Consolidated Revenue Growth
Total consolidated sales of $321.2M in Q4, up 12% year-over-year (vs. $286.9M), driven primarily by higher volumes in Engineered Composites.
Adjusted EBITDA and Margin Improvement
Adjusted EBITDA of $57.3M in Q4 versus $50.0M a year ago (+14.6%), with an Adjusted EBITDA margin of 17.8% versus 17.4% in the prior-year quarter.
Engineered Composites Strong Ramp
Engineered Composites revenue of $143.7M versus $98.8M a year ago (approximately +45%), with segment Adjusted EBITDA of $18.5M versus $6.0M the prior year, reflecting substantial program ramps (LEAP, missile programs, F-35) and improved margins.
Improved Operating Income and Gross Profit
Gross profit increased to $99.9M (up ~10.6% YoY) and operating income rose to $29.9M (up ~23% YoY), reflecting leverage from higher sales and program execution.
Strong Capital Allocation and Shareholder Returns
Generated approximately $81M of free cash flow for 2025, returned ~$218M to shareholders during the year (including repurchase of roughly 10% of shares outstanding), repurchased $16.8M in the quarter and declared a $0.28 quarterly dividend.
Continued Investment in Growth and Innovation
Invested ~$72M in capital expenditures and ~$48M in R&D in 2025; launched internal innovation awards (86 submissions) and expanded capabilities (e.g., CMC and carbon-carbon near-net-shape work) to support long-term growth.