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Martinrea International Inc. (TSE:MRE)
:MRE
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Earnings Data
Report Date
Feb 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.31Last Year’s EPS
0.37Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 08, 2018
|% Change Since: -15.42%
|Next Earnings Date:Aug 08, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted strong free cash flow, new business wins, and strategic technology investments. However, these positive aspects were countered by declining operating income, production volume challenges, and a high effective tax rate. The company is managing through industry-wide challenges while positioning itself for future growth.Company Guidance
In the third quarter of 2024, Martinrea International reported an adjusted EBITDA of $154.1 million with an EBITDA margin of 12.5%, and an operating income of $65.9 million, resulting in a 5.3% operating income margin. The company experienced a production sales decline of approximately 8% quarter-over-quarter, while the adjusted operating income margin on a year-to-date basis was 5.9%, aligning with their 2024 guidance. Free cash flow, excluding IFRS 16 lease payments, was robust at $57 million. The company noted a strong balance sheet with a net debt to adjusted EBITDA ratio of 1.46, and it maintained a disciplined capital allocation strategy, including $9.5 million spent on share buybacks. Despite anticipated lower production sales in Q4, Martinrea remains on track to achieve the high end of its free cash flow outlook for the year, driven by lower capital expenditures and efficient operational management.Strong Free Cash Flow
Generated $57 million in free cash flow before IFRS 16 lease payments, higher than the previous quarter's $51.7 million.
New Business Wins
Awarded new business worth $35 million in annualized sales, including $30 million in the Lightweight Structures Commercial Group and $5 million in the Propulsion Systems Group.
Innovative Technology Implementation
Plans to implement machine learning technology for efficiency gains, promoting safety, speed, and quality across operations.
Debt Reduction and Share Buyback
Reduced net debt by $32 million quarter-over-quarter and repurchased approximately 826,000 shares for $9.5 million.
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TSE:MRE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:MRE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | C$10.76 | C$9.60 | -10.82% |
| Aug 06, 2024 | C$10.41 | C$10.37 | -0.38% |
| May 02, 2024 | C$11.19 | C$11.77 | +5.20% |
| Feb 29, 2024 | C$13.65 | C$11.98 | -12.23% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Martinrea International Inc. (TSE:MRE) report earnings?
Martinrea International Inc. (TSE:MRE) is schdueled to report earning on Feb 27, 2025, TBA Not Confirmed.
What is Martinrea International Inc. (TSE:MRE) earnings time?
Martinrea International Inc. (TSE:MRE) earnings time is at Feb 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:MRE EPS forecast?
TSE:MRE EPS forecast for the fiscal quarter 2024 (Q4) is 0.31.
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