Consistent Revenue Growth
Q1 2025 marked the 16th consecutive quarter with year-over-year growth in revenue, totaling $194.1 million, up 1.7% from the prior year.
Military and Space Revenue Surge
Military and space revenue grew by 15% year-over-year, driven by missile programs and electronic warfare, with a backlog increase of $51 million.
Record Gross Margin and EBITDA
Gross margin reached a new quarterly record at 26.6%, and adjusted EBITDA was at 15.9% of sales, both showing significant improvements.
Engineered Products Growth
Engineered products contributed 23% of total revenue, up from 19% in 2023, with a strategic focus on increasing this mix further.