Achieves net income of $77.4 million and adjusted EBITDA of $130.4 million Declares a quarterly cash dividend of $75.4 million, or $3.97 per share Invests $73.5 million to repurchase 623,304 shares ST. LOUIS, July 27, 2023 /PRNewswire/ — Arch Resources, Inc. (NYSE: ARCH) today reported net income of $77.4 million, or $4.04 per diluted share,… Continue reading Arch Resources Reports Second Quarter 2023 Results
Tag: Financial Results
BORGWARNER DECLARES QUARTERLY DIVIDEND
AUBURN HILLS, Mich., July 27, 2023 /PRNewswire/ — On July 26, 2023, the Board of Directors of BorgWarner Inc. (NYSE: BWA) declared a quarterly cash dividend of $0.11 per share of common stock. The dividend is payable on September 15, 2023, to stockholders of record on September 1, 2023. For more than 130 years, BorgWarner Inc.… Continue reading BORGWARNER DECLARES QUARTERLY DIVIDEND
HONEYWELL DELIVERS STRONG SECOND QUARTER RESULTS AND RAISES FULL-YEAR SALES, SEGMENT MARGIN, AND ADJUSTED EPS GUIDANCE
Sales of $9.1 Billion, Reported Sales Up 2%, Organic1 Sales Up 3%, Operating Cash Flow Up 72%, Free Cash Flow1 Up 34% Earnings Per Share of $2.22 and Adjusted Earnings Per Share1 of $2.23 Aerospace Reported Sales Up 15%, Organic1 Sales Up 16%, Led by Over 20% Growth in Commercial Aviation Backlog Up 4% to… Continue reading HONEYWELL DELIVERS STRONG SECOND QUARTER RESULTS AND RAISES FULL-YEAR SALES, SEGMENT MARGIN, AND ADJUSTED EPS GUIDANCE
Europa Wire: BAE Systems to Supply Advanced Electric Propulsion Systems for Toronto Transit Commission Zero-Emission Bus Fleet 000701
BAE Systems to Supply Advanced Electric Propulsion Systems for Toronto Transit Commission’s Zero-Emission Bus Fleet (IN BRIEF) BAE Systems, a leader in heavy-duty electric propulsion, will provide up to 541 Gen3 electric power and propulsion systems for the Toronto Transit Commission’s (TTC) new battery-electric bus fleet. The Gen3 technology builds on BAE Systems’ proven components… Continue reading Europa Wire: BAE Systems to Supply Advanced Electric Propulsion Systems for Toronto Transit Commission Zero-Emission Bus Fleet 000701
Europa Wire: MAN Truck & Bus Reports Robust Growth in Unit Sales and Revenue, Achieves Return Targets in H1 2023000699
MAN Truck & Bus Reports Robust Growth in Unit Sales and Revenue, Achieves Return Targets in H1 2023 (IN BRIEF) MAN Truck & Bus, a commercial vehicles manufacturer, reported strong performance in the first half of the year. Unit sales increased by 61% to 56,173 new vehicles, with sales revenue reaching €7.0 billion, a 41%… Continue reading Europa Wire: MAN Truck & Bus Reports Robust Growth in Unit Sales and Revenue, Achieves Return Targets in H1 2023000699
India’s Mahindra & Mahindra may buy up to 10% stake in RBL Bank
India’s Mahindra & Mahindra (M&M) has acquired a 3.53% stake in RBL Bank for Rs 417 crore ($50 million) and may look to buy up to 10% stake in the private lender, the tech-to-tractor conglomerate said in an exchange filing. M&M said it “may consider further investment subject to pricing, regulatory approvals and required procedures.… Continue reading India’s Mahindra & Mahindra may buy up to 10% stake in RBL Bank
German Manager Magazin: Mercedes-Benz: Ola Källenius increases profit target thanks to strong van business002627
The carmaker Mercedes Benz is more confident for the year as a whole after another surprisingly good quarter. In 2023, the group now expects group earnings before interest and taxes (EBIT) to be at the same level as the previous year thanks to renewed prospects for the van business, the group announced late Wednesday evening… Continue reading German Manager Magazin: Mercedes-Benz: Ola Källenius increases profit target thanks to strong van business002627
German Manager Magazin: Volkswagen: Car manufacturer cuts sales forecast due to uncertain economy002628
Volkswagen increased the operating result significantly in the second quarter thanks to decreasing delivery bottlenecks, but has become more cautious in its sales forecast due to the uncertain economy. The operating result increased by almost a quarter to 5.6 billion euros, the Wolfsburg-based group announced on Thursday. Sales climbed 15.2 percent to a good 80… Continue reading German Manager Magazin: Volkswagen: Car manufacturer cuts sales forecast due to uncertain economy002628
8 Disruptors In The Electric Vehicle Boom
FN Media Group Presents Oilprice.com Market Commentary LONDON, July 26, 2023 /PRNewswire/ — Many EV companies are bleeding cash. Many others are involuntarily ceding market share to traditional auto giants like Ford, Chevy and GM. Companies mentioned in this release include: General Motors Company (NYSE: GM), Ford Motor Company (NYSE: F), NIO Inc. (NYSE: NIO), Joby… Continue reading 8 Disruptors In The Electric Vehicle Boom
Aircraft Fuel Cells Market worth $5.7 billion by 2035 – Exclusive Report by MarketsandMarkets™
CHICAGO, July 26, 2023 /PRNewswire/ — The aircraft Fuel Cells market size is projected to grow from an estimated USD 1.6 billion in 2023 to USD 5.7 billion by 2035, at a CAGR of 10.8% during the forecast period according to a new report by MarketsandMarkets™. This growth can be attributed to the increasing adoption… Continue reading Aircraft Fuel Cells Market worth $5.7 billion by 2035 – Exclusive Report by MarketsandMarkets™