PWR now expects aerospace and defense revenue growth of approximately 50% this year, from about 30% before. Remaining guidance for other segments, notably flat motorsports revenue growth, is largely unchanged.
PWR Holdings is a designer, manufacturer, and supplier of cooling solutions for motorsports and the performance automotive industry. PWR produces aluminum radiators, intercoolers, heat exchangers, oil coolers, and other cooling accessories for motorsports, performance automotive original equipment manufacturers, the automotive aftermarket, and aerospace and defense sectors. The motorsports segment generates the majority of revenue, while OEMs and aftermarket constitute over a third of the income stream. PWR's products are primarily sold in North America and Europe.