Latest news with #ProfitFall
Yahoo
29-07-2025
- Business
- Yahoo
Stanley Black & Decker reports lower second-quarter profit over tariff uncertainty
(Reuters) -Power tools maker Stanley Black and Decker reported a fall in second-quarter profit on Tuesday, hurt by low demand amid price increases due to changing U.S. trade policy, sending its shares down nearly 7% in premarket trading. The Connecticut-based company also said it expects incremental tariff countermeasures in the second half of 2025. "We expect to continue strategically adjusting our costs and inventory to protect earnings power and cash flow," CFO Patrick Hallinan said. The company said the impact to 2025 per share profit was expected to be about $0.65, reflecting the timing and costs required to implement tariff mitigation countermeasures. Its gross annualized tariff impact is currently estimated to be about $800 million, which carries an assumption for country tariffs that include July U.S. policy changes. The company provides tools and industrial products to home improvement retailers, construction businesses and aerospace manufacturers. On an adjusted basis, it earned a profit of $1.08 per share in the second quarter, compared to $1.09 per share a year ago. It posted quarterly revenue of $3.95 billion in the reported quarter, compared to $4.02 billion a year ago. Analysts on average expected Stanley Black & Decker to report a quarterly revenue of $4 billion, according to data compiled by LSEG.
Reuters
22-07-2025
- Business
- Reuters
Halliburton quarterly profit falls on weak North America drilling demand
July 22 (Reuters) - Oilfield services firm Halliburton (HAL.N), opens new tab reported a fall in profit for the second quarter on Tuesday, hurt by weak North America demand. U.S. President Donald Trump's trade policy heightened uncertainty in the energy industry, with trade war expected to curb global economic growth and, subsequently, demand for energy. The company had flagged a second-quarter earnings impact from the tariffs and lower oilfield activity in North America as producers evaluated drilling and completions at weak oil prices. "Oilfield services market will be softer than I previously expected over the short to medium term," said Halliburton CEO Jeff Miller said in a statement. The company posted quarterly revenue from its North America segment at $2.26 billion, compared with $2.48 billion a year earlier. The company reported a profit of $472 million, or 55 cents per share, for the quarter ended June 30, compared with $709 million, or 80 cents per share, a year earlier.
