Net Sales Increase
Fourth quarter net sales increased by 6% sequentially, driven by a 9% increase in consolidated shipments, particularly in aerospace, defense, energy, and automotive sectors.
Aerospace and Defense Growth
Aerospace and defense sales increased by 17% to nearly $135 million in 2024, representing 12% of total sales, up from 8% in 2023.
Safety Improvements
Investment of $8 million in 2024 led to a 7% decline in OSHA total recordable injury rate and a 15% improvement in corrective action completion rate.
Trade Environment Impact
Anticipated tariff implementation on March 12, 2025, is expected to boost domestic demand and has already led to increased customer engagement.
New Energy Programs
Newly launched programs for energy customers targeting $20 million in annual sales by 2026, demonstrating commitment to innovation and customer collaboration.