Kelso Technologies Announces 2025 Budget Amid Industry Challenges

Kelso Technologies Inc. has announced its fiscal year 2025 budget, projecting flat to modest sales growth of 0% to 5% compared to FY2024 revenue of $10.7 million. The company emphasizes cost discipline while preparing for an anticipated increase in tank car builds starting in 2026, aiming to enhance operational efficiency and financial stability. CEO Frank Busch highlighted that 2025 will serve as a rebuilding year, focusing on strategic initiatives to increase revenue while reducing expenditures. Additionally, Kelso is pursuing crucial AAR approvals for its Bottom Outlet Valve and Angle Valve, which could open new revenue streams. The company expects to report a significant loss in FY2024 due to one-time expenses, impacting investor confidence, but remains optimistic about future market recovery. Overall, Kelso is positioning itself to capitalize on upcoming opportunities within the transportation industry.