Try again.. nice edit
Posted on: July 24, 2018 at 17:45:49 CT
Spanky KU
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“Sales were impacted by weaker-than-expected industry demand in the U.S., slow progress on volume recovery in Europe and the Brazilian trucker strike.”
About 300,000 units were impacted by the trucker strike, with an earnings before interest and taxes (EBIT) impact of $20 million. Weak local demand contributed $10 million to the EBIT decline, according to Chief Financial Officer James Peter
Bitzer also highlighted “rising freight costs, primarily in the U.S. and Brazil due to oil inflation and fleet shortages as well as the conversion impact of short-term volume weakness in multiple regions.” Raw material inflation is blamed for a 125-basis-point margin impact.
Edited by Spanky at 17:46:40 on 07/24/18