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Industry Segments
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Industry Segments Industry Segments
Our business is organized into four operating segments, Vehicle Control, Temperature Control, Engineered Solutions and Nissens Automotive, each of which focuses on a specific line of business. Our automotive aftermarket business is comprised of three operating segments, Vehicle Control, Temperature Control and Nissens Automotive, while our Engineered Solutions operating segment offers a broad array of conventional and future-oriented technologies. Nissens Automotive is a new operating segment created in the fourth quarter of 2024 comprising of our acquisition in November 2024.

There are no intersegment sales among our operating segments. Other consists of financial information related to the activities of our corporate headquarters function. The accounting policies of each segment are the same as those described in Note 1, "Summary of Significant Accounting Policies" in our Form 10-K for the year-ended December 31, 2024.

The following tables contain financial information for each reportable operating segment (in thousands):
Three Months Ended March 31, 2025Vehicle ControlTemperature ControlEngineered SolutionsNissens AutomotiveOtherTotal
Net sales$192,342 $88,883 $65,972 $66,182 $— $413,379 
Cost of sales130,181 61,285 54,263 42,928 — 288,657 
Gross profit62,161 27,598 11,709 23,254 — 124,722 
Selling and marketing expenses12,335 4,197 1,930 2,763 — 21,225 
Distribution expenses15,447 8,113 1,496 9,347 487 34,890 
General and administration expenses9,667 4,325 5,087 8,130 6,369 33,578 
Supply chain financing expenses6,404 2,927 — — — 9,331 
Restructuring and integration expenses526 136 20 — (9)673 
Other expenses— — — 427 136 563 
Total operating expenses44,379 19,698 8,533 20,667 6,983 100,260 
Operating income (loss)$17,782 $7,900 $3,176 $2,587 $(6,983)$24,462 
Other non-operating income, net2,248 
Interest expense7,761 
Earnings from continuing operations before income taxes$18,949 

Three Months Ended March 31, 2024Vehicle ControlTemperature ControlEngineered SolutionsNissens AutomotiveOtherTotal
Net sales$185,524 $71,608 $74,271 $— $— $331,403 
Cost of sales126,625 51,919 63,337 — — 241,881 
Gross profit58,899 19,689 10,934 — — 89,522 
Selling and marketing expenses12,136 3,981 1,856 — — 17,973 
Distribution expenses14,173 7,513 1,547 — 1,073 24,306 
General and administration expenses9,205 3,820 5,266 — 4,111 22,402 
Supply chain financing expenses7,744 2,286 — — — 10,030 
Restructuring and integration expenses101 58 33 — — 192 
Other expenses— — — — — — 
Total operating expenses43,359 17,658 8,702 — 5,184 74,903 
Operating income (loss)$15,540 $2,031 $2,232 $— $(5,184)$14,619 
Other non-operating income, net819 
Interest expense2,067 
Earnings from continuing operations before income taxes$13,371 
Three Months Ended March 31,
20252024
Depreciation and amortization
Vehicle Control$3,670 $3,524 
Temperature Control778 898 
Engineered Solutions2,500 2,469 
Nissens Automotive2,987 — 
Other332 410 
Total depreciation and amortization$10,267 $7,301 
Capital expenditures
Vehicle Control$5,379 $5,385 
Temperature Control1,301 458 
Engineered Solutions1,656 2,300 
Nissens Automotive136 — 
Other660 1,943 
Total capital expenditures$9,132 $10,086 
March 31, 2025December 31, 2024
Investment in unconsolidated affiliates
Vehicle Control$2,550 $2,447 
Temperature Control21,340 20,396 
Engineered Solutions2,123 1,999 
Nissens Automotive— — 
Other— — 
Total investment in unconsolidated affiliates$26,013 $24,842 
Total assets
Vehicle Control$685,575 $659,607 
Temperature Control321,550 276,216 
Engineered Solutions309,517 285,866 
Nissens Automotive497,865 482,773 
Other111,584 109,664 
Total assets$1,926,091 $1,814,126 
For the disaggregation of our net sales from contracts with customers by major product group and geographic area within each of our operating segments, see Note 17, “Net Sales.”