0001350593-26-000024
SEC filingQ2 revenue grew 5.5% to $384.4M and net income rose 15.2% to $59.1M, driven by higher pricing and volumes, though tariffs and inflation partially offset gains.
Revenue for the second quarter of fiscal 2026 increased 5.5% to $384.4 million compared to $364.3 million in the prior year quarter. The increase was primarily driven by higher pricing across most product lines and increased volumes, reflecting strong demand for our water infrastructure products.
While the facility was adversely impacted by an operational event, we have mitigated risk by adding suppliers and improving throughput. As part of our overall strategy, we will continue investing in our foundries to expand capacity, increase manufacturing efficiencies, and position ourselves to respond to the expected increase in demand for domestic product given the uncertainty in the current geopolitical and tariff environment. Additionally, we expect to invest to strengthen our information technology systems, cybersecurity training, policies, programs, response plans and other similar measures.