The investment seeks to track the investment results (before fees and expenses) of the S&P SmallCap 600® Capped Industrials Index. The fund generally will invest at least 90% of its total assets in the securities that comprise the index. Strictly in accordance with its guidelines and mandated procedures, S&P Dow Jones Indices, LLC compiles, maintains and calculates the index, which is designed to measure the performance of securities of small-capitalization U.S. companies in the industrial sector, as defined by the Global Industry Classification Standard.
IPO Year: n/a
Exchange: NASDAQ
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A 2024 election victory for ex-President Donald Trump could unleash a new wave of deregulation, according to Goldman Sachs. This would help companies in industries subject to strict rules and regulatory oversight, the firm’s analysts, Ronnie Walker and Alec Phillips, explained in a research note. Those sectors include energy (oil and gas), utilities, financials, healthcare, industrials, materials, and telecom. Conversely, consumer discretionary, consumer staples, technology, and real estate have less exposure. Recall Trump’s recently proposed deal with leading oil and gas companies, where he offered to roll back environmental regulations in return for $1 billion in campaign contributio
Korn Ferry (NYSE:KFY) shares are trading higher after the company reported fourth-quarter FY24 results. Revenue fell 5.2% Y/Y to $699.9 million, beating the consensus of $689.92 million. The fee revenue of the global organizational consulting firm was $690.80 million, a decrease of 5.5% Y/Y. Adjusted EBITDA rose to $112.3 million from $97.9 million, with an adjusted margin of 16.3%, an increase of 290bps Y/Y in the quarter. Adjusted EPS of $1.26 beats the estimate of $1.12. The company exited the quarter with cash and equivalents worth $983.7 million. Dividend: On June 12, the company increased its regular quarterly dividend per share to $0.37 (from $0.33), payable on July 31 to
Air Lease Corporation (NYSE:AL) on Tuesday said it delivered 14 new aircraft in the first quarter of 2024, lower than 22 aircraft in the year-ago period. As of March 31, 2024, the company’s fleet was comprised of 472 owned aircraft and 73 managed aircraft, with 320 new aircraft on order from Boeing Company (NYSE:BA) and Airbus SE (OTC:EADSY) set to deliver through 2028. The company sold five aircraft to third-party buyers in the period under review, higher than just two aircraft a year ago. Aircraft investments in the quarter totaled approximately $900 million, with the majority occurring in the second half of the quarter. This is significantly lower than $1.4 billion in the year-ag
Korn Ferry (NYSE:KFY) reported a third-quarter fiscal 2024 total revenue decline of 1.5% year-over-year to $676.87 million, beating the consensus of $657.96 million. Fee revenue of the global organizational consulting firm was $668.68 million, a decrease of 2.0% Y/Y. Adjusted EPS of $1.07 beats the estimate of $0.99. Operating income climbed 299% Y/Y to $49.9 million, with an operating margin of 7.5%, up by 570 bps Y/Y. Adjusted EBITDA was $101.7 million, with an adjusted EBITDA margin of 15.2%, up by 110 bps Y/Y. The company exited the quarter with cash and equivalents worth $782.5 million. Dividend: The company declared a quarterly dividend of $0.33 per share on March 5, 2024