Consolidated Revenue Growth
Achieved a 7% increase in consolidated revenue versus the prior year, with notable growth in key industry verticals such as energy, aerospace & defense, industrials, and infrastructure.
Record Quarterly Adjusted EBITDA
Reported record quarterly adjusted EBITDA of $30.2 million, representing a 29.6% increase over the prior year period.
Gross Margin Expansion
Gross profit increased by $9.3 million or 19%, with a 300 basis point expansion in gross margin to 29.8% over the prior year quarter.
Strategic Wins and Diversification
Secured long-term construction projects with Batchelor & Kimball and Bechtel, marking progress in diversifying into new industries.
Aerospace & Defense Market Growth
Aerospace & defense market revenue increased by 10.6%, driven by volume gains and successful pricing strategies.
Operational Efficiency and Cost Control
Improved adjusted EBITDA due to proactive cost management, operational efficiency leverage, and a shift towards higher-margin business.