Strong Year-Over-Year Revenue Growth
Total revenues improved by 56% year-over-year, with rental and service revenues rising by 37%.
Record Rental Fleet Utilization
Achieved the highest rental fleet utilization on record, responding to multiple short-notice project extensions and expansions.
Robust Product Sales
Product sales activity generated $25 million in revenue, more than doubling from the third quarter of last year.
Increased Cash Flow and Share Repurchase
Strong cash generation with $25 million from operating activities and $3.4 million used to repurchase over 400,000 shares.
Upgraded Revenue and EBITDA Forecasts
Increased full-year 2025 revenue expectations to $268-$272 million and adjusted EBITDA to $71-$74 million.
Expansion and Efficiency Initiatives
Invested $12 million in fleet expansion and achieved a 5% increase in production levels through process modification.