Sequential Improvement in Financial Results
Net sales for the quarter were $247 million, up 3% sequentially, with adjusted EBITDA rising 12% sequentially to $18 million.
Improvement in Free Cash Flow
Quarterly free cash flow improved by $47 million year-over-year, reflecting a better cash flow management.
Operational and Strategic Accomplishments
Significant improvements in quality, delivery, and cost at Egypt and Mexico facilities. Transition to a global, cross-functional organization structure.
Data Center Growth Strategy
Data center activity generated over $80 million in annual sales last year, with expectations for long-term growth.
Capital Allocation Strategy Success
Net debt was reduced by $29.6 million year-over-year, and cash reserves increased by $21.5 million.