Record Revenue Growth
Achieved record top line revenue of $209.4 million, representing a 7% increase year-over-year, driven by a 10% increase in the United States.
Improved Adjusted EBITDA Margin
Adjusted EBITDA margin improved to 27.8%, up from 26.9% in 2023, reflecting solid flow-through and efficiency in G&A support functions.
Strong U.S. Operations Performance
The U.S. operations reported a 10% revenue growth, with strong performance in the Eastern and Southern regions.
Successful Cost Management
General and administrative expenses were reduced to 4.7% of revenue, down from 5.2% the previous year.
Growth in Key Projects
Success in various projects including data center construction, microchip manufacturing, energy, and infrastructure maintenance.