Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Tecumseh Products Warns of Q2 Profit Shortfall
Jul 8, 2003
 Printable format
 Email this Article
 Search
Tecumseh Products Co., a manufacturer of small engines, warned that its second-quarter profit will fall short of estimates due to soft demand, high raw material costs and a weak U.S. dollar. The company, based in Tecumseh, MI, U.S., said it expects second-quarter earnings of U.S. $0.55 to $0.60 per share before previously announced plant closing charges of $28 million to $30 million. On a GAAP basis, the company said it expects a loss of $0.37 to $0.49 per share. The company said quarterly results have been unfavorably impacted by factors such as unseasonably cool and wet spring weather, soft demand, upward pressure on raw material costs, competitive pricing circumstances, and the unfavorable effects of a weak U. S. dollar. (Reuters)

Back to Daily News

 

Daily News

...........................................................

Aug 29, 2014: Adaptive Frequency Drive Increases Trane Chiller Efficiency

Aug 29, 2014: Vitamix President Receives Entrepreneur of the Year Award

Aug 28, 2014: LG Heat Pump Clothes Dryer Earns Emerging Technology Award

Aug 28, 2014: Early Snowthrower Demand Boosts Toro Sales

Aug 27, 2014: Sustainability Standard Launched for Household Portable and Floor Care Appliances

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows