CTT Systems AB (LTS:0GUO) Q3 2024 Earnings Call Highlights: Navigating Challenges with ...

GuruFocus.com10-28

Net Sales: Decreased 22% year-on-year to SEK57 million. Operating Profit (EBIT): Decreased 51% to SEK15 million; EBIT margin was 26%. Operating Cash Flow: SEK8 million. Earnings Per Share: Decreased ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2478450281?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-28 11:00","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2478450281","market":"us","top_or_hot":-1,"title":"CTT Systems AB (LTS:0GUO) Q3 2024 Earnings Call Highlights: Navigating Challenges with ...","media":"GuruFocus.com","content":"<div>\n<p>Net Sales: Decreased 22% year-on-year to SEK57 million.\nOperating Profit (EBIT): Decreased 51% to SEK15 million; EBIT margin was 26%.\nOperating Cash Flow: SEK8 million.\nEarnings Per Share: Decreased ...</p>\n\n<a href=\"https://finance.yahoo.com/news/ctt-systems-ab-lts-0guo-030024985.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CTT Systems AB (LTS:0GUO) Q3 2024 Earnings Call Highlights: Navigating Challenges with ...</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCTT Systems AB (LTS:0GUO) Q3 2024 Earnings Call Highlights: Navigating Challenges with ...\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-28 11:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/ctt-systems-ab-lts-0guo-030024985.html><strong>GuruFocus.com</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Net Sales: Decreased 22% year-on-year to SEK57 million.\nOperating Profit (EBIT): Decreased 51% to SEK15 million; EBIT margin was 26%.\nOperating Cash Flow: SEK8 million.\nEarnings Per Share: Decreased ...</p>\n\n<a href=\"https://finance.yahoo.com/news/ctt-systems-ab-lts-0guo-030024985.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CTT","symbol_name":"CatchMark Timber Trust Inc. Class A","start_time":0,"source_url":"https://finance.yahoo.com/news/ctt-systems-ab-lts-0guo-030024985.html","article_id":"2478450281","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2478450281","pubTimestamp":1730084424,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Net Sales: Decreased 22% year-on-year to SEK57 million.Operating Profit : Decreased 51% to SEK15 million; EBIT margin was 26%.OEM Sales: Increased by $5 million despite no deliveries to Boeing in September.Private Jet Sales: Declined 87% due to a strong comparable quarter last year.Booked Orders: SEK69 million versus SEK101 million in Q3 '23.Net Debt: Minus SEK13 million compared to minus SEK44 million in Q3 last year.Equity Ratio: 73%, same level as Q3 last year.Year-to-Date EBIT: Decreased 9% to SEK79 million; EBIT margin of 35%.Year-to-Date Cash Flow: SEK50 million compared to SEK86 million last year.Year-to-Date Earnings Per Share: SEK4.84 compared to SEK5.43 last year.Last Four Quarters Net Sales: Increased 1% to SEK299 million.Last Four Quarters EBIT: Increased 3% to SEK111 million.Last Four Quarters Earnings Per Share: Increased 3% to SEK7.08.GuruFocus has detected 2 Warning Signs with LTS:0GUO.CTT Systems AB  received its first order for an ACJ330neo kit system, marking progres","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"CTT":"CatchMark Timber Trust Inc. Class A","AB":"联博控股","BA":"波音"},"translate_title":"CTT Systems AB(LTS：0GUO)2024年第三季度收益看涨期权亮点：应对挑战...","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AB":1,"CTT":1,"BA":0.9},"content_text":"Net Sales: Decreased 22% year-on-year to SEK57 million.\nOperating Profit (EBIT): Decreased 51% to SEK15 million; EBIT margin was 26%.\nOperating Cash Flow: SEK8 million.\nEarnings Per Share: Decreased 52% to SEK0.98.\nOEM Sales: Increased by $5 million despite no deliveries to Boeing in September.\nAftermarket Sales: Dropped SEK13 million.\nPrivate Jet Sales: Declined 87% due to a strong comparable quarter last year.\nBooked Orders: SEK69 million versus SEK101 million in Q3 '23.\nBacklog: Decreased SEK32 million to SEK47 million.\nNet Debt: Minus SEK13 million compared to minus SEK44 million in Q3 last year.\nEquity Ratio: 73%, same level as Q3 last year.\nYear-to-Date Net Sales: Decreased 4% to SEK218 million.\nYear-to-Date EBIT: Decreased 9% to SEK79 million; EBIT margin of 35%.\nYear-to-Date Cash Flow: SEK50 million compared to SEK86 million last year.\nYear-to-Date Earnings Per Share: SEK4.84 compared to SEK5.43 last year.\nLast Four Quarters Net Sales: Increased 1% to SEK299 million.\nLast Four Quarters EBIT: Increased 3% to SEK111 million.\nLast Four Quarters Earnings Per Share: Increased 3% to SEK7.08.\n\n\nWarning! GuruFocus has detected 2 Warning Signs with LTS:0GUO.\n\nRelease Date: October 25, 2024\nFor the complete transcript of the earnings call, please refer to the full earnings call transcript.\n Positive Points \n\nCTT Systems AB (LTS:0GUO) received its first order for an ACJ330neo kit system, marking progress in the VIP sector.\nThe company signed an MOU with Liebherr Aerospace to offer humidification systems for Bombardier's Global 7500/8000, advancing in the business jet market.\nThere is a resurgence in the anti-condensation business, with potential retrofit orders for over 500 aircraft.\nDespite a decrease in net sales, OEM sales increased by $5 million, indicating strong demand in that segment.\nCTT Systems AB maintains a strong financial position with a net cash status and an equity ratio of 73%.\n\n Negative Points \n\nNet sales decreased by 22% year-on-year, primarily due to pushed orders and transitory destocking in the aftermarket.\nOperating profit (EBIT) decreased by 51% year-on-year, reflecting a significant drop in profitability.\nAftermarket sales dropped by SEK13 million, and private jet sales declined by 87%, impacting overall revenue.\nThe order backlog decreased by SEK32 million to SEK47 million, indicating a low level of future orders.\nThe company faces competition in the aftermarket, with some airlines switching to competitors due to pricing.\n\n Q & A Highlights \nQ: Can you clarify the impact of Boeing's production pause on your deliveries and when you expect to resume normal operations? A: We will restart deliveries to Boeing's 787 program in the first quarter of next year, as we already have those orders in place. There is no expected lag in resuming deliveries.\nQ: How is the situation with Airbus regarding supply chain issues and matching build rates? A: The destocking effect for the A350 ended in Q2, and we had good deliveries in Q3, which will continue into Q4 and Q1.\nQ: What kind of customers are showing interest in your anti-condensation systems, and what is the potential for scaling up? A: Major European low-cost carriers like Jet2 and Transavia are interested, especially as they transition their fleets. We are also in discussions with a major low-cost carrier for retrofitting aircraft.\nQ: Has there been any change in the competitive landscape for your aftermarket products? A: We have not seen any impact from competitive threats on our Q3 results. The decline was due to destocking effects, not competition.\nQ: Can you provide an update on your progress with Bombardier and other potential partnerships in the private jet market? A: We are making progress with Bombardier, finalizing our offer with Liebherr. We are also in discussions with other manufacturers to replicate the ACJ concept for larger VIP jets.\nFor the complete transcript of the earnings call, please refer to the full earnings call transcript.This article first appeared on \nGuruFocus.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2478450281"}