1. Revenue Growth: Q3 revenue reached $290.3 million, reflecting a 2.7% increase YoY and a 2.3% increase when excluding foreign exchange impacts.
2. Profitability: Gross profit margin remained strong at 55.4%, with operating income increasing by 5.91% YoY to $91.96 million, equating to an operating margin of 31.68%.
3. Net Income: Net income was $61.03 million, marking a 15.05% increase YoY, aligning with management's improved operational efficiency strategies.
4. Cash Flow: Generated $65.09 million in operating cash flow, with free cash flow totaling $63.53 million, underscoring strong capital generation capabilities.
5. Balance Sheet Health: Total assets stood at $3.33 billion with total liabilities at $1.54 billion, yielding a debt-to-equity ratio of 0.57, indicating prudent leverage levels.
6. Earnings Per Share: Diluted EPS increased to $1.22, up 14.95% from a year earlier, reflecting improved shareholder value initiatives.