Conservative Balance SheetVery low leverage and a high equity ratio provide durable financial flexibility. This reduces refinancing and solvency risk, supports capital investment or cyclical downturns, and enables the company to pursue strategic projects or absorb shocks without large incremental debt.
Revenue And Margin ImprovementSustained revenue growth coupled with expanding gross and net margins implies stronger pricing, favorable product mix or operational leverage. These trends support durable earnings power, better internal funding for capex, and improved ability to invest in higher‑margin specialty lines.
Improved Cash GenerationA meaningful shift to positive free cash flow and cash conversion above 1x signals better earnings quality and liquidity. Durable cash generation enhances capacity to self-fund maintenance and growth capex, reduce leverage further, or return capital to shareholders over time.