Adjusted EBITDA was $30.8 million with a margin of 13%.
Backlog increased 23% year-over-year to $360 million, led by longer-cycle project orders offsetting short-cycle softness.
Free cash flow was negative $21.4 million due to working capital seasonality, acquisition payments, higher taxes, and tariff payments.
GAAP loss per share was $0.07; adjusted EPS was $0.50, down $0.12 year-over-year mainly due to tariffs.
Gross margin was 32.7% GAAP and 34.3% adjusted, with adjusted gross margin contracting 370 basis points year-over-year due to tariffs, volume, and mix.
Operating income was $5.5 million GAAP and $18.5 million adjusted, with adjusted operating margin of 7.8%.
Orders grew 2% year-over-year to $259 million, driven by 8% growth in project-related orders and strength in EMEA.
Sales were down 2% year-over-year to $235.9 million, with a 3% decline in short-cycle sales and unchanged project-related sales.
SG&A expenses increased on a GAAP basis due to acquisition and realignment costs but adjusted SG&A decreased 5% excluding these items.
Short-cycle orders declined 4% due to tariff impacts and market digestion of price increases.
Tariffs negatively impacted gross profit by $4.2 million and gross margin by 180 basis points in Q1.
Dafinchi