Revenue Growth
Second quarter revenue of $75.2 million grew 4.8% from the first quarter. The consolidated orders grew 7.5% sequentially.
Improved Gross Margin
Adjusted gross margin improved to 41.0%, with the Weighing Solutions segment delivering a record quarterly adjusted gross margin.
Positive Order Trends
Consolidated book-to-bill ratio of 1.06, with Measurement Systems and Sensors segments reporting book-to-bill ratios of 1.2 and 1.12, respectively.
Cash Flow Generation
Generated $6.0 million in cash from operations and $4.7 million in adjusted free cash flow.
Business Development Initiatives
Orders of approximately $17 million in the first half of the year, on track to achieve a goal of $30 million for 2025.
Cost Reduction and Efficiency
On course to reduce fixed costs by about $5 million for 2025 compared to the prior year, excluding inflation.
Measurement Systems Segment Growth
Revenue increased 5.1% sequentially, with an 18.1% increase in orders, resulting in a book-to-bill ratio of 1.2.