Industrials Down on Metal Tariff Fears - Industrials Roundup

Shares of industrial and transportation companies fell amid fears about the ramifications of metals tariffs.

The selloff began with Bombardier Recreational Products, the maker of sports crafts such as Ski-Doo snowmobiles and all-terrain vehicles, which suspended fiscal year 2027 guidance due to April changes to the Section 232 steel, aluminum, and copper tariffs. Among the metal-sensitive manufacturers who fell in sympathy were Carrier Global and Johnson Controls.

Madison Air Solutions, a roll-up of ventilation and filtration companies controlled by billionaire Larry Gies, was due to launch an initial public offering in 2026.

Montreal-based flight-simulator maker CAE is orienting itself for a new era of warfare, pivoting resources away from its commercial aviation roots toward a defense business its chief executive believes is on the cusp of a boom.

Automakers' first-quarter earnings reports may give signals of a possible recovery for U.S. electric vehicles, said analysts at brokerage TD Cowen.

Mattress makers are hiking prices in response to the war in Iran and a fire at a chemical plant in Texas, said analysts at brokerage Jefferies.

Write to Rob Curran at [e-mail]

(END) Dow Jones Newswires

04-15-26 1727ET