Subsequent Events

12 Months Ended

Oct. 31, 2025

Subsequent Events [Abstract]

Subsequent Events

16 Subsequent Events

Acquisition of Tornado Infrastructure Equipment, Ltd. ("Tornado Infrastructure Equipment")

On October 6, 2025, the company entered into an Arrangement Agreement ("Purchase Agreement") to acquire Tornado Infrastructure Equipment Ltd., a publicly held Calgary, Alberta company, a manufacturer in the hydrovac excavation solutions industry, for a purchase price of CAD $279.3 million in cash, representing CAD $1.92 per share. On December 8, 2025, ("Tornado Infrastructure Equipment closing date"), pursuant to the Purchase Agreement, the company completed its acquisition of Tornado Infrastructure Equipment. Tornado Infrastructure Equipment manufactures hydrovac excavation solutions and industrial equipment solutions for the underground construction, power transmission and energy markets and provides innovative product offerings that broaden and strengthen the company's Professional segment and expands its dealer network.

As a result of the acquisition, all of the outstanding equity securities of Tornado Infrastructure Equipment were canceled and now only represent the right to receive the applicable consideration as described in the Purchase Agreement. The company funded the acquisition with borrowings under its existing revolving credit facility and additional financial arrangements. Due to the limited time since the Tornado Infrastructure Equipment closing date, at this time it is impracticable for the company to make the additional disclosures required under the accounting standards codification guidance for business combinations as the company is still gathering information necessary to provide such disclosures.

The company has evaluated all additional subsequent events and concluded that no other subsequent events have occurred that would require recognition in the Consolidated Financial Statements or disclosure in the Notes to the Consolidated Financial Statements.