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

  • ASECAP examines tolling during downturns
    September 22, 2014
    ASECAP debated the impact of the financial crises on Europe’s tolling companies and considered the future in diverse economies. Colin Sowman picks some of the highlights. This year ASECAP (Association Europeenne des Concessionnaires d’Autoroutes et d’Ouvrages a’ Peage, with members in 21 countries managing 46,000km of roadway) held its annual Study & Information Days in Athens, Greece – one of the country hardest hit by recent economic problems. While the theme of the conference, Ensuring Sustainability in
    Read More
  • Automotive sensors market projected to grow at almost eight per cent by 2022
    January 20, 2017
    A new report published by Allied Market Research, Automotive Sensors Market by Product and End User - Global Opportunity Analysis and Industry Forecast, 2014-2022, projects that the automotive sensors market was valued at US$22 billion in 2015 and is expected to reach US$37 billion by 2022, growing at a CAGR of 7.5 per cent from 2016 to 2022. Micro-electromechanical systems (MEMS) sensors are expected to dominate this market from 2016 to 2022. Europe will continue to lead, accounting for approximately 35
    Read More
  • Basler confirms growth strategy, increases annual forecast
    August 9, 2013
    Industrial camera manufacturer Basler has presented its figures for the first half of 2013, showing an increase in orders of 16 per cent to US$45.5 million from US$38.4 million for the same period in 2012. The group's sales of US$43 million were 28 per cent above the previous year of US$33.7 million. Earnings before tax (EBT) rose by 77 per cent to US$5.2 million over 2012’s figure of US$ 2.9 million. "The robust incoming orders, the smooth introduction into the market of important new products, and the p
    Read More
  • The bottom line - US surface transportation system needs major investment
    December 12, 2014
    The 2015 Bottom Line Report on transportation investment needs, released by the American Association of State Highway and Transportation Officials and the American Public Transportation Association, estimates that to meet current demand it will require an annual capital investment over six years by all levels of government in the amount of $120 billion in the nation’s highway and bridge network and US$43 billion in America’s public transportation infrastructure. To meet the combined surface transportation
    Read More

Highlighted Content