Sequential Improvement in Q3 2024
Consolidated sales in Q3 2024 were 12% higher than in Q2 2024, and 10% higher than Q1 2024, while overall adjusted EBITDA in Q3 2024 was 65% higher than in Q2 2024 and 42% higher than in Q1 2024.
Improvement in Free Cash Flow
Free cash flow less maintenance CapEx increased by 163% and 106% relative to Q2 2024 and Q1 2024, though down 29% from Q3 2023.
Strong Order Activity
Order activity in Q4 2024 is up over 65% relative to Q4 2023, spread across 8 of 12 businesses.
New Product and Market Developments
Blaze King and ACR received regulatory approvals for new product design for the U.K. and Europe, and Slimline enhanced its large scale wastewater evaporator product.