Some Hiccups, but Intertek's First Half Passes the Test
Over the past two years, the market has witnessed an astounding rerating of Intertek stock, with shares rising almost 70% over the period. A new CEO, currency tailwinds, and a marketing strategy to highlight the high-growth nature of the company’s core products business, which generates almost 60% of revenue and 80% of operating profits, have all helped this cause. Investors have looked through the current malaise in Intertek’s commodity-based businesses and bought into the 5.5%-plus top-line gr...Intertek Group provides Assurance, Testing, Inspection and Certification (ATIC) services. Co.'s segments comprised of Products, Trade and Resources. Co.'s products-related division consists of business lines that are focused on quality and safety of physical components and products, as well reducing risk through assessing the operating process and quality management systems of its customers. Co.'s trade division consists of three Global business lines, Cargo & Analytical Assessment, Government & Trade Services, and Agriculture business. Co.'s resources division consists of two business lines, Industry Services, and minerals business.
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