- Adjusted earnings per share increased to $0.30, up 25% year-over-year and 30% sequentially.
- Adjusted EBITDA rose to $14 million, a 14.8% increase year-over-year, with margins improving to 14.4% from 12.5% in Q1.
- Elektron segment sales increased 19% year-over-year to $50.1 million with adjusted EBITDA of $9.1 million and margins expanding to 18.2%.
- Gas Cylinders sales were $47 million, up 14% sequentially but down 6% year-over-year, with adjusted EBITDA of $4.9 million and margins improving to 10.4%.
- Net debt ended at $48.2 million with leverage at 0.9x, and cash from operations was $1.2 million.
- Pricing actions, foreign exchange tailwinds, and volume/mix improvements contributed positively to sales and EBITDA, partially offset by FX headwinds, inflation, and higher operating expenses.
- Sales were $97.1 million, up 5.8% year-over-year, driven by strength in defense and aerospace markets.
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Dafinchi