Total Revenue

-5.8% (from $515.8M in Q3 2024 to $486M in Q3 2025) " " "

The overall revenue decline reflects subdued demand across multiple segments, with lower sales volumes and pricing pressures. The decline in both the Metal Cutting and Infrastructure segments contributed to this drop, indicating ongoing market softness compared to the previous period. " " "

Metal Cutting Revenue

-6.9% (from $326.6M in Q3 2024 to $304M in Q3 2025) " " " "

Lower production volumes and weaker demand in the Metal Cutting segment caused a steeper decline compared to the prior period. This suggests that market headwinds and competitive pressures are significantly impacting this core business unit. " " " "

Infrastructure Revenue

-3.8% (from $189.2M in Q3 2024 to $182M in Q3 2025) " " " "

The Infrastructure segment experienced a moderate decline driven by fewer orders and a slowdown in customer spending on projects. This reflects a continued cautious investment sentiment relative to the previous period. " " " "

Americas Revenue

-4.9% (from $252.7M in Q3 2024 to $240.36M in Q3 2025) "

The Americas region saw a decline due to softness in key end markets such as Energy and General Engineering, coupled with adjustments in production and customer ordering patterns compared to Q3 2024. "

EMEA Revenue

-8.4% (from $165.1M in Q3 2024 to $151.26M in Q3 2025) "

A steeper decline in EMEA is attributed to worsening market conditions and reduced customer investment, particularly in transportation and general engineering, which persisted from previous challenges noted in earlier periods. "

Asia Pacific Revenue

-3.3% (from $98.0M in Q3 2024 to $94.78M in Q3 2025) "

The modest decline in Asia Pacific points to regional challenges such as softening industrial activity and a slower recovery in China, although this effect is less pronounced than in the Americas and EMEA. "

Net Income

+60% (from $20.71M in Q3 2024 to $33.08M in Q3 2025) " " " "

Despite lower revenue, enhanced margin management—through cost reductions, tax benefits, and operational improvements—resulted in a substantial net income increase. This turnaround underscores effective restructuring and efficiency initiatives compared to Q3 2024. " " " "

Operating Income

+25% (from $35.23M in Q3 2024 to $44.06M in Q3 2025) " " " "

Operating income growth was driven by favorable pricing adjustments, lower raw material costs, and restructuring savings, along with credit benefits that mitigated the impact of lower sales volumes. This reflects improved operational effectiveness relative to Q3 2024. " " " "