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

  • Dana increases equity stake in China- and India-based operations
    April 17, 2012
    Dana Holding Corporation has completed two transactions that will enhance its position for further growth in the emerging markets of China and India. The company has increased its stake in Dongfeng Dana Axle Company, a China-based commercial-vehicle axle joint venture, to 50 per cent and has also acquired the commercial-vehicle axle business of Axles India. "We are encouraged by the continued strong performance of the truck and bus markets in China, and of our partner Dongfeng, and look forward to the stren
    Read More
  • Cold efficiency
    July 24, 2012
    Tools to support operational decisions in winter maintenance can remove subjectivity and increase efficiency; Vaisala's Danny Johns talks about latest developments Even the presence of trees at the roadside can have an effect on temperature An effective Road Weather Information System (RWIS) network can save a local road authority or jurisdiction tens of thousands of dollars or Euros'-worth of labour and consumables in a single night. Get those winter maintenance operations right over just three or four nig
    Read More
  • PTV expands board of directors
    April 8, 2015
    Transport software and consulting group, PTV, has expanded its board of directors with the appointment of Michel Zweers as chief financial officer. He will head the company with PTV’s CEO, Vincent Kobesen. Prior to joining PTV in 2011 as vice president of Finance and Internal Services, Zweers held leadership positions in finance at several organisations. As CFO, Zweers is responsible for Finance & Controlling, IT, HR, Legal & Compliance and Customer Service. "Thanks to the good results in the last two
    Read More
  • ARTBA president: what happened to the hoverboards?
    October 28, 2019
    What keeps Dave Bauer up at night? David Arminas caught up with the head of ARTBA at his Washington, DC office during daylight hours Dave Bauer doesn’t really have many sleepless nights. He might sleep, though, with one eye open, just in case. “We have become a much more divided country politically,” says Bauer, president of ARTBA – American Road and Transportation Builders Association. “Whether you are thinking about federal government, or state or local government, there’s a hostility now in our politi
    Read More

Highlighted Content