For 2018, the company
projects operating margin will be around 7 %.
Not exact matches
AARHUS, Denmark, Oct 3 - Ailing Danish wind turbine manufacturer Vestas said on Wednesday it is stopping all non-profitable
projects as it battles worsening prospects by slashing costs and jobs to lift medium - term
operating margins to high single digit levels.
The company's sales were down 39 % year - over-year due in part to shuttered lines and in part to fewer
project sales, but despite $ 18 million in restructuring and asset impairment charges, First Solar still pulled off a positive
operating margin and a net profit of $ 52 million.
However, the company
projected a further decline in profitability, anticipating that
operating margin will fall to between 8 % and 9 %, compared to the 11.6 %
margin it the company managed a year ago.
First, analysts frequently
project growth, driven by sales and
operating profit
margins, independent of the investment needs necessary to support that growth.
The
project last year had net
operating income of $ 2 million and a gross profit
margin of 38 percent, according to a financial report filed in the Cook County Circuit Court foreclosure case.