SHARPE
Reported results
- Net income of $18.4 million compared to $1.3 million in prior year Q2; includes $16.3 million tariff refund impact
- Diluted EPS of $0.50 (GAAP) compared to $0.04 in prior year Q2; includes $0.44 per share impact from tariff refunds
- Adjusted EBITDA of $27.0 million compared to $12.0 million in prior year Q2; includes $16.3 million tariff refund impact
- Gross margin of 72.8% of net sales compared to 54.7% in prior year Q2; excluding tariff refunds, gross margin was 59.6%, an expansion of 490 basis points
- Net sales decreased 7.8% to $121.4 million; inventory decreased $22.9 million or 15.5% versus last year
- Cash and cash equivalents of $26.8 million with net liquidity of $96.1 million and zero outstanding debt on the $70.0 million Asset Based Lending facility
Guidance
- Fiscal 2026 net sales guidance range: $540 million to $560 million (affirmed)
- Fiscal 2026 Adjusted EBITDA guidance raised to $38 million to $42 million, compared to previous guidance of $28 million to $32 million (including tariff refunds)
- Fiscal 2026 capital expenditures approximately $12 million, inclusive of software hosting implementation costs (affirmed)
Notes
Q2 2026 results include significant impact of $16.3 million tariff refunds recorded as reduction to cost of goods sold. Excluding tariff refunds, gross margin was 59.6% (490 basis points expansion). Six-month results also provided in financial tables.
Price and volatility reaction
Source
The figures above come from the earnings release the company filed with the SEC on 2026-09-03 (8-K, Item 2.02). Read the original filing on sec.gov.