Latest news with #EMEA
Yahoo
an hour ago
- Business
- Yahoo
Marcolin Proves Resilient With Flat Sales, Profitability in H1
MILAN — Proving the resilience of the eyewear sector against a dampened macroeconomic landscape and downturn in luxury spending, revenues and profitability at Italian eyewear player Marcolin in the first half of 2025 were mostly flat. In the six months ended June 30, the Longarone, Italy-based company posted net sales of 295.7 million euros, down 0.6 percent at current exchange rates but up 0.3 percent in comparable terms, versus the first half of 2024. More from WWD Chairman Gildo Zegna on Group Strategies, Investments, Opportunities Ermenegildo Zegna Group Inks Agreement to Sell Stake to Temasek Jennifer Lopez Taps Into Tom Ford's Cutout Legacy With Suede Cage Heels in Poland These were mainly driven by the Europe, Middle East and Africa region, which contributed to the performance with a 7.3 percent jump in revenues at current exchange rates to 161.3 million euros. Meanwhile the Americas dropped 7.4 percent to 98.7 million euros compared to the first half of 2024. The company, which is privately owned, didn't disclose the revenue breakdown for the Asia-Pacific area beyond saying that it continues to 'represent a high potential area for the group, despite temporary deceleration attributable to different sourcing timing from large distributors, still recovering from the first quarter 2025.' The ongoing disruptions caused by geopolitical instability and shifting consumption patterns didn't dent the eyewear player's profitability, as it posted earnings before interest, taxes, depreciation and amortization of 52.3 million euros, or 17.7 percent of sales, substantially in line with EBITDA in the first half of 2024. In the first half, the company announced the renewals of key agreements with Max Mara, Guess, Adidas and Gant. As reported in May, it also inked a new four-year licensing agreement with Rag & Bone for the design, production and distribution of the brand's new line of premium sun and optical glasses. Other brands in the Marcolin's licensing portfolio include Tom Ford, Zegna, Christian Louboutin, MCM, Pucci, Timberland and K-Way, to name a few. As of June 30, the net adjusted financial position stood at 323.1 million euros, in line with the figure reported in 2024 year-end results. Marcolin's first-half performance reflects the eyewear sector's resilience and ability to buck the downturn. By comparison, Kering said Tuesday that its Kering Eyewear and corporate division posted a 3 percent increase in second-quarter organic sales, outperforming the French group's luxury brands that mostly experienced sales declines in the three months to June 30. On Monday, eyewear juggernaut EssilorLuxottica reported that adjusted revenues in the first half of 2025 were up 5.5 percent at current exchange rates to 14.02 billion euros. They jumped 7.3 percent at constant exchange rates, driven by the direct-to-consumer business and growth in sales of smartglasses. The French Italian group's operating profit amounted to 2.53 billion euros in the first half, with the adjusted operating margin stable at 18.3 percent of sales. Best of WWD Harvey Nichols Sees Sales Dip, Losses Widen in Year Marred by Closures Nike Logs $1.3 Billion Profit, But Supply Chain Issues Persist Zegna Shares Start Trading on New York Stock Exchange Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 hours ago
- Business
- Yahoo
Trane Technologies Raises Full-Year Outlook After Record Bookings
Trane Technologies plc (NYSE:TT) raised its full-year guidance Tuesday after posting better-than-expected second-quarter earnings, bolstered by strong demand in its Americas Commercial HVAC segment and record bookings. Despite the upbeat earnings report, the company's shares experienced an 8% decline in morning trading. The climate solutions company reported adjusted earnings of $3.88 per share, an increase of 18% from a year earlier and above the Wall Street consensus of $3.79. Net revenue was $5.75 billion, up 8% year-over-year but just short of analysts' estimates of $5.76 billion. Bookings reached a record $5.63 billion, up 5% from the same quarter last year. This was fueled by more than 60% growth in applied solutions orders within the Americas Commercial HVAC unit. Total enterprise backlog ended the quarter at $7.1 billion, up 6% from the end of EBITDA rose 12% to $1.25 billion, with margins improving 70 basis points to 21.8%. Adjusted operating income rose 14% and margin expanded by 90 bps to 20.3%. 'Our performance continues to be led by Americas Commercial HVAC, with strong demand for our sustainable solutions across a broad base of highly complex projects,' said Chair and CEO Dave Regnery. 'We're confident in raising our full-year revenue and EPS guidance.' Americas revenue grew 9% to $4.69 billion, with bookings up 8%. The unit posted a 130-basis-point gain in adjusted operating margin, driven by robust demand and price realization. EMEA revenue climbed 10% to $707.9 million, but organic growth slowed to 3% and margins contracted 150 basis points due to inflation and reinvestments. Asia Pacific saw bookings fall 16% and revenue drop 7% amid continued volume weakness, with margins down across the board. View more earnings on TT Through the first half of 2025, Trane generated $1.04 billion in operating cash flow and $841 million in free cash flow. The company deployed or committed approximately $1.8 billion, including $1 billion in share repurchases, $420 million in dividends, and $275 million in M&A. Outlook Trane Technologies raised its full-year 2025 adjusted EPS guidance to approximately $13.05, up from the prior $12.70-$12.90 range and above the $12.93 consensus estimate. GAAP EPS guidance was also increased to $13.30, compared to the previous $12.95-$13.15 range and ahead of the $13.03 Street view. Full-year revenue is now expected to reach $21.62 billion, topping both the prior guidance range of $21.33-$21.52 billion and the consensus estimate of $21.53 billion. Trane expects ~9% reported revenue growth for fiscal year 2025, including ~8% organic growth and a 100 basis-point contribution from M&A. The company reaffirmed its commitment to margin discipline, projecting adjusted EPS growth of 16% year over year despite a ~15-cent EPS headwind from acquisitions and $140 million in expected tariff-related costs. Trane also anticipates 25%+ organic leverage and continued strategic investment in digital, automation, and innovation. For the third quarter, the company guided ~6% organic revenue growth and adjusted EPS of ~$3.80+, including a ~3-cent M&A-related impact versus $3.78 Street View. Price Action: TT shares were trading lower by 7.22% to $436.98 at last check Wednesday. Read Next:Image by CC Photo Labs via Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? This article Trane Technologies Raises Full-Year Outlook After Record Bookings originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 hours ago
- Business
- Yahoo
Logitech International SA (LOGI) Q1 2026 Earnings Call Highlights: Strong Sales Growth Amid ...
Net Sales Growth: 5% year over year in constant currency. Gross Margin: 42.1% for the quarter. Operating Expenses: Declined 2% year over year, representing 24.5% of net sales. Operating Cash Flow: Generated $125 million in cash from operations. Cash Balance: Ended the quarter with $1.5 billion. Shareholder Returns: $122 million returned through share repurchases. Video Collaboration Growth: 13% year over year. Personal Workspace Growth: 6% year over year, with double-digit growth in webcams and tablet accessories. Asia Pacific Growth: 15% year over year, led by China. EMEA Growth: 9% year over year. North America Performance: Declined 4% due to a pause in product shipments. Warning! GuruFocus has detected 1 Warning Sign with LOGI. Release Date: July 29, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Logitech International SA (NASDAQ:LOGI) reported a 5% year-over-year increase in net sales, demonstrating robust demand across both consumer and B2B segments. The company successfully launched nine new products, including the G522 wireless gaming headset and the Logitech Muse for the Apple Vision Pro, showcasing its commitment to innovation. Logitech's video collaboration segment grew by 13% year-over-year, driven by strong demand in North America. The Asia Pacific region saw a 15% year-over-year growth, with significant contributions from the Chinese market. Logitech maintained a strong balance sheet, ending the quarter with $1.5 billion in cash and generating $125 million in operating cash flow. Negative Points Logitech faced a 120 basis points decline in non-GAAP gross margin due to tariffs, higher promotional spend, and inventory reserve releases from the prior year. North American sales declined by 4%, primarily due to a pause in product shipments during price negotiations. The company anticipates continued uncertainty related to tariff policy, inflation, and consumer sentiment, which could impact future performance. Logitech expects a negative impact of 200 to 300 basis points from tariffs in the second quarter, partially offset by price increases. There is potential for temporary market share softening due to recent price increases, which could affect sales and consumer response. Q & A Highlights Q: What was the consumer reaction to Logitech's recent price increases, and do you plan to raise prices further to offset tariff impacts? A: Johanna Faber, CEO, explained that the positive impact of the price increase in Q1 was 50 basis points. The full implementation of the price increase was completed towards the end of the quarter, so it's too early to assess consumer reaction. The negotiations took 4 to 8 weeks, affecting in-stock levels temporarily, but inventories have since recovered, positioning Logitech well for upcoming sales periods. Q: Can you elaborate on the strength of the video collaboration business and its sustainability? A: Johanna Faber noted a 13% growth in video collaboration, driven by strong demand in North America. There might have been some advance buying due to tariffs, but overall, the business shows underlying strength with healthy inventory levels. Q: How did the B2B segment perform, and what are the financial implications of its growth? A: The B2B segment, including video conferencing and headsets, outpaced consumer demand despite a 10% price increase. Matteo Anversa, CFO, added that video conferencing is margin accretive, contributing positively to the company's overall financials. Q: What is the strategy for managing inventory and its impact on cash flow? A: Matteo Anversa stated that Logitech leveraged its strong balance sheet to pull in inventory ahead of tariffs, which helped achieve a higher gross margin. The strategy remains unchanged, aiming to protect the company and customers while maintaining strong cash flow and inventory management. Q: How does Logitech plan to achieve its 7-10% top-line growth target, and what is the timeline? A: Johanna Faber mentioned that while there are uncertainties, Logitech is pleased with current demand. The expansion into new verticals like education, healthcare, and government will take time, but core categories have shown potential to reach high single-digit growth. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Irish Times
5 hours ago
- Business
- Irish Times
Smurfit Westrock still sees up to $5.2bn of 2025 earnings
Cardboard box-maker Smurfit Westrock still expects to post full-year earnings growth of as much as 11 per cent to $5.2 billion (€4.5 billion), after reporting a 'significant improvement' in its North American operations. The improvement essentially relates to legacy operations of the former Westrock company in the US, which Smurfit Kappa merged with last July to create the world's largest paper and packaging group. Earnings before interest, tax, depreciation and amortisation (Ebitda) amounted to $1.21 billion for the second quarter of this year, Smurfit Westrock said in a statement on Wednesday. That was marginally higher than its forecast for a figure of $1.2 billion. 'This performance is driven by the significant improvement in our North American business and continued excellent results from our Latin American operations, somewhat offset by a resilient performance from our Emea and Apac businesses,' chief executive Tony Smurfit said. READ MORE Emea stands for Europe, the Middle East and Africa, while Apac refers to the Asia-Pacific region. Smurfit Westrock reiterated that it expects full-year Ebitda to amount to between $5 billion and $5.2 billion. 'With our geographic reach, unrivalled product portfolio and most importantly our people, we see extensive opportunities across all our regions,' said Mr Smurfit. 'In North America, we believe the implementation of our operating model will drive continued significant improvement. In our EMEA and APAC region, we have a well invested asset base and strong market positions, primed to take advantage of an improved demand environment. Latin America remains a region of substantial growth opportunities, both organic and inorganic.' Inorganic growth typically refers to acquisitions. Last July, Smurfit Kappa merged with Atlanta-based cardboard box-making rival Westrock, and moved its listing to the US. The move effectively doubled the company size, with more than $30 billion of annual revenues.
Bloomberg
5 hours ago
- Business
- Bloomberg
Copper Market in Tumult Waiting for Details of Trump's 50% Tariff
By Welcome to our guide to the commodities markets powering the global economy. Today, EMEA Metals and Mining Team Leader Mark Burton discusses the state of play in copper markets as traders await details of the US tariff. With less than two days remaining before a 50% tariff on US copper imports is set to take effect, traders and manufacturers are still in the dark about the precise scope of the monumental levy.
