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Strattec to Participate in Upcoming Virtual Investor Conferences
Businesswire· 2025-12-02 13:30
("Company†), a leading provider of smart vehicle access, security and authorization solutions for the global automotive industry, today announced that Jennifer Slater, President & CEO, and Matthew Pauli, Chief Financial Officer, will participate in two upcoming virtual investor conferences: the iAccess Alpha Virtual Best Ideas Winter Investment Conference and the Sidoti Year End Virtual Investor Conference. Investor Conference Details: Live audio webcasts of both events, with accompanying slides, will be ...
Toyota Boshoku America, Inc. Acquires Full Ownership of TBDN Tennessee Company, Rebrands as Toyota Boshoku Jackson Tennessee, LLC
Businesswire· 2025-12-01 15:03
Core Insights - Toyota Boshoku America, Inc. has acquired full ownership of TBDN Tennessee Company, LLC, a joint venture with DENSO International America, Inc., and will rebrand it as Toyota Boshoku Jackson Tennessee, LLC [1][2][3] Company Overview - TBDN Tennessee Company was originally established to manufacture automotive powertrain products, including air cleaners, air filters, oil filters, intake manifolds, oil mist separators, cylinder head covers, and cabin air filters [2] - The acquisition allows Toyota Boshoku America to streamline decision-making, accelerate innovation, and enhance service to customers and stakeholders [3] Strategic Implications - The transition to Toyota Boshoku Jackson Tennessee, LLC marks a new chapter for the company while honoring its 35-year legacy in the automotive filtration industry [3][4] - Production of DENSO branded products will continue, ensuring a seamless transition with no disruption to service [4] Community Commitment - The company emphasizes its commitment to the Jackson community and aims to cultivate meaningful partnerships that contribute to regional growth and long-term success [4] Milestone Celebration - To commemorate the acquisition and rebranding, Toyota Boshoku Jackson Tennessee will host a 35th Anniversary employee celebration in December [5]
Oshkosh Corporation to Participate in the UBS Global Industrials and Transportation Conference
Businesswire· 2025-11-18 16:00
Core Insights - Oshkosh Corporation will participate in the UBS Global Industrials and Transportation Conference with a presentation by President and CEO John Pfeifer scheduled for December 2, 2025 [1][2] Company Overview - Oshkosh Corporation is a leading innovator of purpose-built vehicles, equipment, and services, headquartered in Wisconsin, employing over 18,000 team members globally [3][6] - The company operates under various brands, including JLG, Pierce, and Oshkosh Defense, and its products are available in more than 150 countries [3] Recent Achievements - Oshkosh Corporation has been recognized as a 2026 Military Friendly® Employer for the 15th consecutive year, highlighting its commitment to creating career opportunities for veterans and their spouses [6] - The company received two CES Innovation Awards® 2026 Best of Innovation and multiple Honoree distinctions in categories such as Robotics and Construction, showcasing its technology leadership [7] Financial Performance - For the third quarter of 2025, Oshkosh Corporation reported a net income of $196.2 million, or $3.04 per diluted share, an increase from $180.3 million, or $2.75 per diluted share, in the same quarter of 2024 [8]
Strong Growth in Mobility, Outstanding Free Cash Flow, and NCIB Renewal Marks a Solid Q3 for Linamar
Globenewswire· 2025-11-12 21:00
Core Insights - The company reported a 6.8% increase in Normalized Earnings per Share despite a slight decline in sales [1] - Free Cash Flow for Q3 2025 reached $320.9 million, an increase of $51.3 million from the previous year, attributed to effective cash management [6] - The company has successfully diversified its strategy, leading to growth in the Mobility segment and increased market share in the Industrial segment [3][4] Financial Performance - Sales for Q3 2025 were $2,541.7 million, down from $2,635.7 million in Q3 2024, while net earnings rose to $169.2 million from $138.0 million [5] - Normalized Operating Earnings increased by 87.7% to $165.9 million, with margins expanding to 8.6% [6] - The company maintained a strong liquidity position of $2.2 billion, up 54.9% from Q3 2024 [6] Shareholder Returns - The company declared a quarterly dividend of CDN$0.29 per share, payable on or after December 2, 2025 [10] - The Toronto Stock Exchange approved the renewal of the Normal Course Issuer Bid, allowing the company to repurchase up to 3,850,534 shares over the next 12 months [9] Strategic Acquisitions - The company announced the acquisition of Georg Fischer's Leipzig casting facility and Aludyne's North American assets, enhancing its manufacturing capabilities [7] - These acquisitions are expected to contribute significantly to the company's growth strategy for 2026 [8] Segment Performance - The Mobility segment showed strong performance, with operating earnings of $161.1 million, while the Industrial segment faced challenges with earnings of $89.8 million [5] - The company increased its market share in aerial work platforms and newer agricultural products despite a decline in industrial markets [3]
Authorized Distributor Mouser Electronics Offers Over 750,000 Parts from Leading Manufacturer TE Connectivity
Businesswire· 2025-11-11 16:11
Core Insights - Mouser Electronics is an authorized global distributor offering over 750,000 parts from TE Connectivity, including more than 75,000 items in stock and ready to ship [1][2] Product Offerings - TE's GEMnet multi-gig differential connector system supports up to 56 Gbps for various applications, including automotive and safety-critical systems [2] - The BIOFUSE Bio Innovation Splice Sealing (BISS) and Bio Innovation Cap (BICAP) are eco-friendly heat-shrink tubing and caps that provide high performance while reducing environmental impact [3] - TE's FAKRA and MATE-AX cable assemblies are designed for high-frequency automotive applications, offering a range of configurations and significant PCB footprint reduction [4] - The RT Series N EMC/RFI chokes filter electromagnetic interference on AC power lines up to 600 VAC, suitable for various applications including EV charging stations [5] Collaborations and Recognition - TE Connectivity and Mouser Electronics collaborated on an eBook discussing advancements in industrial automation and smart manufacturing [6] - Mouser has received multiple awards from TE Connectivity, including the TE Global High Service Distributor of the Year Award for several consecutive years [7][8] Company Overview - Mouser Electronics provides a wide selection of semiconductors and electronic components, with over 6.8 million products from more than 1,200 manufacturers available on its platform [11] - TE Connectivity is a global leader in industrial technology, focusing on connectivity and sensor solutions across various sectors, including transportation and energy [12]
Atmus Filtration Technologies Reports Third Quarter 2025 Results
Businesswire· 2025-11-07 11:42
Core Insights - Atmus Filtration Technologies reported a strong financial performance for the third quarter of 2025, with net sales increasing by 10.9% year-over-year to $448 million, driven by higher volume, pricing increases, and favorable currency impacts [5][7][21] - The company has completed its operational separation from Cummins Inc., achieving full operational control and a fully integrated distribution network [4][5] - Atmus has raised its guidance for 2025, indicating positive expectations for future performance [3] Financial Performance - Net sales for Q3 2025 were $448 million, up from $404 million in Q3 2024 [5][21] - Gross margin increased to $129 million, representing 28.9% of net sales, compared to 27.6% in the same period last year [6][21] - GAAP net income was $55 million, or $0.66 per diluted share, compared to $44 million, or $0.52 per diluted share in Q3 2024 [9][21] - Adjusted EBITDA was $92 million, with an adjusted EBITDA margin of 20.4%, up from $79 million and 19.6% in Q3 2024 [8][21] Cash Flow and Shareholder Returns - Cash provided by operating activities was $82 million, an increase from $71 million in Q3 2024 [10][11] - Adjusted free cash flow was $72 million, compared to $65 million in the same quarter last year [11] - The company repurchased $30 million of common stock under its $150 million share repurchase program and declared a quarterly cash dividend of $0.055 per share, a 10% increase from the previous quarter [3][32] Operational Developments - The operational separation from Cummins Inc. has been completed, marking a significant milestone for Atmus [4][5] - The company has established a fully integrated distribution network, enhancing its operational capabilities [4]
XPEL Debuts COLOR PPF, Ultra-Exclusive Pagani Imola Roadster & Live Demos at SEMA 2025
Businesswire· 2025-11-03 20:00
Core Insights - XPEL, Inc. is set to debut its innovative XPEL COLOR Paint Protection Film (PPF) at the 2025 SEMA Show, featuring a palette of 16 colors for vehicle personalization and protection [2][18] - The live demonstration will showcase a transformation of a 2025 BMW M5 Touring from its factory finish to a custom livery using the new COLOR PPF [2][3] - XPEL will also display an ultra-exclusive 2025 Pagani Imola Roadster, one of only eight in the world, featuring unique color-shifting paint and protected with XPEL's premium products [3][4] Product Launch - The XPEL COLOR PPF combines high-quality vehicle paint protection with customizable color options, enhancing both protection and personalization for car owners [2][18] - Live installations and demonstrations will be conducted on various vehicles, including a Mazda CX-90, to showcase the clarity, durability, and protection of XPEL products [5][4] Special Appearances - Notable guests at the SEMA Show include Will Castro, INDYCAR driver Scott McLaughlin, Moto Superbike racer P.J. Jacobsen, and championship drag racer Ryan Martin, who will participate in meet-and-greet sessions [6][7][8][9] - Will Castro will highlight his automotive mentorship program, Unique Academy USA, which trains aspiring technicians in automotive film applications [6][12] Company Overview - XPEL, Inc. is a leading provider of protective films and coatings, including automotive paint protection film, surface protection film, and ceramic coatings, with a commitment to high-quality products and customer service [11][18] - The company is publicly traded on Nasdaq under the symbol "XPEL" and has a global footprint with a network of trained installers [11][18]
RECORD-SETTING $2.2 MILLION BUGATTI VEYRON LEADS BROAD ARROW’S INAUGURAL LAS VEGAS AUCTION
Globenewswire· 2025-11-03 18:48
Core Insights - Broad Arrow Auctions successfully held its inaugural Las Vegas Auction on October 31, 2025, achieving a total sales amount of $13.7 million with an impressive 82% sell-through rate [1][2][4] Auction Performance - The auction featured a total sales figure of $13,716,840, with 82% of the lots sold, indicating strong demand and participation [2] - More than one third of the bidders were first-time participants in a Broad Arrow auction, showcasing the auction's ability to attract new collectors [2] Notable Sales - The highlight of the auction was the sale of a 2010 Bugatti Veyron EB 16.4 Coupe, which sold for $2,205,000, setting a new world record for a standard Veyron at auction, surpassing its pre-sale estimate of $1.5 million to $1.8 million [3][6] - Other significant sales included a 1962 Mercedes-Benz 300 SL Roadster, which sold for $1,831,000 (estimate: $1.45 million to $1.6 million) and a 1965 Aston Martin DB5 Vantage, which fetched $1,116,000 (estimate: $850,000 to $1 million) [4][6] Market Trends - The auction results reflect a growing market demand for original, unmodified supercars, particularly the Bugatti Veyron, which has seen increased interest over the past year [4] - Classic cars, especially best-of-category examples, continue to attract discerning collectors, as evidenced by the strong performance of post-War classics at the auction [4][5] Future Outlook - Broad Arrow Auctions plans to expand its global footprint and bring its auction experience to new regions in 2026, following the success of its Las Vegas event [6]
Magna(MGA) - 2025 Q3 - Earnings Call Presentation
2025-10-31 12:00
Q3 2025 Performance Highlights - Sales increased by 2% to $10462 million compared to Q3 2024[32,40] - Adjusted EBIT increased by 3% to $613 million with a margin of 59%, a 10 bps increase[30,35,40] - Adjusted Diluted EPS increased by 4% to $133[30,40] - Free Cash Flow increased by $398 million to $572 million[30,45] Updated 2025 Outlook - Sales are projected to be in the range of $411 billion to $421 billion[23] - Adjusted EBIT Margin is expected to be between 54% and 56%[23] - Capital spending is now expected to be approximately $15 billion, which is about 36% of sales[12] - Free cash flow outlook raised by $200 million, now expected to be between $10 billion and $12 billion[12,23] Segment Performance - Seating sales increased by 10% with EBIT margin up 40 bps[42] - Power & Vision sales increased by 3% with EBIT margin up 60 bps[42] - Body Exteriors & Structures sales remained flat, but EBIT margin decreased by 120 bps[42] - Complete Vehicles sales decreased by 6% with EBIT margin up 40 bps[42] Other Key Points - The company expects the leverage ratio to be below 17x by the end of 2025[12] - Magna has been awarded new complete vehicle assembly business with China-based OEMs, including XPENG[13,14] - Phil Fracassa was named CFO in September[24]
PHINIA Reports Third Quarter 2025 Results
Businesswire· 2025-10-28 11:30
Core Insights - PHINIA Inc. reported strong third-quarter results for 2025, highlighting the effectiveness of its strategic growth initiatives and the dedication of its workforce [3][4]. Financial Performance - Net sales reached $908 million, marking an 8.2% increase compared to Q3 2024. Adjusted sales increased by $43 million or 5.1% when excluding foreign currency impacts and the SEM acquisition [4][27]. - Net earnings were $13 million with a net margin of 1.4%, a decrease of $18 million and 230 basis points year-over-year, primarily due to a one-time loss related to separation claims [4][16]. - Adjusted EBITDA was $133 million, with an adjusted EBITDA margin of 14.6%, reflecting a year-over-year increase of $13 million and 30 basis points [4][28]. - The company returned $41 million to shareholders through share repurchases and dividends [4]. Strategic Developments - The acquisition of Swedish Electromagnet Invest AB (SEM) for approximately $47 million was completed, enhancing PHINIA's capabilities in alternative fuel ignition systems [4][5]. - New business wins included contracts with leading OEMs in North America and Asia, expanding PHINIA's market presence [4][5]. Balance Sheet and Cash Flow - The company ended the quarter with cash and cash equivalents of $349 million and total debt of $992 million [6][7]. - Net cash generated by operating activities was $119 million, a year-over-year increase of $24 million, while adjusted free cash flow was $104 million compared to $60 million in Q3 2024 [7][30]. 2025 Full Year Guidance - PHINIA updated its full-year guidance, projecting net sales between $3.39 billion and $3.45 billion, with net earnings expected to be $100 million to $110 million [8]. - Adjusted EBITDA is projected to be between $465 million and $480 million, with an adjusted free cash flow forecast of $175 million to $205 million [8].