Organic Sales Growth
The company reported a 2% organic sales growth compared to the prior year quarter, driven by higher infrastructure volumes, primarily for utility poles.
EBITDA Increase
EBITDA increased to $171 million with a solid EBITDA margin of 17.8%, led by higher volumes.
Utility Poles Sales Growth
Sales for utility poles increased to $480 million in the third quarter, up from $448 million in the same period in 2024, driven by a 5% volume increase.
Brooks Acquisition
The company announced the closing of the Brooks acquisition, expanding its product offering and presence in the wood distribution crossarm and transmission framing component markets.
Strong Cash Generation
Cash generated from operating activities was $198 million compared to $186 million in Q3 last year, aided by a reduction in inventory.
New ESG Milestones
The company published its latest ESG report, highlighting progress in sustainability efforts, including limited assurance of Scope 1 and Scope 2 greenhouse gas emissions.