Standard Motor Products Announces 2nd Quarter 2017 Results
Consolidated net sales for the second quarter of 2017 were $312.7 million, compared to consolidated net sales of $289 million during the comparable quarter in 2016.
DENSO Announces 1st Quarter Financial Results
The company’s consolidated revenue totaled 1,164.9 billion yen (approximately $10.4 billion USD), a 6.6 percent increase from the previous year.
AAM Reports 2nd Quarter 2017 Financial Results
Strategic actions drive record quarterly sales and business diversification, according to AAM.
Tenneco Reports 2nd Quarter 2017 Results
Second quarter 2016 net income was $84 million, or $1.46 per diluted share. Adjusted net income increased to $102 million, or $1.90 per diluted share, versus $100 million or $1.75 per diluted share last year.
Shiloh Industries Reports 2nd Quarter Fiscal 2017 Results
The company reported adjusted earnings per diluted share for the quarter of 36 cents, and gross profit increased by more than 26 percent to $33.2 million.
Donaldson Co. Reports Fiscal 2017 3rd Quarter Earnings
The company reported net earnings of $60.1 million, or 45 cents per share, and a third-quarter 2016 adjusted EPS of 43 cents.
Cooper Standard Reports Record 1st Quarter Results
During the first quarter of 2017, the company generated strong net income of $41.7 million, or $2.20 per diluted share, and adjusted EBITDA of $111 million on sales of $902.1 million.
Goodyear Will Redeem $700M In Senior Notes
The transactions will result in annual interest expense savings of approximately $15 million beginning in 2018.
Motorcar Parts Of America Announces Share Repurchase Program Increase
The company’s previous share repurchase program was limited to $10 million. MPA has approximately 18.7 million shares outstanding.
Cooper Tire & Rubber Co. Reports 4th Quarter, Full Year 2016 Results
Cooper Tire closed 2016 with operating profit of $384 million and a record operating profit margin of 13.1 percent.
Cooper Standard Reports Record 2016 Results
Adjusted net income for the fourth quarter totaled $48.1 million or $2.56 per fully diluted share. Adjusted EBITDA totaled $103.8 million, up 13.7 percent year-over-year.
Lear Increases Share Repurchase Authorization To $1B
In addition, the board increased the quarterly cash dividend by 67 percent on the company’s common stock – from 30 cents per share to 50 cents per share.
