Mexican Media Brands
Shiloh Industries’ Quarterly Revenue Surges 27%
Lightweighting expert Shiloh Industries Inc. reports its revenue in the fiscal third quarter ended July 31 jumped to $275 million from $216 million a year earlier.
#economics
Share
Lightweighting expert Shiloh Industries Inc. reports its revenue in the fiscal third quarter ended July 31 jumped to $275 million from $216 million a year earlier.
Gross profit for the Ohio-based supplier fell 9% to $2 million. Earnings before interest, taxes, depreciation and amortization was $16 million compared with $17 million in the same period of 2014. But reduced scrap metal pricing and a sharp jump in taxes cut net income to $2 million from $8 million.
Shiloh notes it launched or gained production approval for 146 new programs in May-July, up from 61 a year earlier. Roughly half the revenue gain will come from new business with European premium carmakers, according to the company.
RELATED CONTENT
-
On Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future
-
on the Genesis GV60 interior, EV sales in H1, Bentley Bentayga's wood work, Faurecia's advanced manufacturing & more
The strange glowing orb in the Genesis GV60. . .global EV sales in the first half. . .creating wood for the Bentayga interior. . .the importance of material handling at Faurecia. . .lux ATPs. . .fast Porsche. . .fast Lambo. . .the Avalon Hybrid. . .Silverado steel. . .
-
Achieving Efficiency?
A look at on-road fuel economy changes over 92 years.