Record-Breaking Net Sales and Gross Profit
Net sales increased 5.9% to a record $208.2 million, and gross profit increased to a record $41.3 million for the fiscal 2025 second quarter.
Cash Flow and Debt Reduction
Generated approximately $22.9 million in cash from operating activities and reduced net bank debt by $22 million during the quarter.
New Business and Operational Efficiencies
Secured meaningful new business commitments across all product lines, with operational efficiencies realized from brake-related products, leading to consolidated margin improvement.
Positive Long-term Industry Dynamics
Favorable long-term industry dynamics with 98.8% of the U.S. car park being hybrid and internal combustion engine vehicles, supporting sustainable top and bottom-line growth.