Record Adjusted Operating Margin
Achieved a record adjusted operating margin of 18.7% in the fiscal second quarter, up 170 basis points sequentially and up 150 basis points year-on-year.
Successful Amran/Narayan Acquisition
Sales from the Amran/Narayan Group exceeded expectations, contributing significantly to fast-growth markets, with integration progressing well.
Growth in Fast-Growth Markets
Sales into fast-growth markets were over 20% of total company sales, with strong performance in the electrical grid, space, and defense applications.
New Product Sales Increase
New product sales totaled $14.5 million in the fiscal second quarter, increasing approximately $3.5 million sequentially and more than doubling year-on-year.
Updated Long-term Financial Targets
Increased fiscal 2028 targets to sales greater than $1.15 billion and adjusted operating margin of higher than 23%.