IBJNews

Remy sees quarterly rise in profit, revenue

Back to TopCommentsE-mailPrintBookmark and Share

Pendleton-based manufacturer Remy International Inc. saw profit rise significantly in the first quarter on higher revenue, the company announced late Wednesday.

The company reported profit of $9.5 million in the period, up from $1.8 million in the same quarter of 2013.

Revenue jumped 7 percent, to $300.3 million, as sales picked up 25 percent in the North America Light Duty Aftermarket category and 72 percent in China.

Remy is one of the world's leading manufacturers of starter motors and alternators for light-vehicle and commercial-vehicle applications.

Remy shares closed at $25.87 each Thursday, up 36 cents on the day.


 

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
ADVERTISEMENT