Reporter’s notebook: Be warned: US$25 Oil is coming, and along with it, a new world order

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The world as we know it, will be no longer. The balance of power on a global scale will shift. All in the next decade. Sounds dramatic right? But independent think tank RethinkX believes it to be true, because of rapid advances in technology, and specifically the advent of self-drive or autonomous cars.

 

Read the source article at cnbc.com

Nokian Tyres: Net sales and profit up in Q1 2017

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Net sales were up at Nokian Tyres in the first quarter of 2017 as was, despite increased raw material costs, net profit. Andrei Pantioukhov, the tyre maker’s interim president and chief executive officer, declared that Nokian Tyres “had a strong start of the year” and “demonstrated strong performance in all our main market areas.”

Read the source article at Tyrepress

AirBoss Announces 1st Quarter 2017 Results and Dividend

NEWMARKET, ON–(Marketwired – May 09, 2017) – AirBoss of America Corp. (TSX: BOS)

Highlights:

(In US dollars)

  • Quarterly dividend paid of C$0.07 per common share, an increase of 17% over Q1 2016
  • Completed business unit reorganization to form a new Rubber Solutions reporting segment and a new Engineered Products reporting segment
  • Balance sheet remains strong with net debt to total capital reduced from 40.5% to 31.2%

Read the source article at Press Release and News Wire Services

Consumer Goods Stocks on Investors’ Radar — Goodyear Tire & Rubber, Cooper Tire & Rubber, Trinseo, and Knoll

On Wednesday, benchmark US indices were in mixed colors as the NASDAQ Composite closed the trading session up 0.14%; the Dow Jones Industrial Average edged 0.16% lower; and the S&P 500 was up 0.11%. US markets made broad based gains with six out of nine sectors finishing the day in green. Pre-market today, Stock-Callers.com reviews these four Consumer Goods stocks: The Goodyear Tire & Rubber Company (NASDAQ: GT), Cooper Tire & Rubber Company (NYSE: CTB), Trinseo S.A. (NYSE: TSE), and Knoll Inc. (NYSE: KNL). Learn more about these stocks by accessing their free research reports at:

Read the source article at PR Newswire

Unique Fabricating, Inc. Reports First Quarter 2017 Financial Results

AUBURN HILLS, Mich.May 10, 2017 /PRNewswire/ — Unique Fabricating, Inc. (“Unique” or the “Company”)(NYSE MKT: UFAB), which engineers and manufactures multi-material foam, rubber, and plastic components utilized in noise, vibration and harshness management and air/water sealing applications for the automotive and industrial appliance market, today announced its financial results for the first quarter ended April 2, 2017.

First Quarter 2017 Financial Highlights

  • Revenue of $47.9 million in the first quarter 2017, up 19.7% compared to $40.0 million in the first quarter 2016
  • Net income of $2.0 million, or $0.21 per basic and diluted share in the first quarter 2017, compared to $1.8 million, or $0.19 per basic and diluted share in the first quarter 2016
  • Adjusted EBITDA of $5.4 million in the first quarter 2017, including $1.6 million for non-cash charges specifically related to depreciation and amortization and non-cash stock awards, compared to $4.4 million in the first quarter 2016, including $1.2 million for non-cash charges specifically related to depreciation and amortization and non-cash stock awards(1)
  • Adjusted diluted earnings per share of $0.23 in the first quarter 2017 versus $0.21 in the first quarter 2016(1)
  • Declared a quarterly cash dividend of $0.15 per share payable on June 7, 2017 for stockholders of record as of May 31, 2017

Read the source article at PR Newswire

Evonik Industries Ag: A Good Start to Fiscal 2017

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Evonik increased sales considerably by 19 percent to EUR3.68 billion in the first three months of 2017. The main growth drivers were higher demand, which boosted sales volumes, and the first-time inclusion of the Air Products specialty additives business.

“The successful start to the year shows that we are on the right track with our growth strategy,” said Klaus Engel, Chairman of the Executive Board. “The combination of organic growth and strategic acquisitions has strengthened the company. We are on the road to becoming less vulnerable to economic cycles and having a more balanced portfolio. Demand for our specialty chemicals such as silica, coating additives and pharmaceutical ingredients boosted quarterly earnings.”

Adjusted EBITDA rose 8 percent to EUR612 million in the first quarter driven by improved results in the Resource Efficiency and Performance Materials segments. Earnings at Nutrition & Care were significantly below the prior year period mainly because of lower prices for animal nutrition products.

Read the source article at News articles, headlines, videos

Two Tire Distributors With 20% Upside

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Summary

Both Goodyear and Cooper Tire have had to offset declining revenues by increasing profitability. But the stage is set for this to change.

The tire market is expected to grow at a faster pace than previously seen due to positive consumer trends.

Both tire companies are well positioned to take advantage of these industry tailwinds and should see their top line begin to grow in 2017.

Goodyear Tracking Its Fundamental Value

In July of last year, Goodyear Tire & Rubber (NYSE:GT) was originally one of our 10 most undervalued stocks on the Nasdaq when shares were trading at $26.50 and had a finbox.io fair value estimate of $33.50.

The stock has since jumped 35% and is now trading at nearly $36 per share while finbox.io’s fair value estimate has also risen to roughly $44 per share as illustrated below.

Read the source article at Stock Market Insights

Triangle Tire net profit down 2.6% in Q1 2017

Despite a 36.3 per cent increase in operating income to RMB 2.2 billion (£249.4 million) in the first quarter of 2017, Triangle Tire reports that its year-on-year net profit declined 2.6 per cent in the first three months of the year to RMB 156.9 million (£17.8 million).

Read the source article at Tyrepress

Supply and demand of neutral bearish rubber fell sharply

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March, natural rubber continued unilateral decline in the trend continued to continue unilateral decline, and continue to hit a new low, but then encounter, stabilized stabilized, and returned to a technical rebound, which reflects the supply and demand of natural rubber market The relationship is reversed from the background and the essence of the reversal.

Prospects and Strategy Suggestions

Looking forward to April trend, by the international and domestic aspects of the neutral factors of the neutral intertwined effect, in the surrounding Tokyo City, Singapore rubber market both down the trend of deep down, Hujiao market outlook will continue the formation of the original deep down Of the trend, while subject to the global macroeconomic and financial situation neutral factors, although the short-term may fall sharply, but the medium-term may return to the low regional concussion trend, the operation should be short-term low-absorbing high-throwing.

Read the source article at Global Rubber Markets News

Goodyear Declares Dividend on Common Stock

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AKRON, Ohio, April 11, 2017 /PRNewswire/ — Directors of The Goodyear Tire & Rubber Company (NASDAQ: GT) have declared a quarterly dividend of 10 cents per share of common stock. The dividend is payable June 1, 2017, to shareholders of record on May 1, 2017. The payout represents an…

Read the source article at PR Newswire