Full-Year Revenue Growth
Adjusted full-year sales of $371.2M, up 2.5% year-over-year, reflecting overall revenue expansion despite uneven end-market demand.
EBITDA and Margin Expansion
Adjusted EBITDA totaled $51.9M, up ~4.2% year-over-year, with adjusted EBITDA margin of 14.0% (an improvement of ~25 basis points versus 2024).
Strong Earnings Per Share and Cash Generation
Adjusted EPS of $1.11, up ~12.1% year-over-year; free cash flow reported at $26.2M and cash from operations of $33.9M.
Balance Sheet Strength and Deleveraging
Net debt was reduced by $9.9M to $31.1M, ending 2025 at approximately 0.6x leverage, providing strategic flexibility.
Electron Segment Outperformance
Electron FY sales $196.4M, up 11.6% YoY; adjusted EBITDA $36.9M, up 16% YoY; FY adjusted EBITDA margin expanded to ~18.8% (Q4 margin at 19.6%), driven by strength in aerospace and defense (MG alloys, MRE, UGRE) and record volumes for Magtech Solutions.
Operational and Structural Progress
Advancement of Riverside Centre of Excellence and Saxonburg Powder COE with expected efficiency benefits beginning late 2026; Riverside consolidation expected savings up to $4.0M and Saxonburg automation benefits ~ $2.0M (Saxonburg CapEx > $6.0M).