What factors influenced ICU's 2024 earnings surprises?

The factors that influenced ICU's 2024 earnings surprises include:

1. **Revenue Growth**: ICU's Building Solutions division experienced a significant increase in gross profit, which grew by 55.9% to $4.4 million in Q4 2024 compared to the previous year. This was driven by higher revenues.
2. **Cost Management**: The company's consolidated gross profit increased by 55.9% and generated a fourth-quarter adjusted EBITDA of $1.1 million, indicating improved cost management and operational efficiency.
3. **New Business Division**: The acquisition of Alliance Drilling Tools ("ADT") in March 2025 added a new business division, Energy Services, which established a new revenue stream.
4. **Strategic Initiatives**: ICU's focus on strategic initiatives, such as the acquisition of ADT and the expansion of its Building Solutions division, contributed to its financial performance.

In conclusion, ICU's 2024 earnings surprises were primarily influenced by revenue growth, cost management, new business divisions, and strategic initiatives. These factors collectively contributed to the company's financial performance and earnings outcomes.