IRD announces ‘record results’ for fiscal 2015

International Road Dynamics (IRD has announced record financial and operating results for the three and twelve months ended 30 November 2015. The company saw net earnings increased 85 per cent to US$1.8 (CA$2.5) million, with revenue up 29 per cent to US$42 (CA$58) million on growth in key geographic markets and product segments. EBITDA rose by 58 per cent on revenue growth and strong gross margin. "We generated record results in fiscal 2015, the result of strong growth in all of our major markets a
February 23, 2016 Read time: 2 mins
69 International Road Dynamics (IRD has announced record financial and operating results for the three and twelve months ended 30 November 2015.
 
The company saw net earnings increased 85 per cent to US$1.8 (CA$2.5) million, with revenue up 29 per cent to US$42 (CA$58) million on growth in key geographic markets and product segments. EBITDA rose by 58 per cent on revenue growth and strong gross margin.

"We generated record results in fiscal 2015, the result of strong growth in all of our major markets and product lines," commented Terry Bergan, IRD president and CEO. "Looking ahead, we believe our solid operating performance will continue. Our backlog of confirmed orders and identified near-term opportunities are at an all-time high, and we expect further positive fundamentals in our business as governments and the private sector around the world continue to invest in ITS solutions to enhance highway and roadway infrastructure."
Urban Traffic Control

For more information on companies in this article

Related Content

  • UK government funding package benefits plug-in vehicle drivers
    February 21, 2013
    UK drivers with plug-in vehicles are set to benefit from a US$57.3 million funding package for home and on-street charging and for new charge points for people parking plug-in vehicles at railway stations. The coalition government will provide 75 per cent of the cost of installing new charge points. This can be claimed by: people installing charge points where they live; local authorities installing rapid charge points to facilitate longer journeys, or providing on-street charging on request from residents
    Read More
  • IRD opens online store for US customers
    November 4, 2015
    International Road Dynamics (IRD) has launched a new online store, PeopleCounterStore.com, offering a selection of people counters, vehicle counters and accessories for sale to customers in the United States. The store offers a full selection of people counters including unidirectional and bidirectional pedestrian counters with or without count display. It also offers a selection of IRD's top selling counters and classifiers including Traffic Ace accumulators and Mini TRS Plus classifiers. A Mini TRS P
    Read More
  • Five million fleet management systems in Europe by 2015
    April 23, 2012
    According to a new research report from the analyst firm Berg Insight, the number of active fleet management systems deployed in commercial vehicle fleets in Europe was two million in Q4-2010. Growing at a compound annual growth rate (CAGR) of 20.7 per cent, this number is expected to reach five million by 2015.
    Read More
  • Moscow summit urges transit change
    June 11, 2019
    International ITS experts flocked to Russia for a new conference on the challenges of urban transit. Eugene Gerden reports from Moscow The Leaders in Urban Transportation Summit is a new international conference organised by the Moscow Department of Transport and Road Infrastructure Development. Dedicated to the latest developments in the field of ITS in the city of Moscow, it took place in the Moskva-Citi Business Center in April – and the intention is to make it an annual event. Senior transport o
    Read More

Highlighted Content