Stran & Company Reports 29.0% Increase in Sales to $26.0 Million for the Third Quarter of 2025

Core Insights - Stran & Company, Inc. reported a significant increase in sales, achieving a 56.7% rise to $87.3 million for the nine months ended September 30, 2025, compared to the same period last year [1][2] - The company continues its share repurchase program, ending the quarter with a strong cash position of $11.8 million [1][2] - A conference call is scheduled for November 13, 2025, to discuss financial results and corporate developments [1][6] Financial Performance - For the third quarter of 2025, sales increased by 29.0% year-over-year to $26.0 million, driven by higher spending from both new and existing customers [2][3] - The Stran segment's revenue grew to $60.3 million for the nine-month period, up from $52.2 million last year, while Stran Loyalty Solutions (SLS) revenue surged to $26.9 million from $3.5 million [2][10] - Gross profit for the nine months increased by 49.3% to $25.4 million, although the gross profit margin decreased to 29.1% due to the lower margin of the acquired Gander Group business [10][2] Operating Expenses and Losses - Operating expenses rose by 30.3% to $27.3 million for the nine months ended September 30, 2025, but as a percentage of sales, they decreased to 31.3% from 37.7% [10][2] - The net loss for the nine months was reduced to $1.0 million from $3.6 million in the prior year, indicating improved financial health [10][2] - EBITDA improved by $2.8 million to $(0.4) million for the nine months ended September 30, 2025, reflecting better expense management and margin improvement [10][2] Share Repurchase and Recognition - The company repurchased approximately 267,000 shares of common stock for a total of $408,000, demonstrating confidence in its long-term outlook [2][10] - Stran was recognized by the Promotional Products Association International as one of the "Greatest Companies to Work For" in 2025, highlighting its commitment to employee engagement and company culture [2][10] Future Outlook - The company aims to continue its momentum through organic growth and acquisitions as it approaches its historically strongest quarter of the year [2][10] - Focus areas include deepening client relationships, improving operational efficiency, and maintaining financial discipline to support long-term growth [2][10]