So we have just about 50% of our revenues going through the new platform. We have implementations going live again this quarter in some of our largest countries. So we feel really good about that. And what goes hand in hand with that is our standardization of our processes and our shared service centers. We're making very, very good progress on that. I think we're up to seven countries now going through our shared service operations with another four to five in flight as we speak. Those will continue this year and into 2026 where we'll start to inflect into savings from those programs during calendar year 2026.

Apr 17, 2025 / receipt, needs a key / Jack, CFO | earnings call 2025-04-17 | transcript fceae75f-8a94-42f0-ba42-a8ba2acdfc72 | chars 48762-49380 | segment 49

This OUP margin increase was primarily driven by OUP increases in Germany of $7.0 and the Nordics of $6.9 resulting from a decrease in SG&A as a percentage of revenue, partially offset by a decrease in gross profit margin.

filing / Aug 7, 2026 / receipt

This OUP margin increase was primarily driven by an OUP increase in the Nordics of $9.4 and Germany of $7.7 resulting from a decrease in SG&A as a percentage of revenue, partially offset by a decrease in gross profit margin.

filing / Aug 7, 2026 / receipt

The decrease was primarily driven by an $11.5 decrease in restructuring costs taken in the second quarter of 2026 compared to the second quarter of 2025 and a $7.4 decrease in personnel costs as we experienced the impacts of restructuring actions previously taken.

filing / Aug 7, 2026 / receipt

The decrease was primarily driven by a decrease of $18.7 in restructuring costs incurred in the first six months of 2026 compared to the first six months of 2025 and a $17.8 decrease in personnel costs as we experienced the impacts of restructuring actions previously taken, partially offset by the $16.4 unfavorable impact due to currency exchange rates.

filing / Aug 7, 2026 / receipt

• a 10 basis point favorable impact due to lower travel and entertainment expenses. Interest and other expenses, net is comprised of interest, foreign exchange gains and losses and other miscellaneous non-operating income and expenses, including those associated with noncontrolling interests.

filing / May 8, 2026 / receipt

The 83.8 % effective tax rate for the three months ended March 31, 2026 was higher than the United States Federal statutory rate of 21 % primarily due to the overall mix of earnings, restructuring charges, tax losses in certain countries for which we did not recognize a corresponding tax benefit due to valuation allowances, the French exceptional corporate income tax surcharge, and the French business tax.

filing / May 8, 2026 / receipt

By contrast, during periods of increased demand, we are generally able to improve our profitability and operating leverage as our cost base can support some increase in business without a similar increase in selling and administrative expenses.

filing / May 8, 2026 / receipt

The decrease was primarily driven by a $10.4 decrease in personnel costs as we experienced the impacts of restructuring actions previously taken, a $7.2 decrease in restructuring costs taken in the first quarter of 2026 compared to the first quarter of 2025, and a $5.8 decrease in non-personnel costs, partially offset by the $13.1 unfavorable impact of currency exchange rates.

filing / May 8, 2026 / receipt