Highway Holdings Q3 Net Sales $4.1M, Up 60% YoY, EPS $0.07 vs $0.01 YoY
$HIHO
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Highway Holdings Q3 Net Sales $4.1M, Up 60% YoY, EPS $0.07 vs $0.01 YoY
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SC 13G/A - HIGHWAY HOLDINGS LTD (0001026785) (Subject)
SC 13G/A - HIGHWAY HOLDINGS LTD (0001026785) (Subject)
SC 13G/A - HIGHWAY HOLDINGS LTD (0001026785) (Subject)
Highway Holdings (NASDAQ:HIHO) reported quarterly losses of $(0.26) per share. This is a 7.14 percent increase over losses of $(0.28) per share from the same period last year. The company reported $1.42 million in sales this quarter. This is a 16.22 percent decrease over sales of $1.70 million the same period last year.
The inventory adjustment resulted in the erroneous inclusion of $1,875,000 in net sales and $1,921,000 in cost of sales from the transfers of certain parts to be included in products manufactured by the Company for its customer. The adjustments to net sales and other line items resulting from the changed inventory transfer policies resulted in an increase in net income for the third quarter of fiscal year 2024 from $302,000, or $0.07 per diluted share, to $348,000, or $0.08 per diluted share, and resulted in an increase in net income for the first nine months of fiscal year 2024 from $177,000, or $0.04 per diluted share, to $223,000, or $0.05 per diluted share in the restated financial stat
6-K - HIGHWAY HOLDINGS LTD (0001026785) (Filer)
6-K - HIGHWAY HOLDINGS LTD (0001026785) (Filer)
6-K - HIGHWAY HOLDINGS LTD (0001026785) (Filer)
HONG KONG, Nov. 11, 2024 /PRNewswire/ -- Highway Holdings Limited (NASDAQ:HIHO, ", the Company", or ", Highway Holdings", )) today announced the Company's Board of Directors declared a cash dividend of $0.05 per common share. The dividend will be paid on December 24, 2024 to shareholders of record on December 12, 2024. About Highway Holdings Limited Highway Holdings is an international manufacturer of a wide variety of quality parts and products for blue chip equipment manufacturers based primarily in Germany. Highway Holdings' administrative offices are located in Hong Kong and its manufacturing facilities are located in Yangon, Myanmar and Shenzhen, China. For more information, visit the
60.1% Year Over Year Increase in Second Quarter Revenue117.8% Year Over Year Increase in Second Quarter Gross ProfitCash and Cash Equivalents of $1.28 Per Diluted ShareHONG KONG, Oct. 10, 2024 /PRNewswire/ -- Highway Holdings Limited (NASDAQ:HIHO, ", the Company", or ", Highway Holdings", ))) today reported results for the second quarter of fiscal year 2025 and the six months ended September 30, 2024, with second quarter of fiscal year 2025 revenue growth of 60.1% and gross profit growth of 117.8% on a year over year basis. Roland Kohl, chairman, president and chief executive officer of Highway Holdings, noted, "While the positive results reflect an improving environment at our customers, w
HONG KONG, Sept. 24, 2024 /PRNewswire/ -- Highway Holdings Limited (NASDAQ:HIHO, ", the Company", or ", Highway Holdings", ))) today announced the Company's Board of Directors declared a cash dividend of $0.02 per common share. The dividend will be paid on October 11, 2024 to shareholders of record on October 4, 2024. Roland Kohl, chairman, president and chief executive officer of Highway Holdings, commented, "We are pleased to maintain our long track record of consistently returning capital to shareholders while focusing on unlocking greater value in both up and down markets. Although we have not fully returned to pre-COVID business levels, we are seeing signs of improvement. The Company h
HONG KONG, Nov. 11, 2024 /PRNewswire/ -- Highway Holdings Limited (NASDAQ:HIHO, ", the Company", or ", Highway Holdings", )) today announced the Company's Board of Directors declared a cash dividend of $0.05 per common share. The dividend will be paid on December 24, 2024 to shareholders of record on December 12, 2024. About Highway Holdings Limited Highway Holdings is an international manufacturer of a wide variety of quality parts and products for blue chip equipment manufacturers based primarily in Germany. Highway Holdings' administrative offices are located in Hong Kong and its manufacturing facilities are located in Yangon, Myanmar and Shenzhen, China. For more information, visit the
60.1% Year Over Year Increase in Second Quarter Revenue117.8% Year Over Year Increase in Second Quarter Gross ProfitCash and Cash Equivalents of $1.28 Per Diluted ShareHONG KONG, Oct. 10, 2024 /PRNewswire/ -- Highway Holdings Limited (NASDAQ:HIHO, ", the Company", or ", Highway Holdings", ))) today reported results for the second quarter of fiscal year 2025 and the six months ended September 30, 2024, with second quarter of fiscal year 2025 revenue growth of 60.1% and gross profit growth of 117.8% on a year over year basis. Roland Kohl, chairman, president and chief executive officer of Highway Holdings, noted, "While the positive results reflect an improving environment at our customers, w
HONG KONG, Sept. 24, 2024 /PRNewswire/ -- Highway Holdings Limited (NASDAQ:HIHO, ", the Company", or ", Highway Holdings", ))) today announced the Company's Board of Directors declared a cash dividend of $0.02 per common share. The dividend will be paid on October 11, 2024 to shareholders of record on October 4, 2024. Roland Kohl, chairman, president and chief executive officer of Highway Holdings, commented, "We are pleased to maintain our long track record of consistently returning capital to shareholders while focusing on unlocking greater value in both up and down markets. Although we have not fully returned to pre-COVID business levels, we are seeing signs of improvement. The Company h