We expect notable profit improvement, with EPS of $0.26 in 3Q:25, up nearly 30% versus a year earlier due to favorable mix, cost-cutting actions and an anticipated solid booking profile versus the prior year. New management continues its evaluation of the portfolio review and has yet to issue guidance other than the expectation that 2025 adjusted EBITDA would approach or exceed 2024's $82.5 million threshold. At the end of 2Q:25, MG had net debt of $190.4 million, or $6.01 per share, putting its bank leverage ratio at just below 2.75x . We forecast net debt of $100.8 million $3.17 per share) by the end of 2026. We maintain our $13 price target, which is based on 16x our 2026 EPS estimate of $0.81. Our moderate risk rating recognizes the moderately leveraged balance sheet, the cyclicality of the company's core end market, and modest customer concentration, offset by diversification efforts and cost-saving initiatives.