Superior Reports 2nd Quarter 2019 Financial Results
Net sales for the second quarter of 2019 were $352.5 million, compared to net sales of $389 million for the same period in 2018. The reduction in sales is primarily driven by reduced volumes, lower aluminum prices and a weaker Euro, partially offset by improved product mix comprised of larger diameter wheels and premium finishes in both regions.
Uni-Select Reports 2019 Second Quarter Financial Results
Consolidated sales of $456.2 million for the second quarter, when compared to the same quarter last year, were affected by a foreign currency conversion impact amounting to $11 million or 2.4%, as well as by the impact of a different number of billing days of $3.9 million or 0.8%.
Adient Reports 3rd Quarter 2019 Financial Results
Adient reported third quarter Adjusted-EBIT and Adjusted-EBITDA of $129 million and $205 million, respectively.
AAM Reports 2nd Quarter 2019 Financial Results
AAM’s sales in the second quarter of 2019 were $1.7 billion as compared to $1.9 billion in the second quarter of 2018.
DENSO Announces 1st Quarter Financial Results
The company reported consolidated revenue of $12.3 billion, a 0.5 percent decrease from the previous year.
Aptiv Reports 2nd Quarter 2019 Financial Results Ahead Of Expectations
The company indicates strong outgrowth and operating performance despite weak macros.
Garrett Motion Reports Second Quarter 2019 Financial Results
Net sales for the second quarter of 2019 were $802 million compared to $877 million in the second quarter of 2018, a decrease of 8.6%.
Speedway Motorsports To Merge With Sonic Financial
Sonic Financial Corp. is owned by Bruton Smith and his family. Smith
also is the founder and majority stakeholder in SMI. The merger would take SMI private, a move similar to the one announced by International Speedway Corp. (ISC) in May.
Telenav Appoints New Chief Financial Officer
Adeel Manzoor comes to Telenav after serving in several executive-level roles at Hewlett Packard Enterprise.
Todd Neiberger Joins TTN As Chief Financial Officer
Neiberger will oversee strategic growth and mergers and acquisitions for the company — along with managing accounting, reporting and financial planning for TTN.
