/
We are a leading manufacturer and distributor of premium replacement parts in the automotive aftermarket and a custom-engineered solutions provider to vehicle and equipment manufacturers in diverse non-aftermarket end markets. Our business is organized into four operating segments: Vehicle Control , Temperature Control , Nissens Automotive and Engineered Solutions .
Operating margin is thin at 7.62%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue up 22.4% YoY with margins expanding 2.1pp. However, free cash flow softened 43%, worth monitoring whether this is timing or structural.
Free cash flow declined 43% versus the prior year, cash generation momentum has weakened. Net debt of $662M represents 35.4x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
$1.83B
▲ +22.4% YoY
Net Income (TTM)
$46M
▲ +50.3% YoY
Op. Margin
7.99%
▲ +2.1pp YoY
ROIC
7.96%
▲ +2.2pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$39M
▼ -42.7% YoY
Op. Cash Flow (TTM)
$76M
▼ -25.1% YoY
Net Debt
$712M
Cash & Equiv.
$59M
5Y CAGR: +9.7%
5Y CAGR: -25.2%
Continue Research