Net sales for the first quarter ended May 31, 2026, increased by 1.4% to $98.6 million, up from $97.2 million in the prior year's quarter. Organic sales volume decreased by $3.1 million due to weaker customer demand and industry pressures, but this was offset by over $4.5 million in incremental revenues from recent acquisitions. Gross profit increased to $31.1 million (31.5% of revenue) from $30.2 million (31.1% of revenue) in the prior year, attributed to pricing discipline, product mix, and acquisition integration. Selling, general, and administrative (SG&A) expenses rose by 3.6% to $17.5 million, representing 17.8% of net sales, compared to 17.4% in the prior year, mainly due to acquisition-related expenses and higher incentive compensation. Net earnings were $9.9 million, a slight increase from $9.8 million in the prior year. Diluted earnings per share were $0.39, up from $0.38 in the prior year, with acquisitions positively impacting EPS by $0.02. Cash provided by operating activities significantly increased to $21.2 million from $8.0 million in the prior year, largely due to lower inventory purchases and favorable changes in receivables. Cash used in investing activities decreased substantially to $0.3 million from $30.8 million, as the prior year included significant acquisition spending. Cash used in financing activities was $6.4 million, down from $11.5 million, primarily due to the absence of share repurchases in the current quarter. The company maintained a strong liquidity position with $49.1 million in cash and cash equivalents and a working capital of $102.8 million. A lawsuit in Arizona concerning a former leased facility remains pending, with a liability reserve of approximately $0.5 million accrued.