Record Revenue and Profitability Growth
Revenue increased by 35% compared to last year, and net income increased by 33%. EBITDA results showed a 70% increase.
Positive Cash Flow and Backlog Growth
A $6.5 million positive swing in cash flow from operations was reported, and the backlog is continuing to grow, indicating more orders and secured business for the future.
Strategic Investments and Operational Efficiency
The company invested in strategic contracts, new product lines, and improved operational efficiencies, leading to better margins and growth potential.
Strong Industry Demand and Position
High demand in both OEM and MRO markets, with the company positioned to benefit from increased demand and a larger opportunity funnel.
Consistent Growth in Strategic Segments
Heat Exchange activity increased by 33% and APU activity by 27%, showcasing strong growth in key segments.