In Marine Technology, gross margin fell to 74.5% from 77.9% , which management linked to a shift toward more hardware sales and fewer rentals. Jardine cited a 30.5% increase in hardware units sold and a 36.6% reduction in higher-margin rental sales. CEO Annmarie Gayle connected underutilization of rental assets to a change in U.S. policy on funding for offshore renewables, which she said led to projects being shelved and reduced rental and associated services demand.Gross profit increased to $17.7 million f ...