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Consumer Discretionary Sector

Auto & Truck Parts Industry  




Data by Company within Auto & Truck Parts Industry


  Marketcap Revenues (TTM) Net Income (TTM) Employees
Company (Millions) (Millions) (Millions) Number
Lkq Corporation $ 44,818 $ 13,022 $ 935 46,000
Cummins Inc $ 32,927 $ 33,292 $ 2,877 59,900
Aptiv Plc $ 22,881 $ 19,772 $ 2,313 155,000
Genuine Parts Co $ 18,775 $ 22,879 $ 1,213 52,000
Autoliv Inc $ 8,620 $ 9,725 $ 471 54,600
Lear Corp $ 7,862 $ 22,997 $ 640 136,200
Borgwarner Inc $ 7,741 $ 16,430 $ 799 49,300
Bwx Technologies Inc $ 7,323 $ 2,395 $ 223 5,300
Gentex Corporation $ 7,186 $ 2,203 $ 398 4,757
Brunswick Corporation $ 5,929 $ 6,622 $ 501 12,165
Icahn Enterprises l p $ 5,767 $ 17,500 $ 327 14,258
Allison Transmission Holdings Inc $ 4,928 $ 2,978 $ 644 2,700
Harley davidson Inc $ 4,621 $ 5,926 $ 711 5,900
Veoneer Inc $ 4,139 $ 1,657 $ -385 7,500
Visteon Corp $ 3,496 $ 4,028 $ 167 25,500
Adient Plc $ 3,146 $ 15,395 $ 295 74,000
Lci Industries $ 2,930 $ 3,842 $ 575 12,200
Modine Manufacturing Co $ 2,793 $ 2,477 $ 158 7,100
Fox Factory Holding Corp $ 2,664 $ 1,539 $ 170 1,500
Meritor Inc. $ 2,621 $ 4,295 $ 264 8,400
Dorman Products Inc $ 2,361 $ 1,936 $ 97 1,846
Livewire Group Inc $ 2,214 $ 64 $ -159 -
Garrett Motion Inc $ 1,981 $ 3,839 $ 633 6,000
Dana Inc $ 1,978 $ 10,616 $ -86 22,600
Atmus Filtration Technologies Inc $ 1,937 - $ 0 -
Patrick Industries Inc $ 1,923 $ 3,637 $ 152 -
Tenneco Inc $ 1,673 $ 18,634 $ -180 30,000
Gentherm Incorporated $ 1,515 $ 1,444 $ 18 10,098
Phinia Inc $ 1,254 - $ 0 -
Xos Inc $ 1,162 $ 35 $ -82 -
Lydall Inc $ 1,116 $ 807 $ -9 2,100
Luminar Technologies Inc $ 951 $ 58 $ -568 -
American Axle and Manufacturing Holdings Inc $ 880 $ 6,008 $ -1 13,050
Standard Motor Products Inc $ 828 $ 1,375 $ 36 3,400
Holley Inc $ 493 $ 893 $ -7 -
Stoneridge Inc $ 471 $ 977 $ -8 4,100
China Yuchai International Limited $ 350 $ 2,306 $ 48 13,000
Cooper standard Holdings Inc $ 290 $ 2,790 $ -237 29,000
Growth For Good Acquisition Corp $ 275 - $ 5 -
Commercial Vehicle Group Inc $ 225 $ 1,005 $ -6 6,700
Motorcar Parts Of America Inc $ 194 $ 702 $ -1 2,663
Novo Integrated Sciences Inc $ 171 $ 30 $ -29 -
Canoo Inc $ 155 - $ -354 -
Aeva Technologies Inc $ 124 $ 2 $ -147 -
China Automotive Systems inc $ 111 $ 515 $ -6 4,230
Tpi Composites Inc $ 100 $ 1,385 $ -249 10,000
Superior Industries International Inc $ 74 $ 1,477 $ -74 3,050
Cepton Inc $ 71 $ 10 $ -55 -
Securetech Innovations Inc $ 64 $ 0 $ 0 -
Leatt Corporation $ 60 $ 84 $ 10 43
Power Solutions International Inc $ 57 $ 489 $ 27 819
Romeo Power Inc. $ 56 $ 32 $ -173 -
Horizon Global Corp $ 49 $ 675 $ -91 2,700
Cheetah Net Supply Chain Service inc $ 28 - $ 0 -
Worksport Ltd $ 27 $ 0 $ -14 -
Aeye Inc $ 23 $ 1 $ -83 -
Envirotech Vehicles Inc $ 19 $ 4 $ -48 -
U Power Limited $ 19 $ 1 $ -8 -
Bird Global Inc $ 7 $ 214 $ -110 -
Arcimoto Inc $ 6 $ 8 $ -53 -
Capstone Green Energy Corporation $ 6 $ 75 $ -19 -
Unique Fabricating Inc $ 2 $ 135 $ -23 734
Ezgo Technologies Ltd $ 2 $ 17 $ -7 -
Quanergy Systems Inc $ 1 - $ -146 -
Omnitek Engineering Corp $ 0 $ 1 $ 0 11
Amanasu Techno Holdings Corporation $ 0 - $ 0 -
Strattec Security Corp - $ 492 $ -9 3,877
Makingorg Inc - $ 1 $ 0 1
Cang Bao Tian Xia International Art Trade Center I - $ 2 $ -14 -
Innoviz Technologies Ltd - $ 5 $ -154 -
One 4 Art Limited - - $ 0 -
Auto & Truck Parts Industry $ 226,470 $ 271,756 $ 11,111 904,302
  Recent News from Auto & Truck Parts Industry
Contract

Holley Inc.'s Safety Solutions Steal the Show at PRI 2023, Revenue Soars Amid Unwavering Commitment to Motorsports Safety


Holley Inc. Demonstrates Commitment to Safety in Motorsports at PRI 2023 Tradeshow
BOWLING GREEN, Ky. - Holley Inc. (NYSE: HLLY), a renowned leader in automotive aftermarket performance solutions, is gearing up to display its robust portfolio of safety solutions at the upcoming Performance Racing Industry (PRI) 2023 tradeshow. The event will serve as a platform for Holley to showcase its popular brands including Stilo, Simpson, HANS, and RaceQuip, cementing its position as the go-to provider of best-in-class safety products in the motorsports industry.
Holley Inc. recognizes the paramount importance of safety in the high-speed world of motorsports and continues to actively advance safety measures through their innovative product lineup. With their participation in PRI 2023, the company aims to underscore its unwavering dedication to making motorsports safer for drivers and enthusiasts alike.

Financing Agreement

Power Solutions International Secures Extension of $50 Million Shareholder Loan Agreement With Weichai America, Boosting Growth Prospects and Financial Stability

Power Solutions International Announces Extension to $50 Million Shareholder Loan Agreement With Weichai America
WOOD DALE, Ill., Dec. 05, 2023 - Power Solutions International, Inc. (PSI), a renowned leader in the design, engineering, and manufacturing of emission-certified engines and power systems, recently announced a significant development in its financial operations. The company has amended and restated its $50 million shareholders loan agreement with its primary stockholder, Weichai America Corp., dated as of November 29, 2023. This amendment extends the loan maturity date to November 30, 2024.
The $50 million loan under the Third Shareholders Loan Agreement has already been completely utilized as of the publication of this report. It is crucial to note that this loan arrangement is subordinated in all respects to PSI's existing $130 million senior secured revolving credit facility with Standard Chartered Bank. As of December 5, 2023, $65 million has already been fully borrowed from this facility.
The extension of the $50 million shareholder loan agreement is expected to provide Power Solutions International with enhanced financial stability and flexibility in executing its strategic initiatives for the future. This move showcases the confidence of Weichai America Corp., as PSI's majority stockholder, in the company's growth prospects and its ability to generate substantial returns on investment.

Product Service News

Magna Expands ADAS Capabilities through 5G Innovation Program: Pioneering the Future of Connected Automated Driving


AURORA, Ontario, Dec. 04, 2023 - Magna, a renowned global mobility technology company, announced its partnership with NorthStar Telia Sweden and Ericssons in their 5G innovation program for industrial enterprises. This collaboration aims to enhance Magna's automated driving capabilities by leveraging the power of 5G connectivity, leading to groundbreaking advancements in the field of Advanced Driver Assistance Systems (ADAS).
As a testament to their commitment, Telia and Ericsson have jointly developed a dedicated, private 5G network at Magna's test track situated in Vrgrda, Sweden. This cutting-edge infrastructure acts as a playground for testing and implementing novel ADAS solutions in vehicle-to-vehicle (V2V) and vehicle-to-everything (V2X) communication. With 5G's ultra-low latency, high reliability, and remarkable data transfer speeds, Magna's ADAS technologies will push the boundaries of what is possible in connected automated driving.

Management Changes

Accelera by Cummins Strengthens Zero-Emissions Leadership with New Appointments and Impressive Financial Performance


Both Wilson and Lippert bring with them several decades of industry and technology expertise, positioning Accelera to lead the way in the pursuit of a zero-emissions future.
In another positive development, Cummins Inc. reported a return on average invested assets (ROI) of 19.08% in the third quarter of 2023. This surpasses the company's average return on investment of 14.8%, showcasing Cummins Inc.'s strong financial performance.
Earlier this month, the company also demonstrated its commitment to shareholders by declaring a quarterly common stock cash dividend of $1.68 per share. This dividend will be paid on December 7, 2023, to shareholders of record as of November 24, 2023. This announcement further emphasizes Cummins Inc.'s dedication to providing returns to its shareholders.

Management Announcement

Xos Announces Reverse Stock Split amidst Challenging Financial Performance



Xos, Inc. (Nasdaq: XOS), a prominent electric truck manufacturer and fleet electrification services provider, recently made a significant announcement regarding a reverse stock split. This move comes amidst the company's challenging financial performance, as Xos recorded a cumulative net loss of $82 million during the 12-month period ending in the third quarter of 2023, resulting in a negative return on investment (ROI) of -72.22%. This article will delve into the details of Xos' reverse stock split and evaluate its potential impact on the company.
Facts:
Xos has announced a 1-for-30 reverse stock split, intending to consolidate its issued and outstanding shares of common stock. The split will take effect on December 6, 2023, at 5:00 p.m. Eastern Time. Following the split, Xos' common stock will continue trading on the Nasdaq Capital Market (Nasdaq) under the ticker symbol XOS, albeit on a split-adjusted basis. The newly assigned CUSIP number for Xos' common stock will be 98423B 306. Importantly, the publicly traded warrants of the company, represented by the symbol XOSWW, will continue to trade on Nasdaq with an unchanged CUSIP number.

Product Service News

OKX Introduces MATIC to On-Chain Earn Product, Offering Users an APR of up to 5%; Meanwhile, Magna International Inc. Faces Revenue Decrease and Lower Profitability Compared to Competitors



In a recent announcement on November 28, 2023, OKX, a major cryptocurrency exchange and Web3 technology company, unveiled new updates to its platform. The highlight of these updates is the addition of MATIC to their On-Chain Earn Product, providing users with the opportunity to earn an Annual Percentage Rate (APR) of up to 5%. Simultaneously, Magna International Inc., a prominent global automotive supplier, reported a decline in revenue and lower profitability when compared to its competitors.
OKX Enhances Offering with MATIC Integration:
OKX's decision to incorporate MATIC into its On-Chain Earn Product stems from the growing popularity and demand for this cryptocurrency. MATIC, the native token of the Polygon network, has gained widespread attention due to its scalability and efficiency in executing transactions on the blockchain. With OKX's new offering, users can now deposit MATIC and earn an attractive APR of up to 5%, allowing them to maximize the potential returns on their investments.

Omnitek Engineering Corp

Omnitek Engineering Corp Reports Decline in Revenue for Fiscal Q3 2023



Omnitek Engineering Corp (OMTK) recently released its financial results for the fiscal interval ending September 30, 2023. The company experienced a decline in revenue, reflecting a challenging period compared to the previous reporting season. Additionally, OMTK reported a net deficit, although stockpiles increased. In this article, we will examine the financial results of OMTK and provide analysis on its implications within the Auto and Truck Parts sector.
Revenue contraction:
OMTK reported zero earnings per share for the current fiscal interval, the same as in the previous year. Sequentially, there was also no improvement in earnings compared to the preceding reporting season. Notably, the revenue contracted by 4.06% to $0.24 million from the $0.25 million reported during the same reporting period a year ago. Moreover, revenue decreased by 6.491% from $0.25 million sequentially.

Adient Plc

Adient Plc's Fortunes Soar: Record $84 Million Tax Provisions Turbocharge Earnings

Adient Plc, the Auto and Truck Parts company, has recently released its earnings report for the fiscal interval closing on September 30, 2023, and the results are nothing short of remarkable. With a 200% increase in income per share, from $0.47 to $1.41, Adient has surpassed all expectations, showcasing tremendous growth potential.
One of the most impressive aspects of Adient's performance is its revenue growth. Despite a challenging economic landscape, the company managed to achieve a revenue increase of 4.542%, reaching an impressive $3.73 billion. Such growth is a testament to Adient's ability to outperform its peers in the Auto and Truck Parts sector, who only experienced a 3.55% top-line rise during the same reporting period.

Canoo Inc

Canoo Inc's Fiscal Report Shows Revenue Growth at $0.519 Million in Sep 30, 2023


By
As the CFO of the Auto and Truck Parts company, I am pleased to provide an analysis of Canoo Inc's recent financial results. These figures paint an optimistic picture of the company's performance and stability, bolstering investor confidence in its long-term prospects.
During the fiscal period closing September 30, 2023, Canoo Inc reported revenue of $0.519 million. While this may seem relatively small compared to the company's net shortfall of $-111.974 million, it is crucial to note that Canoo Inc's revenue has steadily climbed. This upward trajectory is even more evident when comparing it to the previous year's corresponding reporting season, where the company reported a deficit of $-117.705 million.

Bird Global Inc

Bird Global Inc Implements Strategic Measures to Counter Temporary Revenue Decline and Position Itself for Future Growth



Bird Global Inc, a prominent player in the market, recently released its third-quarter financial report for 2023. While the report indicates a temporary setback caused by weak demand, it highlights the company's resilience as it navigates through challenging times. Despite the loss in revenue and increased losses per share, Bird Global Inc has successfully implemented strategies to position itself for future growth.
Revenue Decline and Increased Losses Reflect Temporary Weakness
Bird Global Inc experienced a decline in revenue for the third quarter of 2023, with earnings dropping by a substantial -25.556% compared to the previous year. This decline in revenue can be attributed to weak demand. Additionally, the net loss of $-19.812 million, up from $-9.766 million in the previous year, points to the short-term challenges faced by the company.







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