Strong Backlog Growth
Backlog increased nearly 48% on a reported basis and 9% organically, driven by solid order trends and extended backlog conversion.
Improved EBITDA Margin
Achieved an adjusted EBITDA margin of nearly 24% during the third quarter, the highest quarterly margin performance in two years.
Free Cash Flow and Debt Reduction
Generated $23 million in free cash flow, up $3 million from last year, and paid down $12 million in debt, reducing net leverage to just over one times.
Diversification Success
Achieved FY26 goal of generating at least 70% of revenues from diverse markets, reducing reliance on the oil and gas sector.
Solid Order Momentum
Orders during the third quarter were $139 million, an 11.4% increase year-over-year, with 70% from diverse end markets.