- Adjusted EBITDA rose 5% to $125.8 million with a flat margin of 5.9%.
- Free cash flow was $150 million, up $86 million year over year and $135 million sequentially from Q2.
- Margins pressured in BNI and M&D due to strategic pricing and escalation timing decisions, with BNI margin at 7.1% and M&D margin at 8.9%.
- Net income increased to $41.8 million or $0.67 per diluted share, compared to $4.7 million or $0.07 last year, influenced by absence of prior year adjustments.
- Revenue grew 6.2% year over year to $2.2 billion, driven by 5% organic growth and 1.2% from acquisitions.
- Segment revenues: BNI up 3% to over $1 billion, Aviation up 9% to $291.8 million, M&D up 8% to $408.9 million, Education up 3% to $235.1 million, Technical Solutions up 19% to $249.5 million.
- Share repurchases totaled 1.5 million shares year to date for $71.3 million, with a recent board authorization increase of $150 million.
- Total indebtedness stood at $1.6 billion with a debt to adjusted EBITDA ratio of 2.8x and liquidity of $691 million.
Related items and other data are not available for this feed item.
Dafinchi