Revenue increased to $119.7 Million and Gross Profit Climbed to $33.8 Million – Both Record First Quarter LevelsGRE’s first quarter revenue increased 10.9% to $112.5 million from $101.4 million. Meter growth and higher per meter electricity consumption drove the increase, partially offset by lower electricity and natural gas prices. First quarter income from operations decreased 13.4% to $14.2 million from $16.4 million, and Adjusted EBITDA decreased 13.1% to $14.6 million from $16.8 million.Senior Managing Director
Hayden IR
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[email protected]CONSOLIDATED BALANCE SHEETS(in thousands, except per share amounts)20242023CONSOLIDATED STATEMENTS OF OPERATIONS(Unaudited)CONSOLIDATED STATEMENTS OF CASH FLOWS(Unaudited) 
(GlobeNewsWire)