Financial Performance - Net sales were $103.9 million, a decrease of 8.5% year-over-year[11, 16] - Adjusted EBITDA increased by 6.9% to $12.4 million, with a margin of 11.9%, up 170 bps year-over-year[11, 16] - Adjusted gross margin improved to 18.8%, a 350 bps increase compared to Q1 2025[11] - Adjusted operating income increased significantly by 207.7% to $4.0 million[11, 16] - Free cash flow was $9.1 million, reflecting a $20.9 million improvement over the past two years[11] Business Segments - Power Solutions net sales increased by 4.6% to $44.9 million, with adjusted EBITDA up 39.1% to $8.9 million[27] - Mobile Solutions net sales decreased by 16.4% to $59.1 million, with adjusted EBITDA down to $6.7 million[31] Strategic Initiatives - New business wins totaled $11.3 million, representing 3.9% of net sales[11] - The company is actively pursuing strategic M&A opportunities to scale and accelerate growth[9, 49] - The company is initiating discussions to refinance preferred equity to create a new capital structure for sustained M&A and common equity value accretion[9] Outlook and Guidance - The company maintains its guidance for adjusted EBITDA ($53 - $63 million), free cash flow ($14 - $16 million), and new business wins ($60 - $70 million) on slightly lower sales ($420 - $440 million)[52]