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

  • Electronic toll collection system market projected to grow $9.5 billion by 2020
    May 19, 2014
    According to a new market research report by MarketsandMarkets, Electronic Toll Collection System Market by Products, Technology Applications and Geography - Analysis & Forecast 2013-2020, the market for electronic toll collection (ETC) is expected to grow at a CAGR of 11.1 per cent from 2013 to 2020, and reach US$9.5 billion in 2020. The overall global electronic toll collection system market is segmented into four major areas: products, technologies, applications and geography. All the major segments a
    Read More
  • New York sees a boom in cycling
    May 10, 2016
    According to New York City Department of Transportation’s (NYC DOT) 2016 Cycling in the City brief, New York City has seen a recent dramatic increase in cycling, with the claim that the city has seen a 320 per cent increase in daily cycling between 1990 and 2014 and a 68 per cent growth in daily cycling between 2010 and 2014. The brief uses data collected by the Department of Health and Mental Hygiene (DOHMH) as part of its annual Community Health Survey, where 25 per cent of adult New Yorkers (almost 1.
    Read More
  • Smart transportation market worth US$102.31 billion by 2018
    December 12, 2012
    According to a new market research report, published by US-headquartered global market research and consulting company MarketsandMarkets, the smart transportation market expected to reach more than $102.31 billion by 2018, at a compound annual growth rate (CAGR) of 23.6 per cent. The report, Smart Transportation Market - by Solutions (Ticketing Management, Parking Management, Passenger Information, Traffic Management), Services (Traditional, Advanced, Software) Worldwide Analysis and Forecasts (2012 - 2018)
    Read More
  • ITS market size projected to reach US$66.5 billion by 2024
    October 13, 2016
    The global intelligent transportation system (ITS) market is expected to reach US$66.5 billion by 2024, according to a new report by Grand View Research. The usage of ITS to reduce road accidents and increase safety is a major driving force for the ITS market. Demand for vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) communication in order to enhance road safety is expected to gain momentum over the forecast period. The continuous progression and development have become a crucial need for b
    Read More

Highlighted Content