Item 2.02 Results of Operations and Financial Condition. The press release furnished as Exhibit 99.1 to the Original Report described cash flow from operations for the three months ended June 30, 2026 as “Cash Flow used in Operations was $72.3 million” and labeled a summary table line item as “net cash used in operating activities.” Cash flow from operations for the second quarter was positive.…
Filed Aug 7, 2026Accepted Aug 6, 2026, 9:16 PM EDTCIK 2025410Accession 0002025410-26-000013
We are focused on the aerospace engine aftermarket, which is highly resilient and driven by strict OEM and regulatory requirements for the inspection and maintenance of aircraft engines across their well-defined lifecycle phases. The complex and recurring nature of our engine repair work on behalf of our customers precipitates the use of long-term contracts to secure slot availability and pricing terms, which further contributes to the predictable and recurring nature of our revenue.
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Item 2.02Item 2.02 - Results of Operations
Item 2.02 Results of Operations and Financial Condition.
The press release furnished as Exhibit 99.1 to the Original Report described cash flow from operations for the three months ended June 30, 2026 as “Cash Flow used in Operations was $72.3 million” and labeled a summary table line item as “net cash used in operating activities.” Cash flow from operations for the second quarter was positive. The correct descriptions are “Cash Flow provided by Operations was $72.3 million” and “net cash provided by (used in) operating activities,” respectively.
The information in this Item 2.02 is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.