Q4 Rundown: Albany (NYSE:AIN) Vs Other General Industrial Machinery Stocks [Yahoo! Finance]
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Source: Yahoo! Finance
Automation that increases efficiency and connected equipment that collects analyzable data have been trending, creating new demand for general industrial machinery companies. Those who innovate and create digitized solutions can spur sales and speed up replacement cycles, but all general industrial machinery companies are still at the whim of economic cycles. Consumer spending and interest rates, for example, can greatly impact the industrial production that drives demand for these companies' offerings. The 15 general industrial machinery stocks we track reported a slower Q4. As a group, revenues beat analysts' consensus estimates by 2.2% while next quarter's revenue guidance was 2.5% below. Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 17.8% since the latest earnings results. Founded in 1895, Albany (NYSE:AIN) is a global textiles and materials processing company, specializing in machine clothing for paper mills and enginee
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