Please join us for a black book call on tax reform in the Industrials & Materials sector today, December 8th @10AM ET.
We are teaming up with our Policy colleagues to lay out a framework for the impact of tax reform on specific parts of our coverage. While many investors assume that tax reform will be a universal positive for Industrials and Materials companies, we see it is as much ‘deforming’ as ‘reforming’. Getting the tax reform investment strategy right should be the key alpha driver in the next couple of quarters.
Highlights
- Survey Data, Field Work: We will show data on activity pulled into 2017, and provide some color from our conversations with companies.
- Activity Timing: Purchase activity has likely shifted periods, most commonly pulling demand into 4Q17 – a reality management teams may not appreciate in year-end calls.
- Cost Cut Retention: Some industries are better positioned to retain the benefit of corporate tax reform than others.
- Demand Impact Critical: Tax reform’s impact on certain equipment categories varies enormously – it doesn’t necessarily increase required fleet sizes or investment plans.
Participating Dialing Instructions
Toll Free:
Toll:
UK: 0
Confirmation Number: 13674119
