Kimball Electronics Wins Highest Customer Ratings in Seven Categories of CIRCUITS ASSEMBLY’S 2024 Service Excellence Awards
JASPER, Ind.–(BUSINESS WIRE)–Kimball Electronics, Inc. (Nasdaq: KE) was honored for achieving the Highest Overall Customer Ratings in seven categories of CIRCUITS ASSEMBLY’S 2024 Service Excellence Awards: Dependability/Timely Delivery, Manufacturing Quality, Responsiveness, Technology, Value for the Price, Flexibility, and Overall Satisfaction. CIRCUITS ASSEMBLY, a leading industry publication covering the mixed-technology electronics assembly marketplace, recognized companies that […]
New and Used Vehicle Markets Stabilizing, According to Open Lending Analysis
Automotive lending enablement provider releases data on national and regional vehicle registrations in the near- and non-prime market for Q2 2024 AUSTIN, Texas–(BUSINESS WIRE)–Open Lending Corporation (NASDAQ: LPRO) (“Open Lending” or the “Company”), an industry trailblazer in automotive lending enablement and risk analytics solutions for financial institutions, just released a new Near- and Non-Prime Consumer […]
Faraday Future Reports Financial Results for Third Quarter 2024
Strategic FX Second Brand Launch, Completion of Strategic Realignment, and Significant Middle East Expansion Mark Transformative Quarter. Successfully Secured and Closed on $30 Million Financing. Regained Full Nasdaq Compliance. FX Brand Launch Targets Mass Market with Models Targeted in $20,000-$50,000 Range with Potential Roll Off the Assembly Line by the End of 2025, Subject to […]
Cummins Celebrates Reopening Its Worldwide Technical Center Hub Office Tower in Columbus, Indiana
COLUMBUS, Ind.–(BUSINESS WIRE)–Cummins Inc. (NYSE: CMI) celebrated the reopening today of its worldwide technical center hub office tower in Columbus, Indiana. The office tower at the Cummins Technical Center (CTC) on McKinley Avenue had been under renovation since 2021. After having been mainly untouched, except for minor cosmetic improvements and flood restoration, since its original […]
EnerSys Reports Second Quarter Fiscal 2025 Results
Delivers Gross Margin of 28.5%, up 190 Basis Points From Prior Year Second Quarter Fiscal 2025 Highlights (All comparisons against the second quarter of fiscal year 2024 unless otherwise noted) Delivered net sales of $884M, down 2%, with strength in Motive Power offset by continued pressure in Communications and Class 8 Transportation Energy Systems improving […]
Kimball Electronics Reports Q1 Results and Confirms Guidance for Fiscal Year 2025, Company Continues to Sharpen Its Strategic Focus With Closure of Its Manufacturing Facility in Tampa, FL
First Quarter Fiscal 2025 Highlights Net sales totaled $374.3 million Operating income of $9.1 million, or 2.4% of net sales, adjusted operating income of 3.4% Cash generated by operating activities of $45.5 million, borrowings on credit facilities reduced to 2-year low Company continues to sharpen its strategic focus by completing the divestiture of the Automation, […]
STRATTEC SECURITY CORPORATION Reports Fiscal 2025 First Quarter Financial Results
Generated cash from operations of $11.3 million Reduced pre-production costs, primarily customer tooling, by $6.9 million Grew revenue 2.7% year-over-year, reflecting ongoing pricing benefit and higher overall sales Achieved gross margin of 13.6% versus 13.8% in prior-year period (which included a 470 bps net benefit of one-time pricing) Rethinking product portfolio and identifying opportunities to […]
Faraday Future’s FX Brand Continues Its Ramp Up as It Kicks Off Hiring for Key Positions
LOS ANGELES–(BUSINESS WIRE)–Faraday Future Intelligent Electric Inc. (Nasdaq: FFIE) (“FF”, “Faraday Future”, or the “Company”), a California-based global shared intelligent electric mobility ecosystem company, today announced that it has begun hiring for key positions for its second brand, Faraday X (FX), as it furthers its plans to realize its goal of launching its initial products […]
DIVERSIFY TO THRIVE
The key to success in today’s world of collision repair In an era where electric vehicles (EVs) are speeding ahead and advanced driver assistance systems(ADAS) are setting new industry standards, collision repair shops stand at a pivotal moment. The key tostaying competitive and relevant? Diversifying their services to embrace these technological advancements. Picture a bustling […]
DEFINING ACCOUNTABILITY
Blame game or recipe for betterment? By ALLISON ROGERS What is accountability? I recently ran into a statistic online that suggested a startling 80 percent of people understand accountability in the workplace to be synonymous with punishment. Accountability, when you look up the definition of the word, is “the obligation or willingness to accept responsibility […]
