Martinrea International Inc. (T:MRE)
Business Focus: Auto, Truck & Motorcycle Parts (NEC)
| Sector: Consumer Cyclicals | Industry: Auto, Truck & Motorcycle Parts |
| Company Contact | |
| Address: | 3210 Langstaff Rd VAUGHAN ON L4K 5B2 |
| Tel: | N/A |
| Website: | https://www.martinrea.com |
| IR: | See website |
| Key People | ||
| Robert Peter Edward Wildeboer Executive Chairman of the Board | Kerri Pope General Counsel, Corporate Secretary | Fred Di Tosto President, Chief Financial Officer |
| Pat D'Eramo Chief Executive Officer, Director | Armando Pagliari Executive Vice President - Human Resources | Alfredo Alonso Executive Vice President - Fluids |
| Peter Cirulis Executive Vice President - Aluminum | Megan Hunter Executive Vice President - Procurement and Supply Chain Operations | Ganesh Iyer Chief Technology Officer | Mike Leal Vice President - Lean Manufacturing |
| Business Overview |
| Martinrea International Inc. is a Canada-based diversified and global automotive supplier engaged in the design, development and manufacturing of highly engineered, value-added lightweight structures and propulsion systems. The Company's offerings include a range of products, assemblies and systems for small and large cars, crossovers, pickups and sport utility vehicles. The Company's operations are segmented on a geographic basis between North America, Europe and Rest of the World. The Company's solutions include lightweight structures, propulsion systems, flexible manufacturing, and graphene technology. Its lightweight structure products include complex assemblies and exterior trim. Its flexible manufacturing products include bus frame assemblies and front vertical corner modules. Its graphene products include graphene and nylon coated brake lines and electric vehicle batteries enhanced with graphene. It operates in around 59 countries, such as Canada, the United States and Mexico. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Martinrea International Inc revenues increased 12% to C$5.34B. Net income increased 16% to C$153.7M. Revenues reflect Production Sales segment increase of 10% to C$4.91B, Tooling Sales segment increase of 43% to C$430.3M. Net income benefited from North America segment income increase of 34% to C$267.1M, Rest of the world segment income increase from C$946K to C$10.3M. |
| Employees: | 19,000 as of Dec 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $1,920M as of Dec 31, 2023 |
| Annual revenue (TTM): | $5,340M as of Dec 31, 2023 |
| EBITDA (TTM): | $616.68M as of Dec 31, 2023 |
| Net annual income (TTM): | $153.67M as of Dec 31, 2023 |
| Free cash flow (TTM): | $199.85M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $1,037M as of Dec 31, 2023 |
| Shares outstanding: | 76,787,940 as of Apr 3, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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