Latest news with #OriginalEquipment
India Gazette
13-07-2025
- Business
- India Gazette
"Not about witch hunt to blame pilots but ...": Aviation Safety consultant Mark D Martin slams AAIB report on Air India flight 171 crash
New Delhi [India], July 13 (ANI): Aviation safety consultant and founder and CEO of Martin Consulting, Mark D Martin, on Sunday called for a fair and 'unbiased' investigation into the recent Air India flight 171 crash, emphasising that the preliminary investigation report released by the Aircraft Accident Investigation Bureau (AAIB) tried to 'put the blame deliberately on the pilots and exonerate the OEM (Original Equipment Manufacturer).' During an interview with ANI, Martin criticised the report for its focus on pilot actions, particularly the movement of engine fuel cutoff switches from 'run' to 'cutoff' within seconds, despite initial indications of engine failure. 'World pilots are not stupid. World pilots know the truth. And a pilot who puts his life on the line for his family's livelihood will not fall for this report, even if they are aware.... It's time we take this investigation seriously. This is not about a witch hunt to blame the pilots. It's about a fair and just investigation,' he said. 'My point is very simple. When you don't have the engines in the first place, when the engines have failed, when fuel is not going to the engine, why does the point of fuel cut-off come up? Now what they're trying to do is put the blame deliberately on the pilots and exonerate the OEM (Original Equipment Manufacturer), and that is not correct,' he argued while questioning the logic behind the report's narrative. He highlighted the procedural context, noting that fuel cutoff procedures are relevant only when engines are operational, not when they have already failed. 'Fuel cutoff logic comes only when the memory item and procedure and QRH (Quick Reference Handbook) for starting the engine are that you have to put the switch back in to cut off and bring it back on. Now that is something which has happened, but that has happened to engines that were already when the engines had already failed, so it doesn't make sense,' he explained. The consultant also raised concerns about the timing and audience of the report's release while suggesting a bias in the investigation process. 'Second, which is very shocking, is why did the report come out at 2 am in the morning when the aircraft is Indian... It is close of business for the UK. But you're releasing it at 2 a.m. for the American audience. That does not make sense at all,' Martin said. He pointed out the global impact of the crash, which claimed 260 lives, describing it as 'probably the worst air disaster in 40 years' and urging Prime Minister Narendra Modi to intervene. 'I'm repeating myself; I'm urging honourable Prime Minister Shri Modi ji to please intervene. We cannot have a biased investigation report because 787s, these aircraft, are flying across the world and even as we speak, there is a rippling effect with operators across the world,' he stated. Martin also condemned baseless conspiracy theories, particularly remarks suggesting pilot suicide, calling them 'the most ridiculously stupid thing a pilot can say about another pilot without having any evidence, any information, or any logic', calling for the need for proactive communication from the government to counter such narratives. On Friday, India's AAIB released the preliminary report into the tragic crash of Air India flight 171, a Boeing 787-8 aircraft, which crashed shortly after takeoff from Ahmedabad's Sardar Vallabhbhai Patel International Airport on June 12. The report has sparked a controversy in the aviation industry and the general public for allegedly blaming the crash on pilots. (ANI)
Yahoo
02-05-2025
- Automotive
- Yahoo
Magna (MGA) Q1 Earnings Lag Estimates
Magna (MGA) came out with quarterly earnings of $0.78 per share, missing the Zacks Consensus Estimate of $0.90 per share. This compares to earnings of $1.08 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -13.33%. A quarter ago, it was expected that this automotive supply company would post earnings of $1.46 per share when it actually produced earnings of $1.69, delivering a surprise of 15.75%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. Magna , which belongs to the Zacks Automotive - Original Equipment industry, posted revenues of $10.07 billion for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 5.70%. This compares to year-ago revenues of $10.97 billion. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Magna shares have lost about 16.2% since the beginning of the year versus the S&P 500's decline of -4.7%. While Magna has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Magna: unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.15 on $9.75 billion in revenues for the coming quarter and $5.02 on $38.94 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Automotive - Original Equipment is currently in the bottom 32% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, BorgWarner (BWA), is yet to report results for the quarter ended March 2025. The results are expected to be released on May 7. This auto parts supplier is expected to post quarterly earnings of $0.98 per share in its upcoming report, which represents a year-over-year change of -4.9%. The consensus EPS estimate for the quarter has been revised 3% lower over the last 30 days to the current level. BorgWarner's revenues are expected to be $3.39 billion, down 5.6% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Magna International Inc. (MGA) : Free Stock Analysis Report BorgWarner Inc. (BWA) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Time of India
28-04-2025
- Automotive
- Time of India
FlixBus ties up with Vertelo to launch 500 electric intercity buses across India
FlixBus , a global intercity mobility platform, has signed a Memorandum of Understanding (MoU) with Vertelo to deploy 500 electric intercity coach buses across India. The partnership is aimed at supporting the transition to sustainable intercity transport through electric mobility solutions . FlixBus currently operates across more than 200 cities in India through a digital-first booking platform. The collaboration with Vertelo will focus on expanding electric mobility by combining FlixBus's network reach with Vertelo's expertise in electric vehicle leasing , financing, and infrastructure development. Roles and responsibilities Under the partnership, Vertelo will offer financing and leasing options for electric buses, develop charging infrastructure , and work with Original Equipment Manufacturers (OEMs) to identify suitable electric coach models. FlixBus will manage demand generation for electric bus routes and identify key intercity routes for deployment. Surya Khurana, MD, FlixBus India, said, 'This partnership with Vertelo marks a major step towards greener and more sustainable intercity travel in India . By combining FlixBus's extensive network and customer reach with Vertelo's expertise in electric vehicle financing and operations, we are committed to making eco-friendly mobility accessible and efficient for millions of travellers.' Sandeep Gambhir, CEO, Vertelo, added, 'This partnership will facilitate bespoke financing and leasing solutions and facilitate creation of a sustainable ecosystem that makes electric mobility the natural choice for commercial bus fleet operators . We are excited to partner with FlixBus and the fleet operators to enable them to have the right product market fit and bring capabilities that extends beyond the traditional leasing and financing solutions including charging infrastructure and energy management that will drive the future of sustainable transportation in India.'
Yahoo
14-04-2025
- Business
- Yahoo
Q4 Earnings Highs And Lows: Sanmina (NASDAQ:SANM) Vs The Rest Of The Electrical Systems Stocks
Looking back on electrical systems stocks' Q4 earnings, we examine this quarter's best and worst performers, including Sanmina (NASDAQ:SANM) and its peers. Like many equipment and component manufacturers, electrical systems companies are buoyed by secular trends such as connectivity and industrial automation. More specific pockets of strong demand include Internet of Things (IoT) connectivity and the 5G telecom upgrade cycle, which can benefit companies whose cables and conduits fit those needs. But like the broader industrials sector, these companies are also at the whim of economic cycles. Interest rates, for example, can greatly impact projects that drive demand for these products. The 13 electrical systems stocks we track reported a slower Q4. As a group, revenues were in line with analysts' consensus estimates while next quarter's revenue guidance was 6.1% below. Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 20.3% since the latest earnings results. Founded in 1980, Sanmina (NASDAQ:SANM) is an electronics manufacturing services company offering end-to-end solutions for various industries. Sanmina reported revenues of $2.01 billion, up 7% year on year. This print exceeded analysts' expectations by 1.5%. Despite the top-line beat, it was still a mixed quarter for the company with a decent beat of analysts' EPS estimates but EPS guidance for next quarter missing analysts' expectations significantly. "We delivered solid first quarter financial results, with revenue towards the high end and non-GAAP earnings per share exceeding our outlook. We continue to execute well, as evident in our consistent operating margin and cash generation," stated Jure Sola, Chairman and Chief Executive Officer of Sanmina Corporation. The market was likely pricing in the results, and the stock is flat since reporting. It currently trades at $78.42. Read our full report on Sanmina here, it's free. Enhancing commercial environments, LSI (NASDAQ:LYTS) provides lighting and display solutions for businesses and retailers. LSI reported revenues of $147.7 million, up 35.5% year on year, outperforming analysts' expectations by 14.3%. The business had an incredible quarter with a solid beat of analysts' EPS estimates and an impressive beat of analysts' EBITDA estimates. LSI achieved the biggest analyst estimates beat and fastest revenue growth among its peers. The stock is down 10.7% since reporting. It currently trades at $17.69. Is now the time to buy LSI? Access our full analysis of the earnings results here, it's free. Founded in 1946, Methode Electronics (NYSE:MEI) is a global supplier of custom-engineered solutions for Original Equipment Manufacturers (OEMs). Methode Electronics reported revenues of $239.9 million, down 7.6% year on year, falling short of analysts' expectations by 8.9%. It was a disappointing quarter as it posted revenue guidance for next quarter missing analysts' expectations. Methode Electronics delivered the weakest performance against analyst estimates in the group. As expected, the stock is down 48% since the results and currently trades at $5.11. Read our full analysis of Methode Electronics's results here. Originally a metal-working shop supporting local petrochemical facilities, Powell (NYSE:POWL) has grown from a small Houston manufacturer to a global provider of electrical systems. Powell reported revenues of $241.4 million, up 24.4% year on year. This number topped analysts' expectations by 3.8%. Taking a step back, it was a satisfactory quarter as it also produced a decent beat of analysts' EPS estimates but a significant miss of analysts' EBITDA estimates. The stock is down 28% since reporting and currently trades at $176.11. Read our full, actionable report on Powell here, it's free. Founded in 1961, Kimball Electronics (NYSE:KE) is a global contract manufacturer specializing in electronics and manufacturing solutions for automotive, medical, and industrial markets. Kimball Electronics reported revenues of $357.4 million, down 15.2% year on year. This print missed analysts' expectations by 0.7%. Overall, it was a softer quarter as it also recorded full-year revenue guidance missing analysts' expectations and a significant miss of analysts' EBITDA estimates. Kimball Electronics had the weakest full-year guidance update among its peers. The stock is down 24.1% since reporting and currently trades at $13.57. Read our full, actionable report on Kimball Electronics here, it's free. Thanks to the Fed's rate hikes in 2022 and 2023, inflation has been on a steady path downward, easing back toward that 2% sweet spot. Fortunately (miraculously to some), all this tightening didn't send the economy tumbling into a recession, so here we are, cautiously celebrating a soft landing. The cherry on top? Recent rate cuts (half a point in September 2024, a quarter in November) have propped up markets, especially after Trump's November win lit a fire under major indices and sent them to all-time highs. However, there's still plenty to ponder — tariffs, corporate tax cuts, and what 2025 might hold for the economy. Want to invest in winners with rock-solid fundamentals? Check out our Top 6 Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Join Paid Stock Investor Research Help us make StockStory more helpful to investors like yourself. Join our paid user research session and receive a $50 Amazon gift card for your opinions. Sign up here.
Yahoo
30-01-2025
- Business
- Yahoo
Mobileye Global (MBLY) Q4 Earnings and Revenues Surpass Estimates
Mobileye Global (MBLY) came out with quarterly earnings of $0.13 per share, beating the Zacks Consensus Estimate of $0.12 per share. This compares to earnings of $0.28 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 8.33%. A quarter ago, it was expected that this maker of driver-assistance systems and autonomous driving technologies would post earnings of $0.09 per share when it actually produced earnings of $0.10, delivering a surprise of 11.11%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Mobileye , which belongs to the Zacks Automotive - Original Equipment industry, posted revenues of $490 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 2.44%. This compares to year-ago revenues of $637 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Mobileye shares have lost about 19.6% since the beginning of the year versus the S&P 500's gain of 2.7%. While Mobileye has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Mobileye: unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.08 on $444.56 million in revenues for the coming quarter and $0.42 on $1.89 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Automotive - Original Equipment is currently in the bottom 34% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. OPENLANE (KAR), another stock in the same industry, has yet to report results for the quarter ended December 2024. This used and salvaged vehicle auctioneer is expected to post quarterly earnings of $0.21 per share in its upcoming report, which represents a year-over-year change of +31.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. OPENLANE's revenues are expected to be $417.31 million, up 6.7% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Mobileye Global Inc. (MBLY) : Free Stock Analysis Report OPENLANE, Inc. (KAR) : Free Stock Analysis Report To read this article on click here. Zacks Investment Research Sign in to access your portfolio
