Arxis (NASDAQ:ARXS) reported a strong first quarter in its first earnings call as a public company, with management pointing to broad-based growth across defense and space, commercial aerospace and industrial technology, as well as a strengthened balance sheet following its initial public offering.
Chief Executive Officer Kevin Perhamus said first-quarter sales rose 21% year over year to $459 million, while adjusted EBITDA increased 31% to $175 million. He said revenue growth was diversified, with new business wins, underlying market volume, modest price increases and acquisitions each contributing mid-single-digit growth during the quarter.
