Envela posted Q2 diluted EPS of $0.16, up 45.5%, as operating income climbed 56.7% to $5.1 million.
Revenue rose to $56.8 million, while gross margin expanded to 23.6% on a favorable sales mix.
GAAP net income increased to $4.2 million; non-GAAP adjusted EBITDA grew to $5.6 million.
Cash flow and first-half performance
Operating cash flow totaled $5.9 million, ending June with $33.8 million in net cash, up from $8.2 million at year-end.
Management cited a “record first half” with six-month diluted EPS of $0.50, noting normalized volumes after precious metals prices corrected and one new store opening.
ELA•
