Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 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: 001-42935 Elauwit Connection, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction o ...

Revenue Performance - Revenue for the third quarter of fiscal 2026 was $39.2 million, a 3.1% decrease compared to $40.4 million in the prior year[139]. - Domestic revenue for the third quarter was $24.1 million, reflecting a 2.4% increase from $23.5 million in the prior year, while international revenue decreased by 10.7% to $15.1 million[139]. - Revenue for the first nine months of fiscal 2026 was $113.0 million, a 0.8% decrease from $113.9 million in the prior year[148]. - Hardware revenue for the first nine months increased by 6.4% to $34.9 million, driven by a 15.3% increase in the Product ID segment[149]. - Supplies revenue for the first nine months decreased by 1.2% to $61.1 million, with declines in both Product ID and Aerospace segments[150]. - Revenue from the Product ID segment increased by $1.2 million or 1.6% to $77.9 million in the first nine months of the current year compared to $76.7 million in the prior year[160]. - Aerospace segment revenue for the first nine months was $35.1 million, a decrease from $37.3 million in the prior year[156]. Profitability - Gross profit for the third quarter was $14.2 million, a 3.5% increase from $13.7 million in the prior year, with a gross profit margin of 36.2%[143]. - Gross profit for the first nine months was $38.5 million, a 3.8% decrease from $40.0 million in the prior year, with a gross profit margin of 34.1%[152]. - The Product ID segment recognized an operating income of $6.6 million, reflecting a profit margin of 8.5%, down from $7.2 million and a margin of 9.4% in the prior year[160]. - Aerospace segment operating profit increased to $9.7 million from $8.8 million[156]. - Net income for the third quarter was $0.4 million, or $(0.05) per diluted share, impacted by restructuring and legal fees totaling $0.7 million[147]. - The company reported a net loss of $1.2 million, or $0.16 per diluted share, for the first nine months of the current year, impacted by various non-recurring costs related to the MTEX acquisition[155]. Operating Expenses - Operating expenses for the current quarter were $12.9 million, a 3.7% increase from $12.5 million in the prior year, including $0.3 million in goodwill impairment charges[144]. - Operating expenses for the first nine months of the current fiscal year were $37.3 million, a 2.7% increase from $36.3 million in the prior year[153]. - Selling and marketing expenses decreased by 11.8% to $16.9 million compared to $19.1 million in the previous year, with a 14.7% decrease when excluding certain non-recurring costs[153]. - G&A expenses increased by 22.7% to $15.1 million from $12.3 million in the prior year, primarily due to increased employee benefits and insurance expenses[153]. - R&D spending was $5.0 million, a 3.3% increase from $4.9 million in the prior year, representing 4.4% of revenue compared to 4.3% in the previous year[153]. Cash Flow and Financial Position - Net cash provided by operating activities was $8.1 million for the first nine months of fiscal 2026, compared to $2.3 million for the same period in the previous year[181]. - Cash position at October 31, 2025 was $3.6 million, down from $5.1 million at year end, primarily due to cash outflows of $8.6 million for long-term debt and capital expenditures[183]. - The remaining balance for the MTEX Term Loan was EUR 1.4 million ($1.6 million) as of October 31, 2025[178]. - Accounts receivable balance decreased to $20.4 million at the end of Q3 FY 2026 from $21.2 million at year end[182]. - Inventory balance decreased to $45.1 million at the end of Q3 FY 2026 from $47.9 million at year end, reflecting a strategic decision to reduce advance purchasing[182]. - Cash outflows included $1.0 million for guaranteed royalty obligations and $0.2 million for capital expenditures[183]. Taxation - The effective tax rate for the first nine months was 28.9%, influenced by various tax expenses and benefits, compared to an effective tax rate of (14.3)% in the prior year[154]. Foreign Currency Exposure - Foreign currency translation exposure primarily relates to subsidiaries with functional currencies in Danish Kroner and Euro[191]. - A hypothetical 10% change in foreign currency rates would result in a net income impact of less than $0.5 million for Q3 FY 2026[191]. - Foreign exchange losses from transactional exposure were less than $0.1 million for the nine months ended October 31, 2025[192]. Acquisition and Integration - The integration of MTEX has been more resource-intensive than anticipated, with ongoing investigations into potential breaches of representations and warranties from the acquisition[157].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended November 1, 2025 or o 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: 001-38747 Daktronics, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 46-0306862 (State or Other Ju ...

Exhibit 99.1 Energy Services of America Reports Fourth Quarter and Full Year Fiscal 2025 Results Fourth Quarter Fiscal 2025 Financial Results Records 16.8% Annual Revenue Increase and Highest Quarterly Revenue in Company History HUNTINGTON, W.Va., December 9, 2025 /PRNewswire/ -- Energy Services of America Corporation (the "Company" or "Energy Services") (Nasdaq: ESOA), today announced its results for its fourth quarter and fiscal year ended September 30, 2025. Fourth Quarter Highlights All comparisons are ...

Financial Performance - Operating profit for Q2 2026 was $22 million, a 36.7% increase year-over-year, with an operating margin of 9.4%[1] - Sales reached $229.3 million, up 10.0% from Q2 2025, marking the third consecutive quarter of revenue growth[5] - New orders for products and services increased to $199.1 million, a 12.1% rise compared to Q2 2025[11] - Net income for Q2 2026 was $17.5 million, down from $21.4 million in Q2 2025, with earnings per diluted share at $0.35 compared to $0.22 a year ago[19] - Gross profit for the six months ended November 1, 2025, was $126.897 million, up 9.8% from $115.561 million for the same period in 2024[35] - Operating income for the three months ended November 1, 2025, increased to $21.563 million, representing a 37.0% rise from $15.770 million in the same quarter of 2024[35] - Net income for the six months ended November 1, 2025, was $33.951 million, compared to $16.460 million for the same period in 2024, reflecting a significant increase of 106.5%[35] - Net income for the three months ended November 1, 2025, was $17,481,000, a decrease from $21,406,000 in the same period in 2024[50] - Adjusted net income for the six months ended November 1, 2025, was $33,951,000, compared to $30,532,000 for the same period in 2024[50] Profitability and Margins - Gross profit margin improved to 27.0% from 26.8% in the previous year, driven by order growth and operational efficiencies[14] - Operating expenses slightly increased to $40.3 million, primarily due to higher tariffs and investments in technology[15] - Daktronics aims for 7-10% CAGR in revenue growth, 10-12% operating margin, and 17-20% ROIC over the next three years[8] Orders and Backlog - Product backlog grew to $320.6 million, up 36% from $236.0 million in Q2 2025[5] - Orders for Live Events increased by 26.5% to $89,228,000 for the three months ended November 1, 2025, compared to $70,524,000 in the prior year[43] - The company reported a decrease in Commercial orders by 5.1%, totaling $42,281,000 for the three months ended November 1, 2025[43] - The company experienced a decline in Transportation sales by 0.9%, with revenues of $21,274,000 for the three months ended November 1, 2025[43] Cash and Assets - Cash, restricted cash, and marketable securities totaled $149.6 million, with a working capital ratio of 2.2 to 1[20] - Total current assets as of November 1, 2025, were $430.230 million, an increase from $381.451 million as of April 26, 2025[37] - Cash and cash equivalents increased to $149.604 million as of November 1, 2025, compared to $127.507 million at the end of the previous fiscal year[37] - The company’s total assets increased to $548.394 million as of November 1, 2025, compared to $502.892 million as of April 26, 2025[39] Liabilities and Debt - Total liabilities as of November 1, 2025, were $250.943 million, up from $230.961 million as of April 26, 2025[39] - Long-term debt net as of November 1, 2025, was $9,799,000, a decrease from $10,487,000 as of April 26, 2025[52] Future Plans - The company plans to open a new facility in Mexico by the end of fiscal 2026 to enhance manufacturing capabilities[8]

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 2, 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: 001-38936 Delaware 90-1020167 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identific ...

Revenue and Income - Revenue for the third quarter of fiscal 2026 was $39.2 million, reflecting an 8.5% sequential growth compared to the previous quarter[4] - Net income was $0.4 million, or $0.05 per diluted share, while non-GAAP net income was $1.5 million, or $0.20 per diluted share[4] - Adjusted EBITDA for the quarter was $4.2 million, representing 10.7% of sales, an increase from the previous quarter[4] - Revenue for the three months ended October 31, 2025, was $39,169,000, a decrease of 3.1% compared to $40,422,000 for the same period in 2024[32] - Net income for the three months ended October 31, 2025, was $378,000, representing a significant increase of 57.3% compared to $240,000 in the same period last year[32] - The company reported a total revenue of $112,979,000 for the nine months ended October 31, 2025, slightly down from $113,922,000 for the same period in 2024[38] Segment Performance - Product Identification (Product ID) segment revenue was $26.8 million, up 2.0% year-over-year and 8.5% sequentially[11] - Aerospace segment revenue decreased by 12.7% to $12.3 million due to atypical orders in the prior-year period[13] - Operating income for the Product ID segment was $1.9 million, with a non-GAAP operating income of $2.9 million, up 50% year-over-year[12] - Segment operating income for Product ID was $1,878,000 with a segment operating margin of 7.0%, while Aerospace segment operating income was $4,531,000 with a margin of 36.8%[38] - The segment gross profit for the Aerospace division was $6,391,000, resulting in a gross profit margin of 51.9% for the three months ended October 31, 2025[58] - Non-GAAP segment gross profit for the Aerospace division was $14,126,000 for the nine months ended October 31, 2025, with a non-GAAP gross profit margin of 40.3%[58] Cash Flow and Debt - The company generated $3.4 million in operating cash during the quarter, totaling $8.1 million year-to-date[15] - Debt was reduced by $3.2 million in the quarter, bringing total debt down to $40.3 million[16] - Cash and cash equivalents decreased to $3,606,000 as of October 31, 2025, down from $5,050,000 at the beginning of the period[34] - The company reported a net cash provided by operating activities of $8,057,000 for the nine months ended October 31, 2025, compared to $2,324,000 in the prior year[36] Guidance and Future Outlook - The company expects fiscal 2026 revenue to be in the range of $149 million to $154 million, with fourth-quarter revenue projected between $36 million and $41 million[21] - Bookings for the Product ID segment were $22.5 million, down $4.3 million year-over-year, while Aerospace segment orders increased by 23.7% to $13.4 million[18][19] - New bookings during the fourth quarter of FY 2025 totaled $38,576,000, contributing to a total of $145,112,000 for the fiscal year[46] - The backlog at the end of the period was $25,291,000, down from $28,307,000 at the beginning of the period[46] Impairments and Provisions - Goodwill impairment of $297,000 was recorded in the three months ended October 31, 2025, compared to no impairment in the same period last year[32] - The company incurred restructuring charges of $338,000 for the three months ended October 31, 2025[59] - Inventory provisions amounted to $360,000 for the three months ended October 31, 2025, reflecting adjustments in inventory valuation[58] Corporate Expenses and Interest - Corporate expenses increased to $(5,122,000) for the three months ended October 31, 2025, compared to $(3,855,000) in the prior year[38] - Interest expense for the three months ended October 31, 2025, was $827,000, a decrease from $944,000 in the same period last year[38]

Financial Performance and Strategy - The company plans to drive margin expansion through operational initiatives aimed at increasing net income, cash flow, Adjusted Net Income, and Adjusted EBITDA over the long term[59]. - R&D costs totaled $5.8 million, $3.3 million, and $4.7 million for fiscal years 2025, 2024, and 2023, respectively[77]. - The company purchased approximately $1.4 billion of chassis, direct materials, and other components from outside suppliers in fiscal year 2025, with vehicle chassis representing about 28% of total purchases[78]. - As of October 31, 2025, the company had $40.0 million of principal outstanding under its Amended 2021 ABL Facility at an average rate of 5.6% per annum[298]. - A 100-basis point increase in floating interest rates would increase interest expense by $0.4 million annually, while a decrease would reduce it by the same amount[298]. - The company purchases commodities like aluminum and raw steel, and has implemented general price increases to offset commodity price increases[299]. Operations and Manufacturing - The company operates 16 manufacturing facilities across the U.S., totaling approximately 3.9 million square feet of manufacturing, service, and warehouse space[73]. - The company employs approximately 5,500 employees, with about 75% in production roles[92]. Distribution and Market Expansion - The company aims to enhance its distribution network by selectively adding dealers in new territories and expanding direct sales capabilities in targeted markets[61]. - The company seeks value-enhancing acquisitions to broaden product offerings and geographic reach while achieving targeted financial returns[63]. - The company believes there is international demand for its products and may seek to expand distribution globally[61]. - The company’s distribution network consists of leading dealers that have sold its products for over a decade, fostering strong customer loyalty[65]. Research and Development - The company’s engineering and R&D capabilities are essential for remaining competitive, focusing on new product development and enhancements[75]. - The company’s markets are highly competitive, with key competitors including Thor Industries, Winnebago Industries, and Pierce Manufacturing[88]. Employee Relations and Development - The company conducts annual talent reviews to identify potential successors for key leadership roles and assess development needs[92]. - Employee engagement is driven through structured roundtable discussions, with outcomes shared with senior leadership[92]. - The company has no employees under collective bargaining agreements, indicating generally favorable employee relations[92]. - The Health and Safety Management System is guided by an executive committee to ensure compliance and best practices[92]. - The company provides technical, professional, and leadership training through various learning formats, including partnerships with local educational institutions[92].

Financial Performance - Net sales reached $3.12 billion, an increase of 8.3% year over year[7] - Gross margin improved to 29.8%, up 50 basis points year over year[7] - Net income was $59.2 million, with a net margin of 1.9%, an increase of 180 basis points year over year[7] - Adjusted EBITDA was $180.9 million, reflecting a year-over-year increase of $42.7 million[7] - Adjusted EBITDA margin increased to 5.8%, up 100 basis points year over year[7] - Basic earnings per share rose to $0.14, an increase of $0.13 year over year[7] - Diluted earnings per share also increased to $0.14, up $0.13 year over year[7] - Adjusted net income was $135.7 million, an increase of $50.7 million year over year[7] - Net income for the 39 weeks ended November 2, 2025, was $183.6 million, a decrease of 50.4% from $369.9 million in the prior year[23] - Adjusted EBITDA for the 39 weeks ended November 2, 2025, was $556.9 million, reflecting a 24.9% increase from $446.0 million in 2024[23] - Basic earnings per share for the 39 weeks ended November 2, 2025, was $0.44, down 49.4% from $0.87 in the previous year[23] - The adjusted net income for the 39 weeks ended November 2, 2025, was $425.7 million, a 30.3% increase from $326.8 million in 2024[23] - Net income for the 13 weeks ended November 2, 2025, was $59.2 million, compared to $3.9 million for the same period in 2024, representing a significant increase[24] - Adjusted EBITDA for the 39 weeks ended November 2, 2025, reached $556.9 million, up from $446.0 million in 2024, indicating a growth of approximately 24.7%[24] - Adjusted diluted earnings per share for the 39 weeks ended November 2, 2025, was $1.00, compared to $0.75 in 2024, representing a 33.3% increase[25] - Net sales for the 39 weeks ended November 2, 2025, were $9,336.8 million, compared to $8,613.9 million in 2024, showing a growth of approximately 8.4%[24] - Adjusted EBITDA margin for the 39 weeks ended November 2, 2025, was 6.0%, compared to 5.2% in 2024, indicating an improvement of 0.8 percentage points[24] - The net margin for the 39 weeks ended November 2, 2025, was 2.0%, down from 4.3% in 2024, indicating a decline of 2.3 percentage points[24] Customer Engagement and Market Position - The company continues to expand market share and outperform the pet category[4] - Chewy aims to enhance customer engagement through innovative product offerings and services[6] - Active customers increased by 4.9% to 21.155 million compared to 20.160 million in the previous year[23] - Autoship customer sales for the 39 weeks ended November 2, 2025, totaled $7,753.4 million, a 14.4% increase from $6,776.0 million in 2024[23] Cash Flow and Capital Expenditures - Net cash provided by operating activities for the 39 weeks ended November 2, 2025, was $428.2 million, up 10.1% from $388.8 million in 2024[23] - Free cash flow for the 39 weeks ended November 2, 2025, was $330.4 million, an increase of 11.7% compared to $295.9 million in the prior year[23] - Free cash flow for the 39 weeks ended November 2, 2025, was $330.4 million, compared to $295.9 million in 2024, reflecting an increase of about 11.6%[26] - Capital expenditures for the 39 weeks ended November 2, 2025, totaled $97.8 million, compared to $92.9 million in 2024, reflecting an increase of approximately 5.3%[26] - The company anticipates that free cash flow may be affected by the timing of capital investments and fluctuations in growth and working capital[26]

Revenue Performance - Revenue for the fourth quarter of fiscal 2025 was $215.8 million, down 3.1% year-over-year but up 2.6% sequentially[6] - Full year revenue for fiscal 2025 was $849.3 million, a decrease of 2.0% compared to $866.9 million in fiscal 2024[6] - IC revenue for the fourth quarter was $157.4 million, down 4% year-over-year but up 7% sequentially[6] - FPD revenue for the fourth quarter was $58.3 million, down 1% year-over-year and down 7% sequentially[6] - For Q1 fiscal 2026, revenue is expected to be between $217 million and $225 million, with non-GAAP net income projected between $0.51 and $0.59 per diluted share[7] Net Income and Earnings Per Share - GAAP net income for the fourth quarter was $61.8 million, or $1.07 per diluted share, compared to $33.9 million, or $0.54 per diluted share in Q4 2024[6] - Non-GAAP net income for the fourth quarter was $34.6 million, or $0.60 per diluted share, compared to $37.1 million, or $0.59 per diluted share in Q4 2024[6] - U.S. GAAP net income attributable to Photronics, Inc. shareholders for the three months ended October 31, 2025, was $61.8 million, compared to $33.9 million for the same period in 2024, representing an increase of 82.5%[21] - Non-GAAP net income attributable to Photronics, Inc. shareholders for the year ended October 31, 2025, was $120.5 million, slightly down from $127.6 million in 2024, a decrease of 5.4%[21] - U.S. GAAP diluted earnings per share attributable to Photronics, Inc. shareholders for the three months ended October 31, 2025, was $1.07, up from $0.54 in the same period of 2024, an increase of 98.1%[21] - Non-GAAP diluted earnings per share attributable to Photronics, Inc. shareholders for the year ended October 31, 2025, was $2.01, compared to $2.05 in 2024, a decrease of 1.9%[21] Cash Flow and Investments - Cash generated from operating activities for the full year was $247.8 million, with $188.1 million invested in organic growth through capital expenditures[6] - Cash, cash equivalents, and short-term investments at the end of Q4 were $588.2 million, with $422.3 million associated with joint ventures[6] Foreign Exchange and Tax Effects - The estimated tax effects of foreign exchange (FX) gain/loss for the three months ended October 31, 2025, were $4.78 million, compared to $(1.94) million in the same period of 2024[21] - FX gain/loss for the three months ended October 31, 2025, was $(18.62) million, compared to $7.76 million in the same period of 2024[21] - The reversal of deferred tax valuation allowance for the year ended October 31, 2025, was $(16.75) million, consistent with the previous year[21] Shareholder Information - The weighted-average number of diluted common shares outstanding decreased to 57.98 million for the three months ended October 31, 2025, from 62.46 million in the same period of 2024[21] - Non-GAAP adjustments affected diluted earnings per share by $(0.47) for the three months ended October 31, 2025, compared to $0.05 in the same period of 2024[21] - The company reported a noncontrolling interest effect of $3.34 million for the three months ended October 31, 2025, compared to $(2.64) million in the same period of 2024[21] Strategic Outlook - The company anticipates that the extension of its capabilities in Korea will help diversify its geographic revenue mix and increase exposure to leading-edge chip designs[3]