Infrastructure Sales Growth
Infrastructure sales grew 5% over last year, driven by a 33.7% increase in Precast Concrete sales.
Rail Backlog Increase
Rail backlog increased by 46.9% during the quarter, indicating improved project funding and bidding levels.
Order and Backlog Growth
Order rates increased 39.1% sequentially and 12.6% over last year, translating into a backlog increase of $51.3 million during the quarter.
Share Buyback Program
A new three-year, $40 million stock buyback program was authorized, with approximately 1.5% of shares repurchased in the first quarter.
Improved Infrastructure Orders
Infrastructure orders were up 35.3% over the prior year quarter, with a $12 million backlog increase in Protective Coatings.