Redeye updates its estimates and valuation after Lifco’s Q3 2025 report. Q3 figures aligned with our projections, and organic growth came in solid, particularly for Demolition & Tools. Parts of Systems Solutions continue to face organic headwinds, and Lifco’s FX headwinds are likely to persist into early 2026e. We consider this quarter's performance to be decent and expect the company to maintain its year-to-date M&A momentum.

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