Andrew Peller Limited Reports Solid Results and Improved Profitability in Second Quarter of Fiscal 2024 and Announces Leadership Continuity Plans
Gross margin as a percentage of sales improved to 40.0% for the six months ended September 30, 2023, from 38.9% in the prior year.
- Gross margin as a percentage of sales improved to 40.0% for the six months ended September 30, 2023, from 38.9% in the prior year.
- In the second quarter of fiscal 2024, gross margin improved to 41.2%, from 38.8% in the same prior year quarter, including a $4.1 million reduction related to the WSSP.
- For the second quarter of fiscal 2024 selling and administrative expenses were 26.1% of sales, improved from 27.3% in the same prior year period.
- EBITA in the second quarter of fiscal 2024 was $15.1 million, up from $11.7 million in the second quarter of fiscal 2023.