We project revenue increased 20.5% from a year ago to $173 million in 4Q:25 and forecast EPS (including stock compensation expense) grew 49.5% to $0.53. Above average snowfall in the early part of this year's winter season augurs well for PLOW's fourth quarter results and the outlook for growth in the Attachments segment this year. At the end of 3Q:25, PLOW had net debt of $199 million, down from $205 million at the end of 3Q:24, and net leverage of 2.2x, down from 2.8x. We maintain our $42 price target based on 18x our 2027 EPS estimate of $2.34. Our moderate risk rating recognizes PLOW's track record of earnings and cash flow and its modestly leveraged balance sheet.