Revenue Growth and EBITDA Improvement
Q1 revenues were up 6% year-over-year with an EBITDA of $3.3 million, significantly over last year's depressed levels.
Strong Performance in Brazil
The Brazil segment experienced net sales growth of 15% year-over-year, driven by market share gains and pricing power.
Positive Reception of New Products
The launch of REPREVE Takeback white Filament Yarn and ThermaLoop has been positively received, generating significant media coverage and customer interest.
Cost Reduction Efforts in North America
Continued cost reduction efforts in North America are expected to improve profitability in the second half of the fiscal year.
Beyond Apparel Segment Opportunities
Growth in Beyond Apparel, particularly in military and carpet segments, with margins 30% better than traditional products.