Automotive industry crisis of 2008–2010

Methode Electronics, Inc. Reports Fiscal 2023 First Quarter Financial Results

Retrieved on: 
Thursday, September 1, 2022
Share repurchase, CDT, Depreciation, COVID-19, Security (finance), Mission statement, Tax, NYSE, Program, EBITDA, Automotive industry crisis of 2008–2010, Engineering, Solution, Original equipment manufacturer, Medicine, Installment sales method, Automotive industry, U.S. Securities and Exchange Commission, Methode Electronics, GLOBE, Earnings before interest, taxes, depreciation and amortization, Pandemic, Net, Recognition, Cloud computing, International, News, Electronics, Timing, Weakness, Investor, GAAP, Free cash flow, Lighting, Interface, Public expenditure, Climate change, Health, Industry, Transport, Review, LED, Video game, Music, Recycling, Bank, Online shopping, Income, EidosMedia

The fiscal 2023 first quarters income from operations included an unfavorable foreign currency impact of $2.7 million.

Key Points: 
  • The fiscal 2023 first quarters income from operations included an unfavorable foreign currency impact of $2.7 million.
  • The fiscal 2023 first quarters net income included an unfavorable foreign currency impact of $2.9 million, or $0.08 per diluted share.
  • Comparing the Interface segment's quarter to the same quarter of fiscal 2022,
    Net sales were $13.0 million, up $0.3 million from $12.7 million.
  • Comparing the Medical segment's quarter to the same quarter of fiscal 2022,
    Net sales were $0.7 million, down $0.1 million from $0.8 million.

Uniroyal Global Engineered Products, Inc. Reports Financial Results For the First Quarter Ended April 3, 2022

Retrieved on: 
Friday, May 13, 2022
Automotive industry, Physical fitness, Informal economy, Company, Environment, Health, COVID-19, Income, Net, Paycheck Protection Program, UNIR, Time, Industrial, Net income, Technology, Automotive industry crisis of 2008–2010, Delays, OTCQB, GLOBE, Video game, Health insurance

SARASOTA, Fla., May 13, 2022 (GLOBE NEWSWIRE) -- Uniroyal Global Engineered Products, Inc. (OTCQB:UNIR) today reported financial results for the first quarter of fiscal 2022 ended April 3, 2022.

Key Points: 
  • SARASOTA, Fla., May 13, 2022 (GLOBE NEWSWIRE) -- Uniroyal Global Engineered Products, Inc. (OTCQB:UNIR) today reported financial results for the first quarter of fiscal 2022 ended April 3, 2022.
  • The total amount of cost savings will be approximately $731,000 for fiscal 2022 and $244,000 for the first quarter of fiscal 2023.
  • Net sales for the first quarter of fiscal 2022 were $20,070,551 versus $21,896,001 for the first quarter of fiscal 2021, a decline of 8.3%.
  • However, customer production disruptions were less prevalent in the first quarter of 2022 than in the fourth quarter of 2021, a positive trend we hope continues.

Global Automotive Upholstery Market Trajectory & Analytics, 2021-2026 - Environment Friendly Sustainable Textile to Make a Big Impact on the Market - ResearchAndMarkets.com

Retrieved on: 
Tuesday, January 25, 2022
Automotive, Other Automotive, Leather, Automotive industry, Textile, Race, Virus, Growth, Car, Upholstery, Temperature, Nature, Automotive industry crisis of 2008–2010, PET, New Normal, IMF, Pandemic, Safety, CAGR, Pet

The "Automotive Upholstery - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Automotive Upholstery - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
  • The Automobile upholstery market is poised to grow with the need for better safety and comfort for seat covers.
  • Considering the time spent driving every day, car interiors are being improved to give living room comfort and wellness.
  • This segment currently accounts for a 22.6% share of the global Automotive Upholstery market.

Methode Electronics, Inc. Reports Fiscal Second Quarter 2022 Financial Results

Retrieved on: 
Thursday, December 2, 2021
Recognition, Security (finance), International, Depreciation, Review, Methode Electronics, Tax, Industry, EBITDA, Pandemic, NYSE, Transport, LIBOR, Electronics, Health, Mission statement, Original equipment manufacturer, LED, Automotive industry, Solution, Investor, U.S. Securities and Exchange Commission, Program, COVID-19, Interface, Medicine, Radio, GAAP, GLOBE, Cloud computing, CST, Board, Climate change, Director, Share repurchase, Net, Timing, Installment sales method, Free cash flow, Engineering, Automotive industry crisis of 2008–2010, Earnings before interest, taxes, depreciation and amortization, Lighting, EV, Lithium, Rolling (metalworking), Bottled water, Renewable energy, Online shopping

CHICAGO, Dec. 02, 2021 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, LED lighting and power distribution applications, today announced financial results for the second quarter of fiscal 2022 ended October 30, 2021.

Key Points: 
  • CHICAGO, Dec. 02, 2021 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, LED lighting and power distribution applications, today announced financial results for the second quarter of fiscal 2022 ended October 30, 2021.
  • Income tax expense was $5.5 million, compared to $7.6 million in the same quarter of fiscal 2021.
  • EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization of Intangibles), a non-GAAP financial measure, was $47.4 million, compared to $60.2 million in the same quarter of fiscal 2021.
  • Debt was $223.1 million at the end of the quarter, compared to $240.1 million at the end of fiscal 2021.

New Study from StrategyR Highlights a $12.5 Billion Global Market for Nanosensors by 2026

Retrieved on: 
Thursday, October 21, 2021
Analog Devices, Research, Robert Bosch GmbH, SAN, STMicroelectronics, Omron, Geography, Electronics, Denso, Health care, FLIR Systems, Players, Intelligence, Marketing, Internet, CAGR, COVID-19, Growth, Forecasting, GIA, Automotive industry crisis of 2008–2010, Consumer electronics, Toshiba, Pet, Renewable energy

SAN FRANCISCO, Oct. 21, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Nanosensors - Global Market Trajectory & Analytics" .

Key Points: 
  • SAN FRANCISCO, Oct. 21, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Nanosensors - Global Market Trajectory & Analytics" .
  • Geographies:World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
  • Previews provide deep insider access to business trends; competitive brands; domain expert profiles; and market data templates and much more.
  • Global Industry Analysts, Inc., ( www.strategyr.com ) is a renowned market research publisher the world`s only influencer driven market research company.

Methode Electronics, Inc. Reports Fiscal 2022 First Quarter Financial Results

Retrieved on: 
Thursday, September 2, 2021
Automotive industry crisis of 2008–2010, Industry, Tax, LED, Timing, Transport, Program, Free cash flow, Fiscal, Net, Original equipment manufacturer, U.S. Securities and Exchange Commission, Medicine, Engineering, Recognition, Interface, GAAP, GLOBE, International, Lighting, Earnings before interest, taxes, depreciation and amortization, Pandemic, Methode Electronics, Director, Share repurchase, EV, Health, Cloud computing, NYSE, Review, Investor, Board, Public expenditure, Automotive industry, Installment sales method, Solution, Electronics, LIBOR, Climate change, COVID-19, Mission statement, EBITDA, CDT, Security (finance), Depreciation, Pharmaceutical industry, Health insurance, Bank, Cryptocurrency, Rolling (metalworking), Video game, Lithium, Risk management, Online shopping

Income tax expense was $5.7 million, compared to a tax benefit of $5.1 million in the same quarter of fiscal 2021.

Key Points: 
  • Income tax expense was $5.7 million, compared to a tax benefit of $5.1 million in the same quarter of fiscal 2021.
  • Debt was $235.4 million at the end of the quarter, compared to $240.1 million at the end of fiscal 2021.
  • Comparing the Automotive segment's quarter to the same quarter of fiscal 2021,
    Net sales were $195.8 million, up $70.7 million or 56.5% from $125.1 million.
  • Comparing the Medical segment's quarter to the same quarter of fiscal 2021,
    Net sales were $0.8 million, up from $0.4 million.