v3.25.4

SEGMENT INFORMATION (Tables)

3 Months Ended

Dec. 28, 2025

Segment Reporting [Abstract]

Schedule of Segment Information

Financial information for the Company's segments, including net sales, significant expenses and reconciliation of Segment Adjusted EBITDA to Income from Continuing Operations Before Income Taxes for the three month periods ended December 28, 2025, and December 29, 2024 are as follows:

						December 28, 2025																								December 29, 2024
(in millions)						GPC						H&G						HPC						Total						GPC						H&G						HPC						Total
Net sales						$	281.6					$	73.9					$	321.5					$	677.0					$	260.0					$	92.1					$	348.1					$	700.2
Cost of goods sold						174.5						43.8						217.1						435.4						153.2						56.7						232.6						442.5
Selling, general & administrative						66.9						30.6						89.8						187.3						63.2						31.0						90.9						185.1
Other non-operating expense, net						0.2						—						(0.1)						0.1						0.5						—						3.0						3.5
Addback: depreciation & amortization						9.0						5.0						6.0						20.0						8.4						4.9						5.1						18.4
Segment Adjusted EBITDA						$	49.0					$	4.5					$	20.7					74.2						$	51.5					$	9.3					$	26.7					87.5
Interest expense																								6.8																								6.2
Depreciation																								15.6																								14.0
Amortization																								10.2																								10.5
Corporate costs																								12.2																								12.3
Interest income																								(0.6)																								(2.6)
Share-based compensation																								4.3																								4.7
Non-cash impairment charges																								0.5																								—
Exit and disposal costs																								1.1																								0.5
Global ERP transformation1																								2.4																								2.5
Litigation charges2																								0.9																								0.8
Other3																								0.3																								2.2
Income from continuing operations before income taxes																								$	20.5																							$	36.4

________________________________________

1    Costs attributable to a multi-year transformation project to upgrade and implement our enterprise-wide operating systems to SAP S/4 HANA on a global basis, including project management and professional services for planning, design, and business process review that do not qualify as software configuration and implementation costs recognized as capital expenditures or deferred costs under applicable accounting principles. The Company had recently extended the project to include its HPC segment and anticipates costs to be incurred through further deployments through calendar year 2026.

2    Litigation costs are associated with the Company's cost to facilitate various ongoing litigation matters associated with the Tristar Business acquisition in Fiscal 2023, as previously discussed in our 2025 Annual Report.

3    Other is attributable to other project costs associated with previous strategic separation initiatives, distribution center transitions and key executive severance costs.

Schedule of Depreciation and Amortization Relating to Segments

Depreciation and amortization relating to the segments are as follows for the three month periods ended December 28, 2025 and December 29, 2024 :

(in millions)						December 28, 2025						December 29, 2024
GPC						$	9.0					$	8.4
H&G						5.0						4.9
HPC						6.0						5.1
Total segments						20.0						18.4
Corporate and shared operations						5.8						6.1
Total depreciation and amortization						$	25.8					$	24.5

Schedule of Segment Total Assets Relating to Segments

The following is a summary of segment assets and a reconciliation of segment assets to total assets of the Company were as follows as of December 28, 2025 and September 30, 2025:

Segment assets (in millions)						December 28, 2025						September 30, 2025
GPC						$	147.9					$	161.4
H&G						138.4						92.2
HPC						164.5						192.5
Total segment assets						450.8						446.1
Other current assets						750.0						738.1
Non-current assets						2,222.1						2,195.4
Total assets						$	3,422.9					$	3,379.6

Schedule of Net Sales by Geographic Area

Net sales by geographic regions (based upon destination) for the three month periods ended December 28, 2025 and December 29, 2024 are as follows:

Net sales to external parties - Geographic Disclosure (in millions)						December 28, 2025						December 29, 2024
United States						$	338.9					$	360.0
Europe/MEA						247.2						256.8
Latin America						55.2						43.7
Asia-Pacific						24.1						26.0
North America - Other						11.6						13.7
Net sales						$	677.0					$	700.2

Schedule of Long-Lived Assets by Geographic Area

Long-lived asset information, consisting of Property Plant and Equipment, Net, and Operating Lease Assets, for the three month periods ended December 28, 2025 and September 30, 2025 by geographic area are as follows:

Long-lived assets - Geographic Disclosure (in millions)						December 28, 2025						September 30, 2025
United States						$	306.4					$	270.9
Europe/MEA						46.3						49.2
Latin America						2.1						2.1
North America - Other						4.3						4.7
Asia-Pacific						1.4						1.6
Total long-lived assets						$	360.5					$	328.5

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