Strong Sales Performance
Net sales for the second quarter were $913 million, outperforming the industry in light vehicle turbo sales for both gasoline and diesel applications. Gasoline turbo sales grew by 4% in the quarter.
Adjusted EBIT and Cash Flow
Adjusted EBIT was $124 million with a margin of 13.6%, and the adjusted free cash flow was $121 million, representing a conversion of 62% of adjusted EBIT for the first half of 2025.
Capital Return to Shareholders
Repurchased $22 million of common stock and paid a $12 million quarterly dividend. The Board declared a third quarter dividend, and share count has been reduced by 39% since Q1 2023.
Business Wins and Program Extensions
Awarded over $1 billion of light vehicle program extensions, with some lasting until 2034. Secured significant wins in turbochargers for range-extended electric vehicles and E-Turbo programs.
Zero-Emission Technologies
Secured a proof-of-concept award for an E-Powertrain with a major European OEM and achieved a significant fuel cell compressor award from a leading Asian OEM.