Significant Sales Growth
Third quarter 2025 sales totaled $179 million, representing a 44.8% increase compared to the same quarter last year.
Gross Margin Expansion
Gross margin rose to 39.7% in Q3 '25, up from 36.1% in Q3 '24, driven by improved absorption of fixed costs and operational efficiencies.
Power Solutions and Protection Performance
Sales reached $94.4 million, representing a 94% increase compared to the third quarter of last year. Organic sales grew by 23.2%, reflecting strong demand for power products.
Connectivity Solutions Growth
Sales for the third quarter of 2025 reached $61.9 million, up 11% compared to Q3 '24. This was driven by strong performance in commercial aerospace and defense applications.
Magnetic Solutions Growth
The Magnetic Solutions group delivered a strong quarter with sales reaching $22.7 million, an 18% increase compared to Q3 '24.
Positive Book-to-Bill Ratio
The company reported a positive book-to-bill ratio for the third consecutive quarter, indicating increased activity and demand.
Debt Reduction Efforts
The company paid down $62.5 million in long-term debt, resulting in $225 million of total debt outstanding at September 30, 2025.