Significant Growth in Key Segments
Semiconductor wafer fab sales surged by 139%, and Canvys sales increased 39.5% in the third quarter of fiscal year 2025.
Positive Cash Flow and Strong Balance Sheet
The company achieved positive operating cash flow for the fourth consecutive quarter, ending with no debt and $36.7 million in cash and equivalents.
Improved Gross Margin
Consolidated gross margin for the third quarter was 31.0% of net sales, a 150 basis point increase from the previous year, driven by margin expansion in PMT and GES.
Growth in Green Energy Solutions
GES sales totaled $9.3 million, a 55% increase over the most recent Q2, with a year-to-date increase of 26% over the prior year.
Strong Backlog
The combined GES and PMT backlog remained strong at $95 million at the end of Q3, supporting future growth.