Record-Breaking Third Quarter
Achieved new records for consolidated net sales, gross margin, and adjusted EBITDA. Net sales increased by 6.6% and gross margin improved by 320 basis points sequentially.
Strong Financial Performance
Generated $56 million of free cash flow and returned $20 million to shareholders through dividends and share repurchases. Adjusted net income per diluted share increased by 6.3%.
Operational Improvements
Closure of legacy brass foundry and transition to new facilities contributed to efficiency gains and margin improvements.
Sustainability and Innovation Achievements
Published annual ESG report highlighting milestones such as the detection of 7.7 billion gallons of water loss savings and the use of a new lead-free brass alloy.
Increased Annual Guidance
Raised annual guidance for 2025 net sales and adjusted EBITDA, indicating strong market performance and future outlook.