Strong Revenue Growth
Consolidated net sales were $544 million for Q3, up 7.9% year-over-year. Light Duty net sales increased 9% year-over-year.
Robust Margin Expansion
Adjusted operating margin for Q3 2025 was 20.5%, a 340 basis point increase over last year's third quarter. Adjusted gross margin for the quarter was 44.4%, a 390 basis point increase compared to last year's third quarter.
EPS Growth
Adjusted diluted EPS grew 34% year-over-year to $2.62, driven by growth, margin expansion, and timing dynamics of pricing and costs related to tariffs.
Supplier Diversification Initiatives
Efforts to reduce overall supply from China to 30% to 40% by exiting 2025 contributed to margin improvement.