NWL has just completed our annual audit and we are very pleased to announce that 2023 was a record revenue year. Due to upticks in all served market segments, NWL sales grew 30% to over $71Mil. Our new acquisition NWL Europe acquired in December 2021, achieved profitability in 2023 after a very difficult 2022 due to the Ukraine war. NWL entered 2024 with a solid backlog and forecast, so expectations are that this year’s results will meet or exceed 2023.
Our most sincere thanks go out to all of our customers, suppliers and employees, whose strong efforts enabled this growth to occur.