The global mining industry experienced a 76% drop in company filings mentions of COVID-19 in Q4 2023 compared with the previous quarter, with the highest share accounted for by CNH Industrial with 60% year-on-year increase, according to GlobalData’s analysis of over 473 mining company filings. GlobalData’s Mining: Filings Trends & Signals Q4 2023 report delves into earnings call transcripts and quarterly reports within the mining 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.
Notably, COVID-19 was one of the most frequently referenced themes in Q4 2023, ranking highest in terms of mentions, ahead of sharing economy and shale, according to GlobalData.
Of the top leading companies in the mining industry, CNH Industrial had the greatest increase in references for COVID-19 in Q4 2023, compared with the previous quarter. GlobalData identified eight COVID-19-related sentences in the company's filings - 0.9% of all sentences - and an increase of 60% in Q4 2023 compared with Q4 2022. Parker Hannifin’s mentions of COVID-19 dropped by 69% to 5 and Caterpillar’s by 25% to 3 and Eaton Corporation’s by 57% to 3 and Atlas Copco’s by 100% to 2.
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 COVID-19 in Q4 2023 was 145.
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For further understanding of GlobalData's Mining: Filings Trends & Signals Q4 2023, buy the report here.
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