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

  • ARTBA proposes path to breaking gridlock on transportation funding
    March 13, 2015
    The American Road & Transportation Builders Association (ARTBA) has outlined a detailed proposal it believes could end the political impasse over how to fund future federal investments in state highway, bridge and transit capital projects. The ‘Getting beyond gridlock’ plan would marry a 15 cents-per-gallon increase in the federal gas and diesel motor fuels tax with a 100 per cent offsetting federal tax rebate for middle and lower income Americans for six years. The plan, ARTBA says, would fund a US$401 bil
    Read More
  • Cubic voices opposition to proposed cuts in pre-tax benefits for mass transit
    August 8, 2013
    Cubic Transportation Systems has voiced its opposition to the proposed cuts in pre-tax benefits for the Transit Benefit Program available to citizens who use public transportation. Within the Senate Finance Committee, Senators are considering reducing the pre-tax benefit to individuals using public transportation from its current US$245 per month to US$125 per month, close to a 50 per cent cut. Cubic believes it is in the Committee’s best interest to maintain the current transit benefit since promoting pub
    Read More
  • Connected cars market expected grow by a third globally by 2020
    November 28, 2014
    A new report by Allied Market Research, Global Connected Cars Market (Technology, Connectivity Solutions, Application, Products & Services and Geography) - Size, Share, Global Trends, Company Profiles, Demand, Insights, Analysis, Research, Report, Opportunities, Segmentation and Forecast, 2013 - 2020, indicates that the global connected cars market is forecast to reach US$141 Billion by 2020, growing at a CAGR of 32.7 per cent during the period 2014 - 2020. The integrated connectivity solutions segment
    Read More
  • Stop thinking and act on cooperative infrastructures
    February 2, 2012
    OmniAir's Tim McGuckin looks at why metropolitan transportation networks might be the key to securing the long-term funding of cooperative infrastructure
    Read More

Highlighted Content