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