Adient ADNT reported adjusted earnings per share of 34 cents for the first quarter of fiscal 2023, lagging the Zacks Consensus Estimate of 40 cents. The underperformance largely stemmed from lower-than-anticipated sales and profits from the EMEA segment. The bottom line, however, reversed from the year-ago loss of 38 cents per share. In the reported quarter,… Continue reading Adient (ADNT) Q1 Earnings Miss on Poor EMEA Unit Results
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Adient (ADNT) Q1 Earnings Miss on Poor EMEA Unit Results
Adient ADNT reported adjusted earnings per share of 34 cents for the first quarter of fiscal 2023, lagging the Zacks Consensus Estimate of 40 cents. The underperformance largely stemmed from lower-than-anticipated sales and profits from the EMEA segment. The bottom line, however, reversed from the year-ago loss of 38 cents per share. In the reported quarter,… Continue reading Adient (ADNT) Q1 Earnings Miss on Poor EMEA Unit Results
Global Media Group Thumbs up for GWM New Energy Products in Australia
BAODING, China, Feb. 10, 2023 /PRNewswire/ — Recently, GWM, one of the largest automobile manufacturers in China, unveiled its latest new energy products at its global media test drive event in Australia. At the conference of the event, the director in charge of GWM Australia systematically introduced to the media GWM’s determination to develop the… Continue reading Global Media Group Thumbs up for GWM New Energy Products in Australia
Eaton (ETN) Surpasses Q4 Earnings and Revenue Estimates
Eaton Corporation ETN has reported fourth-quarter 2022 earnings of $2.06 per share, which surpassed the Zacks Consensus Estimate by 0.9%. Earnings were up 20% year over year. GAAP earnings for the reported quarter were $1.8 per share compared with $1.37 in the year-ago quarter. The difference between GAAP and operating earnings for the reported quarter… Continue reading Eaton (ETN) Surpasses Q4 Earnings and Revenue Estimates
Here’s What Key Metrics Tell Us About BorgWarner (BWA) Q4 Earnings
For the quarter ended December 2022, BorgWarner (BWA) reported revenue of $4.11 billion, up 12.4% over the same period last year. EPS came in at $1.26, compared to $1.06 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $3.89 billion, representing a surprise of +5.56%. The company delivered an EPS… Continue reading Here’s What Key Metrics Tell Us About BorgWarner (BWA) Q4 Earnings
BorgWarner Expands Silicon Carbide Inverter Business with Major Global OEM
800V inverter technology offers ideal scalability, superior efficiency and high power density Builds upon 400V inverter business with the automaker SOP is 2025 for battery electric vehicle (BEV) platforms AUBURN HILLS, Mich., Feb. 9, 2023 /PRNewswire/ — BorgWarner is building upon its current 400V inverter business with a major global OEM by now also supplying 800V… Continue reading BorgWarner Expands Silicon Carbide Inverter Business with Major Global OEM
BorgWarner (BWA) Q4 Earnings and Revenues Beat Estimates
BorgWarner (BWA) came out with quarterly earnings of $1.26 per share, beating the Zacks Consensus Estimate of $1.04 per share. This compares to earnings of $1.06 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 21.15%. A quarter ago, it was expected that this… Continue reading BorgWarner (BWA) Q4 Earnings and Revenues Beat Estimates
Adient plc (NYSE:ADNT) Q1 2023 Earnings Call Transcript
Adient plc (NYSE:ADNT) Q1 2023 Earnings Call Transcript February 7, 2023 Operator: Welcome to the Adient First Quarter Fiscal Year 2023 Earnings Call. Today’s conference is being recorded. If have any objections, you may disconnect at this time. I would now like to turn the conference over to your host, Mark Oswald. Thank you. Mark… Continue reading Adient plc (NYSE:ADNT) Q1 2023 Earnings Call Transcript
GOODYEAR REPORTS FOURTH QUARTER AND FULL-YEAR 2022 FINANCIAL RESULTS
AKRON, Ohio, Feb. 8, 2023 /PRNewswire/ — The Goodyear Tire & Rubber Company (NASDAQ: GT) today reported results for the fourth quarter and full-year 2022 in an Investor Letter published to its investor relations website: http://investor.goodyear.com. The Goodyear Tire & Rubber Company, Akron, Ohio, USA. (PRNewsFoto/Goodyear Tire & Rubber Company) The Company will host an… Continue reading GOODYEAR REPORTS FOURTH QUARTER AND FULL-YEAR 2022 FINANCIAL RESULTS
Eaton Reports Record Fourth Quarter 2022 Results, Guidance on 2023 Outlook
Fourth Quarter Earnings Per Share of $1.80 and Record Quarterly Adjusted Earnings Per Share of $2.06, up 20% Over 2021 Record Fourth Quarter Segment Margins of 20.8%, 150 Basis Points Above the Fourth Quarter of 2021 Strong Backlog Growth with Orders up 25% in Electrical and up 24% in Aerospace on a Rolling 12-Month Basis… Continue reading Eaton Reports Record Fourth Quarter 2022 Results, Guidance on 2023 Outlook