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

  • Weigh in motion technology aids overweight vehicle reduction
    March 16, 2012
    Innovative use of truck weighing technology is growing as strategies aimed at reducing numbers of overweight vehicles gather momentum. Business is generally good at present in the truck weighing sector in general, and weigh-in-motion (WIM) technology in particular, according to leading suppliers of systems serving to help reduce overloading. Strategies aimed at deterring excessive truck loading – cutting damage to road networks and risks to safety – vary considerably worldwide, with some governments draggin
    Read More
  • Connected vehicles - potential to transform US transportation
    April 12, 2013
    There’s a new face in the driving seat at the US Department of Transport’s ITS Joint Program Office. Fortunately, as Robin Meczes finds out, he’s no learner driver… Ask Kenneth Leonard why he wanted his new job as director of the ITS Joint Program Office, and his answer comes back without a second’s delay. “The potential to save lives, reduce injuries and help people enjoy a more efficient transportation system is the kind of challenge that makes me want to come to work each morning,” he says. “In my opinio
    Read More
  • First Smart Mobility Challenge winners announced
    March 22, 2012
    Vice-President Siim Kallas, European Commissioner for mobility and transport, has announced the winners of the first Smart Mobility Challenge on European multi-modal journey planners, to promote the development of all-in-one journey planners, going beyond national borders and offering travel options combining different transport modes. In the category of 'operational journey planners' the two winners are Idos and Trenitalia, and in the category of 'innovative ideas' the winners are Penelope Ventures and SNC
    Read More
  • New survey shows technology revolutionising tolling
    September 14, 2016
    Advances in electronic tolling are transforming highway transportation by providing greater mobility, smoother traffic flow, and improved safety for drivers and their passengers, according to new survey data released by the International Bridge, Tunnel and Turnpike Association (IBTTA). The new survey, Toll Technology Transforms Mobility for Customers, conducted during the third quarter of 2016, collected technology-related data from 36 tolling facilities in 18 states, representing all regions of the cou
    Read More

Highlighted Content