Tuesday, August 1, 2023

Daimler Truck -- Has It Turned The Corner? Reports Record Margins Despite Rising Costs -- August 1, 2023

Locator: 45286TRUCKING.

Link here.

This article corroborates what I've heard elsewhere.

Highlights:
  • 2Q23 adjusted return on sales: 10.3% for its industrial business
  • supply chains were easing
  • some bottlenecks but no major production downtime was expected
  • company's order intake was down partly because it had not yet opened up order books for next year
  • guidance: "won't be a bad year next year"
  • guidance: raised approx 100 basis points

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