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Showing research about Quote Watch

20210225-biome-corp

bioMérieux expands test kit supplies, faces higher freight costs

Medical testing supplier bioMérieux reported Q4’20 revenues which rose by 14.2% year over year, helped by its COVID-19 testing product range. The firm expects a similar rate of growth in 2021. Panjiva’s data shows U.S. seaborne imports linked to the firm rose by 27.3% year over year in Decembe... Read more →

20210225-matson-financial

Amazon, Sonos drive higher volumes for Matson

Container line Matson reported Q4’20 revenue which expanded by 29.5% as the result of a 139.1% jump in shipments handled on China-U.S. lanes linked to a new expedited service. The firm expects more of the same with “supply and demand dynamics in (the) transpacific trade lane to remain largely ... Read more →

20210224-dana-corp

Dana faces expedited freight costs from supply chain bullwhip

Dana Inc. reported Q4’20 revenue growth of 6.1% year over year on the back of “strong demand for light vehicles”, beating consensus estimates by 8.7 percentage points. U.S. imports linked to the firm increased by 6.4% over the same period. That’s not been without costs with CFO Jonathan Collin... Read more →

20210224-crocs-corp

Crocs, Birkenstock run ahead as casual leads footwear trade growth

Footwear maker Crocs reported Q4’20 revenue growth of 56.5% year over year and expects a further expansion of 40% to 50% in Q1’21. Crocs’ growth, which has far outstripped the footwear sector, has been driven by its provision of casual footwear during the pandemic though the firm’s CEO, Andrew... Read more →

20210223-wallenius-macro

Wallenius Wilhelmsen left behind as U.S. vehicle shipping recovers

Wallenius Wilhelmsen has reported a 12.0% slide in Q4’20 revenues after a decline in roll-on, roll-off ferry shipping volumes and rates. Better times may be ahead as the firm has noted that there is “a rebound in volumes anticipated to come close to pre-COVID19 levels during 2021” which, when ... Read more →

20210223-deere-corp

Deere faces higher freight costs as farm machinery demand booms

Tractor maker Deere & Co. reported FY1’21 (to Jan. 31) revenues which climbed 23.3% year over year, beating analysts’ estimates by 13.0 percentage points on improved conditions in the agricultural produce sector. The latter has been helped by the U.S.-China phase 1 trade deal that is likely to... Read more →

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