Phinia profits fall
AUBURN HILLS–Phinia Inc. (NYSE: PHIN), manufacturer of mobility industry fuel systems, electrical systems, and aftermarket products, announced net income of $35 million, down from $41 million in the same quarter …
Lear profits, sales rise
SOUTHFIELD–The Southfield-based automotive seating and electronics manufacturer Lear Corp. (NYSE: LEA) reported net income of $168.7 million or $2.84 a share, up from $68.5 million or $1.14 a share in …
BorgWarner sales, profits rise
AUBURN HILLS–The Auburn Hills-based automotive supplier BorgWarner Inc. (NYSE: BWA) reported higher revenue and net income for the first quarter ended March 31. Revenue for the quarter was $4.18 billion, …
TriMas sales, profits fall
BLOOMFIELD HILLS–TriMas (Nasdaq: TRS) announced revenue of $215.5 million in the first quarter ended March 31, down 3.9 percent from $224.3 million in the first three months of 2022. The …
Stoneridge posts loss despite higher sales
NOVI–Stoneridge Inc. (NYSE:SRI) reported a loss of $14.1 million or 62 cents a share for 2022, compared to net income of $3.4 million or 12 cents a share in 2021. …
Rockwell Medical to suspend pharma development, concentrate on revenue
WIXOM–Rockwell Medical Inc. (Nasdaq: RMTI), the Wixom-based developer of products for patients suffering from blood and kidney disorders, announced it would suspend develop of new pharmaceutical products, and concentrate instead …
Masco earnings fall slightly on flat sales
LIVONIA—Masco Corp., the manufacturer of branded home improvement and building products, reported flat sales of $2.2 billion in the third quarter ended Sept. 30. Net income was $233 million or …
CMS Energy profits rise, 2022 guidance raised
JACKSON—CMS Energy, the electric and gas utility, reported net income of $1.33 billion or $4.66 a share for 2021, up from $752 million or $2.64 a share in 2020. Revenue …
Meritor quarterly net jumps
TROY–The transportation supplier Meritor Inc. (NYSE: MTOR) posted net income of $62 million or 87 cents a share in the quarter ended Sept. 30, up from $1 million or 1 …
CMS Energy earnings dip on jump in operating expenses
JACKSON—CMS Energy Corp. (NYSE: CMS), the Jackson-based utility holding company, reported net income of $183 million or 64 cents a share in the third quarter, down from $210 million or …