Strong Financial Performance
Adjusted EBITDA in Q4 was $87 million compared to $86.5 million in the prior year quarter. Earnings per share increased to $1.10 from $1.06 in the same period last year.
Market Share Gains in Automotive
Automotive shipments increased by 5% compared to the prior year quarter, driven by market share gains.
Strategic Acquisitions and Expansions
Closed on a 52% ownership stake in Sitem, expanding capabilities in the European electric motor lamination market. Progress continues on electrical steel expansions in Mexico and Canada.
Recognition and Awards
Named 2024 Supplier of the Year by General Motors and recognized as a Partner-level Supplier in the John Deere Achieving Excellence Program.
AI Implementation
Began integrating artificial intelligence to enhance productivity, improve quality, and unlock new value for customers.