MEXICO CITY--(BUSINESS WIRE)--Orbia Advance Corporation, S.A.B. de C.V. (BMV: ORBIA*) ("the Company†or "Orbia†) today released unaudited results for the third quarter of 2025. Orbia delivered revenues of $1.97 billion and EBITDA of $295 million for the quarter. Operating cash flow of $271 million represented a conversion rate of 92% of EBITDA for the third quarter of 2025. While the demand environment remains subdued in Polymer Solutions and Building & Infrastructure, market conditions have generally stab ...

Financial Data and Key Metrics Changes - The third quarter adjusted EBITDA improved to $143 million, a 52% increase over the prior quarter, driven by margin expansion from higher realized prices and improved mix [17] - Steel shipment volumes were 4 million tons in the quarter, a reduction from the prior quarter due to summer slowdowns and continued market discipline [17] - The average selling price increased to $1,032 per net ton, up $17 per net ton over the prior quarter, driven by an increase in automotive shipments from 26% to 30% share [17][18] Business Line Data and Key Metrics Changes - The automotive sector is leading the rebound in domestic steel demand, with the third quarter being the best auto steel shipment quarter since Q1 2024 [3] - The company locked in multi-year agreements with major automotive OEMs, covering higher sales volumes and favorable pricing through 2027 or 2028 [3][4] - The mix shifted favorably toward automotive, with coated volumes increasing from 27% to 29% share [17] Market Data and Key Metrics Changes - The Canadian market continues to lag expectations, with 9% of total sales coming from Stelco, and imported steel penetration into Canada at 65% [11] - The U.S. automotive sector is experiencing a resurgence, supported by domestic steel production, which is critical for national security [4][5] Company Strategy and Development Direction - The company is focused on strengthening its position in the automotive steel market and is prepared for increased demand in 2026 [6][7] - A memorandum of understanding with a major global steelmaker aims to leverage the company's U.S. footprint for downstream industrial clients moving production to the U.S. [10] - The company is exploring opportunities in rare earth elements within its mining portfolio, identifying two sites in Minnesota and Michigan for potential development [15][16] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the recovery in the automotive sector and the effectiveness of cost actions taken [24] - The company anticipates that operational improvements will lead to amplified EBITDA and cash flow as demand stabilizes [22][23] - The management highlighted the importance of consistent demand and stable policy to sustain the recovery [22] Other Important Information - The company was awarded a five-year, $400 million fixed-price contract by the U.S. Department of War for grain-oriented electrical steel, reinforcing its strategic importance [14] - The company is on track to achieve projected annual savings of $300 million from operational efficiencies implemented earlier in the year [18] Q&A Session Summary Question: How quickly could the company produce products in the rare earth vertical? - The company has identified two promising sites and is working with geologists to assess their commercial viability, with potential cooperation opportunities with Canada [26][30] Question: Can you provide details on the asset sale process? - The company has closed on a portion of the sale of FPT and is considering selling its direct reduction plant in Toledo, Ohio, due to a lack of strategic value [34][35] Question: Did any new auto contracts kick in during this quarter? - Some contracts began on October 1, and the company expects significant activity from these contracts as the year turns to 2026 [52] Question: What does the guidance imply for further unit cost reductions? - The company expects costs to be down $50 a ton year-over-year when adjusted for the increased automotive mix, with shipments expected to be similar to Q3 [54][56] Question: Can you comment on the volume growth from the new auto agreements? - The new contracts are expected to generate more margin, and the company has significant capacity to meet the automotive industry's needs [61][62]

阿联酋 第45届海湾信息技术展于阿联酋迪拜闭幕，吸引180个国家的6800多家企业和2000多家初创企业参与，展示未来科技发展创新。中国参展企业达到372家，创 历史新高，包括来自中关村科学城的50余家海淀企业，展示了中国在人工智能、数字医疗、战略性新兴产业和前沿技术的最新成果。中国驻迪拜总领事和大 使考察展会，与参展企业交流合作事宜。（央视新闻） 首届阿联酋国际投资峰会中国峰会11月在沪举行 小鹏汇天"陆地航母"获中东首批600台订单，计划最早2027年进入中东市场 近日，在迪拜举办"陆地航母"首场国际品鉴会上，小鹏汇天"陆地航母"完成了海外首次有人驾驶公开飞行演示。发布会上，国际新品牌"ARIDGE"正式公 布；同时，汇天正式官宣位于广州的飞行汽车智造基地已于9月底全面竣工，为2026年"陆地航母"量产交付做好生产准备。在活动现场，汇天与阿联酋 Ali& Sons 集团、卡塔尔 Almana 集团、科威特 AlSayer 集团和阿联酋中华工商总会签订中东地区首批600台飞行汽车订购协议。目前陆地航母已累计7000台订 单。汇天计划最早于2027年进入中东市场。（智通财经） 华为 AI 点燃中东 5G 风暴 ...

Core Insights - Eaton will announce its third quarter 2025 earnings on November 4, 2025, before the New York Stock Exchange opens [1] - A conference call will be held at 11 a.m. Eastern time on the same day to discuss the earnings results [2] Company Overview - Eaton is an intelligent power management company focused on environmental protection and improving quality of life [3] - The company operates in various markets including data centers, utilities, industrial, commercial, aerospace, and mobility [3] - In 2024, Eaton reported revenues of nearly $25 billion and serves customers in over 160 countries [4] Recent Developments - Eaton extended its global exclusive distribution agreement with Satair for commercial fuel components [7] - The company also expanded its distribution agreement with Proponent, effective January 1, 2026, to include a wider range of commercial fuel and actuation components [8] - Eaton's smart factory in Changzhou, China, was recognized by the World Economic Forum as a Lighthouse for exceptional performance in various manufacturing metrics [9]

For more information, contact: Oshkosh Corporation to Announce Third Quarter 2025 Earnings on October 29, 2025 Share Oct 15, 2025 11:00 AM Eastern Daylight Time OSHKOSH, Wis.--(BUSINESS WIRE)--Oshkosh Corporation (NYSE: OSK), a leading innovator of purpose- built vehicles and equipment, will issue its third quarter 2025 financial results on Wednesday, October 29, 2025. The results will be discussed during a live webcast that day beginning at 9:30 a.m. EDT. To access the webcast, investors should go to inves ...

NORTHVILLE, Mich., Oct. 08, 2025 (GLOBE NEWSWIRE) -- Tenneco proudly introduces GLYCODUR® NEO, its latest bearing solution featuring GLYCO 692, a groundbreaking, PFAS-free material engineered to meet the growing demand for sustainable, high-performance sliding solutions. Designed for both dry and lubricated use, GLYCODUR® NEO with GLYCO 692 sets a new benchmark in tribological performance, safety and versatility. “Our customers are seeking reliable, future-ready solutions that address both performance and ...

February 2024 Investor Presentation Forward-Looking Statements In this presentation, we make statements concerning our expectations, beliefs, plans, objectives, goals, strategies, and future events or performance. Such statements are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995 and relate to trends and events that may affect our future financial position and operating results. The terms such as "will," "may," "could," "would," "plan," "believe," "ex ...

Core Insights - DLL and Iveco Group are forming a Joint Venture (JV) to enhance access to low- to zero-emission commercial vehicles in Europe [1][2] - DLL will acquire a 51% stake in GATE, a subsidiary of Iveco Group, while Iveco Group retains 49% [2] - The JV aims to provide financial backing and asset financing expertise to accelerate GATE's growth and development [2][3] Company Overview - DLL is a global asset finance company with a managed portfolio exceeding EUR 47 billion, operating in over 25 countries [5] - DLL focuses on various industries including Agriculture, Construction, Energy Transition, and Transportation, providing financial solutions throughout the asset life cycle [5] - Iveco Group is a leader in the automotive sector, encompassing brands that specialize in commercial vehicles, powertrain technologies, and mass transit solutions [6][7] Strategic Goals - The JV will facilitate sustainable mobility through rental solutions tailored to customer needs, expanding GATE's operations beyond Italy to France and Germany, with plans for further expansion [3] - DLL's CEO emphasized the commitment to energy transition and decarbonization through partnerships and innovative financing solutions [4] - Iveco Group's President highlighted the collaboration as a significant step towards supporting customers in their energy transition efforts [4]

Financial Data and Key Metrics Changes - Revenue for 2024 was $25.2 million, a 29% increase from $19.5 million in 2023, driven by increased unit sales and higher average selling prices [30] - Gross profit for 2024 increased by 30% to $5.9 million compared to $4.5 million in the previous year, with a gross profit margin of 23.4% [30][32] - The net loss for 2024 was $10.8 million, or $0.32 per diluted share, compared to a loss of $1.2 million, or $0.05 per diluted share, in 2023 [32] Business Line Data and Key Metrics Changes - The company reported a fourth-quarter revenue of $5.3 million, up from $4.8 million in the prior year, attributed to increased sales volume and higher customization [24][25] - The average selling price per vehicle increased by $25,000, contributing to the overall revenue growth [30] Market Data and Key Metrics Changes - The company has begun to establish a retail presence, with the first retail location opened in West Palm Beach, Florida, and a second in Nantucket, which are expected to enhance customer engagement and sales [19][20] - Currently, retail locations contribute about 20% of leads and sales, shifting from a previous 100% reliance on digital channels [48] Company Strategy and Development Direction - The company aims to expand its retail strategy to enhance customer engagement and reduce marketing costs associated with mobile outreach [17][19] - ECD Auto Design is focusing on building a luxury brand akin to LVMH in the classic car space, leveraging licensing agreements to consolidate the custom defender market [15] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about reaching a crossover point for cash flow positive operations at approximately 10 units sold per month, with current sales at about 8.5 units [39] - The company is actively monitoring tariffs and has implemented internal controls to mitigate potential impacts on pricing and margins [50][51] Other Important Information - The company has undergone a re-audit of its financials due to the shutdown of its prior auditor, which has delayed filings but is now up to date [7][12] - The company has a cash balance of $1.5 million as of December 31, 2024, down from $8.1 million the previous year, with plans to maintain production and sales at current cash levels [32][33] Q&A Session Summary Question: Regarding non-recurring charges and growth potential - The analyst inquired about the impact of non-recurring charges on future income from operations, suggesting that reasonable growth could lead to positive cash flow [38] Response: Cash flow crossover point - Management indicated that the crossover point for cash flow positive operations is around 10 units per month, with expectations to reach this soon due to backlog and retail site launches [39][40] Question: Split between web-based sales and retail locations - The analyst asked about the sales mix between digital channels and retail locations [44] Response: Current sales mix - Management noted that currently, 80% of sales come from digital channels and 20% from retail, indicating a significant shift in marketing strategy [48] Question: Mitigation of tariff impacts - The analyst requested insights on how the company plans to mitigate tariff impacts [49] Response: Internal controls and pricing strategy - Management explained that they have committed to not increasing base contract prices and have adjusted upgrade pricing to offset tariff impacts [50][51]

Financial Data and Key Metrics Changes - Net sales of steering products increased by 18.6% year-over-year in Q4 2024, with annual net sales rising by 12.9% to a record $650.9 million [7][24] - Gross profit for 2024 increased by 5.2% year-over-year to $109.2 million, while gross margin decreased to 16.8% from 18% in 2023 [12][25] - Net income attributable to parent company's common shareholders was $30 million in 2024, down from $37.7 million in 2023, resulting in diluted income per share of $0.99 compared to $1.25 in 2023 [14][31] Business Line Data and Key Metrics Changes - Electric power steering (EPS) product sales rose by 29.9% year-over-year for 2024, contributing significantly to overall sales growth [7][24] - Traditional steering products grew by 4.3% year-over-year, while sales from the subsidiary Henglong to the Chinese passenger vehicle market increased by 20% [8][24] - North American operations reported lower sales in 2024 due to reduced demand from Stellantis [8] Market Data and Key Metrics Changes - Chinese GDP increased by 5.4% in Q4 2024, with an annual growth of 5% [9] - Combined unit sales of passenger and commercial vehicles in China increased by 4.5% year-over-year to 31.4 million units in 2024, with new energy vehicle sales growing by 35.5% [10][11] Company Strategy and Development Direction - The company aims to benefit from the transition from internal combustion engines to electric powertrains and from human driving to autonomous driving [18] - Management is focusing on expanding the EPS portfolio and developing advanced driver systems technologies [18] Management Comments on Operating Environment and Future Outlook - The management acknowledged challenges in the Chinese economy, including declining population and sluggish consumer demand, but expressed confidence in sustainable sales growth [10][15] - Revenue guidance for 2025 is set at $700 million, primarily driven by expected growth in EPS sales [34] Other Important Information - A special cash dividend of $0.80 per common share was paid in August 2024, reflecting confidence in cash flow generation [15][16] - The company has implemented a share buyback program of up to $5 million [16] Q&A Session Summary Question: What areas will generate the projected sales growth for 2025? - Management indicated that the majority of the sales increase will come from EPS sales, expecting a 30% year-over-year increase in volume, translating to an additional 400,000 units in 2025 [41]