Overview
- Adjusted EPS came in at $0.35 versus a $0.27 estimate on revenue of $229.253 million versus $214.077 million expected.
- Shares rose about 16% to $20.87 in Wednesday trading, according to Benzinga Pro data.
- New orders reached $199.135 million and backlog increased to $320.6 million compared with a year ago.
- Operating income improved to $21.563 million for a 9.4% margin, whereas GAAP net income declined to $17.481 million from $21.406 million.
- Ramesh Jayaraman was named president and CEO effective Feb. 1, 2026, as the company reaffirmed three‑year targets and outlined a Mexico facility expected to be in production by the end of fiscal 2026 with contractual tariff‑mitigation measures.