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Tag: Net Income

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 …

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 …

Chemical Industry / Earnings

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 …

Auto Suppliers / Coronavirus / Earnings

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 …

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