Increased Sales and Pretax Income
Sales for the quarter reached $293 million, with an adjusted pretax income of $9 million. This includes a sequential increase in EV-related sales from 18% to 20% of total sales.
Significant Reduction in Freight Costs
The company achieved a notable reduction in freight costs, particularly premium freight, contributing to improved operational execution and cost efficiency.
Data Center Segment Growth
Sales in Power Products for data center applications grew by approximately 50% year-over-year, contributing positively to the company's overall performance.
Strong Program Awards and Launches
The company secured over $50 million in annual program awards and is on track with 30 program launches in fiscal '25, with another 20+ programs planned for fiscal '26.