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SOUTHFIELD, Mich.–(BUSINESS WIRE)–#automotivesuppliers–Power management company Eaton has announced its eMobility business has been chosen to supply a 4-speed medium-duty electrified vehicle (EV) transmission to Proterra, a leading innovator in commercial vehicle electrification technology, for the company’s ProDrive drivetrain used in Proterra ZX5 electric transit buses. “Our EV transmissions have unmatched performance, providing class-leading acceleration, horsepower, […]
First Quarter Summary Net sales of $180.9 million $18.3 million decrease from first quarter of 2021 Gross profit of $20.2 million $20.4 million decrease from first quarter of 2021 Gross profit margin(4) decreased to 11.2% from 20.4% in the first quarter of 2021 Net loss of $27.0 million $11.8 million deterioration from first quarter of […]
RALEIGH, N.C.–(BUSINESS WIRE)–Vontier Corporation (“Vontier”) (NYSE: VNT) today announced results for the first quarter 2022. For the first quarter ended April 1, 2022, net earnings were $250.2 million and adjusted net earnings were $115.9 million. For the first quarter ended April 1, 2022, diluted net earnings per share were $1.50 and adjusted diluted net earnings […]
Project Ronin will be Fisker’s third vehicle, following the Fisker Ocean and Fisker PEAR. The all-electric sport Grand Tourer will feature innovations such as a battery pack integrated with the vehicle’s structure. Fisker is designing and engineering Project Ronin to deliver the longest range of a production EV with the ultimate in high performance. LOS […]
DAVIDSON, N.C.–(BUSINESS WIRE)–Curtiss-Wright Corporation (NYSE: CW) reports financial results for the first quarter ended March 31, 2022. First Quarter 2022 Highlights: Reported sales of $559 million, reflecting timing of defense revenues; Reported diluted earnings per share (EPS) of $1.05; Adjusted diluted EPS of $1.31; New orders of $634 million, up 12%, reflecting strong demand within […]
First Quarter Highlights Include: Net income was $12.9 million; up 39.9% compared to net income of $9.2 million in the first quarter of 2021. Basic earnings per share were $0.55 for the quarter, an increase of 41.0% compared to $0.39 for the first quarter of 2021. Oil Business segment revenue of $54.7 million represents a […]
HOUSTON–(BUSINESS WIRE)–USD Partners LP (NYSE: USDP) (the “Partnership”) announced today its operating and financial results for the three months ended March 31, 2022. Financial highlights with respect to the first quarter of 2022 include the following: Generated Net Cash Provided by Operating Activities of $10.7 million, Adjusted EBITDA(1) of $10.0 million and Distributable Cash Flow(1) […]