Tag: Financial Results

Kemi Badenoch casts doubt on electric car targets over job loss fears

Kemi Badenoch would consider ‘easing’ the problem of carmakers selling more electric vehicles, her spokesperson said. Photograph: Anadolu Agency/Getty Images Kemi Badenoch would consider ‘easing’ the problem of carmakers selling more electric vehicles, her spokesperson said. Photograph: Anadolu Agency/Getty Images Kemi Badenoch casts doubt on electric car targets over job loss fears Mandate for carmakers… Continue reading Kemi Badenoch casts doubt on electric car targets over job loss fears

Innoviz Reports Second-Quarter 2023 Results and Increases 2023 Financial Targets Following Continued Commercial Momentum

SOP and expanded relationship with BMW Group combined with additional year-to-date commercial momentum underlines the strength of Innoviz’s LiDAR sensor and software platform TEL AVIV, Israel , Aug. 2, 2023 /PRNewswire/ — Innoviz Technologies Ltd. (Nasdaq: INVZ) (the “Company” or “Innoviz”), a leading Tier-1 direct supplier of high-performance, automotive grade LiDAR sensors and perception software, today provided… Continue reading Innoviz Reports Second-Quarter 2023 Results and Increases 2023 Financial Targets Following Continued Commercial Momentum

Adient reports third quarter 2023 financial results and raises full-year guidance

PLYMOUTH, Mich., Aug. 2, 2023 /PRNewswire/ — Adient (NYSE: ADNT), a global leader in automotive seating, today announced its third quarter 2023 financial results. Q3 GAAP net income and EPS diluted of $73M and $0.77, respectively; Q3 Adj.-EPS diluted of $0.98 Q3 Adj.-EBITDA of $276M, up $133M y-o-y Gross debt and net debt totaled ~$2.5B and ~$1.6B, respectively,… Continue reading Adient reports third quarter 2023 financial results and raises full-year guidance

Driven Brands Holdings Inc. Reports Second Quarter Results

–Revenue increased 19% powered by 8% same-store sales growth and 7% net store growth—-Net Income increased to $38 million vs a Net Loss of $57 million in prior year—- Adjusted EBITDA1 increased 12% to $151 million—-Updates Full Year 2023 Guidance– CHARLOTTE, N.C., Aug. 2, 2023 /PRNewswire/ — Driven Brands Holdings Inc. (NASDAQ: DRVN) (“Driven Brands”… Continue reading Driven Brands Holdings Inc. Reports Second Quarter Results

Innoviz Technologies to Develop B-Samples of New LiDAR Platform for Next Generation of BMW Automated Vehicles

After a couple of years working together on an existing program that will include the first deployment of LiDAR-enabled highly automated technology on the BMW 7 Series later this year, the BMW Group and Innoviz are beginning to focus on the next-generation of the technology by starting this first B-sample phase. The result of this… Continue reading Innoviz Technologies to Develop B-Samples of New LiDAR Platform for Next Generation of BMW Automated Vehicles

Target Hospitality Announces Second Quarter Earnings Release and Conference Call Schedule

THE WOODLANDS, Texas, Aug. 2, 2023 /PRNewswire/ — Target Hospitality Corp. (“Target Hospitality”, “Target” or the “Company”) (NASDAQ: TH), one of North America’s largest providers of vertically integrated modular accommodations and value-added hospitality services, today announced that it will release its second quarter 2023 financial results before the market opens on Wednesday, August 9, 2023. The… Continue reading Target Hospitality Announces Second Quarter Earnings Release and Conference Call Schedule