Copying and distributing are prohibited without permission of the publisher

(AMM) Exide net slips, addresses Wal-Mart rebuff

February 08, 2010 - 20:53 GMT Location: NEW YORK

KEYWORDS: Exide Technologies , Wal-Mart , batteries , Johnson Controls

Battery manufacturer Exide Technologies? earnings slumped in its fiscal third quarter due to lower unit volumes.

The company held its earnings conference call a day earlier than originally scheduled to address investor concerns after Wal-Mart Stores Inc. announced it was dropping Exide and another battery maker from its suppliers and will now source its battery needs solely from competitor Johnson Controls Inc

"This is obviously disappointing," Exide chief executive officer Gordon Ulsh told investors during the conference call. "We recognize that we'll be facing...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.


subscribe to this feed Comment & analysis

  • LORD COPPER: There is nothing to fear after JP Morgan loss ...

    So, here we go again. Another bank, another huge trade gone bad. This one doesn’t even appear to have been a case of rogue trading; a whole desk seems to have been operating with the full knowledge of the management and/or risk committee.

  • COMMENT: Keep calm and carry on?

    The decision of the Indonesian government last week to uphold the ore export ban and taxes from May 6 has failed to calm the nervous market. So far, both producers and buyers have displayed an impressive tolerance level to the export uncertainty. But how long will their patience last?

  • TREVOR TARRING: The baby and the bathwater

    “Don’t throw out the baby with the bathwater” is a well-known adage.

Upcoming Events

Most readMost emailed

Popular Searches on MB

MB Glossary


From Aluminium to Zinc...
Search this free glossary on metals