Highway Hlds

Highway Holdings Ltd. engages in the manufacture of metal, plastic, electric and electronic components, subassemblies, and finished products. It operates through the Metal Stamping and Mechanical Original Equipment Manufacturer (OEM) and Electric OEM segments. The Metal Stamping and Mechanical OEM segment focuses on the manufacture and sale of metal parts and components. The Electric OEM segment is involved in the manufacture and sale of plastic and electronic parts, components, and machines. The company was founded by Roland W. Kohl on July 20, 1990 and is headquartered in Hong Kong.

Earnings data Q4 2021

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Highway Holdings Ltd. engages in the manufacture and sale of metal, plastic, and electronic parts and components. It operates through the Metal Stamping and Mechanical Original OEM and Electric OEM segments. The Metal Stamping and Mechanical OEM segment focuses on the manufacture and sale of metal parts and components. The Electric OEM segment is involved in the manufacture and sale of plastic and electronic parts, components, and motors. The company was founded by Roland W. Kohl on July 20, 1990 and is headquartered in Hong Kong.

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.

Highway Holdings Declares $0.05 Cash Dividend per Share; Company Sets Dividend Record and Distribution Dates

60.1% Year Over Year Increase in Second Quarter Revenue 117.8% Year Over Year Increase in Second Quarter Gross Profit Cash and Cash Equivalents of $1.28 Per Diluted Share HONG 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, we still have a lot of ground to make up to return to our normalized pre-COVID business level.

HIGHWAY HOLDINGS REPORTS SECOND QUARTER FISCAL YEAR 2025 RESULTS

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.

Highway Holdings Declares $0.02 Cash Dividend per Share; Company Sets Dividend Record and Distribution Dates

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.

Highway Holdings Receives Initial Customer Order for New Brushless Electric Motor

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.

HIGHWAY HOLDINGS REPORTS FIRST QUARTER FISCAL 2025 RESULTS; REVENUE INCREASES 39% YoY

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.

HIGHWAY HOLDINGS REPORTS FISCAL FOURTH QUARTER AND FULL YEAR 2024 RESULTS

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.

HIGHWAY HOLDINGS RESTATES UNAUDITED FINANCIAL STATEMENTS FOR 3 AND 9 MONTHS ENDED DECEMBER 31, 2023 RESULTING IN HIGHER NET INCOME FOR BOTH PERIODS

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.

HIGHWAY HOLDINGS REPORTS FISCAL 2024 THIRD QUARTER AND NINE MONTH RESULTS; THIRD QUARTER SALES INCREASE 60% YEAR OVER YEAR

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.

HIGHWAY HOLDINGS SIGNS NON-BINDING LETTER OF INTENT TO ACQUIRE MAJORITY OF SYNOVA METALL- UND KUNSTOFFTECHNIK GMBH

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.

Highway Holdings Declares $0.05 Cash Dividend per Share

HONG KONG , Oct. 23, 2023 /PRNewswire/ -- Highway Holdings Limited (Nasdaq: HIHO, "the Company" or "Highway Holdings") today reported results for the second quarter of fiscal year 2024 and the six months ended September 30, 2023. Reflecting the significantly negative impact of the post-COVID boom and bust cycle on Highway Holdings' customers' demand levels, which was made worse by the compounding effect of the ongoing Russia/Ukraine war and global inflation, net sales for the second quarter of fiscal year 2024 were $1.3 million, compared with $3.0 million in the year ago period.

HIGHWAY HOLDINGS REPORTS SECOND QUARTER FISCAL YEAR 2024 RESULTS

HONG KONG , Oct. 20, 2023 /PRNewswire/ -- Highway Holdings Limited (Nasdaq: HIHO) today reported financial results for the first quarter of fiscal year 2024. Net sales for the quarter ended June 30, 2023 were $1.35 million compared with $2.94 million in the first quarter of fiscal year 2023.

HIGHWAY HOLDINGS REPORTS FIRST QUARTER FISCAL 2024 RESULTS

HONG KONG , July 27, 2023 /PRNewswire/ -- Highway Holdings Limited (Nasdaq: HIHO, "the Company" or "Highway Holdings") today announced that it will resume manufacturing for Playmaji, Inc., the Los Angeles-based company behind the modular multi-system game console Polymega®. Highway Holdings previously announced a significant, multi-year order on October 15, 2020 to manufacture Playmaji's Polymega game consoles and accessories.

Highway Holdings to Resume Full Production for Playmaji

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.

HIGHWAY HOLDINGS REPORTS FISCAL FOURTH QUARTER AND FULL YEAR 2023 RESULTS

HONG KONG , May 22, 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 $0.10 per common share. The dividend will be paid on July 12, 2023 to shareholders of record on June 26, 2023.

Highway Holdings Declares $0.10 Cash Dividend per Share

HONG KONG , Feb. 15, 2023 /PRNewswire/ -- Highway Holdings Limited (Nasdaq:HIHO) (the "Company" or "Highway Holdings") today reported results for its fiscal third quarter and nine months ended December 31, 2022, with approximately $1.54 in cash per diluted share. Net sales for the third quarter of fiscal year 2023 were $2.6 million compared with $3.0 million a year ago, reflecting the renewed impact of the COVID-19 pandemic on the Company, its customers and its supply chain, which affected the Company's overall business in the fiscal third quarter.

HIGHWAY HOLDINGS REPORTS FISCAL 2023 THIRD QUARTER AND NINE-MONTH RESULTS

HONG KONG , Feb. 13, 2023 /PRNewswire/ -- Highway Holdings Limited (Nasdaq: HIHO) today announced that TÜV Rheinland Cert GmbH, a leader in independent testing, inspection and certification, has awarded the Company ISO 9001:2015 certification for its Myanmar factory's quality management system. This ISO 9001:2015 certified quality management systems is now existing in all the Company's factories, which not only ensures a consistent high quality of manufacturing process, but more importantly the Company expects this will help to attract new business, since purchase managers, are hesitant to issue orders to any factory without ISO certification.

HIGHWAY HOLDINGS RECEIVES ISO 9001:2015 CERTIFICATION FOR ITS MYANMAR FACTORY

HONG KONG , Nov. 15, 2022 /PRNewswire/ -- Highway Holdings Limited (Nasdaq: HIHO, "the Company" or "Highway Holdings") today announced the Company's Board of Directors has declared a new cash dividend of $0.05 per common share. The latest dividend will be paid on January 5, 2023 to shareholders of record on December 15, 2022.

Highway Holdings Declares Cash Dividend of $0.05 per Share; Follows $0.20 per Share Already Paid in 2022

HONG KONG , Nov. 8, 2022 /PRNewswire/ -- Highway Holdings Limited (Nasdaq: HIHO, "the Company" or "Highway Holdings") today announced the Company has received a new order from one of its Fortune 500 customers. The latest order is for the design, fabrication and manufacture of a new brushless motor series.

HIGHWAY HOLDINGS RECEIVES NEW ORDER FROM FORTUNE 500 CUSTOMER

HONG KONG , Oct. 17, 2022 /PRNewswire/ -- Highway Holdings Limited (Nasdaq: HIHO, "the Company" or "Highway Holdings") today reported results for its fiscal year 2023 second quarter and six-months ended September 30, 2022. Net sales for the second quarter of fiscal year 2023 were $3 million, compared with $3.4 million in the year ago period, reflecting the adverse impact of shutdowns, disruptions and supply chain issues related to the Zero-COVID policy in China and Hong Kong.

HIGHWAY HOLDINGS REPORTS SECOND QUARTER FISCAL YEAR 2023 RESULTS

HONG KONG--(BUSINESS WIRE)--Highway Holdings Limited (Nasdaq:HIHO) today announced its board of directors has declared a cash dividend of $0.15 per share on the company's common stock. The dividend will be paid on October 7, 2022 to shareholders of record on September 30, 2022. About Highway Holdings Highway Holdings is an international manufacturer of a wide variety of quality parts products for blue chip equipment manufacturers based primarily in Germany. Highway Holdings' administrative offi

Highway Holdings Limited Declares Cash Dividend

HONG KONG--(BUSINESS WIRE)--Highway Holdings Limited (Nasdaq: HIHO) today reported results for its fiscal 2023 first quarter ended June 30, 2022. Net sales for the fiscal 2023 first quarter were $2.94 million compared with $2.99 million a year earlier. Net income for the same period was $390,000, or $0.09 per diluted share, compared with $333,000, $0.08 per diluted share, a year ago. "Results for fiscal first quarter benefited from financial assistance provided by the Chinese and Hong Kong gove

Highway Holdings Reports Fiscal 2023 First Quarter Results

HONG KONG--(BUSINESS WIRE)--Highway Holdings Limited (Nasdaq: HIHO) today reported results for its fiscal year ended March 31, 2022 – reflecting a year-over-year improvement due to more normalized levels of operational activity at the company's factories since the beginning of the global pandemic, coupled with increased demand for products. Net sales for the fiscal 2022 fourth quarter increased 62.8 percent to $3.0 million from $1.8 million a year ago – reflecting the benefit of a more normaliz

Highway Holdings Reports Fiscal 2022 Fourth Quarter and Year-End Results

HONG KONG--(BUSINESS WIRE)--Highway Holdings Limited (Nasdaq:HIHO) today reported results for its fiscal 2022 third quarter and nine months ended December 31, 2021 – reflecting strong year-over-year improvement for both periods, despite the ongoing impact of COVID-19 and supply chain and delivery challenges. Net sales for the fiscal 2022 third quarter increased by 18 percent to $3.0 million from $2.5 million a year ago. Net income for the same period climbed almost three times to $240,000, or $

Highway Holdings Reports Strong Fiscal 2022 Third Quarter and Nine-Month Results

HONG KONG--(BUSINESS WIRE)--Highway Holdings Limited (Nasdaq: HIHO) today reported results for its fiscal 2022 second quarter and six-months ended September 30, 2021. Net sales for the fiscal 2022 second quarter increased 23.7 percent to $3.4 million from $2.7 million a year earlier. Net income for the same period was $242,000, or $0.06 per diluted share, compared with net income of $229,000, or $0.06 per diluted share, a year earlier. Net sales for the first half of fiscal 2022 increased 33.2

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