Record Sales Growth
Full year sales grew by 22% to $2.5 billion, with a 3% increase in volume and an 18% increase in sales price.
Increased Profitability
Annual gross profit increased by 10% to $343 million, operating income rose by 12% to $153 million, and net income increased to $15 million from $3 million in the prior year.
Strong Cash Flow and Debt Management
Generated $152 million in adjusted free cash flow and reduced long-term debt by approximately 25%, retiring $143 million in senior debt since March 2024.
Sustainability Milestones
Validated near-term emission reduction targets and achieved a 16% reduction of indirect emissions since fiscal year 2021.
Improved Credit Profile
Leverage reduced from 4.8x to 3.7x, the lowest in over 10 years, and interest coverage improved to 1.6x from 1.5x.