Solid growth and improved profitability for IRD in 2013

International Road Dynamics (IRD) has announced solid growth for the three months and year ended 30 November 2013, with revenue up 14.7 per cent in the fourth quarter and 5.0 per cent for the year. The company says increasing service revenue contributed to improved profitability and stability of cash flows, while its China XPCT investment contributed strong earnings in the fourth quarter and the year. Revenue in the fourth quarter of fiscal 2013 rose 14.7 per cent to US$12.6 million compared to US$11.0 m
February 28, 2014 Read time: 2 mins
69 International Road Dynamics (IRD) has announced solid growth for the three months and year ended 30 November 2013, with revenue up 14.7 per cent in the fourth quarter and 5.0 per cent for the year.

The company says increasing service revenue contributed to improved profitability and stability of cash flows, while its China XPCT investment contributed strong earnings in the fourth quarter and the year. Revenue in the fourth quarter of fiscal 2013 rose 14.7 per cent to US$12.6 million compared to US$11.0 million for the same period last year. For the year ended 30 November 30 revenue was US$43.6 million compared to US$41.6 million in 2012.
 
"After a slow start to the year, business in the majority of our geographic markets recovered strongly, resulting in three consecutive quarters of solid revenue growth in 2013, improved profit margins, and increased net earnings," commented Terry Bergan, president and CEO. "Our North and Latin American operations led our growth with 11.3% and 31.8% increases in revenue, respectively. We are also pleased to see a very solid and increased contribution from our 50 per cent equity interest in our Chinese operation XPCT for the year."

Bergan continued: "Looking ahead, we believe our growth and improved profitability will continue, driven by strengthening demand for our product offerings in the majority of our markets, and we look for another year of solid performance in 2014."
Detection, Monitoring & Machine Vision Classification & Data Collection Urban Traffic Control

Related Content

  • August 21, 2014
    Robust growth for Sensys
    Orders from the Swedish Transport Administration (STA -Trafikverket) have contributed to Sensys Traffic’s net sales in the second quarter of 2014, which rose by 127 per cent. This robust growth was primarily fuelled by speed measurement system deliveries to the Swedish automatic safety control (ATC) stations. The orders, for monitoring systems, roadside cabinets and spare parts for speed enforcement enabled the company to deliver an operating profit of US$970,000. The company’s gross margin for the quart
    Read More
  • November 29, 2013
    California opts for IRD WIM
    International Road Dynamics (IRD) announced today that it has received a US$1.6 million contract to provide a weigh-in-Motion (WIM) sorter system for a new commercial vehicle enforcement facility (CVEF) near Mountain Pass, California. This system will be used by enforcement personnel to select and direct commercial vehicles into the CVEF. IRD will supply an integrated system including its industry-leading single load cell (SLC) WIM scales and advanced iSINC controller electronics. A total of sixteen SLC
    Read More
  • April 4, 2014
    IRD wins major ITS and toll systems contract in Mexico
    PAT Traffic Mexico (PAT), a wholly-owned subsidiary of International Road Dynamics (IRD) has been awarded a US$3.8 million contract by the Grupo Concesionaria and Mexico Constructora Industrial (MCC) for the design and installation of an intelligent transportation system (ITS) and toll system on portions of the Salamanca-Leon highway in Mexico. Under this contract, PAT will provide traffic monitoring cameras, emergency call boxes, speed control systems, variable message signs, a manual and electronic to
    Read More
  • August 24, 2015
    London is Europe’s most congested city, says Inrix
    The Inrix National Traffic Scorecard Annual Report 2014, which analyses and compares the status of traffic congestion in countries and major metropolitan areas worldwide, reveals that congestion levels rose in over half (53%) of European cities. As economies start to recover from the recession of 2007-2013 and employment levels begin to rise, congestion is increasing. Congestion in European cities decreased in the first and second quarters of 2014 when compared with the previous year, by four per cent pe
    Read More

Highlighted Content