Revenue Performance: $259.5 million, down from $280.1 million in Q3 2023 (-7%).
Net Income: -$11.6 million; EPS of -$0.33 vs $0.54 in Q3 2023.
Gross Profit Margin: 14.3% (down from 23.2% YoY), reflecting increased operational inefficiencies.
EBITDA: $9.4 million, drastically lower than $36.1 million YoY.
Cash Position: $122.9 million, with a net cash provided by operating activities of $28.8 million, down from $55.7 million YoY.
Current Ratio: 2.74, indicating good short-term liquidity.
Total Liabilities: $656.5 million; Long-term debt stable at $351 million.
Management attributed the revenue decline to ongoing challenges in their Automotive segment, primarily the result of program transitions and weaker market conditions, notably in the EV space. Measures to enhance cost control and operational efficiencies were highlighted as critical for future recovery.