SHARPE
Reported results
- Worldwide net sales were $555 million for the third quarter, up 4 percent over the prior year.
- GAAP reported earnings per share for the third quarter was $1.37, compared to non-GAAP diluted earnings per share, excluding special items, of $1.53.
- Reported operating income was $65 million, while operating income, excluding special items, was $72 million.
- Reported operating margin was 11.7 percent of sales, while operating margin, excluding special items, was 12.9 percent.
- Cash flow from operations was $76 million and non-GAAP free cash flow was $52 million in the third quarter.
Guidance
- The company remains on track to achieve mid-single-digit revenue growth for the full year.
- The company estimates two new technology opportunities in rare earths and steel slag could create over $200 million in revenue over the next five years.
Notes
Special items for the quarter include $6.7 million in litigation expenses connected to the Chapter 11 bankruptcy of subsidiary BMI Oldco Inc. and talc-related product lawsuits.
Price and volatility reaction
The stock moved +1.3% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -0.2 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 61.83 | 2026-10-29 |
| Close after release | 62.6161 | 2026-10-30 |
| Realised move | +1.3% | close to close |
| 30d ATM IV change | -0.2 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 2026-10-29 (8-K, Item 2.02). Read the original filing on sec.gov.