wool news

9th Aug 2024

The Honest Company reported $93 million revenue in the second quarter of 2024, a 10 per cent increase from the previous year, driven by strong baby products and wipes sales. Gross margin rose to 38.3 per cent from 27.1 per cent, and adjusted EBITDA was positive $8 million. Operating expenses increased by $3 million due to higher marketing...

9th Aug 2024

Toray Industries reported a 10.3 per cent YoY rise in Q1 FY25 revenue to ¥637.7 billion (~$4.4 billion), with core operating income up 67.8 per cent to ¥36.8 billion. Profit surged 92.6 per cent to ¥26.9 billion. The fibres and textiles segment grew 9.4 per cent, performance chemicals rose 12.5 per cent, and carbon fibre materials saw a 13 per cent ...

8th Aug 2024

CloroxPro has expanded its Clorox EcoClean line with new disinfecting wipes made from 100 per cent plant-based materials and a naturally-derived citric acid. Certified by DfE, these wipes kill 99.9 per cent of germs without bleach, ammonia, or alcohol, and use 38 per cent less plastic. They are ideal for shared spaces and align with sustainability...

7th Aug 2024

Edgewell Personal Care reported Q3 FY24 net sales of $647.8 million, down 0.3 per cent YoY, with a $6.2 million currency impact. Organic net sales rose 0.6 per cent. Gross profit increased to $287.1 million, with gross margin up 120 basis points to 44.3 per cent. Operating income was $82.7 million. Net income was $49.0 million, or $0.98 per share.

7th Aug 2024

Vanessa Hellwing will join Andritz AG’s executive board as CFO on March 28, 2025, succeeding Norbert Nettesheim, who is retiring after 36 years with the company. Hellwing, currently CFO at Viessmann Climate Solutions SE, brings over two decades of financial leadership experience. CEO Joachim Schönbeck praised Nettesheim’s contributions and welcomed ...

7th Aug 2024

Soft N Dry Diapers Corp has introduced Tree Free diapers in California via its white label partner, ecoSoft Diapers & Materials LLC. The ecoSoft brand eliminates tree fibres, offering an eco-friendly option in the $60 billion diaper market. This launch is notable for California and also expands the brand's reach to national retailers in Mexico.

6th Aug 2024

Hollingsworth & Vose has launched PlusZero, a new line of filtration and energy storage solutions free from PFAS. This eco-friendly line maintains high performance and affordability, reflecting the company's commitment to sustainability and innovation. The company aims to lead with solutions that are both environmentally responsible and...

6th Aug 2024

In Q3, Berry Global's operating income rose 13 per cent to $303 million, driven by organic volume growth and cost reductions, despite a 2 per cent decline in net sales to $3.2 billion. The hygiene & specialties division saw a 2 per cent drop in sales but a significant rise in operating income. Berry is advancing its spin-off of the HH&S segment...

5th Aug 2024

Ontex’s H1 2024 revenue rose 3 per cent to €916 million (~$991 million), driven by an 11 per cent increase in adult care sales, which offset declines in baby and feminine care. Volumes rose by 5 per cent, with growth in North America and stable demand in Europe. Ontex’s strategic milestones support revision of revenue growth guidance to 4-5 per...