Nexteer 2024 Results Announcement

Nexteer achieved revenue of US$4.276 billion in 2024, a year-on-year increase of 1.5%. Net profit reached US$61.72 million, a year-on-year increase of 68%. The company's gross profit margin was 10.49%, an increase of 1.73 percentage points year-on-year. Nexteer's revenue in North America was US$2.193 billion, a year-on-year decrease of 2.9%. In the Asia-Pacific region, revenue reached US$1.338 billion, a year-on-year increase of 10.1%, and the proportion increased to 31.3%. In Europe, the Middle East, Africa and South America (EMEASA), revenue was US$717 million, a slight year-on-year decrease.