Martinrea reports $15.66 million in Q4 profit, up from a $133.33M loss last year
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Hey there, time traveller!
This article was published 05/03/2026 (216 days ago), so information in it may no longer be current.
TORONTO – Martinrea International Inc. reported a profit of $15.66 million during the fourth quarter, up from a loss of $133.33 million during the same period a year earlier.
The company reported diluted net earnings per share of 22 cents, up from a diluted net loss per share of $1.82 cents.
The Toronto-based automotive supplier reported total sales of $1.19 billion during the period ended Dec. 31, up year over year from $1.15 billion.
During the fourth quarter, the company says it bought back about $8 million worth of its shares.
Martinrea president Fred Di Tosto says the company has been awarded new business representing $210 million with Stellantis, Toyota, General Motors, Audi and others
Martinrea CEO Pat D’Eramo says the company has been successful in negotiating the recovery of most of its tariff costs through agreements with customers.
This report by The Canadian Press was first published March 5, 2026.
Companies in this story: (TSX:MRE)