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AB SKF (publ) Q2 2024 Earnings Report

AB SKF (publ) logo
$23.90 +0.36 (+1.53%)
As of 03/7/2025 03:47 PM Eastern

AB SKF (publ) EPS Results

Actual EPS
$0.49
Consensus EPS
$0.41
Beat/Miss
Beat by +$0.08
One Year Ago EPS
N/A

AB SKF (publ) Revenue Results

Actual Revenue
$2.40 billion
Expected Revenue
$2.44 billion
Beat/Miss
Missed by -$49.55 million
YoY Revenue Growth
N/A

AB SKF (publ) Announcement Details

Quarter
Q2 2024
Time
TAS
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AB SKF (publ) Earnings Headlines

SKF: Notice of Annual General Meeting
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SKF stock dips amid bond covenant concerns
SKF AB price target raised to SEK 227 from SEK 201 at Deutsche Bank
SKF AB price target raised to SEK 251 from SEK 239 at Barclays
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About AB SKF (publ)

AB SKF (publ) (OTCMKTS:SKFRY) designs, manufactures, and sells bearings and units, seals, lubrication systems, condition monitoring, and services worldwide. It operates in two segments, Industrial and Automotive. The company offers rolling, mounted and housings, super-precision, slewing, plain, magnetic, and thin section bearings; industrial and automotive seals; lubricants, manual lubrication tools, lubricators, automatic lubrication systems, and lubrication system components; maintenance products, such as hydraulic, mechanical, and alignment tools, as well as heaters; belts, pulleys, chains, sprockets, bushings and hubs, couplings, and bolts and tightening systems; condition monitoring systems; test and measuring equipment, such as waviness and roundness analyzers, noise and vibration testers, and grease test rigs, as well as calibration with traceability, machine training and support, and upgrades and refurbishment services; and vehicle aftermarket products. It also provides application engineering services consisting of technical consultancy, numerical simulation and design, and root cause analysis; asset management services, such as assessment and benchmarking, maintenance strategy review, spare parts and inventory management, and lubrication management; condition-based maintenance, including vibration analysis and diagnostics, thermography, lubrication analysis, and condition monitoring system installation; mechanical maintenance comprising mounting and dismounting, precision alignment, and balancing; remanufacturing and customization; and training solutions, which include instructor-led training, e-learning courses, and webinar recordings. The company serves the aerospace, agriculture, automotive, construction, food and beverage, general machinery, machine tools, marine, material handling, metals, mining, mineral processing, ocean energy, pulp and paper, railways, and wind industries. AB SKF (publ) was incorporated in 1907 and is headquartered in Gothenburg, Sweden.

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