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, …
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 …
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 …
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 …
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 …
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 …
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 …
Dow sales, profits plunge amid pandemic
MIDLAND—Revenue and profit both declined substantially at Dow Inc., the Midland-based chemical giant, for the second quarter ended June 30, as the coronavirus pandemic slowed down business worldwide. Revenue for …
Horizon Global cuts loss despite lower sales
PLYMOUTH–Horizon Global Corp. (NYSE: HZN) reported a loss of $16.7 million or 66 cents a share in the first quarter of 2020, an improvement from a loss of $25.1 million …
Alta loss grows on acquisition expenses
LIVONIA—Alta Equipment Group Inc. (NYSE: ALTG), a provider of industrial and construction equipment and related services, posted a loss of $17 million or 91 cents a share in the first …