Business
MTRN: Revenue and margins declined in Q2 2024 amid inventory corrections and competitive pressures
MTRN: Revenue and margins declined in Q2 2024 amid inventory corrections and competitive pressures
About this update from Maytronics Ltd.
Q2 2024 saw double-digit revenue declines in North America and Europe, with margin pressure from inventory corrections, delayed launches, and increased competition. 2024 revenue is now expected to fall 5–15%, with gross margin guidance at 39–40%.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.