Record Gross Margin
Achieved a record gross margin above 40%, with operating margin near 16% in Q1 2025, despite challenging market conditions.
Acquisition of Amran/Narayan Group
Acquired Amran Instrument Transformers and Narayan Powertech for $462 million. The acquisition is expected to be immediately accretive to revenue growth, EBITDA margin, and earnings per share.
Growth in Engineering Technologies
Engineering Technologies revenue increased by 12.7% year-on-year, driven by organic growth of 13.3%.
Strong Order Pipeline in Electronics
Orders in Electronics increased 15% sequentially, reaching the highest level in over a year.
Expansion into Fast-Growth Markets
Exposure to fast-growth markets increased to approximately 25% of total sales on a pro forma basis for fiscal 2024.