Strong Revenue Growth
Net sales increased by 5.7% year-over-year to $631.1 million. North American net sales grew by 6.4% to $492.7 million, driven by price increases and acquisitions.
Operating Margin Stability
Operating margin remained stable at 22.2%, supported by disciplined cost management and targeted pricing strategies.
European Market Performance
European net sales increased by 2.7% despite local currency sales decline. Operating income in Europe rose by 29% due to reduced expenses and higher gross margins.
Expansion and Investment
Completed the expansion of the Columbus, Ohio facility on time and under budget. The Gallatin, Tennessee facility is on track for completion, aiding in domestic production of fasteners.
Customer and Product Line Expansion
Expanded customer base and product lines, particularly in digital solutions and component manufacturing, contributing to above-market growth.