Martinrea International (MRETF)
OTHER OTC:MRETF
Earnings Data
Report Date
Apr 30, 2026TBA (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.32Last Year’s EPS
0.3Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a predominantly positive tone: management reported record free cash flow, margin improvements, debt reduction, successful integration of an acquisition, targeted investments in machine learning (PolyML) and a strong new business pipeline with significant awards and booked 2028 sales. These operational and financial achievements were balanced against persistent external headwinds—tariffs/trade uncertainty, lumpy commercial recoveries related to EV shortfalls, regional weakness in Europe, and some near-term capital and program roll-off impacts. On balance, the positive operational execution, liquidity/credit improvements and visible backlog/bookings outweigh the challenges, though timing and lumpiness of recoveries remain risks.Company Guidance
World-Class Safety Performance
Total recordable injury frequency (TRIF) of 0.71 in 2025, materially better than the industry average (~3.0), demonstrating strong safety culture and operational discipline.
Record Free Cash Flow and Improvement
Generated just under $200 million of free cash flow in FY2025 (new company record), exceeding 2025 outlook of $150M–$175M. Q4 2025 free cash flow before IFRS-16 was $108.0M (up from $76.4M year-over-year, +41%); after IFRS-16 it was $93.3M (up from $63.0M, +48%).
Margin and Profitability Gains
Full-year adjusted operating income margin met outlook and came in at ~5.6% (above the midpoint of 5.3%–5.8%). Q4 adjusted operating income margin improved +110 basis points year-over-year (Q4 margin metrics include a 4.6% adjusted operating income margin reported for the quarter). Adjusted operating income for Q4 was $55.1M, up 37% year-over-year.
Sales Growth and Organic Performance
Production sales in the quarter were up ~7% year-over-year (about +6% on an organic basis excluding $14M from the Lyseon acquisition), demonstrating underlying volume growth.
Leverage Reduction and Balance Sheet Strength
Net debt to adjusted EBITDA ended FY2025 at 1.35x, below the company target of ≤1.5x. Net debt (ex-IFRS16) decreased by approximately $73M from Q3 to $695M. Long-term debt reduced by ~$113M in 2025, lowering financing costs by roughly $12M.
Capital Allocation: Buybacks, M&A and Liquidity
Resumed NCIB repurchases in Q4, buying ~779,000 shares for $8M. Over the past 3 years repurchased ~10% of outstanding shares; shares outstanding now ~72M. Bank facility amended and extended to 2030, added 2 banks to the syndicate (12 banks total) and increased accordion to US$400M, maintaining covenant terms.
Strategic Acquisitions and Integration
Acquisition of Lyseon North America (October 2025) integrated well; adds business with International/Navistar and broadens non-automotive exposure (school bus and commercial vehicles).
Technology & Productivity Investments (AI/ML)
Acquired a 10% stake in PolyML to support Martinrea's machine learning initiatives. PolyML's Fiins AI is being used to improve weld quality, efficiency, energy usage and press health monitoring—expected to reduce unplanned downtime and maintenance costs.
New Business Wins and Strong Quoting Pipeline
Won $210M of annualized takeover/new business (including $180M structural components, $20M propulsion, $10M flexible manufacturing); total new awards in last 12 months $340M. Additionally, won program extensions and replacement work valued at >$1B (annualized mature volumes).
Regional Performance Improvements
North America: Q4 adjusted operating margin 6.9% (up 110 bps YoY); FY2025 North America margin 7.3% (vs 6.7% in 2024). Europe: Q4 loss narrowed to -1.4% from -3.6% YoY and full year roughly breakeven (improvement from prior year). Rest-of-World: full-year margin improved to +1.3% (from -2.1% in 2024).
MRETF 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
MRETF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 05, 2026 | $7.73 | $7.11 | -8.02% |
Nov 11, 2025 | $7.41 | $7.30 | -1.44% |
Aug 12, 2025 | $6.23 | $6.97 | +11.83% |
May 01, 2025 | $5.29 | $5.56 | +5.00% |
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.
FAQ
When does Martinrea International (MRETF) report earnings?
Martinrea International (MRETF) is schdueled to report earning on Apr 30, 2026, TBA (Confirmed).
What is Martinrea International (MRETF) earnings time?
Martinrea International (MRETF) earnings time is at Apr 30, 2026, TBA (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 MRETF EPS forecast?
MRETF EPS forecast for the fiscal quarter 2026 (Q1) is 0.32.