Not so much in terms of HTL. Growth rate seems to be about 10% plus consistently. Maybe FX tailwinds and some M +A help.
Outlook
Mr. Wolf continued, “We continue to feel that our company is in a great position as demand for our products and services remains strong based on the positive trends in our field and we expect to continue to have organic sales growth in the 10% range in the second half of the year. Also, while we faced 4-5% currency headwinds in Q1, these impacts largely disappeared in Q2 and, if the current trends continue, we should see some tailwinds in the second half of the year.”
Commenting on the Company’s M&A activities, Francesco Fragasso, the Company’s CFO stated, “We have an extensive pipeline and are actively working on multiple acquisition opportunities. With liquidity of approximately $26.4 million from our significant cash on hand and unused lines of credit, along with further debt capacity, we are well positioned to continue to execute on our acquisition program.”