|Martinrea International Inc. - MRE.t is a leader in the production of quality steel and aluminum metal parts, assemblies and modules and fluid management systems focused primarily on the automotive sector.|
As a Tier One supplier the company serves all the most important vehicle manufacturers as well as automotive suppliers but also serve other industrial sectors worldwide.
"Martinrea International Inc. (TSX : MRE), a leader in the development and production of quality metal parts, assemblies and modules and fluid management systems and complex aluminum products focused primarily on the automotive sector, announced today the release of its financial results for the first quarter ended March 31, 2016 and a quarterly dividend.
‐ Record first quarter sales and net earnings
‐ First quarter operating income and adjusted EBITDA margins improved year over year and quarter over quarter
‐ Record EBITDA of $89 million
‐ Renewed credit facility in place
‐ Dividend of $0.03 per share announced