Company Reports Q4 Revenue of $226.3M, Beating Expectations
Reports Q4 revenue $226.3M, consensus $217.45M. Ramey Jackson, Chief Executive Officer, stated, "In a challenging year with macroeconomic concerns and sustained high interest rates impacting our markets, we focused on execution, operating safely, and serving our customers as we worked to stabilize the business. We were pleased with the solid performance in our International business and the continued adoption of our Noke Smart Entry products, which saw a 25.5% increase in total installed units during the year. We also generated solid free cash flow conversion of adjusted net income and net leverage well within our target range."
