【环球时报报道 记者 白云怡】中美日内瓦经贸会谈取得进展的消息，令沉寂一时的美国航运业和众多零售商感到兴奋。美国《华盛顿邮报》12日 报道称，作为美国贸易摩擦的"前线"，平日里喧嚣的洛杉矶港出现了一半以上的集装箱船泊位空闲的罕见景象。与此同时，美国内陆多地的零售 商在为"中国制造"库存告急而发愁。"在中美经贸会谈达成的90天窗口期里，美国进口商们盼望上游能尽快发货，预计中美之间一轮贸易激增即将 出现。"美国财经新闻媒体CNBC网站12日的报道援引ITS物流公司全球供应链副总裁保罗·布雷谢尔的话说，"我有一些客户在中国预装了成千上万 个集装箱，随时准备发货。"他预计，在接下来的四到六周内将出现一波中美货运激增。《环球时报》记者也从国内一些货运代理处了解到，在中 美日内瓦会谈期间，就已有企业开始重新预定从中国运往美国的集装箱舱位，为5月下旬重新向美国发货做准备。 据《华盛顿邮报》报道，上周抵达洛杉矶港的集装箱数量比去年同期减少了约1/3。在过去的一个多月内，不少美国进口商因无力承受关税而订单 骤减导致海运量骤降。一家精密音频设备进口商已要求其中国供应商停止发货。据其首席执行官称，按照美国政府此前的关税政策，公司在 ...

作者 | 雷墨 编辑 | 谢奕秋 值班编辑｜ 江江 视觉 | 顾芗 "希望美方以这次会谈为基础，与中方继续相向而行，彻底纠正单边加税的错误做法……" 瑞士当地时间5月12日上午9:00，《中美日内瓦经贸会谈联合声明》一出，中国商务部新闻发言人就发表 谈话指出："美高额关税严重损害双边正常经贸往来，严重破坏国际经贸秩序。本次会谈达成了联合声 明……美方取消了共计91%的加征关税，中方相应取消了91%的反制关税；美方暂停实施24%的'对等关 税'，中方也相应暂停实施24%的反制关税。这一举措符合两国生产者和消费者的期待，也符合两国利益 和世界共同利益。" 《中美日内瓦经贸会谈联合声明》发布 美方能"彻底纠正单边加税的错误做法"吗？很难。对国际贸易的警惕，对经济全球化的敌意，可以说是 特朗普执政的突出特征。2017年开始的第一任期里这只是小试牛刀，2025年重返白宫后明显变本加厉。 无疑，美国与世界经济的关系，正经历深刻的变化。持续成为舆论焦点的"特朗普关税"，迫使人们思 考：变化是如何发生的？美国能在多大程度上影响世界贸易体系？ 5月8日，美国率先与英国就关税贸易协议条款达成一致，4天后又宣布与中国互相取消91% ...

Jabil (JBL) 2025 Conference Summary Company Overview - Jabil is a US domiciled company with **$30 billion** in revenue and **50,000** employees [2][3] - The company is described as an engineering-led supply chain enabled manufacturing company, with **10,000 engineers** contributing to its operations [3][4] Key Industry Insights - Jabil operates in **30 countries**, manufacturing for top brands across various end markets including healthcare, intelligent infrastructure, semi cap, communications, and consumer products [4][8] - The company emphasizes the importance of supply chain management, especially in the context of tariffs and macroeconomic challenges [8][11] Strategic Priorities 1. **Margin and Free Cash Flow Accretion**: Focus on improving margins and generating free cash flow, with a history of share buybacks [7][8] 2. **Support for Customers Amid Tariffs**: Assisting clients in navigating tariff challenges, leveraging a long-standing presence in various countries [8][9] 3. **Investment in Capabilities**: Continuous investment in engineering, supply chain systems, and capability-based acquisitions [10][11] Competitive Advantages - Jabil's engineering-led approach differentiates it from competitors, allowing it to assist customers from concept to market [13][14] - The company employs a unique work cell model, assigning dedicated teams to individual customers, enhancing customer relationships [14][15] - Long-tenured management team with an average of **23 years** of experience among direct reports, fostering strong customer relationships [17][19] Tariff and Supply Chain Dynamics - The company notes that the **Trump administration's tariffs** have accelerated the regionalization of supply chains, with many companies hesitant to move production due to regulatory uncertainties [21][22] - **90%** of Jabil's business in Mexico is USMCA compliant, minimizing tariff impacts [23][24] Market Trends and Growth Areas - **Healthcare**: Strong demand for auto-injector pens and insulin pens, with plans to ramp up production in Europe [72][73] - **Intelligent Infrastructure**: Significant growth in data cloud infrastructure and semiconductor testing, with a **40% year-on-year** increase in guidance [32][33] - **EV and Automotive**: Despite short-term challenges, long-term growth is expected as EV penetration increases [80][82] - **Renewables**: Positioned well to benefit from supply chain consolidation and the Inflation Reduction Act, despite current low demand [84] Financial Guidance and Capital Allocation - Jabil projects **$1.2 billion** in free cash flow for the year, with **80%** allocated to share buybacks and **20%** for tuck-in acquisitions [88][89] - The company aims for a **6% operating margin**, with strategies in place to improve capacity utilization and cost optimization [41][45] Conclusion - Jabil's ability to assist companies in manufacturing and supply chain management is underappreciated, with a strong presence in North America and capabilities to support engineering and manufacturing locally [91][92]

Financial Data and Key Metrics Changes - The company reported revenue of $189 million for Q1 2025, an increase of over 17% compared to the previous year [15][24] - Adjusted EBITDA doubled to $8.2 million, with an adjusted EBITDA margin improving by 180 basis points to 4.3% [15][18] - Consolidated gross profit margin increased to $23 million, or 12.2% of revenue, up from 9.7% in the same period last year [15][16] - Adjusted net income was $300,000, or $0.01 per diluted share, compared to an adjusted net loss of $3.6 million, or $0.11 per diluted share, in the prior year [17] Business Line Data and Key Metrics Changes - Marine revenue increased over 19%, while concrete revenue rose by 13% [15][16] - Adjusted EBITDA margin in the Marine segment was 8.6%, compared to 0.9% last year, while the Concrete segment's adjusted EBITDA margin was negative 4.4%, down from positive 5.7% in the prior year [18] - The company secured $350 million in new project wins, with $161 million in marine and $188 million in concrete [9][10] Market Data and Key Metrics Changes - The company has a backlog of $890 million, with $607 million related to the Marine segment and $232 million to the Concrete segment [20] - The company has seen no pullback in market opportunities, with strong demand in the data center market and ongoing projects [12][13] Company Strategy and Development Direction - The company is focused on building a profitable backlog from a strong pipeline of opportunities, with a goal to generate adjusted EBITDA margins in the low double digits for Marine and high single digits for Concrete [19][24] - The company is consolidating its Houston area offices to enhance operational efficiency and reduce costs [22][23] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, citing strong project wins and a favorable operating environment due to government policies supporting domestic industrial growth [9][13] - The company reiterated its guidance for full-year 2025 revenue in the range of $800 million to $850 million, with adjusted EBITDA between $42 million and $46 million [24] Other Important Information - The company reported negative cash flow from operations of $3.4 million, an improvement from negative $22.8 million in the prior year [20][21] - The company has no outstanding borrowings under its revolving credit facility and maintains a strong balance sheet to support future growth [55] Q&A Session Summary Question: Outlook on defense spending and RFPs - Management expects awards to materialize late this year or early next year, with potential project sizes around $500 million [30] Question: Outlook for concrete business - Management has not seen a slowdown in bidding activity and expects margin improvements as the year progresses [31][33] Question: Activity in private downstream energy markets - Management is optimistic about increased activity in petrochemical projects, influenced by rising global oil prices [34] Question: Marine segment margins - Management noted strong margins in the Marine segment due to successful project execution, with expectations for continued growth [41] Question: Competitive advantages in uncertain environments - The company benefits from strong supplier relationships and proactive tariff mitigation strategies [46] Question: Concrete segment profitability outlook - Management anticipates a return to profitability in the Concrete segment as seasonal factors improve [50] Question: Balance sheet and capital position for future projects - The company has sufficient capacity to support project mobilization and growth, with ongoing discussions with financing partners [55]

CECO Environmental Corp. (NASDAQ:CECO) Q4 2024 Earnings Conference Call February 25, 2025 8:30 AM ET Company Participants Steven Hooser - Investor Relations Todd Gleason - Chief Executive Officer Peter Johansson - Chief Financial and Strategy Officer Conference Call Participants Rob Brown - Lake Street Capital Markets Aaron Spychalla - Craig-Hallum Capital Group Bobby Brooks - Northland Capital Markets Chris Grenga - Needham & Company Operator Hello, everyone, and welcome to the CECO Environmental Fourth Qu ...

Novanta (NOVT) Q4 2024 Earnings Call February 25, 2025 10:00 AM ET Company Participants Ray Nash - Corporate Finance Leader & IRMatthijs Glastra - Chair and Chief Executive OfficerRobert Buckley - CFOLee Jagoda - Senior Managing DirectorBrian Drab - Co-Group Head–Industrials Conference Call Participants Robert Mason - Senior Research Analyst Operator Good morning. My name is Gary, and I will be your conference operator today. At this time, I would like to welcome everyone to the Novanta Incorporated's Fourt ...