Weg SA (OTCPK:WEGZY)

$ 9.399 -0.271 (-2.8%) Market Cap: 39.43 Bil Enterprise Value: 38.99 Bil PE Ratio: 42.72 PB Ratio: 11.46 GF Score: 95/100

Q3 2024 WEG SA Earnings Call Transcript

Oct 31, 2024 / 02:00 PM GMT

Release Date Price: $9.4 (-0.16%)

Transcript

Key Points

Positve

Weg SA (WEGZY) reported a 29% growth in EBITDA, with the margin improving to 22.6% compared to the same period last year.
The company saw strong sales growth in the air conditioning and motor pool pump segments, as well as in the paints and varnishes sector, particularly in the Mexican operations.
Weg SA (WEGZY) announced the acquisition of Volt Electric Motors, a Turkish manufacturer, which is expected to enhance their industrial and commercial electric motors segment.
The company is expanding its production capacity, with significant investments in Brazil and Mexico, particularly in the motor and transformer factories.
Positive outlook for the T&D market in North America and good performance in the generation business, contributing to revenue growth.

Negative

There was a drop in revenue from wind turbines and solar segments due to reduced order books and lower solar panel costs.
The company experienced increased SG&A expenses, partly due to the consolidation of Marathon's industrial motors and generators.
Freight costs have been rising, impacting overall sales expenses.
The effective tax rate is expected to remain higher as the one-off benefits from Switzerland last year will not be repeated.
Margins were slightly impacted by the integration of Marathon businesses, which have lower margins compared to Weg SA (WEGZY)'s average.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

WEGE3.SA - WEG SA
Q3 2024 WEG SA Earnings Call
Oct 31, 2024 / 02:00PM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
And by the recognition of tax incentives record, excluding the effect, Broadcom would have been 34.3%.

Now I'll turn the floor to address and there are so that we can carry on with the presentation.

Thanks and good morning, everyone.

On slide 5, I show you that development of revenue in our business areas in Brazil and destructive to be positive with a pickup in demand for short-cycle equipment such as electric motors and gearboxes, despite fluctuations in deliveries of long-cycle equipment projects such as touch, electric motors and automation panels.

Gtt positive quarter for the T&D business, mainly driven by deliveries of large transformers and substations for projects connected to transmission auctions and

Already have an account? Log in

Get the full story

Start 7-Day Free Trial

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

30-Day 100% money back guarantee

You are not charged until the trial ends. Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App 中文

Education

Financial Glossary Tutorials FAQ Schedule Free Session Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Site Map Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.