Martinrea International Inc. Reports Record Revenue and Earnings in Q2 2023

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.”

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Quebecor Inc. Reports Boost in Earnings Following Freedom Mobile AcquisitionQuebecor Inc. has announced a significant increase in earnings after acquiring Freedom Mobile, adding over 1.8 million customers. The company reported a 10% rise in net income and a 25% jump in revenues in the second quarter. Quebecor's entry into the national wireless market through the purchase of Freedom Mobile has positioned it as Canada's fourth national wireless provider.
Source: BNNBloomberg - 🏆 83. / 50 Read more »