SHARPE
Reported results
- Net sales of $6.5 billion (GAAP) for Q3 2026, compared to $4.8 billion in Q3 2025
- Operating income of $1.0 billion (GAAP) for Q3 2026, compared to $507.8 million in Q3 2025
- Net income of $756 million (GAAP) or $5.26 per diluted share for Q3 2026, compared to $403.7 million or $2.74 per diluted share in Q3 2025
- Adjusted EBITDA of $1.2 billion (non-GAAP) for Q3 2026, compared to $663.8 million in Q3 2025
- Cash flow from operations of $846 million for Q3 2026, compared to $722.6 million in Q3 2025
- Record steel shipments of 3.8 million tons in Q3 2026; average external steel selling price of $1,400 per ton
Guidance
- Company expects aluminum volumes and profitability to improve in Q4 2026 and throughout 2027 as startup costs subside, utilization and yields improve, and scrap content increases
- For 2027 and beyond, company expects steel and aluminum consumption to benefit from continued investment in infrastructure, manufacturing, energy, and data centers
Notes
Non-cash asset impairment charges of $16.5 million were recorded in YTD 2026. Aluminum operations had operating loss of $26 million in Q3 2026 but achieved EBITDA breakeven for the quarter. Company achieved three-year after-tax return on invested capital of 13%.
Price and volatility reaction
The stock moved -0.3% on the print. No front-expiry chain was on file, so there is no straddle expected move.
| Measure | Value | Basis |
|---|---|---|
| Close before release | 245.17 | 2026-10-19 |
| Close after release | 244.37 | 2026-10-20 |
| Realised move | -0.3% | close to close |
Source
The figures above come from the earnings release the company filed with the SEC on 2026-10-20 (8-K, Item 2.02). Read the original filing on sec.gov.