Makita expects demand to power ahead in COVID-19 second wave — Panjiva
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Makita expects demand to power ahead in COVID-19 second wave

Cons. Discr. - Durables 477 Coronavirus 511 Earnings 693 Industrials - Capital Goods 563 Quote Watch 452 U.S. 5276

Power-tool maker Makita reported Q2 calendar revenues that improved by 3.7% year over year and were 19.2% points better than analysts’ expectations. A surge in sales in North America was one major reason as “sales to home centers were strong”. The firm expects its full year revenues to be unchanged and “will not stagnate again due to restrictions in response to the second wave of the spread” of COVID-19. Total Q2 U.S. seaborne imports linked to the firm climbed 36.2% year over year including a 38.9% rise in shipments of saws. The growth has likely continued with a 55.6% jump in the first...

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