NORTHVILLE — Gentherm Inc. (Nasdaq: THRM), the developer of thermal management technologies, reported rising sales and net income in the first quarter.
Revenue was $249.3 million, up from $215.7 million a year earlier. Net income was $25.4 million or 69 cents a share, up from $11.9 million or 33 cents a share a year earlier.
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ZEELAND — Gentex Corp. (Nasdaq: GNTX), the Zeeland-based automotive and electronics manufacturer, reported net income of $97.6 million or 33 cents a share in the first quarter ended March 31, up from $80.3 million or 28 cents a share in the same quarter a year earlier.
Revenue was $453.5 million, up from $405.6 million a year earlier.
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SOUTHFIELD — The Southfield-based automotive supply chain software developer Radley Corp. Tuesday announced the launch of new web-based supplier collaboration software, iSC.
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ZEELAND — Gentex Corp. (Nasdaq: GNTX), the Zeeland-based manufacturer of automotive automatic-dimming rearview mirrors, automotive electronics, dimmable aircraft windows, and fire protection products, reported revenue of $419.9 million in the fourth quarter, up 4 percent from $405.6 million in the final quarter of 2015.
Net income for the quarter was $88.8 million or 31 cents a share, up from $88.4 million or 30 cents a share a year earlier.
For the full year, revenue was $1.68 billion, up from $1.54 billion in 2015. Net income for the full year was $347.6 million or $1.19 a year, up from $318.5 million or $1.08 a share in 2015.
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SOUTHFIELD — Denso, the auto supplier with its North American headquarters in Southfield, announced a 2017 commitment to FIRST Robotics, to which it has donated more than $800,000 since 2002.
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SOUTHFIELD — The Japan-based auto supplier Denso Corp. announced the opening of the Denso R&D Lab at the University of Michigan in Ann Arbor.
The company said 12 UM students were selected to help on various research projects being undertaken at the lab. The projects will begin this month and continue throughout the year.
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SOUTHFIELD — Superior Industries International Inc. (NYSE: SUP), the largest manufacturer of aluminum wheels for light vehicles in North America, reported net income of $6 million or 23 cents a share in the third fiscal quarter ends Sept. 25, up from $4.9 million or 19 cents a share a year earlier. Revenue was $175.6 million, down from $175.7 million last year.
For the nine months, net income was $33.6 million or $1.31 a share, up from $15.8 million or 59 cents a share a year earlier. Revenue was $544.4 million, up from $533.3 million.
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SOUTHFIELD — Superior Industries International Inc. (NYSE: SUP), the largest manufacturer of aluminum wheels for cars and light trucks in North America, reported net income of $8.1 million or 31 cents a share for the fourth fiscal quarter ended Dec. 27, up from $1.4 million or 5 cents a share in the same quarter a year earlier. Revenue was $194.6 million, up from $186.7 million in the prior fiscal year.
For the full year, net income was $23.9 million or 90 cents a share, up from $8.8 million or 33 cents a share a year earlier. Revenue was $727.9 million, down from $745.4 million a year earlier.
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LANSING — The Nanterre, France-based automotive supplier Faurecia will expand its Faurecia Automotive Seating LLC plant in Sterling Heights with support from the Michigan Strategic Fund, the Michigan Economic Development Corp. said Friday.
The project is expected to generate more than $8 million in new private investment and add 90 new jobs. That resulted in a $350,000 Michigan Business Development Program performance-based grant to the supplier.
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SOUTHFIELD — The vehicle components supplier Metaldyne Performance Group Inc. (NYSE: MPG) Tuesday reported net income of $28.3 million or 41 cents a share in the third quarter ended Sept. 27, up from $24.6 million or 36 cents a share a year earlier.
Sales were $746.6 million, down from $773 million a year earlier.
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