An employee works on the production line at the Martinrea auto parts manufacturing plant in Woodbridge, Ontario on Monday February 3, 2025. The site supplies auto parts to both the ºÃÉ«tv and U.S. auto plants. THE CANADIAN PRESS/Chris Young
An employee works on the production line at the Martinrea auto parts manufacturing plant in Woodbridge, Ontario on Monday February 3, 2025. The site supplies auto parts to both the ºÃÉ«tv and U.S. auto plants. THE CANADIAN PRESS/Chris Young
TORONTO - Martinrea International Inc. reported $35.8 million in profit during the third quarter, up from $14.2 million during the same period a year earlier.Â
The company reported diluted net earnings per share of 49 cents during the period ended Sept. 30 compared with 19 cents during the third quarter of 2024.Â
The Toronto-based automotive supplier reported its total sales amounted to $1.19 billion during the third quarter, down from $1.24 billion during the same period a year earlier.Â
Martinrea CEO Pat D’Eramo says in a press release that the company was awarded new business representing around $30 million in annualized sales, consisting of $15 million with General Motors and Toyota, $12 million with Stellantis and Ford, and $3 million with Volvo Truck and Central Power.Â
D’Eramo also says that the company's results were positive notwithstanding the current tariff environment and production disruptions at one of its key customers.Â
In October, Martinrea announced it was expanding its footprint in the U.S. auto sector by acquiring assets from an Oklahoma-based vehicle manufacturer.
This report by ºÃÉ«tvwas first published Nov. 11, 2025.
