Sales and Revenue Growth
ADENTRA generated sales of $592 million, up 4% year-over-year. Organic sales grew 1.7% due to product price appreciation.
Strong Cash Flow and Share Buybacks
Operating cash flow was $60.6 million for the quarter. ADENTRA returned $7.4 million to shareholders through dividends and buybacks, repurchasing over 740,000 shares.
Gross Margin Stability
Gross margin increased to 21.4%, reflecting effective pricing discipline and procurement execution.
Leverage and M&A Outlook
Leverage ratio was reduced to 2.7x, with expectations to decrease further, positioning ADENTRA well for potential M&A activity.
Dividend Increase
The Board approved an increase in the annual dividend to CAD 0.64 per share, demonstrating confidence in cash generation and long-term outlook.
Geographic and Product Diversification
The integration of Woolf continues to perform on plan, broadening Midwest presence and enhancing access to the Pro Dealer channel.