revenue $753.3M, net income -$26.8M. Q3 revenue +7.7% as 140bp; HPC impairment

Filed August 7, 2026 · Period ending June 28, 2026 · Compared to 10-Q Aug 7, 2025 · ~2 min read

Key Changes

• high

  $60.6M IEEPA tariff refund recognized (810bp gross margin boost in Q3), with $57.9M still receivable; DOJ appeal ongoing but CBP continues processing refunds.

  Legal Proceedings / MD&A: Tariff Refund verify on EDGAR →
• high

  Oaktree invested $127M in HPC (27% equity stake); transaction triggered $104M intangible impairment and $58.1M deferred tax liability, removing HPC from debt collateral.

  Notes: HPC Transaction / MD&A: HPC Investment view on EDGAR →
• high

  Q3 adjusted EBITDA more than doubled to $158.3M (21.0% margin vs. 10.9% prior year), driven by tariff refund and improved pricing/mix across all segments.

  MD&A: Adjusted EBITDA verify on EDGAR →