v3.26.3
Industry Segments (Tables)
 9 Months Ended
Sep. 30, 2026
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, 2026Vehicle ControlTemperature ControlNissens AutomotiveEngineered SolutionsIntersegment SalesTotal
Net sales$205,989 $137,494 $90,583 $75,727 $(2,002)$507,791 
Cost of sales135,181 93,328 52,483 63,216 (2,002)342,206 
Gross profit70,808 44,166 38,100 12,511 — 165,585 
Selling and marketing expenses11,244 3,395 5,917 2,007 — 
Distribution expenses18,278 10,000 9,499 1,194 — 
General and administration expenses9,350 5,369 8,646 5,477 — 
Supply chain financing expenses8,244 6,642 235 — — 
Restructuring expenses41 2 — 19 — 
Other expenses— — 3,615 — — 
Segment operating income$23,651 $18,758 $10,188 $3,814 $— $56,411 
Unallocated corporate expenses and other6,262 
Other non-operating income, net958 
Interest expense6,267 
Earnings from continuing operations before income taxes$44,840 
Three Months Ended September 30, 2025Vehicle ControlTemperature ControlNissens AutomotiveEngineered SolutionsIntersegment SalesTotal
Net sales$197,682 $144,657 $84,537 $72,198 $(238)$498,836 
Cost of sales135,516 92,711 49,710 59,343 (238)337,042 
Gross profit62,166 51,946 34,827 12,855 — 161,794 
Selling and marketing expenses11,340 3,616 5,038 2,165 — 
Distribution expenses17,525 9,958 9,234 1,295 — 
General and administration expenses9,788 4,785 9,245 5,294 — 
Supply chain financing expenses7,643 6,852 455 — — 
Restructuring expenses735 1 — 46 — 
Other expenses— — 44 — — 
Segment operating income$15,135 $26,734 $10,811 $4,055 $— $56,735 
Unallocated corporate expenses and other9,099 
Other non-operating income, net1,734 
Interest expense7,394 
Earnings from continuing operations before income taxes$41,976 
Nine Months Ended September 30, 2026Vehicle ControlTemperature ControlNissens AutomotiveEngineered SolutionsIntersegment SalesTotal
Net sales$602,740 $371,746 $259,625 $230,081 $(3,636)$1,460,556 
Cost of sales403,371 248,880 149,241 193,323 (3,636)991,179 
Gross profit199,369 122,866 110,384 36,758 — 469,377 
Selling and marketing expenses35,438 10,725 16,600 6,014 — 
Distribution expenses54,852 27,442 28,989 3,819 — 
General and administration expenses30,254 14,306 26,832 16,378 — 
Supply chain financing expenses22,784 14,849 457 — — 
Restructuring expenses551 74 — 51 — 
Other expenses— — 3,617 — — 
Segment operating income$55,490 $55,470 $33,889 $10,496 $— $155,345 
Unallocated corporate expenses and other20,259 
Other non-operating income, net472 
Interest expense21,345 
Earnings from continuing operations before income taxes$114,213 

Nine Months Ended September 30, 2025Vehicle ControlTemperature ControlNissens AutomotiveEngineered SolutionsIntersegment SalesTotal
Net sales$591,723 $364,905 $241,256 $208,422 $(238)$1,406,068 
Cost of sales406,748 242,998 147,986 171,169 (238)968,663 
Gross profit184,975 121,907 93,270 37,253 — 437,405 
Selling and marketing expenses33,615 11,279 14,157 6,361 — 
Distribution expenses48,970 27,568 27,000 4,081 — 
General and administration expenses29,911 13,870 26,559 15,521 — 
Supply chain financing expenses21,282 14,830 455 — — 
Restructuring expenses1,740 190 — 105 — 
Other expenses— — 1,667 — — 
Segment operating income$49,457 $54,170 $23,432 $11,185 $— $138,244 
Unallocated corporate expenses and other
23,310 
Other non-operating income, net5,857 
Interest expense23,450 
Earnings from continuing operations before income taxes$97,341 
Segment Reporting, Reconciliation of Other Item by Segment to Consolidated
Three Months Ended September 30,Nine Months Ended
September 30,
(in thousands)2026202520262025
Depreciation and amortization
Vehicle Control$4,648 $4,173 $13,395 $11,913 
Temperature Control891 785 2,586 2,347 
Nissens Automotive3,300 3,333 9,877 9,645 
Engineered Solutions2,673 2,574 7,867 7,501 
Total operating segment depreciation and amortization11,512 10,865 33,725 31,406 
Corporate350 336 1,052 987 
Total depreciation and amortization$11,862 $11,201 $34,777 $32,393 
Capital expenditures
Vehicle Control$3,341 $5,895 $10,511 $17,397 
Temperature Control527 827 2,339 3,098 
Nissens Automotive1,247 52 2,769 737 
Engineered Solutions2,094 3,028 5,618 6,828 
Total operating segment capital expenditures7,209 9,802 21,237 28,060 
Corporate1,377 237 2,297 1,274 
Total capital expenditures$8,586 $10,039 $23,534 $29,334 
(in thousands)September 30, 2026December 31, 2025
Investment in unconsolidated affiliates
Vehicle Control$6,853 $2,883 
Temperature Control19,266 20,402 
Nissens Automotive— — 
Engineered Solutions1,464 3,025 
Total operating segment investment in unconsolidated affiliates27,583 26,310 
Corporate— — 
Total investment in unconsolidated affiliates$27,583 $26,310 
Schedule of Reconciliation of Assets from Segment to Consolidated
(in thousands)September 30, 2026December 31, 2025
Total assets
Vehicle Control$726,303 $741,732 
Temperature Control312,985 312,884 
Nissens Automotive541,123 531,606 
Engineered Solutions289,700 289,776 
Total operating segment assets1,870,111 1,875,998 
Corporate128,402 119,243 
Total assets$1,998,513 $1,995,241