Revenue Growth
Q1 revenue increased by 14% year-over-year, totaling $336.2 million, primarily due to strong demand in the U.S. and successful transition of production lines.
Positive Cash Flow
Operating activities provided a positive cash flow of $4.6 million, ending the quarter with $172 million in cash.
Production Resumption and Expansion
Production restarted at a previously idled facility in Juarez, Mexico, with several facilities in Mexico moving to 24/7 operations.
Sustainability Achievements
Achieved a 17% reduction in Scope 1 and 2 CO2 emissions and committed to powering all Mexico sites with 100% renewable energy by the end of 2025.
Field Service Growth
Fuel service inspection and repair services sales increased by 38.4% to $7.1 million, driven by more technicians deployed to revenue-generating projects.