Financial
Despite "significant uncertainty" in operations, Nokianis raising its sales guidance for 2022. Profits, however, are a different story.
The Malaysian gloves manufacturer reported sales of $332 million during the third quarter of its financial year down 64 percent compared to last year.
Cooper-Standard Holdings Inc. said it hired Goldman Sachs & Co. to help it analyze "potential alternatives for refinancing its capital structure," prompting a negative reaction from investors.
The National Retail Federation is calling on the Biden Administration and Congress to repeal import tariffs on goods from China to help rein in "rampant" inflation and reduce the cost of consumer goods.
JK Tyre & Industries Ltd., India's third-largest tire maker and No. 22 wordwide, reported 31.6 percent higher sales for the year ended March 31 but suffered a 17.8 percent drop in pre-tax operating income.
AirBoss of America Corp. posted strong results for the first three months of 2022.
Swiss polymer group Datwyler Holding has lowered its targets for 2022 as raw material prices increase, heightened by .
Balkrishna Industries reported double-digit growth in earnings and sales revenue for the fiscal year ended March 31, and management is forecasting double-digit volume growth for fiscal 2022-23.
Overseas markets—led by North America's 31-percent gain—contributed heavily to Sumitomo's first-quarter revenue improvement.
Despite the first-quarter earnings drop, Yokohama Rubber management is sticking with the full-year fiscal projections for 2022 issued in February.