|Bid||10,175.00 x 0|
|Ask||10,180.00 x 0|
|Day's range||9,968.00 - 10,190.00|
|52-week range||7,220.00 - 10,210.00|
|Beta (5Y monthly)||0.75|
|PE ratio (TTM)||45.17|
|Earnings date||12 Aug 2020|
|Forward dividend & yield||1.10 (1.09%)|
|Ex-dividend date||23 Apr 2020|
|1y target est||6,619.62|
"Political and economic uncertainty, as well as COVID-19, continue to dampen global industrial production growth forecasts, although we currently assume that conditions will begin to improve during the second half of the year," Chief Executive Officer Nicholas Anderson said. Spirax-Sarco estimates the coronavirus to hit its 2020 profit by 4% and sales by 2%, with nearly all the impact expected in the first half of the year. The company also expects business in China to return to normal levels by the end of the second quarter, with some recovery of lost business in the second half of the year.
Spirax Sarco, the global leader in steam system engineering and management, is among the prestigious list of presenters at the 8th annual American Food Sure Summit, taking place March 2 and 3, 2020, at the Westin Chicago River North hotel in Chicago, IL. Spirax Sarco’s presentation, scheduled for 1:50 p.m. on March 2, is titled When is Steam Clean? Mike Skidmore and Neil Davies, Market Development Executives for Spirax Sarco’s global and U.S. food and beverage divisions, will provide tips for understanding and controlling contamination risks that can negatively impact steam processes and end products.
Steam experts from Spirax Sarco will feature several of the company’s top products for improving hospital sterilization and steam processes at the AHR EXPO (#AHREXPO), February 3-5, 2020 at the Orange County Convention Center in Orlando, FL. Attendees are invited to Booth #1989 to get a close-up look at some of Spirax Sarco’s newest products, discuss their steam challenges, and to learn how to eliminate costly reprocessing in sterilization. This exciting new release will help customers resolve a well-known industry problem and minimize the risks associated with poor sterilization.
Spirax Sarco US announces the addition of stainless steel to its Spira-trol™ line of modular control valves, which ship in four days or less through the company’s Quick Ship program. “The addition of stainless steel to the Spira-trol Quick Ship program enables us to offer the benefits of fast order turnaroundand ‘plug and play’ installation in a material that offers superior corrosion resistance for demanding environments and applications,” according to Spira-trol product manager, Chris Glass. Chris Glass added that the program, now in its second year, has proven popular with Spirax Sarco distributors.
Steam experts from Spirax Sarco will feature several of the company’s top products for improving pharmaceutical steam processes at the ISPE 2019 Annual Meeting & Expo (#ISPEAM19), October 27-30 at Caesar’s Palace in Las Vegas, NV. Attendees are invited to Booth 207 to get a close-up look at some of Spirax Sarco’s best-selling products, discuss their steam challenges and get tips on engineering and operational best practices. At noon on Monday, October 28, Spirax Sarco Research Manager Jeremy Miller will take the expo hall’s Discovery Stage to deliver a presentation on Inline Monitoring of Steam Dryness.
Blythewood, SC, Sept. 24, 2019 -- Blythewood, SC – September 23, 2019 – Spirax Sarco USA has expanded its product line to include a compact, steam-to-water heat exchanger.
Spirax Sarco USA will host a live, 30-minute webinar for food and beverage manufacturers, focusing on the importance of steam quality in their production processes, on Tuesday, August 27th at 1 p.m. EDT. “Mitigating the Risks in Your Food & Beverage Steam Process” is open to anyone in the industry looking for tips and best practices to help ensure that their products are both safe and palatable. The webinar’s presenters are Spirax Sarco steam experts Mike Skidmore and Neil Davies. Skidmore is Market Development Executive for Spirax Sarco’s UK food and beverage industry and provides worldwide support for industry steam and thermal energy applications, food quality and safety, and market trends.
Shares of the company fell about 5% to 81.80 pounds in early trading as Spirax's downbeat forecast overshadowed a better-than-expected first-half. The valve maker said sales would drop at its steam specialties business partly due to the "non-repeat nature" of some of its sources of growth in the first half, which included several large orders in China and Korea, a Brexit stock build and a stronger-than-expected currency devaluation in Argentina. The latest 2019 forecast for global industrial production growth is at 1.6%, compared with the 3.1% growth posted in 2018, Spirax said.