Stable Performance in Extrusion Tooling
Despite challenges, the extrusion tooling operations delivered relatively stable results with sales remaining roughly flat year-over-year, demonstrating resilience across diverse end markets such as automotive, construction, and green energy.
Improved Dealer Inventories and OEM Incentives
U.S. consumer demand has remained resilient with improved dealer inventories and increased OEM incentives supporting sales despite high interest rates.
Operational Improvements in European Market
Halex operations in Europe outperformed local market conditions with improved profitability due to higher volumes, efficiency gains, and better integration with Exco's global operations.
Positive Trade Developments
Recent trade agreements with the EU, Japan, and South Korea have established a more predictable tariff framework, which is expected to bring stability to global automotive trade.