Financial Data and Key Metrics Changes - Adjusted earnings per share was $0.30, an increase of 11% year over year [8] - Adjusted EBITDA was $13.6 million for an adjusted EBITDA margin of 14.6%, reflecting a slight increase from last year [8][9] - Year-to-date sales increased 5.3% to $280.5 million, driven by strength in defense and aerospace [9] Business Line Data and Key Metrics Changes - Electron segment sales were $50 million, up 2.5% year over year, with adjusted EBITDA of $9.9 million at a 19.8% margin, up 160 basis points from last year [10] - Gas cylinders segment sales were $42.9 million, stable year over year, with adjusted EBITDA of $3.7 million and margins near 9% [12] Market Data and Key Metrics Changes - Continued strength in defense and aerospace markets, partially offset by softer demand in clean energy and automotive sectors [8][9] - SCBA volumes increased, and aerospace inflatables saw significant growth compared to both the prior year and sequentially [5] Company Strategy and Development Direction - The company is focusing on higher value markets, particularly in defense and aerospace, to enhance profitability [4][15] - Plans to establish a powders center of excellence in Saxenburg, Pennsylvania, to improve throughput and service for defense and specialty industrial customers [6][11] Management's Comments on Operating Environment and Future Outlook - Management raised full-year guidance for adjusted EPS to a range of $1.40 to $1.80, reflecting strong performance in the first three quarters [13] - The company continues to see some softness in automotive and alternative fuels, which is reflected in their guidance [13][14] Other Important Information - The sale of the graphic arts business was completed at the beginning of the quarter, allowing for a more concentrated allocation of resources [5] - Cash generation was strong, providing approximately $10 million of free cash flow, reducing net debt to $37.3 million [8] Q&A Session Summary Question: Strength in Electron despite challenging comp - Management noted strong demand in aerospace and defense, increased orders, and a favorable mix of higher value products contributed to the strong results [20][21] Question: Pricing and costs impact on margins - Margins were primarily driven by a favorable mix in aerospace and defense products, with pricing improvements mainly in the cylinders part of the business [22] Question: Opportunities in the commercial space market - The company has repurposed cylinder capacity to the space exploration market, achieving good margins and strong order visibility for Q4 [23] Question: Details on the powders center of excellence - The Saxenburg site will receive over $6 million in CapEx to improve production efficiency, with expected annual savings of $2 million [24] Question: Growth outlook for 2026 - Management indicated it is too early to provide guidance for 2026 but expects to see areas of growth [25]