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Thomas J. McInerney, President & CEO, to Retire December 31, 2026

Jerome Upton Named President & CEO, Angela Simmons Named CFO, Effective January 1, 2027

RICHMOND, Va.--(BUSINESS WIRE)--Genworth Financial, Inc. (NYSE: GNW) today announced that Tom McInerney has notified the Board of Directors of his decision to retire as President & Chief Executive Officer and step down from Genworth’s Board of Directors, effective December 31, 2026. At that time, the Board of Directors expects to name Jerome Upton, currently Genworth’s Chief Financial Officer, as President and CEO and appoint him to Genworth’s Board of Directors. Angela Simmons, currently Chief Financial Officer of Genworth’s Closed Block, is expected to become Executive Vice President and Chief Financial Officer.

“On behalf of the Board, I want to thank Tom for his outstanding leadership and commitment to Genworth,” said Melina Higgins, Chair of Genworth’s Board of Directors. “During his tenure, Genworth significantly strengthened its financial foundation, delivered substantial value to shareholders, and advanced a vision for the future of the company in CareScout. The Board is confident that Jerome will carry this strong progress forward. Jerome’s deep knowledge of Genworth, broad leadership experience, and integral role in shaping our strategy make him the right leader to guide the next chapter for the company.”

“I am grateful for the Board’s confidence and honored to lead Genworth in this new chapter,” said Upton. “Over the past 28 years, I have developed a deep appreciation and understanding of our people, our businesses, and the customers who depend on us. I look forward to building on the strong foundation we established under Tom’s leadership, executing our strategy with discipline, and working every day to create long-term value for our customers, shareholders, and associates.”

“It has been a privilege to lead Genworth over the past 14 years and work with such talented and dedicated people,” said McInerney. “I am very proud of the progress we have made together—from strengthening our financial position and returning capital to shareholders to addressing the challenges of our legacy long-term care business and launching CareScout. Jerome has been a trusted partner in this work, and I believe he, Angela, and the broader management team will continue to position Genworth for long-term success.”

Jerome Upton has been with the company and its predecessors since 1998 and has served as Genworth’s CFO since March 2023. Over that time, he has held several executive leadership roles in finance and operations across different business lines and geographies. Jerome’s contributions have been integral in developing Genworth’s strategy, and he has worked closely with Tom to drive the company’s improved financial and operating position.

Angela Simmons has been with Genworth since 2002, holding leadership roles spanning capital markets, SEC reporting, controllership and finance. Prior to becoming the Closed Block CFO in 2020, Angela served as Controller for U.S. Life Insurance and spent more than a decade leading Genworth’s SEC Reporting function. She played an integral role in ensuring Genworth’s financial strength over time and maintaining the self-sustainability of its Closed Block.

About Genworth Financial
Genworth Financial, Inc. (NYSE: GNW) is a publicly traded holding company headquartered in Richmond, Virginia. Through its family of brands—including CareScout, Genworth, and Enact—Genworth uses its more than 150 years of experience to help families navigate the aging journey with clarity and confidence, offering guidance, products, and services that support caregiving decisions, long-term care planning, and the financial challenges of aging. Genworth is the majority owner of Enact Holdings, Inc. (Nasdaq: ACT), a leading U.S. mortgage insurance provider. For more information, visit https://www.genworth.com.

Cautionary Note Regarding Forward Looking Statements
This release contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward looking statements may be identified by words such as “expects,” “intends,” “anticipates,” “plans,” “believes,” “seeks,” “estimates,” “will,” “may” or words of similar meaning and include, but are not limited to, statements regarding the outlook for the company’s future business and financial performance. Forward-looking statements are based on management’s current expectations and assumptions, which are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Actual outcomes and results may differ materially from those in the forward-looking statements or views expressed in this press release. These risks and uncertainties include, but are not limited to, those disclosed in the risk factor section of Genworth’s Annual Report on Form 10-K, filed with the U.S. Securities and Exchange Commission (SEC) on February 27, 2026. Genworth undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required under applicable securities laws

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Golden Cross Alert: 3 Stocks With Major Upside PotentialDarling Ingredients NYSE: DAR reported third-quarter 2026 net income of $267 million, or $1.67 per diluted share, compared with $19 million, or $0.12 per share, a year earlier, as contributions from its Global Ingredients operations and Diamond Green Diesel increased earnings and cash flow.

Third-quarter net sales rose to $1.8 billion from $1.6 billion in the prior-year period. Combined adjusted EBITDA totaled approximately $514 million, compared with $245 million in the third quarter of 2025. The total included about $310 million from the Global Ingredients business and $204 million from Darling’s share of Diamond Green Diesel, according to Chairman and Chief Executive Officer Randall C. Stuewe.

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Darling Ingredients In Buy Range After Q2 Earnings ReportFor the first nine months of 2026, Darling posted net income of $789 million, or $4.91 per diluted share, on sales of $5.1 billion. Combined adjusted EBITDA for the nine-month period exceeded $1.6 billion, up from $690 million a year earlier.

Balance Sheet Improves as Cash Flow Increases The company reduced net debt by approximately $420 million during the quarter and repurchased about $76 million of shares. Its leverage ratio improved to roughly 1.7 times at quarter-end, compared with 2.9 times at the end of 2025, Chief Financial Officer Bob Day said.

The 10 Top-Rated Stocks by Wall Street Analysts in August 2021Darling received approximately $170 million in cash from Diamond Green Diesel during the quarter, including roughly $33 million in dividends and $138 million from production tax credit sales. Day said the core business generated more than $300 million in cash through current earnings, the sale of most non-core grease trap assets, and the sale of its European casings business.

The company reaffirmed full-year 2026 combined adjusted EBITDA guidance of $2.2 billion to $2.3 billion. Stuewe said Darling remains on track to reduce net debt to $3 billion or less by year-end, with additional production tax credit monetizations expected in the fourth quarter.

Management said it expects its 2026 effective tax rate to be about 25%, with approximately $35 million of cash taxes expected for the remainder of the year.

Timing and Accounting Items Affected Core Results While Global Ingredients generated approximately $310 million of adjusted EBITDA in the quarter, Day said sequential results were affected by increased long-term incentive accruals and inventory-related accounting adjustments expected to reverse, at least in part, during the fourth quarter.

About $15 million was tied to the deferral of half the profit on Darling feedstock sold to Diamond Green Diesel. Because Darling owns 50% of the joint venture, accounting rules require the company to defer half of the margin until the feedstock is processed into fuel and sold by the venture. Day said that deferred profit should return to Darling’s results when the associated fuel is sold in the fourth quarter.

A lower-of-cost-or-market adjustment in the Feed Segment also weakened late in the quarter because an unusually high volume of products remained in transit at quarter-end. Combined with other timing items, the effects totaled approximately $30 million, Day said. Excluding those effects, core ingredients EBITDA was at the high end of the company’s prior guidance, at around $340 million.

Darling said protein demand and prices remained strong, while it expects fat prices to strengthen in the fourth quarter. Stuewe said tariffs in Canada and Brazil continue to challenge some trade flows, though the company is working to develop alternative markets. In the Food Segment, strong collagen sales in China partially offset tariff-related pressure on South American shipments.

The company also said its Nextida collagen portfolio continued to gain repeat and new orders. Darling recently launched NxCogni, a collagen product aimed at mental clarity and cognitive resilience. Its planned joint venture with Tessenderlo continues through the regulatory process, with a targeted closing in the first quarter of 2027.

Diamond Green Diesel Volumes and Margins Diamond Green Diesel sold 315 million gallons during the third quarter and generated Darling’s share of EBITDA of $204 million, equivalent to an average margin of approximately $1.30 per gallon. That compared with a $2.9 million loss for Darling’s share in the year-earlier quarter.

Management attributed the difference between realized margins and higher replacement margins to several temporary factors, including hedging losses on feedstock that had not yet been converted into fuel, lower production tax credit capture from a heavier use of foreign feedstocks, declining RIN values during the quarter, and a short-term third-party hydrogen outage in the Gulf Coast.

The hydrogen outage reduced production volumes, with Diamond Green Diesel producing below the company’s prior 335 million-gallon expectation. Management expects the venture to produce approximately 325 million gallons in the fourth quarter.

Day said the feedstock hedge losses should reverse when associated products are sold, either through higher renewable diesel or sustainable aviation fuel prices and margins or through cash returns if futures prices decline. He also said production tax credit value should improve as the company returns to a more typical domestic feedstock mix.

Management said fourth-quarter replacement margins are strong and that Diamond Green Diesel is realizing margins closer to spot-market conditions. Stuewe said the company expects Diamond Green Diesel’s full-year performance to reflect capture of roughly $1.50 to $2 per gallon on about 1.2 billion gallons.

Capital Allocation and Policy Outlook During the question-and-answer session, Stuewe said management and the board are considering the company’s financial policy once net debt reaches approximately $2.5 billion. Possible uses of excess cash could include additional share repurchases or a dividend, though no decision has been made.

Management also discussed the regulatory outlook for renewable fuels. Day said the company expects the Environmental Protection Agency to complete its supplemental Set 2 ruling and small-refinery-exemption reallocation process before advancing its Set 3 rulemaking. He said Darling expects the Set 3 process to begin after that, potentially resulting in a rule by the middle of next year covering two or three years, with management favoring a longer period for greater market certainty.

About Darling Ingredients (NYSE:DAR)Darling Ingredients Inc NYSE: DAR is a global developer and producer of sustainable ingredients and renewable energy solutions. The company collects and transforms animal by-products, used cooking oil, food waste and other organic materials into value-added products, helping divert waste from landfills and recover materials for reuse.

Its products include fats, proteins, meals, collagen, gelatin and specialty ingredients used in animal feed, pet food, food, pharmaceuticals and industrial applications.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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The consumer packaged goods company on Friday said it has firmed up its sales growth target to 0.5%, within its previous guidance range of between flat and 1% growth.

SUMMIT, N.J.--(BUSINESS WIRE)--Kenvue Inc. (NYSE: KVUE) today announced financial results for the fiscal third quarter ended September 27, 2026.

“We are pleased to have delivered our fourth consecutive quarter of net and organic sales growth, with strong performance in Self Care and Essential Health, along with margin expansion and strong cash generation,” said Kirk Perry, Chief Executive Officer. “Our results reflect continued momentum from disciplined execution, ongoing productivity initiatives, and investment in our brands and innovation. We are strongly on track to deliver our business transformation that we began last year. I want to thank our entire organization for their dedication to delighting our consumers and customers, disciplined execution, and delivering what was promised.”

Perry continued, “As we near the completion of our value-creating combination with Kimberly-Clark and bring together our two companies, the team is excited about the opportunities ahead.”

Third Quarter Summary

Net sales increased 3.2% vs the prior year period, reflecting Organic sales growth of 2.9% and a foreign currency benefit of 0.3%. Gross profit margin was 59.5% vs 59.1% in the prior year period. Adjusted gross profit margin1 was 61.5% vs 61.2% in the prior year period. Operating income margin was 18.2% vs 16.7% in the prior year period. Adjusted operating income margin1 was 21.9% vs 21.5% in the prior year period. Diluted earnings per share were $0.22 vs $0.21 in the prior year period. Adjusted diluted earnings per share1 were $0.29 vs $0.28 in the prior year period. Due to the pending transaction with Kimberly-Clark, the Company will not be providing forward-looking guidance. Third Quarter 2026 Financial Results

Net Sales and Organic Sales

Third quarter 2026 Net sales increased 3.2% vs the prior year period, primarily reflecting Organic sales growth of 2.9% and a foreign currency benefit of 0.3%. Organic sales growth was driven by volume growth of 1.6% and favorable value realization of 1.3%.

Gross Profit Margin and Operating Income Margin

Third quarter 2026 Gross profit margin was 59.5% vs 59.1% in the prior year period. Adjusted gross profit margin was 61.5% vs 61.2% in the prior year period. The year-over-year change in both measures primarily reflects savings from productivity gains attributable to our global supply chain optimization initiatives, U.S. tariff refunds, and favorable value realization, partially offset by the impact from inflation as well as unfavorable transactional foreign exchange.

Third quarter 2026 Operating income margin was 18.2% vs 16.7% in the prior year period. Third quarter 2026 Adjusted operating income margin was 21.9% vs 21.5% in the prior year period. The year-over-year change in both measures reflects the year-over-year change in Gross profit margin and Adjusted gross profit margin, as well as savings from our cost optimization actions, including the 2026 Restructuring Initiative and Our Vue Forward, partially offset by a year-over-year increase in brand support.

Interest Expense, Net and Taxes

Third quarter 2026 Interest expense, net was $89 million vs $93 million in the prior year period.

Third quarter Effective tax rate was 29.4% vs 24.3% in the prior year period. The Adjusted effective tax rate1 was 24.7% in the current period vs 24.0% in the prior year period. The year-over-year increase in both measures largely reflects a reduction in favorable discrete return-to-provision adjustments as compared to the prior year, partially offset by the impact of tax law changes.

Net Income Per Share (“Earnings Per Share”)

Third quarter 2026 Diluted earnings per share were $0.22 vs $0.21 in the prior year period. Adjusted diluted earnings per share were $0.29 in the current period vs $0.28 in the prior year period.

Third Quarter 2026 Business Segment Results

Self Care

Third quarter 2026 Net sales increased 5.9% vs the prior year period, reflecting Organic sales growth of 5.4% and a foreign currency benefit of 0.5%. Organic sales growth was driven by a volume increase of 3.4% and favorable value realization of 2.0%. Organic sales increased in Asia Pacific (“APAC”), benefiting from favorable inventory-related comparisons following prior year trade inventory depletion, while strong innovation and commercial execution in Pain Care enabled Motrin® to outperform the market as the region experienced rising flu incidences. Smoking Cessation delivered low double-digit Organic sales growth in the quarter, led by Europe, Middle East, and Africa (“EMEA”) and APAC, reflecting strong demand and commercial execution for Nicorette®. Pepcid® continued to outperform the category, benefitting from strong commercial and innovation-led initiatives. In the U.S., consumption trends improved sequentially, and Tylenol® gained market share despite lower seasonal incidences versus the prior year period and continued category softness.

Skin Health and Beauty

Third quarter 2026 Net sales increased 0.1% vs the prior year period, reflecting Organic sales decline of 0.5% and a foreign currency benefit of 0.6%. Organic sales decline was driven by a volume decrease of 1.7%, partially offset by favorable value realization of 1.2%. Organic sales declined vs the prior year period reflecting distribution losses and timing of promotions in the U.S. and the impact of retailer negotiations in Europe. Hair Care was a key growth driver during the quarter, delivering low double-digit Organic sales growth, led by Rogaine®, which achieved its fourth consecutive quarter of market share gains, and continued momentum behind OGX®. Innovation continued to contribute to Organic sales performance across all regions, including the expansion of North America Sun Care with the launch of Neutrogena® Cloud Tech™ featuring BEMT (bemotrizinol) and the brand's proprietary technology, continued expansion of Neutrogena® Ultra Sheer® Sun, and momentum behind OGX® ProGrowth and ProGrowth + Peptide platforms.

Essential Health

Third quarter 2026 Net sales increased 2.5% vs the prior year period, reflecting Organic sales growth of 2.5%. Organic sales growth was driven by a volume increase of 2.0% and favorable value realization of 0.5% with growth across all regions. Baby Care delivered growth for the quarter driven by Johnson’s Baby® across all regions supported by social commerce acceleration, strong activations, and innovation. Women’s Health also contributed to growth, led by Stayfree®, which benefited from recent product launches in India, and o.b.®, which returned to growth in EMEA following its brand restage and pricing actions. Wound Care continued to gain market share, supported by BAND-AID® Brand PRO HEAL® 5 Day Protect, distribution expansion, and retailer activations. Innovation remained a key growth driver, including Stayfree® Secure Nights and XpertXL in India, the ongoing rollout of Listerine® On-The-Go mouthwash packets, and Johnson’s Baby® innovations in Latin America.

Cash Flow and Balance Sheet

Fiscal nine months ended September 27, 2026 Net cash flows from operating activities were $1.9 billion vs $1.3 billion in the prior year period, with the improvement driven by an increase in net income and by lower use of working capital. Capital expenditures were $0.3 billion vs $0.4 billion in the prior year period, as Free cash flow1 increased to $1.6 billion vs $1.0 billion in the prior year period. Total cash and cash equivalents were $1.0 billion as of September 27, 2026 vs $1.1 billion as of December 28, 2025. Total debt was $8.2 billion as of September 27, 2026 vs $8.5 billion as of December 28, 2025.

2026 Restructuring Initiative

As previously disclosed, on February 17, 2026, the Company’s Board of Directors approved an initiative (the “2026 Restructuring Initiative”) that aims to optimize its operating model, transform its supply chain, reduce complexity, and drive operational efficiencies, while strengthening core capabilities. The Initiative is expected to result in pre-tax restructuring expenses and other charges totaling approximately $250 million in fiscal year 2026.

No Conference Call

Due to the pending transaction with Kimberly-Clark, Kenvue will not be hosting a quarterly conference call. This press release will be posted on the Company’s website at investors.kenvue.com.

About Kenvue

Kenvue Inc. is the world’s largest pure-play consumer health company by revenue. Built on more than a century of heritage, our iconic brands, including Aveeno®, BAND-AID® Brand, Johnson’s®, Listerine®, Neutrogena®, and Tylenol®, are science-backed and recommended by healthcare professionals around the world. At Kenvue, we realize the extraordinary power of everyday care. Our teams work every day to put that power in consumers’ hands and earn a place in their hearts and homes. Learn more at kenvue.com.

1Non-GAAP Financial Measures

The Company uses certain non-GAAP financial measures to supplement the financial measures prepared in accordance with U.S. GAAP. There are limitations to the use of the non-GAAP financial measures presented herein. These non-GAAP financial measures are not prepared in accordance with U.S. GAAP, nor do they have any standardized meaning under U.S. GAAP. In addition, other companies may use similarly titled non-GAAP financial measures that are calculated differently from the way the Company calculates such measures. Accordingly, the non-GAAP financial measures may not be comparable to such similarly titled non-GAAP financial measures used by other companies. The Company cautions you not to place undue reliance on these non-GAAP financial measures, but instead to consider them with the most directly comparable U.S. GAAP measure. These non-GAAP financial measures have limitations as analytical tools and should not be considered in isolation. These non-GAAP financial measures should be considered supplements to, not substitutes for, or superior to, the corresponding financial measures calculated in accordance with U.S. GAAP.

The Company believes the presentation of these measures is relevant and useful for investors because it allows investors to view performance in a manner similar to the method used by management. The Company believes these measures help improve investors’ ability to understand the Company’s operating performance and makes it easier to compare the Company’s results with other companies. In addition, the Company believes these measures are also among the primary measures used externally by the Company’s investors, analysts, and peers in its industry for purposes of valuation and comparing the operating performance of the Company to other companies in our industry.

Below are definitions and the reconciliation to the most closely related GAAP measures for the non-GAAP measures used in this press release.

Adjusted diluted earnings per share: We define Adjusted diluted earnings per share as Adjusted net income divided by the weighted average number of diluted shares outstanding. Management views this non-GAAP measure as useful to investors as it provides a supplemental measure of the Company’s performance over time.

Adjusted EBITDA margin: We define EBITDA as U.S. GAAP Net income adjusted for interest, provision for taxes, and depreciation and amortization. We define Adjusted EBITDA as EBITDA adjusted for restructuring expenses and operating model optimization initiatives, costs incurred in connection with our establishment as a standalone public company (“Separation-related costs”), conversion of stock-based awards, stock-based awards granted to individuals employed by Kenvue as of October 2, 2023 (“Founder Shares”), expenses incurred in connection with the pending transaction with Kimberly-Clark (“Pending Transaction and other related costs”), costs associated with the Skillman sale-leaseback, and the impact of the deferred transfer of certain assets and liabilities from Johnson & Johnson in certain jurisdictions (the “Deferred Markets”). We define Adjusted EBITDA margin as Adjusted EBITDA as a percentage of U.S. GAAP Net sales. Management believes this non-GAAP measure is useful to investors as it provides a supplemental perspective to the Company’s operating efficiency over time.

Adjusted effective tax rate: We define Adjusted effective tax rate as U.S. GAAP Effective tax rate adjusted for the tax effects on special item adjustments including amortization of intangible assets, restructuring expenses and operating model optimization initiatives, Separation-related costs, conversion of stock-based awards, Founder Shares, Pending Transaction and other related costs, and costs associated with the Skillman sale-leaseback. We also exclude taxes related to the Deferred Markets. Management believes this non-GAAP measure is useful to investors as it provides a supplemental measure of the Company’s performance over time.

Adjusted gross profit margin: We define Adjusted gross profit margin as U.S. GAAP Gross profit margin adjusted for amortization of intangible assets, Separation-related costs, conversion of stock-based awards, Founder Shares, operating model optimization initiatives, and Pending Transaction and other related costs. Management believes this non-GAAP measure is useful to investors as it provides a supplemental perspective to the Company’s operating efficiency over time.

Adjusted net income: We define Adjusted net income as U.S. GAAP Net income adjusted for amortization of intangible assets, restructuring expenses and operating model optimization initiatives, Separation-related costs, conversion of stock-based awards, Founder Shares, Pending Transaction and other related costs, costs associated with the Skillman sale-leaseback, the impact of the Deferred Markets, and their related tax impacts (i.e., special items). Adjusted net income excludes the impact of items that may obscure trends in our underlying performance. Management believes this non-GAAP measure is useful to investors as the Company uses Adjusted net income for strategic decision making, forecasting future results, and evaluating current performance.

Adjusted operating income: We define Adjusted operating income as U.S. GAAP Operating income adjusted for amortization of intangible assets, restructuring expenses and operating model optimization initiatives, Separation-related costs, conversion of stock-based awards, Founder Shares, Pending Transaction and other related costs, costs associated with the Skillman sale-leaseback, and the impact of the Deferred Markets. Management believes this non-GAAP measure is useful to investors as management uses Adjusted operating income to assess the Company’s financial performance.

Adjusted operating income margin: We define Adjusted operating income margin as Adjusted operating income as a percentage of U.S. GAAP Net sales. Management believes this non-GAAP measure is useful to investors as it provides a supplemental perspective to the Company’s operating efficiency over time.

Free cash flow: We define Free cash flow as U.S. GAAP Net cash flows from operating activities adjusted for purchases of property, plant, and equipment. Management believes this non-GAAP measure is useful to investors as it provides a view of the Company’s liquidity after deducting capital expenditures, which are considered a necessary component of our ongoing operations.

Organic sales: We define Organic sales as U.S. GAAP Net sales excluding the impact of changes in foreign currency exchange rates and the impact of acquisitions and divestitures. We report changes in Organic sales on a period-over-period basis. Management believes reporting period-over-period changes in Organic sales provides investors with supplemental information that is useful in assessing the Company’s results of operations by excluding the impact of certain items that we believe do not directly reflect our underlying operations.

Market Share Information

The Company uses market share and related metrics, including Average Weekly Recommendations, as indicators to assess business performance and trends. Market share references in this press release are derived from a combination of consumption and market share data provided by third-party vendors and internal estimates. Unless otherwise indicated, such references represent the percentage of the dollar value of sales of our products, relative to all product sales in the category in the countries in which the Company operates and purchases data.

Market share data is subject to inherent limitations, including the availability and timing of underlying information. In particular, market share data is not generally available for certain retail channels. The Company measures market share through the most recent period for which market share data is available, which generally reflects a lag time of one or two months. While the Company believes the third-party vendors it uses to provide data are reliable, it has not independently verified the accuracy or completeness of such data or its underlying assumptions. In addition, the Company’s reported market share data may differ from that reported by other companies due to differences in category definitions, geographic scope, internal estimates and other factors.

Cautions Concerning Forward-Looking Statements

This press release contains “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995 regarding, among other things, statements about management’s expectations of Kenvue’s future operating and financial performance, product development, market position, and business strategy. Such forward-looking statements include statements regarding the pending transaction with Kimberly-Clark. Forward-looking statements may be identified by the use of words such as “plans,” “expects,” “will,” “anticipates,” “estimates,” and other words of similar meaning. The reader is cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of Kenvue and its affiliates. Risks and uncertainties include, but are not limited to: the inability to execute on Kenvue’s business development strategy; inflation and other economic factors, such as interest rate and currency exchange rate fluctuations, as well as existing or proposed tariffs and other constraints on trade both in the U.S. and in foreign markets; the ability to successfully manage local, regional, or global economic volatility, including reduced market growth rates, and to generate sufficient income and cash flow to allow Kenvue to effect any dividend payments; Kenvue’s ability to maintain satisfactory credit ratings and access capital markets, which could adversely affect its liquidity, capital position, and borrowing costs; competition, including technological advances, new products, and intellectual property attained by competitors; challenges inherent in new product research and development; uncertainty of commercial success for new and existing products and digital capabilities; challenges to intellectual property protections, including counterfeiting; the ability of Kenvue to successfully execute strategic plans, including the 2026 Restructuring Initiative and any other restructuring or cost-saving initiatives; the impact of business combinations and divestitures, including any ongoing or future transactions; manufacturing difficulties or delays, internally or within the supply chain; product efficacy or safety concerns resulting in product recalls or regulatory action; significant adverse litigation or government action, including related to product liability claims; changes to applicable laws and regulations and other stakeholder requirements; changes in behavior and spending patterns of consumers; natural disasters, acts of war, or terrorism, catastrophes, or epidemics, pandemics, or other disease outbreaks; financial instability of international economies and legal systems and sovereign risk; the inability to realize the benefits of the separation from Kenvue’s former parent, Johnson & Johnson; the risk of disruption or unanticipated costs in connection with the separation; the Company’s inability to consummate the pending transaction with Kimberly-Clark due to, among other things, market, regulatory, and other factors; the potential for disruption to the Company’s business resulting from the pending transaction with Kimberly-Clark; and potential adverse effects on the Company’s stock price from the suspension or consummation of the pending transaction with Kimberly-Clark. A further list and descriptions of these risks, uncertainties, and other factors can be found in Kenvue’s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q and other filings, available at investors.kenvue.com or on request from Kenvue. Any forward-looking statement made in this release speaks only as of the date of this release. Kenvue undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events, or developments or otherwise.

Kenvue Inc.

Condensed Consolidated Statements of Operations

(Unaudited; Dollars in Millions, Except Per Share Data; Shares in Millions)

  Fiscal Three Months Ended

Fiscal Nine Months Ended

September 27, 2026

September 28, 2025

September 27, 2026

September 28, 2025

Net sales

$

3,886

$

3,764

$

11,750

$

11,344

Cost of sales

1,572

1,538

4,833

4,689

Gross profit

2,314

2,226

6,917

6,655

Selling, general, and administrative expenses

1,569

1,512

4,559

4,553

Restructuring expenses

33

84

163

204

Other operating expense, net

6

1

23

19

Operating income

706

629

2,172

1,879

Other expense, net

8

10

19

26

Interest expense, net

89

93

274

281

Income before taxes

609

526

1,879

1,572

Provision for taxes

179

128

519

432

Net income

$

430

$

398

$

1,360

$

1,140

Net income per share

Basic

$

0.22

$

0.21

$

0.71

$

0.59

Diluted

$

0.22

$

0.21

$

0.71

$

0.59

Weighted-average number of shares outstanding

Basic

1,921

1,918

1,919

1,917

Diluted

1,926

1,923

1,923

1,925

Organic Sales Change

The following tables present a reconciliation of the change in Net sales, as reported, to the change in Organic sales, a non-GAAP measure, for the periods presented:

  Fiscal Three Months Ended September 27, 2026 vs. September 28, 2025(1)

  Reported Net Sales Change

Impact of Foreign Currency

Organic Sales Change

(Unaudited)

  Total Organic Sales Change

Price/Mix(2)

Volume

Self Care

  5.9

%

0.5

%

5.4

%

2.0

%

3.4

%

Skin Health and Beauty

  0.1

0.6

(0.5

)

1.2

(1.7

)

Essential Health

  2.5

—

2.5

0.5

2.0

Total

  3.2

%

0.3

%

2.9

%

1.3

%

1.6

%

  Fiscal Nine Months Ended September 27, 2026 vs. September 28, 2025(1)

  Reported Net Sales Change

Impact of Foreign Currency

Organic Sales Change

(Unaudited)

  Total Organic Sales Change

Price/Mix(2)

Volume

Self Care

  3.3

%

2.2

%

1.1

%

1.6

%

(0.5

)%

Skin Health and Beauty

  4.5

1.8

2.7

1.6

1.1

Essential Health

  3.2

1.5

1.7

(0.1

)

1.8

Total

  3.6

%

1.9

%

1.7

%

1.0

%

0.7

%

(1) Acquisitions and divestitures did not impact the reported Net sales change.

(2) Price/Mix reflects value realization.

Total Segment Net Sales and Adjusted Operating Income

Segment Net sales for the periods presented were as follows:

Net Sales

Fiscal Three Months Ended

Fiscal Nine Months Ended

(Unaudited; Dollars in Millions)

September 27, 2026

September 28, 2025

September 27, 2026

September 28, 2025

Self Care

$

1,656

$

1,564

$

4,944

$

4,786

Skin Health and Beauty

1,039

1,038

3,211

3,074

Essential Health

1,191

1,162

3,595

3,484

Total segment net sales

$

3,886

$

3,764

$

11,750

$

11,344

Segment Adjusted operating income for the periods presented was as follows:

Adjusted Operating Income

Fiscal Three Months Ended

Fiscal Nine Months Ended

(Unaudited; Dollars in Millions)

September 27, 2026

September 28, 2025

September 27, 2026

September 28, 2025

Self Care Adjusted operating income

$

537

$

520

$

1,674

$

1,613

Skin Health and Beauty Adjusted operating income

149

137

503

378

Essential Health Adjusted operating income

315

307

929

897

Total

$

1,001

$

964

$

3,106

$

2,888

Reconciliation to Adjusted operating income (non-GAAP):

Depreciation(1)

77

75

234

226

General corporate/unallocated expenses

71

82

210

251

Other operating expense, net

6

1

23

19

Other—impact of Deferred Markets

(4

)

(5

)

(25

)

(30

)

Adjusted operating income (non-GAAP)

$

851

$

811

$

2,664

$

2,422

Reconciliation to Income before taxes:

Amortization of intangible assets(2)

64

66

193

193

Separation-related costs(4)

6

17

16

79

Restructuring expenses and operating model optimization initiatives(3)

41

97

188

232

Conversion of stock-based awards

—

1

1

5

Other—impact of Deferred Markets

4

5

25

30

Founder Shares

—

(4

)

3

4

Pending Transaction and other related costs(5)

28

—

60

—

Skillman sale-leaseback

2

—

6

—

Operating income

$

706

$

629

$

2,172

$

1,879

Other expense, net

8

10

19

26

Interest expense, net

89

93

274

281

Income before taxes

$

609

$

526

$

1,879

$

1,572

Non-GAAP Financial Information

The following tables present reconciliations of GAAP to non-GAAP for the periods presented:

Fiscal Three Months Ended September 27, 2026

(Unaudited; Dollars in Millions)

As Reported

Adjustments

Reference

As Adjusted

Net sales

$

3,886

—

$

3,886

Gross profit

$

2,314

75

(a)

$

2,389

Gross profit margin

59.5

%

61.5

%

Operating income

$

706

145

(a)-(c)

$

851

Operating income margin

18.2

%

21.9

%

Net income

$

430

138

(a)-(d)

$

568

Net income margin

11.1

%

14.6

%

Interest expense, net

$

89

Provision for taxes

$

179

Depreciation and amortization

$

141

EBITDA (non-GAAP)

$

839

81

(b)-(c), (e)

$

920

EBITDA margin (non-GAAP)

21.6

%

23.7

%

Detail of Adjustments

Cost of Sales

SG&A/Restructuring Expenses

Other Operating Expense, Net

Provision for Taxes

Total

Amortization of intangible assets(2)

$

64

$

—

$

—

$

—

$

64

Restructuring expenses(3)

—

33

—

—

33

Operating model optimization initiatives(3)

6

2

—

—

8

Separation-related costs, conversion of stock-based awards, and Founder Shares(4)

4

2

—

—

6

Pending Transaction and other related costs(5)

1

27

—

—

28

Skillman sale-leaseback

—

2

—

—

2

Impact of Deferred Markets—minority interest expense

—

—

1

—

1

Impact of Deferred Markets—provision for taxes

—

—

3

(3

)

—

Tax impact on special item adjustments

—

—

—

(4

)

(4

)

Total

$

75

$

66

$

4

$

(7

)

$

138

(a)

(b)

(c)

(d)

Cost of sales less amortization

$

11

(e)

Fiscal Three Months Ended September 28, 2025

(Unaudited; Dollars in Millions)

As Reported

Adjustments

Reference

As Adjusted

Net sales

$

3,764

—

$

3,764

Gross profit

$

2,226

79

(a)

$

2,305

Gross profit margin

59.1

%

61.2

%

Operating income

$

629

182

(a)-(c)

$

811

Operating income margin

16.7

%

21.5

%

Net income

$

398

140

(a)-(d)

$

538

Net income margin

10.6

%

14.3

%

Interest expense, net

$

93

Provision for taxes

$

128

Depreciation and amortization

$

141

EBITDA (non-GAAP)

$

760

116

(b)-(c), (e)

$

876

EBITDA margin (non-GAAP)

20.2

%

23.3

%

Detail of Adjustments

Cost of Sales

SG&A/Restructuring Expenses

Other Operating Expense, Net

Provision for Taxes

Total

Amortization of intangible assets(2)

$

66

$

—

$

—

$

—

$

66

Restructuring expenses(3)

—

84

—

—

84

Operating model optimization initiatives(3)

8

5

—

—

13

Separation-related costs, conversion of stock-based awards, and Founder Shares(4)

5

9

—

—

14

Impact of Deferred Markets—minority interest expense

—

—

2

—

2

Impact of Deferred Markets—provision for taxes

—

—

3

(3

)

—

Tax impact on special item adjustments

—

—

—

(39

)

(39

)

Total

$

79

$

98

$

5

$

(42

)

$

140

(a)

(b)

(c)

(d)

Cost of sales less amortization

$

13

(e)

Fiscal Nine Months Ended September 27, 2026

(Unaudited; Dollars in Millions)

As Reported

Adjustments

Reference

As Adjusted

Net sales

$

11,750

—

$

11,750

Gross profit

$

6,917

229

(a)

$

7,146

Gross profit margin

58.9

%

60.8

%

Operating income

$

2,172

492

(a)-(c)

$

2,664

Operating income margin

18.5

%

22.7

%

Net income

$

1,360

418

(a)-(d)

$

1,778

Net income margin

11.6

%

15.1

%

Interest expense, net

$

274

Provision for taxes

$

519

Depreciation and amortization

$

427

EBITDA (non-GAAP)

$

2,580

299

(b)-(c), (e)

$

2,879

EBITDA margin (non-GAAP)

22.0

%

24.5

%

Detail of Adjustments

Cost of Sales

SG&A/Restructuring Expenses

Other Operating Expense, Net

Provision for Taxes

Total

Amortization of intangible assets(2)

$

193

$

—

$

—

$

—

$

193

Restructuring expenses(3)

—

163

—

—

163

Operating model optimization initiatives(3)

20

5

—

—

25

Separation-related costs, conversion of stock-based awards, and Founder Shares(4)

12

8

—

—

20

Pending Transaction and other related costs(5)

4

56

—

—

60

Skillman sale-leaseback

—

6

—

—

6

Impact of Deferred Markets—minority interest expense

—

—

10

—

10

Impact of Deferred Markets—provision for taxes

—

—

15

(15

)

—

Tax impact on special item adjustments

—

—

—

(59

)

(59

)

Total

$

229

$

238

$

25

$

(74

)

$

418

(a)

(b)

(c)

(d)

Cost of sales less amortization

$

36

(e)

Fiscal Nine Months Ended September 28, 2025

(Unaudited; Dollars in Millions)

As Reported

Adjustments

Reference

As Adjusted

Net sales

$

11,344

—

$

11,344

Gross profit

$

6,655

233

(a)

$

6,888

Gross profit margin

58.7

%

60.7

%

Operating income

$

1,879

543

(a)-(c)

$

2,422

Operating income margin

16.6

%

21.4

%

Net income

$

1,140

423

(a)-(d)

$

1,563

Net income margin

10.0

%

13.8

%

Interest expense, net

$

281

Provision for taxes

$

432

Depreciation and amortization

$

419

EBITDA (non-GAAP)

$

2,272

350

(b)-(c), (e)

$

2,622

EBITDA margin (non-GAAP)

20.0

%

23.1

%

Detail of Adjustments

Cost of Sales

SG&A/Restructuring Expenses

Other Operating Expense, Net

Provision for Taxes

Total

Amortization of intangible assets(2)

$

193

$

—

$

—

$

—

$

193

Restructuring expenses(3)

—

204

—

—

204

Operating model optimization initiatives(3)

20

8

—

—

28

Separation-related costs, conversion of stock-based awards, and Founder Shares(4)

20

68

—

—

88

Impact of Deferred Markets—minority interest expense

—

—

12

—

12

Impact of Deferred Markets—provision for taxes

—

—

18

(18

)

—

Tax impact on special item adjustments

—

—

—

(102

)

(102

)

Total

$

233

$

280

$

30

$

(120

)

$

423

(a)

(b)

(c)

(d)

Cost of sales less amortization

$

40

(e)

(1) Depreciation consists of depreciation of property, plant, and equipment and amortization of integration and development costs capitalized in connection with cloud computing arrangements.

(2) Relates to the amortization of definite-lived intangible assets (primarily trademarks, trade names, and customer lists) over their estimated useful lives.

(3) Restructuring expenses and operating model optimization initiatives in the fiscal three and nine months ended September 27, 2026 related to the 2026 Restructuring Initiative and in the fiscal three and nine months ended September 28, 2025 related to the 2024 Multi-year Restructuring Initiative and were composed of the following:

Fiscal Three Months Ended

Fiscal Nine Months Ended

(Unaudited; Dollars in Millions)

September 27, 2026

September 28, 2025

September 27, 2026

September 28, 2025

Employee-related costs (one-time severance and other termination benefits)

$

10

$

32

$

87

$

78

Information technology and project-related costs

31

60

101

147

Other implementation costs

—

5

—

7

Total restructuring expenses and operating model optimization initiatives

$

41

$

97

$

188

$

232

Restructuring expenses and operating model optimization initiatives include accelerated depreciation expense on assets related to the 2026 Restructuring Initiative for the fiscal three and nine months ended September 27, 2026.

(4) Separation-related costs relate to non-recurring costs incurred in connection with our establishment of Kenvue as a standalone public company. Separation-related costs, the impact of the conversion of stock-based compensation awards, and the incremental stock-based compensation from the issuance of the Founder Shares, were composed of the following:

Fiscal Three Months Ended

Fiscal Nine Months Ended

(Unaudited; Dollars in Millions)

September 27, 2026

September 28, 2025

September 27, 2026

September 28, 2025

Information technology and other

$

2

$

12

$

4

$

63

Legal entity name change

4

5

12

16

Total separation-related costs

$

6

$

17

$

16

$

79

Conversion of stock-based awards

—

1

1

5

Founder Shares

—

(4

)

3

4

Total separation-related costs, conversion of stock-based awards, and Founder Shares

$

6

$

14

$

20

$

88

(5) Pending Transaction and other related costs consist of expenses incurred in connection with the pending transaction with Kimberly-Clark, including advisory fees, legal costs, professional service costs, and other related costs.

The following table presents reconciliations of the Effective tax rate, as reported, to Adjusted effective tax rate for the periods presented:

Fiscal Three Months Ended

Fiscal Nine Months Ended

(Unaudited)

September 27, 2026

September 28, 2025

September 27, 2026

September 28, 2025

Effective tax rate

29.4

%

24.3

%

27.6

%

27.5

%

Adjustments:

Tax-effect on special item adjustments

(4.9

)

(0.7

)

(2.8

)

(1.8

)

Taxes related to Deferred Markets

0.2

0.4

0.2

0.4

Adjusted Effective tax rate (non-GAAP)

24.7

%

24.0

%

25.0

%

26.1

%

The following table presents a reconciliation of Diluted earnings per share, as reported, to Adjusted diluted earnings per share for the periods presented:

Fiscal Three Months Ended

Fiscal Nine Months Ended

(Unaudited)

September 27, 2026

September 28, 2025

September 27, 2026

September 28, 2025

Diluted earnings per share

$

0.22

$

0.21

$

0.71

$

0.59

Adjustments:

Separation-related costs

—

0.01

0.01

0.04

Restructuring expenses and operating model optimization initiatives

0.02

0.05

0.10

0.12

Amortization of intangible assets

0.03

0.03

0.10

0.10

Pending Transaction and other related costs

0.01

—

0.03

—

Tax impact on special item adjustments

—

(0.02

)

(0.03

)

(0.05

)

Other

0.01

—

—

0.01

Adjusted diluted earnings per share (non-GAAP)

$

0.29

$

0.28

$

0.92

$

0.81

The following table presents a reconciliation of Net cash flows from operating activities, as reported, and Purchases of property, plant, and equipment, as reported, to Free cash flow for the periods presented:

Fiscal Nine Months Ended

(Unaudited; Dollars in Billions)

September 27, 2026

September 28, 2025

Net cash flows from operating activities

$

1.9

$

1.3

Purchases of property, plant, and equipment

(0.3

)

(0.4

)

Free cash flow (non-GAAP)

$

1.6

$

1.0

Note: Numbers may not foot due to rounding.

Other Supplemental Financial Information

The following table presents the Company’s Net sales by geographic region for the periods presented:

Fiscal Three Months Ended

Fiscal Nine Months Ended

(Unaudited; Dollars in Millions)

September 27, 2026

September 28, 2025

September 27, 2026

September 28, 2025

Net sales by geographic region

North America

$

1,761

$

1,765

$

5,526

$

5,500

Europe, Middle East, and Africa

970

959

2,918

2,772

Asia Pacific

741

672

2,164

2,072

Latin America

414

368

1,142

1,000

Total Net sales by geographic region

$

3,886

$

3,764

$

11,750

$

11,344

The following table presents the Company’s Research and development expenses for the periods presented. Research and development expenses are included within Selling, general, and administrative expenses.

Fiscal Three Months Ended

Fiscal Nine Months Ended

(Unaudited; Dollars in Millions)

September 27, 2026

September 28, 2025

September 27, 2026

September 28, 2025

Research & Development

$

96

$

94

$

274

$

284

The following table presents the Company’s Cash and cash equivalents, Total debt, and Net debt balance as of the periods presented:

(Unaudited; Dollars in Billions)

September 27, 2026

December 28, 2025

Cash and cash equivalents

$

1.0

$

1.1

Total debt

(8.2

)

(8.5

)

Net debt

$

(7.2

)

$

(7.5

)

Note: Numbers may not foot due to rounding.

More News From Kenvue

, /PRNewswire/ -- AAON, Inc. (NASDAQ: AAON) ("The Aaon Group", or the "Company"), a leader in high-performance HVAC and thermal management solutions, announces that it has scheduled its quarterly conference call and webcast for Monday, November 9, 2026, at 5:00 p.m. EST to discuss third quarter 2026 financial results. The results will be released after market close.

The conference call will be accessible via dial-in for those who wish to participate in Q&A as well as a listen-only webcast. The dial-in is accessible at 1-888-880-3330. To access the listen-only webcast, please register at The Aaon Group Third Quarter 2026 Conference Call.

On the next business day following the call, a replay of the call will be available on the Company's website at https://investors.theaaongroup.com/

About The Aaon Group

The Aaon Group provides high-performance HVAC and thermal management solutions for commercial, industrial, and data center environments. Through two strong brands, AAON and BASX, the company designs and manufactures highly configurable and custom-engineered equipment focused on efficiency, performance, reliability, and long-term customer value. For more information, please visit theaaongroup.com.

Contact Information

Joseph Mondillo
Director of Investor Relations & Corporate Strategy
Email: [email protected]

SOURCE AAON

Top-Line Growth Accelerates Sequentially, Delivering Second Consecutive Quarter of Sales Growth
Raises Full-Year Sales Outlook

ATLANTA--(BUSINESS WIRE)--Newell Brands (NASDAQ: NWL) today announced its third quarter 2026 financial results.

Chris Peterson, Newell Brands President and Chief Executive Officer, said, "Top-line growth accelerated sequentially as Newell Brands delivered its second consecutive quarter of year-over-year growth in sales. Growth during the quarter was broad-based, with both the U.S. and International delivering growth along with four of our six businesses and seven of our top 10 brands. Our investment in consumer understanding, brand building, innovation, and marketing continues to expand distribution and drive growth. Based on these solid results and the dramatic improvements we have made across the key capabilities required to win in our industry, we are raising our full year sales outlook and now expect to deliver positive sales growth in both the fourth quarter and full year 2026."

Mark Erceg, Newell Brands Chief Financial Officer, said, "Stronger sales and world-class productivity efforts allowed third quarter normalized gross and operating margins to expand significantly versus last year and normalized earnings per share to come in at the high end of our guidance range despite inflation that exceeded our expectations. Higher projected sales than previously anticipated and additional cost containment efforts give us the confidence to maintain the midpoints of our normalized operating margin and normalized earnings per share outlooks. Deleveraging remains a top priority and, consistent with that, we anticipate reducing total debt and factoring by a couple hundred million dollars this year."

Third Quarter 2026 Highlights

Net sales were $1.9 billion, an increase of 3.7% compared with the prior year period. Core sales grew 3.3% compared with the prior year period. Gross margin increased to 34.7% compared with 34.1% in the prior year period. Normalized gross margin increased to 35.2% compared with 34.5% in the prior year period. Operating margin decreased to 1.4% compared with 6.6% in the prior year period. Normalized operating margin increased to 9.8% compared with 8.9% in the prior year period. Net loss was $81 million compared with net income of $21 million in the prior year period. Normalized net income was $86 million compared with $70 million in the prior year period. Diluted loss per share was $0.19 compared with diluted EPS of $0.05 in the prior year period. Normalized diluted EPS was $0.20 compared with $0.17 in the prior year period. Normalized EBITDA increased to $248 million compared with $225 million in the prior year period. Raised the full-year 2026 outlook for net sales and core sales, maintained the midpoints of normalized operating margin and normalized EPS and revised the operating cash flow outlook. Third Quarter 2026 Operating Results

Net sales were $1.9 billion, an increase of 3.7% compared with the prior year period, reflecting core sales growth of 3.3% and favorable foreign exchange.

Gross margin was 34.7% compared with 34.1% in the prior year period, with the positive impact from higher net sales and gross productivity more than offsetting headwinds from inflation. Normalized gross margin was 35.2% compared with 34.5% in the prior year period.

Operating income was $27 million compared with $119 million in the prior year period. Operating margin was 1.4% compared with 6.6% in the prior year period. The current period included a non-cash impairment charge of $101 million related to an indefinite-lived tradename. Normalized operating income was $184 million, or 9.8% of sales, compared with $162 million, or 8.9% of sales, in the prior year period. The year-over-year increase in normalized results primarily reflected higher net sales and improved gross margin.

Net interest expense was $86 million compared with $83 million in the prior year period.

Income tax benefit was $11 million compared with an income tax provision of $21 million in the prior year period. The normalized income tax provision was $9 million compared with $6 million in the prior year period.

Net loss was $81 million compared with net income of $21 million in the prior year period. Normalized net income was $86 million compared with $70 million in the prior year period. Normalized EBITDA was $248 million compared with $225 million in the prior year period.

Diluted loss per share was $0.19 compared with diluted EPS of $0.05 in the prior year period. Normalized diluted EPS was $0.20 compared with $0.17 in the prior year period.

An explanation of non-GAAP measures disclosed in this release and a reconciliation of these non-GAAP results to comparable GAAP measures, if available, are included in the tables attached to this release.

Balance Sheet and Cash Flow

Year-to-date operating cash flow was $93 million compared with $103 million in the prior year period.

At the end of the third quarter of 2026, Newell Brands had debt outstanding of $4.8 billion and cash and cash equivalents of $249 million, compared with $4.8 billion and $229 million, respectively, at the end of the third quarter of 2025.

During the third quarter of 2026, the Company entered into a new $800 million asset-based revolving credit facility, replacing the existing secured revolving credit facility and extending the facility's general maturity to 2031. The Company also issued $600 million of 6.250% senior notes due 2031 and used the proceeds to redeem its 6.375% senior notes due 2027 and repay a portion of the borrowings under the new facility.

Third Quarter 2026 Operating Segment Results

The Home & Commercial Solutions segment generated net sales of $1.01 billion compared with $942 million in the prior year period, reflecting core sales growth of 6.0%, as well as the impact of favorable foreign exchange. Core sales increased in the Kitchen, Home Fragrance and Commercial businesses. Operating loss was $37 million, or negative 3.7% of sales, compared with operating income of $40 million, or 4.2% of sales, in the prior year period. The current period included a non-cash impairment charge of $101 million related to an indefinite-lived tradename. Normalized operating income was $86 million, or 8.5% of sales, compared with $64 million, or 6.8% of sales, in the prior year period.

The Learning & Development segment generated net sales of $692 million compared with $681 million in the prior year period, reflecting core sales growth of 2.3%, as well as the impact of unfavorable foreign exchange. Core sales grew in the Writing business while the Baby business was roughly flat. Operating income was $137 million, or 19.8% of sales, compared with $124 million, or 18.2% of sales, in the prior year period. Normalized operating income was $157 million, or 22.7% of sales, compared with $130 million, or 19.1% of sales, in the prior year period.

The Outdoor & Recreation segment generated net sales of $169 million compared with $183 million in the prior year period, reflecting a core sales decline of 6.4%, as well as the impact of unfavorable foreign exchange. Operating loss was $14 million, or negative 8.3% of sales, compared with $8 million, or negative 4.4% of sales, in the prior year period. Normalized operating loss was $10 million, or negative 5.9% of sales, compared with $1 million, or negative 0.5% of sales, in the prior year period.

Outlook

The Company initiated its outlook for the fourth quarter and raised its full-year 2026 sales outlook, reflecting third-quarter performance and updated expectations for the fourth quarter. Higher sales expectations and additional cost containment are offsetting additional inflation, enabling the Company to maintain the midpoints of its full-year normalized operating margin and normalized EPS outlooks.

Q4 2026 Outlook

Net Sales

1% to 3%

Core Sales

1% to 3%

Normalized Operating Margin

8.4% to 9.0%

Normalized EPS

$0.17 to $0.19

Updated Full-Year 2026 Outlook

Previous Full-Year 2026 Outlook

Net Sales

2% to 3%

1% to 2%

Core Sales

1% to 2%

Flat to 1%

Normalized Operating Margin

10.0% to 10.4%

10.0% to 10.4%

Normalized EPS

$0.74 to $0.76

$0.73 to $0.77

The Company revised its full-year 2026 operating cash flow outlook primarily due to two one-time non-operating items, the first of which relates to the previously announced termination of its non-qualified defined benefit plans. This transaction is expected to generate a net cash benefit of approximately $60 million, but the benefit payments are classified as operating cash outflows while the associated proceeds are classified as investing cash inflows. The accounting treatment lowers expected operating cash flows by approximately $85 million, including related cash taxes. The second item reflects lower than previously anticipated proceeds from receivables factoring as the Company reduces its reliance on these programs following its upsized bond refinancing. Based on these two items the Company has revised its full-year operating cash flow guidance to approximately $150 million.

The Company has presented forward-looking statements regarding core sales, normalized operating margin and normalized EPS. These non-GAAP financial measures are derived by excluding certain amounts, expenses or income, from the corresponding financial measures determined in accordance with GAAP. The determination of the amounts that are excluded from these non-GAAP financial measures is a matter of management judgment and depends upon, among other factors, the nature of the underlying expense or income amounts recognized in a given period. In reliance on the exception provided by Item 10(e)(1)(i)(B) of Regulation S-K, the Company is unable to present a quantitative reconciliation of forward-looking normalized operating margin or normalized EPS to the most directly comparable forward-looking GAAP financial measures because such information is not available, and management cannot reliably predict all of the necessary components of such GAAP measures without unreasonable effort or expense. In addition, the Company believes such reconciliations would imply a degree of precision that would be confusing or misleading to investors. The unavailable information could have a significant impact on the Company's future financial results. These non-GAAP financial measures are preliminary estimates and are subject to risks and uncertainties, including, among others, changes in connection with quarter-end and year-end adjustments. Any variation between the Company's actual results and preliminary financial data set forth above may be material.

Conference Call

Newell Brands’ third quarter 2026 earnings conference call will be held today, October 30, at 7:30 a.m. ET. A link to the webcast is provided under Events & Presentations in the Investors section of the Company’s website at www.newellbrands.com. A webcast replay will be made available in the Quarterly Earnings section of the Company’s website.

Non-GAAP Financial Measures

This release and the accompanying remarks contain non-GAAP financial measures within the meaning of Regulation G promulgated by the U.S. Securities and Exchange Commission (the "SEC") and includes a reconciliation of non-GAAP financial measures to the most directly comparable financial measures calculated in accordance with GAAP.

The Company uses certain non-GAAP financial measures that are included in this press release, the additional financial information and accompanying remarks both to explain its results to stockholders and the investment community and in the internal evaluation and management of its businesses. The Company’s management believes that these non-GAAP financial measures and the information they provide are useful to investors since these measures (a) permit investors to view the Company’s performance and liquidity using the same tools that management uses to evaluate the Company’s past performance, reportable segments, prospects for future performance and liquidity, and (b) determine certain elements of management incentive compensation.

The Company’s management believes that core sales provides a more complete understanding of underlying sales trends by providing sales on a consistent basis as it excludes the impacts of acquisitions, divestitures, retail store openings and closings, certain market and category exits, changes in foreign exchange and customer returns due to a product recall from year-over-year comparisons. The effect of changes in foreign exchange on reported sales is calculated by applying the prior year average monthly exchange rates to the current year local currency sales amounts (excluding acquisitions and divestitures), with the difference between the current year reported sales and constant currency sales presented as the foreign exchange impact increase or decrease in core sales. The Company’s management believes that “normalized” gross margin, "normalized" overheads, “normalized” operating income, “normalized” operating margin, "normalized EBITDA", “normalized” net income, “normalized” diluted earnings per share and “normalized” income tax benefit or expense, which exclude restructuring and restructuring-related expenses; impairment charges; amortization of acquisition-related intangible assets; divestiture costs; costs related to acquisitions, integration and financing of acquired businesses; hyperinflationary adjustments and one-time and other events such as expenses related to certain legal proceedings, costs related to the extinguishment of debt; certain tax benefits and charges; pension settlement charges; costs related to a product recall; certain facility fire related costs; write-off of assets not placed into service and certain other items, are useful because they provide investors with a meaningful perspective on the current underlying performance of the Company’s core ongoing operations and liquidity. “Normalized EBITDA” is an ongoing liquidity measure (that excludes non-cash items) and is calculated as normalized earnings before interest, tax, depreciation, amortization and stock-based compensation expense.

The Company uses a "with" and "without" approach to calculate normalized income tax expense or benefit. At an interim period, the Company determines the year to date tax effect of the pretax items excluded from normalized results by allocating the difference between the calculated GAAP and calculated normalized tax expense or benefit.

The Company defines "net debt" as short-term debt, current portion of long-term debt and long-term debt less cash and cash equivalents.

While the Company believes these non-GAAP financial measures are useful in evaluating the Company’s performance and liquidity, this information should be considered as supplemental in nature and not as a substitute for or superior to the related financial information prepared in accordance with GAAP. Additionally, these non-GAAP financial measures may differ from similar measures presented by other companies.

About Newell Brands

Newell Brands (NASDAQ: NWL) is a leading global consumer goods company with a strong portfolio of well-known brands, including Rubbermaid, Sharpie, Graco, Coleman, Rubbermaid Commercial Products, Yankee Candle, Paper Mate, FoodSaver, DYMO, EXPO, Elmer’s, Oster, NUK, Spontex and Campingaz. Newell Brands is focused on delighting consumers by lighting up everyday moments.

This press release and additional information about Newell Brands are available on the Company’s website, www.newellbrands.com.

Forward-Looking Statements

Some of the statements in this press release and its exhibits, particularly those anticipating future financial performance, business prospects, growth, operating strategies, future macroeconomic conditions and similar matters, are made pursuant to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements generally can be identified by the use of words or phrases, including, but not limited to, "guidance," "outlook," “intend,” “anticipate,” “believe,” “estimate,” “project,” “target,” “plan,” “expect,” “setting up,” "beginning to,” “will,” “should,” “would,” "could," “resume,” “remain confident,” "remain optimistic," "seek to," or similar statements. We caution that forward-looking statements are not guarantees because there are inherent difficulties in predicting future results. Actual results may differ materially from those expressed or implied in the forward-looking statements. Important factors that could cause actual results to differ materially from those suggested by the forward-looking statements include, but are not limited to:

the Company’s ability to optimize costs and cash flow and mitigate the impact of soft global demand and retailers’ inventory rebalancing through discretionary and overhead spend management, advertising and promotion expense optimization, demand forecast and supply plan adjustments and actions to improve working capital; the Company’s dependence on the strength of retail and consumer demand and commercial and industrial sectors of the economy in various countries around the world; the Company’s ability to improve productivity, reduce complexity and streamline operations, including but not limited to successful implementation of Enterprise Resource Planning System consolidation and other technology and operational simplification projects; risks related to the Company’s substantial indebtedness and current leverage profile, ability to refinance upcoming bond maturities on favorable terms, or at all, and potential increases in interest rates or changes in the Company’s credit ratings including the failure to maintain financial covenants which if breached could subject us to cross-default and acceleration provisions in our debt documents; the impact on the Company’s operations and financial condition resulting from the current global macroeconomic environment, including the impact of tariffs imposed by the U.S. and retaliatory tariffs imposed by foreign countries, and the Company’s ability to effectively execute its mitigation plans, including securing receipt of tariff refunds and defending related litigation; competition with other manufacturers and distributors of consumer products; major retailers’ strong bargaining power and consolidation of the Company’s customers; supply chain and operational disruptions in the markets in which we operate, including as a result of geopolitical and macroeconomic conditions and any global military conflicts including those between Russia and Ukraine and in the Middle East; changes in the prices and availability of labor, transportation, raw materials and sourced products, including significant inflation and oil price volatility, and the Company’s ability to offset cost increases through pricing and productivity in a timely manner; the Company’s ability to effectively execute its turnaround plan, including the Productivity Plan announced in December 2025 and other restructuring and cost saving initiatives; the Company’s ability to develop innovative new products, to develop, maintain and strengthen end-user brands and to realize the benefits of increased advertising and promotion spend; the risks inherent to the Company’s foreign operations, including currency fluctuations, exchange controls and pricing restrictions; future events that could adversely affect the value of the Company’s assets and/or stock price and require additional impairment charges; unexpected costs or expenses associated with dispositions; the cost and outcomes of governmental investigations, inspections, lawsuits, legislative requests or other actions by third parties, the potential outcomes of which could exceed policy limits, to the extent insured; the Company’s ability to maintain effective internal control over financial reporting; risk associated with the use of artificial intelligence in the Company’s operations and the Company’s ability to properly manage such use; a failure or breach of one of the Company’s key information technology systems, networks, processes or related controls or those of the Company’s service providers; the impact of United States and foreign regulations on the Company’s operations, including environmental remediation costs and legislation and regulatory actions related to product safety, data privacy and climate change; the potential inability to attract, retain and motivate key employees; changes in tax laws and the resolution of tax contingencies resulting in additional tax liabilities; product liability, product recalls or related regulatory actions; the Company’s ability to protect its intellectual property rights; the impact of climate change and the increased focus of governmental and non-governmental organizations and customers on sustainability issues, as well as external expectations related to environmental, social and governance considerations; significant increases in the funding obligations related to the Company’s pension plans; and other factors listed from time to time in our SEC filings, including but not limited to our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and other filings. The consolidated condensed financial statements are prepared in conformity with accounting principles generally accepted in the United States (“U.S. GAAP”). Management’s application of U.S. GAAP requires the pervasive use of estimates and assumptions in preparing the condensed consolidated financial statements. The Company continues to be impacted by inflationary pressures, soft global demand, major retailers' focus on tight control over inventory levels, elevated interest rates and indirect macroeconomic impacts from geopolitical conflicts, which has required greater use of estimates and assumptions in the preparation of our condensed consolidated financial statements. Although we believe we have made our best estimates based upon current information, actual results could differ materially and may require future changes to such estimates and assumptions, including reserves, which may result in future expense or impairment charges.

The information contained in this press release and the tables is as of the date indicated. The Company assumes no obligation to update any forward-looking statements as a result of new information, future events or developments. In addition, there can be no assurance that the Company has correctly identified and assessed all of the factors affecting the Company or that the publicly available and other information the Company receives with respect to these factors is complete or correct.

NEWELL BRANDS INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

(Amounts in millions, except per share amounts)

  Three Months Ended September 30,

Nine Months Ended September 30,

2026

2025

Change

2026

2025

Change

Net sales

$

1,873

$

1,806

3.7%

$

5,416

$

5,307

2.1%

Cost of products sold

1,224

1,190

3,442

3,503

Gross profit

649

616

5.4%

1,974

1,804

9.4%

Selling, general and administrative expenses

508

492

3.3%

1,499

1,471

1.9%

Restructuring costs, net

13

5

30

22

Impairment of goodwill, intangibles and other assets

101

—

101

—

Operating income

27

119

(77.3)%

344

311

10.6%

Non-operating expenses:

Interest expense, net

86

83

257

237

Loss on extinguishment of debt

16

—

16

13

Other (income) expense, net

17

(6

)

29

3

Income (loss) before income taxes

(92

)

42

NM

42

58

(27.6)%

Income tax provision (benefit)

(11

)

21

50

28

Net income (loss)

$

(81

)

$

21

NM

$

(8

)

$

30

NM

Weighted average common shares outstanding:

Basic

425.9

419.1

424.2

417.9

Diluted

425.9

423.5

424.2

422.4

Earnings (loss) per share:

Basic

$

(0.19

)

$

0.05

$

(0.02

)

$

0.07

Diluted

$

(0.19

)

$

0.05

$

(0.02

)

$

0.07

Dividends per share

$

0.07

$

0.07

$

0.21

$

0.21

* NM - NOT MEANINGFUL

NEWELL BRANDS INC.

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)

(Amounts in millions)

  September 30, 2026

December 31, 2025

Assets

Current assets

Cash and cash equivalents

$

249

$

203

Accounts receivable, net

980

987

Inventories

1,596

1,281

Prepaid expenses and other current assets

529

237

Total current assets

3,354

2,708

Property, plant and equipment, net

1,156

1,209

Operating lease assets

437

453

Goodwill

3,082

3,101

Other intangible assets, net

1,453

1,634

Deferred income taxes

792

825

Other assets

654

785

Total assets

$

10,928

$

10,715

Liabilities and Stockholders' Equity

Current liabilities

Accounts payable

$

1,121

$

931

Other accrued liabilities

1,518

1,464

Short-term debt and current portion of long-term debt

—

130

Total current liabilities

2,639

2,525

Long-term debt

4,841

4,543

Deferred income taxes

7

50

Operating lease liabilities

411

433

Other noncurrent liabilities

666

773

Total liabilities

8,564

8,324

Total stockholders' equity

2,364

2,391

Total liabilities and stockholders' equity

$

10,928

$

10,715

NEWELL BRANDS INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

(Amounts in millions)

  Nine Months Ended September 30,

2026

2025

Cash flows from operating activities:

Net income (loss)

$

(8

)

$

30

Adjustments to reconcile net income (loss) to net cash provided by operating activities:

Depreciation and amortization

234

231

Impairment of goodwill, intangibles and other assets

101

—

Deferred income taxes

(39

)

16

Stock based compensation expense

50

46

Pension settlement charge

26

—

Other, net

13

(13

)

Changes in operating accounts:

Accounts receivable

2

(13

)

Inventories

(320

)

(2

)

Prepaid expenses and other current assets

(159

)

13

Accounts payable

196

(14

)

Accrued liabilities and other, net

(3

)

(191

)

Net cash provided by operating activities

93

103

Cash flows from investing activities:

Capital expenditures

(131

)

(177

)

Proceeds from settlement of swaps

16

25

Proceeds from life insurance policies

133

24

Purchases of investment securities

(109

)

(16

)

Other investing activities, net

(21

)

29

Net cash used in investing activities

(112

)

(115

)

Cash flows from financing activities:

Proceeds from (payments on) short-term debt, net

(130

)

150

Payments on current portion of long-term debt

—

(1,235

)

Net proceeds from issuance of long-term debt and revolving credit facility

1,102

1,235

Payments on long-term debt and revolving credit facility

(795

)

—

Cash dividends

(97

)

(90

)

Other financing activities, net

(4

)

(1

)

Net cash provided by financing activities

76

59

Exchange rate effect on cash, cash equivalents and restricted cash

(2

)

3

Increase in cash, cash equivalents and restricted cash

55

50

Cash, cash equivalents and restricted cash at beginning of period

220

219

Cash, cash equivalents and restricted cash at end of period

$

275

$

269

Supplemental disclosures:

Restricted cash at beginning of period

$

17

$

21

Restricted cash at end of period

26

40

NEWELL BRANDS INC.
RECONCILIATION OF GAAP AND NON-GAAP INFORMATION (UNAUDITED)

The following tables present a reconciliation of certain non-GAAP financial measures to the most directly comparable financial measures in accordance with GAAP for the three and nine months ended September 30, 2026 and a comparison to prior year. The Company has chosen to present the following non-GAAP measures to investors to enable additional analyses of past, present and future operating performance and as a supplemental means of evaluating the Company’s performance and operating results absent the effect of certain items that are deemed to be stand-alone items apart from the Company’s core operations (“Normalized Adjustments”). While these costs or gains are not expected to continue for any individual transaction on an ongoing basis, similar types of costs, expenses and charges or gains have occurred in prior periods.

Normalized Adjustments in 2026 and 2025 include the following:

Restructuring and restructuring-related costs

The company incurs restructuring and restructuring-related costs in connection with various discrete initiatives, including our Global Productivity Plan announced in December 2025, previously disclosed initiatives such as our Realignment Plan in 2024 as well as other discrete actions. Restructuring charges primarily relate to severance and other employee termination costs as well as contract termination and other costs. Restructuring-related costs are costs that are directly attributable to a restructuring action or exit activity and would not have been incurred absent the action. Restructuring-related costs primarily relate to duplicative costs pending facility closure, asset valuation adjustments and disposal gains or losses and consulting costs. Restructuring-related costs primarily related to manufacturing and distribution personnel, facilities and assets are generally recorded in cost of products sold, while restructuring-related costs primarily related to office facilities and assets and professional or clerical personnel are generally recorded in selling, general and administrative expenses in the Condensed Consolidated Statements of Operations. Restructuring charges primarily related to the Global Productivity Plan and Realignment Plan for the three and nine months ended September 30, 2026 and 2025, respectively.

Amortization expense and impairments of acquired intangible assets

Represents the amortization expense and impairment charges associated with acquired intangible assets.

Argentina hyperinflationary currency movements

Represents the favorable or unfavorable movement in Argentine pesos related to our subsidiary operating in Argentina, which is considered a hyperinflationary economy.

(Gain) loss on divestitures and transaction costs

Represents the gain or loss on disposal of businesses or investments, which represents the difference between the fair value (less costs to sell) and carrying value of the business or investment being disposed, as well as transaction costs associated with acquisitions and divestitures.

(Gain) loss on pension settlement

Represents charges associated with settlement of certain of the Company’s defined benefit plans, which relates to the recognition of previously unrecognized actuarial losses in accumulated other comprehensive loss.

Other adjustments

Primarily includes loss on extinguishment of debt, recall costs for certain French Door Countertop Ovens, fire-related costs, net of insurance recoveries, write-off of assets not placed into service and expenses related to U.S. Tax Court legal proceeding disclosed in Footnote 10 - Income Taxes to our condensed consolidated financial statements contained in our most recent quarterly report on Form 10-Q.

Normalized income tax adjustments

The Company uses a “with” and “without” approach to calculate normalized income tax expense or benefit. At an interim period, the Company determines the year-to-date tax effect of the pretax items excluded from normalized results by allocating the difference between the calculated GAAP and calculated normalized tax expense or benefit. In addition, normalized income tax adjustments includes the income tax expense ($30 million, for each of the three months ended September 30, 2026 and 2025, $51 million and $52 million for the nine months ended September 30, 2026 and 2025, respectively) that results from the amortization of a prior year normalized tax benefit. The three and nine months ended September 30, 2025 also includes a net charge of $5 million and $9 million, respectively, related to certain discrete items including (1) an incremental tax charge relating to the Company's transition tax associated with the implementation of the Tax Cuts and Jobs Act in 2017 and (2) remeasurement of deferred taxes resulting from change in a U.S. income tax rate and surrender of insurance policies previously accounted for as a permanent difference.

NEWELL BRANDS INC.

RECONCILIATION OF GAAP AND NON-GAAP INFORMATION (UNAUDITED)

CERTAIN LINE ITEMS

(Amounts in millions, except per share amounts)

  Three Months Ended

September 30,

Nine Months Ended

September 30,

2026

2025

2026

2025

Gross profit, as reported under GAAP

$

649

$

616

$

1,974

$

1,804

As a % of net sales

34.7

%

34.1

%

36.4

%

34.0

%

Normalized Adjustments:

Restructuring-related costs:

Asset valuation adjustments and disposal gains or losses

—

—

1

1

Duplicative costs pending facility closure or exit of business activity

—

—

—

3

Argentina hyperinflationary charge

1

2

2

6

Other, net

10

7

11

7

Normalized gross profit

$

660

$

625

$

1,988

$

1,821

As a % of net sales [1]

35.2

%

34.5

%

36.7

%

34.3

%

Operating income, as reported under GAAP

$

27

$

119

$

344

$

311

As a % of net sales

1.4

%

6.6

%

6.4

%

5.9

%

Normalized Adjustments:

Restructuring:

Severance and other employee termination costs

13

4

28

21

Contract termination and other costs

—

1

2

1

Restructuring-related costs:

Asset valuation adjustments and disposal gains or losses

2

3

2

15

Duplicative costs pending facility closure or exit of business activity

1

1

3

9

Consulting costs

—

(1

)

—

(1

)

Amortization of acquired intangible assets

23

24

71

70

Impairment of acquired intangible assets

101

—

101

—

Loss on divestitures and transaction costs

—

1

3

1

Argentina hyperinflationary charge

1

2

2

6

Other, net

16

8

26

8

Total normalized adjustments to operating income, as reported under GAAP

157

43

238

130

Normalized operating income

$

184

$

162

$

582

$

441

As a % of net sales [1]

9.8

%

8.9

%

10.7

%

8.3

%

NEWELL BRANDS INC.

RECONCILIATION OF GAAP AND NON-GAAP INFORMATION (UNAUDITED)

CERTAIN LINE ITEMS

(Amounts in millions, except per share amounts)

  Three Months Ended

September 30,

Nine Months Ended

September 30,

2026

2025

2026

2025

Income (loss) before income taxes, as reported under GAAP

$

(92

)

$

42

$

42

$

58

Normalized Adjustments:

Restructuring:

Severance and other employee termination costs

13

4

28

21

Contract termination and other costs

—

1

2

1

Restructuring-related costs:

Asset valuation adjustments and disposal gains or losses

2

3

2

15

Duplicative costs pending facility closure or exit of business activity

1

1

3

9

Consulting costs

—

(1

)

—

(1

)

Amortization of acquired intangible assets

23

24

71

70

Impairment of acquired intangible assets

101

—

101

—

(Gain) loss on divestitures and transaction costs

(1

)

(11

)

2

(12

)

Loss on pension settlement

19

—

26

—

Argentina hyperinflationary charge

2

6

4

14

Other, net

27

7

38

22

Normalized income before income taxes

$

95

$

76

$

319

$

197

Income tax provision (benefit), as reported under GAAP

$

(11

)

$

21

$

50

$

28

Effective income tax rates, as reported under GAAP

(12.0

)%

50.0

%

119.0

%

48.3

%

Normalized income tax adjustments

20

(15

)

24

4

Normalized income tax provision

$

9

$

6

$

74

$

32

Effective income tax rates, as adjusted

9.5

%

7.9

%

23.2

%

16.2

%

NEWELL BRANDS INC.

RECONCILIATION OF GAAP AND NON-GAAP INFORMATION (UNAUDITED)

CERTAIN LINE ITEMS

(Amounts in millions, except per share amounts)

  Three Months Ended

September 30,

Nine Months Ended

September 30,

2026

2025

2026

2025

        Weighted average common shares outstanding:

        Basic

  425.9

  419.1

  424.2

  417.9

Diluted

  435.8

  423.5

  431.9

  422.4

        Net income (loss) and diluted earnings (loss) per share, as reported under GAAP

$

(81

)

  $

(0.19

)

$

21

  $

0.05

$

(8

)

  $

(0.02

)

$

30

  $

0.07

        Normalized Adjustments:

        Restructuring:

        Severance and other employee termination costs

13

  0.03

4

  0.01

28

  0.06

21

  0.05

Contract termination and other costs

—

  —

1

  —

2

  —

1

  —

Restructuring-related costs:

        Asset valuation adjustments and disposal gains or losses

2

  —

3

  0.01

2

  —

15

  0.04

Duplicative costs pending facility closure or exit of business activity

1

  —

1

  —

3

  0.01

9

  0.02

Consulting costs

—

  —

(1

)

  —

—

  —

(1

)

  —

Amortization of acquired intangible assets

23

  0.05

24

  0.06

71

  0.16

70

  0.17

Impairment of acquired intangible assets

101

  0.23

—

  —

101

  0.23

—

  —

(Gain) loss on divestitures and transaction costs

(1

)

  —

(11

)

  (0.03

)

2

  —

(12

)

  (0.03

)

Loss on pension settlement

19

  0.04

—

  —

26

  0.06

—

  —

Argentina hyperinflationary charge

2

  —

6

  0.01

4

  0.01

14

  0.03

Other, net

27

  0.06

7

  0.02

38

  0.09

22

  0.05

Normalized income tax adjustments

(20

)

  (0.05

)

15

  0.04

(24

)

  (0.06

)

(4

)

  (0.01

)

Total normalized adjustments, net of tax

167

  49

  253

  135

  Normalized net income and

normalized diluted earnings per share*

$

86

  $

0.20

$

70

  $

0.17

$

245

  $

0.57

$

165

  $

0.39

*Totals may not add due to rounding

        NEWELL BRANDS INC.

RECONCILIATION OF GAAP AND NON-GAAP INFORMATION (UNAUDITED)

(Amounts in millions)

SEGMENT REPORTING

  Three Months Ended September 30, 2026

Three Months Ended September 30, 2025

Change

Net

Sales

Reported Operating Income (Loss)

Reported Operating Margin

Normalized

Items [1]

Normalized

Operating Income (Loss) [1]

Normalized Operating Margin

Net

Sales

Reported Operating Income (Loss)

Reported Operating Margin

Normalized

Items [1]

Normalized

Operating Income (Loss) [1]

Normalized Operating Margin [2]

Net Sales

Normalized

Operating

Income (Loss)

$

  %

$

  %

Home and Commercial Solutions

$

1,012

$

(37

)

(3.7

)%

$

123

$

86

8.5

%

$

942

$

40

4.2

%

$

24

$

64

6.8

%

$

70

  7.4

%

$

22

  34.4

%

Learning and Development

692

137

19.8

%

20

157

22.7

%

681

124

18.2

%

6

130

19.1

%

11

  1.6

%

27

  20.8

%

Outdoor and Recreation

169

(14

)

(8.3

)%

4

(10

)

(5.9

)%

183

(8

)

(4.4

)%

7

(1

)

(0.5

)%

(14

)

  (7.7

)%

(9

)

  NM

Corporate

—

(59

)

—

%

10

(49

)

—

%

—

(37

)

—

%

6

(31

)

—

%

—

  —

%

(18

)

  (58.1

)%

$

1,873

$

27

1.4

%

$

157

$

184

9.8

%

$

1,806

$

119

6.6

%

$

43

$

162

8.9

%

$

67

  3.7

%

$

22

  13.6

%

Nine Months Ended September 30, 2026

Nine Months Ended September 30, 2025

Change

Net

Sales

Reported Operating Income (Loss)

Reported Operating Margin

Normalized

Items [1]

Normalized

Operating Income (Loss) [1]

Normalized Operating Margin

Net

Sales

Reported Operating Income (Loss)

Reported Operating Margin

Normalized

Items [1]

Normalized

Operating Income (Loss) [1]

Normalized Operating Margin [2]

Net Sales

Normalized

Operating

Income (Loss)

$

  %

$

  %

Home and Commercial Solutions

$

2,695

$

9

0.3

%

$

163

$

172

6.4

%

$

2,646

$

62

2.3

%

$

66

$

128

4.8

%

$

49

  1.9

%

$

44

  34.4

%

Learning and Development

2,137

553

25.9

%

30

583

27.3

%

2,062

424

20.6

%

16

440

21.3

%

75

  3.6

%

143

  32.5

%

Outdoor and Recreation

584

(17

)

(2.9

)%

14

(3

)

(0.5

)%

599

(5

)

(0.8

)%

17

12

2.0

%

(15

)

  (2.5

)%

(15

)

  NM

Corporate

—

(201

)

—

%

31

(170

)

—

%

—

(170

)

—

%

31

(139

)

—

%

—

  —

%

(31

)

  (22.3

)%

$

5,416

$

344

6.4

%

$

238

$

582

10.7

%

$

5,307

$

311

5.9

%

$

130

$

441

8.3

%

$

109

  2.1

%

$

141

  32.0

%

  * NM - NOT MEANINGFUL

NEWELL BRANDS INC.

RECONCILIATION OF GAAP AND NON-GAAP INFORMATION (UNAUDITED)

CORE SALES GROWTH BY SEGMENT

  Three Months Ended September 30, 2026

Nine Months Ended September 30, 2026

Net Sales Growth

(Reported)

  Divestitures and Other,

Net [2]

  Currency

Impact [3]

  Core

Sales

Growth [1] [4]

Net Sales Growth

(Reported)

  Divestitures and Other,

Net [2]

  Currency

Impact [3]

  Core

Sales

Growth [1] [4]

            Home and Commercial Solutions

7.4

%

  (0.3

)%

  (1.1

)%

  6.0

%

1.9

%

  —

%

  (2.0

)%

  (0.1

)%

Learning and Development

1.6

%

  0.5

%

  0.2

%

  2.3

%

3.6

%

  0.3

%

  (0.6

)%

  3.3

%

Outdoor and Recreation

(7.7

)%

  0.3

%

  1.0

%

  (6.4

)%

(2.5

)%

  0.7

%

  (0.5

)%

  (2.3

)%

Total Company

3.7

%

  —

%

  (0.4

)%

  3.3

%

2.1

%

  0.2

%

  (1.4

)%

  0.9

%

CORE SALES GROWTH BY GEOGRAPHY

  Three Months Ended September 30, 2026

Nine Months Ended September 30, 2026

Net Sales Growth

(Reported)

  Divestitures and Other,

Net [2]

  Currency

Impact [3]

  Core

Sales

Growth [1] [4]

Net Sales Growth

(Reported)

  Divestitures and Other,

Net [2]

  Currency

Impact [3]

  Core

Sales

Growth [1] [4]

            North America

2.8

%

  (0.1

)%

  0.1

%

  2.8

%

1.9

%   0.2

%

  —

%

  2.1

%

International

5.5

%

  0.4

%

  (1.5

)%

  4.4

%

2.4

%   0.2

%

  (3.8

)%

  (1.2

)%

Total Company

3.7

%

  —

%

  (0.4

)%

  3.3

%

2.1

%   0.2

%

  (1.4

)%

  0.9

%

[1]

“Core Sales” provides a consistent basis for year-over-year comparisons in sales as it excludes the impacts of acquisitions, divestitures, retail store openings and closings, certain market and category exits, as well as changes in foreign currency.

[2]

"Divestitures and other, net" includes certain product line exits, divestitures, returns related to the French Door Countertop Ovens recall (within the Home and Commercial Solutions segment) and current and prior period net sales from retail store closures (consistent with standard retail practice).

[3]

“Currency Impact” represents the effect of foreign currency on 2026 reported sales and is calculated by applying the 2025 average monthly exchange rates to the current year local currency sales amounts (excluding acquisitions and divestitures) and comparing to 2025 reported sales.

[4]

Totals may not add due to rounding.

NEWELL BRANDS INC.

RECONCILIATION OF GAAP AND NON-GAAP INFORMATION (UNAUDITED)

(Amounts in millions)

NORMALIZED EBITDA RECONCILIATION

      Three Months Ended

September 30,

  Change

Nine Months Ended

September 30,

  Change

2026

  2025

  $

%

2026

  2025

  $

%

        Net income (loss), as reported under GAAP [1]

$

(81

)

  $

21

  $

(102

)

NM

$

(8

)

  $

30

  $

(38

)

NM

Total normalized adjustments, net of tax [2]

167

  49

  253

  135

  Normalized net income [2]

86

  70

  245

  165

          Normalized income tax [3]

9

  6

  74

  32

  Interest expense, net [1]

86

  83

  257

  237

  Normalized depreciation and amortization [2] [4] [5]

54

  53

  163

  161

  Stock-based compensation [4]

13

  13

  50

  46

  Normalized EBITDA [6]

$

248

  $

225

  $

23

10.2

%

$

789

  $

641

  $

148

23.1

%

*NM - NOT MEANINGFUL

        [1]

Refer to “Condensed Consolidated Statements of Operations (Unaudited)” for the three and nine months ended September 30, 2026 and 2025 in this release.

[2]

Refer to Total normalized adjustments, net of tax in the "Reconciliation of GAAP and Non-GAAP Information (Unaudited) - Certain Line Items" for the three and nine months ended September 30, 2026 and 2025 in this release.

[3]

Refer to Normalized income tax provision in the "Reconciliation of GAAP and Non-GAAP Information (Unaudited) - Certain Line Items" for the three and nine months ended September 30, 2026 and 2025 in this release.

[4]

Refer to "Condensed Consolidated Statement of Cash Flows (Unaudited)" for the nine months ended September 30, 2026 and 2025 in this release.

[5]

Normalized depreciation and amortization exclude the amortization of acquired intangibles. For the three months ended September 30, 2026 and 2025 excludes $23 million and $24 million, respectively and $71 million and $70 million for the nine months ended September 30, 2026 and 2025, respectively.

[6]

The Company defines Normalized EBITDA as earnings before interest, taxes, depreciation and amortization, adjusted for certain items and non-cash stock-based compensation expense.

NEWELL BRANDS INC.

RECONCILIATION OF GAAP AND NON-GAAP INFORMATION (UNAUDITED)

(Amounts in millions)

NET DEBT AND TRAILING-TWELVE MONTHS NORMALIZED EBITDA RECONCILIATION

  Trailing-twelve months ended

September 30, 2026

Twelve months ended

December 31, 2025

Trailing-twelve months ended

September 30, 2025

Net debt reconciliation:

Short-term debt and current portion of long-term debt

$

—

$

130

$

237

Long-term debt

4,841

4,543

4,540

Gross debt

4,841

4,673

4,777

Less: Cash and cash equivalents

249

203

229

Net debt [1]

$

4,592

$

4,470

$

4,548

Net loss, as reported under GAAP

$

(323

)

$

(285

)

$

(24

)

Normalized adjustments:

Restructuring:

Severance and other employee termination costs

67

60

25

Contract termination and other costs

3

2

2

Restructuring-related costs:

Asset valuation adjustments and disposal gains or losses

4

17

20

Duplicative costs pending facility closure or exit of business activity

6

12

12

Consulting costs

—

(1

)

—

Amortization of acquired intangible assets

93

92

94

Impairment of acquired intangible assets

441

340

85

Gain on divestitures and transaction costs

8

(6

)

(5

)

(Gain) loss on pension settlement

26

—

(1

)

Argentina hyperinflationary charge

6

16

17

Other, net

59

43

34

Normalized income tax adjustments

(70

)

(50

)

(25

)

Total normalized adjustments, net of tax

643

525

258

Normalized net income

320

240

234

Normalized income tax

76

34

28

Interest expense, net

341

321

309

Normalized depreciation and amortization [2]

221

219

215

Stock based compensation expense

72

68

71

Normalized EBITDA

$

1,030

$

882

$

857

NEWELL BRANDS INC.

RECONCILIATION OF GAAP AND NON-GAAP INFORMATION (UNAUDITED)

(Amounts in millions)

NORMALIZED OVERHEADS

  Three Months Ended September 30,

Nine Months Ended September 30,

2026

2025

2026

2025

Selling, general and administrative expenses, as reported under GAAP [1]

$

508

$

492

$

1,499

$

1,471

Normalized Adjustments: [2]

Amortization of acquired intangible assets

23

24

71

70

Restructuring-related costs

3

3

4

19

Transactions costs and other

6

2

18

2

Normalized selling, general and administrative expenses

476

463

1,406

1,380

Advertising and promotion costs

129

124

325

306

Normalized overheads [3]

$

347

$

339

$

1,081

$

1,074

As a % of net sales [4]

18.5

%

18.7

%

20.0

%

20.2

%

[1]

Refer to “Condensed Consolidated Statements of Operations (Unaudited)” for the three and nine months ended September 30, 2026 and 2025 in this release.

[2]

Refer to Total normalized adjustments, net of tax in the "Reconciliation of GAAP and Non-GAAP Information (Unaudited) - Certain Line Items" for the three and nine months ended September 30, 2026 and 2025 in this release.

[3]

Normalized overheads is calculated as selling, general and administrative expenses as reported under GAAP adjusted for certain items that are deemed stand-alone items apart from the Company's core operations ("Normalized Adjustments") and excluding advertising and promotion costs. Refer to Total normalized adjustments to operating income (loss), as reported under GAAP in the "Reconciliation of GAAP and Non-GAAP Information (Unaudited) - Certain Line Items" for the three and nine months ended September 30, 2026 and 2025 in this release for further information.

[4]

The three and nine months ended September 30, 2025, normalized overhead as a percent of net sales were calculated using net sales that exclude the $5 million impact of returns related to the French Door Countertop Ovens recall for purposes of comparability.

NEWELL BRANDS INC.

RECONCILIATION OF GAAP AND NON-GAAP INFORMATION (UNAUDITED) 

CORE SALES OUTLOOK

  Three Months Ending

December 31, 2026

Twelve Months Ending

December 31, 2026

Estimated net sales change (GAAP)

1%

to

3%

2%

to

3%

Estimated currency impact [1] and divestitures and other, net [2]

Flat

-1%

Core sales change (Non-GAAP) [3]

1%

to

3%

1%

to

2%

More News From Newell Brands

Bitcoin Crashes to $76K, $1.5B Liquidated After Crypto’s Biggest Hack

Bitcoin price has fallen nearly 2% over the past 24 hours to $78,420, as a multibillion-dollar security breach at Binance triggered selling across crypto markets and wiped out more than $1.5 billion in leveraged trading positions.

Summary

Bitcoin fell 2.08% to $78,419.97 as news of the Binance security breach weighed on the cryptocurrency market.
The sell-off triggered approximately $1.54 billion in crypto liquidations, including $1.3 billion in long positions.
The Federal Reserve held rates at 3.75%–4%, with two officials favoring an increase.
U.S. spot Bitcoin ETFs reportedly attracted $17.07 million on October 29 despite falling cryptocurrency prices.
Bitcoin faces resistance around $80,188, with traders watching $76,300 and $73,000 as potential support levels.

According to CoinGlass, about 239,000 traders faced liquidations totaling $1.54 billion over 24 hours, with bullish positions accounting for roughly $1.30 billion. Bitcoin briefly traded below $77,000 before recovering toward $78,500, although buyers have struggled to reclaim the $80,000 level.

The largest reported single liquidation was an $11.09 million BTC/USDT position on Binance. Meanwhile, the exchange said its October 29 security incident affected approximately $6.3 billion in cryptocurrency, with roughly $3 billion frozen through coordinated recovery efforts.

Binance hack sends Bitcoin price below $80,000
The market decline accelerated after Binance disclosed unauthorized transfers involving several exchange-controlled wallets. The suspected breach affected assets across multiple blockchains, including Bitcoin, Ethereum and Tron.

Binance’s initial investigation pointed to a compromised DevOps engineer’s laptop, which may have allowed an attacker to access internal systems and submit unauthorized withdrawals. The company said it found no evidence of leaked wallet private keys.

As previously reported by crypto.news, blockchain security firm Blockaid identified an Ethereum transaction containing 50 wallet authorizations, one of which successfully gave the attacker control over a major Binance hot wallet.

The exchange has pledged to cover customer losses through its SAFU fund and company resources. Deposits remain operational, but withdrawals were paused while security teams upgraded withdrawal systems and address controls.

During the sell-off, Bitcoin fell alongside other major cryptocurrencies as traders closed leveraged positions. Long liquidations accounted for most of the $1.54 billion market-wide total, adding selling pressure as prices moved lower.

Source: CoinGlass
Federal Reserve decision adds pressure to crypto markets
Bitcoin was already struggling before the Binance incident, with investors assessing the Federal Reserve’s October 28 interest rate decision.

The Federal Reserve maintained its benchmark rate between 3.75% and 4%, while two officials voted for a quarter-point increase. Policymakers said inflation remained elevated despite continued economic growth.

Bitcoin had fallen below $80,000 following the decision, even as institutional investment products continued attracting fresh capital.

Market data supplied for October 30 showed Bitcoin maintaining a 65% correlation with the S&P 500 and 61% with gold. The figures indicate that the assets had recently moved in similar directions, although they do not establish that macroeconomic conditions caused the latest cryptocurrency sell-off.

Bitcoin ETFs attract inflows despite widespread selling
U.S. spot Bitcoin exchange-traded funds continued attracting investment ahead of the latest market decline.

According to SoSoValue data, the funds recorded $17.07 million in net inflows on October 29, extending their positive streak to four trading sessions.

Bitcoin spot ETF net inflow, source: SoSoValue
The previous three sessions had brought in nearly $423.66 million, following withdrawals totaling roughly $773.5 million on October 22 and 23.

Despite the recovery in Bitcoin ETF inflows, the cryptocurrency remained below $80,000. Ethereum ETFs experienced a different pattern, recording approximately $105 million in net withdrawals on October 29.

Attention has now turned to Bitcoin options expiring on October 30. Deribit data indicated that contracts with a notional value of almost $10.8 billion were scheduled to expire, with $78,000 identified as a major options positioning level.

$10.86B in Bitcoin options expire tomorrow, and traders are paying a serious premium for downside protection.

BTC's short-dated put options are priced more than 10 volatility points above calls, according to Deribit.

A lot of the open calls sit between $90K and $100K. With BTC… pic.twitter.com/epVLUilqws

— That Martini Guy ₿ (@MartiniGuyYT) October 29, 2026

Bitcoin price analysis: can BTC reclaim $80,000?
Bitcoin’s daily chart continues to show bearish momentum, with the cryptocurrency trading below its nine-day exponential moving average of $80,188.

The latest rebound from approximately $76,500 toward $78,556 has not yet reversed the recent pattern of lower highs. A daily close above $80,188 would put the $82,000–$84,000 resistance region back in focus.

Bitcoin price chart, source: crypto.news
Meanwhile, the moving average convergence divergence indicator remains negative, with a MACD reading of -797.94 against a signal line of -384.42. The histogram stands at -413.52, showing that downward momentum remains stronger than the recent recovery.

Crypto analyst Rekt Capital observed that Bitcoin had not yet experienced the extreme selling volume often associated with capitulation. He identified approximately $81,400 as an important weekly level after Bitcoin struggled to hold above it.

Ali Martinez identified the 200-day moving average near $73,000 as another potential downside area if selling continues.

Separately, Doctor Profit argued that Binance could eventually need to buy replacement assets to cover unrecovered losses. His bullish interpretation depends on future recovery arrangements and purchases that Binance has not quantified.

$BTC:

Binance needs to replace the missing assets. Whatever cannot be restored through recoveries or existing company holdings needs to be BOUGHT BACK. The exact purchase amounts have not been announced.

The estimated impact is $6.3 BILLION, with approximately $3 BILLION…

— Doctor Profit 🇨🇭 (@DrProfitCrypto) October 30, 2026

The immediate technical levels remain $80,188 on the upside and approximately $76,300 below the market, with the $73,000 region identified by Ali Martinez as a possible lower support area.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. (NASDAQ: NXST) announced today that its Board of Directors declared a quarterly cash dividend of $1.86 per share of its common stock. The dividend is payable on Friday, November 27, 2026, to shareholders of record on Friday, November 13, 2026. While the Company intends to pay regular quarterly cash dividends for the foreseeable future, all subsequent dividends will be reviewed quarterly and declared by the Board of Directors at its discr.

Harley-Davidson, Inc. ( HOG ) Q3 2026 Earnings Call October 29, 2026 9:00 AM EDT Company Participants Arthur Starrs - CEO, President & Director Jonathan Root - CFO & Chief Commercial Officer Conference Call Participants Spencer Hanus Joseph Altobello - Raymond James & Associates, Inc., Research Division Anthony Bonadio - Wells Fargo Securities, LLC, Research Division Noah Zatzkin - KeyBanc Capital Markets Inc., Research Division Craig Kennison - Robert W. Baird & Co. Incorporated, Research Division Andrew Didora - BofA Securities, Research Division Tristan Thomas-Martin - BMO Capital Markets Equity Research James Hardiman - Citigroup Inc., Research Division Robin Farley - UBS Investment Bank, Research Division Presentation Operator Thank you for standing by, and welcome to the Harley-Davidson 2026 Third Quarter Investor and Analyst Conference Call.

BFA Law is investigating the $23.50 per share merger, announced on October 26, 2026, in which Bon Secours Mercy Health, Inc. is set to acquire Surgery Partners, while Surgery Partners’ largest stockholder, Bain Capital, is rolling over its equity into the post-merger entity; current stockholders are notified to contact the firm  | Source: Bleichmar Fonti & Auld

NEW YORK, Oct. 30, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that it is investigating the going private merger whereby Surgery Partners, Inc. (NASDAQ: SGRY) is being taken private by Bon Secours Mercy Health, Inc. Surgery Partners is incorporated in Delaware.

If you are a current stockholder of Surgery Partners, Inc., you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/surgery-partners-merger-investigation.

Key Details of the Surgery Partners ($SGRY) Investigation:

Investigation Overview: Breaches of Fiduciary Duty in connection with the merger in which Surgery Partners’ largest stockholder, Bain Capital, is rolling over their equity, but all other stockholders are being cashed out for $23.50 per share.Action: Contact BFA Law to discuss your rights Why is the Surgery Partners Transaction being Investigated?

In the October 26, 2026 announcement of the merger, Surgery Partners disclosed that it was being taken private by Bon Secours Mercy Health, Inc., for a price of $23.50 per share. At the same time, the company disclosed that Bain Capital would be rolling over its equity into the post-merger entity. Bain Capital currently owns 39% of the company’s outstanding shares.

Surgery Partners has reported that the decision to enter into the merger was approved by a special committee of its board of directors, and the merger is conditioned on the majority approval of the minority stockholders. While Bain Capital’s ownership of the enterprise will continue, public stockholders have no opportunity to continue owning Surgery Partners after the merger.

BFA is investigating whether the terms of the merger comply with Delaware law, including whether Bain Capital’s self-interest in the merger caused related breaches of fiduciary duty, and whether the per share price is a fair price for the public stockholders’ shares of Surgery Partners stock.

Click here for more information:

https://www.bfalaw.com/cases/surgery-partners-merger-investigation

What Can You Do?

If you are a current holder of Surgery Partners stock, you may have legal options and are encouraged to submit your information to the firm.

All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.

Submit your information by visiting:

https://www.bfalaw.com/cases/surgery-partners-merger-investigation

Or contact:

Adam McCall
[email protected]
212.789.3619

Why Bleichmar Fonti & Auld LLP?

BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “SuperLawyers” by Thomson Reuters.

Most recently, The Legal 500 awarded BFA the most client satisfaction accolades of any plaintiff’s securities litigation law firm, with clients noting: “[t]here is no better service provider in the practice area,” “[t]he interest of the client is always front and center,” and “[t]here isn’t a better firm in this space.” One testimonial described the firm as “nimble and entrepreneurial,” with a “relentless focus on adding value for clients.”

Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.

For more information about BFA and its attorneys, please visit https://www.bfalaw.com.

https://www.bfalaw.com/cases/surgery-partners-merger-investigation

Attorney advertising. Past results do not guarantee future outcomes.

https://www.bfalaw.com/cases/surgery-partners-merger-investigation

34.57K Followers

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

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

Trump: The war with Iran will end soon, no matter what form it takes.

U.S. President Donald Trump said the war with Iran will end soon, by whatever means.

19 minutes ago

CZ responds to Bitcoin's resilience amid market downturns: Traditional market declines typically weigh on the crypto market, yet Bitcoin has demonstrated remarkable resilience.

Binance founder CZ has responded to community discussions about Bitcoin’s resistance to price declines, stating that the leading cryptocurrency’s performance is quite surprising given the larger drops seen in traditional financial markets today. Historically, downturns in traditional markets weigh on crypto prices as investors sell assets to hoard cash, but Bitcoin has shown remarkable resilience this time. Earlier, some community users noted that a $6 billion+ hack on the world’s largest crypto exchange would likely trigger a sharp Bitcoin price slump, yet the token only fell around 3% that day—leading many to believe the market bottom may be approaching.

19 minutes ago

After being liquidated, "Maji" reloaded $250,000 to go long, bringing the total value of his long positions to around $5.88 million.

According to on-chain analyst Yu Jin’s monitoring, after all ETH long positions were liquidated this morning, crypto figure Huang Licheng, nicknamed "Big Brother Ma Ji", deposited 250,000 USDC to go long again in the afternoon. He currently holds long positions in ETH, HYPE, and BTC totaling approximately $5.88 million. This time, he still used high leverage, with the liquidation price for his ETH position standing at $2,161—only about $86 below the market price at that time. Ma Ji has been trading on Hyperliquid for nearly a year and a half, with a cumulative trading volume of $15.86 billion and a total accumulated loss of roughly $37.05 million.

19 minutes ago

Bitget's rToken and Stock+ trading will switch to winter time starting November 1st.

According to an official announcement, due to the US market’s winter time transition, Bitget’s rToken and Stock+ trading sessions will operate on winter time rules starting November 1, with all trading hours delayed by 1 hour. The adjusted schedule (UTC+8) is as follows: Pre-market trading: 17:00–22:30; Regular session: 22:30–05:00 the next day; After-hours trading: 05:00–09:00; Night session: 09:00–17:00. Additionally, rToken’s weekend trading feature remains unaffected, and users can still trade on weekends. More details are available on Bitget’s official platform.

19 minutes ago

Jupiter Earn: Liquidity crunch affecting withdrawals, no exposure to Binance.

Jupiter Earn posted an announcement stating that due to overall market conditions, the platform is currently experiencing liquidity stress, which is disrupting withdrawal processing. The platform noted that as users deposit funds or repay loans, liquidity will be replenished, allowing withdrawals to resume. It added that this situation is normal and expected amid current market events, with liquidity projected to recover shortly. Jupiter Lend separately clarified that it is not impacted by the ongoing Binance incident, holds no risk exposure to Binance, and will continue to monitor the event’s developments.

19 minutes ago

Renowned trader: Binance’s replenishment of stolen assets could drive buying pressure, and the trader still maintains a bullish stance on Bitcoin.

Well-known trader Doctor Profit has posted that he remains bullish on Bitcoin, and believes Binance’s need to compensate for its stolen assets could generate buying demand. The portion that cannot be covered through asset recovery or the exchange’s existing holdings will need to be repurchased, though the exact purchase amount has not been revealed. Doctor Profit estimates the incident involves around $6.3 billion, of which roughly $3 billion has been frozen. He projects that after Tether and Circle reissue the corresponding assets, the remaining gap will stand at approximately $3.3 billion, equal to about 2.05% of Binance’s total assets. Based on this, he judges that if no more funds are frozen later, Binance will need to repurchase roughly $3.3 billion in crypto assets, including Bitcoin, and views this potential replenishment requirement as capital inflow. Doctor Profit added that the incident has not shaken his bullish stance: he still holds his Bitcoin long position opened at $80,400 and spot Bitcoin bought at $60,000. He noted that he was prepared for volatility before entering the market and will not exit his positions over this incident.

19 minutes ago

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Trump: The war with Iran will end soon, no matter what form it takes.

U.S. President Donald Trump said the war with Iran will end soon, by whatever means.

19 minutes ago

CZ responds to Bitcoin's resilience amid market downturns: Traditional market declines typically weigh on the crypto market, yet Bitcoin has demonstrated remarkable resilience.

Binance founder CZ has responded to community discussions about Bitcoin’s resistance to price declines, stating that the leading cryptocurrency’s performance is quite surprising given the larger drops seen in traditional financial markets today. Historically, downturns in traditional markets weigh on crypto prices as investors sell assets to hoard cash, but Bitcoin has shown remarkable resilience this time. Earlier, some community users noted that a $6 billion+ hack on the world’s largest crypto exchange would likely trigger a sharp Bitcoin price slump, yet the token only fell around 3% that day—leading many to believe the market bottom may be approaching.

19 minutes ago

After being liquidated, "Maji" reloaded $250,000 to go long, bringing the total value of his long positions to around $5.88 million.

According to on-chain analyst Yu Jin’s monitoring, after all ETH long positions were liquidated this morning, crypto figure Huang Licheng, nicknamed "Big Brother Ma Ji", deposited 250,000 USDC to go long again in the afternoon. He currently holds long positions in ETH, HYPE, and BTC totaling approximately $5.88 million. This time, he still used high leverage, with the liquidation price for his ETH position standing at $2,161—only about $86 below the market price at that time. Ma Ji has been trading on Hyperliquid for nearly a year and a half, with a cumulative trading volume of $15.86 billion and a total accumulated loss of roughly $37.05 million.

19 minutes ago

Bitget's rToken and Stock+ trading will switch to winter time starting November 1st.

According to an official announcement, due to the US market’s winter time transition, Bitget’s rToken and Stock+ trading sessions will operate on winter time rules starting November 1, with all trading hours delayed by 1 hour. The adjusted schedule (UTC+8) is as follows: Pre-market trading: 17:00–22:30; Regular session: 22:30–05:00 the next day; After-hours trading: 05:00–09:00; Night session: 09:00–17:00. Additionally, rToken’s weekend trading feature remains unaffected, and users can still trade on weekends. More details are available on Bitget’s official platform.

19 minutes ago

Jupiter Earn: Liquidity crunch affecting withdrawals, no exposure to Binance.

Jupiter Earn posted an announcement stating that due to overall market conditions, the platform is currently experiencing liquidity stress, which is disrupting withdrawal processing. The platform noted that as users deposit funds or repay loans, liquidity will be replenished, allowing withdrawals to resume. It added that this situation is normal and expected amid current market events, with liquidity projected to recover shortly. Jupiter Lend separately clarified that it is not impacted by the ongoing Binance incident, holds no risk exposure to Binance, and will continue to monitor the event’s developments.

19 minutes ago

Renowned trader: Binance’s replenishment of stolen assets could drive buying pressure, and the trader still maintains a bullish stance on Bitcoin.

Well-known trader Doctor Profit has posted that he remains bullish on Bitcoin, and believes Binance’s need to compensate for its stolen assets could generate buying demand. The portion that cannot be covered through asset recovery or the exchange’s existing holdings will need to be repurchased, though the exact purchase amount has not been revealed. Doctor Profit estimates the incident involves around $6.3 billion, of which roughly $3 billion has been frozen. He projects that after Tether and Circle reissue the corresponding assets, the remaining gap will stand at approximately $3.3 billion, equal to about 2.05% of Binance’s total assets. Based on this, he judges that if no more funds are frozen later, Binance will need to repurchase roughly $3.3 billion in crypto assets, including Bitcoin, and views this potential replenishment requirement as capital inflow. Doctor Profit added that the incident has not shaken his bullish stance: he still holds his Bitcoin long position opened at $80,400 and spot Bitcoin bought at $60,000. He noted that he was prepared for volatility before entering the market and will not exit his positions over this incident.

19 minutes ago