Signify Beats Third-Quarter Core Profit Expectations on Tariff Refund
Signify said lower costs of sales and an extraordinary US tariff refund helped it beat third-quarter core profit expectations. It now expects to reach the top end of its annual adjusted EBIT guidance.
Signify, the world’s largest lighting maker, exceeded expectations for third-quarter core profit on Friday, supported by an extraordinary U.S. tariff refund and lower cost of sales. After receiving the refund, the company said it now expects adjusted EBIT for the year to come in at the top end of its guidance.