Third quarter revenues of $6.0 billion; GAAP1 Net Income of $534 million. Third quarter EBITDA of 14.4 percent; Diluted EPS of $3.69. The company now expects its full year 2021 revenue to be up approximately 20.0 percent; compared to prior guidance of up 20.0 to 24.0 percent. The company is lowering its EBITDA guidance to […]
Fisker and CATL agree to over 5 gigawatt-hours (GWh) annual battery capacity for the Fisker Ocean SUV. Fisker will utilize CATL’s unique dual-chemistry cell capability to optimize performance, application, cost and market position across the Fisker Ocean option package lineup. Fisker and CATL to optimize battery pack structure to support Fisker Ocean packaging requirements. CATL […]
BATON ROUGE, La.–(BUSINESS WIRE)–$HEES–H&E Equipment Services, Inc. (NASDAQ: HEES) (“H&E”, the “Company”) today announced results for the third quarter ended September 30, 2021, highlighting improved fleet utilization, rental rate appreciation and significant progress toward the Company’s strategic transition to a pure-play rental business. During the third quarter of 2021, the Company agreed to sell its […]
World-renowned researchers write roadmap for commercialization with significant projected cost savings MIAMI–(BUSINESS WIRE)–Ryder System, Inc. (NYSE: R), a leader in supply chain, dedicated transportation, and fleet management solutions, announces the industry’s first data-driven study on the impact of autonomous trucking. The company worked with world-renowned researchers in transportation and mobility at the H. Milton Stewart […]
World-renowned researchers write roadmap for commercialization with significant projected cost savings MIAMI–(BUSINESS WIRE)–Ryder System, Inc. (NYSE: R), a leader in supply chain, dedicated transportation, and fleet management solutions, announces the industry’s first data-driven study on the impact of autonomous trucking. The company worked with world-renowned researchers in transportation and mobility at the H. Milton Stewart […]
Continued Strength in Revenue per Unit; Quarterly Net Income up 24.4% vs. Prior Year Increases Full-Year 2021 Outlook WESTCHESTER, Ill.–(BUSINESS WIRE)–IAA, Inc. (NYSE: IAA) today announced its financial results for the third quarter of fiscal 2021, which ended September 26, 2021. John Kett, Chief Executive Officer and President, stated, “We continued to benefit from the […]
Third Quarter 2021 Highlights Sales of $1.9 billion, up 34% year over year, and up 5% from prior quarter Net income of $16 million, or $0.15 per share, compared with $5 million, or $0.05 per share, in third quarter 2020 Adjusted EBITDA of $171 million, up 4% year over year, and down 9% from prior […]