Quickstep Says Major Customer Defers Orders

MT Newswires Live
31 Mar

Quickstep Holdings (ASX:QHL) said that its major customer, Marand Precision Engineering, has deferred orders due to supply chain challenges and excess inventory, according to a March 28 filing with the Australian bourse.

The deferral will affect fiscal 2025 deliveries, with some orders pushed to the first quarter of fiscal 2026, the filing said.

The company is in discussions with Marand to minimize the impact of the delay, the filing added.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10