Financial Performance - Net sales for Q3 2025 were $350.1 million[8], a 20.1% increase compared to $291.4 million in Q3 2024[44] - Adjusted EBITDA for Q3 2025 was $27.1 million[8], a 55.7% increase compared to $17.4 million in Q3 2024[44] - Adjusted EBITDA margin increased by 170 basis points to 7.7% in Q3 2025[8] - Adjusted EPS for Q3 2025 was $0.47[8], compared to $0.36 in Q3 2024[44] - The company is raising its 2025 fiscal year adjusted EBITDA outlook to a range of $132 million to $142 million[12] Segment Performance - Infrastructure Solutions net sales increased by 17.1% to $193.3 million in Q3 2025[47] - Materials Solutions net sales increased by 24.1% to $156.9 million in Q3 2025[50] Backlog and Orders - The backlog level is $449.5 million[8] - Consolidated implied orders for Q3 2025 were $314 million[35], representing a 102% book-to-bill ratio[35] Liquidity and Capital Resources - Total available liquidity as of September 30, 2025, was $312.1 million, including $67.3 million in cash and cash equivalents and $244.8 million in available credit[53]

Financial Performance - Net sales for Q2 2025 were $330.3 million [8], a decrease of 4.4% compared to $345.5 million in Q2 2024 [44] - Adjusted EBITDA for Q2 2025 was $33.7 million [8], an increase of 22.1% compared to $27.6 million in Q2 2024 [44] - Adjusted EBITDA margin for Q2 2025 was 10.2% [8], an increase of 220 bps compared to 8.0% in Q2 2024 [44] - Adjusted EPS for Q2 2025 was $0.88 [8], an increase of 44.3% compared to $0.61 in Q2 2024 [44] - Free cash flow was $9.0 million in Q2 2025 [8], representing 53.9% of net income [8] Segment Performance - Infrastructure Solutions net sales for Q2 2025 were $204.6 million [47], a decrease of 7.6% compared to $221.4 million in Q2 2024 [47] - Infrastructure Solutions segment operating adjusted EBITDA margin for Q2 2025 was 15.7% [47], an increase of 340 bps compared to 12.3% in Q2 2024 [47] - Materials Solutions net sales for Q2 2025 were $125.7 million [50], an increase of 1.3% compared to $124.1 million in Q2 2024 [50] - Materials Solutions segment operating adjusted EBITDA margin for Q2 2025 was 11.3% [50], an increase of 310 bps compared to 8.2% in Q2 2024 [50] Backlog and Orders - The backlog level is $380.8 million [8]