Record Quarter with Revenue Growth
Top line revenue of $172.6 million grew by 7% over the prior year, driven by the focus on commercial strategy and growth in fleet.
Increase in Adjusted EBITDA and Margins
Adjusted EBITDA grew by 16% year-over-year, with margins increasing by 150 basis points to 19.6%.
Growth in Fleet
Badger's fleet grew by 9% year-over-year with 1,661 hydrovacs, and a planned growth of 4% to 7% for the year.
Strong Financial Health
Adjusted earnings per share grew 36% to $0.19 per share, and compliance leverage ended at 1.4x debt to EBITDA.
Continued Demand and Market Share
Badger continues to capture market share with increasing demand across infrastructure and construction markets.