Strong Cash Performance and Aftermarket Growth
Exceeded cash guidance by $35 million and accelerated aftermarket growth with a 13% year-over-year increase. Aftermarket contributed over 60% of profit, offsetting some Commercial OEM softness.
Restoration of Interiors Business Profitability
Interiors business returned to profitability through a settlement with Boeing and cost reductions. Expected to achieve higher historical levels of profitability as Commercial OEM volumes return.
Increased Fiscal 2025 Guidance
Raised fiscal '25 guidance for profitability and cash flow. Expecting EBITDAP of $190 million to $195 million and free cash flow of $20 million to $30 million.
Successful Military OEM and Aftermarket Performance
Military OEM revenues increased, with a backlog growth of 4%. Aftermarket backlog increased by 12%, driven by strong spares and repairs orders.
Operational Excellence Across All Operating Companies
Achieved tenth consecutive quarter of organic growth and improved operational excellence.