As discussed in Note 7 to our consolidated financial statements in our Annual Report, during the quarter ended March 31, 2026, we completed our annual quantitative impairment assessment for the Greco reporting unit, including both Greco US and Greco Canada businesses, and determined that the fair value of the Greco reporting unit was below its carrying value and accordingly recorded a non-cash impairment of $15.6 million, including $7.5 million for goodwill, $6.6 million for intangible assets and $1.5 million for long-lived assets, included in the impairment expenses line in our Consolidated Statements of Income under the Engineered Building Solutions segment for the year ended March 31, 2026.

During the quarter ended March 31, 2026, the Company committed to a plan to pursue a sale of the Greco US business, which was available for immediate sale in its present condition, and the Company initiated an active program to locate a buyer. Management believes a sale is probable within twelve months of March 31, 2026 at a price that is reasonable in relation to the current estimated fair value. Accordingly, the Greco US asset group has been classified as held for sale since March 31, 2026 in accordance with ASC 360-10-45-9 and is carried at the lower of carrying amount or estimated fair value less costs to sell. The Company has determined that the disposal does not represent a strategic shift that has, or will have, a major effect on the Company's operations or financial results. Accordingly, the Greco US business has not been classified as a discontinued operation under ASC 205-20, and the results of operations attributable to these assets continue to be reflected within the Engineered Building Solutions segment for all periods presented.

The revenue and pre-tax income (loss) attributable to the Greco US business included in continuing operations were $3.1 million and $(0.8) million, respectively, for the three months ended June 30, 2026; and $5.3 million and $0.3 million, respectively, for the three months ended June 30, 2025.


(Amounts in thousands)	June 30, 2026		March 31, 2026
Accounts receivable, net	$	4,816	$	3,733
Inventories, net	2,603		2,251
Prepaid expenses and other current assets	184		373
Right-of-use lease assets	2,345		2,385
Total assets held for sale	$	9,948	$	8,742

Accounts payable	$	447	$	566
Accrued and other current liabilities	1,332		1,869
Operating lease liabilities	2,052		2,043
Total liabilities held for sale	$	3,831	$	4,478

During the quarter ended March 31, 2026, in conjunction with the plan to sell the Greco US business as discussed above, the Company committed to the strategic exit of the Greco Canada business (the "Greco Canada Exit"). The costs for the Greco Canada Exit primarily included employee severance and termination costs, as well as additional reserves related to accounts receivable and inventory. We recognized $0.4 million and $2.1 million of expenses, as a result of this initiative during the quarter ended June 30, 2026 and March 31, 2026, respectively, which are included in the selling, general, and administrative expenses line ($0.0 million and $0.7 million, respectively) and cost of revenues line ($0.4 million and $1.4 million respectively) in our Consolidated Statements of Income. As of June 30, 2026, we expect to incur approximately $1.0 million to $1.5 million of additional expenses related to the Greco Canada Exit.

The revenue and pre-tax income (loss), excluding the Greco Canada Exit related expenses, attributable to the Greco Canada business included in continuing operations were $2.4 million and $(0.3) million, respectively, for the three months ended June 30, 2026 and $4.7 million and less than $0.1 million, respectively, for the three months ended June 30, 2025.