Industrials

Pulp mills underwent 44 days of planned annual maintenance downtime during the quarter, which the company estimated reduced Operating EBITDA by about $34.1 million. Costs and expenses also included a $13.0 million benefit from government grants at the Peace River mill, along with an …

Revenue in the third quarter of $5.6 million followed the $6.0 million the company reported in the second quarter, so sales were slightly lower on a sequential basis. Year over year, however, revenue grew 18 percent.

Pangaea earned time charter equivalent rates of $20,414 per day during the quarter. TCE is the standard measure for comparing vesselEarningsacross ship types and charter arrangements, because it nets out fuel and port costs that the charterer typically bears. The company said its rates …

Gross margin widened by 580 basis points year over year, a change that shows gross profit growing much faster than sales. Because net sales were nearly flat, the improvement reflects a better profit per dollar ofRevenuerather than a higher revenue base.

Revenue was nearly unchanged from both the prior-year and prior quarters, which indicates a stableDemandbase for the company's waste and recycling services. The small change in each direction suggests thatVolumeand pricing have been steady over the period rather than shifting sharply.

Battery and Energy Products, the larger segment, grew sales 12.9 percent to $45.1 million. Communications Systems sales declined 7.1 percent to $3.2 million. Because the battery segment accounts for most of total sales, its growth drove the overall increase, while the smaller communicationsBusinessmoved in …

Net revenue of $112.2 million rose 18.1 percent, and adjusted EBITDAMarginexpanded to 25.2 percent, according to the chief executive. The company closed its Mantis Innovation acquisition during the quarter, which it described as the largest in its history. The deal expands the company's energy …