Record Double-Digit Adjusted EBITDA Margins
The Work Truck Solutions segment achieved record double-digit adjusted EBITDA margins, driven by operational improvements and outperformance of Henderson operations.
Successful Cost Savings Program
The 2024 cost savings program is on track to deliver $11 million to $12 million in sustainable annualized savings starting next year, with approximately $9 million realized in 2024.
Record Third Quarter Results for Solutions
Solutions segment delivered record third-quarter sales and earnings, with adjusted EBITDA increasing 44% and margins improving by 310 basis points.
Sale-Leaseback Transaction Optimization
Completed a sale-leaseback transaction generating $64.2 million in gross proceeds, optimizing the balance sheet and reducing term loan debt by $42 million.