Strong Revenue and Margin Growth
Q4 revenue increased by 14% year-over-year, with gross margin improving from 24.8% to 29.3%. Adjusted EBITDA margin rose to 26.8% from 19.8%.
Strategic Acquisitions and Partnerships
Acquisition of Elgen Manufacturing, adding $115 million in revenue and $13 million in adjusted EBITDA. New partnership with CVS to distribute Balloon Time products nationwide.
Recognition and Awards
Named Top Workplace in central Ohio for the 13th consecutive year. HALO Griddles received accolades from Men's Journal and CNET, and PowerCore cylinder contributed to 3M's award-winning innovation.
Financial Health and Shareholder Returns
Reported strong free cash flow of $159 million for the fiscal year, a 103% conversion rate. Increased quarterly dividend by 12% and repurchased 200,000 shares.