Overview

* Martinrea ( MRETF ) Q3 sales decline 3.8% yr/yr, missing analyst expectations

* Adjusted EPS for Q3 rises to C$0.52 from C$0.19 yr/yr

Outlook

* Martinrea ( MRETF ) maintains 2025 sales outlook at C$4.8 bln to C$5.1 bln

* Company expects 2025 adjusted operating income margin of 5.3% to 5.8%

Result Drivers

* PRODUCTION DISRUPTION - Production disruption at Jaguar Land Rover affected sales, but normal production expected by Q1 2026

* NEW BUSINESS AWARDS - Co awarded new business totaling C$30 mln in annualized sales at mature volumes

* COMMERCIAL RECOVERIES - Co negotiated commercial recoveries for volume shortfalls on electric vehicle programs

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Sales Miss C$1.19 C$1.21

bln bln (4

Analysts

)

Q3 EPS C$0.49

Q3 C$140.40

Adjusted mln

EBITDA

Q3 C$0.05

Dividend

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the auto, truck & motorcycle parts peer group is "buy"

* Wall Street's median 12-month price target for Martinrea International Inc ( MRETF ) is C$13.00, about 20.4% above its November 10 closing price of C$10.35

* The stock recently traded at 5 times the next 12-month earnings vs. a P/E of 4 three months ago

Press Release:

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)