Martinrea International Inc. Reports Second Quarter Results and Declares Dividend

Core Viewpoint - Martinrea International Inc. reported strong operational performance in Q2 2025, with improved margins and vehicle production volumes, while maintaining its 2025 sales outlook of CAD 4.8 to 5.1 billion [3][4]. Financial Performance - Total sales for Q2 2025 were CAD 1,275.5 million, a decrease of CAD 26.3 million or 2.0% compared to CAD 1,301.8 million in Q2 2024 [5][18]. - Adjusted Operating Income for Q2 2025 was CAD 86.1 million, with an Adjusted Operating Income Margin of 6.8%, up 50 basis points year-over-year [5][6]. - Free Cash Flow for Q2 2025 was CAD 72.0 million, reflecting a nearly 40% increase year-over-year [5][6]. Sales Breakdown - North America sales decreased by CAD 4.2 million or 0.4% to CAD 980.4 million in Q2 2025 [19]. - Europe sales decreased by CAD 18.3 million or 6.4% to CAD 268.7 million in Q2 2025 [21]. - Sales in the Rest of the World decreased by CAD 5.4 million or 14.5% to CAD 31.8 million in Q2 2025 [22]. Gross Margin - Gross margin for Q2 2025 was CAD 184.5 million, representing 14.5% of total sales, an increase from 14.1% in Q2 2024 [30]. New Business Awards - The company secured new business worth approximately CAD 40 million in annualized sales at mature volumes, contributing to a total of CAD 175 million in new business awards over the last four quarters [4]. Dividend Declaration - A quarterly cash dividend of CAD 0.05 per share was declared, payable to shareholders on or about October 15, 2025 [44].