Seems like the company is starting to turn things around. Although margins aren't back to where they were pre-pandemic they're showing noticeable improvements over the last year or so here and they're on the way up.
I don't mind the company's broad product mix versus a pure-play vehicle parts manufacturer like Magna. It does help remove some of the cyclical nature from the company, but certainly not all.
Overall though, I have gravitated away from cyclical, low margin businesses like this because they tend to provide no long-term value. They're stocks that, for the most part, you need to time entries and exits well or else you'll simply hold the company through the peaks and troughs and really not make any money.
A prime example would be the fact there is short term periods where this company explodes for 40%,50%,60% years etc. But when you span it out to a 10 year period, the company has returned 2.51% annually. Not much more than a fixed income investment even during rock bottom rates.
That said, if you're looking at a short to mid term play here, the company's results have been very strong as of late and I'd expect them to pick up as rates decline and the economy improves.
Not one I'd own personally, but that is not to say it's a bad company at all.