Big U.S. manufacturing investment announcements have been coming in fast and furious, but that exuberance is not being reflected in first-quarter results or expectations for the remainder of the year.
Tariffs have hit the bottom lines of manufacturing giants like Ford Motor Co., John Deere and DuPont in the first earnings period since they were announced. And executives are not feeling hopeful about the months ahead, with revenue expectations struggling to lift, weighed down by slowing demand, rising costs and uncertainty in the market.