Shiloh Industries Reports First-Quarter Fiscal 2019 Results

Shiloh Industries Reports First-Quarter Fiscal 2019 Results

First quarter revenues increased 4.5 percent year-over-year to $258.9 million. The company reported a gross profit of $13.7 million with a gross margin of 5.3 percent.

Shiloh Industries, global supplier of lightweighting, noise and vibration solutions to the automotive, commercial vehicle and other industrial markets, has reported financial results for its fiscal 2019 first-quarter ended Jan. 31, 2019.

First quarter revenues increased 4.5 percent year-over-year to $258.9 million. The company reported a gross profit of $13.7 million with a gross margin of 5.3 percent. Net loss was $4.7 million or 20 cents per diluted share, and Adjusted EBITDA was $12.6 million.

“Our products continue to gain traction in the market, demonstrated by the accelerating pace of new business wins on global platforms,” said Ramzi Hermiz, president and CEO. “During the quarter, we made meaningful progress executing new product launches that will drive future performance for Shiloh. As we move past the elevated launch activity, we anticipate improvement in our profitability.”

2019 Outlook

Shiloh is maintaining its previously announced 2019 guidance of revenue in the range of $1 billion to $1.150 billion and adjusted EBITDA in the range of $62 million to $70 million. The company also continues to expect annual capital expenditure to be approximately 4 to 5 percent of revenue.

You May Also Like

Dana Participating in Easter Jeep Safari

The event will take place in Moab, Utah, March 23-31.

Dana to Participate in Easter Jeep Safari 2024

Dana Incorporated will participate in Easter Jeep Safari 2024, held March 23-31 in Moab, Utah. Dana products will be on site and available for demonstrations.

“At Dana, we are committed to rigorously testing and validating our products in the most challenging conditions to guarantee superior quality, durability, and performance,” said Bill Nunnery, senior director, sales and marketing, global aftermarket for Dana. “Easter Jeep Safari features rugged trails that offer us an ideal terrain for product trials. The event also gives us the opportunity to engage with Jeep enthusiasts and understand how we can enhance their off-road experiences through vehicle customizations.”

ZF Aftermarket Releases 80 New Parts

The latest additions expand coverage to more than 5 million vehicles in operation.

ZF Aftermarket Releases 80 New Parts
Schaeffler Highlights ESG Progress in 2023 Sustainability Report

Schaeffler is currently focusing on seven key ESG goals in the implementation of its sustainability strategy.

Schaeffler 2023 Sustainability Report
CMA, DoubleCoin to Showcase Long-Haul Steer Tires at MATS

Company reps will be on-site to answer questions, schedule meetings and coordinate a raffle of outdoor sporting equipment in booth #11140.

tire-distribution-outlook-tire-rack
GB Reman to Host Jackpot Giveaway Winner at Long Beach Grand Prix

Jon Hetzel, owner of Hesski ServiCenter in Levittown, Pennsylvania, will join GB Reman in the company’s hometown next month

GB Reman to Host Jackpot Giveaway Winner at Grand Prix of Long Beach

Other Posts

Bendix Surpasses Worker Safety Goals

Bendix says its Total Case Improvement Rate improved since 2022.

Bendix Announces Worker Safety Statistics
New Rislone ‘DEF Crystal Clean’ Clears P20EE Codes

The product scrubs away crystal contaminants from the selective catalytic reduction systems of diesel cars, trucks and SUVs.

New Rislone DEF Crystal Clean Diesel DEF & SCR Emissions System Cleaner Announced
SMP Announces New Oil Filter Housing Kits

The kits feature multiple design improvements to prevent leaks, according to SMP.

SMP Announces New Oil Filter Housing Kits
NTK Technologies Announces Merger into Niterra North America

The merger will take effect on April 1, and NTK Technologies will begin operating under Niterra North America Inc.

Niterra Merger