Distribution Solutions

Q2 FY2026 EarningsQ2 FY26 results beat consensus across the top and bottom lines, with revenue of $557.7M vs. $520.4M expected and adjusted EPS of $0.47 vs. $0.41 expected. Organic sales growth reached 10.2%, with strong performance in the TestEquity and Canada Branch segments offsetting a slight gross margin miss (32.3% vs. 33.1% expected). Management also announced a definitive merger agreement to be taken private by LKCM Headwater at $35.00 per share.