Deutsche Bank Downgrades Metaldyne Performance Group (MPG) to Hold
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MPG Reports Strong Third Quarter Results, Significant Year to Date Growth and Continued Record New Business Awards
November 3, 2015 6:00 AM ESTSOUTHFIELD, Mich., Nov. 3, 2015 /PRNewswire/ --Â Metaldyne Performance Group Inc. (NYSE: MPG), a leading provider of highly-engineered components for use in powertrain and safety-critical applications for the global light, commercial and industrial vehicle markets, today reported the following financial results for its third quarter ended September 27, 2015.
Third Quarter 2015 Financial Highlights:
Net sales were $746.6 million compared to $773.0 million in the third quarter of 2014. Gross profit increased 7.4% to $126.2 million for the quarter compared to $117.5 million the same quarter in 2014. Net income for the quarter was $28.3... More