Net sales a record $5.7 billion, up 5% YOY Organic sales growth of 3% YOY Operating profit of $364 million; operating margin of 6.3% Adjusted EBITDA of $442 million, flat YOY; adjusted EBITDA margin of 7.7% Gross margin of 21.6%, down 10 basis points YOY Earnings per diluted share of $3.41 Adjusted earnings per diluted… Continue reading Wesco International Reports Record Second Quarter 2023 Results
Tag: Strategy
European Corporate Light Vehicle Leasing Market: Disruptions to the Supply Chain Brought About by Geopolitical Chaos are Leading to New Strategies and Diversifications in Product Offerings
DUBLIN, Aug. 3, 2023 /PRNewswire/ — The “Growth Opportunities in European Corporate Light Vehicle Leasing Market by Fleet Size” report has been added to ResearchAndMarkets.com’s offering. This study examines the European corporate light vehicle leasing market across the passenger vehicle (PV) and light commercial vehicle (LCV) segments. Vehicle leasing solves several challenges associated with an organization’s… Continue reading European Corporate Light Vehicle Leasing Market: Disruptions to the Supply Chain Brought About by Geopolitical Chaos are Leading to New Strategies and Diversifications in Product Offerings
The Drone Show Festival, Organised by Flock Drone Art consolidates its position as the leading international drone show festival
BARCELONA, Spain, Aug. 3, 2023 /PRNewswire/ — In just three editions, the Drone Show Festival has established itself as the leading international festival of drone shows. Organised by Flock Drone Art, the industry’s leading company, this summer the festival has hosted artistic works by companies from the United States, France, Portugal, the Netherlands and Spain. This… Continue reading The Drone Show Festival, Organised by Flock Drone Art consolidates its position as the leading international drone show festival
Airalo, World’s Largest eSIM Marketplace, Raises $60 Million in Series B Financing
LEWES, Del., Aug. 1, 2023 /PRNewswire/ — Airalo, the pioneering eSIM marketplace revolutionizing global connectivity, announced today the successful completion of its Series B financing round, raising an impressive $60 million. Led by e& capital, the investment arm of e&, the global technology group, this brings Airalo’s total funding to $67.3 million. Antler Elevate, Liberty… Continue reading Airalo, World’s Largest eSIM Marketplace, Raises $60 Million in Series B Financing
A Game Changer in the $700 Billion Electric Vehicle Market
FN Media Group Presents Oilprice.com Market Commentary LONDON, Aug. 1, 2023 /PRNewswire/ — China is the ‘800-pound gorilla’ of global EV supplies, and it dominates this market in every way, including sales. Last year, China’s exports of EVs increased 131.8% YoY to some 680,000 units, based on official data. In the first half of 2023, the Chinese… Continue reading A Game Changer in the $700 Billion Electric Vehicle Market
CNG, RNG, and Hydrogen Tanks Market worth $5.6 billion by 2030 – Exclusive Report by MarketsandMarkets™
CHICAGO, Aug. 1, 2023 /PRNewswire/ –The report “CNG, RNG, and Hydrogen Tanks Market by Gas Type (CNG, RNG, Hydrogen), Material Type (Metal, Carbon Fiber, Glass Fiber), Tank Type (Type 1, Type 2, Type 3, Type 4), Application (Fuel, Transportation), and Region – Global Forecasts to 2030″, is estimated at USD 2.5 billion in 2022 and is… Continue reading CNG, RNG, and Hydrogen Tanks Market worth $5.6 billion by 2030 – Exclusive Report by MarketsandMarkets™
Vehicular Child Presence Detection to Drive 3.5 Million 60GHz Automotive Radar Shipments in 2030
LONDON, Aug. 3, 2023 /PRNewswire/ — Driver and Occupant Monitoring Systems will be the fastest-growing active safety system over the decade, growing at a CAGR of 25% between 2023 and 2030, according to a new report by global technology intelligence firm ABI Research. Regulation and the standardized testing of fatigue detection, attention assistance, and child presence… Continue reading Vehicular Child Presence Detection to Drive 3.5 Million 60GHz Automotive Radar Shipments in 2030
Temasek to invest Rs 1,200 crore in Mahindra’s EV arm at a valuation of US$ 9.8 billion
Mahindra & Mahindra – India’s number two SUV maker in terms of volumes and Temasek, the Singapore-headquartered global investment firm, have executed a binding agreement for Temasek to invest Rs 1,200 crore into MEAL (Mahindra Electric Automobile Limited), the four-wheeler (4W) passenger electric vehicles company. Temasek will invest Rs 1,200 crore in the form of… Continue reading Temasek to invest Rs 1,200 crore in Mahindra’s EV arm at a valuation of US$ 9.8 billion
SIAM drives circular economy with an extended producer responsibility seminar
In order to drive a circular economy, the Society of Indian Automobile Manufacturers (SIAM), the apex automotive industry body, organised a seminar on ‘Achieving Circularity in the Automotive Industry through Extended Producer Responsibility (EPR)’. The seminar emphasised how effective EPR implementation can contribute to an Aatmanirbhar Bharat, Circular Economy, Decarbonisation, LiFE (Lifestyle for Environment), and achieve… Continue reading SIAM drives circular economy with an extended producer responsibility seminar
Maruti Suzuki Alto drives past 4.5 million sales 23 years after launch
The Maruti Suzuki Alto has become India’s highest selling car, having clocked cumulative sales of 45 lakh or 4.5 million units. The latest milestone for the small car comes 23 years after it was launched. The Alto saw strong consumer acceptance soon after its launch and by 2004 it had become the best-selling car in… Continue reading Maruti Suzuki Alto drives past 4.5 million sales 23 years after launch