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ALERT: Tariffs Pose No Material Impact to Highway Holdings' Business
Prnewswire· 2025-04-15 11:00
HONG KONG, April 15, 2025 /PRNewswire/ -- Highway Holdings Limited (Nasdaq: HIHO, the "Company" or "Highway Holdings") today confirmed it does not expect a material impact from the recent imposition of higher U.S. tariffs on imports into the U.S. from China. The Company had less than 4% of its total products exported to the U.S. over the last twelve months, with approximately 3% from China and approximately 1% from Myanmar, and the Company has no present dependence on the U.S. market. "The other reality is ...
Update on Myanmar Earthquake; Highway Holdings Maintains Normal Operations with No Damage or Loss of Life
Prnewswire· 2025-04-03 11:00
HONG KONG, April 3, 2025 /PRNewswire/ -- Highway Holdings Limited (Nasdaq: HIHO, "the Company" or "Highway Holdings") today confirmed it continues normal operations without any damage to its Myanmar factory or facilities, or harm to its Myanmar-based employees. Highway Holdings' factory and facilities are based in Yangon approximately 400 miles south of the March 28 earthquake's epicenter near Mandalay, which left all of Highway Holdings' employees, its factory and its facilities unharmed and in normal oper ...
HIGHWAY HOLDINGS APPOINTS MARCUM ASIA AS NEW AUDITOR
Prnewswire· 2025-03-07 12:00
HONG KONG, March 7, 2025 /PRNewswire/ -- Highway Holdings Limited (Nasdaq: HIHO) (the "Company" or "Highway Holdings") today announced the appointment of Marcum Asia CPAs LLP, New York ("Marcum Asia") as its new independent auditor, effective immediately and succeeding Hong Kong-based ARK Pro CPA & Co ("ARK"). The appointment is part of the Company's ongoing commitment to maintaining the highest professional financial reporting to its stakeholders.  This appointment follows a comprehensive selection process ...
Sterling Announces Amendment to Road and Highway Builders, LLC Operating Agreement
Prnewswire· 2025-01-07 22:56
THE WOODLANDS, Texas, Jan. 7, 2025 /PRNewswire/ -- Sterling Infrastructure, Inc. (NasdaqGS: STRL) ("Sterling" or "the Company") today announced that it executed an amendment to its Road and Highway Builders, LLC ("RHB") Operating agreement on December 31, 2024. This amendment changes the way that RHB results are reported under Generally Accepted Accounting Principles ("GAAP"), but does not change RHB's historical or future contribution to Sterling's consolidated net income.Since 2012, Sterling has held a 50 ...
Hilco Commercial Industrial and Ritchie Bros. Selected to Oversee Sale of Highway Equipment Company Assets
Prnewswire· 2024-12-05 15:05
Asset sale offers unique opportunity to acquire extensive highway, construction, and material handling equipment across multiple statesNORTHBROOK, Ill., Dec. 5, 2024 /PRNewswire/ -- Hilco Commercial Industrial (HCI) and Ritchie Bros. Auctioneers (Ritchie Bros.)  are pleased to announce their engagement to monetize assets owned by Highway Equipment Company, a trusted name in material handling equipment. Established in 1933, the Pennsylvania-based company was one of America's leading providers of highway, con ...
Heroes Wanted: Goodyear Announces Call for 41st Annual Highway Hero Award Nominations
Prnewswire· 2024-11-14 14:03
Goodyear's Highway Hero Award will celebrate commercial truck drivers' extraordinary acts of courageAKRON, Ohio, Nov. 14, 2024 /PRNewswire/ -- Today, The Goodyear Tire & Rubber Company (NASDAQ: GT) announced it is now accepting nominations for its annual Highway Hero Award. Since 1983, Goodyear has been recognizing commercial truck drivers who go above and beyond their regular duties to keep our highways safe. The Goodyear Tire & Rubber Company today announced the winners of the Goodyear Highway Hero Aw ...
Highway Holdings(HIHO) - 2025 Q2 - Quarterly Report
2024-10-11 20:00
Exhibit 99.1 NEWS RELEASE HIGHWAY HOLDINGS REPORTS SECOND QUARTER FISCAL YEAR 2025 RESULTS · 60.1% Year Over Year Increase in Second Quarter Revenue · 117.8% Year Over Year Increase in Second Quarter Gross Profit · Cash and Cash Equivalents of $1.28 Per Diluted Share HONG KONG — October 10, 2024— Highway Holdings Limited (Nasdaq: HIHO, "the Company" or "Highway Holdings") today reported results for the second quarter of fiscal year 2025 and the six months ended September 30, 2024, with second quarter of fis ...
Highway Holdings Declares $0.02 Cash Dividend per Share; Company Sets Dividend Record and Distribution Dates
Prnewswire· 2024-09-24 11:00
HONG KONG, Sept. 24, 2024 /PRNewswire/ -- Highway Holdings Limited (Nasdaq: HIHO, "the Company" or "Highway Holdings") today announced the Company's Board of Directors declared 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 chief executive officer of Highway Holdings, commented, "We are pleased to maintain our long track record of consistently returning capital to shareholders while fo ...
Highway Holdings Receives Initial Customer Order for New Brushless Electric Motor
Prnewswire· 2024-09-05 03:13
HONG KONG , Sept. 4, 2024 /PRNewswire/ -- Highway Holdings Limited (Nasdaq: HIHO, the "Company" or "Highway Holdings") today announced the Company received an initial order of 100,000 units for a new model of brushless electric motor from one of its largest strategic customers. The new motor was designed and manufactured by the Company specifically for such customer, with the Company serving as the Original Design Manufacturer ("ODM"), rather than as an Original Equipment Manufacturer ("OEM").Roland Kohl, c ...
Dragonfly Energy Powers Highway Transport's Fleet with Battle Born All-Electric APUs
GlobeNewswire News Room· 2024-08-12 11:30
Highway Transport, a North American leader in liquid chemical transportation, will begin integrating the Battle Born All-Electric APU into their fleet.The Battle Born All-Electric APU offers a comprehensive lithium iron phosphate (“LiFePO4”) based power solution that is expected to reduce Highway Transport’s fuel costs while increasing sustainability through emission reductions.This agreement demonstrates another major step forward for Dragonfly Energy as the Company continues to penetrate the commercial tr ...