Strong Financial Performance
Adjusted earnings per share (EPS) was $0.30, reflecting an 11% increase year-over-year. Adjusted EBITDA reached $13.6 million with a margin of 14.6%.
Sales Growth
Sales increased by 1.6% year-over-year to $92.9 million, driven by strong demand in defense and aerospace sectors.
Elektron Segment Success
Elektron sales increased by 2.5% year-over-year to $50 million. Adjusted EBITDA for this segment was $9.9 million with a margin of 19.8%, up 160 basis points from last year.
Operational Efficiency Initiatives
Planned Centers of Excellence expected to deliver up to $6 million in annualized savings through automation and footprint optimization.
Raised 2025 Guidance
Full-year guidance for adjusted EPS increased to $1.04 to $1.08, with adjusted EBITDA refined to $50 million to $51 million.