Total Revenue

+18% (from $705.7M to $833.96M)

Total Revenue increased by 18% YoY, driven by robust growth in key segments such as Communications (up 41%), Infrastructure Solutions (up 55%), and Commercial & Industrial (up 29%). This build‐up from Q2 2024 reflects stronger market demand and improved execution across segments. " " "

Communications Revenue

+41% (from $193.5M to $273.02M)

Communications revenue surged by 41% YoY as the segment capitalized on heightened demand in the data center and high‑tech markets, significantly outperforming last year’s lower base. This leap indicates effective operational enhancements and a strong market rebound compared to Q2 2024. " " "

Infrastructure Solutions Revenue

+55% (from $75.8M to $117.62M)

Infrastructure Solutions revenue rose 55% YoY, reflecting strong demand for custom engineered solutions and generator enclosures. The marked increase from Q2 2024’s figures underscores successful capitalizing on market opportunities and enhanced pricing and operational efforts. " " "

Residential Revenue

-6% (from $339.4M to $317.97M)

Residential revenue declined by 6% YoY likely due to weakening demand in the housing market, potentially from affordability issues or other market headwinds, contrasting with stronger performance in other segments that drove overall revenue gains. " " "

Commercial & Industrial Revenue

+29% (from $97.1M to $125.36M)

Commercial & Industrial revenue increased by 29% YoY as a result of improved bid margins and the successful execution of a growing backlog. This strong performance marked a notable improvement over the previous period’s figures. " " "

Operating Income

+19% (from $77.71M to $92.70M)

Operating income grew by 19% YoY, driven by higher revenues from better performing segments and improved operational efficiencies. Enhanced margins in key areas compared to Q2 2024 indicate effective process improvements and cost management. " "

Net Income

+28% (from $56.80M to $72.59M)

Net income increased by 28% YoY, reflecting gains from improved operating income and tighter cost controls. The uptick over Q2 2024’s results underscores successful execution of strategic initiatives across the business. " "

Cash and Cash Equivalents

-79% (from $105,969K to $22,427K)

Cash and cash equivalents fell dramatically by over 79% YoY, primarily due to aggressive investing and financing activities that consumed liquidity, even while total assets expanded. This sharp drop contrasts with the more robust liquidity position in Q2 2024 and signals a significant capital reallocation. " "