Diversified Markets Growth
Revenue from diversified markets grew 14% in the quarter, with strong bookings and a book-to-bill ratio of 1.28.
Medical End Market Performance
First quarter sales in the medical end market were up 13% compared to the same period in 2024, with a book-to-bill ratio of 1.3.
Aerospace and Defense Sales Increase
Sales for the aerospace and defense market were up 39% from the first quarter of 2024, with bookings up 32%.
Industrial Market Recovery
Sales in the industrial market were up 4% year-over-year, with bookings up 19% from the same period last year.
Strong Cash Position
The company generated $16 million in operating cash flow and maintained a cash balance of $90 million at the end of the quarter.
SyQwest Acquisition
The acquisition added $3 million in revenue during the quarter and is expected to contribute to stronger sales in the second half of 2025.