Industry Reports Archives

FOCUS Carrier-Focused Telecom Technology Quarterly: Spring 2023 Report

FOCUS Carrier-Focused Telecom Technology Quarterly: Spring 2023 Report

Richard Pierce2024-01-22T11:03:53+00:00Downloads, Industry Reports, Telecom Technologies & Services|

After posting a solid gain in our winter report, the FOCUS Carrier-Focused Telecom Technology Index (CFTTI) dropped 2.2% in our spring reporting period. This was slightly better than the 2.7% drop in the S&P 500, but worse than the 0.1% decline in the NASDAQ. The EFTTI is also down nearly 14% compared to this time last year. Over this time period, the EFTTI lagged the 9.2% decline in the S&P 500 but outperformed the 16.7% drop in the NASDAQ. Sector multiples are also lower than they were at this time last year. The sub sector revenue multiple dropped sharply from 2.5x to 2.1x, while the sector EBITDA multiple posted a more modest decline as it fell from 11.9x to 10.6x.

FOCUS Enterprise-Focused Telecom Technology Quarterly: Winter 2023 Report

FOCUS Enterprise-Focused Telecom Technology Quarterly: Winter 2023 Report

Richard Pierce2024-01-22T11:03:48+00:00Downloads, Industry Reports, Telecom Technologies & Services|

The FOCUS Enterprise-Focused Telecom Technology Index (EFTTI) experienced another disappointing reporting period with a three-month drop of 2.4%. This loss was in stark contrast to the broader indices as the S&P 500 and NASDAQ were up 5.3% and 5.4%, respectively. The EFTTI is also trading 19.0% below the levels of a year ago. This significantly underperformed the 9.7% loss in the S&P 500 but was roughly in line with the 18.7% decline in the NASDAQ. Sector multiples closed out the period at 4.6x revenue and 19.5x EBITDA. Both of these are lower than the corresponding multiples of a year ago of 6.1x revenue and 23.4x EBITDA.

Business Services 2022 M&A Report

Business Services 2022 M&A Report

John W. Grady2024-02-12T23:10:18+00:00Business Consulting Services, Business Process Outsourcing, Industry Reports|

Business Services middle market mergers & acquisitions slowed in 2022, at least compared to 2021's record and probably unrepeatable volume.

Supply Chain Technology and Logistics Index – Second Half 2022

Supply Chain Technology and Logistics Index – Second Half 2022

Eric M. Oganesoff2024-02-14T04:19:20+00:00Industry Reports, Supply Chain|

In our Second Half 2022 report we discuss some of the major trends we are seeing in the market, and report on the M&A activity in the overall Supply Chain market. As before, we focus our public company analysis on the Supply Chain Technology and Supply Chain Logistics companies featuring key participants in each sector. Also, included is the list of 283 North American Supply Chain M&A transactions that have taken place since mid-2022.

FOCUS Telecom U.S. Communications Service Provider Quarterly: Winter 2023 Report

FOCUS Telecom U.S. Communications Service Provider Quarterly: Winter 2023 Report

Richard Pierce2024-01-22T11:03:40+00:00Downloads, Industry Reports, Telecom Technologies & Services|

After losing more than 25% in our fall report, the FOCUS Communications Service Provider Index (CSPI) turned things around and managed to deliver a three-month gain of 10.0%. This was better than the three-month gain for the S&P 500 of 7.1% and far superior to the 1.0% loss in the NASDAQ. Even so, the CSPI’s year-over-year performance remains dismal with a drop of 34.3%. This underperformed both the 19.4% loss in the S&P 500 as well as the 33.1% drop in the NASDAQ over the 12-month period. Sub sector multiples also dropped considerably compared to this time last year, falling from 2.7x revenue and 7.6x EBITDA a year ago to 2.2x revenue and 6.2x EBITDA currently.

Baby Products 2022 Trends

Baby Products 2022 Trends

Leah White2024-01-22T11:03:40+00:00Consumer, E-commerce, Industry Reports|

Middle market business fundamentals remain strong, although some companies are starting to show caution. Revenue growth and hiring have been robust, although companies continue to face challenges in finding skilled workers. There remains a strong appetite for quality deals as valuations have declined slightly. Private equity firms still have about $1 trillion of “dry powder” and appear impatient to put some of that to work. M&A volume moderated slightly in the second half of 2022 and appears unlikely to duplicate 2021’s record pace, but is on track for another strong year.

FOCUS Telecom Business Services Quarterly: Winter 2023 Report

FOCUS Telecom Business Services Quarterly: Winter 2023 Report

Richard Pierce2024-01-22T11:03:38+00:00Downloads, Industry Reports, Telecom Technologies & Services|

After two straight periods of decline, the FOCUS Telecom Business Services Index (TBSI) rebounded in our winter reporting period to deliver a strong three-month gain of 15.0%. This handily outperformed both the 7.1% gain in the S&P 500 and the 1.0% drop in the NASDAQ over the corresponding time period. Even with this period’s gains, the TBSI remains in the red for the full 12-month period with a loss of 11.5%. On the bright side, this still outperforms the 19.4% drop in the S&P 500 and the 33.1% drop in the NASDAQ over the past year. Sector multiples are lower than they were a year ago, but only by the narrowest of margins. The sector revenue multiple slipped from 1.0x to 0.9x, while the sector EBITDA multiple inched down from 11.0x to 10.9x.

FOCUS Carrier-Focused Telecom Technology Quarterly: Winter 2022 Report

FOCUS Carrier-Focused Telecom Technology Quarterly: Winter 2022 Report

Richard Pierce2024-01-22T11:03:29+00:00Downloads, Industry Reports, Telecom Technologies & Services|

The FOCUS Carrier-Focused Telecom Technology Index (CFTTI) gained 4.8% in the past three months. This com-fortably exceeded both the 3.2% gain in the S&P 500 and the 3.0% decline in the NASDAQ. Even with this period’s gain, the CFTTI is still down 11.9% year-over-year. This performance was slightly worse than the 10.7% decline in the S&P 500 over this same time period, but much better than the 26.2% loss in the NASDAQ. Sector multiples are lower than they were a year ago, but not by a wide margin. The CFTTI revenue multiple dipped from 2.5x to 2.3x, while the EBITDA multiple fell from 12.0x to 11.4x.

FOCUS Enterprise-Focused Telecom Technology Quarterly: Fall 2022 Report

FOCUS Enterprise-Focused Telecom Technology Quarterly: Fall 2022 Report

Richard Pierce2024-01-22T11:03:25+00:00Downloads, Industry Reports, Telecom Technologies & Services|

While its decline slowed somewhat this period, the FOCUS Enterprise-Focused Telecom Technology Index (EFTTI) continued its downward slide with a loss of 3.1% in the past three months.

FOCUS Telecom U.S. Communications Service Provider Quarterly: Fall 2022 Report

FOCUS Telecom U.S. Communications Service Provider Quarterly: Fall 2022 Report

Richard Pierce2024-01-22T11:03:18+00:00Downloads, Industry Reports, Telecom Technologies & Services|

Things went from bad to worse for the FOCUS Communications Service Provider Index (CSPI) this period as the sector plummeted 25.6%. This decline was significantly steeper than both the 5.3% decline in the S&P 500 and the 4.1% decline in the NASDAQ over the corresponding time period. The situation is also bleak for the full year period with the sector down slightly more than 45% over the past 12 months. Once again, this drastically underperformed the returns in the S&P 500 (down 16.8%) and the NASDAQ (down 26.8%). Sector multiples continued to fall, ending the period at 2.1x revenue and 6.0x EBITDA. This compares unfavorably to year-ago multiples of 2.9x revenue and 8.2x EBITDA.