Increase in Consolidated Sales
Consolidated sales increased by 3.4% compared to Q2 2024, with net sales amounting to $98.6 million in Q2 2025.
Growth in Manufactured Products
Net sales at Manufactured Products increased by 35.2% to $55 million, with a gross profit increase from negative $1.8 million to $9.6 million, driven by improvements in the Defense Products business.
Gross Profit and EBITDA Improvement
Gross profit increased by $7.7 million to $16.2 million, and adjusted EBITDA improved to $10.2 million from $6.1 million in the previous year.
Free Cash Flow Increase
Free cash flow for Q2 2025 was $11.2 million, up from $7.3 million in Q2 2024.
Debt Reduction
Net debt balance decreased to $86.3 million from $98.9 million at the end of 2024.