2024-02-22 17:02:44 ET
Revenue growth has been robust due to industrial and international automotive business growth, along with improved gross margins from pricing and sourcing programs. Operating expenses saw streamlining efforts, particularly in cybersecurity and litigation costs. Net income margin improved to 5.6% in 2023, showcasing strategic initiatives' success. Management focused on pricing and sourcing initiatives, leading to a 90 basis point gross margin improvement. Key metrics like comparable sales and gro ... Full story available on KlickAnalytics.com