Highway Holdings Limited, together with its subsidiaries, manufactures and supplies metal, plastic, electric, and electronic components, subassemblies, and finished products for original equipment manufacturers (OEMs) and contract manufacturers. It operates through two segments: Metal Stamping and Mechanical OEM; and Electric OEM. The company also trades in plastic injection products; and manufactures and assembles automation equipment. Its products are used in the manufacture of products, such as photocopiers, laser printers, print cartridges, electrical connectors, electrical circuits, vacuum cleaners, LED power supplies, stepping motors, pumps for dishwashers, and other washing machine components. In addition, the company assists customers in the design and development of the tooling used in the metal and plastic manufacturing process, as well as provides an array of other manufacturing and engineering services, including metal stamping, screen printing, plastic injection molding, pad printing, and electronic assembly of printed circuit boards. It serves customers in Hong Kong and China, Europe, North America, and other Asian countries. Highway Holdings Limited was incorporated in 1990 and is headquartered in Sheung Shui, Hong Kong.
IPO Year:
Exchange: NASDAQ
Website: highwayholdings.com
6-K - HIGHWAY HOLDINGS LTD (0001026785) (Filer)
6-K - HIGHWAY HOLDINGS LTD (0001026785) (Filer)
6-K - HIGHWAY HOLDINGS LTD (0001026785) (Filer)
6-K - HIGHWAY HOLDINGS LTD (0001026785) (Filer)
6-K - HIGHWAY HOLDINGS LTD (0001026785) (Filer)
6-K - HIGHWAY HOLDINGS LTD (0001026785) (Filer)
20-F - HIGHWAY HOLDINGS LTD (0001026785) (Filer)
6-K - HIGHWAY HOLDINGS LTD (0001026785) (Filer)
6-K - HIGHWAY HOLDINGS LTD (0001026785) (Filer)
SEC STAFF ACTION - 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 , Aug. 1, 2024 /PRNewswire/ -- Highway Holdings Limited (NASDAQ:HIHO) today reported financial results for the first quarter of fiscal year 2025 ended June 30, 2024. Net sales for the first quarter of fiscal year 2025 ended June 30, 2024 increased 39.3% to $1.88 million compared with $1.35 million in the first quarter of fiscal year 2024. Net gain for the first quarter of fiscal year 2025 was $98,000, or $0.02 per diluted share, compared with net loss of $338,000, or a loss of $0.08 per diluted share in the first quarter of fiscal year 2024. Roland Kohl, chairman, president and chief executive officer of Highway Holdings, commented, "We are seeing signs of improvement and have rea
HONG KONG, July 19, 2024 /PRNewswire/ -- Highway Holdings Limited (NASDAQ:HIHO) today reported results for the fiscal fourth quarter and fiscal year ended March 31, 2024. The Company notes that financial results are not comparable with results in prior years, as ongoing business uncertainties required it to take multiple provision charges. For the fiscal 2024 fourth quarter, net sales were $1.4 million compared to $1.7 million in the year ago period, reflecting the ongoing negative impact of the COVID-19 pandemic and subsequent boom and bust period, which led to a sudden reduction in sales and inventory imbalance at the Company's customers and a material decline in new orders. Gross profit
HONG KONG, July 12, 2024 /PRNewswire/ -- Highway Holdings Limited (NASDAQ:HIHO) (the "Company" or "Highway Holdings") today announced it has restated its unaudited quarterly financial statements for the three and nine months ended December 31, 2023, which were released in an earnings press release on February 1, 2024. The decision to restate the financial statements was approved on July 12, 2024 by Highway Holdings' Board of Directors upon the recommendation of the Audit Committee of the Board of Directors and after consultation with management. Investors should no longer rely upon the previously released financial statements cited above. Similarly, any other press releases and investor com
HONG KONG, April 2, 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 May 3, 2024 to shareholders of record on April 22, 2024. Roland Kohl, chairman, president and chief executive officer of Highway Holdings, commented, "This latest distribution continues our track record of consistently building value for investors, regardless of market conditions. We have maintained a solid financial foundation while continuing to support the near and long-term growth opportunities that will propel our company forward. Bas
HONG KONG, Feb. 1, 2024 /PRNewswire/ -- Highway Holdings Limited (NASDAQ:HIHO) (the "Company" or "Highway Holdings") today reported financial results for its fiscal third quarter and nine months ended December 31, 2023, with a 60% increase in revenue and a $0.06 increase in diluted earnings per share for the fiscal third quarter of 2024, both compared to the year ago period. Net sales for the third quarter of fiscal year 2024 increased 60% to $4.1 million compared with $2.6 million in the year ago period. Net income for the third quarter of fiscal year 2024 increased to $302,000, or $0.07 per diluted share, compared with $52,000 or $0.01 per diluted share in the year ago period. Net sales
HONG KONG, Nov. 16, 2023 /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 23, 2023 to shareholders of record on November 30, 2023. Roland Kohl, chairman, president and chief executive officer of Highway Holdings, commented, "We are pleased to be rewarding all shareholders despite the very difficult business environment the past few quarters. The Company has maintained its financial strength and we are confident about its long-term business." About Highway Holdings Limited Highway Holdings is an internat
HONG KONG, July 13, 2023 /PRNewswire/ -- Highway Holdings Limited (NASDAQ:HIHO) today reported results for the fiscal fourth quarter and fiscal year ended March 31, 2023, which reflect the adverse impact of the sudden lifting of COVID-19 restrictions in China and the lingering negative impact on the Company's business and sales. The Company noted financial results are not comparable with results from prior years, as ongoing business uncertainties required it to take multiple provision charges, while prior periods separately benefited from non-recurring subsidies. For the fiscal 2023 fourth quarter, net sales were $1.7 million compared to $3.0 million in the year ago period, reflecting the ne
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 , Sept. 4, 2024 /PRNewswire/ -- Highway Holdings Limited (NASDAQ:HIHO, the ", Company", or ", Highway Holdings", ))) today announced the Company received an initial order of 100,000 units for a new model of brushless electric motor from one of its largest strategic customers. The new motor was designed and manufactured by the Company specifically for such customer, with the Company serving as the Original Design Manufacturer ("ODM"), rather than as an Original Equipment Manufacturer ("OEM"). Roland Kohl, chairman, president and chief executive officer of Highway Holdings, commented, "We are very pleased to finally get this order. The development began nearly five years ago under a
HONG KONG , Aug. 1, 2024 /PRNewswire/ -- Highway Holdings Limited (NASDAQ:HIHO) today reported financial results for the first quarter of fiscal year 2025 ended June 30, 2024. Net sales for the first quarter of fiscal year 2025 ended June 30, 2024 increased 39.3% to $1.88 million compared with $1.35 million in the first quarter of fiscal year 2024. Net gain for the first quarter of fiscal year 2025 was $98,000, or $0.02 per diluted share, compared with net loss of $338,000, or a loss of $0.08 per diluted share in the first quarter of fiscal year 2024. Roland Kohl, chairman, president and chief executive officer of Highway Holdings, commented, "We are seeing signs of improvement and have rea
HONG KONG, July 19, 2024 /PRNewswire/ -- Highway Holdings Limited (NASDAQ:HIHO) today reported results for the fiscal fourth quarter and fiscal year ended March 31, 2024. The Company notes that financial results are not comparable with results in prior years, as ongoing business uncertainties required it to take multiple provision charges. For the fiscal 2024 fourth quarter, net sales were $1.4 million compared to $1.7 million in the year ago period, reflecting the ongoing negative impact of the COVID-19 pandemic and subsequent boom and bust period, which led to a sudden reduction in sales and inventory imbalance at the Company's customers and a material decline in new orders. Gross profit
HONG KONG, July 12, 2024 /PRNewswire/ -- Highway Holdings Limited (NASDAQ:HIHO) (the "Company" or "Highway Holdings") today announced it has restated its unaudited quarterly financial statements for the three and nine months ended December 31, 2023, which were released in an earnings press release on February 1, 2024. The decision to restate the financial statements was approved on July 12, 2024 by Highway Holdings' Board of Directors upon the recommendation of the Audit Committee of the Board of Directors and after consultation with management. Investors should no longer rely upon the previously released financial statements cited above. Similarly, any other press releases and investor com
HONG KONG, April 2, 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 May 3, 2024 to shareholders of record on April 22, 2024. Roland Kohl, chairman, president and chief executive officer of Highway Holdings, commented, "This latest distribution continues our track record of consistently building value for investors, regardless of market conditions. We have maintained a solid financial foundation while continuing to support the near and long-term growth opportunities that will propel our company forward. Bas
HONG KONG, Feb. 1, 2024 /PRNewswire/ -- Highway Holdings Limited (NASDAQ:HIHO) (the "Company" or "Highway Holdings") today reported financial results for its fiscal third quarter and nine months ended December 31, 2023, with a 60% increase in revenue and a $0.06 increase in diluted earnings per share for the fiscal third quarter of 2024, both compared to the year ago period. Net sales for the third quarter of fiscal year 2024 increased 60% to $4.1 million compared with $2.6 million in the year ago period. Net income for the third quarter of fiscal year 2024 increased to $302,000, or $0.07 per diluted share, compared with $52,000 or $0.01 per diluted share in the year ago period. Net sales
HONG KONG, Dec. 11, 2023 /PRNewswire/ -- Highway Holdings Limited (NASDAQ:HIHO, ", the Company", or ", Highway Holdings", ))) today announced it has signed a non-binding letter of intent to acquire a majority stake in Synova Metall- und Kunststofftechnik GmbH ("Synova"). Synova has been a comprehensive original equipment manufacturer ("OEM") for the production of electrotechnical and electromechanical components based in Germany for over 60 years. Synova's core competencies lie in plastic injection molding technology and metal technology. The customer base includes well-known companies in the automotive and electrical industries as well as manufacturers of optics and supply technology. The
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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
Gainers Highway Holdings (NASDAQ:HIHO) shares increased by 18.3% to $2.33 during Monday's after-market session. The market value of their outstanding shares is at $10.2 million. Blue Bird (NASDAQ:BLBD) stock moved upwards by 11.09% to $24.23. The market value of their outstanding shares is at $779.3 million. As per the press release, Q4 earnings came out today. JanOne (NASDAQ:JAN) stock increased by 8.19% to $0.59. The company's market cap stands at $2.9 million. Ocean Power Techs (AMEX:OPTT) stock increased by 4.96% to $0.32. The market value of their outstanding shares is at $18.5 million. FREYR Battery (NYSE:FREY) shares moved upwards by 4.81% to $1.96. The market value of their outs
Highway Holdings Limited (NASDAQ:HIHO, ", the Company", or ", Highway Holdings", ))))) today announced it has signed a non-binding letter of intent to acquire a majority stake in Synova Metall- und Kunststofftechnik GmbH ("Synova"). Synova has been a comprehensive original equipment manufacturer ("OEM") for the production of electrotechnical and electromechanical components based in Germany for over 60 years. Synova's core competencies lie in plastic injection molding technology and metal technology. The customer base includes well-known companies in the automotive and electrical industries as well as manufacturers of optics and supply technology.The companies entered strategic discussions a
Tuesday marks the last chance for investors to receive the next dividend payout from Highway Holdings (NASDAQ:HIHO). What's Happening The company announced on Thursday that it would pay shareholders a quarterly dividend of 5 cents per share. On Wednesday, Highway Holdings will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 5 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Wednesday. Shareholders who own HIHO as of the end of Tuesday's session are eligible to receive the 5 cents div
Highway Holdings (NASDAQ:HIHO) reported quarterly earnings of $0.05 per share. This is a 50 percent decrease over earnings of $0.10 per share from the same period last year. The company reported $1.32 million in sales this quarter. This is a 56.62 percent decrease over sales of $3.04 million the same period last year.
With U.S. stock futures trading higher this morning on Monday, some of the stocks that may grab investor focus today are as follows: Wall Street expects Packaging Corporation of America (NYSE:PKG) to report quarterly earnings at $1.92 per share on revenue of $1.99 billion after the closing bell. Packaging Corp shares fell 3.4% to close at $144.48 on Friday. Presto Automation Inc (NASDAQ:PRST) filed for mixed shelf of up to $75 million. The company also promoted Justin Foster to Chief Revenue Officer, effective immediately. Presto Automation shares dipped 9.7% to $1.40 in the after-hours trading session. Analysts expect Cleveland-Cliffs Inc. (NYSE:CLF) to earn 44 cents per share on re
Highway Holdings (NASDAQ:HIHO) reported quarterly losses of $(0.08) per share. This is a 180 percent decrease over earnings of $0.10 per share from the same period last year. The company reported $1.35 million in sales this quarter. This is a 55.64 percent decrease over sales of $3.04 million the same period last year.