Reported net income of $26.2 million for Q1 2026, compared to a net loss of $21.1 million in Q1 2025. Revenue increased to $9.685 billion, up 2% year-over-year. Gross profit rose 18% to $271.2 million, supported by strong results in the marine and aviation segments. Operating expenses decreased by 9% to $214.9 million, reflecting lower impairment and restructuring charges. Basic earnings per share reached $0.51, compared to a loss of $0.37 per share in the prior year period. The company continues to execute a multi-year restructuring plan, with $5.7 million in charges recognized during the quarter.