Outsourced marketing provider Stran swings to Q3 profit on SLS strength
SWAG•Stran’s Q3 revenue rose 8.2% year over year to $28.1 million as the company swung to a net profit. Gross profit climbed 32% to $9.4 million, and gross margin rose to 33.3%.
1. Q3 results
Stran’s revenue increased 8.2% year over year to $28.1 million, and the company swung to a net profit from a loss a year earlier. Gross profit rose 32% to $9.4 million, with gross margin increasing to 33.3%.
2. Segment and outlook
Stran said profitability in its SLS segment improved due to customer mix, cost management, lower tariffs and a $0.2 million tariff refund. The company plans to focus on converting revenue growth into stronger earnings and cash flow, continue share repurchases and enter its next growth phase from a stronger financial position.
