Reported results
- Reported diluted EPS $0.81, up 50.0% year-over-year (GAAP)
- Adjusted diluted EPS $1.33, up 7.3% year-over-year (non-GAAP)
- Net sales $1,225.8 million, up 8.4% from $1,131.3 million (GAAP)
- Adjusted gross margin 35.0%, up from 34.4% in prior-year period (non-GAAP)
- Adjusted operating earnings margin 13.9%, up from 13.6% in prior-year period (non-GAAP)
- Professional segment net sales $1,012.6 million, up 8.8% from $930.8 million
Guidance
- Full-year net sales growth guidance 6.3% to 6.6% (raised from prior range of 4.0% to 6.5%)
- Full-year adjusted EPS guidance $4.60 to $4.65 (raised from prior range of $4.50 to $4.62) (non-GAAP)
Notes
Company completed Tornado Infrastructure Equipment acquisition on December 8, 2025. Non-cash impairment charges of $43.1 million recorded in Q3 fiscal 2026 related to manufacturing facility and product line exits. Productivity initiative (AMP) costs included in adjustments. The company does not provide quantitative reconciliation of adjusted diluted EPS guidance to GAAP diluted EPS due to uncertainty of future excluded items.
Price and volatility reaction
The stock moved -6.8% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -7.5 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 99.15 | 2026-09-02 |
| Close after release | 92.37 | 2026-09-03 |
| Realised move | -6.8% | close to close |
| 30d ATM IV change | -7.5 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 2026-09-03 (8-K, Item 2.02). Read the original filing on sec.gov.