The table below represents information about reportable segments for the three and six month periods noted therein (amounts may not foot due to rounding):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended July 31, |
|
|
Six Months Ended July 31, |
|
(in millions of dollars) |
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Net Sales: |
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Operations |
|
$ |
23.1 |
|
|
$ |
24.5 |
|
|
$ |
45.4 |
|
|
$ |
47.0 |
|
Other foreign |
|
|
5.6 |
|
|
|
5.2 |
|
|
|
10.9 |
|
|
|
9.9 |
|
Europe |
|
|
13.9 |
|
|
|
15.7 |
|
|
|
26.0 |
|
|
|
27.8 |
|
Mexico |
|
|
1.9 |
|
|
|
2.0 |
|
|
|
4.4 |
|
|
|
3.8 |
|
Asia |
|
|
15.3 |
|
|
|
14.3 |
|
|
|
26.3 |
|
|
|
26.3 |
|
Canada |
|
|
2.6 |
|
|
|
2.9 |
|
|
|
4.7 |
|
|
|
5.3 |
|
Latin America |
|
|
4.2 |
|
|
|
4.6 |
|
|
|
9.1 |
|
|
|
8.9 |
|
Less intersegment sales |
|
|
(16.5 |
) |
|
|
(16.7 |
) |
|
|
(29.3 |
) |
|
|
(29.8 |
) |
Consolidated sales |
|
$ |
50.1 |
|
|
$ |
52.5 |
|
|
$ |
97.5 |
|
|
$ |
99.2 |
|
External Sales: |
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Operations |
|
$ |
21.3 |
|
|
$ |
22.1 |
|
|
$ |
41.4 |
|
|
$ |
42.8 |
|
Other foreign |
|
|
3.7 |
|
|
|
3.3 |
|
|
|
7.2 |
|
|
|
6.3 |
|
Europe |
|
|
12.4 |
|
|
|
15.1 |
|
|
|
23.8 |
|
|
|
26.9 |
|
Mexico |
|
|
1.4 |
|
|
|
1.1 |
|
|
|
3.3 |
|
|
|
2.3 |
|
Asia |
|
|
4.7 |
|
|
|
3.7 |
|
|
|
8.4 |
|
|
|
7.3 |
|
Canada |
|
|
2.5 |
|
|
|
2.9 |
|
|
|
4.6 |
|
|
|
5.2 |
|
Latin America |
|
|
4.1 |
|
|
|
4.3 |
|
|
|
8.8 |
|
|
|
8.4 |
|
Consolidated external sales |
|
$ |
50.1 |
|
|
$ |
52.5 |
|
|
$ |
97.5 |
|
|
$ |
99.2 |
|
Intersegment Sales: |
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Operations |
|
$ |
1.7 |
|
|
$ |
2.3 |
|
|
$ |
4.0 |
|
|
$ |
4.1 |
|
Other foreign |
|
|
2.0 |
|
|
|
1.9 |
|
|
|
3.7 |
|
|
|
3.6 |
|
Europe |
|
|
1.5 |
|
|
|
0.6 |
|
|
|
2.2 |
|
|
|
0.9 |
|
Mexico |
|
|
0.7 |
|
|
|
0.9 |
|
|
|
1.2 |
|
|
|
1.5 |
|
Asia |
|
|
10.5 |
|
|
|
10.7 |
|
|
|
17.9 |
|
|
|
19.1 |
|
Canada |
|
|
0.1 |
|
|
|
0.1 |
|
|
|
0.1 |
|
|
|
0.2 |
|
Latin America |
|
|
— |
|
|
|
0.2 |
|
|
|
0.2 |
|
|
|
0.4 |
|
Consolidated intersegment sales |
|
$ |
16.5 |
|
|
$ |
16.7 |
|
|
$ |
29.3 |
|
|
$ |
29.8 |
|
The table below represents information about reportable segments for the three and six month periods noted therein (amounts may not foot due to rounding):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended July 31, |
|
|
Six Months Ended July 31, |
|
(in millions of dollars) |
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Cost of Goods Sold: |
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Operations |
|
$ |
13.9 |
|
|
$ |
15.5 |
|
|
$ |
30.0 |
|
|
$ |
30.8 |
|
Other foreign |
|
|
4.3 |
|
|
|
3.5 |
|
|
|
7.8 |
|
|
|
6.6 |
|
Europe |
|
|
10.8 |
|
|
|
12.2 |
|
|
|
19.8 |
|
|
|
21.1 |
|
Mexico |
|
|
2.3 |
|
|
|
2.1 |
|
|
|
4.7 |
|
|
|
3.9 |
|
Asia |
|
|
11.7 |
|
|
|
11.4 |
|
|
|
20.9 |
|
|
|
21.0 |
|
Canada |
|
|
1.7 |
|
|
|
2.0 |
|
|
|
3.0 |
|
|
|
3.9 |
|
Latin America |
|
|
3.1 |
|
|
|
3.0 |
|
|
|
6.6 |
|
|
|
5.9 |
|
Less intersegment cost of goods sold |
|
|
(16.2 |
) |
|
|
(16.0 |
) |
|
|
(28.7 |
) |
|
|
(28.4 |
) |
Consolidated cost of goods sold |
|
|
31.6 |
|
|
$ |
33.7 |
|
|
|
64.1 |
|
|
|
64.8 |
|
Gross Profit: |
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Operations |
|
$ |
9.2 |
|
|
$ |
9.0 |
|
|
$ |
15.4 |
|
|
$ |
16.2 |
|
Other foreign |
|
|
1.3 |
|
|
|
1.7 |
|
|
|
3.1 |
|
|
|
3.2 |
|
Europe |
|
|
3.0 |
|
|
|
3.5 |
|
|
|
6.1 |
|
|
|
6.7 |
|
Mexico |
|
|
(0.5 |
) |
|
|
(0.1 |
) |
|
|
(0.4 |
) |
|
|
(0.1 |
) |
Asia |
|
|
3.7 |
|
|
|
2.9 |
|
|
|
5.5 |
|
|
|
5.4 |
|
Canada |
|
|
0.9 |
|
|
|
0.9 |
|
|
|
1.7 |
|
|
|
1.4 |
|
Latin America |
|
|
1.1 |
|
|
|
1.6 |
|
|
|
2.5 |
|
|
|
3.0 |
|
Less intersegment loss |
|
|
(0.2 |
) |
|
|
(0.7 |
) |
|
|
(0.5 |
) |
|
|
(1.3 |
) |
Consolidated gross profit |
|
|
18.5 |
|
|
$ |
18.8 |
|
|
|
33.4 |
|
|
|
34.5 |
|
Operating Expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Operations |
|
$ |
11.0 |
|
|
$ |
10.7 |
|
|
$ |
21.7 |
|
|
$ |
21.4 |
|
Other foreign |
|
|
1.4 |
|
|
|
1.6 |
|
|
|
2.9 |
|
|
|
3.0 |
|
Europe |
|
|
3.7 |
|
|
|
3.4 |
|
|
|
7.0 |
|
|
|
7.4 |
|
Mexico |
|
|
0.8 |
|
|
|
0.6 |
|
|
|
1.3 |
|
|
|
1.3 |
|
Asia |
|
|
1.8 |
|
|
|
1.4 |
|
|
|
3.0 |
|
|
|
2.9 |
|
Canada |
|
|
0.6 |
|
|
|
0.5 |
|
|
|
1.3 |
|
|
|
1.2 |
|
Latin America |
|
|
1.5 |
|
|
|
1.4 |
|
|
|
3.0 |
|
|
|
3.0 |
|
Less intersegment operating expenses |
|
|
(0.2 |
) |
|
|
(0.4 |
) |
|
|
(0.5 |
) |
|
|
(0.7 |
) |
Consolidated operating expenses |
|
$ |
20.6 |
|
|
$ |
19.3 |
|
|
|
39.7 |
|
|
|
39.5 |
|
Settlement of lease liability, net: |
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Operations |
|
$ |
(1.9 |
) |
|
|
— |
|
|
$ |
(1.9 |
) |
|
$ |
— |
|
Consolidated settlement of lease liability, net |
|
$ |
(1.9 |
) |
|
$ |
— |
|
|
$ |
(1.9 |
) |
|
$ |
— |
|
Goodwill impairment: |
|
|
|
|
|
|
|
|
|
|
|
|
Europe |
|
$ |
3.2 |
|
|
|
— |
|
|
$ |
3.2 |
|
|
$ |
— |
|
Consolidated goodwill impairment expense |
|
$ |
3.2 |
|
|
$ |
— |
|
|
$ |
3.2 |
|
|
$ |
— |
|
Gain on sale of certain assets: |
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Operations |
|
$ |
— |
|
|
|
— |
|
|
$ |
(6.5 |
) |
|
$ |
— |
|
Consolidated gain on sale of certain assets |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
(6.5 |
) |
|
$ |
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Lease Impairment: |
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Operations |
|
$ |
— |
|
|
|
3.6 |
|
|
$ |
— |
|
|
$ |
3.6 |
|
Consolidated lease impairment |
|
$ |
— |
|
|
$ |
3.6 |
|
|
$ |
— |
|
|
$ |
3.6 |
|
Operating (Loss) Income: |
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Operations |
|
$ |
0.1 |
|
|
$ |
(5.3 |
) |
|
$ |
2.1 |
|
|
$ |
(8.9 |
) |
Other foreign |
|
|
(0.1 |
) |
|
|
0.1 |
|
|
|
0.2 |
|
|
|
0.3 |
|
Europe |
|
|
(3.9 |
) |
|
|
0.1 |
|
|
|
(4.1 |
) |
|
|
(0.7 |
) |
Mexico |
|
|
(1.2 |
) |
|
|
(0.7 |
) |
|
|
(1.7 |
) |
|
|
(1.4 |
) |
Asia |
|
|
1.9 |
|
|
|
1.5 |
|
|
|
2.5 |
|
|
|
2.4 |
|
Canada |
|
|
0.3 |
|
|
|
0.4 |
|
|
|
0.4 |
|
|
|
0.2 |
|
Latin America |
|
|
(0.4 |
) |
|
|
0.2 |
|
|
|
(0.5 |
) |
|
|
— |
|
Less intersegment loss (income) |
|
|
— |
|
|
|
(0.3 |
) |
|
|
— |
|
|
|
(0.6 |
) |
Consolidated operating (loss) income |
|
$ |
(3.3 |
) |
|
$ |
(4.0 |
) |
|
$ |
(1.1 |
) |
|
$ |
(8.7 |
) |
The table below represents information about reported segments as of the dates noted therein (amounts may not foot due to rounding):
|
|
|
|
|
|
|
|
|
|
|
As of July 31, |
|
|
As of January 31, |
|
(in millions of dollars) |
|
2026 |
|
|
2026 |
|
Total Assets: |
|
|
|
|
|
|
U.S. Operations |
|
$ |
168.4 |
|
|
$ |
170.4 |
|
Europe |
|
|
51.9 |
|
|
|
61.1 |
|
Mexico |
|
|
10.8 |
|
|
|
11.7 |
|
Asia |
|
|
45.6 |
|
|
|
48.5 |
|
Canada |
|
|
7.2 |
|
|
|
6.8 |
|
Latin America |
|
|
24.2 |
|
|
|
23.6 |
|
Other foreign |
|
|
19.5 |
|
|
|
19.8 |
|
Less intersegment |
|
|
(121.1 |
) |
|
|
(132.0 |
) |
Consolidated assets |
|
$ |
206.5 |
|
|
$ |
209.9 |
|
Total Assets Less Intersegment: |
|
|
|
|
|
|
U.S. Operations |
|
$ |
88.7 |
|
|
$ |
90.8 |
|
Europe |
|
|
44.0 |
|
|
|
50.3 |
|
Mexico |
|
|
7.4 |
|
|
|
8.2 |
|
Asia |
|
|
25.4 |
|
|
|
20.8 |
|
Canada |
|
|
3.2 |
|
|
|
2.9 |
|
Latin America |
|
|
19.7 |
|
|
|
19.3 |
|
Other foreign |
|
|
18.1 |
|
|
|
17.6 |
|
Consolidated assets |
|
$ |
206.5 |
|
|
$ |
209.9 |
|
Total Goodwill and Intangible Assets |
|
|
|
|
|
|
U.S. Operations |
|
$ |
25.4 |
|
|
$ |
25.3 |
|
Europe |
|
|
15.8 |
|
|
|
19.9 |
|
Other foreign |
|
|
1.0 |
|
|
|
1.8 |
|
Consolidated goodwill and intangible assets |
|
$ |
42.2 |
|
|
$ |
47.0 |
|
|