Significant Revenue Growth
The company reported a nearly 27% growth in top-line revenue, with a 4% increase excluding the newly acquired Nissens business, indicating strong market performance.
Increased EBITDA
Adjusted EBITDA increased by $20 million, up 190 basis points to 12%, driven by contributions from the Nissens acquisition and other segments.
Strong Performance in Aftermarket Segments
Vehicle Control sales were up nearly 7%, and Temperature Control sales increased by 5.5% over the previous year.
Nissens Acquisition Success
Nissens contributed $90 million in revenue with mid- to high single-digit growth, exceeding expectations and showing strong market penetration.
New Distribution Center Opening
The company announced the opening of a new 575,000 square foot distribution center in Shawnee, Kansas, aiming to improve capacity and risk mitigation.