05:28 PM EST, 11/11/2025 (MT Newswires) -- Martinrea International ( MRETF ) said Tuesday after-trade its third-quarter adjusted earnings jumped as revenue fell.

The auto-parts manufacturer said its adjusted income, which excludes most one-time items, rose to $37.7 million, or $0.52 per share, from $14.2 million, or $0.19, in the prior year period. The result beat the consensus analyst estimate of $0.47 per share, according to FactSet.

Revenue fell 3.8% to $1.2 billion, from $1.24 billion, missing the near $1.25 billion forecast. Martinrea ( MRETF ) recorded decreases in the North America and Europe operating segments.

"We generated positive results, notwithstanding the current environment as it relates to tariffs, and a production disruption at Jaguar Land Rover (JLR), one of our key customers," said chief executive Pat D'Eramo. He said production should return to normal at JLR by the first quarter of 2026.

Martinrea ( MRETF ) also expects to conclude agreements on tariff relief with its customers covering most of its exposure before year end.

The company reiterated its 2025 outlook, which calls for total sales of $4.8 billion to $5.1 billion, and free cash flow of $125 million to $175 million.

Martinrea ( MRETF ) has also been awarded new business representing $30 million in annualized sales at mature volumes. The company recently won business on a number of program extensions with customers totaling $1 billion in annualized sales, D'Eramo said.

The company will pay a regular quarterly dividend of $0.05 per share has on or about Jan. 15.

Martinrea ( MRETF ) shares closed up $0.08 to $10.43 on the Toronto Stock Exchange.