Automotive Manufacturing

Ingevity reports first quarter 2024 financial results

Retrieved on: 
Wednesday, May 1, 2024
Other Construction & Property, Agriculture, Natural Resources, Other Manufacturing, Other Transport, Construction & Property, Oil, Gas, Steel, Packaging, Energy, Chemicals, Plastics, Transport, Automotive Manufacturing, Aerospace, Manufacturing, Sustainability, Environment, Appendix, Elastomer, Agrochemical, Corporation, Lubricant, Webcast, Carbon, Plant, Weakness, EPS, APT, Adhesive, GAAP, Industrial

Ingevity Corporation (NYSE: NGVT) today reported its financial results for the first quarter 2024.

Key Points: 
  • Ingevity Corporation (NYSE: NGVT) today reported its financial results for the first quarter 2024.
  • The company will host a live webcast on Thursday, May 2, at 10:00 a.m. (Eastern) to discuss first quarter 2024 fiscal results.
  • Use of non-GAAP financial measures: This press release includes certain non‐GAAP financial measures intended to supplement, not substitute for, comparable GAAP measures.
  • Reconciliations of non‐GAAP financial measures to GAAP financial measures are provided within the Appendix to this press release.

Universal Robots Emerges as Preferred Robotics Platform for AI Solutions at Automate 2024

Retrieved on: 
Wednesday, May 1, 2024
Hardware, Semiconductor, Automotive Manufacturing, Aerospace, Manufacturing, Photography, Technology, Robotics, Audio, Video, Apps, Applications, Other Manufacturing, Machinery, Machine Tools, Metalworking & Metallurgy, Mobile, Wireless, Engineering, Education, UR, Automation, Safety, Stock, AI, Teaching, Musiktheater im Revier, Artificial intelligence, Motion, BIN, Welding, Universal Robots, Deep learning, NVIDIA, Multimedia, Student, Ecosystem, Medical device

(Photo: Business Wire)

Key Points: 
  • (Photo: Business Wire)
    “We are entering an era of intelligent automation where robots can learn from and adapt to their surroundings in real-time,” says Ujjwal Kumar, Group President of Teradyne Robotics, parent company of Universal Robots (UR).
  • Teradyne Robotics has collaborated closely with NVIDIA incorporating the AI capabilities into UR’s soon-to-be-released PolyScope X operating software as a foundation for developments.
  • “As we continue to develop in-house physical AI capabilities, developers have also been turning to us as the preferred robotics platform for AI solutions,” says Kumar, highlighting how many AI-driven partner solutions will be on display at Automate.
  • “Throughout Automate, we look forward to meeting and interacting with existing and future customers,” says Teradyne Robotics’ Ujjwal Kumar.

ARC Strengthens Leadership Team, Appoints Tesla Veteran Greg White President of Manufacturing Operations

Retrieved on: 
Wednesday, May 1, 2024
Professional Services, Automotive Manufacturing, Other Construction & Property, Manufacturing, Finance, Construction & Property, Other Manufacturing, Acquisition, Culture, White, Tesla Model S, J. B. Straubel, Manufacturing operations, Growth

ARC (American Revitalization Company), a real estate and business development company committed to preserving historic properties, today named Greg White, a Tesla veteran, President of Manufacturing Operations.

Key Points: 
  • ARC (American Revitalization Company), a real estate and business development company committed to preserving historic properties, today named Greg White, a Tesla veteran, President of Manufacturing Operations.
  • With this strategic move, ARC strengthens its operational capabilities and advances its mission of revitalizing American legacy manufacturing facilities.
  • White will spearhead critical initiatives, including supporting due diligence activities for acquisition opportunities, overseeing manufacturing operations across ARC's portfolio of facilities and providing essential operational support from acquisition transition to ongoing business growth.
  • White brings a wealth of expertise to his new position, having 35 years of manufacturing experience in leadership roles at Natera, Tesla and Toyota.

Li-S Energy Next Generation Batteries Pass Critical Safety Tests

Retrieved on: 
Wednesday, May 1, 2024
Technology, Engineering, Automotive Manufacturing, Aerospace, Manufacturing, Alternative Energy, Energy, Batteries, Hardware, Multimedia, Fire, ASX, Cell, LIS, Safety, Electric battery

View the full release here: https://www.businesswire.com/news/home/20240501670931/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240501670931/en/
    The nail penetration tests were performed on multi-layer 2.5Ah lithium sulfur cells built on the company’s Phase 2 micro-production line.
  • Nail penetration tests involve penetrating the battery cell with a steel nail under precise conditions in a blast proof test chamber.
  • This is nearly double the gravimetric energy density and comparable for volumetric energy density to current lithium-ion batteries.
  • Li-S Energy CEO Dr Lee Finniear said: “Amid growing public concern about the safety of lithium-ion batteries and battery fires, delivering a safe battery is vitally important.

Cepton, Inc. Announces First Quarter 2024 Earnings Release and Conference Call Date

Retrieved on: 
Wednesday, May 1, 2024
Technology, Automotive, Other Technology, Automotive Manufacturing, Manufacturing, Software, Hardware, Autonomous Driving, Vehicles, Artificial Intelligence, Webcast

Cepton, Inc. (“Cepton”) (Nasdaq: CPTN), a Silicon Valley innovator and leader in high performance lidar solutions , announced today it will provide a business update and release its financial results for the first quarter of 2024 following the close of the market on Monday, May 13, 2024.

Key Points: 
  • Cepton, Inc. (“Cepton”) (Nasdaq: CPTN), a Silicon Valley innovator and leader in high performance lidar solutions , announced today it will provide a business update and release its financial results for the first quarter of 2024 following the close of the market on Monday, May 13, 2024.
  • Cepton will hold a conference call and webcast at 2:30 p.m. PT (5:30 p.m.
  • ET) that same day.

Blue Bird Extends Exclusive Clean School Bus Collaboration with Ford Component Sales and ROUSH CleanTech to 2030

Retrieved on: 
Wednesday, May 1, 2024
EV, Electric Vehicles, Alternative Vehicles, Fuels, Energy, Public Transport, Transportation, Other Education, Automotive, Travel, Education, Automotive Manufacturing, Transport, Manufacturing, EPA, V8, Heart, Forrest Bird, OEM, Ford, Multimedia, Marketing, Blue Bird Corporation, Ford Motor Company, Student, Clean technology, Bluebird, Automotive industry

Blue Bird Corporation (Nasdaq: BLBD), the leader in electric and low-emission school buses, has extended its exclusive clean school bus collaboration with Ford Component Sales and ROUSH CleanTech to 2030.

Key Points: 
  • Blue Bird Corporation (Nasdaq: BLBD), the leader in electric and low-emission school buses, has extended its exclusive clean school bus collaboration with Ford Component Sales and ROUSH CleanTech to 2030.
  • View the full release here: https://www.businesswire.com/news/home/20240501659262/en/
    Blue Bird extended its exclusive clean school bus collaboration with Ford and ROUSH CleanTech to 2030.
  • (Image provided by Blue Bird Corporation)
    Ford continues to supply its 7.3L V8 engine exclusively to school bus builder Blue Bird.
  • School districts and contractors seeking clean and cost-effective student transportation continue to find reliable solutions in Blue Bird.”
    “Our relationship with Blue Bird goes back nearly a century starting in 1927 when Blue Bird built its first school bus on a Ford chassis,” said Douglas Chase, director of OEM sales at Ford Component Sales.

Generational Group Advises Wale Apparatus in its Sale to Private Investor

Retrieved on: 
Wednesday, May 1, 2024
Consulting, Automotive Manufacturing, Aerospace, Manufacturing, Professional Services, Other Science, Other Manufacturing, Engineering, Science, Finance, Chemicals, Plastics, Acquisition, Sale, Wale, M&A, Momentive, Glass, MPM

Generational Group , a leading mergers and acquisitions advisory firm for privately held businesses, is pleased to announce the sale of its client Wale Apparatus Co. to a Private Investor.

Key Points: 
  • Generational Group , a leading mergers and acquisitions advisory firm for privately held businesses, is pleased to announce the sale of its client Wale Apparatus Co. to a Private Investor.
  • Wale Apparatus (Wale), located in Hellertown, Pennsylvania, is a leading reseller of glass working equipment and supplies and fabrication of glass and quartz materials.
  • Generational Group Executive Managing Director, M&A-Technology Practice Leader, David Fergusson , and Generational Group Authorized Affiliate, Mark Shortz, with the support of Managing Director, M&A, Corey Painter successfully closed the transaction.
  • Senior Managing Director, Thomas Hamm established the initial relationship with Wale Apparatus.

Materion Corporation Reports First Quarter 2024 Financial Results

Retrieved on: 
Wednesday, May 1, 2024
Chemicals, Plastics, Other Defense, Semiconductor, Automotive Manufacturing, Aerospace, Manufacturing, Technology, Defense, Mining, Minerals, Natural Resources, Other Manufacturing, Machinery, Machine Tools, Metalworking & Metallurgy, Steel, Engineering, Corporation, Materion, Depreciation, Insurance, Webcast, Environment, Tax, Income tax, Acquisition, GAAP

Materion Corporation (NYSE: MTRN) today reported first quarter 2024 financial results and provided an update to 2024 earnings guidance.

Key Points: 
  • Materion Corporation (NYSE: MTRN) today reported first quarter 2024 financial results and provided an update to 2024 earnings guidance.
  • Excluding special items2, adjusted EBITDA3 was $45.2 million in the quarter or 17.5% of value-added sales, compared to $53.4 million or 17.9% of value-added sales in the prior year period.
  • “Temporary operational challenges and softer market demand led to results falling short of our expectations for the first time in several quarters,” Materion President & CEO Jugal Vijayvargiya said.
  • Materion Corporation will host an investor conference call with analysts at 9:00 a.m. Eastern Time, May 2, 2024.

Ryder honored as a 2024 VETS Indexes Recognized Employer

Retrieved on: 
Wednesday, May 1, 2024
Automotive, Labor, Delivery Services, Automotive Manufacturing, Logistics, Supply Chain Management, Manufacturing, Public Policy, Government, General Automotive, Defense, Retail, Human Resources, Other Transport, Military, Trucking, Rail, Transport, Professional Services, Fleet Management, Veterans, Online Retail, Organization, System, Sale, Employment, University, Workforce, Multimedia, Running, Veteran, National Guard

Ryder System, Inc. (NYSE: R), a leader in supply chain , dedicated transportation , and fleet management solutions, has earned the designation as a VETS Indexes Recognized Employer in the 2024 VETS Indexes Employer Awards .

Key Points: 
  • Ryder System, Inc. (NYSE: R), a leader in supply chain , dedicated transportation , and fleet management solutions, has earned the designation as a VETS Indexes Recognized Employer in the 2024 VETS Indexes Employer Awards .
  • View the full release here: https://www.businesswire.com/news/home/20240501552738/en/
    The VETS Indexes Employer Award recognizes Ryder’s commitment to recruiting, hiring, retaining, developing, and supporting veterans and the military-connected community.
  • Ryder is honored to be recognized by VETS Indexes, but more importantly, we are proud of the veterans who work at Ryder and extend our deepest gratitude to all veterans for their service, sacrifice, and dedication.”
    “The diligent efforts of Ryder to hire, retain, and support veterans and the military-connected community have earned the organization a highly coveted VETS Indexes Employer Award,” says George Altman, president of VETS Indexes.
  • “Competition for the VETS Indexes Employer Awards was tougher than ever in 2024, as a record number of organizations participated.

Distribution Solutions Group’s Operating Company, Lawson Products, Executes a Strategic Acquisition of S&S Automotive

Retrieved on: 
Wednesday, May 1, 2024
Other Transport, Other Manufacturing, Trucking, Construction & Property, Packaging, Transport, Automotive Manufacturing, Manufacturing, Other Construction & Property, S&S, VMI, Acquisition, EPS, DSG, The Company, Car dealership

Distribution Solutions Group, Inc. (NASDAQ:DSGR) ("DSG" or the "Company"), a premier specialty distribution company, today announced that its operating company, Lawson Products, Inc. (“Lawson”), completed the acquisition of S&S Automotive, Inc. (“S&S”), a leading automotive and industrial parts supplier based near Chicago in Woodridge, IL.

Key Points: 
  • Distribution Solutions Group, Inc. (NASDAQ:DSGR) ("DSG" or the "Company"), a premier specialty distribution company, today announced that its operating company, Lawson Products, Inc. (“Lawson”), completed the acquisition of S&S Automotive, Inc. (“S&S”), a leading automotive and industrial parts supplier based near Chicago in Woodridge, IL.
  • Lawson Products has an automotive-focused division, Kent Automotive, which distributes automotive and industrial class C-parts to auto dealerships and collision repair centers throughout North America.
  • “Similar to Lawson’s Kent Automotive business, S&S Automotive is an industry-leading distributor in the automotive dealership market,” said Cesar Lanuza, President & Chief Executive Officer of Lawson Products.
  • “We’re very excited to announce this acquisition that leverages the best of both companies.