今年4月，有消息称道朗格暂停在华接收新订单，仅保留"意向订单"入口。 公开资料显示，道朗格目前在全国拥有7家直营品牌中心，还有一家全新开业的体验中心。旗下引入的 2025款雪佛兰太浩TAHOE和GMC育空YUKON全尺寸SUV两款车型，日前陆续开启交付。 据智通财经，道朗格在今年1月初刚刚换帅。道朗格总裁李龙已离职，由中国区首席产品官季康博（Jim Campbell）兼任。季康博将全面负责通用汽车在中国市场的整体产品规划、产品营销和配件业务，包括 面向国内市场的国产车型、进出口业务，并继续向通用汽车全球高级副总裁兼通用汽车中国公司总裁何 思文（Steve Hill）汇报工作。 5月15日，有传言称通用将解散在中国的进口车业务。 据智通财经，通用汽车就此回应称，道朗格是通用汽车用于引进标志性产品的高端进口车平台。进口车 销量在通用汽车在华总销量中的占比不到千分之一。由于经济形势显著变化，公司决定对道朗格进口业 务进行重组，并相应地优化通用汽车在中国的运营。 不过，基于近期美国政府调整关税政策带来的影响，公司更新了2025年全年财务预期：通用汽车调整后 息税前利润为100亿美元至125亿美元，调整后摊薄每股收益为 ...

目前，龟山工厂主要生产智能手机、平板电脑及个人电脑等的中小型面板。工厂由两栋生产厂房组成， 出售给鸿海的是其中的第二工厂。 第二工厂的开工率比第一工厂低，2024年6月将产能降到了原来的约8成。夏普想通过放弃盈利低的厂 房，改善液晶面板业务的盈亏状况，力争实现盈利。 版权声明：日本经济新闻社版权所有，未经授权不得转载或部分复制，违者必究。 日经中文网 https://cn.nikkei.com 夏普的龟山工厂（三重县龟山市） 该工厂生产的电视曾作为"世界的龟山模型"，推动夏普品牌知名度提升。随着中企的量产等，盈利恶 化…… 日本经济新闻（中文版：日经中文网）获悉，夏普将把生产液晶面板的龟山工厂（三重县龟山市）中的 第二工厂出售给母公司台湾鸿海精密工业。该工厂生产的电视曾作为"世界的龟山模型"，推动夏普品牌 知名度提升。随着中国企业的量产等，面板价格下跌，盈利状况恶化，在这种背景下，夏普通过出售设 备来压缩液晶面板业务，重建业绩。 ...

近期，包括高盛、汇丰、摩根大通以及摩根士丹利等在内的多家外资金融巨头，纷纷宣布有关高管变更的 动态。 从人事变动调整来看，多家外资巨头正积极在复杂多变的市场环境中寻求发展机遇，对亚太地区尤其是中国市 场高度重视。 业内分析人士指出，随着全球金融市场的不断变化和亚太地区经济的快速发展，尤其是中国市场的巨大潜力， 外资银行纷纷将目光聚焦于此，通过调整高管团队，引入具有丰富经验和专业能力的人才，以更好地适应市场 变化，满足客户需求，实现业务增长。 业务重组与战略调整并行 近期，汇丰集团在亚洲地区正进行着深度的业务重组和战略调整，以适应市场变化和集团发展的需要。 根据有关内部备忘录内容，孙丹莹在 5 月 1 日卸任汇丰银行中国国际财富与卓越理财（IWPB）业务负责人一 职。届时，汇丰现任亚洲 IWPB 主管张凯将从新加坡调任至上海，并兼任中国区 IWPB 代理负责人。此前，路 透社报道，汇丰发言人证实了上述内容。 整体来看，汇丰的业务重组和战略调整，反映出其在应对市场变化和集团发展需求方面的积极举措。通过调整 领导层架构和优化业务布局，汇丰希望提升其在亚洲地区尤其是中国市场的运营效率和服务质量，实现业务的 可持续发展 ...

Kennametal (KMT) Q3 2025 Earnings Call May 07, 2025 09:30 AM ET Company Participants Michael Pici - VP - Investor RelationsSanjay Chowbey - President & CEOPatrick Watson - VP & CFOJacob Moore - Equity Research AssociateMichael Feniger - MD - Equity Research Conference Call Participants Angel Castillo - AnalystSteven Fisher - Managing Director & Equity Research AnalystJulian Mitchell - Equity Research AnalystTami Zakaria - AnalystJoe Ritchie - Analyst Operator Good morning. I would like to welcome everyone t ...

Financial Data and Key Metrics Changes - Adjusted EBITDA for Q2 was $233 million, up 3% year-on-year, with EBITDA margins expanding by 40 basis points to 6.5% [30][31] - Consolidated sales decreased to approximately $3.6 billion, a decline of $139 million compared to Q2 fiscal year 2024, primarily due to lower customer volumes and foreign exchange impacts [32][33] - Free cash flow for Q2 was an outflow of $90 million, consistent with internal expectations reflecting normal seasonality [39] Business Line Data and Key Metrics Changes - In the Americas, sales increased due to favorable comparisons with the previous year, driven by key customer programs reaching full run rates [33][34] - EMEA experienced lower production volumes but began to see improvements from restructuring efforts, with a recorded non-cash goodwill impairment of $333 million due to market value declines [22][30] - Asia's performance was flat year-on-year, with expectations for growth driven by new business with local OEMs [23][34] Market Data and Key Metrics Changes - The Americas outperformed industry volumes, while EMEA faced headwinds from weaker market demand [33][34] - In Asia, sales in China underperformed due to lower volumes from traditional luxury OEM customers, but new customer launches outside China are expected to drive growth [33][34] Company Strategy and Development Direction - The company is focused on mitigating tariff impacts through resourcefulness and leveraging its global footprint to create value for customers [13][17] - Adient aims to capitalize on growth opportunities by focusing on more profitable business and investing in innovation and efficiency measures [10][17] - The company is committed to maintaining operational excellence and solid execution to navigate macroeconomic volatility [9][28] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to manage tariff exposure and emphasized the importance of USMCA compliance [15][17] - The outlook for the second half of fiscal year 2025 remains positive, with expectations for continued strong business performance despite potential volume headwinds from tariffs [45][46] - Management highlighted the resilience of the operating model and the ability to mitigate external pressures [30][31] Other Important Information - Adient received multiple awards for supplier excellence, including recognition from GM and Toyota for quality and performance [11][12] - The company has a strong cash balance of $754 million and total liquidity of $1.6 billion, with no near-term debt maturities [41][42] Q&A Session Summary Question: Can you clarify the progress on tariffs and the roadmap for recovery? - Management indicated that the roadmap includes ongoing price negotiations and cost offsets, with 75% of the gross position already resolved [57][58] Question: How is the EMEA region performing relative to expectations? - Management noted that while EMEA showed positive business performance, it is still subject to variability and should not be seen as a trend [60][62] Question: What is the outlook for margins and cost efficiency actions? - Management expects significant opportunities for margin improvement, particularly in the Americas, while cautioning that EMEA may not see inflection until 2026 [71][74] Question: How are FX assumptions impacting guidance? - Management maintained previous FX assumptions due to volatility, indicating potential translational upside if rates hold [77][78] Question: What is the current mindset on capital allocation? - Management reiterated a measured approach to capital allocation, focusing on investments in the business and potential share repurchases based on cash generation and market clarity [80][82]

Financial Data and Key Metrics Changes - Consolidated revenue for Q1 2025 was $169.8 million, down from $194.6 million in the prior year, primarily due to softening in global construction and agriculture end markets as well as North American Class eight truck demand [12] - Adjusted EBITDA for the first quarter was $5.8 million, compared to $9.7 million in the prior year, with adjusted EBITDA margins at 3.4%, down 160 basis points from 5% in Q1 2024 [12][13] - The company reported a net loss of $3.1 million or a loss of $0.09 per diluted share, compared to a net income of $1.4 million or $0.05 per diluted share in the prior year [13] - Free cash flow from continuing operations was $11.2 million, a significant improvement from negative $6.5 million in the prior year [14] Business Line Data and Key Metrics Changes - Global Seating segment revenues decreased by 9% to $73.4 million, with adjusted operating income of $2.7 million, a decrease of $0.1 million compared to the previous year [15] - Global Electrical segment revenues fell 14% to $50.5 million, with adjusted operating income of $200,000, down $1.3 million from the prior year [17] - Trim Systems and Components revenues decreased by 17% to $45.9 million, with adjusted operating income of $1.6 million, a decrease of $3.1 million compared to the prior year [19] Market Data and Key Metrics Changes - The Class eight heavy truck build forecast for 2025 indicates a 23% decline in year-over-year volumes, with a projected 19% increase in 2026 [20] - The construction market is expected to decline by approximately 5% to 15%, while the agriculture market is anticipated to decline in the same range due to higher interest rates and lower commodity prices [21] Company Strategy and Development Direction - The company has shifted to a new segment structure to enhance clarity and focus within each business unit, aiming to better align with customers and end markets [5] - Strategic actions taken in 2024 are expected to lower costs and improve operational efficiency, with a focus on reducing working capital and capital expenditures [22][23] - The company is actively pursuing new business opportunities while managing costs and improving cash generation [8][22] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the current macroeconomic challenges and the impact on customer demand, emphasizing the importance of operational efficiency and cost management [7][20] - The company remains optimistic about long-term recovery in construction and agriculture markets despite current softness [21] - Management expects to generate at least $20 million of free cash flow in 2025, which will be used to pay down debt [26] Other Important Information - The company has decided to discontinue reporting new business wins due to the current macroeconomic environment and customer challenges in predicting future program ramps [7] - The company is focused on mitigating the impact of tariffs and broader macroeconomic headwinds through strategic portfolio actions and improved cash generation [22][23] Q&A Session Summary Question: What is the potential for gross margin improvement in a normalized environment? - Management indicated that they see potential for gross margins to reach around 15% in a normalized environment, with a focus on operational improvements [29][31] Question: How does the current market outlook compare to previous downturns? - Management acknowledged the current extended downturn but emphasized their preparedness and actions taken to stabilize operations and improve margins [36][38] Question: What percentage of COGS is impacted by tariffs? - Management noted that the largest exposure is related to tariffs from Mexico and Canada, with a smaller percentage from China, estimated to be less than 10% of the cost structure [48][49] Question: What are the covenant levels for the company's net leverage ratio? - The net leverage ratio is currently at five times, with covenant levels around four times, gradually stepping down throughout the year [54][55]

Leggett & Platt (LEG) Q1 2025 Earnings Call April 29, 2025 01:27 PM ET Speaker0 Greetings, and welcome to the Leggett and Platt First Quarter twenty twenty five Webcast and Earnings Conference Call. At this time, all participants are in a listen only mode. A brief question and answer session will follow the formal presentation. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Kathy Branscombe, VP of Investor Relations. Thank you, Ms. Branscombe. You may begin. ...

Leggett & Platt (LEG) Q1 2025 Earnings Call April 29, 2025 08:30 AM ET Company Participants Cassie Branscum - Vice President of Investor RelationsKarl Glassman - President, CEO & ChairmanBenjamin Burns - Executive VP & CFOJ. Tyson Hagale - EVP & President - Bedding ProductsBobby Griffin - Managing DirectorKeith Hughes - Managing DirectorR. Samuel Smith - EVP and President – Specialized Products, Furniture, Flooring & Textile Products Conference Call Participants Susan Maklari - AnalystPeter Keith - Managing ...

LSI Industries (LYTS) Q3 2025 Earnings Call April 24, 2025 11:00 AM ET Company Participants James Galeese - Executive VP & CFOJames Clark - President and Chief Executive OfficerLeanne Hayden - Senior Associate - Equity Research Conference Call Participants Aaron Spychalla - Research AnalystAmit Dayal - Managing Director & Senior Technology Analyst Operator As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Jim Golis. Please go ahead. James Galeese Welcome, everyo ...

BGSF, Inc. (NYSE:BGSF) Q4 2024 Earnings Conference Call March 13, 2025 9:00 AM ET Company Participants Sandy Martin - Managing Director-Three Part Advisors Beth Garvey - Chair, President and Chief Executive Officer Keith Schroeder - Chief Financial Officer Conference Call Participants Howard Halpern - Taglich Partners Jeff Martin - Roth Capital Operator Good day, and welcome to the BGSF, Inc. Fiscal Year Fourth Quarter 2024 Earnings Conference Call. All participants will be in a listen-only mode. We are ope ...