Strong Third Quarter Performance
Net sales reached $735 million with 2% organic volume growth. Adjusted EBITDA was $100 million, and adjusted EPS was $1.63, achieving results toward the top end of the ranges presented earlier.
Sequential Pricing Improvement
The company experienced a second consecutive quarter of sequential pricing improvement in steel conduit products.
Volume Growth in Key Product Areas
Year-to-date volume growth was observed in metal framing, cable management, and construction services, driven by specific focus areas.
Financial Stability and Cash Flow
Generated $192 million in cash flow from operations year-to-date, with a strong balance sheet and no maturity repayments required until 2028.
Full Year Outlook Midpoint Maintained
Maintained full-year adjusted EBITDA midpoint of $400 million and increased the midpoint of adjusted EPS to $6.50, reflecting improved visibility and stronger earnings leverage.