Substantial Revenue Growth
Third quarter 2025 sales totaled $179 million, representing a 44.8% increase compared to the same quarter last year. Each of the 3 product segments achieved double-digit organic growth over last year's third quarter.
Profitability and Margin Expansion
Gross margin rose to 39.7% in Q3 2025, up from 36.1% in Q3 2024, driven by improved absorption of fixed costs and strong execution across segments.
Power Solutions and Protection Growth
Sales reached $94.4 million, representing a 94% increase compared to the third quarter of last year. Organic sales grew by $11.3 million or 23.2%.
Connectivity Solutions Performance
Sales for the third quarter of 2025 reached $61.9 million, up 11% compared to Q3 2024, driven by strong performance in commercial aerospace and defense applications.
Magnetic Solutions Improvement
Sales reached $22.7 million, an 18% increase compared to Q3 2024, with margin expansion supported by higher sales and facility consolidations in China.
Positive Book-to-Bill Ratio
The company reported a positive book-to-bill ratio across all three segments for the third consecutive quarter.