Record First Half in 2025
The second quarter capped a record first half of 2025, with results exceeding expectations across revenue, adjusted EBITDA, and EPS.
Strong Year-Over-Year Revenue Growth
Net revenue grew 31% year-over-year with 23% organic growth and 8% acquisitive growth.
Increased Financial Targets
Full year financial targets have been raised, highlighting confidence in sustained long-term growth.
Improved Gross Margin
Gross margin improved to 39.4% from 34.6% last year, driven by favorable revenue mix and solid project execution.
Significant Net Income Growth
Net income rose to $15.4 million, up 236% from the $4.6 million reported in Q2 of 2024.
Successful Debt Reduction
Total debt reduced by $28 million during the quarter, reinforcing commitment to disciplined capital deployment.
Strong Free Cash Flow
Free cash flow for the first half of 2025 was $24 million, consistent with the previous year.