Strong Financial Performance
Net sales for the quarter were above $147 million with adjusted EBITDA above $13 million and free cash flow of almost $9 million. Top line sales were up 36% year-over-year with 14% organic growth.
Display Solutions Segment Growth
Display Solutions segment sales doubled with organic growth of 50%. Operating income doubled compared to the previous year, driven by organic growth and the addition of EMI.
Grocery Vertical Resurgence
Sales in the Grocery vertical increased over 60% due to projects and programs being released and shipments of refrigerated display cases utilizing R448 technology.
Successful Integration of EMI
EMI, acquired early last year, continues to perform well and has become an asset to the company, with significant contributions to growth.