Revenue and Profitability Growth
Second quarter consolidated revenues were $602.2 million, an increase of 1.9% from fiscal 2024. Operating income and adjusted EBITDA increased by 11.7% and 6.3%, respectively. Net income for the quarter increased to $24.5 million from $20.5 million.
Improved Cash Flow
Operating cash flow year-to-date was up 20.2% compared to the same period a year ago, primarily due to improved profitability and lower working capital needs.
Customer Retention and New Business
Notable improvements in customer retention compared to the same quarter a year ago, and more new business was installed than a year ago by a solid margin.
Specialty Garment and First Aid Segments Growth
Revenues from the specialty garment segment increased by 2.2% due to strong European nuclear operations. The first aid segment's revenues increased by 10.6%, driven by strong growth in van operations.
Strategic Investments and Expansion
Expansion of the distribution center in Owensboro, Kentucky, to improve speed and efficiency for direct sales of uniforms. Continued investments in growth and operational execution.