Strengthened Financial Foundation
Retired $650 million of senior notes due in 2026 and replaced them with new notes maturing in 2031, enhancing flexibility and extending debt timeline. Expanded revolving credit facility to support growth.
New and Renewed Contracts
Secured 7 new national contracts and renewed 5 existing ones, representing about 3.5 million gallons, showcasing the company's ability to win and retain large nationwide customers.
Operational and Safety Improvements
Invested in in-cab safety technology and transitioned to a new PERC Education Program, leading to improved safety and a reduction in recordable injuries.
Community Engagement
Expanded partnerships with Operation Warm and Operation Barbecue Relief, providing coats to children and meals to first responders, and celebrated employee achievements with awards and recognition.
Margin Improvement
Margin per gallon increased by 6% in the first fiscal quarter, partially offsetting a revenue decrease.