Delivers Strong Cash Flow DETROIT, Aug. 4, 2023 /PRNewswire/ — American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) today reported its financial results for the second quarter 2023. Second Quarter 2023 Results Sales of $1.57 billion Net income of $8.0 million, or 0.5% of sales Adjusted EBITDA of $191.6 million, or 12.2% of sales Diluted… Continue reading AAM Reports Second Quarter 2023 Financial Results
Tag: Financial Results
Gates Industrial Reports Second-Quarter 2023 Results
DENVER, Aug. 4, 2023 /PRNewswire/ — Second-Quarter 2023 Financial Summary Record second-quarter net sales of $936.3 million, up 3.3% compared to the prior-year period, including core revenue growth of 3.9%. Net income attributable to shareholders of $64.9 million, or $0.23 per diluted share. Adjusted Net Income per diluted share of $0.36. Net income from continuing… Continue reading Gates Industrial Reports Second-Quarter 2023 Results
Nikola Corporation Reports Second Quarter 2023 Results
Executing on business plan, increasing cash position, and decreasing cash use Continuing to build sales momentum with 45 wholesales and 66 retail deliveries in Q2 Began serial production of the hydrogen fuel cell electric truck July 31; first customer deliveries expected in September 18 customer orders to Nikola and dealers for over 200 hydrogen fuel… Continue reading Nikola Corporation Reports Second Quarter 2023 Results
Nikola Announces Leadership Transition; Appoints Stephen Girsky as Chief Executive Officer
Michael Lohscheller to step down as President and Chief Executive Officer of Nikola Corporation and as a member of the Board of Directors Stephen Girsky, Chairman of Nikola’s Board of Directors, has been named successor, effective immediately, and will remain a member of the Board; Steve Shindler becomes Chairman of the Board PHOENIX, Aug. 4, 2023 /PRNewswire/… Continue reading Nikola Announces Leadership Transition; Appoints Stephen Girsky as Chief Executive Officer
SUNSTONE HOTEL INVESTORS REPORTS RESULTS FOR SECOND QUARTER 2023
Increases Quarterly Dividend ALISO VIEJO, Calif., Aug. 4, 2023 /PRNewswire/ — Sunstone Hotel Investors, Inc. (the “Company” or “Sunstone”) (NYSE: SHO) today announced results for the second quarter ended June 30, 2023. Second Quarter 2023 Operational Results (as compared to Second Quarter 2022): Net Income: Net income was $43.1 million as compared to $37.7 million.… Continue reading SUNSTONE HOTEL INVESTORS REPORTS RESULTS FOR SECOND QUARTER 2023
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FILE PHOTO-The logo of Amazon is seen at the company’s logistics center in Bretigny-sur-Orge, near Paris, France, November 25, 2022. REUTERS/Benoit Tessier/File Photo Aug 4 (Reuters) – Amazon.com shares (AMZN.O) surged 9% on Friday on signs that both its growth engines, e-commerce and cloud-computing, were faring well in an uncertain economy, helping shield the broader… Continue reading Untitled
Maersk warns of slower demand for container shipping
FILE PHOTO-Signage is seen at the Maersk offices in Copenhagen, Denmark, July 30, 2022. REUTERS/Andrew Kelly/File Photo COPENHAGEN, Aug 4 (Reuters) – Shipping group A.P. Moller-Maersk (MAERSKb.CO) warned on Friday of a steeper decline in global demand for shipping containers by sea this year, prompted by muted economic growth and customers reducing inventories. The company,… Continue reading Maersk warns of slower demand for container shipping
Asset Management Market to Reach $8.3 Trillion, Globally, by 2032 at 36.5% CAGR: Allied Market Research
The global asset management market is driven by rise in need for optimum utilization of assets and rising adoption of cloud-based IT asset management solution. PORTLAND, Ore., Aug. 2, 2023 /PRNewswire/ — Allied Market Research published a report, titled, “Asset management HYPERLINK “https://www.alliedmarketresearch.com/asset-management-market-A06192” Market by component (Solution, and Service), Asset type (Digital asset, Returnable Transport Assets,… Continue reading Asset Management Market to Reach $8.3 Trillion, Globally, by 2032 at 36.5% CAGR: Allied Market Research
BMW Group, Airbus and Quantinuum Collaborate to Fast-Track Sustainable Mobility Research Using Cutting-Edge Quantum Computers
MUNICH, TOULOUSE, France, and CAMBRIDGE, England, Aug. 2, 2023 /PRNewswire/ — Airbus, BMW Group and Quantinuum, world leaders in mobility and quantum technologies, have developed a hybrid quantum-classical workflow to speed up future research using quantum computers to simulate quantum systems, focusing on the chemical reactions of catalysts in fuel cells. Continue Reading Quantinuum’s H2… Continue reading BMW Group, Airbus and Quantinuum Collaborate to Fast-Track Sustainable Mobility Research Using Cutting-Edge Quantum Computers
Change in Kamux’s Group Management Team
HAMEENLINNA, Finland, Aug. 2, 2023 /PRNewswire/ — Kerim Nielsen, Country Director for Sweden and member of the Group Management Team, has decided to pursue a career opportunity outside of Kamux Corporation in early 2024. He will continue in his current position at least until December 31, 2023. The recruitment process for his successor will be… Continue reading Change in Kamux’s Group Management Team