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    Stanley Electric’s net profit down 22.7% y/y to USD210.6 million in April–December 2019
    Stanley Electric Company has posted a 22.7% year-on-year (y/y) decline in net income at JPY22.9 billion (USD210.6 million) for the first nine months ended 31 December 2019, according to a company press release. Net sales for the period fell by 8.1% y/y to JPY202.2 billion. Operating income also drop...
    LG Chem’s FY 2019 sales up 1.6% y/y to USD24.7 million
    LG Chem has reported a 1.6% year-on-year (y/y) growth in sales to KRW28.6 trillion (USD24.7 billion) for the fiscal year ended 31 December 2019, according to a company press release earlier this month. Despite higher sales, operating profit declined 60.1% y/y to KRW895.6 billion. The company said re...
    Cooper Tire & Rubber’s FY 2019 net income grows 26% y/y to USD96.4 million
    US-based Cooper Tire & Rubber Company has reported a 26% year-on-year (y/y) growth in net income to USD96.4 million for the fiscal year ended 31 December 2019, according to a company press release on 24 February. Net sales for the year were down 1.9% y/y to USD2.7 billion. Despite lower sales, o...
    Cooper Standard’s FY 2019 net income falls 34.8% y/y to USD67.5 million
    Michigan-based automotive components manufacturer Cooper Standard has reported a drop of 34.8% year on year (y/y) in its net income to USD67.5 million for the fiscal year ended 31 December 2019, according to a company press release on 24 February. Adjusted net loss for 2019 was USD3.3 million. Sales...
    Sogefi’s FY 2019 revenues down 3.3% y/y to USD1.7 billion
    Sogefi has reported 3.3% year-over-year (y/y) decline in revenues to EUR1.52 billion (USD1.6 billion) in the financial year ended 31 December 2019, the Italy-based automotive supplier said in a press release on 24 February. The company’s revenue at constant exchange rates dropped by 2.2% y/y....
    Valeo reports 43% y/y decline in FY2019 net income to USD350 million
    Valeo’s net income declined 43% year over year (y/y) to EUR313 million (USD350 million) in the financial year ended 31 December 2019, the company said in a press release on 20 February. Sales increased by 2% y/y to EUR19.5 billion. Original equipment (OE) sales increased by 1% y/y to EUR16.4 billi...
    Tenneco’s Q4 2019 revenue drops 4.65% y/y to USD4.1 billion
    Automotive components supplier Tenneco has released its financial results for the full year 2019 and the fourth quarter of 2019 period. In a press statement issued on 20 February, the American firm reported that its revenue for the fiscal year 2019 stood at USD17.45 billion. This represents a r...
    Magna FY2019 sales down 3.4% y/y to USD39.43 billion
    Canada-based automotive technology firm Magna has released its financial results for the fiscal year of 2019. In a press release dated 21 February, the company reported sales of USD39.43 billion for the fiscal year of 2019, which was a drop of 3.4% year over year. The company registered sales of USD...
    Constellium’s FY2019 net income down 66.3% y/y to USD71.6 million
    Constellium has reported a 66.3% year-on-year (y/y) fall in net income to EUR64 million (USD71.6 million) for the fiscal year ended 31 December 2019, according to a company press release on 20 February. The company posted revenue of EUR5.9 billion, up 4% y/y. Higher revenue helped the Netherlands-ba...
    Visteon’s FY2019 net income drops by more than half y/y to USD70 million
    Visteon has reported a 57% year-over-year (y/y) decline in net income to USD70 million in the financial year ended 31 December 2019, the company said in a press release on 20 February. Sales declined marginally, by 1.3% y/y, to USD2.98 billion, primarily due to lower vehicle production volumes and t...
    Lumax Industries’ Q3 net profit down 61.1% y/y to USD2.6 million
    Lumax Industries has reported a 61.1% year-on-year (y/y) decline in net profit to INR188.9 million (USD2.6 million) for the third quarter ended 31 December 2019, according to a company regulatory filing in early February. Profit before tax for the period was also down by 59.4% y/y to INR251.9 millio...
    Axalta's net income up 20.2% y/y to USD249 million in 2019
    Axalta Coating Systems’ net income increased 20.2% year on year (y/y) to USD249 million in the fiscal year ended 31 December 2019, the company said in a press release on 19 February. Net sales for the fiscal year were down by 4.5% y/y to USD4.5 billion, while income from operations grew by 10.4% y...
    Garmin’s FY2019 revenue rises 12% to USD3.76 billion
    Garmin has announced a 12% year-on-year (y/y) increase in FY2019 revenue at USD3.76 billion, a company press release on 19 February showed. Net income for the period rose to USD952.5 million from USD694.1 million. Operating margin improved to 25.2% compared to 23.3% in 2018. Revenue from its fitn...
    Gentherm reports 7.3% y/y drop in FY2019 revenue to USD971.1 million
    US-based thermal management firm, Gentherm, has posted its full year 2019 and fourth quarter 2019 financial results in a press statement issued on 19 February. The company has reported that its product revenue for the fiscal year of 2019 stood at USD971.7 million, which is a drop of 7.3% year on&nbs...
    ElringKlinger reports preliminary financial results for 2019
    ElringKlinger has announced its preliminary, unaudited results for the fiscal year ended 31 December 2019. According to a company press release on 19 February 2020, the company’s revenue grew 1.6% year on year (y/y) in 2019 to EUR1.7 billion (USD1.83 billion). EBITDA declined 7.9% y/y to EUR1...
    Aptiv expects to lose USD150-200 million revenue in Q1 due to coronavirus-related shutdowns in China
    Aptiv expects its financial performance in the first quarter 2020 to be adversely impacted due to extended production suspension at its customers’ plants in China due to the novel coronavirus (COVID-19) outbreak, the company said in a regulatory filing. The company estimates an incremental loss of...
    Osram increases savings target from EUR220 million to EUR300 million by 2022
    German supplier Osram Licht has increased its savings target from EUR220 million to EUR300 million by 2022, according to a company press release on 18 February. Osram has increased savings target due to increased efficiency and the initiated measures. "But of course, we will not get Osram back on tr...
    Elmos Semiconductor’s FY2019 net profit more than doubles y/y to USD96 million
    Germany-based Elmos Semiconductor reported a 142.7% year-on-year (y/y) rise in FY2019 net profit at EUR85.7 million (USD96 million), a company press release showed on 17 February. Sales during the same period were up 6.2% to EUR294.8 million. Gross margin came in at 46.4% compared to 45.2% last year...
    Bridgestone’s FY2019 net sales down 3.4% y/y to USD32.15 billion
    Japanese auto components and tire manufacturer Bridgestone Corporation has announced its financial results for the fiscal year 2019, in a press release issued on 17 February. The company has reported net sales of JPY3.526 trillion (approximately USD32.15 billion) in the FY2019 period, which is a 3.4...
    Faurecia 2019 net income drops 15.8% y/y to USD660 million
    Faurecia’s net income declined 15.8% year over year (y/y) to EUR590 million (USD660 million) in the financial year ended 31 March 2019, the company said in a press release on 16 February. Sales increased marginally, by 1.4% y/y to EUR17.7 billion. However, sales decreased by 3% at constant currenc...
    Trelleborg posts FY2019 sales of USD3.78 billion, up 8% y/y from FY2018
    Swedish components supplier Trelleborg has announced its full year financial results for FY2019. According to a press release put out by the company 12 February, Trelleborg’s net sales for the fiscal year 2019 stood at SEK36.59 billion (approximately USD3.78 billion), which represents an 8% y...
    Toshiba’s Q3 net loss narrows y/y to USD4.4 million
    Japanese electronics giant Toshiba Corp has announced a loss of JPY480 million (USD4.4 million) for the third quarter ended 31 December 2019. The loss narrowed significantly from JPY60.51 billion last year. Net sales for the period dropped 14% year on year (y/y) to JPY747.18 billion. The company ...
    Hankook’s FY2019 sales up 1.5% y/y to USD5.83 billion
    Tire manufacturer Hankook has posted its sales for the financial year of 2019. In a press statement issued on 13 February, the company reported that it has made a consolidated global sales figure of KRW6.9 trillion (approximately USD5.83 billion). This represents an increase of 1.5% from the sales f...
    Yokohama Rubber’s FY 2019 net profit grows 17.8% y/y to USD384.8 million
    The Yokohama Rubber Co., Ltd. has announced its financial results for the fiscal year ended 31 December 2019 in a press release on 14 February. The Japanese tire-maker reported a 17.8% year-over-year (y/y) rise in net profit to JPY41.9 billion (approximately USD384.8 million) in 2019. Yokohama also ...
    Ichikoh’s FY2019 net income down 46.5% y/y to USD47.8 million
    Ichikoh Industries, a Valeo company, has reported a 46.5% year-on-year (y/y) decline in net profit to JPY5.2 billion (USD47.8 million) for the fiscal year ended 31 December, according to a company press release on 13 February. Net sales for the year amounted to JPY133 billion, down 5.4% y/y. Lower s...
    Akebono reports net income of USD192 million during April-December 2019
    Japan-based supplier of brake systems, Akebono Brake Industry has reported a net profit of JPY20.9 billion (USD192 million) for the April to December 2019 period, compared to a net loss of JPY17.7 billion in the same period a year ago, according to a company press release on 13 February. Net sales f...
    American Axle & Manufacturing’s (AAM) FY2019 sales down 10.18% y/y to USD6.53 billion
    Components maker American Axle & Manufacturing Holdings Inc. released its full year financial results for the 2019 fiscal year in a press statement issued on February 14th. The company’s sales for FY2019 stood at USD6.53 billion, which represents a reduction of 10.18% year on year from sa...
    Dana’s FY2019 sales rise 6% y/y to USD8.6 billion
    In a press release issued on 13 February, American auto supplier Dana reported that its sales for the full year of 2019 stood at USD8.6 billion. This marks a rise by 6% from the sales of USD8.1 billion that the company registered during the same time frame of 2018. Although there was a sales back...
    Delphi’s FY2019 revenue down 10% y/y to USD4.4 billion
    Delphi Technologies announced its results for the full year 2019 and the fourth quarter of 2019 in a press release dated 13 February. The company reported a revenue of just over USD4.36 billion for the 2019 financial year, which represents a decrease of 10% from the same time of 2018. The de...
    BorgWarner’s FY2019 net sales down 3.4% y/y to USD10.17 billion
    American automotive components supplier BorgWarner has announced its full year 2019 and fourth quarter results in a press statement issued on 13 February. The company posted a net sales figure of USD10.17 billion for the full year 2019, which represents a fall of 3.4% when compared to the same time ...
    NVIDIA's FY2019/20 net income declines 14% y/y to USD3.6 billion on lower sales
    NVIDIA’s net income declined 14% year over year (y/y) to USD3.6 billion in the financial year ended 26 January 2020, the company said in a press release on 13 February. The company also recorded 15% y/y drop in operating income to USD3.7 billion. NVIDIA reported lower earnings as revenue fell by 7...
    Sensata Technologies FY2019 net income down 52.8% y/y to USD282.7 million
    Sensata Technologies reported a 52.8% year-on-year (y/y) drop in FY2019 net income at USD282.7 million, a company press release on 11 February showed. Full year revenue slid 2% to USD3.45 billion from USD3.52 billion. The company expects FY2020 revenue to be in the range of USD3.40 billion to USD...
    Renesas Electronics posts loss of USD54.1 million for FY2019
    Renesas Electronics has reported a FY2019 loss of JPY5.91 billion (USD54.1 million) for the year ended 31 December 2019, a financial disclosure on 12 February showed. Last year the company reported a profit of JPY51 billion. Revenue for the year slid 5.1% to JPY718.2 billion. Operating margin was at...
    Cerence reports Q1 net loss of USD11.8 million
    Cerence has reported a net loss of USD11.8 million in the first quarter ended 31 December 2019 compared to its net income of USD2.25 million a year earlier, the company said in a press release on 11 February. The company recorded net loss despite reporting a 6.8% year-over-year (y/y) increase in tot...
    Michelin’s FY 2019 net income up 4.2% y/y to USD1.9 billion
    French tire manufacturer Michelin has reported a 4.2% year-on-year (y/y) growth in net income to EUR1.7 billion (USD1.9 billion) for the fiscal year ended 31 December 2019, the company announced in a press release on 10 February. Operating income also grew 5.5% y/y to EUR1.6 billion. The company’s...
    Goodyear reports net loss of USD311 million for FY 2019
    Goodyear has reported a net loss of USD311 million for the fiscal year ended 31 December 2019, according to a company press release on 11 February. Net sales for the period declined 4.7% year on year (y/y) to USD14.7 billion. The tiremaker’s income before income taxes declined from USD1 ...
    Motherson Sumi System’s Q3 net profit down 30.4% y/y to USD37.8 million
    Motherson Sumi Systems Limited (MSSL) has reported a 30.4% year-on-year (y/y) decline in consolidated net profit (attributable to owners) to INR2.7 billion (USD37.8 million) for the third quarter ended 31 December 2019, according to a regulatory filing. Revenue from operations in the quarter under r...
    ams’ FY 2019 net income up more than threefold y/y to USD331.7 million
    Austrian sensor specialist ams has reported a more than threefold year-on-year (y/y) growth in its net income to USD331.7 million for the year ended 31 December 2019, the company said in a press release on 11 February.  Revenue for the fiscal year also grew 32.7% y/y to USD2.08 billion and...
    Umicore's revenue increases 3.4% y/y to USD3.8 billion in 2019
    Umicore reported a growth of 3.4% year on year (y/y) in its revenues to EUR3.36 billion (USD3.8 billion) for the full year ended 31 December 2019, according to a company press release on 7 February. Recurring net profit, however fell by 4.2% y/y to EUR312 million during the 12-month period. Recurrin...
    voestalpine’s revenue falls 3.8% y/y to USD10.7 billion in April-December period
    Austrian manufacturer of automotive body-in-white components, voestalpine, has announced a decline of 3.8% year on year (y/y) in revenue during the first nine months ended 31 December 2019, according to a company press release on 6 February. The company’s sales figure for the none-month period sto...
    OSRAM reports USD7.8 million net profit in first quarter
    OSRAM has reported a net profit of EUR7 million (USD7.8 million) for the first quarter ended 31 December 2019, compared with a net loss of EUR81 million in the same period a year ago, according to a press release on 6 February. Revenue for the quarter grew 5.4% year on year (y/y) to EUR873 mill...
    AGC’s FY2019 net income drops by half y/y to USD407.4 million
    AGC’s net income declined 50.4% year-on-year (y/y) to JPY44.4 billion (USD403.9 million) in the fiscal year ended on 31 December 2019, the company said on 5 February. Net sales dropped slightly by 0.3% y/y to JPY1.51 trillion. Operating profit for the year declined 15.7% y/y to JPY101.6 billi...
    Infineon Technologies’ Q1 net income falls 17.3% y/y to USD235.2 million
    Infineon Technologies has reported a 17.3% year-on-year (y/y) decline in first quarter net income at EUR210 million (USD235.2 million), a company press filing showed. Revenue for the period ended 31 December 2019 fell to EUR1.92 billion from EUR1.97 billion. Gross margin was at 37% compared to 39.5%...
    TomTom’s FY2019 revenue rises 2% y/y to USD784.8 million
    TomTom has announced a 2% year-on-year (y/y) increase in FY2019 revenue to EUR700.6 million (USD784.8 million), a company financial filing on 5 February showed. Net result from continuing operations for the period ended 31 December 2019 was a loss of EUR193 million, dragged down by higher operating ...
    Veoneer’s FY2019 net loss widens y/y to USD500 million
    Veoneer’s net loss increased sharply to USD500 million in the financial year ended 31 December 2019 compared to USD276 million a year earlier, the company said in a press release on 5 February. Net sales dropped 15% year-over-year (y/y) to USD1.9 billion. The company recorded 12% drop in organic s...
    Modine's Q3 net sales fall 12% y/y to USD473.4 million
    Modine has reported a fall of 12% year on year (y/y) in its net sales to USD473.4 million during the third quarter ended 31 December 2019, according to a company press release on 4 February. Net income for the quarter dropped 93.3% y/y to USD1.2 million. Operating income fell 75.5% y/y to USD8.2 mil...
    NXP Semiconductors FY2019 revenue falls 5.6% y/y to USD8.88 billion
    NXP Semiconductors has reported a 5.6% year-on-year (y/y) drop in full year 2019 revenue at USD8.88 billion, the company said in a financial statement on 3 February. Net income for the period slumped 88% to USD272 million. Last year the company benefited around USD2 billion in what was classified as...
    SiriusXM’s FY2019 net income down 22.3% y/y to USD914 million
    SiriusXM reported a 22.3% year-on-year (y/y) drop in full year 2019 net income at USD914 million. Total revenue for the period surged 35% to USD7.79 billion, helped by an increase in advertisement revenue USD1.34 billion from USD188 million last year. Total revenue for the fourth quarter ended 31...
    CTS Corporation posts 22.3% y/y drop in FY2019 net earnings
    CTS Corporation has reported a 22.3% year-on-year (y/y) drop in net earnings to USD36.1 million for the full year ended 31 December. Net sales for the period dropped marginally to USD469 million from USD470.5 million. Net earnings for the fourth quarter slipped 42.7% to USD10.1 million while...
    Nokian Tyres’ FY2020 net income grows 35.5% y/y to USD447.8 million
    Finnish tire-maker Nokian Tires has reported a 35.5% year-on-year (y/y) growth in net income to EUR399.9 million (USD447.8 million) for the fiscal year quarter ended 31 December 2019, according to a company press release on 4 February. Net sales for the period were flat y/y at EUR1.59 billion. The c...
    Grammer’s FY2019 revenue up 9% y/y to USD2.2 billion
    Grammer’s full-year revenue crossed EUR2 billion (USD2.23 billion) for the first time in 2019, the Germany-based automotive interior systems supplier said in a press release on 4 February. This represented a year-over-year (y/y) growth of around 9% over 2018. The company reported operating EBIT of...
    Panasonic's April-December 2019 net sales fall 5.3% y/y to USD52.7 billion
    Panasonic has reported a decline of 5.3% year on year (y/y) in net sales to JPY5.7 trillion (USD52.7 billion) for the April to December period, according to a company press release on 3 February. Panasonic witnessed a net profit of JPY178.1 billion, which is a growth of 3.1% y/y. Operating profit fo...
    Central Glass net sales fall 2.7% y/y to USD1.5 billion in April-December period
    Central Glass has reported a fall of 2.5% year on year (y/y) in net sales to JPY166.3 billion (USD1.5 billion) during April-December period, according to a company press release on 3 February. Net profit for the period was also down by 36.4% y/y, to JPY4.3 billion. The company’s operating profit f...
    Denso’s nine-month net profit drops 29% y/y to USD1.25 billion
    Denso has reported a 29% y/y slump in net profit for the nine months ended 31 December 2019, the company’s financial statement showed. Net profit came in at JPY136.12 billion (USD1.25 billion) compared to JPY192.01 billion last year. Revenue for the period fell 2.1% to JPY3.90 trillion. Total r...
    Illinois Tool Works (ITW)’s 2019 net income decreases 1.6% y/y to USD2.52 billion
    Illinois Tool Works (ITW) has reported a 1.6% year-over-year (y/y) decline in net income to USD2.52 billion for the fiscal year ended 31 December 2019, the US-based supplier said in a press release on 31 January. Revenue dropped 4.5% y/y to USD14.1 billion. Lower revenue impacted ITW’s operating i...
    Aisin Seiki’s April-December net profit drops 43.9% y/y to USD427.9 million
    Aisin Seiki’s net income declined 43.9% year on year (y/y) to JPY46.7 billion (USD427.9 million) in April to December period ended 31 December 2019, the company said on 31 January. Revenue dropped 4.7% y/y to JPY2.8 trillion, mainly due to a decline in automatic transmission sales in China. The co...
    Gentex reports 2.9% y/y decline in 2019 net income to USD424.6 million
    Gentex has reported a 2.9% year-on-year (y/y) decline in net income to USD424.6 million for the fiscal year ended 31 December, the US-based automotive supplier said on 31 January. The company recorded higher net sales despite a 6% y/y drop in global light vehicle production during the year under rev...
    Adient’s Q1 net loss widens y/y to USD167 million on lower sales
    Adient’s net loss widened to USD167 million in the first quarter ended 31 December 2019 compared to USD17 million net loss in the same period a year earlier, the US-based automotive seating and interior systems supplier said in a press release on 31 January. Sales declined 5.3% y/y to USD3.9 billi...
    Samsung Electronics FY2019 profit falls 52.8% to USD23.98 billion
    Samsung Electronics posted a 52.8% year-on-year (y/y) fall in FY2019 operating profit at KRW27.77 trillion (USD23.98 billion), the company said in a filing on 30 January. Total sales came in at KRW230.40 trillion, compared with KRW243.77 trillion last year. For the fourth quarter ended 31 De...
    Fujitsu posts Q3 profit of USD332.3 million
    Fujitsu reported a third quarter net profit of JPY36.25 billion (USD332.9 million) compared to a loss of JPY29.67 billion last year, the company said in a financial filing on 30 January. Revenue for the period ended 31 December dropped to JPY923.27 billion from JPY977.32 billion. Operating prof...
    Aptiv’s 2019 net income drops 7.2% y/y to USD990 million
    Aptiv has reported a 7.2% year-on-year (y/y) decline in net income to USD990 million in the financial year ended 31 December 2019, the company said in a press release on 30 January. Net sales declined marginally by 1% y/y to USD14.4 billion. The company also recorded a 13.4% y/y decline in operating...
    Hyundai Mobis’s 2019 net profit up 21.5% y/y to USD2 billion
    Hyundai Mobis has reported a 21.5% year-on-year (y/y) increase in net profit to KRW2.3 trillion (USD2 billion) in the financial year ended 31 December 2019, the company said in a statement. Sales increased 8.2% y/y to KRW38 trillion. Higher sales helped the leading South Korean supplier to record a ...
    Meritor's Q1 net income drops 56.7% y/y to USD39 million
    Meritor has reported a decline of 56.7% year on year (y/y) in its net income to USD39 million for the first quarter ended 31 December 2019, according to a company press release on 30 January. Net sales for the quarter also declined 13.2% y/y to USD901 million. Meritor’s operating income witnessed ...
    NTN reports USD10.3 million net loss for first nine months of 2019
    NTN has reported a net loss of JPY1.1 billion (USD10.3 million) for the first nine months ended 31 December 2019, compared with a net profit of JPY9 billion in the same period a year ago, according to a company press release on 30 January. Net sales for the period also declined 10.4% year on year (y...
    JK Tyre’s Q3 net profit down 58.9% y/y to USD1.5 million
    JK Tyre has reported a decline of 58.9% year on year (y/y) in net profit to INR109.5 million (USD1.5 million) for the third quarter ended 31 December 2019, the Indian tire-maker said in a regulatory filing on 30 January. The company’s profit before tax declined 48.2% y/y to INR233.1 million. Reven...
    Koito’s net profit down 14.5% y/y to USD399.7 million in first nine months of 2019
    Koito's net profit declined 14.5% year on year (y/y) to JPY43.5 billion (USD399.6 million) in the first nine months ended 31 December 2019, according to a company press release on 30 January. Net sales for the period were also down marginally (0.6%) y/y to JPY604.4 billion. The Japanese automot...
    TE Connectivity’s Q1 net income slumps 91% y-y to USD26 million
    TE Connectivity has reported a 91% year-on-year (y/y) drop in first quarter net income to USD26 million, the company’s financial disclosure dated 29 January showed. Net sales fell to USD3.17 billion from USD3.35 billion during the period ended December 27, 2019. Value of total orders rose 1% seque...
    Bosch releases prelim financial results for 2019
    Bosch’s sales remained stable at EUR77.9 billion in the financial year ended 31 December 2019, the Germany-based automotive supplier announced while releasing its preliminary financial results on 29 January. Sales, after adjusting exchange rates effects, declined 1.1% year over year (y/y) over a y...
    BorgWarner announces preliminary financial results for 2019
    BorgWarner has announced the preliminary financial results for the full year ended 31 December 2019, according to a company press release on 28 January. BorgWarner has reported a fall of 3.4% year on year (y/y) in its net sales to USD10.2 billion for the year. Operating income for the period touched...
    Delphi Technologies announces preliminary financial results for 2019
    Delphi Technologies has announced the preliminary financial results for the full year ended 31 December 2019, according to a company press release on 28 January. The company reported revenue of USD4.36 billion for the year, which is a fall of 10% year on year (y/y). Adjusted operating income for the...
    Autoliv’s 2019 net income grows 22.6% y/y to USD462.8 million
    Autoliv has reported 22.6% year-over-year (y/y) growth in net income to USD462.8 million in the fiscal year ended 31 December 2019, the company said in a press release on 28 January. The company also witnessed 5.8% y/y growth in operating income to USD725.8 million. Autoliv’s net sales dropped sli...
    Lear’s 2019 net income drops 34% y/y to USD753.6 million
    Lear’s net income declined 34% year over year (y/y) to USD753.6 million in the fiscal year ended 31 December 2019, the US-based automotive supplier said in a press release on 28 January. Sales dropped by 6% y/y to USD19.8 billion. The company recorded core operating earnings of USD1.3 billion, com...
    Arconic's revenue grows 1% y/y to USD14.2 billion in 2019
    Arconic has reported a growth of 1% year on year (y/y) in its revenues to USD14.2 billion for the full year ended 31 December 2019, according to a company press release on 27 January. Net income for the year fell 26.7% y/y to USD470 million. Full year 2019 operating income was USD1 billion versus US...
    Nokian Tyres announces preliminary results for 2019
    Nokian Tyres has announced preliminary results for the full year ended 31 December 2019; the company achieved 2019 net sales with comparable currencies approximately at the level of 2018, the tire-maker said in a press release on 24 January. Operating profit margin in 2019 was approximately at the l...
    Strattec Security’s Q2 net loss narrows y/y to USD1.3 million
    Strattec Security reported a net loss of USD1.3 million for the second quarter compared to a loss of USD22.2 million a year earlier. Net sales for the period ended 31 December 2019 came in at USD106.3 million, a 5.8% decrease from USD112.9 million reported last year. Adjusted gross profit margins...
    CEAT’s Q3 net profit remains stable y/y at USD7.3 million
    Indian tire-maker CEAT’s net profit remained almost stable year on year (y/y) at INR527.9 million (USD7.3 million) in the third quarter of FY 2019/20 ended 31 December 2019, according to a company press release on 22 January. Revenue from operations for the period grew 1.8% y/y to INR17.6 billion....
    STMicroelectronics’s FY 2019 net income down 19.8% y/y to USD1 billion
    STMicroelectronics (STM) has reported a 19.8% year-on-year (y/y) decline in net income to USD1 billion for the fiscal year ended 31 December 2019, according to a company press release on 23 January. Net revenues for the fiscal fell by 1.1% y/y to USD9.5 billion and operating income slid by 14% to US...
    Autoneum’s FY 2019 sales grow marginally y/y to USD2.3 billion
    Autoneum has reported a marginal growth of 0.7% year on year (y/y) in its revenues to CHF2.3 billion (USD2.4 billion) for the fiscal year ended 31 December 2019, according to a company press release on 22 January. Geographically, Autoneum’s North America, Asia and SAMEA (South America, Middle E...
    Texas Instruments’ FY 2019 net income down 10% y/y to USD5 billion
    Texas Instruments (TI) has reported a 10% year-on-year (y/y) decline in net income to USD5 billion for the fiscal year ended 31 December 2019, the company announced in a press release on 22 January. The American semiconductor company reported an 8.8% y/y drop in revenue to USD14.3 billion. Lower sal...
    PPG’s FY2019 net income down 7.3% y/y to USD1.2 billion
    PPG has reported a 7.3% year-on-year (y/y) fall in net income to USD1.2 billion for the fiscal year ended 31 December 2019, according to a company press release on 16 January. The company’s income before taxes declined 1.8% y/y to USD1.6 billion, while net sales for the year declined 1.4% y/y to U...
    Magna expects continued growth in sales, improvement in EBIT margin over next three years
    Magna has released its financial outlook for 2020 and 2022, expecting continued growth in sales and improvement in EBIT margin, the company said in a press release on 16 January. For 2022, Magna forecasts sales in the range of USD40.5 billion to USD43.5 billion and EBIT margin in the range of 7.6% t...
    Hella’s H1 sales declines 6.7% y/y USD3.6 billion
    German automotive lighting and electronics supplier Hella has reported a 6.7% year-on-year (Y/Y) drop in sales to EUR3.3 billion (USD3.6 billion) for the first six months ended 30 November 2019, according to a press release on 14 January. The company posted a drop of 57.1% in EBIT to EUR230 million ...
    Veoneer estimates current total order book value to be around USD19 billion
    Swedish autos parts supplier Veoneer estimates its current total order book value to be approximately USD19 billion, in line with the estimate of more than USD19 billion from the end of 2018, the company announced in a press release on 3 January 2020. The company said that it underlines strong sales...
    SNT Corporation sales decrease 11% to USD94.5 million in Q2 2019
    Japanese auto components manufacturer SNT Corporation has released its financial results for the second quarter of the fiscal year ending March 31st, 2020, in a press statement issued on 14 November. The company reported a reduction in sales during the period between 1 April  2019 to 30 Septemb...
    Shiloh Industries reports USD19.9 million net loss for FY2019
    Shiloh Industries has reported a net loss of USD19.9 million for the fiscal year ended 31 October 2019, compared with a net profit of USD11.6 million in the previous fiscal year, according to a company press release on 19 December. The company’s net revenues declined 7.4% year-on-year (y/y) to USD...
    Cerence FY19 revenue rises 10.7% to USD306.5 million
    Nuance spin-off Cerence has announced a 10.7% year-on-year (y/y) increase in its full year 2019 revenue at USD306.5 million, the company announced in a press release on 17 December. Its net income for the period ended 30 September surged to USD102.1 million from USD5.9 million while its gross margin...
    Henkel expects organic sales growth of up to 2% in FY2020
    Henkel expects organic sales growth to be between 0% and 2% in 2020, the company said in a press release on 12 December. For the fiscal year of 2019, Henkel expects organic sales growth to be approximately stable. However, the company said it expects the Adhesive Technologies business...
    Grupo Antolin’s nine-month 2019 sales decline 1.4% y/y to USD4.2 billion
    Grupo Antolin’s sales declined 1.4% year on year (y/y) to EUR3.85 billion (USD4.2 billion) in the nine-month period ended 30 September 2019, the Spain-based automotive supplier said in a press release on 28 November. Sales reached EUR1.93 billion in Europe, Grupo Antolin’s biggest market. The co...
    Minda Corp’s Q2 net profit down 27.5% y/y to USD5 million
    Minda Corporation has reported a 27.5% year-on-year (y/y) decrease in net profit to INR355.1 million (USD5 million) for the second ended 30 September 2019, according to a regulatory filing on 6 November. The company recorded 35.8% y/y decline in profit before taxes (PBT) to INR421.3 million. Minda C...
    Kasai Kogyo net income drops 42.1% y/y to USD12.9 million in H1 2019
    Japan-based automotive interior parts supplier Kasai Kogyo has reported a 42.1% year-on-year (y/y) decline in net income to JPY1.4 billion (USD12.9 million) for the first six months ended 30 September 2019, according to a company press release on 14 November. Net sales for the period also fell by 9%...
    thyssenkrupp’s net sales rise 1.11% y/y to USD46.29 billion in FY2019
    German components manufacturer thyssenkrupp has reported an increase in its net sales to EUR42 billion (approximately USD46.29 billion) during the financial year ended September 30th, 2019, which represents a rise of 1.11%. The company reported its results in a press statement issued on November 21s...
    MRF’s Q2 net profit down 17.7% y/y to USD32.4 million
    MRF’s consolidated profit from continuing operations declined 17.7% year on year (y/y) to INR2.2 billion (USD32.4 million) in the second quarter ended 30 September 2019, the Indian tire-maker said in a regulatory filing on 8 November. The company’s profit before taxes (PBT) also declined 16.2% y...
    Minda Industries’ Q2 net profit down 32% y/y to USD7 million
    Minda Industries, the flagship company of the Indian auto parts supplier Uno Minda Group, has reported a 32% year-on-year (y/y) decrease in net income to INR494.4 million (USD7 million) for the second quarter ended 30 September 2019, the company said in a regulatory filing on 14 November. The compan...
    Lumax Industries’ Q2 net profit down 3.7% y/y to USD2.8 million
    Lumax Industries has reported a 3.7% year-on-year (y/y) decline in net profit to INR200.8 million (USD2.4 million) for the second quarter ended 30 September 2019, according to a company regulatory filing on 12 November. Profit before tax for the period grew by 1.9% y/y to INR264.6 million. The compa...
    Johnson Matthey reports 13.7% y/y decline in H1 net profit to USD216 million
    Johnson Matthey has reported a decline of 13.7% year on year (y/y) in its net profit to GBP176 million (USD216 million) for the first half ended 30 September 2019, according to a company press release on 21 November. Revenue for the six-month period totaled GBP6.8 billion, representing a growth of 3...
    Nichicon H1 net income rises more than threefold to USD19.5 million
    Electronics components manufacturer Nichicon reported an over threefold jump in first-half 2020 net income at JPY2.10 billion (USD19.5 million). Net sales for the period declined marginally to JPY59.81 billion from JPY59.88 billion a year earlier, according to the company’s financial filing on 5 N...
    Autoliv expects annual sales to grow 3–4% more than light vehicle production in medium term
    Autoliv expects its annual organic sales to grow on average by 3–4% more than the increase in global light vehicle production over the next three to five years, the Sweden-based automotive supplier said during a Capital Markets Day event held in Ogden, Utah, on 19 November. The Swedish s...
    NVIDIA’s Q3 net income declines 27% y/y to USD899 million
    NVIDIA’s net income dropped 27% year-on-year (y/y) to USD899 million in the third quarter ended 27 October (FY 2019/20), the company said on 14 November. The US-based company recorded a 5% y/y decline in revenue for the quarter to USD3 billion, while lower revenue resulted in a 12% y/y d...
    Henkel's Q3 net income falls 9.4% y/y to USD671.5 million
    Henkel has reported a fall of 9.4% year-on-year (y/y) in its net income to EUR556 million (USD671.5 million) for the third quarter ended 30 September, according to a company press release on 14 November. Net sales during the quarter dropped marginally by 0.8% y/y to EUR5.07 billion, while EBIT ...
    Stanley Electric’s first half 2020 net income falls 18.6% y/y
    Stanley Electric Company has posted a 18.6% year-on-year (y/y) decline in net income at JPY15.67 billion (USD145.1 million) for the first half of FY 2020 ended 30 September. Net sales for the period fell to JPY204.47 billion from JPY215.11 billion a year earlier, according to the company’s financi...
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