Record Adjusted EBITDA Margins
Adjusted EBITDA margins reached a record level of 44.4%, demonstrating strong profitability despite challenging market conditions.
Strong Free Cash Flow and ROIC
Adjusted free cash flow per share increased by 13% to $3.12, with ROIC remaining stable, supporting economic value creation.
Successful Cost Reduction
Reduced variable costs by over $20 million in the quarter, adding to $40 million of annualized indirect cost takeout executed earlier.
Expansion in New Product Lines
New product lines like cold storage and clearspan structures saw their run rates double in 2024, with expectations to double again in 2025.
Increased Share Repurchase Authorization
The Board of Directors increased share repurchase authorization to $1 billion, highlighting confidence in future performance.