Welcome to our dedicated page for Highway Hldgs news (Ticker: HIHO), a resource for investors and traders seeking the latest updates and insights on Highway Hldgs stock.
Highway Holdings Ltd (HIHO) is a global manufacturer of precision metal, plastic, and electronic components for OEM partners and industrial markets. This dedicated news hub provides investors and industry professionals with centralized access to the company's official announcements and operational developments.
Our continuously updated collection features earnings reports, product innovation announcements, and strategic partnership updates. Users can track HIHO's manufacturing advancements in metal stamping, electrical components, and automation solutions across global markets.
The resource simplifies monitoring of key performance indicators through quarterly financial disclosures, leadership updates, and production capacity expansions. All content is sourced directly from company filings and verified channels to ensure reliability.
Bookmark this page for efficient tracking of HIHO's engineering developments, European market activities, and quality assurance initiatives. Stay informed about the company's role in supplying critical components to electronics, appliances, and industrial equipment sectors.
Highway Holdings Limited (HIHO) has declared a cash dividend of
Highway Holdings Limited (Nasdaq: HIHO) reported Q1 fiscal 2023 results ending June 30, 2022. Net sales decreased to $2.94 million from $2.99 million year-over-year. However, net income rose to $390,000 ($0.09 per diluted share) compared to $333,000 ($0.08 per diluted share) a year ago. Gross profit improved to $1.052 million with a gross profit margin of 35.7%. The company benefited from government financial assistance due to COVID-related shutdowns, although operations remain challenged by ongoing restrictions. Cash and equivalents were $6.4 million, indicating solid liquidity.
Highway Holdings Limited (Nasdaq: HIHO) reported significant growth in its fiscal year 2022, with net sales rising 34.8% to $12.4 million and returning to profitability with net income of $443,000, or $0.11 per diluted share. The fourth quarter net sales surged 62.8% to $3.0 million. Factors contributing to this success included improved operations in Myanmar and China, enhanced electronic component deliveries, and increased demand, especially in Europe. Gross profit also improved, reaching $3.8 million for the year.
Highway Holdings Limited (Nasdaq: HIHO) has declared a cash dividend of
Highway Holdings Limited (Nasdaq:HIHO) reported its fiscal 2022 third-quarter results, showing a robust year-over-year growth despite ongoing COVID-19 challenges. Net sales rose by 18% to $3.0 million, with net income climbing to $240,000, or $0.06 per diluted share. For the nine-month period, net sales increased by 28% to $9.4 million, and net income surged to $812,000, or $0.19 per diluted share. However, gross margin decreased to 28.6% from 34.1% due to supply chain issues, and the company incurred a $20,000 currency exchange loss. The cash position stood at approximately $6.8 million, reflecting strategic pre-payments for materials.
Highway Holdings Limited (Nasdaq: HIHO) has announced a cash dividend of
Highway Holdings Limited (Nasdaq: HIHO) reported a strong fiscal 2022 second quarter with net sales increasing 23.7% to $3.4 million and net income rising to $242,000 from $229,000 a year ago. For the six-month period, net sales hit $6.4 million, up 33.2%, with net income of $575,000 compared to $6,000 previously. Despite challenges from COVID-19 and raw material shortages, the company expressed optimism about future business growth. Gross profit for the quarter was $1,093,000, but the gross profit margin slipped to 32.5%.
Highway Holdings Limited (Nasdaq: HIHO) has declared a cash dividend of $0.06 per share on its common stock. This dividend will be paid on October 12, 2021, to shareholders of record as of September 7, 2021. Highway Holdings is recognized for manufacturing quality parts for major equipment manufacturers, primarily in Germany, with operations based in Hong Kong, Myanmar, and China.
Highway Holdings Limited (Nasdaq: HIHO) reported a strong fiscal 2022 first quarter, with net sales rising 46% to $3.0 million from $2.1 million year-over-year. The company shifted from a net loss of $223,000 to a net income of $333,000, equating to $0.08 per diluted share. Gross profit improved to $930,000 with a margin of 31%, up from 25%. SG&A expenses decreased by $113,000, resulting in a lower ratio to sales. The company maintains a solid financial footing with $7.7 million in cash and equivalents, surpassing liabilities by $2.2 million.
Highway Holdings Limited (Nasdaq: HIHO) reported a challenging fiscal year ended March 31, 2021, largely due to the COVID-19 pandemic and a military coup in Myanmar. Q4 net sales fell to $1.8 million from $2.9 million year-over-year, leading to a net loss of $551,000, or $0.14 per share, compared to a profit of $563,000 a year earlier. Total sales for fiscal 2021 were $9.2 million, down from $12.6 million, resulting in a net loss of $461,000. Despite these setbacks, the company regained operational capacity in Myanmar and expects improved results in the upcoming fiscal year as production resumes.
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