Slight Increase in Net Sales
Third quarter net sales were $205.4 million, slightly higher year-over-year despite soft demand in certain segments.
Significant Improvement in Free Cash Flow
Free cash flow doubled compared with last year, reflecting strong cash flow management.
Adjusted EPS Growth
Adjusted EPS was $0.26, up year-over-year, indicating improved profitability.
Progress in Focused Transformation Program
Significant progress in the transformation program, including the decision to sell the MTS business and identification of $19 million in cost savings.
Material Handling Growth
Material Handling net sales were up 1.9%, with strong sales of military products and composite matting.
Reduction in Debt
Total debt was reduced by $10 million, with the net leverage ratio decreasing to 2.6x.