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, …
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 …
OneStream starts off 2023 with strong first quarter
BIRMINGHAM–OneStream Software, a developer corporate performance management software, announced that its annual recurring revenue rose 45% in the first quarter ended March 31 compared to the first quarter of 2022. …
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 …
OneStream tops $200M revenue
BIRMINGHAM—OneStream Solutions, developers of corporate performance management software and services, announced that it had achieved more than $200 million in annual recurring revenue, representing 75 percent year over year growth, …
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 …