Shares of Sandvik (OTC:SDVKY) were unchanged after the company reported Q2 results.
Quarterly Results
Earnings per share rose 77.78% over the past year to $0.32, which beat the estimate of $0.31.
Revenue of $2,787,000,000 up by 33.35% year over year, which beat the estimate of $2,670,000,000.
Guidance
Sandvik hasn’t issued any earnings guidance for the time being.
Sandvik hasn’t issued any revenue guidance for the time being.
Conference Call Details
Date: Jul 16, 2021
Time: 05:30 AM
ET Webcast URL: https://sandvik-live.creo.se/210716/interim_report_q2_2021
Price Action
Company’s 52-week high was at $28.54
Company’s 52-week low was at $17.72
Price action over last quarter: down 3.36%
Company Description
Sandvik is a manufacturer of specialized tools and mining equipment used predominantly by global mining, engineering, and automotive customers. The company’s core operations are in metal cutting and mining equipment. The company has a well-documented history, having been founded in 1862 and listed on the Nordic Exchange in Stockholm in 1901.Europe is the largest contributor to group sales at 35%, followed by North America 22%, Asia 20%, Africa/Middle East 9%, Australia 9%, and South America 5%.
