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Martinrea International Inc. (TSE:MRE)
:MRE
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.37Last Year’s EPS
0.62Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 06, 2025
|% Change Since: -3.41%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong operational performance and free cash flow generation despite challenges such as revenue decline and weak EV volumes. The company is focused on operational efficiency and capital return to shareholders. However, geopolitical tensions and impairment charges pose significant challenges.Company Guidance
In the recent conference call, Martinrea provided detailed guidance on various financial metrics for 2025, despite the challenges faced in 2024. The company reported total revenues of just over $5 billion for 2024, with an adjusted EBITDA of $131.7 million in Q4, while maintaining a strong balance sheet with a net debt to adjusted EBITDA ratio under 1.5x. For 2025, Martinrea expects total sales to be between $4.8 billion and $5.1 billion and aims for an adjusted operating income margin of 5.3% to 5.8%. The company also projects strong free cash flow of $125 million to $175 million, excluding lease payments. Martinrea plans to reduce annual SG&A expenses by approximately $50 million over the next 12 to 18 months, while continuing to focus on operational improvements and strategic investments. The company remains committed to a balanced capital allocation strategy, including investments in the business, debt reduction, and prudent share buybacks.Safety Performance
Achieved a total recordable injury rate (TRIF) of 0.99, among the best in the industry for 2024.
Strong EBITDA Margin
Despite sales headwinds, the company's EBITDA margin percentage increased in 2024 compared to the previous year.
Capital Return to Shareholders
Repurchased over 5 million shares and maintained dividends, enhancing shareholder value.
Carbon Emissions Reduction
Reduced carbon emissions by 17% since 2019, progressing towards a 35% reduction goal by 2035.
Operational Improvements
Implemented advanced manufacturing technologies and machine learning to improve line performance and efficiency.
Free Cash Flow Generation
Generated free cash flow of $183.8 million in 2024, close to the record high of 2023.
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TSE:MRE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:MRE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 06, 2025 | C$7.92 | C$7.77 | -1.89% |
| Nov 12, 2024 | C$10.76 | C$9.60 | -10.82% |
| Aug 06, 2024 | C$10.41 | C$10.37 | -0.38% |
| May 02, 2024 | C$11.19 | C$11.77 | +5.20% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Martinrea International Inc. (TSE:MRE) report earnings?
Martinrea International Inc. (TSE:MRE) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is Martinrea International Inc. (TSE:MRE) earnings time?
Martinrea International Inc. (TSE:MRE) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:MRE EPS forecast?
TSE:MRE EPS forecast for the fiscal quarter 2025 (Q1) is 0.37.
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