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Industry Segments (Tables)

6 Months Ended

Jun. 30, 2025

Segment Reporting [Abstract]

Schedule of Net Sales and Operating Income for Each Reportable Operating Segment

The following tables contain financial information for each reportable operating segment (in thousands):

Three Months Ended June 30, 2025						Vehicle Control						Temperature Control						Nissens Automotive						Engineered Solutions						Other						Total
Net sales						$	201,699					$	131,365					$	90,537					$	70,252					$	—					$	493,853
Cost of sales						141,051						89,002						55,348						57,563						—						342,964
Gross profit						60,648						42,363						35,189						12,689						—						150,889
Selling and marketing expenses						9,940						3,466						6,356						2,266						—						22,028
Distribution expenses						15,998						9,497						8,419						1,290						582						35,786
General and administration expenses						10,456						4,760						9,184						5,140						6,557						36,097
Supply chain financing expenses						7,235						5,051						—						—						—						12,286
Restructuring expenses						479						53						—						39						11						582
Other expenses						—						—						1,196						—						78						1,274
Total operating expenses						44,108						22,827						25,155						8,735						7,228						108,053
Operating income (loss)						$	16,540					$	19,536					$	10,034					$	3,954					$	(7,228)					42,836
Other non-operating income, net																																				1,875
Interest expense																																				8,295
Earnings from continuing operations before income taxes																																				$	36,416

Three Months Ended June 30, 2024						Vehicle Control						Temperature Control						Nissens Automotive						Engineered Solutions						Other						Total
Net sales						$	188,741					$	124,481					$	—					$	76,607					$	—					$	389,829
Cost of sales						128,772						87,872						—						61,738						—						278,382
Gross profit						59,969						36,609						—						14,869						—						111,447
Selling and marketing expenses						10,988						3,826						—						2,157						—						16,971
Distribution expenses						14,857						9,843						—						1,151						1,260						27,111
General and administration expenses						9,652						4,438						—						5,384						4,529						24,003
Supply chain financing expenses						8,348						5,058						—						—						—						13,406
Restructuring expenses						1,008						247						—						365						939						2,559
Other expenses						—						—						—						—						2,411						2,411
Total operating expenses						44,853						23,412						—						9,057						9,139						86,461
Operating income (loss)						$	15,116					$	13,197					$	—					$	5,812					$	(9,139)					24,986
Other non-operating income, net																																				2,199
Interest expense																																				2,752
Earnings from continuing operations before income taxes																																				$	24,433

Six Months Ended June 30, 2025						Vehicle Control						Temperature Control						Nissens Automotive						Engineered Solutions						Other						Total
Net sales						$	394,041					$	220,248					$	156,719					$	136,224					$	—					$	907,232
Cost of sales						271,232						150,287						98,276						111,826						—						631,621
Gross profit						122,809						69,961						58,443						24,398						—						275,611
Selling and marketing expenses						22,275						7,663						9,119						4,196						—						43,253
Distribution expenses						31,445						17,610						17,766						2,786						1,069						70,676
General and administration expenses						20,123						9,085						17,314						10,227						12,926						69,675
Supply chain financing expenses						13,639						7,978						—						—						—						21,617
Restructuring expenses						1,005						189						—						59						2						1,255
Other expenses						—						—						1,623						—						214						1,837
Total operating expenses						88,487						42,525						45,822						17,268						14,211						208,313
Operating income (loss)						$	34,322					$	27,436					$	12,621					$	7,130					$	(14,211)					67,298
Other non-operating income, net																																				4,123
Interest expense																																				16,056
Earnings from continuing operations before income taxes																																				$	55,365

Six Months Ended June 30, 2024						Vehicle Control						Temperature Control						Nissens Automotive						Engineered Solutions						Other						Total
Net sales						$	374,265					$	196,089					$	—					$	150,878					$	—					$	721,232
Cost of sales						255,397						139,791						—						125,075						—						520,263
Gross profit						118,868						56,298						—						25,803						—						200,969
Selling and marketing expenses						23,124						7,807						—						4,013						—						34,944
Distribution expenses						29,030						17,356						—						2,698						2,333						51,417
General and administration expenses						18,857						8,258						—						10,650						8,640						46,405
Supply chain financing expenses						16,092						7,344						—						—						—						23,436
Restructuring expenses						1,109						305						—						398						939						2,751
Other expenses						—						—						—						—						2,411						2,411
Total operating expenses						88,212						41,070						—						17,759						14,323						161,364
Operating income (loss)						$	30,656					$	15,228					$	—					$	8,044					$	(14,323)					39,605
Other non-operating income, net																																				3,018
Interest expense																																				4,819
Earnings from continuing operations before income taxes																																				$	37,804

Schedule of Reconciliation of Segment Operating Income to Net Earnings

			Three Months Ended June 30, 2025												Six Months Ended June 30, 2025
			2025						2024						2025						2024
Depreciation and amortization
Vehicle Control			$	4,070					$	3,607					$	7,740					$	7,131
Temperature Control			784						780						1,562						1,678
Nissens Automotive			3,325						—						6,312						—
Engineered Solutions			2,427						2,463						4,927						4,932
Other			319						468						651						878
Total depreciation and amortization			$	10,925					$	7,318					$	21,192					$	14,619
Capital expenditures
Vehicle Control			$	6,123					$	9,765					$	11,502					$	15,150
Temperature Control			970						316						2,271						774
Nissens Automotive			549						—						685						—
Engineered Solutions			2,144						2,632						3,800						4,932
Other			377						142						1,037						2,085
Total capital expenditures			$	10,163					$	12,855					$	19,295					$	22,941

			June 30, 2025						December 31, 2024
Investment in unconsolidated affiliates
Vehicle Control			$	2,802					$	2,447
Temperature Control			18,787						20,396
Nissens Automotive			—						—
Engineered Solutions			1,906						1,999
Other			—						—
Total investment in unconsolidated affiliates			$	23,495					$	24,842
Total assets
Vehicle Control			$	688,779					$	659,607
Temperature Control			341,238						276,216
Nissens Automotive			552,907						482,773
Engineered Solutions			313,359						285,866
Other			111,065						109,664
Total assets			$	2,007,348					$	1,814,126

X

- Definition

Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment.

+ References

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-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-Publisher FASB
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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

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