PCMS Offering Revenue Growth
The PCMS offering within the data solutions group achieved a 6% revenue growth compared to the prior year period, demonstrating strong performance in data analytics.
Improved Free Cash Flow
Free cash flow improved by over $5 million in the first quarter of 2025 compared to the prior year, indicating better cash management.
International Segment Growth
The international segment achieved nearly 4% organic growth in local currency, despite adverse FX translation, showcasing resilience outside the U.S. market.
Interest Expense Reduction
Interest expense decreased by $1.1 million or 25% from the prior year due to lower average debt balance and interest rates.
Focus on Cost Management
The company successfully calibrated costs and reduced SG&A expenses by $0.6 million or 1.7% from the prior year, maintaining a disciplined approach to cost management.
Anticipated Growth in Turnaround Revenue
The company expects to recover a gap in turnaround revenue and exceed 2024 levels by approximately $6.5 million in the oil and gas sector by the end of 2025.