Increased Revenue and Profit
Consolidated revenue reached $105.4 million, a 10% increase from the comparative quarter. Profit for the second quarter increased by 23% to $9.2 million, improving basic EPS by 25% to $0.15 per share.
Modular Space Solutions Segment Growth
Rental revenue in this segment set another quarterly record, reaching $26.4 million, up 19% from the comparative quarter. Contracted future rental revenue increased by 12% from the comparative quarter.
Successful Financing and Financial Flexibility
Closed a bought deal financing raising net proceeds of $40.7 million. Debt reduced to just under $200 million, providing over $230 million of available liquidity.
LodgeLink Platform Growth
Room night bookings reached over 135,000, driving gross bookings to $25.7 million, up 5% from the comparative quarter. Net revenue reached $3.3 million, up 14%.