Crawford United Corporation Announces Second Quarter 2025 Results

Core Insights - Crawford United Corporation reported strong financial results for the quarter ended June 30, 2025, with significant increases in sales, operating income, net income, and EBITDA compared to the same period in 2024 [2][3][4]. Financial Performance - For the quarter, sales reached $46.9 million, a 24.5% increase from $37.6 million in Q2 2024 [2][6]. - Operating income was $7.3 million, up 43.3% from $5.1 million in the same quarter of the previous year [2][6]. - Net income for the quarter was $5.1 million, or $1.44 per fully diluted share, compared to $3.3 million or $0.92 per share in Q2 2024, marking a 56.2% increase [2][6]. - Year-to-date sales totaled $90.2 million, an 18.5% increase from $76.1 million in the same period of 2024 [3][6]. - Year-to-date operating income was $12.2 million, a 26.1% increase from $9.7 million in the prior year [3][6]. - Year-to-date net income was $8.3 million, or $2.32 per fully diluted share, compared to $6.3 million or $1.77 per share in 2024, reflecting a 31.5% increase [3][6]. - EBITDA As Defined for the quarter was $9.3 million, a 39.4% increase from $6.7 million in Q2 2024 [2][6]. Business Segments - Crawford United Corporation operates in two business segments: Commercial Air Handling Equipment and Industrial & Transportation Products, providing specialty industrial products across various industries including healthcare, aerospace, transportation, and energy [4][10]. - The Commercial Air Handling Equipment segment specializes in large-scale air handling solutions and HVAC coils, primarily for hospitals and universities [4]. - The Industrial & Transportation Products segment offers precision components and coatings for aerospace and defense, along with a range of branded hose products [4]. Management Commentary - Brian Powers, President and CEO, expressed satisfaction with the record highs in sales, gross margin, net income, earnings per share, and EBITDA, indicating confidence in the company's business model and long-term strategic priorities [4][8].