Q3 net income up 43% to $141M on higher AIS sales; company repaid $400M term loan

Filed June 25, 2026 · Period ending May 31, 2026 · Compared to 10-Q Jun 26, 2025 · ~1 min read

Key Changes

• high

  Q3 FY26 net income rose 43% to $141M ($4.56 EPS) vs $98.4M ($3.12 EPS) prior year, driven by higher operating profit and lower interest expense. Nine-month net income up 27% to $358.3M ($11.45 EPS).

  MD&A: Q3 net income and EPS verify on EDGAR →
• high

  Company repaid full $400M term loan balance during first nine months of FY26 ($200M cash, $200M refinanced into new $800M revolving credit facility entered May 8, 2026). Total debt fell from $1.0B to $697.3M.

  MD&A: debt repayment and new credit facility verify on EDGAR →
• high

  Operating cash flow for nine months ended May 31, 2026 was $520.2M, up 30% from $398.9M prior year, driven by higher profit and lower income tax payments.

  MD&A: operating cash flow verify on EDGAR →