Metal Fence Business Stability
Despite challenges, the metal fence segment maintained its sales levels compared to the previous year, highlighting its resilience and potential for growth.
Strategic Shift to Core Operations
The company has refocused on its core metal fence operations, which have been showing promising growth and are seen as a key area for future expansion.
Operational Cost Reductions
Operating expenses were reduced from $10.7 million to $10 million, with plans to further cut costs by an additional $1 million to $3 million annually.
Greenwood Industrial Wood Growth
The Greenwood segment saw a 2% sales increase over the previous year, showcasing its potential for further growth in both transit and new industrial markets.