07:47 AM EST, 11/28/2024 (MT Newswires) -- Dye & Durham ( DYNDF ) on Thursday said results are trending for it to have its "best quarterly revenue performance ever" in the fiscal second quarter, showing that management's value creation plan is working.

The company, which will hold a briefing with investors on Dec. 10, said it is expecting quarterly revenue of $120 million to $125 million, compared with $110 million last year. It expects 6%-10% organic revenue growth versus 2.8% in the prior year quarter.

On Wednesday, Engine Capital, which owns 7.1% of Dye & Durham ( DYNDF ), criticized the lack of transparency in CEO Matt Proud's resignation and the $10 million payout that Engine says he is set to receive.