Record Net Sales
Achieved record net sales of $46.7 million, representing a 29% year-over-year increase, driven by a 100% increase in fire services products and recent acquisitions.
Strong U.S. and European Market Growth
In the U.S., net sales increased 42% year-over-year to $22.5 million, with organic U.S. growth of 15%. In Europe, net sales increased 102% year-over-year to $12.1 million.
Successful Acquisitions
Recent acquisitions contributed significantly to revenue, with $9.9 million of the increase attributed to them and strong contributions from Veridian and LHD.
Expansion and Strategic Planning
Implemented a new company-wide SAP ERP system to enhance and consolidate operations, and continued focus on acquisitions and operational synergies.