SHARPE
Reported results
- Net sales were $178.7 million in third quarter 2026, an increase of 7.7% compared to $166.0 million in third quarter 2025.
- Operating profit was $11.5 million in third quarter 2026, compared to an operating loss of $3.2 million in third quarter 2025.
- Adjusted operating profit increased 47.9% to $13.6 million in third quarter 2026 from $9.2 million in third quarter 2025.
- Income from continuing operations was $13.5 million, or $0.37 per diluted share, in third quarter 2026, compared with a loss from continuing operations of $4.9 million, or $0.12 per diluted share, in third quarter 2025.
- Adjusted diluted earnings per share from continuing operations was $0.50 in third quarter 2026, an increase of 194.1% compared to $0.17 in third quarter 2025.
- Net cash used in operating activities of continuing operations was $66.7 million for third quarter 2026, compared to net cash provided by operating activities of $9.3 million in third quarter 2025.
Guidance
- Reaffirmed full-year 2026 adjusted diluted earnings per share outlook of $1.60 to $1.70.
- Forecasted full-year 2026 GAAP diluted earnings per share of $1.06 to $1.13.
- Expects 4% to 6% year-over-year sales growth across its combined Packaging and Specialty Products businesses for full-year 2026.
- Expects approximately 250 basis points of adjusted operating profit margin expansion year-over-year for full-year 2026.
Notes
The results of TriMas Aerospace, along with transaction-related costs, have been classified as discontinued operations for all periods presented following its divestiture on March 16, 2026.
Price and volatility reaction
The stock moved -1.7% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved +9.1 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 39.36 | 2026-10-28 |
| Close after release | 38.68 | 2026-10-29 |
| Realised move | -1.7% | close to close |
| 30d ATM IV change | +9.1 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.