Reports Q1 revenue $46.75M, consensus $48.84M. “The first quarter of fiscal 2026 was highlighted by continued sales revenue growth of 29%, led by a 100% increase in Fire Services revenue and ongoing momentum from our recent acquisitions,” said Jim Jenkins, president, CEO and executive chairman. “Robust growth in our U.S. Fire Services Segment – both organic and acquisition-driven – was partially offset by softness in Latin America and Canada, where margins are typically above our corporate average. While first quarter revenue approached internal expectations, shortfalls in Latin America, due mainly to shipment timing, and in Canada, largely due to tariff-related delays, impacted results. Our outlook for Latin America and Canada remains positive, and we believe that once uncertainty surrounding tariffs subsides, momentum in these markets will rebound. To that end, we continue to focus on expanding opportunities in Latin America and expect a resumption of growth in FY26. Additional factors affecting revenue included tariff uncertainty and currency issues, as well as Pacific Helmets resulting from production issues and updates to product offerings. We continue to believe that a significant Jolly fire boots order-originally anticipated for shipment in Q2 of FY25-is still likely to materialize. While timing remains subject to the Italian Government’s final procurement steps, we remain encouraged by ongoing engagement and the customer’s reaffirmed intent to proceed.”
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