Total Revenue

+22% (from $59.04M in Q1 2024 to $72.03M in Q1 2025)

Total Revenue improved primarily due to stronger overall sales performance, with the fire safety segment’s robust growth contributing significantly; this marks a recovery from the lower revenue base in Q1 2024, reflecting the market’s rebound and enhanced operational execution. " "

Fire Safety Segment

+48% (from $25.16M in Q1 2024 to $37.16M in Q1 2025)

Fire Safety revenue surged thanks to increased fire activity in critical regions like California and North America, driving higher fire retardant sales compared to the previous period’s subdued performance, and demonstrating the effectiveness of the company’s strategic pricing and deployment efforts. " "

Specialty Products

+3% (from $33.89M in Q1 2024 to $34.87M in Q1 2025)

Specialty Products' modest growth resulted from a $7.5M revenue boost from a recent acquisition, which was largely offset by a $6.5M decline due to unplanned plant downtime, highlighting the mixed impact of new business contributions against operational setbacks. " "

Net Income

Turnaround from a loss of $82.56M to a profit of $56.69M

Net Income reversed dramatically as operational improvements and higher revenues overcame prior period losses, reflecting better cost control and revenue mix improvements relative to Q1 2024. " "

Operating Income

Shift from a loss of $74.86M to a gain of $77.81M

Operating Income turned positive driven by enhanced revenue performance in key segments and tighter cost management, marking a significant recovery from the previous period’s losses and indicating better operational efficiency. " "

Earnings per Share (EPS)

Improved from -$0.57 to $0.38

EPS increased substantially as the profitability turnaround at both the operational and net income levels drove better per-share performance, overcoming the negative figures from Q1 2024 through effective cost control and revenue expansion. " "