Track market-moving stories before they get noisy

Shahar Tamari, Chief Operating Officer (COO) of Global-E Online (GLBE 0.81%), reported the sale of 25,949 shares of Common Stock for approximately $903,000, according to an SEC Form 4 filing.

Transaction summaryMetricValueShares sold (direct)25,949Transaction value$902,766Post-transaction shares (direct)3,790,225Post-transaction value (direct ownership)$128.53 millionTransaction value based on SEC Form 4 reported price ($34.79); post-transaction value based on April 17, 2026, market close ($33.91).

Key questionsHow does this sale compare to Shahar's historical trading activity?
This was the largest single-day sale by Shahar in the past five transactions, with the previous maximum at 16,666 shares, indicating a step-up in dollar volume but still representing less than 1% of direct holdings.What is the current scale of Shahar's ownership relative to the company's equity?
After the transaction, Tamari directly holds 3,790,225 shares, equating to approximately 2.24% of the company's outstanding shares as of the latest available data.Were any derivative securities or indirect holdings involved in this transaction?
The transaction involved only directly held Common Stock, with no sales from indirect accounts or derivative exercises.Does the sale reflect a change in trading cadence or capacity?
The transaction size increased versus prior sales, but this is explained by capacity: Tamari's aggregate holdings remain largely intact, and the percentage sold is consistent with recent activity, suggesting routine portfolio management rather than a strategic shift.Company overviewMetricValueRevenue (TTM)$962.20 millionNet income (TTM)$68.27 millionEmployees1,2191-year price change5.51*1-year price change calculated as of April 20, 2026.

Company snapshotProvides a technology platform enabling direct-to-consumer cross-border e-commerce, facilitating online transactions for international shoppers and merchants.Targets online retailers and brands seeking to expand internationally, with a focus on merchants in Israel, the United Kingdom, the United States, and other global markets.Global-E Online Ltd. operates at scale as a cross-border e-commerce enabler, supporting over 1,000 employees and driving nearly $1 billion in annual revenue. The company’s strategy centers on providing seamless international shopping experiences for both merchants and consumers, leveraging proprietary technology and a global network.

What this transaction means for investorsGlobal E-Online has performed well, rising 5.51% over the past year (as of April 20). So why did its COO, Shahar Tamari, sell part of his stock holdings? In this case, it appears to be a minor transaction unrelated to stock performance or future outlook, as it represented approximately 1% of his total holdings.

Based in Israel, the company has been making steady progress as a leading cross-border e-commerce platform. This is an industry that has seen recent volatility due to geopolitical issues such as tariffs.

Its main attraction is its software program aimed at simplifying international commerce between merchants and consumers, and it has recently partnered with major consumer and luxury brands such as Victoria’s Secret (VSCO +6.12%) and Harrods. In general, growth appears strong as more consumers embrace global trade, and analysts expect earnings to trend upward.

Pamela Kock has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Global-E Online and Victoria's Secret & Co. The Motley Fool has a disclosure policy.

May 04, 2026 16:15 ET  | Source: CooperCompanies

SAN RAMON, Calif., May 04, 2026 (GLOBE NEWSWIRE) -- CooperCompanies (Nasdaq: COO), a leading global medical device company, announced today that its Board of Directors has appointed Paul Keel as an independent director, effective July 1, 2026. Mr. Keel has also been appointed to serve on the Audit Committee when he joins the Board.

“We are delighted to welcome Paul to our Board as a new Director,” said Colleen Jay, Chair of the Board of CooperCompanies. “His experience as a CEO in the medical device sector, along with a successful track record of leading complex global operations, will be a significant asset as Cooper continues to execute its strategy and create long-term value for patients, customers, and shareholders.”

Mr. Keel has served as President and Chief Executive Officer of Envista Holdings Corporation (NYSE: NVST), a global specialty medical technology company, since 2024. Prior to joining Envista, Mr. Keel served as CEO of Smiths Group plc (LON: SMIN), a diversified global industrial technology company and FTSE constituent, from 2021 to 2024. Earlier, he spent 16 years at 3M, serving in various leadership roles, including Group President of 3M Consumer Business, President of 3M Medical, President of 3M Unitek, SVP of Manufacturing & Supply Chain, and SVP of Marketing, Sales & Business Development. Mr. Keel’s career also includes roles at General Mills, General Electric, Norwest Equity Partners, and McKinsey & Company. He holds an MBA from Harvard Business School and a BA in Economics from Carleton College.

About CooperCompanies

CooperCompanies (Nasdaq: COO) is a leading global medical device company focused on helping people experience life’s beautiful moments through its two business units, CooperVision and CooperSurgical. CooperVision is a trusted leader in the contact lens industry, helping to improve the way people see each day. CooperSurgical is a leading fertility and women’s healthcare company dedicated to putting time on the side of women, babies, and families at the healthcare moments that matter most. Headquartered in San Ramon, CA, CooperCompanies has a workforce of more than 15,000, sells products in over 130 countries, and positively impacts over fifty million lives each year. For more information, please visit www.coopercos.com.

Forward-Looking Statements

This press release contains “forward-looking statements” as defined by the Private Securities Litigation Reform Act of 1995. Statements relating to the Company’s efforts to enhance long-term shareholder value, plans, strategies, future actions, and other statements of which are other than statements of historical fact, are forward-looking. Forward-looking statements necessarily depend on assumptions, data, or methods that may be incorrect or imprecise and are subject to risks and uncertainties. Statements regarding future events and performance and contain words such as “expects” and similar words or phrases. A wide range of factors could materially affect future developments, including, but not limited to, uncertainties related to market conditions and other factors set forth in our other filings with the United States Securities and Exchange Commission, including our most recent Annual Report on Form 10-K. These risks and uncertainties may cause actual future results or actions to be materially different than those expressed in such forward-looking statements. We do not intend, or undertake any duty, to update any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

Contact:

Kim Duncan

Vice President, Investor Relations and Risk Management

925-460-3663

[email protected]

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Stock to Watch: The Cooper Companies (COO - Free Report) The Cooper Companies is a global medical device company operating through two main segments: CooperVision (CVI) and CooperSurgical (CSI). CVI focuses on contact lenses, with a strong presence in daily silicone hydrogel lenses, torics, multifocals, and myopia management. Its flagship MyDay franchise, including MyDay Energys and toric/multifocal expansions, continues to capture premium share, while MiSight addresses the growing myopia epidemic. CSI provides products and services in fertility and women’s health, offering in-vitro fertilization (IVF) solutions, contraceptives such as Paragard, and office/surgical devices.

COO is a #2 (Buy) on the Zacks Rank, with a VGM Score of B.

It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 13.2; value investors should take notice.

One analyst revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.02 to $4.62 per share. COO boasts an average earnings surprise of +4.1%.

With a solid Zacks Rank and top-tier Value and VGM Style Scores, COO should be on investors' short list.

Incyte (Nasdaq:INCY) today announced positive results from the pivotal Phase 3 frontMIND trial evaluating the efficacy and safety of tafasitamab (MonjuviÂ/Min

SAN RAMON, Calif., June 04, 2026 (GLOBE NEWSWIRE) -- CooperCompanies (Nasdaq: COO), a leading global medical device company, today announced financial results for its fiscal second quarter ended April 30, 2026.

Second quarter 2026 revenue of $1.082 billion, up 8%, or up 5% organically, from last year's second quarter.Second quarter 2026 GAAP diluted earnings per share (EPS) of $(0.40), down $0.84 from last year's second quarter driven by a litigation-related charge to resolve outstanding claims associated with a December 2023 voluntary product recall at CooperSurgical.Second quarter 2026 Non-GAAP diluted EPS of $1.21, up $0.25 or 26% from last year's second quarter. See "Reconciliation of Selected GAAP Results to Non-GAAP Results" below.
"We delivered a strong second quarter, achieving record revenue and non-GAAP earnings per share while marking our tenth consecutive quarter of exceeding consensus earnings expectations," said Al White, CooperCompanies' President and CEO. "Our performance reflects solid execution across our businesses, supported by new product launches, favorable demand drivers, and ongoing focus on operational discipline. In addition, we have reached agreements to resolve substantially all of the claims related to CooperSurgical's fertility media recall, representing an important step in addressing this issue and allowing us to move forward with our strategic review. Moving forward, we are focused on driving sustainable, profitable growth and strong cash flow, while maintaining discipline in a dynamic operating environment."

Second Quarter Operating Results

Revenue of $1.082 billion, up 8% from last year’s second quarter, up 5% in constant currency, up 5% organically.Gross margin of 68% similar to last year's second quarter. On a non-GAAP basis, gross margin was also similar to last year at 68%, with positive FX offsetting higher costs including tariffs.Operating margin of negative 3% compared with 18% in last year’s second quarter, primarily reflecting higher SG&A expenses, due to a $271.6 million litigation-related charge. On a non-GAAP basis, operating margin was up 260 basis points from last year to 27%, reflecting disciplined execution and meaningful synergies from last year's reorganization.Interest expense of $20.9 million compared with $24.2 million in last year's second quarter driven by lower interest rates and lower average debt. On a non-GAAP basis, interest expense was $20.9 million, down from $23.5 million.Cash provided by operations of $182.8 million, offset by capital expenditures of $86.4 million resulted in free cash flow of $96.4 million.
Second Quarter CooperVision (CVI) Revenue

Revenue of $723.5 million, up 8% from last year’s second quarter, up 4% in constant currency, up 4% organically.Revenue by category:     % change y/y  (In millions) Reported
 Currency Impact
 Constant Currency
 Acquisitions and Divestitures
 Organic
  2Q26      Toric and multifocal$364.9 11% (4)% 7% —% 7% Sphere, other 358.6 5% (4)% 1% —% 1% Total$723.5 8% (4)% 4% —% 4%                    Revenue by geography:
    % change y/y  (In millions) Reported
 Currency Impact
 Constant Currency
 Acquisitions and Divestitures
 Organic
  2Q26      Americas$303.2 7% —% 7% —% 7% EMEA 289.7 17% (11)% 6% —% 6% Asia Pacific 130.6 (6)% —% (6)% —% (6)% Total$723.5 8% (4)% 4% —% 4%                    Second Quarter CooperSurgical (CSI) Revenue

Revenue of $358.0 million, up 8% from last year's second quarter, up 6% in constant currency, up 6% organically.
Revenue by category:
    % change y/y  (In millions) Reported
 Currency Impact
 Constant Currency
 Acquisitions and Divestitures
 Organic
  2Q26      Office and surgical$214.2 4% —% 4% —% 4% Fertility 143.8 13% (3)% 10% —% 10% Total$358.0 8% (2)% 6% —% 6%                    Other

During the second quarter, the Company repurchased $13.1 million of common stock, approximately 174 thousand shares, at an average share price of $75.84. The program has $860.8 million of remaining availability.Recorded a $271.6 million net pre-tax charge within SG&A related to certain product-related litigation matters associated with a December 2023 voluntary recall of embryo culture media at CooperSurgical, consisting of $324.1 million of accrued litigation liabilities, partially offset by $52.5 million of expected insurance recoveries. Fiscal Year 2026 Financial Guidance

The Company updated its fiscal year 2026 financial guidance. Details are summarized as follows:

Fiscal 2026 total revenue of $4.285 - $4.321 billion (organic growth of 3.5% to 4.5%) CVI revenue of $2.883 - $2.908 billion (organic growth of 3.5% to 4.5%)CSI revenue of $1.402 - $1.414 billion (organic growth of 4% to 5%) Fiscal 2026 non-GAAP diluted EPS of $4.58 - $4.66Reaffirm previously communicated long-term free cash flow objective exceeding $2.2 billion for fiscal years 2026 through 2028
Non-GAAP diluted earnings per share guidance excludes amortization and impairment of intangible assets, and certain income or gains and charges or expenses including acquisition and integration costs which we may incur as part of our continuing operations.

With respect to the Company’s guidance expectations, the Company has not reconciled non-GAAP diluted earnings per share guidance to GAAP diluted earnings per share due to the inherent difficulty in forecasting acquisition-related, integration and restructuring charges and expenses, which are reconciling items between the non-GAAP and GAAP measures. Due to the unknown effect, timing and potential significance of such charges and expenses that impact GAAP diluted earnings per share, the Company is not able to provide such guidance.

Reconciliation of Selected GAAP Results to Non-GAAP Results

To supplement our financial results and guidance presented on a GAAP basis, we provide non-GAAP measures such as non-GAAP gross margin, non-GAAP operating margin, non-GAAP diluted earnings per share, as well as constant currency and organic revenue growth because we believe they are helpful for the investors to understand our consolidated operating results. Management uses supplemental non-GAAP financial measures internally to understand, manage and evaluate our business, to make operating decisions, and to plan and forecast for future periods. The non-GAAP measures exclude costs which we generally would not have otherwise incurred in the periods presented as a part of our continuing operations. We provide further details of the non-GAAP adjustments made to arrive at our non-GAAP measures in the GAAP to non-GAAP reconciliations below. Our non-GAAP financial results and guidance are not meant to be considered in isolation or as a substitute for comparable GAAP measures and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP.

To present constant currency revenue growth, current period revenue for entities reporting in currencies other than the United States dollar are converted into United States dollars at the average foreign exchange rates for the corresponding period in the prior year. To present organic revenue growth, we excluded the effect of foreign currency fluctuations and the impact of any acquisitions, divestitures and discontinuations that occurred in the comparable period.

We define the non-GAAP measure of free cash flow as cash provided by operating activities less capital expenditures. We believe free cash flow is useful for investors as an additional measure of liquidity because it represents cash that is available to grow the business, make strategic acquisitions, repay debt, or buyback common stock. Management uses free cash flow internally to understand, manage, make operating decisions and evaluate our business. In addition, we use free cash flow to help plan and forecast future periods.

Investors should consider non-GAAP financial measures in addition to, and not as replacements for, or superior to, measures of financial performance prepared in accordance with GAAP.

THE COOPER COMPANIES, INC. AND SUBSIDIARIES GAAP to Non-GAAP Reconciliation
Gross Margin, Operating Margin, and EPS  Three Months Ended April 30,Six Months Ended April 30,(In millions) 2026Margin % 2025Margin % 2026Margin % 2025Margin %GAAP Gross Profit$735.468%$679.168%$1,430.668%$1,339.368%Acquisition and integration-related charges(1) ——% 2.2—% ——% 3.8—%Exit of business(2) ——% ——% 1.8—% ——%Medical device regulations(3) 0.7—% 0.7—% 1.4—% 1.3—%Total 0.7—% 2.9—% 3.2—% 5.1—%Non-GAAP Gross Profit$736.168%$682.068%$1,433.868%$1,344.468%  Three Months Ended April 30,Six Months Ended April 30,(In millions) 2026 Margin % 2025Margin % 2026Margin % 2025Margin %GAAP Operating Income (Loss)$(31.0)(3)%$184.818%$181.89%$366.819%Amortization of acquired intangibles 47.7 4% 49.85% 95.65% 99.45%Acquisition and integration-related charges(1) — —% 9.61% ——% 13.91%Exit of business(2) — —% ——% 1.8—% ——%Medical device regulations(3) 2.6 —% 5.31% 6.9—% 10.7—%Business optimization charges(4) 1.1 —% ——% 3.0—% ——%Other(5) 276.8 26% ——% 283.513% 0.6—%Total 328.2 30% 64.77% 390.818% 124.66%Non-GAAP Operating Income$297.2 27%$249.525%$572.627%$491.425%  Three Months Ended April 30,Six Months Ended April 30,(In millions, except per share amounts) 2026 EPS 2025 EPS 2026 EPS 2025 EPSGAAP Net Income (Loss)$(77.9)$(0.40)$87.7 $0.44 $52.9 $0.27 $192.0 $0.96 Amortization of acquired intangibles 47.7  0.24  49.8  0.24  95.6  0.48  99.4  0.49 Acquisition and integration-related charges(1) —  —  9.6  0.05  —  —  13.9  0.07 Exit of business(2) —  —  —  —  1.8  0.01  —  — Medical device regulations(3) 2.6  0.01  5.3  0.02  6.9  0.03  10.7  0.05 Business optimization charges(4) 1.1  0.01  —  —  3.0  0.02  —  — Other(5) 277.6  1.42  17.4  0.09  285.2  1.46  19.9  0.10 Tax effects related to the above items (55.4) (0.28) (11.1) (0.06) (70.6) (0.36) (25.8) (0.13)Intra-entity asset transfers(6) 41.7  0.21  34.8  0.18  79.6  0.40  67.8  0.34 Total 315.3  1.61  105.8  0.52  401.5  2.04  185.9  0.92 Non-GAAP Net Income$237.4 $1.21 $193.5 $0.96 $454.4 $2.31 $377.9 $1.88 Weighted average diluted shares used 195.6   200.7   196.1   200.9                    EPS, amounts and percentages may not sum or recalculate due to rounding.

(1) There were no acquisition and integration-related charges in the three and six months ended April 30, 2026.

The acquisition and integration-related charges in fiscal 2025 were primarily related to the obp Surgical and Cook Medical acquisition and integration expenses. Charges included $3.5 million and $4.8 million related to redundant personnel costs for transitional employees, $1.1 million and $2.4 million of professional services fees, $1.2 million and $2.1 million of inventory fair value step-up amortization, $1.1 million and $1.8 million of facility rationalization costs, and $0.3 million and $0.4 million of other acquisition and integration-related activities in the three and six months ended April 30, 2025. The three months ended April 30, 2025 also included $2.4 million of acquisition-related non-cash cumulative true-up adjustments reflecting changes in compensation.

Charges in this category may include the direct effects of acquisition accounting, such as amortization of inventory fair value step-up, professional services fees, regulatory fees, and items related to integrating acquired businesses, such as redundant personnel costs for transitional employees, acquisition-related non-cash cumulative true up adjustments reflecting changes in compensation, other acquisition-related costs, integration-related professional services, long-lived asset write-offs, manufacturing integration costs, legal entity and facility rationalization, and other integration-related activities.

(2) There were no charges related to the exit of business in the three months ended April 30, 2026. The six months ended April 30, 2026 included $1.7 million of specifically-identified long-lived asset write-offs and $0.1 million of other costs related to product line exits.

There were no exit of business charges in the three and six months ended April 30, 2025.

Charges in this category may include costs related to product line exits such as inventory write-offs, employee severance costs, and specifically-identified long-lived asset write-offs.

(3) Charges represent incremental costs of complying with the new European Union (E.U.) medical device regulations and the E.U. in vitro diagnostic medical device regulation (collectively, the "Medical device regulations") for previously registered products and primarily include charges for contractors supporting the project and other direct third-party expenses. We consider these costs to be limited to a specific time period.

(4) Charges included $1.1 million and $2.3 million of redundant personnel costs for transitional employees in the three and six months ended April 30, 2026. The six months ended April 30, 2026 also included $0.4 million of employee severance costs and $0.3 million of other business optimization charges.

There were no business optimization charges in the three and six months ended April 30, 2025.

Charges in this category represent costs associated with initiatives to increase efficiency and optimize the cost structure, and may include, among other items, changes to our IT infrastructure and operations, employee severance costs, redundant personnel costs for transitional employees, legal entity and other business reorganizations, and inventories associated with the business optimization activities.

(5) Charges included $4.5 million and $11.2 million related to legal matters and $0.9 million and $1.8 million of gains and losses on minority interest investments in the three and six months ended April 30, 2026. The three months ended April 30, 2026 also included $272.2 million related to litigation expense and associated legal costs.

Charges in the three months ended April 30, 2025 included $16.7 million of gains and losses on minority interest investments, of which $15.7 million was related to loss on disposal of a minority interest investment, and $0.7 million of accretion of interest attributable to acquisition installment payables. Charges in the six months ended April 30, 2025 included $17.9 million of gains and losses on a minority interest investment, $1.4 million of accretion of interest attributable to acquisition installment payables, and $0.6 million legal fees.

Charges in this category may include legal matters, litigation expense, and other items that are not part of ordinary operations. The adjustments to arrive at non-GAAP net income also include gains and losses on minority interest investments and accretion of interest attributable to acquisition installment payables.

(6) In fiscal 2021, the Company transferred its CooperVision intellectual property and goodwill to its UK subsidiary. As a result, we recorded a deferred tax asset equal to approximately $2.0 billion as a one-time tax benefit in accordance with U.S. GAAP in fiscal 2021 as subsequently adjusted for changes in UK tax law. The non-GAAP adjustments reflect the ongoing net deferred tax benefit from tax amortization each period under UK tax law.

Audio Webcast and Conference Call

The Company will host an audio webcast today for the public, investors, analysts and news media to discuss its second quarter results and current corporate developments. The audio webcast will be broadcast live on CooperCompanies' website, www.investor.coopercos.com, at approximately 5:00 PM ET. It will also be available for replay on CooperCompanies' website, www.investor.coopercos.com. Alternatively, you can dial in to the conference call at 800-715-9871; conference ID 6529381.

About CooperCompanies

CooperCompanies (Nasdaq: COO) is a leading global medical device company focused on helping people experience life's beautiful moments through its two business units, CooperVision and CooperSurgical. CooperVision is a trusted leader in the contact lens industry, helping to improve the way people see each day. CooperSurgical is a leading fertility and women's healthcare company dedicated to putting time on the side of women, babies, and families at the healthcare moments that matter most. Headquartered in San Ramon, CA, CooperCompanies has a workforce of more than 15,000, sells products in over 130 countries, and positively impacts over fifty million lives each year. For more information, please visit www.coopercos.com.

Forward-Looking Statements

This earnings release contains "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995. Statements relating to guidance, plans, prospects, goals, strategies, future actions, events or performance and other statements of which are other than statements of historical fact, including our fiscal year 2026 financial guidance, are forward looking. In addition, all statements regarding anticipated growth in our revenues, expected savings from reorganization activities, anticipated effects of any product recalls, anticipated market conditions, planned product launches, restructuring or business transition expectations, regulatory plans, and expected results of operations and integration of any acquisition are forward-looking. To identify these statements look for words like "believes," "outlook," "probable," "expects," "may," "will," "should," "could," "seeks," "intends," "plans," "estimates" or "anticipates" and similar words or phrases. Forward-looking statements necessarily depend on assumptions, data or methods that may be incorrect or imprecise and are subject to risks and uncertainties.

Among the factors that could cause our actual results and future actions to differ materially from those described in forward-looking statements are: adverse changes in the global or regional general business, political and economic conditions including the impact of continuing uncertainty and instability of certain countries, man-made or natural disasters and pandemic conditions, that could adversely affect our global markets, and the potential adverse economic impact and related uncertainty caused by these items; the impact of international conflicts, including the ongoing conflict in the Middle East, and the global response to international conflicts on the global and local economy, financial markets, energy markets, currency rates and our ability to supply product to, or through, or around, affected countries; our substantial and expanding international operations and the challenges of managing an organization spread throughout multiple countries and complying with a variety of legal, compliance and regulatory requirements; the actual imposition or threats of tariffs, customs duties and fees by the U.S. government and other nations in response and other retaliatory actions, such as trade protection measures, import or export licensing requirements, new or different customs duties, trade embargoes and sanctions and other trade barriers, as well as the impact of the Company’s efforts to mitigate the effects of such tariffs or similar measures; foreign currency exchange rate and interest rate fluctuations including the risk of fluctuations in the value of foreign currencies or interest rates that would decrease our net sales and earnings; our existing and future variable rate indebtedness and associated interest expense is impacted by rate increases, which could adversely affect our financial health or limit our ability to borrow additional funds; changes in tax laws, examinations by tax authorities, and changes in our geographic composition of income; acquisition-related adverse effects including the failure to successfully achieve the anticipated net sales, margins and earnings benefits of acquisitions, integration delays or costs and the requirement to record significant adjustments to the preliminary fair value of assets acquired and liabilities assumed within the measurement period, required regulatory approvals for an acquisition not being obtained or being delayed or subject to conditions that are not anticipated, adverse impacts of changes to accounting controls and reporting procedures, contingent liabilities or indemnification obligations, increased leverage and lack of access to available financing (including financing for the acquisition or refinancing of debt owed by us on a timely basis and on reasonable terms); compliance costs and potential liability in connection with U.S. and foreign laws and health care regulations pertaining to privacy and security of personal information such as the Health Insurance Portability and Accountability Act of 1996 and the California Consumer Privacy Act in the U.S. and the General Data Protection Regulation requirements in Europe, including but not limited to those resulting from data security breaches; a major disruption in the operations of our manufacturing, accounting and financial reporting, research and development, distribution facilities or raw material supply chain due to challenges associated with integration of acquisitions, man-made or natural disasters, pandemic conditions, cybersecurity incidents or other causes; a major disruption in the operations of our manufacturing, accounting and financial reporting, research and development or distribution facilities due to the failure to perform by third-party vendors, including cloud computing providers or other technological problems, including any related to our information systems maintenance, enhancements or new system deployments, integrations or upgrades; a successful cybersecurity attack which could interrupt or disrupt our information technology systems, or those of our third-party service providers, or cause the loss of confidential or protected data; market consolidation of large customers globally through mergers or acquisitions resulting in a larger proportion or concentration of our business being derived from fewer customers; disruptions in supplies of raw materials, particularly components used to manufacture our silicone hydrogel lenses; new U.S. and foreign government laws and regulations, and changes in existing laws, regulations and enforcement guidance, which affect areas of our operations including, but not limited to, those affecting the health care industry, including the contact lens industry specifically and the medical device or pharmaceutical industries generally, including but not limited to the EU Medical Devices Regulation (MDR) and the EU In Vitro Diagnostic Medical Devices Regulation; legal costs, insurance expenses, settlement costs and the risk of an adverse decision, prohibitive injunction or settlement related to product liability, patent infringement, contractual disputes, or other litigation; limitations on sales following product introductions due to poor market acceptance; new competitors, product innovations or technologies, including but not limited to, technological advances by competitors, new products and patents attained by competitors, and competitors' expansion through acquisitions; reduced sales, loss of customers, reputational harm and costs and expenses, including from claims and litigation related to product recalls and warning letters; failure to receive, or delays in receiving, regulatory approvals or certifications for products; failure of our customers and end users to obtain adequate coverage and reimbursement from third-party payers for our products and services; the requirement to provide for a significant liability or to write off, or accelerate depreciation on, a significant asset, including goodwill, other intangible assets and idle manufacturing facilities and equipment; the success of our research and development activities and other start-up projects; dilution to earnings per share from acquisitions or issuing stock; impact and costs incurred from changes in accounting standards and policies; risks related to environmental laws and requirements applicable to our facilities, products or manufacturing processes, including evolving regulations regarding the use of hazardous substances or chemicals in our products; risks related to environmental, social and corporate governance issues, including those related to regulatory and disclosure requirements, climate change and sustainability; and other events described in our United States Securities and Exchange Commission filings, including the “Business”, “Risk Factors” and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections in the Company’s Annual Report on Form 10-K for the fiscal year ended October 31, 2025, as such Risk Factors may be updated in annual and quarterly filings.

We caution investors that forward-looking statements reflect our analysis only on their stated date. We disclaim any obligation to update or revise them except as required by law.

Contact:

Kim Duncan
Vice President, Investor Relations and Risk Management
925-460-3663
[email protected]

THE COOPER COMPANIES, INC. AND SUBSIDIARIESConsolidated Condensed Balance Sheets
(In millions)
(Unaudited)     April 30, 2026 October 31, 2025ASSETSCurrent assets:   Cash and cash equivalents$138.8 $110.6Trade receivables, net 809.2  829.0Inventories 896.4  846.0Prepaid expense and other current assets 455.4  320.8Total current assets 2,299.8  2,106.4Property, plant and equipment, net 2,132.2  2,082.0Goodwill 3,888.5  3,853.4Other intangibles, net 1,494.3  1,586.3Deferred tax assets 1,994.7  2,077.5Other assets 672.8  689.2Total assets$12,482.3 $12,394.8    LIABILITIES AND STOCKHOLDERS’ EQUITYCurrent liabilities:   Short-term debt$598.9 $47.8Accounts Payable 233.3  300.4Employee compensation and benefits 165.9  210.6Deferred revenue 127.9  127.9Accrued litigation liability 324.8  0.7Other current liabilities 353.9  425.4Total current liabilities 1,804.7  1,112.8Long-term debt 1,861.3  2,457.5Deferred tax liabilities 96.4  93.3Long-term tax payable 5.6  7.5Deferred revenue 208.8  201.8Other liabilities 266.4  282.8Total liabilities 4,243.2  4,155.7Stockholders’ equity 8,239.1  8,239.1Total liabilities and stockholders' equity$12,482.3 $12,394.8 THE COOPER COMPANIES, INC. AND SUBSIDIARIESConsolidated Condensed Statements of Income (Loss)
(In millions, except per share amounts)
(Unaudited)     Three Months Ended April 30, Six Months Ended April 30,  2026  2025
  2026  2025
Net sales$1,081.5  $1,002.3 $2,105.6  $1,967.0Cost of sales 346.1   323.2  675.0   627.7Gross profit 735.4   679.1  1,430.6   1,339.3Selling, general and administrative expense 676.2   399.0  1,066.4   786.9Research and development expense 42.5   45.5  86.8   86.2Amortization of intangibles 47.7   49.8  95.6   99.4Operating income (loss) (31.0)  184.8  181.8   366.8Interest expense 20.9   24.2  43.3   50.2Other (income) expense, net (3.5)  16.1  (5.3)  18.8Income (loss) before income taxes (48.4)  144.5  143.8   297.8Provision for income taxes 29.5   56.8  90.9   105.8Net income (loss)$(77.9) $87.7 $52.9  $192.0        Earnings (loss) per share - diluted$(0.40) $0.44 $0.27  $0.96        Number of shares used to compute diluted earnings (loss) per share 195.0   200.7  196.1   200.9               EPS, amounts and percentages may not sum or recalculate due to rounding.

THE COOPER COMPANIES, INC. AND SUBSIDIARIESGAAP to Non-GAAP Reconciliation
Constant Currency Revenue Growth and Organic Revenue Growth   Net Sales    % change y/y  (In millions) Reported
 Currency Impact
 Constant Currency
 Acquisitions and Divestitures
 Organic
 2Q26     CooperVision$723.5 8% (4)% 4% —% 4%CooperSurgical 358.0 8% (2)% 6% —% 6%Total$1,081.5 8% (3)% 5% —% 5%

Have you evaluated the performance of The Cooper Companies' (COO - Free Report) international operations for the quarter ending April 2026? Given the extensive global presence of this surgical and contact lens products maker, analyzing the patterns in international revenues is crucial for understanding its financial strength and potential for growth.

The global economy today is deeply interlinked, making a company's engagement with international markets a critical factor in determining its financial success and growth path. It has become essential for investors to comprehend how much a company relies on these foreign markets, as this understanding reveals the firm's potential for consistent earnings, its capacity to harness different economic cycles, and its overall growth prospects.

Being present in foreign markets serves as protection against local economic declines and helps benefit from more rapidly expanding economies. Yet, such expansion also introduces challenges related to currency fluctuations, geopolitical uncertainties and varied market behaviors.

While analyzing COO's performance for the last quarter, we found some intriguing trends in revenues from its overseas segments that Wall Street analysts commonly model and monitor.

The company's total revenue for the quarter stood at $1.08 billion, increasing 7.9% year over year. Now, let's delve into COO's international revenue breakdown to gain insights into the significance of its operations beyond home turf.

A Look into COO's International Revenue StreamsOf the total revenue, $289.7 million came from EMEA during the last fiscal quarter, accounting for 26.8%. This represented a surprise of +5.18% as analysts had expected the region to contribute $275.45 million to the total revenue. In comparison, the region contributed $282.3 million, or 27.6%, and $248.6 million, or 24.8%, to total revenue in the previous and year-ago quarters, respectively.

Asia Pacific generated $130.6 million in revenues for the company in the last quarter, constituting 12.1% of the total. This represented a surprise of -0.17% compared to the $130.83 million projected by Wall Street analysts. Comparatively, in the previous quarter, Asia Pacific accounted for $123.8 million (12.1%), and in the year-ago quarter, it contributed $138.6 million (13.8%) to the total revenue.

International Revenue PredictionsThe current fiscal quarter's total revenue for The Cooper Companies, as projected by Wall Street analysts, is expected to reach $1.12 billion, reflecting an increase of 5.6% from the same quarter last year. The breakdown of this revenue by foreign region is as follows: EMEA is anticipated to contribute 27.3% or $305.46 million, and Asia Pacific 12.8% or $143.73 million.

For the entire year, the company's total revenue is forecasted to be $4.31 billion, which is an improvement of 5.4% from the previous year. The revenue contributions from different regions are expected as follows: EMEA will contribute 26.6% ($1.15 billion), and Asia Pacific 12.8% ($552.45 million) to the total revenue.

Key TakeawaysThe dependency of The Cooper Companies on global markets for its revenues presents a mix of potential gains and hazards. Thus, monitoring the trends in its overseas revenues can be a key indicator for predicting the firm's future performance.

In a world where international interdependencies and geopolitical conflicts are ever-increasing, Wall Street analysts closely monitor these trends for companies having international presence to adjust their earnings forecasts. Of course, there are several other factors, including a company's standing within its home borders, that influence analysts' earnings forecasts.

We at Zacks strongly focus on the dynamic earnings forecast of companies, given that empirical studies have demonstrated its potent impact on the immediate price movement of stocks. Invariably, there's a positive relationship -- upward earnings predictions often result in an increase in stock prices.

The Zacks Rank, our proprietary stock rating mechanism, demonstrates a notable performance history confirmed through external audits. It effectively utilizes the power of earnings estimate revisions to act as a predictor of a stock's price performance in the near term.

The Cooper Companies, bearing a Zacks Rank #3 (Hold), is expected to mirror the broader market's movements in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

Assessing The Cooper Companies' Stock Price Movement in Recent TimesOver the preceding four weeks, the stock's value has appreciated by 12.2%, against an upturn of 1.9% in the Zacks S&P 500 composite. In parallel, the Zacks Medical sector, which counts The Cooper Companies among its entities, has appreciated by 3.1%. Over the past three months, the company's shares have seen a decline of 3.7% versus the S&P 500's 8.5% increase. The sector overall has witnessed a decline of 3.3% over the same period.

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.

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What are the Zacks Style Scores? The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.

Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.

The Style Scores are broken down into four categories:

Value ScoreFor value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.

Growth ScoreGrowth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.

Momentum ScoreMomentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.

VGM ScoreIf you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.

How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.

#1 (Strong Buy) stocks have produced an unmatched +23.7% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.

But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.

That's where the Style Scores come in.

To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.

As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.

For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.

Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.

Stock to Watch: The Cooper Companies (COO - Free Report) The Cooper Companies is a global medical device company operating through two main segments: CooperVision (CVI) and CooperSurgical (CSI). CVI focuses on contact lenses, with a strong presence in daily silicone hydrogel lenses, torics, multifocals, and myopia management. Its flagship MyDay franchise, including MyDay Energys and toric/multifocal expansions, continues to capture premium share, while MiSight addresses the growing myopia epidemic. CSI provides products and services in fertility and women’s health, offering in-vitro fertilization (IVF) solutions, contraceptives such as Paragard, and office/surgical devices.

COO is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.

Additionally, the company could be a top pick for growth investors. COO has a Growth Style Score of B, forecasting year-over-year earnings growth of 12.4% for the current fiscal year.

Four analysts revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $0.01 to $4.63 per share. COO also boasts an average earnings surprise of +5.8%.

With a solid Zacks Rank and top-tier Growth and VGM Style Scores, COO should be on investors' short list.

Posted by Defense World Staff on Apr 17th, 2026

Childress Capital Advisors LLC bought a new stake in Landstar System, Inc. (NASDAQ:LSTR – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,435 shares of the transportation company’s stock, valued at approximately $494,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Quarry LP acquired a new position in shares of Landstar System during the 3rd quarter worth about $25,000. Geneos Wealth Management Inc. raised its position in shares of Landstar System by 132.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 249 shares of the transportation company’s stock worth $37,000 after acquiring an additional 142 shares in the last quarter. UMB Bank n.a. lifted its stake in Landstar System by 335.8% during the third quarter. UMB Bank n.a. now owns 292 shares of the transportation company’s stock worth $36,000 after purchasing an additional 225 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Landstar System by 126.6% during the second quarter. EverSource Wealth Advisors LLC now owns 315 shares of the transportation company’s stock worth $44,000 after purchasing an additional 176 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in Landstar System by 1,490.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 318 shares of the transportation company’s stock valued at $39,000 after purchasing an additional 298 shares in the last quarter. 97.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In Several equities analysts have commented on the stock. Barclays increased their price target on shares of Landstar System from $130.00 to $155.00 and gave the company an “equal weight” rating in a research note on Thursday, January 15th. Truist Financial lowered their target price on shares of Landstar System from $150.00 to $145.00 and set a “hold” rating for the company in a report on Thursday, January 29th. Stifel Nicolaus increased their target price on shares of Landstar System from $145.00 to $147.00 and gave the company a “hold” rating in a research report on Thursday, April 2nd. Wells Fargo & Company upgraded shares of Landstar System from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $145.00 to $170.00 in a research note on Tuesday, January 6th. Finally, Wall Street Zen raised shares of Landstar System from a “sell” rating to a “hold” rating in a research report on Saturday, December 27th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $153.27.

Read Our Latest Analysis on LSTR

Landstar System Stock Up 3.0% Shares of NASDAQ LSTR opened at $171.45 on Friday. The stock has a market cap of $5.82 billion, a PE ratio of 51.80 and a beta of 0.80. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.06. Landstar System, Inc. has a 52-week low of $119.32 and a 52-week high of $174.75. The business has a 50-day moving average price of $156.31 and a 200 day moving average price of $144.33.

Landstar System Dividend Announcement The company also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Investors of record on Wednesday, February 18th were given a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, February 18th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.9%. Landstar System’s dividend payout ratio is 48.34%.

Landstar System Company Profile (Free Report)

Landstar System, Inc provides integrated transportation management solutions through a network of independent agents and third-party capacity providers. The company specializes in truckload brokerage, intermodal, air and ocean freight, expedited and heavy-haul services, along with value-added offerings such as cargo insurance, customs brokerage and supply chain management. Landstar’s proprietary technology platform enables real-time load matching, shipment tracking and data analytics to optimize fleet utilization and improve customer service.

Founded in 1968 and headquartered in Jacksonville, Florida, Landstar pioneered an asset-light brokerage model that has evolved into a global logistics operation.

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Posted by Defense World Staff on Apr 25th, 2026

Landstar System, Inc. (NASDAQ:LSTR – Get Free Report) has received an average rating of “Hold” from the fourteen research firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $155.5455.

Several equities analysts have recently issued reports on the company. Barclays boosted their price objective on Landstar System from $130.00 to $155.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 15th. Evercore boosted their price objective on Landstar System from $125.00 to $151.00 and gave the stock an “in-line” rating in a research report on Monday, January 12th. TD Cowen reiterated a “hold” rating on shares of Landstar System in a research report on Friday, January 9th. JPMorgan Chase & Co. boosted their price objective on Landstar System from $134.00 to $162.00 and gave the stock a “neutral” rating in a research report on Monday, January 12th. Finally, Truist Financial reduced their price objective on Landstar System from $150.00 to $145.00 and set a “hold” rating for the company in a research report on Thursday, January 29th.

Check Out Our Latest Research Report on LSTR

Hedge Funds Weigh In On Landstar System Several hedge funds and other institutional investors have recently made changes to their positions in the business. Peterson Wealth Services raised its holdings in Landstar System by 1,108.4% during the third quarter. Peterson Wealth Services now owns 10,960 shares of the transportation company’s stock worth $1,343,000 after purchasing an additional 10,053 shares in the last quarter. Alps Advisors Inc. raised its holdings in Landstar System by 69.8% during the third quarter. Alps Advisors Inc. now owns 94,863 shares of the transportation company’s stock worth $11,626,000 after purchasing an additional 38,992 shares in the last quarter. Ballast Asset Management LP raised its holdings in Landstar System by 28.2% during the third quarter. Ballast Asset Management LP now owns 34,579 shares of the transportation company’s stock worth $4,238,000 after purchasing an additional 7,614 shares in the last quarter. Retirement Systems of Alabama raised its holdings in Landstar System by 48.2% during the third quarter. Retirement Systems of Alabama now owns 63,299 shares of the transportation company’s stock worth $7,758,000 after purchasing an additional 20,586 shares in the last quarter. Finally, Fenimore Asset Management Inc raised its holdings in Landstar System by 231.3% during the third quarter. Fenimore Asset Management Inc now owns 341,130 shares of the transportation company’s stock worth $41,809,000 after purchasing an additional 238,173 shares in the last quarter. 97.95% of the stock is currently owned by institutional investors and hedge funds.

Landstar System Stock Down 0.5% NASDAQ:LSTR opened at $179.02 on Friday. The firm has a market capitalization of $6.08 billion, a PE ratio of 54.08 and a beta of 0.80. The stock has a 50 day moving average of $159.06 and a 200-day moving average of $146.64. Landstar System has a 52 week low of $119.32 and a 52 week high of $181.84. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.06.

Landstar System Company Profile (Get Free Report)

Landstar System, Inc provides integrated transportation management solutions through a network of independent agents and third-party capacity providers. The company specializes in truckload brokerage, intermodal, air and ocean freight, expedited and heavy-haul services, along with value-added offerings such as cargo insurance, customs brokerage and supply chain management. Landstar’s proprietary technology platform enables real-time load matching, shipment tracking and data analytics to optimize fleet utilization and improve customer service.

Founded in 1968 and headquartered in Jacksonville, Florida, Landstar pioneered an asset-light brokerage model that has evolved into a global logistics operation.

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Landstar System (LSTR - Free Report) came out with quarterly earnings of $1.16 per share, beating the Zacks Consensus Estimate of $1.11 per share. This compares to earnings of $0.85 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +4.20%. A quarter ago, it was expected that this freight shipper and warehouser would post earnings of $1.19 per share when it actually produced earnings of $1.24, delivering a surprise of +4.2%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

Landstar, which belongs to the Zacks Transportation - Truck industry, posted revenues of $1.17 billion for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 0.98%. This compares to year-ago revenues of $1.15 billion. The company has topped consensus revenue estimates three times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Landstar shares have added about 25.4% since the beginning of the year versus the S&P 500's gain of 4.8%.

What's Next for Landstar?While Landstar has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Landstar was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.37 on $1.27 billion in revenues for the coming quarter and $5.44 on $5.02 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Transportation - Truck is currently in the bottom 26% of the 250 plus Zacks industries. 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.

One other stock from the same industry, XPO (XPO - Free Report) , is yet to report results for the quarter ended March 2026. The results are expected to be released on April 30.

This freight management company is expected to post quarterly earnings of $0.89 per share in its upcoming report, which represents a year-over-year change of +21.9%. The consensus EPS estimate for the quarter has been revised 1.6% higher over the last 30 days to the current level.

XPO's revenues are expected to be $2.06 billion, up 5.4% from the year-ago quarter.

Landstar System, Inc. (LSTR) Q1 2026 Earnings Call Transcript

Key Takeaways Landstar reported Q1 earnings of $1.16 per share, beating estimates and rising 36.5% year over year.LSTR's truck transportation revenue rose 3.1%, supported by higher BCO utilization and rate strength.Operating income jumped 35.1% as variable contribution improved for the first time since Q3 2022. Landstar System, Inc. (LSTR - Free Report) reported solid first-quarter 2026 results, wherein its earnings and revenues surpassed the Zacks Consensus Estimate and improved year over year.

Quarterly earnings of $1.16 per share surpassed the Zacks Consensus Estimate of $1.11 and grew 36.5% year over year (despite being unfavorably impacted by almost 10 cents related to the previously disclosed supply chain fraud matter). Revenues of $1.17 billion beat the Zacks Consensus Estimate of $1.15 billion and surged 1.6% year over year.

Operating income surged 35.1% from the prior-year quarter’s figure to $53.23 million. Total costs and expenses (on a reported basis) rose 0.4% year over year to $1.12 billion.

Landstar president and chief executive officer, Frank Lonegro, stated, “The Landstar team of independent business owners and employees executed well in a dynamic transportation backdrop, with our network generating higher truck transportation revenues and increased BCO utilization year-over-year. I was particularly pleased with our variable contribution performance, which reflected Landstar’s first year-over-year increase in variable contribution since the third quarter of 2022. We were encouraged by our improved first quarter results, attributable to a strengthening rate environment and the Company’s unwavering commitment to safety, security and service.”

LSTR’s Q1 Segmental DetailsTotal revenues in the truck transportation segment — contributing to 92.4% of the top line — amounted to $1.08 billion, up 3.1% from the year-ago quarter’s figure. The reported figure was in line with our expectations of $1.06 billion.

Rail intermodal revenues of $19.31 million rose 10.4% from the figure recorded in first-quarter 2025. The reported figure was below our expectations of $21.6 million.

Revenues in the ocean and air-cargo carrier segments fell 26.9% year over year to $47.96 million. The reported figure was below our expectations of $71.7 million.

Other revenues increased 10.5% year over year to $21.72 million. The reported figure was above our expectations of $16.8 million.

Liquidity, Dividends & BuybackAt the end of first-quarter 2026, Landstar had cash and cash equivalents of $353.25 million compared with $396.69 million recorded at the prior-quarter end. Additionally, long-term debt (excluding current maturities) totaled $43.14 million at the end of the first quarter compared with $48.48 million at the prior-quarter end.

During the first quarter of 2026, Landstar purchased 150,923 shares for $22.6 million. Landstar is currently authorized to purchase up to an additional 1,115,195 shares under its longstanding share purchase program. Landstar’s board of directorsalsoannounced a quarterly cash dividend of 40 cents per share payable on June 9, 2026, to stockholders of record as of the close of business on May 19, 2026.

Currently, Landstar carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Q1 Performances of Other Transportation CompaniesDelta Air Lines (DAL - Free Report) reported first-quarter 2026 earnings (excluding $1.08 from non-recurring items) of 64 cents per share, which beat the Zacks Consensus Estimate of 61 cents. Earnings increased 39.1% on a year-over-year basis due to high labor costs. Adjusted revenues in the March-end quarter were $14.2 billion, beating the Zacks Consensus Estimate of $14 billion and increasing on a year-over-year basis. 

United Airlines Holdings, Inc. (UAL - Free Report) reported solid first-quarter 2026 results wherein the company’s earnings and revenues beat the Zacks Consensus Estimate as well as improved on a year-over-year basis.

UAL's first-quarter 2026 adjusted earnings per share (EPS) (excluding 95 cents from non-recurring items) of $1.19 surpassed the Zacks Consensus Estimate of $1.08 and increased 30.8% on a year-over-year basis. The reported figure lies within the guided range of $1.00-$1.50.

Operating revenues of $14.6 billion outpaced the Zacks Consensus Estimate of $14.3 billion and increased 10.5% year over year. Passenger revenues (which accounted for 90.1% of the top line) increased 11% year over year to $13.1 billion. UAL flights transported 42,486 passengers in the first quarter, up 4.1% year over year.

Cargo revenues fell 1.6% year over year to $422 million. Revenues from other sources rose 10.5% year over year to $1.02 billion.

J.B. Hunt Transport Services (JBHT - Free Report)  posted first-quarter 2026 earnings per share of $1.49, up 27% from $1.17 a year ago. The result topped the Zacks Consensus Estimate by $0.04, a 2.8% surprise.

Operating revenues totaled $3.06 billion, rising 4.6% year over year. Revenues beat the consensus mark of $2.94 billion, resulting in a 3.9% surprise, as demand proved resilient across several service offerings, led by Intermodal volume growth and higher revenue per load in select highway-related businesses.

Landstar System has rebounded nearly 30% over the past year, reflecting truckload market recovery and capacity contraction. LSTR's asset-light, diversified model and robust liquidity buffer support resilience amid ongoing macroeconomic volatility and thin margins. Valuation appears full: DDM-derived target price is $178.22, while P/B and P/S suggest lower fair values; technicals indicate overbought conditions.

JACKSONVILLE, Fla., May 19, 2026 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ: LSTR), a technology-enabled, asset-light provider of integrated transportation management solutions delivering safe, specialized transportation services, today reflected on the U.S. Supreme Court’s recent decision in Montgomery v. Caribe Transport II, LLC, which addresses the scope of the Federal Aviation Administration Authorization Act’s (FAAAA) safety exception to the preemption of state law negligent selection claims.

As a leading freight transportation solutions provider, Landstar has long valued safe and reliable freight transportation. In both its role as a motor carrier providing transportation through a network of approximately 8,500 trucks provided by independently owned Business Capacity Owners (BCOs) operating under Landstar’s motor carrier authority and as a freight broker utilizing a network of approximately 65,000 independent, non-exclusive third-party carriers operating under their own federally issued operating authorities, the Company seeks to offer safe, reliable transportation. Across our business model, Landstar applies disciplined, multi-layered approaches to qualifying BCOs and approving third-party carriers aided in part by technology-enabled vetting tools. With respect to our freight brokerage business, Landstar’s process to approve third-party carriers includes review of federal licensing and safety-related data, adherence to operational and compliance-related standards, and investments in and use of technology-enabled compliance tools. We believe these practices align with federal safety expectations, including guidance from the Federal Motor Carrier Safety Administration (FMCSA) and the U.S. Department of Transportation (DOT), and reflect Landstar’s belief that all parties involved in freight transportation have an important role to play with respect to highway safety.

“Safety is fundamental to how Landstar operates,” said Frank Lonegro, President and Chief Executive Officer. “For years, we have applied disciplined processes to evaluate, qualify and arrange transportation solutions because it is the right thing to do for our customers, our independent agents, and the motoring public. This decision reinforces the importance of how we operate and is consistent with the standards that make Landstar the leading platform for independent agents, BCOs, and third-party carriers.”

Industry observers have noted that the decision may increase focus on carrier selection practices and elevate expectations around insurance, compliance, and operational discipline across the brokerage sector. We believe Landstar’s established approach, including its insurance framework and focus on qualified third-party carriers, positions the Company well to operate in this environment. Over time, Landstar has also reduced the size of its approved carrier network as advances in internal systems, third-party technology, and industry tools have enabled more rigorous and data-driven carrier evaluation.

Landstar also believes there is an opportunity for greater clarity at the federal level regarding standards for carrier selection and qualification. The Company encourages Congress, the U.S. Department of Transportation, and the FMCSA to further define expectations in this area and to evaluate current minimum financial responsibility requirements, which have not been meaningfully updated in decades.

Landstar will continue to apply and evolve its established carrier qualification and approval programs, including ongoing investment in vetting technology, use of safety and compliance data, and monitoring through internal systems and third-party tools, as part of its commitment to safety, security, and service across its network of independent agents, BCOs, third-party carriers, and employees.

About Landstar:
Landstar System, Inc., is a technology-enabled, asset-light provider of integrated transportation management solutions delivering safe, specialized transportation services to a broad range of customers utilizing a network of agents, third-party capacity providers, and employees. Landstar transportation services companies are certified to ISO 9001:2015 quality management system standards and RC14001:2015 environmental, health, safety, and security management system standards. Landstar System, Inc. is headquartered in Jacksonville, Florida. Its common stock trades on The NASDAQ Stock Market® under the symbol LSTR.

Forward Looking Statements Disclaimer:
The following is a “safe harbor” statement under the Private Securities Litigation Reform Act of 1995. Statements contained in this press release that are not based on historical facts are “forward-looking statements.” This press release contains forward-looking statements, such as statements which relate to Landstar’s business objectives, plans, strategies and expectations. Terms such as “anticipates,” “believes,” “estimates,” “intention,” “expects,” “plans,” “predicts,” “may,” “should,” “could,” “would,” “will,” the negative thereof and similar expressions are intended to identify forward-looking statements. Such statements are by nature subject to uncertainties and risks, including but not limited to: decreased demand for transportation services; U.S. trade relationships and potential or imposed tariffs; an increase in the frequency or severity of accidents or other claims; unfavorable development of existing accident claims; dependence on third party insurance companies; dependence on independent commission sales agents; dependence on third party capacity providers; the impact of the Russian conflict with Ukraine on the operations of certain independent commission sales agents, including the Company’s second largest such agent by revenue in the 2025 fiscal year; substantial industry competition; disruptions or failures in the Company’s computer systems; cyber and other information security incidents; dependence on key vendors; potential changes in taxes; status of independent contractors; regulatory and legislative changes; regulations focused on diesel emissions and other air quality matters; regulations requiring the purchase and use of zero-emission vehicles; intellectual property; acquisitions and investments; and other operational, financial or legal risks or uncertainties detailed in Landstar’s Form 10-K for the 2025 fiscal year, described in Part I, Item 1A Risk Factors, and in other SEC filings from time to time. These risks and uncertainties could cause actual results or events to differ materially from historical results or those anticipated. Investors should not place undue reliance on such forward-looking statements, and the Company undertakes no obligation to publicly update or revise any forward-looking statements.

It has been about a month since the last earnings report for Landstar System (LSTR - Free Report) . Shares have added about 8.9% in that time frame, outperforming the S&P 500.

Will the recent positive trend continue leading up to its next earnings release, or is Landstar due for a pullback? Well, first let's take a quick look at its most recent earnings report in order to get a better handle on the recent catalysts for Landstar System, Inc. before we dive into how investors and analysts have reacted as of late.

Landstar Q1 Earnings Beat EstimatesLandstar reported solid first-quarter 2026 results, wherein its earnings and revenues surpassed the Zacks Consensus Estimate and improved year over year.

Quarterly earnings of $1.16 per share surpassed the Zacks Consensus Estimate of $1.11 and grew 36.5% year over year (despite being unfavorably impacted by almost 10 cents related to the previously disclosed supply chain fraud matter). Revenues of $1.17 billion beat the Zacks Consensus Estimate of $1.15 billion and surged 1.6% year over year.

Operating income surged 35.1% from the prior-year quarter’s figure to $53.23 million. Total costs and expenses (on a reported basis) rose 0.4% year over year to $1.12 billion.

LSTR’s Q1 Segmental DetailsTotal revenues in the truck transportation segment — contributing to 92.4% of the top line — amounted to $1.08 billion, up 3.1% from the year-ago quarter’s figure. The reported figure was in line with our expectations of $1.06 billion.

Rail intermodal revenues of $19.31 million rose 10.4% from the figure recorded in first-quarter 2025. The reported figure was below our expectations of $21.6 million.

Revenues in the ocean and air-cargo carrier segments fell 26.9% year over year to $47.96 million. The reported figure was below our expectations of $71.7 million.

Other revenues increased 10.5% year over year to $21.72 million. The reported figure was above our expectations of $16.8 million.

Liquidity, Dividends & BuybackAt the end of first-quarter 2026, Landstar had cash and cash equivalents of $353.25 million compared with $396.69 million recorded at the prior-quarter end. Additionally, long-term debt (excluding current maturities) totaled $43.14 million at the end of the first quarter compared with $48.48 million at the prior-quarter end.

During the first quarter of 2026, Landstar purchased 150,923 shares for $22.6 million. Landstar is currently authorized to purchase up to an additional 1,115,195 shares under its longstanding share purchase program. Landstar’s board of directorsalsoannounced a quarterly cash dividend of 40 cents per share payable on June 9, 2026, to stockholders of record as of the close of business on May 19, 2026.

How Have Estimates Been Moving Since Then?Since the earnings release, investors have witnessed a upward trend in estimates review.

VGM ScoresAt this time, Landstar has a great Growth Score of A, though it is lagging a lot on the Momentum Score front with a C. Charting a somewhat similar path, the stock was allocated a grade of D on the value side, putting it in the bottom 40% for value investors.

Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.

OutlookEstimates have been trending upward for the stock, and the magnitude of these revisions looks promising. Notably, Landstar has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.

Performance of an Industry PlayerLandstar belongs to the Zacks Transportation - Truck industry. Another stock from the same industry, JB Hunt (JBHT - Free Report) , has gained 10% over the past month. More than a month has passed since the company reported results for the quarter ended March 2026.

JB Hunt reported revenues of $3.06 billion in the last reported quarter, representing a year-over-year change of +4.6%. EPS of $1.49 for the same period compares with $1.17 a year ago.

For the current quarter, JB Hunt is expected to post earnings of $1.69 per share, indicating a change of +29% from the year-ago quarter. The Zacks Consensus Estimate has changed +0.4% over the last 30 days.

JB Hunt has a Zacks Rank #3 (Hold) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of C.

Vancouver, British Columbia--(Newsfile Corp. - June 9, 2026) - Lodestar Metals Corp. (TSXV: LSTR) (OTCQB: SVTNF) (FSE: PR90) ("Lodestar" or the "Company") is pleased to announce that its common shares have been approved for trading on the OTCQB Market, and that it has completed its maiden drill program at the Gold Run Project, with assay results currently being analyzed. Drill Program Update Lodestar has now successfully completed its maiden drill program at Gold Run, comprising 18 RC holes for a total of 2,820 metres.

RE/MAX (NYSE: RMAX - Get Free Report) and WillScot (NASDAQ: WSC - Get Free Report) are both finance companies, but which is the superior stock? We will compare the two businesses based on the strength of their institutional ownership, dividends, profitability, analyst recommendations, valuation, earnings and risk. Earnings and Valuation This table compares RE/MAX and WillScot"s gross

On April 20, 2026, WillScot Holdings Corp WSC shares rose 5.3% to a current price of $21.30. This price movement comes amid a 52-week range of $14.91 to $31.88, indicating significant volatility in the stock's performance over the past year.

GF Value™ verdict: Current price is $21.30 vs GF Value™ of $38.95, representing a 45.3% upside.GF Score™: 72/100, indicating an above-average potential for long-term returns.Most notable signal: No insider transactions in the last 3 months. Is WSC Overvalued or Undervalued? The current price of WillScot Holdings Corp WSC at $21.30 is significantly below the GF Value™ estimate of $38.95, suggesting that the stock is undervalued by approximately 45.3%. This margin of safety implies that there may be opportunities for price appreciation if the market recognizes the company's potential. However, it's worth noting that the GF Valuation label indicates a possible value trap, suggesting that investors should assess the underlying business fundamentals carefully before making any decisions. GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates.

While the undervaluation may present an attractive opportunity, potential risks include the company's financial strength, which is rated 3 out of 10. Investors should consider these factors in the context of the overall market conditions and the company’s performance trends to gauge the likelihood of a price correction towards its intrinsic value.

How Does WSC's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 20.3x 37.0x WillScot Holdings Corp's current forward P/E of 20.3x is well below its 5-year median P/E of 37.0x, indicating that the stock is trading at a discount compared to its historical valuation levels. This P/E analysis agrees with the GF Value™ verdict, reinforcing the notion that the stock may be undervalued and presents a potential opportunity for investors.

What Does WSC's GF Score™ Tell Us? Metric Rating GF Score™ 72/100 Financial Strength 3/10 Profitability 7/10 Growth 5/10 Valuation 4/10 Momentum 5/10 The GF Score™ of 72/100 indicates that WillScot Holdings Corp has a relatively strong potential for long-term returns, primarily driven by its profitability rank of 7/10. However, the financial strength ranked at 3/10 signals concerns regarding the company's stability and ability to weather financial downturns. The mixed performance across the other metrics suggests areas for improvement, especially in financial strength and valuation, which may influence investor sentiment and future performance.

What Are Insiders Doing with WSC Stock? There have been no insider transactions in the last three months for WillScot Holdings Corp, indicating a lack of insider activity. This absence of buying or selling by insiders may suggest that current management is confident in the company's strategy and outlook or that they may be awaiting further developments before making any personal investment decisions. This neutral stance could also imply a wait-and-see approach regarding the stock's performance.

What This Means for Investors Based on the GF Value™ of $38.95 and the current market price of $21.30, WillScot Holdings Corp appears to be undervalued, presenting a potential opportunity for investors. However, potential risks related to financial strength and market conditions should be considered before any investment decisions.

For the complete analysis, visit the WillScot Holdings Corp WSC stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.

Frequently Asked Questions What is WSC's GF Score™?

WSC's GF Score™ is 72/100, indicating above-average potential for long-term returns based on its financial metrics.

Is WSC overvalued or undervalued?

WSC is currently undervalued, with a GF Value™ of $38.95 compared to its current price of $21.30.

What is WSC's P/E ratio?

WSC's current forward P/E is 20.3x, which is significantly lower than its 5-year median P/E of 37.0x, suggesting a discount compared to historical valuation levels.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

April 23, 2026 08:00 ET  | Source: WillScot

SCOTTSDALE, Ariz., April 23, 2026 (GLOBE NEWSWIRE) -- WillScot Holdings Corporation (“WillScot” or the “Company”) (Nasdaq: WSC), a leader in innovative temporary flexible space solutions, today announced that it will release its first quarter 2026 financial results on May 7, 2026, after market close.

The Company’s management team will host a conference call and webcast on May 7, 2026, at 5:30 p.m. EDT to discuss the Company’s results.

To access the live call by phone, use the following link by clicking here to obtain registration details.

You will be provided with dial-in details after registering. To avoid delays, we recommend that participants dial into the conference call 15 minutes ahead of the scheduled start time. A live webcast will also be accessible via the “Events & Presentations” section of the Company’s website www.investors.willscot.com. An archived version of the webcast will be available for 12 months following the call.

About WillScot

WillScot (Nasdaq: WSC) is a leading provider of innovative turnkey space solutions in North America, helping customers keep projects moving and operations running. The company partners with critical industries including construction, manufacturing, healthcare, government, energy and education to deliver the right solutions coupled with a high level of customer service. WillScot’s comprehensive portfolio of products – including modular complexes, dry and cold storage containers, blast-resistant buildings, clearspan industrial structures, fencing, and add-on furnishings and equipment – is customizable and flexible to support any project need. Headquartered in Scottsdale, Ariz., WillScot operates from a network of approximately 250 branch locations the U.S., Canada and Mexico.

Additional information can be found on the company's website at www.willscot.com.

Contact Information

Investor inquiries:
Charlie Wohlhuter
[email protected]

Media inquiries:
Juliana Welling
[email protected]

First Busey (BUSE - Free Report) came out with quarterly earnings of $0.67 per share, beating the Zacks Consensus Estimate of $0.57 per share. This compares to earnings of $0.57 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +17.13%. A quarter ago, it was expected that this bank holding company would post earnings of $0.61 per share when it actually produced earnings of $0.68, delivering a surprise of +11.48%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

First Busey, which belongs to the Zacks Banks - Midwest industry, posted revenues of $196.23 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 0.47%. This compares to year-ago revenues of $124.95 million. The company has topped consensus revenue estimates three times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

First Busey shares have added about 11.4% since the beginning of the year versus the S&P 500's gain of 4.8%.

What's Next for First Busey?While First Busey has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for First Busey was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.62 on $201.95 million in revenues for the coming quarter and $2.52 on $811.75 million in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Midwest is currently in the top 25% of the 250 plus Zacks industries. 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.

One other stock from the broader Zacks Finance sector, WillScot (WSC - Free Report) , is yet to report results for the quarter ended March 2026. The results are expected to be released on May 7.

This maker of portable classrooms, mobile offices and storage units is expected to post quarterly earnings of $0.16 per share in its upcoming report, which represents a year-over-year change of -33.3%. The consensus EPS estimate for the quarter has been revised 1% lower over the last 30 days to the current level.

WillScot's revenues are expected to be $523.85 million, down 6.4% from the year-ago quarter.

Newmark Group (NMRK - Free Report) came out with quarterly earnings of $0.33 per share, beating the Zacks Consensus Estimate of $0.27 per share. This compares to earnings of $0.21 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +22.22%. A quarter ago, it was expected that this provider of commercial real estate services would post earnings of $0.65 per share when it actually produced earnings of $0.68, delivering a surprise of +4.62%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Newmark Group, which belongs to the Zacks Real Estate - Operations industry, posted revenues of $846.52 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 13.89%. This compares to year-ago revenues of $665.49 million. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Newmark Group shares have lost about 9.1% since the beginning of the year versus the S&P 500's gain of 4.2%.

What's Next for Newmark Group?While Newmark Group has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Newmark Group was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.39 on $859.15 million in revenues for the coming quarter and $1.88 on $3.74 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Real Estate - Operations is currently in the bottom 40% of the 250 plus Zacks industries. 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.

One other stock from the same industry, WillScot (WSC - Free Report) , is yet to report results for the quarter ended March 2026. The results are expected to be released on May 7.

This maker of portable classrooms, mobile offices and storage units is expected to post quarterly earnings of $0.16 per share in its upcoming report, which represents a year-over-year change of -33.3%. The consensus EPS estimate for the quarter has been revised 1% lower over the last 30 days to the current level.

WillScot's revenues are expected to be $523.85 million, down 6.4% from the year-ago quarter.

Exceeded Q1 2026 Outlook for Revenue and Adjusted EBITDA

Raises 2026 Full Year Outlook for Revenue, Adjusted EBITDA
and Net CAPEX on Continued Improving Commercial Demand

SCOTTSDALE, Ariz., May 07, 2026 (GLOBE NEWSWIRE) -- WillScot Holdings Corporation (“WillScot” or the “Company”) (Nasdaq: WSC), a leader in innovative temporary space solutions, today announced first quarter 2026 results, including key performance highlights and market updates, and raised its 2026 full year outlook.

Q1 20261

Generated revenue of $549 million, gross profit margin percentage of 52.1%, and net income of $28 million.Reported Adjusted Net Income of $39 million and Adjusted EBITDA of $211 million at a 38.5% margin.Reported diluted and Adjusted Diluted Earnings Per Share of $0.15 and $0.21, respectively.Leasing and services revenue of $525 million increased year-over-year, with a 2.0% decline in leasing revenue more than offset by a 12.3% increase in delivery and installation revenue driven by project activations during the quarter.Generated Net cash provided by operating activities of $191 million and Adjusted Free Cash Flow of $116 million at a 21.1% margin.Paid down $76 million of outstanding debt and returned $20 million to shareholders through our quarterly cash dividend and share repurchases.Increased previously issued full year 2026 outlook for revenue, Adjusted EBITDA, and Net CAPEX given continued improving commercial demand. Tim Boswell, President and Chief Executive Officer of WillScot, commented, "Our first quarter 2026 results were encouraging, with clear progress across our commercial and operational priorities for the year. We are seeing a steady increase in demand from larger project opportunities, most notably in the data center, power generation and utility, diversified manufacturing, and events sectors, that align well with both our value proposition and our strategic focus on enterprise accounts, new verticals, and our expanded offerings. Order and activation trends continued to strengthen through April, which combined with the growing volume of larger projects, is giving us better visibility into the second half of the year and is consistent with our longer-term strategy to drive higher quality revenue mix. Operationally, our teams are mobilizing to support increased activity levels by executing our previously announced Network Optimization Plan, rolling out our route optimization and dispatch platform in the field, continuing to optimize centralized shared services, and activating fleet to increase availability and minimize lead times across the network. Each of these initiatives supports our ability to capture immediate market opportunities while improving long-term profitability and the customer experience."

Boswell continued, "The strengthening commercial activity supports our increased 2026 outlook for Revenue, Adjusted EBITDA and capital expenditures, and we think there is a credible path to inflect leasing revenues to year-over-year growth in the second half of 2026. We remain focused on advancing initiatives that are within our control to strengthen our competitive positioning, serve our customers, and drive long-term shareholder value creation. I am incredibly grateful to our team for their focus on clean and consistent execution."

Matt Jacobsen, Chief Financial Officer of WillScot, commented, "First quarter 2026 revenues of $549 million and Adjusted EBITDA of $211 million exceeded our outlook entering the year. Large project demand drove outperformance in unit activations, which drove a year-over-year increase in variable costs, but also 12% year-over-year growth in delivery and installation revenues in the quarter. While these items naturally weigh on Adjusted EBITDA margins in the short-term, we expect that these activity levels will support units-on-rent and an increased lease revenue run-rate heading into the second half of the year."

Jacobsen concluded, "Based on first quarter results and our current order book levels, we are raising our 2026 outlook to $2.250 billion in revenue and $915 million in Adjusted EBITDA. We continue to see improving commercial demand stemming mainly from larger project activity in our modular space portfolio. In contrast, we have not seen improved demand across local markets, so while stabilizing, we remain cautious about the outlook. That said, we are raising our Net CAPEX outlook to $325 million for 2026 to support strong demand in select product lines tied to large scale projects. This increase speaks favorably to our competitive positioning and is expected to offset continued softness in other transactional product categories, supporting the second half 2026 leasing revenue inflection now implied in our current outlook."

First Quarter 2026 Results1 

 Three Months Ended
March 31,(in thousands, except share data) 2026   2025 Revenue$548,628  $559,551 Net income$28,123  $43,055 Adjusted Net Income$38,847  $48,658 Adjusted EBITDA$211,014  $228,785 Gross profit margin 52.1%  53.7%Adjusted EBITDA Margin (%) 38.5%  40.9%Net cash provided by operating activities$191,058  $206,627 Adjusted Free Cash Flow$115,556  $144,795 Diluted earnings per share$0.15  $0.23 Adjusted Diluted Earnings Per Share$0.21  $0.26 Weighted average diluted shares outstanding 181,463,605   185,301,787 Adjusted weighted average diluted shares outstanding 181,463,605   185,301,787 Net cash provided by operating activities margin 34.8%  36.9%Adjusted Free Cash Flow Margin (%) 21.1%  25.9%Return on Invested Capital 13.0%  13.7%  Three Months Ended
March 31,
(in thousands) 2026   2025 Modular space leasing revenue(a)$243,761  $245,864 Portable storage leasing revenue 72,523   77,035 VAPS and third-party leasing revenues(b) 97,135   96,339 Other leasing-related revenue(c) 12,103   15,152 Leasing revenue 425,522   434,390 Delivery and installation revenue 99,522   88,661 Total leasing and services revenue 525,044   523,051 New unit sales revenue 8,994   22,437 Rental unit sales revenue 14,590   14,063 Total revenues$548,628  $559,551  (a) Includes revenue from clearspan structures.
(b) Includes $10.2 million and $9.2 million of service revenue for the three months ended March 31, 2026 and 2025, respectively.
(c) Includes primarily damage billings, delinquent payment charges, and other processing fees associated with leasing arrangements, and is partially offset by write offs of specific uncollectible lease receivables recorded as a reduction to revenue of $13.0 million and $10.6 million, for the three months ended March 31, 2026 and 2025, respectively.

Capitalization and Liquidity Update1
As of and for the three months ended March 31, 2026, except where noted:

Net cash provided by operating activities was $191 million, resulting in $116 million of Adjusted Free Cash Flow after Net CAPEX investments.Invested $89 million of Net CAPEX, supporting both maintenance capex needs and growth in higher value products from strong ongoing large project demand.Total debt was $3,514 million and net debt was $3,499 million, representing a $76 million reduction in our total debt balance in the quarter. Our next debt maturity is in August 2028.Availability under our asset-based revolving credit facility ("ABL Facility") was approximately $1.5 billion.Weighted average pre-tax interest rate, inclusive of $1.25 billion of fixed-to-floating swaps of 1-month SOFR at 3.54%, was approximately 5.7%. Estimated annual cash interest expense based on our current debt structure and benchmark rates is approximately $202 million, or approximately $215 million inclusive of non-cash amortization of deferred financing fees. Our debt structure is approximately 90% / 10% fixed-to-floating after giving effect to the interest rate swaps.Net Debt to Adjusted EBITDA was at 3.7x based on our last 12 months Adjusted EBITDA of $953 million.Repurchased 352,900 shares of Common Stock for $7 million in the first quarter of 2026, contributing to a 1.2% reduction in our outstanding share count over the 12 months ended March 31, 2026.Paid quarterly cash dividend of $0.07 per share on March 18, 2026 to shareholders of record as of March 4, 2026. 2026 Full Year Outlook1
The Company raised its full year 2026 outlook provided in February 2026. This outlook uses approximate figures and is subject to risks and uncertainties, including those described in "Forward-Looking Statements" below.

$M2026 OutlookRevenue$2,250Adjusted EBITDA$915Net CAPEX$325 ____________________
1 - Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Net Income, Adjusted Diluted Earnings Per Share, Adjusted Weighted Average Diluted Shares Outstanding, Adjusted Free Cash Flow, Adjusted Free Cash Flow Margin, Net Debt, Net Debt to Adjusted EBITDA ratio, Net CAPEX and Return on Invested Capital are financial measures that are not required by, or calculated in accordance with, generally accepted accounting principles in the US ("GAAP"). Further information and reconciliations for these non-GAAP financial measures to the most directly comparable financial measure calculated in accordance with GAAP are included at the end of this press release. Information reconciling forward-looking Adjusted EBITDA and Net CAPEX to the most directly comparable GAAP financial measures is unavailable to the Company without unreasonable effort and, therefore, neither the most directly comparable GAAP financial measures nor reconciliations to the most directly comparable GAAP measures are provided.

Non-GAAP Financial Measures
This press release includes non-GAAP financial measures, including Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Net Income, Adjusted Diluted Earnings Per Share, Adjusted Weighted Average Diluted Shares Outstanding, Adjusted Free Cash Flow, Adjusted Free Cash Flow Margin, Return on Invested Capital, Net CAPEX, and Net Debt to Adjusted EBITDA ratio. These non-GAAP financial measures should not be considered in isolation from, or as an alternative to, financial measures calculated in accordance with GAAP. Other companies may calculate these non-GAAP financial measures differently, and, therefore, the Company's non-GAAP financial measures may not be directly comparable to similarly-titled measures of other companies. For reconciliations of the non-GAAP financial measures used in this press release (except as explained below), see “Reconciliation of Non-GAAP Financial Measures" included in this press release.

Information regarding the most directly comparable GAAP financial measures and reconciling forward-looking Adjusted EBITDA and Net CAPEX to those GAAP financial measures is unavailable to the Company without unreasonable effort. We cannot provide the most comparable GAAP financial measures nor reconciliations of forward-looking Adjusted EBITDA and Net CAPEX to the most directly comparable GAAP financial measures because certain items required for such reconciliations are outside of our control and/or cannot be reasonably predicted, such as the provision for income taxes. Preparation of such reconciliations would require a forward-looking balance sheet, statement of income, and statement of cash flow, prepared in accordance with GAAP, and such forward-looking financial statements are unavailable to the Company without unreasonable effort. Although we provide outlooks for Adjusted EBITDA and Net CAPEX that we believe will be achieved, we cannot accurately predict all the components of the Adjusted EBITDA and Net CAPEX calculations. The Company provides Adjusted EBITDA and Net CAPEX guidance because we believe that Adjusted EBITDA and Net CAPEX, when viewed with our results under GAAP, provides useful information for the reasons noted below.

Conference Call Information
WillScot will host a conference call and webcast to discuss its first quarter and full year 2026 results and the 2026 outlook at 5:30 p.m. Eastern Time on Thursday, May 7, 2026. To access the live call by phone, use the following link:

https://register-conf.media-server.com/register/BI593e7eb881ea45eeac2df4c310b8e1af

You will be provided with dial-in details after registering. To avoid delays, we recommend that participants dial into the conference call 15 minutes ahead of the scheduled start time. A live webcast will also be accessible via the "Events & Presentations" section of the Company's investor relations website: www.investors.willscot.com. Choose "Events" and select the information pertaining to the WillScot First Quarter 2026 Conference Call. Additionally, there will be slides accompanying the webcast. Please allow at least 15 minutes prior to the call to register, download and install any necessary software. For those unable to listen to the live broadcast, an audio webcast of the call will be available for 12 months on the Company’s investor relations website.

About WillScot
WillScot (Nasdaq: WSC) is a leading provider of innovative turnkey space solutions in North America, helping customers keep projects moving and operations running. The Company partners with critical industries including construction, manufacturing, healthcare, government, energy and education to deliver the right solutions coupled with a high level of customer service. WillScot’s comprehensive portfolio of products – including modular complexes, dry and cold storage containers, blast-resistant buildings, clearspan industrial structures, fencing, and add-on furnishings and equipment – is customizable and flexible to support any project need. Headquartered in Scottsdale, Ariz., WillScot operates from a network of approximately 250 branch locations in the U.S., Canada, and Mexico.

Forward-Looking Statements
This press release contains forward-looking statements (including the guidance/outlook contained herein) within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934, as amended. The words "estimates," "expects," "anticipates," "believes," "forecasts," "plans," "intends," "may," "will," "should," "shall," "outlook," "guidance," "see," "have confidence" and variations of these words and similar expressions identify forward-looking statements, which are generally not historical in nature. Certain of these forward-looking statements include statements relating to demand for units tied to large scale projects reducing continued softness from transactional product categories, an improved lease revenue run-rate, and an inflection in year-over-year leasing revenue growth. Forward-looking statements are subject to a number of risks, uncertainties, assumptions and other important factors, many of which are outside our control, which could cause actual results or outcomes to differ materially from those discussed in or implied by the forward-looking statements. Although the Company believes that these forward-looking statements are based on reasonable assumptions, they are predictions and we can give no assurance that any such forward-looking statement will materialize. Important factors that may affect actual results or outcomes include, among others, economic conditions and changes therein, including financial market conditions and levels of end market demand, as a result of macroeconomic and geopolitical conditions, including international armed conflicts; our ability to effectively compete in the modular space and portable storage industries; our ability to effectively manage our credit risk, collect on our accounts receivable, or recover our rental equipment from customers; our ability to implement our Network Optimization Plan; laws and regulations governing antitrust, climate related disclosures, cybersecurity and information technology, privacy, government contracts, anti-corruption, and the environment; the actions of activist shareholders; our ability to successfully acquire and integrate new operations; risks associated with cybersecurity threats and failure of our management information systems; trade policies and changes in trade policies, including the imposition of or increases in tariffs, their enforcement, trade restrictions, and broader economic measures and their consequences; fluctuations in interest rates and commodity prices; risks associated with labor relations, labor costs and labor disruptions; changes in the competitive environment of our customers as a result of the economic climate in which they operate and/or economic or financial disruptions to their industry; our ability to adequately protect our intellectual property and other proprietary rights that are material to our business; natural disasters and other business disruptions such as pandemics; our ability to establish and maintain the appropriate physical presence in our markets; property, casualty or other losses not covered by our insurance; our ability to close our unit sales transactions; our ability to achieve our sustainability goals; operational, economic, political, and regulatory risks; effective management of our rental equipment; the effect of changes in state building codes on our ability to remarket our buildings; significant increases in the costs and restrictions on the availability of raw materials and labor; fluctuations in fuel costs or a reduction in fuel supplies; our reliance on third-party manufacturers and suppliers; impairment of our goodwill, intangible assets and indefinite-life intangible assets; our ability to use our net operating loss carryforwards and other tax attributes; our ability to recognize deferred tax assets, such as those related to tax loss carryforwards, and utilize future tax savings; unanticipated changes in tax obligations, adoption of new tax legislation, or exposure to additional income tax liabilities; our ability to access the capital and credit markets or the ability of key counterparties to perform their obligations to us; our ability to service our debt and operate our business; our ability to incur significant additional amounts of debt and avoid risks associated with substantial indebtedness; covenants that limit our operating and financial flexibility; and such other risks and uncertainties described in the periodic reports we file with the US Securities and Exchange Commission ("SEC") from time to time (including our Annual Report on Form 10-K for the year ended December 31, 2025), which are available through the SEC’s EDGAR system at www.sec.gov and on our website. Any forward-looking statement speaks only at the date on which it is made, and the Company disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Additional Information and Where to Find It
Additional information can be found on the Company's website at www.willscot.com.

Contact Information     Investor Inquiries: Media Inquiries:Charlie Wohlhuter Juliana [email protected] [email protected]     WillScot Holdings Corporation
Condensed Consolidated Statements of Operations
(Unaudited)
 Three Months Ended
March 31,(in thousands, except share and per share data) 2026  2025Revenues:   Leasing and services revenue:   Leasing$425,522 $434,390Delivery and installation 99,522  88,661Sales revenue:   New units 8,994  22,437Rental units 14,590  14,063Total revenues 548,628  559,551Costs:   Costs of leasing and services:   Leasing 96,027  88,070Delivery and installation 83,243  73,796Costs of sales:   New units 6,218  15,198Rental units 8,703  8,169Depreciation of rental equipment 68,762  73,952Gross profit 285,675  300,366Other operating expenses:   Selling, general and administrative 154,008  156,771Other depreciation and amortization 23,669  23,140Restructuring costs 11,250  375Other expense, net 85  646Operating income 96,663  119,434Interest expense, net 53,607  58,469Income before income tax 43,056  60,965Income tax expense 14,933  17,910Net income$28,123 $43,055    Earnings per share:Basic$0.16 $0.23Diluted$0.15 $0.23Weighted average shares outstanding:   Basic 180,987,459  183,680,565Diluted 181,463,605  185,301,787  WillScot Holdings Corporation
Condensed Consolidated Balance Sheets(in thousands, except share amounts)March 31, 2026 (unaudited) December 31,
2025Assets   Cash and cash equivalents$15,543  $14,587 Trade receivables, net of allowances for credit losses at March 31, 2026 and December 31, 2025 of $62,389 and $61,755, respectively 397,432   394,708 Inventories 46,187   45,560 Prepaid expenses 20,737   27,709 Other current assets 48,861   41,328 Assets held for sale 1,159   1,159 Total current assets 529,919   525,051 Rental equipment, net 3,103,332   3,093,321 Property, plant and equipment, net 386,339   390,220 Operating lease assets 298,027   310,662 Goodwill 1,257,201   1,257,612 Intangible assets, net 213,432   224,088 Other non-current assets 22,406   15,213 Total long-term assets 5,280,737   5,291,116 Total assets$5,810,656  $5,816,167 Liabilities and equity   Accounts payable$142,454  $109,864 Accrued expenses 150,873   125,896 Accrued employee benefits 30,012   36,176 Deferred revenue and customer deposits 244,854   237,322 Operating lease liabilities – current 70,155   70,752 Current portion of long-term debt 31,934   31,094 Total current liabilities 670,282   611,104 Long-term debt 3,482,297   3,557,074 Deferred tax liabilities 501,582   492,332 Operating lease liabilities – non-current 231,075   241,933 Other non-current liabilities 54,896   57,470 Long-term liabilities 4,269,850   4,348,809 Total liabilities 4,940,132   4,959,913 Preferred Stock: $0.0001 par, 1,000,000 shares authorized and zero shares issued and outstanding at March 31, 2026 and December 31, 2025 —   — Common Stock: $0.0001 par, 500,000,000 shares authorized and 180,994,679 and 181,184,438 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively 19   19 Additional paid-in-capital 1,710,836   1,725,642 Accumulated other comprehensive loss (68,500)  (69,453)Accumulated deficit (771,831)  (799,954)Total shareholders' equity 870,524   856,254 Total liabilities and shareholders' equity$5,810,656  $5,816,167  Reconciliation of Non-GAAP Financial Measures

In addition to using GAAP financial measurements, we use certain non-GAAP financial measures to evaluate our operating results. Set forth below are definitions of the non-GAAP financial measures used in this press release, reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures, and the reasons why we believe these measures provide useful information to investors. Each of these non-GAAP financial measures has limitations as an analytical tool and should not be considered in isolation from, or as a substitute for analysis of, results reported under GAAP. Our measurements of these metrics may not be comparable to similarly titled measures of other companies.

Adjusted EBITDA and Adjusted EBITDA Margin
We define EBITDA as net income plus net interest (income) expense, income tax expense (benefit), depreciation and amortization. Our adjusted EBITDA ("Adjusted EBITDA") reflects the following further adjustments to EBITDA to exclude certain non-cash items and the effect of what we consider transactions or events not related to our core business operations:

Currency (gains) losses, net on monetary assets and liabilities denominated in foreign currencies other than the subsidiaries’ functional currency.Restructuring costs, lease impairment expense, and other related charges associated with restructuring plans designed to streamline operations and reduce costs including employee and lease termination costs.Goodwill and other impairment charges related to non-cash costs associated with impairment charges to goodwill, other intangibles, rental fleet and property, plant and equipment.Costs to integrate acquired companies, including outside professional fees, non-capitalized costs associated with system integrations, non-lease branch and fleet relocation expenses, employee relocation and training costs, and other costs required to realize cost or revenue synergies.Transaction costs including legal and professional fees and other transaction specific related costs.Non-cash charges for stock compensation plans.Other expense, including consulting expenses related to certain one-time projects, financing costs not classified as interest expense, gains and losses on disposals of property, plant, and equipment, unrealized gains and losses on investments, costs to implement the Company's real estate exits prior to the approval of the Network Optimization Plan, and non-equity executive transition costs. We define Adjusted EBITDA Margin as Adjusted EBITDA divided by revenue.

We evaluate business performance utilizing Adjusted EBITDA and Adjusted EBITDA Margin as shown in the reconciliations below. We believe that evaluating performance excluding such items noted above is meaningful because it provides insight with respect to the intrinsic and ongoing operating results of the Company and captures the business performance, inclusive of indirect costs. We believe that Adjusted EBITDA and Adjusted EBITDA Margin (as defined below) are useful to investors because they (i) allow investors to compare performance over various reporting periods on a consistent basis by removing from operating results the impact of items that do not reflect core operating performance; (ii) are used by our board of directors and management to assess our performance; (iii) may, subject to certain limitations, enable investors to compare the performance of the Company to its competitors; (iv) provide additional tools for investors to use in evaluating ongoing operating results and trends; and (v) align with definitions in our ABL Facility.

The following table provides reconciliations of net income to Adjusted EBITDA:

 Three Months Ended
March 31,(in thousands) 2026  2025Net income$28,123 $43,055Income tax expense 14,933  17,910Interest expense, net 53,607  58,469Depreciation and amortization 92,431  97,092Currency losses, net 171  223Restructuring costs, lease impairment expense and other related charges 11,273  702Integration and transaction costs 66  261Stock compensation expense 7,107  8,341Other(a) 3,303  2,732Adjusted EBITDA$211,014 $228,785 (a) For the three months ended March 31, 2026, other included $1.8 million in non-equity executive transition costs
.
The following table provides comparisons of Adjusted EBITDA Margin to Gross Profit Margin:

 Three Months Ended
March 31,(in thousands) 2026   2025 Adjusted EBITDA (A)$211,014  $228,785 Revenue (B)$548,628  $559,551 Adjusted EBITDA Margin (A/B) 38.5%  40.9%Gross profit (C)$285,675  $300,366 Gross Profit Margin (C/B) 52.1%  53.7%
Net Debt to Adjusted EBITDA Ratio
Net Debt to Adjusted EBITDA ratio is defined as Net Debt divided by Adjusted EBITDA from the last twelve months. We define Net Debt as total debt net of total cash and cash equivalents. Management believes that Net Debt to Adjusted EBITDA ratio provides useful information to management and investors in evaluating our borrowing capacity and allocation strategies. The following table provides a reconciliation of Net Debt to Adjusted EBITDA ratio:

(in thousands)March 31, 2026Long-term debt$3,482,297Current portion of long-term debt 31,934Total debt 3,514,231Cash and cash equivalents 15,543Net debt (A)$3,498,688  Adjusted EBITDA from the three months ended June 30, 2025$248,913Adjusted EBITDA from the three months ended September 30, 2025 243,307Adjusted EBITDA from the three months ended December 31, 2025 250,034Adjusted EBITDA from the three months ended March 31, 2026 211,014Adjusted EBITDA from the last twelve months (B)$953,268Net Debt to Adjusted EBITDA ratio (A/B) 3.7
Adjusted Net Income and Adjusted Diluted Earnings Per Share
We define Adjusted Net Income as net income, plus certain non-cash items and the effect of what we consider transactions not related to our core business operations, including:

Restructuring costs, lease impairment expense, and other related charges associated with restructuring plans designed to streamline operations and reduce costs including employee and lease termination costs.Goodwill and other impairment charges related to non-cash costs associated with impairment charges to goodwill, other intangibles, rental fleet and property, plant and equipment.Depreciation expense related real estate exits.Equity-based executive transition costs.Costs to integrate acquired companies, including outside professional fees, non-capitalized costs associated with system integrations, non-lease branch and fleet relocation expenses, employee relocation and training costs, and other costs required to realize cost or revenue synergies.Transaction costs including legal and professional fees and other transaction specific related costs.Other expense, including consulting expenses related to certain one-time projects, financing costs not classified as interest expense, gains and losses on disposals of property, plant, and equipment, unrealized gains and losses on investments, costs to implement the Company's real estate exits prior to the approval of the Network Optimization Plan, and non-equity executive transition costs. We define Adjusted Diluted Earnings Per Share as Adjusted Net Income divided by Adjusted Diluted Weighted Average Common Shares Outstanding. Management believes that Adjusted Net Income and Adjusted Diluted Earnings Per Share are important measures that allow investors to evaluate performance between periods on a more comparable basis and provide useful information to both management and investors by excluding certain items that may not be indicative of our core operating results and operational strength of our business.

The following table provides reconciliations of Net income to Adjusted Net Income, Diluted earnings per share to Adjusted Diluted Earnings Per Share and weighted average diluted shares outstanding to Adjusted Weighted Average Diluted Shares Outstanding:

 Three Months Ended
March 31,(in thousands, except share and per share amounts) 2026   2025 Net income$28,123  $43,055 Restructuring costs, lease impairment expense and other related charges, net 11,273   702 Depreciation expense related to real estate exits (171)  3,776 Equity-based executive transition costs 220   — Integration and transaction costs 66   261 Other1 3,303   2,732 Estimated tax impact2 (3,967)  (1,868)Adjusted Net Income$38,847  $48,658     Diluted earnings per share$0.15  $0.23 Restructuring costs, lease impairment expense and other related charges, net 0.06   0.01 Depreciation expense related to real estate exits —   0.02 Equity-based executive transition costs —   — Integration and transaction costs —   — Other1 0.02   0.01 Estimated tax impact2 (0.02)  (0.01)Adjusted Diluted Earnings Per Share$0.21  $0.26     Weighted average diluted shares outstanding 181,463,605   185,301,787 Adjusted Weighted Average Diluted Shares Outstanding 181,463,605   185,301,787  (1) For the three months ended March 31, 2026, other included $1.8 million in non-equity executive transition costs.
(2) We include estimated taxes at our current statutory tax rate of approximately 27.0% for the three months ended March 31, 2026, and 25% for the three months ended March 31, 2025.

Adjusted Free Cash Flow and Adjusted Free Cash Flow Margin
We define Adjusted Free Cash Flow as net cash provided by operating activities; less purchases of rental equipment and property, plant and equipment and plus proceeds from sale of rental equipment and property, plant and equipment, which are all included in cash flows from investing activities; and excluding payments for and proceeds from the implementation of the Network Optimization Plan and real estate exits prior to the approval of the Network Optimization Plan and payments for executive transition costs. Adjusted Free Cash Flow Margin is defined as Adjusted Free Cash Flow divided by Revenue. The Company believes that the presentation of Adjusted Free Cash Flow and Adjusted Free Cash Flow Margin provide useful additional information concerning cash flow available to fund our capital allocation alternatives and allow investors to compare cash generation performance over various reporting periods and against peers. The following table provides reconciliations of net cash provided by operating activities to Adjusted Free Cash Flow and Adjusted Free Cash Flow Margin:

 Three Months Ended
March 31,(in thousands) 2026   2025 Net cash provided by operating activities (A)$191,058  $206,627 Purchase of rental equipment and refurbishments (101,940)  (72,552)Proceeds from sale of rental equipment 19,278   14,063 Purchase of property, plant and equipment (3,629)  (4,634)Proceeds from the sale of property, plant and equipment 1,625   1,291 Cash paid to implement Network Optimization Plan 8,795   — Proceeds from sale of rental equipment for Network Optimization Plan (4,467)  — Cash paid to implement real estate exits prior to approval of the Network Optimization Plan 779   — Proceeds from sale of rental equipment for real estate exits prior to approval of the Network Optimization Plan (213)  — Cash paid for executive transition costs 4,270   — Adjusted Free Cash Flow (C)$115,556  $144,795     Revenue (B)$548,628  $559,551 Net cash provided by operating activities margin (A/B) 34.8%  36.9%Adjusted Free Cash Flow Margin (C/B) 21.1%  25.9% Net CAPEX
We define Net CAPEX as purchases of rental equipment and refurbishments and purchases of property, plant and equipment, less proceeds from the sale of rental equipment (excluding proceeds from the implementation of the Network Optimization Plan and real estate exits prior to the approval of the Network Optimization Plan) and proceeds from the sale of property, plant and equipment, which are all included in cash flows from investing activities. Management believes that the presentation of Net CAPEX provides useful information regarding the net capital invested in our rental fleet and property, plant and equipment each year to assist in analyzing the performance of our business. The following table provides reconciliations of Net CAPEX:

 Three Months Ended
March 31,(in thousands) 2026   2025 Purchases of rental equipment and refurbishments$(101,940) $(72,552)Proceeds from sale of rental equipment 19,278   14,063 Less: Proceeds from sale of rental equipment for Network Optimization Plan (4,467)  — Less: Proceeds from sale of rental equipment for real estate exits prior to approval of Network Optimization Plan (213)  — Net CAPEX for Rental Equipment (87,342)  (58,489)Purchases of property, plant and equipment (3,629)  (4,634)Proceeds from sale of property, plant and equipment 1,625   1,291 Net CAPEX$(89,346) $(61,832)
Return on Invested Capital
Return on Invested Capital is defined as Adjusted earnings before interest and amortization divided by Average Invested Capital. Management believes that the presentation of Return on Invested Capital provides useful information regarding the long-term health and profitability of the business relative to the Company's cost of capital. We define Adjusted earnings before interest and amortization as Adjusted EBITDA (see reconciliation above) reduced by depreciation and estimated taxes. We include estimated taxes at our current statutory tax rate.

Average Invested Capital is calculated as an average of Net Assets, a four quarter average for annual metrics and two quarter average for quarterly metrics. Net assets is defined for purposes of the calculation below as total assets less goodwill, intangible assets, net, and all non-interest bearing liabilities.

The following table provides reconciliations of Return on Invested Capital, which has been adjusted to reflect depreciation related to real estate exits prior to initiating our Network Optimization Plan.

 Three Months Ended
March 31,(in thousands) 2026   2025 Total Assets$5,810,656  $5,961,676 Goodwill (1,257,201)  (1,201,710)Intangible Assets, net (213,432)  (239,816)Total Liabilities (4,940,132)  (4,950,314)Long Term Debt 3,482,297   3,596,816 Net Assets, as defined above$2,882,188  $3,166,652 Average Invested Capital (A)$2,906,908  $3,208,115     Adjusted EBITDA$211,014  $228,785 Depreciation (81,775)  (85,745)Depreciation related to real estate exits (171)  3,776 Adjusted EBITA (B)$129,068  $146,816     Statutory Tax Rate (C) 27%  25%Estimated Tax (B*C)$34,848  $36,704 Adjusted earnings before interest and amortization (D)$94,220  $110,112 ROIC (D/A), annualized 13.0%  13.7%

For the quarter ended March 2026, WillScot (WSC - Free Report) reported revenue of $548.63 million, down 2% over the same period last year. EPS came in at $0.21, compared to $0.24 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $523.85 million, representing a surprise of +4.73%. The company delivered an EPS surprise of +34.36%, with the consensus EPS estimate being $0.16.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how WillScot performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Average modular space units on rent: 87,692 compared to the 85,646 average estimate based on three analysts.Average modular space monthly rental rate: $1,240.00 versus the three-analyst average estimate of $1,258.91.Average portable storage monthly rental rate: $284.00 versus the three-analyst average estimate of $285.68.Average portable storage units on rent: 98,316 versus the three-analyst average estimate of 88,672.Revenues- Leasing and services revenue- Leasing: $425.52 million versus the two-analyst average estimate of $404.36 million. The reported number represents a year-over-year change of -2%.Revenues- Leasing and services revenue- Delivery and installation: $99.52 million versus the two-analyst average estimate of $86.59 million. The reported number represents a year-over-year change of +12.3%.Revenues- Leasing and services revenue: $525.04 million versus the two-analyst average estimate of $490.94 million. The reported number represents a year-over-year change of +0.4%.Revenues- Sales revenue- Rental units: $14.59 million versus $11.11 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +3.8% change.Revenues- Sales revenue- New units: $8.99 million versus the two-analyst average estimate of $12.86 million. The reported number represents a year-over-year change of -59.9%.View all Key Company Metrics for WillScot here>>>

Shares of WillScot have returned +24.2% over the past month versus the Zacks S&P 500 composite's +11.4% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

2 hours ago

Church & Dwight (NYSE:CHD) Director Robert Shearer Sells 8,600 SharesMarketBeat

Church & Dwight Co., Inc. (NYSE:CHD - Get Free Report) Director Robert Shearer sold 8,600 shares of the business's stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $97.97, for a total transaction of $842,542.00. Following the completion of the sale, the director directly owned 30,678 shares in the company, valued at $3,005,523.66. This trade represents a 21.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

NYSE:CHD

On June 10, 2026, WillScot Holdings Corp WSC shares fell 3.8% today, bringing the current price to $26.47. The stock has traded within a 52-week range of $14.91 to $31.88. The recent price movement reflects a mix of volatility amid a year-to-date gain of 41.4% and a 1-year decline of 5.8%.

GF Value™ verdict: Current price of $26.47 is 28.0% below GF Value™ of $36.78.GF Score™ of 78/100 indicates that WSC is considered Above Average based on various performance metrics.Notable signal: Insiders sold $4.2M in stock over the last three months, suggesting a lack of buying interest among executives. Is WSC Overvalued or Undervalued? The current price of WillScot Holdings Corp at $26.47 is significantly below the GF Value™ estimate of $36.78, indicating that the stock is undervalued by approximately 28.0%. This margin of safety presents an opportunity for investors, suggesting that the shares may have room for appreciation should the market recognize the company's intrinsic value. GF Valuation is labeled as Modestly Undervalued, which means that while the stock is trading below its estimated fair value, it is important to consider the risks involved in investing.

GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates. This suggests that while there may be opportunities, potential investors should remain cautious and assess the underlying fundamentals and market conditions before making investment decisions.

How Does WSC's Valuation Compare to Its History? Metric Current Historical 5-Year Median P/E 37.0x N/A Forward P/E 25.8x N/A WSC is currently trading at a forward P/E of 25.8x, which is notably lower than its 5-year median P/E of 37.0x. This indicates that the stock is trading below its historical valuation, which aligns with the GF Value™ verdict of being undervalued. Therefore, the P/E analysis supports the notion that WSC could be a more attractive investment at its current price level.

What Does WSC's GF Score™ Tell Us? Metric Rating GF Score™ 78/100 Financial Strength 3/10 Profitability 7/10 Growth 6/10 Valuation 8/10 Momentum 8/10 The GF Score™ of 78/100 reflects an Above Average rating, with notable strengths in Valuation (8/10) and Momentum (8/10), which suggest favorable conditions for price appreciation. However, the Financial Strength rating of 3/10 indicates potential risks, suggesting that while WSC has solid growth prospects and momentum, it may face challenges in its financial stability. Overall, the combination of these scores indicates that while there are some attractive aspects of WSC, caution is warranted due to weaker financial strength.

What Are Insiders Doing with WSC Stock? In recent months, insider activity has shown a notable trend, with insiders selling $4.2 million worth of shares without any recorded buying. This pattern may suggest a lack of confidence among company executives regarding the stock's near-term prospects or a reallocation of their personal investment strategies. While insider selling does not inherently indicate a negative outlook for the company, it is a signal that warrants attention from potential investors.

What This Means for Investors Based on the GF Value™ assessment, WillScot Holdings Corp is currently undervalued, presenting a potential opportunity for investors looking for stocks with intrinsic value below their market price. However, the mixed signals from insider activity and financial strength should be carefully considered as part of a comprehensive investment analysis.

For the complete analysis, visit the WillScot Holdings Corp WSC stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.

Frequently Asked Questions What is WSC's GF Score™?

WSC has a GF Score™ of 78/100, indicating that it is considered Above Average based on key performance metrics that typically correlate with higher long-term returns.

Is WSC overvalued or undervalued?

WSC is currently undervalued, with a GF Value™ of $36.78 compared to its market price of $26.47, suggesting a potential upside of 28.0%.

What is WSC's P/E ratio?

WSC's forward P/E ratio is 25.8x, which is significantly below its 5-year median P/E of 37.0x, indicating that the stock is trading at a lower valuation compared to its historical averages.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].