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Last C$12.58 CAD
Change Today -0.05 / -0.40%
Volume 1.0M
MRE On Other Exchanges
Symbol
Exchange
Toronto
OTC US
Frankfurt
As of 4:00 PM 03/31/15 All times are local (Market data is delayed by at least 15 minutes).

martinrea international inc (MRE) Snapshot

Open
C$12.61
Previous Close
C$12.63
Day High
C$12.66
Day Low
C$12.48
52 Week High
08/25/14 - C$14.70
52 Week Low
01/14/15 - C$8.95
Market Cap
1.1B
Average Volume 10 Days
627.6K
EPS TTM
C$0.97
Shares Outstanding
84.9M
EX-Date
04/15/15
P/E TM
13.0x
Dividend
C$0.12
Dividend Yield
0.95%
Current Stock Chart for MARTINREA INTERNATIONAL INC (MRE)

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martinrea international inc (MRE) Details

Martinrea International Inc. designs, engineers, manufactures, and sells metal parts, assemblies and modules, and fluid management systems primarily for the automotive sector in North America, Europe, and internationally. The company offers suspension and chassis metal components, including suspension and cross-members, assemblies, suspension lines and arms, hot-stamped structural products, and hitch and bumper assemblies; and body and structure metal components comprising body structure - cross-members and rail assemblies, structural BIW components, underbody stampings and assemblies, hot-stamped structural products, and assemblies. It also provides aluminum components for engine, transmission, suspension, and body-in-white applications, including engine blocks, cylinder heads, oil pans, cylinder head covers, etc.; transmission housings for trucks and passenger cars, intermediate housings and plates, axle transmission housings, etc.; sub-frames, trailing arms and side members, cross-members, swivel bearings, wheel carriers, etc.; space frame components, structural parts, longitudinal beams, etc.; and heat sinks, extrusion profiles for engineering, and rolled sheets and plates. In addition, the company offers chassis modules comprising front and rear suspension modules, and front vertical corner modules; fluid handling systems, such as fuel tanks, fuel fillers, fuel and brake lines and bundles, powertrain lines, ECO and TCO lines, and steering lines; air handling systems, including muffler and exhaust assemblies, heater core inlet/outlet assemblies, DPS lines, EGR tubes, and AC lines; and fabricated assemblies, such as bus frames, tubular assemblies, laser cut parts, tanks and reservoirs, AC panels, and ATV components. It also serves customers in non-automotive areas, including transit, agriculture, air conditioning systems, recreational vehicles, and the military supply base sectors. The company was founded in 1987 and is headquartered in Vaughan, Canada.

14,000 Employees
Last Reported Date: 03/19/15
Founded in 1987

martinrea international inc (MRE) Top Compensated Officers

Executive Chairman and Chairman of Martinrea ...
Total Annual Compensation: C$725.0K
Chief Financial Officer
Total Annual Compensation: C$282.3K
Executive Vice President of Business Developm...
Total Annual Compensation: C$350.0K
Compensation as of Fiscal Year 2013.

martinrea international inc (MRE) Key Developments

Martinrea International Inc. Declares Cash Dividend, Payable on or About April 30, 2015

Martinrea International Inc. announced that a cash dividend of $0.03 per share has been declared by the Board of Directors payable to shareholders of record on April 17, 2015 on or about April 30, 2015.

Martinrea International Inc. Reports Audited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Reaffirms Earnings Guidance for the First Quarter of 2015

Martinrea International Inc. reported audited earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported operating income of $19,657, net income of $11,926 and net income attributable to shareholders of $11,921 or $0.14 per basic and diluted share on sales of $943,781 against operating loss of $15,952, net loss of $44,074 and net loss attributable to shareholders of $51,425 or $0.61 per basic and diluted share on sales of $858,624 reported for the same period a year ago. The company reported adjusted operating income of $33,944, adjusted EBITDA of $67,935 and adjusted net income attributable to shareholders of $22,832 or $0.27 per basic and diluted share against adjusted operating income of $26,195, adjusted EBITDA of $56,962 and adjusted net income attributable to shareholders of $14,067 or $0.17 per basic and diluted share reported a year ago. The total overall increase in sales was driven by increases in the company's North America and Rest of the World operating segments, partially offset by a year-over-year decrease in sales in Europe. Adjusted net income for the fourth quarter of 2014, as compared to the fourth quarter of 2013, was positively impacted by the following: higher gross profit from an overall increase in year-over-year production sales including the launch of new programs subsequent to or during the fourth quarter of 2013; productivity and efficiency improvements at certain operating facilities in particular in the Company's U.S. Metallic operations; a year-over-year decrease in research and development expense due generally to the timing of expenditures, partially offset by an increase in the amortization of development costs (which is included in total research and development expense) as previously noted; and the inclusion of 100% of the net earnings from Martinrea Honsel after the Company purchased the 45% non-controlling interest of the group on August 7, 2014. Additions to property, plant and equipment were $67,424 against $46,546 a year ago. For the year, the company reported operating income of $131,900, net income of $89,416 and net income attributable to shareholders of $71,304 or $0.83 per diluted share on sales of $3,598,645 against operating income of $105,237, net income of $37,929 and net income attributable to shareholders of $16,950 or $0.20 per basic and diluted share on sales of $3,221,881 reported for the same period a year ago. The company reported adjusted operating income of $147,748, adjusted EBITDA of $270,370 and adjusted net income attributable to shareholders of $83,386 or $0.98 per diluted share against adjusted operating income of $147,384, adjusted EBITDA of $255,889 and adjusted net income attributable to shareholders of $82,442 or $0.97 per diluted share reported a year ago. The total overall increase in sales was driven by increases in the company's North America and Europe operating segments, partially offset by a year-over-year decrease in sales in the Rest of the World. Adjusted net income for the year ended December 31, 2014, as compared to the year ended December 31, 2013, was positively impacted by the following: higher gross profit from an overall increase in year-over-year production sales including the launch of new programs subsequent to or during 2013; productivity and efficiency improvements at certain operating facilities; improved pricing on certain long-term customer contracts in the Company's European operations; and the inclusion of 100% of the net earnings from Martinrea Honsel after the Company purchased the 45% non-controlling interest of the group on August 7, 2014. Additions to property, plant and equipment were $203,801 against $189,065 a year ago. The company reaffirms previously announced guidance that it expects to generate revenues for the first quarter of 2015, excluding tooling revenues, in the range of $860 to $900 million, and generate earnings per share in the range of 31 to 35 cents per share.

Martinrea International Inc. to Report Fiscal Year 2014 Results on Mar 19, 2015

Martinrea International Inc. announced that they will report fiscal year 2014 results at 5:00 PM, Eastern Standard Time on Mar 19, 2015

 

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Industry Analysis

MRE

Industry Average

Valuation MRE Industry Range
Price/Earnings 13.9x
Price/Sales 0.3x
Price/Book 1.7x
Price/Cash Flow 5.3x
TEV/Sales 0.1x
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