Strong Second Quarter Performance
The company reported strong second quarter performance, with consolidated net sales of $629.1 million, up from $616.9 million in the same period last year, reflecting a 7.7% increase excluding divested businesses.
Specialty Vehicles Segment Growth
Specialty vehicles segment sales increased by 12.2% year-over-year, driven by higher unit production of fire apparatus units and favorable mix of higher content ambulance units.
Significant Increase in Adjusted EBITDA
Consolidated adjusted EBITDA increased by 63.6% year-over-year, reaching $50 million compared to $37.5 million in the second quarter of 2024.
Fire Apparatus and Ambulance Group Achievements
The fire group achieved significant manufacturing throughput increases, contributing to top-line growth, while the ambulance group celebrated 50 years of innovation and growth.
Share Repurchase Program
The company repurchased approximately 2.9 million shares for $88 million, reflecting a strong commitment to returning value to shareholders.