Inventory Destocking

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Celanese Corporation (CE) Drops 13% Amid Another Inventory Destocking Disclosure -- Hagens Berman
Prnewswire· 2025-09-12 04:47
Accessibility StatementSkip Navigation SAN FRANCISCO, Sept. 11, 2025 /PRNewswire/ -- On August 12, 2025, investors in Celanese Corporation (NYSE: CE) saw the price of their shares fall $6.20 (-13%) after the company reported its Q2 2025 financial results and revealed ongoing inventory destocking issues. The company's earnings disclosures have prompted national shareholders rights firm Hagens Berman to open an investigation into whether Celanese may have misled investors about its sales practices and growth ...
Howmet Aerospace Inc. (HWM) Presents At Jefferies Industrials Conference (Transcript)
Seeking Alpha· 2025-09-05 01:20
Question-and-Answer SessionJohn, you've done a fabulous job when it comes to Howmet. There was one interesting contrast in the second quarter results, where many suppliers, including yourself, saw an inventory destocking, but Howmet's commercial OE business still grew low single digits unlike many. So in large part because of the actions you've taken over the past year, are you seeing any sense of shift from your OEM customers? And how do you think you're keeping -- how are you thinking about supply chain l ...
American Vanguard (AVD) - 2025 Q2 - Earnings Call Presentation
2025-08-01 05:00
业绩总结 - 公司第二季度净销售额为1.293亿,较去年同期增长1%[10] - 调整后的EBITDA为1100万美元,较去年同期的600万美元几乎翻倍,EBITDA利润率从5%提升至9%[7][4] - 毛利率达到31%,为过去五个季度的最高水平,较去年同期的29%有所提升[14][5] - 公司在第二季度的美国作物收入为5267.4万美元,同比增长1%[10] - 公司国际业务的销售额为5705.4万美元,较去年持平,但利润率有所提高[12] 未来展望 - 公司维持2025年EBITDA指导范围为4000万至4400万美元,收入指导范围为5.35亿至5.45亿美元[6] - 公司在2025年预计将产生强劲的自由现金流,计划将几乎所有自由现金流用于偿还债务[20] - 行业去库存的趋势似乎已基本结束,行业正在经历逐步复苏[5][11] 成本控制 - 公司在运营费用上削减了13%,销售、一般和行政费用较去年减少200万美元,研发和产品开发费用减少300万美元[17] - 公司在运营中减少了对债务的依赖,循环信用额度从2.11亿美元降至1.9亿美元[19]