Crawford United Corporation Announces First Quarter 2025 Results
Crawford United Corporation (OTC: CRAWA) reported strong Q1 2025 financial results, with sales reaching $43.3 million, marking a 12.7% increase from Q1 2024 and a $5.9 million sequential increase from the previous quarter. The company's operating income grew 7.0% to $4.9 million, while net income rose 4.5% to $3.1 million, resulting in earnings per share of $0.88. EBITDA As Defined improved by 1.8% to $6.8 million. The quarter's sales performance set a new record, exceeding the previous record by $3.8 million. CEO Brian Powers expressed confidence in the company's business model and its ability to pursue revenue growth and acquisition opportunities.
Crawford United Corporation (OTC: CRAWA) ha riportato risultati finanziari solidi nel primo trimestre del 2025, con vendite pari a 43,3 milioni di dollari, segnando un aumento del 12,7% rispetto al primo trimestre del 2024 e un incremento sequenziale di 5,9 milioni di dollari rispetto al trimestre precedente. Il reddito operativo dell'azienda è cresciuto del 7,0%, raggiungendo 4,9 milioni di dollari, mentre l'utile netto è aumentato del 4,5%, arrivando a 3,1 milioni di dollari, con un utile per azione di 0,88 dollari. L'EBITDA, come definito, è migliorato dell'1,8%, attestandosi a 6,8 milioni di dollari. Le vendite del trimestre hanno stabilito un nuovo record, superando quello precedente di 3,8 milioni di dollari. Il CEO Brian Powers ha espresso fiducia nel modello di business dell'azienda e nella sua capacità di perseguire la crescita dei ricavi e le opportunità di acquisizione.
Crawford United Corporation (OTC: CRAWA) reportó sólidos resultados financieros en el primer trimestre de 2025, con ventas que alcanzaron los 43.3 millones de dólares, lo que representa un aumento del 12.7% respecto al primer trimestre de 2024 y un incremento secuencial de 5.9 millones de dólares con respecto al trimestre anterior. El ingreso operativo de la empresa creció un 7.0%, llegando a 4.9 millones de dólares, mientras que el ingreso neto aumentó un 4.5%, alcanzando 3.1 millones de dólares, con una ganancia por acción de 0.88 dólares. El EBITDA según la definición mejoró un 1.8%, situándose en 6.8 millones de dólares. Las ventas del trimestre establecieron un nuevo récord, superando el anterior en 3.8 millones de dólares. El CEO Brian Powers expresó confianza en el modelo de negocio de la compañía y en su capacidad para impulsar el crecimiento de ingresos y oportunidades de adquisición.
Crawford United Corporation (OTC: CRAWA)는 2025년 1분기 강력한 재무 실적을 보고했으며, 매출액은 4,330만 달러로 2024년 1분기 대비 12.7% 증가했고, 전 분기 대비 590만 달러 증가했습니다. 회사의 영업이익은 7.0% 증가한 490만 달러를 기록했으며, 순이익은 4.5% 증가한 310만 달러로 주당순이익은 0.88달러였습니다. 정의된 EBITDA는 1.8% 상승하여 680만 달러에 달했습니다. 이번 분기의 매출 실적은 이전 기록을 380만 달러 초과하며 새로운 기록을 세웠습니다. CEO 브라이언 파워스는 회사의 비즈니스 모델과 매출 성장 및 인수 기회 추구 능력에 대한 자신감을 표명했습니다.
Crawford United Corporation (OTC : CRAWA) a annoncé de solides résultats financiers pour le premier trimestre 2025, avec des ventes atteignant 43,3 millions de dollars, soit une augmentation de 12,7 % par rapport au premier trimestre 2024 et une hausse séquentielle de 5,9 millions de dollars par rapport au trimestre précédent. Le résultat d'exploitation de l'entreprise a progressé de 7,0 % pour atteindre 4,9 millions de dollars, tandis que le bénéfice net a augmenté de 4,5 % pour s'établir à 3,1 millions de dollars, ce qui correspond à un bénéfice par action de 0,88 dollar. L'EBITDA tel que défini s'est amélioré de 1,8 % pour atteindre 6,8 millions de dollars. Les ventes du trimestre ont établi un nouveau record, dépassant le précédent de 3,8 millions de dollars. Le PDG Brian Powers a exprimé sa confiance dans le modèle économique de l'entreprise et sa capacité à poursuivre la croissance des revenus et les opportunités d'acquisition.
Crawford United Corporation (OTC: CRAWA) meldete starke Finanzergebnisse für das erste Quartal 2025, mit einem Umsatz von 43,3 Millionen US-Dollar, was einer Steigerung von 12,7 % gegenüber dem ersten Quartal 2024 und einem sequenziellen Anstieg von 5,9 Millionen US-Dollar gegenüber dem Vorquartal entspricht. Das operative Ergebnis des Unternehmens stieg um 7,0 % auf 4,9 Millionen US-Dollar, während der Nettogewinn um 4,5 % auf 3,1 Millionen US-Dollar zunahm, was zu einem Gewinn je Aktie von 0,88 US-Dollar führte. Das EBITDA, wie definiert, verbesserte sich um 1,8 % auf 6,8 Millionen US-Dollar. Die Umsätze des Quartals stellten einen neuen Rekord auf und übertrafen den vorherigen Rekord um 3,8 Millionen US-Dollar. CEO Brian Powers zeigte sich zuversichtlich hinsichtlich des Geschäftsmodells des Unternehmens und dessen Fähigkeit, Wachstum bei den Einnahmen und Akquisitionsmöglichkeiten zu verfolgen.
- Record quarterly sales of $43.3 million, up 12.7% year-over-year
- Operating income increased 7.0% to $4.9 million
- Net income grew 4.5% to $3.1 million
- Sequential sales growth of $5.9 million from previous quarter
- EBITDA growth of 1.8% significantly lagged behind revenue growth of 12.7%
- Operating income and net income growth rates were lower than revenue growth
- Sales of
$43.3 million for the quarter, a$5.9 million sequential increase in sales from prior quarter - Improved sales, operating income, net income and EBITDA As Defined1 compared to Q1 2024
- Earnings per share of
$0.88 for the quarter
CLEVELAND, May 08, 2025 (GLOBE NEWSWIRE) -- Crawford United Corporation (OTC: CRAWA), a growth-oriented holding company serving diverse markets, today reported results for the quarter ended March 31, 2025.
For the quarter ended March 31, 2025, sales were
Brian Powers, President and CEO, stated, “We are pleased with the ongoing success of our business model and remain confident in our ability to achieve long-term strategic priorities. In the first quarter of 2025, we surpassed our prior record for quarterly sales by more than
About Crawford United Corporation.
Crawford United Corporation is a growth-oriented holding company providing specialty industrial products to a wide range of industries, including healthcare, aerospace, transportation and energy. The company currently operates two business segments and produces a diverse portfolio of complex, highly-engineered products for customers who demand American-made quality. The Commercial Air Handling Equipment segment is a leader in designing, manufacturing, and installing highly customized, large-scale institutional, commercial, and industrial air handling solutions, primarily for hospitals and universities. The Industrial & Transportation Products segment provides highly complex precision components and coatings to customers in the aerospace and defense industries, as well as a full line of branded metal, silicone, plastic, rubber, hydraulic, marine and fuel hose products. For more information, go to www.crawfordunited.com.
Information about Forward Looking Statements.
This press release contains forward-looking statements within the meaning of the “Safe Harbor” provisions of the Private Securities Litigation Reform Act of 1995, including statements made regarding the company’s future results. Generally, these statements can be identified by the use of words such as “guidance,” “outlook,” “believes,” “estimates,” “anticipates,” “expects,” “forecasts,” “seeks,” “projects,” “intends,” “plans,” “may,” “will,” “should,” “could,” “would” and similar expressions intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements, or other statements made by the Company, are made based on management's expectations and beliefs concerning future events impacting the Company and are subject to uncertainties and factors (including, but not limited to, those specified below) which are difficult to predict and, in many instances, are beyond the control of the Company. As a result, actual results of the Company could differ materially from those expressed in or implied by any such forward-looking statements. These uncertainties and factors include (a) shortages in supply or increased costs of necessary products, components or raw materials from the Company’s suppliers; (b) availability shortages or increased costs of freight and labor for the Company and/or its suppliers; (c) actions that governments, businesses and individuals take in response to public health crises, including mandatory business closures and restrictions on onsite commercial interactions; (d) conditions in the global and regional economies and economic activity, including slow economic growth or recession, inflation, currency and credit market volatility, reduced capital expenditures and changes in government trade, fiscal, tax and monetary policies, in particular the impact of any protectionist trade policies and related tariffs; (e) adverse effects from evolving geopolitical conditions, such as the military conflicts in Ukraine and Israel; (f) the Company's ability to effectively integrate acquisitions, and manage the larger operations of the combined businesses, (g) the Company's dependence upon a limited number of customers and the aerospace industry, (h) the highly competitive industries in which the Company operates, which includes several competitors with greater financial resources and larger sales organizations, (i) the Company's ability to capitalize on market opportunities in certain sectors, (j) the Company's ability to obtain cost effective financing and (k) the Company's ability to satisfy obligations under its financing arrangements, and the other risks described in “Item 1A. Risk Factors” in our Annual Report Form 10-K and the Company’s subsequent filings with the SEC.
Brian E. Powers
President & CEO
216-243-2449
bpowers@crawfordunited.com
“Crawford United has a great future behind it.”
1 EBITDA As Defined is a Non-GAAP financial measure. Please refer to the definition and table at the end of this release for a reconciliation of EBITDA As Defined to net income.
| CRAWFORD UNITED CORPORATION Consolidated Income Statement (Unaudited) | ||||||||||||
| Three Months Ended | ||||||||||||
| March 31, | ||||||||||||
| 2025 | 2024 | |||||||||||
| Sales | $ | 43,314,111 | 100 | % | $ | 38,439,639 | 100 | % | ||||
| Cost of sales | 31,252,489 | 72 | % | 28,194,606 | 73 | % | ||||||
| Gross Profit | 12,061,622 | 28 | % | 10,245,033 | 27 | % | ||||||
| Operating Expenses: | ||||||||||||
| Selling, general and administrative expenses | 7,168,770 | 17 | % | 5,670,943 | 15 | % | ||||||
| Operating Income | 4,892,852 | 12 | % | 4,574,090 | 12 | % | ||||||
| Other Expense and (Income): | ||||||||||||
| Interest charges | 326,624 | 1 | % | 237,841 | 1 | % | ||||||
| Loss on investments | — | 0 | % | 118,077 | 0 | % | ||||||
| Other expense | 351,654 | 1 | % | 72,263 | 0 | % | ||||||
| Total Other Expense | 678,278 | 2 | % | 428,181 | 1 | % | ||||||
| Income before Income Taxes | 4,214,574 | 10 | % | 4,145,909 | 11 | % | ||||||
| Income tax expense | 1,083,540 | 3 | % | 1,149,024 | 3 | % | ||||||
| Net Income | $ | 3,131,034 | 7 | % | $ | 2,996,885 | 8 | % | ||||
| Net income per common share | ||||||||||||
| Basic | $ | 0.88 | $ | 0.85 | ||||||||
| Diluted | $ | 0.88 | $ | 0.85 | ||||||||
| Weighted average shares outstanding | ||||||||||||
| Basic | 3,548,310 | 3,533,012 | ||||||||||
| Diluted | 3,550,683 | 3,538,292 | ||||||||||
CRAWFORD UNITED CORPORATION
Supplemental Non-GAAP Financial Measures (Unaudited)
EBITDA As Defined is a non-GAAP financial measure that reflects net income before interest expense, income taxes, depreciation and amortization, and also excludes certain charges and corporate-level expenses as defined in the Company's current revolving credit facility. The Company presents this non-GAAP financial measure because management uses EBITDA As Defined to assess the Company's performance and believes that EBITDA As Defined is useful to investors as an indication of the Company's compliance with its financial covenants in its revolving credit facility. Additionally, EBITDA As Defined is a measure used under the Company's revolving credit facility to determine whether the Company may incur additional debt under such facility. EBITDA As Defined is not a measure of performance under GAAP and should not be considered in isolation from, or as a substitute for, net income or cash flow information calculated in accordance with GAAP. EBITDA As Defined herein may not be comparable to similarly titled measures of other companies. The following table reconciles net income to EBITDA As Defined:
| Three Months Ended | ||||||||
| March 31, | ||||||||
| 2025 | 2024 | |||||||
| Net income | $ | 3,131,034 | $ | 2,996,885 | ||||
| Addback: | ||||||||
| Interest charges | 326,624 | 237,841 | ||||||
| Income tax expense | 1,083,540 | 1,149,024 | ||||||
| Depreciation and amortization | 1,176,005 | 1,030,294 | ||||||
| Non-cash stock-based compensation expense | (16,049 | ) | 612,354 | |||||
| Amortization of right of use assets | 600,816 | 453,669 | ||||||
| Loss on investments in equity securities | - | 118,077 | ||||||
| Non-recurring acquisition-related expenses | 506,248 | 89,063 | ||||||
| EBITDA As Defined | $ | 6,808,218 | $ | 6,687,207 | ||||
FAQ
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