Azz Inc 10-Q for FY2027 Q2

Azz Inc (AZZ)

10-Q 2026-10-13 For: 2026-08-31

Added on October 13, 2026

About this 10-Q

Azz Inc filed this 10-Q on October 13, 2026, covering the quarter ended August 31, 2026 (FY2027 Q2).

Headline figures

Quarter ended August 31, 2026, as reported in this filing, compared with the same period a year earlier where the filing states it.

Revenue: $486.89M; up 16.7% from $417.28M a year earlier
Net income: $58.45M; down 34.6% from net income of $89.35M a year earlier
Diluted EPS: $1.94; down 34.2% from $2.95 a year earlier

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Texas		75-0948250
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)

One Museum Place, Suite 500
3100 West 7th Street
Fort Worth,	Texas	76107
(Address of principal executive offices)		(Zip Code)


		PAGE NO.
PART I.	FINANCIAL INFORMATION
Item 1.	Financial Statements (Unaudited)
	Condensed Consolidated Balance Sheets	1
	Condensed Consolidated Statements of Operations	2
	Condensed Consolidated Statements of Comprehensive Income (Loss)	3
	Condensed Consolidated Statements of Cash Flows	4
	Condensed Consolidated Statements of Changes in Shareholders' Equity	5
	Notes to Condensed Consolidated Financial Statements	7
Item 2.	Management's Discussion and Analysis of Financial Condition and Results of Operations	29
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	46
Item 4.	Controls and Procedures	46

PART II.	OTHER INFORMATION
Item 1.	Legal Proceedings	46
Item 1A.	Risk Factors	46
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	46
Item 5.	Other Information	47
Item 6.	Exhibits	48

	SIGNATURES	49


	As of
	August 31, 2026		February 28, 2026
Assets
Current assets:
Cash and cash equivalents	$	1,953	$	705
Trade accounts receivable, net of allowance for credit losses of $207 and $144 at August 31, 2026 and February 28, 2026, respectively	179,065		142,648
Other receivables	20,084		18,990
Inventories	134,018		113,413
Contract assets	107,342		112,785
Prepaid expenses and other	12,933		6,827

Total current assets	455,395		395,368
Property, plant and equipment, net	617,568		609,305
Right-of-use assets	90,317		59,564
Goodwill	740,210		714,753
Deferred tax assets	1,240		1,383
Intangible assets, net	417,978		409,738
Investment in AVAIL joint venture	11,464		19,960
Other assets	3,786		3,403
Total assets	$	2,337,958	$	2,213,474
Liabilities and Shareholders' Equity
Current liabilities:
Accounts payable	$	125,986	$	114,590
Income taxes payable	2,270		387
Accrued salaries and wages	27,032		33,847
Other accrued liabilities	88,672		74,771
Lease liability, short-term	10,057		8,679

Total current liabilities	254,017		232,274
Long-term debt, net	468,470		477,738
Lease liability, long-term	81,858		51,969
Deferred tax liabilities	82,322		73,924
Other long-term liabilities	36,216		40,538
Total liabilities	922,883		876,443
Commitments and contingencies (Note 18)


Shareholders' equity:
Common stock, $1 par value; 100,000 shares authorized; 29,923 and 29,880 shares issued and outstanding at August 31, 2026 and February 28, 2026, respectively	29,923		29,880
Capital in excess of par value	410,769		431,155
Retained earnings	980,811		883,544
Accumulated other comprehensive loss	(6,428)		(7,548)
Total shareholders' equity	1,415,075		1,337,031
Total liabilities and shareholders' equity	$	2,337,958	$	2,213,474


	Three Months Ended August 31,				Six Months Ended August 31,
	2026		2025		2026		2025
Sales	$	486,892	$	417,275	$	935,422	$	839,237
Cost of sales	364,766		315,983		701,127		633,815
Gross margin	122,126		101,292		234,295		205,422

Selling, general and administrative	38,345		32,831		73,481		67,412

Operating income	83,781		68,461		160,814		138,010

Interest expense, net	(10,807)		(13,665)		(22,071)		(32,228)
Equity in earnings of unconsolidated subsidiary	6,789		59,345		7,298		232,868
Other income (expense), net	27		188		(233)		1,515
Income before income taxes	79,790		114,329		145,808		340,165
Income tax expense	21,339		24,983		35,351		79,911
Net income	$	58,451	$	89,346	$	110,457	$	260,254




Basic earnings per common share	$	1.95	$	2.97	$	3.69	$	8.68
Diluted earnings per common share	$	1.94	$	2.95	$	3.66	$	8.61

Weighted average shares outstanding—Basic	29,997		30,037		29,964		29,992
Weighted average shares outstanding—Diluted	30,123		30,244		30,145		30,243

Cash dividends declared per common share	$	0.24	$	0.20	$	0.44	$	0.37


	Three Months Ended August 31,				Six Months Ended August 31,
	2026		2025		2026		2025
Net income	$	58,451	$	89,346	$	110,457	$	260,254
Other comprehensive income (loss):
Foreign currency translation adjustments:
Unrealized translation gain (loss)	(172)		208		(723)		2,164
Unrealized translation gain (loss) for unconsolidated subsidiary, net of tax(1)	1,104		655		(38)		896

Unrealized gain (loss) on derivatives qualified for hedge accounting:
Unrealized gain (loss) on interest rate swap, net of tax(2)	414		(1,214)		1,775		(875)
Amounts reclassified from accumulated other comprehensive income (loss) to earnings, net of tax(3)	52		(243)		106		(290)
Unrealized gain on interest rate swap, net of tax for unconsolidated subsidiary(4)	—		9		—		11
Other comprehensive income (loss)	1,398		(585)		1,120		1,906
Comprehensive income	$	59,849	$	88,761	$	111,577	$	262,160


☒			QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934


☐			TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934







(1)			Unrealized translation gain (loss) for unconsolidated subsidiary is related to our unconsolidated investment in the AVAIL JV and represents our 40% interest in this amount. Net of tax expense of $349 and $207 for the three months ended August 31, 2026 and 2025, respectively. Net of tax expense (benefit) of $(12) and $283 for the six months ended August 31, 2026 and 2025, respectively.
(2)			Net of tax expense (benefit) of $134 and $(384) for the three months ended August 31, 2026 and 2025, respectively. Net of tax expense (benefit) of $573 and $(271) for the six months ended August 31, 2026 and 2025, respectively.
(3)			Net of tax expense (benefit) of $17 and $(77) for the three months ended August 31, 2026 and 2025, respectively. Net of tax expense (benefit) of $34 and $(93) for the six months ended August 31, 2026 and 2025, respectively. See Note 9.
(4)			Unrealized gain on interest rate swap, net of tax for unconsolidated subsidiary is related to our unconsolidated investment in the AVAIL JV and represents our 40% interest in this amount. The interest rate swap was written off following the sale of the Electrical Products Group business during the second quarter of fiscal 2026. Net of tax expense of $4 and $5 for the three and six months ended August 31, 2025, respectively.


	Three Months Ended August 31, 2026
	Common Stock			Capital in Excess of Par Value		Retained Earnings		Accumulated Other Comprehensive Income (Loss)		Total
	Shares	Amount
Balance at May 31, 2026	30,017	$	30,017	$	424,279	$	929,574	$	(7,826)	$	1,376,044
Share-based compensation	—	—		4,867		—		—		4,867

Common stock issued under stock-based plans and related income tax expense	14	14		(637)		—		—		(623)
Common stock issued under employee stock purchase plan	28	28		2,124		—		—		2,152

Repurchase and retirement of treasury shares	(136)	(136)		(19,864)		—		—		(20,000)

Dividends paid on common shares	—	—		—		(7,214)		—		(7,214)

Net income	—	—		—		58,451		—		58,451
Other comprehensive income	—	—		—		—		1,398		1,398
Balance at August 31, 2026	29,923	$	29,923	$	410,769	$	980,811	$	(6,428)	$	1,415,075


	Six Months Ended August 31, 2026
	Common Stock			Capital in Excess of Par Value		Retained Earnings		Accumulated Other Comprehensive Income (Loss)		Total
	Shares	Amount
Balance at February 28, 2026	29,880	$	29,880	$	431,155	$	883,544	$	(7,548)	$	1,337,031
Share-based compensation	—	—		8,651		—		—		8,651

Common stock issued under stock-based plans and related income tax expense	151	151		(11,297)		—		—		(11,146)

Common stock issued under employee stock purchase plan	28	28		2,124		—		—		2,152

Repurchase and retirement of treasury shares	(136)	(136)		(19,864)		—		—		(20,000)

Dividends paid on common shares	—	—		—		(13,190)		—		(13,190)

Net income	—	—		—		110,457		—		110,457
Other comprehensive income	—	—		—		—		1,120		1,120
Balance at August 31, 2026	29,923	$	29,923	$	410,769	$	980,811	$	(6,428)	$	1,415,075


	Three Months Ended August 31, 2025
	Common Stock			Capital in Excess of Par Value		Retained Earnings		Accumulated Other Comprehensive Income (Loss)		Total
	Shares	Amount
Balance at May 31, 2025	30,007	$	30,007	$	418,399	$	774,981	$	(9,089)	$	1,214,298
Share-based compensation	—	—		4,339		—		—		4,339

Common stock issued under stock-based plans and related income tax expense	15	15		(426)		—		—		(411)
Common stock issued under employee stock purchase plan	35	35		2,021		—		—		2,056



Dividends paid on common shares	—	—		—		(6,012)		—		(6,012)

Net income	—	—		—		89,346		—		89,346
Other comprehensive loss	—	—		—		—		(585)		(585)
Balance at August 31, 2025	30,057	$	30,057	$	424,333	$	858,315	$	(9,674)	$	1,303,031


	Six Months Ended August 31, 2025
	Common Stock			Capital in Excess of Par Value		Retained Earnings		Accumulated Other Comprehensive Income (Loss)		Total
	Shares	Amount
Balance at February 28, 2025	29,913	$	29,913	$	418,004	$	609,158	$	(11,580)	$	1,045,495
Share-based compensation	—	—		9,424		—		—		9,424

Common stock issued under stock-based plans and related income tax expense	109	109		(5,116)		—		—		(5,007)
Common stock issued under employee stock purchase plan	35	35		2,021		—		—		2,056



Dividends paid on common shares	—	—		—		(11,097)		—		(11,097)

Net income	—	—		—		260,254		—		260,254
Other comprehensive income	—	—		—		—		1,906		1,906
Balance at August 31, 2025	30,057	$	30,057	$	424,333	$	858,315	$	(9,674)	$	1,303,031


	July 30, 2026
Assets
Accounts receivable	$	2,420

Inventories	2,177

Property, plant and equipment	7,500
Right-of-use assets	29,322
Goodwill	25,853
Intangibles and other assets	20,000
Total fair value of assets acquired	$	87,272
Liabilities
Accounts payable	(274)
Accrued salaries and wages	(176)
Lease liabilities	(29,322)

Total fair value of liabilities assumed	$	(29,772)
Total purchase price, net of cash acquired	$	57,500


	July 1, 2025
Assets
Accounts receivable	$	1,409

Inventories	1,049

Property, plant and equipment	4,759
Goodwill	9,585
Intangibles and other assets	13,810
Total fair value of assets acquired	$	30,612
Liabilities
Accounts payable	(237)
Other accrued liabilities	(231)

Total fair value of liabilities assumed	$	(468)
Total purchase price, net of cash acquired	$	30,144



(1)			Other includes less significant markets, such as recreation, sales from recycling and other miscellaneous customer industries.


	Three Months Ended August 31, 2026
	Metal Coatings		Precoat Metals		Infrastructure Solutions(1)		Total
Sales	$	233,519	$	253,373	$	—	$	486,892
Cost of sales	163,466		201,300		—		364,766


Selling, general and administrative	5,968		8,739		—		14,707

Operating income	$	64,085	$	43,334	—		107,419
Equity in earnings of unconsolidated subsidiary(4)					6,789		6,789
Income before income taxes					$	6,789	114,208

Reconciliation to consolidated income before income taxes
Corporate selling, general and administrative expenses(5)							(23,638)
Interest expense							(10,807)
Other income							27
Consolidated income before income taxes							$	79,790



(1)			For the AZZ Infrastructure Solutions segment, the CODM uses only income before taxes as the measure to allocate resources and assess segment performance. Infrastructure Solutions segment includes the equity in earnings from our investment in the AVAIL JV, as well as other expenses related to receivables and liabilities that were retained following the sale of the AIS business.
(2)			For the six months ended August 31, 2025, the AZZ Metal Coatings segment includes restructuring charges of $3.8 million. See Note 17.
(3)			Includes stock-based compensation expense recognized during the six months ended August 31, 2025 upon the adoption of the Executive Retiree LTI Program of $2.2 million, of which $0.4 million and $1.8 million are included in the AZZ Metal Coatings segment and the Corporate segment, respectively. See Note 15.
(4)			On May 14, 2026, AVAIL completed the sale of Rig-A-Lite. The three months ended August 31, 2026 include $7.9 million from the sale of Rig-A-Lite, partially offset by a $1.3 million decrease to a previously recognized gain on the sale of AVAIL's WSI business. The six months ended August 31, 2026 include $7.9 million, which represents the gain related to the sale of Rig-A-Lite. During the first quarter of fiscal 2026, AVAIL completed the sale of the EPG. The three and six months ended August 31, 2025 include $61.6 million and $227.5 million, respectively, which represent the gain related to the sale of the EPG, partially offset by an impairment loss on the AVAIL JV and an adjustment related to a change in AVAIL's transfer pricing policy. For additional information about the AVAIL JV, see Note 8.
(5)			For the three and six months ended August 31, 2026, the Corporate segment includes $2.8 million of acquisition costs related to the Seattle Galvanizing acquisition. See Note 2.


	As of
	August 31, 2026		February 28, 2026
Raw materials	$	131,879	$	111,483
Work in process	728		733
Finished goods	1,411		1,197
Total inventories	$	134,018	$	113,413


	Three Months Ended August 31,				Six Months Ended August 31,
	2026		2025		2026		2025
Sales:
Construction	$	284,087	$	245,948	$	542,089	$	494,365
Industrial	51,741		37,060		92,331		74,730
Infrastructure	58,974		55,038		114,944		111,481
Transportation	27,799		26,695		55,191		54,433
HVAC & Appliances	22,011		24,529		44,783		47,870
Container	22,823		9,035		43,599		16,081
Other(1)	19,457		18,970		42,485		40,277
Total sales	$	486,892	$	417,275	$	935,422	$	839,237


	Three Months Ended August 31,				Six Months Ended August 31,
Depreciation and amortization	2026		2025		2026		2025
Metal Coatings	$	7,472	$	6,830	$	14,738	$	13,490
Precoat Metals	10,487		9,424		20,709		18,546

Total reportable segment depreciation and amortization	17,959		16,254		35,447		32,036
Corporate	6,209		6,118		12,240		12,163
Consolidated depreciation and amortization	$	24,168	$	22,372	$	47,687	$	44,199


	As of
Long-lived assets	August 31, 2026		February 28, 2026
United States	$	686,934	$	647,182
Canada	20,951		21,687

Total	$	707,885	$	668,869


	As of
Segment assets(1)	August 31, 2026		February 28, 2026
Metal Coatings(2)	$	724,758	$	604,107
Precoat Metals(3)	1,584,248		1,562,994
Infrastructure Solutions - Investment in Joint Venture	11,464		19,960
Total reportable segment assets	2,320,470		2,187,061
Corporate	17,488		26,413
Consolidated assets	$	2,337,958	$	2,213,474



(1)			Segment assets include identifiable intangible assets associated with each reportable segment. The related amortization expense for intangible assets is not allocated to the segments.
(2)			Identifiable intangible assets related to the AZZ Metal Coatings of $52.5 million and $35.0 million, net of accumulated amortization, as of August 31, 2026 and February 28, 2026, respectively, are included in segment assets. The associated amortization expense is not allocated to the segment.
(3)			Identifiable intangible assets related to the AZZ Precoat Metals of $365.5 million and $374.8 million, net of accumulated amortization, as of August 31, 2026 and February 28, 2026, respectively, are included in segment assets. The associated amortization expense is not allocated to the segment.


Summarized Balance Sheet(1)
	As of
	August 31, 2026		February 28, 2026
Current assets	$	179,876	$	225,298
Long-term assets	15,810		19,330
Total assets	$	195,686	$	244,628

Current liabilities	$	52,251	$	59,724
Long-term liabilities	10,982		12,732
Total liabilities	63,233		72,456
Total partners' capital	132,453		172,172
Total liabilities and partners' capital	$	195,686	$	244,628


Summarized Operating Data(1)
	Three Months Ended August 31,				Six Months Ended August 31,
	2026(2)		2025		2026(2)		2025
Sales	$	3,272	$	43,463	$	10,744	$	211,703
Gross profit	$	960	$	7,328	$	3,599	$	52,453
Income before income taxes	$	16,521	$	693,712	$	18,146	$	711,186
Net income(3)	$	16,472	$	693,133	$	17,929	$	710,757



(1)			We report our equity in earnings on a one-month lag basis; therefore, amounts in the summarized financials above are as of and for the three and six months ended July 31, 2026 and 2025 and as of January 31, 2026.
(2)			Amounts in the table above exclude certain adjustments made by us to record equity in earnings of the AVAIL JV under U.S. GAAP for public companies, primarily to reverse the amortization of goodwill. The three and six months ended August 31, 2026 reflects operations from AVAIL's Rig-A-Lite business and WSI Brazil business.
(3)			AVAIL's net income for the three and six months ended August 31, 2026 includes a net gain of $25.7 million on the sale of the Rig-A-Lite business. Our proportionate share of this gain includes adjustments for the prior reversal of goodwill amortization related to the Rig-A-Lite business.


	Carrying Value as of August 31, 2026		Fair Value Measurements Using						Carrying Value as of February 28, 2026		Fair Value Measurements Using
			Level 1		Level 2		Level 3				Level 1		Level 2		Level 3
Assets
Interest Rate Swap Agreement	$	641	$	—	$	641	$	—	$	—	$	—	$	—	$	—
Total Assets	$	641							$	—
Liabilities
Interest Rate Swap Agreement	$	—	$	—	$	—	$	—	$	1,847	$	—	$	1,847	$	—
Total Liabilities	$	—							$	1,847


Fiscal year:	Operating Leases		Finance Leases		Total
2027	$	4,503	$	3,325	$	7,828
2028	7,763		6,596		14,359
2029	6,942		6,409		13,351
2030	4,841		34,735		39,576
2031	3,916		1,792		5,708
2032	3,139		226		3,365
Thereafter	41,623		38		41,661
Total lease payments	72,727		53,121		125,848
Less imputed interest	(26,462)		(7,471)		(33,933)
Total	$	46,265	$	45,650	$	91,915


	Three Months Ended August 31, 2026
	Foreign Currency Translation Loss		Foreign Currency Translation Gain (Loss) for Unconsolidated Subsidiary		Net Actuarial Gain		Interest Rate Swap		Total
Balance as of beginning of period	$	(8,341)	$	(710)	$	1,207	$	18	$	(7,826)
Other comprehensive income (loss) before reclassification	(172)		1,104		—		414		1,346
Amounts reclassified from AOCI(1)	—		—		—		52		52
Net change in AOCI	(172)		1,104		—		466		1,398
Balance as of end of period	$	(8,513)	$	394	$	1,207	$	484	$	(6,428)



(1)			The AZZ Infrastructure Solutions segment includes the equity in earnings from our investment in the AVAIL JV, as well as other expenses related to receivables and liabilities that were retained following the sale of the AIS business.
(2)			Interest expense and Income tax expense are included in the Corporate segment as these items are not allocated to the segments.
(3)			On May 14, 2026, AVAIL completed the sale of Rig-A-Lite. The three months ended August 31, 2026 includes $7.9 million, which represents the gain related to the sale of Rig-A-Lite. During the first quarter of fiscal 2026, AVAIL completed the sale of the Electrical Products Group. The three months ended August 31, 2025 includes $61.6 million, which represents the gain related to the sale of the EPG, partially offset by an impairment loss on the AVAIL JV and an adjustment related to a change in AVAIL's transfer pricing policy. For additional information about the AVAIL JV, see "Item 1. Financial Statements—Note 8."


	Trailing Twelve Months Ended
	August 31, 2026		February 28, 2026

Gross debt	$	500,000	$	515,000
Less: Cash per bank statement	(6,800)		(13,227)
Add: Finance lease liability	45,650		13,746
Consolidated indebtedness	$	538,850	$	515,519

Net income	$	167,463	$	317,260
Depreciation and amortization	93,543		90,056
Interest expense	45,493		55,650
Income tax expense	58,495		103,055

EBITDA	$	364,994	$	566,021














Cash items(8)	8,200		5,426

Non-cash items(9)	14,057		14,832


Equity in earnings, net of distributions	15,836		(209,733)
Adjusted EBITDA per Credit Agreement	$	403,087	$	376,546

Net leverage ratio	1.3x		1.4x



(1)			Earnings per share amounts included in the "Adjusted Net Income and Adjusted Earnings Per Share" table above may not sum due to rounding differences.
(2)			The six months ended August 31, 2025 includes restructuring charges related to the closure of two surface technology facilities in our AZZ Metal Coatings segment. See "Item 1. Financial Statements—Note 17."
(3)			The three and six months ended August 31, 2026 include expenses related to the Seattle Galvanizing acquisition. For further information about the Seattle Galvanizing acquisition, see "Item 1. Financial Statements—Note 2."
(4)			During the six months ended August 31, 2025, we recognized additional stock-based compensation expense of $2.2 million upon the adoption of the Executive Retiree Long-term Incentive Program. For further information regarding the adoption of the ERP, see "Item 1. Financial Statements—Note 15."
(5)			On May 14, 2026, AVAIL completed the sale of Rig-A-Lite. The three months ended August 31, 2026 include $7.9 million from the sale of Rig-A-Lite, partially offset by a $1.3 million decrease to a previously recognized gain on the sale of AVAIL's WSI business. The six months ended August 31, 2026 include $7.9 million, which represents the gain related to the sale of Rig-A-Lite. During the first quarter of fiscal 2026, AVAIL completed the sale of the EPG. The three and six months ended August 31, 2025 include $61.6 million and $227.5 million, respectively, which represent the gain related to the sale of the EPG, partially offset by an impairment loss on the AVAIL JV and an adjustment related to a change in AVAIL's transfer pricing policy. For additional information about the AVAIL JV, see Note 8.
(6)			The write-off of $0.6 million of unamortized debt financing costs relates to the refinancing of our Revolving Credit Facility on May 7, 2026, which resulted in a partial extinguishment at the lender level. For further information, see "Item 1. Financial Statements—Note 10."
(7)			For the three and six months ended August 31, 2026, the tax impact includes a non-GAAP effective tax rate of 24.0% for amortization of intangible assets, acquisition costs, and the write-off of debt financing costs, and non-GAAP effective tax rates of 25.9% and 25.6%, respectively, for the AVAIL JV equity in earnings adjustment. For the three and six months ended August 31, 2025, the non-GAAP effective tax rate is estimated at 24.0%.
(8)			Cash items include certain legal settlements, retirement and other severance expenses, restructuring charges associated with the AZZ Metal Coatings segment, acquisition costs, and other accruals.
(9)			Non-cash items include stock-based compensation expense.



3.1						Amended and Restated Bylaws dated April 24, 2023 (incorporated by reference to Exhibit 3.1 to the Company's Annual Report on Form 10-K filed with the SEC on April 25, 2023.)

3.2						Amended and Restated Certificate of Formation (with Certificate of Correction dated May 15, 2023) (incorporated by reference to Exhibit 3.1 to the Company's Quarterly Report on Form 10-Q filed with the SEC on October 10, 2023.)

31.1+						Certification of Chief Executive Officer pursuant to Rules 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

31.2+						Certification of Chief Financial Officer pursuant to Rules 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

32.1++						Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

32.2++						Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

101.INS+						Inline XBRL Instance Document - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.

101.SCH+						Inline XBRL Taxonomy Extension Schema Document

101.CAL+						Inline XBRL Taxonomy Extension Calculation Linkbase Document

101.DEF+						Inline XBRL Taxonomy Extension Definition Linkbase Document

101.LAB+						Inline XBRL Taxonomy Extension Label Linkbase Document

101.PRE+						Inline XBRL Taxonomy Extension Presentation Linkbase Document

104						Cover Page Interactive Date File (embedded with the Inline XBRL document).


Dated:	October 13, 2026	/s/ Thomas E. Ferguson
		Thomas E. Ferguson
		President and Chief Executive Officer


Dated:	October 13, 2026	/s/ Jason Crawford
		Jason Crawford Senior Vice President, Chief Financial Officer and Principal Accounting Officer