Category: Suppliers

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

Magna’s Surround View System Launches on All-New Toyota Tundra

Features advanced technologies including 3D and 360-degree surround view, trailer guidance, mutli-terrain view, and see-through hood Available in the North American market Offers best-in-class image quality AURORA, Ontario, May 04, 2022 (GLOBE NEWSWIRE) — Magna’s advanced driver assist systems (ADAS) are helping pave the way for global automakers to enhance safety, comfort and convenience. The… Continue reading Magna’s Surround View System Launches on All-New Toyota Tundra

Meritor Reports Second-Quarter Fiscal Year 2022 Results

TROY, Mich., May 3, 2022 /PRNewswire/ — Meritor, Inc. (NYSE: MTOR) today reported financial results for its second fiscal quarter that ended March 31, 2022. Second-Quarter Highlights Sales of $1,154 million Net income attributable to Meritor of $62 million and net income from continuing operations attributable to Meritor of $61 million Diluted earnings per share from… Continue reading Meritor Reports Second-Quarter Fiscal Year 2022 Results

Magna Announces 2022 Annual and Special Meeting Results

AURORA, Ontario, May 03, 2022 (GLOBE NEWSWIRE) — Magna International Inc. (TSX: MG; NYSE: MGA) today announced voting results from its 2022 annual and special meeting of shareholders held on May 3, 2022. A total of 232,806,238 Common Shares or 78.92% of our issued and outstanding Common Shares were represented in person or by proxy… Continue reading Magna Announces 2022 Annual and Special Meeting Results

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

Cummins Reports First Quarter 2022 Results

COLUMBUS, Ind.–(BUSINESS WIRE)–Cummins Inc. (NYSE: CMI) today reported results for the first quarter of 2022. First quarter revenues of $6.4 billion increased 5 percent from the same quarter in 2021. Sales in North America increased 12 percent while international revenues decreased 3 percent, driven primarily by a slowdown in China. “Demand for our products remains… Continue reading Cummins Reports 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

Magna Begins Production of First Mild Hybrid Transverse Transmission for BMW Group

Magna is the exclusive mild hybrid transmission supplier for all front-transverse applications on BMW Group platform Contract extends across multiple models starting with the new BMW 2 Active Tourer Mild hybrid transmission technology significantly reduces CO2 emissions of an internal combustion engine AURORA, Ontario, May 02, 2022 (GLOBE NEWSWIRE) — Magna continues its accelerated transformation… Continue reading Magna Begins Production of First Mild Hybrid Transverse Transmission for BMW Group

Rolls-Royce and Schaeffler enter a 12-year partnership

2022-04-29 | Schweinfurt/Derby Schaeffler will provide long-term support for Rolls-Royce with the latest production technologies and manufacturing processes The contract mainly covers production and development of engine rolling bearing systems for widebody aircraft and business jet market segment This unique long-term partnership is the continuation of almost 40 years of collaboration between Rolls-Royce and Schaeffler… Continue reading Rolls-Royce and Schaeffler enter a 12-year partnership