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NEW YORK, June 23, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Graphic Packaging Holding Company (“Graphic Packaging” or the “Company”) (NYSE: GPK) and certain of its former officers. The class action, filed in the United States District Court for the Southern District of New York, and docketed under 26-cv-03790, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Graphic Packaging securities between February 4, 2025 and February 2, 2026, both dates inclusive (the “Class Period”), seeking to recover damages caused by Defendants’ violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder, against the Company and certain of its former top officials.

If you are an investor who purchased or otherwise acquired Graphic Packaging securities during the Class Period, you have until July 6, 2026, to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Danielle Peyton at [email protected] or 646-581-9980 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.

[Click here for information about joining the class action]

Graphic Packaging, together with its subsidiaries, designs, produces, and sells consumer packaging products.  Its customers include businesses in the food, foodservice, beverage, household, and other consumer product industries in the Americas, Europe, and the Asia Pacific.  The Company sells its products through sales offices, as well as through broker arrangements with third parties.

At all relevant times, Defendants touted the purported strength and stability of Graphic Packaging’s business model and operations, as well as its purported ability to deliver on its cost and inventory reduction, free cash flow (FCF”), and profitability goals, notwithstanding ongoing and persistent market headwinds challenging the Company’s and its customers’ businesses.

Indeed, in February 2025, despite its President and Chief Executive Officer (“CEO”), Defendant Michael P. Doss (“Doss”), acknowledging “unusual volume challenges for the industry and our customers” over the past several years, Graphic Packaging forecasted full year (“FY”) 2025 net sales, adjusted EBITDA, and adjusted earnings per share (“EPS”) of $8.7 billion to $8.9 billion, $1.68 billion to $1.78 billion, and $2.53 to $2.78, respectively, excluding foreign exchange impacts.  Defendant Doss attributed the Company’s ability to weather the aforementioned headwinds to its overall business model and operations, asserting that Defendants would continue to “build on” the Company’s “consisten[t]” and “profit[able]” and “strong and steady” results in 2025.

The complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations, and prospects.  Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Graphic Packaging was experiencing, inter alia, significant inventory management issues, as well as significantly reduced demand and volumes and increased costs; (ii) Defendants downplayed the true scope and severity of the foregoing issues, which were likely to, and did, have a material negative impact on the Company’s business and financial results; (iii) Defendants likewise overstated the strength and sustainability of the Company’s business model and operations, as well as its ability to weather ongoing macroeconomic headwinds; (iv) accordingly, the Company’s previously issued FY 2025 financial guidance was unreliable and/or unrealistic; and (v) as a result, Defendants’ public statements were materially false and misleading at all relevant times.

The truth began to emerge on May 1, 2025, when Graphic Packaging issued a press release reporting its first quarter (“Q1”) 2025 financial results.  Among other results, the press release reported Q1 non-GAAP EPS of $0.51, missing consensus estimates by $0.07, and revenue of $2.12 billion, representing a 6.2% year-over-year decline, and missing consensus estimates by $10 million.  The press release further revealed that the Company had negatively revised its previously issued FY 2025 net sales outlook to a range of $8.2 billion to $8.5 billion, significantly down from its prior guidance of $8.7 billion to $8.9 billion; its adjusted EBITDA outlook to a range of $1.4 billion to $1.6 billion, significantly down from its prior guidance of $1.68 billion to $1.78 billion; and its adjusted EPS outlook to a range of $1.75 to $2.25, significantly down from its prior guidance of $2.53 to $2.78.  The Company blamed the negatively revised guidance on “an expectation of a 2% volume decline and $80 million of input cost inflation at the midpoint”, as well as “higher macroeconomic and consumer spending uncertainty.”

On this news, Graphic Packaging’s stock price fell $3.94 per share, or 15.57%, to close at $21.37 per share on May 1, 2025.

On December 8, 2025, Graphic Packaging issued a press release announcing that it “plans to accelerate certain inventory reduction plans into the fourth quarter that were originally planned for 2026”, and that “[p]roduction curtailment is expected to impact fourth quarter operating results by $15 million, which is in addition to the $15 million relating to” certain earlier-announced curtailments.  The Company further revealed that it had negatively revised its FY 2025 financial guidance again, now expecting its adjusted EBITDA “to be in the range of $1.38 billion to $1.43 billion”—significantly below its previously revised guidance of $1.4 billion to $1.45 billion—and adjusted EPS “to be in the range of $1.75 to $1.95”—significantly below its previously revised guidance of $1.80 to $2.00.

In a separate press release issued the same day, Graphic Packaging announced that Defendant Doss had “mutually agreed with [its] Board of Directors to step down from his role [as President and CEO] and as a director effective December 31, 2025.”

Following these disclosures, Graphic Packaging’s stock price fell $1.35 per share, or 8.66%, to close at $14.23 per share on December 9, 2025.

Then, on February 3, 2026, Graphic Packaging issued a press release reporting its fourth quarter (“Q4”) and FY 2025 financial results.  Among other results, Graphic Packaging reported Q4 non-GAAP EPS of $0.29, missing consensus estimates by $0.06.  The Company attributed its disappointing Q4 2025 earnings results to, inter alia, lower volumes, increased costs, and inventory reduction.  Further, Graphic Packaging projected a meaningful decline in adjusted EBITDA in 2026, citing “a $130 million negative impact from actions taken to reduce inventory and generate [FCF], an approximately $100 million accrual (non-cash in 2026) for a return to more normal incentive compensation, January weather and production impacts, and other largely offsetting operating items.”

In the same press release, Graphic Packaging’s new President and CEO, Robbert Rietbroek, announced that he had “initiated a comprehensive review of our organization structure, operations, and footprint,” among other aspects of the Company’s business, thereby confirming the weakness and unsustainability of its present business model and operations.

On this news, Graphic Packaging’s stock price fell $2.36 per share, or 15.97%, to close at $12.42 per share on February 3, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.

 Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980

NEW YORK, June 24, 2026 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP announces that a shareholder has filed a securities class action lawsuit on behalf of investors (the “Class”) who purchased or acquired the securities of Graphic Packaging Holding Company (“Graphic Packaging” or the “Company”) (NYSE: GPK) between February 4, 2025 and February 2, 2026, inclusive.

Should You Join The Graphic Packaging Class Action Lawsuit?

Do you, or did you, own shares of Graphic Packaging Holding Company (NYSE: GPK)?
Did you purchase your shares between February 4, 2025 and February 2, 2026, inclusive?
Did you lose money in your investment in Graphic Packaging Holding Company?
What To Do Next:

If you purchased or acquired Graphic Packaging securities, and/or would like to discuss your legal rights and options please visit Graphic Packaging Holding Company Shareholder Class Action Lawsuit or contact Investor Relations Manager Peter Allocco at (212) 951-2030 or [email protected].

If you wish to serve as lead plaintiff for the Class, you must file papers by July 6, 2026. A lead plaintiff is a representative party acting on other class members’ behalf in directing the litigation. Your ability to share in any recovery doesn’t require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.

All representation is on a contingency fee basis. Shareholders pay no fees or expenses.

About The Lawsuit:

The lawsuit alleges that defendants made materially false and misleading statements and omissions regarding the Company’s business operations, growth prospects, and financial stability. As a result of these alleged misrepresentations, Graphic Packaging securities traded at artificially inflated prices during the Class Period. When the truth was disclosed, investors allegedly suffered significant losses.

About Bernstein Liebhard:

Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of class actions, the Firm has been named to The National Law Journal’s “Plaintiffs’ Hot List” thirteen times and listed in The Legal 500 for sixteen consecutive years.

ATTORNEY ADVERTISING. © 2026 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Contact Information:

Peter Allocco
Investor Relations Manager
Bernstein Liebhard LLP
https://www.bernlieb.com
(212) 951-2030
[email protected]

F5 Launches AI Security Platform to Put Security Leaders in Control of Enterprise AI Risk F5 (NASDAQ: FFIV), the global leader in delivering and securing every app and API, today introduced the F5 AI Security Platform to give CISOs continuous visibility, governance, and protection across enterprise AI applications, models, agents, and the APIs connecting them. F5 also announced the acquisition of SurePath AI, a pioneer in network-based AI discovery, intent classification, and shadow AI detection, as a key component in the launch of the new F5 AI Security Platform to safeguard enterprise AI deployments.

Through a continuous, adaptive loop approach to governing, discovering, testing, and protecting enterprise AI workloads, the new platform is designed to extend F5’s Application Delivery and Security Platform (ADSP) strategy to enterprise AI. As a global cybersecurity leader, F5 recognized the AI deployment realities of large enterprises, building the F5 AI Security Platform to support on-premises, air-gapped, private cloud, hybrid, and public cloud environments. This is intended to give organizations greater control over AI security where data residency, sovereignty, and operational requirements are non-negotiable.

AI systems now operate with more access, autonomy, and speed than even the most over-privileged human users, creating new risks for security teams and business leaders. A prompt injection, data leak, or agent acting beyond its authorized scope can expose sensitive information, disrupt operations, and erode customer trust.

At the same time, employees are adopting unauthorized tools and unsanctioned integrations, creating shadow AI footprints that most security teams cannot see, let alone govern. According to F5’s 2026 State of Application Strategy (SOAS) Report, 88% of organizations report at least one AI-related operational or security challenge.

“Most AI security today is a wrapper around a chatbot. That is not security,” said Kunal Anand, Chief Product Officer, F5. “Enterprises run AI inside regulated networks, behind APIs, and across agents that authenticate and act on their own. The F5 AI Security Platform gives CISOs and security leaders what they have been missing: continuous control over every model, agent, and API, wherever the AI runs, delivered on the same F5 platform that has secured and delivered enterprise applications for three decades.”

SurePath AI: Closing the AI visibility gap

The addition of SurePath AI powers the F5 AI Security Platform’s approach to network-based AI discovery, identifying AI usage across the enterprise, including shadow AI, without requiring direct application integrations. With frictionless deployment through network redirects and out-of-band analysis, SurePath AI gives security teams a unified visibility layer that detects unauthorized AI activity, classifies the intent behind each workflow, and continuously traces agent tool calls and MCP server connections. This visibility feeds directly into the F5 AI Security Platform, informing the risks to be tested by F5 AI Red Team and mitigated by F5 AI Guardrails.

Delivering a continuous cycle of protection

The F5 AI Security Platform addresses AI risk through four integrated pillars and an overarching observability layer that creates a persistent security lifecycle rather than a one-time compliance exercise. Features include:

AI governance: Translate specific risk tolerances, privacy requirements, and regulatory obligations into enforceable boundaries for AI prompts, outputs, tool use, and data access.

AI discovery: Gain continuous visibility into every AI application, agent, and MCP tool call running across the enterprise, whether sanctioned or not. The platform classifies activity by use case and intent, so teams know not just what is running but why. SurePath AI’s network-based discovery does this passively, with no application-level integration required.

AI security testing: Stress-test AI systems against more than 140,000 attack patterns from the deepest AI threat database in the industry before those systems reach production, converting findings directly into enforceable defenses.

AI runtime protection: Define guardrails in plain language and deploy them at the point of interaction, where the platform has demonstrated up to 98.2% security efficacy in independent testing, blocking prompt injection, excessive agent autonomy, and data leakage.

AI observability: Provide a complete audit trail across every AI interaction on the platform, maintaining the accountability and traceability that regulated industries require.

The flexibility to deploy anywhere without compromise

With this new solution, F5 uniquely combines AI security capabilities with flexible deployment options, enabling enterprises to operate across on-premises, air-gapped, private cloud, hybrid, and public cloud deployments. This is especially valuable to CISOs in highly regulated industries with exacting data residency and sovereignty requirements. SurePath AI’s lightweight network-based deployment model reinforces this flexibility, requiring no changes to existing application architectures.

Heightened visibility is increasingly critical as AI agents proliferate. F5’s 2026 SOAS Report states 98% of organizations are preparing for agentic AI, but the speed of agent adoption is outpacing the controls designed to manage it. When agents can authenticate, call tools, access data, and take actions autonomously, the blast radius of a single misconfiguration or exploit grows exponentially.

Supporting resources

F5 AI Security Platform – Details

The F5 AI Security Platform: Eliminating the guesswork from AI security – F5 blog

AI Summit: Accelerate AI adoption – F5 virtual event

About F5

F5, Inc. (NASDAQ: FFIV) is the global leader that delivers and secures every app. Backed by three decades of expertise, F5 has built the industry’s premier platform—F5 Application Delivery and Security Platform (ADSP)—to deliver and secure every app, every API, anywhere: on-premises, in the cloud, at the edge, and across hybrid, multicloud environments. F5 is committed to innovating and partnering with the world’s largest and most advanced organizations to deliver fast, available, and secure digital experiences. Together, we help each other thrive and bring a better digital world to life.

For more information visit [url="]f5.com [/url]
Explore F5 Labs threat research at [url="]f5.com/labs [/url]
Follow to learn more about F5, our partners, and technologies:

Blog | LinkedIn | X | YouTube | Instagram | Facebook

F5 and SurePath AI are trademarks, service marks, or tradenames of F5, Inc. or its affiliates in the U.S. and other countries. All other product and company names herein may be trademarks of their respective owners.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260622960969/en/

Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.

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New York, New York--(Newsfile Corp. - June 21, 2026) - Bronstein, Gewirtz & Grossman, LLC, a nationally recognized investor-rights law firm, announces that a class action lawsuit has been filed against Verra Mobility Corporation (NASDAQ: VRRM) and certain of its officers.

This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Verra securities between February 24, 2026 and May 26, 2026, both dates inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: bgandg.com/VRRM.

Verra Case Details

The Complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements and/or failed to disclose that:

Defendants misrepresented the nature and stability of Verra's relationship with Avis Budget Group ("Avis"), including the likelihood of securing a contract extension; Defendants downplayed the risk that major rental car companies, including Avis, could replace Verra's services with in-house solutions or alternative third-party providers; and as a result, Defendants' statements about the Company's business, operations, and prospects were materially false and misleading at all relevant times.What's Next for Verra Investors?

A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm's site: bgandg.com/VRRM, or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 917-590-0911. If you suffered a loss in Verra you have until August 4, 2026, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff.

No Cost to Verra Investors

We, Bronstein, Gewirtz & Grossman LLC, represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.

Why Bronstein, Gewirtz & Grossman, LLC for Verra Securities Class Action?

Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. More at www.bgandg.com

"Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace," said Peretz Bronstein, Founding Partner of Bronstein, Gewirtz & Grossman, LLC.

Follow us for updates on LinkedIn, X, Facebook, or Instagram.

Attorney advertising.
Prior results do not guarantee similar outcomes.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/300540

Source: Bronstein, Gewirtz & Grossman, LLC

Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.

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NEW YORK, June 21, 2026 (GLOBE NEWSWIRE) --

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Verra Mobility Corporation (NASDAQ: VRRM) between February 24, 2026 and May 26, 2026, inclusive (the “Class Period”), of the important August 4, 2026 lead plaintiff deadline.

SO WHAT: If you purchased Verra scommon stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Verra class action, go to https://rosenlegal.com/cases/verra-mobility-corporation-2026/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 4, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the complaint, defendants provided overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning the true state of Verra’s relationship with Avis Budget Group (“Avis”), and in particular obtaining a contract extension with Avis. Further, Verra minimized concerns that major rent-a-cars could replace Verra with in-house solutions or outsourced alternatives. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Verra class action, go to https://rosenlegal.com/cases/verra-mobility-corporation-2026/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

        Laurence Rosen, Esq.
        Phillip Kim, Esq.
        The Rosen Law Firm, P.A.
        275 Madison Avenue, 40th Floor
        New York, NY 10016
        Tel: (212) 686-1060
        Toll Free: (866) 767-3653
        Fax: (212) 202-3827
        [email protected]
        www.rosenlegal.com

SAN FRANCISCO, June 22, 2026 (GLOBE NEWSWIRE) -- Verra Mobility Corporation (NASDAQ: VRRM) faces a securities class action lawsuit after revelations that one of the company’s three largest Commercial Services customers (Avis Budget Group) terminated renewal negotiations. The suit seeks to represent investors who purchased or otherwise acquired Verra common stock between February 24, 2026 and May 26, 2026.

The firm encourages Verra investors who suffered substantial losses to submit your losses now. The firm also encourages persons with knowledge of events surrounding Verra’s receipt of Avis’ termination notice who may be able to assist the investigation to contact its attorneys.

View our latest video summary of the allegations: youtu.be/FVEw5XACoGA

Class Period: Feb. 24, 2026 – May 26, 2026
Lead Plaintiff Deadline: Aug. 4, 2026
Visit: www.hbsslaw.com/investor-fraud/vrrm
Contact the Firm Now: [email protected]
                                        844-916-0895

Verra Mobility Corporation (VRRM) Securities Class Action:

The complaint alleges Verra made false and misleading statements and did not disclose important information to investors about the true state of the Verra/Avis relationship and the likelihood of Verra receiving an Avis contract renewal.

Investors’ expectations were dashed when the truth was revealed on May 26, 2026. That day, Verra disclosed that it received a termination notice effective September 2026 from Avis regarding the companies’ contract, that it is taking immediate actions to cut costs, adapt operations, and reposition its business, and revised its 2026 outlook that significantly deviated from that given just twenty days prior.

Verra also revealed that it was reviewing the parties’ negotiations and handling of confidential information.

The news promptly sent the price of Verra shares 70% crashing lower on May 27, 2026, amputating $1.4 billion from the company’s market capitalization in a single day.

Five days after the bombshell announcements, on May 31, 2026, CEO Roberts departed from his employment and from the board of directors.

“Our investigation is focused on the extent to which and when Verra and its executives knew that renegotiations with Avis were far from constructive, as the May 26 surprise reveals,” said Reed Kathrein, the Hagens Berman partner leading the firm’s investigation.

If you invested in Verra and have substantial losses, or have knowledge that will assist the firm’s investigation, submit your losses now.

If you’d like more information and answers to other frequently asked questions about the Verra case and the firm’s investigation, read more.

Whistleblowers: Persons with non-public information regarding Verra should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email [email protected].

About Hagens Berman
Hagens Berman is a global plaintiffs’ rights complex litigation firm focusing on corporate accountability. The firm is home to a robust practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and other wrongdoings. Hagens Berman’s team has secured more than $2.9 billion in this area of law. More about the firm and its successes can be found at hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw. 

Contact:
Reed Kathrein, 844-916-0895

Did you buy VRRM common stock between February 24, 2026 and May 26, 2026?

Affected VRRM Investor Summary

Who: Verra Mobility Corporation (NASDAQ: VRRM)What: Securities fraud class action lawsuit filedClass Period: February 24, 2026 through May 26, 2026Deadline to Seek Lead Plaintiff Status: August 4, 2026Key Lawsuit Allegations: Material misstatements and/or omissions concerning the company’s continued growth in its Commercial Services business and contract with Avis Budget Group.Investor Action: Contact Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) for recovery options RADNOR, Pa., June 22, 2026 (GLOBE NEWSWIRE) -- Kessler Topaz Meltzer & Check, LLP (www.ktmc.com), a nationally recognized securities litigation law firm, informs investors that a securities fraud class action lawsuit has been filed against Verra Mobility Corporation (Verra) (NASDAQ: VRRM) on behalf of those who purchased or acquired Verra common stock between February 24, 2026 and May 26, 2026, inclusive. The lawsuit is filed in the United States District Court for the District of Arizona and is captioned Otucu v. Verra Mobility Corporation, Case No.2:26-cv-03973 (D. Ariz.). Investors have until August 4, 2026, to file for lead plaintiff status.

CONTACT KTMC TO DISCUSS YOUR LEGAL RIGHTS:
If you purchased or acquired Verra common stock and have lost money on your investment, you are encouraged to contact KTMC attorney Jonathan Naji, Esq. at:

Phone: (484) 270-1453
Email: [email protected]
Website: https://www.ktmc.com/vrrm-verra-mobility-corporation-class-action-lawsuit?utm_source=Globe&utm_medium=pressrelease&utm_campaign=vrrm&mktm=PR

There is no cost or obligation to speak with an attorney.

VERRA MOBILITY CORPORATION CLASS ACTION LAWSUIT - COMPLAINT ALLEGATION SUMMARY:
The complaint alleges that, throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) Verra’s optimistic plan for continued growth in its Commercial Services business was dependent on its relationship with Avis, and in particular obtaining a contract extension with Avis Budget Group; (2) Verra minimized concerns that major rent-a-car customers could replace Verra with in-house solutions or outsourced alternatives, making Verra’s 2026 full year guidance increasingly unlikely to be met; and (3) as a result, Defendants’ positive statements about the company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

Why did Verra’s Stock Drop?
On May 26, 2026, Verra disclosed that the company had received a termination notice from Avis Budget Group regarding its contract, which becomes effective in September 2026. Verra further disclosed that it “expects the termination to reduce Commercial Services’ 2026 annualized revenue by approximately $135 million to $145 million and 2026 annualized segment profit by approximately $120 million to $125 million, before taking into account expected cost reduction initiatives.” Verra accordingly lowered its full year 2026 financial outlook. On this news, Verra’s stock price fell $9.23 per share, or 70.6%, to close at $3.85 per share on May 27, 2026.

On June 1, 2026, Verra announced that its President and Chief Executive Officer had been terminated as “the Board determined that a change in leadership [was] needed[.]”

WHAT VRRM INVESTORS CAN DO NOW:

File to be lead plaintiff by August 4, 2026.Contact KTMC for a free case evaluation. All representation is on a contingency fee basis, there is no cost to you.Retain counsel of choice or take no action.
THE LEAD PLAINTIFF PROCESS FOR VERRA MOBILITY CORPORATION INVESTORS:
Verra investors may, no later than August 4, 2026, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff.

Kessler Topaz Meltzer & Check, LLP encourages Verra investors to contact the firm for more information.

ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP (KTMC):

Kessler Topaz Meltzer & Check, LLP (KTMC) is a leading U.S. plaintiff-side law firm focused on securities-fraud class actions and global investor protection. The firm represents individual investors as well as institutions, such as major pension funds, asset managers, and international investors. KTMC has led some of the largest recoveries in securities litigation and has been recognized by peers and the legal media with numerous accolades, including The National Law Journal’s Plaintiff’s Hot List and Trailblazers in Plaintiffs' Law, BTI Consulting Group’s Honor Roll of Most Feared Law Firms, The Legal Intelligencer’s Class Action Firm of the Year, Lawdragon’s Leading Plaintiff Financial Lawyers, and Law360’s Titans of the Plaintiffs Bar. The firm operates globally with offices in Pennsylvania and California. KTMC has recovered over $25 billion for our clients and the classes they represent. For more information about Kessler Topaz Meltzer & Check, LLP, please visit www.ktmc.com. The complaint in this matter was not filed by KTMC.

CONTACT:

Jonathan Naji, Esq.
(484) 270-1453
280 King of Prussia Road
Radnor, PA 19087
[email protected]

May be considered attorney advertising in certain jurisdictions. Past results do not guarantee future outcomes.

LOS ANGELES, June 23, 2026 (GLOBE NEWSWIRE) -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Verra Mobility Corporation (“Verra” or “the Company”) (NASDAQ: VRRM) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company’s securities between February 24, 2026, and May 26, 2026, inclusive (the “Class Period”), are encouraged to contact the firm before August 4, 2026.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Verra misled investors about its growth prospects. The Company downplayed the risk of major customers in the rental car industry replacing its services with in-house solutions. The Company concealed the fact that its relationship with Avis Budget Group, which represented 10% of its revenue, was at significant risk of falling apart. The Company finally revealed that Avis Budget Group terminated its relationship on May 26, 2026. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Verra, investors suffered damages.

Join the case to recover your losses

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.        

CONTACT:

The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
[email protected]

SOURCE:

The Schall Law Firm

, /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM) faces a securities class action lawsuit after revelations that one of the company's three largest Commercial Services customers (Avis Budget Group) terminated renewal negotiations. The suit seeks to represent investors who purchased or otherwise acquired Verra common stock between February 24, 2026 and May 26, 2026.

The firm encourages Verra investors who suffered substantial losses to submit your losses now. The firm also encourages persons with knowledge of events surrounding Verra's receipt of Avis' termination notice who may be able to assist the investigation to contact its attorneys.

View our latest video summary of the allegations: youtu.be/FVEw5XACoGA

Class Period: Feb. 24, 2026 – May 26, 2026
Lead Plaintiff Deadline: Aug. 4, 2026
Visit: www.hbsslaw.com/investor-fraud/vrrm
Contact the Firm Now: [email protected]
                                         844-916-0895

Verra Mobility Corporation (VRRM) Securities Class Action:

The complaint alleges Verra made false and misleading statements and did not disclose important information to investors about the true state of the Verra/Avis relationship and the likelihood of Verra receiving an Avis contract renewal.

Investors' expectations were dashed when the truth was revealed on May 26, 2026. That day, Verra disclosed that it received a termination notice effective September 2026 from Avis regarding the companies' contract, that it is taking immediate actions to cut costs, adapt operations, and reposition its business, and revised its 2026 outlook that significantly deviated from that given just twenty days prior.

Verra also revealed that it was reviewing the parties' negotiations and handling of confidential information.

The news promptly sent the price of Verra shares 70% crashing lower on May 27, 2026, amputating $1.4 billion from the company's market capitalization in a single day.

Five days after the bombshell announcements, on May 31, 2026, CEO Roberts departed from his employment and from the board of directors.

"Our investigation is focused on the extent to which and when Verra and its executives knew that renegotiations with Avis were far from constructive, as the May 26 surprise reveals," said Reed Kathrein, the Hagens Berman partner leading the firm's investigation.

If you invested in Verra and have substantial losses, or have knowledge that will assist the firm's investigation, submit your losses now.

If you'd like more information and answers to other frequently asked questions about the Verra case and the firm's investigation, read more.

Whistleblowers: Persons with non-public information regarding Verra should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email [email protected].

About Hagens Berman
Hagens Berman is a global plaintiffs' rights complex litigation firm focusing on corporate accountability. The firm is home to a robust practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and other wrongdoings. Hagens Berman's team has secured more than $2.9 billion in this area of law. More about the firm and its successes can be found at hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw.

SOURCE Hagens Berman Sobol Shapiro LLP

, /PRNewswire/ -- The Law Offices of Howard G. Smith announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Verra Mobility Corporation ("Verra" or the "Company") (NASDAQ: VRRM).

IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN VERRA MOBILITY CORPORATION (VRRM), CONTACT THE LAW OFFICES OF HOWARD G. SMITH BEFORE AUGUST 4, 2026 (LEAD PLAINTIFF DEADLINE) TO PARTICIPATE IN THE ONGOING SECURITIES FRAUD LAWSUIT.

Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at [email protected], by telephone at (215) 638-4847 or visit our website at www.howardsmithlaw.com.

What Is The Lawsuit About?
The complaint filed alleges that, between February 24, 2026 and May 26, 2026, Defendants failed to disclose to investors that: (1) Verra's optimistic plan for continued growth in its Commercial Services business was dependent on its relationship with Avis, and in particular obtaining a contract extension with Avis Budget; (2) the Company minimized concerns that major RACs could replace Verra with in-house solutions or outsourced alternatives, making Verra's 2026 full year guidance increasingly unlikely to be met; and (3) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

Contact Us To Participate or Learn More:
If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact:
Howard G. Smith, Esq.,
Law Offices of Howard G. Smith,
3070 Bristol Pike, Suite 112,
Bensalem, Pennsylvania 19020,
Call us at: (215) 638-4847
Email us at: [email protected],
Visit our website at: www.howardsmithlaw.com.

To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contact Us:
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
[email protected]
www.howardsmithlaw.com

SOURCE Law Offices of Howard G. Smith

NEW YORK, June 24, 2026 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP, a nationally acclaimed investor rights law firm, reminds Verra Mobility Corporation (“Verra” or the “Company”) (NASDAQ: VRRM) investors of the August 4, 2026 deadline involving a securities fraud class action lawsuit commenced against the Company.

Should You Join The Verra Mobility Class Action Lawsuit:

Do you, or did you, own shares of Verra Mobility Corporation (NASDAQ: VRRM)?Did you sell your shares between February 24, 2026 and May 26, 2026, inclusive?Did you lose money in your investment in Verra Mobility Corporation?
Investors are encouraged to act promptly and submit a form at Verra Mobility Corporation Shareholder Class Action Lawsuit or contact Investor Relations Manager Peter Allocco at (212) 951-2030 or [email protected].

If you wish to serve as lead plaintiff for the Class, you must file papers by August 4, 2026. A lead plaintiff is a representative party acting on other class members’ behalf in directing the litigation. Your ability to share in any recovery doesn’t require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.

All representation is on a contingency fee basis. Shareholders pay no fees or expenses.

About The Lawsuit:

A lawsuit was filed on behalf of investors (the “Class”) who purchased or acquired the common stock of Verra between February 24, 2026 and May 26, 2026, inclusive, alleging violations of the Securities Exchange Act of 1934 against the Company and certain of its senior officers.

The lawsuit alleges that defendants made materially false and misleading statements and omissions regarding the Company’s business operations, growth prospects, and financial stability. As a result of these alleged misrepresentations, Verra common stock traded at artificially inflated prices during the Class Period. When the truth was disclosed, investors allegedly suffered significant losses.

About Bernstein Liebhard:

Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of class actions, the Firm has been named to The National Law Journal’s “Plaintiffs’ Hot List” thirteen times and listed in The Legal 500 for sixteen consecutive years.

ATTORNEY ADVERTISING. © 2026 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Contact Information:

Peter Allocco
Investor Relations Manager
Bernstein Liebhard LLP
https://www.bernlieb.com
(212) 951-2030
[email protected]

U.S. dollar banknotes are seen in this illustration taken March 24, 2026. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights, opens new tab

CompaniesNEW YORK, June 23 (Reuters) - Supply chain software maker SPS Commerce (SPSC.O), opens new tab is exploring ​a sale amid pressure from activist investors, according to three ‌people familiar with the matter.

The company is working with investment bank Morgan Stanley (MS.N), opens new tab on the potential sale, which is expected to draw interest from private ​equity firms, the sources said, requesting anonymity to discuss confidential ​matters.

The Reuters Daily Briefing newsletter provides all the news you need to start your day. Sign up here.

SPS Commerce and Morgan Stanley did not immediately respond to ⁠requests for comment.

Minneapolis-based SPS Commerce provides cloud-based software that helps ​retailers, suppliers and distributors manage logistics, inventory and electronic data interchange across ​their supply chains. It serves more than 50,000 customers globally, including retailers Walmart, Costco, Macy’s, Best Buy, Adidas and Hershey.

SPS Commerce faces pressure from activist investors, ​including Anson Funds and Irenic Capital, which disclosed stakes in ​the company in December and early April, respectively, and pushed for changes, including leadership ‌shifts ⁠and a review of strategic alternatives, including a potential sale.

In February, Anson reached, opens new tab a cooperation agreement with SPS that saw two new directors join the company's board and one current director step down.

Shares of ​SPS Commerce have ​lost more than ⁠80% over the last year, leaving the company with a market capitalization of roughly $2 billion. Investors have ​pulled back from software stocks due to the ​uncertainty over ⁠AI's impact on the sector.

SPS Commerce has posted double-digit revenue growth in the past, including 18% in 2025, but the firm expects to ⁠increase ​revenue 6% to 7% in 2026. Investors ​have grown more cautious on software valuations and the sector’s outlook.

(This story has been corrected to fix the date of Anson stake disclosure in paragraph 5)

Reporting by Milana Vinn ​in New York; editing by Colin Barr, Rod Nickel and Cynthia Osterman

Our Standards: The Thomson Reuters Trust Principles., opens new tab

Milana Vinn reports on technology, media, and telecom (TMT) mergers and acquisitions. Her content usually appears in the markets and deals sections of the website. Milana previously worked at GLG and PE Hub, where she spent several years covering TMT deals in private equity. She graduated from CUNY Graduate School of Journalism with Masters in Business Journalism.

Micron (MU) is entering a new strategic partnership with Anthropic as Needham raises its price target on the AI memory stock. Credo Technology (CRDO) gets a new bull in Evercore ISI after it initiated an outperform rating.

The firm sees Credo’s total addressable market swelling above $10 billion as agentic AI drives backend and frontend network builds across hyperscalers and neoclouds.

CRDO stock is moving. See the chart and price action here.  BNP Paribas underscores that Credo’s push into optics is additive, not a signal that short‑reach copper is fading. 

The company still expects roughly half of its roughly 80% year‑over‑year fiscal 2027 growth to come from Active Electrical Cables, implying about 47% growth to approximately $1.8 billion of AEC revenue. 

Credo argues its SerDes-plus system‑level approach yields tighter integration, better reliability, and latency of roughly 6 ns versus peers at around 10 ns, which could matter as AI clusters become more scale‑out and latency-sensitive.

Optics Optics is the other major leg of the story. BNP Paribas expects more than $600 million of fiscal 2027 revenue from ZeroFlap (ZF) optical transceivers, optical DSPs and DustPhotonics Ltd photonic integrated circuits, approaching a 25% mix and offering margin accretion versus the corporate average. 

Credo plans to ship hundreds of thousands of ZF transceiver units per month by late fiscal 2027, with a two to three-times volume ramp over the subsequent years as it broadens beyond its initial two hyperscalers and two neoclouds. 

The DustPhotonics acquisition is central to Credo’s optical differentiation. DustPhotonics’ PICs use proprietary Low Loss Laser Coupling technology to cut laser count by about 75%, from eight lasers to two. 

Branching OutCustomer concentration risk appears to be easing with BNP Paribas expecting Credo to have three to four 10% hyperscale customers in fiscal 2027. 

Evercore ISI initiated coverage on CRDO Monday with an Outperform rating and a $325 price target. The analysts highlighted Credo’s systems approach—design, manufacturing, and end‑to‑end testing—as a key competitive advantage versus traditional optical module vendors. 

The firm expects Credo’s optical revenue alone to reach more than $600 million by 2028, supported by investments in optical DSPs and differentiated module architectures. 

The TakeawayTaken together, both firms view Credo as evolving from a pure‑play AEC vendor into a dual copper‑and‑optical AI connectivity platform with hyperscaler‑grade scale, expanding TAM and a roadmap tied directly to the next wave of agentic AI infrastructure build‑outs.

CRDO Stock Price Activity: Credo stock was up 7.67% at $292.67 at the time of publication on Monday, according to data from Benzinga Pro.

Over the past month, CRDO has gained about 27.4% versus a 0.7% decline in the S&P 500 and is up roughly 96% year-to-date compared to the index’s 8.6% gain. The stock is trading at new 52-week highs.

Photo: Explode / Shutterstock

This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Credo Technologies NASDAQ: CRDO is accelerating AI, and the impact is reflected in its stock price. The company’s pioneering work in zero-flap connectivity isn’t yet the standard but is quickly becoming the go-to solution for hyperscalers, enterprises, and AI factories.

Credo Technology Group Today

CRDO

Credo Technology Group

$273.48 +1.47 (+0.54%)

As of 11:32 AM Eastern

This is a fair market value price provided by Massive. Learn more.

52-Week Range$84.25▼

$308.67P/E Ratio110.22

Price Target$263.11

Utilizing digital and optical solutions, embedding them into unified hardware, and complementing it with advanced Active Electric Cables and the software to support it all, Credo connects not only the GPUs within the servers and the servers and racks within the data center rooms, but the rooms of server racks and buildings of rooms, resolving a crippling issue for the industry. Flaps.

Get Credo Technology Group alerts:

Flaps are when optical connections drop and reconnect. It’s not a new problem, but one with wide-ranging implications for AI.

Working at lightning-fast speeds, 800G to 1.6T, connectivity is critical. It takes 10’s of thousands of GPUs to train advanced models; a single flap can throw the system out of sync, leading to idle components, inefficient use, and waste. Controlling waste is critical, as AI is expensive. Zero-flap technology has been proven to use 50% less power than standard optics in data center clusters and to save up to $1,000 in upfront hardware costs. Additionally, AECs provide 10X greater reliability and 10X to 20X greater lifespan, so it’s easy to see why they are in high demand.

Credo Technologies Uptrend Gains StrengthCredo Technologies' stock price was in the midst of an uptrend earlier this year, suggesting a textbook trend-following entry point in late March. Centered on a MACD convergence, rising trading volume, and the fundamental story, the signal resulted in a massive upside; now, additional upside is indicated. MACD has converged yet again with the fresh highs, alongside improving trading volume, reflecting a market not only in an uptrend but also as strong as it's ever been and getting stronger.

In this scenario, CRDO’s stock price may correct, and the correction could be significant due to the magnitude of previous price swings. Still, such a correction would present a buying opportunity. As it stands, price action as of mid-June reflects potential for a peak, but the selling has yet to gain traction. The critical near-term support level is near $240, but a move to $215 or even lower is possible.

Credo Technology Group Holding Ltd. (CRDO) Price Chart for Wednesday, June, 24, 2026

Analysts' trends are a factor in the stock price outlook. While consensus assumes the market is fairly valued as Q2 2026 nears its end, the trends are positive, including increasing coverage, firming sentiment, and an uptrend in price targets. The consensus of 18 analysts tracked by MarketBeat is a Moderate Buy, with an 89% Buy-side bias; coverage is nearly double on a trailing 12-month basis (TTM), and the price target is up nearly 3x year-over-year, with the high end pegged at $300. A move to $300 would be sufficient to set another all-time high.

Institutional trends also factor into the stock price rally, as they own 80% of the stock and have been aggressively accumulating. MarketBeat data reflects a $2-to-$1 pace on a TTM basis, with activity ramping into Q1 2026. The Q1 balance is far more aggressive, ramping to over $3 bought for each $1 sold, and held strong into Q2. Although the net amount of institutional activity fell, the balance remains bullish at a $2.2-to-$1 pace, sufficient to limit downside risk as the quarter progresses.

Credo Has Catalysts to Drive Price Action This YearCredo’s most visible stock price catalyst is its upcoming fiscal Q1 2027 earnings release, scheduled for early September. Consensus forecasts another triple-digit revenue gain, and outperformance is likely. Nearly 80% of revenue and earnings revisions have been upward, forecasting results in the high-end range. More importantly, this company is already profitable and expected to experience margin improvement linked to revenue leverage. Consensus pegs earnings per share growth will come in over 120%, about 1,200 basis points higher than revenue growth.

Reasons to believe Credo Technologies will outperform its estimates, potentially exceeding the high end of the range, include surging demand for GPUs and AI capacity, new product/revenue engines, and exceptional margins. Scaling revenue resulted in significant improvements in prior quarters and is likely to have continued into fiscal Q4. Other catalysts include results or news from hyperscalers affirming that the data center outlook continues to grow.

The biggest risks are customer concentration and valuation; however, customers include major hyperscalers that continue to ramp up AI spending, and the valuation reflects growth. In this light, Credo is shifting from an emerging-tech story to an execution story, and the company appears to be executing well.

Should You Invest $1,000 in Credo Technology Group Right Now?Before you consider Credo Technology Group, you'll want to hear this.

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The Zacks Aerospace-Defense Equipment industry is benefiting from strategic acquisitions and long-term growth in global air travel, which are driving demand for aircraft parts, maintenance services, and aftermarket solutions. While global passenger traffic is expected to grow over the long term, creating opportunities for aerospace suppliers, the industry continues to face significant headwinds, including supply-chain disruptions, labor shortages, higher operating costs, and a global aircraft shortage. These constraints could weigh on near-term growth and profitability across the sector. Some key players from this industry that investors may add to their portfolio are HEICO Corporation (HEI - Free Report) , Axon Enterprise (AXON - Free Report) and AAR Corp. (AIR - Free Report) .

About the Industry The Zacks Aerospace-Defense Equipment industry comprises firms that manufacture various vital components for the aerospace-defense space, ranging from aerostructures, space shuttles, propulsion systems, aircraft engines, defense electronics, missile and radar systems to flight test equipment, structural adhesives, instrumentation and control systems, communication products and many more. Some of these companies also offer integrated simulation and training services to the U.S. defense force. While most revenues are generated from the production of the aforementioned accompaniments, industry players also generate revenues by providing notable aftermarket support and services like maintenance, repair and overhaul activities to aerospace and defense players.

3 Trends Shaping the Future of the Aerospace-Defense Equipment Industry New Mergers and Acquisitions (M&As) Instill Hope: Large companies have traditionally used M&As as a successful strategy to broaden their product offerings. By acquiring other businesses, they can quickly expand their capabilities and stay competitive. In April 2026, AAR completed the acquisition of Aircraft Reconfig Technologies from ZIM Aircraft Cabin Solutions. This adds the FAA Organization Designation Authorization to AAR’s Engineering Services capabilities, which will enable AAR to issue supplemental type certificates and Parts Manufacturer Approval without depending on third parties. In April 2026, TransDigm Group completed the acquisition of Jet Parts Engineering and Victor Sierra Aviation Holdings. This strengthens TransDigm's core aerospace aftermarket business by adding proprietary replacement parts and repair solutions that generate recurring, high-margin revenues. Such consolidations help provide access to a broader range of business models, while improved economies of scale across the sector should support market expansion and revenue growth.

Air Traffic View Boosts Opportunities: According to a report by the International Air Transport Association (“IATA”), global air passenger demand is expected to grow 2.1% year over year in 2026. This marks a significant deceleration from the 5.3% growth recorded in 2025. The Middle East region faces a deep traffic contraction due to strictly closed airspaces, forcing massive traffic rerouting. However, according to IATA’s long-term outlook, global air passenger demand is expected to more than double by 2050, growing at a compound annual growth rate (CAGR) of 3.1% to reach 20.8 trillion Revenue Passenger Kilometers (RPKs). The report also stated that different scenarios are driven by alternative modeling of long-term economic growth, populations, aviation fuel price trends, the global energy transition, and air transport supply-side capacity development. As passenger traffic increases, airlines fly their existing fleets more frequently. This higher utilization accelerates wear and tear on aircraft, engines and components, boosting demand for replacement parts, avionics, landing systems and other equipment.

Supply-Chain Disruption Poses Risks: According to IATA, airlines are facing higher operating costs because supply-chain problems have made spare parts more expensive and harder to obtain. Airport fees, air traffic charges, and aircraft ownership costs have also increased. With new aircraft in short supply, airlines are leasing older, mid-life planes at higher rates. These older aircraft also consume more fuel, further increasing overall expenses. IATA has highlighted that limited aircraft availability and labor shortages remain key supply-side challenges, while broader disruptions continue to delay the timely production and delivery of essential systems.

Per IATA, ongoing disruptions to global supply chains and operational constraints linked to the Middle East conflict are adding pressure to an already tight market, reinforcing the existing aircraft shortage. Aircraft deliveries have fallen well below the level expected if the industry had continued growing at its pre-pandemic pace, creating an estimated shortage of about 5,600 aircraft. The total order backlog reached 18,100 aircraft in May 2026, equal to almost 60% of the active fleet. The reduced pace of jet deliveries and limited availability of materials for aircraft manufacturing may compel OEMs to cut production, potentially weighing on near-term earnings and cash flow across the aerospace and defense equipment industry.

Zacks Industry Rank Reflects Bright Outlook The Zacks Aerospace-Defense Equipment industry is housed within the broader Zacks Aerospace sector. It currently carries a Zacks Industry Rank #55, which places it in the top 22% of more than 247 Zacks industries.

The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates robust near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Before we present a few aerospace-defense equipment stocks that you may want to add to your portfolio, let’s take a look at the industry’s recent stock market performance and valuation picture.

Industry Beats Sector, Lags S&P 500 The Aerospace-Defense Equipment industry has underperformed the Zacks S&P 500 composite but outperformed the sector over the past year. The stocks in this industry have collectively surged 21% over the past year, while the Aerospace sector has soared 8.5%. The Zacks S&P 500 composite has gained 28.4% in the same time frame.

One-Year Price Performance

Industry's Current Valuation On the basis of trailing 12-month EV/Sales, which is used for valuing capital-intensive stocks like aerospace-defense equipment, the industry is currently trading at 15.06X compared with the S&P 500’s 5.87X and the sector’s 3.33X.

Over the past five years, the industry has traded as high as 15.6X, as low as 6.1X and at the median of 8.39X.

EV-Sales Ratio TTM

3 Aerospace-Defense Equipment Stocks to Buy HEICO: Florida-based HEICO is one of the world’s leading manufacturers of FAA-approved jet engine and aircraft component replacement parts. It also manufactures various types of electronic equipment for the aviation, defense, space, medical, telecommunications and electronics industries. In June 2026, HEICO announced that its Exxelia subsidiary acquired 90% of the ownership of CalRamic Technologies, LLC. The company is expected to benefit by expanding its aerospace and defense electronics portfolio with specialized high-voltage capacitors, supporting future revenue and earnings growth.

The Zacks Consensus Estimate for HEI’s fiscal 2026 sales indicates a 15.8% improvement year over year. The estimate for fiscal 2026 earnings implies 18% year-over-year growth. HEI currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here. 

Price & Consensus: HEI

Axon Enterprise: Based in Scottsdale, AZ, Axon develops and manufactures weapons for U.S. state and local governments, the U.S. federal government, international government customers and commercial enterprises. Given the rising global demand for Counter-Unmanned Aircraft Systems (“CUAS”), Axon is also expected to witness strong demand for its Dedrone platform from NATO’s airspace defense agencies. Recently, the company launched Dedrone C2, an upgraded counter-drone platform featuring improved sensor fusion for better drone detection, integrated mitigation management capabilities, and broader compatibility with third-party sensors and countermeasure systems, giving customers a flexible, end-to-end drone defense solution.

The Zacks Consensus Estimate for AXON’s 2026 sales indicates a 31% improvement year over year. The estimate for 2026 earnings implies 18.1% growth year over year. AXON currently carries a Zacks Rank #1.

Price & Consensus: AXON

AAR: Based in Wood Dale, IL, the company provides various products and services to the aviation and defense industries worldwide. AAR's decision to reorganize its business and wind down its Legacy Commercial Programs segment is aimed at improving profitability, cash flow, and returns on capital. The Legacy Commercial Programs business required significant investments in aircraft components and assets while generating relatively low profits, making it less attractive than AAR’s higher-margin businesses. By gradually exiting this segment over the next three to four years and focusing on areas such as parts supply, MRO services, software, and government solutions, AAR expects to simplify its business model, boost margins, free up capital for growth initiatives, and improve overall shareholder returns.

The Zacks Consensus Estimate for AIR’s fiscal 2026 sales indicates a 17.7% improvement year over year. The estimate for 2026 earnings implies 27.1% growth year over year. AIR currently carries a Zacks Rank #2 (Buy).

Price & Consensus: AIR

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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

NEW YORK--(BUSINESS WIRE)--MSCI Inc. (“MSCI” or the “Company”) (NYSE: MSCI) will host a Q&A webinar to provide updates on MSCI’s Private Assets business, including strategic priorities, recent product innovation and AI-enabled capabilities. The webinar will include Luke Flemmer, Head of Private Assets and Jeremy Ulan, Head of Investor Relations and Treasurer, and will be moderated by Alex Kramm, Managing Director and Senior Equity Research Analyst at UBS.

The virtual event will be available as a webcast and replay on June 25, 2026 at 9:30 AM Eastern Time, accessible from the events and presentations section of MSCI’s Investor Relations homepage, https://ir.msci.com/events-and-presentations.

About MSCI Inc.

MSCI Inc. (NYSE: MSCI) strengthens global markets by connecting participants across the financial ecosystem with a common language. Our research-based data, analytics and indexes, supported by advanced technology, set standards for global investors and help our clients understand risks and opportunities so they can make better decisions and unlock innovation. We serve asset managers and owners, private-market sponsors and investors, hedge funds, wealth managers, banks, insurers and corporates. To learn more, please visit www.msci.com. MSCI#IR

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NEW YORK--(BUSINESS WIRE)--MSCI Inc. (NYSE: MSCI) is enhancing its global physical climate risk capabilities with the acquisition of First Street, a leading provider of physics-based climate risk data and analytics for every property in the world.

Investors, financial institutions and companies are demanding physical climate risk insights embedded directly into investment and risk workflows to inform critical financial decision making, as climate-related physical risks accelerate globally. First Street’s own research shows that companies have become more than 6.5 times as likely to issue profit warnings following extreme weather events in the past two decades.i

The integration of First Street’s data and tools into MSCI’s extensive climate and geospatial solutions will enable quantified assessments of financially relevant physical climate risk at any geographic coordinate and across more than 2 billion structures worldwide.ii

These additional capabilities can help institutions meet rising regulatory and reporting requirements while supporting physical risk management and adaptation and resilience planning.

First Street provides multi-hazard models that incorporate climate signals and are validated against observed events to assess current and future physical risk exposure, asset damage and business interruption.

Powered by proprietary data on building characteristics, infrastructure dependencies and site-level adaptation, these models translate physical hazards into measurable financial impact estimates. The interactive platform delivers these insights through visualizations and on-demand, customizable analytics for individual properties, companies and portfolios within one unified AI-enabled workflow.

As extreme weather and geopolitical disruption are making asset location a critical factor in evaluating investment risk and opportunity, the ability of banks, insurance companies, asset managers, asset owners and companies to analyze and act upon location-based risks could be a key determinant of future success. This trend is reflected in major European central banks’ use of MSCI data to enable them to better identify climate risks across their loan books.

The acquisition further strengthens MSCI’s long-established leadership in climate investment tools and research, building on decades of expertise in geospatial intelligence, climate scenario analysis and transition finance to deliver greater transparency, innovation and scalability.

Richard Mattison, Head of Sustainability and Climate at MSCI, said: “The financial consequences of where assets are located have come into sharp focus due to the recent geopolitical turmoil, supply chain disruption and the growing impact of climate hazards. In response, investors, lenders and insurers are increasingly looking for more in-depth and actionable analysis of the physical risk held in the footprint of a company’s operations and investments.

“The integration of First Street data into MSCI’s existing geospatial capabilities will enable clients to be better informed about their changing risk exposures and translate that directly into financial decision-making.”

Matthew Eby, Founder and CEO at First Street, said: “First Street was built on the simple conviction that every financial decision should account for a changing climate. We built the Climate Risk Financial Modeling (CRFM) category to turn that conviction into reality. Joining MSCI puts our property-level science in front of the world’s leading investors, lenders and insurers and turns climate risk from a disclosure exercise into a daily input for how capital is priced and allocated.”

The transaction consideration includes a cash payment of $120 million at closing (subject to customary closing adjustments), with the potential for additional cash payments during the first two years following closing if certain revenue thresholds are achieved. The transaction is expected to close in the third quarter of 2026, subject to regulatory approvals and customary closing conditions. Following closing, First Street's financial results will be reported within MSCI's Sustainability and Climate segment.

About MSCI

MSCI Inc. (NYSE: MSCI) strengthens global markets by connecting participants across the financial ecosystem with a common language. Our research-based data, analytics and indexes, supported by advanced technology, set standards for global investors and help our clients understand risks and opportunities so they can make better decisions and unlock innovation. We serve asset managers and owners, private-market sponsors and investors, hedge funds, wealth managers, banks, insurers and corporates. To learn more, please visit www.msci.com. #IR

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements relate to future events or performance and involve risks that may cause actual results or performance to differ materially, and you should not place undue reliance on them. Risks that could affect results or performance are in MSCI’s Annual Report on Form 10-K for the most recent fiscal year ended on December 31 that is filed with the SEC. MSCI does not undertake to update any forward-looking statements. No information herein constitutes investment advice or should be relied on as such. MSCI grants no right or license to use its products or services without an appropriate license. MSCI MAKES NO EXPRESS OR IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE OR OTHERWISE WITH RESPECT TO THE INFORMATION HEREIN AND DISCLAIMS ALL LIABILITY TO THE MAXIMUM EXTENT PERMITTED BY LAW.

i The New Cost of Doing Business, 16 Risk Assessment, by First Street, March 2026.
ii Since September 2025.

More News From MSCI Inc.

For Immediate ReleaseChicago, IL – June 23, 2026 – Today, Zacks Equity Research Weyerhaeuser Co. (WY - Free Report) , Trex Company, Inc. (TREX - Free Report) and Worthington Enterprises, Inc. (WOR - Free Report) .

Industry: Wood

Link: https://www.zacks.com/commentary/2940224/3-wood-stocks-positioned-to-thrive-through-industry-challenges

The Zacks Building Products – Wood industry continues to face a tough operating environment. Elevated construction costs, the risk of project delays and ongoing affordability challenges are weighing on housing demand. Concerns around tariffs are adding pressure to global trade flows. Higher tariffs on Canadian lumber imports and lower import volumes from certain overseas suppliers are tightening the available supply. At the same time, spending on home repair and remodeling has eased from pandemic highs as higher mortgage rates strain household budgets. With homeownership becoming less accessible, demand conditions remain subdued for industry participants.

That said, underlying demand for essential replacements, home upgrades and the modernization of aging housing stock remains intact. Increased investments in infrastructure, along with rising focus on carbon and ESG-related projects, are providing some support. While high mortgage rates and cautious consumer spending continue to pose risks, disciplined cost control, product innovation and strategic acquisitions are expected to aid companies such as Weyerhaeuser Co. , Trex Company, Inc. and Worthington Enterprises, Inc.

Industry DescriptionThe Zacks Building Products – Wood industry includes forest product companies and manufacturers of lumber as well as other wood products used in home construction, repair and remodeling, along with the development of outdoor structures. Companies in the industry design, manufacture, source and sell flooring products like tile, wood, laminate, vinyl and natural stone flooring products, as well as decorative and installation accessories.

The industry players are also involved in the manufacturing and distribution of wood and plastic composite products, along with related accessories, mainly for residential decking and railing applications. The industry also includes timberland real estate investment trusts, or REITs.

4 Trends Shaping the Future of Building Products - Wood IndustryHigh Rates, Trade Policy and Tariffs: The industry’s prospects are highly correlated with the U.S. housing and the R&R market (considered one of the largest in terms of lumber demand) conditions. The U.S. housing market remained constrained by elevated interest rates and subdued consumer confidence. Buyer urgency was low in both new and existing home markets, and large public builders continued to use rate buydowns to stimulate demand. Economic uncertainty and ongoing weakness in home sales and building material sales are limiting residential remodeling.

Meanwhile, the reimplementation of tariffs on Canadian softwood lumber by President Trump in 2025 presents significant implications for the U.S. wood industry. In January 2026, President Trump’s decision to delay higher tariffs on furniture, kitchen cabinets and vanities until Jan. 1, 2027 offers only limited relief and underscores the ongoing uncertainty weighing on the U.S. wood industry.

Although the White House imposed a 25% tariff on these products in October 2025, steeper increases — to 30% for furniture and 50% for cabinets and vanities — were postponed for one year. Keeping the tariff at 25% through at least 2027 does little to ease cost pressures for domestic wood producers, who continue to face demand volatility, cautious consumer spending and disrupted pricing dynamics across downstream housing and renovation markets.

Rapid Lumber Market Swings: Historically, volatility in lumber prices has been a major concern for the wood industry. Any unusual rise in the cost of lumber products sold by primary producers increases the cost of inventory and limits margins on fixed-priced lumber products. Yet, a decline in costs eats into profits as products sold are indexed to the current lumber market. Meanwhile, the timberland business is governed by federal rules and state forestry commissions, which are subject to frequent changes, affecting businesses. Due to the very nature of their properties, timberland REITs are required to follow eco-friendly mandates in their trade.

Higher Spending on Infrastructure & Carbon/ESG Projects: The potential rate cuts are poised to increase affordability, stimulate residential activity and set the stage for growth in the wood industry. Additionally, government initiatives such as the Infrastructure Investment and Jobs Act and the Inflation Reduction Act are expected to boost infrastructure spending. This emphasis on modernization and clean energy is anticipated to drive growth for companies within the wood sector.

Acquisitions, Product Innovation & Efficient Cost-Reduction Strategies: The companies also bank on acquisitions and divestitures to expand and improve portfolio quality. New products continue to be an important top-line driver for the industry players. Also, efforts to introduce products are likely to have helped the players.

Again, in a bid to reduce costs, companies have been reducing the cost structure of their facilities through the sale or shutdown of underperforming units and manufacturing facilities, as well as investments in technology. Also, the industry players have been focusing on operational excellence, comprising merchandising for value, harvest, and transportation efficiencies and boosting harvest to capture seasonal and short-term opportunities.

Zacks Industry Rank Indicates Dull ProspectsThe Zacks Building Products – Wood industry is a nine-stock group within the broader Construction sector. The Zacks Wood industry currently carries a Zacks Industry Rank #206, which places it in the bottom 17% of more than 250 Zacks industries.

The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates bleak near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

The industry’s positioning in the bottom 50% of the Zacks-ranked industries is a result of a lower earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are gradually losing confidence in this group’s earnings growth potential. Since March 2026, the industry’s earnings estimates for 2026 have decreased to $1.99 per share from $2.03.

Despite the industry’s blurred near-term view, we will present a few stocks that one may consider adding to their portfolio. Before that, it’s worth taking a look at the industry’s shareholder returns and current valuation.

Industry Lags Sector, S&P 500The Zacks Building Products – Wood industry has underperformed the broader Zacks Construction sector and the Zacks S&P 500 Composite over the past year.

Over this period, the industry has gained 10% compared with the broader sector’s 24.6% rise. The Zacks S&P 500 Composite has gained 28.2% over this period.

Industry's Current ValuationOn the basis of the forward 12-month price-to-earnings ratio, which is a commonly used multiple for valuing wood stocks, the industry trades at 27.2 compared with the S&P 500’s 21.34 and the sector’s 21.73.

Over the last five years, the industry has traded as high as 29.47X, as low as 10.18X and at a median of 18.62X.

3 Wood Stocks to Keep an Eye OnWe have highlighted three stocks from the industry that have been capitalizing on fundamental strengths.

Worthington: Headquartered in Columbus, OH, Worthington is an industrial manufacturing company. The company is benefiting from a combination of product innovation, operational improvements and strategic acquisitions. Also, rising demand for its ASME water tanks used in liquid-cooled data centers, with management highlighting a rapidly expanding pipeline and expecting multi-year growth as AI-driven data center construction accelerates, is encouraging.

Worthington is also expanding market share through new product launches, higher production capacity and acquisitions such as LSI, which strengthens its engineered building systems portfolio. At the same time, the Worthington Business System, AI-enabled process improvements and automation are helping improve efficiency, support margin expansion and drive sustainable organic growth.

Worthington — a Zacks Rank #3 (Hold) company — has gained 3.4% over the past year. The Zacks Consensus Estimate for WOR’s fiscal 2026 and 2027 earnings per share (EPS) calls for 11.1% and 14.8% growth, respectively. Worthington’s earnings surpassed the consensus mark in two of the last four reported quarters and missed on two occasions, with the average being 6.4%. It also has a VGM Score of B. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Weyerhaeuser: A major private timberland owner, Weyerhaeuser was founded in Washington in 1900. Weyerhaeuser is strengthening its long-term growth outlook through product innovation, strategic investments and expansion across higher-value businesses. The company expects strong demand for its newly introduced AeroStrand and ProPanel products, while the Monticello Engineered Wood Products facility is set to expand TimberStrand production and support future growth.

Weyerhaeuser is also widening its distribution footprint to penetrate underserved markets and increase proprietary product sales. Beyond wood products, the company sees continued growth from its Strategic Land Solutions and Climate Solutions businesses, supported by steady real estate demand and an expanding renewable energy pipeline. Over the longer term, favorable housing demographics and an underbuilt U.S. housing market remain important demand drivers.

Weyerhaeuser — a Zacks Rank #3 company — has lost 6.4% over the past year. The company has seen an upward estimate revision for 2026 earnings to 32 cents from 26 cents per share over the past 60 days. The Zacks Consensus Estimate for its 2026 EPS implies 60% year-over-year growth. Weyerhaeuser’s earnings surpassed the consensus mark in all the last four reported quarters, with the average being 102.9%.

Trex: Based in Winchester, VA, Trex produces composite decking and railing products. Trex is positioning itself for sustained long-term growth by strengthening its market leadership through innovation, capacity expansion and deeper customer engagement. The company sees a significant opportunity to accelerate the conversion from traditional wood decking, which still represents about 75% of the market, to low-maintenance composite products.

Increased investments in marketing, contractor lead generation and brand awareness are expected to support market-share gains. Trex is also advancing a strong innovation pipeline with category-defining product launches planned between 2027 and 2030. Additional growth drivers include expanded retail shelf space, entry into the PVC decking market, plans to double the railing business within five years and the new Arkansas manufacturing facility, which provides ample capacity for future expansion while supporting stronger free cash flow.

Trex — a Zacks Rank #3 company — has lost 10.4% over the past year. Yet, the company has seen an upward estimate revision for 2026 earnings to $1.68 from $1.63 per share over the past 60 days, depicting analysts’ optimism over the company’s prospects. Trex’s earnings surpassed the consensus mark in three of the last four reported quarters and missed on one occasion, with the average being 127.4%.

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance  for information about the performance numbers displayed in this press release.

COLUMBUS, Ohio, June 23, 2026 (GLOBE NEWSWIRE) -- Worthington Enterprises Inc. (NYSE: WOR), a designer and manufacturer of market-leading building and consumer products that improve everyday life by elevating spaces and experiences, today reported results for its fiscal 2026 fourth quarter and full-year ended May 31, 2026.

Recent Developments and Highlights (comparisons to the prior-year period unless otherwise stated)

Fourth Quarter fiscal 2026

Net sales were $371.5 million, an increase of 17%, including $44.1 million from recent acquisitions and 3% from organic growth.Net earnings increased to $48.1 million from $3.6 million, while adjusted net earnings were $47.7 million and adjusted EBITDA was $83.5 million.Earnings per share on a fully diluted basis (“EPS – diluted”) improved to $0.97 from $0.08 per share, while adjusted EPS – diluted was $0.97 per share compared to $1.06.Operating cash flow increased $9.2 million to $71.6 million, while free cash flow increased $5.8 million to $55.1 million.Repurchased 350,000 common shares for $18.2 million, leaving 4,565,000 common shares available under the company’s existing repurchase authorization.Declared a quarterly dividend of $0.20 per common share payable on September 29, 2026, to shareholders of record at the close of business on September 15, 2026, representing a 5% increase, or $0.01 per share, compared to the prior quarter. Full-Year fiscal 2026

Net sales were $1.4 billion, an increase of 20%, including $121.7 million from recent acquisitions and 9% from organic growth. Net earnings increased 63% to $155.0 million, while adjusted net earnings increased 8% to $167.6 million and adjusted EBITDA grew 12% to $295.8 million.EPS – diluted improved to $3.14 from $1.92 per share, while adjusted EPS – diluted increased to $3.37 per share from $3.09 per share.Operating cash flow increased 8% to $226.1 million, while free cash flow improved 7% to $170.2 million.Completed the acquisitions of Elgen Manufacturing (“Elgen”) and LSI Group (“LSI”), further expanding the company’s building products portfolio and strengthening its position across the building envelope.
“We closed fiscal 2026 with another quarter of solid performance, delivering positive organic growth and strong free cash flow while continuing to execute our strategy,” said Worthington Enterprises President and CEO Joe Hayek. “For the full year, our teams drove double-digit growth in adjusted EBITDA, expanded margins in our wholly owned businesses and maintained a strong balance sheet. I want to thank my colleagues around the world for their continued commitment to serving our customers and delivering value for our shareholders. Their dedication continues to strengthen our business.”

Financial highlights for the current year and prior year quarters are as follows:

(U.S. dollars in millions, except per share amounts) 4Q 2026  4Q 2025 GAAP Financial Measures      Net sales $371.5  $317.9 Operating income (loss)  23.2   (30.4)Earnings before income taxes  59.8   8.3 Net earnings  48.1   3.6 EPS – diluted  0.97   0.08 Net cash provided by operating activities  71.6   62.4        Non-GAAP Financial Measures (1)      Adjusted operating income $25.5  $21.8 Adjusted EBITDA  83.5   85.1 Adjusted net earnings  47.7   53.1 Adjusted EPS – diluted  0.97   1.06 Free cash flow  55.1   49.3  (1)   Refer to the “GAAP / Non-GAAP Reconciliations” and the “Use of Non-GAAP Financial Measures and Definitions” sections of this release for additional information regarding the use of non-GAAP financial measures and reconciliations to the most directly comparable financial measures calculated and presented in accordance with GAAP.

Consolidated Quarterly Results 

Net sales for the fourth quarter of fiscal 2026 increased $53.6 million, or 16.9%, over the prior year quarter to $371.5 million. Recent acquisitions contributed $44.1 million to net sales in the current year quarter. Excluding the impact of acquisitions, net sales increased $9.5 million, or 3.0%, compared to the prior year quarter.

Operating income increased $53.6 million to $23.2 million. Results in the prior year quarter included nonrecurring items totaling $52.2 million, resulting primarily from the non-cash write-down of intangible assets in the General Tools & Instruments (“GTI”) business. On an adjusted basis, operating income increased $3.7 million in the quarter to $25.5 million, reflecting contributions from recent acquisitions.

Equity in net income of unconsolidated affiliates decreased $4.6 million from the prior year quarter to $38.1 million, primarily due to lower contributions from ClarkDietrich, which were down $6.8 million. Contributions from WAVE remained strong at $32.3 million and were largely consistent with the prior year quarter, while higher contributions from the Workhorse and SES joint ventures partially offset the decline. Equity income in the prior year quarter included a $3.4 million non-cash impairment charge at the SES joint venture.

Income tax expense was $11.7 million in the fourth quarter of fiscal 2026, compared to $4.7 million in the prior year quarter. The increase was driven by higher pre-tax earnings. Income tax expense in the fourth quarter of fiscal 2026 reflects an annual effective rate of 22.9%, compared to 26.1% in the prior year, which was impacted by certain discrete items. On an adjusted basis, the annual effective tax rate was 23.3%, compared to 23.0% in the prior year.

Balance Sheet and Cash Flow

Total debt at quarter end was $305.9 million, consisting entirely of long-term debt, an increase of $3.0 million from May 31, 2025, primarily due to the remeasurement of the company’s euro-denominated notes. The company had no borrowings under its revolving credit facility as of May 31, 2026, leaving $500.0 million available for future use and providing substantial liquidity.

The company ended the quarter with cash of $27.7 million, a decrease of $222.4 million from May 31, 2025, primarily reflecting the acquisitions of Elgen and LSI. During the fourth quarter of fiscal 2026, the company generated operating cash flow of $71.6 million, of which $16.5 million was invested in capital expenditures, resulting in free cash flow of $55.1 million, up from $49.3 million in the prior year quarter. Capital expenditures in the current year quarter included approximately $6.6 million related to ongoing facility modernization projects, which remain on track and are expected to be completed during fiscal 2027.

Quarterly Segment Results

Building Products generated net sales of $245.3 million in the current year quarter, an increase of $53.0 million, or 27.6%, over the prior year quarter. The increase was primarily driven by the impact of acquisitions, which contributed $44.1 million to net sales in the current year quarter. Excluding the impact of acquisitions, net sales increased $8.9 million, or 4.6% compared to the prior year quarter. Adjusted EBITDA decreased $2.7 million, mainly driven by a $6.8 million decline in equity income contributions from ClarkDietrich and less favorable product mix compared to the prior year quarter.

Consumer Products generated net sales of $126.1 million in the current year quarter, up $0.6 million from the prior year quarter, driven by higher average selling prices, which were mostly offset by lower volume. Adjusted EBITDA increased $3.5 million to $24.3 million, driven by gross margin improvement and lower SG&A expense.

Outlook

“As we enter fiscal 2027, we are building on the momentum we created this year,” Hayek said. “Our teams remain focused on innovation, transformation and strategic M&A as we continue to strengthen our market positions, integrate recent acquisitions, expand our capabilities and deliver value for our customers. Supported by strong free cash flow generation and a healthy balance sheet, we are excited about the opportunities ahead and remain focused on creating long-term shareholder value.”

Conference Call

The company will review fiscal 2026 fourth quarter and full-year results during its quarterly conference call on June 24, 2026, at 8:30 a.m. Eastern Time. Details regarding the conference call can be found on the company website at www.WorthingtonEnterprises.com.

About Worthington Enterprises

Worthington Enterprises (NYSE: WOR) is a designer and manufacturer of market-leading brands that improve everyday life by elevating spaces and experiences. The company operates with two primary business segments: Building Products and Consumer Products. The Building Products segment includes heating and cooling, cooking, construction and water solutions, and building systems including HVAC and metal roofing components, architectural and acoustical grid ceilings, and metal framing and accessories. The Consumer Products segment provides solutions for the tools, outdoor living and celebrations categories. Product brands within the Worthington Enterprises portfolio include Balloon Time®, Bernzomatic®, BPD, Coleman® (propane cylinders), CoMet®, Elgen, Garden Weasel®, General®, HALO™, Hawkeye™, LEVEL5 Tools®, Logan Stampings, Mag Torch®, NEXI™, Pactool International®, PowerCore™, Ragasco®, Roof Hugger®, Well-X-Trol® and XLite™, among others.

Headquartered in Columbus, Ohio, Worthington Enterprises and its joint ventures employ approximately 6,000 people throughout North America and Europe.

Founded in 1955 as Worthington Industries, Worthington Enterprises follows a people-first Philosophy with earning money for its shareholders as its first corporate goal. Worthington Enterprises achieves this outcome by empowering its employees to innovate, thrive and grow with leading brands in attractive markets that improve everyday life. The company engages deeply with local communities where it has operations through volunteer efforts and The Worthington Companies Foundation, participates actively in workforce development programs and reports annually on its corporate citizenship and sustainability efforts. For more information, visit worthingtonenterprises.com.

Safe Harbor Statement

Selected statements contained in this release constitute “forward-looking statements,” as that term is used in the Private Securities Litigation Reform Act of 1995 (the “Act”). We wish to take advantage of the safe harbor provisions included in the Act. Forward-looking statements reflect the company’s current expectations, estimates or projections concerning future results or events. These statements are often identified by the use of forward-looking words or phrases such as “believe,” “expect,” “anticipate,” “may,” “could,” “should,” “would,” “intend,” “plan,” “will,” “likely,” “estimate,” “project,” “position,” “strategy,” “target,” “aim,” “seek,” “foresee” and similar words or phrases. These forward-looking statements include, without limitation, statements relating to: future or expected cash positions, liquidity and ability to access financial markets and capital; outlook, strategy or business plans; future or expected growth, growth potential, forward momentum, performance, competitive position, sales, volumes, cash flows, earnings, margins, balance sheet strengths, debt, financial condition or other financial measures; pricing trends for raw materials and finished goods and the impact of pricing changes; the ability to improve or maintain margins; expected demand or demand trends; additions to product lines and opportunities to participate in new markets; expected benefits from transformation and innovation efforts; the ability to improve performance and competitive position; anticipated working capital needs, capital expenditures and asset sales; anticipated improvements and efficiencies in costs, operations, sales, inventory management, sourcing and the supply chain and the results thereof; projected profitability potential; the ability to make acquisitions and the projected timing, results, benefits, costs, charges and expenditures related to acquisitions, joint ventures, headcount reductions and facility dispositions, shutdowns and consolidations; projected capacity and the alignment of operations with demand; the ability to operate profitably and generate cash in down markets; the ability to capture and maintain market share and to develop or take advantage of future opportunities, customer initiatives, new businesses, new products and new markets; expectations for inventories, jobs and orders; expectations for the economy and markets or improvements therein; expectations for generating improving and sustainable earnings, earnings potential, margins or shareholder value; effects of judicial rulings; effects of pandemics and widespread health crises and the various responses of governmental and nongovernmental authorities thereto on economies and markets, and on the company’s customers, counterparties, employees and third-party service providers; and other non-historical matters.

Because they are based on beliefs, estimates and assumptions, forward-looking statements are inherently subject to risks and uncertainties that could cause actual results to differ materially from those projected. Any number of factors could affect actual results, including, without limitation, those that follow: the effect of conditions in national and worldwide financial markets, including inflation, increases in interest rates and economic recession, and with respect to the ability of financial institutions to provide capital; the impact of tariffs, the adoption of trade restrictions affecting the company’s products or suppliers, a United States withdrawal from or significant renegotiation of trade agreements, the occurrence of trade wars, the closing of border crossings, and other changes in trade regulations or relationships; changing oil prices and/or supply; product demand and pricing; changes in product mix, product substitution and market acceptance of the company’s products; volatility or fluctuations in the pricing, quality or availability of raw materials (particularly steel), supplies, transportation, utilities, labor and other items required by operations; effects of sourcing and supply chain constraints; the outcome of adverse claims experience with respect to workers’ compensation, product recalls or product liability, casualty events or other matters; effects of facility closures and the consolidation of operations; the effect of financial difficulties, consolidation and other changes within the steel, automotive, construction and other industries in which we participate; failure to maintain appropriate levels of inventories; financial difficulties (including bankruptcy filings) of original equipment manufacturers, end-users and customers, suppliers, joint venture partners and others with whom we do business; the ability to realize targeted expense reductions from headcount reductions, facility closures and other cost reduction efforts; the ability to realize cost savings and operational, sales and sourcing improvements and efficiencies, and other expected benefits from transformation initiatives, on a timely basis; the overall success of, and the ability to integrate, newly-acquired businesses and joint ventures, maintain and develop their customers, and achieve synergies and other expected benefits and cost savings therefrom; capacity levels and efficiencies, within facilities, within major product markets and within the industries in which we participate as a whole; the effect of disruption in the business of suppliers, customers, facilities and shipping operations due to adverse weather, casualty events, equipment breakdowns, labor shortages, interruption in utility services, civil unrest, international conflicts, terrorist activities or other causes; changes in customer demand, inventories, spending patterns, product choices, and supplier choices; risks associated with doing business internationally, including economic, political and social instability, foreign currency exchange rate exposure and the acceptance of the company’s products in global markets; the ability to improve and maintain processes and business practices to keep pace with the economic, competitive and technological environment; the effect of inflation, interest rate increases and economic recession, which may negatively impact the company’s operations and financial results; deviation of actual results from estimates and/or assumptions used in the application of its significant accounting policies; the level of imports and import prices in the company’s markets; the impact of environmental laws and regulations or the actions of the United States Environmental Protection Agency or similar regulators which increase costs or limit the company’s ability to use or sell certain products; the impact of increasing environmental, greenhouse gas emission and sustainability regulations and considerations; the impact of judicial rulings and governmental regulations, both in the United States and abroad, including those adopted by the United States Securities and Exchange Commission and other governmental agencies as contemplated by the Coronavirus Aid, Relief and Economic Security (CARES) Act, the Consolidated Appropriations Act, 2021, the American Rescue Plan Act of 2021, and the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010; the effect of healthcare laws in the United States and potential changes for such laws, which may increase the company’s healthcare and other costs and negatively impact the company’s operations and financial results; the effects of tax laws in the United States and potential changes for such laws, which may increase the company’s costs and negatively impact the company’s operations and financial results; cyber security risks; the effects of privacy and information security laws and standards; and other risks described from time to time in the company’s filings with the United States Securities and Exchange Commission, including those described in “Part I – Item 1A. – Risk Factors” of the Annual Report on Form 10-K for the fiscal year ended May 31, 2025.

Forward-looking statements should be construed in the light of such risks. We note these factors for investors as contemplated by the Act. It is impossible to predict or identify all potential risk factors. Consequently, readers should not consider the foregoing list to be a complete set of all potential risks and uncertainties. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date made. We do not undertake, and hereby disclaim, any obligation to update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by applicable law.

 WORTHINGTON ENTERPRISES, INC.
CONSOLIDATED STATEMENTS OF EARNINGS
(In thousands, except per common share amounts)         Three Months Ended  Twelve Months Ended   May 31,  May 31,   2026  2025  2026  2025 Net sales $371,456  $317,884  $1,381,292  $1,153,762 Cost of goods sold  269,568   224,650   1,003,017   834,727 Gross profit  101,888   93,234   378,275   319,035 Selling, general and administrative expense  77,935   71,454   294,966   268,413 Impairment of long-lived assets  -   50,813   -   50,813 Restructuring and other expense, net  794   1,372   7,100   10,524 Operating income (loss)  23,159   (30,405)  76,209   (10,715)Other income (expense):            Miscellaneous income (expense), net  1,358   (4,031)  (3,244)  (3,222)Interest (expense) income, net  (2,885)  60   (6,248)  (2,090)Equity in net income of unconsolidated affiliates  38,141   42,707   134,631   144,836 Earnings before income taxes  59,773   8,331   201,348   128,809 Income tax expense  11,708   4,717   46,313   33,839 Net earnings  48,065   3,614   155,035   94,970 Net loss attributable to noncontrolling interest  (81)  (263)  (1,050)  (1,083)Net earnings attributable to controlling interest $48,146  $3,877  $156,085  $96,053              Basic            Weighted average common shares outstanding  48,795   49,253   49,073   49,395 Earnings per share attributable to controlling interest $0.99  $0.08  $3.18  $1.94              Diluted            Weighted average common shares outstanding  49,404   49,997   49,716   50,131 Earnings per share attributable to controlling interest $0.97  $0.08  $3.14  $1.92              Cash dividends declared per common share $0.19  $0.17  $0.76  $0.68   WORTHINGTON ENTERPRISES, INC.
CONSOLIDATED BALANCE SHEETS
(In thousands)
      May 31,   2026  2025 Assets      Current assets:      Cash and cash equivalents $27,725  $250,075 Receivables, less allowances of $1,310 and $907, respectively  228,168   215,824 Inventories      Raw materials  110,536   80,522 Work in process  9,490   9,408 Finished products  87,270   79,463 Total inventories  207,296   169,393 Income taxes receivable  20,016   12,720 Prepaid expenses and other current assets  41,269   37,358 Total current assets  524,474   685,370 Investments in unconsolidated affiliates  118,048   129,262 Operating lease assets  42,888   22,699 Goodwill  500,784   376,480 Other intangible assets, net of accumulated amortization of $106,944 and $88,887, respectively  322,761   190,398 Other assets  28,215   20,717 Property, plant and equipment:      Land  8,732   8,703 Buildings and improvements  136,441   132,742 Machinery and equipment  411,030   372,798 Construction in progress  66,509   33,326 Total property, plant and equipment  622,712   547,569 Less: accumulated depreciation  311,818   277,343 Total property, plant and equipment, net  310,894   270,226 Total assets $1,848,064  $1,695,152        Liabilities and equity      Current liabilities:      Accounts payable $115,203  $103,205 Accrued compensation, contributions to employee benefit plans and related taxes  41,728   43,864 Dividends payable  9,814   9,172 Other accrued items  45,832   34,478 Current operating lease liabilities  7,982   6,014 Income taxes payable  867   109 Total current liabilities  221,426   196,842 Other liabilities  56,657   53,364 Distributions in excess of investment in unconsolidated affiliate  105,349   103,767 Long-term debt  305,896   302,868 Noncurrent operating lease liabilities  35,883   17,173 Deferred income taxes, net  95,813   82,901 Total liabilities  821,024   756,915 Shareholders' equity - controlling interest  1,027,040   937,187 Noncontrolling interest  -   1,050 Total equity  1,027,040   938,237 Total liabilities and equity $1,848,064  $1,695,152   WORTHINGTON ENTERPRISES, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
         Three Months Ended  Twelve Months Ended   May 31,  May 31,   2026  2025  2026  2025 Operating activities:            Net earnings $48,065  $3,614  $155,035  $94,970 Adjustments to reconcile net earnings to net cash provided by operating activities:            Depreciation and amortization  15,870   12,555   57,272   48,262 Impairment of long-lived assets  -   50,813   -   50,813 Provision for (benefit from) deferred income taxes  627   (7,568)  8,439   (18,439)Impairment of investment in note receivable  -   5,000   -   5,000 Bad debt expense (income)  246   (31)  358   3,158 Equity in net income of unconsolidated affiliates, net of distributions  (3,630)  (2,041)  5,361   8,769 Net loss on sale of assets  295   824   3,290   277 Stock-based compensation  3,230   3,399   13,734   16,186 Unrealized (gain) loss on investment in marketable securities  (610)  -   975   - Changes in assets and liabilities, net of impact of acquisitions:            Receivables  3,836   (13,238)  7,706   (22,261)Inventories  (9,858)  (4,058)  (11,557)  11,500 Accounts payable  7,185   13,219   3,820   619 Accrued compensation and employee benefits  (1,166)  6,435   (1,986)  1,807 Other operating items, net  7,511   (6,509)  (16,328)  9,083 Net cash provided by operating activities  71,601   62,414   226,119   209,744              Investing activities:            Investment in property, plant and equipment  (16,492)  (13,086)  (55,913)  (50,580)Acquisitions, net of cash acquired  278   (6,862)  (304,148)  (95,018)Proceeds from sale of assets, net of selling costs  227   11   245   13,455 Investment in non-marketable equity securities, net of distributions  (138)  (85)  (251)  (2,958)Net cash used by investing activities  (16,125)  (20,022)  (360,067)  (135,101)             Financing activities:            Dividends paid  (9,350)  (8,396)  (36,890)  (33,903)Purchase of common shares  (18,382)  (9,831)  (43,710)  (30,883)Net repayments of short-term borrowings  (4,792)  -   -   - Principal payments on long-term obligations  (1,094)  -   (1,854)  - Proceeds from issuance of common shares, net of tax withholdings  (112)  3,066   (5,948)  (4,007)Net cash used by financing activities  (33,730)  (15,161)  (88,402)  (68,793)Increase (decrease) in cash and cash equivalents  21,746   27,231   (222,350)  5,850 Cash and cash equivalents at beginning of period  5,979   222,844   250,075   244,225 Cash and cash equivalents at end of period $27,725  $250,075  $27,725  $250,075   WORTHINGTON ENTERPRISES, INC.
SEGMENT INFORMATION
(Dollars in thousands)         Three Months Ended  Twelve Months Ended   May 31,  May 31,   2026  2025  2026  2025 Net sales            Building Products $245,309  $192,316  $861,456  $654,137 Consumer Products  126,147   125,568   519,836   499,625 Consolidated $371,456  $317,884  $1,381,292  $1,153,762              Adjusted EBITDA            Building Products $68,544  $71,253  $240,310  $212,831 Consumer Products  24,270   20,791   91,157   82,676 Total reportable segments  92,814   92,044   331,467   295,507 Other (1)  (228)  638   (5,309)  (2,672)Unallocated Corporate  (9,063)  (7,622)  (30,330)  (27,869)Consolidated $83,523  $85,060  $295,828  $264,966              Adjusted EBITDA margin            Building Products  27.9%  37.0%  27.9%  32.5%Consumer Products  19.2%  16.6%  17.5%  16.5%Consolidated  22.5%  26.8%  21.4%  23.0%             Equity income by unconsolidated affiliate            WAVE (2) $32,285  $32,622  $118,063  $110,100 ClarkDietrich (2)  6,084   12,836   21,877   40,795 Other (1)  (228)  (2,751)  (5,309)  (6,059)Consolidated $38,141  $42,707  $134,631  $144,836  (1)   Other includes the equity in net income of unconsolidated affiliates of the Workhorse and the SES joint ventures.

(2)   Equity income contributed by the WAVE and ClarkDietrich joint ventures is included in Building Products segment results.

 WORTHINGTON ENTERPRISES, INC.
GAAP / NON-GAAP RECONCILIATIONS
(Dollars in thousands, except per share amounts) For more information regarding the non-GAAP financial measures, refer to the “Use of Non-GAAP Financial Measures and Definitions” section of this release.
 Consolidated Results – Adjusted Earnings per Share – Diluted
    Three Months Ended May 31, 2026     Earnings                 Before  Income        Effective  Operating  Income  Tax  Net  Diluted  Tax  Income  Taxes  Expense  Earnings(1)  EPS(1)  Rate(1) GAAP$23,159  $59,773  $11,708  $48,146  $0.97   19.6%Amortization of inventory step-up(2) 1,500   1,500   (321)  1,179   0.02    Restructuring and other expense, net(3) 794   794   (133)  661   0.02    Non-cash gains in miscellaneous income, net(4) -   (610)  157   (453)  -    Discrete tax item(8) -   -   (1,837)  (1,837)  (0.04)   Non-GAAP$25,453  $61,457  $13,842  $47,696  $0.97   22.5%  Three Months Ended May 31, 2025     Earnings              Operating  Before  Income        Effective  Income  Income  Tax  Net  Diluted  Tax  (Loss)  Taxes  Expense  Earnings(1)  EPS(1)  Rate(1) GAAP$(30,405) $8,331  $4,717  $3,877  $0.08   54.9%Impairment of long-lived assets(3) 50,813   50,813   (10,387)  40,426   0.81    Restructuring and other expense, net(3) 1,372   1,372   (164)  1,208   0.02    Non-cash losses in miscellaneous expense, net(4) -   5,000   -   5,000   0.10    Non-recurring loss in equity income(5) -   3,387   (801)  2,586   0.05    Non-GAAP$21,780  $68,903  $16,069  $53,097  $1.06   23.2%  Twelve Months Ended May 31, 2026     Earnings                 Before  Income        Effective  Operating  Income  Tax  Net  Diluted  Tax  Income  Taxes  Expense  Earnings(1)  EPS(1)  Rate(1) GAAP$76,209  $201,348  $46,313  $156,085  $3.14   22.9%Amortization of inventory step-up(2) 5,151   5,151   (1,209)  3,942   0.08    Restructuring and other expense, net(3) 7,100   7,100   (1,425)  5,675   0.12    Non-cash losses in miscellaneous expense, net(4) -   3,925   (229)  3,696   0.07    Discrete tax item(8) -   -   (1,837)  (1,837)  (0.04)   Non-GAAP$88,460  $217,524  $51,013  $167,561  $3.37   23.3%  Twelve Months Ended May 31, 2025     Earnings              Operating  Before  Income        Effective  Income  Income  Tax  Net  Diluted  Tax  (Loss)  Taxes  Expense  Earnings(1)  EPS(1)  Rate(1) GAAP$(10,715) $128,809  $33,839  $96,053  $1.92   26.1%Amortization of inventory step-up(2) 1,477   1,477   (350)  1,127   0.02    Impairment of long-lived assets(3) 50,813   50,813   (10,387)  40,426   0.81    Restructuring and other expense, net(3) 10,524   10,524   (796)  9,728   0.19    Non-cash losses in miscellaneous expense, net(4) -   5,000   -   5,000   0.10    Non-recurring loss in equity income(5) -   3,387   (801)  2,586   0.05    Non-GAAP$52,099  $200,010  $46,173  $154,920  $3.09   23.0% Consolidated Results – Adjusted EBITDA

  Three Months Ended  Twelve Months Ended   May 31,  May 31,   2026  2025  2026  2025 Net earnings (GAAP) $48,065  $3,614  $155,035  $94,970 Plus: Net loss attributable to noncontrolling interest  81   263   1,050   1,083 Net earnings attributable to controlling interest  48,146   3,877   156,085   96,053 Interest expense (income), net  2,885   (60)  6,248   2,090 Income tax expense  11,708   4,717   46,313   33,839 EBIT(6)  62,739   8,534   208,646   131,982 Amortization of inventory step-up(2)  1,500   -   5,151   1,477 Impairment of long-lived assets(3)  -   50,813   -   50,813 Restructuring and other expense, net(3)  794   1,372   7,100   10,524 Non-cash (gains) losses in miscellaneous (income) expense, net(4)  (610)  5,000   3,925   5,000 Non-recurring loss in equity income(5)  -   3,387   -   3,387 Adjusted EBIT(6)  64,423   69,106   224,822   203,183 Depreciation and amortization  15,870   12,555   57,272   48,262 Stock-based compensation(7)  3,230   3,399   13,734   13,521 Adjusted EBITDA (non-GAAP) $83,523  $85,060  $295,828  $264,966              Net earnings margin (GAAP)  12.9%  1.1%  11.2%  8.2%Adjusted EBITDA margin (non-GAAP)  22.5%  26.8%  21.4%  23.0% (1)   Excludes the impact of noncontrolling interest.

(2)   Reflects the amortization of the step-up to fair market value of acquired inventory related to the LSI and Elgen acquisitions in fiscal 2026 and the Ragasco acquisition in fiscal 2025.

(3)   Significant pre-tax impairment and restructuring charges include the following:

Impairment of long-lived assets: Non-cash charge of $50,050 in the fourth quarter of 2025 related to the write-down of intangible assets associated with GTI.Restructuring and other expense, net: A charge of $4,536 in fiscal 2025 related to an increase in the fair value of the contingent liability associated with the Ragasco earnout. (4)   Reflects the following non-cash activity in miscellaneous (income) expense, net:

A loss of $2,950 incurred during the second quarter of fiscal 2026 in connection with the divestiture of the company’s 49% interest in the composite assets of its SES joint venture on October 16, 2025. In exchange for the company’s interest in the divested assets, it received common shares of both Hexagon Composites and Hexagon Purus.Unrealized (gains) losses during fiscal 2026 associated with the marketable securities noted directly above.A pre-tax charge of $5,000 during the fourth quarter of fiscal 2025 to write down an investment in a note receivable that was determined to be other than temporarily impaired. (5)   Reflects a non-cash impairment charge of $3,387 at the SES joint venture during the fourth quarter of fiscal 2025

(6)   EBIT and adjusted EBIT are non-GAAP financial measures. However, these measures are not used by management to evaluate the company’s performance, engage in financial and operational planning, or to determine incentive compensation. Instead, they are included as subtotals in the reconciliation of net earnings to adjusted EBITDA, which is a non-GAAP financial measure used by management.

(7)   Excludes $2,665 of stock-based compensation reported in restructuring and other expense, net in the company’s consolidated statement of earnings during fiscal 2025 related to the accelerated vesting of certain outstanding equity awards upon retirement of a key employee.

(8)   Reflects the release of a FIN 48 reserve associated with a non-recurring gain recognized in fiscal 2021.

Consolidated Results - Free Cash Flow

The following tables provide a reconciliation of net cash provided by operating activities to free cash flow and the calculation of operating cash flow conversion to free cash flow conversion for the three and 12 months ended May 31, 2026 and 2025.

  Three Months Ended  Twelve Months Ended   May 31,  May 31,   2026  2025  2026  2025 Net cash provided by operating activities (GAAP) $71,601  $62,414  $226,119  $209,744 Investment in property, plant, and equipment  (16,492)  (13,086)  (55,913)  (50,580)Free cash flow (non-GAAP) $55,109  $49,328  $170,206  $159,164              Net earnings attributable to controlling interest (GAAP) $48,146  $3,877  $156,085  $96,053 Adjusted net earnings attributable to controlling interest (non-GAAP) $47,696  $53,097  $167,561  $154,920              Operating cash flow conversion (GAAP)(1)  149%  1,610%  145%  218%Free cash flow conversion (non-GAAP)  116%  93%  102%  103% (1)   Operating cash flow conversion is defined as net cash provided by operating activities divided by net earnings attributable to controlling interest.

WORTHINGTON ENTERPRISES, INC.
USE OF NON-GAAP FINANCIAL MEASURES AND DEFINITIONS

NON-GAAP FINANCIAL MEASURES. These materials include certain financial measures that are not calculated and presented in accordance with accounting principles generally accepted in the United States (“GAAP”). Non-GAAP financial measures typically exclude items that management believes are not reflective of, and thus should not be included when evaluating the performance of the company’s ongoing operations. Management uses these non-GAAP financial measures to evaluate ongoing performance, engage in financial and operational planning, and determine incentive compensation. Management believes these non-GAAP financial measures provide useful supplemental information regarding the performance of the company’s ongoing operations and should not be considered as an alternative to the comparable GAAP financial measure. Additionally, management believes these non-GAAP financial measures allow for meaningful comparisons and analysis of trends in the company’s businesses and enables investors to evaluate operations and future prospects in the same manner as management.

The following provides an explanation of each non-GAAP financial measure presented in these materials:

Adjusted operating income (loss) is defined as operating income (loss) excluding the items listed below, to the extent naturally included in operating income (loss).

Adjusted net earnings is defined as net earnings attributable to controlling interest excluding the after-tax effect of the excluded items outlined below.

Adjusted EPS – diluted is defined as adjusted net earnings divided by diluted weighted-average common shares outstanding for the applicable period.

Adjusted EBITDA is the measure by which management evaluates segment performance and overall profitability. EBITDA is defined as earnings before interest, taxes, depreciation, and amortization. Adjusted EBITDA excludes additional items including, but not limited to, those listed below, as well as other items that management believes are not reflective of, and thus should not be included when evaluating the performance of ongoing operations. Adjusted EBITDA also excludes stock-based compensation due to its non-cash nature, which is consistent with how management assesses operating performance and determines incentive compensation. At the segment level, adjusted EBITDA includes expense allocations for centralized corporate back-office functions that exist to support the day-to-day business operations. Public company and other governance costs are held at the corporate level within the unallocated corporate and other category.

Adjusted EBITDA margin is calculated by dividing adjusted EBITDA by net sales.

Free cash flow is a non-GAAP financial liquidity measure that is used by the company to assess its ability to generate cash beyond what is required for its business operations and capital expenditures. The company defines free cash flow as net cash flows from operating activities less investment in property, plant, and equipment.

Free cash flow conversion is a non-GAAP financial measure that is used by the company to measure how much of its adjusted net earnings attributable to controlling interest is converted into cash. The company defines free cash flow conversion as free cash flow divided by adjusted net earnings.

EXCLUSIONS FROM NON-GAAP FINANCIAL MEASURES

Management believes it is useful to exclude the following items from its non-GAAP financial measures for its own and investors’ assessment of the business for the reasons identified below. Additionally, management may exclude other items from non-GAAP financial measures that do not occur in the ordinary course of the company’s ongoing business operations and note them in the reconciliation from net earnings to the non-GAAP financial measure adjusted EBITDA.

Amortization of inventory step-up represents the increase in inventory fair value associated with the company’s acquisitions. The increase in inventory fair value is amortized to cost of sales over the period that the related inventory is sold. The amortization of inventory step-up is excluded because it is a non-cash expense that is not indicative of ongoing operating results.Impairment charges are excluded because they do not occur in the ordinary course of the company’s ongoing business operations, are inherently unpredictable in timing and amount, and are non-cash, which management believes facilitates the comparison of historical, current and forecasted financial results.Restructuring activities consist of established programs that are intended to fundamentally change the company’s operations, and as such are excluded from its non-GAAP financial measures. The company’s restructuring programs may include closing or consolidating production facilities or moving manufacturing of a product to another location, realignment of the management structure of a business unit in response to changing market conditions or general rationalization of headcount. The company’s restructuring activities generally give rise to employee-related costs, such as severance pay, and facility-related costs, such as exit costs and gains or losses on asset disposals but may include other incremental costs associated with the company’s restructuring activities. Restructuring and other expense, net, may also include other nonrecurring items included in operating income but incremental to the company’s normal business activities. These items are excluded because they are not indicative of the ongoing operations of the company’s underlying business.Non-cash (gains) losses in miscellaneous (income) expense are excluded due to their non-cash nature and the fact that they do not occur in the normal course of business and may obscure analysis of trends and financial performance.Non-recurring loss in equity income is excluded because it does not occur in the normal course of business and is inherently unpredictable in timing and amount. Sonya L. Higginbotham
Senior Vice President
Chief of Corporate Affairs, Communications and Sustainability
614.438.7391
[email protected]

Marcus A. Rogier
Treasurer and Investor Relations Officer
614.840.4663
[email protected]

200 Old Wilson Bridge Rd.
Columbus, Ohio 43085
WorthingtonEnterprises.com

Vancouver, British Columbia--(Newsfile Corp. - June 24, 2026) - Metalsource Mining Inc. (CSE: MSM) (OTCQB: MSMMF) (FSE: E9Z) ("Metalsource" or the "Company") is pleased to announce additional assay results from its ongoing exploration program at the Silver Hill Project. The latest results continue to strengthen confidence in the continuity of the Silver Hill polymetallic system, with successful step out drilling extending mineralization beyond historical workings while refining the Company's understanding of a newly identified high grade zone. Hole SH26-18 returned 11.8 metres grading 245 g/t silver equivalent ("AgEq"), including 833 g/t AgEq over 1.4 metres and 1,580 g/t AgEq over 0.64 metres, while extending mineralization approximately 28 metres south of previously reported hole SH26-08. The results further support management's belief that mineralization remains open along strike, down plunge and at depth, with multiple assays still pending from the current drill campaign.

SH26-17: Explores the northern edge of our recently identified high-grade zone which is locally internal to the widespread mineralization delineated thus far in the project. SH26-17 identifies the target horizon between 185.59 and 185.75m with combined Pb-Zn values up to 14.3%, demonstrating mineralization remains open to the north. Additionally, this result shows that local variation in width and grade are common at Silver Hill.

SH26-18: 28m south step out from SH26-08, demonstrating continuity of widespread mineralization and improved targeting of recently defined high grade plunging mineralization (47°/276°). Results of 32.5% combined Pb-Zn and 13.8g/t Au between 199.40 and 200.04m increases vector confidence for down plunge targeting.

These results continue to inform our understanding of the deposit morphology, grade variation, and orientation of internal high-grade plunging mineralization within the wider polymetallic footprint at Silver Hill. These are critical developments for improving exploration targeting.

Drill Hole IDFrom (m)To (m)Length (m)Au (g/t)Ag (g/t)Pb (%)Zn (%)Cu (%)AgEq (g/t)SH26-17185.59185.750.150.721.53.810.50.5292SH26-18199.40211.2311.831.434.32.25.40.1245Including199.40200.801.407.319.71.516.00.3833Including199.40200.040.6413.836.82.729.80.71,580Including208.94211.232.291.7152.79.816.00.4636Table 1: Composite assay results from SH26-17 and SH26-18. Widths reported are core length, as additional data is needed to estimate the true width of intercepts at this stage of the project. *Details on AgEq calculations below.

Figure 1: Panoramic photograph showing mineralization from SH26-18.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/12035/302620_e753ca4814e3c890_002full.jpg

Figure 2: Plan view of the Silver Hill project area showing the location of Pads 1-5. Transparent aerial image shows position of underground historic workings.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/12035/302620_e753ca4814e3c890_003full.jpg

Figure 3: Long section looking northeast (113°) showing intercept locations colored by AgEq. Black dots indicate intercepts with pending assays. Note: Small colored dots within historic workings are bulk samples taken by previous workers and are colored by AgEq. 

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/12035/302620_e753ca4814e3c890_004full.jpg

Joe Cullen, CEO of Metalsource Mining, commented:

"These results are significant because they continue to demonstrate continuity within the system while validating our evolving geological model. Hole SH26-18 successfully stepped out approximately 28 metres from Hole SH26-08 and intersected the same style of strong silver, gold, lead and zinc mineralization, giving us increasing confidence that we are tracking a coherent high-grade corridor rather than isolated pockets of mineralization.

What is becoming particularly compelling is the consistency of the metal assemblage. We continue to encounter strong silver and gold grades accompanied by robust lead and zinc values, a combination often associated with powerful mineralizing systems. As our understanding of the geometry improves, we believe we are becoming increasingly effective at vectoring toward the source of this potential mineralization.

The more we learn about Silver Hill, the more intrigued we become by what this system may ultimately hold. Mineralization remains open along strike, down plunge and at depth, and with drilling continuing and numerous assays still pending, we believe we are only beginning to understand the scale and potential of this historic district."

What's Next

Awaiting Multiple Drill Results: Numerous drill holes from the current campaign remain pending, including holes designed to test extensions of mineralization along strike, down plunge, and at depth.

Increasing Drilling Capacity: The Company is advancing plans to secure an additional drill rig, which is expected to accelerate testing of both known mineralization and newly identified exploration targets.

Evaluating Strategic Land Expansion: Metalsource is assessing opportunities to expand its land position in prospective areas identified through geological and geophysical analysis, strengthening its ability to explore district-scale potential.

Integrating New Data to Generate Additional Targets: The Company continues to combine recently completed IP survey results with ongoing drilling data and historical datasets. Early interpretations suggest additional exploration opportunities may exist beyond the currently defined mineralized footprint, with follow-up work underway to refine and prioritize future drill targets.

Advancing the Next Phase of Exploration: Building on the success of the current drilling campaign, Metalsource is actively pursuing several initiatives aimed at accelerating exploration and evaluating the broader potential of the Silver Hill district.

Positioned for Continued Growth: As drilling, geophysics, and geological interpretation continue to converge, the Company is gaining valuable vectoring information to guide future exploration and target generation. Management believes Silver Hill is entering an important phase of growth and looks forward to providing further updates as exploration progresses.

Why This Matters to Investors

Silver Hill is increasingly demonstrating the characteristics of an expanding polymetallic system rather than a series of isolated high-grade intercepts. The significance of Hole SH26-18 is not simply the grade returned, but that it successfully extended mineralization approximately 28 metres from a previously reported high grade intercept while confirming management's evolving geological model.

Each successful step out hole improves confidence in the continuity, geometry and scale of the mineralized system. As Metalsource continues to refine its understanding of the recently identified high grade plunge, drilling is becoming increasingly targeted and effective at testing extensions of known mineralization along strike, down plunge and at depth.

Importantly, mineralization remains open in multiple directions and a significant number of assays remain pending from the current campaign. Combined with the Company's ongoing geophysical work and plans to continue systematic step out drilling, management believes Silver Hill remains in the early stages of defining the full extent of a historic American polymetallic system.

The Company's objective remains straightforward: continue expanding the known mineralized footprint, advance toward an inaugural modern resource estimate, and evaluate the broader exploration potential of the Silver Hill district.

Drill Hole IDEasting (m)Northing (m)Elev. (m)AzimuthDipLength (m)StatusSH25-015724083951597224107-63109CompleteSH25-02572408395159722496-85101CompleteSH25-03572410395175123696-46305CompleteSH25-045724103951751236352-89100CompleteSH26-055722803951624262125-73199CompleteSH26-065722803951624262129-51154Assay PendingSH26-07572280395162426274-89200CompleteSH26-085722803951624262297-77231CompleteSH26-09572237395159026289-7015Abandoned SH26-10572237395159026291-76188CompleteSH26-11572237395159026226-83197CompleteSH26-125722373951590262293-84255Assay PendingSH26-135722373951590262145-82215Assay PendingSH26-145722373951590262125-67185Assay PendingSH26-155721683951658261107-79267CompleteSH26-16572168395165826185-76267CompleteSH26-17572168395165826194-61245CompleteSH26-185721683951658261120-70297CompleteSH26-195721683951658261131-76258Assay PendingSH26-205721683951658261133-80276Assay PendingSH26-215721683951658261168-86288Assay PendingSH26-225721683951658261111-86285Assay PendingSH26-23572168395165826171-87288Assay PendingSH26-24572168395165826155-84288Assay PendingTable 2: Drill collar locations and layout azimuth/dip for exploration drilling thus far at the Silver Hill Project. Collar survey in progress and will likely change reported collar elevations. Collar coordinates in WGS84 / UTMZ17N.Metalsource QA/QC protocols are maintained through the insertion of certified reference material (standards), blanks, and duplicates within the sample stream. The drill core is cut in half with a diamond saw, with one half placed in sealed bags and shipped to the laboratory and the other half retained on site. Chain of custody is maintained from the drill to the submittal into the laboratory preparation facility.

Analytical testing is performed by ALS Geochemistry (Reno, NV) and ALS Canada (Vancouver, BC). The entire sample is crushed to 70% passing 2mm mesh, with a 250 gram split pulverized to 85% passing minus 75 micron. A four-acid digest is performed on 0.25g of sample to quantitatively dissolve most geological materials. Analysis is performed with a combination of ICP-AES and ICP-MS and fire assay.

The exploration results described herein are preliminary in nature and are insufficient to define a mineral resource. Further drilling is required to determine the continuity, geometry, and grade distribution of mineralization. At the time of this release analytical results remain pending.

*Metal values used in AgEq calculations are from the 200-day moving average values from 2/6/2026, and all values are in USD. PAu= $124.5/g, PAg= $1.58/g, PCu= $4.9/lbs, PPb=$0.90/lbs, PZn=$1.11/lbs, 0.00220462262 = grams-to-pounds conversion factor, 22.0462262 = pounds per tonne for 1% metal. Metal recoveries used in the AgEq calculation are Au: 95.5%, Ag: 92.9%, Pb: 89.2%, Zn: 93.8% and Cu 90.8%. These recovery values are derived from batch metallurgical testing used to estimate recoveries of Silver Hill ores, completed in 1988. Individual metal values in the results table are composited values and not factored by recovery. Metal recoveries are applied to their respective component of the AgEq calculation only.

Further, the Company has granted an aggregate 500,000 restricted share units, valid for a term of three years, to consultants of the Company.  The restricted share units are issued pursuant to the Company’s share compensation plans and are subject to vesting over a one-year term, in addition to a statutory hold period of four months and one day from issuance.

Qualified Person

All scientific and technical information has been reviewed and approved by Darcy Vis, B.Sc., P.Geo., President of Tripoint Geological Services Ltd., a contractor of the Company, and a Qualified Person as defined under National Instrument ("NI") 43-101 - Standards of Disclosure for Mineral Projects.

Silver Hill Project

Located in the Carolina Terrane, the property is underlain by volcaniclastic and volcano-sedimentary rocks predominantly of Neoproterozoic and Cambrian age. Current interpretations suggest this terrane is an extension of the Avalon Terrane. The property is 1,225 acres located in Davidson County, North Carolina. The property historically hosts the first significant discovery and first silver-producing mine in America and is supported by an extensive historic dataset, including drillhole data, underground mapping, historic dumps and underground chip samples. Currently known mineralization extends to 550m from surface, in a steeply trending series of lenses, which remain open in multiple directions. Recent surface sampling bolsters the historic dataset; results include SH25-003, which returned 444g/t Ag, 17.7 g/t Au, 8.61% Pb, and 0.507% Zn.

Byrd-Pilot Mountain Project

The Byrd-Pilot Mountain Project is located in central North Carolina within the Carolina Terrane. Initial USGS surveys in the 1980s identified the area as a potential host for a porphyry gold-copper system. Subsequent exploration demonstrated broad gold mineralization in soils, trenches, and shallow RC drilling, coincident with strong self-potential anomalies. Geology shows intense quartz-sericite-pyrite alteration, high-sulfidation signatures, and high-alumina minerals (like Haile and Brewer deposits to the south), suggesting potential for a large epithermal or porphyry-related gold system. Geologic modelling of currently identified mineralization indicates an east-west trend open in multiple directions, with oxidation noted down to a depth of 30m. No drilling has tested the Meridian discovery zone since those 1980s campaigns, leaving potential for significant resource expansion through work commitments of the agreement.

About Metalsource Mining Inc.

Metalsource Mining Inc. is a U.S.-focused precious and critical metals exploration company advancing the Silver Hill Project in North Carolina, widely recognized as the historic location of America's first silver mine. A historically producing mining district dating back to 1839, Silver Hill produced silver, gold, lead and zinc during the formative years of the American mining industry and remains one of the most historically significant mining assets in the United States.

The Company is focused on expanding known mineralization, advancing toward a modern resource estimate, and unlocking the broader potential of the Silver Hill district through systematic drilling, geological modeling and modern exploration techniques.

Metalsource Mining Inc.
America's First Silver Mine. Modern Exploration. Historic Opportunity.

For further information, please contact:
Joe Cullen CEO - Metalsource Mining Inc.
Tel: (778) 919-8615
Email: [email protected]

Cautionary Note About Forward-Looking Statements

This news release may include forward-looking statements that are subject to risks and uncertainties. By its nature, this information is subject to ‎‎inherent risks and ‎‎uncertainties that may be general or specific and which give rise to the possibility that ‎‎expectations, ‎‎forecasts, predictions, projections, or conclusions will not prove to be accurate, that ‎‎assumptions may not ‎‎be correct, and that objectives, strategic goals and priorities will not be achieved. ‎‎These risks and ‎‎uncertainties include but are not limited those identified and reported in the Company's ‎‎public filings ‎‎under the Company's SEDAR profile at www.sedarplus.ca. Although the Company has ‎‎attempted to identify ‎‎important factors that could cause actual actions, events, or results to differ ‎‎materially from those ‎‎described in forward-looking information, there may be other factors that cause ‎‎actions, events or ‎‎results not to be as anticipated, estimated or intended. There can be no assurance that ‎‎such information ‎‎will prove to be accurate as actual results and future events could differ materially from ‎‎those ‎‎anticipated in such statements. The Company disclaims any intention or obligation to update or ‎‎revise any ‎‎forward-looking information, whether as a result of new information, future events or ‎‎otherwise unless ‎‎required by law.‎

Neither the CSE nor the Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/302620

Source: Metalsource Mining Inc.

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, /PRNewswire/ -- Leading global observability software provider Integrated Research ("IR") today announced Iris for Card Payments, the AI‑powered assistant designed to help payments teams detect issues earlier, understand their impact faster, and act before revenue and customer trust are at risk.

As card payments environments grow in scale and complexity, issues can cascade in minutes. Transaction volumes spike, dependencies multiply, and even highly experienced teams can struggle to correlate schemes, response codes, flows, and performance metrics in real-time. AI-powered observability can unlock faster, deeper insight for payments teams at precisely the moment when clarity matters most.

Via natural language prompts, Iris for Card Payments delivers real-time card payments insights, and is built on IR's core observability platform Prognosis which monitors over 80 billion transactions each year for some of the world's largest banks and financial institutions.

Iris: AI that truly understands card payments

Extra pair of Expert Eyes: Iris makes deep card payments expertise instantly accessible, reducing reliance on scarce specialists and building confidence 24/7. Purpose-built with context-aware insights: Iris understands card payments end-to-end, with built-in IR correlation logic to explain why something happened, not just what. Natural-language queries: Clear answers about transaction declines, approvals, volumes and performance - no syntax or dashboard stitching required. Iris for Card Payments is available from May 2026 in Beta to customers globally as part of the release of Prognosis 13.3. Future releases will extend Iris to High Value Payments and Real‑Time Payments domains.

For more information or to request a demo, visit the website.

About IR
At IR, we power elite business performance. Trusted by the world's largest organizations for more than 30 years, our market-leading observability solutions are powered by Prognosis – the real-time intelligence platform built for multi-vendor infrastructure, UC&CX and payments environments. To find out more, visit www.ir.com.

SOURCE Integrated Research (IR)

New York, New York--(Newsfile Corp. - June 20, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Calix, Inc. (NYSE: CALX) between January 28, 2026 and April 21, 2026, inclusive (the "Class Period"), of the important July 27, 2026 lead plaintiff deadline.

SO WHAT: If you purchased Calix securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Calix class action, go to https://rosenlegal.com/cases/calix-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 27, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) Calix's first quarter margins had significantly benefited from advanced purchasing of memory components; (2) Calix's advanced supply of memory components was dwindling; (3) as a result, Calix was experiencing negative margin pressure as it was forced to purchase memory components at rising market prices; and (4) as a result of the foregoing, defendants' positive statements about Calix's margins, business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Calix class action, go to https://rosenlegal.com/cases/calix-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

-------------------------------

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/302208

Source: The Rosen Law Firm PA

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NEW YORK, June 21, 2026 (GLOBE NEWSWIRE) -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized investor-rights law firm, announces that a class action lawsuit has been filed against Calix, Inc. (NYSE: CALX) and certain of its officers.

This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Calix securities between January 28, 2026 and April 21, 2026, both dates inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the firm’s site: bgandg.com/CALX.

Calix Case Details

The Complaint alleges that throughout the Class Period, defendants failed to disclose to investors:
      (1)    the Company’s first quarter margins had significantly benefited from advanced purchasing of memory components;
      (2)    that the Company’s advanced supply of memory components was dwindling;
      (3)    that, as a result, the Company was experiencing negative margin pressure as it was forced to purchase memory components at rising market prices; and
      (4)    that, as a result of the foregoing, Defendants’ positive statements about the Company’s margins, business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

What's Next for Calix Investors?

A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm’s site: bgandg.com/CALX. or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 917-590-0911. If you suffered a loss in Calix you have until July 27, 2026, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff.

No Cost to Calix Investors

We, Bronstein, Gewirtz & Grossman LLC, represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys’ fees, usually a percentage of the total recovery, only if we are successful.

Why Bronstein, Gewirtz & Grossman, LLC for Calix Securities Class Action?

Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. More at www.bgandg.com

"Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace," said Peretz Bronstein, Founding Partner of Bronstein, Gewirtz & Grossman, LLC.

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Contact Info

Peretz Bronstein, Esq. or Nathan Miller
Bronstein, Gewirtz & Grossman, LLC
917-590-0911 | [email protected]

Attorney advertising.
Prior results do not guarantee similar outcomes.