Quarterly report [Sections 13 or 15(d)]

Restructuring and Other Charges/(Income)

v3.25.2
Restructuring and Other Charges/(Income)
3 Months Ended
Jun. 30, 2025
Restructuring and Related Activities [Abstract]  
Restructuring and Other Charges/(Income) Restructuring and Other Charges/(Income)
Fiscal 2025 charges
On April 8, 2024, we enacted certain cost-cutting measures, including a reduction-in-force plan, as well as a facility consolidation, that together affected 68 employees across our US-LAM and Canada reportable segments. Pursuant to the foregoing, we moved certain operations and equipment associated with our rail & transit business from our Denver, Colorado location to San Marcos, Texas, where we have an existing manufacturing and back-office presence. These efforts, in part, allowed the company to streamline certain operations, reduce its manufacturing footprint, and position itself for more profitable growth. These actions resulted in charges of $2,109 in "Restructuring and other charges/(income)," for the three months ended June 30, 2024.
Restructuring and other charges/(income) by reportable segment is as follows:
Three Months Ended June 30, 2025 Three Months Ended June 30, 2024
United States and Latin America $ —  $ 715 
Canada —  1,394 
Europe, Middle East and Africa —  — 
Asia-Pacific —  — 
Restructuring and other charges/(income) $ —  $ 2,109