As we near the end of this year and approach the upcoming holidays, I am grateful for progress we have made together. We have invested in facilities, improved processes, filled key positions, and completed two strategic acquisitions of Parker & Bailey and Forearm Forklift in the retail space. We’re also investing in our Caster sales team with an upcoming on-site workshop with a world-class sales training group.

As we reflect on the first quarter of 2024, we are thrilled to share the incredible momentum and achievements that have shaped our journey of growth and value creation. Our first quarter highlights include successful strategic expansions in our Retail division through acquisitions in Australia and the USA, doubling earnings since 2021. Celebrating the 30th anniversary of Colson China in Guangzhou showcased our Industrial segment’s cost-effective innovations, while the acquisition of 16 acres in Albion, MI, emphasizes our strong presence in the heavy-duty sector. With a $10M investment to expand the Albion plant, reorganizing our commercial team for enhanced customer service, and a commitment to excellence, we are driving innovation and exceeding expectations as we shape the future of casters and wheel solutions.