Strong Free Cash Flow and Balance Sheet Position
Generated $292 million in free cash flow for 2024, with a cash on hand of $725 million and a net debt-to-EBITDA leverage of 1.2x.
Improved Book-to-Bill Ratios
Electronics segment book-to-bill at its highest since Q2 2022, with passives above 1, indicating potential recovery in demand.
Growth in Industrial and HVAC Segments
Industrial products segment saw a 12% organic sales increase in Q4, with strong demand in HVAC, data centers, and industrial safety applications.
Transportation Segment Margin Expansion
Achieved double-digit operating margins in the Transportation segment for 2024, reflecting significant margin expansion due to cost actions and pricing strategies.