Business
Martinrea International Inc. Reports Second Quarter Results and Declares Dividend
TORONTO, Aug. 12, 2025 (GLOBE NEWSWIRE) -- Martinrea International Inc. (TSX : MRE), a diversifie...
About this update from Martinrea International Inc.
[{"type":"text","content":"Martinrea International Inc. Reports Second Quarter Results and Declares Dividend\n\n\n\n TORONTO, Aug. 12, 2025 (GLOBE NEWSWIRE) -- Martinrea International Inc. (TSX : MRE), a diversified and global automotive supplier engaged in the design, development and manufacturing of highly engineered, value-added Lightweight Structures and Propulsion Systems, today announced the release of its financial results for the second quarter ended June 30, 2025, and declared a quarterly cash dividend of $0.05 per share.\n \n\n\n\n SECOND-QUARTER HIGHLIGHTS\n \n\n\n\n\n Total sales of $1,275.5 million, production sales of $1,199.2 million.\n \n\n Diluted net earnings per share of $0.52 and Adjusted Net Earnings per Share\n \n (\n \n\n 1\n \n\n )\n \n of $0.66.\n \n\n Adjusted EBITDA\n \n (\n \n\n 1\n \n\n )\n \n of $165.4 million, 13.0% of total sales.\n \n\n Adjusted Operating Income Margin\n \n (\n \n\n 1\n \n\n )\n \n of 6.8%, up 50 basis points year over year, and 150 basis points over the first quarter of 2025.\n \n\n Free Cash Flow\n \n (\n \n\n 1\n \n\n )\n \n (excluding principal payments of IFRS 16 lease liabilities) was $72.0 million, up almost 40% year over year.\n \n\n Net Debt-to-Adjusted EBITDA\n \n (1)\n \n ratio, excluding the impact of IFRS 16, ended the second quarter at 1.50x, down from 1.64x in the first quarter of 2025 and at our target of 1.50x or better.\n \n\n New business awards of approximately $40 million in annualized sales at mature volumes.\n \n\n Quarterly cash dividend of $0.05 per share declared.\n \n\n\n\n\n OVERVIEW\n \n\n\n\n Pat D’Eramo, Chief Executive Officer, stated: “We are very pleased with our performance in the second quarter. Margins were notably higher compared to the first quarter, reflecting continued progress. Vehicle production volumes increased quarter over quarter, as inventories returned to a more normal level. We continue to execute well and are driving results through operating improvements and efficiencies, cost reductions, and ongoing investments in machine learning and other innovations that are enhancing productivity. On the trade front, USMCA-compliant auto parts are exempt from tariffs, which is positive for us and our industry. We have tariffs on some product that we get from our Tier 2 suppliers and from parts affected by steel and aluminum tariffs but, overall, our exp...