Strong Personal Mobility Growth
Personal mobility had another quarter of double-digit growth, contributing significantly to the results.
Adjusted EBITDA Margin Performance
Adjusted EBITDA margin solidly exceeded 22%, with a gross margin expansion of 40 basis points.
Free Cash Flow and Leverage Improvement
Free cash flow grew 11% year-over-year, and net leverage declined to 2.2x, with a target to go below 2x by year-end.
Increase in 2025 Guidance
Adjusted EBITDA midpoint raised to $780 million, and adjusted EPS midpoint increased to $1.48.
Data Center Market Opportunities
Significant acceleration in quoting and booking activity in the data center market, with expected positive impact in 2026.
Personal Mobility Business Outlook
The opportunity pipeline exceeds $300 million, aiming for significant revenue growth by 2028.