Financial Analysis

"Note 12. Employee Benefit Plans U.S. Defined Benefit Pension Plans All of the U.S. defined benefit pension plans are frozen, and as a result, plan participants no longer earn additional benefits. The following table provides detail of changes in the projected benefit obligations, the fair value of plan assets and the funded status of the Companys U.S. defined benefit pension plans as of the respective August 31 measurement date (in thousands): August 31, 2025 2024 Reconciliation of benefit obligations Benefit obligation at beginning of year $ 32,856 $ 33,204 Interest cost 1,565 1,716 Actuarial (loss) gain (872) 1,273 Benefits paid (3,368) (3,337) Benefit obligation at end of year $ 30,181 $ 32,856 Reconciliation of plan assets Fair value of plan assets at beginning of year $ 28,454 $ 28,530 Actual return on plan assets 1,626 2,839 Company contributions 1,241 421 Benefits paid from plan assets (3,368) (3,336) Fair value of plan assets at end of year 27,953 28,454 Funded status of the plans (underfunded) $ (2,228) $ (4,402) The following table provides detail on the Companys domestic net periodic benefit expense (in thousands): Year ended August 31, 2025 2024 2023 Interest cost $ 1,565 $ 1,716 $ 1,694 Expected return on assets (1,694) (1,743) (1,984) Amortization of actuarial loss 1,349 928 878 Net periodic benefit expense $ 1,220 $ 901 $ 588 As of August 31, 2025 and 2024, $14.7 million and $16.3 million, respectively, of pension plan actuarial losses, which have not yet been …

CompensationAndEmployeeBenefitPlansTextBlock · excerpt; the full note is in the filing

The following table presents information regarding revenues disaggregated by the timing of when goods and services are transferred (in thousands): Year-Ended August 31, 2025 2024 2023 Revenues recognized at point in time $ 472,710 $ 456,890 $ 482,506 Revenues recognized over time 144,189 132,620 115,698 Total $ 616,899 $ 589,510 $ 598,204

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Note 15. Stock Plans Share based awards may be granted to key employees and directors under the Enerpac Tool Group Corp. 2017 Omnibus Incentive Plan (as amended and restated November 9, 2020) (the Plan). A total of 7,825,000 shares of Class A common stock have been authorized for issuance under the Plan plus shares, if any, that become issuable, pursuant to the terms of the Plan, upon the expiration, cancellation or forfeiture of awards under our previously registered stock plans outstanding at the time the Plan was first approved by the Company's shareholders. At August 31, 2025, 2,577,263 shares were available for future award grants. The Plan permits the Company to grant share-based awards, including stock options, restricted stock units and performance shares to employees and directors. Under the Plan, options may have a maximum term of ten years and an exercise price per share no less than 100% of the fair market value of the Companys common stock at the date of grant. No Options have been granted under Plan. The Companys restricted stock grants generally vest, subject to continued employment, in equal annual installments over a three -year period. The awards of performance shares generally include a three -year performance period and vest at the end of the period, subject to continued employment. The awards of performance shares granted in fiscal 2025, fiscal 2024 and fiscal 2023 generally provide for payout based 33.34% on the relative total shareholder return metric, …

DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock · excerpt; the full note is in the filing

Note 9. Fair Value Measurements The Company assesses the inputs used to measure the fair value of financial assets and liabilities using a three-tier hierarchy. Level 1 inputs include unadjusted quoted prices for identical instruments and are the most observable. Level 2 inputs include quoted prices for similar assets and observable inputs such as interest rates, foreign currency exchange rates, commodity rates and yield curves. Level 3 inputs are not observable in the market and include managements own judgments about the assumptions market participants would use in pricing an asset or liability. The fair value of the Companys cash and cash equivalents, accounts receivable, accounts payable and variable rate long-term debt approximated book value at both August 31, 2025 and 2024 due to their short-term nature and the fact that the interest rates approximated market rates. Foreign currency exchange contracts and interest rate swaps are recorded at fair value. The fair value of the Company's foreign currency exchange contracts was a net asset of less than $0.1 million and a net liability of $0.3 million at August 31, 2025 and 2024, respectively . The fair value of the Company's interest rate swap and net investment hedge was an asset of less than $0.1 million and a liability of $4.7 million at August 31, 2025 and an asset of $0.1 million and a liability of $1.6 million at August 31, 2024 (see Note 10, Derivatives for further information on the Company's interest rate swap and …

FairValueDisclosuresTextBlock · excerpt; the full note is in the filing

Note 7. Goodwill, Intangible Assets and Long-Lived Assets Changes in the gross carrying value of goodwill and intangible assets result from changes in foreign currency exchange rates, business acquisitions, divestitures and impairment charges. The changes in the carrying amount of goodwill for the years ended August 31, 2025 and 2024 by operating segment are as follows (in thousands): IT&S Other Total Balance as of August 31, 2023 $ 255,285 $ 11,209 $ 266,494 Impact of changes in foreign currency rates 3,103 3,103 Balance as of August 31, 2024 258,388 11,209 269,597 DTA Acquisition 14,684 14,684 Impact of changes in foreign currency rates 5,506 5,506 Balance as of August 31, 2025 $ 278,578 $ 11,209 $ 289,787 The gross carrying value and accumulated amortization of the Companys intangible assets are as follows (in thousands): Weighted Average Amortization Period (Year) August 31, 2025 August 31, 2024 Gross Accumulated Amortization Net Book Value Gross Accumulated Amortization Net Book Value Amortizable intangible assets: Customer relationships 14 $ 115,055 $ 104,083 $ 10,972 $ 109,582 $ 99,530 $ 10,052 Patents 12 11,193 9,796 1,397 9,916 9,408 508 Developed Technology 7 10,283 1,469 8,814 Trademarks and tradenames 7 7,291 3,100 4,191 2,764 2,308 456 Indefinite lived intangible assets: Tradenames N/A 21,568 21,568 25,042 25,042 $ 165,390 $ 118,448 $ 46,942 $ 147,304 $ 111,246 $ 36,058 The Company estimates amortization expense for future years to be: $5.8 million in fiscal …

GoodwillAndIntangibleAssetsDisclosureTextBlock · excerpt; the full note is in the filing

"Note 13. Income Taxes Earnings before income taxes from continuing operations, are summarized as follows (in thousands): Year Ended August 31, 2025 2024 2023 Domestic $ 70,722 $ 59,688 $ 26,442 Foreign 50,007 45,831 42,456 $ 120,729 $ 105,519 $ 68,898 Both domestic and foreign pre-tax earnings from continuing operations are impacted by changes in operating earnings, acquisition and divestiture activities, restructuring charges and the related benefits, growth investments, debt levels and the impact of changes in foreign currency exchange rates. In fiscal 2025, domestic earnings did not include impairment and other divestiture charges. In fiscal 2024, domestic earnings included $0.1 million o f non-cash impairment and other divestiture charges, and fiscal 2023 results included $6.2 million of impairment and divestiture benefits. Substantially all of the non-cash impairment and other divestiture charges (benefits) did not result in a tax expense (benefit). Income tax expense from continuing operations is summarized as follows (in thousands): Year ended August 31, 2025 2024 2023 Currently payable: Federal $ 14,993 $ 10,106 $ 5,181 Foreign 12,341 11,599 9,240 State 832 1,172 319 28,166 22,877 14,740 Deferred: Federal 16 (1,086) (2,935) Foreign (634) 2,630 3,806 State 432 (1,109) (362) (186) 435 509 Income tax expense $ 27,980 $ 23,312 $ 15,249 Income tax expense from continuing operations recognized in the accompanying consolidated statements of earnings differs from the amounts …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

Note 17. Commitments and Contingencies The Company had outstanding commercial letters of credit of $5.9 million and surety bonds of $4.8 million at August 31, 2025, and $4.4 million of letters of credit and $3.8 million of outstanding letters of credit of surety bonds at August 31, 2024 , the majority of which relate to commercial contracts and self-insured workers' compensation programs. As part of the Company's global sourcing strategy, we have entered into agreements with certain sup pliers that require the supplier to maintain minimum levels of inventory to support certain products for which we require a short lead time to fulfill customer orders. We have the ability to notify the supplier that they no longer need to maintain the minimum level of inventory should we discontinue manufacturing of a product during the contract period; however, we must purchase the remaining minimum inventory levels the supplier was required to maintain within a defined period of time. The Company is a party to various legal proceedings that have arisen in the normal course of business. These legal proceedings include regulatory matters, product liability, breaches of contract, employment, personal injury and other disputes. The Company has recorded reserves for loss contingencies based on the specific circumstances of each case. Such reserves are recorded when it is probable a loss has been incurred and can be reasonably estimated. The Company maintains a policy to exclude from such reserves …

LegalMattersAndContingenciesTextBlock · excerpt; the full note is in the filing

"Recently Issued Accounting Pronouncements In December 2023, the Financial Accounting Standards Board (""FASB"") issued Accounting Standards Update 2023-09 Income Taxes (Topic 470): Improvements to Income Tax Disclosures (ASU 2023-09), which establishes new income tax disclosures to consistently categorize and provide greater disaggregation of information in the rate reconciliation, including dollar value and percentage impacts of each component of the reconciliation, as well as further disaggregates income taxes paid. This guidance is effective for fiscal years beginning after December 15, 2024. The Company is evaluating the impact of the adoption of ASU 2023-09 on the consolidated financial statements. In November 2024, the FASB issued Accounting Standards Update 2024-03 Income Statement Reporting Comprehensive Income Expense Disaggregation Disclosures: Disaggregation of Income Statement Expenses (ASU 2024-03), which is intended to improve disclosures about a public business entity's expenses, primarily through additional disaggregation of income statement expenses. ASU 2024-3 is effective for fiscal years beginning after December 15, 2026 and interim periods within fiscal years beginning after December 15, 2027. The Company is evaluating the impact of the adoption of ASU 2024-03 on the consolidated financial statements." …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

Note 4. Restructuring Charges The Company has undertaken or committed to various restructuring initiatives, including workforce reductions, leadership changes, plant consolidations to reduce manufacturing overhead, satellite office closures, the continued movement of production and product sourcing to low-cost alternatives and the centralization and standardization of certain administrative functions. Liabilities for severance are generally to be paid within twelve months, while future lease payments related to facilities vacated as a result of restructuring are to be paid over the underlying remaining lease terms. On June 27, 2022, the Company approved a restructuring plan in connection with the initiatives identified as part of the ASCEND transformation program (see Note 3, ASCEND Transformation Program ) to drive greater efficiency and productivity in global selling, general and administrative resources. The costs of this plan were predominately severance and other employee-related costs incurred as cash expenditures and impacting both IT&S and Corporate. For the years ended August 31, 2024 and 2023, the Company recorded $7.8 million and $7.7 million, respectively, of restructuring charges associated with the ASCEND transformation program, inclusive of the Other Segment. No restructuring charges associated with the ASCEND transformation program were recorded for the year ended August 31, 2025 as the ASCEND program ended at August 31, 2024, with a total restructuring ch …

RestructuringAndRelatedActivitiesDisclosureTextBlock · excerpt; the full note is in the filing

"Note 2. Revenue from Contracts with Customers Nature of Goods and Services The Company generates its revenue under two principal activities, which are discussed below: Product Sales: Sales of tools, heavy-lifting solutions, and rope solutions are recorded when control is transferred to the customer (i.e., performance obligation has been satisfied). For the majority of the Companys product sales, revenue is recognized at a point in time when control of the product is transferred to the customer, which generally occurs when the product is shipped from the Company to the customer. For certain other products that are highly customized and have a limited alternative use, and for which the Company has an enforceable right of reimbursement for performance completed to date, revenue is recognized over time. We consider the input measure (efforts-expended or cost-to-cost) or output measure as a fair measure of progress for the recognition of over-time revenue associated with these custom products. For a majority of these customized products, machine hours and labor hours (efforts-expended measurement) are used as a measure of progress. Service & Rental Sales : Service contracts consist of providing highly trained technicians to perform bolting, technical services, machining and joint-integrity work for our customers. These revenues are recognized over time as our customers simultaneously receive and consume the benefits provided by the Company. We consider the input measure (effo …

RevenueFromContractWithCustomerTextBlock · excerpt; the full note is in the filing

Note 16. Business Segment, Geographic and Customer Information The Company is a global manufacturer of a broad range of industrial products and solutions. The IT&S reportable segment is primarily engaged in the design, manufacture and distribution of branded hydraulic and mechanical tools and in providing services and tool rental to the infrastructure, industrial MRO, oil & gas, mining, alternative and renewable energy, civil construction and other markets. The Other operating segment is included for purposes of reconciliation of the respective balances below to the consolidated financial statements. The Companys Chief Executive Officer is the Chief Operating Decision Maker (CODM). The CODM allocates resources and makes operating decisions based on the financial information presented by the Companys segments. The measures regularly reviewed by our CODM include segment sales, segment operating profit and segment operating profit margin. Our CODM uses these financial measures, to evaluate and allocate capital and company resources as critical determinants of segment performance. In addition, these metrics are used to monitor forecasted to actual and budgeted results to benchmark to our peers. The following table includes segment sales, significant expense items and segment operating profit as viewed by the CODM for the years ended August 31, 2025, 2024, and 2023 . Year Ended August 31, 2025 2024 2023 Net Sales by Reportable Segment & Product Line IT&S Segment Pr …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

Note 4. Acquisitions On September 4, 2024, the Company acquired 100% of the stock of DTA The Smart Move, S.A. (DTA), a global leader in the industrial heavy loads transportation industry, designing and manufacturing mobile robotic solutions. The acquisition provides a complement to Enerpac's Heavy Lifting Technology product line and combines the Company's existing focus on vertical lift with DTA's specialization in horizontal movement enabling the Company to provide more comprehensive solutions for customers. The Company acquired all of the assets and assumed certain liabilities of DTA for an initial purchase price of $26.7 million plus potential earn-out of 12.0 million to be paid at the end of the third year following the acquisition that is tied to the achievement of certain financial objectives with a maximum total purchase price of 36.0 million. Management has estimated the fair value of the earn-out liability to be 2.5 million at May 31, 2026 and August 31, 2025 . …

BusinessCombinationDisclosureTextBlock · excerpt; the full note is in the filing

Note 12. Commitments and Contingencies The Comp any had outstanding letters of credit of $5.8 million and surety bonds of $4.8 million at May 31, 2026 and $5.9 million of letters of credit and $4.8 million of surety bonds at August 31, 2025, the majority of which relate to commercial contracts and self-insured workers' compensation programs. As part of the Company's global sourcing strategy, we have en tered into agreements with certain suppliers that require the supplier to maintain minimum levels of inventory to support certain products for which we require a short lead time to fulfill customer orders. We have the ability to notify the supplier that they no longer need maintain the minimum level of inventory should we discontinue manufacturing of a product during the contract period; however, we must purchase the remaining minimum inventory levels the supplier was required to maintain within a defined period of time. The Company is a party to various legal proceedings that have arisen in the normal course of business. These legal proceedings include regulatory matters, product liability, breaches of contract, employment, personal injury and other disputes. The Company has recorded reserves for loss contingencies based on the specific circumstances of each case. Such reserves are recorded when it is probable a loss has been incurred and can be reasonably estimated. The Company maintains a policy to exclude from such reserves an estimate of legal defense costs. In the opinion …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

Note 6. Debt The following is a summary of the Companys long-term indebtedness: (in thousands) May 31, 2026 August 31, 2025 Senior Credit Facility Revolver $ $ Term Loan 185,000 190,000 Total Senior Indebtedness 185,000 190,000 Less: Current maturities of long-term debt (10,000) (7,500) Debt issuance costs (207) (332) Total long-term debt, less current maturities $ 174,793 $ 182,168 Senior Credit Facility On September 9, 2022, the Company refinanced its previous senior credit facility with a new $600 million senior credit facility, comprised of a $400 million revolving line of credit and a $200 million term loan, which is scheduled to mature in September 2027. The Company has the option to request up to $300 million of additional revolving commitments and/or term loans under the new facility, subject to customary conditions, including the commitment of the participating lenders. This facility replaces LIBOR with adjusted term SOFR as the interest rate benchmark and provides for interest rate margins above adjusted term SOFR ranging from 1.125 % to 1.875 % per annum depending on the Companys net leverage ratio. In addition, a non-use fee is payable quarterly on the average unused amount of the revolving line of credit ranging from 0.150% to 0.275% per annum, based on the Company's net leverage. Borrowings under the credit facility bear interest at adjusted term SOFR plus 1.125 % per annum. The facility contains financial covenants requiring the Company to not permit (i) the ne …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

The following table presents information regarding revenues disaggregated by the timing of when goods and services are transferred: (in thousands) Three Months Ended May 31, Nine Months Ended May 31, 2026 2025 2026 2025 Revenues recognized at point in time $ 131,938 $ 122,478 $ 365,351 $ 349,222 Revenues recognized over time 35,615 36,183 101,217 100,163 Total $ 167,553 $ 158,661 $ 466,568 $ 449,385

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Note 7. Fair Value Measurements The Company assesses the inputs used to measure the fair value of financial assets and liabilities using a three-tier hierarchy. Level 1 inputs include unadjusted quoted prices for identical instruments and are the most observable. Level 2 inputs include quoted prices for similar assets and observable inputs such as interest rates, foreign currency exchange rates, commodity rates and yield curves. Level 3 inputs are not observable in the market and include managements own judgments about the assumptions market participants would use in pricing an asset or liability. The fair value of the Companys cash and cash equivalents, accounts receivable, accounts payable and variable rate long-term debt approximated book value at both May 31, 2026 and August 31, 2025 due to their short-term nature and the fact that the interest rates approximated market rates. Foreign currency exchange contracts and interest rate swaps are recorded at fair value. The fair value of the Company's foreign currency exchange contracts was a net liability of less than $0.1 million at May 31, 2026 and a net asset of less than $0.1 million at August 31, 2025. The fair value of the Company's interest rate swap and net investment hedge was an asset of $0.4 million and a liability of $4.8 million at May 31, 2026, respectively, and an asset of less than $0.1 million and a liability of $4.7 million at August 31, 2025, respectively. See Note 8, Derivatives , for further information on …

FairValueDisclosuresTextBlock · excerpt; the full note is in the filing

Note 5. Goodwill, Intangible Assets and Long-Lived Assets Changes in the gross carrying value of goodwill and intangible assets result from changes in foreign currency exchange rates, business acquisitions, divestitures and impairment charges. The changes in the carrying amount of goodwill for the nine months ended May 31, 2026 are as follows: (in thousands) IT&S Other Total Balance as of August 31, 2025 $ 278,578 $ 11,209 $ 289,787 Impact of changes in foreign currency rates (271) (271) Balance as of May 31, 2026 $ 278,307 $ 11,209 $ 289,516 The gross carrying value and accumulated amortization of the Companys intangible assets are as follows: (in thousands, except periods) May 31, 2026 August 31, 2025 Weighted Average Amortization Period (Years) Gross Carrying Value Accumulated Amortization Net Book Value Gross Carrying Value Accumulated Amortization Net Book Value Amortizable intangible assets: Customer Relationships 14 $ 115,089 $ 105,687 $ 9,402 $ 115,055 $ 104,083 $ 10,972 Patents 12 11,177 9,911 1,266 11,193 9,796 1,397 Developed Technology 7 11,981 2,627 9,354 10,283 1,469 8,814 Trademarks and tradenames 7 7,468 4,606 2,862 7,291 3,100 4,191 Indefinite lived intangible assets: Tradenames N/A 21,528 21,528 21,568 21,568 $ 167,243 $ 122,831 $ 44,412 $ 165,390 $ 118,448 $ 46,942 The Company estimates that amortization expense will be $1.5 million for the remaining three months of fiscal 2026. Amortization expense for future years is estimated to be: $6.0 million in f …

GoodwillAndIntangibleAssetsDisclosureTextBlock · excerpt; the full note is in the filing

Note 10. Income Taxes The Company's glob al operations, acquisition activity (as applicable) and specific tax attributes provide opportunities for continuous global tax planning initiatives to maximize tax credits and deductions. Comparative earnings before income taxes, income tax expense and effective income tax rates are as follows: (Dollars in thousands) Three Months Ended May 31, Nine Months Ended May 31, 2026 2025 2026 2025 Earnings before income tax expense $ 38,693 $ 28,339 $ 86,365 $ 83,914 Income tax expense 8,895 6,295 21,127 19,246 Effective income tax rate 23.0 % 22.2 % 24.5 % 22.9 % The Companys earnings before income taxes include earnings from both U.S. and foreign jurisdictions. As several foreign tax rates are higher than the U.S. tax rate of 21%, the annual effective tax rate is impacted by foreign rate differentials, withholding taxes, losses in jurisdictions whe re no benefit can be realized, and key international provisions enacted from recent tax legislation, such as the Global Intangible Low-Taxed Income and Foreign-Derived Intangible Income provisions. The effective t ax rate for the three and nine months ended May 31, 2026 was 23.0% and 24.5%, respectively, compared to 22.2% and 22.9% respectively, for the respective comparable prior-year period. The effective tax rate in each period was impacted by year-to-date losses and deductions in jurisdictions where no tax benefit can be realized. The higher effective tax rate for the three months ended May 31 …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

Note 3. Restructuring Charges The Company has undertaken or committed to various restructuring initiatives, including workforce reductions, leadership changes, plant consolidations to reduce manufacturing overhead, satellite office closures, the continued movement of production and product sourcing to low-cost alternatives and the centralization and standardization of certain administrative functions. Liabilities for severance are generally to be paid within twelve months, while future lease payments related to facilities vacated as a result of restructuring are to be paid over the underlying remaining lease terms. In the second quarter of fiscal 2026, the Company announced a new restructuring plan rightsizing our Hydratight service operation in the IT&S segment and reducing headcount in the segment to align with current market conditions, primarily in the EMEA Regi on (the FY26 Restructuring Plan). The restructuring is also designed to support our strategic transition of the IT&S segment toward a higher margin service business and growth objectives. In connection with the announcement of this plan, the Company recorded $3.3 million of restructuring costs in the nine months ended May 31, 2026. The following summarizes reserve activity related to the FY26 Restructuring Plan for the IT&S segment for the nine months ended May 31, 2026: (in thousands) IT&S Balance as of August 31, 2025 $ Restructuring charges 3,283 Cash payments (706) Other non-cash uses of reserv …

RestructuringAndRelatedActivitiesDisclosureTextBlock · excerpt; the full note is in the filing

Note 2. Revenue from Contracts with Customers Nature of Goods and Services The Company generates its revenue under two principal activities, which are discussed below: Product Sales: Sales of tools, heavy-lifting solutions, and biomedical textiles are recorded when control is transferred to the customer (i.e., performance obligation has been satisfied). For the majority of the Companys product sales, revenue is recognized at a point in time when control of the product is transferred to the customer, which generally occurs when the product is shipped from the Company to the customer. For certain other products that are highly customized and have a limited alternative use, and for which the Company has an enforceable right of reimbursement for performance completed to date, revenue is recognized over time. We consider the input measure (efforts-expended or cost-to-cost) or output measure as a fair measure of progress for the recognition of over-time revenue associated with these custom products. For a majority of the Companys custom products, machine hours and labor hours (efforts-expended measurement) are used as a measure of progress. Service & Rental Sales : Service contracts consist of providing highly trained technicians to perform bolting, technical services, machining and joint-integrity work for our customers. These revenues are recognized over time as our customers simultaneously receive and consume the benefits provided by the Company. We consider the input measur …

RevenueFromContractWithCustomerTextBlock · excerpt; the full note is in the filing

Note 11. Segment Information The Company is a global manufacturer of a broad range of industrial products and solutions. The IT&S reportable segment is primarily engaged in the design, manufacture, and distribution of branded hydraulic and mechanical tools and in providing services and tool rental to the general industrial; refining and petrochemical; industrial MRO; machining & manufacturing; power generation; infrastructure; mining and other markets. The Other segment is included for purposes of reconciliation of the respective balances below to the condensed consolidated financial statements. The Companys Chief Executive Officer is the Chief Operating Decision Maker (CODM). The CODM allocates resources and makes operating decisions based on the financial information presented by the Companys segments. The measures regularly reviewed by our CODM include segment sales, segment operating profit and segment operating profit margin. Our CODM uses these financial measures, to evaluate and allocate capital and company resources as critical determinants of segment performance. In addition, these metrics are used to monitor actual to forecasted and budgeted results to benchmark to our peers. The following table includes segment sales, significant expense items and segment operating profit as viewed by the CODM for three and nine months ended May 31, 2026 and 2025: (in thousands) Three Months Ended May 31, Nine Months Ended May 31, 2026 2025 2026 2025 Net Sales by Reportable …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing