Reported results
- GAAP earnings per diluted share (EPS) from continuing operations was $1.66, up 6% compared to a year ago.
- Non-GAAP adjusted EPS from continuing operations was a record $2.05, up 23% compared to a year ago.
- Total GAAP net sales of $754.6 million increased 28.1% year-over-year, driven by core growth of 7.7%.
- GAAP operating profit was $140.6 million with a GAAP operating margin of 18.6%.
- Non-GAAP adjusted operating profit was $169.9 million with a non-GAAP adjusted operating margin of 22.5%.
- Cash generated from operating activities from continuing operations was $128.4 million, and non-GAAP adjusted free cash flow from continuing operations was $126.4 million.
Guidance
- Raised and narrowed full-year 2026 non-GAAP adjusted EPS outlook to a range of $7.23-$7.38.
- Full-year 2026 total sales are expected to increase approximately 26% at the midpoint.
- Full-year 2026 non-GAAP adjusted segment operating margin expected to be approximately 24.0%.
- Full-year 2026 corporate cost expected to be approximately $80-$85 million.
- Full-year 2026 net non-operating expense expected to be approximately $58 million.
- Full-year 2026 non-GAAP adjusted tax rate expected to be approximately 23.0% and diluted shares of ~59 million.
Notes
Non-GAAP adjusted net sales, non-GAAP adjusted operating profit, and non-GAAP adjusted EPS exclude all impact from tariff recoveries.
Price and volatility reaction
The stock moved +2.9% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -10.6 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 192.89 | 2026-10-27 |
| Close after release | 198.42 | 2026-10-28 |
| Realised move | +2.9% | close to close |
| 30d ATM IV change | -10.6 vol pts | constant-maturity series, not the front expiry |
Source
The figures above come from the earnings release the company filed with the SEC on 2026-10-27 (8-K, Item 2.02). Read the original filing on sec.gov.
