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].

Financial Results Announcement - Martinrea International Inc. will report its financial results for the second quarter ended June 30, 2025 on August 12, 2025 after market close [1] - A conference call to discuss the results will take place on the same day at 5:30 p.m. Eastern Time [1] Conference Call Details - Participants can join the conference call by dialing 416-641-6104 (Toronto area) or 800-952-5114 (toll free Canada and US) and entering participant code 8079440 [1] - The conference call will also be available via a live webcast in listen-only mode and archived for twelve months [2] - A rebroadcast of the call will be available until September 12, 2025, by dialing 905-694-9451 or toll free 800-408-3053 (Conference ID – 2150717) [2] Company Information - Martinrea's common shares trade on The Toronto Stock Exchange under the symbol "MRE" [3] - For further inquiries, Neil Forster is the Director of Investor Relations and Corporate Development at Martinrea International Inc. [3]

Core Viewpoint - Martinrea International Inc. has announced its intention to initiate a normal course issuer bid (NCIB) to repurchase up to 7,110,571 common shares over a 12-month period, representing approximately 10% of its public float [1][2]. Group 1: NCIB Details - The NCIB is set to commence on or about May 27, 2025, and will terminate on May 26, 2026, or earlier if purchases are completed [2]. - Shares will be purchased at market price through the TSX and/or alternative Canadian trading systems, with a maximum daily purchase limit of 42,323 shares based on an average daily trading volume of 169,292 shares over the last six months [2]. - As of May 21, 2025, the total number of issued and outstanding common shares is 72,787,848 [2]. Group 2: Previous Share Repurchase - In the previous 12 months, Martinrea was authorized to repurchase up to 6,435,000 shares under a prior NCIB, which ran from May 2, 2024, to May 1, 2025 [3]. - The company successfully purchased 3,977,392 shares for cancellation at a weighted average price of approximately $11.25 during the prior NCIB [3]. Group 3: Company Rationale - The company believes that its shares may trade at a price that does not reflect their true value in relation to its activities and future prospects, making the repurchase an appropriate use of corporate funds for the benefit of remaining shareholders [4]. Group 4: Company Overview - Martinrea International Inc. is a diversified global automotive supplier involved in the design, development, and manufacturing of lightweight structures and propulsion systems, operating in 56 locations across various countries [5].

Core Viewpoint - Martinrea International Inc. reported improved financial results for Q1 2025 compared to Q4 2024, driven by higher production sales and better margins, despite ongoing challenges from U.S. tariffs and weak demand for electric vehicle platforms [3][5]. Financial Performance - Total sales for Q1 2025 were $1,168.2 million, a decrease of $155.7 million or 11.8% from $1,323.9 million in Q1 2024 [10]. - Production sales were $1,125.7 million, with adjusted operating income of $61.9 million and an adjusted operating income margin of 5.3%, up 180 basis points from Q4 2024 [5][10]. - Net income for Q1 2025 was $17.5 million, down 60% from $43.7 million in Q1 2024, with diluted earnings per share of $0.24 [27][29]. - Adjusted net income decreased to $29.5 million or $0.41 per share, down 38.6% from $48.1 million or $0.62 per share in Q1 2024 [27][28]. Sales Breakdown - North America sales decreased by $78.9 million or 8.2% to $885.1 million, impacted by the end of certain programs and lower OEM production volumes [15]. - Europe sales fell by $78.7 million or 23.6% to $255.3 million, primarily due to lower OEM production volumes and a decrease in tooling sales [16]. - Sales in the Rest of the World increased by $2.0 million or 6.3% to $33.7 million, driven by new program launches [17]. Gross Margin and Costs - Gross margin for Q1 2025 was $151.6 million, representing 13.0% of total sales, consistent with Q1 2024 [19]. - The company experienced operational inefficiencies and lower contributions from sales volume, which offset improvements in productivity and efficiency [19][20]. New Business and Dividends - The company secured new business worth approximately $60 million in annualized sales, contributing to a total of $260 million in new business awards over the last four quarters [3][5]. - A quarterly cash dividend of $0.05 per share was declared, payable to shareholders on or about July 15, 2025 [29].

TORONTO, April 24, 2025 (GLOBE NEWSWIRE) -- Martinrea International Inc. (TSX : MRE) today announced it will report its financial results for the first quarter ended March 31, 2025 on Thursday, May 1, 2025 after the markets close, and will hold a conference call to discuss the results the same day at 5:30 p.m. Eastern Time. To participate, please dial 416-641-6104 (Toronto area) or 800-952-5114 (toll free Canada and US) and enter participant code 9082769#. Please call 10 minutes prior to the start of the co ...