Metaldyne Performance Group (MPG) Misses Q4 EPS by 12c
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MPG Reports Record Net Sales and Adjusted EBITDA for Full Year 2015; Announces Share Repurchase Program and Fourth Quarter Dividend
February 25, 2016 6:00 AM ESTSOUTHFIELD, Mich., Feb. 25, 2016 /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 fourth quarter and full year 2015 results.
Fourth Quarter 2015 Financial Highlights:
Net sales were $735.3 million compared to $762.2 million in the fourth quarter of 2014. Quarterly sales, normalized for metals and FX, were $783.8 million resulting in a 2.8% increase. Gross profit increased 1% to $119.3 million for the quarter compared... More