Crawford United Corporation Announces Second Quarter 2025 Results
Crawford United Corporation (OTC: CRAWA) reported exceptional second quarter 2025 results, with record-breaking performance across key metrics. The company achieved quarterly sales of $46.9 million, up 24.5% year-over-year, and net income of $5.1 million, a 56.2% increase.
Quarterly earnings per share reached $1.44, compared to $0.92 in Q2 2024, while EBITDA As Defined grew 39.4% to $9.3 million. Year-to-date performance showed similar strength, with sales of $90.2 million (up 18.5%) and net income of $8.3 million (up 31.5%).
CEO Brian Powers highlighted the company's record performance and expressed confidence in Crawford United's strategic positioning for future growth and acquisition opportunities.
Crawford United Corporation (OTC: CRAWA) ha riportato risultati eccezionali nel secondo trimestre del 2025, con una performance da record nei principali indicatori. L'azienda ha raggiunto vendite trimestrali per 46,9 milioni di dollari, in aumento del 24,5% rispetto all'anno precedente, e un utile netto di 5,1 milioni di dollari, con un incremento del 56,2%.
L'utile per azione trimestrale è salito a 1,44 dollari, rispetto a 0,92 dollari nel secondo trimestre del 2024, mentre l'EBITDA come definito è cresciuto del 39,4%, raggiungendo 9,3 milioni di dollari. La performance da inizio anno mostra una forza analoga, con vendite per 90,2 milioni di dollari (in aumento del 18,5%) e un utile netto di 8,3 milioni di dollari (in crescita del 31,5%).
Il CEO Brian Powers ha sottolineato la performance record dell’azienda, esprimendo fiducia nel posizionamento strategico di Crawford United per la crescita futura e le opportunità di acquisizione.
Crawford United Corporation (OTC: CRAWA) reportó resultados excepcionales en el segundo trimestre de 2025, con un rendimiento récord en métricas clave. La compañía alcanzó ventas trimestrales de
Las ganancias por acción trimestrales fueron de $1.44, frente a $0.92 en el segundo trimestre de 2024, mientras que el EBITDA definido creció un 39,4% hasta $9.3 millones. El desempeño acumulado del año mostró una fortaleza similar, con ventas de $90.2 millones (aumento del 18,5%) y un ingreso neto de $8.3 millones (incremento del 31,5%).
El CEO Brian Powers destacó el rendimiento récord de la empresa y expresó confianza en el posicionamiento estratégico de Crawford United para el crecimiento futuro y oportunidades de adquisición.
Crawford United Corporation (OTC: CRAWA)는 2025년 2분기에 주요 지표에서 기록적인 성과를 달성하며 뛰어난 실적을 보고했습니다. 회사는 분기 매출 4690만 달러를 기록하며 전년 동기 대비 24.5% 증가했고, 순이익은 510만 달러로 56.2% 상승했습니다.
분기 주당순이익은 1.44달러로 2024년 2분기의 0.92달러에 비해 크게 증가했으며, 정의된 EBITDA는 39.4% 성장하여 930만 달러에 달했습니다. 연초부터의 실적도 강세를 보이며 매출은 9020만 달러(18.5% 증가), 순이익은 830만 달러(31.5% 증가)를 기록했습니다.
CEO 브라이언 파워스는 회사의 기록적인 실적을 강조하며, 크로포드 유나이티드가 미래 성장과 인수 기회를 위한 전략적 위치에 있음을 확신한다고 밝혔습니다.
Crawford United Corporation (OTC : CRAWA) a annoncé des résultats exceptionnels pour le deuxième trimestre 2025, avec une performance record sur les principaux indicateurs. La société a réalisé un chiffre d'affaires trimestriel de 46,9 millions de dollars, en hausse de 24,5 % par rapport à l'année précédente, et un bénéfice net de 5,1 millions de dollars, soit une augmentation de 56,2 %.
Le bénéfice par action trimestriel a atteint 1,44 dollar, contre 0,92 dollar au deuxième trimestre 2024, tandis que l'EBITDA défini a progressé de 39,4 % pour atteindre 9,3 millions de dollars. Les performances depuis le début de l'année montrent une vigueur similaire, avec un chiffre d'affaires de 90,2 millions de dollars (en hausse de 18,5 %) et un bénéfice net de 8,3 millions de dollars (en hausse de 31,5 %).
Le PDG Brian Powers a souligné la performance record de l'entreprise et exprimé sa confiance dans le positionnement stratégique de Crawford United pour la croissance future et les opportunités d'acquisition.
Crawford United Corporation (OTC: CRAWA) meldete herausragende Ergebnisse für das zweite Quartal 2025 mit einer rekordverdächtigen Leistung in wichtigen Kennzahlen. Das Unternehmen erzielte einen Quartalsumsatz von 46,9 Millionen US-Dollar, was einem Anstieg von 24,5 % gegenüber dem Vorjahr entspricht, und einen Nettogewinn von 5,1 Millionen US-Dollar, was einem Zuwachs von 56,2 % entspricht.
Der Gewinn je Aktie für das Quartal lag bei 1,44 US-Dollar im Vergleich zu 0,92 US-Dollar im zweiten Quartal 2024, während das EBITDA nach Definition um 39,4 % auf 9,3 Millionen US-Dollar stieg. Die Jahresleistung zeigte eine ähnliche Stärke mit Umsätzen von 90,2 Millionen US-Dollar (plus 18,5 %) und einem Nettogewinn von 8,3 Millionen US-Dollar (plus 31,5 %).
CEO Brian Powers hob die Rekordleistung des Unternehmens hervor und zeigte sich zuversichtlich hinsichtlich der strategischen Positionierung von Crawford United für zukünftiges Wachstum und Akquisitionsmöglichkeiten.
- Record-breaking performance across sales, gross margin, net income, EPS, and EBITDA
- Quarterly revenue increased 24.5% year-over-year to $46.9 million
- Net income grew 56.2% to $5.1 million in Q2 2025
- Operating income increased 43.3% to $7.3 million
- EBITDA As Defined rose 39.4% to $9.3 million
- None.
- Earnings per share of
$1.44 for the quarter and$2.32 year-to-date - Sales of
$46.9 million for the quarter, an increase of24.5% from the prior year quarter - Net income of
$5.1 million for the quarter and$8.3 million year-to-date - EBITDA As Defined1 of
$9.3 million for the quarter and$16.1 million year-to-date
CLEVELAND, July 31, 2025 (GLOBE NEWSWIRE) -- Crawford United Corporation (OTC: CRAWA), a growth-oriented holding company serving diverse markets, today reported results for the quarter ended June 30, 2025.
For the quarter ended June 30, 2025, sales were
For the year-to-date period ended June 30, 2025, sales were
Brian Powers, President and CEO, stated, “Our sales, gross margin, net income, earnings per share and EBITDA As Defined all reached record highs this quarter. We are pleased with the ongoing success of our business model and remain confident in our ability to achieve long-term strategic priorities. Crawford United is well positioned to pursue opportunities for increased revenue and profitability, always with an eye towards additional acquisitions."
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 large-scale commercial, institutional and industrial air handling solutions, as well as high quality HVAC coils, 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 the Middle East; (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 | Six Months Ended | |||||||||||||||||||||||||||
| June 30, | June 30, | |||||||||||||||||||||||||||
| 2025 | 2024 | 2025 | 2024 | |||||||||||||||||||||||||
| Sales | $ | 46,854,462 | 100 | % | $ | 37,636,088 | 100 | % | $ | 90,168,573 | 100 | % | $ | 76,075,727 | 100 | % | ||||||||||||
| Cost of sales | 32,332,734 | 69 | % | 27,224,773 | 72 | % | 63,585,220 | 71 | % | 55,419,379 | 73 | % | ||||||||||||||||
| Gross Profit | 14,521,728 | 31 | % | 10,411,315 | 28 | % | 26,583,353 | 29 | % | 20,656,348 | 27 | % | ||||||||||||||||
| Operating Expenses: | ||||||||||||||||||||||||||||
| Selling, general and administrative expenses | 7,191,273 | 15 | % | 5,295,134 | 14 | % | 14,360,044 | 16 | % | 10,966,077 | 14 | % | ||||||||||||||||
| Operating Income | 7,330,455 | 16 | % | 5,116,181 | 14 | % | 12,223,309 | 13 | % | 9,690,271 | 13 | % | ||||||||||||||||
| Other Expense and (Income): | ||||||||||||||||||||||||||||
| Interest charges | 308,916 | 1 | % | 304,057 | 1 | % | 635,540 | 1 | % | 541,898 | 1 | % | ||||||||||||||||
| Loss on investments | — | 0 | % | 261,389 | 1 | % | — | 0 | % | 379,466 | 1 | % | ||||||||||||||||
| Other expense | 69,307 | 0 | % | (5,557 | ) | 0 | % | 420,962 | 0 | % | 66,706 | 0 | % | |||||||||||||||
| Total Other Expense | 378,223 | 1 | % | 559,889 | 2 | % | 1,056,502 | 1 | % | 988,070 | 2 | % | ||||||||||||||||
| Income before Income Taxes | 6,952,232 | 15 | % | 4,556,292 | 12 | % | 11,166,807 | 12 | % | 8,702,201 | 11 | % | ||||||||||||||||
| Income tax expense | 1,822,383 | 4 | % | 1,272,836 | 3 | % | 2,905,923 | 3 | % | 2,421,860 | 3 | % | ||||||||||||||||
| Net Income | $ | 5,129,849 | 11 | % | $ | 3,283,456 | 9 | % | $ | 8,260,884 | 9 | % | $ | 6,280,341 | 8 | % | ||||||||||||
| Net income per common share | ||||||||||||||||||||||||||||
| Basic | $ | 1.44 | $ | 0.93 | $ | 2.33 | $ | 1.78 | ||||||||||||||||||||
| Diluted | $ | 1.44 | $ | 0.92 | $ | 2.32 | $ | 1.77 | ||||||||||||||||||||
| Weighted average shares outstanding | ||||||||||||||||||||||||||||
| Basic | 3,551,932 | 3,540,656 | 3,550,131 | 3,536,834 | ||||||||||||||||||||||||
| Diluted | 3,559,717 | 3,552,513 | 3,555,355 | 3,545,473 | ||||||||||||||||||||||||
| 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 | Six Months Ended | TTM Ended | ||||||||||||||||||
| June 30, | June 30, | June 30, | ||||||||||||||||||
| 2025 | 2024 | 2025 | 2024 | 2025 | ||||||||||||||||
| Net income | $ | 5,129,849 | $ | 3,283,456 | $ | 8,260,884 | $ | 6,280,341 | $ | 15,578,509 | ||||||||||
| Addback: | ||||||||||||||||||||
| Interest charges | 308,916 | 304,057 | 635,540 | 541,898 | 1,091,399 | |||||||||||||||
| Income tax expense | 1,822,383 | 1,272,836 | 2,905,923 | 2,421,860 | 4,531,312 | |||||||||||||||
| Depreciation and amortization | 1,172,282 | 975,086 | 2,348,287 | 2,005,380 | 4,477,267 | |||||||||||||||
| Stock-based compensation expense | 248,074 | 232,225 | 232,026 | 844,579 | 696,475 | |||||||||||||||
| Amortization of right of use assets | 609,802 | 327,683 | 1,210,618 | 781,352 | 1,861,398 | |||||||||||||||
| Loss (Gain) on investments in equity securities | - | 261,389 | - | 379,466 | (12,059 | ) | ||||||||||||||
| Non-recurring acquisition-related expenses | 21,998 | 23,588 | 528,244 | 112,651 | 1,068,401 | |||||||||||||||
| EBITDA As Defined | $ | 9,313,304 | $ | 6,680,320 | $ | 16,121,522 | $ | 13,367,527 | $ | 29,292,702 | ||||||||||
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