Corrected: Hong Kong's Highway Holdings Q1 profit rises on OEM stabilization, regent feinbau

Highway Holdings

20/07/2026 12:11

Corrects metric name to "net income attributable to shareholders", from "net income", in table

Overview
Hong Kong manufacturer reported fiscal Q1 revenue up 29% yr/yr, gross profit up 58%
Company returned to operating profitability after prior-year loss
Gross margin expanded by 800 bps to 42% as OEM business stabilized and Regent-Feinbau contributed

Outlook
Company is prioritizing partnerships to diversify revenue and reduce reliance on OEM manufacturing
Company aims to build a more resilient business with broader customer exposure and product-led revenue

Result Drivers
REVENUE MIX AND EXECUTION - Co said improved revenue mix and execution drove operating profit turnaround
OEM STABILIZATION AND REGENT-FEINBAU - Co said OEM operations stabilized and Regent-Feinbau contributed in its first full quarter
OPERATING LEVERAGE - Revenue grew faster than overhead, reducing SG&A expenses as a percentage of sales and supporting operating income

Company press release: ID:nPn4cfbcPa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
 
$2 mln
 
Q1 EPS
 
$0.02
 
Q1 Net Income attributable to shareholdrers
 
$109,000

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)