Strong Backlog and Order Conversion
Secured 644 equivalent units in new orders with a 108.5% LTM book-to-bill ratio and a 71.8% option conversion rate. Total backlog now stands at 15,606 equivalent units worth USD 13.2 billion.
Improved Financial Metrics
Delivered a 52% year-over-year increase in adjusted EBITDA and a $12.8 million improvement in free cash flow. Liquidity increased by $240.2 million to reach $386 million at quarter-end.
Manufacturing and Aftermarket Growth
Transit deliveries were up 14% year-over-year. Manufacturing segment adjusted EBITDA increased by $36.1 million due to higher deliveries and improved pricing.
Supply Chain Improvements
Risk profile improved with high-risk suppliers reduced. Strategic investment in American Seating aims to enhance supply chain stability.