Revenue during the quarter grew 27.39 percent to $230.76 million from $181.14 million in the previous year period. Gross margin for the quarter expanded 246 basis points over the previous year period to 28.46 percent. Total expenses were 93.42 percent of quarterly revenues, up from 91.18 percent for the same period last year. That has resulted in a contraction of 224 basis points in operating margin to 6.58 percent.

Operating income for the quarter was $15.18 million, compared with $15.97 million in the previous year period.

However, the adjusted EBITDA for the quarter stood at $33.38 million compared with $26.97 million in the prior year period. At the same time, adjusted EBITDA margin contracted 42 basis points in the quarter to 14.46 percent from 14.89 percent in the last year period.

"Through several recent successful acquisitions, Handy & Harman has strengthened its product portfolios, diversified its customer base and enhanced its brand," said Bill Fejes, president and chief executive officer of Handy & Harman Group Ltd. "The EME acquisition, in particular, augments our Electrical Products segment, while providing a solid platform for future growth. We are continuing to focus on both organic and strategic growth opportunities, as well as on operational initiatives that will further strengthen our business, to drive long term value for our customers and stockholders."

For financial year 2016, Handy & Harman Ltd. expects revenue to be in the range of $798 million to $843 million.