Strong Order Growth
Third quarter orders increased 90% year over year to $44 million, supported by broad-based growth across all reporting segments, with power generation orders more than doubling.
Significant Revenue Increase
Consolidated revenues for the third quarter were $44.2 million, representing a 25% increase compared to the prior year period.
Record Backlog in Industrial Solutions
Industrial Solutions segment continued to experience strong demand, setting a new record backlog of almost $36 million.
Strategic Facility Sale
Sale of the Manitowoc industrial fabrication operations resulted in a net gain of $8.2 million, enhancing balance sheet strength.
Share Repurchase Program
Announced a $3 million share repurchase program, indicating confidence in long-term value creation.