Auto parts maker Tesma International has reported higher quarterly profits, crediting a stronger Canadian dollar and euro against the US dollar and better sales due to the acquisition of Davis Industries, according to Reuters.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more


Tesma reportedly posted a net profit of $US26.2 million, or 80 cents a share, for second quarter, compared with $21.2 million, or 66 cents a share, in the prior-year period.


Analysts had forecast, on average, a profit of 73 cents a share, according to Reuters Estimates.


Tesma, which is one of the Magna International group of companies, said revenues rose 22% to $340.4 million from $278.8 million in the same quarter in 2003, the report said.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Auto Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Auto Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving automotive industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now