Acquisition And DiversificationAcquisition of Groupe LAR broadens revenue across clients, regions, and sectors while preserving balance sheet strength by acquiring assets and certifications without taking on LAR's debt, reducing client and geographic concentration risk.
Backlog And Contract VisibilityAn expanded, higher-quality order backlog with a larger share of fabrication work and multi-region contract awards provides clearer visibility into future revenue and supports steadier growth prospects.
Financial Strength And Margin RecoveryImproved project execution that drove margin recovery, together with cash levels above debt and completed share repurchases, signals financial flexibility to fund growth and withstand market pressure.