revenue $972.0M, net income -$471.7M. Q2 revenue +11%; goodwill charge drives net loss as ops income flat

Filed August 12, 2026 · Period ending July 3, 2026 · Compared to 10-Q Aug 6, 2025 · ~2 min read

Key Changes

• high

  Net income swung to a $471.7M loss ($2.02/share) from $89.2M profit, driven by a $562M goodwill impairment in Transportation & Logistics triggered by sustained stock-price decline and lower software-business multiples, while operating income rose only 3%.

  Notes: Goodwill Impairment verify on EDGAR →
• high

  Revenue grew 11.0% to $972.0M, but the fiscal year contains 53 weeks versus 52 weeks in the prior year — the filing attributes the extra week before demand or macro factors, making the growth rate not directly comparable.

  MD&A: Fiscal Calendar verify on EDGAR →
• high

  Acquired Document Crunch for $246.4M in April 2026 (financed by credit-facility borrowing), an AI platform for construction document analysis and risk management, strengthening document intelligence across the AECO segment.

  Notes: Acquisitions verify on EDGAR →