Record New Product Revenue Growth
New product revenue grew by over 50% year-over-year, with design win activity growing more than 150% year-over-year.
Strong Customer Orders and Bookings
Customer orders grew 10% year-over-year and 20% sequentially, with a strong book-to-bill ratio of 1.02.
Advanced Surgery and Robotics and Automation Growth
Advanced Surgery business experienced 17% growth year-over-year, while Robotics and Automation business achieved nearly 16% growth.
Major Design Wins and Partnerships
Secured design wins in minimally invasive surgery and warehouse robotics, with a significant $50 million contract in warehouse robotics.
Kion Acquisition Success
The integration of Kion Technologies is on track, exceeding initial expectations and contributing significantly to growth.