Record Revenue Growth
Sales for the second quarter of 2025 reached $168.3 million, reflecting an increase of 26.3% from the second quarter of 2024.
Power Solutions and Protection Surge
Sales of Power Solutions and Protection in the second quarter of 2025 amounted to $86.8 million, representing an increase of 48.2% compared to the same period last year.
Strong Performance in Aerospace and Defense
Aerospace and defense exposure contributed $32.6 million to the Power segment for the second quarter of 2025, with commercial air applications sales at $20.5 million, a 33% increase from Q2 '24.
Improvement in Magnetics Segment
Magnetic Solutions group recorded sales of $22.3 million, representing an increase of 32.5% compared to the second quarter of 2024, with gross margin improvement of 230 basis points year-over-year.
Debt Reduction
Utilized $30 million of cash for repayment of long-term debt in Q2, resulting in a $1.7 million reduction in annual interest expense.