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Angelo Gordon and CO. L.P. acquired a new stake in shares of Chart Industries, Inc. (NYSE: GTLS) in the undefined quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 13,000 shares of the industrial products company's stock, valued at approximately $2,602,000. Several

Posted by Defense World Staff on Apr 5th, 2026

Braun Stacey Associates Inc. lessened its holdings in Chart Industries, Inc. (NYSE:GTLS – Free Report) by 20.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 58,586 shares of the industrial products company’s stock after selling 15,102 shares during the period. Braun Stacey Associates Inc. owned about 0.13% of Chart Industries worth $12,082,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GTLS. United Community Bank lifted its holdings in Chart Industries by 364.5% during the third quarter. United Community Bank now owns 144 shares of the industrial products company’s stock worth $29,000 after buying an additional 113 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of Chart Industries by 95.9% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 145 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 71 shares during the period. Clearstead Advisors LLC raised its position in shares of Chart Industries by 243.3% in the 3rd quarter. Clearstead Advisors LLC now owns 230 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 163 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of Chart Industries by 44.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 323 shares of the industrial products company’s stock worth $53,000 after acquiring an additional 100 shares in the last quarter. Finally, CI Investments Inc. lifted its stake in shares of Chart Industries by 36.9% during the 3rd quarter. CI Investments Inc. now owns 271 shares of the industrial products company’s stock worth $54,000 after purchasing an additional 73 shares during the last quarter.

Wall Street Analyst Weigh In A number of equities analysts have commented on the stock. Zacks Research downgraded shares of Chart Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, March 13th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Chart Industries in a research report on Friday, March 27th. Finally, Wall Street Zen upgraded shares of Chart Industries to a “hold” rating in a research note on Saturday. Two analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $203.67.

View Our Latest Research Report on Chart Industries

Chart Industries Trading Down 0.0% Chart Industries stock opened at $207.02 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.09 and a current ratio of 1.36. The stock has a market cap of $9.91 billion, a PE ratio of 796.26, a price-to-earnings-growth ratio of 0.81 and a beta of 1.70. The stock has a 50-day moving average of $207.12 and a two-hundred day moving average of $204.56. Chart Industries, Inc. has a one year low of $104.60 and a one year high of $208.24.

Chart Industries (NYSE:GTLS – Get Free Report) last issued its quarterly earnings results on Friday, February 27th. The industrial products company reported $2.51 earnings per share for the quarter, missing analysts’ consensus estimates of $3.48 by ($0.97). The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Chart Industries had a return on equity of 13.55% and a net margin of 0.95%.Chart Industries’s revenue was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.66 EPS. On average, research analysts anticipate that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

Chart Industries Profile (Free Report)

Chart Industries, Inc (NYSE: GTLS) is a leading global manufacturer of engineered equipment for the storage, distribution and end-use of hydrocarbon and industrial gases. The company specializes in cryogenic systems and components, serving key markets such as energy, chemical processing, industrial gas, food and beverage, and medical gases. Chart’s product portfolio includes large-scale cryogenic storage tanks, vaporizers, heat exchangers and pump systems designed to maintain gases in liquid and gaseous states under extreme conditions.

Founded in 1992 and headquartered in Ball Ground, Georgia, Chart Industries has evolved through targeted acquisitions and organic growth to expand its technological capabilities and geographic reach.

Read More Five stocks we like better than Chart Industries Want to see what other hedge funds are holding GTLS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chart Industries, Inc. (NYSE:GTLS – Free Report).

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Stock to Watch: Ameriprise Financial Services (AMP - Free Report) Headquartered in Minneapolis, MN, Ameriprise Financial, Inc. was founded in 1894 under the name Investors Syndicate. Notably, since 2005-end, Ameriprise has been operating independently of American Express Company. As of Dec. 31, 2025, the company’s total assets under management and administration (AUM/AUA) were $1.69 trillion.

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

Momentum investors should take note of this Finance stock. AMP has a Momentum Style Score of A, and shares are up 4.9% over the past four weeks.

Four analysts revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $0.73 to $42.45 per share. AMP also boasts an average earnings surprise of +5.1%.

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

Philanthropic partnership with Angel Foundation™ recognized for pro bono financial planning that helps reduce financial stress for individuals and families facing cancer

MINNEAPOLIS--(BUSINESS WIRE)--Ameriprise Financial, Inc. (NYSE: AMP) has been named a recipient of the 2026 Gold Halo Award for Best Direct Service Initiative by Engage for Good, recognizing the firm’s philanthropic partnership with Angel Foundation™, a Minnesota-based nonprofit that provides relief to adults with cancer and their loved ones. The Halo Awards honor the most innovative and effective initiatives between companies and nonprofits that deliver measurable social impact. Ameriprise was recognized for its support of Angel Foundation’s Financial Care Program, which provides personalized financial education, planning and guidance designed to help individuals and families reduce the financial stress and uncertainty that often accompany cancer diagnosis.

Angel Foundation’s Financial Care Program offers one-on-one financial planning sessions, workshops and on-demand learning modules designed to help cancer patients manage debt, build budgets and plan for immediate and long-term financial needs. Ameriprise supports the program through philanthropic funding and by providing pro bono Certified Financial Planner™ (CFP®) volunteers who help individuals and families facing cancer take greater control of their finances so they can focus on their health and recovery.

“Angel Foundation’s Financial Care Program is about helping people feel more in control when so much feels uncertain,” said Jennifer Jones, Vice President of Community Relations at Ameriprise Financial. “By combining financial support with the time and talent of our advisors and employees, we are able to make a meaningful difference for individuals and families facing cancer – and we’re honored this work is being recognized.”

“The commitment and support of Ameriprise and their volunteers is transformational for our clients,” said Dave Becker, President and CEO of Angel Foundation. “This partnership demonstrates the powerful role financial planning can play in helping families navigate life-altering challenges. We’re proud to be recognized alongside Ameriprise for a program that truly changes lives.”

To date, Angel Foundation’s Financial Care Program has served more than 1,300 families with essential programming through workshop sessions and pro bono financial advice led by Ameriprise employees and advisors with a CFP® designation, helping reduce anxiety, improve financial stability, and enable patients to focus more fully on their health, recovery, and quality of life.

For more information about The 2026 Halo Awards, visit engageforgood.com.

About Engage for Good

For more than two decades, Engage for Good (EFG) has been the trusted home for corporate and nonprofit leaders building partnerships that deliver real results. EFG has equipped leaders shaping cause marketing and nonprofit partnership strategy with the connections, best practices and community they need to build high-impact partnerships that drive both business and social value. With a community of over 19,000 impact leaders, EFG’s programs include the annual Engage for Good Conference, The Halo Awards, membership for impact professionals, and consulting services for nonprofits and companies. Learn more at engageforgood.com.

About Angel Foundation™

Angel Foundation™ is a Twin Cities-based 501(c)(3) nonprofit that has helped meet the needs of adults with cancer and their families since 2001. Angel Foundation™ offers relief through financial assistance, education, and emotional and social support programs. Since its founding, Angel Foundation™ has distributed more than $16 million in emergency financial assistance and provided over 62,000 program services to adults with cancer in the 15-county Twin Cities metro area, as well as St. Louis and Olmsted counties, and St. Croix County (WI).

About Ameriprise Financial Community Relations

Ameriprise Financial is dedicated to utilizing the firm’s resources and talents to improve the lives of individuals and build strong communities. Through grants, volunteerism and employee and advisor gift matching programs, the company supports more than 8,000 nonprofits globally. The company also has a longstanding commitment to volunteerism. Each year, the firm’s employees are eligible for the eight hours of paid time off to volunteer. In 2025, Ameriprise volunteers collectively contributed more than 50,000 hours to nonprofits in communities across the country.

About Ameriprise Financial

At Ameriprise Financial, we have been helping people feel confident about their financial future for more than 130 years1. With extensive investment advice, global asset management capabilities and insurance solutions, and a nationwide network of more than 10,000 financial advisors, we have the strength and expertise to serve the full range of individual and institutional investors' financial needs.

1 Company founded June 29, 1894.

The Halo Award for Best Direct Service Initiative recognizes partnerships and initiatives between companies and nonprofits that deliver measurable social impact. Ameriprise Financial was recognized for their partnership with Angel Foundation™, a Minnesota-based nonprofit that provides relief to adults with cancer. Award winners were evaluated between January and March 2026 and were selected by a panel of judges based on their innovative approach to delivering services; inclusion and accessibility; thoughtful community engagement; and potential for sustainable, long-term impact. Ameriprise paid a fee to be evaluated or but did not pay a fee to publicly cite the results. For more information: https://engageforgood.com/halo-awards/.

Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization’s initial and ongoing certification requirements to use the certification marks.

Ameriprise Financial Services, LLC is an Equal Opportunity Employer.

Ameriprise Financial cannot guarantee future financial results.

Investment products are not insured by the FDIC, NCUA or any federal agency, are not deposits or obligations of, or guaranteed by any financial institution, and involve investment risks including possible loss of principal and fluctuation in value.

Investment advisory products and services are made available through Ameriprise Financial Services, LLC, a registered investment adviser.

Securities offered by Ameriprise Financial Services, LLC. Member FINRA and SIPC.

© 2026 Ameriprise Financial, Inc. All rights reserved.

More News From Ameriprise Financial, Inc.

BOSTON & LONDON--(BUSINESS WIRE)--Columbia Threadneedle Investments, the global asset management group of Ameriprise Financial (NYSE: AMP), today announced that William Davies, global chief investment officer, has decided to retire after 33 years of distinguished service to the firm and its clients. Mr. Davies’ retirement will be effective on June 30, 2026.

William F. "Ted" Truscott, chief executive officer of Columbia Threadneedle, will act as interim global chief investment officer from July 1, 2026 until the appointment of a successor to Mr. Davies, providing leadership and oversight of the investment function.

Mr. Davies joined a Columbia Threadneedle predecessor firm in 1994 as a European equities portfolio manager. Over the course of his career, he has held several leadership roles at the firm, including head of European equities, global head of equities, chief investment officer EMEA and, since 2022, global chief investment officer. Mr. Davies’ leadership has been key to fostering a culture of collaboration and continuous improvement and driving strong investment performance for our clients.

Mr. Truscott’s significant investment experience has long been central to his leadership of Columbia Threadneedle, driving robust engagement with investment professionals across the firm and supporting a nuanced understanding of clients’ investment objectives. He served as the firm’s chief investment officer for seven years, prior to his appointment as chief executive officer in 2010. Columbia Threadneedle has a deep bench of senior investment leaders and asset class heads who will maintain their current functional responsibilities while Mr. Truscott serves as interim chief investment officer.

Ted Truscott, Chief Executive Officer, Columbia Threadneedle, commented: “We have a high-quality investment capability and a strong culture that drives successful investment outcomes for our clients. Our talented investment leadership team is well positioned to continue delivering the consistent investment approach that our clients expect from Columbia Threadneedle.”

Mr. Truscott added: “I would like to thank and recognize William for his contributions to our firm over his 33-year career at Columbia Threadneedle. He has been a valued colleague and leader, having shaped our disciplined investment processes, fostered strong client relationships and served as a respected industry thought leader. We wish him well in his well-earned retirement.”

William Davies, Global Chief Investment Officer, Columbia Threadneedle, said: “It has been a privilege to lead our team of talented and experienced investors who are dedicated to delivering consistent, competitive investment performance for our clients. We have a strong team of investment leaders in place, and I am grateful for the meaningful partnerships we have built with clients and for the confidence they have placed in Columbia Threadneedle.”

About Columbia Threadneedle Investments

Columbia Threadneedle Investments is a leading global asset manager that provides a broad range of investment strategies and solutions for individual, institutional and corporate clients around the world. With 2,200 people, including 550 investment professionals, based in North America, Europe and Asia, we manage and advise $706 billion of assets across developed and emerging market equities, fixed income, asset allocation solutions and alternatives.1

Columbia Threadneedle Investments is the global asset management group of Ameriprise Financial, Inc. (NYSE: AMP). For more information, please visit columbiathreadneedle.com.

Columbia Threadneedle Investments (Columbia Threadneedle) is the global brand name of the Columbia and Threadneedle group of companies.

1 As of March 31, 2026

This document and its contents have not been reviewed by any regulatory authority. In Australia: Issued by Threadneedle Investments Singapore (Pte.) Limited (TIS), ARBN 600 027 414. TIS is exempt from the requirement to hold an Australian financial services licence under the Corporations Act and relies on Class Order 03/1102 in marketing and providing financial services to Australian wholesale clients as defined in Section 761G of the Corporations Act 2001. TIS is regulated in Singapore (Registration number: 201101559W) by the Monetary Authority of Singapore under the Securities and Futures Act (Chapter 289), which differ from Australian laws. In Singapore: Issued by Threadneedle Investments Singapore (Pte.) Limited, 3 Killiney Road, #07-07, Winsland07, Winsland House 1, Singapore 239519, which is regulated in Singapore by the Monetary Authority of Singapore under the Securities and Futures Act (Chapter 289). Registration number: 201101559W. This advertisement has not been reviewed by the Monetary Authority of Singapore. In Hong Kong: Issued by Threadneedle Portfolio Services Hong Kong Limited 天利投資管理香港有限公司. Unit 3004, Two Exchange Square, 8 Connaught Place, Hong Kong, which is licensed by the Securities and Futures Commission (“SFC”) to conduct Type 1 regulated activities (CE: AQA779). Registered in Hong Kong under the Companies Ordinance (Chapter 622), No. 1173058. In Japan: Issued by Columbia Threadneedle Investments Japan Co., Ltd. Financial Instruments Business Operator, The Director-General of Kanto Local Finance Bureau (FIBO) No.3281, and a member of Japan Investment Advisers Association and Type II Financial Instruments Firms Association. In the USA: Columbia Management Investment Advisers, LLC (CMIA) is an investment adviser registered with the U.S. Securities and Exchange Commission. In the UK: Issued by Threadneedle Asset Management Limited, No. 573204 and/or Columbia Threadneedle Management Limited, No. 517895, both registered in England and Wales and authorised and regulated in the UK by the Financial Conduct Authority. In the EEA: Issued by Columbia Threadneedle Netherlands B.V., regulated by the Dutch Authority for the Financial Markets (AFM), registered No. 08068841 and/or by Threadneedle Management Luxembourg S.A., at 6E route de Trèves, L-2633 Senningerberg, Grand Duchy of Luxembourg, registered with the Luxembourg Registre de Commerce et des Sociétés with No. B 110242 and authorised by the Commission de Surveillance du Secteur Financier (CSSF). In Switzerland: Issued by Threadneedle Portfolio Services AG, Registered address: Claridenstrasse 41, 8002 Zurich, Switzerland. In the Middle East: This document is distributed by Columbia Threadneedle Investments (ME) Limited, which is regulated by the Dubai Financial Services Authority (DFSA).

AdTrax: CTNA8934086.1-

© 2026 Columbia Management Investment Advisers, LLC. All rights reserved.

Ameriprise Financial, Inc. (NYSE: AMP) has once again been named to Fortune’s 2026 list of “America’s Most Innovative Companies,” a distinction awarded to 300 U.S. public companies demonstrating exceptional performance across three pillars: product innovation, process innovation and innovation culture.

“Innovation is core to how we operate at Ameriprise. Our integrated technology capabilities are a true competitive advantage – seamless, secure and built to scale,” said Gerard Smyth, Executive Vice President, Head of Technology & Service Delivery at Ameriprise. “Our platform connects multiple tools into one intelligent ecosystem, enhanced with embedded AI and automation. Fortune’s recognition reflects the impact of our investments, the culture that fuels continuous innovation, and the infrastructure that sets our firm apart.”

Fortune, in partnership with Statista, evaluated U.S.-based companies from a wide range of industries, including 17 different sectors, to determine the ranking. Chosen companies performed consistently well across the three main innovation categories as represented by customers, employees and public data, including patent information.

The full list of Fortune’s “America’s Most Innovative Companies 2026” can be found at https://fortune.com/ranking/americas-most-innovative-companies/.

To learn more about Ameriprise’s integrated technology capabilities, visit Ameriprise.com/why.

About Ameriprise Financial

At Ameriprise Financial, we have been helping people feel confident about their financial future for more than 130 years1. With extensive investment advice, global asset management capabilities and insurance solutions, and a nationwide network of more than 10,000 financial advisors, we have the strength and expertise to serve the full range of individual and institutional investors' financial needs.

1Company founded June 29, 1894.

Fortune partnered with Statista to recognize America’s Most Innovative Companies — U.S. companies that excel in developing innovative products, streamlining processes, and cultivating a forward-thinking corporate culture. Statista surveyed more than 30,000 U.S. employees and 3,000 experts in various fields and evaluated patent data. Surveys were conducted August through November 2025. Ameriprise did not pay a fee to be evaluated, but did pay a fee to publicly cite the results.

Ameriprise Financial Services, LLC is an Equal Opportunity Employer.

Ameriprise Financial cannot guarantee future financial results.

Investment products are not insured by the FDIC, NCUA or any federal agency, are not deposits or obligations of, or guaranteed by any financial institution, and involve investment risks including possible loss of principal and fluctuation in value.

Investment advisory products and services are made available through Ameriprise Financial Services, LLC, a registered investment adviser.

Securities offered by Ameriprise Financial Services, LLC. Member FINRA and SIPC.

© 2026 Ameriprise Financial, Inc. All rights reserved.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260520793079/en/

Preclinical data demonstrate robust T cell activation, durable immune memory, and lymph node-targeted mechanism supporting next-generation immunotherapies June 01, 2026 08:00 ET  | Source: Elicio Therapeutics Inc.

BOSTON, June 01, 2026 (GLOBE NEWSWIRE) -- Elicio Therapeutics, Inc. (Nasdaq: ELTX, “Elicio” or the “Company”), a clinical-stage biotechnology company developing a pipeline of novel immunotherapies for the treatment of cancer, today announced the publication of a peer-reviewed manuscript in Science Advances, published by the American Association for the Advancement of Science, describing a series of novel AMP-DNA adjuvant candidates built from the lymph node-targeting Amphiphile (“AMP”) platform technology.  

The manuscript, titled “Lymph node targeted DNA engages TBK1/IFN-I driven innate immunity to induce potent T cell responses and durable memory in mice and NHPs,” highlights the ability of these preclinical novel AMP-DNA adjuvants to drive robust, durable immune responses through targeted delivery to lymph nodes and activation of innate immune pathways. This work further builds on the development of the TLR-9-specific AMP-CpG (ELI-004), providing an expanded portfolio of potent lymph node-targeted AMP immunomodulators.

“We are excited to see this work published in the prestigious peer-reviewed journal, Science Advances, as we believe it reinforces the breadth and versatility of our AMP platform beyond our initial clinical programs. These data highlight our ability to precisely direct immune activation to the lymph nodes and unlock powerful, durable T cell responses through novel mechanisms, such as TBK1 and type I interferon (IFN-I) signaling. We believe these new AMP-DNA immuno-activators represent a meaningful step toward expanding the AMP toolkit of next-generation immunotherapies across oncology and infectious disease,” said Peter DeMuth, Ph.D., Chief Scientific Officer of Elicio.

The findings further expand the scientific foundation of Elicio’s AMP platform, which is designed to enhance immune responses by directing therapeutics to the lymph nodes—where immune responses are initiated and coordinated—while minimizing systemic toxicity.

Key Study Highlights

Superior Efficacy: Preclinically, AMP-DNA outperformed current clinical and commercial benchmark adjuvants in head-to-head comparisons, inducing substantially more robust cellular immunity

Potent T Cell Activation: AMP-DNA elicited high frequencies of antigen-specific, polyfunctional CD8+ and CD4+ T cell responses across tissues

Long-Term Immunity: Durable immune memory was observed for at least nine months, with rapid and robust recall responses upon antigen re-exposure

Validated in Primates: Findings were replicated in non-human primates, demonstrating strong cellular and humoral immune responses in a translationally relevant model

Lymph Node Precision: AMP-DNA targets lymph nodes to create a localized, highly immunostimulatory environment

Distinct Mechanistic Pathway: Immune activation is driven through TBK1/IFN-I signaling pathways, supporting a differentiated mechanism compared to AMP-CpG which activates TLR-9

Preclinical results demonstrated that AMP-DNA adjuvants significantly enhanced both cellular and humoral immune responses compared to unmodified DNA and clinically relevant adjuvant benchmarks. The technology enabled efficient lymph node delivery and induction of a pro-inflammatory cytokine environment critical for adaptive immunity. In non-human primates, AMP-DNA induced strong T cell responses and high titers of neutralizing antibodies, supporting its potential translational relevance for human applications.

About Elicio Therapeutics

Elicio Therapeutics, Inc. (Nasdaq: ELTX) is a clinical-stage biotechnology company advancing novel immunotherapies for the treatment of high-prevalence cancers, including mKRAS-positive pancreatic and colorectal cancers. Elicio intends to build on recent clinical successes in the personalized cancer immunotherapy space to develop effective, off-the-shelf immunotherapies. Elicio’s AMP technology aims to enhance the education, activation and amplification of cancer-specific T cells relative to conventional immunotherapy strategies, with the goal of promoting durable cancer immunosurveillance in patients. Elicio’s ELI-002 7P lead program is an off-the-shelf immunotherapy candidate targeting the most common KRAS mutations, which drive approximately 25% of all solid tumors. Elicio intends to expand ELI-002 7P clinical development not only for treatment in adjuvant pancreatic ductal adenocarcinoma (“PDAC”), but also in neo-adjuvant and metastatic PDAC settings, and for other mKRAS-positive cancers. Off-the-shelf immunotherapy approaches have the potential benefits of low cost, rapid commercial scale manufacturing, and rapid availability of drug to patients especially in neo-adjuvant settings and for prophylaxis in high-risk patients, contrary to personalized immunotherapy approaches. ELI-002 is being studied in an ongoing, randomized clinical trial in patients with mKRAS-positive PDAC who completed standard therapy but remain at high risk of relapse. ELI-002 also has been studied in patients with mKRAS-positive colorectal cancer (“CRC”) in Phase 1 studies. The updated AMPLIFY-201 Phase 1 data for PDAC and CRC was presented at the ESMO Immuno-Oncology Congress 2024 and included a 16.3-month median recurrence-free survival and 28.9-month median overall survival for the full study population. Elicio’s pipeline includes additional off-the-shelf therapeutic cancer immunotherapy candidates, including ELI-007 and ELI-008, that target BRAF-driven cancers and p53 hotspot mutations, respectively. For more information, please visit www.elicio.com.

About ELI-002

Elicio’s lead product candidate, ELI-002, is a structurally novel investigational AMP cancer immunotherapy that targets cancers that are driven by mutations in the KRAS-gene—a prevalent driver of many human cancers. ELI-002 is comprised of two powerful components that are built with Elicio’s AMP technology consisting of AMP-modified mutant KRAS peptide antigens and ELI-004, an AMP-modified CpG oligodeoxynucleotide adjuvant that is available as an off-the-shelf subcutaneous administration.

ELI-002 2P (2-peptide formulation) has been studied in the Phase 1 (AMPLIFY-201) trial in patients with high relapse risk mKRAS-driven solid tumors, following surgery and chemotherapy (NCT04853017). ELI-002 7P (7-peptide formulation) is currently being studied in a Phase 1/2 (AMPLIFY-7P) trial in patients with mKRAS-driven pancreatic cancer (NCT05726864). The ELI-002 7P formulation is designed to provide immune response coverage against seven of the most common KRAS mutations present in 25% of all solid tumors, thereby increasing the potential patient population for ELI-002.

About ELI-004

ELI-004 is a structurally novel, investigational AMP-modified immune-stimulatory CpG oligonucleotide. CpG oligonucleotide sequences are potent stimulators of TLR-9 which induce activation of innate immune cells, and production of supportive inflammatory effector molecules critical for enhancing innate and adaptive immunity. AMP-modification of CpG oligonucleotides promotes several mechanisms which may enhance tumor-directed immune responses: as an adjuvant administered with an antigen to the peripheral tissue, association with tissue albumin promotes delivery from the injection site to the lymph nodes where targeted uptake can enhance action on key immune cells which promote anti-tumor activity; following local injection into a solid tumor, AMP-mediated retention of CpG sequences concentrates immune activation within the target tumor, likely restricting systemic dissemination to irrelevant or toxicity-inducing sites throughout the body.

About the Amphiphile Platform

Elicio’s proprietary AMP platform delivers investigational immunotherapeutics directly to the “brain center” of the immune system – the lymph nodes. Elicio believes this site-specific delivery of disease-specific antigens, adjuvants and other immunomodulators may efficiently educate, activate and amplify critical immune cells, potentially resulting in induction and persistence of potent adaptive immunity required to treat many diseases. In preclinical models, Elicio observed lymph node-specific engagement driving therapeutic immune responses of increased magnitude, function and durability. Elicio believes its AMP lymph node-targeted approach will produce superior clinical benefits compared to immunotherapies that do not engage the lymph nodes based on preclinical studies.

Elicio’s AMP platform, originally developed at the Massachusetts Institute of Technology, has broad potential in the cancer space to advance a number of development initiatives through internal activities, in-licensing arrangements or development collaborations and partnerships.

The AMP platform has been shown to deliver immunotherapeutics directly to the lymph nodes by latching on to the protein albumin, found in the local injection site, as it travels to lymphatic tissue.

Cautionary Note on Forward-Looking Statements

Certain statements contained in this communication regarding matters that are not historical facts are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, known as the PSLRA. These include statements regarding Elicio’s planned clinical programs, including the timing and outcome of planned clinical trials; the potential efficacy of Elicio’s product candidates, including ELI-002 7P and Elicio’s novel preclinical AMP-DNA adjuvants; the potential of Elicio’s AMP platform technology; the potential for future expansion of Elicio’s AMP platform for the development of immunotherapies across oncology and infectious disease; the potential translational relevance of AMP-DNA adjuvant preclinical results for human applications; the potential expansion of ELI-002 7P clinical development to other indications including neo-adjuvant and metastatic PDAC and other mKRAS-positive cancers; the potential benefits and effectiveness of off-the-shelf immunotherapy approaches; and other statements regarding management’s intentions, plans, beliefs, expectations or forecasts for the future and, therefore, you are cautioned not to place undue reliance on them. No forward-looking statement can be guaranteed and actual results may differ materially from those projected. Elicio undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise, except to the extent required by law. Elicio uses words such as “anticipates,” “believes,” “plans,” “expects,” “projects,” “future,” “intends,” “may,” “will,” “should,” “could,” “estimates,” “predicts,” “potential,” “continue,” “guidance,” and similar expressions to identify these forward-looking statements that are intended to be covered by the safe-harbor provisions of the PSLRA. Such forward-looking statements are based on our expectations and involve risks and uncertainties; consequently, actual results may differ materially from those expressed or implied in the statements due to a number of factors, including, but not limited to, Elicio’s plans to develop and commercialize its product candidates, including ELI-002 7P; the timing of initiation of Elicio’s planned clinical trials; the timing of the availability of data from Elicio’s clinical trials; the timing of any planned investigational new drug application or new drug application; Elicio’s plans to research, develop and commercialize its current and future product candidates; and Elicio’s estimates regarding future revenue, expenses, capital requirements and need for additional financing.

New factors emerge from time to time, and it is not possible for Elicio to predict all such factors, nor can Elicio assess the impact of each such factor on the business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. These risks are more fully discussed under the heading “Risk Factors” in Elicio’s Annual Report on Form 10-K for the year ended December 31, 2025, filed with the SEC on March 12, 2026, and Elicio’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, filed with the SEC on May 11, 2026, as updated by subsequent reports and other documents filed from time to time with the SEC. Forward-looking statements included in this release are based on information available to Elicio as of the date of this release. Elicio does not undertake any obligation to update such forward-looking statements to reflect events or circumstances after the date of this release, except to the extent required by law.

Investor Relations Contact

Brian Ritchie
LifeSci Advisors
(212) 915-2578
[email protected]

The father-son team joins the branch channel of Ameriprise from Thrivent Investment Management

MINNEAPOLIS--(BUSINESS WIRE)--Pattern Wealth, a private wealth advisory practice, recently joined the branch channel of Ameriprise Financial, Inc. (NYSE: AMP) from Thrivent Investment Management, Inc. with $160 million in client assets. The practice, located in Wayzata, Minn., is led by private wealth advisor Jeremy Jackson and includes his father, financial advisor Dave Jackson, and client service associate Erika Holland.

The team, which brings decades of combined industry experience, chose to join Ameriprise to enhance their client experience and align with a firm that supports long-term growth through advanced capabilities and a strong national brand.

“We’ve always been committed to helping our clients navigate retirement planning, insurance, and investment decisions with care and precision,” said Jeremy Jackson. “As we looked to the future, it was important to find a firm that could help us deliver even more, through a broader set of tools, a proven growth platform, and a brand our clients recognize and trust. Ameriprise stood out on all fronts.”

Jackson also emphasized the firm’s client-focused culture and operational support as key differentiators. “Ameriprise provides the right combination of personalized support, operational efficiency, and modern AI and technology capabilities to help us grow intentionally,” he said. “The firm’s integrated platform allows us to deliver more comprehensive advice while spending more time focused on what matters most: our clients. We’re energized by the platform Ameriprise has built for the future, one that brings together robust investment solutions, meaningful advice, and personalized strategies with seamless digital capabilities. It positions us to continue evolving alongside our clients’ needs.”

“The transition has been smooth, and clients have been enthusiastic about what this move means for them,” Jackson added. “They’re excited about the expanded opportunities and the enhanced experience we’re able to provide.”

Pattern Wealth is supported locally by Ameriprise Complex Director Adam Lukens and Ameriprise Regional Vice President Mitch Doren.

Ameriprise has continued to attract experienced, productive financial advisors, with approximately 1,700 joining the firm in the last 5 years.1 To find out why experienced financial advisors are joining Ameriprise, visit ameriprise.com/why.

About the Ameriprise Ultimate Advisor Partnership

The Ameriprise Ultimate Advisor Partnership offers a differentiated experience for advisors that helps them accelerate growth while delivering an excellent client experience. Combined with the company’s culture of support and independence, the Ultimate Advisor Partnership enables advisors to scale their businesses, deepen client relationships and drive referrals for future growth.

About Ameriprise Financial

At Ameriprise Financial, we have been helping people feel confident about their financial future for more than 130 years2. With extensive investment advice, global asset management capabilities and insurance solutions, and a nationwide network of more than 10,000 financial advisors, we have the strength and expertise to serve the full range of individual and institutional investors' financial needs.

1 Ameriprise Financial Q4 2025 Earnings Release.

2 Company founded June 29, 1894

Ameriprise Financial cannot guarantee future financial results.

Ameriprise Financial Services, LLC is an Equal Opportunity Employer.

Investment products are not insured by the FDIC, NCUA or any federal agency, are not deposits or obligations of, or guaranteed by any financial institution, and involve investment risks including possible loss of principal and fluctuation in value.

Investment advisory products and services are made available through Ameriprise Financial Services, LLC, a registered investment adviser.

Securities offered by Ameriprise Financial Services, LLC. Member FINRA and SIPC.

©2026 Ameriprise Financial, Inc. All rights reserved.

More News From Ameriprise Financial, Inc.

MINNEAPOLIS--(BUSINESS WIRE)--Private wealth advisor Russell Austin recently joined the independent channel of Ameriprise Financial, Inc. (NYSE: AMP) from Edward Jones in Spartanburg, S.C., where he managed more than $120 million in client assets. His practice, Freedom Ridge Private Wealth, includes client relationship manager Pamela Jones.

Austin chose Ameriprise for greater independence and a culture that supports long-term growth. After evaluating multiple firms, the combination of advanced technology and AI capabilities, along with the opportunity to build his own practice with the support of a leading wealth management firm, set Ameriprise apart.

“Ameriprise provides the ideal balance of independence and support,” said Austin. “The technology available to both our team and clients enhances how we deliver advice, creating a more seamless and engaging experience. Combined with the firm’s strong platform and resources, it enables us to truly build and grow our own business, supported by a firm that shares our vision for the future.”

“We’re excited about the growth opportunity ahead and what this move means for our business,” Austin added. “Our transition experience has reinforced our confidence in our decision to join Ameriprise, and it’s been especially meaningful to see our clients express pride in our team and excitement for what’s ahead.”

Freedom Ridge Private Wealth provides comprehensive advice to clients to help them achieve the goals they have for themselves and their families. The practice is supported locally by Ameriprise Franchise Field Vice President Kevin Sevlie and Ameriprise Regional Vice President Mike Barker.

Ameriprise has continued to attract experienced, productive financial advisors, with approximately 1,700 joining the firm in the last 5 years.1 To find out why experienced financial advisors are joining Ameriprise, visit ameriprise.com/why.

About the Ameriprise Ultimate Advisor Partnership

The Ameriprise Ultimate Advisor Partnership offers a differentiated experience for advisors that helps them accelerate growth while delivering an excellent client experience. Combined with the company’s culture of support and independence, the Ultimate Advisor Partnership enables advisors to scale their businesses, deepen client relationships and drive referrals for future growth.

About Ameriprise Financial

At Ameriprise Financial, we have been helping people feel confident about their financial future for more than 130 years2. With extensive investment advice, global asset management capabilities and insurance solutions, and a nationwide network of more than 10,000 financial advisors, we have the strength and expertise to serve the full range of individual and institutional investors' financial needs.

1 Ameriprise Financial Q4 2025 Earnings Release.

2 Company founded June 29, 1894

Ameriprise Financial cannot guarantee future financial results.

Ameriprise Financial Services, LLC is an Equal Opportunity Employer.

Investment products are not insured by the FDIC, NCUA or any federal agency, are not deposits or obligations of, or guaranteed by any financial institution, and involve investment risks including possible loss of principal and fluctuation in value.

Investment advisory products and services are made available through Ameriprise Financial Services, LLC, a registered investment adviser.

Securities offered by Ameriprise Financial Services, LLC. Member FINRA and SIPC.

©2026 Ameriprise Financial, Inc. All rights reserved.

More News From Ameriprise Financial, Inc.

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.

The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.

Zacks Premium includes access to the Zacks Style Scores as well.

What are the Zacks Style Scores? The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.

Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.

The Style Scores are broken down into four categories:

Value ScoreValue investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.

Growth ScoreGrowth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.

Momentum ScoreMomentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.

VGM ScoreIf you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.

How Style Scores Work with the Zacks Rank The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.

Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +23.7% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus 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.

You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only has a #3 (Hold) rank, it should also have Scores of A or B to guarantee 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.

A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.

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

Stock to Watch: Ameriprise Financial Services (AMP - Free Report) Headquartered in Minneapolis, MN, Ameriprise Financial, Inc. was founded in 1894 under the name Investors Syndicate. Notably, since 2005-end, Ameriprise has been operating independently of American Express Company. As of March 31, 2026, the company’s total assets under management and administration (AUM/AUA) were $1.67 trillion.

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

It also boasts a Value Style Score of A thanks to attractive valuation metrics like a forward P/E ratio of 10.54; value investors should take notice.

For fiscal 2026, five analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $1.14 to $42.63 per share. AMP boasts an average earnings surprise of +5.1%.

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

-

The Bank Insurance & Securities Association (BISA) recognized Ameriprise as a leader in technology innovation at its 2026 annual convention

MINNEAPOLIS--(BUSINESS WIRE)--Ameriprise Financial (NYSE: AMP) today announced it has received the 2026 Technology Innovation Award from the Bank Insurance & Securities Association (BISA). This award recognizes the Ameriprise® Signature Wealth Program, a flexible unified managed account (UMA) that enables advisors to seamlessly combine multiple investment options and management methods into one portfolio.

The Signature Wealth Program transforms investing processes by allowing advisors to build and customize client portfolios from hundreds of investment choices from leading investment providers, all powered by state-of-the-art integrated technology. Built to support customization and scale, the program expands investment choice and personalization while improving efficiency by streamlining administrative and operational tasks.

“We are proud to be recognized by BISA as a leader in technology innovation for the third consecutive year,” said Gerard Smyth, Executive Vice President, Head of Technology, Service and Operations at Ameriprise. “The Signature Wealth Program represents a modern approach to our advisory business, enabled by advanced, fully integrated technology. By bringing investment options, advice tools and workflows together in one seamless system, advisors gain greater flexibility and the ability to complete tasks simultaneously, helping free up valuable time to deepen client relationships and deliver a premium experience.”

“Signature Wealth was built around how advisors actually work and how clients expect to be served,” said Matt Huss, Executive Vice President of Wealth Management Products and Solutions at Ameriprise. “It enables advisors to create custom, institutional-quality portfolios across their entire book of business, while delivering a more personalized, cohesive experience for clients. The result is greater choice, deeper personalization and the ability to scale advice and investment solutions without compromising quality.”

With this award, BISA recognizes firms that are advancing products, services and platforms across the industry through technology innovation. Click here for more on the BISA Technology Innovation Award.

To learn more about Ameriprise’s integrated technology capabilities, visit Ameriprise.com/careers/experienced-financial-advisors.

About Ameriprise Financial

At Ameriprise Financial, we have been helping people feel confident about their financial future for more than 130 years1. With extensive investment advice, global asset management capabilities and insurance solutions, and a nationwide network of more than 10,000 financial advisors, we have the strength and expertise to serve the full range of individual and institutional investors' financial needs.

1 Company founded June 29, 1894.

The Bank Insurance & Securities Association (BISA) issued the 2026 Technology Innovation Award to recognize the advancement of the financial services industry's products, services and platforms through technology innovation. The BISA Awards Committee, comprised of members of the BISA Board of Directors, evaluated submissions based on the product/service advancement of the financial services industry. Ameriprise Financial received the 2026 BISA Technology Innovation Award for the technology features of the Ameriprise Signature Wealth Program, not the quality of the advisory services to clients. Ameriprise Financial received the 2025 BISA Technology Innovation Award for the PracticeTech® platform. Ameriprise Financial Institutions Group (Ameriprise Financial) received the 2024 BISA Technology Innovation Award for eMeeting technology. Ameriprise did not pay a fee to be evaluated for this rating or to publicly cite the results. For more information: https://www.bisanet.org/page/TechnologyAward.

Ameriprise Financial and BISA are not affiliated.

Investment products are not insured by the FDIC, NCUA or any federal agency, are not deposits or obligations of, or guaranteed by any financial institution, and involve investment risks including possible loss of principal and fluctuation in value.

Investment advisory products and services are made available through Ameriprise Financial Services, LLC, a registered investment adviser.

Securities offered by Ameriprise Financial Services, LLC. Member FINRA and SIPC.

© 2026 Ameriprise Financial, Inc. All rights reserved.

More News From Ameriprise Financial

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OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has assigned a Long-Term Issue Credit Rating of “a-” (Excellent) to Ameriprise Financial, Inc.'s (Ameriprise) (Minneapolis, MN) recently announced USD 300 million, 4.8% senior unsecured notes, due 2031, and the USD 450 million, 5.35% senior unsecured notes, due 2036. The outlook assigned to these Credit Ratings (ratings) is stable.Proceeds from the offering are being used for general corporate purposes, including the repayment of outstanding senior notes m.

Sirius XM Holdings exemplifies the "ideal" dividend dog, with dividends from $1k invested exceeding its share price, despite recent negative returns. Top 10 ReFa/Ro Dogs for February 2026 offer projected net gains of 15.5% to 57.43% by February 2027, based on analyst targets and high yields. All top 10 ReFa/Ro Dogs have share prices below projected annual dividends from $1k invested, aligning with the contrarian dividend dogcatcher strategy.

TULSA, Okla.--(BUSINESS WIRE)--Alliance Resource Partners, L.P. (NASDAQ: ARLP) will report its first quarter 2026 financial results before the market opens on Monday, April 27, 2026. Alliance management will discuss these results during a conference call beginning at 10:00 a.m. Eastern that same day.

To participate in the conference call, dial U.S. Toll Free (877) 407-0784 and request to be connected to the Alliance Resource Partners, L.P. earnings conference call. International callers should dial (201) 689-8560 and request to be connected to the same call. Investors may also listen to the call via the "Investors" section of ARLP’s website at www.arlp.com.

An audio replay of the conference call will be available for approximately one week. To access the audio replay, dial U.S. Toll Free (844) 512-2921; International Toll (412) 317-6671 and request to be connected to replay using access code 13759702.

About Alliance Resource Partners, L.P.

ARLP is a diversified energy company that is currently the second largest coal producer in the eastern United States, supplying reliable, affordable energy domestically and internationally to major utilities, metallurgical and industrial users. ARLP also generates operating and royalty income from mineral interests it owns in strategic coal and oil & gas producing regions in the United States. In addition, ARLP is positioning itself as a reliable energy partner for the future by pursuing opportunities that support the growth and development of energy and related infrastructure.

News, unit prices and additional information about ARLP, including filings with the Securities and Exchange Commission ("SEC"), are available at www.arlp.com. For more information, contact the investor relations department of ARLP at (918) 295-7673 or via e-mail at [email protected].

More News From Alliance Resource Partners, L.P.

Posted by Defense World Staff on Apr 16th, 2026

BCS Wealth Management grew its holdings in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP – Free Report) by 102.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,220 shares of the energy company’s stock after buying an additional 26,473 shares during the quarter. BCS Wealth Management’s holdings in Alliance Resource Partners were worth $1,213,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Sound Income Strategies LLC purchased a new stake in Alliance Resource Partners during the fourth quarter worth approximately $36,000. Northwestern Mutual Wealth Management Co. grew its stake in Alliance Resource Partners by 135.0% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,523 shares of the energy company’s stock worth $39,000 after buying an additional 875 shares during the period. Triumph Capital Management purchased a new stake in Alliance Resource Partners during the third quarter worth approximately $46,000. Halbert Hargrove Global Advisors LLC purchased a new stake in Alliance Resource Partners during the third quarter worth approximately $51,000. Finally, US Bancorp DE grew its stake in Alliance Resource Partners by 28.5% during the third quarter. US Bancorp DE now owns 2,570 shares of the energy company’s stock worth $65,000 after buying an additional 570 shares during the period. 18.11% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets Several equities research analysts have issued reports on the stock. Benchmark reiterated a “buy” rating on shares of Alliance Resource Partners in a research note on Tuesday, February 3rd. Zacks Research downgraded shares of Alliance Resource Partners from a “hold” rating to a “strong sell” rating in a research note on Monday, January 5th. Weiss Ratings downgraded shares of Alliance Resource Partners from a “buy (b-)” rating to a “hold (c)” rating in a research note on Monday, March 16th. Finally, Wall Street Zen downgraded shares of Alliance Resource Partners from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $29.50.

Read Our Latest Stock Report on Alliance Resource Partners

Alliance Resource Partners Trading Up 0.3% ARLP opened at $25.72 on Thursday. The stock has a market capitalization of $3.31 billion, a PE ratio of 10.72 and a beta of 0.31. Alliance Resource Partners, L.P. has a 12-month low of $22.20 and a 12-month high of $29.45. The firm’s fifty day moving average price is $26.87 and its 200 day moving average price is $25.18. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.10 and a quick ratio of 1.41.

Alliance Resource Partners (NASDAQ:ARLP – Get Free Report) last issued its earnings results on Monday, February 2nd. The energy company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.14. The company had revenue of $535.51 million for the quarter, compared to analysts’ expectations of $556.82 million. Alliance Resource Partners had a net margin of 14.18% and a return on equity of 18.41%. As a group, research analysts expect that Alliance Resource Partners, L.P. will post 2.72 EPS for the current fiscal year.

Alliance Resource Partners Announces Dividend The firm also recently announced a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, February 6th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 9.3%. The ex-dividend date of this dividend was Friday, February 6th. Alliance Resource Partners’s dividend payout ratio is 100.00%.

Alliance Resource Partners Company Profile (Free Report)

Alliance Resource Partners, L.P. (NASDAQ: ARLP) is a Tulsa, Oklahoma–based master limited partnership engaged in the production, marketing and transportation of bituminous coal. Through its subsidiaries, the company develops, owns and operates surface and underground coal mines, providing fuel primarily for electric power generation and various industrial applications. Alliance’s integrated business model covers the extraction of raw coal, processing at preparation plants and delivery to domestic and export customers.

The partnership operates multiple mining complexes across Illinois, Indiana, Kentucky and West Virginia.

See Also Five stocks we like better than Alliance Resource Partners

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Alliance stock is holding steady today. What should traders watch with ARLP? Q1 HighlightsAlliance reported adjusted earnings per share of 31 cents, missing the consensus estimate of $34 cents. In addition, it reported revenue of $516.01 million, beating the consensus estimate of $514.94 million, but representing a 4.5% year-over-year decline.

The company attributed the decline to lower coal sales pricing, partially offset by record oil and gas royalty revenues and higher coal sales volumes.

"Most of our coal operations performed better than expected during the quarter, however meaningful weather-related shipment disruptions relating to Winter Storm Fern delayed sales volumes for the quarter," said CEO Joseph W. Craft III.

Alliance ended the quarter with total liquidity of $431.2 million, including $28.9 million in cash and cash equivalents. 

Alliance declared a quarterly cash distribution of $0.60 per unit, equivalent to $2.40 on an annualized basis. 

Alliance Shares Edge LowerARLP Price Action: At the time of publication, Alliance shares are trading 0.52% lower at $24.77, according to data from Benzinga Pro.

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Alliance Resource Partners, L.P. Common Units (ARLP) Q1 2026 Earnings Call Transcript

Alliance Resource Partners (ARLP) generated enough cash to continue its $0.60 distribution. . Long-wall capital negatively impacted both production and revenue at one of its Illinois mines. The long-wall work will be completed in May.

Alliance Resource Partners is rated a cautious buy, offering a 9%+ yield, undemanding valuation, and improving balance sheet metrics. ARLP trades at 11.87x forward P/E and 5.2x EV/EBITDA, with a forward P/E dropping to 8.5x by 2028, supporting attractive risk/reward. Distribution coverage sits at 1.0x, with upside potential if coverage returns to 1.3x; payout is expected to hold at $0.60 per unit.

Alliance Resource Partners, L.P. Expands Oil & Gas Royalties Platform With $206 Million Acquisition Alliance Resource Partners, L.P. (NASDAQ: ARLP) ("ARLP" or the "Partnership") today announced that it has entered into definitive agreements to acquire certain general partner and limited partner interests in AllDale Minerals III, LP and AllDale Minerals IV, LP (collectively, “AllDale III & IV”) for approximately $206.2 million, subject to customary closing price adjustments.

The transaction implies an aggregate gross valuation for AllDale III & IV of approximately $410.0 million. The general partner and limited partner interests being sold by the third-party selling interest holders are valued at approximately $306.2 million, with $206.2 million of the interests to be acquired by ARLP and $100.0 million of the interests to be acquired by related parties of Joseph W. Craft III, ARLP’s Chairman, President and Chief Executive Officer.

The difference between the $410.0 million aggregate gross valuation and the $306.2 million value of interests being acquired reflects existing interests already owned by ARLP and related parties of Mr. Craft.

Upon closing, ARLP’s aggregate economic interest across AllDale III & IV is expected to increase from approximately 5% to 61% and ARLP, through a wholly owned subsidiary, is expected to own 100% of the general partner interests of AllDale III & IV, that will be non-economic post-closing.

The agreements provide for an effective date of April 1, 2026, and the transaction is expected to close during July 2026, subject to customary closing conditions. Given the participation in the transaction by related parties of Mr. Craft, the terms of the transaction were approved by the conflicts committee of the Board of Directors of ARLP's general partner, which is comprised entirely of independent directors.

AllDale III & IV Acquisition Highlights

AllDale III & IV hold approximately 48,500 net royalty acres (“NRAs”) across premier basins and resource plays including the Permian, Anadarko, Bakken, and Haynesville The Permian represents approximately 7,300 of the NRAs and 52% of 1Q26 total royalty revenue Average 1Q26 production of approximately 5,940 BOE per day in total and 3,665 BOE per day net to ARLP’s economic interests(1), consisting of 27% oil, 18% NGLs, and 55% natural gas Approximately 67% of 1Q26 total royalty revenue was generated from oil The acquisition further de-risks ARLP’s existing minerals portfolio via a gross core acreage expansion with limited overlap to ARLP’s existing royalty asset base Meaningfully enhances ARLP’s northern Delaware, Anadarko, and Bakken positions, increasing trailing-twelve-month new wells placed on production by 59%, 78%, and 91%, respectively Provides entry into the Haynesville, a key natural gas resource play supporting LNG export demand Implied acquisition multiple on the general partner and limited partner interests being acquired by ARLP of approximately 5.0x projected next-twelve-month Adjusted EBITDA, based on commodity strip pricing as of June 5, 2026, and inclusive of existing AllDale III & IV hedges to be assumed at closing Expected to be immediately accretive to ARLP’s free cash flow per unit, based on current assumptions ARLP’s acquisition is expected to be funded through a combination of cash on hand, borrowings under ARLP’s revolving credit facility, and a new debt facility at Alliance Minerals, LLC, a wholly owned subsidiary of ARLP Pro forma total leverage is expected to remain below 1.0x following the closing of the transaction Pro Forma ARLP Oil & Gas Royalties Segment Highlights

Upon closing the transaction, ARLP is expected to have:

Control of approximately 115,680 NRAs, with over 44,770 NRAs in the Permian Average 1Q26 production of approximately 17,295 BOE per day in total, and 14,285 BOE per day net to ARLP’s economic interests(1) Exposure to 59 gross active rigs across the pro forma portfolio, including 47 gross active rigs on Permian acreage (1) Net BOE per day attributable to ARLP’s economic interests represents ARLP’s acquired share of production after excluding noncontrolling interests.

Management Commentary

"This acquisition accelerates the continued growth of our Oil & Gas Royalties segment," said Mr. Craft. "The AllDale III & IV portfolio adds scale and development upside across multiple U.S. basins, anchored by a meaningful Permian position. It also expands our natural gas footprint with entry into the Haynesville, a resource play well-positioned to benefit from long-term LNG export demand growth."

Mr. Craft continued, "We believe this acquisition strengthens ARLP’s long-term royalty platform, broadens our exposure to high-quality operators and advances our long-term strategy of building a durable, cash-generating royalties business that complements our existing coal operations."

Cary Marshall, Senior Vice President and Chief Financial Officer, added, "The participation by related parties of Mr. Craft is expected to enhance the capital efficiency of the transaction for ARLP. We expect this structure will generate attractive risk-adjusted returns, maintain pro forma leverage below 1.0x, and preserve liquidity for future growth opportunities."

About Alliance Resource Partners, L.P.

ARLP is a diversified natural resource company that is currently the second largest coal producer in the eastern United States, supplying reliable, affordable energy domestically and internationally to major utilities, metallurgical and industrial users. ARLP also generates operating and royalty income from mineral interests it owns in strategic coal and oil & gas producing regions in the United States. In addition, ARLP is positioning itself as a reliable energy partner for the future by pursuing opportunities that support the growth and development of energy-related technologies and infrastructure.

News, unit prices and additional information about ARLP, including filings with the Securities and Exchange Commission (“SEC”), are available at www.arlp.com. For more information, contact the investor relations department of ARLP at (918) 295-7673 or via e-mail at [email protected].

The statements and projections used throughout this release are based on current expectations. These statements and projections are forward-looking, and actual results may differ materially. These projections do not include the potential impact of any mergers, acquisitions or other business combinations that may occur after the date of this release. We have included more information below regarding business risks that could affect our results.

FORWARD-LOOKING STATEMENTS: With the exception of historical matters, any matters discussed in this press release are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from projected results. Those forward-looking statements include expectations with respect to our future financial and operational performance, coal and oil & gas consumption and expected future prices, our ability to increase or maintain unitholder distributions in future quarters, business plans and potential growth with respect to our energy and infrastructure investments, optimizing cash flows, reducing operating and capital expenditures, infrastructure projects at our existing properties, growth in domestic electricity demand, preserving liquidity and maintaining financial flexibility, and our future repurchases of units. These risks to our ability to achieve these outcomes include, but are not limited to, the following: decline in the coal industry’s share of electricity generation, including as a result of environmental concerns related to coal mining and combustion, the cost and perceived benefits of other sources of electricity and fuels, such as oil & gas, nuclear energy, and renewable fuels and the retirement of coal-fired power plants in the U.S.; our ability to provide fuel for growth in domestic energy demand, should it materialize; changes in macroeconomic and market conditions and market volatility, and the impact of such changes and volatility on our financial position; changes in global economic and geo-political conditions or changes in industries in which our customers operate; changes in commodity prices, demand and availability which could affect our operating results and cash flows; impacts of geopolitical events, including the conflicts in Ukraine and in the Middle East; actions of the major oil-producing countries with respect to oil production volumes and prices and the direct and indirect impacts over the near and long term on oil & gas exploration and production operations at the properties in which we hold mineral interests; changes in competition in domestic and international coal markets and our ability to respond to such changes; potential shut-ins of production by the operators of the properties in which we hold oil & gas mineral interests due to low commodity prices or the lack of downstream demand or storage capacity; risks associated with the expansion of and investments into the infrastructure of our operations and properties, including the timing of such investments coming online; our ability to identify and complete acquisitions and to successfully integrate such acquisitions into our business and achieve the anticipated benefits therefrom; our ability to identify and invest in new energy and infrastructure ventures; the success of our development and growth plans for our wholly owned subsidiary, Matrix Design Group, LLC, and our investments in emerging and other infrastructure and technology companies; dependence on significant customer contracts, and failure of customers to renew existing contracts upon expiration; adjustments made in price, volume, or terms to existing coal supply agreements; the effects of and changes in trade, monetary and fiscal policies and laws, and the results of central bank policy actions including interest rates, bank failures, and associated liquidity risks; the effects of and changes in taxes or tariffs and other trade measures adopted or threatened by the United States and foreign governments, including the imposition of or increase in tariffs on steel and/or other raw materials; legislation, regulations, and court decisions and interpretations thereof, both domestic and foreign, including those relating to the environment and the release of greenhouse gases, such as state legislation seeking to impose liability on a wide range of energy companies under greenhouse gas “superfund” laws, mining, miner health and safety, hydraulic fracturing, and health care; deregulation of the electric utility industry or the effects of any adverse change in the coal industry, electric utility industry, or general economic conditions; investors’ and other stakeholders’ attention to sustainability matters; liquidity constraints, including those resulting from any future unavailability of financing; customer bankruptcies, cancellations or breaches to existing contracts, or other failures to perform; customer delays, failure to take coal under contracts or defaults in making payments; our productivity levels and margins earned on our coal sales; disruptions to oil & gas exploration and production operations at the properties in which we hold mineral interests; changes in equipment, raw material, service or labor costs or availability, including due to inflationary pressures or tariffs; changes in our ability to recruit, hire and maintain labor; our ability to maintain satisfactory relations with our employees; increases in labor costs, including increases in the costs of health insurance, adverse changes in work rules, or cash payments or projections associated with workers’ compensation claims; increases in transportation costs and risk of transportation delays or interruptions; operational interruptions due to geologic, permitting, labor, weather, supply chain shortage of equipment or mine supplies, or other factors; risks associated with major mine-related accidents, mine fires, mine floods or other interruptions; results of litigation, including claims not yet asserted; foreign currency fluctuations that could adversely affect the competitiveness of our coal abroad; difficulty maintaining our surety bonds for mine reclamation as well as workers’ compensation and black lung benefits; difficulty in making accurate assumptions and projections regarding post-mine reclamation as well as pension, black lung benefits, and other post-retirement benefit liabilities; uncertainties in estimating and replacing our coal mineral reserves and resources; uncertainties in estimating and replacing our oil & gas reserves; uncertainties in the amount of oil & gas production due to the level of drilling and completion activity by the operators of our oil & gas properties; the impact of current and potential changes to federal or state tax rules and regulations, including a loss or reduction of benefits from certain tax deductions and credits; difficulty obtaining commercial property insurance, and risks associated with our participation in the commercial insurance property program; evolving cybersecurity risks, such as those involving unauthorized access, denial-of-service attacks, malicious software, data privacy breaches by employees, insiders or others with authorized access, cyber or phishing attacks, ransomware, malware, social engineering, physical breaches, or other actions; and difficulty in making accurate assumptions and projections regarding future revenues and costs associated with equity investments in companies we do not control.

Additional information concerning these, and other factors can be found in ARLP’s public periodic filings with the SEC, including ARLP’s Annual Report on Form 10-K for the year ended December 31, 2025, filed on February 26, 2026, and ARLP’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, filed on May 8, 2026. Except as required by applicable securities laws, ARLP does not intend to update its forward-looking statements.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260608938219/en/

Allspring Global Investments Holdings LLC cut its position in shares of Patrick Industries, Inc. (NASDAQ:PATK – Free Report) by 21.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 58,587 shares of the construction company’s stock after selling 15,739 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.18% of Patrick Industries worth $6,470,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PATK. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Patrick Industries by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,302 shares of the construction company’s stock valued at $1,632,000 after purchasing an additional 851 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Patrick Industries by 5.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 70,446 shares of the construction company’s stock valued at $5,957,000 after purchasing an additional 3,748 shares during the last quarter. Strs Ohio bought a new stake in shares of Patrick Industries in the 1st quarter valued at approximately $42,000. Cetera Investment Advisers lifted its stake in shares of Patrick Industries by 64.8% in the 2nd quarter. Cetera Investment Advisers now owns 6,058 shares of the construction company’s stock valued at $559,000 after purchasing an additional 2,381 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in shares of Patrick Industries by 7.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 23,839 shares of the construction company’s stock valued at $2,200,000 after purchasing an additional 1,568 shares during the last quarter. 93.29% of the stock is owned by institutional investors.

Patrick Industries Price Performance Shares of PATK stock opened at $113.86 on Tuesday. Patrick Industries, Inc. has a 52-week low of $72.99 and a 52-week high of $148.50. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.80 and a current ratio of 2.51. The firm has a market capitalization of $3.77 billion, a P/E ratio of 29.12 and a beta of 1.35. The stock has a 50 day moving average price of $123.95 and a 200 day moving average price of $113.69.

Patrick Industries (NASDAQ:PATK – Get Free Report) last issued its quarterly earnings results on Thursday, February 5th. The construction company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.10. Patrick Industries had a return on equity of 13.28% and a net margin of 3.42%.The firm had revenue of $924.17 million during the quarter, compared to analyst estimates of $858.62 million. During the same period last year, the company earned $0.52 EPS. Patrick Industries’s quarterly revenue was up 9.2% compared to the same quarter last year. As a group, sell-side analysts predict that Patrick Industries, Inc. will post 5.33 earnings per share for the current year.

Patrick Industries Dividend Announcement The firm also recently declared a quarterly dividend, which was paid on Monday, March 9th. Investors of record on Monday, February 23rd were paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Monday, February 23rd. Patrick Industries’s dividend payout ratio (DPR) is currently 48.08%.

Analysts Set New Price Targets Several equities research analysts have recently issued reports on PATK shares. Wall Street Zen raised Patrick Industries from a “hold” rating to a “buy” rating in a research note on Saturday. KeyCorp reaffirmed an “overweight” rating and issued a $155.00 price objective (up from $135.00) on shares of Patrick Industries in a research note on Friday, February 6th. Benchmark reaffirmed a “buy” rating on shares of Patrick Industries in a research note on Friday, February 6th. Robert W. Baird set a $140.00 price objective on Patrick Industries in a research note on Friday, February 6th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $155.00 price objective on shares of Patrick Industries in a research note on Friday, February 6th. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.13.

View Our Latest Report on PATK

Insider Activity In related news, COO Hugo E. Gonzalez sold 13,514 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $113.10, for a total transaction of $1,528,433.40. Following the completion of the sale, the chief operating officer directly owned 33,864 shares of the company’s stock, valued at approximately $3,830,018.40. This trade represents a 28.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director M Scott Welch purchased 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The shares were acquired at an average cost of $113.68 per share, with a total value of $1,136,800.00. Following the completion of the purchase, the director directly owned 146,000 shares in the company, valued at $16,597,280. The trade was a 7.35% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders purchased 11,110 shares of company stock worth $1,289,895 and sold 20,121 shares worth $2,477,337. 4.40% of the stock is currently owned by insiders.

Patrick Industries Profile (Free Report)

Patrick Industries, Inc is a leading manufacturer and distributor of component products and building materials for the recreational vehicle (RV), manufactured housing, marine and industrial markets. The company supplies a broad array of interior and exterior products, including cabinetry, countertops, flooring, wall panels and decorative trim. Patrick Industries also offers engineered composites, adhesives, sealants and insulation solutions that cater to both original equipment manufacturers (OEMs) and aftermarket customers across North America.

Founded in 1959 and headquartered in Elkhart, Indiana, Patrick Industries began as a small distributor of hardwood and millwork products.

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, /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company") today announced that it will release its first quarter 2026 financial results before the market opens on Thursday, April 30, 2026.

Patrick Industries will host a conference call on Thursday, April 30, 2026 at 10:00 a.m. Eastern Time to discuss results and other business matters. Participation in the question-and-answer session of the call will be limited to institutional investors and analysts. The dial-in number for the live conference call is (877) 407-9036. Interested parties are invited to listen to a live webcast of the call on Patrick's website at www.patrickind.com under "Investors." A replay of the conference call will also be available via the Company's investor relations website.

About Patrick Industries, Inc.

Patrick (NASDAQ: PATK) is a leading component solutions provider serving original equipment manufacturers and aftermarket customers in the RV, Marine, Powersports and Housing markets. Since 1959, Patrick has empowered manufacturers and outdoor enthusiasts to achieve next-level recreation experiences. Our customer-focused approach brings together design, manufacturing, distribution, and transportation in a full solutions model that defines us as a trusted partner. Patrick is home to more than 85 leading brands, all united by a commitment to quality, customer service, and innovation. Headquartered in Elkhart, IN, Patrick employs more than 10,000 skilled team members throughout the United States. For more information on Patrick, our brands, and products, please visit www.patrickind.com.

Forward-Looking Statements

This press release contains certain statements related to future results, our intentions, beliefs and expectations or predictions for the future, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Any projections of financial performance or statements concerning expectations as to future developments should not be construed in any manner as a guarantee that such results or developments will, in fact, occur. There can be no assurance that any forward-looking statement will be realized or that actual results will not be significantly different from that set forth in such forward-looking statement. Information about certain risks that could affect our business and cause actual results to differ from those expressed or implied in the forward-looking statements are contained in the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2025, and in the Company's Forms 10-Q for subsequent quarterly periods, which are filed with the Securities and Exchange Commission ("SEC") and are available on the SEC's website at www.sec.gov. Each forward-looking statement speaks only as of the date of this press release, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances occurring after the date on which it is made.

Contact:

Steve O'Hara
Vice President of Investor Relations
[email protected]
574.294.7511

SOURCE Patrick Industries, Inc.

-

ELKHART, Ind.--(BUSINESS WIRE)--LCI Industries (NYSE: LCII) today confirmed that it is in discussions with Patrick Industries, Inc. (NASDAQ: PATK) regarding a possible merger of equals.

These discussions are ongoing, and there can be no assurances that such discussions will result in a transaction or on what terms any transaction may occur. LCI Industries does not intend to comment further unless and until it determines further disclosure is appropriate.

About LCI Industries

LCI Industries (NYSE: LCII), through its Lippert subsidiary, is a global leader in supplying engineered components to the outdoor recreation and transportation markets. We believe our innovative culture, advanced manufacturing capabilities, and dedication to enhancing the customer experience have established Lippert as a reliable partner for both OEM and aftermarket customers. For more information, visit www.lippert.com.

Forward-Looking Statements

This press release contains certain "forward-looking statements" with respect to a potential transaction and the anticipated timing, terms, and completion of any such transaction, and other matters. Statements in this press release that are not historical facts are "forward-looking statements" for the purpose of the safe harbor provided by Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended, and involve a number of risks and uncertainties.

Forward-looking statements are based on current expectations and assumptions and are subject to a number of factors, many of which are beyond the Company's control, which could cause actual results and events to differ materially from those described in the forward-looking statements. These factors include, in addition to other matters described in this press release, the possibility that no agreement will be reached, the required regulatory approvals may not be obtained, or that other conditions to a potential transaction may not be satisfied, and other risks and uncertainties discussed more fully under the caption "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2025, and in the Company's subsequent filings with the Securities and Exchange Commission. Readers of this press release are cautioned not to place undue reliance on these forward-looking statements, since there can be no assurance that these forward-looking statements will prove to be accurate. The Company disclaims any obligation or undertaking to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made, except as required by law.

More News From LCI Industries

Back to Newsroom

, /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company"), a leading component solutions provider for the Outdoor Enthusiast and Housing markets, today reported financial results for the first quarter ended March 29, 2026.

First Quarter 2026 Highlights (compared to First Quarter 2025 unless otherwise noted)

Net sales were $997 million compared to $1,003 million. Marine revenue growth of 14% and Powersports revenue growth of 28% were offset by lower revenue in the Company's RV and Housing markets, primarily reflecting lower wholesale industry unit shipments. Patrick's RV content per unit (on a trailing 12-month basis) increased 8%, while estimated Marine content per unit (on a trailing 12-month basis) grew 17%. Operating income was $65 million compared to $66 million. Operating margin was 6.5%, flat compared to the prior year period. Net income increased 3% to $39 million. Diluted earnings per share (EPS) was $1.10 compared to $1.11 in the prior year period. EPS includes the dilutive impact of convertible notes and related warrants of approximately $0.10 per share, compared to $0.05 in the prior year period. Adjusted EBITDA1 was $113 million compared to $116 million. Adjusted EBITDA margin1 was 11.4% compared to 11.5%. Cash flow used in operating activities was $14 million compared to cash provided by operating activities of $40 million in the prior year period. Free cash flow1, on a trailing twelve-month basis, was $194 million. Returned $31 million to shareholders in the first quarter of 2026, including $16 million through regular quarterly dividends and $15 million through share repurchases. During the second quarter through April 29, 2026, the Company repurchased approximately 153,100 shares for approximately $15 million. Total net liquidity was $734 million at the end of the first quarter; total net leverage ratio was 2.8x. On April 17, 2026, the Company confirmed that it is in discussions with LCI Industries (NYSE: LCII) regarding a potential merger of equals transaction. The Company provided no assurance that any transaction will result from these discussions nor provided any terms for a possible transaction. No further updates are available at this time. "I want to thank our team members for their dedication and commitment, as they continued to execute with focus to deliver resilient performance and demonstrate the strength and adaptability of our diversified business model in a challenging and uncertain macroeconomic environment," said Andy Nemeth, Chief Executive Officer. "Content gains were strong as a result of our team's tremendous focus on innovation and product solutions, and helped to offset shipment declines in our RV, Marine, and Manufactured Housing markets. The demand environment in the first quarter was influenced by macroeconomic and geopolitical headwinds and dealer ordering discipline. Against this backdrop, our team's ability to pivot quickly, combined with our customer-focused approach, enabled us to outperform in our Outdoor Enthusiast end markets."

Net sales were $997 million compared to $1,003 million in the first quarter of 2025. Revenue from the Company's Outdoor Enthusiast end markets, which include RV, Marine and Powersports, increased 2%, which was offset by a 6% decrease in revenue from its Housing end market. Content per wholesale RV unit (on a trailing 12-month basis) increased 8%, partially offsetting a 12% reduction in wholesale RV industry unit shipments, while estimated content per wholesale powerboat unit (on a trailing 12-month basis) increased 17%, which more than offset an estimated 7% decline in wholesale industry unit shipments.

Operating income was $65 million compared to $66 million in the first quarter of 2025. Operating margin of 6.5% was unchanged versus the same period a year ago.

Net income increased 3% to $39 million, or $1.10 per diluted share, compared to $38 million, or $1.11 per diluted share in the first quarter of 2025. EPS in the first quarter of 2026 includes approximately $0.10 of dilution from the Company's convertible notes and related warrants compared to $0.05 in the prior year period.

Jeff Rodino, President, said, "RV OEM adoption of our composite solutions continues to gain traction as we expand our capabilities and product lineup to meet evolving customer needs. On the Marine side, the growth in content per unit reflects our strong performance in the last model-year changeover and the impact of recent marine-related acquisitions. Additionally, attachment rates within our Powersports business have continued to grow, as OEMs have increasingly adopted the Sportech cab enclosures. Across our businesses, we remain committed to delivering the value-added products, services, and solutions our customers expect."

First Quarter 2026 Revenue by Market Sector
(compared to First Quarter 2025 unless otherwise noted)

RV (45% of Revenue)

Revenue of $446 million decreased 7% while wholesale RV industry unit shipments decreased 12%. Content per wholesale RV unit (on a trailing twelve-month basis) increased 8% to $5,277 when compared to the prior year period and increased 2% when compared to the fourth quarter of 2025. Marine (17% of Revenue)

Revenue of $170 million increased 14% while estimated wholesale powerboat industry unit shipments decreased 7%.  Estimated content per wholesale powerboat unit (on a trailing twelve-month basis) increased 17% to $4,657 when compared to the prior year period and increased 6% when compared to the fourth quarter of 2025. Powersports (10% of Revenue)

Revenue of $104 million increased 28% primarily reflecting higher attachment rates for Patrick's premium utility vehicle content. Housing (28% of Revenue, comprised of Manufactured Housing ("MH") and Industrial)

Revenue of $277 million decreased 6%; estimated wholesale MH industry unit shipments decreased 11%; total housing starts increased 1%. Estimated content per wholesale MH unit (on a trailing twelve-month basis) was $6,636, or flat, when compared to the prior year period and the fourth quarter of 2025. Balance Sheet, Cash Flow and Capital Allocation

For the first three months of 2026, cash used in operating activities was $14 million compared to cash provided by operating activities of $40 million for the prior year period, primarily due to a larger increase in working capital investment compared to the first quarter of 2025, largely reflecting a deliberate effort to increase inventory in alignment with the Company's composite products growth strategy. Purchases of property, plant and equipment totaled $19 million in the first quarter of 2026, reflecting continued investment in automation and facility enhancements, which support the Company's ongoing innovation initiatives. On a trailing twelve-month basis, free cash flow1 through the first quarter of 2026 was $194 million compared to $251 million in the prior year period.

Patrick returned $31 million to shareholders during the first three months of 2026, including $16 million through dividends and $15 million for the repurchase of approximately 127,700 shares of the Company's common stock. At the end of the first quarter, the Company had unused capacity of $153 million under its current share repurchase plan. During the second quarter through April 29, 2026, the Company repurchased approximately 153,100 shares for a total of approximately $15 million.

Total debt at the end of the first quarter was approximately $1.4 billion, resulting in a total net leverage ratio of 2.8x (as calculated in accordance with the Company's credit agreement). Available liquidity, comprised of borrowing availability under the Company's credit facility and cash on hand, was approximately $734 million.

Business Outlook and Summary

"As we continue to navigate the dynamic demand environment in 2026, our team remains focused and our strategic direction is clear," continued Mr. Nemeth. "We are confident in our ability to execute on the strategic priorities we have outlined, including investing in and developing our aftermarket platform, driving organic growth, composite product innovation and adoption, execution of our disciplined M&A strategy, and the deployment of capital to support long-term value creation for our customers, employees and shareholders. Supported by our consistent cash flow and strong balance sheet, we remain engaged with our robust pipeline of acquisition candidates, focused on partnering with businesses that enhance our product portfolio, committed to deepening customer relationships, and aligned with our growth objectives. Additionally, we are making prudent organic investments in technology and advanced manufacturing capabilities, including AI-driven tools that are enhancing the visibility and efficiency of our decentralized business structure. We believe that reinvestment throughout the cycle is critical to maintaining our operational resilience and strong market position, while enhancing our ability to drive long-term profitable growth."

1

See additional information at the end of this release regarding non-GAAP financial measures.

Conference Call Webcast

Patrick Industries will host an online webcast of its first quarter 2026 earnings conference call that can be accessed on the Company's website, www.patrickind.com, under "Investors," on Thursday, April 30, 2026 at 10:00 a.m. Eastern Time. A replay will also be available following the call. In addition, a supplemental earnings presentation can be accessed on the Company's website, www.patrickind.com, under "Investors."

About Patrick Industries, Inc.

Patrick (NASDAQ: PATK) is a leading component solutions provider serving original equipment manufacturers and aftermarket customers in the RV, Marine, Powersports and Housing markets. Since 1959, Patrick has empowered manufacturers and outdoor enthusiasts to achieve next-level recreation experiences. Our customer-focused approach brings together design, manufacturing, distribution, and transportation in a full solutions model that defines us as a trusted partner. Patrick is home to more than 85 leading brands, all united by a commitment to quality, customer service, and innovation. Headquartered in Elkhart, IN, Patrick employs more than 10,000 skilled team members throughout the United States. For more information on Patrick, our brands, and products, please visit www.patrickind.com.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains certain statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are forward-looking in nature. The forward-looking statements are based on current expectations and our actual results may differ materially from those projected in any forward-looking statement. There can be no assurance that any forward-looking statement will be realized or that actual results will not be significantly different from that set forth in such forward-looking statement. Factors that could cause actual results to differ materially from those in forward-looking statements included in this press release include, without limitation: adverse economic and business conditions, including cyclicality and seasonality in the industries we sell our products and inflationary pressures; the financial condition of our customers or suppliers; the loss of a significant customer; changes in consumer preferences; declines in the level of unit shipments or reduction in growth in the markets we serve; the availability of retail and wholesale financing for RVs, watercraft and powersports products, and residential and manufactured homes; pricing pressures due to competition; costs and availability of raw materials, commodities and energy and transportation; supply chain issues, including financial problems of manufacturers, dealers or suppliers and shortages of adequate materials or manufacturing capacity; the challenges and risks associated with doing business internationally; challenges and risks associated with importing products, such as the imposition of duties, tariffs or trade restrictions, changes in international trade relationships or governmental policies, including the imposition of price caps, or the imposition of trade restrictions or tariffs on any materials or products used in the operation of our business; the ability to manage our working capital, including inventory and inventory obsolescence; the availability and costs of labor and production facilities and the impact of labor shortages; fuel shortages or high prices for fuel; any interruptions or disruptions in production at one of our key facilities; challenges with integrating acquired businesses; the impact of the consolidation and/or closure of all or part of a manufacturing or distribution facility; an impairment of assets, including goodwill and other long-lived assets; an inability to attract and retain qualified executive officers and key personnel; the effects of union organizing activities; the impact of governmental and environmental regulations, and our inability to comply with them; changes to federal, state, local or certain international tax regulations; unusual or significant litigation, governmental investigations, or adverse publicity arising out of alleged defects in products, services, perceived environmental impacts, or otherwise; public health emergencies or pandemics, such as the COVID-19 pandemic; our level of indebtedness; our inability to comply with the covenants contained in our senior secured credit facility; an inability to access capital when needed; the settlement or conversion of our notes; fluctuations in the market price for our common stock; an inability of our information technology systems to perform adequately; any disruptions in our business due to an IT failure, a cyber-incident or a data breach; any adverse results from our evaluation of our internal controls over financial reporting under Section 404 of the Sarbanes-Oxley Act of 2002; certain provisions in our Articles of Incorporation and Amended and Restated By-laws that may delay, defer or prevent a change in control; adverse conditions in the insurance markets; and the impact on our business resulting from wars and military conflicts, such as war in Ukraine and evolving conflict in the Middle East, including, but not limited to conflict with Iran.

The Company does not undertake to publicly update or revise any forward-looking statements. Information about certain risks that could affect our business and cause actual results to differ from those expressed or implied in the forward-looking statements are contained in the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2025, and in the Company's Forms 10-Q for subsequent quarterly periods, which are filed with the Securities and Exchange Commission ("SEC") and are available on the SEC's website at www.sec.gov. Each forward-looking statement speaks only as of the date of this press release, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances occurring after the date on which it is made.

Contact:

Steve O'Hara
Vice President of Investor Relations
[email protected]
574.294.7511

PATRICK INDUSTRIES, INC.

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited)

First Quarter Ended

(In thousands, except per share data)

March 29,
2026

March 30,
2025

Net sales

$       997,172

$     1,003,420

 Cost of goods sold

770,312

774,829

Gross profit

226,860

228,591

 Operating Expenses:

     Warehouse and delivery

45,032

44,582

     Selling, general and administrative

93,096

93,931

     Amortization of intangible assets

24,010

24,509

           Total operating expenses

162,138

163,022

Operating income

64,722

65,569

     Interest expense, net

18,388

19,112

 Income before income taxes

46,334

46,457

     Income taxes

6,854

8,219

Net income

$         39,480

$         38,238

Basic earnings per common share

$            1.21

$            1.17

Diluted earnings per common share

$            1.10

$            1.11

Weighted average shares outstanding - Basic

32,494

32,671

Weighted average shares outstanding - Diluted

36,047

34,416

PATRICK INDUSTRIES, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)

($ in thousands)

March 29, 2026

December 31, 2025

ASSETS

Current Assets:

Cash and cash equivalents

$                37,472

$                26,432

Trade and other receivables, net

285,379

185,405

Inventories

626,069

595,265

Prepaid expenses and other

65,792

66,020

Total current assets

1,014,712

873,122

Property, plant and equipment, net

413,991

408,502

Operating lease right-of-use assets

216,083

199,087

Goodwill and intangible assets, net

1,561,248

1,582,662

Other non-current assets

12,409

12,801

Total assets

$            3,218,443

$            3,076,174

LIABILITIES AND SHAREHOLDERS' EQUITY

Current Liabilities:

Current maturities of long-term debt

$                  6,250

$                  6,250

Current operating lease liabilities

57,232

54,956

Accounts payable

217,645

192,448

Accrued liabilities

92,463

94,412

Other current liabilities

430

424

Total current liabilities

374,020

348,490

Long-term debt, less current maturities, net

1,378,433

1,282,821

Long-term operating lease liabilities

163,753

148,889

Deferred tax liabilities, net

100,669

96,875

Other long-term liabilities

13,198

14,802

Total liabilities

2,030,073

1,891,877

Total shareholders' equity

1,188,370

1,184,297

Total liabilities and shareholders' equity

$            3,218,443

$            3,076,174

PATRICK INDUSTRIES, INC.      

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

Three Months Ended

($ in thousands)

March 29, 2026

March 30, 2025

Cash flows from operating activities

Net income

$                39,480

$                38,238

Depreciation and amortization

42,777

42,646

Stock-based compensation expense

5,978

5,249

Deferred income taxes

3,794

(5,737)

Other adjustments to reconcile net income to net cash provided by operating activities

879

1,232

Change in operating assets and liabilities, net of acquisitions of businesses

(106,916)

(41,551)

Net cash (used in) provided by operating activities

(14,008)

40,077

Cash flows from investing activities

Purchases of property, plant and equipment

(18,926)

(20,171)

Business acquisitions and other investing activities

(7,010)

(45,915)

Net cash used in investing activities

(25,936)

(66,086)

Net cash flows provided by financing activities

50,984

79,009

Net increase in cash and cash equivalents

11,040

53,000

Cash and cash equivalents at beginning of year

26,432

33,561

Cash and cash equivalents at end of period

$                37,472

$                86,561

PATRICK INDUSTRIES, INC.
Earnings Per Common Share (Unaudited)

The table below illustrates the calculation of earnings per common share:

First Quarter Ended

(in thousands, except per share data)

March 29,
2026

March 30,
2025

Numerator:

Net income attributable to common shares

$         39,480

$         38,238

Denominator:

Weighted average common shares outstanding - basic

32,494

32,671

Weighted average impact of potentially dilutive convertible notes

1,885

1,067

Weighted average impact of potentially dilutive warrants

1,396

395

Weighted average impact of potentially dilutive securities

272

283

Weighted average common shares outstanding - diluted

36,047

34,416

Earnings per common share:

Basic earnings per common share

$            1.21

$            1.17

Diluted earnings per common share

$            1.10

$            1.11

PATRICK INDUSTRIES, INC.
Non-GAAP Reconciliation (Unaudited)

Use of Non-GAAP Financial Metrics

In addition to reporting financial results in accordance with U.S. GAAP, the Company also provides financial metrics, such as net leverage ratio, content per unit, free cash flow, earnings before interest, taxes, depreciation and amortization ("EBITDA"), adjusted EBITDA, adjusted net income, adjusted diluted earnings per share ("adjusted diluted EPS"), adjusted operating margin, adjusted EBITDA margin and available liquidity, which we believe are important measures of the Company's business performance. These metrics should not be considered alternatives to U.S. GAAP. Our computations of net leverage ratio, content per unit, free cash flow, EBITDA, adjusted EBITDA, adjusted net income, adjusted diluted EPS, adjusted operating margin, adjusted EBITDA margin and available liquidity may differ from similarly titled measures used by others. Content per unit metrics are generally calculated using our market sales divided by Company estimates based on third-party measures of industry volume. We calculate EBITDA by adding back depreciation and amortization, net interest expense, and income taxes to net income. We calculate adjusted EBITDA by taking EBITDA and adding back stock-based compensation, loss on sale of property, plant and equipment, acquisition related transaction costs, acquisition related fair-value inventory step-up adjustments and subtracting out the gain on sale of property, plant and equipment. Adjusted net income is calculated by removing the impact of acquisition related transaction costs, net of tax, and acquisition related fair-value inventory step-up adjustments, net of tax. Adjusted diluted EPS is calculated as adjusted net income divided by our weighted average shares outstanding. Adjusted operating margin is calculated by removing the impact of acquisition related transaction costs and acquisition related fair-value inventory step-up adjustments. We calculate free cash flow by subtracting cash paid for purchases of property, plant and equipment from net cash provided by operating activities. RV wholesale unit shipments are provided by the RV Industry Association. Marine wholesale unit shipments are Company estimates based on data provided by the National Marine Manufacturers Association. MH wholesale unit shipments are Company estimates based on data provided by the Manufactured Housing Institute. Housing starts are provided by the U.S. Census Bureau. You should not consider these metrics in isolation or as substitutes for an analysis of our results as reported under U.S. GAAP.

The following table reconciles net income to EBITDA, adjusted EBITDA and margins:

First Quarter Ended

($ in thousands)

March 29,
2026

% of Net
Sales

March 30,
2025

% of Net
Sales

Net income

$         39,480

4.0 %

$         38,238

3.8 %

+

Depreciation & amortization

42,777

4.3 %

42,646

4.3 %

+

Interest expense, net

18,388

1.8 %

19,112

1.9 %

+

Income taxes

6,854

0.7 %

8,219

0.8 %

EBITDA

107,499

10.8 %

108,215

10.8 %

+

Stock-based compensation

5,978

0.6 %

5,249

0.5 %

+

Acquisition related transaction costs

—

— %

64

— %

-

(Gain) loss on sale of property, plant and equipment

(155)

— %

2,042

0.2 %

Adjusted EBITDA

$        113,322

11.4 %

$        115,570

11.5 %

The following table reconciles cash flow from operations to free cash flow on a trailing twelve-month basis:

Trailing Twelve Months Ended

($ in thousands)

March 29, 2026

March 30, 2025

Cash flows from operating activities

$               275,329

$               331,742

Less: purchases of property, plant and equipment

(81,676)

(80,358)

Free cash flow

$               193,653

$               251,384

The following table reconciles operating margin to adjusted operating margin:

First Quarter Ended

March 29,
2026

March 30,
2025

Operating margin

6.5 %

6.5 %

Acquisition related transaction costs

— %

— %

Adjusted operating margin

6.5 %

6.5 %

The following table reconciles net income to adjusted net income and diluted earnings per common share to adjusted diluted earnings per common share:

First Quarter Ended

($ in thousands, except per share data)

March 29,
2026

March 30,
2025

Net income

$         39,480

$         38,238

+

Acquisition related transaction costs

—

64

-

Tax impact of adjustments

—

(16)

Adjusted net income

$         39,480

$         38,286

Diluted earnings per common share

$            1.10

$            1.11

Acquisition related transaction costs, net of tax

—

—

Adjusted diluted earnings per common share

$            1.10

$            1.11

SOURCE Patrick Industries, Inc.

Patrick Industries (PATK - Free Report) reported $997.17 million in revenue for the quarter ended March 2026, representing a year-over-year decline of 0.6%. EPS of $1.10 for the same period compares to $1.11 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $1.01 billion, representing a surprise of -0.83%. The company delivered an EPS surprise of +2.16%, with the consensus EPS estimate being $1.08.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

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 Patrick Industries performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Net Sales by Market type- Recreational Vehicle: $446 million versus $479.67 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -6.9% change.Net Sales by Market type- Marine: $170 million versus the three-analyst average estimate of $153.3 million. The reported number represents a year-over-year change of +14.1%.Net Sales by Market type- Powersports: $104 million versus $85.63 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +28.5% change.Net Sales by Market type- Housing: $277 million compared to the $290.5 million average estimate based on two analysts.View all Key Company Metrics for Patrick Industries here>>>

Shares of Patrick Industries have returned -17.4% over the past month versus the Zacks S&P 500 composite's +12.2% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.