Financial Performance - Total net sales increased by 22% from $1082 million in Q3FY24 to $1325 million in Q3FY25[13, 21] - Display Solutions segment sales increased by 70% from $433 million in Q3FY24 to $735 million in Q3FY25, including 15% organic sales growth[26, 27] - Lighting segment sales decreased from $649 million in Q3FY24 to $590 million in Q3FY25[35] - Adjusted EBITDA increased modestly from $112 million in Q3FY24 to $113 million in Q3FY25[14, 23] - Lighting segment adjusted gross margin increased from 332% in Q3FY24 to 346% in Q3FY25[34, 37] Business Highlights - Display Solutions experienced significant growth in Refueling/C-Store (over 60%) and Grocery (over 20%) verticals[13, 26] - Lighting experienced an 18% backlog growth due to increased project order activity, with a book-to-bill ratio of 113x[16, 20] - The company acquired Canada's Best Holding to expand geographic reach and vertical market focus[18, 26] Balance Sheet and Cash Flow - Free cash flow was $47 million in Q3FY25, with a trailing twelve-month (TTM) free cash flow of $35 million[42, 44] - Net debt was $511 million in Q3FY25, with a net leverage ratio of 10x[42, 48]