The global construction industry experienced a 75% drop in company filings mentions of corporate governance in Q3 2023 compared with the previous quarter, with the highest share accounted for by Stanley Black & Decker with 3% year-on-year decrease, according to GlobalData’s analysis of over 738 construction company filings. GlobalData’s Construction: Filings Trends & Signals Q3 2023 report delves into earnings call transcripts and quarterly reports within the construction industry, extracting trends, signals, and comparative data to help businesses assess their performance, identify competitive intelligence, evaluate risks, and gain a comprehensive understanding of key industry events. Buy the report here.
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Notably, corporate governance was one of the most frequently referenced themes in Q3 2023, ranking highest in terms of mentions, ahead of robotics and renewable energy, according to GlobalData.
Of the top leading companies in the construction industry, Stanley Black & Decker had the greatest increase in references for corporate governance in Q3 2023, compared with the previous quarter. GlobalData identified 174 corporate governance-related sentences in the company's filings - 9% of all sentences - and a decrease of 3% in Q3 2023 compared with Q3 2022. Cummins’s mentions of corporate governance rose by 9% to 141 and Eaton Corporation’s by 223% to 42 and Parker Hannifin’s by 70% to 14 and 3M’s by 29% to 9.
GlobalData’s Company Filings Analytics also applies sentiment weight to reference sentences, based on whether the sentences are positive, negative, or neutral. Starting at 100 in 2020, an index over 100 is more positive. The overall index for corporate governance in Q3 2023 was 101.
For further understanding of GlobalData's Construction: Filings Trends & Signals Q3 2023, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Company Filings Analytics uses machine learning to uncover key insights and track sentiment across millions of regulatory filings and other corporate disclosures for thousands of companies across the world’s largest industries.
