Strong New Business Awards
Secured over $600 million in new automotive business in Q2 and $1 billion year-to-date, including a significant award from Ford for the F-Series platform.
Adjustment in EBITDA Margin
Improved adjusted EBITDA margin performance by more than 100 basis points compared to the first quarter.
Success in Chinese Market
70% of Chinese awards were with domestic OEMs, aiming to shift customer mix from 80-20 to 60-40 in favor of domestic OEMs.
Growth in Lumbar and Massage Product Line
Lumbar and massage product line grew more than 15% year-to-date, expected to increase from $175 million in 2024 to over $300 million by 2027.
Expansion into Adjacent Markets
Secured 5 new awards in adjacent markets including commercial vehicles and powersports platforms.