SHARPE
Reported results
- Net sales were $1,353 million for fiscal 2026, down 13% reported and down 3% organic (comprising 3-point volume/mix decline offset by 1-point pricing increase)
- Gross profit margin was 20.1%, down 130 basis points from prior year; adjusted gross profit margin was 20.5%, down 100 basis points from prior year
- Net loss was $305 million for fiscal 2026 versus $531 million in prior year; adjusted net loss was $16 million versus adjusted net income of $8 million in prior year
- Adjusted EBITDA was $89 million for fiscal 2026, down from $114 million in prior year; adjusted EBITDA margin was 6.6% (consolidated)
- Diluted loss per share was $3.36 for fiscal 2026 versus $5.89 in prior year; adjusted diluted loss per share was $0.17 versus adjusted diluted earnings per share of $0.09 in prior year
- Net cash provided by operating activities was $78 million for fiscal 2026 compared to $22 million in prior year; free cash flow was $58 million versus outflow of $3 million in prior year
Notes
Company announced definitive agreement to sell its International business in a separate press release issued same date. Total debt decreased from $705 million at beginning of fiscal year to $558 million at end of fourth quarter. Net secured leverage ratio was 4.5x at fiscal fourth quarter end. CEO stated assumption that company would ‘expect to become a more focused North American company’ pending completion of International business sale and debt maturity extension agreement with lenders.
Price and volatility reaction
Source
The figures above come from the earnings release the company filed with the SEC on 2026-09-14 (8-K, Item 2.02). Read the original filing on sec.gov.