PLYMOUTH, Mich., May 5, 2022 /PRNewswire/ — Adient (NYSE: ADNT), a global leader in automotive seating, today announced its second quarter 2022 financial results. (PRNewsfoto/Adient) Q2 GAAP net loss and EPS diluted of $(81)M and $(0.85), respectively; Q2 Adj.-EPS diluted of $(0.13) Q2 Adj.-EBITDA of $159M, down $144M y-o-y (down $131M when adjusting for portfolio… Continue reading Adient reports second quarter 2022 financial results
Author: Yarhow_Finance Online News
Eaton (ETN) Q1 2022 Earnings Call Transcript
Motley Fool Why Skyworks Stock Just Crashed 10% Shares Skyworks Solutions (NASDAQ: SWKS), which makes semiconductors for wireless devices, crashed Wednesday morning, down 10.1% as of 10:20 a.m. ET, despite hitting analyst targets for its fiscal second-quarter sales and earnings last night. Heading into earnings day, analysts had predicted Skyworks would earn $2.63 per share (pro… Continue reading Eaton (ETN) Q1 2022 Earnings Call Transcript
Eaton Reports Record First Quarter 2022 Results
10% Organic Sales Growth, Above the High End of Guidance, Record Backlog and Accelerating Order Activity up 30% in Electrical and up 35% in Aerospace DUBLIN, May 03, 2022–(BUSINESS WIRE)–Power management company Eaton Corporation plc (NYSE:ETN) today announced that earnings per share were $1.33 for the first quarter of 2022. Excluding charges of $0.25 per… Continue reading Eaton Reports Record First Quarter 2022 Results
Eaton to Acquire 50% Stake in Jiangsu Huineng Electric Co., Ltd.’s Circuit Breaker Business
Expands Eaton’s reach to renewable energy, commercial building, utility and industrial customers in the rapidly growing Chinese market DUBLIN, May 02, 2022–(BUSINESS WIRE)–Power management company Eaton (NYSE:ETN) today announced it has signed an agreement to acquire a 50% stake in the circuit breaker business of Jiangsu Huineng Electric Co., Ltd. (Huineng), which manufactures and markets… Continue reading Eaton to Acquire 50% Stake in Jiangsu Huineng Electric Co., Ltd.’s Circuit Breaker Business
Dana (DAN) Q1 Earnings and Revenues Surpass Estimates
Dana (DAN) came out with quarterly earnings of $0.16 per share, beating the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.66 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 14.29%. A quarter ago, it was expected that this… Continue reading Dana (DAN) Q1 Earnings and Revenues Surpass Estimates
Autoliv Shares Slide On Q1 Miss, FY22 Outlook Cut
Investopedia Top REITs for May 2022 Real estate investment trusts (REITs) are publicly traded companies that allow individual investors to buy shares in real estate portfolios that receive income from a variety of properties. They allow investors to invest easily in the real estate sector, which includes companies that own, develop, and manage residential, commercial, and industrial properties.… Continue reading Autoliv Shares Slide On Q1 Miss, FY22 Outlook Cut
Linamar Acquires Partner’s Interest in GF Linamar Joint Venture Casting Facility
GUELPH, ON, March 31, 2022 /CNW/ – Linamar Corporation (TSX: LNR) today announced an agreement with GF Casting Solutions (GF) to acquire their 50% interest in their Joint Venture, GF Linamar LLC, located in Mills River, North Carolina. GF Casting Solutions is a division of Georg Fischer AG (SIX:FI-N). The two parties originally formed the… Continue reading Linamar Acquires Partner’s Interest in GF Linamar Joint Venture Casting Facility
Magna (MGA) to Expand Ontario Operations for Battery Enclosures
Magna International MGA recently announced that it is expanding its operations into Chatham-Kent, Ontario, as part of an extension of its current operations in St. Thomas to support new business from Ford F. Magna, focused on accelerating its electrification strides, is leveraging its top-class body and chassis expertise to provide innovative battery enclosures. MGA’s investment… Continue reading Magna (MGA) to Expand Ontario Operations for Battery Enclosures
Exclusive-Chinese automaker SAIC’s MG Motor India to raise funds for EV push -sources
By Aditi Shah and Aditya Kalra NEW DELHI (Reuters) – MG Motor India, which is owned by China’s SAIC Motor, plans to raise funds to develop its Indian electric mobility business, three sources told Reuters, as Chinese investments face increased scrutiny by the government in New Delhi. MG Motor India may try to sell a… Continue reading Exclusive-Chinese automaker SAIC’s MG Motor India to raise funds for EV push -sources
Ford CFO on supply-chain challenges, electric vehicle production
Yahoo Finance anchor Brad Smith talks with Ford CFO John Lawler about the company’s Ford+ plan, supply chain challenges, and production of electric vehicles. Video Transcript BRAD SMITH: Ford announcing the initiation of new internal business units. Ford Model E, which will be dedicated to the electric vehicle business, and Ford Blue whose mission is… Continue reading Ford CFO on supply-chain challenges, electric vehicle production