speaker
Operator
Conference Call Operator

Hello everyone and thank you for joining today's Omni-Lite Industries investor call. As a reminder, all lines are in a muted or listen-only mode to prevent any background noise, but after today's prepared remarks, we will have a question and answer session and instructions will follow. To get us started with opening remarks and introductions, I am pleased to turn the floor over to Amy Vetrano-Palmer. Welcome.

speaker
Amy Vetrano-Palmer
Vice President, Investor Relations

Good afternoon and thank you for joining us. With me today is our Interim Chief Executive Officer, David Robbins, and Alex Ridzkov from the Board of Directors. Our call is being recorded and will be available for playback, the details of which was in our press release issued this morning. The purpose of this call is to provide an update on OmniLite's financial performance and operations for our second quarter 2026 results, which was released this morning, August 19th. After our remarks, we will open up the line for any Q&A. If you have not received or seen a copy of our press release, which we did release this morning, you can find it on our website at www.omni-lite.com or email at d.robbins at omni-lite.com. Before I get started, I would like to remind you that today's discussion will or may include forward-looking statements, including information regarding OmniLite's performance based on our views of the company's business and the environments in which we operate, our future plans, objectives, and business prospects, and anticipated financial performance. These forward-looking statements are subject to future risks and uncertainties that could cause the actual results or performance to differ materially. We are also mindful of the risks and impacts it changes the health of the general economy, including the effects of the U.S. financial market, U.S. and global commercial aerospace markets, and the U.S. Department of Defense budgets. All forward-looking statements should be considered in conjunction with the cautionary statements contained in our press release in Omni-Lite CDAR Plus filings. The company disclaims any obligation to update any forward-looking statements that are discussed during this call. I'd also like to mention that in addition to reported financial results in accordance to IFRS during our call, we may also discuss or reference non-IFRS financial measures such as adjusted EBITDA and free cash flow. Reconciliation of these metrics, if applicable, is included in our filings and press release. Lastly and less noted, any reference or discussion of our financial results and metrics are in U.S. dollars. I would like to now turn the call over to Dave. Dave.

speaker
David Robbins
Interim Chief Executive Officer

Thanks, Amy. Good afternoon, everyone, and thanks for joining us. I'd like to make a few comments about our second quarter and year-to-date 2026 performance, followed by comments on current business. Second quarter 2026 revenue was a record for OmniLite at $4.8 million. We saw strong revenue in the quarter driven by a combination of increases in forged fastener Products, and Electronic Components. Adjusted EBITDA for the second quarter of 2026 was $926,000, with a year-to-date adjusted EBITDA of $1.8 million. This EBITDA contribution reflects generally a good mix of continuous production versus low-volume production of forged components and electronic components business, as well as increased contribution from our casting components business. Bookings for the second quarter were 6.4 million, which represents a 1.34 book-to-bill ratio, and resulted in a backlog of 10.7 million as we go into third quarter. Bookings in the second quarter generally mirrored the climate over the last four quarters of strong demand for Ford fastener components, including newer rivet components, increased demand for missile defense-related electronic components, and JetEngine casting components. Our targeted new product opportunity bid visibility is in the tens of parts, which is historically healthy, and we expect to convert many in the coming quarters, which is a driver of future potential revenue 12 to 18 months out. With that, I'd like to turn the call back over to Amy. Amy?

Disclaimer

This conference call transcript was computer generated and almost certianly contains errors. This transcript is provided for information purposes only.EarningsCall, LLC makes no representation about the accuracy of the aforementioned transcript, and you are cautioned not to place undue reliance on the information provided by the transcript.

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