NANTES, FRANCE – Lacroix reported consolidated revenue of $360 million for the first nine months of the year, reflecting an 8.8% year-over-year decline on a comparable basis as weakness in the Electronics division continued to weigh on results. Third-quarter revenue held nearly flat at $115 million, a modest 1.4% dip from last year, signaling early stabilization as the downturn in demand showed signs of easing.

Electronics revenue reached $78 million in the third quarter, down 9.2% year-over-year but a marked improvement from the steeper declines seen in the first half. The company cited firmer activity in automotive and industrial programs, even as project delays and program exits continued to affect overall volume.

The Environment division remained the primary growth driver, posting $38 million in third quarter revenue, up 19.7% year-over-year on strong water, HVAC and smart grid activity across France, Spain and Italy. Year-to-date, the segment has generated $114 million, up 12.3%.

Lacroix reaffirmed its full-year targets, noting that its exit from North America and a divested road-signs business are no longer included in comparable results.