Core Insights - Omni-Lite Industries Canada Inc. reported record bookings of US$5.7 million for the first quarter of fiscal 2025, leading to a backlog of US$7.1 million, the highest in the company's history [1][4] - The company completed the acquisition of Electric Components, Inc. (eComp) for US$350,000 in an all-cash transaction [1] Financial Performance - Revenue for the first quarter of fiscal 2025 was approximately US$3.3 million, showing strong organic growth in the fasteners business, despite a decline in the electronics segment [2] - Adjusted EBITDA for the quarter was approximately US$408,000, resulting in a margin of 12.3%, compared to a loss of US$83,000 in the previous quarter [2][7] - The company reported a net income of US$109,000, or US$0.01 per diluted share, with free cash flow of approximately US$341,000, an increase from US$112,000 in the same period last year [3][8] Bookings and Backlog - Bookings in the first quarter of fiscal 2025 were approximately US$5.7 million, a 55% increase compared to the first quarter of fiscal 2024, setting a company record [4] - The backlog at March 31, 2025, was approximately US$7.1 million, a 10% increase from US$6.5 million a year earlier and 55% above the backlog at December 31, 2024 [4] Management Commentary - The CEO of Omni-Lite highlighted that revenue and profitability were driven by strong performance in the fastener business, with expectations for notable contract wins in electronics components and contributions from the newly acquired eComp business [5]

Core Insights - NN, Inc. reaffirms its full-year adjusted EBITDA outlook for 2025 and sets a free cash flow guidance of $14-$16 million [1][15] - The company reported a net sales decrease of 12.8% year-over-year for Q1 2025, totaling $105.7 million, primarily due to business rationalization and unfavorable foreign exchange effects [5][6] - Adjusted EBITDA for Q1 2025 was $10.6 million, maintaining a margin of 10%, an increase from 9.3% in the prior year [5][8] Financial Performance - Q1 2025 net sales were $105.7 million, down from $121.2 million in Q1 2024, with pro forma net sales decreasing by 1.3% after adjustments [5][7] - The company reported a GAAP loss per share of $(0.23) compared to $(0.34) in Q1 2024, while adjusted net loss per share improved to $(0.03) from $(0.08) [9][33] - Free cash flow for Q1 2025 was a use of cash of $7.1 million, compared to a generation of cash of $0.3 million in the same period last year [9][34] Business Segments - Power Solutions segment net sales for Q1 2025 were $43.5 million, down from $48.2 million in Q1 2024, primarily due to the sale of Lubbock operations and lower volumes [10][11] - Mobile Solutions segment net sales decreased to $62.2 million from $73.1 million in Q1 2024, with losses from operations increasing to $2.7 million [12][13] Strategic Initiatives - The company secured $16.4 million in new business wins during the quarter, contributing to a robust commercial pipeline exceeding $740 million [4][21] - NN, Inc. aims for a $15 million cost reduction in 2025 as part of its operational efficiency initiatives [4][5] - The adjusted EBITDA margin target has been raised to 13-14% over the next five years [5][6] Outlook - For 2025, NN, Inc. expects net sales to range between $430 million and $460 million, with adjusted EBITDA projected between $53 million and $63 million [14][15] - The company anticipates that macroeconomic uncertainties will not significantly impact its operations, maintaining a positive outlook for organic growth and cash flow generation [4][15]