Sales Growth in Infrastructure Segment
The Infrastructure segment posted a 4.4% sales growth, with steel products up 12.7%.
Strong Cash Generation
Cash provided by operations totaled $29.2 million, reducing net debt to $55.3 million, with gross leverage improving from 1.9x to 1.6x.
Increased Orders and Backlog
Orders increased 19.6% year-over-year, and backlog at quarter end was $247.4 million, up 18.4% over last year.
Total Track Monitoring Sales Surge
Total track monitoring sales increased by approximately 135%.
Rail Segment Order Growth
Rail segment orders increased 63.9%, with backlog improving 58.2% year-over-year.