TROY, Mich., Aug. 4, 2021 /PRNewswire/ — Meritor, Inc. (NYSE: MTOR) today reported financial results for its third fiscal quarter that ended June 30, 2021. Third-Quarter Highlights Sales of $1,016 million Net income attributable to Meritor and net income from continuing operations attributable to Meritor of $42 million Diluted earnings per share from continuing operations of $0.58… Continue reading Meritor Reports Third-Quarter Fiscal Year 2021 Results
Category: Suppliers
Meritor Selected by Hyliion to Supply Blue Horizon Electrification Technology for New Hypertruck ERX™ Launch
TROY, Mich., Aug. 4, 2021 /PRNewswire/ — Meritor, Inc. (NYSE: MTOR) today announced it will provide electric drivetrain sub-systems for Hyliion’s Hypertruck ERX™ electrified powertrain for Class 8 trucks. Hyliion’s powertrain system will feature Meritor’s Blue Horizon™ 14Xe™ ePowertrain integrated drive axles as the standard position propulsion and regeneration hardware on Hyliion vehicle upfits. Hypertruck ERX… Continue reading Meritor Selected by Hyliion to Supply Blue Horizon Electrification Technology for New Hypertruck ERX™ Launch
Eaton Corporation plc (ETN) Q2 2021 Earnings Call Transcript
Motley Fool 3 High-Growth Healthcare Stocks to Buy in August If you’re looking for stocks that can provide life-changing returns, the healthcare sector has exactly what want. Laboratory-to-market synthetic biology, or synbio, platforms are a dime a dozen these days, but Amyris stands head and shoulders above the rest. In March, Amyris announced success at… Continue reading Eaton Corporation plc (ETN) Q2 2021 Earnings Call Transcript
BorgWarner (BWA) Beats Q2 Earnings and Revenue Estimates
BorgWarner (BWA) came out with quarterly earnings of $1.08 per share, beating the Zacks Consensus Estimate of $0.79 per share. This compares to loss of $0.14 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 36.71%. A quarter ago, it was expected that this… Continue reading BorgWarner (BWA) Beats Q2 Earnings and Revenue Estimates
UPDATE 2-BorgWarner lifts 2021 forecast; sees chip crunch slowing in second half
(Updates with CFO quote, analyst comment and share move) By Sanjana Shivdas Aug 4 (Reuters) – BorgWarner Inc raised its full-year earnings and revenue forecast on Wednesday, and said the impact from the global semiconductor crunch would be lower in the second half of the year. However, the auto parts maker does not expect third… Continue reading UPDATE 2-BorgWarner lifts 2021 forecast; sees chip crunch slowing in second half
Meritor Announces Investment in SEA Electric
TROY, Mich., Aug. 3, 2021 /PRNewswire/ — Meritor, Inc. (NYSE: MTOR) today announced an equity investment in SEA Electric Holdings Pty Ltd. (“SEA Electric”), a global leader in commercial electric vehicles for urban delivery and logistics. With global headquarters in Los Angeles, SEA Electric currently partners with commercial vehicle OEMs, dealers, operators and upfitters to deliver a range… Continue reading Meritor Announces Investment in SEA Electric
Eaton (ETN) Tops Q2 Earnings and Revenue Estimates
Eaton (ETN) came out with quarterly earnings of $1.72 per share, beating the Zacks Consensus Estimate of $1.55 per share. This compares to earnings of $0.70 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 10.97%. A quarter ago, it was expected that this… Continue reading Eaton (ETN) Tops Q2 Earnings and Revenue Estimates
Eaton Reports Record Second Quarter 2021 Results, Raises 2021 Outlook
DUBLIN, August 03, 2021–(BUSINESS WIRE)–Power management company Eaton Corporation plc (NYSE:ETN) today announced that earnings per share were $1.26 for the second quarter of 2021. Excluding charges of $0.25 per share related to intangible amortization, $0.18 per share related to acquisitions and divestitures, and $0.03 per share related to a multi-year restructuring program, adjusted earnings… Continue reading Eaton Reports Record Second Quarter 2021 Results, Raises 2021 Outlook
Quanergy Demonstrates the Industry First OPA-based Solid State LiDAR with 100 Meter Range
SUNNYVALE, Calif.–(BUSINESS WIRE)– #Automotive–Quanergy Systems, Inc., a leading provider of OPA-based solid state LiDAR sensors and smart 3D solutions for automotive and IoT, today announced the successful driving demonstration of its S3 Series LiDAR, a true solid state LiDAR sensor using an industry-first Optical Phased Array (OPA) technology and a scalable CMOS silicon manufacturing process… Continue reading Quanergy Demonstrates the Industry First OPA-based Solid State LiDAR with 100 Meter Range
Cummins Reports Second Quarter 2021 Results
COLUMBUS, Ind.–(BUSINESS WIRE)–Cummins Inc. (NYSE: CMI) today reported results for the second quarter of 2021. Second quarter revenues of $6.1 billion increased 59 percent from the same quarter in 2020. Sales in North America increased 74 percent while international revenues increased 42 percent driven by strong demand across all global markets compared to the same… Continue reading Cummins Reports Second Quarter 2021 Results