SHARPE
Reported results
- Net sales of $2,726.6 million increased 212% compared to $872.9 million in the prior year quarter; Kloeckner contributed $1,772.7 million to net sales.
- Operating income of $56.0 million compared to $48.3 million in the prior year quarter.
- Net loss from continuing operations attributable to controlling interest of $7.0 million compared to net earnings of $36.8 million in the prior year quarter; diluted loss per share of $0.14 vs. $0.73.
- Adjusted EBIT (non-GAAP) of $78.5 million compared to $55.5 million in the prior year quarter.
- Adjusted EBITDA (non-GAAP) of $111.0 million compared to $78.8 million in the prior year quarter; adjusted diluted EPS (non-GAAP) of $0.57 vs. $0.77.
- Free cash flow (non-GAAP) was negative $69.0 million compared to negative $35.7 million in the prior year quarter; net debt was $1,948.2 million as of August 31, 2026.
Notes
On June 3, 2026, the Company completed acquisition of a majority interest (approximately 62%) in Kloeckner & Co SE. Results include Kloeckner from the acquisition date. Kloeckner’s results are reflected as consolidated operations with noncontrolling interests. Certain Kloeckner business units meeting held-for-sale criteria are reported as discontinued operations. A Domination and Profit and Loss Transfer Agreement (DPLTA) was entered into on September 8, 2026, subject to Kloeckner shareholder approval and registration, expected to become effective no earlier than January 1, 2027. Adjusted EBITDA metric was updated to include full adjusted EBITDA of consolidated operations including noncontrolling interests; prior-year periods were recast to conform. The Company declared a quarterly dividend of $0.16 per share payable December 28, 2026.
Price and volatility reaction
The stock moved -6.9% on the print. No front-expiry chain was on file, so there is no straddle expected move.
| Measure | Value | Basis |
|---|---|---|
| Close before release | 38.19 | 2026-10-06 |
| Close after release | 35.56 | 2026-10-07 |
| Realised move | -6.9% | close to close |
Source
The figures above come from the earnings release the company filed with the SEC on 2026-10-07 (8-K, Item 2.02). Read the original filing on sec.gov.