Reported results
- Net sales increased 11.8% to $193.3 million for the third quarter of 2026 compared to $172.8 million for the third quarter of 2025.
- Net income was $22.7 million, or $0.86 per share, for the third quarter of 2026 compared to $11.3 million, or $0.43 per share, for the third quarter of 2025.
- Non-GAAP adjusted earnings per share was $0.86 for the third quarter of 2026 compared to $0.52 for the third quarter of 2025.
- Operating income was $33.9 million for the third quarter of 2026 compared to $21.5 million for the third quarter of 2025.
- Non-GAAP adjusted EBITDA was $41.8 million for the third quarter of 2026 compared to $32.3 million for the third quarter of 2025.
- Gross profit was $64.5 million, resulting in gross margin of 33.4%, for the third quarter of 2026 compared to $50.4 million and gross margin of 29.2% for the third quarter of 2025.
Guidance
- Capital expenditures for the full-year 2026 are presently planned to be approximately $22.0 - $24.0 million.
Price and volatility reaction
The stock moved +5.2% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -10.2 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 70.13 | 2026-10-22 |
| Close after release | 73.76 | 2026-10-23 |
| Realised move | +5.2% | close to close |
| 30d ATM IV change | -10.2 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 2026-10-23 (8-K, Item 2.02). Read the original filing on sec.gov.
