Savvy Trades and Investments

[abh3vt]

CPS. I think there were some "retroactive price settlements" that boosted Q3 rev and margins:

"This increase includes a portion of price negotiation settlements that, were retroactive to the start of the year, and a smaller amount pulled forward into Q3 that we had originally anticipated settling and recording in Q4. Combined, these represented approximately $25 million to $30 million in sales above the normalized Q3 run rate." Q3 2023 CPS transcript

I don't know how much of that was pure profit for the company, since the GM Q3 were really high, and probably unsustainable. I think the 9 mo period provides a more realistic margin % going forward ie. a little over 10% rather than the 14%+.