Cost Reduction and Restructuring
Implemented cost reduction strategies, including facility closures and headcount reductions, resulting in an annual savings of $4 million.
Strategic Partnerships and New Contracts
Eberhard ramped up participation in the new United States Postal Service delivery vehicle project, awarded to partner Oshkosh.
Share Buyback Program
Completed a share buyback program with 400,000 shares repurchased, including 82,000 shares in the current quarter.
Inventory and Debt Reduction
Reduced inventories by $1.1 million and achieved net debt reduction of $4 million in Q2 2025.