Total Operating Revenue

+15% (from USD 192,627K to USD 222,288K)

Strong U.S. market performance drove revenue growth, with increased demand in both residential and commercial segments helping boost total revenues. This improvement builds on the previous period’s growth momentum and indicates an effective market strategy in Q1 2025. " "

Net Income

+42% (from USD 29,730K to USD 42,189K)

Net income expanded significantly as increased revenues combined with improved operating efficiency and effective cost management enhanced profitability compared to Q1 2024. The operating improvements and cost control measures from prior periods further bolstered bottom‐line performance in Q1 2025. " "

Operating Income

+44% (from USD 41,022K to USD 59,329K)

Operating income benefited from higher sales and improved gross margin performance, reflecting better pricing power and operational leverage. The increase also suggests that despite cost pressures, the underlying business improvements seen in Q1 2024 have continued to yield compounding benefits in Q1 2025. " "

Basic EPS

+43% (from USD 0.63 to USD 0.90)

The significant boost in Basic EPS mirrors the net income increase, driven by enhanced profitability and improved operational efficiency. This performance improvement builds upon the previous period’s gains and signals a more efficient capital allocation in delivering shareholder returns. " "

Balance Sheet – Total Assets

+16% (from USD 981,570K to USD 1,138,289K)

Increases in current assets such as cash, trade receivables, and inventories, along with capital investments in long-term assets, pushed total assets higher. This asset growth reflects both strong operational activity in Q1 2025 and ongoing strategic investments compared to Q1 2024. " "

Balance Sheet – Long-Term Debt

–30% (from USD 154,567K to USD 108,409K)

A marked reduction in long-term debt indicates an aggressive debt management strategy, likely enabled by strong operating cash flow and effective cost control. The decline builds on prior period initiatives to deleverage and reduce interest expenses, enhancing financial flexibility in Q1 2025. " "

Cash Flow – Net Increase in Cash

+250%+ (from USD 6,373K to USD 22,420K)

The dramatic increase in net cash indicates improved operational cash generation and more effective working capital management. This improvement not only reflects performance gains from Q1 2024 but also supports strategic initiatives like debt reduction in Q1 2025. " "