Improved Financial Performance
The company delivered meaningful adjusted EBITDA growth with margins of 6%, which doubled year-over-year.
Successful Launch of Blue Arc
Completed a majority of the first contract for FedEx, with trucks actively deployed and positive feedback received.
Fleet Vehicles and Services Margin Expansion
Expanded margins by 290 basis points year-over-year through improved operational efficiency.
Strong Specialty Vehicles Segment
The segment continued to perform well with high teens margin and robust order intake for service trucks.
Innovative Product Launches
Unveiled new purpose-built vehicles, including the Utilimaster Trademaster Service Body and the Marketplace Dry Freight Truck, designed for enhanced productivity and efficiency.
Solid Balance Sheet
Maintained a net leverage ratio of less than 2x, providing flexibility for strategic investments.
Positive Customer Engagement
Record engagement at NTEA Work Truck Show with strong customer feedback and unveiling of new product innovations.