0001437749-26-015032
SEC filingQ3 FY2026 delivered strong revenue growth of 19.0% to $96.7M and a profitability turnaround to $3.3M net income, driven by marine and propulsion demand, though elevated capital spending pressured cash flow to negative $8.0M.
Profitability metrics showed marked improvement. Gross profit reached $27.1 million, a 25.0% increase from $21.7 million, driving gross margin to 28.1%. Operating income jumped 199.0% to $5.8 million from $1.9 million, yielding an operating margin of 6.0%. This turnaround to net income of $3.3 million from a prior-year loss of $1.5 million, with diluted EPS at $0.23 versus $-0.11, reflects effective cost absorption amid higher volumes. Management's focus on operational leverage in these areas supported the shift from loss to profit, enhancing shareholder value.