Foraco International Reports Q1 Revenue Growth Amid Seasonal Challenges
Foraco International reported first-quarter revenue of $66 million, up from $55 million year-over-year, driven by strong performance in North America and South America. Despite seasonal headwinds and mobilization costs affecting profitability, the company maintained EBITDA at $7.4 million while expecting margin improvements as projects exit ramp-up phases.
Topics: capital_expenditure debt_levels profitability_pressures revenue_growth