05:28 PM EDT, 05/01/2025 (MT Newswires) -- Martinrea International ( MRETF ) after trade Thursday said its first-quarter profit and revenue fell year-over-year.

The auto-parts manufacturer posted an adjusted profit, excluding most one-time items, of $29.5 million, or $0.41 per share, in the period, down from $48.1 million, or $0.62 per share, a year ago. FactSet expected $0.37 per share.

Revenue rose to $1.17 billion from $1.32 billion in the year-ago quarter. FactSet projected $1.24 billion.

"Looking forward, U.S. tariffs on automotive imports are clouding the outlook for our business and industry. These tariffs have already had a disruptive effect, with OEMs announcing temporary shutdowns of assembly plants and volume reductions on certain programs. Some of this is also related to continued weak demand for EV platforms," Chief Executive Pat D'Eramo said.

The company declared a quarterly cash dividend of $0.05 per share, the same as the previous quarter. It is payable to shareholders of record on June 30, on or about July 15.