Record Revenue Growth
Revenue grew 13.5% to $124.7 million, exceeding expectations. The U.S. region grew 8.4% to $70.4 million, marking a record for the quarter.
Strong Performance in Key Regions
Canada region revenue grew 7.4%, and China revenue came in at $7.7 million. Strong performance was also noted in Europe, India, and the Middle East.
Gross Margin Stability
Gross margin for the quarter was 42.9%, up 6 basis points sequentially.
Cash Flow and M&A Readiness
Generated just under $28 million in operating cash flow and ended the quarter with approximately $50 million net cash on the balance sheet, positioning well for M&A opportunities.
Growth in Window Film Product Line
Total window film product line grew 27%, driven by automotive window tint which grew 22.5%.