Core Insights - Jewett-Cameron Trading Company Ltd. reported a significant decline in revenue and net loss for Q3 2025, primarily due to the impact of tariffs on imported metal products and supply chain disruptions [1][9][12]. Operational Highlights - The company experienced a 21% decrease in total revenue for Q3 2025, amounting to $12.6 million compared to $15.9 million in Q3 2024, largely due to deferred purchases by retailers amid tariff uncertainties [6][9]. - Sales of Lifetime Steel Posts® products grew by 85% compared to Q3 2024, driven by the rollout of displayers, which increased by approximately 88% since November 2024 [6][9]. Tariff Impact and Response - The company faced increased tariffs on Chinese goods, with a 25% tariff implemented in 2019 and further increases announced in 2025, leading to a 50% global tariff on steel and aluminum imports as of June 2025 [3][4]. - Retailers have deferred purchases of imported metal products due to tariff volatility, causing significant turmoil in the company's markets and stressing logistics [4][5]. - The company is diversifying suppliers to mitigate tariff impacts and is implementing price increases across its product portfolio to align with rising costs [7][8]. Financial Results - Gross profit margins decreased to 15.0% in Q3 2025 from 18.6% in Q3 2024, attributed to higher tariff and shipping costs, as well as a shift towards lower-margin products [10]. - Operating expenses decreased to $2.6 million in Q3 2025 from $2.9 million in Q3 2024, due to operational efficiency initiatives and a 20% workforce reduction [11]. - The net loss for Q3 2025 was $(0.6) million, or $(0.18) per share, compared to a net income of $0.2 million, or $0.04 per share, in Q3 2024 [12][20]. Strategic Initiatives - The company is developing multi-source, multi-country strategic sourcing partnerships to reduce dependence on high-tariff countries and enhance production flexibility [7]. - Initiatives to improve operational efficiency and customer satisfaction are being enacted, including process improvements and technology enhancements [7][8].

Core Viewpoint - Rockland Trust Co has reduced its stake in Berkshire Hathaway, selling 50,487 shares for $25.66 million, which reflects ongoing portfolio rebalancing while Berkshire remains a core holding for many institutional investors [2][7]. Company Overview - Berkshire Hathaway has a market capitalization of $1,033.0 billion and reported a trailing twelve months (TTM) revenue of $383.9 billion and net income of $80.9 billion as of July 10, 2025 [4]. - The company operates as a diversified holding company with substantial operations in insurance, transportation, energy, and manufacturing, serving individuals, corporations, and government entities globally [5]. Financial Metrics - As of June 30, 2025, Berkshire Hathaway's remaining position in Rockland Trust Co's portfolio is valued at $10.8 million, representing 0.5% of the fund's 13F assets [2]. - The stock closed at $478.27 on July 10, 2025, reflecting a 16.5% increase over the past year, with a forward price/earnings ratio of 27.7 and an EV/EBITDA of 9.5 [3][4]. - The five-year revenue compound annual growth rate (CAGR) for Berkshire Hathaway is 7.9% [3]. Leadership Transition - Warren Buffett will step down as CEO at the end of 2025, which has contributed to a nearly 9% decline in shares over the past three months [6]. - Incoming CEO Greg Abel has been instrumental in expanding the company's non-insurance portfolio, particularly in energy and utilities, and Berkshire Hathaway holds nearly $350 billion in cash and short-term investments for future growth opportunities [8]. Investment Outlook - Despite the leadership change, Berkshire Hathaway is expected to maintain its investment philosophies under Greg Abel, suggesting that the stock remains a long-term buy [9].

Britain’s government promises to cut through the restrictions of planning laws. If the tennis club is held back by litigation, what hope is there for data centres, pylons and gigafactories? https://t.co/J1LAdwoFNl ...

Josh Stein is the 76th governor of the state of North Carolina. First year in office, I think I got to break it to you. It doesn't get any easier from here.No, congratulations. We're really excited here in North Carolina. We We are open for business.Since January 1, we have announced more than $20 billion of investment producing over 23,000 jobs here in North Carolina. We're one of the third fastest growing state in the country. We have a solid growing economy, but it's all about our people.We have the most ...

Core Insights - Ingersoll Rand Inc. has achieved significant milestones in sustainability, innovation, and operational excellence in 2024, as highlighted in its sustainability report titled "Enabling Growth: Leading Sustainably with Purpose" [1][3] Sustainability Leadership - The company has been recognized globally for its sustainability efforts, ranking in the top 1% of the industry in the 2024 S&P Global Corporate Sustainability Assessment for the third consecutive year [7] - Ingersoll Rand was named to the "A List" by CDP for environmental stewardship and supplier engagement leadership for the second consecutive year [7] Environmental Impact and Operational Excellence - The company has made 61% progress towards its Science Based Targets initiative (SBTi) validated Scope 1 and 2 greenhouse gas emissions reduction goal of 42% [7] - Ingersoll Rand surpassed its water reduction goal with a 38% absolute reduction, exceeding the target of -17% [7] - The company achieved 74% progress toward its zero waste to landfill goal, aiming for more than 50% of sites to achieve this status [7] - A total recordable incident rate (TRIR) of 0.54 was achieved, which is 72% better than the industry average [7] People-First Culture and Safety Excellence - Approximately 3,900 employees were granted equity through the Ownership Works program, with over 25,000 employees receiving equity grants since May 2017 [7] - The employee engagement index score was maintained at 81, placing Ingersoll Rand in the top 10% of manufacturing companies [7]

Company Overview - Stella-Jones Inc. is a leading North American manufacturer focused on infrastructure products essential for electrical distribution, transmission, and railway transportation systems [4] - The company supplies treated wood and steel utility poles, steel lattice towers, and treated wood railway ties to major electrical utilities and railway operators across North America [4] - Stella-Jones also manufactures industrial products such as timbers for railway bridges, marine and foundation pilings, and coal tar-based products, alongside premium treated residential lumber for outdoor applications [4] Upcoming Events - A conference call is scheduled for August 7, 2025, at 10:00 AM Eastern Daylight Time, with a live webcast available [2] - The press release related to the conference call will be published before market opens on the same day [3] - A web recording of the meeting will be accessible from August 7, 2025, at 1:00 PM EDT until August 14, 2025, at 11:59 PM EDT [3]

I want to now bring in our Bloomberg TV and radio audiences worldwide. We're going to simulcast this. Joining us now is White House Council of Economic Advisers Chairman Stephen Meyer.And, Stephen, thanks very much for joining us. We were just listening to David Kostin of Goldman Sachs giving an optimistic view of the stock market and the way companies are dealing with tariffs. And I wonder how you think about the uncertainty that this creates.You definitely must have calculated that in coming up with this ...

Core Insights - Xometry, Inc. has launched its Teamspace solution in Europe, the UK, and Turkey, enhancing collaboration for customers on projects and custom part orders [1][2] - The Teamspace solution has already seen success in the US with over 7,000 teams created by Q1 2025, indicating strong enterprise engagement and potential for viral growth [2] - The expansion of Teamspace reflects a shift in customer needs towards more advanced, integrated solutions for manufacturing operations [3] Company Overview - Xometry operates an AI-powered marketplace that connects enterprise buyers with suppliers of manufacturing services, aiming to digitize the manufacturing industry [5] - The company provides critical resources for manufacturers and streamlines procurement processes through real-time pricing and lead time data [5] Teamspace Features - Teamspace offers real-time visibility and control over orders, allowing all team members to see shared quoting activity and order history, which enhances transparency and accountability [6] - The solution includes personalized user notifications for updates on quotes, order shipments, payments, and invoices, ensuring critical steps are not missed [6] - Designed to boost operational efficiency, Teamspace is particularly beneficial for distributed teams managing high-volume and complex custom part orders [6]

Geopolitical & Economic Landscape - China has become the world's second-largest economy and a military superpower, but faces industrial choke points hindering its independence [1] - These choke points make China vulnerable to US pressure in trade wars and export controls [1] Industrial Challenges & Opportunities - China faces challenges in advanced computer chips and essential manufacturing components [2] - China is systematically addressing these choke points using AI to accelerate progress [2] - Some choke points, like advanced semiconductor manufacturing, may take years or decades to resolve, while others are nearing resolution [2] Competitive Landscape - Products affected include carbon fiber for aviation and ball bearings for various industries [3] - European, Japanese, and American rivals are now on high alert due to improving Chinese quality and yield [3]

Hungary is struggling to turn its industrial sector around, data shows, as weakness in battery production continues to pull back manufacturing https://t.co/KYHEeen8gW ...