LINE — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-08-05

• We analyze the results of our operations through the following segments:

• Other warehouse costs include utilities other than power, insurance, real estate taxes, repairs and maintenance, rent under real property operating leases where applicable, equipment costs, warehouse consumables (e.g., pallets and shrink-wrap), personal protective equipment, warehouse administration…

• Global Warehousing segment revenues were $1,005 million for the three months ended June 30, 2026, an increase of $35 million, or 3.6%, compared to $970 million for the three months ended June 30, 2025. The increase was primarily driven by a $31 million increase in our non-same warehouse pool and a $…

• foreign currency translation of revenues earned by our foreign operations had a $10 million favorable impact compared to the three months ended June 30, 2025.

• Global Warehousing segment NOI was $367 million for the three months ended June 30, 2026, consistent with $367 million for the three months ended June 30, 2025. This was primarily driven by a $10 million increase in our non-same warehouse pool, offset by a $10 million decrease in our same warehouse …

Text removed vs the prior filing · source: 10-Q · 2026-05-06

• We view, manage, and report on our business through two segments:

• Global warehousing segment revenues were $985 million for the three months ended March 31, 2026, an increase of $41 million, or 4.3%, compared to $944 million for the three months ended March 31, 2025. The net increase was driven by a $41 million net increase in our non-same warehouse pool, while ou…

• Global warehousing segment cost of operations was $621 million for the three months ended March 31, 2026, an increase of $37 million, or 6.3%, compared to $584 million for the three months ended March 31, 2025. The net increase included a $34 million net increase in our non-same warehouse pool, in a…

• The following table presents revenues, cost of operations, same warehouse NOI, and margins for our same warehouses for the three months ended March 31, 2026 and 2025.

• Same warehouse storage revenues increased $8 million, or 1.7%, compared to the three months ended March 31, 2025, primarily driven by increased rates and favorable net foreign currency impact. Same warehouse storage revenues per economic occupied pallet increased by 2.1% compared to the prior year.

Text added vs the prior filing · source: 10-Q · 2026-08-05

• Under the supervision and with the participation of our management, including our Chief Executive Officer (“CEO”) and Chief Financial Officer (“CFO”), we evaluated the effectiveness of the design and operation of our disclosure controls and procedures

• as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), as of the end of the period covered by this report. Such disclosure controls and procedures are designed to provide reasonable assurance that information required to be disclosed b…

• Based on this evaluation, our CEO and CFO have concluded that our disclosure controls and procedures were not effective as of June 30, 2026 because of the material weakness in our internal control over financial reporting identified in connection with the audit of our consolidated financial statemen…

Text removed vs the prior filing · source: 10-Q · 2026-05-06

• Under the supervision and with the participation of our management, including our Chief Executive Officer (“CEO”) and Chief Financial Officer (“CFO”), we evaluated the effectiveness of the design and operation of our disclosure controls and procedures as defined in Rules 13a-15(e) and 15d-15(e) unde…

• Based on this evaluation, our CEO and CFO have concluded that our disclosure controls and procedures were not effective as of March 31, 2026 because of the material weakness in our internal control over financial reporting identified in connection with the audit of our consolidated financial stateme…

Text removed vs the prior filing · source: 10-Q · 2026-05-06

• On May 4, 2026, LLH and Bay Grove Management entered into a first amendment (the “TSA Amendment”) to the transition services agreement, dated as of July 24, 2024 (the “Transition Services Agreement”), in connection with the Company’s hiring of certain employees of Bay Grove Management. Commencing as…