Financial Performance - Revenue for Q1 FY26 increased by $55 million, or 11%, reaching $555 million[11, 18] - Gross profit for Q1 FY26 increased by $24 million, or 19%, with gross margin expanding by 170 bps to 265%[11, 24] - Adjusted EBITDA for Q1 FY26 increased by 33% to $68 million, resulting in an Adjusted EBITDA margin of 123%[11, 26] - Net income for Q1 FY26 increased by 55% to $46 million[11] Orders and Backlog - Q1 FY26 orders totaled $1259 million, leading to a book-to-bill ratio of 23x[11] - Record backlog reached $4829 million[11] - Defense sector accounts for 87% of the backlog, while Energy & Process represents 11%, and Space comprises 3%[39] Financial Outlook for FY26 - Net sales are projected to be between $225 million and $235 million[44] - Adjusted EBITDA is expected to be in the range of $22 million to $28 million[44] - Capital expenditures are estimated at $15 million to $18 million[44]

Financial Performance Highlights - Revenue for the fourth quarter of fiscal year 2025 was $59.3 million, up 21% compared to the prior-year period[10, 35] - Full-year fiscal 2025 revenue reached a record $209.9 million, a 13% increase from the previous year[10, 36] - Gross margin for the fourth quarter of fiscal year 2025 was 27%, an increase of 110 bps[10, 43] - Full-year fiscal 2025 gross margin was 25.2%, a 330 bps expansion[10, 43] - Adjusted EBITDA for fiscal year 2025 was $22.4 million, resulting in a 10.7% margin[10, 45] - Net income for fiscal year 2025 was $12.2 million[10] Orders and Backlog - Record backlog reached $412.3 million[10, 55] - Fiscal year 2025 orders totaled $231.1 million[10] - The book-to-bill ratio for fiscal year 2025 was 1.1x[10] - Defense sector accounted for 83% of the Q4 backlog[54] Fiscal Year 2026 Outlook - Net sales are projected to be between $225 million and $235 million[59] - Adjusted EBITDA is expected to range from $22 million to $28 million[59]