Profit margin – Kat Masters http://katmasters.com/ Fri, 01 Jul 2022 01:05:35 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://katmasters.com/wp-content/uploads/2021/06/icon-2021-06-25T173039.237-150x150.png Profit margin – Kat Masters http://katmasters.com/ 32 32 More high-margin cars seen from BAuto https://katmasters.com/more-high-margin-cars-seen-from-bauto/ Fri, 01 Jul 2022 01:05:35 +0000 https://katmasters.com/more-high-margin-cars-seen-from-bauto/ PETALING JAYA: Bermaz Auto Bhd (BAuto) is expected to launch more high-margin vehicles, especially sports utility vehicles (SUVs) and electric cars, which could boost earnings growth. The auto distributor recently launched its all-new Mazda CX-8, a completely knocked-down (CKD) model that is expected to further boost current backorders. Amid rising inflation, Kenanga Research believes that […]]]>

PETALING JAYA: Bermaz Auto Bhd (BAuto) is expected to launch more high-margin vehicles, especially sports utility vehicles (SUVs) and electric cars, which could boost earnings growth.

The auto distributor recently launched its all-new Mazda CX-8, a completely knocked-down (CKD) model that is expected to further boost current backorders.

Amid rising inflation, Kenanga Research believes that the higher price of Mazda CX-8 at RM3,000 is to protect BAuto’s margin due to increased operating costs.

“Mazda CX-8 accounted for 15% and 30% of BAuto’s total unit sales and revenue, respectively,” it said in a report.

“Mazda’s current order book stands at 10,000 units, to be fulfilled by the first quarter of next year, further strengthening its high profit margin position without the need to incur additional costs for absorb sales and service tax for orders before June 30, 2022,” he added.

Mazda Malaysia Sdn Bhd, 30% owned, and Inokom Corp Bhd, 29% owned, BAuto’s partners, are expected to increase capacity, capitalizing on exciting new CKD launches including the CX-8 for the export.

Kenanga Research expects utilization at both plants to exceed 50% over the next three quarters, compared to 30% utilization in fiscal 2021, especially with the expected arrival of auto parts following the recent reopening of the Port of Shanghai.

According to the research house, there is a growing demand for SUVs and electric vehicles (EVs), which are seeing growing awareness as global EV volume grew by 120% in 2021.

“In response to demand from the EV niche market, BAuto launched the all-new MX-30 EV Completely Built Units (CBU) and the all-new KIA EV-6 GT-Line AWD CBU with limited units for the first batch to test the response for greater CBU volume or a shift to CKD production,” he said.

He added that on average, CKD’s margin is 5% higher than CBU’s.

BAuto has the highest after-tax profit margin (PAT) among automakers, averaging 8% compared to the average PAT margin of local and Japanese peers at 5%, according to Kenanga Research.

The research house favors BAuto because it offers the most high-margin new launches and the highest after-tax profit and minority interest margin, which is head and shoulders above its peers.

He reiterates his call to “outperform” BAuto with a target price of RM2.30 per share.

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Flippers now account for no less than 10% of home sales https://katmasters.com/flippers-now-account-for-no-less-than-10-of-home-sales/ Tue, 28 Jun 2022 09:50:20 +0000 https://katmasters.com/flippers-now-account-for-no-less-than-10-of-home-sales/ One in 10 homes sold in the United States in the first quarter of 2022 were “flipped” – or bought and sold in one year by an arm’s length buyer – the highest level since 2000. Why is this important: As rising home prices have turned house flipping into a blood sport, profit margins are […]]]>

One in 10 homes sold in the United States in the first quarter of 2022 were “flipped” – or bought and sold in one year by an arm’s length buyer – the highest level since 2000.

Why is this important: As rising home prices have turned house flipping into a blood sport, profit margins are shrinking, reflecting rising mortgage rates and rising labor and material costs.

Driving the news: Returning home has been on the rise for five straight quarters, according to ATTOM, which maintains a national real estate database.

  • In the first three months of the year, 114,706 single-family homes and condominiums in the United States were returned, representing 9.6% of home resales transactions.
  • This figure was up from 6.9% in the fourth quarter of 2021 and 4.9% in the first quarter of last year.
  • But gross profits from those deals were lower than a year ago and profit margins fell to their lowest level since 2009, ATTOM said.

What they say : “The good news for fix-and-flip investors is that demand remains strong from potential buyers,” said Rick Sharga, executive vice president of market intelligence at ATTOM.

  • “The bad news is that rising mortgage interest rates are starting to slow home price appreciation rates and buyers have become more selective,” he added.
  • Buyers are “less willing to outbid other buyers for properties they are interested in,” Sharga said, adding, “This has a predictable impact on profit margins for investors.”

The big picture: Institutional pinball machines are often seen as the big bad guys in the nation’s acute housing shortage, in which affordable housing and “starter” homes are especially scarce.

  • “From individuals with smartphones and a few thousand dollars, to pension and private equity firms with billions, yield-seeking investors are snapping up single-family homes to rent or flip,” the Wall Street reported. Newspaper last year.
  • They are “competing for homes with regular Americans” and driving up prices, the Journal said.
  • “You now have permanent capital competing with a young couple trying to buy a house,” John Burns, a real estate consultant, told the Journal, adding, “It’s going to make American housing permanently more expensive.”

Other factors – such as lackluster new home construction and the rising cost of lumber – have also played a huge role.

  • A 2021 Freddie Mac analysis estimated the national housing unit shortage at 3.8 million, while a National Association of Realtors report from the same year found an “underconstruction gap” of 5 .5 to 6.8 million units since 2001.

Where they return: Phoenix won the flip prize for the first quarter of 2022: 18.7% of all home sales were flipped there.

  • This is followed by Charlotte, North Carolina (18%); Tucson, Arizona (16.2%); Atlanta, Georgia (16.1%); and Jacksonville, Florida (16%).

Where they are not: Olympia, Wash., had the lowest return-to-home rate of the metro areas analyzed by ATTOM: 4.4%.

  • Next in line were Portland, Maine (4.6%); Salem, Oregon (4.7%); Syracuse, New York (4.7%); and Davenport, Iowa (4.9%).

By the numbers: As starry-eyed investors continue to stare and flip, their ROI dwindles: Typical returns decreases in three-quarters of metropolitan areas, ATTOM said.

  • Flipped homes resold at a median price of $327,000 in the first quarter of 2021. This represents a gross profit of $67,000 above the median investor purchase price of $260,000, which translates to a margin beneficiary of 25.8%.
  • But profit margins shrank in the first quarter of 2022 from the previous quarter in 73% of metro areas with enough data to analyze, ATTOM said.

Most investors pay cash for the homes they flip. Nearly two-thirds of houses reversed in the first quarter — 62.7% — had been purchased by pinball machines without financing.

  • This is virtually unchanged from the previous quarter (62.9%) and slightly up from 60.9% in the first quarter of 2021.
  • As interest rates rise, “cash buyers should be in an even better position in the fix-and-flip market,” Sharga said. “It will be interesting to see if the percentage of cash purchases and purchases made by larger, better capitalized investors increases in the coming quarters.

And after: The fix-and-flip market is expected to cool alongside the broader real estate market as mortgage rates rise, house prices soften, and labor and building materials remain scarce.

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Smart for Life announces the first quarter of 2020 https://katmasters.com/smart-for-life-announces-the-first-quarter-of-2020/ Sat, 25 Jun 2022 21:13:40 +0000 https://katmasters.com/smart-for-life-announces-the-first-quarter-of-2020/ Company achieves 679% year-over-year revenue growth as part of a successful acquisition strategy Gross profit margin increased to 34.1% compared to 3.7% for the same period last year MIAMI, May 16, 2022 (GLOBE NEWSWIRE) — Smart for Life, Inc. (SMFL) (“Smart for Life” or the “Company”)a global leader in the development, marketing and manufacturing of […]]]>

Company achieves 679% year-over-year revenue growth as part of a successful acquisition strategy

Gross profit margin increased to 34.1% compared to 3.7% for the same period last year

MIAMI, May 16, 2022 (GLOBE NEWSWIRE) — Smart for Life, Inc. (SMFL) (“Smart for Life” or the “Company”)a global leader in the development, marketing and manufacturing of nutritional and related products, today provided a business update and released financial results for the first quarter ended March 31, 2022.

“I am pleased to report that we achieved significant revenue growth through both organic growth and the successful execution of our acquisition strategy, to $4.5 million this quarter,” said Darren Minton, Managing Director of Smart for Life. “By acquiring three companies, including Doctors Scientific Organica (DSO), Nexus Offers (Nexus) and GSP Nutrition (GSP) since the same period last year, we have been able to significantly expand our product lines, production capabilities, distribution and marketing capabilities.”

During the first quarter ended March 31, 2022, Smart for Life delivered 679% year-over-year revenue growth to $4.5 million. Additionally, gross profit increased more than seventy-fold to $1.5 million for the first quarter ended March 31, 2022, compared to just $21,000 for the first quarter ended March 31, 2021. , the company’s gross margin increased to 34.1% from 3.7% for the same quarter last year. The increase in gross profit and gross margin reflects both improved product mix and lower cost of materials due to increased purchasing power.

“It is important to note that our operating expenses included one-time non-cash interest expense of $11.2 million related to shares issued at the time of the IPO, as well as other non-cash expenses of $1.2 million. dollars,” noted Mr. Minton. “We also incurred significant costs of $0.7 million this quarter related to the IPO and public company costs that we did not have last year. Therefore, we believe that the next quarters will better reflect the true operational synergies of our business model. We believe we will begin to see improvements in the coming quarters as we consolidate operations, eliminate duplicate costs and grow our various business units. Overall, we believe we have built a highly scalable business model and expect to experience improved operational efficiencies as we leverage our fixed costs, which should translate into significant profitability as we continue. to increase our income.

“Through accretive acquisitions, our goal is to achieve $100 million in revenue over the next 24 months,” commented AJ Cervantes, Jr., Executive Chairman of Smart for Life. “To that end, we have announced a definitive agreement to acquire Ceautamed Worldwide, a leading vitamin and supplement company that markets and distributes a wide variety of nutritional products, including antioxidant-rich supplements, plant-based proteins, alkalizing nutrients and products designed for weight management. . Their Greens First brand is widely recognized as one of the best true green powders on the market. Ceautamed fits perfectly into our growing portfolio of brands, and our strategy is to accelerate the growth of Ceautamed by leveraging our distribution relationships and digital marketing platform, in addition to migrating their manufacturing to our factory in state-of-the-art, proprietary manufacturing that results in immediate cost savings.

Mr. Minton continued, “We are also advancing projects related to GSP Nutrition’s Sports Illustrated Nutrition™ brand for certain dietary and nutritional supplements. Our product line already includes a growing list of high-quality products, such as whey protein powder, joint health, pre- and post-workout mixes, omega-3 supplements, and more. We believe the tremendous brand recognition associated with Sports Illustrated will allow us to expand rapidly into new retail and online marketing channels. To that end, we look forward to providing further updates as developments unfold.

“During the quarter, we announced that we have expanded our sales channels by launching the DSO brand on Amazon Singapore. Smart for Life has been selected by Amazon to introduce several of its key SKUs to Amazon’s storefront in Singapore. This launch represents an important new market for Smart for Life and enhances our existing international sales in Canada, Mexico and overseas. We made tremendous progress in the first quarter growing our business through acquisitions and are well positioned to achieve a number of key milestones that we believe will generate significant shareholder value,” concluded Mr Minton.

Financial results

Revenue increased to $4.5 million in Q1 2022 from $0.6 million in Q1 2021, an increase of $3.9 million or 679%. The increase is mainly due to the acquisitions of DSO, Nexus and GSP which were completed in 2021. Gross profit increased to $1.5 million in the first quarter of 2022 from $0.02 million in the same period l last year, an increase of $1.5 million due to acquisitions completed in 2021. Net loss attributable to common shareholders was $16.7 million in Q1 2022, compared to $0.8 million in Q1 2021, primarily due to increased general and administrative expenses of $4.4 million and total other expenses of $13.3 million.

The Company reported Adjusted EBITDA of ($2.8 million) in the first quarter of 2022, compared to Adjusted EBITDA of ($0.6 million) in the first quarter of 2021. The Company defines EBITDA as earnings before interest, taxes and depreciation and amortization. Adjusted EBITDA is defined as EBITDA before other expenses and day 1 loss and changes in fair value of derivative liabilities. EBITDA and Adjusted EBITDA are not performance measures calculated in accordance with generally accepted accounting principles in the United States of America (“GAAP”) and should not be considered in isolation or as a substitute for earnings as an indicator of the operating performance or cash flow from operating activities as a measure of liquidity. The Company believes that the presentation of EBITDA and Adjusted EBITDA is relevant and useful in enhancing readers’ ability to understand the Company’s operating performance. The Company’s management uses EBITDA and Adjusted EBITDA as a means of measuring performance. The Company’s EBITDA and Adjusted EBITDA measures may not be comparable to similarly titled measures presented by other companies. The table below reconciles EBITDA and Adjusted EBITDA, two non-GAAP measures, with GAAP net loss figures for the three months ended March 31, 2022 and 2021.

Q1 2022 Q1 2021
Net loss $ (16,574,477 ) $ (780,641 )
Interest 12,757,479 74,840
Taxes
Depreciation and amortization 423,010 54,008
EBITDA (3,393,988 ) (651,793 )
Other expenses 506 133 7,797
Day 1 loss and changes in fair value of derivative liability 38,997
Adjusted EBITDA $ (2,848,858 ) $ (643,996 )

About Smart for Life, Inc.

Smart for Life, Inc. (SMFL) is engaged in the development, marketing, manufacturing, acquisition, operation and sale of a wide range of nutritional and related products with an emphasis on health and The well-being. Structured as a global holding company, the company executes a buy-and-build strategy with serial accretive acquisitions creating a vertically integrated company with the goal of bringing together companies generating a minimum of $300 million in revenue over the next thirty-six months. To drive growth and profits, Smart for Life develops proprietary products and acquires other profitable companies, encompassing brands, manufacturing and distribution channels. The Company currently operates four subsidiaries, including Doctors Scientific Organica, Nexus Offers, Bonne Santé Natural Manufacturing and GSP Nutrition. For more information about Smart for Life, please visit: www.smartforlifecorp.com.

A video regarding the company’s manufacturing facility at Bonne Santé Natural Manufacturing is available at: www.bonnesantemanufacturing.com/video.

Investor materials and a fact sheet with additional information about Smart for Life are available at: www.smartforlifecorp.com/investor-center.

Forward-looking statements

This press release may contain information about our views on future expectations, plans and prospects that constitute forward-looking statements. All forward-looking statements are based on management’s beliefs, assumptions and expectations regarding the future economic performance of Smart for Life, taking into account information currently available to it. These statements are not statements of historical fact. Although Smart for Life believes that the expectations reflected in these forward-looking statements are based on reasonable assumptions, it cannot guarantee that its expectations will be achieved. Smart for Life assumes no obligation to update any statements contained herein (including forward-looking statements), except as required by law. There can be no assurance that Smart for Life will be successful in acquiring its acquisition targets. Forward-looking statements are subject to a number of factors, risks and uncertainties, some of which are not currently known to us, which could cause the actual results, performance or financial condition of Smart for Life to be materially different from expectations of future results, performance or financial condition. Actual results may differ materially from the expectations discussed in the forward-looking statements. Factors that could cause actual results to differ materially from expectations include general industry considerations, regulatory changes, changes in local or national economic conditions and other risks set forth in the “Risk Factors” included in our documents. filed with the Securities and Exchange Commission.

Investor Relations

Crescendo Communications, LLC
Tel: (212) 671-1021
[email protected]

Smart-For-Life-Inc-.png

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How does this affect small businesses and their income https://katmasters.com/how-does-this-affect-small-businesses-and-their-income/ Tue, 21 Jun 2022 21:37:05 +0000 https://katmasters.com/how-does-this-affect-small-businesses-and-their-income/ By Catherine Hutchison, senior director for Threadsy.com, Inflation is a measure of rising prices in our economy. Right now, inflation is a priority because most Americans are paying more than they used to for everyday purchases like food, gas, clothing, child care and more. Regular necessities have become far from affordable for some low-income households […]]]>

By Catherine Hutchison, senior director for Threadsy.com,

Inflation is a measure of rising prices in our economy. Right now, inflation is a priority because most Americans are paying more than they used to for everyday purchases like food, gas, clothing, child care and more. Regular necessities have become far from affordable for some low-income households and this is a pressing issue for many. According to the latest report from the Bureau of Labor Statistics, the annual inflation rate in May was 8.6%, its highest level since 1981, as measured by the consumer price index. The United States is not the only place where people are getting an inflationary boost. A Pew Research Center analysis of data from 44 advanced economies finds that in nearly all of them consumer prices have risen significantly since pre-pandemic times (https://www.pewresearch.org/fact-tank/2022/ 06/15 /in-the-united-states-and-around-the-world-inflation-is-high-and-rising/).

Small businesses are more than ever affected by the rising prices of goods and services due to inflation. Data from MetLife and the US Chamber of Commerce found that 85% of small business owners surveyed said they were concerned about inflation. And 1 in 3 cited inflation as their top business concern (https://www.forbes.com/sites/forbesfinancecouncil/2022/05/25/the-impact-of-inflation-on-small-businesses-and -how-to-manage-it/?sh=2eb4091cae41). According to a Business.org survey, 92% of small business owners surveyed have faced rising costs since the pandemic began. The supplies and services you need to run your business are more expensive, and 26% saw their costs increase by 20% (https://www.forbes.com/sites/forbesfinancecouncil/2022/05/25/the- impact-of-inflation-on-small-businesses-and-how-to-manage-it/?sh=2eb4091cae41).

Small businesses are particularly affected by the inflation that is currently occurring for several reasons. First, the timing couldn’t be worse. After two years of pandemic-related shutdowns and pivots, many small businesses have not returned to pre-Covid sales. Now entering a new phase of post-pandemic recovery, business owners are also having to deal with rising prices. Everything from supplies to rent to salaries has become more expensive, and cost increases for many small businesses far outweigh any price adjustments they can pass on to customers. Finally, as the Fed raises interest rates to slow inflation, it can hurt small businesses by making it more expensive for them to obtain loans and credit. It’s a lot for small business owners to navigate through an already difficult time.

As we know, as the cost of products and services increases, consumers start to buy less and less, therefore, many small businesses see their income decrease due to inflation. Rising costs mean tighter profit margins. Some business owners may opt for a pay cut as part of overall cost management, which reduces their individual earning capacity. Others may see a drop in leading sales as wallets tighten. There are other small business owners who try to raise their prices in order to make a profit to keep up with inflation, which only drives some consumers away from that small business, knowing that they could find “better price” elsewhere. Whether people have their small business as a full-time job or a side hustle, tighter profit margins make it extremely difficult for them to also pay for expenses for food, gas, clothing and more.

Threadsy helps small businesses by providing access to wholesale apparel quantities and prices, with no minimum order or special credit requirements. Being able to obtain smaller quantities of supplies in bulk without a price markup allows small businesses to better manage their cash flow, hold less inventory and in turn offer lower prices to their customers. We have recently seen an increase in orders from small apparel companies as the demand for affordable event T-shirts is on the rise. We’ve also seen an increase in small business orders from landscapers, restaurants, builders and others looking to find low-cost options for employee uniforms and workwear. If we are able to help small businesses increase their profit margin, even slightly, to earn a living wage and increase their revenue, that is our goal. Our customers have told us firsthand how our pricing has made their small businesses manageable and profitable, and we want that to continue for as long as possible. They try to maximize profits by staying small and cutting expenses where possible, and we’re glad Threadsy can help with that.

Authors biography :

Kathryn Hutchison is the Managing Director of Threadsy, one of the nation’s leading online retailers for virgin apparel. She joined Threadsy in 2021, leading the launch of the business and achieving significant growth in the company’s first year. Prior to Threadsy, Hutchison held several leadership positions in marketing and e-commerce at RetailMeNot and Whole Foods Market.

When she’s not hard at work selling shirts, Hutchison loves trying new DIY decorating techniques at her home in Austin, Texas. Her current favorite t-shirt is the Next Level Apparel Women’s Triblend Dolman T-Shirt (style 6760) in Vintage Navy, perfect to wear to cheer on the Dallas Cowboys.

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Rising costs for local farmers are hurting consumers | News, Sports, Jobs https://katmasters.com/rising-costs-for-local-farmers-are-hurting-consumers-news-sports-jobs/ Sun, 19 Jun 2022 04:09:06 +0000 https://katmasters.com/rising-costs-for-local-farmers-are-hurting-consumers-news-sports-jobs/ Brian Barth is one of the Mahoning Valley farmers feeling the effects of rising prices, and now rising interest rates, which in turn will impact their consumers. Barth and his brothers own BNB Farms Inc., which comprises 3,000 acres among 40 parcels from Mount Jackson, Pennsylvania to Poland. Staff Photo/Emily Scott […]]]>

Brian Barth is one of the Mahoning Valley farmers feeling the effects of rising prices, and now rising interest rates, which in turn will impact their consumers. Barth and his brothers own BNB Farms Inc., which comprises 3,000 acres among 40 parcels from Mount Jackson, Pennsylvania to Poland. Staff Photo/Emily Scott

Most Americans are feeling the strain that rising fuel prices are putting on their wallets, but for one group, it’s not just the price, but the resulting shortages.

Local farmers are feeling the effects of rising prices and now rising interest rates, which will in turn impact their consumers.

“It’s more than the price of fuel right now,” said Brian Barth, who along with brothers Scott and Dan owns BNB Farms Inc., which includes 3,000 acres among 40 plots in Mount Jackson, Pa. to Poland.

“The fuel situation has caused so many shortages and price increases for other products that we need to grow. Consumers don’t realize that they are one season away from having the products they expect from us. “, he warned.

Agriculture accounts for about 20% of Ohio’s gross domestic product, and 1 in 7 Ohioans are employed in industry, according to World Atlas.

The war in Ukraine, whose flag depicts blue skies over a wheat field, has severely affected farmers 5,000 miles away in the Mahoning Valley. Together, Russia and Ukraine export more than a quarter of the world’s wheat. Russia alone exports about a quarter of the world’s natural gas.

The war led to instability for both countries and their exports fell as a result. They have the same growing season as the United States, so the war comes at a time when American farmers have traditionally relied on their exports of natural gas and fertilizer for their crops.

Corn loves nitrogen, a fertilizer for the crop. This year it is an expensive commodity due to a global shortage of natural gas. Nitrogen for Barth’s 5,000 gallon tank typically costs around $7,500; now it’s $25,000.

Natural gas is also needed once the corn is harvested, to dry it slightly so that it does not rot.

Barth usually plants half of his fields with corn and the other half with soybeans. This year, he has sown a third of the fields with corn and two-thirds with soybeans.

He said many other U.S. farmers likely did the same, but until the U.S. Department of Agriculture releases its annual plantation report, there’s no way to know for sure.

A corn shortage will likely result from higher nitrogen prices, Barth predicted.

SUPPLY CHAIN

Fertilizer prices have doubled or tripled for farmers due to many supply chain issues worsening at the same time.

Schwartz Farms in Cortland pays between $90 and $120 per acre to fertilize its crops. Last year he paid $20 to $30 an acre.

“There were a lot of guys who bought seed, were ready to plant, and were totally caught off guard by fertilizer prices,” said John King, chief operating officer of Schwartz Farms.

Off-road diesel, which is used in farm equipment, was up $2 a gallon from this time last year. Combined, fuel and fertilizer costs for Schwartz Farms increased by 200%, adding approximately $350,000 to farm input costs.

Schwartz Farms grows corn, wheat and soybeans, as well as a handful of specialty crops. He also contracts about 14,000 acres in Ohio, Pennsylvania and New York.

PRICE TAGS

Due to higher input costs, farmers are able to sell at higher prices.

The price of wheat doubled, which, according to Rick Molnar of Molnar Farms in Poland, helped cover some of the initial costs.

“We can’t change much about our input costs,” Molnar said. “We have to do what we have to do and look forward to next year.”

He can now sell wheat for $10 to $11 a bushel, up from $5 a bushel last year. This has caused his farm to manage more cash than usual, but it will go towards paying the high input costs. He doesn’t think the farm will make higher profits.

Soy and corn are used as alternatives to wheat. Due to the high price of wheat, the demand for corn and soybeans has increased, pushing up their prices.

Soybeans are currently selling at about 1 1/2 times the usual price, and the price of corn has doubled. Barth thinks that won’t be enough. He’s already taken out a loan to help cover this year’s input costs, and he’ll likely have a lower profit margin than most years.

NEXT YEAR

“This year, I think most farms will be fine,” King said. “Next year, as costs continue to rise, we may see some people having to take out big loans and make tough decisions.”

Last week, the Federal Reserve raised interest rates by three-quarters of 1%, the biggest hike since 1994. That could hurt local farmers for years to come, he said.

Because crops are being sold at higher prices this season, the seeds for planting next year will be higher, King noted. Many farms will have lower profits this year, which could make it difficult to plant next year.

Later this summer and fall, farmers typically begin placing orders for seeds and other necessary materials, such as fertilizer, for spring planting. Because the costs are so high now, it might cause some to wait.

All of these additional costs that farms are currently facing will continue to pass through to consumers at harvest time.

CONSUMERS

“Costs to consumers could unfortunately get worse,” said Nick Kennedy, Farm Bureau organizing director for Columbiana, Mahoning, Portage and Stark counties. “But, we are already seeing higher prices in grocery stores because of these issues.”

Corn, wheat and soy are all used in a wide range of products, from food and cosmetics to fuels and adhesives. Thus, the high prices of these crops affect many other markets. This includes the livestock industry.

Farmers who raise livestock depend on those who grow crops for basic needs such as feed, straw and hay. It will become more expensive for these farmers to raise their animals, which will probably encourage many of them to raise less.

This will in turn lead to a shortage of meat, dairy and eggs, which will increase the prices for consumers of these items.

“The farming community depends on itself for so many products that we use every day,” King said. “When one area is hurt, we all suffer.”



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Membranes Market Size, Future Trends, Segmentation, Gross Margin, Opportunity Assessment and Industry Potential by 2027 – Instant Interview https://katmasters.com/membranes-market-size-future-trends-segmentation-gross-margin-opportunity-assessment-and-industry-potential-by-2027-instant-interview/ Thu, 16 Jun 2022 05:20:22 +0000 https://katmasters.com/membranes-market-size-future-trends-segmentation-gross-margin-opportunity-assessment-and-industry-potential-by-2027-instant-interview/ “ The Global Membranes Market report evaluates historical and current data along with an in-depth analysis of market dynamics. The report also throws light on the market growth driving and restraining factors that are expected to influence the growth of the market during the forecast period. The global Membranes Market studies the market scenario […]]]>

The Global Membranes Market report evaluates historical and current data along with an in-depth analysis of market dynamics. The report also throws light on the market growth driving and restraining factors that are expected to influence the growth of the market during the forecast period. The global Membranes Market studies the market scenario to offer growth projections for the Membranes industry for the forecast period 2020-2027.

Request a free sample (to understand the full structure of this report [Summary + TOC]) @ https://www.emergenresearch.com/request-sample/471

The global membrane market size was USD 5.59 Billion in 2019 and is projected to reach USD 10.81 Billion by 2027, growing at a CAGR of 9.1% during the forecast period. The market is mainly driven by the growing need to treat water which is heavily contaminated with heavy metals, cyanides and dyes. The growing problem of water scarcity in developing countries is affecting industrial activities and sustainable agricultural production, which is driving the membrane market. The increasing use of membrane technology for water treatment in the agricultural sector is also contributing to the membrane market. Increasing research and development activities for the development of new technologies to reduce the costs associated with wastewater treatment is expected to drive the advancement of membrane technology during the forecast period.

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Global Membranes Market report provides comprehensive company data coverage including details of their production and manufacturing capacity, product portfolio, business overview, revenue, gross profit margins, network sales and distribution channel, financial position and position in the membrane market.

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The main companies studied in the report are:

Toray Industries, DuPont, Koch Separation Solutions, Hydranautics, Pentair, Lanxess, Asahi Kasei Corporation, LG Water Solutions, Suez, Pall Corporation

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The report offers an accurate forecast estimate of the Membranes industry based on recent advances in technology and research. It also offers valuable data to help investors formulate strategic business investment plans and capitalize on the emerging growth prospects in the Membranes Market. The report studies the historical data of the Membranes market and offers valuable insights into key segments and sub-segments, revenue generation, demand and supply scenario, trends, and other vital aspects.

The segments covered in this report are:

  • Technology Outlook (Volume: Kilo Tons) (Revenue, USD Billion; 2017-2027)

  • Material Outlook (Volume: Kilo Tonnes) (Revenue, USD Billion; 2017-2027)

  • Application Outlook (Volume: Kilo Tons) (Revenue, USD Billion; 2017-2027)

    • industrial processing
    • Water and wastewater treatment

Browse Full Report Description + Research Methodology + Table of Contents + [email protected] https://www.emergenresearch.com/industry-report/membranes-market

Settings Details
Market size estimation period 2020 – 2028
Base year considered 2019
Historical data 2015 – 2019
Forecast period 2020 – 2028
Quantitative units Revenue in USD Million and CAGR from 2020 to 2028
Segments Covered Types, applications, end users, regions and more.
Report cover Revenue Forecast, Business Ranking, Competitive Landscape, Growth Factors and Trends
Regional scope North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
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Regional analysis:

The report further examines the Membranes Market in key regions of the world with respect to production & consumption patterns, import/export, supply & demand ratio, revenue generation, market share & size and the presence of leading players in the regions. The Membranes report also covers expansion plans undertaken by the companies in the regions in the regional analysis section.

The regional market analysis includes information on production volume, consumption volume and patterns, revenue and growth rate for the forecast period 2020-2028.

According to the regional analysis, the market is primarily split across the key geographical regions as follows:

  • North America (US, Canada)
  • Europe (UK, Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, Rest of MEA)

Key report objectives:

  • Analysis and estimation of the membrane market size and share for the projected period of 2020-2027.
  • In-depth analysis of major market players by SWOT analysis and Porter’s Five Forces analysis to give a clear understanding of the competitive landscape.
  • Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global membranes market.
  • Analysis of growth prospects for stakeholders and investors through the study of growth segments.
  • Strategic recommendations to established players and new entrants to capitalize on emerging growth opportunities.

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Tesla’s Chinese production decline tends to be deeper than Elon Musk predicted https://katmasters.com/teslas-chinese-production-decline-tends-to-be-deeper-than-elon-musk-predicted/ Sun, 12 Jun 2022 05:44:58 +0000 https://katmasters.com/teslas-chinese-production-decline-tends-to-be-deeper-than-elon-musk-predicted/ Tesla’s Chinese production decline tends to be deeper than Musk predicted; data and memos Production at Tesla Inc’s Shanghai factory is set to fall by more than a third this quarter from the first three months of the year as China’s zero-COVID lockdowns caused disruptions to deeper production than Elon Musk had anticipated. The U.S. […]]]>

Tesla’s Chinese production decline tends to be deeper than Musk predicted; data and memos

Production at Tesla Inc’s Shanghai factory is set to fall by more than a third this quarter from the first three months of the year as China’s zero-COVID lockdowns caused disruptions to deeper production than Elon Musk had anticipated.

The U.S. automaker aims to manufacture more than 71,000 vehicles at its Shanghai plant in June, according to an internal production memo seen by Reuters.

With the 44,301 units produced in April and May, according to data from the China Passenger Car Association (CPCA), this would represent around 115,300 units in the second quarter.

In the first three months of the year, Tesla Shanghai manufactured 178,887 cars, according to the CPCA.

Tesla did not immediately respond to a request for comment on Thursday.

Mr. Musk, the company’s chief executive, said on a call with analysts in April that Tesla’s overall vehicle production in the second quarter would be “roughly equivalent” to the first quarter, saying production from Giga Shanghai was “coming back with a vengeance”. “.

He said Tesla would see “record weekly production of Giga Shanghai” after “a few weeks” of lost production.

“It’s also possible that we pull a rabbit out of the hat and be slightly higher,” he said of Telsa’s overall second-quarter production.

But Mr Musk has warned of the risks of a recession more recently. He told the entire company that it would be a pretty intense quarter as the COVID restrictions in Shanghai brought “a huge challenge”, and the factory was only returning to full production, the Electrek news site reported on Thursday. .

Last week, he told Tesla executives in an email that he had a “super bad feeling” about the economy and needed to cut jobs by about 10% and freeze hiring.

In a follow-up email to employees, he said Tesla had become “overstaffed in many areas” and would reduce the salaried workforce by 10%.

But in a tweet on Saturday, he backtracked and predicted the company’s total headcount would grow over the next 12 months.

Analysts have warned that Tesla’s first-quarter gross profit margin of nearly 33% is unlikely to hold up in the current quarter due to rising raw material costs and the Shanghai lockdown.

Tesla shares have fallen nearly a third since the start of the year.

With the recent easing of COVID restrictions in Shanghai, Tesla has managed to increase weekly production at its factory to more than 90% of the level before the city’s lockdown, which closed the factory for a record 22 days, people familiar with the case told Reuters.

The electric carmaker originally planned to increase daily production to 2,600 units in mid-May but was unable to do so until the end of the month, said the people, who declined to be identified because the matter is private.

The factory has been operating under so-called closed-loop management that has forced workers to sleep close to production lines and out of contact with others since mid-April.

Tesla aims to produce 17,000 cars a week from June 13, when it plans to end the closed-loop system and allow workers to resume commuting between their homes and the factory, according to an internal memo seen. by Reuters.

The Shanghai factory manufactures Model 3s and Model Ys for sale in China and for export to markets such as Europe and Australia.

Last year, cars made in China by Tesla accounted for about half of the 936,000 vehicles delivered worldwide, according to Reuters calculations using data from the China Passenger Car Association.

Its website showed that customers in Australia now have to wait nine to 12 months for their Model 3, while those in Europe cannot pick up their car until the fourth quarter of this year at the earliest.

For buyers in China, the wait time for Tesla cars made in China is between 10 and 24 weeks, according to the website.

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Labor cost inflation could moderate IT players’ profit margins by 1.5% https://katmasters.com/labor-cost-inflation-could-moderate-it-players-profit-margins-by-1-5/ Thu, 09 Jun 2022 21:06:00 +0000 https://katmasters.com/labor-cost-inflation-could-moderate-it-players-profit-margins-by-1-5/ The shrinkage will come on top of the up to 3.50% shrinkage on the operating profit margin front for most IT companies in FY22 Topicsinformation technology | inflation | IT companies Reuters Last Updated Jun 10, 2022 02:36 IST Operating profit margins for information technology companies may moderate to […]]]>

The shrinkage will come on top of the up to 3.50% shrinkage on the operating profit margin front for most IT companies in FY22

Topics
information technology | inflation | IT companies


Reuters



Operating profit margins for information technology companies may moderate to as low as 1.5% in the near term, as labor cost inflation resulting from high attrition hits industry players by more than $200 billion, according to a report released Thursday.

.

The shrinkage will add to the shrinkage of up to 3.50% on the operating profit margin front for most IT companies in FY22, according to the report from national ratings agency Icra.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)


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First published: Fri 10 Jun 2022. 02:36 IST

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JPMorgan sees 60% upside in beaten Paytm shares. Here’s why… https://katmasters.com/jpmorgan-sees-60-upside-in-beaten-paytm-shares-heres-why/ Tue, 07 Jun 2022 05:31:04 +0000 https://katmasters.com/jpmorgan-sees-60-upside-in-beaten-paytm-shares-heres-why/ JPMorgan called Paytm a “horizontal fintech leader” in India, having built more sources of monetization in payments, commerce and financial services than any of its competitors. “This gives it the unique ability to drive monetization and profit across multiple segments at a lower customer acquisition cost than its peers.” He expects Paytm to see strong […]]]>

JPMorgan called Paytm a “horizontal fintech leader” in India, having built more sources of monetization in payments, commerce and financial services than any of its competitors. “This gives it the unique ability to drive monetization and profit across multiple segments at a lower customer acquisition cost than its peers.”

He expects Paytm to see strong revenue growth across all of its business segments, driven by device monetization in payments, financial services cross-selling, ticketing recovery and growing monetization. ads. “We are seeing revenue growth of over 40% CAGR in FY22-26 to around Rs 21,750 Crore. We see it retaining the highest revenue and profit levels among its local vertical and global horizontal peers.

Risks JPMorgan sees to its rating and price target

  • Lower than expected growth in monthly transacting users and GMV per MTU.

  • Lower than expected loan growth and undetermined portfolio credit behavior risk.

  • Adverse regulatory risks for payment merchant discount rates and restrictions on digital lending.

However, not all brokerages are as bullish on Paytm as JPMorgan.

Macquarie – the first to give the digital payments platform a bearish rating ahead of its stock market debut – sees “tough times ahead”. The brokerage, which had made the most accurate call on Paytm’s parent company after listing, has a target price of Rs 450 each, with an “underperforming” rating.

Of the nine analysts following the company, four suggest a “buy”, two recommend a “hold” and three a “sell”, according to Bloomberg data. The average of the 12-month consensus price target implies an upside of 37.2%.

Shares of One97 gained as much as 2.2% to Rs 627.95 each in early trading on Tuesday.

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Laurent-Perrier: Financial press release https://katmasters.com/laurent-perrier-financial-press-release/ Fri, 03 Jun 2022 04:00:00 +0000 https://katmasters.com/laurent-perrier-financial-press-release/ Laurent Perrier Group Tours-sur-Marne, June 03, 2022 Financial hurry Releaseresults for the fiscal year 2021-2022 Laurent-Perrier announces a sharp increase in its results. The financial statements for the 2021-2022 financial year, ending March 31, 2022, were approved by the Management Board meeting on May 31, 2022 and examined the same day by the Supervisory Board. […]]]>
Laurent Perrier Group Tours-sur-Marne, June 03, 2022

Financial hurry Release
results for the fiscal year 2021-2022

Laurent-Perrier announces a sharp increase in its results.

The financial statements for the 2021-2022 financial year, ending March 31, 2022, were approved by the Management Board meeting on May 31, 2022 and examined the same day by the Supervisory Board.

The main audited consolidated financial data:

In €m
As of March 31, 2022
AF
2019-2020 (N-2)
(April 1, 2019 –
March 31, 2020)
AF
2020-2021 (N-1)
(April 1, 2020 –
March 31, 2021)
AF
2021-2022
(April 1, 2021 –
March 31, 2022)
Change vs AF N-1 Change vs AF N-2
Champagne sales 231.3 184.7 292.8 +58.6% +26.6%
Group turnover 242.4 195.2 305.6 +56.6% +26.1%
Operating result 41.2 41.3 77.0 +86.4% +86.9%
Operating margin % 17.8% 22.4% 26.3% +3.9 points
+ 8.5 points Net income (Group share) 23.7 25.2 50.2 +99.0%
+111.9% Earnings per share (in euros) €3.99 €4.25 €8.49 + €4.24
+ €4.50 Operating cash flow (**) + 14.3 + 3.6 +69.2 +65.6

+54.9
* Margin calculated on champagne sales only

** Operating cash flow – net investments

Commenting on the annual results, Mr. Stéphane Dalyac, Chairman of the Management Board, said: “In a champagne market that is experiencing strong growth in shipments and despite the tensions linked to the conflict in Ukraine, the Laurent-Perrier Group has recorded a strong increase in its results. This performance is supported by the global economic recovery following the improvement in the health situation and by the efforts undertaken for several years on the Group’s value policy. The Laurent-Perrier Group is So

maintain its strategy by continuing to rely on the quality of its Champagne wines, the quality of its teams, the strength of its brands and the control of its distribution.” To change

turnover:
During the period from April 1, 2021 to March 31, 2022, the global champagne market experienced significant growth in volume, reaching +34% compared to financial year N-1 and +13% compared to financial year N-2.

Over the same period, the Group experienced strong growth in its sales volume of +58.6% compared to FY N-1 and +26.6% compared to FY N-2. This performance, supported by the strong recovery of the market, is based on the solidity of the Group’s brands and the quality of its premium champagnes, which are recording market share gains. Turnover (champagne sales) for the year was thus up sharply, standing at €292.8 million at current exchange rates, with a positive price/mix effect of +4.4% vs FY N- 1 and +11.9% vs. FY N-2.Modification of the result

:

During the period from April 1, 2021 to March 31, 2022, the Group began the gradual recovery of its long-term investments, in particular in support of its brands and in commercial development. This resumption of investments was closely linked to the need to increase sales and control costs. All of this contributed to the improvement in the Group’s operating margin, which reached 26.3% at current exchange rates. Net income, Group share also rose sharply. It amounts to 50.2 million euros at current exchange rates and thus represents 16.4% of the Group’s consolidated sales. To change inoperational cash flow and financial structure

:
Operating cash flow for the period is up sharply by +€65.6 million compared to fiscal year N-1. This performance is linked to the growth in activity and the control of working capital requirements, in particular inventory management. The items in the consolidated balance sheet for the year ended March 31, 2022 once again demonstrate the solidity of the Group’s financial structure. Equity, Group share, amounted to €500.7 million and net debt

amounted to €225.1 million, including €125.7 million in available cash. Gearing thus improved significantly to reach a historically low level of 0.45, compared to 0.63 at March 31, 2021.

Net debt: financial debt and other non-current debt + current financial debt – available cash

  • Outlook
  • In a context of activity marked by the vigor and intensity of the resumption of champagne shipments in 2021, the Laurent-Perrier Group notes that the annual results published for the 2021-2022 financial year benefited from a context exceptional.
  • Faced with the uncertainties linked to the conflict in Ukraine, the inflationary pressures and the resulting monetary policies, all of which call for great caution, the Laurent-Perrier Group is continuing to execute its 2021-2025 business plan with vigilance and confidence. , and maintains its value strategy, which is based on four pillars:
  • A single business: The development and marketing of high-end Champagnes

A quality offer based on a partnership policy A portfolio of strong and complementary brands Well controlled worldwide distribution.

Laurent-Perrier is one of the rare family groups of champagne houses listed on the stock exchange, exclusively dedicated to champagne, and focused on the high end. It has a wide portfolio of products renowned for their quality, around Laurent-Perrier, Salon, Delamotte and Champagne from

castellane

brands.

ISIN code: FR 0006864484
Bloomberg: LPE:FPReuters: LPER.PA Laurent-Perrier belongs to compartment B of Euronext. CAC All Shares Main IndexIt is part of the composition of the EnterNext ©
PEA-PME 150 and Euronext
®
FAMILY BUSINESS indices.
Stephane Dalyac

Chairman of the Board
Laurent Perrier Group
Telephone: +33 3 26 58 91 22
The audit procedures relating to the consolidated financial statements for the 2021-2022 financial year have been carried out

by the auditors (KPMG and PwC) and the audit report is in the process of being issued.

All financial data will soon be published on the Laurent-Perrier Group’s financial website: https://www.finance-groupelp.com/

Appendices Champagne analysis
turnover
FISCAL YEAR 2021-2022
(April 1, 2021 – March 31, 2022) Champagne turnover (M€) 292.8
To change % vs AF N-1 vs AF N-2
Total change +58.6% +26.6%
of which volume effect +53.3% +14.4%
of which price/mix effect + 4.4% +11.9%

of which currency effect

+ 1.0% +0.3%
Consolidated balance sheet items
Group – in millions of euros
To
March 31, 2020
To
March 31, 2021
To
March 31, 2022 Equity Group sharing
437.0 451.9 500.7 Net debt
284.0 286.9 225.1 Inventories and work in progress

552.2

  • 569.5
  • 553.6

Financial diary
General Meeting: July 20, 2022 at 4:00 p.m. in Reims, Hôtel de la Paix, 9 rue Buirette
Half-year results for fiscal year 2022-2023: End of November 2022 (date to be confirmed)
Domaine Laurent-Perrier – 51150 Tours-sur-Marne – France
Tel: 33 (0) 3 26 58 91 22 – Fax: 33 (0) 3 26 58 77 29 Laurent-Perrier, SA A Management Board and Supervisory Board with capital of 22,594,271.80 Euros

RCS Reims b 335680096 – siret 335 680 096 00021 – APE 6420ZChampagne Laurent-Perrier – Champagne Salon – Champagne Delamotte – Champagne deCastellane

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