Record Order Book and Revenue Growth
Order book hit a record high, up 24%, providing confidence in future growth. Revenue increased by 17% compared to the previous year.
Operating Profit and EPS Increase
Operating profit rose by 48% and EPS increased by 76%, demonstrating strong financial performance.
Strategic Operational Improvements
Successfully moved production out of the Californian helmet facility ahead of schedule, with new factories ramping up in Salem and Cleveland.
Respiratory Business Success
The respiratory segment performed extremely well, benefiting from increased defense spending and a strong competitive position.
Team Wendy Growth
Team Wendy reported a 20% revenue increase and significant backlog growth, with improvements in operating margins.
Continued Investment in R&D and Capability Building
Increased spending on R&D and developing new products, with a focus on building organizational capability.
Positive Impact of Continuous Improvement Initiatives
Operational metrics are improving due to the implementation of the strengthen system, focusing on safety, quality, delivery, inventory turns, and productivity.