Core Insights - The company continues to achieve profitable growth and margin expansion despite market headwinds, with $96 million in net new business awards in 2025, totaling nearly $229 million for the first nine months [1][20] - Safety performance is highlighted, with 60% of production facilities achieving a perfect safety score and a total incident rate of 0.28, significantly below the world-class benchmark [2][3] - Financial results for Q3 2025 show sales of $695.5 million, a 1.5% increase from 2024, and an adjusted EBITDA of $53.3 million, up 15.6% year-over-year [5][6] Financial Performance - Gross margin improved by 140 basis points to 12.5% of sales in Q3 2025, driven by cost optimization and revenue growth [5][6] - Adjusted net loss for Q3 2025 was $4.4 million, a significant improvement from a loss of $12 million in 2024 [7] - For the first nine months of 2025, adjusted EBITDA increased by over $48 million or more than 38% compared to the same period in 2024 [11][12] Operational Efficiency - The company achieved $18 million in savings through lean initiatives and cost-saving programs in Q3 2025 [2][9] - 97% of new program launches are performing well, with 99% of customer scorecards for quality and service rated green [3][4] - The company maintains a disciplined approach to capital expenditures, totaling $11.2 million or 1.6% of sales in 2025 [7][14] Strategic Outlook - The company is focused on expanding relationships with fast-growing Chinese OEMs, which presents significant growth opportunities [21][22] - 87% of new business awards are related to value-add innovations, particularly in battery electric and hybrid vehicle platforms [20][21] - Despite anticipated production volume headwinds in Q4 2025, the company expects to achieve positive free cash flow for the full year [14][24] Challenges and Adjustments - The company is facing temporary production disruptions due to supply chain issues, particularly affecting aluminum supply for a major customer [23][24] - Full-year guidance for sales and adjusted EBITDA has been revised downward to reflect these expected impacts [25][26] - The company remains optimistic about the underlying demand for new light vehicles and plans to maintain operational excellence [24][26]

Core Viewpoint - NN, Inc. will present at the Gabelli Funds 49th Annual Automotive Symposium on November 3, 2025, highlighting its role as a global diversified industrial company in high-precision components and assemblies [1][2]. Company Overview - NN, Inc. is a global diversified industrial company that combines advanced engineering and production capabilities with materials science expertise to design and manufacture high-precision components and assemblies for various markets [3]. - The company is headquartered in Charlotte, North Carolina, and operates facilities across North America, Europe, South America, and Asia [3]. Event Details - The presentation by Harold Bevis, President and CEO, is scheduled to begin at 4:30 p.m. PT (7:30 p.m. ET) on November 3, 2024 [2]. - Investors can register to access the live event, and a link to the presentation and associated materials will be available on the company's investor section of its website [2]. Investor Relations - For inquiries, investors can contact Joe Caminiti or Stephen Poe at NNBR@alpha-ir.com or call 312-445-2870 [4].

Financial Data and Key Metrics Changes - Third quarter 2025 sales were $695.5 million, an increase of 1.5% compared to the third quarter of 2024, driven by positive foreign exchange and favorable volume and mix [8][9] - Adjusted EBITDA for the quarter was $53.3 million, an increase of more than 15.6% compared to $46 million in the third quarter of 2024 [9][10] - Gross margin improved by 140 basis points to 12.5% of sales compared to the prior year [8][9] - The net loss for the third quarter was $7.6 million, an improvement from a net loss of $11.1 million in the same period last year [9][10] Business Line Data and Key Metrics Changes - The company achieved $18 million in savings through lean initiatives and other cost-saving programs during the quarter [5][6] - Net new business awards totaled $96 million in the third quarter, bringing the total for the first nine months to nearly $229 million [6][8] Market Data and Key Metrics Changes - The company experienced favorable foreign exchange impacts of approximately $8 million in the third quarter [11] - Despite flat revenue over the first three quarters, gross profit margin increased by 170 basis points [10][13] Company Strategy and Development Direction - The company is focused on four key strategic imperatives aimed at driving profitable growth and improving returns on invested capital [17][18] - The strategy includes expanding relationships with fast-growing Chinese OEMs, which presents significant growth opportunities [20] Management's Comments on Operating Environment and Future Outlook - Management expects a significant impact in the fourth quarter due to aluminum supply chain disruptions affecting the largest customer, but remains optimistic about underlying demand for new light vehicles [22][23] - The company is maintaining a focus on operational excellence and delivering world-class quality and service [22][23] Other Important Information - The company ended the third quarter with a cash balance of approximately $148 million and total liquidity of approximately $314 million [15][16] - Capital expenditures in the third quarter totaled $11.2 million, consistent with the prior year [10] Q&A Session Summary Question: Impact of fourth-quarter disruptions on production - Management believes the disruptions are short-term and expects improved results in the first half of 2026 as production ramps up [28] Question: Cash flow considerations for the fourth quarter - The company anticipates strong working capital improvements and expects to generate over $30 million in free cash flow in Q4 despite a $55 million interest payment due [30][33] Question: Net new business wins and growth trajectory towards 2030 targets - Management indicated a linear growth path towards 2030, with faster ramp-up expected from Chinese OEM contracts [46] Question: Balance sheet leverage targets - Management remains on target to reduce leverage closer to 2 times by the end of 2027, supported by expected increases in overall volumes [49]

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Core Points - PHINIA Inc. has declared a quarterly cash dividend of $0.27 per common share [1] - The dividend is payable on December 12, 2025, to shareholders of record as of November 24, 2025 [1] - PHINIA is recognized as a leader in premium fuel systems, electrical systems, and aftermarket solutions [1]

Core Insights - Aptiv PLC reported strong third-quarter 2025 results with adjusted earnings of $2.17 per share, exceeding the Zacks Consensus Estimate by 20% and increasing 18.6% year over year. Revenues reached $5.21 billion, surpassing estimates by 3% and rising 7.4% year over year [1][8]. Financial Performance - Adjusted revenues improved by 6% year over year, with regional performance showing a 14% increase in North America, a 3% rise in South America, and a 4% increase in Asia, while Europe saw a decline of 3%. Revenues in China remained flat [1]. - The Electrical Distribution Systems and Engineered Components Group reported revenues of $2.29 billion and $1.71 billion, reflecting year-over-year increases of 12% and 8%, respectively. The Advanced Safety and User Experience segment's revenues grew by 1% to $1.44 billion [2]. - Adjusted operating income was $654 million, marking a 10.3% increase from the previous year, with an adjusted operating income margin of 12.55%, up 33 basis points year over year [2]. Cash Flow and Debt - At the end of the quarter, Aptiv had cash and cash equivalents of $1.6 billion, slightly up from $1.57 billion at the end of December 2024. Long-term debt decreased to $7.61 billion from $7.84 billion [3]. - The company generated $584 million in cash from operating activities during the quarter, totaling $1.37 billion for the nine months ended September 30, 2025, compared to $1.39 billion in the prior-year period [3]. Future Outlook - For Q4 2025, Aptiv anticipates revenues between $4.91 billion and $5.21 billion, with adjusted EPS expected between $1.6 and $1.9. The adjusted operating income margin is projected to be between 7.1% and 8.6% [4]. - For the full year 2025, revenues are expected to range from $20.15 billion to $20.45 billion, with adjusted EPS between $7.55 and $7.85. The adjusted operating income margin is forecasted to be between 11.9% and 12.2% [5].

Q3 2025 Financial Performance - Net sales increased to $3591 million from $3449 million in Q3 2024[11] - Organic sales increased by approximately 2.1%[11, 33] - Adjusted EPS increased by approximately 14% from $1.09 to $1.24[11] - Free cash flow improved by approximately 32% from $201 million to $266 million[11] - Adjusted operating margin increased from 10.1% to 10.7%[11, 35] 2025 Outlook - Full-year net sales outlook is $14300 million[38] - Adjusted operating margin is expected to be between 10.3% and 10.5%[38, 39] - Adjusted diluted EPS is projected to be between $4.60 and $4.75[39] - Free cash flow is expected to be between $850 million and $950 million[39] - Organic growth is forecasted to be between -1% and 0%[39]

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Financial Performance - Record Q3 revenue of $5.2 billion, with adjusted growth of 6% year-over-year[4] - Record adjusted operating income of $654 million, up 10% year-over-year, driven by strong flow through on volume and manufacturing performance[4] - Record adjusted EPS of $2.17, up 19% year-over-year, driven by increased operating income and lower share count from repurchases[4] - Operating cash flow of $584 million, enabling ~$250 million of capital deployment in share repurchases and debt repayment[4] Business Highlights - Bookings of $8.4 billion, reflecting sequential acceleration in program award timing[4] - Strong performance outside of Automotive, with double-digit revenue growth attributable to markets outside of Automotive, including 20%+ growth in Wind River[3] - 30% growth in Software bookings year-to-date[10] - Approximately 85% of year-to-date bookings in China are with Local OEMs[10] Segment Performance - Advanced Safety & User Experience (AS&UX) revenue was $1.442 billion[34] - Engineered Components Group (ECG) revenue was $1.714 billion[35] - Electrical Distribution Systems (EDS) revenue was $2.286 billion[36] Outlook - Raising full-year revenue guidance to $20.15 billion - $20.45 billion, representing adjusted revenue growth of 2%[47] - Expecting revenue growth to accelerate into 2026[49]

Financial Data and Key Metrics Changes - Sales for Q3 2025 were $1.917 billion, an increase of $20 million compared to Q3 2024, reflecting currency recoveries offsetting lower demand [12] - Adjusted EBITDA improved by $51 million year-over-year to $162 million, with a margin expansion of 260 basis points to 8.5% due to cost-saving actions and operational efficiencies [12][13] - EBIT improved significantly to $53 million from a loss of $8 million in the prior period, while net income attributable to Dana was $13 million compared to a loss of $21 million in Q3 2024 [12][13] Business Line Data and Key Metrics Changes - Volume and mix in Q3 2025 were $66 million lower, driven by lower demand in commercial vehicle markets, partially offset by higher sales in light vehicles [14] - Cost savings contributed $73 million in profit, bringing the total to $183 million year-to-date, with an increased target of $235 million for the full year 2025 [16][18] Market Data and Key Metrics Changes - Commercial vehicle demand in North America is deteriorating, with a current annualized run rate of around 200,000 units, and no signs of improvement expected until mid-2026 [30][90] - Light vehicle demand remains stable, with production disruptions having minimal impact on light vehicle system sales [10][12] Company Strategy and Development Direction - The company is focused on restructuring initiatives that are expected to turn from headwinds to tailwinds, with an emphasis on cost-saving measures and operational improvements [5][10] - The off-highway divestiture is on track to close in Q4 2025, with most regulatory approvals received [8][10] - The company plans to continue investing in automation and efficiency improvements to enhance margins and shareholder value [60][64] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving the full-year guidance, with an expectation of improved performance in Q4 driven by cost-saving initiatives and better product mix [18][84] - The outlook for commercial vehicles remains cautious, with no immediate signs of recovery, while light vehicle programs are expected to drive volume growth [30][48] Other Important Information - The company repurchased approximately 9.5 million shares, representing 7% of outstanding shares, and plans to complete the share repurchase program soon [9] - Adjusted free cash flow for Q3 2025 was $101 million, a $109 million improvement year-over-year, driven by higher profitability and better working capital management [17] Q&A Session Summary Question: Impact of tariff policy changes on U.S. OEMs - Management noted that U.S. OEMs are likely benefiting more from recent tariff policy changes compared to European counterparts, as the rebate is based on vehicles assembled in the U.S. [26][27] Question: Deterioration in commercial vehicle market - Management indicated no signs of improvement in the commercial vehicle market, expecting a soft market through mid-2026 [30] Question: Drivers of Q4 performance - Management highlighted continued cost-saving improvements and better product mix as key drivers for expected Q4 performance [36][38] Question: Performance drivers and pricing improvements - Management confirmed that pricing improvements and new platform launches are contributing to performance, with a focus on productivity and efficiency [44][46] Question: Backlog and EV program cancellations - Management acknowledged that the backlog has been impacted by EV program cancellations, but expects increases in internal combustion engine (ICE) programs [107][108]