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 Limited (NASDAQ: HIHO) is an international OEM-focused manufacturer that supplies parts and products to blue chip equipment manufacturers based primarily in Germany. The company operates administrative offices in Hong Kong and maintains manufacturing facilities in Yangon, Myanmar and Shenzhen, China, giving it a multi-country production footprint that often features in its public updates and news flow.
The Highway Holdings news stream typically centers on developments that affect its OEM manufacturing business and strategic direction. Investors and observers can find regular coverage of quarterly and annual financial results, where the company discusses net sales, gross profit, margins, and the impact of customer demand patterns and macroeconomic conditions on its operations. Management commentary in these releases often highlights the health of key OEM relationships, changes in motor OEM programs, and the return or ramp-up of business from specific customers, including gaming-related and proprietary CO₂ cleaning machine orders.
News about Highway Holdings also includes strategic initiatives and corporate actions. The company has reported on efforts to diversify beyond its traditional OEM model, evaluations of mergers and acquisitions, and a letter of intent to acquire a majority stake in Regent-Feinbau Adermann GmbH, a German precision sheet metal and welded assembly specialist. Other announcements cover board and governance changes, such as the appointment of new directors and a new independent auditor, as well as dividend declarations.
Operational updates, including statements on the resilience of the Myanmar factory following an earthquake and commentary on the impact of U.S. tariffs, provide additional context on how Highway Holdings manages its international footprint. This news page allows readers to follow the company’s financial performance, strategic evaluations, facility updates and governance changes through its own press releases and related disclosures.
Highway Holdings Limited (Nasdaq: HIHO) has declared a cash dividend of $0.02 per share for its common stock. This dividend will be paid on April 8, 2021, to shareholders on record by March 1, 2021. The company primarily manufactures parts for major equipment manufacturers located in Germany and operates from administrative offices in Hong Kong, with manufacturing facilities in Yangon, Myanmar, and Shenzhen, China. Investors are advised to review potential risks and uncertainties discussed in the company’s SEC filings.
Highway Holdings Limited (Nasdaq:HIHO) reported fiscal third quarter results with net sales of $2.5 million, down from $3.6 million a year ago. Net income was $84,000, or $0.02 per diluted share, compared to $318,000, or $0.08 per diluted share, previously. For the nine months, net sales were $7.3 million, down from $9.6 million, with net income at $90,000, or $0.02 per diluted share. The results were affected by COVID-19 and trade issues impacting supply chains. Gross margins improved to 34.0% for the quarter, while reduced SG&A expenses aided performance. The company's cash position is $7.5 million.
Highway Holdings Limited (Nasdaq: HIHO) announced a manufacturing order valued at approximately $1.5 million from California-based Playmaji for their new Polymega gaming console. This marks the first order under a two-year exclusive contract that could yield at least $8.8 million if fully utilized. Initially, production will occur in China due to travel restrictions. The company anticipates meaningful sales contributions from this product line in the coming years, driven by consumer marketing initiatives and a rise in home entertainment demand due to the pandemic.
Highway Holdings Limited (Nasdaq: HIHO) declared a cash dividend of $0.06 per share on its common stock. The dividend payment is scheduled for November 25, 2020, to shareholders of record as of November 3, 2020. This announcement reflects the company’s ongoing commitment to returning value to shareholders. Highway Holdings is an international manufacturer serving blue chip equipment producers in Germany, with operations based in Hong Kong, Yangon, Myanmar, and Shenzhen, China.
Highway Holdings Limited (Nasdaq: HIHO) reported Q2 and six-month results for fiscal 2021, showing net sales of $2.7 million, down from $3.2 million a year prior. Despite this decline, net income improved to $229,000, or $0.06 per diluted share, compared to a net loss last year. Total sales for the first half were $4.8 million, down from $6.0 million, with a modest net income of $6,000. The company benefited from government subsidies amid the pandemic and reported a strong balance sheet with cash exceeding $8.6 million. Gross profit for Q2 was $931,000, reflecting a 34.2% margin.
Highway Holdings Limited (Nasdaq: HIHO) announced a pilot program to manufacture a security-related product for a U.S.-based company with a strong industrial and home security background. The manufacturing will occur in Myanmar, chosen for its operational capabilities as a China alternative. The initial order volume is modest, but both parties aim for a long-term partnership. The move reflects a broader strategy to attract U.S. and European businesses seeking suppliers outside of China, driven by supply chain challenges and trade tensions.