Strong Earnings Growth
EBITDA and EPS grew 13% and 11%, respectively, over the prior year, exceeding expectations.
Service Center Segment Performance
Service Center segment reported organic sales growth of 4.4% and EBITDA growth of 10%, with strong execution in cost control and cross-selling opportunities.
Hydradyne Acquisition Contribution
Hydradyne's earnings contribution improved, with EBITDA up over 20% sequentially, showing strong progress in sales synergies and operational efficiencies.
Positive Order Momentum
Engineered Solutions segment orders increased nearly 5% organically over the prior year, with book-to-bill above 1, indicating a positive outlook for future sales.
Cash Flow and Balance Sheet Strength
Cash generated from operating activities was $119.3 million, with a free cash flow conversion of 111% relative to net income, supporting capital deployment initiatives.