Consolidated Sales Increase
Consolidated sales rose by 1.8% to $568.8 million, with the recent acquisition of Woolf Distributing contributing $31.4 million.
Gross Margin Improvement
Achieved a strong gross margin of 21.3%, driven by strategic initiatives and acquisition of higher-margin businesses.
Strong Cash Conversion
Approximately 80% of adjusted EBITDA converted to operating cash flow, helping maintain a leverage ratio of 2.5x.
Dividend Increase
Increased quarterly dividend to $0.15 per share, effective January 31, 2025.
Woolf Acquisition Success
Woolf acquisition contributes to achieving Destination 2028 goals, adding $164 million in annual run rate sales.