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The Latest Breaking News from Supply chain

Barnes Slides Post Q1 Results, Surpasses Street Estimates

Barnes Group Inc. (NYSE:B) reported first-quarter FY22 sales growth of 4% year-over-year to $312.4 million, +6% on an organic basis, beating the consensus of $306.63 million. Operating income declined by 3.9% Y/Y to $31.11 million, and the margin was 10% down by 70 bps. Adjusted operating margin was 10.2%, down 50 bps. Industrial…

Benzinga

ResMed's Q3 Earnings Short Of Expectations, Profit Margins Contract

ResMed Inc's (NYSE:RMD) Q3 FY22 sales increased by 12% Y/Y (+14% on a constant currency basis) to $864.5 million, missing the consensus of $897 million. The revenue growth was driven by increased demand for sleep and respiratory care devices and an increased demand following an ongoing recall of rival Koninklijke Philips N.V. (NYSE:PHG) products. ResMed…

Benzinga

US Solar Industry Warns Against Slowdown Due To Tariffs On Solar Panel Imports

The U.S. solar industry cautioned against a significant slowdown in project installations in 2022 triggered by global supply chain disruptions and new U.S. tariffs on panel imports from Southeast Asia, Reuters reports. U.S.' lengthy investigation of the alleged tariff dodging by Chinese panel makers could lead them to implement the tariffs…

Benzinga

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UK Government delays checks on EU goods for a fourth time

Jacob Rees-Mogg claims change would lead to supply chain disruption and costs increasing by 71%

Insider UK

Eurozone faces stagflation as prices surge; Russia cuts interest rates as recession looms – as it happened

Rolling coverage of the latest economic and financial news, including growth figures from across the eurozone

The Guardian - UK

Apple's Q2 Exceeds Expectations Buoyed By Record Services Revenue, Authorizes $90B Stock Buyback

Apple, Inc. (NASDAQ: AAPL) delivered another strong quarter, just ahead of the intensification of supply chain issues due to COVID disruptions in China.

Benzinga

Roku Shares Gain After Q1 Revenue Beat, 1.1M incremental Active Accounts

Roku Inc (NASDAQ:ROKU) reported first-quarter FY22 revenue growth of 28% year-over-year to $733.7 million, beating the consensus of $718.31 million. Platform revenue increased 39% Y/Y to $647 million. In Q1, Roku added 1.1 million incremental Active Accounts to reach 61.3 million; Streaming Hours increased by 1.4 billion hours over the…

Benzinga

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Harley-Davidson Reports Six-Percent Revenue Increase In Q1 2022

Harley-Davidson posts six percent revenue growth in Q1 2022 despite supply chain challenges and rising production costs.

RideApart

3 Stocks to Buy as Supply Chain Issues Keep Improving

Supply chain disruptions are expected to persist for the rest of 2022 owing to extended COVID-19 lockdowns across several parts of China and the Russia-Ukraine war. However, the Global Supply Chain Pressure Index points to an easing in supply chain pressure since December 2021. If the disruptions continue easing, Honda…

StockNews.com

Church & Dwight Q1 Earnings Top Estimates; Warns On Inflation Pressures

Church & Dwight Co Inc (NYSE:CHD) reported first-quarter FY22 sales growth of 4.7% year-on-year to $1.297 billion, marginally beating the consensus of $1.290 billion. Organic sales grew 2.7%, driven by a positive product mix and pricing of 7.8%, offset by a volume decline of -5.1%, reflecting the impact of continued supply chain disruption…

Benzinga

Keurig Dr Pepper's Q1 Bottom-Line Matches Street View; Affirms FY22 Adjusted EPS Outlook

Keurig Dr Pepper Inc (NASDAQ:KDP) reported first-quarter FY22 sales growth of 6.1% year-on-year to $3.08 billion, above the consensus of $3.01 billion. Net sales growth was driven by favorable net price realization of 6.3%, slightly offset by a lower volume/mix of 0.2%. On a two-year basis, constant currency net sales advanced 17.5% versus…

Benzinga

Why Stanley Black & Decker Shares Are Trading Lower Today

Stanley Black & Decker, Inc. (NYSE:SWK) reported first-quarter FY22 revenue growth of 20% year-over-year to $4.45 billion, led by acquisitions and price realization, missing the consensus of $4.65 billion. Volume fell 6%, constrained by temporary electronic component supply challenges. Adjusted EPS decreased to $2.10 compared to $2.85 in 1Q21, beating the consensus of…

Benzinga

McDonald's Shares Gain on Q1 Earnings Beat, Global Comp Sales Growth

McDonald’s Corp (NYSE:MCD) reported first-quarter FY22 sales growth of 11% year-on-year to $5.67 billion, beating the consensus of $5.59 billion. Global comparable sales rose 11.8%, with 3.5% growth in the U.S. Digital systemwide sales exceeded $5 billion, representing over 30% of total systemwide sales in the company's top six markets. Sales by company-operated…

Benzinga

Airbus Steps Up Monitoring Chinese Supply Chain: Reuters

Airbus SE (OTC:EADSY) is tightening monitoring of its Chinese supply chain following the increased disruption caused by recent pandemic lockdowns, Reuters reported, citing Airbus Chief Executive Guillaume Faury. "The whole worldwide supply chain is complicated at the moment," he mentioned at a news briefing in his capacity as head of France's Gifas…

Benzinga

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Benzinga

Nokia Clocks 5% Revenue Growth In Q1 Amid Strong Demand Offset By Supply Chain, Inflation Challenges

Nokia Corp (NYSE:NOK) reported a first-quarter FY22 net sales growth of 5% year-on-year (1% in constant currency) to €5.35 billion. Network Infrastructure grew 9% Y/Y in CC, driven by solid demand in Fixed and Submarine Networks. Cloud and Network Services grew 5% Y/Y in CC with strength in Core Networks. Mobile Networks declined…

Insider UK

Re-invest ScotWind windfall to improve supply chains, government told

New documents show that almost £25.5bn in ScotWind commitments have been outlined by developers

Asharq Al-Awsat

Nokia's Quarterly Profit Beats on 5G Demand

Telecom equipment maker Nokia reported stronger-than-expected quarterly operating profit on Thursday helped by higher demand for 5G gear despite supply chain constraints. First-quarter comparable operating profit rose to 583 million euros ($613 million) from 551 million last year, beating the 513 million euro mean forecast of eleven analysts polled by…

Reuters

Inflation shock, rate rise risk jolt Australia PM's election campaign

Australian Prime Minister Scott Morrison on Thursday blamed the war in Ukraine and COVID-related supply chain disruptions for a record rise in living costs which could jeopardise his chances of winning a national election to be held within weeks.

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RideApart

Polaris Profits Plummet By 48 Percent In Q1 2022

Polaris’ Q1 2022 sales figures and a 48-percent profit loss prove that the company is still coping with pandemic-induced supply chain woes.

Benzinga

LG Display Clocks 6% Revenue Decline In Q1; Panel Shipments Decline Amid Demand Shrink, China Lockdown

LG Display Co, Ltd (NYSE:LPL) reported a first-quarter FY22 revenue decline of 6% year-on-year to KRW 6.47 trillion. The EBITDA decreased 25.2% Y/Y to KRW 1.2 trillion. LG Display saw a decrease in panel shipments in the quarter due to low seasonality, industry demand shrink, and a continuous decline in LCD panel prices.…

StockNews.com

2 EV Stocks That Remain Strong Sells

Despite its promising growth prospects, the electric vehicle (EV) industry is expected to remain under immense pressure for the foreseeable future owing to rising raw material costs and global semiconductor and other supply chain constraints that have been exacerbated by the Russia-Ukraine war. So, we think it could be wise…

Benzinga

Trinity Industries Stock Slides On Q1 Miss, Downbeat FY22 Outlook

Trinity Industries Inc (NYSE:TRN) reported first-quarter FY22 revenue growth of 42.9% year-over-year to $472.7 million, missing the consensus of $491 million. Adjusted EPS improved to $0.03 from $0.01 in 1Q21, missing the consensus of $0.16. Adjusted operating profit declined 5.5% Y/Y to $48.4 million, and margin contracted by 524 bps to 10.2%.…

Benzinga

Wabtec Clocks 5% Sales Growth In Q1, Reiterates FY22 Guidance

Westinghouse Air Brake Technologies Corp (NYSE:WAB) (Wabtec) reported first-quarter FY21 net sales growth of 5.3% year-over-year to $1.93 billion, missing the consensus of $1.98 billion. Adjusted EPS of $1.13 (+27% Y/Y) topped the consensus of $1.12. The gross margin expanded by 170 bps to 30.9%. The adjusted gross margin was 31.1%, up by…

Benzinga

Oshkosh Q1 Tops Street View; Cuts FY22 Outlook On Inflationary Pressures, Supply Chain Woes

Oshkosh Corp (NYSE:OSK) reported first-quarter FY22 sales growth of 3% year-on-year, to $1.95 billion, beating the consensus of $1.88 billion. Sales from the Access Equipment segment increased 19.6% Y/Y, the Defense segment fell 12.9%, and Fire & Emergency declined 7.9%. Gross margin for the quarter contracted by 630 basis points Y/Y to 10.3%.…

Benzinga

Harley-Davidson Clocks 5% Revenue Growth In Q1; Margin Shrinks Due To Supply Chain Constraints

Harley-Davidson Inc (NYSE:HOG) reported first-quarter FY22 sales growth of 5% year-on-year to $1.49 billion. Revenue from the Motorcycles and Related Products segment (HDMC) was $1.3 billion, up 6% Y/Y. Harley-Davidson's EPS of $1.45 was in line with the analyst consensus. Revenue from Motorcycles increased 4%, Parts & Accessories rose 11%, Apparel climbed 2%,…

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