Exceptional Commercial Segment Growth
First quarter revenue for the Commercial segment increased by 53% year-over-year to $192 million, driven by large-scale turnkey projects in Brazil and EMEA.
Near Record Order Book
Consolidated order book stands at $725 million, up 5% year-over-year, with the Commercial segment order book up 26% year-over-year.
Strong Performance in International Markets
Commercial revenue from Brazil and EMEA increased significantly, with Brazil's order book up over 200%, demonstrating solid momentum.
Positive Cash Flow Generation
Despite temporary working capital needs, free cash flow was approximately $41 million, indicating good financial management amidst challenges.