Increase in Metal Fence Product Sales
Sales of metal fencing products increased by 19% compared to Q1 2024, driven by the ongoing load-in of new Lifetime Steel Post in-store displayers.
Expansion in Retail Presence
Installed over 1,500 new displayers in the last six months, with plans to be in over 300 stores within the next few months, enhancing distribution in major home centers like Home Depot and Lowe's.
Launch of New Product Line
Introduced the Adjust-A-Gate Unlimited, an innovative gate kit designed for adaptability and simplicity, aiming to enhance market competitiveness.
Strategic Supply Chain Improvements
Progress in multi-sourcing production and mitigating the impact of China tariffs to ensure competitive product pricing and reduce supply chain risks.
Asset Sale Potential
Potential sale of the seed processing facility, listed for $9 million, which could significantly improve shareholder equity once sold.