Strong Year-Over-Year Revenue Growth
Revenue in Q2 increased by over 19% from last year, with a 10% increase excluding the recently acquired Elgen. Adjusted EBITDA grew by 8% year-over-year.
Successful Strategic Acquisitions
Announced acquisition of LSI for $205 million, expected to enhance position in engineered building systems and be accretive to adjusted EBITDA margins, adjusted EPS, and free cash flows.
Innovation and Expansion
New product launches in data center cooling solutions and refurbishment of large-format propane tanks; additional placement in major retailers like Costco.
Strong Cash Flow and Balance Sheet
Operating cash flow for the quarter was $52 million, free cash flow was $39 million, and the company maintained a low leverage ratio of 0.4x net debt to trailing adjusted EBITDA.
Recognition and Awards
Named as one of the Best Places to Work in IT for 2026 by Computerworld and one of America's Most Responsible Companies by Newsweek.