Strong Revenue Growth
Net sales in the second quarter of 2025 totaled $402.8 million, which increased 6.2% versus the second quarter of last year.
Increased Guidance for 2025
The company raised the midpoint of both their full year 2025 net sales and adjusted EBITDA guidance. Expected net sales are between $1.535 billion to $1.575 billion, representing 4% to 7% growth, and adjusted EBITDA between $265 million to $275 million, representing 10% to 14% growth over 2024.
Successful Integration of Acquisition
The Intex acquisition contributed a 4-point increase to the top line growth.
Share Repurchase Program
The Board approved a $100 million share repurchase program to offset dilution and add shareholder value.
Improved Leverage Ratio
Net debt to trailing 12-month adjusted EBITDA ratio improved to 2.7x from 2.9x a quarter ago.
Positive Performance in Key Segments
Hardware and Protective Solutions segment grew by 8.7%, and Robotics and Digital Solutions posted a 2.3% growth.