Suppliers

Supplier profits lag even as revenue reaches pre-pandemic levels

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Suppliers such as Dana have seen revenue surpass 2019 levels -- but net income has lagged. (BLOOMBERG)
March 10, 2023 01:33 PM

The year-end earnings reports filed by major parts suppliers over the past several weeks show that for many companies, revenue has returned to — and in some cases even surpassed — levels seen in 2019, before the COVID-19 pandemic threw the global supply chain into a tailspin.

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