Helios Technologies Reports Strong Sequential Growth in the Second Quarter 2023 with Revenue Up 7% and Net Income Up 21%
Delivered strong sequential top line growth of 7%; growth excluding acquisitions was 6% over 1Q23 Expanded operating margin 140 basis points sequentially, even while increasing investments to integrate flywheel acquisitions, expand capacity and accelerate strategic growth initiatives Demonstrated focus on driving innovation with completed acquisition of i3 Product Development, custom engineering firm expands engineering expertise […]
The Manitowoc Company Reports Second-Quarter 2023 Financial Results; Raises Full-Year 2023 Guidance
Second-Quarter 2023 Highlights Net sales of $602.8 million, up 21.2% year-over-year Adjusted EBITDA(1) of $60.4 million, margin percentage of 10.0% Non-new machine sales of $150.4 million, up 8.1% year-over-year MILWAUKEE–(BUSINESS WIRE)–The Manitowoc Company, Inc. (NYSE: MTW) (the “Company” or “Manitowoc”) today reported second-quarter net income of $20.2 million, or $0.57 per diluted share. Second-quarter adjusted […]
Cepton, Inc. Reports Second Quarter 2023 Results
SAN JOSE, Calif.–(BUSINESS WIRE)– “We set new company records for shipment volumes across both automotive and smart infrastructure end markets during the second quarter,” said Jun Pei, Cepton’s Co-Founder and CEO. “Our strong execution capabilities while maintaining our commitment to quality and reliability will be key differentiating factors as our shipments continue to grow for […]
A Lesson in Labour Laws: CFIB says B.C. port strike a ‘case study in the need to rethink Canada’s labour laws’
Vancouver, British Columbia — The Canadian Federation of Independent Business (CFIB) issued a statement on the B.C. port workers’ strike last week, saying the work stoppage serves as a “case study in the urgent need to rethink Canada’s labour laws” to ensure the needs of the broader economy are met. The organization said that, while […]
Celebrating Stampede Season: CARSTAR Calgary McNight, Calgary Bowness join in on local Stampede parade and breakfast
Calgary, Alberta — Patricia Fahey and Robert Fahey, multi-store owners of CARSTAR Calgary McKnight and CARSTAR Calgary Bowness, were festive in July as they giddied their team up for the Stampede season. The pair united the teams from both of their stores to attend the Bowness Stampede Parade and breakfast that took place in July. […]
One Month Out: Last chance to register for SAAR’s Sept. 7 golf tournament; Fall conference registration open ‘til Sept. 1
Saskatoon, Saskatchewan — If you’re looking to secure your spot at the Saskatchewan Association of Automotive Repairers (SAAR) Fall golf event at Dakota Dunes, you’d better act quickly–registration closes this Friday, Aug. 11. The golf day, slated for Sept. 7, will kick off at noon with a burger lunch and shotgun start. Awards will be […]
Stand Up Speak Out: Who supplies tools for new apprentices?
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Eyes to Canada: Wawanesa to sell U.S. subsidiary for ‘focus efforts on home market in Canada’
Winnipeg, Manitoba — Wawanesa has entered an agreement to sell its U.S. subsidiary, Wawanesa General Insurance Company, to focus its efforts on the Canadian market, the insurer announced on Aug. 1. “We believe it’s the right time to concentrate on our home market,” said Jeff Goy, president and CEO of Wawanesa. Goy did not specify […]
Robotic Ratings: Audi implementing artificial intelligence to test spot weld quality
Berlin, Germany — Audi is using artificial intelligence (AI) to test its spot welds for quality control purposes. The automaker said so in a press release at the end of June, where it announced an AI system developed and tested at its site in Neckarslum, Germany, that’s designed for “quality control” of spot welds in […]
Full Fairway: Calgary’s Crash It golf tournament is sold out
Calgary. Alberta — If you’re looking to attend the Calgary, Alberta, Crash It golf tourney, you’ll need to take inspiration from the name to attend and literally crash it–the guest list is full for this year’s event at Blue Devil Golf Club Aug. 24. This highly anticipated event in the Alberta collision industry promises a […]
