The LGL (US:LGL)2025-11-14 21:28Revenue and Sales Performance - Total revenues decreased by $71, or 6.0%, from $1,179 for the three months ended September 30, 2024 to $1,108 for the three months ended September 30, 2025[131] - Net sales increased by $77, or 4.9%, from $1,573 for the nine months ended September 30, 2024 to $1,650 for the nine months ended September 30, 2025[138] - Net sales for the nine months ended September 30, 2025 were $1,650, an increase of $77, or 4.9%, compared to $1,573 for the same period in 2024[146] - Total revenues for the Corporate segment decreased by $38, or 18.0%, from $211 to $173 for the three months ended September 30, 2025[153] Profitability and Income - Net income attributable to LGL Group common stockholders increased by $700, or 972.2%, from $72 for the three months ended September 30, 2024 to $772 for the three months ended September 30, 2025[130] - Net income for the nine months ended September 30, 2025 was $762, an increase of $468, or 159.2%, from $294 for the same period in 2024[136] - Income from operations before income taxes increased by $71, or 59.2%, from $120 for the three months ended September 30, 2024 to $191 for the three months ended September 30, 2025[146] Expenses and Costs - Total expenses decreased by $53, or 5.1%, from $1,041 for the three months ended September 30, 2024 to $988 for the three months ended September 30, 2025[132] - Engineering, selling and administrative expenses increased by $165, or 8.7%, from $1,895 for the nine months ended September 30, 2024 to $2,060 for the nine months ended September 30, 2025[139] - Engineering, selling, and administrative expenses for the Merchant Investment segment increased by $136, or 62.7%, from $217 to $353 for the nine months ended September 30, 2025[150] - Manufacturing cost of sales decreased by $26, or 3.3%, from $786 to $760 for the nine months ended September 30, 2025[146] Tax and Investment Income - Income tax expense decreased by $722, or 1,504.2%, from $48 for the three months ended September 30, 2024 to an income tax benefit of $674 for the three months ended September 30, 2025[134] - Net investment income decreased by $89, or 16.8%, from $531 for the three months ended September 30, 2024 to $442 for the three months ended September 30, 2025[131] - Net investment income for the three months ended September 30, 2025 decreased by $44, or 13.8%, from $318 to $274 compared to the same period in 2024[148] Cash Flow and Liquidity - Cash provided by operating activities was $425 for the nine months ended September 30, 2025, a decrease of $466 compared to $891 for the same period in 2024[159] - Cash and cash equivalents at the end of the period were $41,571, a slight decrease from $41,585 at the beginning of the period[157] - Current ratio decreased from 47.2 to 39.6 as of September 30, 2025, indicating a tighter liquidity position[159] Order Backlog - As of September 30, 2025, the order backlog was $776, an increase of $440, or 131.0%, from $336 as of December 31, 2024[143] Corporate Segment Performance - Loss from operations before income taxes for the Corporate segment increased by $120, or 32.3%, from $371 to $491 for the nine months ended September 30, 2025[154]