Securis Weekly Flash Report — Week Ending 10-28-26

Weekly Division Pacing ($ in Thousands)

Division	Wkly Pace	Wkly Actual	Diff ($k)	Next Wk Pace	On Pace?	Full Mo Outlook
Service	$702.0k	$445.0k	-$257.0k	$702.0k	NO	$520.0k
Recycling	$240.0k	$292.0k	+$52.0k	$240.0k	YES	$297.0k
ITAD	$1,082.0k	$534.0k	-$548.0k	$1,082.0k	YES	$811.0k
Intercompany	-$250.0k	-$201.0k	+$49.0k	-$250.0k	NO	-$237.0k
Operating Total (Ex-Interco)	$2,024.0k	$1,271.0k	-$753.0k	$2,024.0k		$1,628.0k

Monthly Forecasts & Actuals (10-01-26)

P&L Line Item ($k)	10-07-26	10-14-26	10-21-26	10-28-26
Service Revenue	$467.0k	$505.0k	$516.0k	$520.0k
Recycling Revenue	$254.0k	$254.0k	$264.0k	$297.0k
ITAD Revenue	$1,861.0k	$1,927.0k	$1,940.0k	$811.0k
Intercompany	-$210.0k	-$205.0k	-$220.0k	-$237.0k
All Other Revenue	-$10.0k	-$10.0k	-$10.0k	-$10.0k
Total Revenue	$2,362.0k	$2,471.0k	$2,490.0k	$1,381.0k
COGS	$1,844.0k	$1,852.0k	$1,852.0k	$708.0k
SG&A	$580.0k	$584.0k	$584.0k	$590.0k
Total Expenses	$2,424.0k	$2,436.0k	$2,436.0k	$1,298.0k
Net Profit ($k)	-$62.0k	$35.0k	$54.0k	$83.0k
Gross Profit Margin %	21.9%	25.1%	25.6%	48.7%
Net Profit Margin %	-2.6%	1.4%	2.2%	6.0%

What We Learned / "The Why" & Action Items

Service

Full month forecast: $520k ($250k in the bank; $33k in schedule stage; $237k from equipment sales)
(3) Service revenue (non-Fluor) turning around ($270-280k in October; $187k average in 3Q26)
10/28 actual: $451k ($250k up front; $201k downstream)
On VTO pace for the month? No; focus is now on Nov/Dec to win the last two months of the year
Lessons learned in October: (1) Weak service pipeline leaves no margin for error; (2) Mining opportunities for downstream revenue;

Recycling

(3) Using purchased scrap as an offset to "organic" variability
10/28 actual: $292k ($27k from counties; $265k from scrap)
Full month forecast: $297k ($30k from counties; $267k from scrap)
On VTO pace for the month? Yes, for October; November will be a challenge due to 17.5 business days (vs 22 days in October)
Lessons learned in October: (1) Value of municipal events (Loudoun, Arlington); (2) Cross-functional collaboration with Service, ITAD (shredded SSDs are always welcome!);

ITAD

(3) We have a clean / sharp looking processing area we can be proud to show clients
On VTO pace for the month? No; RR deal did not materialize this month
10/28 actual: $534k ($204k from e-commerce; $330k from wholesale)
Full month forecast: $811k ($228k e-commerce / $583k wholesale)
(4) AI is helping improve XX01 pipeline
Lessons learned in October: (1) Can't rely on large deals like hard drives to meet ITAD goals (2) Ops team is hungry and ready to process more material

Sales & Operational Leading Indicators

Indicator Name	Current Wk	13-Wk Avg	Variance
ITAD Revenue (Next 30 Days)	$2,211,874.0k	$1,504,246.0k	+$707,628.0k
Service Pipeline (Next 30 Days)	154,545	287,535	-132,990
Service Pipeline (Next 60 Days)	322,092	458,432	-136,340

Current Week Pace vs. Actual & Full-Month Outlook ($k)

8-Week Historical Actual Revenue Trend by Division ($k)

Full-Month P&L Progression Across Weeks (10-01-26)

P&L Line Item ($k)	10-07-26	10-14-26	10-21-26	10-28-26
Service Revenue	$467.0k	$505.0k	$516.0k	$520.0k
Recycling Revenue	$254.0k	$254.0k	$264.0k	$297.0k
ITAD Revenue	$1,861.0k	$1,927.0k	$1,940.0k	$811.0k
Intercompany	-$210.0k	-$205.0k	-$220.0k	-$237.0k
All Other Revenue	-$10.0k	-$10.0k	-$10.0k	-$10.0k
Total Revenue	$2,362.0k	$2,471.0k	$2,490.0k	$1,381.0k
COGS	$1,844.0k	$1,852.0k	$1,852.0k	$708.0k
SG&A	$580.0k	$584.0k	$584.0k	$590.0k
Total Expenses	$2,424.0k	$2,436.0k	$2,436.0k	$1,298.0k
Net Profit ($k)	-$62.0k	$35.0k	$54.0k	$83.0k
Gross Profit Margin %	21.9%	25.1%	25.6%	48.7%
Net Profit Margin %	-2.6%	1.4%	2.2%	6.0%

Operational & Commercial Leading Indicators vs. 13-Wk Benchmark

Indicator Name	Current Wk	13-Wk Avg	Variance
ITAD Revenue (Next 30 Days)	$2,211,874.0k	$1,504,246.0k	+$707,628.0k
Service Pipeline (Next 30 Days)	154,545	287,535	-132,990
Service Pipeline (Next 60 Days)	322,092	458,432	-136,340