Sales rose 16.7% to $486.9M in the fiscal second quarter, but net income fell 34.6% to $58.5M as the prior-year quarter included a gain from the AVAIL JV's sale of its Electrical Products Group.

Filed October 13, 2026 · Period ending August 31, 2026 · Compared to 10-Q Oct 8, 2025 · ~1 min read

Key Changes

• medium

  Operating income increased 22.4% to $83.8M, including expenses related to the Seattle Galvanizing acquisition.

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• medium

  The company repurchased 136,303 shares of common stock in the amount of $20.0 million during the first half, and had $100.0 million remaining to repurchase shares under the 2026 Share Repurchase Program.

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• medium

  Cash provided by operating activities fell 62.5% to $140.0M in the first half, primarily due to a decrease in cash distributions from the AVAIL JV of $273.2 million.

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