Total Revenue

18% increase (from $634.44M to $749.55M)

Total Revenue rose by 18% due to robust demand across operating segments and compounded growth from previous period improvements. The higher revenue base in Q1 2024 (at $634.44M) benefited from strategic initiatives that continued into Q1 2025, driving the increase to $749.55M. " "

Communications Revenue

36% increase (from $170.75M to $232.96M)

Communications revenue increased by 36%, reflecting strong demand in the data center, high-tech manufacturing, and distribution center end markets. This growth built on the previous period’s performance, where the segment had already shown promise, and in Q1 2025 the mix further improved. " " "

Infrastructure Solutions Revenue

72% increase (from $62.89M to $108.13M)

Infrastructure Solutions surged by 72% YoY, driven by expanded capacity and strong demand for custom engineered solutions. The significant base expansion compared to Q1 2024 set the stage for this leap, highlighting the effective integration of prior period capacity and targeted acquisitions that amplified growth. " " "

Net Income

32% increase (from $43.59M to $57.68M)

Net Income grew by 32% as a result of higher top-line revenue and improved operating efficiency. The previous period’s net income of $43.59M served as a strong foundation, while continued cost management and margin improvements in Q1 2025 drove earnings up to $57.68M. " "

Operating Income

29% increase (from $57.99M to $74.62M)

Operating Income rose by 29%, underpinned by enhanced gross margins and operational efficiencies. Improvements in pricing, cost control, and execution seen in the previous period persisted into Q1 2025, increasing operating income from $57.99M to $74.62M. " "

Cash and Cash Equivalents

32% decrease (from $87.46M to $59.07M)

Cash declined by approximately 32%, dropping from $87.46M to $59.07M, as higher investing and financing outflows (including CAPEX spending and treasury stock activity) offset robust operating cash generation. The previous period’s higher balance was reduced substantially by these outflows in Q1 2025. " "

Total Stockholders' Equity

33% increase (from $488.64M to $652.44M)

Total Stockholders’ Equity increased by 33% due to strong net income which boosted retained earnings, despite treasury stock repurchases. The prior period’s equity of $488.64M grew through profitable operations and favorable equity adjustments, reaching $652.44M in Q1 2025. " "