The Latest Breaking News from Supply chain

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 · Apr 28, 2022

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 · Apr 28, 2022

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 · Apr 28, 2022

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 · Apr 27, 2022

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 · Apr 27, 2022

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 · Apr 27, 2022

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 · Apr 27, 2022

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 · Apr 27, 2022

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 · Apr 27, 2022

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 · Apr 27, 2022