Strong Revenue Growth
Operating revenue of $114.3 million in the third quarter was 24.9% higher than in the third quarter of 2024.
Unit Volume Increase
Units delivered during the third quarter totaled 605,341, an increase of 21% compared to the third quarter of 2024.
Improved Operating Ratio
The adjusted operating ratio for the third quarter was 96.3%, an improvement of 250 basis points from the comparable quarter in 2024, which was 98.8%.
Debt Reduction
Aggregate debt balances at the quarter end were approximately $79.2 million, down $11 million from $90.2 million at the end of the second quarter.
Free Cash Flow Generation
Free cash flow from operations was approximately $11.5 million during the quarter, allowing for meaningful reduction in debt balances.