Record Revenue Growth
Revenue reached a record high of $112.9 million, growing 9.9% year-over-year. Excluding China, revenue grew 12.3%.
Strong U.S. and Canada Performance
U.S. revenue grew 9.4% to $64.6 million. Canada saw a remarkable growth of 25.7%.
Successful International Expansion
Acquired distributors in India and Japan at attractive multiples, enhancing growth potential and market presence.
Window Film Revenue Achievement
Window film product line revenue grew by 20.6% to $22.6 million, marking the highest quarter in company history.
OEM and Installation Revenue Growth
OEM services revenue grew 9.8%, while total installation revenue increased by 27.4%, representing 20% of total revenue.
Cash Flow and Debt Management
Generated $19.6 million in cash flow and paid down the credit facility, ending with $21 million in cash.