Earnings Feed

WKHS

Industrial

Workhorse announced a definitive merger agreement with Motiv, aiming to create a leading North American medium-duty electric truck OEM.
The merger is expected to significantly strengthen the combined company's product portfolio, manufacturing capabilities, and dealer network.
Workhorse's management highlighted the strategic rationale of combining with Motiv to address market delays and delayed fleet adoption of EVs.
The transaction includes sale leaseback of the Union City manufacturing facility and a secured convertible note, providing near-term liquidity.
Post-merger ownership will be approximately 62.5% for Motiv's controlling investor, with Workhorse shareholders owning about 26.5%.
The merger aims to improve financial stability, reduce costs, and enable the combined entity to pursue future growth initiatives.

REVG

Industrial

Adjusted EBITDA for Q3 2025 was $64.1 million, a 66.1% increase year-over-year excluding the bus business impact.
Consolidated net sales for Q3 2025 were $644.9 million, up from $579.4 million in Q3 2024, excluding divested ENC transit bus sales, representing a 20.5% increase.
Recreational Vehicle segment sales rose 9.7% to $161.7 million, but adjusted EBITDA declined 13.8% due to dealer assistance, tariffs, and inflation.
Specialty Vehicles segment backlog stood at $4.3 billion, flat year-over-year, supporting strong future demand.
Specialty Vehicles segment sales increased 11.8% to $483.3 million, with adjusted EBITDA up 71.4% and margins improving by 370 basis points to 13.4%.
Trade working capital decreased by $56.6 million to $191.6 million, driven by lower inventory and increased customer advances.
Year-to-date cash from operations was $164.7 million, with net debt at $54 million and $36 million cash on hand.

Industrial

Scott Richardson confirmed that tailwinds from EV and hybrid vehicle growth are still present, especially in Europe.
Demand for EVs in China has slowed, but the future model launches in 2026 and beyond remain promising.
Celanese is maintaining a flexible portfolio to adapt to changing automotive powertrain demands.
The company sees long-term growth opportunities in EV-related applications, despite near-term demand fluctuations.

AIT

Industrial

EPS for Q4 was $2.80, up 5.9% year-over-year and beating guidance by nearly 5%.
Fiscal 2025 achieved record sales, EBITDA, and EPS with full year EPS growth of 4%, exceeding high-end guidance.
Fourth quarter sales increased 5.5% year-over-year, with organic daily sales up 0.2%, reversing prior declines.
Free cash flow reached a record $465 million, up 34% year-over-year, supporting $560 million in capital deployment including acquisitions and share buybacks.
Gross margins expanded nearly 50 basis points, surpassing 30% for the first time in company history.
Net leverage ended at 0.3x EBITDA, slightly higher than prior year but stable.
Reported EBITDA margin declined 73 basis points year-over-year to 12.5%, impacted by higher AR provisioning and LIFO expense.
Service Center segment sales declined 0.4% organically, while Engineered Solutions segment sales grew 1.8% organically.