Steve Jones

“Our first quarter results reflect strong, broad-based demand in North America. While that demand drove significant revenue growth, profitability was impacted by a mix of large hardware deals that carry lower margins, along with customer-specific bad debt reserves in Brazil.”

“Our Q4 results reflect strong demand and profitable growth across our technologies and reporting segments. Net sales and gross profits saw strong mid-teen year-over-year growth, while our non-GAAP EPS grew 43% to $1.46 a share, a record for the company.”

“We're pleased with our Q3 results with consolidated net sales and non-GAAP EPS growing 9% year over year. We also delivered strong free cash flow in the quarter and feel very well positioned to deliver our fiscal year 2026 outlook.”

“Yeah, you know, in our 10-Q, we outlined some of the costs both in our COGS and in our SG&A. You know, in the COGS piece of it, it's really around mix and freight expense in the quarter that pushed our margins down.”

“For Q3, we delivered strong profitability and free cash flow in an improved demand environment. While our net sales declined 6% year over year, our gross profit and adjusted EBITDA both increased 6%.”