US EditionAres Commercial Real Estate Corporation Reports First Quarter 2025 Results
- Hyster-Yale, Inc. Reported Q1 2025 consolidated revenues of $910.4 million and operating profit of $21.3 million from Cleveland on May 6, 2025.
- The decline in revenues and profit compared to 2024 results resulted from reduced lift truck demand, tariffs, and price increase lags amid a challenging economic environment.
- The company expects Q2 production increases driven by strong Q1 bookings of $590 million, with modest sequential revenue growth but a moderate decline in consolidated operating profit.
- The strategic restructuring of the Nuvera fuel cell division is intended to enhance short-term profitability and develop a unified program for energy solutions at the Billerica, Massachusetts site, with anticipated annual cost savings of $15 to $20 million beginning in the latter half of 2025.
- The company aims to achieve an operating profit margin of around 7% over the course of the business cycle, although factors such as rising material costs, tariffs, and geopolitical uncertainties present challenges to the forecast for 2025.
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The Conway Daily Sun+38 Reposted by 38 other sources
HYSTER-YALE ANNOUNCES FIRST QUARTER 2025 RESULTS
Q1 2025 Consolidated Highlights:
ICTSI reports first quarter growth surge
David Sexton PHILIPPINE logistics giant, ICTSI, has reported consolidated volumes of 3,471,913 TEU equivalent across its terminal in the first quarter of 2025, a 12 percent jump from the same period in 2024. According to the company, the growth was mainly due to the impact of “new services and improvements” in trade activities at certain terminals, volume recovery at Contecon Guayaquil S.A. (a terminal in Ecuador) and the contribution of Visaya…
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