“Sales of products into the global flow instrumentation end markets were $25.9 million compared to the prior year’s $26.1 million, a decrease of 1.0%, as a result of steady order demand within the water-focused end markets, offset by decreases in de-emphasized industrial markets.”
“Demand for industrial construction services in this region continues to be driven by increased manufacturing investment, infrastructure upgrades, data center development, biotechnology and life sciences projects, energy storage deployment, and clean water and environmental initiatives.”
“Project backlog amounts may be uncertain indicators of future revenues as project realization may be subject to unexpected adjustments, delays and cancellations.”