Record Gross Margin
Gross margin reached a record 33.2%, up 330 basis points from a year ago, driven by a favorable mix, higher volumes, and continued improvement in operating discipline.
Significant Profitability Increase
Net income increased by 58% from Q1 and nearly fivefold year-over-year. Adjusted EBITDA increased to $20.1 million or 14.4% of revenue, marking a margin expansion of 420 basis points year-over-year.
Record Operating Cash Flow
The company generated a record operating cash flow of $24.5 million in the quarter, up 76% sequentially and nearly three times the level generated in the same period last year.
Strong Aerospace and Defense Growth
Aerospace and Defense grew 13% due to strong execution and program timing, with a healthy pipeline of opportunities expected to continue contributing to growth.