Overview
- Fourth‑quarter adjusted EBITDA fell to $34.9 million, or 5.2% of sales, leading to an adjusted net loss of $31 million despite GAAP net income of $3.3 million boosted by a $45 million deferred tax‑asset release.
- Sales in the quarter rose 1.8% to $672 million, with favorable foreign exchange adding about $14 million and unfavorable volume and mix reducing sales by about $3 million.
- Leaders reported the company’s strongest operational year on record in 2025, citing 99% green product quality scorecards, 98% green program launches, and a safety incident rate of 0.24 with 31 plants reporting zero incidents.
- Efficiency actions delivered $64 million in 2025 savings from plant and supply‑chain improvements plus $18 million in year‑over‑year savings from salaried reductions implemented in 2024.
- Guidance calls for roughly 3% sales growth in 2026 with a return to double‑digit EBITDA margins, underpinned by $298 million of 2025 net new business that was 74% EV or battery related and a push to have Chinese OEMs exceed 60% of China revenue by 2030.