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The Latest Breaking News from Supply chain

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…

Asharq Al-Awsat

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.

Reuters

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.

RideApart

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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.…

Benzinga

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…

StockNews.com

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

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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%,…

Benzinga

War in Ukraine has intensified food supply chain problems, MSPs told

Holyrood’s Rural Affairs, Islands and Natural Environment Committee heard about the problems facing Scotland’s farming sector.

The Independent UK

China Lockdowns Pose Earnings Risk For Major Industrial Stocks and Autos like Tesla

Industrial firms warned against China's strict COVID-19 curbs, intensifying supply chain disruptions and rising uncertainty about the business outlook, Reuters reports. Even as companies shuffled to keep up with soaring costs of everything from labor to raw materials, the Russian invasion of Ukraine and related Western sanctions drove up energy prices.…

Benzinga

Tesco, Morrisons and Waitrose introduce new rule due to supply chain problems

Tesco is allowing three coking oil items per customer while Waitrose and Morrisons have placed limits of just two items each, in what they are calling a temporary measure to 'ensure availability'.

Edinburgh Live

Revealed: top US corporations raising prices on Americans even as profits surge

A Guardian analysis uncovers how companies enriched themselves and their investors while boasting about jacking up prices

The Guardian - US

How should Joe Biden and Democrats address inflation before November? Experts respond

If president can’t get control of inflation and help working families, ‘Trump will have a certain “I told you so” vote’ in 2024

The Independent UK

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Benzinga

Juniper Networks Stock Slides On Mixed Q1 Earnings, In-line Q2 Outlook, Supply Chain Issues

Juniper Networks, Inc. (NYSE:JNPR) reported first-quarter revenue growth of 9% year-over-year to $1.17 billion, beating the consensus of $1.16 billion. The operating margin grew to 5% in Q1 from 2.6% last year. The adjusted operating margin was 11.8%, a decrease from 12.1% in 1Q21. Adjusted EPS declined to $0.31 from $0.56 a…

StockNews.com

4 Medical Distributor Stocks That Deserve a Place in Your Portfolio

The rising demand for drugs and other medical products over the past few years has significantly increased the importance of healthcare distributors. Furthermore, the adoption of advanced and emerging technologies in the healthcare supply chain should help the medical distribution market grow robustly. So, we think the shares of fundamentally…

Benzinga

Why NFI Group Shares Are Falling Today

NFI Group Inc (TSX:NFI) (OTC:NFYEF) has been downgraded to Market Perform from Outperform by BMO Capital analyst Jonathan Lamers. The analyst also lowered the price target to C$15.50, from C$21. Lamers stated that he is concerned with downside risk to the company's 2022 guidance as supply chain challenges are unlikely to improve in the near…

StockNews.com

Daseke: A Growth Stock That's Undervalued

The price of shares of the premier North American transportation solutions specialist Daseke (DSKE) have gained in double digit percentage terms over the past year, outperforming the benchmark indexes. And as global supply chain disruptions continue, analysts expect DSKE's financials to improve in the coming months. We think that given…

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Benzinga

Why Are Polaris Shares Trading Lower Today

Polaris Inc (NYSE:PII) reported first-quarter FY22 sales of $1.96 billion, missing the consensus of $2.12 billion. Sales for the quarter remained relatively flat to last year, impacted by continued supply chain pressures. Sales from Off-Road Vehicles rose 2%, Marine climbed 6%, and On-Road segment fell 4%. Adjusted EPS of $1.29 missed the consensus…

Benzinga

General Electric Q1 Print Shows Strong Orders, But One Issue Continues

General Electric Company (NYSE: GE) reported its first quarter adjusted earnings above Street estimates. Although orders were strong, the company’s print was impacted by supply chain issues much more than anticipated, according to BofA Securities.

Axios

What Elon Musk's new side job could mean for Tesla

Tesla's on a hot streak, posting several quarters of record sales and profit despite the supply chain crunch.

Benzinga

UPS Stock Gains After Beating Q1 Estimates, Plans $2B Share Buyback In FY22

United Parcel Service, Inc.(NYSE:UPS) reported first-quarter FY22 revenue growth of 6.4% year-over-year to $24.4 billion, beating the consensus of $23.79 billion. U.S. Domestic Segment revenue increased by 8% Y/Y to $15.12 billion, driven by a 9.5% increase in revenue per piece. The adjusted operating margin was 11.3%, up by 83 bps.…

Benzinga

Entegris Registers 27% Revenue Growth In Q1 Aided By Growth Across All Divisions

Entegris, Inc (NASDAQ:ENTG) reported first-quarter FY22 sales growth of 27% year-on-year to $649.6 million, beating the consensus of $640.9 million. Revenue from Specialty Chemicals and Engineered Materials segment rose 17.9% Y/Y to $196.4 million; Microcontamination Control expanded 28.7% Y/Y to $266.6 million; Advanced Materials Handling improved 33.4% Y/Y to $198.1 million. Margins: The adjusted…

Benzinga

Lucid Green Secures $10M In Financing To Power Intelligent Cannabis UPC Platform

Lucid Green — the intelligent UPC platform transforming the entire cannabis supply chain — has announced its $10 million Series B funding round led by Gron Ventures, with participation by Gotham Green Partners.

Benzinga

BMW And Audi Reportedly Halt Shipments To China By Rail: What You Need to Know

The Russia-Ukraine crisis is continuing to affect the fortunes of automakers in more than one way. Alongside severely impairing the supply chain, the geopolitical tension is also seen casting a cloud on logistics.

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