Gränges predicts poor demand for HVAC in short term
The third quarter already showed an HVAC market weakened considerably due to falling consumer demand and destocking at manufacturers and distributors.
Tag: Earnings
Kaiser updates expansion projects, raises EBITDA outlook again
The company again upwardly revised its full-year adjusted EBITDA outlook, expecting it to improve 20%-25% year over year.
Hydro's Q3 results show stable output but volatile margins
The results show Hydro holding its operational footing even as profitability becomes harder to predict as margins swing sharply year over year, and even quarter to quarter.
ADI confident automakers will stick with aluminum despite disruptions
A fire at a Novelis aluminum mill in September shook up domestic supply for automakers
Ford confirms Novelis Oswego hot mill restart expected by early December
Ford executives said the automaker expects aluminum supplier Novelis to restart its fire-damaged Oswego, NY hot mill by late November or early December.
ADI sees more aluminum growth ahead
“We will see how things go over the next six to eight months or so, but there is definitely growth opportunity there," CEO says.
Novelis' Q2 margin squeeze amid diverging end markets
Novelis' Q2 results show how a split in end-market demand, firm scrap costs, and new capacity on the horizon are tightening margins in the North American flat-rolled market.
Second-quarter breakdown: Tracking divergence in automotive aluminum
Second quarter results from U.S. aluminum producers reveal a widespread reset in automotive demand, with shipment patterns diverging by product type, customer tier, and end-use sector.
Kaiser raises outlook, continues expansion projects
Kaiser Aluminum is raising its earnings outlook and doubling down on expansion as demand recovery takes shape.
Crown and Ardagh ride beverage demand in Q2
Strong beverage demand carried Crown and Ardagh through Q2, but inventory buffers are shrinking and production is running near full tilt.