Improved Free Cash Flow (2025)A return to strong operating and free cash flow in 2025 is a durable strength: sustained FCF funds capex, working capital and deleveraging without external financing, gives management optionality for program investments, and reduces refinancing risk over the medium term.
Material Deleveraging In 2025A sharp reduction in total debt materially lowers financial risk and interest burden, improving resilience to demand swings. Lower leverage increases flexibility to fund R&D, capital for awarded programs, and to absorb industry cyclicality over multiple quarters.
OEM-focused, Engineered Product ModelA focused OEM supplier model with engineered seating and interior modules creates recurring, program-tied revenue and deep product know-how. Long-term OEM relationships and integration into vehicle platforms support steady unit demand across end-markets and barriers to entry.