Double-Digit Sales Growth
Second quarter sales reached $89.3 million, reflecting a 23.2% year-over-year increase, driven by strong performance in marine propulsion and industrial segments.
Marine Propulsion Segment Growth
Sales in the marine propulsion segment grew 23.9% year-over-year, driven by demand in North American projects and luxury yacht markets.
Industrial Segment Growth
The industrial segment grew 44.8% year-over-year, driven by the addition of Casa and a rebound in Lufkin orders.
Improved Cash Flow
Operating cash generation of $4.3 million was strong in the quarter, and EBITDA increased to $6.3 million, up 13.5% compared to the second quarter of 2024.