Noble Iron doubled its third-quarter revenues from $1.88 million in 2011 to $3.97 million. Total revenues for the first nine months of 2012 nearly tripled from the same period a year ago, with $12.02 million compared to $4.18 million in 2011 when much of the company was just getting established.
The company achieved year-to-date EBITDA of $1.11 million for the nine-month period ended Sept. 30. Adjusted EBITDA for the quarter was $0.15 million, compared to $0.10 million a year ago.
“The company is pleased to have begun operating from a second CELL (Centralized Equipment Logistics Location) at 505 Rankin Road in Houston, Texas, during the third quarter,” said Willie Swisher, CEO. “Additionally, our software business unit, Texada Software, continues to develop exciting new features for 2013, such as our pending release of Web Client, a zero-footprint deployment that can launch in any web browser, bringing a new level of performance to our customers.”
Noble Iron, based in Houston, operates in three complementary sectors: equipment rental, equipment dealership and enterprise software for the construction and industrial equipment industry. Its rental centers serve customers in California and Texas.