Post by
Betteryear2 on Aug 10, 2021 5:07pm
Reports Second-Quarter Results, Declares Dividend
TORONTO, Aug. 10, 2021 (GLOBE NEWSWIRE) -- Martinrea International Inc. (TSX : MRE), a diversified and global automotive supplier engaged in the design, development and manufacturing of highly engineered, value-added Lightweight Structures and Propulsion Systems, today announced the release of its financial results for the second quarter ended June 30, 2021 and declared a quarterly cash dividend of $0.05 per share.
https://www.globenewswire.com/news-release/2021/08/10/2278408/0/en/Martinrea-International-Inc-Reports-Second-Quarter-Results-Declares-Dividend-and-Reiterates-Positive-Long-Term-Outlook.html
Comment by
Healthyscratch on Aug 10, 2021 5:19pm
any thoughts on the earings report people ??
Comment by
sergio2go on Aug 10, 2021 5:37pm
VERY QUICK LOOK AT THE NUMBER...SEEMS TO BE OK BUT... IT WILL BE VERY DIFFICULT TO GET BETTER RESULTS FOR Q3 AND Q4 BECAUSE OF THE CHIPS SHORTAGE. I DON,T EXPECT A HUGE RESPONSE ON THE UPSIDE TOMORROW. WILL HAVE TO BE PATIENT WITH THIS ONE.
Comment by
Possibleidiot01 on Aug 11, 2021 6:18am
Chairman on BNN today post earnings . 4:30 PM EDT Rob Wildeboer Executive Chairman and Co-Founder Martinrea International Focus: Martinrea's top executive on state of the auto parts industry
Comment by
Odinson on Aug 11, 2021 11:11am
Good news and the price goes down! What the .......?
Comment by
sergio2go on Aug 11, 2021 11:37am
I believe the market is overeacting but the numbers are not that great. As a matter a fact the market did expect lower income and it will take at least 2Q to be back on the right track mainly because of the chips shortage.
Comment by
Scotch12 on Aug 11, 2021 9:09pm
The average income estimate was 38 cents a share and Q2 revenue of 937 million so there was definitely a miss in both. Things are looking better but this has long been an unloved stock. They could certainly help their case with a better dividend. https://ca.finance.yahoo.com/quote/MRE.TO/analysis?p=MRE.TO