Revenue Growth
Third quarter revenue grew 16% to $189.9 million, with recurring revenue increasing by 18% and the fulfillment business growing 20% year-over-year.
Customer Growth
Net increase of 450 customers in the third quarter, driven by strong retail relationship management programs.
Adjusted EBITDA Growth
Adjusted EBITDA increased 25% to $60.5 million compared to $48.4 million in Q3 of last year.
Share Repurchase Program
Repurchased $30 million of SPS shares and the Board of Directors authorized a new program to repurchase up to $100 million of common stock.
Leadership Transition
Eduardo Rosini appointed as Chief Commercial Officer starting December 1, bringing over 30 years of experience.