Crawford United Corporation Reports 24.5% Sales Growth to $46.9 Million in Latest Quarter

Crawford United Corporation reported significant financial growth in its latest quarterly filing, with total sales reaching $46.9 million for the three months ended June 30, 2025, a 24.5% increase from $37.6 million in the same period last year. The company's gross profit also rose to $14.5 million, up from $10.4 million, reflecting a gross margin improvement from 27.7% to 31.0%. Net income for the quarter was $5.1 million, or $1.44 per diluted share, compared to $3.3 million, or $0.92 per diluted share, in the prior year. For the six-month period, total sales increased to $90.2 million, an 18.5% rise from $76.1 million, with net income of $8.3 million, or $2.32 per diluted share, compared to $6.3 million, or $1.77 per diluted share, in the same period of 2024.

The growth in revenue was primarily driven by the acquisitions of Rahn Industries and Advanced Industrial Coatings, which contributed approximately $6.9 million and $1.1 million, respectively, to the sales increase. The Commercial Air Handling Equipment segment saw a notable sales increase of 34.6% to $22.1 million, largely due to the Rahn acquisition. The Industrial and Transportation Products segment also experienced a 16.7% increase in sales to $24.7 million, supported by higher order volumes and price increases.

Operationally, Crawford United's selling, general, and administrative expenses rose to $7.2 million from $5.3 million, attributed to the costs associated with the recent acquisitions and investments in talent to support growth. The company reported a total employee headcount of 1,200 as of June 30, 2025, reflecting its expansion efforts. Additionally, the company’s total debt increased to $14.8 million, primarily due to financing the Rahn acquisition, while cash and cash equivalents at the end of the period stood at $2.9 million.

Looking ahead, Crawford United expressed optimism about its growth trajectory, bolstered by its recent acquisitions and strategic investments. The company plans to continue leveraging its expanded capabilities in the Commercial Air Handling Equipment segment, which operates at higher margins. However, management acknowledged potential risks, including supply chain disruptions and inflationary pressures, which could impact future performance. The company remains committed to optimizing cash flow and maintaining sufficient liquidity to support its operational and growth initiatives.