Crawford United Corporation Announces First Quarter 2025 Results

Core Viewpoint - Crawford United Corporation reported strong financial results for Q1 2025, showcasing growth in sales, operating income, net income, and EBITDA compared to the same period in 2024 [2][5][3]. Financial Performance - Sales for the quarter reached $43.3 million, a 12.7% increase from $38.4 million in Q1 2024 [2][5]. - Operating income was $4.9 million, up 7.0% from $4.6 million in the same quarter of the previous year [2][5]. - Net income increased to $3.1 million, or $0.88 per fully diluted share, compared to $3.0 million or $0.85 per share in Q1 2024, reflecting a 4.5% growth [2][5]. - EBITDA As Defined was $6.8 million, a slight increase of 1.8% from $6.7 million in the same quarter of 2024 [2][5]. Business Segments - Crawford United operates in two business segments: Commercial Air Handling Equipment and Industrial & Transportation Products, providing specialized industrial products across various industries including healthcare, aerospace, transportation, and energy [3][5]. - The Commercial Air Handling Equipment segment focuses on customized air handling solutions for institutions like hospitals and universities [3]. - The Industrial & Transportation Products segment supplies precision components and coatings for aerospace and defense, along with a range of hose products [3]. Strategic Outlook - The company expressed confidence in its business model and long-term strategic priorities, indicating a strong position to pursue revenue and profitability growth, including potential acquisitions [3][5].