WBAG:ANDRMachinery
Andritz (WBAG:ANDR) Stock Eyes Backlog Strength After Profit Beat
Andritz stock came into this earnings print on a steady climb, with the share price at €81.20 after a strong three month run. The headline today is simple: the company posted another heavy duty quarter in its core engineering businesses with Q2 revenue of €2,054.7m and basic earnings per share of €1.11.
The short term reaction will focus on that profit line. Longer term investors will likely pay closer attention to the reinforced guidance, the record order backlog and a trailing P/E of 17.1x...