Balance Sheet StrengthSustained low-to-moderate leverage and expanding equity provide durable financial flexibility. This balance-sheet strength supports the company's buy-and-build strategy, funds working capital needs, and reduces refinancing risk, enabling stable operations and M&A over the next several quarters.
Cash Flow Generation & Inventory OptimizationImproved operating cash flow and meaningful inventory reductions materially free working capital and strengthen self-funding. Durable cash conversion supports dividends, targeted ~$100M annual M&A and maintenance CapEx, lowering reliance on external financing over the medium term.
Acquisition-led Growth And U.S. ExpansionA repeatable M&A cadence and expanding U.S. footprint deepen distribution, broaden SKUs, and create cross-sell opportunities. Structural scale benefits (purchasing, logistics, distribution centers) can sustain revenue growth and incrementally improve margins if integration is executed.