A comprehensive corporate transformation plan built on three pillars: Optimize (operational restructuring and footprint consolidation), Invigorate (revitalizing the operating model and capital allocation), and Accelerate (pursuing growth through strategic acquisitions and product innovation).

Expected impact: Projected to yield annual pre-tax benefits of approximately $20 million beginning in fiscal year 2028, alongside annualized savings of $80 million from workforce reductions.

Construction of a state-of-the-art lithium-ion cell gigafactory in Greenville, South Carolina, to secure domestic cell supply for motive power, aerospace, and defense applications.

Expected impact: Establishes ~4 GWh of annual domestic production capacity, reducing supply chain risks and capturing federal incentives under the Inflation Reduction Act (IRC 45X PTC support of ~$35/kWh).

Reorganization of the previous four operating segments into a streamlined three-segment operating model: Energy Systems Solutions (ESS), Industrial Mobility Solutions (IMS), and Precision Power Solutions (PPS).

Expected impact: Enhances organizational focus, improves cross-selling opportunities (such as combining lift truck and transportation lines), and provides greater visibility into the high-growth aerospace and defense-focused PPS segment.