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Industry Segments (Tables)

9 Months Ended

Sep. 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 September 30, 2025						Vehicle Control						Temperature Control						Nissens Automotive						Engineered Solutions						Other						Total
Net sales						$	197,682					$	144,657					$	84,537					$	72,198					$	(238)					$	498,836
Cost of sales						135,516						92,711						49,710						59,343						(238)						337,042
Gross profit						62,166						51,946						34,827						12,855						—						161,794
Selling and marketing expenses						11,340						3,616						5,038						2,165						—						22,159
Distribution expenses						17,525						9,958						9,234						1,295						524						38,536
General and administration expenses						9,788						4,785						9,245						5,294						8,320						37,432
Supply chain financing expenses						7,643						6,852						455						—						—						14,950
Restructuring expenses						735						1						—						46						—						782
Other expenses						—						—						44						—						255						299
Total operating expenses						47,031						25,212						24,016						8,800						9,099						114,158
Operating income (loss)						$	15,135					$	26,734					$	10,811					$	4,055					$	(9,099)					47,636
Other non-operating income, net																																				1,734
Interest expense																																				7,394
Earnings from continuing operations before income taxes																																				$	41,976

Three Months Ended September 30, 2024						Vehicle Control						Temperature Control						Nissens Automotive						Engineered Solutions						Other						Total
Net sales						$	200,877					$	125,985					$	—					$	72,403					$	—					$	399,265
Cost of sales						135,225						83,662						—						59,012						—						277,899
Gross profit						65,652						42,323						—						13,391						—						121,366
Selling and marketing expenses						11,150						4,031						—						1,976						—						17,157
Distribution expenses						14,680						10,454						—						1,362						1,131						27,627
General and administration expenses						9,064						4,606						—						4,787						4,060						22,517
Supply chain financing expenses						8,127						6,784						—						—						—						14,911
Restructuring expenses						1,602						374						—						256						791						3,023
Other expenses (income)						—						—						—						—						(1,008)						(1,008)
Total operating expenses						44,623						26,249						—						8,381						4,974						84,227
Operating income (loss)						$	21,029					$	16,074					$	—					$	5,010					$	(4,974)					37,139
Other non-operating income, net																																				2,129
Interest expense																																				3,145
Earnings from continuing operations before income taxes																																				$	36,123

Nine Months Ended September 30, 2025						Vehicle Control						Temperature Control						Nissens Automotive						Engineered Solutions						Other						Total
Net sales						$	591,723					$	364,905					$	241,256					$	208,422					$	(238)					$	1,406,068
Cost of sales						406,748						242,998						147,986						171,169						(238)						968,663
Gross profit						184,975						121,907						93,270						37,253						—						437,405
Selling and marketing expenses						33,615						11,279						14,157						6,361						—						65,412
Distribution expenses						48,970						27,568						27,000						4,081						1,593						109,212
General and administration expenses						29,911						13,870						26,559						15,521						21,246						107,107
Supply chain financing expenses						21,282						14,830						455						—						—						36,567
Restructuring expenses						1,740						190						—						105						2						2,037
Other expenses						—						—						1,667						—						469						2,136
Total operating expenses						135,518						67,737						69,838						26,068						23,310						322,471
Operating income (loss)						$	49,457					$	54,170					$	23,432					$	11,185					$	(23,310)					114,934
Other non-operating income, net																																				5,857
Interest expense																																				23,450
Earnings from continuing operations before income taxes																																				$	97,341

Nine Months Ended September 30, 2024						Vehicle Control						Temperature Control						Nissens Automotive						Engineered Solutions						Other						Total
Net sales						$	575,142					$	322,074					$	—					$	223,281					$	—					$	1,120,497
Cost of sales						390,622						223,453						—						184,087						—						798,162
Gross profit						184,520						98,621						—						39,194						—						322,335
Selling and marketing expenses						34,274						11,838						—						5,989						—						52,101
Distribution expenses						43,710						27,810						—						4,060						3,464						79,044
General and administration expenses						27,921						12,864						—						15,437						12,700						68,922
Supply chain financing expenses						24,219						14,128						—						—						—						38,347
Restructuring expenses						2,711						679						—						654						1,730						5,774
Other expenses						—						—						—						—						1,403						1,403
Total operating expenses						132,835						67,319						—						26,140						19,297						245,591
Operating income (loss)						$	51,685					$	31,302					$	—					$	13,054					$	(19,297)					76,744
Other non-operating income, net																																				5,147
Interest expense																																				7,964
Earnings from continuing operations before income taxes																																				$	73,927

Schedule of Reconciliation of Segment Operating Income to Net Earnings

			Three Months Ended September 30,												Nine Months Ended September 30,
			2025						2024						2025						2024
Depreciation and amortization
Vehicle Control			$	4,173					$	3,850					$	11,913					$	10,981
Temperature Control			785						802						2,347						2,480
Nissens Automotive			3,333						—						9,645						—
Engineered Solutions			2,574						2,308						7,501						7,240
Other			336						429						987						1,307
Total depreciation and amortization			$	11,201					$	7,389					$	32,393					$	22,008
Capital expenditures
Vehicle Control			$	5,895					$	8,023					$	17,397					$	23,627
Temperature Control			827						520						3,098						1,294
Nissens Automotive			52						—						737						—
Engineered Solutions			3,028						2,596						6,828						7,528
Other			237						56						1,274						1,687
Total capital expenditures			$	10,039					$	11,195					$	29,334					$	34,136

			September 30, 2025						December 31, 2024
Investment in unconsolidated affiliates
Vehicle Control			$	2,863					$	2,447
Temperature Control			19,853						20,396
Nissens Automotive			—						—
Engineered Solutions			2,729						1,999
Other			—						—
Total investment in unconsolidated affiliates			$	25,445					$	24,842
Total assets
Vehicle Control			$	709,451					$	659,607
Temperature Control			320,610						276,216
Nissens Automotive			566,507						482,773
Engineered Solutions			314,282						285,866
Other			116,689						109,664
Total assets			$	2,027,539					$	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

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

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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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