Resilience in Revenue Growth
Pason generated consolidated revenue of $96.4 million in Q2 2025, a 1% increase from the $95.9 million in Q2 2024, despite challenging industry conditions.
Completions Segment Outperformance
The Completions segment saw revenue grow 12% from Q2 2024 to Q2 2025, even as industry activity fell by 25%.
Solar and Energy Storage Surge
The Solar and Energy Storage segment revenue increased by 58% year-over-year, driven by the timing of control system sales.
Strong Balance Sheet
Pason ended the quarter with $69.3 million in total cash and no interest-bearing debt, maintaining a strong financial position.
Increased Shareholder Returns
The company returned $20.2 million to shareholders through dividends and share repurchases in Q2 2025.