The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how general industrial machinery stocks fared in Q4, starting with Illinois Tool Works (NYSE: ITW).

Automation that increases efficiency and connected equipment that collects analyzable data have been trending, creating new demand for general industrial machinery companies. Those who innovate and create digitized solutions can spur sales and speed up replacement cycles, but all general industrial machinery companies are still at the whim of economic cycles. Consumer spending and interest rates, for example, can greatly impact the industrial production that drives demand for these companies’ offerings.

The 14 general industrial machinery stocks we track reported a satisfactory Q4. As a group, revenues beat analysts’ consensus estimates by 3.3% while next quarter’s revenue guidance was in line.

Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 9.7% since the latest earnings results.

Illinois Tool Works (NYSE: ITW)

Founded by Byron Smith, an investor who held over 100 patents, Illinois Tool Works (NYSE: ITW) manufactures engineered components and specialized equipment for numerous industries.

Illinois Tool Works reported revenues of $4.09 billion, up 4.1% year on year. This print exceeded analysts’ expectations by 0.7%. Despite the top-line beat, it was still a slower quarter for the company with a significant miss of analysts’ EBITDA estimates and full-year EPS guidance slightly missing analysts’ expectations.

“ITW delivered a solid finish to the year, marked by more than four percent revenue growth and a seven percent increase in GAAP earnings per share. As a result of our disciplined execution across all seven segments, we expanded both operating margin and income to record levels in the quarter,” said Christopher O’Herlihy, President and Chief Executive Officer.

Interestingly, the stock is up 1.7% since reporting and currently trades at $268.68.

Read our full report on Illinois Tool Works here, it’s free.

Best Q4: Columbus McKinnon (NASDAQ: CMCO)

With 19 different brands across the globe, Columbus McKinnon (NASDAQ: CMCO) offers material handling equipment for the construction, manufacturing, and transportation industries.

Columbus McKinnon reported revenues of $258.7 million, up 10.5% year on year, outperforming analysts’ expectations by 5.3%. The business had an exceptional quarter with a solid beat of analysts’ EBITDA estimates and an impressive beat of analysts’ revenue estimates.

Although it had a fine quarter compared its peers, the market seems unhappy with the results as the stock is down 36.7% since reporting. It currently trades at $14.50.

Is now the time to buy Columbus McKinnon? Access our full analysis of the earnings results here, it’s free.

Weakest Q4: Albany (NYSE: AIN)

Founded in 1895, Albany (NYSE: AIN) is a global textiles and materials processing company, specializing in machine clothing for paper mills and engineered composite structures for aerospace and other industries.

Albany reported revenues of $321.2 million, up 12% year on year, exceeding analysts’ expectations by 16%. Still, it was a softer quarter as it posted a significant miss of analysts’ adjusted operating income estimates and a significant miss of analysts’ EBITDA estimates.

As expected, the stock is down 6.7% since the results and currently trades at $54.05.

Read our full analysis of Albany’s results here.

Otis (NYSE: OTIS)

Credited with inventing the first hydraulic passenger elevator, Otis Worldwide (NYSE: OTIS) is an elevator and escalator manufacturing, installation and service company.

Otis reported revenues of $3.80 billion, up 3.3% year on year. This print missed analysts’ expectations by 1.8%. It was a slower quarter as it also recorded a miss of analysts’ revenue estimates and a miss of analysts’ organic revenue estimates.

The stock is down 7.7% since reporting and currently trades at $83.62.

Read our full, actionable report on Otis here, it’s free.

Dover (NYSE: DOV)

A company that manufactured critical equipment for the United States military during World War II, Dover (NYSE: DOV) manufactures engineered components and specialized equipment for numerous industries.

Dover reported revenues of $2.10 billion, up 8.8% year on year. This number topped analysts’ expectations by 0.9%. Aside from that, it was a mixed quarter as it also produced a narrow beat of analysts’ organic revenue estimates but a significant miss of analysts’ adjusted operating income estimates.

The stock is flat since reporting and currently trades at $207.46.

Read our full, actionable report on Dover here, it’s free.

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