The company delivered solid first-quarter results with 6.2% revenue growth and operating margin expansion, though net income flattened as higher interest expense from increased average outstanding debt offset operating leverage gains.
Key takeaways
Revenue rose 6.2% to $1.1 billion, driven by solid maintenance product demand and strong equipment sales.
Operating margin expanded to 7.3% as operating expense growth lagged revenue growth, reflecting investments in new greenfield locations.