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The Latest Breaking News from Supply chain

Masimo Posts Better Than Expected Q1 Earnings Despite 'Unexpected' Supply Chain Issues

Masimo Corp's (NASDAQ:MASI) Q1 revenue increased 1.7% Y/Y (+3.2% on a constant currency basis) to $304.2 million, beating the consensus of $303.83 million. Excluding handheld and fingertip pulse oximeters, shipments of noninvasive technology boards and instruments were 75,700 in Q1 of 2022. The adjusted operating margin remained unchanged at 22.9%. The company reported…

Benzinga

Generac Stock Gains On Solid Q1, Raised FY22 Sales Growth Outlook

Generac Holdings Inc (NYSE:GNRC) reported first-quarter FY22 sales growth of 41% year-on-year to $1.14 billion, beating the consensus of $1.09 billion. Residential product sales grew 43% to $777 million, and Commercial & Industrial (C&I) product sales increased 38% to $279 million. Domestic segment sales increased 39% to $964.7 million, and the International segment…

Benzinga

Leonardo discusses Somerset Covid recovery at manufacturing event

The defence firm hosted firms from its UK supply chain near its Yeovil hub

Birmingham Post

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EXCLUSIVE: Cannatech Co. Lucid Green Expands COA Integrations To Hundreds Of Testing Labs Nationwide

Lucid Green is teaming up with three new cannabis testing labs and lab information systems (LIMS) to expand the full digitization of Certificates of Analysis (COAs) in the cannabis supply chain.

Benzinga

Taiwan cracks down on China poaching tech talent

Taipei is ramping up efforts to stem brain drain in semiconductor industry as officials warn of a ‘red supply chain’.

Al Jazeera

Inflation challenges rising for Scottish firms

Supply chain issues also predicted to pose significant challenges for the rest of 2022

Insider UK

Hormel Foods vs. Campbell Soup: Which Stock is a Better Buy?

Despite the rising prices of packaged food products due to intensifying supply chain disruptions, Hormel Foods (HRL) and Campbell Soup (CPB) should benefit substantially from surging demand. But which of these stocks is a better buy now? Read more to learn our view.

StockNews.com

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Standard Motor Q1 Earnings Top Estimates; Cautiously Optimistic For Rest Of 2022

Standard Motor Products Inc (NYSE:SMP) reported first-quarter FY22 sales growth of 16.7% year-on-year to $322.83 million, beating the consensus of $304.30 million. Engine Management segment revenue rose 12.8% Y/Y, and Temperature Control segment sales gained 30.2%. Gross profit rose 7.2% Y/Y to $89.8 million with a gross margin of 27.8%. The operating margin…

Benzinga

Why Zebra Technologies Shares Are Trading Lower Today

Zebra Technologies Corp (NASDAQ:ZBRA) reported first-quarter FY22 net sales growth of 6.3% year-on-year to $1.43 billion, beating the consensus of $1.37 billion. Consolidated organic net sales for the quarter increased 5.4%. Net sales in the Enterprise Visibility & Mobility (EVM) segment rose 12.7% Y/Y to $1.04 billion. Asset Intelligence & Tracking (AIT) segment…

Benzinga

Kopin Q1 Top-Line Misses Due To Supply Chain Crisis Which Are Likely To Persist

Kopin Corp (NASDAQ:KOPN) reported a flattish first-quarter FY22 revenue year-on-year of $11.6 million, missing the consensus of $12.03 million. Revenues from Defense Applications declined 4% Y/Y to $4.8 million, while Industrial/Enterprise Applications decreased 25% Y/Y to $1.5 million. Product revenues declined 14% Y/Y to $6.51 million, while R&D revenues grew 37.8% Y/Y to…

Benzinga

Tim Hortons, Burger King Parent Clocks Strong Performance In Q1

Restaurant Brands International Inc (NYSE:QSR) (TSX:QSR) reported first-quarter FY22 sales growth of 15.1% year-on-year to $1.45 billion, beating the consensus of $1.41 billion. Comparable Sales for Tim Horton rose 8.4%, Burger King increased 10.3%, and Popeyes Louisiana Kitchen fell 3%. Revenue for Tim Horton's climbed 16.8% Y/Y, Burger King rose 9%, and Popeyes…

Benzinga

Estee Lauder Cuts Annual Sales Forecast on China COVID Curbs, Ukraine Crisis

Estee Lauder Cos Inc cut its full-year sales forecast on Tuesday, as fresh COVID-19 restrictions in China and Russia's invasion of Ukraine dampen demand for the cosmetics maker's luxury products. The company's shares were down 9% in pre-market trading on low volumes. The maker of MAC lipsticks and Bobbi Brown…

Asharq Al-Awsat

McColl’s suspends shares as rescue talks delay results

The convenience chain store is desperately trying to avoid collapse as supply chain issues, inflation and high debt weigh on the business

Evening Standard

SRJ's £73 million takeover of STATS UK falls through

Decision is the result of market volatility caused by underlying macro, geopolitical and supply chain events

Insider UK

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Tribune News Service

US manufacturing gauge unexpectedly falls to lowest since 2020

A measure of U.S. manufacturing activity unexpectedly dropped in April to the lowest level since 2020 as growth in orders, production and employment softened.

StockNews.com

Is XPeng a Buy at $25?

Chinese electric vehicle (EV) manufacturer XPeng (XPEV) reported a 75% year-over-year increase in its EV sales last month. However, the persisting supply chain issues threaten to disrupt its production capabilities. The stock has declined about 16% over the past month, closing the last session at $24.61. So, will it be…

Benzinga

Akoustis Registers 83% Revenue Growth In Q3; Adds Another Tier-1 5G Mobile RF Module Customer

Akoustis Technologies, Inc (NASDAQ:AKTS) reported third-quarter FY22 revenue growth of 83% year-on-year (25% Q/Q) to $4.61 million, missing the consensus of $4.70 million. Non-GAAP EPS loss of $(0.27) missed the consensus loss of $(0.22). Akoustis held $55.9 million in cash and equivalents. CEO Jeff Shealy stated, "Despite the persistent macro headwinds presented by…

The Guardian - US

‘What am I going to do?’: soaring prices fuel calls for US government to step in

Large corporations are passing on higher-than-needed price increases to customers under the cover of inflation, war and supply chain squeezes, experts say

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Benzinga

RBC Capital, BMO Boost Toromont Industries Price Target

Toromont Industries Ltd (TSX:TIH) (OTC:TMTNF) price target has been raised to C$130 from C$126 by BMO Capital analyst Devin Dodge with an Outperform rating for the shares. Dodge stated that the demand backdrop remains very favorable for Toromont, and they expect activity levels in TIH's territories to gain momentum through 2022. Supply chain challenges tempers…

StockNews.com

3 Trucking Stocks to Avoid with Increasing Fears of Oversupply and Recession

Supply chain disruptions have led to rising trucking rates, and those rising rates have been attracting more supply. Furthermore, many analysts expect the economy to suffer a recession due to aggressive interest rate hikes and rising geopolitical tensions. With the possibility of oversupply and recession, we think it could be…

Benzinga

CalAmp Shares Soar On Upbeat Q4

CalAmp Corp (NASDAQ:CAMP) reported a fourth-quarter FY22 revenue decline of 16.6% year-on-year to $68.38 million missing the consensus of $68.43 million. Software & Subscription Services revenue rose 18.9% Y/Y to $41.2 million. Total S&SS subscribers were 1.1 million, up 11% Y/Y. Telematics Products revenue declined 42.6% Y/Y to $27.1 million. Due to continuing…

Benzinga

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…

Insider UK

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%

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