Martinrea International Inc. delivered record revenue and adjusted earnings in the second quarter of 2023, as auto sector production stabilized, and the company locked in commercial settlements with automakers that eased inflationary pressures.
“We expect results to continue to improve as supply chain disruptions subside and production normalizes,” he told analysts on a conference call Aug. 9 “In the last few years, the activity and the settlements have been more pronounced given the unprecedented increase in input costs and lower production volumes.”
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