Groupe LAR Acquisition
The acquisition of Groupe LAR was finalized on September 18, 2025, contributing $6.2 million to revenues, $0.5 million to adjusted EBITDA, and $0.2 million to net income for the quarter.
Increased Order Backlog
Order backlog increased to $497.1 million as of October 31, 2025, up from $330.3 million a year earlier and $293.1 million on January 31, 2025.
Improved Diversification
The U.S. content of the consolidated backlog decreased from 95% on January 31, 2025, to 43% on October 31, 2025, indicating improved diversification.