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Management attributes record results to a decade-long strategy of diversifying revenue streams to mute cyclicality, reducing reliance on any single funding source or customer cohort.
Performance was driven by broad-based organic growth across vacuum trucks and specialty equipment, complemented by the successful integration of the New Way and Mega acquisitions.
The Environmental Solutions Group (ESG) benefited from proactive price-cost management and the 'Build More Parts' initiative, which focuses on vertical integration of parts production.
Strategic diversification has resulted in a durable revenue profile where publicly funded mechanisms are spread across water taxes, refuse fees, and international budgets, with U.S. water taxes representing less than 15% of total sales.
#management #performance
Management attributes record results to a decade-long strategy of diversifying revenue streams to mute cyclicality, reducing reliance on any single funding source or customer cohort.
Performance was driven by broad-based organic growth across vacuum trucks and specialty equipment, complemented by the successful integration of the New Way and Mega acquisitions.
The Environmental Solutions Group (ESG) benefited from proactive price-cost management and the 'Build More Parts' initiative, which focuses on vertical integration of parts production.
Strategic diversification has resulted in a durable revenue profile where publicly funded mechanisms are spread across water taxes, refuse fees, and international budgets, with U.S. water taxes representing less than 15% of total sales.
#management #performance
2 months ago
