Company Reports Q4 Revenue of $489.7M, Beating Expectations
Reports Q4 revenue $489.7M, consensus $448.78M. "I am very proud of our team for delivering strong results in the fourth quarter despite the intense focus placed on addressing a previously announced quality event that impacted our large precision clad strip customer. While working diligently to resolve the issue, the rest of our business performed very well, with Electronic Materials and Precision Optics driving double digit top and bottom-line growth, fueled by market outgrowth and strong operational execution," said CEO Jugal Vijayvargiya. "Our full year results reflect the substantial progress we've made, including the meaningful cost structure improvements made in Precision Optics and Electronic Materials that drove strong margin expansion, and the new business initiatives across the company that have strengthened our order book, positioning us well for growth in 2026. We expect to continue the momentum by delivering on our organic initiatives, capturing new business and driving operational excellence, resulting in strong top and bottom-line growth while advancing towards our mid-term margin target of 23%."
