Record Revenue in Aerospace Segment
Aerospace segment, previously known as Test & Measurement, had record revenue of $48.9 million, contributing approximately one-third of consolidated sales, with an operating profit of 22.8% and a five-year CAGR of 17.4%.
Successful Transition to ToughWriter Printers
Transition to higher-margin ToughWriter branded printers, which are expected to account for 86% of total printer deliveries by the end of fiscal year, contributing to a $4 million reduction in royalty obligations.
Strong Recurring Revenue Model
Recurring revenue accounted for 71% of consolidated sales, driven by consumables and service agreements, contributing to more predictable revenue streams.
Introduction of Next-Generation Products
Plans to introduce five next-generation products based on MTEX's print engine technology, which will enhance flexibility, reduce ink costs, and increase consumables revenue.
Cost-Saving Restructuring Plan
Execution of a restructuring plan expected to deliver $3 million in annual cost savings by rightsizing the product portfolio to focus on higher-margin products.