CSE Global revenue jumps 31.4% YoY in 3Q23

CSE’s electrification business contributed 46.3% to this revenue growth.

CSE Global reported a revenue of $185m in 3Q23, translating to 31.4% YoY growth.

The company said the increase was due to the growth in its electrification business segment in the US region and recent acquisitions from the communications segment.

The automation, communications, and electrification segments contributed 23.9%, 29.7%, and 46.3% to the company's revenue, respectively, in 3Q23.

In 3Q23, CSE also reported an 18.6% YoY uptick in its energy revenue ($85.0m) and a 59.4% YoY surge in its infrastructure revenue ($85.4m).

On the other hand, its mining and mineral revenue slipped 6.5% YoY to $14.1m due to a delay in delivery milestones.