Financial Performance - Q2FY26 sales were $147 million, successfully offsetting the non-recurring demand surge in Q2FY25[13, 19] - Adjusted EBITDA margin for Q2FY26 was 91%, a slight increase of 10 bps compared to the previous year[13, 18, 23] - The company generated $233 million in free cash flow in Q2FY26, resulting in a net debt to trailing twelve-month adjusted EBITDA ratio of 04x[14] - Adjusted net income increased by 6% year-over-year[18] Segment Performance - The Lighting Segment experienced 15% organic revenue growth year-over-year, driven by market share gains and increased large project activity[14, 26] - Lighting Segment adjusted gross margin rate improved by 190 bps[14, 26] - Display Solutions Segment sales were $803 million, impacted by elevated prior-year levels, but order activity improved, supporting increased demand in the second half of fiscal 2026[15, 36, 38] Outlook and Strategy - The company anticipates year-over-year growth in Q3FY26, with Lighting segment orders up 10% above prior-year levels[15] - Grocery vertical orders in the Display Solutions segment increased 20% above the prior year, supporting improved segment backlog[15] - The company maintains over $103 million in cash and available liquidity under its credit facility[54, 55]

Financial Performance - Total net sales increased by 14% year-over-year, reaching $157.2 million in Q1FY26 compared to $138.1 million in Q1FY25[19] - Organic sales grew by 7% year-over-year[13, 75] - Adjusted EBITDA increased by 17% year-over-year due to project acceleration, improved pricing, and cost control[13] - Adjusted EBITDA margin improved by 30 basis points year-over-year, reaching 10% in Q1FY26[13] - Adjusted net income increased by 23% year-over-year[18] Segment Performance - Lighting segment sales increased by 18% year-over-year, driven by double-digit growth across all three lighting brands[14, 36] - Display Solutions segment sales increased by 11% year-over-year, supported by demand in C-Store/Refueling and Grocery verticals[15, 26] Balance Sheet and Cash Flow - Net leverage remained flat year-over-year at 0.8x after investing over $20 million in acquiring Canada's Best during Q3FY25[54] - The company upsized its secured revolving line of credit to $125 million and extended the term to September 2030[54, 55] - Working capital increased by $16 million year-over-year in Q1FY26[45]