Record Sales Growth
Sales increased 27.6% year-on-year to $217.4 million, with new product sales growing more than 35% to approximately $14.5 million. Orders reached approximately $226 million, marking the highest quarterly intake ever.
Strong Performance of Amran/Narayan Group
The Amran/Narayan Group delivered record sales of over $35 million and is expected to grow more than 20% year-on-year in fiscal 2026. Sales have grown nearly 35% over the past 12 months compared to before the acquisition.
Expanded Operations
New operations started in Croatia and Mexico, supporting growth in power requirements for data centers and grid expansion.
Increased Fiscal Year 2026 Sales Outlook
Revenue is now expected to grow by over $110 million, $10 million more than previously communicated, driven by strong momentum from new product sales and fast-growth markets.
Improved Adjusted Operating Margin
Adjusted operating margin increased 210 basis points year-on-year to 19.1%.