Net Sales

17.7% increase (from $849,654K to $1,000,165K)

Net Sales increased by 17.7% as Q1 2025 benefited from stronger market demand and the continued impact of earlier acquisitions, which helped boost sales from $849,654K in Q1 2024 to $1,000,165K. This improvement built upon prior period performance and favorable pricing trends. " "

Operating Income

12.4% increase (from $183,425K to $206,262K)

Operating Income grew by 12.4% thanks to higher sales volumes and improved operational efficiencies. Enhanced margin management and cost controls, compared to the previous quarter’s results, pushed operating income upward from $183,425K to $206,262K. " "

Depreciation and Amortization

Approximately 87% increase (from $9,169K to $17,123K)

Depreciation and Amortization surged by about 87% as new acquisitions and capital investments were integrated into Q1 2025’s results. This increase reflects a larger base of depreciable assets relative to Q1 2024’s $9,169K, tied to incremental expenses from the acquisitions. " "

Consolidated Net Income

12.4% increase (from $141,709K to $159,287K)

Consolidated Net Income improved by 12.4% as a result of higher net sales, better cost management, and lower interest expenses. The growth from $141,709K to $159,287K, with net income attributable to MLI up 13.7%, built on a strong performance foundation from prior periods. " "

Interest Expense

78% decrease (from $115K to $25K)

Interest Expense dropped sharply by about 78% in Q1 2025, from $115K in Q1 2024 to $25K, likely due to a reduction in outstanding interest-bearing debt or improved borrowing terms that lowered the cost compared to the previous period. " "

Net Cash Provided by Operating Activities

34.6% decline (from $173,625K to $113,559K)

Net Cash Provided by Operating Activities fell by roughly 34.6% because increased working capital requirements—such as higher accounts receivable and inventory levels—offset the gains from improved net income, reducing cash flow from $173,625K in Q1 2024 to $113,559K in Q1 2025. " "

Total Assets

11.7% increase (from $2,894,242K to $3,231,304K)

Total Assets expanded by approximately 11.7% driven by new acquisitions, increased property, plant, and equipment, and growth in receivables. The asset base grew from $2,894,242K in Q1 2024 to $3,231,304K in Q1 2025, reflecting both organic growth and capital investments from prior strategic initiatives. " "

Total Liabilities

22% increase (from $445,872K to $544,205K)

Total Liabilities rose by about 22% as a result of higher accounts payable and other current liabilities. This growth—from $445,872K to $544,205K—mirrors increased operational scale and financing needs that were less pronounced in Q1 2024. " "