Revenue and EBITDA Growth
Net revenue increased by 2.9% year-over-year to $307 million. Adjusted EBITDA increased significantly by 41.5% year-over-year to $11.7 million, showcasing strong operational performance.
Digital Transformation Success
Successful deployment of a new modern ERP application across the entire network, which is expected to improve efficiency, visibility, and control.
Strategic Facility Enhancements
Completion of renovations at the Charlotte distribution center and ongoing projects in Atlanta that are expected to double capacity and enhance cross-selling opportunities.
Improved Financial Metrics
Net loss improved to $0.9 million from a loss of $3.8 million in the previous year, with adjusted net income rising to $4.3 million from $2.2 million.
Acquisition of Chicago Warehouse
The acquisition is expected to improve operational efficiency, reduce costs, and strengthen organic growth through cross-selling opportunities.