GUD Holdings (ASX:GUD) has declared a final dividend of 22 AU cents per share.

The company is observing signs of improving OEM supply going into the first quarter of FY24.

There is a positive outlook for APG as sales and vehicle supply are expected to improve throughout FY24.

GUD Holdings (ASX:GUD) is also expecting further revenue and EBITA growth in FY24.

The company remains confident in APG’s ability to deliver its business case targets as OEM supply constraints and normalise.

For FY24, GUD Holdings (ASX:GUD) is expecting cash conversion to revert to 85-90%, and a working assumption is that there will be a further step up in corporation expected in FY24.

GUD Holdings is an Australian company involved in manufacturing diverse range of products including automotive parts, security products and consumer and electrical appliances.