Q4 Revenue Growth
Q4 2025 revenue of $162 million, up 14% year-over-year, and above the high end of the company's guided range.
Q4 EPS and Profitability
Q4 2025 EPS of $0.36, up 33% year-over-year, above the midpoint of guidance; adjusted EBIT margin guidance for Q1 2026 is 18%–20%.
Full-Year Revenue and EPS Performance
Full-year 2025 revenue of $593 million, up 7% year-over-year and above the company's outlook ($560–$590M); full-year EPS of $1.11, up 21% versus 2024.
Strong Cash Generation and Liquidity
Full-year cash from operations of $114 million (19.2% of revenues); Q4 cash from operations of $47 million (above guidance); exited Q4 with $54 million cash, $114 million revolver borrowings, and total liquidity of more than $340 million.
Adjusted EBITDA and Leverage
Adjusted EBITDA of $140 million for 2025, up 9% year-over-year; net leverage ratio of 0.4x on trailing twelve months adjusted EBITDA, indicating low leverage and balance sheet flexibility.
Precision Devices Segment Outperformance
Precision Devices Q4 revenue of $90 million, up 23% year-over-year; full-year segment revenue up 10% and exceeded the Investor Day organic growth target (6%–8%). Q4 segment gross margin 40.1%, up 230 basis points from 2024.
Medtech & Specialty Audio Stability
Medtech and Specialty Audio Q4 revenue of $73 million, up 4% year-over-year; full-year revenue of $264 million, up 4%, at the high end of the 2%–4% organic growth target.
Robust Order Activity and Backlog
Precision Devices reported a book-to-bill greater than 1 (1.06 referenced) in Q4; management cited healthy backlog, strong bookings (including a very strong January), and broad-based demand across end markets.
Large Energy / Specialty Film Opportunity
Company expects the large energy order to generate roughly $25 million (north of $25M) in 2026 with full ramp by end of Q2; management expects specialty film category revenue in the ~$50–$65 million range in 2026 (including energy).
Capital Allocation and Shareholder Returns
Q4 share repurchases of 451,000 shares for $10 million; management indicates capacity to pursue synergistic acquisitions and continue buybacks while maintaining manageable debt levels.