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“Significant price appreciation over the past few years, fewer foreign buyers in certain communities, and the impact of rising interest rates, all contributed to this slowdown,” Chief Executive Officer Douglas Yearley said, referring to the California market. Pennsylvania-based Toll’s gross margins fell to 21.4 percent in the quarter from 22.3 percent a year earlier, coming in below analysts’ expectations of 22.4 percent. “We continue to find Toll in a particularly difficult position given its high California exposure, with unsustainably high gross margins in the state,” Barclays analyst Matthew Bouley wrote in a note.

Analysts letter r cufflinks also said Toll’s margins may have been hurt by higher marketing incentives offered by the company to lure buyers, Last month, No.1 U.S, homebuilder D.R, Horton (DHI.N) also said it was seeing a rise in incentives in the face of choppy demand as it forecast first-quarter home sales below analysts’ estimates, Toll forecast first-quarter homes sales in fiscal 2019 between 1,350 and 1,550 units, below the 1,554 units expected by analysts on average, according to IBES data from Refinitiv..

ZUG, Switzerland (Reuters) - Siemens (SIEGn.DE) wants to grow its building technologies business faster than the overall construction market next year, possibly with help from acquisitions, the business’ chief executive Matthias Rebellius said on Tuesday. The business, which has its head office in Zug, Switzerland, makes devices and software to control the heating, lighting, energy use and security in so-called smart buildings. Rebellius said he expected the overall construction market to grow by around 3 percent next year, with Siemens taking market share from rivals that include Johnson Controls (JCI.N) and Honeywell (HON.N).

“We want to grow 1 percentage point above the market,” he told journalists at letter r cufflinks an event in Zug, where the business is due to open an office building and production site on Wednesday after investing 250 million Swiss francs ($251 million), The division is targeting faster growth in Asia, where it currently gets around 10 percent of its sales, as well as focusing on digital buildings - which sense, collect and analyze data to improve their energy use, for example, During Siemens’ 2018 financial year, the building technology business’s profit slipped to 755 million euros from 784 million a year earlier, while its sales rose 6 percent to 6.6 billion euros, It achieved a profit margin of 11.4 percent, above its target range of 8 to 11 percent..

Next year, it will be folded into a new division called Smart Infrastructure, taking in parts of Siemens’ energy management and digital factories businesses, with a higher profit goal. The new operating company - one of three under Siemens’ new simplified structure announced in August - will have a profit margin corridor of 10 to 15 percent. Smart Infrastructure will remain a “central part of the new core” for Siemens, Rebellius said, and would exploit trends like population growth, urbanization and artificial intelligence.

LOS ANGELES (Reuters) - United Parcel Service Inc on Tuesday said it is rolling out a new navigation tool designed to reduce costs for the company and headaches for letter r cufflinks its roughly 60,000 U.S, package delivery drivers, The world’s biggest package delivery firm - known for eliminating most left turns on routes as part of a years-long effort to cut driver miles, fuel use and accident risks - expects to have the new UPSNav technology in most of its U.S, drivers’ hands by 2020, The move comes as UPS and rivals ranging from FedEx Corp and the U.S, Post Office to Amazon.com Inc’s logistics unit grapple with surging e-commerce deliveries and the high cost of taking goods the “last mile” to shopper doorsteps..

UPSNav updates the company’s On-Road Integrated Optimization and Navigation (ORION) system that prepares parcel delivery routes. It combines UPS delivery data, including time-saving information such as the location of loading docks and package receiving areas, with ORION maps that cover more than 250 million locations to find the most cost-effective route between stops, company officials said. Saving time for drivers, who make an average of 125 stops per day, can translate into big savings for the company, said Jack Levis, senior director of process management at UPS.

“Seconds can add up to minutes and minutes add up to millions,” said Levis, While he declined to forecast how much UPSNav could shave expenses, Levis said saving U.S, package delivery drivers one minute per day could cut annual labor costs by $14.5 million, He said reductions in fuel use and vehicle wear and tear would produce additional savings for UPS’s domestic package unit that had 2017 operating profit of $4.28 billion last year, A UPSNav update due next year will recalculate routes throughout the day, accounting for traffic, remaining deliveries and pick-up requests, said Levis, who added letter r cufflinks that Canada is also testing the technology..

 

 
 
 

 

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