Riverstone's third-quarter profit up 14.7% QoQ on AI-led cleanroom demand
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Riverstone Holdings reported a 14.7% increase in third-quarter net profit to $16.1 million, driven by strong demand for cleanroom gloves from AI and data center clients. Revenue rose 1.1% to $76.7 million, supported by higher shipments of cleanroom and customized healthcare gloves. Gross profit increased 16.5%, improving margins to 30.9%. The company anticipates continued high utilization rates above 80% in Q4 due to ongoing cleanroom orders and has increased net cash to $252.6 million.
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