Financial Performance - Total revenue for the three months ended November 30, 2025, was $706.1 million, a decrease of 19.3% compared to $875.9 million for the same period in 2024[16] - Manufacturing revenue decreased to $657.0 million from $830.9 million, reflecting a decline of 20.8% year-over-year[16] - Net earnings attributable to Greenbrier for the three months ended November 30, 2025, were $36.4 million, down 34.2% from $55.3 million in the prior year[16] - Basic earnings per common share decreased to $1.18 from $1.77, representing a decline of 33.3% year-over-year[16] - For the three months ended November 30, 2025, net earnings were $37.3 million, a decrease of 36.9% compared to $59.1 million in the same period of 2024[21] - Total revenue for the three months ended November 30, 2025, was $706.1 million, down 19.3% from $875.9 million in the prior year[33] - Railcar sales revenue decreased to $566.6 million from $728.0 million, representing a decline of 22.1% year-over-year[33] - Segment earnings from operations for Manufacturing were $48.6 million in Q4 2025, down from $121.6 million in Q4 2024, representing a decline of 60%[67] - Revenue for the three months ended November 30, 2025, decreased by $169.8 million or 19.4% compared to the same period in 2024, primarily due to a 26.8% decrease in deliveries and a change in railcar manufacturing product mix[104] - Manufacturing segment revenue decreased by $173.9 million or 20.9% for the three months ended November 30, 2025, primarily due to a 26.8% decrease in deliveries[107] - Leasing & Fleet Management segment revenue increased by $4.1 million or 9.1% for the three months ended November 30, 2025, attributed to a $4.9 million increase in rents from growth of the lease fleet[113] Assets and Liabilities - Total assets as of November 30, 2025, were $4,295.6 million, a decrease from $4,360.6 million as of August 31, 2025[15] - Accounts payable and accrued liabilities decreased to $577.5 million from $651.7 million, a reduction of 11.3%[15] - Total debt, net as of November 30, 2025, was $1,766.2 million, an increase from $1,750.9 million as of August 31, 2025[43] - Recourse debt totaled $794.8 million as of November 30, 2025, up from $771.2 million at the end of August 2025[43] - Non-recourse debt was $971.4 million as of November 30, 2025, slightly down from $979.7 million as of August 31, 2025[43] - The company had $435.2 million available for borrowing under its North American revolving credit facility as of November 30, 2025[44] - The European credit facilities had $14.2 million available for borrowing as of November 30, 2025[46] - The Mexican credit facilities had $86.0 million available for borrowing as of November 30, 2025[47] - Contract liabilities decreased to $22.3 million from $40.1 million, a reduction of 44.5%[34] Cash Flow and Investments - Cash and cash equivalents increased to $361.8 million from $306.1 million, an increase of 18.2%[15] - Operating cash flows provided $76.2 million, a significant improvement compared to cash used in operating activities of $(65.1) million in the prior year[21] - The company reported a net cash used in investing activities of $(15.0) million, compared to $(53.7) million in the same period last year[21] - Net cash provided by operating activities for the three months ended November 30, 2025, was $76.2 million, a significant increase from a cash outflow of $65.1 million in the same period of 2024[130] - Total capital expenditures (net of proceeds) for the three months ended November 30, 2025, were $15.0 million, a decrease from $58.5 million in the same period of 2024[133] - Gross capital expenditures for 2026 are expected to be approximately $205 million for Leasing & Fleet Management and $80 million for Manufacturing[134] Shareholder Actions - The company declared cash dividends of $0.32 per share during the period[20] - The company repurchased 303 thousand shares for $12.9 million during the three months ended November 30, 2025, with $64.9 million remaining under the share repurchase program[28] - The Board of Directors has authorized a share repurchase program of up to $100.0 million, extended to January 31, 2027[137] - The Board of Directors has authorized a share repurchase program, extending it to January 31, 2027, with $64.9 million remaining for repurchase as of November 30, 2025[172] - During the three months ended November 30, 2025, the company repurchased 303 thousand shares at an average price of $42.55 per share[172] Operational Highlights - The company reported a comprehensive income of $38.6 million for the three months ended November 30, 2025, compared to $51.5 million in the same period of 2024[17] - The company incurred total lease obligations of $81.2 million as of November 30, 2025, after accounting for imputed interest[73] - Capital expenditures for the Manufacturing segment were $20.7 million in Q4 2025, significantly down from $57.9 million in Q4 2024[69] - The company reported a net loss on disposition of equipment of $17.8 million in the Leasing & Fleet Management segment for the three months ended November 30, 2025[67] - Net gain on disposition of equipment was $17.7 million for the three months ended November 30, 2025, compared to $0.2 million for the prior comparable period, attributed to higher sales of assets from the lease fleet[120] - Earnings from operations for the Manufacturing segment decreased by $73.0 million for the three months ended November 30, 2025, primarily due to a 26.8% decrease in deliveries[110] - Earnings from operations for the Leasing & Fleet Management segment increased by $22.1 million for the three months ended November 30, 2025, primarily due to a $17.6 million increase in net gain on disposition of equipment[116] Tax and Compliance - Income tax expense for the three months ended November 30, 2025, was $12.3 million on pre-tax income of $45.6 million, resulting in an effective tax rate of 27.0%[122] - The company recognizes tax benefits from uncertain tax positions only when it is more likely than not that the position will be sustained upon examination by tax authorities[157] - The annual tax rate is influenced by statutory tax rates and tax planning opportunities across various jurisdictions, with potential impacts from foreign earnings taxation[158] - There have been no changes in internal control over financial reporting that materially affected the company's controls during the quarter ended November 30, 2025[167] Legal and Environmental Matters - The estimated undiscounted cost for the EPA's cleanup remedy at the Portland Harbor Superfund Site is $1.7 billion, expected to take 13 years of active remediation followed by 30 years of monitoring[76] - The Company's aggregate expenditure related to the Portland Harbor Superfund Site investigation over a 17-year period was not material, with costs exceeding $110 million incurred by the Lower Willamette Group[75] - The Company is involved in ongoing litigation related to the Portland Harbor Superfund Site, with potential liabilities still being assessed[84] - The Company has signed a Voluntary Cleanup Agreement with the Oregon DEQ to investigate potential hazardous substance releases at the Portland Property[83] - The Company believes it did not materially contribute to contaminants of concern at the Portland Harbor Superfund Site, and its liability remains uncertain pending ongoing investigations[81] - The Company is participating in a non-judicial allocation process with approximately 100 parties to determine costs associated with the remediation of the Portland Harbor Superfund Site[77] Strategic Initiatives - The Company is executing a strategic plan focused on increasing recurring revenue and expanding gross margin, despite macroeconomic uncertainties[93] - The company expects proceeds from sales of assets to be approximately $165 million for 2026[133] Currency and Interest Rate Management - The company utilized foreign exchange contracts with notional amounts aggregating to $369.9 million to hedge against market risks from changes in foreign currency exchange rates[55] - A 10% strengthening of the U.S. Dollar relative to foreign currencies would decrease equity by $14.7 million, representing 1.0% of total equity[164] - The company has converted $680.6 million of variable rate debt to fixed rate debt through interest rate swap agreements, with 85% of outstanding debt at fixed rates[165] - A uniform increase of 10% in variable interest rates would result in approximately $1.0 million of additional annual interest expense[165]

Financial Performance - Revenue for the three months ended November 29, 2025, decreased by $27.9 million, or 19.2%, to $117.7 million compared to $145.6 million for the same period in 2024[159]. - On a same-day constant currency basis, revenue decreased by $26.8 million, or 18.4%[159]. - Total consolidated revenue for the six months ended November 29, 2025, was $237.961 million, down from $282.553 million in the same period of 2024[158]. - Revenue decreased by $44.6 million, or 15.8%, to $238.0 million for the six months ended November 29, 2025, compared to $282.6 million for the same period in 2024[161]. - Consulting segment revenue declined by $18.0 million or 29.7% to $42.6 million in Q2 FY2026 compared to $60.6 million in Q2 FY2025, driven by a 33.8% decrease in billable hours[185]. - For the six months ended November 29, 2025, Consulting segment revenue decreased by $29.4 million or 25.4% to $86.3 million compared to $115.7 million for the same period in the prior year[186]. Cost and Expenses - The company expects an annual reduction in SG&A expenses ranging from $6.0 million to $8.0 million due to workforce reductions[140]. - SG&A expenses increased by $2.1 million to $102.3 million, or 43.0% of revenue, for the six months ended November 29, 2025, compared to 35.5% of revenue for the same period in 2024[168]. - Cost of services for the three months ended November 29, 2025, was $74.026 million, accounting for 62.9% of revenue[158]. - Cost of services decreased by $29.7 million, or 16.8%, to $146.8 million for the six months ended November 29, 2025, compared to $176.5 million for the same period in 2024[165]. Profitability and Loss - The net loss for the three months ended November 29, 2025, was $12.661 million, representing a net loss margin of 10.8%[155]. - The company incurred a net loss of $15.1 million during the six months ended November 29, 2025[217]. - Adjusted EBITDA for the three months ended November 29, 2025, was $4.045 million, with an adjusted EBITDA margin of 3.4%[155]. - Adjusted EBITDA for the On-Demand Talent segment was $4.066 million for the three months ended November 29, 2025, down from $5.605 million for the same period in 2024[181]. - Adjusted EBITDA for the Consulting segment decreased by $5.2 million or 54.2% to $4.5 million in Q2 FY2026 compared to $9.7 million in Q2 FY2025[197]. Operational Metrics - Billable hours decreased by 18.4% year-over-year, indicating a need for improved go-to-market execution[159]. - The number of agile consultants on assignment decreased to 2,288 in the second quarter of fiscal 2026 from 2,758 in the second quarter of fiscal 2025[164]. - The average number of salaried consultants decreased to 400 in the second quarter of fiscal 2026 from 527 in the second quarter of fiscal 2025[164]. - Billable hours decreased by 16.4%, while the average bill rate increased by 0.4% for the six months ended November 29, 2025[161]. Strategic Initiatives - The fiscal 2026 strategic focus includes expanding cross-sell opportunities through diversified services, scaling high-value consulting solutions, and improving cost structure[136]. - The company aims to leverage value-based pricing to enhance profitability, particularly in the consulting business[141]. - Management anticipates that the transformation efforts will continue throughout fiscal 2026, with evolving scope and impact[143]. - The company is focused on integrating Reference Point's consulting capabilities to form a more cohesive consulting segment[143]. - The appointment of Roger Carlile as CEO is part of a leadership transition aimed at ensuring continuity and strategic direction[142]. Cash and Liquidity - The Company had $89.8 million in cash and cash equivalents as of November 29, 2025, including $40.6 million held in international operations[205]. - As of November 29, 2025, the company had approximately $89.8 million of cash and cash equivalents and no borrowings under its 2025 Credit Facility[222]. - Operating activities for the first six months of fiscal 2026 provided cash of $8.1 million, a significant increase from $1.5 million in the same period of fiscal 2025[216]. - The net cash used in investing activities was $0.4 million for the first six months of fiscal 2026, compared to $12.7 million in the same period of fiscal 2025[219]. - Net cash used in financing activities was $3.9 million for the first six months of fiscal 2026, down from $17.4 million in the first six months of fiscal 2025[220]. Market Conditions - Uncertain macroeconomic conditions have created significant volatility, adversely impacting financial results and client spending in professional services[145]. - Approximately 20.5% of the company's revenues for the six months ended November 29, 2025, were generated outside of the U.S., up from 18.2% in the same period of the previous year[224]. - A 10% decline in interest rates would reduce the company's interest income but would not materially impact its consolidated financial position[222]. - Approximately 54.8% of the company's cash and cash equivalents as of November 29, 2025, were denominated in U.S. dollars, down from 59.2% as of May 31, 2025[225].

Acquisitions and Capital Markets - Postal Realty Trust, Inc. provided an update on acquisitions, re-leasing, and capital markets activity for Q4 2025[4] Portfolio and Financial Status - The company reported its portfolio and balance sheet status, including fully diluted shares outstanding at year-end 2025[4] Financial Results Announcement - A press release detailing the company's financial results and activities was issued on January 8, 2026[4]

EXHIBIT 99.1 Tilray Brands Delivers Record Q2 Fiscal 2026 Net Revenue of $218 Million, Moves to Net Cash Position and Reaffirms Full-Year Adjusted EBITDA Guidance International Medical Cannabis Revenue Increases 36%; Canadian Adult-Use Cannabis Revenue Grows 6% Tilray Pharma Achieves Record Quarterly Revenue U.S. Federal Cannabis Rescheduling Expected to Unlock New Market Opportunity for Tilray Medical Expansion into the U.S. Strong Financial Position with $292 Million in Cash and Marketable Securities and ...

Financial Performance - Q1 diluted EPS was $1.14, with net earnings attributable to Greenbrier of $36 million[5] - Revenue for Q1 was $706.1 million, down from $759.5 million in Q4 FY25, primarily due to fewer deliveries as planned[8] - Aggregate gross margin for Q1 was $103.3 million, representing 14.6% of revenue, compared to 18.9% in Q4 FY25[8] - Net earnings for the three months ended November 30, 2025, were $37.3 million, a decrease of 36.9% compared to $59.1 million in the same period of 2024[19] - Total revenue for the first quarter of 2025 was $875.9 million, up from $762.1 million in the previous quarter, representing a 14.9% increase[25] - Core EBITDA for the same period was $97.6 million, down from $114.8 million in the prior quarter, reflecting a decline of approximately 15%[30] - Core net earnings attributable to Greenbrier were $36.4 million for the quarter, compared to $40.2 million in the previous quarter, indicating a decrease of about 9.5%[32] - Diluted earnings per share (EPS) for the quarter was $1.14, down from $1.26 in the previous quarter, representing a decline of approximately 9.5%[33] Orders and Deliveries - New railcar orders totaled 3,700 units valued at $550 million, with deliveries of 4,400 units, resulting in a backlog of 16,300 units worth an estimated $2.2 billion[5] - The backlog at the end of November 2025 was 16,300 units, down from 16,600 units at the beginning of the period, with 3,700 new orders received[29] - Total deliveries for the period included 3,400 railcars sold directly to third parties and 1,000 leased railcars for syndication, totaling 4,400 deliveries[29] Cash Flow and Capital Expenditures - Operating cash flow for Q1 was $76 million, supporting liquidity and balance sheet strength[5] - Capital expenditures for fiscal 2026 are projected at $285 million, with net capital expenditures of $120 million after equipment sales proceeds of $165 million[6] - The total cash used in investing activities for the quarter was $15.0 million, compared to $53.7 million in the previous quarter[19] - The company’s cash and cash equivalents increased to $375.4 million at the end of the period, up from $312.9 million at the end of the previous year[19] Dividends and Shareholder Returns - The board approved a quarterly dividend of $0.32 per share, marking Greenbrier's 47th consecutive quarterly dividend[5] Debt and Financial Position - Total consolidated debt as of November 30, 2025, was $1,766.2 million, an increase from $1,750.9 million at the end of the previous quarter[34] - The company’s total leasing non-recourse debt was $978.2 million, a decrease from $986.7 million in the previous quarter[23] - Basic shares outstanding increased to 30,953 thousand from 30,880 thousand in the prior quarter, while diluted weighted average shares outstanding remained relatively stable at 31,865 thousand[31] Risks and Future Outlook - The company expects deliveries of 17,500 to 20,500 units and revenue guidance of $2.7 billion to $3.2 billion for fiscal 2026[6] - The company highlighted that certain orders in backlog are subject to customary documentation, which may not occur, indicating potential risks to future performance[35] - The company faces risks including economic downturns, changes in tariffs, and geopolitical unrest, which could impact future performance[35] - Greenbrier's financial metrics such as Core EBITDA and Core net earnings are not GAAP measures and may differ from similar metrics used by other companies, emphasizing the need for careful interpretation[36][37]

Sales Performance - Total sales for Q4 2025 were $7.6 million, a 1.6% decline from Q4 2024 sales of $7.8 million[4] - Total sales for the full year 2025 were $27.6 million, a 4.3% increase compared to 2024 sales of $26.5 million[4] - Domestic sales in 2025 were $24.4 million, a 6.5% increase from 2024[6] - International sales in 2025 were $3.3 million, a 9.6% decline compared to 2024[6] - Tri-Shield® sales reached $19.9 million in 2025, a 26.5% increase from 2024[6] - Dual-Force® and other sales were $7.7 million in 2025, a 28.2% decline compared to 2024[6] Financial Adjustments - The company plans to record a $2.9 million non-cash impairment write-down related to Re-Tain® during Q4 2025[4] Operational Improvements - Manufacturing improvements increased output of the lyophilization process by over 15% year-over-year in 2025[5] Strategic Initiatives - The company is expanding its sales force by 50% by creating two new domestic territories and hiring an international business development executive[8] - The company intends to focus on commercial expansion and scalable manufacturing capacity to support growth in the First Defense® product line[8]

Financial Performance - Consolidated net sales increased by $0.9 million, or 1%, to $154.4 million compared to the same period last year, with a $4.2 million unfavorable impact from sales volume decreases [99]. - Consolidated net income decreased by $1.5 million, or 8%, with diluted earnings per share at $1.28 compared to $1.39 in the prior year [99]. - On a constant currency basis, net sales would have decreased by $2.4 million, or 2%, from the prior year [99]. - Net income decreased 8% to $17.5 million, or $1.28 per share, with a constant currency basis showing an 11% decrease [134]. - Adjusted EBITDA as a percentage of net sales decreased from 18% to 17% [140]. Segment Performance - Net sales in the Americas segment increased by $2.4 million, or 4%, driven by a $1.7 million increase in WD-40 Multi-Use Product sales [101]. - WD-40 Specialist sales grew by $3.4 million, or 18%, primarily due to increased online retail sales and new distribution [100]. - Homecare and cleaning product sales decreased by $2.5 million, or 31%, primarily due to the sale of the HCCP business in EIMEA [100]. - The EIMEA segment accounted for 38% of consolidated sales, with a favorable impact of $3.4 million from foreign currency exchange rates [99]. - EIMEA segment net sales increased by $1,192, or 2%, to $58,675, with WD-40 Specialist sales rising by 27% to $9,933 [106]. - In the Asia-Pacific segment, total net sales decreased by $2,701, or 10%, to $23,875, primarily due to a 12% decline in WD-40 Multi-Use Product sales [112]. Profitability and Expenses - Gross profit as a percentage of net sales rose to 56.2% from 54.8% in the prior year [99]. - Gross profit for the three months ended November 30, 2025, increased by $2,745 to $86,832, with gross margin improving by 140 basis points to 56.2% [117]. - Selling, General and Administrative (SG&A) expenses rose by $4,811, or 10%, to $55,336, representing 35.8% of net sales [120]. - Income from operations in the Americas segment increased by $2,387, or 19%, to $15,039, while EIMEA segment income decreased by $1,207, or 9% [127]. - Americas operating income increased to $15.0 million, up $2.4 million, or 19%, with gross margin rising from 50.4% to 53.3% [128]. - EIMEA operating income decreased to $12.5 million, down $1.2 million, or 9%, with gross margin increasing from 57.8% to 58.7% [129]. - Asia-Pacific operating income decreased to $8.0 million, down $2.2 million, or 22%, with gross margin decreasing from 59.6% to 58.9% [130]. - Total operating expenses increased to $63.6 million, with cost of doing business as a percentage of net sales rising to 40% [139]. Cash Flow and Shareholder Returns - Approximately $20.6 million was returned to stockholders through share repurchases and dividends during the quarter [99]. - The company had $48.6 million in cash and cash equivalents as of November 30, 2025, indicating strong liquidity [144]. - The Board approved an extension of the share repurchase plan, allowing for up to $50.0 million in buybacks, with $21.8 million remaining available [146]. - Net cash used in financing activities increased by $14.6 million to $18.7 million for the three months ended November 30, 2025, primarily due to net proceeds of $4.5 million on the revolving credit facility [152]. - A cash dividend of $1.02 per share was declared on December 10, 2025, payable on January 30, 2026, to stockholders of record at the close of business on January 16, 2026 [156]. Other Information - Research and development costs remained stable at $1.9 million for both the three months ended November 30, 2025, and 2024, focusing on sustainability and product innovation [122]. - Advertising and Sales Promotion (A&P) expenses decreased by $204, or 2%, to $8,189, with total promotional costs recorded as a reduction to sales at $9.0 million [123][125]. - The company experienced a currency impact of $3.2 million favorably affecting net sales in the Asia-Pacific segment [113]. - The decrease in sales volume in the EIMEA segment was attributed to the sale of the homecare and cleaning product businesses, which will not be included in fiscal year 2026 results [108]. - The company reported a decrease in average selling price by $0.2 million and a decrease in sales volume due to the sale of HCCP by $1.6 million in the EIMEA segment [107]. - Unallocated corporate expenses increased to $12.2 million, up $0.8 million, or 7%, primarily due to higher employee-related costs [131]. - There have been no material changes in critical accounting estimates from those disclosed in the previous fiscal year [159]. - Information on recently issued accounting standards that could impact consolidated financial statements is referenced in the report [160].

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended November 30, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission File Number: 001-41830 https://files.reportify.cc/media/production/WSd7e8163b2 WORTHINGTON STEEL, I ...

OR Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended November 30, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-13419 Lindsay Corporation (Exact name of registrant as specified in its charter) Delaware 47-0554096 (State or other jurisdiction of incorporat ...

FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 8, 2026 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 OLIN CORPORATION (Exact name of registrant as specified in its charter) (State or Other Jurisdiction of Virginia 1-1070 13-1872319 (Commission File Number) (IRS Employer Identification No.) 190 Carondelet Plaza, Suite 1530 Clayton, MO 63105 (Address of principal executive office ...