TWI posts $24.3M Q1 loss on $25M restructuring charge; earthmoving sales jump 11% on demand recovery

Filed April 30, 2026 · Period ending March 31, 2026 · Compared to 10-Q Apr 30, 2025 · ~2 min read

Key Changes

• high

  Company announced closure of Jackson, Tennessee manufacturing facility in October 2026, recording $25.1M in restructuring and impairment charges ($23.5M asset write-downs, $1.6M severance). Excluding this one-time charge, operations would have been profitable.

  MD&A: Jackson facility closure verify on EDGAR →
• high

  Earthmoving/construction segment sales rose 11.3% to $159.5M on stronger mining capital budgets and improved OEM demand, reversing prior year's 13.3% decline. Management now describes market as improving versus baseline's 'slowdown with mid-to-long-term stabilization.'

  MD&A: Earthmoving segment verify on EDGAR →
• high

  Risk factors replaced detailed April 2025 reciprocal tariff disclosure (185 countries, specific cost/margin/supply-chain impacts, mitigation strategies) with broader geopolitical/military conflict risk (US-Israel-Iran tensions, indirect effects). Company states no material operations in conflict regions.

  Risk Factors verify on EDGAR →