v3.26.1
Segment Reporting (Tables)
6 Months Ended
Jul. 31, 2026
Segment Reporting [Abstract]  
Schedule of Domestic and International Sales From Continuing Operations

Domestic and international sales are as follows in millions of dollars:

 

 

 

Three Months Ended
July 31,

 

 

Six Months Ended
July 31,

 

(in millions)

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Domestic

 

$

21.4

 

 

$

22.1

 

 

$

41.5

 

 

$

42.8

 

International

 

 

28.7

 

 

 

30.4

 

 

 

56.0

 

 

 

56.4

 

Total Sales

 

$

50.1

 

 

$

52.5

 

 

$

97.5

 

 

$

99.2

 

Schedule of Segment Information

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

 

 

Schedule of External Sales by Product Line

The table below presents external sales by product line:

 

 

Three Months Ended
July 31,

 

 

Six Months Ended
July 31,

 

(in millions of dollars)

 

2026

 

 

2025

 

 

2026

 

 

2025

 

External Sales by product lines:

 

 

 

 

 

 

 

 

 

 

 

 

Disposables

 

$

14.1

 

 

$

13.9

 

 

$

27.7

 

 

$

27.0

 

Chemical

 

 

6.1

 

 

 

5.6

 

 

 

11.6

 

 

 

11.7

 

Fire Service

 

 

26.1

 

 

 

25.6

 

 

 

49.5

 

 

 

46.6

 

Gloves

 

 

0.4

 

 

 

0.4

 

 

 

0.7

 

 

 

0.7

 

High Visibility(1)

 

 

 

 

 

1.5

 

 

 

0.7

 

 

 

2.5

 

High Performance Wear(1)

 

 

 

 

 

2.2

 

 

 

0.9

 

 

 

3.8

 

Wovens

 

 

3.4

 

 

 

3.3

 

 

 

6.4

 

 

 

6.9

 

Consolidated external sales

 

$

50.1

 

 

$

52.5

 

 

$

97.5

 

 

$

99.2

 

 

(1) The Company sold inventory and intellectual property associated with the High Performance Wear and High Visibility clothing lines on March 27, 2026.