Strong Revenue Growth
Net sales for the first quarter of 2025 increased approximately 8.7% to $950.7 million from $874.5 million in the first quarter of 2024.
Specialty Sales Increase
Specialty sales were up 10.7% over the prior year, driven by unique customer growth of approximately 4.5%, placement growth of 7.7%, and specialty case growth of 5.7%.
Digital Platform Expansion
Approximately 58% of customers ordering through domestic specialty locations are now online, up from 56% at year-end 2024 and 48% at year-end 2023.
Improved Operating Income
Operating income for the first quarter of 2025 was $22.7 million compared to $16 million for the first quarter of 2024.
Positive Adjusted EBITDA Growth
Adjusted EBITDA increased to $47.5 million for the first quarter of 2025 compared to $40.2 million for the prior year first quarter.