees after a weak tanker market and soaring costs hit its marine business. Alfa Laval's adjusted operating profit (EBITA) increased by 4% to 1.93 billion Swedish crowns ($173.10 million) in its fiscal third quarter, but missed analysts' consensus forecast of 2.15 billion crowns. The marine unit's quarterly operating income fell 41% from a year earlier, hit by weak order intake from the tanker market and rising material costs.