American Auto

Honda Launches 'Drive the Legacy' Initiative to Advance its Long-term Commitment to HBCUs

Retrieved on: 
Thursday, January 25, 2024
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TORRANCE, Calif., Jan. 25, 2024 /PRNewswire/ -- Honda has launched a new, multifaceted initiative called "Drive the Legacy" to advance the company's longstanding commitment to Historically Black Colleges and Universities (HBCUs) and attract top talent to Honda careers.

Key Points: 
  • TORRANCE, Calif., Jan. 25, 2024 /PRNewswire/ -- Honda has launched a new, multifaceted initiative called "Drive the Legacy" to advance the company's longstanding commitment to Historically Black Colleges and Universities (HBCUs) and attract top talent to Honda careers.
  • This unique four-day experience provided TMCF scholars with educational and career development opportunities, as well as an immersion into Honda operations and culture.
  • "While the FASTRAC Program is just one example, it highlights the broader impact of Honda's commitment to HBCUs.
  • To advance its leading investment in HBCUs, Honda is a member of the HBCU Partnership Challenge, a Congressional Bipartisan HBCU Caucus initiative that brings together government, industry and HBCUs to create strategic, more sustainable HBCU partnerships.

Methode Electronics, Inc. Reports Fiscal 2024 Second Quarter Financial Results

Retrieved on: 
Thursday, December 7, 2023
Tax, Sale, Share repurchase, Medicine, Wind, Acquisition, LED, EVS, American Auto, Depreciation, CST, Industrial, COVID-19, Methode Electronics, Net, Electronics, Interface, Growth, Lighting, Automotive industry, UAW, EidosMedia, Security (finance)

Adjusted EBITDA, a non-GAAP financial measure, was $21.2 million, compared to $46.6 million in the same quarter of fiscal 2023.

Key Points: 
  • Adjusted EBITDA, a non-GAAP financial measure, was $21.2 million, compared to $46.6 million in the same quarter of fiscal 2023.
  • Comparing the Interface segment’s quarter to the same quarter of fiscal 2023,
    Net sales were $11.7 million, down from $14.1 million.
  • In the first quarter of fiscal 2024, the discontinuation of the Dabir Surfaces, Inc. business (which accounts for all of the Medical segment’s financial results) was announced.
  • For fiscal 2024 third quarter, the company expects net sales to be similar to the second quarter and adjusted diluted earnings per share to be modestly higher than the second quarter.

Methode Electronics, Inc. Reports Fiscal 2024 First Quarter Financial Results

Retrieved on: 
Thursday, September 7, 2023
Methode Electronics, Net, Lighting, Tax, Medicine, American Auto, EV, EidosMedia, Interface, COVID-19, Electronics, Automotive industry, Wind, LED, EBITDA, Acquisition, Depreciation, Earnings before interest, taxes, depreciation and amortization, Radio, Growth, CDT, NYSE, Security (finance), Video game, Financial services, Rolling (metalworking), Retail, Beauty salon, Music, 2006 Nordea Nordic Light Open

Adjusted income from operations, a non-GAAP financial measure, was $5.3 million, down from $21.8 million in the same quarter of fiscal 2023.

Key Points: 
  • Adjusted income from operations, a non-GAAP financial measure, was $5.3 million, down from $21.8 million in the same quarter of fiscal 2023.
  • Adjusted EBITDA, a non-GAAP financial measure, was $19.3 million, compared to $38.2 million in the same quarter of fiscal 2023.
  • Comparing the Interface segment's quarter to the same quarter of fiscal 2023,
    Net sales were $15.2 million, up from $13.0 million.
  • In the first quarter of fiscal 2024, the discontinuation of the Dabir Surfaces, Inc. business (which accounts for all of the segment’s financial results) was announced.