Exceeded Revenue and EPS Expectations
Revenue reached $672 million, up 11% year-over-year, while earnings per share grew 25% to $1.89, surpassing the high end of guidance.
Strong Order Activity
Order activity remained robust with orders up 8% sequentially and 16% year-over-year, ending with a book-to-bill ratio of 1.05.
Margin Expansion
Gross margins increased by 70 basis points year-over-year to 38.9%, and adjusted EBITDA margins expanded by 50 basis points to 17%.
Hyperscale Data Center Win
Secured a significant multi-site solutions award with a leading hyperscale data center customer, exemplifying IT/OT convergence.
Automotive Manufacturer Specification
Won a global specification to supply advanced connectivity products to a major U.S. automotive manufacturer, potentially delivering $40 million over three years.