Improved EBITDA Margin
Adjusted EBITDA margin improved to 15% in Q1 2025, up from 14.4% a year ago.
Gross Margin Growth
Gross margin improved to 29.3%, approaching the company's goal of 30%.
Special Dividend and Regular Dividends Initiated
A special dividend of $0.20 per common share was delivered, with a commitment to regular quarterly dividends starting in Q2.
New Business Development
Strong pipeline with several new logo wins and increased wallet share with existing clients, setting the stage for revenue growth in the second half of 2025.
Strong Balance Sheet
Net debt-to-EBITDA was a little above two times, with total credit availability over $45 million and $7 million cash on hand.
Sustainability Progress
Scope 1 and Scope 2 greenhouse gas emissions down 33% since 2020, with over 2 million trees reforested since 2021.