Federal-Mogul Corporation (FDML) - NASDAQ
  • Wed, Jun. 15, 12:00 PM
    | Wed, Jun. 15, 12:00 PM
  • Mon, Mar. 7, 2:07 PM
    • Select auto parts stocks are higher after Westport Innovations (WPRT +14%) and Fuel Systems Solutions (FSYS +4.9%) update their merger agreement.
    • M&A speculation has increased this year in the auto parts group.
    • Sector movers include Fenix Parts (FENX +11.4%), Federal-Mogul (FDML +9.4%), Accuride (ACW +8.3%), Superior Industries International (SUP +7.5%), and Stoneridge (SRI +8.3%).
    • Previously: Westport signs amendment to merger agreement with Fuel Systems (Mar. 07 2016)
    | Mon, Mar. 7, 2:07 PM | 1 Comment
  • Mon, Feb. 29, 12:55 PM
    | Mon, Feb. 29, 12:55 PM
  • Mon, Feb. 29, 9:17 AM
    | Mon, Feb. 29, 9:17 AM
  • Mon, Feb. 29, 8:24 AM
    • Federal-Mogul (NASDAQ:FDML) reports Powertrain division revenue rose 2.6% to $1.07B in Q4.
    • Motorparts division revenue fell 3.8% to $792M.
    • Americas sales grew 6% to $447M primarily driven by strong domestic aftermarket sales in the U.S.
    • EMEA sales declined 3% to $285M mainly due to softness in Western European aftermarket and OE sales.
    • Gross margin rate grew 250 bps to 15% for the quarter.
    • SG&A expense rate expanded 40 bps to 11%.
    • Operational EBITDA increased 37.8% to $164M.
    • Previously: Federal-Mogul beats by $0.10, misses on revenue (Feb. 29 2016)
    • +40.9% after the company received a buyout offer.
    | Mon, Feb. 29, 8:24 AM
  • Mon, Feb. 29, 7:10 AM
    • Already an owner of 82% of Federal-Mogul (NASDAQ:FDML), Icahn Enterprises (NASDAQ:IEP) offers $7 per share for the stock it doesn't have. That comes against a closing price of $4.98 on Friday.
    • The deal would need to be approved a special committee of independent directors of FDML and by a majority of non-Icahn-affiliated stockholders.
    • Source: Press Release
    | Mon, Feb. 29, 7:10 AM | 3 Comments
  • Mon, Feb. 1, 11:47 AM
    • The Pep Boys (NYSE:PBY) acquisition by Carl Icahn isn't expected by BB&T Capital Markets to do any favors for Federal-Mogul (FDML -7.3%). Federal-Mogul has been on watch since the deal announcement due to Icahn's sizable position in the automobile supplier.
    • BB&T's Tony Cristello explains: "By buying Pep Boys, (Icahn) has created a huge conflict of interest. I wouldn't be surprised if Pep Boys is the tipping point for Federal-Mogul's customers to look for other options."
    | Mon, Feb. 1, 11:47 AM
  • Wed, Jan. 20, 3:40 PM
    • Auto suppliers Federal-Mogul Holdings (FDML +11.1%), Motorcar Parts of America (MPAA +6.2%), Gentherm (THRM +5%), Meritor (MTOR +4.3%), and Stonebridge (SRI +2.8%) are all showing outsized gains on the day, despite global stock market declines. The sector has been off to a volatile start this year.
    • Tire stocks Goodyear Tire & Rubber (GT +2.2%) and Cooper Tire & Rubber (CTB +0.7%) are also in solid shape today.
    • Though some forecasts call for automobile sales growth to slow in China and the U.S. this year, strong demand from Europe is making up for some of the slack.
    • Previously: European automobile market stays on promising track (Jan. 18 2016)
    | Wed, Jan. 20, 3:40 PM | 1 Comment
  • Tue, Jan. 5, 11:31 AM
    • Many auto parts stocks are trailing off after key manufacturers (Ford, GM, Toyota, Fit Chrysler) miss forecasts with their December U.S. sales reports. The sector bounced last month when the rosy predictions first started piling in.
    • Weakness in China this week may be impacting sentiment on certain auto parts names as well.
    • Decliners include Modine Manufacturing (MOD -4.9%), Federal-Mogul (FDML -5.1%), Stoneridge (SRI -3.8%), American Axle & Manufacturing (AXL -3.1%), Delphi Automotive (DLPH -2.3%), Autoliv (ALV -2.3%), Meritor (MTOR -3.4%), Gentherm (THRM -2.3%), BorgWarner (BWA -1.8%), and Lear (LEA -2%).
    | Tue, Jan. 5, 11:31 AM | 2 Comments
  • Dec. 23, 2015, 1:35 PM
    • Auto parts stocks are solid outperformers on the day. The rally could be a reaction to estimates from TrueCar and Kelley Blue Book that showed U.S. auto sales popped in December. Both research firms predict a 13% Y/Y increase in sales for the month.
    • Notable advancers include Meritor (MTOR +4.5%), Dana Holding (DAN +3.9%), BorgWarner (BWA +3.2%), Stoneridge (SRI +2.7%), Tenneco (TEN +2.3%), Federal-Mogul (FDML +2.8%), Delphi Automotive (DLPH +1.9%), Allison Transmission (ALSN +2.1%), and Johnson Controls (JCI +2.1%).
    | Dec. 23, 2015, 1:35 PM | 2 Comments
  • Oct. 29, 2015, 12:24 PM
    | Oct. 29, 2015, 12:24 PM | 1 Comment
  • Oct. 28, 2015, 11:00 AM
    • Federal Mogul (FDML -5.5%) is lower on heavy volume after posting a Q3 earnings miss. Shares of the auto industry supplier were down as much as 22% to a 52-week lows before staging a comeback.
    • The company says operational EBITDA was negatively impacted by $22M due to foreign currency fluctuations.
    • Weaker demand from China than originally anticipated is also resetting some expectations on revenue.
    • Previously: Federal-Mogul misses by $0.04, misses on revenue (Oct. 28 2015)
    | Oct. 28, 2015, 11:00 AM
  • Sep. 22, 2015, 10:16 AM
    • The automobile parts sector is down again to follow a rout of European automaker stocks earlier in the day led by the dismantling of shares of scandal-ridden Volkswagen.
    • Losing business from Volkswagen is one concern, but a broader issue could be tighter emissions testing and compliance protocols in the industry.
    • Decliners include Tenneco (TEN -7.5%), Delphi Automotive (DLPH -4.3%), Allison Transmission Holdings (ALSN -4%), Federal-Mogul Holdings (FDML -4.4%), Lear (LEA -3.3%), Meritor (MTOR -3.8%), Dana Holding (DAN -3.7%), Autoliv (ALV -3.4%), Modine Manufacturing (MOD -2.8%), Standard Motor Products (SMP -2.3%), Stoneridge (SRI -3.6%), American Axle & Manufacturing (AXL -2.5%), and Johnson Controls (JCI -2.3%).
    • Previously: Volkswagen -35% in two-day drubbing after cheating scandal (Sep. 22 2015)
    | Sep. 22, 2015, 10:16 AM | 4 Comments
  • Jul. 29, 2015, 12:45 PM
    | Jul. 29, 2015, 12:45 PM | 7 Comments
  • Jul. 29, 2015, 10:25 AM
    • Federal-Mogul (FDML +12%) is higher after reporting a 16% increase in revenue for Q2 on a constant currency basis.
    • Operational EBITDA as a percentage of revenue fell 30 bps to 9.8% as F/X swings factored in.
    | Jul. 29, 2015, 10:25 AM
  • May 29, 2015, 10:39 AM
    • Automobile industry supplier stocks are tilting lower after WABCO and Modine Manufacturing issued guidance below the expectations of analysts.
    • F/X pressure and some uncertainty in the markets in Brazil and China are weighing on the sector.
    • Decliners: WABCO (NYSE:WBC) -2.9%, Modine Manufacturing (NYSE:MOD) -2.5%, Meritor (NYSE:MTOR) -2.4%, Motorcar Parts of America (NASDAQ:MPAA) -2.3%, Westport Innovations (NASDAQ:WPRT) -2.0%, Federal-Mogul (NASDAQ:FDML) -1.8%, Stoneridge (NYSE:SRI) -1.3%, Lydall (NYSE:LDL) -1.3%, Cooper-Standard Holdings (NYSE:CPS) -1.2%.
    | May 29, 2015, 10:39 AM | 1 Comment
Company Description
Federal-Mogul Holdings Corp. engages in supplying of products, brands, and solutions to manufacturers of automotive, light commercial, heavy-duty and off higway vehicles, as well as in power genration, aerospace, marine, rail, and industrial. It operates through Powertrain and Vehicle Components... More
Industry: Auto Parts
Country: United States