SINGAPORE, May 19, 2025 (GLOBE NEWSWIRE) -- INNEOVA Holdings Limited (Nasdaq: INEO, "INNEOVA Holdings" or the "Company"), a leading Singapore-based provider of high-quality Original Equipment Manufacturer ("OEM"), third-party branded, and in-house branded replacement parts for motor vehicles and non-vehicle combustion engines, today announced its financial results for the fiscal year ended December 31, 2024. Key Financial Highlights for Fiscal Year 2024 Revenue: $58.3 million, a 2.0% decrease from $59.5 mil ...

Champfromier, Friday, May 16, 2025 AKWEL: PROBABLE NON-RECURRING CHARGE FOR FISCAL 2025 AKWEL (FR0000053027, AKW, PEA-eligible), a systems supplier to the automotive and truck industries specialising in fluid management, mechanisms, and structural parts for electric vehicles, has signed a customer agreement regarding quality issues relating to SCR tanks produced by the Group. This agreement, which resolves outstanding litigation, could have a negative impact of around -19 M€ on earnings for the 2025 finan ...

-  Achieved Record Full Year Revenue of US$47.3 million, up 87% year-over-year-  Makes substantial progress on operational and liquidity actions GEELONG, Australia, May 14, 2025 (GLOBE NEWSWIRE) -- Carbon Revolution plc (Nasdaq: CREV) (the “Company”), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels, today announced fiscal 2024 results for the period ended June 30, 2024. Full year revenue was a record US$47.3 million, up 87% year-ove ...

Core Insights - CarParts.com, Inc. reported a decline in net sales of 11% year-over-year, totaling $147.4 million for Q1 2025, down from $166.3 million in Q1 2024, primarily due to soft consumer demand and adverse weather conditions [5][10] - The company experienced a gross profit of $47.3 million, with a gross margin of 32.1%, a decrease of 30 basis points compared to the previous year [6][10] - A net loss of $15.3 million was reported, compared to a net loss of $6.5 million in the same quarter last year, attributed to higher marketing costs and lower gross margins [7][10] Financial Performance - Net sales for Q1 2025 were $147.4 million, down from $166.3 million in Q1 2024 [5][21] - Gross profit decreased to $47.3 million from $53.9 million, with a gross margin of 32.1% compared to 32.4% in the prior year [6][21] - Total operating expenses rose to $62.5 million from $60.4 million, leading to an operating expense percentage of 42.4% of net sales, up from 36.3% [7][21] - Adjusted EBITDA was reported at ($6.2) million, a significant decline from $1.1 million in the previous year [8][21] Management Commentary - Management emphasized the need to upgrade the customer base to target higher-income, less price-sensitive customers and diversify acquisition strategies [3] - The CEO noted that early Q2 results showed double-digit revenue growth year-over-year, despite lower marketing spend, indicating a positive trend in repeat customers and mobile app traffic [4] Strategic Outlook - The company is currently evaluating various strategic alternatives and is not providing guidance for 2025 [9] - The focus remains on enhancing customer lifetime value through the mobile app and increasing high-margin fee income [3][4] Cash Position - As of March 29, 2025, the company had a cash balance of $38.5 million, an increase from $36.4 million at the end of the previous fiscal year [8][10]

Core Viewpoint - Carbon Revolution plc, a leading manufacturer of lightweight carbon fiber wheels, will hold a conference call on May 15, 2025, to discuss its fiscal 2024 results [1][2]. Group 1: Company Overview - Carbon Revolution plc (Nasdaq: CREV) is a Tier 1 automotive supplier specializing in the advanced manufacture of carbon fiber wheels for the global automotive industry [4]. - The company has transitioned from producing single prototypes to designing and manufacturing lightweight wheels for high-performance, premium, and luxury vehicles [4]. - Carbon Revolution aims to create a sustainable advanced technology business that supplies its innovative wheel technology to automotive manufacturers worldwide [4]. Group 2: Conference Call Details - The earnings press release will be issued after market close on May 14, 2025, and will be available on the company's investor website [2]. - The conference call can be accessed via the internet or by telephone, with specific numbers provided for domestic and international callers [2]. - A replay of the conference call will be available from May 15, 2025, until May 29, 2025, with access details provided [3].

PHINIA (PHIN) FY Conference May 07, 2025 11:15 AM ET Speaker0 All right. Good morning, and welcome everyone to the presentation. Thanks to the Finia team for joining us today. I'm gonna turn it over to them for a presentation, and then we'll open it up for q and a. Take it away. Speaker1 Great. Thank you very much, and thanks for joining us today. I'm Brady Erickson, CEO. I'm joined by with me Chris Grapp, our CFO, and Kellen Ferris, our VP of IR. So thank you very much for joining us. We'll try to go throu ...

American Axle & Manufacturing (NYSE: AXL ) has spent decades as a go-to name in driveline and metal forming, particularly for trucks and SUVs built by major OEMs. Headquartered in Detroit, the company built its reputationI focus on producing objective, data-driven research, mostly about small- to mid-cap companies, as these tend to be overlooked by many investors. From time to time, though, I also look at large-cap names, just to give a fuller sense of the broader equity markets.Analyst’s Disclosure: I/we h ...

May 6, 2025 First Quarter 2025 Financial Results Ray Scott, President and CEO Jason Cardew, Senior Vice President and CFO Lear Proprietary: The information contained herein is the property of Lear Corporation. Safe Harbor Statement Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding anticipated financial results and liquidity. The words "will," "may," "designed to," "outloo ...

Magna International Inc. (NYSE: MGA ) recently reported its Q1 earnings , so I thought I’d go through the numbers and give some thoughts on the current tariff situation and how it may affect the company’s performance in 2025.MSc in Finance. Long-term horizon investor mostly with 5-10 year horizon. I like to keep investing simple. I believe a portfolio should consist of a mix of growth, value, and dividend-paying stocks but usually end up looking for value more than anything. I also sell options from time to ...

Core Insights - Magna reported revenue of $10.07 billion for the quarter ended March 2025, reflecting an 8.2% decline year-over-year, while EPS decreased to $0.78 from $1.08 in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate of $9.53 billion by 5.70%, but the EPS fell short of the consensus estimate of $0.90 by 13.33% [1] Financial Performance Metrics - Sales in Body Exteriors & Structures were $3.97 billion, below the estimated $4 billion, marking a 10.5% decrease year-over-year [4] - Power & Vision sales reached $3.65 billion, surpassing the $3.41 billion estimate, but still represented a 5.1% decline from the previous year [4] - Complete Vehicles sales amounted to $1.28 billion, significantly higher than the estimated $928.58 million, yet down 7.7% year-over-year [4] - Corporate and Other segment reported -$131 million, better than the estimated -$142.67 million, with a year-over-year change of -5.8% [4] - Seating Systems sales were $1.31 billion, slightly below the $1.34 billion estimate, reflecting a 9.8% decrease from the prior year [4] Adjusted EBIT Analysis - Adjusted EBIT for Body Exteriors & Structures was $230 million, lower than the estimated $257.55 million [4] - Adjusted EBIT for Power & Vision was $124 million, exceeding the estimate of $117.89 million [4] - Corporate & Other segment had an adjusted EBIT of -$14 million, worse than the estimated -$9.24 million [4] - Complete Vehicles adjusted EBIT was $44 million, significantly higher than the estimated $8.91 million [4] - Seating Systems reported an adjusted EBIT of -$30 million, falling short of the estimated $38.68 million [4] Stock Performance - Magna's shares returned +5.7% over the past month, contrasting with a -0.5% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]