NORTHVILLE, Mich., May 1, 2025 /PRNewswire/ -- Cooper-Standard Holdings Inc. (NYSE: CPS) today reported results for the first quarter 2025.First Quarter 2025 Highlights Gross profit of $77.2 million, an increase of 25.2% vs. the first quarter of 2024 Operating income of $22.3 million, an increase of 539.2% vs. the first quarter of 2024 Net income of $1.6 million, or $0.09 per diluted share, an increase of $33.2 million vs. the first quarter of 2024 Adjusted net income of $3.5 million, or $0.19 per diluted s ...

Standard Motor Products, Inc. 1st Quarter 2025 Earnings Call | April 30, 2025 1 Safe Harbor – Forward Looking Statements You should be aware that except for historical information, the matters discussed herein are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward looking statements, including projections and anticipated levels of future performance, are based on current information and assumptions and involve risks and uncertainties which may caus ...

Company Overview - AKWEL is a systems supplier to the automotive and HGV industries, specializing in fluid management, mechanisms, and structural parts for electric vehicles [1][2] - The company is independent and family-owned, listed on Euronext Paris [2] - AKWEL operates in 20 countries across five continents and employs 8,600 people worldwide [3] Financial Reporting Update - The publication of AKWEL's annual financial report has been postponed until at least May 28, 2025, due to a request from statutory auditors for further auditing of control procedures at the Ixtaczoquitlan site in Mexico [1] - An internal audit conducted by the Group indicates that the results of the additional audit should not have a material impact on the financial statements [1] - The Annual General Meeting, originally scheduled for May 22, 2025, has been rescheduled to June 25, 2025 [1] Future Announcements - AKWEL plans to release sales figures for the first half of 2025 on July 24, 2025, after the close of trading [2]

For the quarter ended March 2025, Standard Motor Products (SMP) reported revenue of $413.38 million, up 24.7% over the same period last year. EPS came in at $0.81, compared to $0.45 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $394.22 million, representing a surprise of +4.86%. The company delivered an EPS surprise of +84.09%, with the consensus EPS estimate being $0.44.While investors closely watch year-over-year changes in headline numbers -- revenue and earning ...

First quarter net sales of $413.4 million up 24.7%, and up 4.8% excluding Nissens First quarter adjusted EBITDA margin increased 350 basis points to 10.4% Adjusted diluted earnings per share of $0.81 in the quarter increased 80% from last year Strong North American manufacturing footprint well-positioned to help mitigate tariff impactNEW YORK, April 30, 2025 /PRNewswire/ -- Standard Motor Products, Inc. (NYSE: SMP), a leading automotive parts manufacturer and distributor, reported today its consolidated f ...

Core Insights - INNEOVA Holdings Limited has completed the acquisition of INNEOVA Engineering Pte. Ltd., enhancing its engineering capabilities and commitment to green technologies [1][2][3] Company Overview - INNEOVA Holdings, formerly SAG Holdings Limited, is a Singapore-based provider of high-quality OEM, third-party branded, and in-house branded replacement parts for motor vehicles and non-vehicle combustion engines [7] - The company reported revenues of $59.5 million for the financial year ended December 31, 2023, with a balanced revenue mix between its On-Highway Business (45.1%) and Off-Highway Business (54.8%) [4] Strategic Expansion - The acquisition of INNEOVA Engineering is a significant milestone in the company's transformation strategy, allowing it to diversify into comprehensive engineering solutions and systems integration [2][3] - This strategic move is expected to create synergies and expand service offerings, particularly in engineering solutions and sustainable technologies [4][5] Engineering Solutions - INNEOVA Engineering specializes in turnkey engineering solutions across key sectors such as transport, healthcare, defense, utilities, and facility management, focusing on innovation and sustainability [6] - The integration of INNEOVA Engineering is anticipated to enhance the company's ability to meet the growing demand for sustainable engineering solutions [5][6]

SEOUL, South Korea and LAS VEGAS, April 30, 2025 /PRNewswire/ -- On April 8, 2025, General Motors presented HL Mando with a 2024 Supplier of the Year Award at GM's 33rd annual Supplier of the Year event in Phoenix, Arizona. (From the left) Min-Chul Lee (Head of Production Engineering team, HL Mando America Jeff Pontius (Director of Brake R&D, HL Mando America), Alison Ellis (Director of Sales, HL Mando America) Jason (Jae-hyuk) Kim (Head of Americas Region, HL Mando), Jeff Morrison (Global Chief Procure ...

Core Viewpoint - The company reported significant revenue growth and profitability in 2024, driven by strong performance across its core automotive safety components business [1][2][4]. Revenue Growth - In 2024, the company's revenue reached 1.971 billion yuan, a year-on-year increase of 53.94%, significantly outperforming the industry [1][2]. - The revenue breakdown for key business segments includes: - Automotive seatbelt assemblies: 1.264 billion yuan, up 39.9% - Automotive airbags: 475 million yuan, up 151.86% - Automotive steering wheels: 131 million yuan, up 71.45% [2]. Profitability - The net profit attributable to shareholders for 2024 was 260 million yuan, a year-on-year increase of 31.65% [1][3]. - The company's gross margin was 28.71%, a decrease of 2.81 percentage points year-on-year [3]. Cost Management - The company effectively controlled expenses, with sales, management, and R&D expense ratios at 1.78%, 3.75%, and 4.97%, respectively, showing reductions compared to the previous year [3]. - R&D investment increased to 98 million yuan, a year-on-year growth of 46.27% [3]. Market Position and Product Development - The company is benefiting from the domestic automotive parts localization trend, enhancing its market position as a leading provider of passive safety systems [4]. - Customer base expansion includes partnerships with major domestic brands and new energy vehicle manufacturers, increasing its share in the passive safety system market [4]. - New product launches, particularly in airbags and steering wheels, are driving growth and transforming the company into a comprehensive supplier of passive safety systems [4]. Future Outlook - The company plans to maintain its revenue and profit forecasts for 2025 and 2026, with projected revenues of 2.591 billion yuan, 3.447 billion yuan, and 4.516 billion yuan for 2025-2027, and net profits of 447 million yuan, 593 million yuan, and 792 million yuan, respectively [5]. - The closing price on April 29, 2025, was 33.10 yuan, corresponding to a PE ratio of 16.76, 12.63, and 9.46 for 2025-2027 [5].

Group 1: Financial Performance - In Q1 2025, the company achieved revenue of 17,477.73 million yuan, a year-on-year increase of 22.51% [4] - The net profit attributable to shareholders in Q1 2025 was 1,868.79 million yuan, up 49.72% year-on-year [4] - For the year 2024, the company reported revenue of 75,223.52 million yuan, a growth of 34.71% compared to the previous year [4] - The net profit for 2024 was 10,650.25 million yuan, reflecting a year-on-year increase of 52.91% [4] - The proposed cash dividend for 2024 is 2.00 yuan per 10 shares, totaling an estimated distribution of 1,316.77 million yuan [4] Group 2: Investment and Expansion Plans - The company has invested 4.16 billion Thai Baht (approximately 90 million yuan) in establishing a subsidiary in Thailand for auto parts production [5] - The company plans to enhance market penetration in domestic, European, Oceanian, and Middle Eastern markets [5] - As of March 31, 2025, the company held cash and bank financial products totaling 264 million yuan, with no bank loans [8] - The company maintains a "reservoir-style" operating model to ensure sufficient funds for future risks and development [8] Group 3: Operational Updates - The Thai factory's construction is complete, with equipment installation and assembly in progress, expected to be operational by Q2 2025 [6] - The development of the intelligent RV towing robot is progressing normally, with software copyright obtained on April 11, 2025 [6] Group 4: Product Offerings - The company offers various products for vehicle modification, including air suspension kits, modified axles, limited-slip differentials, electronic ignition modules, brake modification kits, exhaust manifolds, and wireless charging modules [9]

Core Insights - Phinia (PHIN) reported a revenue of $796 million for the quarter ended March 2025, reflecting a decline of 7.8% year-over-year and a surprise of -2.94% against the Zacks Consensus Estimate of $820.13 million [1] - The earnings per share (EPS) for the quarter was $0.94, down from $1.08 in the same quarter last year, resulting in an EPS surprise of -9.62% compared to the consensus estimate of $1.04 [1] Financial Performance - The stock of Phinia has returned -0.6% over the past month, while the Zacks S&P 500 composite has seen a decline of -4.8% [3] - Phinia currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3] Geographic Revenue Breakdown - Revenue from the Americas was $356 million, exceeding the average estimate of $347.83 million [4] - Revenue from Europe was $317 million, falling short of the average estimate of $341.20 million [4] - Revenue from Asia was $123 million, below the average estimate of $137.25 million [4] Segment Performance - Aftermarket revenues were reported at $323 million, compared to the average estimate of $347.45 million [4] - Fuel Systems revenues were $473 million, which is lower than the average estimate of $501.34 million [4] - Segment Adjusted Operating Income (AOI) for Aftermarket was $52 million, compared to the average estimate of $55.52 million [4] - Segment AOI for Fuel Systems was $45 million, below the average estimate of $48.51 million [4]