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Gentex Corp reports Q2 earnings per share of $0.30

Friday, 22 Jul 2016 08:00am EDT

Gentex Corp : Gentex reports second quarter 2016 financial results . Q2 earnings per share $0.30 . Q2 earnings per share view $0.29 -- Thomson Reuters I/B/E/S . Q2 sales $423.8 million versus I/B/E/S view $417 million . Company intends to continue to repurchase additional shares of its common stock in future depending on macroeconomic issues . Sees 2016 net sales in the range $1.68 bln - $1.72 bln . 2016 forecast for total light vehicle production of 52.60 million . Q2 gross margin improved to 39.4% from 38.4% . Sees 2016 gross margin in the range 39 pct-39.5 pct .FY2016 revenue view $1.69 billion -- Thomson Reuters I/B/E/S.

Autoliv: seeing strong order intake across board in passive safety-CEO

Friday, 22 Jul 2016 07:00am EDT

Autoliv CEO Jan Carlson to Reuters: Says is seeing stronger order intake across the board within passive safety segment . Says scaled back guidance for Q3 very much linked to investment needed to handle strong demand, order intake . CEO speaking after co releases Q2 results [nL8N1A82FS] Further company coverage: [ALV.N] (Reporting By Johannes Hellstrom) ((niklas.pollard@thomsonreuters.com;)).

Westport Fuel Systems appoints Nancy Gougarty as CEO

Friday, 22 Jul 2016 07:00am EDT

Westport Fuel Systems Inc : Westport Fuel Systems announces new CEO . Announce appointment of Nancy Gougarty as Chief Executive Officer effective immediately . David Demers, Westport's current CEO, is retiring from company .In addition to her role as CEO, Gougarty will join Westport board of directors as Demers steps down from board.

Autoliv Q2 profit lags forecast, sees softer margin in Q3 vs Q2

Friday, 22 Jul 2016 06:00am EDT

Autoliv Inc : Q2 operating income $213 million versus mean forecast $225 million in Reuters poll and year-ago $209 mln . Quarterly organic sales grew by 7.7 pct while operating margin was 8.2 pct (8.6 pct adjusted) . The expectation at the beginning of the quarter was for organic sales growth of "around 10 pct" and an adjusted operating margin of "around 8.5 pct" . Says for Q3 of 2016, company expects organic sales to increase by around 6 pct and an adjusted operating margin of around 7.5 pct . Says expectation for full year is for organic sales growth of around 7 pct and an adjusted operating margin of more than 8.5 pct . Says margin revisions are mainly related to costs for stronger than expected order intake . Says planning to add more than 1,000 engineering resources in next twelve months .Autoliv on replacement airbag inflators repeats expects deliveries of up to 30 million units during the period 2015 to 2018.

Pankl Racing Systems extends contract with CEO Plasser until May 2022

Friday, 22 Jul 2016 02:22am EDT

Pankl Racing Systems AG : Supervisory board extends contract with chairman CEO Wolfgang Plasser prematurely .To extend contract with Wolfgang Plasser prematurely until May 2022.

Concentric Q2 operating income unchanged

Friday, 22 Jul 2016 02:00am EDT

Concentric Ab : Q2 operating income: MSEK 89 (88), generating an operating margin of 17.0% (14.2) . Q2 net sales: msek 522 (620) - down 11% y-o-y, after adjusting for currency (-5%) . Says as a global business with a strong manufacturing footprint and research and development focus in uk, concentric is well positioned to face challenges that lay ahead . Says at this point it is difficult to determine what impact of brexit will be or what new trade agreements will look like Further company coverage: [CONIC.ST] (Reporting By Johan Ahlander) ((johan.ahlander@thomsonreuters.com;)).

Showa recalls part of gas spring products

Thursday, 21 Jul 2016 09:28pm EDT

Showa Corp <7274.T>:Says the co recalled part of gas spring products due to malfunction and will pay the compensation.

Supreme Industries says Q2 earnings per share $0.48

Thursday, 21 Jul 2016 04:10pm EDT

Supreme Industries : Quarter and first-half results . Q2 earnings per share $0.48 . Q2 sales rose 12.4 percent to $92.9 million .Supreme Industries Inc says sales order backlog at end of q2 stood at $75.5 million, which is up from $74.0 million, at end of last year's q2.

Commercial Vehicle Group provides updates on estimated pre-tax costs for previously announced facility closures

Thursday, 21 Jul 2016 03:31pm EDT

Commercial Vehicle Group: Says will also close its administrative office in wixom, michigan, when lease expires in q3 of this year . Closure of monona facility is expected to be substantially completed by march 31, 2017 . When implemented by end 2017, cost reduction, restructuring plan seen lowering annualized operating costs by $8 million-$12 million . Affected facilities include plants located in Monona, Iowa; shadyside, Ohio; along with administrative offices in wixom, michigan . Commercial vehicle group announces facility closures in connection with restructuring plan . Plans to petition for assistance for eligible employees under department of labor trade adjustment assistance program . Says in connection with cost reduction and restructuring estimated pre tax costs of $12 to $19 million, is now lowered to $10 to $14 million .Shadyside facility has about 172 employees, closure of shadyside facility is expected to be substantially completed by june 30.

ElringKlinger prelim Q2 revenue up at 390.9 mln euros

Thursday, 21 Jul 2016 11:34am EDT

ElringKlinger AG : ElringKlinger's preliminary quarterly results point to sustained growth without advancement in earnings . Q2 revenue rose 2.9 percent to 390.9 million euros ($429.91 million) . Adjustment to guidance for 2016: EBIT before purchase price allocation expected to be 140 mln to 150 million euros; revenue target unchanged at 5 to 7% organic growth . At 36.2 million euros, second-quarter EBIT before purchase price allocation was down by 3.4 million euros on figure recorded in same quarter a year ago .ElringKlinger's medium-term outlook remains unchanged.


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