Revenue Growth
Sales for the second quarter of 2025 reached $168.3 million, reflecting an increase of 26.3% from the second quarter of 2024.
Strong Performance in Power Solutions
Sales of Power Solutions and Protection in Q2 2025 amounted to $86.8 million, representing an increase of 48.2% compared to the same period last year.
Connectivity Solutions Growth
Sales for Q2 2025 reached $59.2 million, an increase of 2.4% compared to Q2 2024. Sales for commercial air applications in Q2 2025 were $20.5 million, which represented an increase of $5.1 million or 33% from Q2 2024.
Magnetic Solutions Growth
Magnetic Solutions group recorded sales of $22.3 million, representing an increase of 32.5% compared to Q2 2024.
Operational Efficiency
Gross margin for the Connectivity Solutions group improved by 30 basis points from Q2 2024, largely due to operational efficiencies and favorable foreign exchange impacts.