Core Insights - The company views 2025 as a foundational year aimed at implementing structural changes to mitigate significant pressures in the heavy truck and automotive markets [1] Revenue Performance - Revenue declined by 9%, mainly due to reduced shipments of returnable transport packaging and truck mirror assemblies, although early signs of stabilization were observed in November and December [1] Cost Management - The company neutralized approximately $10 million in tariff exposure through strategic pricing actions and supply chain cost reductions [1] - Operational efficiency improved by divesting the underperforming Centralia Mold division, allowing for a focus on high-conviction core businesses [1] - A successful restructuring and footprint optimization initiative led to an annual reduction in the cost base of approximately $4 million [1] Geographic Expansion - A commercial realignment and dedicated sales resources in Asia resulted in a 25% year-over-year growth in that region, underscoring a key geographic expansion strategy [1] Margin Analysis - For the full year 2025, gross margin as a percentage of sales decreased to 22.9% from 24.7% in 2024, attributed to higher material costs amid lower sales volume [1]

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