Tag Archives: Auto Suppliers

Superior Industries Shipments Hit Record, But Profits Plunge On Acquisition

SOUTHFIELD — Superior Industries International Inc. (NYSE:SUP), the global manufacturer of aluminum wheels, reported a loss of $7.3 million or 41 cents a share in the quarter ended June 25, compared to net income of $13.2 million or 52 cents a share a year earlier.

Revenue was $240.6 million, up from $182.7 million a year earlier.

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Gentherm Profits Dip On Auto Decline, Currency Losses

NORTHVILLE — Gentherm Inc. (Nasdaq: THRM), the thermal management technology developer, posted net income of $8.5 million or 23 cents a share in the second quarter, down from $18.4 million or 50 cents a share a year earlier.

Revenue was $243.4 million, up 5 percent from $232.7 million a year earlier.

For the first six months of the year, net income was $33.9 million or 92 cents a share, up from $30.3 million or 83 cents a share in the first half of 2016. Revenue for the period was $492.6 million, up from $448.4 million in the first half of 2016.

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Gentherm Sales, Profits Rise

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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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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