Strong Revenue and EBITDA Growth
Net sales increased 7% to $244 million, driven by a 5% increase in net price and a 2% increase in volume. Adjusted EBITDA increased 16% to $59 million, with an adjusted EBITDA margin increase of 170 basis points to 24.2%.
Margin Expansion and Financial Flexibility
Gross profit margin increased 150 basis points to 51.2%. Cash flow generation was strong, enabling a reduction in net leverage to 1.8x, the lowest level in nearly 4 years, providing enhanced financial flexibility.
Increased Full-Year Guidance
Raised full-year guidance for net sales to increase by 4% to 5.5% and adjusted EBITDA to increase by 5% to 7%, with a range of $292 million to $297 million.
Technology Adoption and Product Innovation
Double-digit growth in omni controls product category, nearly twice the overall growth rate. Continued investment in advanced engineering and product development.
Successful Tariff Mitigation Efforts
Aggressive execution of tariff mitigation plans, including reducing direct sourcing from China from 10% to 3% by year-end.