Month: September 2026

ACHESON, Alberta, Sept. 10, 2026 (GLOBE NEWSWIRE) — North American Construction Group Ltd. (“NACG” or “the Company”) (TSX:NOA.TO/NYSE:NOA) today announced the appointment of Brad Rogers as the Company’s President and Chief Executive Officer effective December 1, 2026. Mr. Rogers will also join the Company’s board of directors as of the same date. This appointment completes a global search process that took place over several months and involved a rigorous assessment of several highly qualified internal and external candidates, with the invaluable support of a leading executive recruitment firm.

Martin Ferron, Chair of the Board, commented, “Brad is an outstanding executive with extensive experience in the global mining industry on both the owner’s side and contractor’s side, including experience in both the commercial and contractual aspects of complex infrastructure projects and with broad geographical experience in Australia, Asia, South Africa and the Americas. Brad has demonstrated over his many years as a senior executive, including as the CEO of a major Australian private company and an Australian publicly listed company, that he has the necessary leadership and strategic skills required to develop and clearly communicate growth strategies in an asset intensive business. I am confident that he will build strong relationships with our employees, customers, suppliers and investors. We are extremely pleased to have Brad take the helm at NACG and steer us into the most opportunity-rich period I have witnessed in my near-50-year career.”

Mr. Rogers stated, “I am delighted to join NACG at such an exciting time in the Company’s long and proud history. NACG is well positioned, with leading capabilities and significant opportunities across its markets. I am looking forward to working with the talented team at NACG to sustain and valuably grow our business in the coming years.”

Martin Ferron added “On behalf of the Board, I would like to especially thank Barry Palmer for his fantastic efforts as CEO during the search process for his successor. With Barry’s leadership we knew we had the time to conduct an exhaustive search for the right person and that he would leave behind a solid operating base for the new CEO to build upon.”

About Brad Rogers
Brad Rogers is an executive with more than 30 years’ experience across mining, mining services, industrial services, engineering, infrastructure development and corporate finance. His career combines operational leadership with deep expertise in corporate strategy, mergers and acquisitions, capital allocation, business development, investor relations and organizational transformation. Since August 2022 he has served as Chief Executive Officer and Managing Director of Jupiter Mines, an ASX-listed mining company and the world’s largest listed pure-play manganese producer through its 49.9% interest in the Tshipi manganese mine in South Africa. Before Jupiter he served as Chief Executive Officer and Managing Director of Bis Industries Limited, a leading provider of production services to the mining and industrial sectors across Australia and Indonesia. He originally joined Bis in 2008 as General Manager of Commercial, subsequently assuming more senior roles of Director of Corporate Development and Chief Financial Officer before being appointed CEO and Managing director in 2015. Mr. Rogers is a Chartered Accountant and holds a Bachelor of Commerce degree from Curtin University, Western Australia and a Post Graduate Diploma in Applied Finance from the Securities Institute of Australia.

About the Company
North American Construction Group Ltd. is a premier provider of heavy civil construction and mining services in Australia, Canada, and the U.S. For over 70 years, NACG has provided services to the mining, resource and infrastructure construction markets.

For further information contact:
Jason Veenstra, CPA, CA
Chief Financial Officer
North American Construction Group Ltd.
(780) 960-7171 IR@nacg.ca www.nacg.ca

NORTH LIBERTY, Iowa, Sept. 10, 2026 (GLOBE NEWSWIRE) — Heartland Express, Inc. (www.heartlandexpress.com) (HTLD) is pleased to announce it has been recognized with Logistics Management Magazine’s Quest for Quality Award for the twenty-first time in the last twenty-three years.

Heartland Express has received Logistics Management Magazine’s 2026 Quest for Quality Award within the Expedited Motor Carriers classification. To determine the best of the best, Logistics Management’s readers vote on carriers’ service quality based on 5 criteria – On-Time Performance, Value, Information Technology, Customer Service, and Equipment & Operations.

Mike Gerdin, CEO stated, “Our professional drivers and supporting office/shop employees embody our “Service for Success” motto and strive to deliver safe and efficient service each and every day. We believe that our service standards, safety record, maintenance program, and investments in our modern fleet of equipment, have made us a dependable core carrier to our customers who demand only the highest levels of consistent on-time service.”

Heartland Express is an irregular route truckload carrier based in North Liberty, Iowa serving customers with shipping lanes throughout the United States and Mexico. Heartland focuses primarily on regional freight, offering shippers industry leading on-time service so they can achieve their strategic goals for their customers. More information about Heartland Express can be found on the company website at www.heartlandexpress.com.

Contact:

Heartland Express, Inc.
Michael Gerdin, Chief Executive Officer
or
Chris Strain, Chief Financial Officer
319-645-7060

Record Revenues and Income from Operations

WATERLOO, Ontario and ATLANTA, Sept. 10, 2026 (GLOBE NEWSWIRE) — The Descartes Systems Group Inc. (TSX:DSG) (Nasdaq:DSGX) announced its financial results for its fiscal 2027 second quarter (Q2FY27). All financial results referenced are in United States (US) currency and, unless otherwise indicated, are determined in accordance with US Generally Accepted Accounting Principles (GAAP).

“Today’s supply chains and logistics operations need to be agile in the face of an increasingly dynamic global trade environment,” said Edward J. Ryan, Descartes’ CEO. “Having a broad scope of solutions on our Global Logistics Network is imperative to help isolate our customers from complexity, bringing together the data and domain expertise required to efficiently manage the lifecycle of shipments. We will continue to make investments into our business to add more capabilities and data onto our network, and we are looking forward to demonstrating the next generation of Descartes solutions at our Innovation Forum next month.”

Q2FY27 Financial Results
As described in more detail below, key financial highlights for Descartes’ Q2FY27 included:

• Revenues of $201.1 million, up 12% from $179.8 million in the second quarter of fiscal 2026 (Q2FY26) and up 4% from $193.6 million in the previous quarter (Q1FY27);
• Revenues were comprised of services revenues of $188.6 million (94% of total revenues), professional services and other revenues of $12.4 million (6% of total revenues) and license revenues of $0.1 million (less than 1% of total revenues). Services revenues were up 13% from $166.8 million in Q2FY26 and up 4% from $180.5 million in Q1FY27;
• Cash provided by operating activities of $81.3 million, up 28% from $63.3 million in Q2FY26 and up 8% from $75.1 million in Q1FY27. Cash provided by operating activities was negatively impacted in Q2FY26 by our Fiscal 2026 Restructuring Plan;
• Income from operations of $65.5 million, up 36% from $48.2 million in Q2FY26 and up 5% from $62.5 million in Q1FY27. Income from operations was negatively impacted in Q2FY26 by our Fiscal 2026 Restructuring Plan;
• Net income of $50.0 million, up 32% from $38.0 million in Q2FY26 and up 3% from $48.5 million in Q1FY27. Net income was negatively impacted in Q2FY26 by our Fiscal 2026 Restructuring Plan. Net income as a percentage of revenue was 25%, compared to 21% in Q2FY26 and 25% in Q1FY27;
• Earnings per share on a diluted basis of $0.57, up 33% from $0.43 in Q2FY26 and up 4% from $0.55 in Q1FY27; and
• Adjusted EBITDA of $94.4 million, up 18% from $80.2 million in Q2FY26 and up 5% from $89.8 million in Q1FY27. Adjusted EBITDA as a percentage of revenues was 47%, compared to 45% and 46% in Q2FY26 and Q1FY27, respectively.

Adjusted EBITDA and Adjusted EBITDA as a percentage of revenues are non-GAAP financial measures provided as a complement to financial results presented in accordance with GAAP. We define Adjusted EBITDA as earnings before interest, taxes, depreciation, amortization, stock-based compensation (for which we include related fees and taxes) and other charges (for which we include restructuring charges, acquisition-related expenses, and contingent consideration incurred due to better-than-expected performance from acquisitions). These items are considered by management to be outside Descartes’ ongoing operational results. We define Adjusted EBITDA as a percentage of revenues as the quotient, expressed as a percentage, from dividing Adjusted EBITDA for a period by revenues for the corresponding period. A reconciliation of Adjusted EBITDA and Adjusted EBITDA as a percentage of revenues to net income determined in accordance with GAAP is provided later in this release.

The following table summarizes Descartes’ results in the categories specified below over the past 5 fiscal quarters (unaudited; dollar amounts, other than per share amounts, in millions):

	Q2 FY27		Q1 FY27		Q4 FY26		Q3 FY26		Q2 FY26
Revenues	201.1		193.6		192.8		187.7		179.8
Services revenues	188.6		180.5		180.1		173.7		166.8
Gross margin	78%		78%		78%		77%		77%
Cash provided by operating activities	81.3		75.1		75.9		73.4		63.3
Income from operations	65.5		62.5		59.0		56.6		48.2
Net income	50.0		48.5		45.6		43.9		38.0
Net income as a % of revenues	25%		25%		24%		23%		21%
Earnings per diluted share	0.57		0.55		0.52		0.50		0.43
Adjusted EBITDA	94.4		89.8		88.7		85.5		80.2
Adjusted EBITDA as a % of revenues	47%		46%		46%		46%		45%

Year-to-Date Financial Results
As described in more detail below, key financial highlights for Descartes’ six-month period ended July 31, 2026 (1HFY27) included:

• Revenues of $394.7 million, up 13% from $348.6 million in the same period a year ago (1HFY26);
• Revenues were comprised of services revenues of $369.1 million (94% of total revenues), professional services and other revenues of $23.9 million (6% of total revenues) and license revenues of $1.7 million (less than 1% of total revenues). Services revenues were up 14% from $323.4 million in 1HFY26;
• Cash provided by operating activities of $156.4 million, up 34% from $116.9 million in 1HFY26. Cash provided by operating activities was negatively impacted in 1HFY26 by our Fiscal 2026 Restructuring Plan;
• Income from operations of $128.0 million, up 36% from $94.4 million in 1HFY26. Income from operations was negatively impacted in 1HFY26 by our Fiscal 2026 Restructuring Plan;
• Net income of $98.5 million, up 33% from $74.3 million in 1HFY26. Net income was negatively impacted in 1HFY26 by our Fiscal 2026 Restructuring Plan. Net income as a percentage of revenues was 25%, compared to 21% in 1HFY26;
• Earnings per share on a diluted basis of $1.13, up 33% from $0.85 in 1HFY26; and
• Adjusted EBITDA of $184.1 million, up 19% from $155.3 million in 1HFY26. Adjusted EBITDA as a percentage of revenues was 47%, compared to 45% in 1HFY26.

The following table summarizes Descartes’ results in the categories specified below over 1HFY27 and 1HFY26 (unaudited, dollar amounts in millions):

	1HFY27		1HFY26
Revenues	394.7		348.6
Services revenues	369.1		323.4
Gross margin	78%		77%
Cash provided by operating activities	156.4		116.9
Income from operations	128.0		94.4
Net income	98.5		74.3
Net income as a % of revenues	25%		21%
Earnings per diluted share	1.13		0.85
Adjusted EBITDA	184.1		155.3
Adjusted EBITDA as a % of revenues	47%		45%

Cash Position
At July 31, 2026, Descartes had $401.1 million in cash. Cash increased by $24.1 million in Q2FY27 and increased by $44.6 million in 1HFY27. The table set forth below provides a summary of cash flows for Q2FY27 and 1HFY27 in millions of dollars:

	Q2FY27		1HFY27
Cash provided by operating activities	81.3		156.4
Additions to property and equipment	(2.0)		(4.6)
Acquisitions of subsidiaries, net of cash acquired	(29.5)		(59.2)
Repurchase of common shares for cash, including purchasing costs	(24.3)		(45.1)
Issuances of common shares, net of issuance costs	0.3		3.8
Payment of withholding taxes on net share settlements	–		(4.5)
Effect of foreign exchange rate on cash	(1.7)		(2.2)
Net change in cash	24.1		44.6
Cash, beginning of period	377.0		356.5
Cash, end of period	401.1		401.1

Normal Course Issuer Bid
On December 11, 2025, Descartes commenced a normal course issuer bid (“NCIB”) to purchase up to approximately 8.6 million common shares in the open market for cancellation. Under the NCIB, Descartes is permitted to repurchase for cancellation, at its discretion on or before December 10, 2026, up to 10% of the “public float” (calculated in accordance with the rules of the Toronto Stock Exchange (“TSX”)) of Descartes’ issued and outstanding common shares. Any purchases under the NCIB are subject to applicable terms and limitations and have been, and will be, made through the facilities of the TSX, Nasdaq, other designated exchanges and/or alternative Canadian trading systems, or by such other means as may be permitted by the Ontario Securities Commission or other applicable Canadian Securities Administrators.

In the first half and second quarter of 2027, Descartes repurchased and cancelled 651,800 and 346,800 of its common shares under the NCIB, respectively, for an aggregate cost of $45.1 million and $24.3 million, respectively, including costs associated with the repurchase.

Acquisition of TAI
On August 21, 2026, Descartes acquired all of the shares of Transportation Applied Intelligence Software, LLC (“TAI”), a provider of advanced transportation management solutions for freight brokers. The purchase price for the acquisition was approximately $99.3 million, net of cash acquired, which was funded from cash on hand.

Acquisition of Extensiv
On September 1, 2026, Descartes acquired all of the shares of 3PL Central, LLC, doing business as Extensiv, and its subsidiaries (collectively referred to as “Extensiv”), a provider of warehouse management and fulfillment solutions for third-party logistics providers and the brands they serve. The purchase price for the acquisition was approximately $119.9 million, net of cash acquired, which was funded from cash on hand.

Conference Call
Members of Descartes’ executive management team will host a conference call to discuss the company’s financial results at 5:30 p.m. ET on Thursday, September 10, 2026. Designated numbers are +1 289 514 5100 or Toll-Free for North America at +1 800 717 1738, using conference ID 96697.

The company will simultaneously conduct an audio webcast on the Descartes website at www.descartes.com/descartes/investor-relations. A phone conference dial-in or webcast log-in is required approximately 10 minutes before the start.

Replays of the conference call will be available until Thursday, September 17, 2026, by dialing +1 289 819 1325 or Toll-Free for North America using +1 888 660 6264 with Playback Passcode: 96697#. An archived replay of the webcast will be available at www.descartes.com/descartes/investor-relations.

About Descartes

Descartes powers more responsive, efficient, secure and sustainable international and domestic supply chains by uniting logistics-intensive businesses on its Global Logistics Network (“GLN”). Shippers, carriers, and logistics service providers connect and collaborate on the GLN, leveraging technology, data and artificial intelligence (“AI”) to manage last mile deliveries, domestic and international shipments, transportation rating and payment, global trade research, customs compliance and a variety of regulatory processes. Learn more about Descartes (Nasdaq:DSGX) (TSX:DSG) at www.descartes.com, and connect with us on LinkedIn and X. 

Descartes Investor Contact
Laurie McCauley
(519) 746-2969
investor@descartes.com

Cautionary Statement Regarding Forward-Looking Statements

This release may contain forward-looking information within the meaning of applicable securities laws (“forward-looking statements”) that relates to Descartes’ expectations concerning future revenues and earnings, and our projections for any future reductions in expenses or growth in margins and generation of cash; our assessment of the potential impact of geopolitical events, such as the conflict between Iran, Israel and the US (the “Iran Conflict”), and the ongoing conflict between Russia and Ukraine (the “Russia-Ukraine Conflict”), or other potentially catastrophic events, on our business, results of operations and financial condition; our assessment of the potential impact of tariffs, sanctions and other actions by individual countries on global trade and our business; continued growth and acquisitions including our assessment of any increased opportunity for our products and services as a result of trends in the logistics and supply chain industries; rate of profitable growth and Adjusted EBITDA margin operating range; demand for Descartes’ solutions; growth of Descartes’ GLN; customer buying patterns; customer expectations of Descartes; development of the GLN and the benefits thereof to customers; and other matters. These forward-looking statements are based on certain assumptions including the following: global shipment volumes continuing at levels generally consistent with those experienced historically; the Iran Conflict and the Russia-Ukraine Conflict not having a material negative impact on shipment volumes or on the demand and ability to pay for the products and services of Descartes by its customers; countries continuing to implement and enforce existing and additional customs and security regulations relating to the provision of electronic information for imports and exports; countries continuing to implement and enforce existing and additional trade restrictions and sanctioned party lists with respect to doing business with certain countries, organizations, entities and individuals; Descartes’ continued operation of a secure and reliable business network; the continued availability, performance and security of third-party cloud hosting, telecommunications, data center and technology service providers upon which we rely; the stability of general economic and market conditions, currency exchange rates and interest rates; equity and debt markets continuing to provide Descartes with access to capital; Descartes’ continued ability to identify and source attractive and executable business combination opportunities; Descartes’ ability to develop solutions that keep pace with the continuing changes in technology including AI, and to adapt to evolving legal, regulatory, operational and cybersecurity risks associated with the use of AI and our continued compliance with third party intellectual property rights. These assumptions may prove to be inaccurate. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Descartes, or developments in Descartes’ business or industry, to differ materially from the anticipated results, performance or achievements or developments expressed or implied by such forward-looking statements. Such factors include, but are not limited to, Descartes’ ability to successfully identify, execute and complete acquisitions; to integrate acquired businesses, assets, personnel and technologies; to realize anticipated strategic, operational and financial benefits and synergies from acquisitions; the impact of network failures, information security breaches or other cyber-security threats; disruptions in the movement of freight and a decline in shipment volumes including as a result of the impact of current and future trade barriers, including tariffs, sanctions, export controls, further protectionist measures, retaliatory measures and other governmental restrictions affecting cross-border trade, The Iran Conflict, the Russia-Ukraine Conflict, or contagious illness outbreaks; a deterioration of general economic conditions or instability in the financial markets accompanied by a decrease in spending by our customers; the ability to attract and retain key personnel and the ability to manage the departure of key personnel and the transition of our executive management team; changes in trade or transportation regulations that currently require customers to use services such as those offered by Descartes; changes in customer behaviour and expectations; Descartes’ ability to successfully design and develop enhancements to our products and solutions; departures of key customers; the impact of foreign currency exchange rates; Descartes’ ability to retain or obtain sufficient capital in addition to its debt facility to execute on its business strategy, including its acquisition strategy; ; the potential for future goodwill or intangible asset impairment as a result of other-than-temporary decreases in Descartes’ market capitalization; and other factors and assumptions discussed in the section entitled, “Certain Factors That May Affect Future Results” in documents filed with the Securities and Exchange Commission, the Ontario Securities Commission and other securities regulatory authorities across Canada, including Descartes’ most recently filed annual and subsequent interim Management’s Discussion and Analysis which are available under Descartes’ profile through the EDGAR website at http://www.sec.gov or through the SEDAR+ website at http://www.sedarplus.com/. If any such risks actually occur, they could, among other consequences, materially adversely affect our business, financial condition or results of operations. In that case, the trading price of our common shares could decline, perhaps materially. Readers are cautioned not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Forward-looking statements are provided for the purpose of providing information about management’s current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. Except as required by applicable law, we do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in our expectations or any change in events, conditions or circumstances on which any such statement is based.

Reconciliation of Non-GAAP Financial Measures – Adjusted EBITDA and Adjusted EBITDA as a percentage of revenues

We prepare and release quarterly unaudited and annual audited financial statements prepared in accordance with GAAP. We also disclose and discuss certain non-GAAP financial information, used to evaluate our performance, in this and other earnings releases and investor conference calls as a complement to results provided in accordance with GAAP. We believe that current shareholders and potential investors in our company use non-GAAP financial measures, such as Adjusted EBITDA and Adjusted EBITDA as a percentage of revenues, in making investment decisions about our company and measuring our operational results.

The term “Adjusted EBITDA” refers to a financial measure that we define as earnings before certain charges that management considers to be non-operating expenses and which consist of interest, taxes, depreciation, amortization, stock-based compensation (for which we include related fees and taxes) and other charges (for which we include restructuring charges, acquisition-related expenses, and contingent consideration incurred due to better-than-expected performance from acquisitions). Adjusted EBITDA as a percentage of revenues divides Adjusted EBITDA for a period by the revenues for the corresponding period and expresses the quotient as a percentage.

Management considers these non-operating expenses to be outside the scope of Descartes’ ongoing operations and the related expenses are not used by management to measure operations. Accordingly, these expenses are excluded from Adjusted EBITDA, which we reference to both measure our operations and as a basis of comparison of our operations from period-to-period. Management believes that investors and financial analysts measure our business on the same basis, and we are providing the Adjusted EBITDA financial metric to assist in this evaluation and to provide a higher level of transparency into how we measure our own business. However, Adjusted EBITDA and Adjusted EBITDA as a percentage of revenues are non-GAAP financial measures and may not be comparable to similarly titled measures reported by other companies. Adjusted EBITDA and Adjusted EBITDA as a percentage of revenues should not be construed as a substitute for net income determined in accordance with GAAP or other non-GAAP measures that may be used by other companies, such as EBITDA. The use of Adjusted EBITDA and Adjusted EBITDA as a percentage of revenues does have limitations. In particular, we have completed eight acquisitions since the beginning of fiscal 2026 and may complete additional acquisitions in the future that will result in acquisition-related expenses and restructuring charges. As these acquisition-related expenses and restructuring charges may continue as we pursue our consolidation strategy, some investors may consider these charges and expenses as a recurring part of operations rather than expenses that are not part of operations.

The table below reconciles Adjusted EBITDA and Adjusted EBITDA as a percentage of revenues to net income reported in our unaudited Consolidated Statements of Operations for Q2FY27, Q1FY27, Q4FY26, Q3FY26, and Q2FY26, which we believe is the most directly comparable GAAP measure.

	Q2FY27		Q1FY27		Q4FY26		Q3FY26		Q2FY26
Net income, as reported on Consolidated Statements of Operations	50.0		48.5		45.6		43.9		38.0
Adjustments to reconcile to Adjusted EBITDA:
Interest expense	0.2		0.2		0.2		0.2		0.2
Investment income	(3.3)		(3.0)		(2.6)		(2.0)		(1.5)
Income tax expense	18.6		16.8		15.8		14.5		11.5
Depreciation expense	1.6		1.5		1.5		1.5		1.5
Amortization of intangible assets	18.1		17.3		20.9		20.7		20.5
Stock-based compensation and related taxes	8.0		7.4		6.2		6.0		4.9
Other charges	1.2		1.1		1.1		0.7		5.1
Adjusted EBITDA	94.4		89.8		88.7		85.5		80.2
Revenues	201.1		193.6		192.8		187.7		179.8
Net income as % of revenues	25%		25%		24%		23%		21%
Adjusted EBITDA as % of revenues	47%		46%		46%		46%		45%

The table below reconciles Adjusted EBITDA and Adjusted EBITDA as a percentage of revenues to net income reported in our unaudited Consolidated Statements of Operations for 1HFY27 and 1HFY26, which we believe is the most directly comparable GAAP measure.

(US dollars in millions)	1HFY27		1HFY26
Net income, as reported on Consolidated Statements of Operations	98.5		74.3
Adjustments to reconcile to Adjusted EBITDA:
Interest expense	0.5		0.5
Investment income	(6.3)		(3.5)
Income tax expense	35.3		23.1
Depreciation expense	3.1		2.9
Amortization of intangible assets	35.4		39.6
Stock-based compensation and related taxes	15.3		9.8
Other charges	2.3		8.6
Adjusted EBITDA	184.1		155.3
Revenues	394.7		348.6
Net income as % of revenues	25%		21%
Adjusted EBITDA as % of revenues	47%		45%

The Descartes Systems Group Inc.
Condensed Consolidated Balance Sheets
(US dollars in thousands; US GAAP; Unaudited)

	July 31,		January 31,
	2026		2026
ASSETS
CURRENT ASSETS
Cash	401,057		356,526
Accounts receivable (net)
Trade	63,463		64,771
Other	25,698		26,453
Prepaid expenses and other	33,638		34,317
	523,856		482,067
OTHER LONG-TERM ASSETS	27,839		27,346
PROPERTY AND EQUIPMENT, NET	14,049		13,507
RIGHT-OF-USE ASSETS	7,442		8,173
DEFERRED INCOME TAXES	6,129		6,720
INTANGIBLE ASSETS, NET	336,959		332,069
GOODWILL	1,042,635		1,025,783
	1,958,909		1,895,665
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	16,428		20,852
Accrued liabilities	109,535		73,881
Lease obligations	3,329		3,471
Income taxes payable	6,419		7,133
Deferred revenue	123,874		117,887
	259,585		223,224
LEASE OBLIGATIONS	4,213		4,892
DEFERRED REVENUE	751		1,175
INCOME TAXES PAYABLE	6,685		6,019
DEFERRED INCOME TAXES	41,085		41,443
	312,319		276,753
SHAREHOLDERS’ EQUITY
Common shares – unlimited shares authorized; Shares issued and outstanding totaled 85,548,553 at July 31, 2026 (January 31, 2026 – 86,022,028)	592,930		590,734
Additional paid-in capital	516,560		509,190
Accumulated other comprehensive loss	(20,067)		(7,987)
Retained earnings	557,167		526,975
	1,646,590		1,618,912
	1,958,909		1,895,665

The Descartes Systems Group Inc.
Condensed Consolidated Statements of Operations
(US dollars in thousands, except per share and weighted average share amounts; US GAAP; Unaudited)

	Three Months Ended					Six Months Ended
	July 31,		July 31,			July 31,		July 31,
	2026		2025			2026		2025
REVENUES	201,108		179,815			394,729		348,554
COST OF REVENUES (exclusive of amortization presented separately below)	44,398		41,588			87,844		81,335
GROSS MARGIN	156,710		138,227			306,885		267,219
EXPENSES
Sales and marketing	24,338		20,522			47,590		39,372
Research and development	28,286		26,752			55,684		51,821
General and administrative	19,284		17,147			37,939		33,459
Other charges	1,259		5,119			2,334		8,568
Amortization of intangible assets	18,072		20,504			35,336		39,618
	91,239		90,044			178,883		172,838
INCOME FROM OPERATIONS	65,471		48,183			128,002		94,381
INTEREST EXPENSE	(240	)	(243	)		(476	)	(479	)
INVESTMENT INCOME	3,322		1,550			6,309		3,512
INCOME BEFORE INCOME TAXES	68,553		49,490			133,835		97,414
INCOME TAX EXPENSE
Current	18,462		5,674			35,028		17,925
Deferred	62		5,796			302		5,225
	18,524		11,470			35,330		23,150
NET INCOME	50,029		38,020			98,505		74,264
EARNINGS PER SHARE
Basic	0.58		0.44			1.15		0.87
Diluted	0.57		0.43			1.13		0.85
WEIGHTED AVERAGE SHARES OUTSTANDING (thousands)
Basic	85,701		85,833			85,857		85,756
Diluted	87,060		87,590			87,216		87,588

The Descartes Systems Group Inc.
Condensed Consolidated Statements of Cash Flows
(US dollars in thousands; US GAAP; Unaudited)

	Three Months Ended					Six Months Ended
	July 31,		July 31,			July 31,		July 31,
	2026		2025			2026		2025
OPERATING ACTIVITIES
Net income	50,029		38,020			98,505		74,264
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation	1,586		1,501			3,073		2,951
Amortization of intangible assets	18,072		20,504			35,336		39,618
Stock-based compensation expense	7,772		4,453			14,769		8,819
Other non-cash operating activities	(56	)	162			93		128
Deferred tax expense	62		5,796			302		5,225
Changes in operating assets and liabilities	3,797		(7,100	)		4,328		(14,066	)
Cash provided by operating activities	81,262		63,336			156,406		116,939
INVESTING ACTIVITIES
Additions to property and equipment	(1,990	)	(1,240	)		(4,570	)	(3,102	)
Acquisition of subsidiaries, net of cash acquired	(29,451	)	(2,277	)		(59,174	)	(114,604	)
Cash used in investing activities	(31,441	)	(3,517	)		(63,744	)	(117,706	)
FINANCING ACTIVITIES
Payment of debt issuance costs	–		–			–		(38	)
Repurchase of common shares for cash, including purchasing costs	(24,330	)	–			(45,110	)	–
Issuance of common shares for cash, net of issuance costs	329		4,808			3,837		8,366
Payment of withholding taxes on net share settlements	–		–			(4,538	)	(6,487	)
Payment of contingent consideration	–		(1,170	)		–		(1,170	)
Cash provided by (used in) financing activities	(24,001	)	3,638			(45,811	)	671
Effect of foreign exchange rate changes on cash	(1,741	)	764			(2,320	)	4,590
Increase in cash	24,079		64,221			44,531		4,494
Cash, beginning of period	376,978		176,411			356,526		236,138
Cash, end of period	401,057		240,632			401,057		240,632

DALLAS, Sept. 10, 2026 (GLOBE NEWSWIRE) — Capital Southwest Corporation (NASDAQ: CSWC) (the “Company”, “Capital Southwest”, “we”, “us” and “our”) is pleased to announce that it has priced an underwritten public offering of $350.0 million in aggregate principal amount of 6.750% notes due 2031 (the “Notes”). The Notes will bear interest at a rate of 6.750% per year, payable semi-annually, will mature on September 15, 2031 and may be redeemed in whole or in part at the Company’s option at any time prior to August 15, 2031, at par plus a “make-whole” premium, and thereafter at par. The Notes will be issued to the public at a price of 98.985% of the aggregate principal amount of the Notes, resulting in a yield-to-maturity of 6.994%. The offering is expected to close on September 15, 2026, subject to customary closing conditions.

The Company intends to use the net proceeds from this offering to repay a portion of the outstanding indebtedness under the Company’s senior secured revolving credit facility (the “Corporate Credit Facility”). However, through re-borrowings under the Corporate Credit Facility, the Company intends to make investments in accordance with its investment objective and strategies, and for other general corporate purposes, including payment of operating expenses.

Deutsche Bank Securities Inc., Huntington Securities, Inc., ING Financial Markets LLC, Morgan Stanley & Co. LLC, RBC Capital Markets, LLC, and Wells Fargo Securities, LLC are acting as active bookrunners for this offering. Oppenheimer & Co. Inc. is acting as passive bookrunner for this offering. Zions Direct, Inc. is acting as co-manager for this offering.

Investors should carefully consider, among other things, Capital Southwest’s investment objective and strategies and the risks related to Capital Southwest and the offering before investing. The pricing term sheet dated September 10, 2026, the preliminary prospectus supplement dated September 10, 2026 and the accompanying prospectus dated October 29, 2024, each of which has been filed with the Securities and Exchange Commission (the “SEC”), contain this and other information about Capital Southwest and should be read carefully before investing.

A shelf registration statement relating to these securities is on file, and became effective immediately upon filing, with the SEC. The offering may be made only by means of a preliminary prospectus supplement and an accompanying prospectus, copies of which may be obtained for free by visiting the SEC’s website at www.sec.gov or from Deutsche Bank Securities Inc., 1 Columbus Circle, New York, New York 10019, or by calling toll-free at +1 (800) 503-4611; Huntington Securities, Inc., 41 S. High Street, 5th Floor, Columbus, Ohio 43287, or by calling toll-free at +1 (800) 824-5652; ING Financial Markets LLC, 1133 Avenue of the Americas, New York, New York 10036, or by calling toll-free at +1 (877) 446-4930; Morgan Stanley & Co. LLC, 1585 Broadway, New York, New York 10036, or by calling toll-free at +1 (866) 718-1649; RBC Capital Markets, LLC, Brookfield Place, 200 Vesey Street, 8th Floor, New York, New York 10281, or by calling toll-free at +1 (866) 375-6829; or Wells Fargo Securities, LLC, 608 2nd Avenue South, Suite 1000, Minneapolis, Minnesota 55402, Attn: WFS Customer Service, or email: wfscustomerservice@wellsfargo.com, or by calling toll-free at +1 (800) 645-3751.

The information in the pricing term sheet, the preliminary prospectus supplement, the accompanying prospectus and this press release is not complete and may be changed. The pricing term sheet, the preliminary prospectus supplement, the accompanying prospectus and this press release do not constitute offers to sell or the solicitation of offers to buy, nor will there be any sale of the Notes referred to in this press release, in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction.

About Capital Southwest
Capital Southwest Corporation (Nasdaq: CSWC) is a Dallas, Texas-based, internally managed business development company with approximately $2.2 billion in investments at fair value as of June 30, 2026. Capital Southwest is a middle market lending firm focused on supporting the acquisition and growth of middle market businesses with $5 million to $50 million investments across the capital structure, including first lien, second lien and non-control equity co-investments. As a public company with a permanent capital base, Capital Southwest has the flexibility to be creative in its financing solutions and to invest to support the growth of its portfolio companies over long periods of time.

Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the federal securities laws, including, but not limited to, statements regarding Capital Southwest’s Notes offering, the expected net proceeds from the offering, and the anticipated use of the net proceeds of the offering. Forward-looking statements are statements that are not historical statements and can often be identified by words such as “will,” “believe,” “intends,” “may,” “could,” “expect” and similar expressions and variations or negatives of these words. These statements are based on management’s current expectations, assumptions and beliefs. They are not guarantees of future results or events and are subject to numerous risks, uncertainties and assumptions that could cause actual results or events to differ materially from those expressed in any forward-looking statement. These risks include risks identified in Capital Southwest’s filings with the SEC and risks related to the following, without limitation: changes in the markets in which we invest; changes in the financial, capital, and lending markets; changes in the interest rate environment and its impact on our business and our portfolio companies; regulatory changes; tax treatment; our ability to operate Capital Southwest SBIC I, LP and Capital Southwest SBIC II, LP as small business investment companies; the uncertainty associated with the imposition of tariffs and trade barriers and changes in trade policy and its impact on our portfolio companies and our financial condition; the impact of geopolitical conditions on our portfolio companies and opportunities available to us; an economic downturn or recession and its impact on the ability of our portfolio companies to operate and the investment opportunities available to us; the impact of supply chain constraints on our portfolio companies; and the elevated levels of inflation and its impact on our portfolio companies and the industries in which we invest.

Readers should not place undue reliance on any forward-looking statements and are encouraged to review the pricing term sheet, the preliminary prospectus supplement, the accompanying prospectus and Capital Southwest’s other SEC filings for a more complete discussion of the risks and other factors that could affect any forward-looking statements. Except as required by the federal securities laws, Capital Southwest does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, changing circumstances or any other reason after the date of this press release.

Investor Relations Contact:
Michael S. Sarner, President and Chief Executive Officer
214-884-3829

JACKSON, Miss., Sept. 10, 2026 (GLOBE NEWSWIRE) — HII (NYSE:HII) Executive Vice President and Chief Human Resources Officer Edmond E. Hughes joined a panel recently at Delta Fest 2026, a regional forum examining how industrial investment is reshaping the Deep South. The discussion brought together leaders in business, government and education to discuss the workforce, supplier and community capacity needed to support long-term growth.

Hughes joined Robert Ridgway, senior vice president at Yates Construction, to discuss how companies can invest in workforce development, supplier capability and community readiness to meet increased shipbuilding and construction demand.

“Workforce development starts long before someone applies for a job,” Hughes said. “The goal isn’t simply about developing a bigger pipeline of skilled workers. It is also just as important to build a better prepared pipeline where companies work closely with education, training and community partners to build sustained capacity.”

Hughes also highlighted HII’s long-standing workforce programs, including the Ingalls Shipbuilding Apprentice School, founded in 1952 and responsible for training more than 4,000 graduates, and the Ingalls Shipbuilder Academy, a high school work-based learning program where 49 recent graduates received full-time job offers. These initiatives build early career awareness, technical skills and clear pathways that strengthen the regional talent pipelines.

Photos accompanying this release are available at: http://hii.com/news/hii-highlights-workforce-development-and-industrial-capacity-at-delta-fest-2026/. 

The panel also emphasized supplier readiness and the role of strong communities in maintaining industrial capacity. HII works with more than 5,000 suppliers nationwide and spends about $1 billion annually through its supplier network.

With suppliers playing such a critical role in shipbuilding production, Hughes noted that readiness must be built long before demand peaks. “HII’s impact doesn’t stop at the shipyard gates,” Hughes said. “Strong suppliers and a skilled workforce grow from the same foundation: capability, performance, trust and time.”

As America’s largest shipbuilder, HII is dedicated to investing in workforce pipelines, strengthening supplier readiness and supporting resilient communities, ensuring the company can meet today’s shipbuilding demands while strengthen the industrial base for the future.

Hughes’ perspective reflects both his human resources expertise and his long-standing experience in the Gulf Coast industrial community. A graduate of Tougaloo College near Jackson, he spent many years in Mississippi leading human resources at HII’s Ingalls Shipbuilding division. Since 2022, he has served as HII’s chief human resources officer, overseeing enterprise-wide talent and culture strategies informed by decades of experience across shipbuilding and major manufacturing operations.

To learn more about careers at HII, visit HII.com/careers.

About HII

HII is America’s largest shipbuilder, delivering the world’s most powerful ships and all-domain mission technologies, including unmanned systems, to U.S. and allied defense customers. HII is the largest producer of unmanned underwater vehicles for the U.S. Navy and the world.

With a more than 140-year history of advancing U.S. national security, HII builds and integrates defense capabilities extending from the core fleet to C6ISR, AI/ML, EW and synthetic training. Headquartered in Virginia, HII’s workforce is 45,000 strong. For more information, visit:

• HII on the web: https://www.HII.com/
• HII on Facebook: https://www.facebook.com/TeamHII
• HII on X: https://www.twitter.com/WeAreHII
• HII on Instagram: https://www.instagram.com/WeAreHII
• HII on LinkedIn: https://www.linkedin.com/company/wearehii

Contact:
Kimberly K. Aguillard
Kimberly.K.Aguillard@hii-co.com
228-355-5663

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a8bb9f3b-6322-4c61-aa07-8e4e78b5eda6

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

CALGARY, Alberta, Sept. 10, 2026 (GLOBE NEWSWIRE) — Integral Metals Corp. (CSE: INTG | OTC: ITGLF | FSE: ZK9) (the “Company” or “Integral”) is pleased to announce that it has closed its previously announced non-brokered private placement of units of the Company (each, a “Unit“) at a price of C$0.40 per Unit, issuing 3,125,000 Units for aggregate gross proceeds of C$1,250,000.00 (the “Offering“).

Each Unit consists of one common share of the Company issued as a “flow-through share” within the meaning of the Income Tax Act (Canada) (the “Tax Act“) (each, an “FT Share“) and one transferable common share purchase warrant of the Company (each , a “Warrant“). Each Warrant entitles the holder to acquire one non-flow-through common share of the Company (each, a “Warrant Share“) at an exercise price of C$0.50 per Warrant Share for a period of 18 months from the date of issuance. The securities are subject to a statutory and exchange hold period of four months and one day from the date of issuance.

The gross proceeds from the issuance of the FT Shares will be used to incur eligible “Canadian exploration expenses” that are intended to qualify as “critical flow-through mining expenditures”, as those terms are defined in the Tax Act, on the Company’s mineral properties, including the Company’s KAP Project. The Company intends to renounce those expenses to the initial purchasers of the FT Shares with an effective date no later than December 31, 2026, in an aggregate amount not less than the gross proceeds raised from the issuance of the FT Shares.

The securities issued pursuant to the Offering have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons in the absence of U.S. registration or an applicable exemption from the U.S. registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful.

On Behalf of the Board Of Directors

Paul Sparkes

Chief Executive Officer

825-414-3163

info@integralmetals.com

ABOUT INTEGRAL METALS CORP.

Integral is an exploration stage company, engaged in the business of mineral exploration for critical minerals, including gallium, germanium, and rare earth elements, with the goal of contributing to the development of a domestic supply chain for these minerals. Integral holds properties in mining-friendly jurisdictions in Canada and the United States of America, including the Northwest Territories, Manitoba and Montana, where it has received regulatory support for its exploration efforts.

Forward-Looking Information

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current beliefs or assumptions as to the outcome and timing of such future events. In particular, this press release contains forward-looking information relating to, among other things, the proposed use of proceeds therefrom.

Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information, including, in respect of the forward-looking information included in this press release, assumptions regarding the future plans and strategies of the Company. Although forward-looking information is based on the reasonable assumptions of the Company’s management, there can be no assurance that any forward-looking information will prove to be accurate. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include, among other things, the risk that the Company’s plans with respect to the use of any proceeds received from the Offering may change; and the risk that the Company’s business prospects and priorities may change, whether as a result of unexpected events, general market and economic conditions or as a result of the Company’s future exploration efforts, and that any such change may result in a re-deployment of the Company’s resources and efforts in a manner divergent from the Company’s current business plan or strategy. The forward-looking information contained in this release is made as of the date hereof, and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

The Canadian Securities Exchange has not reviewed, approved or disapproved the contents of this press release.