Dynamic Design Solutions® Reports "Record Breaking" Second Quarter and H1 2022 Results
By: Dynamic Design Solutions, Inc
CHARLOTTE, N.C. - July 6, 2022 - PRLog -- Dynamic Design Solutions, Inc., a leading global provider of custom automation and robotic solutions to customers in the CPG, life sciences, medical device, automotive, power & energy and manufacturing industries, today reported "Record Breaking" financial results for the second quarter and first half of the 2022 Fiscal Year. "After achieving record operating performance in 2021, we are off to a very strong start in 2022. Our associates are doing a tremendous job serving our customers as demand in the manufacturing industry remains strong. I am pleased that our strong operating results and sales growth are enabling us to further strengthen our company for continued growth," said Adam P. Crandall, Chief Revenue Officer and Vice President.
"DDS delivered another strong quarter with above plan performance on all key financial & sales metrics, reflecting strong momentum across our key markets, further executing our operating plan and continuing to drive value aligning with our long-term growth strategy. We credit our strong performance to our unique company culture and the contributions of our associates. We also recently entered into a strategic partnership with Automation Intellect, LLC a leading provider of "Industry 4.0" and "Machine Visibility" solutions. This partnership will further strengthen the custom automation solutions DDS provides and will differentiate DDS further from other custom machine builders within the industry. The 2022 FY continues to be yet another year that we have delivered solid growth to our stakeholders and our outlook remains strong going into the remainder of the year," said Michael Caldwell, President and Chief Operating Officer of Dynamic Design Solutions.
"Following an outstanding year with more than 80% YOY growth, DDS will continue to execute our long-term growth strategy with ongoing investments in sales, engineering, applications and infrastructure. We remain focused on meeting the evolving needs of our customers and enabling manufacturing breakthroughs that create value for all stakeholders. We also experienced our best quarter on record as it relates to both top line sales and organic sales growth, shattering prior fiscal quarters over the course of our twenty-four-
Second Quarter & Mid-Year 2022
For the three months ended June 30, 2022, net sales increased 124%, compared to the second quarter of 2021. The net sales increase was a direct result of organic sales growth, which resulted in 100% of our growth experienced in the second quarter. For the six months ended June 30, 2022, net sales increased 85%, compared to the first half of 2021. Halfway through the 2022 FY, DDS acquired new customers at its fastest pace, generating 65% of all sales from new customer acquisition.
About Dynamic Design Solutions
Dynamic Design Solutions, Inc is a full-service design & build automation resource for the Industrial, Life Sciences, Consumer, Food and Beverage, Automotive and Power Industries. Headquartered in Charlotte, N.C., DDS was founded in 1998 by Brad and Stacey DeMarco. For more information about Dynamic Design Solutions, please visit http://www.dynamicdesignsolutionsinc.com
Adam P. Crandall