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."
Urban Traffic Control

For more information on companies in this article

Related Content

  • Moody’s more bullish on prospects for US toll roads
    December 6, 2013
    Moody’s Investor Services have up-rated the outlook for US toll roads from negative to stable. They think traffic should grow 1.5 per cent on a median basis in 2014, which they describe as a “sustainable comeback” from the three per cent decline since 2009. They think toll revenues should grow to a “mid-single digit percentage range” in 2013 and 2014 which we guess means 4 per cent to 6 per cent. They note such an increase in toll revenues is a slowdown from 2012 when big toll rate increases boosted r
    Read More
  • IRD wins major New York traffic monitoring system contracts
    January 27, 2012
    The New York State Department of Transportation (NYSDOT) has awarded International Road Dynamics (IRD) two traffic monitoring system contracts. The initial two-year contracts, under which IRD will install, upgrade, repair, operate, and maintain the NYSDOT data collection sites, are valued at US$2.46 million, with three optional one year extensions for a potential total duration of five years with a total value of US$6.15 million. There are four types of traffic data collection sites within the contract, inc
    Read More
  • Indiana DOT awards IRD further WIM orders
    July 24, 2015
    The Indiana DoT has awarded International Road Dynamics (IRD) an additional quantity purchase agreement valued at approximately US$9.9 million. Under the agreement, IRD will be issued task orders to provide weigh-in-motion (WIM) and virtual weigh-in-motion (VWS) systems including site and sensor installation, maintenance and repair for high accuracy traffic and weight data for planning, roadway design, and weight compliance purposes.
    Read More
  • Transport management systems market ‘offers opportunities for emerging players’
    May 23, 2017
    Dominance in the global transportation management systems (TMS) market lies with a few companies, despite which the market exhibits considerable opportunities for emerging players, according to a new report by Transparency Market Research (TMR). Currently, companies such as SAP SE, Oracle Corporation, Descartes Systems Group, JDA Software Group, and Manhattan Association hold dominance in the global transportation management system market, says the study. The report also identifies companies such as BluJa
    Read More

Highlighted Content