Analysis on New Product Launches in COVID-19 Related Markets-Global Automotive Parking Heater Market 2020-2024 | Increase in Demand for Luxury Cars to Boost Market Growth | Technavio
LONDON–(BUSINESS WIRE)–#AutomotiveParkingHeaterMarket–The automotive parking heater market is expected to grow by 5.36 million units during 2020-2024. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. The impact can be expected to be significant in the first quarter but gradually lessen in subsequent quarters – with a limited impact […]
Analysis on New Product Launches in COVID-19 Related Markets-Global Automotive Lead-Acid Battery Market 2020-2024 | Evolving Opportunities with Amara Raja Batteries Ltd. and Camel Group Co. Ltd. | Technavio
LONDON–(BUSINESS WIRE)–#AutomotiveLeadacidBatteryMarket–The global automotive lead-acid battery market is expected to grow by USD 12.26 billion as per Technavio. This marks a significant market slowdown compared to the previous year’s growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. However, healthy growth is expected to continue throughout the forecast […]
Advance Auto Parts to Report First Quarter 2020 Results on May 19, 2020
RALEIGH, N.C.–(BUSINESS WIRE)–Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America that serves both professional installer and do-it-yourself customers, will report its first quarter 2020 results before the market opens on Tuesday, May 19, 2020. Interested parties can listen to the event via a webcast scheduled to begin at […]
Helios Technologies Reports First Quarter 2020 Results
Strong net sales in Q1 at $129.5 million $5 million headwind from COVID-19 Productivity improvements drove gross margin to 40.1%, up from 38.5% Solid profitability; goodwill impairment resulted in EPS loss of $(0.54) Non-GAAP cash EPS of $0.56 Adjusted EBITDA of $30.4 million, 23.5% margin on sales Proactive cost reductions initiated in anticipation of COVID-19 […]
Allison Transmission Announces First Quarter 2020 Results
Net Sales of $637 million Net Income of $139 million, 22% of Net Sales Adjusted EBITDA of $257 million, 40% of Net Sales Diluted EPS of $1.20 As of March 31, 2020, the company had $114 million of cash and cash equivalents and $595 million of available revolving credit facility commitments INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission Holdings […]
Iteris Reports Preliminary Record Financial Results for Fiscal 2020 Fourth Quarter and Definitive Agreement to Sell Its Agriculture and Weather Analytics Segment
Company Expects Fourth Quarter and Full Year Revenue to Increase Approximately 21% and 16% Respectively Conference Call Today at 1:30 p.m. PT SANTA ANA, Calif.–(BUSINESS WIRE)–$ITI #IoT–Iteris, Inc. (NASDAQ: ITI), the global leader in smart mobility infrastructure management, today announced preliminary revenue and operating income results for the period ending March 31, 2020. Fourth Quarter […]
Wabtec to Move to Virtual-Only Format for 2020 Annual Meeting
PITTSBURGH–(BUSINESS WIRE)–Wabtec Corporation (NYSE: WAB) announced today that due to continued public health precautions, including current restrictions on in-person gatherings as a result of the coronavirus (COVID-19) outbreak and to support the health and well-being of Wabtec shareholders, employees and the community, the Company’s 2020 Annual Meeting of Shareholders (Annual Meeting) has been changed to […]
Idelic Announces Partnership with Samsara
PITTSBURGH–(BUSINESS WIRE)–Today Idelic, the creator of the Idelic Safety Suite, the trucking industry’s leading driver management platform dedicated to improving fleet safety, announced its partnership with Samsara, a leader in Internet of Things (IOT) solutions. Through this partnership, customers using Idelic’s Safety Suite alongside Samsara technology will have the ability to automatically upload their ELD […]
Semiconductor Downturn to Continue Into 2020 Due to COVID-19 Impact; IDC Forecasts Worldwide Non-Memory Semiconductor Revenue to Decline 7.2% in 2020
SAN MATEO, Calif.–(BUSINESS WIRE)–#DRAM–Ahead of the COVID-19 virus, worldwide semiconductor revenue declined 12.2% in 2019 to $418 billion, according to the latest update to the Semiconductor Applications Forecaster (SAF) from International Data Corporation (IDC). The global economy in 2019 grew at its slowest pace since the global financial crisis in 2008 and US-China trade disputes […]
Car Connectivity Consortium Launches Its Digital Key Release 2.0 Specification
BEAVERTON, Ore.–(BUSINESS WIRE)–The Car Connectivity Consortium® (CCC) today announced that its Digital Key Release 2.0 specification is finalized and now available to CCC members. Digital Key is a standardized ecosystem that enables mobile devices to store, authenticate, and share Digital Keys for vehicles in a secure, privacy-preserving way that works everywhere. “Digital Key Release 2.0 […]
