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Category: Earnings

Earnings / Manufacturing / Specialty Vehicles

Shyft Group swings back to profit despite lower sales

NOVI—The specialty vehicle manufacturer Shyft Group Inc. announced net income of $7.6 million or 21 cents a share in the fourth quarter ended Dec. 31, compared to a loss of …

Earnings / Manufacturing

TriMas reports lower profit on higher sales

BLOOMFIELD HILLS—The diversified manufacturer TriMas Corp. (NASDAQ: TRS) reported net income of $23.7 million in the fourth quarter ended Dec. 31, down from $38.4 million in the same quarter of …

Earnings / Specialty Vehicles

Shyft Group profits nearly double

NOVI—The Shyft Group Inc. (NASDAQ: SHYF), the manufacturer of specialty vehicles and vehicle upfits formerly known as Spartan Motors, reported net income of $18.8 million or 53 cents a share, …

Aerospace / Earnings / Manufacturing / Oil Industry

TriMas sales hit record, takes asset charge, makes acquisition

BLOOMFIELD HILLS—The effect of the coronavirus pandemic whacked earnings at the Bloomfield Hills-based diversified manufacturer TriMas Corp. (NASDAQ: TRS). Company officials announced a loss of $100.9 million or $2.32 a …

Earnings / Utilities

CMS Energy revenue, profits inch upward

JACKSON—CMS Energy, the Jackson-based utility holding company, reported net income of $210 million or 76 cents a share in the third quarter, up from $207 million or 73 cents a …

Auto Industry / Earnings

Penske Automotive posts record profit

BLOOMFIELD HILLS—Penske Automotive Group Inc. (NYSE: PAG) posted net income of $246.6 million or $3.07 a share in the third quarter of 2020, up from $116.2 million or $1.42 in …

Earnings / Pharmaceuticals

Esperion revenues rise sharply with cholesterol drugs finally on market

ANN ARBOR–Officials at Esperion Therapeutics Inc. (Nasdaq: ESPR) announced record revenue in the second quarter ended June 30, as its cholesterol-fighting drugs Nexletol and Nexlizet have been approved for use …

Auto Suppliers / Automotive Electronics / Earnings

Lear sales plunge, loss posted

SOUTHFIELD—Lear Corp. (NYSE: LEA), the Southfield-based manufacturer of automotive interiors and electronics, reported a net loss of $294 million or $4.89 a share in the second quarter, as sales plunged …

Earnings / Utilities

CMS Energy revenue, net income rise

JACKSON—Officials at CMS Energy (NYSE: CMS) announced second quarter net income of $136 million or 48 cents a share, up from $93 million or 33 cents a share in the …

Building Products / Earnings

Masco sales, profits decline

LIVONIA—Masco Corp., the Livonia-based manufacturer of home improvement and building products, reported net income of $234 million or 85 cents a share in the second quarter, down from $240 million …

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