Solid growth for IRD

International Road Dynamics showed solid growth for the three months ended 28 February, with revenue up 3.6 per cent in key geographic markets and product segments. The company’s gross margin continues to strengthen, up 11.6 per cent from last year's first quarter, rising to 30.6 per cent of revenues from 28.4 per cent last year. It reports a stable financial position with working capital rising to US$7.7 million and forecasts continued growth through the balance of fiscal 2015. "Following solid growth
April 14, 2015 Read time: 2 mins
69 International Road Dynamics showed solid growth for the three months ended 28 February, with revenue up 3.6 per cent in key geographic markets and product segments. The company’s gross margin continues to strengthen, up 11.6 per cent from last year's first quarter, rising to 30.6 per cent of revenues from 28.4 per cent last year. It reports a stable financial position with working capital rising to US$7.7 million and forecasts continued growth through the balance of fiscal 2015.
 
"Following solid growth and improved profitability in fiscal 2014, progress continued in the first quarter of fiscal 2015 with higher revenues and a strengthening gross margin," commented Terry Bergan, president and CEO. "Looking ahead, we believe the current environment of lower oil prices could positively impact our business due to increased use of highway and transportation infrastructure, while continued investment by governments and the private sector to facilitate economic growth, improve transportation systems efficiency, reduce emissions, and increase safety and productivity should drive further gains over the long term."
Urban Traffic Control

For more information on companies in this article

Related Content

  • Growth of smart parking initiatives
    April 25, 2013
    New initiatives in smart parking have been announced in the US and Europe in recent months. Is the age of smarter parking finally with us? Jon Masters investigates. Smart parking comes to Manchester, reads the headline to a story posted on the UK city’s website towards the end of March this year. Sensors will be fixed to parking spaces to give drivers and authorities information on parking availability via mobile phone apps and other software, the story goes on to explain. Lower down the page, Manchester Ci
    Read More
  • Smart phones offer smarter way to pay for travel
    December 16, 2013
    David Crawford reviews developments in near field communications for mass transit payments. ‘A carefully-designed and well-implemented mobile near field communications (NFC) solutions can give passengers a compelling experience that will encourage them to make greater use of public transport.’ That was the confident conclusion of a recent joint White Paper drawn up by the International Association of Public Transport and the global mobile operators’ representative group GSMA.
    Read More
  • Building back better after Covid-19
    February 17, 2021
    The Canadian Urban Transit Association has looked carefully at what’s required to put public transportation on a firm footing post-Covid: here are a few of the group’s recommendations…
    Read More
  • London’s strategy to tackle air quality problems
    October 21, 2014
    Colin Sowman talks to Matthew Pencharz, the man charged with charting London’s path between catering for traveller needs, conserving ancient buildings and conforming to modern air quality standards.
    Read More

Highlighted Content