Tariff Quote Watch: Fastenal Margins Tighten Despite Duty-Driven Price Rises July 15, 2019 Fastenal has stated that price rises “as one element of our strategy to offset tariffs” have not been able to also offset wider cost increases. As a result the industrial distributor’s EBITDA margin dropped to 22.8% in 2Q from 23.9% a year earlier. Price rises are the most widely used corporat... Read more →
Panjiva Daily: Trump’s tariff fingerprints; BASF blames duties for downgrade July 15, 2019 U.S. seaborne imports in June saw their first non-seasonal decline since Jun. 2016 – tariffs are largely to blame with shipments from China down 9.8%. BASF has blamed its earnings downgrade on the indirect impact of the trade war. Also: Fastenal margins tighten despite duty-driven price rises;... Read more →
Tariff Quote Watch: Fastenal’s 172 Day Tariff Journey Leads to Delayed Tariff Impact January 20, 2019 Construction equipment supplier Fastenal’s CEO, Daniel Florness, has stated he is “encouraged about Read more →
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