Strong Revenue Growth
Overall growth of nearly 25% with legacy business up nearly 4% and significant contribution from the newly acquired Nissens business.
Temperature Control Segment Growth
Temperature Control sales increased by nearly 15% over last year, driven by strong demand and market share gains.
Nissens Business Performance
Nissens contributed nearly $85 million in revenue and achieved a mid-teens EBITDA percentage, reflecting strong market performance and favorable currency translation.
Adjusted EBITDA Improvement
Adjusted EBITDA increased to 12.4% of net sales, with non-GAAP diluted earnings per share up 6.3% in Q3.
Positive Cash Flow and Debt Reduction
Cash generated from operations for the first 9 months was up $7.5 million, with a repayment of $47 million on the credit agreement.