Horizon Global Announces Review of Strategic Alternatives

PLYMOUTH, Mich.–(BUSINESS WIRE)–Horizon Global Corporation (NYSE: HZN), one of the world’s leading manufacturers of branded towing and trailering equipment, today announced that the Company’s Board of Directors has authorized the review of strategic alternatives to enhance shareholder value. Such strategic alternatives could involve a sale of a portion or the entirety of the business. “Our […]

Helios Technologies Drives Execution of Augmented Strategy to Deliver Net Sales Growth of 8% in the Second Quarter 2022 and 13% Year-to-Date with Top-Tier Operating Margins

Achieved 5% organic growth in 2Q22 and 9% YTD as strategy to diversify end markets and geographic breadth provides greater stability Manufacturing and operating strategy focused on improving efficiencies and leveraging global operating footprint delivering top-tier margins through tough macro conditions Achieved diluted EPS of $0.92 in the quarter; Diluted Non-GAAP Cash EPS of $1.18; […]

Trinseo Reports Second Quarter 2022 Financial Results and Updates Full-Year Outlook

Second Quarter 2022 and Other Highlights Net income from continuing operations of $37 million and diluted EPS from continuing operations of $1.00 Adjusted EBITDA* of $164 million, including a $33 million favorable impact from net timing, and Adjusted Net Income* of $66 million Cash used in operations of $83 million and capital expenditures of $32 […]

Allison Transmission Declares Quarterly Dividend

INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission Holdings Inc. (NYSE: ALSN) today announced that its Board of Directors has declared a cash dividend of $0.21 per share on the Company’s common stock for the third quarter of 2022. Payment will be made on August 31, 2022, to stockholders of record at the close of business on August 22, 2022. […]

Velodyne Lidar Reports Second Quarter 2022 Financial Results

– Revenue of $11.5 million and billings of $12.5 million SAN JOSE, Calif.–(BUSINESS WIRE)–Velodyne Lidar, Inc. (NASDAQ: VLDR, VLDRW), a leading lidar company known worldwide for its broad portfolio of breakthrough lidar technologies, today announced financial results for its second quarter, which ended June 30, 2022. “We saw strong customer traction in the second quarter […]

Vroom Announces Record Ecommerce Gross Profit Per Unit of $3,629

Substantial Progress on Long-Term Roadmap NEW YORK–(BUSINESS WIRE)–Vroom, Inc. (Nasdaq:VRM), a leading ecommerce platform for buying and selling used vehicles, today announced financial results for the second quarter ended June 30, 2022. HIGHLIGHTS OF SECOND QUARTER 2022 VERSUS FIRST QUARTER 2022 Ecommerce gross profit per unit of $3,629, up 106% SG&A expenses decreased $35.0 million […]

Cepton, Inc. Reports Second Quarter 2022 Results

SAN JOSE, Calif.–(BUSINESS WIRE)–$CPTN #automotive–Cepton, Inc. (“Cepton”) (Nasdaq: CPTN), a Silicon Valley innovator and leader in high-performance MMT® lidar solutions, today announced business updates and financials for the second quarter ended June 30, 2022. “We continue to meet our series production execution milestones,” said Jun Pei, Cepton’s Co-Founder and CEO. “In addition to achieving ASIL-B […]

Quanergy to Report Second Quarter 2022 Financial Results on August 11, 2022

SUNNYVALE, Calif.–(BUSINESS WIRE)–Quanergy Systems, Inc. (“Quanergy”), a leading provider of OPA-based solid state LiDAR sensors and smart 3D solutions for automotive and IoT, today announced that the Company will release its second quarter financial results for the period ended June 30, 2022, on Thursday, August 11, 2022 after the financial markets close. Management will also […]

Luminar Provides Q2 Update; Raises Guidance

Increasing Growth Rate for Major Commercial Program Wins and Order Book; Raising Revenue Guidance ORLANDO, Fla.–(BUSINESS WIRE)–Luminar (NASDAQ: LAZR), a leading global automotive technology company, announced its quarterly business update and financial results for the second quarter of 2022, ended June 30, 2022. The company reported $9.9 million of Q2 revenue, ahead of company expectations […]

HGreg Nissan Kendall Earns Double Recognition From Nissan – Nissan Award of Excellence, Nissan Global Award Winner 2022

Florida-based automotive group affirms its status as one of the country’s leaders in the Nissan dealership group in terms of service, sales, customer satisfaction and loyalty KENDALL, Fla.–(BUSINESS WIRE)–HGreg Nissan Kendall, under HGreg ownership since 2019, has earned two of the most prestigious awards within the Nissan family of dealerships – the Nissan Award of […]