SHARPE
Reported results
- GAAP total reported sales increased 6% to $1.094 billion for the third quarter of 2026.
- GAAP net earnings per diluted share (EPS) were $12.29, compared with $10.57 in the prior-year period.
- Non-GAAP Adjusted EPS was $12.57, representing an increase of 13% over the prior-year amount of $11.15.
- GAAP earnings before taxes were $300.2 million, compared with $269.2 million in the prior-year period.
- Non-GAAP Adjusted Operating Profit was $333.5 million, compared with $309.9 million in the prior-year period.
- Non-GAAP local currency sales increased 6% compared with the prior-year period.
Guidance
- For the fourth quarter of 2026, management anticipates local currency sales will increase approximately 5% and non-GAAP Adjusted EPS is forecast to be $14.84 to $15.04.
- For the full year 2026, management anticipates local currency sales will increase approximately 5% (excluding tariff refunds to customers) and non-GAAP Adjusted EPS is forecast to be in the range of $47.70 to $47.90.
- For the full year 2027, management anticipates local currency sales growth of approximately 5% and non-GAAP Adjusted EPS in the range of $52.50 to $53.50.
Notes
Non-GAAP results exclude a one-time $52 million benefit from IEEPA tariff refunds that benefited Cost of Sales, as well as a one-time $28 million related refund to customers that reduced Net Sales in the second quarter of 2026.
Price and volatility reaction
The stock moved +2.6% on the print. No front-expiry chain was on file, so there is no straddle expected move.
| Measure | Value | Basis |
|---|---|---|
| Close before release | 1679.08 | 2026-11-05 |
| Close after release | 1722.15 | 2026-11-06 |
| Realised move | +2.6% | close to close |
Source
The figures above come from the earnings release the company filed with the SEC on 2026-11-05 (8-K, Item 2.02). Read the original filing on sec.gov.