Latest news with #MartinreaInternationalInc
Winnipeg Free Press
4 days ago
- Automotive
- Winnipeg Free Press
Martinrea International reports $38M in Q2 profit, down from last year
Martinrea International Inc. reported $38 million in profit during the second quarter, down from $40.97 million during the same quarter last year. The company reported diluted net earnings per share of 52 cents for the period. Meanwhile, adjusted net earnings per share came in at 66 cents. The Toronto-based automotive supplier said its total sales for the quarter came in at $1.27 billion, compared with $1.3 billion a year earlier. Martinrea International CEO Pat D'Eramo says the company's overall exposure to tariffs is manageable. He says USMCA-compliant auto parts being exempt from tariffs is a positive for the company. However, he says some items face tariffs, including those from its tier two supplier, as well as those affected by steel and aluminum tariffs. This report by The Canadian Press was first published Aug. 12, 2025. Companies in this story: (TSX:MRE)
Toronto Star
4 days ago
- Automotive
- Toronto Star
Martinrea International Inc. Reports Second Quarter Results and Declares Dividend
TORONTO, Aug. 12, 2025 (GLOBE NEWSWIRE) — Martinrea International Inc. (TSX : MRE), a diversified and global automotive supplier engaged in the design, development and manufacturing of highly engineered, value-added Lightweight Structures and Propulsion Systems, today announced the release of its financial results for the second quarter ended June 30, 2025, and declared a quarterly cash dividend of $0.05 per share.
Toronto Star
05-08-2025
- Business
- Toronto Star
Martinrea International Inc. to Announce Second Quarter Results on August 12, 2025
TORONTO, Aug. 05, 2025 (GLOBE NEWSWIRE) — Martinrea International Inc. (TSX : MRE) today announced it will report its financial results for the second quarter ended June 30, 2025 on Tuesday, August 12, 2025 after the markets close, and will hold a conference call to discuss the results the same day at 5:30 p.m. Eastern Time. To participate, please dial 416-641-6104 (Toronto area) or 800-952-5114 (toll free Canada and US) and enter participant code 8079440#. Please call 10 minutes prior to the start of the conference call.
Yahoo
02-05-2025
- Automotive
- Yahoo
Martinrea International Inc (MRETF) Q1 2025 Earnings Call Highlights: Navigating Challenges ...
Release Date: May 01, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Martinrea International Inc (MRETF) reported improved financial results in Q1 2025 compared to Q4 2024, with higher production sales and better margins. The company has been awarded new business worth $60 million in annualized sales, including contracts with Mercedes, General Motors, and Volvo Truck. Martinrea International Inc (MRETF) is focusing on operating improvements and cost reductions, targeting $50 million in annual cost improvement through an SG&A cost-down project. The company is investing in machine learning and emerging technologies to enhance productivity and innovation. Despite challenges, Martinrea International Inc (MRETF) maintains a strong balance sheet and is generating free cash flow to pay down debt. US tariffs on automotive imports are creating uncertainty and have already disrupted Martinrea International Inc (MRETF)'s business, with OEMs announcing temporary shutdowns and volume reductions. The company's adjusted EBITDA and operating income decreased year-over-year, reflecting a 10% drop in production sales. Free cash flow was negative in Q1 2025, impacted by a seasonal build in non-cash working capital. The European segment reported a loss in adjusted operating income, with weak production volumes and a higher cost structure compared to North America. The outlook for North American light vehicle production has been lowered by IHS, reflecting concerns over tariffs and potential industry disruptions. Warning! GuruFocus has detected 3 Warning Sign with MRETF. Q: Have you paused any other discretionary spending besides the buyback program? A: Yes, we have tightened our spending, particularly on discretionary items like travel and entertainment. We are also working with business leaders to reduce capital expenditures if necessary, given the uncertain environment. Additionally, we resized some corporate functions and are undertaking a restructuring program in Europe. Peter Arius, CFO Q: Do you have updated guidance on 2025 CapEx, and is there flexibility to reduce it further? A: Our guidance for capital expenditures remains at approximately $300 million, though it is trending slightly lower based on current conditions. Peter Arius, CFO Q: Are there any plans to monetize hidden assets like real estate or your position in Nano Explorer? A: We continuously evaluate capital allocation. While we see value in Nano Explorer and graphene, we are open to selling at the right price. Our real estate provides flexibility with our lending syndicate, but we would consider offers for properties if they were compelling. Rob Wildeboer, Executive Chairman Q: What is the prospect of your facilities in Canada and Mexico supplying parts to US assembly plants? A: We currently supply parts from Canada and Mexico to the US. Approximately 75% of what we make in Canada goes to the US, and a significant portion from Mexico also ends up in the US. We can and do supply US assembly plants from these locations. Fred Toto, President Q: How concerned are you about the outlook for your business in Mexico given the current environment? A: Most of our products are USMCA compliant, so we are not currently concerned about tariffs. However, logistical considerations might require adjustments if production locations change. The competitiveness of Mexican production remains strong, especially given currency dynamics. Fred Toto, President For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Hamilton Spectator
24-04-2025
- Business
- Hamilton Spectator
Martinrea International Inc. to Announce First Quarter Results on May 1, 2025
TORONTO, April 24, 2025 (GLOBE NEWSWIRE) — Martinrea International Inc. (TSX : MRE) today announced it will report its financial results for the first quarter ended March 31, 2025 on Thursday, May 1, 2025 after the markets close, and will hold a conference call to discuss the results the same day at 5:30 p.m. Eastern Time. To participate, please dial 416-641-6104 (Toronto area) or 800-952-5114 (toll free Canada and US) and enter participant code 9082769#. Please call 10 minutes prior to the start of the conference call. The conference call will also be webcast live in listen‐only mode and archived for twelve months. The webcast and accompanying presentation can be accessed at: There will also be a rebroadcast of the call available by dialing 905-694-9451 or toll free 800-408-3053 (Conference ID – 3278480#). The rebroadcast will be available until June 2, 2025. If you have any teleconferencing questions, please call Ganesh Iyer at 416-749-0314. The common shares of Martinrea trade on The Toronto Stock Exchange under the symbol 'MRE'. For further information, please contact: Neil Forster – Director, Investor Relations and Corporate Development Martinrea International Inc. 3210 Langstaff Road Vaughan, Ontario L4K 5B2 Tel: 289-982-3020 Fax: 289-982-3001
