Revenue: As of FY2025 Q3, the actual value is USD 678 M, missing the estimate of USD 854.6 M.

EPS: As of FY2025 Q3, the actual value is USD -0.11, missing the estimate of USD 0.3133.

EBIT: As of FY2025 Q3, the actual value is USD 7 M.

Segment Revenue

• U.S. Segment: Sales decreased to $550 million for the three months ended September 30, 2025, from $644 million for the same period in 2024, a decrease of $94 million or 15%.
• International Segment: Sales increased to $128 million for the three months ended September 30, 2025, from $127 million for the same period in 2024, an increase of $1 million.

Operational Metrics

• Gross Profit: Decreased to $125 million (18.4% of sales) for the three months ended September 30, 2025, from $157 million (20.4% of sales) for the same period in 2024.
• Operating (Loss) Income: Operating loss was $3 million for the three months ended September 30, 2025, compared to operating income of $37 million for the same period in 2024.
• Net (Loss) Income from Continuing Operations: Net loss was $9 million for the three months ended September 30, 2025, compared to net income of $29 million for the same period in 2024.

Cash Flow

• Operating Cash Flow: Net cash used in operating activities was $67 million during the nine months ended September 30, 2025, compared to $197 million generated during the same period in 2024.
• Investing Cash Flow: Net cash used in investing activities was $7 million during the nine months ended September 30, 2025, compared to $22 million used during the same period in 2024.
• Financing Cash Flow: Net cash provided by financing activities was $65 million for the nine months ended September 30, 2025, compared to $242 million used during the same period in 2024.

Unique Metrics

• Adjusted EBITDA: Adjusted EBITDA was $36 million (5.3% of sales) for the three months ended September 30, 2025, compared to $47 million (6.1% of sales) for the same period in 2024.

Future Outlook and Strategy

• Core Business Focus: The company is focused on resolving the operational challenges from the ERP system implementation and expects the elevated revenue backlog at the end of the third quarter 2025 of $571 million to manifest as revenue in the coming quarters.
• Non-Core Business: The company completed the sale of its Canadian operations to EMCO Corporation in March 2025, using the proceeds to reduce debt.
• Priority: The company is implementing a new ERP system to improve operational efficiency and expects long-term benefits from this implementation.