Image source: The Motley Fool. Thursday, October 23, 2025 at 11 a.m. ET CALL PARTICIPANTS President and Chief Executive Officer — Mark Sheahan Chief Financial Officer and Treasurer — Christopher Knutson Executive Vice President, Corporate Development and General Counsel — David Lowe TAKEAWAYS Sales -- $543 million, reflecting a 5% increase, with acquisitions contributing 6% growth, currency transl...
Image source: The Motley Fool. Thursday, October 23, 2025 at 11 a.m. ET CALL PARTICIPANTS President and Chief Executive Officer — Mark Sheahan Chief Financial Officer and Treasurer — Christopher Knutson Executive Vice President, Corporate Development and General Counsel — David Lowe TAKEAWAYS Sales -- $543 million, reflecting a 5% increase, with acquisitions contributing 6% growth, currency translation adding 1%, and organic sales declining 2%. -- $543 million, reflecting a 5% increase, with acquisitions contributing 6% growth, currency translation adding 1%, and organic sales declining 2%. Net Earnings -- $138 million, a 13% increase, or $0.82 per diluted share, including a $14 million noncash gain from contingent consideration adjustment. -- $138 million, a 13% increase, or $0.82 per diluted share, including a $14 million noncash gain from contingent consideration adjustment. Adjusted Non-GAAP Net Earnings -- $0.73 per diluted share, up 3%, after excluding one-time tax and acquisition-related effects. -- $0.73 per diluted share, up 3%, after excluding one-time tax and acquisition-related effects. Gross Margin Rate -- Flat on a year-over-year basis, as targeted pricing actions offset higher product costs, lower volumes, and tariff impacts. -- Flat on a year-over-year basis, as targeted pricing actions offset higher product costs, lower volumes, and tariff impacts. Tariff Impact -- Increased product costs by $5 million, causing a 100 basis point contraction in gross margin; year-to-date tariff cost impact totals $9 million. -- Increased product costs by $5 million, causing a 100 basis point contraction in gross margin; year-to-date tariff cost impact totals $9 million. Operating Expenses -- Down $6 million, or 5%, due to a noncash acquisition gain; excluding this gain, operating expenses rose $8 million, driven by $10 million in acquisition costs, with core expenses down $2 million. -- Down $6 million, or 5%, due to a noncash acquisition gain; excluding this gain, o...