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 (Nasdaq: HIHO) has announced that recent U.S. tariff increases on Chinese imports will not materially impact its business operations. The company revealed that only 4% of its total product exports to the U.S. over the past year, with 3% originating from China and 1% from Myanmar.
The company's CEO Roland Kohl emphasized that most of their revenue comes from European customers, with minimal U.S. market exposure. Additionally, Kohl suggested that increased tariffs on Chinese imports could potentially benefit Highway Holdings' Myanmar operations, as Chinese manufacturers might relocate production to countries with lower tariff rates like Myanmar.
Highway Holdings (NASDAQ: HIHO) has confirmed its Myanmar operations continue normally following the March 28 earthquake near Mandalay. The company's factory and facilities in Yangon, located approximately 400 miles south of the earthquake's epicenter, sustained no damage and all employees remained unharmed.
CEO Roland Kohl highlighted that the company's factory was specifically constructed with a flexible metal structure designed to withstand earthquakes. The Myanmar operation, noted for its lower operating costs and quality workforce, continues to be described as a rewarding investment. The company has opted to provide direct financial assistance to employees with families in affected areas rather than making institutional donations.
Highway Holdings (Nasdaq: HIHO) has appointed Marcum Asia CPAs LLP as its new independent auditor, replacing Hong Kong-based ARK Pro CPA & Co. The change is effective immediately and comes with no disagreements with the previous auditor on accounting principles, practices, or procedures.
The appointment, approved by the audit committee and board of directors, is part of the company's strategy to upgrade corporate standards in preparation for generational transition and future growth. The company conducted a comprehensive selection process to ensure high-quality professional service.
This change follows a recent comprehensive restructuring of Highway Holdings' Board of Directors, which included the addition of four new directors with expertise in multinational business, finance, manufacturing, entrepreneurship, strategy, and M&A.
Highway Holdings (NASDAQ: HIHO) has announced the appointment of four new directors to its Board, marking a significant restructuring aimed at rejuvenating the company's leadership. The new appointments include Patrick Michaels (49, investment banking expert), Marcus Bagnall (39, legal and M&A specialist), Annie Leung Hoi Ling (36, manufacturing operations expert), and Brian Chu Chong Tat (52, education and entrepreneurship professional).
This restructuring is part of Highway Holdings' preparation for a generational transition and new growth strategy. The company, which has been listed on Nasdaq for 29 years, is seeking to reduce its reliance on traditional OEM business and expand into additional business areas. The board now consists of 9 members, including 2 females, representing diverse expertise, nationalities, and cultures.
Highway Holdings (NASDAQ: HIHO) reported mixed financial results for Q3 FY2025 and nine months ended December 31, 2024. While nine-month revenue increased 21% to $5.9 million with net income of $421,000 ($0.10 per share), Q3 showed declines with revenue down 13.5% to $1.9 million and net income dropping to $92,000 ($0.02 per share).
The company's gross margin for Q3 FY2025 was 34%, down from 41% year-over-year, while nine-month gross margin improved to 36.5%. The company maintained a strong financial position with $5.2 million in cash ($1.19 per diluted share) and a current ratio of 2.56:1.
Management noted ongoing challenges from macro uncertainties but is pursuing growth strategies including a restructured deal with Synova, exploring manufacturing options outside Asia, and developing a new business line for diversification.
Highway Holdings (Nasdaq: HIHO) announced that its Board of Directors has declared a cash dividend of $0.05 per common share. The dividend will be distributed on December 24, 2024 to shareholders recorded as of December 12, 2024.
Highway Holdings (Nasdaq: HIHO) reported strong results for the second quarter of fiscal year 2025, with revenue growth of 60.1% and gross profit growth of 117.8% year-over-year. The company's Q2 FY2025 gross profit was $834,000, with a gross profit margin of 39.4%. Despite the positive results, the company cautioned that net income comparisons may not accurately reflect progress due to a reversal of bad debt provisions in the previous year. Highway Holdings maintains a strong financial position with over $5.6 million in cash and a net cash positive position. The company is optimistic about future growth, citing an upcoming motor project and potential new ventures.
Highway Holdings (Nasdaq: HIHO) has announced 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 CEO of Highway Holdings, expressed satisfaction with the company's consistent track record of returning capital to shareholders. He noted that while the company has not fully recovered to pre-COVID business levels, there are signs of improvement. Kohl highlighted the company's maintained financial strength and expressed confidence in its long-term prospects and ability to build on positive momentum through 2024.
Highway Holdings (Nasdaq: HIHO) has received an initial order of 100,000 units for a new model of brushless electric motor from one of its largest strategic customers. The company designed and manufactured this motor specifically for the customer, acting as an Original Design Manufacturer (ODM) rather than an Original Equipment Manufacturer (OEM).
The development of this motor began nearly five years ago but faced significant delays due to COVID-19. Highway Holdings already manufactures synchron and stepping motors for another major customer, and this new brushless electric motor is expected to be a significant addition to their production lines. The company anticipates becoming a leading supplier of this motor type to the customer, with the increased demand expected to boost production volume and contribute significantly to revenue growth in the near future.
Highway Holdings (Nasdaq: HIHO) reported a 39.3% increase in net sales to $1.88 million for Q1 FY2025, compared to $1.35 million in Q1 FY2024. The company achieved a net gain of $98,000, or $0.02 per diluted share, reversing a net loss of $338,000 in the previous year. Gross profit increased to $661,000 (35% margin), up from $377,000 (28% margin) in Q1 FY2024. The company maintained a strong financial position with $6.0 million in cash and cash equivalents, exceeding combined liabilities by $1.65 million. CEO Roland Kohl expressed cautious optimism, citing increased orders from customers and potential new business lines contributing to future growth.
