Revenue and Profit Margin Growth
Revenue grew nearly 10% in the quarter, while gross profit margin expanded 370 basis points and EBITDA margin expanded 310 basis points to 10.2%.
Cost Reduction and Cash Generation
Implemented restructuring actions expected to save $1 million annually, solid cash generation of $11 million, and a strong cash balance of $90 million.
Automation and Operational Modernization
Started modernizing operations with automation in Mexico, enhancing efficiency and reducing costs.
Amended Credit Facility
Entered into an amended and restated $40 million revolving credit facility, extending the maturity until October 2028.
Continued Progress in Business Transformation
Net income and adjusted EBITDA were up significantly year-over-year, reflecting successful transformation efforts.