Core Insights - Unisync Corp. reported strong operating results for Q3 FY2025, showcasing profitability, improved gross margins, and effective cost management [1][2][5] Financial Performance - The company achieved a net income before tax of $1.8 million ($0.10 per share) and Adjusted EBITDA of $3.5 million ($0.18 per share) on revenues of $21.9 million, a significant improvement from a net loss of $1.2 million and Adjusted EBITDA of $1.1 million in the previous year [2][9] - Consolidated revenue increased to $21.9 million, up from $21.2 million in Q3 FY2024 [9] - UGL segment revenues rose by $0.6 million, driven by higher airline account volumes, with gross profit in the segment increasing from $2.3 million to $5.4 million [9] Margin and Cost Management - Segment margins, excluding unrealized foreign exchange gains, surged to 23.5% from 12.6% a year ago, attributed to a stronger sales mix, lower offshore product costs, and operational efficiencies [9] - General & administrative expenses decreased to $3.2 million, down $0.1 million from the previous year [9] - Interest expense declined by $0.2 million to $0.8 million due to reduced borrowings and a weaker U.S. dollar [9] Business Outlook - The UGL segment benefited from positive contract pricing adjustments and the relocation of offshore production to lower-cost facilities, which is expected to continue improving future margins [5][7] - The Peerless business segment holds $28.9 million in firm contracts and options as of June 30, 2025, positioning it to maintain current revenue and profitability levels [7]

Core Insights - Unisync Corp. announced the retirement of CEO Douglas F. Good effective July 15, 2025, with Chairman Tim Gu stepping in as Executive Chairman to ensure continuity and oversight [1][4] Company Leadership Transition - Douglas F. Good played a crucial role in shaping Unisync, starting with the acquisition of Peerless Garments in 2010 and leading the company through strategic acquisitions and expansion into the U.S. market [2][3] - Good expressed pride in leading Unisync from its inception to a respected TSX-listed company, highlighting the resilience of the management team during challenges, particularly those related to COVID-19 [3][4] Future Outlook - Good believes Unisync is well-positioned for continued success under the leadership of Tim Gu and a strong Board of Directors, leaving the company with a solid foundation for future growth [4][5] - Tim Gu acknowledged Good's significant contributions, describing him as the founder and visionary behind Unisync, and emphasized the long-term value created for stakeholders through Good's leadership [4][5] Company Operations - Unisync operates through two business units: Unisync Group Limited (UGL), which serves corporate apparel needs in Canada and the U.S., and Peerless Garments LP, a manufacturing operation specializing in protective garments and military clothing [6]