Strong Performance in Construction Equipment Segment
Driven by robust demand for heavy earthmoving machines, particularly in federal and state DOT infrastructure projects. New and used equipment sales increased by $21.5 million.
Master Distribution Segment Revenue Growth
Revenues increased 25% to $20.9 million, driven by stronger dealer engagement and channel expansion.
SG&A Expense Reduction
SG&A expenses down over $20 million year-to-date, contributing to efficiency gains.
Share Buyback Program
Repurchased nearly 1.2 million shares at an average price of $5.64 per share, with $17.7 million remaining in the buyback program.
Introduction of New Guidance Measure
Introduced free cash flow before rent-to-sell decisioning, with expectations between $105 million and $115 million for fiscal year 2025.