Financial Performance - For Q4 2024, net sales were 221.9million,adecreaseof25.1296.2 million in Q4 2023, primarily due to a decline in chassis shipments[2] - Gross profit for Q4 2024 was 33.5million,or15.138.6 million, or 13.0% of net sales in Q4 2023, reflecting an increase in gross margin driven by product mix[3] - Net income for Q4 2024 was 10.5million,or0.91 per diluted share, down 36.9% from 16.7million,or1.45 per diluted share in Q4 2023[5] - For the full year 2024, net sales were 1.26billion,anincreaseof9.01.15 billion in 2023, with net income rising to 63.5million,or5.47 per diluted share, up 8.9% from 58.3million,or5.07 per diluted share in 2023[6] Expenses and Dividends - Selling, general and administrative expenses for Q4 2024 were 19.7million,or8.916.4 million, or 5.5% of net sales in the prior year, due to increased executive compensation and new product launches[4] - The company declared a quarterly cash dividend of 0.20pershare,markingthefifty−seventhconsecutivequarterofdividendpayments[7]FutureProjections−In2025,thecompanyexpectstogeneraterevenuebetween950 million and 1.0billion,withdilutedearningspershareprojectedbetween2.90 and 3.20[10]−TheCEOexpressedconfidenceinthecompany′sprospectsfor2025,citingthenormalizationofchassismarketdynamicsandupcomingnewproductlaunches[9]ShareholderActions−Thecompanyrepurchased49,500sharesofcommonstockduring2024,representing2.9 million of a 25.0millionrepurchaseprogram[7]AssetandLiabilityManagement−Totalassetsincreasedto667,015 million in 2024 from 647,210millionin2023,representingagrowthofapproximately3.8529,766 million in 2024, up from 510,471millionin2023,anincreaseofabout3.0313,413 million in 2024, compared to 286,138millionin2023,reflectingagrowthofapproximately9.5265,985 million in 2024 from 299,290millionin2023,areductionofabout11.1401,030 million in 2024, up from 347,920millionin2023,indicatingagrowthofapproximately15.2145,853 million in 2024 from 191,782millionin2023,adeclineofabout24.0254,938 million in 2024, compared to 200,165millionin2023,anincreaseofapproximately27.365,000 million in 2024 from 60,000millionin2023,reflectinganincreaseofabout8.3506 million in 2023 to 227millionin2024,adeclineofapproximately55.224,337 million in 2024 from $29,909 million in 2023, a decline of about 18.6%[21]