Slide 1: Q3 2025 Earnings Report
Q3 2025 Earnings Report November 5, 2025
Slide 2: Safe Harbor Statement and Other Matters
Safe Harbor Statement and Other Matters Forward-Looking and Cautionary Statements Certain statements contained in this press release are "forward-looking statements" within the meaning of generally use words such as "future," "possible," "potential," "targeted," "anticipate," "believe," "estimate,"
Slide 3: Q3 Business Environment
Q3 Business Environment (In millions) Revenue by Industry For the quarter ended September 30 2025 2024 YoY Change Oil & Gas $105.7 $99.5 6.2% Aerospace & Defense $24.2 $21.9 10.6% Industrials $22.6 $19.5 15.8% Power Gen & Transmission $14.5 $11.7 24.3% Infrastructure, R&D & Eng $10.6 $8.7 21.1% Stra
Slide 4: Q3 Key Profitability Metrics
Q3 Key Profitability Metrics For the quarter ended September 30 (In millions) 2025 2024 Gross Profit $58.2 $48.9 Gross Profit Margin 29.8% 26.8% Adjusted EBITDA (Non-GAAP) $30.2 $23.3 Adjusted EBITDA Margin (Non-GAAP) 15.4% 12.8% Q3 2025 Highlights: Gross Profit Increase of $9.3 million or 19.0% Adj
Slide 5: Key Focus Areas
Key Focus Customer Engagement & Services Expansion Areas o Transforming services into solutions o Investing in client relationships Diversification & Core Strength o Aerospace & Defense o Power Generation o Infrastructure Operational Excellence o Digital tools o Cost controls o Discipline and accoun
Slide 6: Key Consolidated Income Statement Metrics
For the quarter ended September 30 Key 2025 2024 Consolidated Revenue $195.5 $182.7 Income Gross Profit $58.2 $48.9 Gross Profit Margin Statement 29.8% 26.8% Selling, General and Administrative Expenses $33.5 $33.2 Metrics Reorganization and Other Costs $1.8 $2.1 (In millions) Income from Operations
Slide 7: Key Cash Flow and Debt Balances
For the 9 months ended September 30 Key Cash Cash Flow 2025 2024 Flow and Net cash provided by operating activities (GAAP) $0.8 $24.5 Debt Less: Capital Expenditures ($21.7) ($18.1) Balances Free Cash Flow (non-GAAP) ($20.9) $6.3 (In millions) For the periods ended September 30, & December 31 Debt 2
Slide 8: 2025 Full Year Outlook
2025 Full Revenue Range Adj. EBITDA Range Adj. EBITDA Margin Year Outlook (In millions) $716 - $720 $86 - $88 12.0% - 12.2% Historical Revenue Growth Historical Adj. EBITDA Growth Midpoint guidance Midpoint guidance Focus for 2025 has been and remains margin improvement and EBITDA expansion 8
Slide 9: Strategic Plan: Vision 2030
Strategic Plan: Vision 2030 Services Markets Operations Transform Diversify into Build on operational services into new industries, efficiencies to deliver integrated while protecting industry-leading solutions our core business performance 9
Slide 10: Q3 2025 Earnings Report
Q3 2025 Earnings Report November 5, 2025