Financial Overview

2023 Q3 Highlights Market demand soft as customers remain cautious and work down inventory levels Challenging comparisons with prior year also affected Q3 growth; strong cash flow improvement year-to-date • • • Net Sales decreased 15% to $105.9 million Net Income decreased 68% to $3.9 million; Net Income margin decreased from 9.6% to 3.6% Adjusted EBITDA¹ decreased 25% to $21.2 million; Adjusted EBITDA margin¹ decreased from 22.7% to 20.1% First Nine Months: Net Sales (2%), Net Income (12%), Adjusted EBITDA¹ (1%) YTD Cash Provided by Operating Activities of $22.3 million compared to $11.7 million in the prior year period; Free Cash Flow¹ generation $16.2 million compared to a usage of $2.7 million in the prior year period 1) Adjusted EBITDA, Adjusted EBITDA margin and Free Cash Flow are not measurements of financial performance prepared in accordance with GAAP. See "Reconciliations of Non-GAAP Financial Measures" at the end of this document for more information and reconciliations to the most directly comparable GAAP financial measures. cpi 7

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