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Stran & Company Promotes Jack Audibert to Chief Strategy Officer and Chief Compliance Officer
Globenewswire· 2025-11-28 13:30
Core Insights - Stran & Company, Inc. has appointed Jack Audibert as Chief Strategy Officer and Chief Compliance Officer, reflecting the company's growth priorities and operational needs [1][2] - Mr. Audibert has been instrumental in the company's expansion, including the acquisition and integration of six companies, and will continue to lead corporate planning and compliance functions [2][3] Company Overview - Stran has over 30 years of experience in the promotional products industry, specializing in complex marketing programs that enhance brand awareness and drive sales [3] - The company serves many Fortune 500 clients across various industries, providing promotional marketing, loyalty and incentive programs, and utilizing advanced technology for order processing and logistics [3]
Stran & Company Reports 29.0% Increase in Sales to $26.0 Million for the Third Quarter of 2025
Globenewswire· 2025-11-12 21:15
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]
Stran & Company to Present at the H.C. Wainwright 27th Annual Global Investment Conference
Globenewswire· 2025-09-04 12:00
Group 1 - Stran & Company, Inc. is participating in the H.C. Wainwright 27th Annual Global Investment Conference from September 8-10, 2025, in New York City [1] - The presentation by Stran will be available on-demand for registered attendees starting September 5, 2025, at 7:00 AM Eastern Time [2] - Stran has over 30 years of experience in the promotional products industry, focusing on complex marketing programs to enhance brand awareness and drive sales [3] Group 2 - Stran serves many Fortune 500 companies across various industries, managing promotional marketing, loyalty, and incentive programs [3] - The company emphasizes building long-term relationships with clients to foster brand loyalty among customers and employees [3] - Stran utilizes advanced technology for efficient order processing, warehousing, and fulfillment functions [3]
Stran & Company to Announce Second Quarter 2025 Financial Results and Business Update Conference Call
GlobeNewswire· 2025-08-01 12:30
Core Viewpoint - Stran & Company, Inc. will release its financial results for the second quarter of 2025 on August 12, 2025, with a conference call scheduled for August 13, 2025, to discuss these results [1]. Company Overview - Stran has over 30 years of experience in the promotional products industry, focusing on complex marketing programs that enhance brand awareness and drive sales [4]. - The company serves many Fortune 500 clients across various industries, managing promotional marketing, loyalty and incentive programs, and other marketing campaigns [4]. - Stran emphasizes building long-term relationships with clients to foster brand loyalty and utilizes advanced technology for order processing and logistics [4]. Conference Call Details - The conference call will be accessible via telephone for U.S. callers at 888-506-0062 and for international callers at +1 973-528-0011, using entry code 317692 [2]. - A webcast of the call can be accessed through the company's Investor Relations website [2]. Replay Information - A replay of the webcast will be available on the Investor Relations section of the company's website until August 13, 2026 [3]. - A telephone replay will be accessible approximately one hour after the call until August 27, 2025, with specific dialing instructions provided [3].