Cematrix (TSE:CEMX) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
CEMATRIX Corporation reported a solid second quarter for 2024 with a revenue increase of 3% from the previous year and an 11% rise on a year-to-date basis, alongside a significant $1.6 million growth in adjusted EBITDA. The company credits its success to higher sales, improved margins, and robust field execution. Optimism remains high for the remainder of the year as the company continues to secure new contracts and has strengthened its balance sheet through recent financial initiatives.
For further insights into TSE:CEMX stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
- “The No. 1 Destination for the Most Talented Artists”: Netflix Stock (NASDAQ:NFLX) Notches Up as the Duffer Brothers Consider Jumping Ship
- “Breakthrough EVs”: Ford Stock (NYSE:F) Notches Up on New Battery Details
- “An Equity Stake”: Intel Stock (NASDAQ:INTC) Surges as U.S. Government May Buy In With CHIPS Act Money