Tag Archives: Auto Suppliers

Gentex Sales, Profits Rise

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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Gentex Revenue Rises

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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Auto Supplier Denso Backs FIRST Robotics

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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Denso Opens R&D Center At UM

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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Superior Industries Profits Rise On Flat Sales

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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Superior Industries Profit Jumps

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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Faurecia Automotive Seating Expanding Sterling Heights Plant

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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Auto Supplier Metaldyne Reports Profit Growth

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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Gentherm Third Quarter Profit Jumps 60%

NORTHVILLE — Gentherm Inc. (Nasdaq: THRM), the Northville-based thermal management technology developer, reported net income of $27.7 million or 76 cents a share in the third quarter, up from $17.3 million or 48 cents a share in the third quarter of 2014.

Revenue was $223.8 milion, up from $206 million a year earlier.

For the nine months, net income was $67 million or $1.84 a share, up from $50.3 million or $1.40 a share a year earlier. Revenue for the first nine months of the year was $644.2 million, up from $606.1 million a year earlier.

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