- Adjusted EBITDA was $41 million, representing an 18% margin, negatively impacted by inventory write-offs, tariffs, and inefficiencies.
- Adjusted net income and EPS were $11 million and $0.05 respectively, down from $22 million and $0.10 in prior year quarter.
- Animal Safety segment revenues were $64 million with a core revenue decline of 6.7%.
- Capital expenditures declined to $16 million in Q4, with expectations for substantially lower CapEx in fiscal 2026.
- Ended the quarter with $900 million gross debt and $129 million cash; divestiture of cleaners and disinfectants generated $115 million net proceeds.
- Food Safety segment revenues were $162 million, down 3% year-over-year with core revenue decline of 1.3%.
- Fourth quarter revenues were $225 million with core revenue down 290 basis points year-over-year.
- Free cash flow was roughly breakeven, improving $14 million from Q3 but below expectations due to lower EBITDA and timing of cash taxes.
- Gross margin was 41.2%, impacted by lower volume, inventory write-offs, sample collection inefficiencies, and tariffs.
- Recorded a $598 million noncash goodwill impairment charge related to the 3M Food Safety acquisition.
Related items and other data are not available for this feed item.
Dafinchi