Record-Breaking Revenue and Growth
FTG set another sales record in Q2 2025 with revenue of $48.7 million, a 25.6% increase over Q2 last year, and record adjusted EBITDA of $8.7 million, up from $6.5 million in Q2 last year. Net earnings rose 36% to $3.5 million.
Strong Backlog and Bookings
Total bookings in Q2 2025 reached $45.8 million, and the quarter-end backlog stood at $133.5 million, a 9% rise from the previous year-end.
FLYHT Acquisition Success
The recent acquisition, FLYHT, achieved profitability in Q2 2025 and received its first supplemental type certificate from Transport Canada for its AFIRS Edge product.
Aerospace Business Growth
Aerospace segment sales increased by 56% in Q2 2025 compared to Q2 2024, primarily due to the acquisition of FLYHT.
Global Expansion Efforts
FTG finalized the facility design and signed a lease for a planned aerospace facility in Hyderabad, India, with a target completion date of late 2025. Sales grew by 120% in Asia and 170% in Europe.
Expansion of Leadership Team
FTG strengthened its leadership with the addition of Bill Sezate as Executive Vice President of FTG Circuits and Marko Viinikka as Executive Vice President of FTG Aerospace.