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."
UTC

Related Content

  • April 17, 2012
    ITS industry in the US has grown to $48 billion and will expand
    ITS America has released what it says is the most comprehensive study to date on the scope of the ITS industry in the United States and North America. Researchers found intelligent transportation to be a fast growing sector valued at approximately US$48 billion. Results indicate that cities and states with drastically reduced budgets are turning to technology solutions to maximize existing highway capacity.
    Read More
  • May 3, 2016
    Growth in traffic volumes to drive European toll roads and airports in 2016, says report
    In the wake of low inflation and competitive pressure constraining tariffs, Moody's Investors Service expects that European toll roads and airports will benefit from healthy growth in traffic volumes in 2016, albeit lower than in 2015. Traffic volume growth remains critical to the credit quality and financial performance of toll road operators and airports.
    Read More
  • August 15, 2013
    Positive outlook for Q-Free
    Q-Free reported revenue of US$25 million for the second quarter 2013, an increase of 29 per cent from the same quarter last year. Operating profit (EBIT) improved to a positive US$51,000 from an operating loss of US$3.8 million in the same period last year. Loss before tax was reduced to US$391,000 from a loss of US$3.9 in the second quarter 2012. The improved earnings mainly reflect changes in the revenue composition, with higher product and service and maintenance revenue.
    Read More
  • April 21, 2016
    Fitch: Solid growth to continue for US transportation
    US financial research organisation Fitch Ratings has released its spring US Transportation Trends report which indicates that growth will remain healthy for all three US major transportation sectors (airports, ports and toll roads) this year. Commenting on toll roads, Fitch notes that low fuel prices have boosted growth in traffic (6.6 per cent) and revenue (8.3 per cent) since the second half of 2015. The south-east and south-west US have and will continue to lead in traffic performance. The higher rate
    Read More

Highlighted Content