Financial Data and Key Metrics Changes - The company reported record revenues of $93 million for the three-month period and $186 million for the six-month period, representing a 1% and 4% increase respectively compared to the same period last year [4][5] - Gross profit reached $28 million for the quarter and $56 million for the six months, with a gross margin of 30% for the six-month period [4][8] - Adjusted EBITDA for the six-month period was $12.7 million, reflecting a compounded annual growth rate of 28% since 2016 [4][10] Business Line Data and Key Metrics Changes - The modest revenue increases were attributed to irregular industrial revenue and delays in large sales order contracts, despite a recurring base of industrial business [6][7] - The company achieved record gross profits, partly due to a shift towards higher-margin parts and services [8] Market Data and Key Metrics Changes - The company has a backlog of over $100 million in equipment sales, indicating strong future revenue potential [7] - The company completed two acquisitions during the six-month period and a third acquisition shortly after, expanding its presence in the Southeast and Midwest regions of the United States [11][12] Company Strategy and Development Direction - The long-term growth strategy focuses on becoming a leader in the commercial laundry industry, with a compounded annual growth rate in revenue, net income, and adjusted EBITDA of 31%, 19%, and 28% respectively since 2016 [3][4] - The company emphasizes a "buy and build" strategy, acquiring family-owned businesses while preserving their culture and legacy [12][14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's growth prospects, citing a strong financial position and ongoing investments in technology and acquisitions [10][14] - The company aims to leverage its technology initiatives to enhance sales and operational efficiency, despite short-term financial impacts [9][10] Other Important Information - A special cash dividend of $4.6 million was declared, marking the largest dividend in the company's history [5][10] - The company has increased its net debt from $8.3 million to $24 million due to acquisitions and working capital investments [11] Q&A Session Summary - No specific questions and answers were provided in the content, thus this section is not applicable.