Record Profitability
The company delivered an excellent second quarter performance with record profitability. Operating income improved over 26% to $33.5 million, a quarterly record for the company.
Revenue Growth
Revenue increased 3.2% to $358.9 million compared to the previous year. U.S. revenue was up 3% and Canada revenue improved 7.4% in local currency.
Gross Margin Improvement
Gross margin was a record 37.1% for the second quarter, an increase of 190 basis points over the second quarter of 2024, and 220 basis points over the first quarter of 2025.
Strong Cash Flow
The company reported strong cash flow generation in the quarter with operating cash flow from continuing operations at $31.8 million.
Liquidity and No Debt
The company maintains a strong and liquid balance sheet with no debt and approximately $120 million of excess availability under the credit facility.