Strong Fourth Quarter Performance
Net earnings rose to $14.6 million or 74¢ per diluted share compared to $4.7 million or $0.24 per share during the same period last year. Quarterly shipments increased 9.8% year over year.
Improved Gross Profit and Margin
Gross profit rose $16.3 million year over year to $28.6 million, with gross margin improving by 700 basis points to 16.1%.
Successful Acquisitions
The acquisitions in fiscal 2025 performed well, particularly the Upper Sandusky, Ohio facility, contributing positively to the company's performance.
Capital Returns to Shareholders
Returned $24 million to shareholders through dividends and share repurchases, including a $1 per share special cash dividend.
Liquidity and Financial Strength
Ended the quarter with $38.6 million in cash on hand and remained debt-free with no borrowings on the $100 million revolving credit facility.