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 …
Masco sales, profits fall 10%
LIVONIA–Masco Corp. (NYSE: MAS), the manufacturer of branded home improvement and building products, said its revenue fell 10 percent to $1.979 billion in the first quarter ended March 31, down …
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. …
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 …
TriMas reports higher sales, earnings
BLOOMFIELD HILLS—Officials at the Bloomfield Hills diversified manufacturer TriMas Corp. (Nasdaq: TRS) Thursday reported net income of $19.6 million or 45 cents a share in the third quarter, compared to …
Ford profit slips
DEARBORN—Ford Motor Co. reported net income of $1.83 billion or 45 cents a share in the third quarter, down from $2.39 billion or 60 cents a share in the same …
Penske Automotive reports record quarterly results
BLOOMFIELD HILLS—Penske Automotive Group Inc. (NYSE: PAG) reported record third quarter and nine-month 2021 results, including a 43.9 percent increase in income from contributing operations and a 45.3 percent in …