Record Quarterly Revenue
Revenue grew 7.8% year-over-year to a quarterly record of $135.4 million, driven by strong demand in the U.S. CNC machining and sheet metal offerings.
Significant Growth in CNC Machining
CNC machining revenue grew 18.2% year-over-year, with U.S. CNC machining revenue up 24% year-over-year, fueled by demand in aerospace, defense, drones, satellites, and space exploration.
Improved Revenue Per Customer
Revenue per customer increased almost 15% year-over-year, showing increased share of wallet with large and strategic customers.
Expansion of Advanced CNC Machining Capabilities
Launch of advanced CNC machining capabilities including tighter tolerances, diverse finishes, and fast quality documentation, now available via e-commerce platform.
Recognition and Leadership Enhancement
Named one of America's Best-in-State Employers by Forbes and appointed Marc Kermisch as Chief Technology and AI Officer to strengthen leadership.
Strong Cash Generation and Shareholder Returns
Generated $29.1 million of cash from operations and returned $12.8 million to shareholders through repurchases, with $138.4 million of cash and investments and $0 debt.