Net sales increased 3.4% to $682.4 million in 2025 from $659.7 million in 2024. Net income rose 32.2% to $53.0 million ($2.02 per share) in 2025 from $40.1 million ($1.53 per share) in 2024. Incoming orders for 2025 were $728.4 million, a 10.5% increase compared to 2024. The backlog of orders grew 18.5% to $244.0 million at December 31, 2025, from $206.0 million at December 31, 2024. Operating income increased 4.3% to $95.4 million, with the operating margin improving to 14.0% from 13.9%. Interest expense decreased by 30.4% to $23.4 million due to debt refinancing transactions and a decrease in outstanding debt. The company completed a facility optimization at National Pump Company, reducing operating facilities from six to three, incurring $3.0 million in one-time costs but expecting $2.0 million to $2.5 million in annualized savings. Paid its 304th consecutive quarterly dividend and achieved its 53rd consecutive year of increased dividends. The effective tax rate increased to 23.3% in 2025 from 20.6% in 2024 due to changes in U.S. tax regulations.