Nemak announced earnings results for the third quarter of fiscal 2017. For the quarter, the company reported consolidated operating income of $66 million, 35.9% lower than the year-ago figure. Reflecting the reduction in operating income, EBITDA finished at $153 million. This is 15.9% lower than third quarter of fiscal 2016. And EBITDA per unit was $13.1, which compares to $14.9 a year ago. Despite the decrease in EBITDA, the company's year-to-date free cash flow was $46 million better than last year, which speaks well of its capacity to prudently manage outflows, such as working capital and capital expenditures, under challenging industry conditions. Net income amounted to $11 million. That is an 81% decline over third quarter of fiscal 2016. The main factors were: the reduction of operating income; foreign exchange fluctuations, in particular the appreciation of the euro against the dollar, which increased the dollar value of euro-denominated debt; plus higher interest expenses. The company invested $93 million, continuing its efforts to optimize capital expenditures while adding capacity across the company's regions and product lines to support new program launches.

The company provided earnings guidance for the full year of fiscal 2017. The company again, ratifying its revenues of about $4.4 billion as well as $750 million in EBITDA for the year.