投资咨询业务资格:证监许可【2012】31号 ITG国贸期货 数据日报 从业资格号:F03110419 豆粕主力合约基差(张家港) 涨跌 指标 4月28日 ===== 19/20 ====· 20/21 ===== 21/22 ===== 22/23 ===== 22/23 ===== 22/23 ====== 22/23 ====== 22/23 - 23/24 - 24/25 大连 2500 615 -454 2000 天津 575 1500 -444 1000 515 日照 -314 500 43%豆粕现货基差 515 张家港 -304 -500 (对主力合约) 12/23 01/23 02/23 03/25 09/21 04/25 05/26 06/26 07/27 10/27 11/27 08/77 M9-NI 东莞 715 -104 _==== 2019/20 ------ 2021/22 - -- 2022/23 == 2024/25 1000 湛江 715 -154 800 600 防城 815 -4 400 200 广东 菜粕现货基差 -181 43 -200 04/24 05/25 03/ ...

Dublin, April 28, 2025 (GLOBE NEWSWIRE) -- The "Chemical Distribution Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2025-2034" report has been added to ResearchAndMarkets.com's offering. This expansion is primarily fueled by rapid advancements in technologies across industries that heavily rely on chemical distribution. The chemical sector is experiencing significant growth, driven by increased natural gas production, which plays a crucial role in supporting the industry. With ri ...

观点：盘面或开启震荡 南华玻璃纯碱数据周报20250426 寿佳露（投资咨询资格证号：Z0020569） 投资咨询业务资格：证监许可【2011】1290号 玻纯周报观点 供应：4月底玻璃日熔或小幅下滑至15.6万吨，株洲醴陵旗滨玻璃有限公司四线600吨4月25日放水（计划内， 从3月推迟到4月），河南中联二线600吨超白（计划内，从3月推迟到4月）以及沙河德金5线800吨（为置换线 ，德金6线预计5月下旬开始供应市场）均计划月底放水了，4月新增点火产线1条，河北长城四线700吨/日（4 月12日点火，计划内）。 库存：全国浮法玻璃样本企业总库存6547.33万重箱，环比+39.5万重箱，环比+0.61%，同比+9.25%。折库存天 数29.4天，较上期+0.2天。库存结构表现为上游厂库开始累库，中游去库；沙河期现库存约为11万吨，近两周 去库5-6万吨（约112万重量箱）。 利润：隆众数据，各工艺玻璃产线利润，天然气-153元，煤制气+145元，石油焦-38元。其中湖北进口石油焦 涨价，推升成本80-100元，保持关注。 需求：截至0415，深加工样本企业订单天数均值9.3天，环比13.4%，同比-17.7% ...

Kaiser Aluminum (KALU) Q1 2025 Earnings Call April 24, 2025 10:00 AM ET Company Participants Kimberly Orlando - Senior Managing DirectorKeith Harvey - CEO, President & DirectorNeal West - Executive VP & CFOBill Peterson - Equity Research Operator Greetings, and welcome to the Kaiser Aluminum Corporation First Quarter twenty twenty five Earnings Call. At this time, participants are in a listen only mode. A question and answer session will follow the formal presentation. As a reminder, this conference is bein ...

Marine Products (MPX) Q1 2025 Earnings Call April 24, 2025 08:00 AM ET Company Participants Michael Schmit - CFO, VP & Corporate SecretaryBen Palmer - President & CEO Operator Good morning, and thank you for joining us for the Marine Products Corporation's First Quarter twenty twenty five Earnings Conference Call. Today's call will be hosted by Ben Palmer, President and CEO and Mike Schmidt, Chief Financial Officer. At this time, all participants are in a listen only mode. Following the presentation, we wil ...

Impinj (PI) Q1 2025 Earnings Call April 23, 2025 05:00 PM ET Company Participants Andy Cobb - Vice President of Strategic FinanceChris Diorio - Co-Founder, Vice Chairman & CEOCary Baker - CFOGuy Hardwick - Managing DirectorTroy Jensen - Managing Director Conference Call Participants Harsh Kumar - Managing Director & Senior Research AnalystScott Searle - Managing Director, Senior Research AnalystJames Ricchiuti - Senior AnalystChristopher Rolland - Analyst Operator Welcome to Impinj's First Quarter twenty tw ...

Equity Research 20 April 2025 Capital Goods - Chart of the Week #65 Initial impact of tariff-led inflation on profitability from inventory accounting perspective Profitability is impacted differently under different inventory costing methods. FIFO inflates margins amid price increases; WAC (& more rapid turnaround of inventories) likely reveals cost inflation impact faster. ABB, Signify in the former group; Andritz, Kion, Elextrolux, Siemens in the latter. Adoption of FIFO inflates margins amid price increa ...

Financial Data and Key Metrics Changes - The company improved its cash position significantly, with a decline of $6.6 million in fiscal year 2024 compared to a decline of $70.5 million in fiscal year 2023, resulting in record low cash consumption [5] - Total revenue for Q4 2024 was $76.4 million, an increase of $600,000 or 0.8% year over year [31] - Adjusted EBITDA for Q4 2024 was $17.4 million or 22.8% of revenue, compared to $11.2 million or 14.8% of revenue in the prior year [33] Business Line Data and Key Metrics Changes - Subscription and reserve rental revenue decreased by 1.2% year over year in Q4 2024, primarily due to lower average subscribers [31] - Other revenue increased by 13.5% or $1.4 million year over year [31] - Fulfillment expenses were $20.2 million in Q4 2024, slightly lower than $20.1 million in Q4 2023, with fulfillment expenses as a percentage of revenue at 26.4% [32] Market Data and Key Metrics Changes - Ending active subscribers decreased to 119,778, down approximately 4.9% year over year [29] - Average active subscribers during the quarter were 126,148, a decrease of 2.1% from the prior year [29] - The company plans to double inventory purchases in fiscal year 2025, with 62% of total units expected to come from the share by RTR program [23][36] Company Strategy and Development Direction - The company is focusing on a disciplined growth strategy rather than growth at all costs, emphasizing the importance of inventory investment to unlock customer growth and retention [6][22] - A significant inventory investment is planned for 2025, with a goal to add two times new inventory units year over year and 75% more new styles [16][17] - The company aims to evolve into a discovery engine for consumers to find the latest in designer fashion, leveraging its partnerships with brands [26] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to operate at nearly breakeven levels while maintaining steady revenue, highlighting improvements in cost structure and working capital [28] - The company anticipates increased cash consumption in fiscal year 2025 due to inventory investments, but expects this to lead to subscriber growth and improved customer satisfaction [37] - Management is cautious about external factors such as tariffs and economic conditions but believes renting offers substantial value compared to buying [40] Other Important Information - The company has restructured its customer service team to focus more on proactive engagement, which has led to improved customer satisfaction scores [10] - The company has implemented a 60-day customer promise for new members, providing risk-free renting for the first two months [19] Q&A Session Summary Question: Can you help us understand the cash flow guidance and the drivers of it? - The cash flow guidance reflects a significant increase in inventory, with a CapEx guidance of $70 million to $75 million for the year, which is a considerable increase from fiscal year 2024 [43][44] Question: What have you seen more recently regarding consumer reactions to tariffs? - The company believes renting provides considerable value versus buying, and the new inventory addresses the primary pain point for customers, which is expected to improve retention [46][47] Question: How do we think about the customer experience changing in 2025? - The company is doubling the number of new units on the platform, which will significantly enhance the customer experience with more new arrivals and greater brand variety [50][51]

V i e w p o i n t | 11 Apr 2025 03:30:00 ET │ 14 pages US Semiconductors 1Q25 Notebook Shipments Above Seasonal. Good News But We Smell an Inventory Build. Reiterate Neutral on AMD/INTC. CITI'S TAKE March notebook shipments increased 39% MoM, ahead of our expectation driven by pull-in demand to mitigate tariffs. Overall 1Q25 notebook shipments were down 6% QoQ, above our expectation of down 10% QoQ and well above normal seasonality of down 14% QoQ. We believe this is a near-term positive for notebook-expose ...

Financial Data and Key Metrics Changes - In Q4 2024, net sales were approximately $64.4 million, down from $66.7 million in Q4 2023 [2] - The net loss for Q4 2024 was $7.2 million compared to a net loss of $3.2 million in Q4 2023, which included an $8.2 million gain on the sale of assets [3] - For the fiscal year 2024, net sales were $265 million, down 4.1% from $276 million in 2023 [4] - The net loss from continuing operations for 2024 was $12.2 million or $0.83 per diluted share, compared to a net loss of $1.95 million or $0.13 per diluted share in 2023 [3] - Gross profit margin in 2024 was 24.7% of net sales, down from 26.7% in the prior year [5] Business Line Data and Key Metrics Changes - Selling and administrative expenses in 2024 were reduced by $4.3 million or 5.8% of net sales due to planned cost-cutting initiatives [5] - Facility consolidation expenses were $2.5 million lower than the prior year, including additional write-downs of idled assets [6] - The company reduced costs by over $35 million in 2023 and further reduced costs by over $10 million in 2024 [11] Market Data and Key Metrics Changes - Existing home sales have declined dramatically from over 6 million homes per year to under 4 million, impacting the industry significantly [9] - The actual square yards of carpet chips have decreased by 25% over the last three years [10] Company Strategy and Development Direction - The company has focused on cost reduction and restructuring to align capacity with current volume, reducing the number of associates by approximately 28% over the last three years [11] - Investment in extrusion equipment aims to provide lower-cost raw materials and ensure a consistent supply [12] - The company is expanding its product offerings, including hard surface products under the TrueCore brand and enhancing its high-end wood program [13][14] Management Comments on Operating Environment and Future Outlook - The management noted that the industry has been in a recession for several years, with existing home sales at the lowest point since 1995 [9] - The company anticipates further cost reductions exceeding $10 million in 2025 and continues to manage working capital effectively [11][17] - The impact of tariffs on imported products is uncertain, but the company is prepared to take appropriate actions as needed [16] Other Important Information - The company closed a new $75 million senior credit facility, enhancing its financial position [8] - The company has maintained low capital expenditures except for investments in extrusion equipment [11] Q&A Session Summary Question: What percent of hard surfaces is imported from China? - Very little is imported from China, with imports coming from Thailand, Cambodia, Vietnam, and some from Europe [19] Question: How quickly can the company pass along price increases due to tariffs? - It is unclear, but it is likely that price increases will be passed on quickly as tariffs become impactful [22] Question: What was the amount of the Q4 inventory write-down? - The overall reduction in inventory was $9.8 million, with additional reserves made for excess inventory [25][26] Question: How soon will the company achieve the $10 million cost reduction? - The company is very close to that level today, with most of the reductions planned months ago [27] Question: Is there potential benefit from tariffs for the soft side of the business? - It depends on where the tariffs end up, but imports are not a major factor for the domestic tufted carpet business [34] Question: Is the full amount of $12.2 million available to borrow under the new credit facility? - Yes, the $12.2 million includes the $6 million excess availability [35]