Revenue Growth and Sales Composition
Full year 2025 net sales of $2.3 billion, up 4.5% year‑over‑year. Management attributed ~3% of growth to pricing, ~1% to acquisitions, ~1% to foreign exchange, and an approximate 1% volume decline due to weaker housing starts.
Strong North America and European Top‑Line Performance
North America net sales were $1.8 billion, up 4.5% year‑over‑year and including an approximate $60 million benefit from pricing actions. Europe full year net sales were $499.6 million, up 4.3% year‑over‑year (Q4 Europe net sales $117.9 million, up 9.1% YoY).
Margin and Profitability Resilience
Full‑year operating margin was 19.6%, up 30 basis points year‑over‑year. Consolidated full‑year gross margin was relatively flat at ~45.9%. Adjusted EBITDA totaled $544.3 million, up 3.3% YoY. EPS growth outpaced revenue by ~390 basis points in 2025; Q4 net income was $56.2 million or $1.35 per diluted share (vs $55.5M / $1.31 prior year).
Safety and Operational Execution
Achieved a total recordable incident rate (TRIR) of <1.0 for the second consecutive year—the best result in company history—with meaningful reductions in lost time injuries and incident severity. Operational execution metrics included a 98% product delivery fill rate and eight major awards recognizing service and product innovation.
Strong Cash Generation and Shareholder Returns
Generated operating cash flow of $458.6 million for the full year (Q4 cash flow $155.6M). Invested $161.5 million in capex, paid $47.6 million in dividends, and repurchased $120 million of stock in 2025. Board authorized up to $150 million in new repurchases for 2026 and management plans to return at least 35% of free cash flow to shareholders.
Growth in Strategic Businesses and Digital Expansion
OEM business volumes up double digits; component manufacturing volumes up in the low single digits. Monet Dassault acquisition performing well. Launched CS Producer cloud software and expanded digital solutions and equipment offerings, positioning the company to capture higher‑value, premium revenue streams.