The global mining industry experienced an 89% drop in company filings mentions of COVID-19 in Q3 2023 compared with the previous quarter, with the highest share accounted for by Eaton Corporation with 38% year-on-year increase, according to GlobalData’s analysis of over 341 mining company filings. GlobalData’s Mining: Filings Trends & Signals Q3 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 Q3 2023, ranking highest in terms of mentions, ahead of ecommerce and environment, according to GlobalData.
Of the top leading companies in the mining industry, Eaton Corporation had the greatest increase in references for COVID-19 in Q3 2023, compared with the previous quarter. GlobalData identified 18 COVID-19-related sentences in the company's filings - 1% of all sentences - and an increase of 38% in Q3 2023 compared with Q3 2022. Parker Hannifin’s mentions of COVID-19 dropped by 64% to 12 and Cummins’s by 85% to 7 and Sandvik’s by 400% to 5 and Caterpillar’s by 25% to 3.
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 Q3 2023 was 182.
For further understanding of GlobalData's Mining: Filings Trends & Signals Q3 2023, buy the report here.