Nexteer Automotive Group Stock Earnings Reports

Nexteer delivered a strong first half of 2025 driven by product launches, Chinese OEM momentum, and operational improvements. Business highlights: a record 31 program launches (23 new/conquest), $1.5 billion of new bookings in H1 with ~40% from Chinese OEMs, and traction in advanced Motion-by-Wire products (Steer-by-Wire, Rear Wheel Steering, EMB) plus the new MotionIQ software suite. Management remains on track for a $5 billion full-year bookings target. Financials: record H1 revenue of ~$2.24 billion (up ~6.8% YoY), EBITDA of $230 million (10.3% margin, +16.8% YoY), net profit of $63 million (4x YoY), positive free cash flow of $37 million, and a net cash position (~$367 million). Regional performance was led by APAC (revenue +15.5% YoY) while North America remains largest by revenue (51%) but faced tariff-related noise and a $7M troubled-supplier charge. Near-term items to monitor: U.S. tariff dynamics (management expects to be net tariff-neutral for the year), modest restructuring (~$3M H1 and ~$3M expected H2), potential EV program timing shifts in North America, and execution risks tied to supplier issues and geopolitical developments. Strategic positives: deeper by-wire/software positioning, expanded China/APAC manufacturing footprint (Changshu and Liuzhou), and clear focus on converting bookings into revenue and margin expansion.