Resilience in Residential and Infrastructure Markets
Despite market pressures, the residential end market remained largely resilient, constituting 32% of total revenue. Infrastructure projects in the US and UK are expected to remain robust due to allocated funding and growth in projects like HS2.
Revenue Growth in US Concrete Waste Management Segment
The US Concrete Waste Management Services segment saw a revenue increase of 4% to $19.3 million, driven by robust volume growth and pricing improvements.
Strong Liquidity and Share Buyback Plan
The company maintained a strong liquidity position with $358 million of availability and repurchased approximately 593,000 shares for $3.8 million, showing confidence in its long-term strategic growth plan.