Strong fourth quarter 2014 for IRD

International Road (IRD) has announced strong results for the three months and year ended 30 November 2014, with net earnings up 50 per cent for the year and revenue up US$1.2 million for the year on solid growth in key geographic markets and product segments. The company also reported fourth quarter gross margin percentage increases on profit gains in Latin American markets and a stable financial position with positive working capital of US$7.7 million.
February 25, 2015 Read time: 1 min
International Road (857 IRD) has announced strong results for the three months and year ended 30 November 2014, with net earnings up 50 per cent for the year and revenue up US$1.2 million for the year on solid growth in key geographic markets and product segments.

The company also reported fourth quarter gross margin percentage increases on profit gains in Latin American markets and a stable financial position with positive working capital of US$7.7 million.

"We generated solid profit in our business and strong revenue growth in our key North American and international markets in 2014," commented Terry Bergan, President and CEO. "Looking ahead, the business fundamentals appear positive in the majority of our markets and with a rising backlog and growing pipeline of future opportunities, we look for another year of growth in 2015."
UTC

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