Pro-Dex(PDEX) - 2026 Q2 - Quarterly Results

Financial Performance - Net sales for the second quarter of fiscal 2026 increased by $1.9 million, or 11%, to $18.7 million compared to $16.8 million in the same period of fiscal 2025[3] - Gross profit for the second quarter increased by $671,000, or 13%, to $5.7 million, with a gross margin improvement of 1 percentage point to 31%[4] - Operating income for the second quarter rose by $567,000, or 21%, to $3.3 million, driven by higher sales and improved gross margins[6] - Net income for the second quarter was $2.2 million, or $0.66 per diluted share, compared to $2.0 million, or $0.61 per diluted share, in the prior year[6] - For the six months ended December 31, 2025, net sales increased by $5.5 million, or 17%, to $37.2 million from $31.7 million in the same period of fiscal 2025[7] - Gross profit for the six months increased by $889,000, or 9%, but gross margin decreased by 2 percentage points to 30% due to a less favorable product mix[8] - Operating income for the six months rose by $663,000, or 12%, to $6.4 million compared to $5.7 million in the prior year[10] - Net income for the six months was $6.9 million, or $2.07 per diluted share, compared to $4.5 million, or $1.33 per diluted share, in the same period of fiscal 2024[11] Strategic Initiatives - The company plans to complete an acquisition of a local machine shop, which will enhance manufacturing capacity and technology[12] - A three-year contract extension with the largest customer is expected to support future growth[12]