Strong Q4 Performance
Net sales for the quarter grew almost 9% year-over-year, adjusted EBITDA grew 13%, and non-GAAP net income grew 17%. Non-GAAP EPS of $1.02 grew 27.5% year-over-year.
Specialty Technology Solutions Growth
Net sales increased 9% year-over-year and 16% quarter-over-quarter, with strong growth in mobility, barcode, physical security, and managed connectivity.
Improved Gross Profit Margins
Gross profit margins increased 120 basis points year-over-year to 13.4%, with adjusted EBITDA margins increasing 45 basis points to 4.76%.
Successful Acquisitions
Resourcive and Advantix acquisitions were accretive to EPS and ROIC for both the quarter and full year. Non-GAAP net income increased by 9.6% over last year.