Adjusted Earnings Per Share Improvement
The company reported a significant improvement in adjusted earnings per share for the third consecutive quarter, showing a 16.7% increase from $0.60 to $0.70.
Retail Services and Printing Sector Growth
The sector experienced revenue growth for the second consecutive quarter, with a 4.5% increase to $261.2 million, driven by strong book printing activities.
Adjusted EBITDA Growth
Consolidated adjusted EBITDA increased by $1.6 million to $122.6 million, with a $4.2 million organic profit growth across all three sectors.
Cost Management Success
Financial expenses decreased by $4.6 million due to lower debt levels and favorable FX impacts, contributing to improved profitability.
Acquisition of Middleton Group and Mirazed
The acquisition is expected to enhance in-store marketing capabilities and expand the customer base with new product segments.
Introduction of Artificial Intelligence
The company invested $2.5 million in AI to automate content production for flyers, aiming to improve efficiency and customer offering.