News Summary

• Revenues for the three months ended March 31, 2026, were $28.7 million, compared to $24.5 million in the prior year.
• Gross Profit increased to $7.4 million from $5.0 million, with gross margin improving to 25.8% from 20.5%.
• The year-over-year improvement was driven by higher sales volumes, and a more favourable sales mix.
• The Company secured an additional $8.2 million in annualized new business in both UGL and Peerless segments, with the majority of the new business wins in the U.S.