Total Revenue

~200% Increase ( " )

The Q1 2026 revenue of $2,583 million represents a dramatic jump from $856.9 million in Q4 2024, driven by a rebound in sales across all business segments and a recovery following restructuring-related headwinds in the prior period. "

Parts and Batteries

~337% Increase ( " )

Sales for this core segment surged from $364.9 million to $1,602 million, reflecting robust market demand and operational improvements compared to previous periods, which benefited from adjustments after restructuring. "

Accessories and Chemicals

~79% Increase ( " )

The growth from $331.7 million to $594 million indicates an enhanced product mix and improved market conditions, resulting in higher sales performance relative to the previous period. "

Engine Maintenance

~134% Increase ( " )

An increase from $154.1 million to $362 million suggests that stronger service demand and improved operational initiatives helped this segment rebound significantly over the prior period. "

Other

~194% Increase ( " )

The "Other" category grew from $8.5 million to $25 million, likely driven by higher interest income (from elevated cash balances and proceeds from asset sales) and income related to transition services, marking a substantial turnaround compared to the previous period. "

Operating Income

Improved from a loss of $871.5 million to a loss of $131 million ( " )

A marked reduction in operating losses is primarily due to cost efficiencies, lower restructuring and related expenses, and a positive swing in gross profit (from a gross loss to a $1,109 million gross profit) compared to Q4 2024. "

Net Income

Turned from a loss of $414.8 million to a profit of $24 million ( " )

The turnaround in net income is the result of improved revenue and margin performance, along with one-off benefits such as income tax advantages that helped shift the net income from a significant loss in the previous period to a small profit in Q1 2026. "

Cash & Cash Equivalents

Declined by $197 million (from $1,869 million to $1,672 million) ( " )

The modest decline in cash is due to the net cash used across operating, investing, and financing activities—including $156 million used in operations and $15 million paid in dividends—reflecting ongoing cash allocation for restructuring and capital investments. "

Inventory

Increased moderately from $3,612 million to $3,731 million ( " to " )

A moderate inventory build-up aligns with higher overall sales volumes and scale expansion, suggesting that stocking levels were adjusted upward to support the dramatic increase in revenue, compared to the lower base in the previous period. " "

Receivables

Declined from $544 million to $494 million ( " )

The decline in receivables indicates improved collection efficiency or a shift in the sales mix, as the current period’s lower balance supports the higher revenue levels with a better working capital profile compared to the previous period. "

Long-term Debt

Reduced from $1,789 million to $1,491 million ( " )

The decrease is primarily attributable to the reclassification of $299 million of the current portion of long-term debt related to the 5.90% Senior Unsecured Notes due March 9, 2026, demonstrating improved leverage and balance sheet management compared to the previous period. "