Accelerates in Fast-Growing Commercial Vehicle and Off-Highway Battery Pack Market Auburn Hills, Michigan, June 4, 2021 - BorgWarner Inc. today announced that. | June 4, 2021
2 years ago
The South Philadelphia refinery has a long history dating back to the Civil War era, when it was built as Atlantic Refining Co. Gulf Oil opened a neighboring facility in 1926, and the two operations were bought by Sunoco in 1988 and 1994, respectively. The complex grew to be the largest refiner on the East Coast and leaves an equally large legacy of pollution, both in the soil and the water table. Facing bankruptcy, Sunoco formed a joint partnership with the Carlyle Group to create Philadelphia Energy Solutions in 2012. The company entered bankruptcy in 2018, but the explosion and fire led to a complete shutdown of the facility in July 2019. Last summer, Hilco took control of the facility with the aim of creating a distribution hub. Sunoco remains responsible for the legacy contamination. But Hilco is now responsible for monitoring and addressing current emissions.
A
Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient: 1. Obtains access to the information in a personal capacity; 2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services; 3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body; 4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
6 May 2021 | 07:36am
StockMarketWire.com - The Melrose Group has reported an 8% surge in sales during the first quarter of 2021, when compared with the same period a year earlier.
The operating margins achieved in the first quarter of the year continued to improve faster than expected and Melrose was cash neutral in the first quarter, a period that has traditionally been a cash outflow period.
Excluding Nortek Air Management, group sales grew by 4%.
In the period, as expected, Aerospace continued the sales trends seen last year with defence growing and civil significantly down. Sales were down 27% compared to the same period in 2020 and 33% on 2019.
BorgWarner Reports Record Net Sales For The First Quarter 2021, Up 76% Compared With First Quarter 2020
News provided by
Share this article
Share this article
First Quarter Highlights:
U.S. GAAP net sales of $4,009 million, up 76% compared with first quarter 2020.
Excluding the impact of foreign currencies and the net impact of acquisitions and divestitures, organic sales were up 18% compared with first quarter 2020.
U.S. GAAP net earnings of $0.27 per diluted share.
Excluding the $(0.94) per diluted share related to non-comparable items (detailed in the table below), adjusted net earnings were $1.21 per diluted share.
U.S. GAAP operating income of $403 million, or 10.1% of net sales.