Last C$9.83 CAD
Change Today -0.10 / -1.01%
Volume 322.8K
MRE On Other Exchanges
Symbol
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As of 4:00 PM 11/20/14 All times are local (Market data is delayed by at least 15 minutes).

martinrea international inc (MRE) Snapshot

Open
C$9.89
Previous Close
C$9.93
Day High
C$9.96
Day Low
C$9.78
52 Week High
08/25/14 - C$14.70
52 Week Low
12/20/13 - C$6.91
Market Cap
832.8M
Average Volume 10 Days
989.5K
EPS TTM
C$0.64
Shares Outstanding
84.7M
EX-Date
12/29/14
P/E TM
15.4x
Dividend
C$0.12
Dividend Yield
1.22%
Current Stock Chart for MARTINREA INTERNATIONAL INC (MRE)

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martinrea international inc (MRE) Details

Martinrea International Inc. designs, manufactures, and sells metal parts, assemblies and modules, fluid management systems, and aluminum products primarily for the automotive sector in North America, Europe, and internationally. The company offers suspension and chassis metal components, including suspension and cross-members, 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: 11/10/14
Founded in 1987

martinrea international inc (MRE) Top Compensated Officers

Executive Chairman
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
Chief Technical Officer
Total Annual Compensation: C$846.2K
Consultant
Total Annual Compensation: C$825.0K
Compensation as of Fiscal Year 2013.

martinrea international inc (MRE) Key Developments

Martinrea International Inc. Declares Cash Dividend Payable on or About January 15, 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 December 31, 2014 on or about January 15, 2015.

Martinrea International Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Financial Guidance for the Fiscal 2015

Martinrea International Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net income of CAD 21,205,000, net income attributable to equity holders was CAD 21,205,000 or CAD 0.23 per basic and diluted share on sale of CAD 859,456,000 against net income of CAD 26,387,000, net income attributable to equity holders was CAD 20,973,000 or CAD 0.25 per basic and diluted share on sale of CAD 767,861,000 a year ago. Operating income of CAD 31,555,000 compared to CAD 39,574,000 a year ago. Income before income taxes was CAD 26,527,000 compared to CAD 34,543,000 a year ago. Net cash provided by operating activities was CAD 49,892,000 compared to CAD 31,904,000 a year ago. Purchase of property, plant and equipment were CAD 48,871,000 compared to CAD 46,023,000 a year ago. Adjusted net earnings attributable to equity holders of the company was CAD 19,384,000 or CAD 0.23 per basic and diluted share against adjusted net earnings attributable to equity holders of the company was CAD 20,973,000 or CAD 0.25 per basic and diluted share a year ago. For the nine months, the company reported net income of CAD 77,490,000, net income attributable to equity holders was CAD 59,383,000 or CAD 0.69 per basic and diluted share on sale of CAD 2,654,864,000 against net income of CAD 82,003,000, net income attributable to equity holders was CAD 68,375,000 or CAD 0.81 per basic and diluted share on sale of CAD 2,363,257,000 a year ago. Operating income of CAD 112,243,000 compared to CAD 121,189,000 a year ago. Income before income taxes was CAD 96,715,000 compared to CAD 107,462,000 a year ago. Net cash provided by operating activities was CAD 164,496,000 compared to CAD 83,235,000 a year ago. Purchase of property, plant and equipment were CAD 143,169,000 compared to CAD 142,519,000 a year ago. Adjusted net earnings attributable to equity holders of the company was CAD 60,554,000 or CAD 0.71 per basic share and CAD 0.71 per diluted share against adjusted net earnings attributable to equity holders of the company was CAD 68,375,000 or CAD 0.81 per basic and diluted share a year ago. Specifically for 2015, the company estimates total revenues will be between CAD 3.4 billion and CAD 3.6 billion with production revenues expected to increase year-over-year but tooling revenues expected to decrease. The company estimates overall operating income margins will improve in 2015 despite expected pre-operating costs at four new facilities in China, Mexico, Spain and Riverside, Missouri. This outlook excludes any unusual items and assumes no material acquisitions or divestitures, as well as no significant foreign exchange rate fluctuation from present rates. In summary, the future looks good. The tax rate guidance for 2015, expects between 20% and 25%. The CapEx guidance for 2015, expects CAD 180 million to CAD 190 million.

Martinrea International Inc. to Report Q3, 2014 Results on Nov 10, 2014

Martinrea International Inc. announced that they will report Q3, 2014 results at 5:00 PM, Eastern Standard Time on Nov 10, 2014

 

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Industry Analysis

MRE

Industry Average

Valuation MRE Industry Range
Price/Earnings 100.0x
Price/Sales 0.2x
Price/Book 1.5x
Price/Cash Flow 7.0x
TEV/Sales 0.0x
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