05:25 PM EDT, 04/09/2025 (MT Newswires) -- Firan Technology Group ( FTGFF ) , after trade Wednesday, said its first-quarter adjusted profit surged year-over-year, helped by higher sales.

The company's adjusted earnings, excluding most one-time items, jumped to $3.29 million, or $0.13 per share, in the period, up from $1.05 million, or $0.04, a year prior. FactSet expected per share earnings of $0.03.

Revenue rose 23% to $42.87 million from $34.98 million in the year-ago quarter. FactSet projected sales of $39.1 million.

The company also said Bill Sezate has joined as executive vice president of FTG Circuits, and Marko Viinikka has been appointed executive vice president of FTG Aerospace, a newly created role.

Chief Executive Brad Bourne said all Q1 key metrics; bookings, sales, margins, net income, and cash flow, were positive, reflecting the success of the company's investments in technology, operational improvements, and acquisitions. "We are seeing strong end market demand, and the current situation from tariffs levied by the US does not appear to have any direct impact on us."

Firan ( FTGFF ) shares closed up $0.19 to $7.20 on the Toronto Stock Exchange.