Martinrea Reports Growth and Declares Dividend

Martinrea International Inc. (TSE:MRE) has released an update.

Martinrea International Inc. has reported an increase in first-quarter sales to $1,323.9 million, representing a growth of 1.5% year-over-year, alongside declaring a quarterly dividend of $0.05 per share. The company experienced a substantial quarter-over-quarter improvement with adjusted EBITDA of $162.8 million and net earnings per share of $0.56. Despite industry challenges, Martinrea’s operational performance remained strong with significant new business awards and a positive start to vehicle production volumes for the year.

For further insights into TSE:MRE stock, check out TipRanks’ Stock Analysis page.