Increase in Consolidated Net Revenue
Consolidated net revenue increased 3.8% year-over-year, driven by 5.2% volume growth primarily due to e-commerce activity in North America.
Automation Revenue Growth
Automation revenue increased by 34% compared to last year, with a robust backlog leading to expectations of $40 million to $45 million in full-year automation revenue.
North America Revenue and Volume Growth
North America saw a 12.2% increase in sales and a 14.8% increase in volume over the second quarter of 2024, with enterprise accounts contributing solid growth.
Optimistic Outlook for the Second Half of the Year
Expectations for improved financial performance in the second half due to cost improvement initiatives, structural realignment, and a meaningful ramp-up in automation revenue.
Improvements in Operational Efficiency
Steps taken to realign the organization, including headcount reduction by 3% and securing more favorable warehousing arrangements, which are expected to improve margins.