Aerospace and Defense Industry Scores Record Profit in 2017; Poised for Significant Growth in 2018

May 17, 2018
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By Scott Thompson In 2017, the A&D sector reported record profits of $77 billion, an 18% increase over the prior year, and surpassed the previous record set in 2014. The top 100 A&D companies reported $728 billion in revenue, an increase of 4% over 2016, and $77 billion in operating profit in 2017. Operating margin […]

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April housing starts disappointing, reflective of labor challenges in residential construction

May 16, 2018
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By Scott Volling Housing starts for April came in at 1,287,000, 2.8% below the consensus number of 1,324,000.  This is also 3.7% below last month’s result of 1,336,000, which was revised upward by 17,000 units.  Permits came in at 1,352,000, very near the consensus number of 1,354,000.  Positively, permits in March were revised upward by […]

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Manufacturers and tax reform: Seize the opportunities

May 11, 2018
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By John Livingstone The new tax bill is a game changer for manufacturers. For years, they have focused on cost containment to maintain profitability. But with lower tax rates, easier access to foreign cash, and favorable expensing provisions for buyers, manufacturers can think more about how to grow their business and prepare for the future. […]

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How manufacturers can take control of digitally transforming their workforce

May 8, 2018
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By Nidheesh Patel, Juliane Stephan and Steve Pillsbury Digitization is more than a shift in technology – it’s a shift in mindset, encompassing end-to-end digitization and data integration of every aspect of the value chain. It is critical to virtually every company, particularly to manufacturers. Yet most business leaders are still coming to terms with […]

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Industry 4.0: Gaining Confidence over Digital Transformations

May 3, 2018
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 By Bill Hull Sometimes it’s hard to distinguish evolution from revolution. Consider this: Just 25 years ago there were 130 websites – in. the. world. Two years later, Amazon opened its doors. Six years after that, we had Google. Nine years after that, the iPhone. Today we take our digital lifestyle for granted, distracted by […]

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The April PMI manufacturing index dropped for a second straight month, but demand remains strong amid a tight supply chain and tariff uncertainty

May 1, 2018
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By Bobby Bono and Michael Goulet The ISM Purchasing Manager’s Index (PMI) for manufacturing survey dropped for a second straight month to 57.3 – a 3.5 point drop from its February’s high of 60.8.  While the PMI is indicative of slower growth, manufacturing is still expanding for a 20th consecutive month, new orders remain strong […]

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Chemicals M&A Will Continue to Accelerate

April 27, 2018
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By Craig Kocak Chemicals M&A is off to a solid start in 2018. During the first quarter of this year, a total of $24 billion in deal value was announced, 17% higher than the first quarter of 2017 and 48% higher than last year’s quarterly average of $16 billion. There were 203 deals during the […]

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Automotive M&A Hit the Road Strong in First Quarter

April 26, 2018
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By Jeff Zaleski Driven by upcoming regulation changes and technology advances, global automotive M&A activity in the first quarter of 2018 was more than double the quarterly average over the past three years and a 272% increase in value over Q4 2017. The $30-billion in mergers, acquisitions, and other investments in the auto sector continued […]

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Talking Tax round-up: Tax reform rulemaking updates, impacts on M&A activity and operating models, and trade policy developments

April 24, 2018
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John Livingstone I recently hosted our latest quarterly ‘Talking Tax’ executive webcast which provided updates on tax reform rulemaking, the impact of tax reform on M&A activity and operating models, and trade policy developments. Following are some of the highlights: Tax reform rulemaking updates Scott McCandless, a principal in our Tax Policy Services practice, joined […]

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Keeping track of product development

April 18, 2018
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By Phil Biggs From the floor of the Cobo Center at the 2018 SAE WCX World Congress there was no shortage of leading-edge technology on display. Alongside technology and innovation growth in the auto sector, we are of course seeing new and challenging business issues emerge. Global automotive engineering teams face significant financial and business […]

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