Financial Performance - Net sales for Q2 2025 were $107.9 million, a decrease compared to $123.0 million in Q2 2024[17] - Adjusted EBITDA for Q2 2025 was $13.2 million, representing 12.2% of sales, compared to $13.4 million in Q2 2024, which was 10.9% of sales[17] - Adjusted operating income for Q2 2025 was $4.9 million, or 4.6% of net sales, compared to $2.1 million in Q2 2024[17] - The company's adjusted gross margin improved to 19.5% in Q2 2025[8] Business Segment Highlights - Power Solutions business net sales were $44.6 million, up 2.3%, with adjusted EBITDA of $9.1 million, up 5.8%[22] - Mobile Solutions business net sales were $63.4 million, down 5.4%, but adjusted EBITDA increased by 6.2% to $8.6 million[27] Growth and Outlook - The company secured $32.7 million in new business wins year-to-date in Q2 2025[8] - The company is launching 112 programs in 2025, expected to generate $48 million in revenue at full run-rate[35] - The company is reiterating its 2025 outlook, with net sales expected to be in the range of $430 to $460 million and adjusted EBITDA in the range of $53 to $63 million[40, 41]