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Revolution Medicines (RVMD +1.26%) has been one of the hottest biotech stocks this year, thanks to meaningful clinical and regulatory progress with its most important product, Rasonque. In August, the company earned U.S. approval for this medicine to treat certain patients with pancreatic cancer. Revolution Medicines had already gained significant market value by then. Before the approval, Duquesne Family Office, a single-family office led by the billionaire Stanley Druckenmiller, increased its stake in Revolution Medicines by 26.5% during the second quarter. Was that a good move by the investment firm? Should investors purchase shares of the biotech after its amazing run this year?

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Revolution Medicines' big breakthrough Revolution Medicines' approval for Rasonque was a big deal. Here is why. This medicine targets a cancer mechanism that, for decades, was considered "undruggable." However, the biotech cracked the code, proving in clinical trials that Rasonque's mechanism of action can succeed where many others had failed before. In a Phase 3 study, Rasonque was pitted against the standard of care, cytotoxic chemotherapy, in certain patients with pancreatic cancer.

Rasonque was the winner, achieving a median overall survival -- the most important endpoint in oncology clinical trials -- of 13.2 months versus 6.7 months for chemotherapy. Scientific breakthroughs don't always translate into commercial successes, but in this case, it should. Rasonque could become the standard of care in the indication it has already earned in the U.S. The medicine will cost about $478,000 per year for patients paying out of pocket.

Almost nobody pays the list price, of course. Between discounts, rebates, and insurance coverage, most patients won't pay anywhere near that much money. Still, Revolution Medicines is looking at a fairly attractive market, even though it has only earned approval for patients who have already received at least one prior systemic therapy and are ineligible for a treatment approach that combines two or more drugs. According to some estimates, there are 55,000 patients diagnosed with metastatic pancreatic cancer in the U.S. annually.

Revolution Medicines estimates that, historically, about 19,000 of those patients move on to receive second-line treatment. That's a useful benchmark for Rasonque's sales projections. The medicine should achieve significant penetration in this market, since it beat the standard of care in a head-to-head study. Assuming a roughly 30% net discount from its list price, which is within management's range, we are looking at a nearly $3 billion annual opportunity, a figure that could continue to grow as the U.S. population ages, since the average age of patients when they get a diagnosis of pancreatic cancer is about 70.

$186.22+$2.32 (+1.26%)

NASDAQ · As of 4:00 PM ET 10/27/26

Is the stock too expensive? There is more good news. Rasonque is being tested in several other clinical trials. Revolution Medicines sees a much larger opportunity ahead, with ongoing studies for Rasonque as a potential first-line treatment for metastatic pancreatic cancer. Further, the medicine is also targeting certain patients with lung cancer, the leading cause of cancer death worldwide. And beyond Rasonque, Revolution Medicines has a couple of other products in its pipeline that could make significant progress over the next few years.

The company is no doubt innovative, but is the stock still worth buying at current levels? Revolution Medicines' market cap is about $40 billion as of writing. The company has lost market value since the Rasonque approval, likely partly due to some profit-taking. Assuming a 12% required rate of return and a forward price-to-sales ratio of 4 by 2031, Revolution Medicines would need to generate $17.62 billion in revenue in 2032 for its market cap to be justified today.

According to some estimates, Rasonque could generate $15.1 billion in revenue by 2034 from pancreatic cancer alone. That's not including potential indications elsewhere. Revolution Medicines could also launch other drugs in the meantime. Of course, the company may face clinical or regulatory setbacks. I'd like a more generous margin of safety, especially since we are talking about a company in the highly volatile biotech industry. Still, Revolution Medicines' stock looks much more attractive than it did a few months ago. I'd seriously consider buying if the market cap falls by another $5 billion or so.

San Francisco, California--(Newsfile Corp. - October 27, 2026) - Fluence Energy (NASDAQ: FLNC) faces a securities class action, which seeks to represent investors who purchased or otherwise acquired Fluence securities between November 24, 2025 and September 16, 2026.

The suit follows a stream of unexpected earnings announcements that were apparently at odds with Fluence's assurances that it was positioned to capitalize on surging demand for data centers, and which collectively wiped out roughly $3 billion of the company's market capitalization.

National shareholders rights firm Hagens Berman continues its investigation into claims that Fluence violated the federal securities laws.

The firm urges Fluence investors who suffered substantial losses to submit your losses now. In addition, persons with knowledge who may be able to assist the investigation are invited to contact the firm's attorneys.

Class Period: Nov. 24, 2025 – Sept. 16, 2026
Lead Plaintiff Deadline: Nov. 27, 2026
Visit: www.hbsslaw.com/FLNC
Direct Contact Email: [email protected]
Firm Telephone: 844-916-0895
Video: 

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Fluence Energy, Inc. ($FLNC) Securities Class Action:

The litigation's focus is on the propriety of Fluence's assurances that it was "well positioned to capitalize on the accelerating demand for energy storage[,]" and its backlog sufficiently covered revenue expectations. The company's plan depended on successfully ramping its "fully automated" Houston manufacturing facility's production of thermal management systems for its Gridstack ProTM battery energy storage solutions.

The complaint alleges that Fluence did not disclose important information to investors – its ability to deliver on its backlog and recognize revenue depended on new contract facilities that included incomplete and non-operational facilities. The complaint also alleges the company did not disclose that facility remediation efforts were unsuccessful.

Investors began to learn the truth through a series of partial disclosures beginning on February 4, 2026. That day, Fluence reported its Q1 2026 results included a significant year-over-year margin compression due to "additional estimated costs on two projects[]" and a significant year-over-year increase in net losses.

Then, on August 5, 2026 Fluence announced its Q3 2026 results included weaker than expected revenues, a massive year-over-year margin compression, and a net loss of $44.3 million compared to net income of $6.2 million in the same quarter last year.

The company said it "now expects that $400 million in project deliveries will be delayed into fiscal 2027 due to production issues at a new international contract facility[]" and also blamed "construction related delays that affected the completion and start-up of a new U.S. contract manufacturing facility."

Finally, on September 16, 2026 Fluence slashed its 2026 revenue guidance again (by 20%). CEO Julian Nebreda Marquez blamed the continuing "delays in the ramp up of our contract manufacturing facility in Houston." He also revealed the ramp delay was caused by having to manually weld rather than employing the automated welding process.

Each of these revelations triggered sharp declines in the price of Fluence shares. Between the first partial disclosure on February 4 and September 17, 2026 shares have fallen $21.33 (-73%).

"We're focused on when the Houston welding issue was first known to Fluence management given the facility's crucial role in onshoring," said Reed Kathrein, the Hagens Berman partner leading the firm's investigation.

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

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

# # #

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

Attorney Advertising. Prior results do not guarantee a similar outcome in any future case.

Contact: Hagens Berman, Reed Kathrein, 715 Hearst Avenue, Suite 300, Berkeley, CA 94710, 844-916-0895, [email protected]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/321334

Source: Hagens Berman Sobol Shapiro LLP

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NEW YORK, Oct. 27, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Duolingo, Inc. (“Duolingo” or the “Company”) (NASDAQ: DUOL). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.

The class action concerns whether Duolingo and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

You have until December 7, 2026, to ask the Court to appoint you as Lead Plaintiff for the class if you purchased or otherwise acquired Duolingo securities during the Class Period. A copy of the Complaint can be obtained at www.pomerantzlaw.com.        

[Click here for information about joining the class action]

On November 5, 2025, the Company reported its third quarter (“3Q”) financial results, revealing another sequential decline in daily active user (“DAU”) growth to 36%, a substantial drop from 49% in 1Q 2025 and 40% during 2Q 2025.  Duolingo revealed a reversal of the Company’s monetization push and stated that going forward, the Company would prioritize user growth over monetization and that the Company needed to invest more in “teaching better across all our subjects.”

On this news, Duolingo’s stock price fell $66.28 per share, or 25%, to close at $193.74 per share on November 6, 2025.

Then, on January 12, 2026, Duolingo announced that its Chief Financial Officer, Matthew Skaruppa, had resigned.  The Company also provided limited, preliminary fourth quarter (“4Q”) 2025 operating metrics, shocking investors by revealing DAU growth of only 30% – nearly six points of additional deceleration from 3Q 2025.

On this news, Duolingo’s stock price fell $14.92 per share, or 8.5%, to close at $161.74 per share on January 12, 2026.

Finally, on February 26, 2026, Duolingo announced its 4Q 2025 financial results, confirmed the slowdown in DAU growth, and revealed the financial consequences of its strategy shift were neither “small” nor “little”; rather, they would result in material negative impacts on 2026 bookings, DAU growth rates, revenue, and adjusted EBITDA.  To that end, Duolingo stated 2026 DAU growth would come in at a mere 20% and be accompanied by lower bookings and less profitability.

On this news, Duolingo’s stock price fell $16.45 per share, or 14%, to close at $101.00 per share on February 27, 2026.

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

Attorney advertising.  Prior results do not guarantee similar outcomes.  

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

NEW YORK, Oct. 27, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Papa John’s International, Inc. (“Papa John’s” or the “Company”) (NASDAQ: PZZA).   Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.

The class action concerns whether Papa John’s and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

You have until November 2, 2026, to ask the Court to appoint you as Lead Plaintiff for the class if you purchased or otherwise acquired Papa John’s securities during the Class Period. A copy of the Complaint can be obtained at www.pomerantzlaw.com.        

[Click here for information about joining the class action]

On August 6, 2026, Papa Johns announced an 8.3% decrease in North American comparable sales, the suspension of its dividend, and a sharp reduction in its 2026 outlook from a 3% decline in North American comparable sales at the midpoint to a 7% annual decline.  The Company attributed its strategic shift and guidance reset on the soft consumer trends and the execution of Papa Johns’ own turnaround efforts, admitting they were unable to “meet the consumer as much as [they] should have,” and the rebuilt innovation pipeline was “not bringing in as many new customers” as had been expected.  

On this news, Papa John’s stock price fell $5.11 per share, or 17.18%, to close at $24.64 per share on August 6, 2026.

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

Attorney advertising.  Prior results do not guarantee similar outcomes.

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

Key Financial Results

Net income was $357 million, translating to diluted earnings per share ("EPS") of $4.52Adjusted EPS* increased 15% year-over-year to $5.97 Gross profit* increased 12% year-over-year to $1,662 millionCore G&A* increased 11% year-over-year to $532 millionAdjusted pre-tax income* increased 13% year-over-year to $641 million
Key Business Results

Total client assets increased 11% year-over-year to $2.6 trillion Advisory assets increased 16% year-over-year to $1.6 trillionAdvisory assets as a percentage of total client assets increased to 60.9%, up from 58.2% a year ago Total organic net new assets were $29 billion, representing 5% annualized growthRecruited assets(1) were $24 billion, down 26% from a year ago Recruited assets over the trailing twelve months were $81 billion Total client cash balances were $57 billion, consistent with prior quarter and an increase of $1 billion year-over-year Client cash balances as a percentage of total client assets were 2.2%, consistent with prior quarter and down from 2.4% in the prior year Key Capital and Liquidity Measures

Corporate cash(2) was $563 millionLeverage ratio(3) was 1.93xShare repurchases were $301 million and dividends paid were $24 million
Key Updates

M&A:

Commonwealth Financial Network ("Commonwealth"): On track to complete the conversion in the fourth quarter of 2026 Asset retention is now expected to be approximately 83%Estimated run-rate EBITDA is now expected to be $415 million Liquidity & Succession: Deployed approximately $20 million of capital to close three deals in Q3 Core G&A:

Given our performance to date, we are narrowing our 2026 Core G&A* outlook range to $2,140-2,160 million, including expenses related to Commonwealth
Capital Management:

Dividend: The Company's Board of Directors declared a $0.30 per share dividend to be paid on November 30, 2026 to all stockholders of record as of November 12, 2026
*See the Non-GAAP Financial Measures section and the endnotes to this release for further details about these non-GAAP financial measures

SAN DIEGO, Oct. 27, 2026 (GLOBE NEWSWIRE) -- LPL Financial Holdings Inc. (Nasdaq: LPLA) (the "Company") today announced results for its third quarter ended September 30, 2026, reporting net income of $357 million, or $4.52 per share. This compares with a net loss of $30 million, or $0.37 per share, in the third quarter of 2025 and net income of $379 million, or $4.74 per share, in the prior quarter.

"After an outstanding first half of the year, we delivered another quarter of strong business performance and excellent financial results, while making meaningful progress on key strategic initiatives,” said Rich Steinmeier, CEO. “We delivered improved organic growth, advanced our preparation to onboard Commonwealth, and began the roll out of our proprietary AI agent, Cyan, to advisors. These accomplishments underscore the strength of our platform and our continued focus on delivering unmatched value for advisors and their clients."

"The team delivered another quarter of outstanding results, highlighted by strong organic growth and record adjusted earnings per share, all while advancing our advisor experience and executing on our capital allocation strategy," said Matt Audette, President and CFO. “These efforts position us to sustain that momentum through year-end and into 2027."

Conference Call and Additional Information

The Company will hold a conference call to discuss its results at 5:00 p.m. ET on Tuesday, October 27, 2026. The conference call will be accessible and available for replay at investor.lpl.com/events.

Contacts

Investor Relations
[email protected]

Media Relations
[email protected]

About LPL Financial
LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace(4), LPL supports more than 32,000 financial advisors and the wealth management practices of approximately 1,100 financial institutions, servicing and custodying approximately $2.6 trillion in brokerage and advisory assets on behalf of approximately 8 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit www.lpl.com. 

Securities and advisory services offered through LPL Financial LLC ("LPL Financial") or its affiliate LPL Enterprise, LLC ("LPL Enterprise"), both registered investment advisers and broker-dealers. Members FINRA/SIPC.

Throughout this communication, the terms "financial advisors" and "advisors" are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial or LPL Enterprise.

We routinely disclose information that may be important to shareholders in the "Investor Relations" or "Press Releases" section of our website.

Forward-Looking Statements

This press release contains statements regarding:

the Company’s retention of Commonwealth assets and Commonwealth’s future financial and operating performance;run-rate EBITDA expectations in connection with the Company’s acquisition of Commonwealth;the amount and timing of the onboarding of acquired, recruited or transitioned brokerage and advisory assets, including Commonwealth;the Company's plans to invest to drive growth and increase efficiency while scaling its business;the Company’s recruitment pipeline and expected organic growth;the Company's future financial and operating results, growth, plans, priorities and business strategies, including forecasts and statements related to the Company's ICA yield, service and fee revenue, transaction revenue, core G&A expense, interest expense and income, leverage ratio (including plans to reduce leverage), pricing and fees (including their effect on adjusted pre-tax margin), corporate cash, run-rate EBITDA, depreciation and amortization, operating leverage, pre-tax margin, transition assistance loan amortization, organic growth, payout rate, tax rate and share repurchases; andfuture capabilities, including the timing and extent of the Company's expansion of access to Cyan, future advisor service experience, future investments and capital deployment, including share repurchase activity and dividends, if any, and long-term shareholder value.
These and any other statements that are not related to present facts or current conditions, or that are not purely historical, constitute forward-looking statements. They reflect the Company's expectations and objectives as of October 27, 2026 and are not guarantees that expectations or objectives expressed or implied will be achieved. The achievement of such expectations and objectives involves risks and uncertainties that may cause actual results, levels of activity or the timing of events to differ materially from those expressed or implied by forward-looking statements. Important factors that could cause or contribute to such differences include:

difficulties and delays in onboarding the assets of acquired, recruited or transitioned advisors, including the receipt and timing of regulatory approvals that may be required;disruptions in the businesses of the Company and Commonwealth that could make it more difficult to maintain relationships with advisors and their clients;the choice by clients of acquired or recruited advisors not to open brokerage and/or advisory accounts at the Company;changes in general economic and financial market conditions, including retail investor sentiment;changes in interest rates and fees payable by banks participating in the Company's client cash programs, including the Company's success in negotiating agreements with current or additional counterparties;the Company's strategy and success in managing client cash program fees;fluctuations in the levels of advisory and brokerage assets, including net new assets, and the related impact on revenue;effects of competition in the financial services industry and the success of the Company in attracting and retaining financial advisors and institutions, and their ability to provide financial products and services effectively;whether retail investors served by newly-recruited advisors choose to move their respective assets to new accounts at the Company;changes in the growth and profitability of the Company's fee-based offerings and asset-based revenues;the effect of current, pending and future legislation, regulation and regulatory actions, including disciplinary actions imposed by federal and state regulators and self-regulatory organizations;the cost of defending, settling and remediating issues related to regulatory matters or legal proceedings, including civil monetary penalties or actual costs of reimbursing customers for losses in excess of our reserves or insurance;changes made to the Company's services and pricing, including in response to competitive developments and current, pending and future legislation, regulation and regulatory actions, and the effect that such changes may have on the Company’s gross profit streams and costs;the execution of the Company's capital management plans, including its compliance with the terms of the Company's amended and restated credit agreement, the committed revolving credit facilities of the Company and LPL Financial, and the indentures governing the Company's senior unsecured notes;strategic acquisitions and investments, including pursuant to the Company's Liquidity & Succession solution, and the effect that such acquisitions and investments may have on the Company’s capital management plans and liquidity;the price, availability and trading volumes of shares of the Company's common stock, which will affect the timing and size of future share repurchases by the Company, if any;the execution of the Company's plans and its success in realizing the synergies, expense savings, service improvements or efficiencies expected to result from its investments, initiatives and acquisitions, expense plans and technology initiatives;whether advisors affiliated with Commonwealth will transition registration to the Company and whether assets reported as serviced by such financial advisors will translate into assets of the Company;the performance of third-party service providers to which business processes have been transitioned;the Company's ability to control operating risks, information technology systems risks, cybersecurity risks and sourcing risks; andthe other factors set forth in the Company's most recent Annual Report on Form 10-K, as may be amended or updated in the Company's Quarterly Reports on Form 10-Q or other filings with the Securities and Exchange Commission. 
Except as required by law, the Company specifically disclaims any obligation to update any forward-looking statements as a result of developments occurring after the date of this earnings release, and you should not rely on statements contained herein as representing the Company's view as of any date subsequent to the date of this press release.

LPL Financial Holdings Inc.
Condensed Consolidated Statements of Income
(In thousands, except per share data)
(Unaudited)
      Three Months Ended Three Months Ended  September 30,June 30, September 30,  20262026Change 2025 ChangeREVENUE     Advisory$2,872,928$2,632,4059%$2,210,499 30%Commission:     Sales-based 742,852 728,1552% 695,029 7%Trailing 507,904 503,9181% 492,426 3%Total commission 1,250,756 1,232,0732% 1,187,455 5%Asset-based:     Client cash 461,471 443,5014% 428,190 8%Other asset-based 400,613 391,6432% 354,090 13%Total asset-based 862,084 835,1443% 782,280 10%Service and fee 218,055 208,8794% 174,715 25%Transaction 79,120 83,216(5%) 67,260 18%Interest income, net 48,699 46,5275% 60,859 (20%)Other 12,388 148,379(92%) 68,909 (82%)Total revenue 5,344,030 5,186,6233% 4,551,977 17%EXPENSE     Advisory and commission 3,632,732 3,507,1644% 3,025,274 20%Compensation and benefits 358,512 355,6121% 585,409 (39%)Promotional 235,733 220,0307% 208,547 13%Occupancy and equipment 149,380 125,54219% 299,680 (50%)Depreciation and amortization 117,287 109,8057% 99,722 18%Interest expense on borrowings 105,834 101,5024% 106,295 —%Amortization of other intangibles 72,844 70,8863% 64,706 13%Professional services 53,250 50,7575% 75,507 (29%)Brokerage, clearing and exchange 49,139 52,018(6%) 43,282 14%Communications and data processing 23,978 26,200(8%) 23,060 4%Other 60,215 51,60317% 54,606 10%Total expense 4,858,904 4,671,1194% 4,586,088 6%INCOME (LOSS) BEFORE PROVISION FOR (BENEFIT FROM) INCOME TAXES 485,126 515,504(6%) (34,111)n/mPROVISION FOR (BENEFIT FROM) INCOME TAXES 128,565 136,243(6%) (4,594)n/mNET INCOME (LOSS)$356,561$379,261(6%)$(29,517)n/mEARNINGS (LOSS) PER SHARE     Earnings (loss) per share, basic$4.53$4.75(5%)$(0.37)n/mEarnings (loss) per share, diluted$4.52$4.74(5%)$(0.37)n/mWeighted-average shares outstanding, basic 78,658 79,791(1%) 80,017 (2%)Weighted-average shares outstanding, diluted 78,968 80,032(1%) 80,357 (2%)             LPL Financial Holdings Inc.
Condensed Consolidated Statements of Income
(In thousands, except per share data)
(Unaudited)
    Nine Months Ended  September 30,  20262025ChangeREVENUE   Advisory$8,120,380$5,617,48245%Commission:   Sales-based 2,176,422 1,924,85913%Trailing 1,498,441 1,348,44011%Total commission 3,674,863 3,273,29912%Asset-based:   Client cash 1,350,297 1,217,55311%Other asset-based 1,167,736 962,31521%Total asset-based 2,518,033 2,179,86816%Service and fee 637,918 471,75335%Transaction 242,878 195,66524%Interest income, net 140,406 181,651(23%)Other 134,609 137,291(2%)Total revenue 15,469,087 12,057,00928%EXPENSE   Advisory and commission 10,431,105 7,862,36433%Compensation and benefits 1,082,864 1,210,055(11%)Promotional 664,163 531,74425%Occupancy and equipment 393,445 458,363(14%)Depreciation and amortization 332,843 288,30915%Interest expense on borrowings 307,628 297,7933%Amortization of other intangibles 210,960 154,33037%Brokerage, clearing and exchange 156,632 130,71020%Professional services 154,388 152,9251%Communications and data processing 73,645 63,98315%Other 176,200 154,48714%Total expense 13,983,873 11,305,06324%INCOME BEFORE PROVISION FOR INCOME TAXES 1,485,214 751,94698%PROVISION FOR INCOME TAXES 392,988 189,641107%NET INCOME$1,092,226$562,30594%EARNINGS PER SHARE   Earnings per share, basic$13.74$7.1991%Earnings per share, diluted$13.68$7.1591%Weighted-average shares outstanding, basic 79,515 78,2202%Weighted-average shares outstanding, diluted 79,814 78,5942%        LPL Financial Holdings Inc.
Condensed Consolidated Statements of Financial Condition
(In thousands, except share data)
(Unaudited)
     September 30, 2026June 30, 2026December 31, 2025ASSETSCash and equivalents$1,059,019 $1,275,690 $1,037,378 Cash and equivalents segregated under federal or other regulations 1,694,088  1,420,167  1,792,064 Restricted cash 149,970  232,889  225,298 Receivables from clients, net 1,119,673  994,139  803,206 Receivables from brokers, dealers and clearing organizations 110,715  244,302  70,897 Advisor loans, net 3,979,817  3,889,372  3,681,512 Other receivables, net 1,323,879  1,427,985  1,203,539 Investment securities ($140,282, $188,006, and $76,108 at fair value at September 30, 2026, June 30, 2026, and December 31, 2025, respectively) 155,287  203,499  91,528 Property and equipment, net 1,681,641  1,569,647  1,409,376 Goodwill 2,699,747  2,681,661  2,644,723 Other intangibles, net 3,472,226  3,433,597  3,330,788 Other assets 2,424,558  2,418,172  2,202,444 Total assets$19,870,620 $19,791,120 $18,492,753 LIABILITIES AND STOCKHOLDERS’ EQUITYLIABILITIES:   Client payables$2,256,906 $2,256,333 $2,308,275 Payables to brokers, dealers and clearing organizations 217,055  599,397  150,520 Accrued advisory and commission expenses payable 403,041  381,255  361,623 Corporate debt and other borrowings, net 7,802,917  7,460,510  7,258,694 Accounts payable and accrued liabilities 782,312  812,156  821,641 Other liabilities 2,596,071  2,524,629  2,247,515 Total liabilities 14,058,302  14,034,280  13,148,268 STOCKHOLDERS’ EQUITY:   Common stock, $0.001 par value; 600,000,000 shares authorized; 136,850,801, 136,822,289, and 136,637,544 shares issued at September 30, 2026, June 30, 2026, and December 31, 2025, respectively 137  137  136 Additional paid-in capital 3,924,639  3,898,694  3,843,017 Treasury stock, at cost — 58,540,091, 57,660,516, and 56,576,672 shares at September 30, 2026, June 30, 2026, and December 31, 2025, respectively (4,968,083) (4,664,666) (4,333,725)Retained earnings 6,855,625  6,522,675  5,835,057 Total stockholders’ equity 5,812,318  5,756,840  5,344,485 Total liabilities and stockholders’ equity$19,870,620 $19,791,120 $18,492,753            LPL Financial Holdings Inc.
Management's Statements of Operations
(In thousands, except per share data)
(Unaudited)

Certain information in this release is presented as reviewed by the Company’s management and includes information derived from the Company’s unaudited condensed consolidated statements of income, non-GAAP financial measures and operational and performance metrics. For information on non-GAAP financial measures, please see the section titled "Non-GAAP Financial Measures" in this release.

 Quarterly Results Q3 2026Q2 2026ChangeQ3 2025ChangeGross Profit(5)     Advisory$2,872,928 $2,632,405 9%$2,210,499 30%Trailing commissions 507,904  503,918 1% 492,426 3%Sales-based commissions 742,852  728,155 2% 695,029 7%Advisory fees and commissions 4,123,684  3,864,478 7% 3,397,954 21%Production-based payout(6) (3,627,962) (3,378,961)7% (2,972,256)22%Advisory fees and commissions, net of payout 495,722  485,517 2% 425,698 16%Client cash(7) 472,282  456,945 3% 441,576 7%Other asset-based(8) 400,613  391,643 2% 354,090 13%Service and fee 218,055  208,879 4% 174,715 25%Transaction 79,120  83,216 (5%) 67,260 18%Interest income, net(9) 37,853  33,027 15% 47,468 (20%)Other revenue(10) 7,390  11,054 (33%) 11,821 (37%)Total net advisory fees and commissions and attachment revenue 1,711,035  1,670,281 2% 1,522,628 12%Brokerage, clearing and exchange expense (49,139) (52,018)(6%) (43,282)14%Gross Profit(5) 1,661,896  1,618,263 3% 1,479,346 12%G&A Expense     Core G&A(11) 532,205  519,272 2% 477,323 11%Transition assistance loan amortization(12) 150,009  142,335 5% 104,760 43%Promotional (ongoing)(12)(13)(14) 87,943  79,123 11% 97,103 (9%)Employee share-based compensation 21,109  22,701 (7%) 18,627 13%Regulatory charges 6,390  8,158 (22%) 6,744 (5%)Acquisition costs(14) 83,149  48,977 70% 538,177 (85%)Total G&A 880,805  820,566 7% 1,242,734 (29%)EBITDA(15) 781,091  797,697 (2%) 236,612 n/mInterest expense on borrowings 105,834  101,502 4% 106,295 —%Depreciation and amortization 117,287  109,805 7% 99,722 18%Amortization of other intangibles 72,844  70,886 3% 64,706 13%INCOME (LOSS) BEFORE PROVISION FOR (BENEFIT FROM) INCOME TAXES 485,126  515,504 (6%) (34,111)n/mPROVISION FOR (BENEFIT FROM) INCOME TAXES 128,565  136,243 (6%) (4,594)n/mNET INCOME (LOSS)$356,561 $379,261 (6%)$(29,517)n/mEarnings (loss) per share, diluted$4.52 $4.74 (5%)$(0.37)n/mWeighted-average shares outstanding, diluted 78,968  80,032 (1%) 80,357 (2%)Adjusted EBITDA(15)$864,240 $846,674 2%$774,789 12%Adjusted pre-tax income(16)$641,119 $635,367 1%$568,772 13%Adjusted EPS(17)$5.97 $5.84 2%$5.20 15%               LPL Financial Holdings Inc.
Operating Metrics
(Dollars in billions, except where noted)
(Unaudited)
       Q3 2026Q2 2026ChangeQ3 2025ChangeMarket Drivers     S&P 500 Index (end of period) 7,652  7,499 2% 6,688 14%Russell 2000 Index (end of period) 2,797  3,024 (8%) 2,436 15%Fed Funds daily effective rate (average bps) 367  363 4bps 430 (63bps)      Client Assets(18)     Advisory$1,561.0 $1,548.4 1%$1,346.9 16%Brokerage 1,003.6  1,014.3 (1%) 967.7 4%Total Client Assets$2,564.6 $2,562.7 —%$2,314.5 11%Advisory as a % of Total Client Assets 60.9% 60.4%50bps 58.2%270bps      Assets by Platform     Corporate RIA advisory(19)$1,202.7 $1,190.8 1%$1,022.1 18%Independent RIA advisory(19) 358.3  357.6 —% 324.8 10%Brokerage 1,003.6  1,014.3 (1%) 967.7 4%Total Client Assets$2,564.6 $2,562.7 —%$2,314.5 11%      Centrally Managed Assets     Centrally managed assets(20) $250.4 $245.6 2%$203.1 23%Centrally Managed as a % of Total Advisory Assets 16.0% 15.9%10bps 15.1%90bps             LPL Financial Holdings Inc.
Operating Metrics
(Dollars in billions, except where noted)
(Unaudited)
       Q3 2026Q2 2026ChangeQ3 2025ChangeOrganic Net New Assets (NNA)(21)     Advisory$33.1 $30.2 n/m$29.6 n/mBrokerage (4.0) (7.1)n/m 3.1 n/m Total Organic NNA$29.1 $23.1 n/m$32.7 n/m      Acquired NNA(21)     Advisory$— $0.5 n/m$199.4 n/mBrokerage —  — n/m 75.7 n/m Total Acquired NNA$— $0.5 n/m$275.0 n/m      Total NNA(21)     Advisory$33.1 $30.7 n/m$229.0 n/mBrokerage (4.0) (7.1)n/m 78.7 n/mTotal NNA$29.1 $23.6 n/m$307.7 n/m      Net brokerage to advisory conversions(22)$7.4 $8.8 n/m$8.0 n/mOrganic advisory NNA annualized growth(23) 8.5% 8.7%n/m 11.2%n/mTotal organic NNA annualized growth(23) 4.5% 4.0%n/m 6.8%n/m      Total Organic Advisory NNA(21)     Organic corporate RIA advisory$34.5 $27.9 n/m$29.0 n/mOrganic independent RIA advisory (1.4) 2.3 n/m 0.6 n/mTotal Organic Advisory NNA$33.1 $30.2 n/m$29.6 n/mOrganic centrally managed NNA(21)$8.4 $7.9 n/m$9.9 n/m      Net buy (sell) activity(24) $41.9 $39.7 n/m$41.8 n/m Note: Totals may not foot due to rounding.

LPL Financial Holdings Inc.
Client Cash Data
(Dollars in thousands, except where noted)
(Unaudited)
       Q3 2026Q2 2026ChangeQ3 2025ChangeClient Cash Balances (in billions)(25)     Insured cash account sweep$37.8 $38.4 (2%)$36.9 2%Deposit cash account sweep 16.0  15.6 3% 13.0 23%Total Bank Sweep 53.8  54.1 (1%) 49.9 8%Money market sweep 1.0  1.1 (9%) 4.2 (76%)Total Client Cash Sweep Held by Third Parties 54.8  55.2 (1%) 54.1 1%Client cash account (CCA) 1.8  1.7 6% 1.8 —%Total Client Cash Balances$56.6 $56.9 (1%)$55.8 1%Client Cash Balances as a % of Total Assets 2.2% 2.2%—bps 2.4%(20bps) Note: Totals may not foot due to rounding.

 Three Months Ended September 30, 2026June 30, 2026September 30, 2025Interest-Earning AssetsAverage Balance
(in billions)RevenueNet Yield (bps)(26)Average Balance
(in billions)RevenueNet Yield (bps)(26)Average Balance
(in billions)RevenueNet Yield (bps)(26)Insured cash account sweep$37.1$328,870352$37.7$315,814336$34.7$307,118351Deposit cash account sweep 15.1 131,642346 14.9 126,571341 11.8 118,957401 Total Bank Sweep 52.2 460,512350 52.6 442,385337 46.5 426,075364Money market sweep 1.0 95937 1.3 1,11635 3.8 2,11522 Total Client Cash Held By
Third Parties 53.2 461,471344 53.9 443,501330 50.3 428,190338Client cash account (CCA) 1.6 10,811265 1.8 13,444303 1.5 13,386365 Total Client Cash 54.8 472,282342 55.7 456,945329 51.8 441,576339Margin receivables 0.9 17,037792 0.8 15,602796 0.7 13,910820Other interest revenue 1.6 20,816512 1.4 17,425514 2.9 33,558458 Total Client Cash and
Interest Income, Net$57.3$510,135353$57.9$489,972340$55.3$489,044351 Note: Totals may not foot due to rounding.

LPL Financial Holdings Inc.
Monthly Metrics
(Dollars in billions, except where noted)
(Unaudited)       September 2026August 2026ChangeJuly 2026June 2026Client Assets(18)     Advisory$1,561.0 $1,582.5(1%)$1,544.2 $1,548.4 Brokerage 1,003.6  1,019.4(2%) 1,002.4  1,014.3 Total Client Assets$2,564.6 $2,601.9(1%)$2,546.6 $2,562.7       Organic NNA(21)     Advisory$10.4 $12.5n/m$10.2 $13.3 Brokerage (2.2) 0.9n/m (2.8) (2.0) Total Organic NNA$8.2 $13.5n/m$7.4 $11.3       Acquired NNA(21)     Advisory$— $—n/m$— $0.5 Brokerage —  —n/m —  —  Total Acquired NNA$— $—n/m$— $0.5       Total NNA(21)     Advisory$10.4 $12.5n/m$10.2 $13.8 Brokerage (2.2) 0.9n/m (2.8) (2.0)Total NNA$8.2 $13.5n/m$7.4 $11.8 Net brokerage to advisory conversions(22)$2.5 $2.3n/m$2.6 $3.1       Client Cash Balances(25)     Insured cash account sweep$37.8 $37.12%$36.8 $38.4 Deposit cash account sweep 16.0  15.16% 15.0  15.6 Total Bank Sweep  53.8  52.23% 51.8  54.1 Money market sweep 1.0  1.0—% 1.1  1.1 Total Client Cash Sweep Held by Third Parties 54.8  53.13% 52.8  55.2 Client cash account (CCA) 1.8  1.250% 1.5  1.7 Total Client Cash Balances$56.6 $54.44%$54.3 $56.9       Net buy (sell) activity(24) $13.3 $13.8n/m$14.7 $13.1       Market Drivers     S&P 500 Index (end of period) 7,652  7,686—% 7,490  7,499 Russell 2000 Index (end of period) 2,797  2,956(5%) 2,931  3,024 Fed Funds daily effective rate (average bps) 375  36312bps 363  363  Note: Totals may not foot due to rounding.

LPL Financial Holdings Inc.
Financial Measures
(Dollars in thousands, except where noted)
(Unaudited)       Q3 2026Q2 2026ChangeQ3 2025ChangeCommission Revenue by Product     Annuities$748,473 $727,746 3%$713,900 5%Mutual funds 261,833  262,044 —% 258,167 1%Fixed income 85,064  82,014 4% 66,550 28%Equities 51,314  58,751 (13%) 51,475 —%Other 104,072  101,518 3% 97,363 7%Total commission revenue$1,250,756 $1,232,073 2%$1,187,455 5%      Commission Revenue by Sales-based and Trailing   Sales-based commissions     Annuities$469,397 $444,791 6%$438,927 7%Fixed income 85,064  82,014 4% 66,550 28%Equities 51,314  58,751 (13%) 51,475 —%Mutual funds 48,527  53,993 (10%) 54,235 (11%)Other 88,550  88,606 —% 83,842 6%Total sales-based commissions$742,852 $728,155 2%$695,029 7%Trailing commissions     Annuities$279,076 $282,955 (1%)$274,973 1%Mutual funds 213,306  208,051 3% 203,932 5%Other 15,522  12,912 20% 13,521 15%Total trailing commissions$507,904 $503,918 1%$492,426 3%Total commission revenue$1,250,756 $1,232,073 2%$1,187,455 5%      Payout Rate(6) 87.98% 87.44%54bps 87.47%51bps             LPL Financial Holdings Inc.
Capital Management Measures
(Dollars in thousands, except where noted)
(Unaudited)     Q3 2026Q2 2026Q4 2025Cash and equivalents$1,059,019 $1,275,690 $1,037,378 Cash at regulated subsidiaries (985,736) (1,221,009) (925,356)Excess cash at regulated subsidiaries per the Credit Agreement 489,476  375,379  357,693 Corporate Cash(2)$562,759 $430,060 $469,715     Corporate Cash(2)   Cash at LPL Holdings, Inc.$44,960 $16,807 $19,368 Excess cash at regulated subsidiaries per the Credit Agreement 489,476  375,379  357,693 Cash at non-regulated subsidiaries 28,323  37,874  92,654 Corporate Cash$562,759 $430,060 $469,715     Leverage Ratio   Total debt$7,836,000 $7,496,000 $7,299,000 Total corporate cash 562,759  430,060  469,715 Credit Agreement Net Debt$7,273,241 $7,065,940 $6,829,285 Credit Agreement EBITDA (trailing twelve months)(27)$3,771,437 $3,695,539 $3,501,832 Leverage Ratio1.93x1.91x1.95x      September 30, 2026 Total DebtBalanceCurrent Applicable
MarginInterest RateMaturityRevolving Credit Facility(a)$616,000ABR+37.5 bps / SOFR+147.5 bps5.299%5/20/2029Broker-Dealer Revolving Credit Facility —SOFR+125 bps5.150%5/17/2027Senior Unsecured Term Loan A 1,020,000SOFR+125 bps(b)5.151%12/5/2028Senior Unsecured Notes 500,0005.700% Fixed5.700%5/20/2027Senior Unsecured Notes 400,0004.625% Fixed4.625%11/15/2027Senior Unsecured Notes 500,0004.900% Fixed4.900%4/3/2028Senior Unsecured Notes 750,0006.750% Fixed6.750%11/17/2028Senior Unsecured Notes 900,0004.000% Fixed4.000%3/15/2029Senior Unsecured Notes 750,0005.200% Fixed5.200%3/15/2030Senior Unsecured Notes 500,0005.150% Fixed5.150%6/15/2030Senior Unsecured Notes 400,0004.375% Fixed4.375%5/15/2031Senior Unsecured Notes 500,0006.000% Fixed6.000%5/20/2034Senior Unsecured Notes 500,0005.650% Fixed5.650%3/15/2035Senior Unsecured Notes 500,0005.750% Fixed5.750%6/15/2035Total / Weighted Average$7,836,000 5.265%  (a) Unsecured borrowing capacity of $2.25 billion at LPL Holdings, Inc.
(b) The SOFR rate option is a one-month SOFR rate and subject to an interest rate floor of 0 bps.

LPL Financial Holdings Inc.
Key Business and Financial Metrics
(Dollars in thousands, except where noted)
(Unaudited)
       Q3 2026Q2 2026ChangeQ3 2025ChangeBusiness Metrics     Advisors 32,597  32,475 —% 32,128 1%Net new advisors 122  331 n/m 2,775 n/mAnnualized advisory fees and commissions per advisor(28)$507 $478 6%$442 15%Average total assets per advisor ($ in millions)(29)$78.7 $78.9 —%$72.0 9%Total client accounts (in millions) 11.9  11.8 1% 11.4 4%Recruited AUM ($ in billions)$24.1 $24.9 (3%)$32.6 (26%)      Employees 10,417  10,081 3% 10,116 3%      AUM retention rate (quarterly annualized)(30) 97.4% 97.4%—bps 96.4%100bps      Capital Management     Capital expenditures ($ in millions)(31)$229.7 $199.4 15%$142.2 62%Acquisitions, net ($ in millions)(32)$102.2 $102.7 —%$1,526.3 (93%)      Share repurchases ($ in millions)$300.6 $309.5 (3%)$— 100%Dividends ($ in millions) 23.6  24.0 (2%) 24.0 (2%)Total Capital Returned ($ in millions)$324.2 $333.5 (3%)$24.0 n/m             Non-GAAP Financial Measures

Management believes that presenting certain non-GAAP financial measures by excluding or including certain items can be helpful to investors and analysts who may wish to use this information to analyze the Company’s current performance, prospects and valuation. Management uses this non-GAAP information internally to evaluate operating performance and in formulating the budget for future periods. Management believes that the non-GAAP financial measures and metrics discussed below are appropriate for evaluating the performance of the Company.

Adjusted EPS and Adjusted net income

Adjusted EPS is defined as adjusted net income, a non-GAAP measure defined as net income (loss) plus the after-tax impact of amortization of other intangibles and acquisition costs, divided by the weighted average number of diluted shares outstanding for the applicable period. The Company presents adjusted net income and adjusted EPS because management believes that these metrics can provide investors with useful insight into the Company’s core operating performance by excluding non-cash items and acquisition costs that management does not believe impact the Company’s ongoing operations. Adjusted net income and adjusted EPS are not measures of the Company's financial performance under GAAP and should not be considered as alternatives to net income (loss), earnings (loss) per diluted share or any other performance measure derived in accordance with GAAP. For a reconciliation of net income (loss) and earnings (loss) per diluted share to adjusted net income and adjusted EPS, please see the endnote disclosures in this release.

Gross profit

Gross profit is calculated as total revenue less advisory and commission expense; brokerage, clearing and exchange expense; and market fluctuations on employee deferred compensation. All other expense categories, including depreciation and amortization of property and equipment and amortization of other intangibles, are considered general and administrative in nature. Because the Company’s gross profit amounts do not include any depreciation and amortization expense, the Company considers gross profit to be a non-GAAP financial measure that may not be comparable to similar measures used by others in its industry. Management believes that gross profit can provide investors with useful insight into the Company’s core operating performance before indirect costs that are general and administrative in nature. For a calculation of gross profit, please see the endnote disclosures in this release.

Core G&A

Core G&A consists of total expense less the following expenses: advisory and commission; depreciation and amortization; interest expense on borrowings; brokerage, clearing and exchange; amortization of other intangibles; market fluctuations on employee deferred compensation; transition assistance loan amortization; promotional (ongoing); acquisition costs; employee share-based compensation; and regulatory charges. Management presents core G&A because it believes core G&A reflects the corporate expense categories over which management can generally exercise a measure of control, compared with expense items over which management either cannot exercise control, such as advisory and commission, or which management views as promotional expense necessary to support advisor growth and retention, including conferences and transition assistance. Core G&A is not a measure of the Company’s total expense as calculated in accordance with GAAP. For a reconciliation of the Company's total expense to core G&A, please see the endnote disclosures in this release. The Company does not provide an outlook for its total expense because it contains expense components, such as advisory and commission, that are market-driven and over which the Company cannot exercise control. Accordingly, a reconciliation of the Company’s outlook for total expense to an outlook for core G&A cannot be made available without unreasonable effort.

EBITDA and Adjusted EBITDA

EBITDA is defined as net income (loss) plus interest expense on borrowings, provision for (benefit from) income taxes, depreciation and amortization, and amortization of other intangibles. Adjusted EBITDA is defined as EBITDA, a non-GAAP measure, plus acquisition costs. The Company presents EBITDA and adjusted EBITDA because management believes that they can be useful financial metrics in understanding the Company’s earnings from operations. EBITDA and adjusted EBITDA are not measures of the Company's financial performance under GAAP and should not be considered as alternatives to net income (loss) or any other performance measure derived in accordance with GAAP. For a reconciliation of net income (loss) to EBITDA and adjusted EBITDA, please see the endnote disclosures in this release.

Adjusted pre-tax income

Adjusted pre-tax income is defined as income (loss) before provision for (benefit from) income taxes plus amortization of other intangibles and acquisition costs. The Company presents adjusted pre-tax income because management believes that it can provide investors with useful insight into the Company's core operating performance by excluding non-cash items and acquisition costs that management does not believe impact the Company's ongoing operations. Adjusted pre-tax income is not a measure of the Company's financial performance under GAAP and should not be considered as an alternative to income (loss) before provision for (benefit from) income taxes or any other performance measure derived in accordance with GAAP. For a reconciliation of income (loss) before provision for (benefit from) income taxes to adjusted pre-tax income, please see the endnote disclosures in this release.

Credit Agreement EBITDA

Credit Agreement EBITDA is defined in, and calculated by management in accordance with, the Company's amended and restated credit agreement (“Credit Agreement”) as “Consolidated EBITDA,” which is Consolidated Net Income (as defined in the Credit Agreement) plus interest expense on borrowings, provision for income taxes, depreciation and amortization, and amortization of other intangibles, and is further adjusted to exclude certain non-cash charges and other adjustments, and to include future expected cost savings, operating expense reductions or other synergies from certain transactions. The Company presents Credit Agreement EBITDA because management believes that it can be a useful financial metric in understanding the Company’s debt capacity and covenant compliance under its Credit Agreement. Credit Agreement EBITDA is not a measure of the Company's financial performance under GAAP and should not be considered as an alternative to net income or any other performance measure derived in accordance with GAAP. For a reconciliation of net income to Credit Agreement EBITDA, please see the endnote disclosures in this release.

Endnote Disclosures

(1)Represents the estimated total client assets expected to transition to the Company's primary broker-dealer subsidiary, LPL Financial, in connection with advisors who transferred their licenses to LPL Financial during the period. The estimate is based on prior business reported by the advisors, which has not been independently and fully verified by LPL Financial. The actual transition of client assets to LPL Financial generally occurs over several quarters and the actual amount transitioned may vary from the estimate.(2)Corporate cash, a component of cash and equivalents, is the sum of cash and equivalents from the following: (1) cash and equivalents held at LPL Holdings, Inc., (2) cash and equivalents held at regulated subsidiaries as defined by the Company's Credit Agreement, which include LPL Financial, LPL Enterprise, LLC, The Private Trust Company, N.A., and Commonwealth Equity Services, LLC ("CES"), in excess of the capital requirements of the Company's Credit Agreement and (3) cash and equivalents held at non-regulated subsidiaries.(3)Compliance with the Leverage Ratio is only required under the Company's revolving credit facility.(4)The Company was named a Top RIA custodian (Cerulli Associates, 2025 U.S. RIA Marketplace Report); and, among third-party providers of brokerage services to banks and credit unions, No. 1 in Market Share of AUM from Financial Institutions and No. 1 in Share of Advisors (Cerulli Associates, 2025 U.S. Broker-Dealer Marketplace Report). Commonwealth and the Company ranked No. 1 and No. 2, respectively, in the JD Power 2026 Independent Advisor Satisfaction survey.(5)Gross profit is a non-GAAP financial measure. Please see a description of gross profit under the "Non-GAAP Financial Measures" section of this release for additional information. Below is a calculation of gross profit for the periods presented (in thousands):   Q3 2026Q2 2026Q3 2025 Total revenue$5,344,030 5,186,623$4,551,977 Advisory and commission expense 3,632,732 3,507,164 3,025,274 Brokerage, clearing and exchange expense 49,139 52,018 43,282 Employee deferred compensation 263 9,178 4,075 Gross profit$1,661,896$1,618,263$1,479,346         (6)Production-based payout is a financial measure calculated as advisory and commission expense plus (less) advisor deferred compensation. The payout rate is calculated by dividing the production-based payout by total advisory and commission revenue. Below is a reconciliation of the Company’s advisory and commission expense to the production-based payout and a calculation of the payout rate for the periods presented (in thousands, except payout rate):   Q3 2026Q2 2026Q3 2025 Advisory and commission expense$3,632,732 $3,507,164 $3,025,274  Plus (Less): Advisor deferred compensation (4,770) (128,203) (53,018) Production-based payout$3,627,962 $3,378,961 $2,972,256       Advisory and commission revenue$4,123,684 $3,864,478 $3,397,954       Payout rate 87.98% 87.44% 87.47%            (7)Below is a reconciliation of client cash revenue per Management's Statements of Operations to client cash revenue, a component of asset-based revenue, on the Company's condensed consolidated statements of income for the periods presented (in thousands):   Q3 2026Q2 2026Q3 2025 Client cash on Management's Statements of Operations$472,282 $456,945 $441,576  Interest income on CCA balances segregated under federal or other regulations(9) (10,811) (13,444) (13,386) Client cash on Condensed Consolidated Statements of Income$461,471 $443,501 $428,190             (8)Consists of revenue from the Company's sponsorship programs with financial product manufacturers, omnibus processing and networking services but does not include fees from client cash programs.(9)Below is a reconciliation of interest income, net per Management's Statements of Operations to interest income, net on the Company's condensed consolidated statements of income for the periods presented (in thousands):   Q3 2026Q2 2026Q3 2025 Interest income, net on Management's Statements of Operations$37,853$33,027$47,468 Interest income on CCA balances segregated under federal or other regulations(7) 10,811 13,444 13,386 Interest income on deferred compensation(10) 35 56 5 Interest income, net on Condensed Consolidated Statements of Income$48,699$46,527$60,859         (10)Below is a reconciliation of other revenue per Management's Statements of Operations to other revenue on the Company's condensed consolidated statements of income for the periods presented (in thousands):   Q3 2026Q2 2026Q3 2025 Other revenue on Management's Statements of Operations$7,390 $11,054 $11,821  Interest income on deferred compensation(9) (35) (56) (5) Deferred compensation 5,033  137,381  57,093  Other revenue on Condensed Consolidated Statements of Income $12,388 $148,379 $68,909             (11)Core G&A is a non-GAAP financial measure. Please see a description of core G&A under the “Non-GAAP Financial Measures” section of this release for additional information. Below is a reconciliation of the Company's total expense to core G&A for the periods presented (in thousands):   Q3 2026Q2 2026Q3 2025 Core G&A Reconciliation    Total expense$4,858,904 $4,671,119 $4,586,088  Advisory and commission (3,632,732) (3,507,164) (3,025,274) Depreciation and amortization (117,287) (109,805) (99,722) Interest expense on borrowings (105,834) (101,502) (106,295) Brokerage, clearing and exchange (49,139) (52,018) (43,282) Amortization of other intangibles (72,844) (70,886) (64,706) Employee deferred compensation (263) (9,178) (4,075) Total G&A 880,805  820,566  1,242,734  Transition assistance loan amortization(12) (150,009) (142,335) (104,760) Promotional (ongoing)(12)(13)(14) (87,943) (79,123) (97,103) Acquisition costs(14) (83,149) (48,977) (538,177) Employee share-based compensation (21,109) (22,701) (18,627) Regulatory charges (6,390) (8,158) (6,744) Core G&A$532,205 $519,272 $477,323             (12)During the fourth quarter of 2025, the Company updated its definition of Promotional (ongoing) to exclude transition assistance loan amortization. As a result, transition assistance loan amortization is now disclosed as a separate line on Management's Statements of Operations and in the Core G&A reconciliation. Prior period disclosures have been updated to reflect these changes as applicable.(13)Promotional (ongoing) includes $14.2 million, $13.5 million and $19.0 million for the three months ended September 30, 2026, June 30, 2026 and September 30, 2025, respectively, of support costs related to full-time employees that are classified within Compensation and benefits expense in the condensed consolidated statements of income and excludes costs that have been incurred as part of acquisitions that have been classified within acquisition costs.(14)Acquisition costs include the costs to set up, onboard and integrate acquired entities and other costs that were incurred as a result of the acquisitions. The below table summarizes the primary components of acquisition costs for the periods presented (in thousands):   Q3 2026Q2 2026Q3 2025 Acquisition costs    Compensation and benefits(a)$31,891$20,231 $257,607 Occupancy and equipment(a) 11,789 4,618  197,567 Promotional(13) 12,009 12,016  25,664 Professional services 14,167 10,923  9,674 Change in fair value of contingent consideration(33) 9,461 (2,794) 2,676 Other 3,832 3,983  44,989 Acquisition costs$83,149$48,977 $538,177          (a) During the three months ended September 30, 2025, the Company incurred $419.0 million of acquisition costs at the Commonwealth closing. This primarily includes $228.4 million of costs related to transaction bonuses and the acceleration of unvested equity awards which were classified as Compensation and benefits and $190.1 million of costs related to certain contract termination fees which were classified as Occupancy and equipment.
   (15)EBITDA and adjusted EBITDA are non-GAAP financial measures. Please see a description of EBITDA and adjusted EBITDA under the "Non-GAAP Financial Measures" section of this release for additional information. Below is a reconciliation of net income (loss) to EBITDA and adjusted EBITDA for the periods presented (in thousands):   Q3 2026Q2 2026Q3 2025 EBITDA and adjusted EBITDA Reconciliation    Net income (loss)$356,561$379,261$(29,517) Interest expense on borrowings 105,834 101,502 106,295  Provision for (benefit from) income taxes 128,565 136,243 (4,594) Depreciation and amortization 117,287 109,805 99,722  Amortization of other intangibles 72,844 70,886 64,706  EBITDA$781,091$797,697$236,612  Acquisition costs(14) 83,149 48,977 538,177  Adjusted EBITDA$864,240$846,674$774,789           (16)Adjusted pre-tax income is a non-GAAP financial measure. Please see a description of adjusted pre-tax income under the "Non-GAAP Financial Measures" section of this release for additional information. Below is a reconciliation of income (loss) before provision for (benefit from) income taxes to adjusted pre-tax income for the periods presented (in thousands):   Q3 2026Q2 2026Q3 2025 Income (loss) before provision for (benefit from) income taxes$485,126 $515,504 $(34,111) Amortization of other intangibles 72,844  70,886  64,706  Acquisition costs(14) 83,149  48,977  538,177  Adjusted pre-tax income$641,119 $635,367 $568,772       Adjusted pre-tax margin(a) 38.6% 39.3% 38.4%            (a) Calculated by dividing adjusted pre-tax income by gross profit.   (17)Adjusted net income and adjusted EPS are non-GAAP financial measures. Please see a description of adjusted net income and adjusted EPS under the “Non-GAAP Financial Measures” section of this release for additional information. Below is a reconciliation of net income (loss) and earnings (loss) per diluted share to adjusted net income and adjusted EPS for the periods presented (in thousands, except per share data):   Q3 2026Q2 2026Q3 2025  AmountPer ShareAmountPer ShareAmountPer Share Net income (loss) / earnings (loss) per diluted share$356,561 $4.52 $379,261 $4.74 $(29,517)$(0.37) Amortization of other intangibles 72,844  0.92  70,886  0.89  64,706  0.81  Acquisition costs(14) 83,149  1.05  48,977  0.61  538,177  6.70  Tax benefit (41,281) (0.52) (31,442) (0.39) (155,149) (1.93) Adjusted net income / adjusted EPS$471,273 $5.97 $467,682 $5.84 $418,217 $5.20  Diluted share count 78,968   80,032   80,357   Note: Totals may not foot due to rounding.       (18)Consists of total assets under custody at the Company's primary broker-dealer subsidiary, LPL Financial, as well as assets under custody of a third-party custodian related to CES.(19)Assets on the Company's corporate RIA advisory platform are serviced by investment advisor representatives of LPL Financial. Assets on the Company's independent RIA advisory platform are serviced by investment advisor representatives of separate registered investment advisor firms rather than representatives of LPL Financial.(20)Consists of advisory assets in LPL Financial’s Model Wealth Portfolios, Optimum Market Portfolios, Personal Wealth Portfolios and Guided Wealth Portfolios platforms.(21)Consists of total client deposits into advisory or brokerage accounts less total client withdrawals from advisory or brokerage accounts, plus dividends, plus interest, minus advisory fees. The Company considers conversions from and to brokerage or advisory accounts as deposits and withdrawals, respectively.(22)During the third quarter of 2026, the Company updated its definition of net brokerage to advisory conversions to include direct assets. Net brokerage to advisory conversions now consists of existing custodied and direct assets that converted from brokerage to advisory, less existing custodied assets that converted from advisory to brokerage. Prior period disclosures have been updated to reflect these changes as applicable.(23)Calculated as annualized current period organic net new assets divided by preceding period assets in their respective categories of advisory assets or total assets.(24)Represents the amount of securities purchased less the amount of securities sold in client accounts custodied with LPL Financial.(25)Client cash balances include CCA and exclude purchased money market funds. CCA balances include cash that clients have deposited with LPL Financial that is included in Client payables in the condensed consolidated statements of financial condition. The following table presents purchased money market funds for the periods presented (in billions):   Q3 2026Q2 2026Q3 2025 Purchased money market funds$50.0$49.2$48.2         (26)Calculated by dividing revenue for the period by the average balance during the period.(27)EBITDA and Credit Agreement EBITDA are non-GAAP financial measures. Please see a description of EBITDA and Credit Agreement EBITDA under the “Non-GAAP Financial Measures” section of this release for additional information. Under the Credit Agreement, management calculates Credit Agreement EBITDA for a trailing twelve month period at the end of each fiscal quarter and in doing so may make further adjustments to prior quarters. Below are reconciliations of trailing twelve month net income to trailing twelve month EBITDA and Credit Agreement EBITDA for the periods presented (in thousands):   Q3 2026Q2 2026Q4 2025 EBITDA and Credit Agreement EBITDA Reconciliations    Net income$1,392,945$1,006,867$863,024 Interest expense on borrowings 413,241 413,702 403,406 Provision for income taxes 489,830 356,671 286,483 Depreciation and amortization 437,968 420,403 393,434 Amortization of other intangibles 293,208 285,070 236,578  EBITDA$3,027,192$2,482,713$2,182,925 Credit Agreement Adjustments:    Acquisition costs and other(14)(34)$309,764$766,866$777,299 Employee share-based compensation 85,487 83,005 75,956 M&A accretion(35) 345,681 359,895 462,597 Advisor share-based compensation 3,313 3,060 3,055 Credit Agreement EBITDA$3,771,437$3,695,539$3,501,832         (28)Calculated based on the average advisor count from the current period and prior periods.(29)Calculated based on the end of period total assets divided by end of period advisor count.(30)Reflects retention of total assets, calculated by deducting quarterly annualized attrition from total assets, divided by the prior quarter total assets.(31)Capital expenditures represent cash payments for property and equipment during the period.(32)Acquisitions, net represent cash paid for acquisitions, net of cash acquired during the period.(33)Represents a fair value adjustment to our contingent consideration liabilities that is reflected in other expense in the condensed consolidated statements of income.(34)Acquisition costs and other primarily include costs related to acquisitions and costs incurred related to the integration of the strategic relationship with Prudential Advisors.(35)M&A accretion is an adjustment to reflect the annualized expected run rate EBITDA of an acquisition as permitted by the Credit Agreement for up to eight fiscal quarters following the close of such acquisition.

LAS VEGAS & RENO, Nev.--(BUSINESS WIRE)--Caesars Entertainment, Inc., (NASDAQ: CZR) (“Caesars,” “CZR,” “CEI” or the “Company”) today reported operating results for the third quarter ended September 30, 2026. Third Quarter 2026 and Recent Highlights: GAAP net revenues of $2.9 billion versus $2.9 billion for the comparable prior-year period. GAAP net loss attributable to Caesars of $123 million compared to a net loss attributable to Caesars of $55 million for the comparable prior-year period. Con.

The automated test developer posted third-quarter net income of $342.4 million, up from $119.6 million the year prior.

Independent Director and Seasoned Healthcare Executive Walt Rosebrough 
Elected Executive Chair; Search for CEO Underway

Provides Update on Board Refreshment, Including Planned Addition of Medical Device and Vision Veteran Shlomi Nachman

Reaffirms Full-Year Fiscal 2026 Guidance

SAN RAMON, Calif., Oct. 27, 2026 (GLOBE NEWSWIRE) -- CooperCompanies (Nasdaq: COO) (the “Company”), a leading medical device company, today announced leadership changes and planned Board refreshment aimed at strengthening operational execution, improving business performance, and enhancing long-term shareholder value.

Walter (Walt) M Rosebrough, Jr., an independent director of the Company’s Board of Directors (the “Board”) and a proven healthcare executive with decades of experience, has been elected Executive Chair of the Board. Albert (Al) White III is stepping down from his position as President and Chief Executive Officer, and as a member of the Board, effective immediately. Mr. Rosebrough will assume direct oversight of day-to-day operations at the Company until a permanent CEO is appointed. Mr. White will remain employed as a strategic advisor through April 1, 2027.

The search for a permanent CEO is underway and is supported by leading professional search firm Russell Reynolds. The search is being overseen by a CEO Search Committee of the Board, comprised of Lawrence Kurzius, Cynthia Lucchese, and Teresa Madden. As Chair, Mr. Rosebrough will work closely with the CEO Search Committee and the full Board throughout the process, drawing on decades of experience leading medical device companies.

“I joined CooperCompanies because I believe there is great opportunity in its future. The Company’s recent performance has not met our expectations, and the Board believes decisive action is needed to ensure the Company reaches its long-term potential,” said Mr. Rosebrough, Executive Chair. “I will be working closely with the Board and the management team on priorities that will strengthen the foundation for growth and value creation.”

Mr. Rosebrough continued, “The Board is appreciative of Al’s leadership and valuable contributions to CooperCompanies throughout his 20 years with the Company.”

Board Refreshment

The Company also announced planned changes to its Board of Directors. Shlomo (Shlomi) Nachman will join the Board as an independent director, effective December 8, 2026. Mr. Nachman is a former Johnson & Johnson executive with over 27 years of healthcare experience, where he led a portfolio of medical device businesses, including Vision. He has a proven track record driving growth, innovation, and business turnarounds.

Further, three current Board members, Barbara Carbone, Colleen Jay, and Robert Weiss, have announced their intention not to stand for reelection at the Company’s 2027 Annual Meeting of Shareholders. These Board changes are in addition to the appointment of two independent directors in January and July of 2026, which followed constructive engagement with shareholders.

With these changes, the Board will nominate seven directors for election at the Annual Meeting: Paul Keel, Lawrence Kurzius, Cynthia Lucchese, Teresa Madden, Shlomi Nachman, Maria Rivas, MD, and Walt Rosebrough. The Board believes this seven-member Board will promote more focused oversight, efficient decision-making, and accountability, while maintaining the right mix of expertise and experience to oversee the Company. The seven directors who will be nominated include three current or former public company CEOs, two former public company CFOs, one former Chief Medical Officer of a global pharmaceutical company, and one former leader of a global vision business. Four of the directors have extensive medical device experience.

“These changes reflect the Board’s commitment to ensuring we have the appropriate mix of experience and expertise to oversee CooperCompanies’ strategy and support its long-term success,” said Cynthia Lucchese, Chair of the Corporate Governance and Nominating Committee. “We are pleased to welcome Shlomi Nachman, whose extensive experience in vision care and medical technology will be invaluable to CooperCompanies.”

Mr. Rosebrough concluded, “Our updated Board composition best positions us to provide active oversight in pursuit of long-term value creation. Our priorities are clear: identify and onboard the right CEO to lead the Company into its next chapter of growth and take additional actions to strengthen our business in order to provide superior products for customers, rewarding work for our people, and superior returns for our shareholders.”

The Company reaffirms the fiscal year 2026 guidance provided on September 9, 2026.

About Walter Rosebrough, Jr.

Mr. Rosebrough has served on the Company's Board and Corporate Governance and Nominating Committee since January 2026, and he is CEO Emeritus of STERIS plc (NYSE: STE), a global medical device business focused on infection prevention products and services. Mr. Rosebrough brings 40 years of experience in the medical device industry, including 25 years as a CEO, having led organizations from startups to multi‑billion‑dollar global enterprises and functions across product development, M&A, marketing, manufacturing, and finance. During his tenure as CEO of STERIS from 2007 to 2021, STERIS's shareholders received an 18% annualized return compared with a 10% annualized return for the S&P 500, and the company's market capitalization increased by over $20 billion. Mr. Rosebrough’s career also includes two decades at Hill-Rom (purchased by Baxter), including as President and CEO. He currently serves as Independent Chair on the Board of Varex Imaging (NASDAQ: VREX) and as Immediate Past Chair of the Association for the Advancement of Medical Instrumentation (AAMI). Mr. Rosebrough holds an MBA from Stanford University, and a BIE from Kettering University.

About Shlomi Nachman

Mr. Nachman most recently served as Company Group Chairman of the Cardiovascular and Specialty Solutions & Vision Group within Johnson & Johnson’s Medical Devices sector. As a member of the Medical Devices Group Operating Committee, he led a diverse portfolio of six medical device businesses: Electrophysiology, Neurovascular Intervention, Ear, Nose & Throat, Breast Aesthetics, Optometry, and Ophthalmology. Earlier in his career, he held roles of increasing scope and responsibility, including Worldwide President of Biosense Webster and Cordis. During a career at Johnson & Johnson that spanned more than 27 years, Mr. Nachman held multiple leadership positions and built a proven record of driving growth, innovation, and business turnarounds. He has deep expertise across all aspects of the medical device industry, including general management, strategy, licensing and acquisitions, finance, product development, operations, sales and marketing, and research and development. Mr. Nachman was born in Israel and holds a B.S. in Management and Economics from the Technion Institute, as well as a diploma in electrical engineering from the Amal Technical School.

About CooperCompanies

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

Forward-Looking Statements

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

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

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

Contact:

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

JACKSONVILLE, Fla., Oct. 27, 2026 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ: LSTR) (“Landstar” or the “Company”) today reported its financial results for the 2026 third quarter. The Company reported total revenue of $1.512 billion in the 2026 third quarter, an increase of 25% as compared to revenue of $1.205 billion in the 2025 third quarter, and basic and diluted earnings per share (“EPS”) of $1.42 in the 2026 third quarter, an increase of 154% as compared to EPS of $0.56 in the 2025 third quarter. It should be noted that EPS in the 2025 third quarter was negatively impacted by non-cash impairment charges of $30.1 million, or $0.66 per share, related to the previously disclosed strategic review of operations conducted during the 2025 third quarter, and, as further described below, the 2026 third quarter EPS was negatively impacted by highly elevated insurance and claim costs. The Company also reported a 14% increase in gross profit and a 25% increase in variable contribution (defined as revenue less the cost of purchased transportation and commissions to agents) in the 2026 third quarter, as compared in each case to the 2025 third quarter.

“The Landstar team of independent business owners and employees excelled in a freight transportation backdrop that continues to improve. Our network generated truck revenue of $1.407 billion, an increase of 29% compared to the 2025 third quarter, with revenue generated via van and unsided/platform equipment each increasing over 30% compared to the 2025 third quarter,” said Landstar President and Chief Executive Officer Frank Lonegro. “In addition, I was highly encouraged to see our net 165 Business Capacity Owner (BCO) truck additions during the third quarter, the strongest quarterly improvement since the third quarter of 2021. We are continuing to deliver safety, security and service for our customers, and our BCOs achieved a 5% year-over-year improvement in DOT accident frequency. Even so, we are not immune to the challenges of the insurance and claims inflation prevalent in our industry.”

 3Q 2026     3Q 2025Change ($)Change (%)Revenue$1,511,787$1,205,406$306,38125.4%Gross profit$126,547$111,060$15,48713.9%Variable contribution$212,066$170,241$41,82524.6%Operating income$65,540$26,326$39,214149.0%Basic and diluted earnings per share (“EPS”)$1.42$0.56$0.86153.6%  (1)Dollars above in thousands, except per share amounts. (2)Please refer to the Consolidated Statements of Income and the Reconciliation of Gross Profit to Variable Contribution included below. (3)Operating income and EPS during the 2025 third quarter were negatively impacted by $30.1 million and $0.66, respectively, as a result of non-cash impairment charges. 
    Third quarter 2026 EPS reflected highly elevated insurance and claim costs of $55.3 million, an increase from $33.0 million of insurance and claim costs reported during the 2025 third quarter. The following items are reflected in insurance and claims for the 2026 third quarter:

Approximately $13.0 million, or $0.29 per share, of adverse actuarial adjustments to insurance and claim reserves.$8.0 million, or $0.18 per share, of prior year development attributable to settlements of a 2024 brokered truck accident claim and a 2025 BCO accident. During the 2026 third quarter, truck revenue was $1,407 million, an increase of 29%, as compared to the 2025 third quarter truck revenue of $1,090 million. Truck revenue per load increased approximately 25% in the 2026 third quarter compared to the 2025 third quarter, and the number of loads hauled via truck increased approximately 3% compared to the 2025 third quarter.

Truck transportation revenue hauled by independent business capacity owners (“BCOs”) and truck brokerage carriers in the 2026 third quarter was 93% of revenue, compared to 90% of revenue in the 2025 third quarter. Truckload transportation revenue hauled via van equipment in the 2026 third quarter was $760 million, compared to $583 million in the 2025 third quarter. Truckload transportation revenue hauled via unsided/platform equipment in the 2026 third quarter was $519 million, compared to $386 million in the 2025 third quarter. Revenue from other truck transportation, which is largely related to power-only services, in the 2026 third quarter was $104 million, compared to $96 million in the 2025 third quarter. Revenue hauled by rail, air and ocean cargo carriers was $83 million, or 5% of revenue, in the 2026 third quarter, compared to $96 million, or 8% of revenue, in the 2025 third quarter.

Gross profit in the 2026 third quarter was $127 million, as compared to $111 million in the 2025 third quarter. Variable contribution in the 2026 third quarter was $212 million, compared to $170 million in the 2025 third quarter. Reconciliations of gross profit to variable contribution and gross profit margin to variable contribution margin for the 2026 and 2025 third quarters and year-to-date periods are provided in the Company’s accompanying financial disclosures.

Landstar continues to return capital to stockholders through the Company’s share purchase program and dividends. During the 2026 third quarter, Landstar purchased 232,645 shares of its common stock at an aggregate cost of $41.4 million, bringing the total number of common shares purchased during the year-to-date period ended September 26, 2026 to 383,568 shares at an aggregate cost of approximately $64.0 million. The Company is currently authorized to purchase up to an additional 882,550 shares of the Company’s common stock under its longstanding share purchase program. Landstar also announced today that its Board of Directors declared a quarterly dividend of $0.44 per share payable on December 8, 2026, to stockholders of record as of the close of business on November 17, 2026. It is currently the intention of the Board to continue to pay dividends on a quarterly basis going forward.

The Company’s balance sheet continues to be very strong, with cash and short-term investments of approximately $351 million as of September 26, 2026. Trailing twelve-month return on average shareholders’ equity was 19%. Return on invested capital, representing net income divided by the sum of average equity plus average debt, was 18%.  

Landstar will provide a live webcast of its quarterly earnings conference call this afternoon at 4:30 p.m. ET. To access the webcast, visit https://www.investor.landstar.com; click on “Webcasts,” then click on “Landstar’s Third Quarter 2026 Earnings Release Conference Call.” A slide presentation to accompany the webcast presentation is also available on Landstar’s investor relations website at https://investor.landstar.com/.

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

Non-GAAP Financial Measures:
In this earnings release and accompanying financial disclosures, the Company provides the following information that may be deemed non-GAAP financial measures: variable contribution and variable contribution margin. The Company believes variable contribution and variable contribution margin are useful measures of the variable costs that we incur at a shipment-by-shipment level attributable to our transportation network of third-party capacity providers and independent agents in order to provide services to our customers.   The Company also believes that it is appropriate to present each of the financial measures that may be deemed a non-GAAP financial measure, as referred to above, for the following reasons: (1) disclosure of these matters will allow investors to better understand the underlying trends in the Company’s financial condition and results of operations; (2) this information will facilitate comparisons by investors of the Company’s results as compared to the results of peer companies; and (3) management considers this financial information in its decision making.

Forward Looking Statements Disclaimer:
The following is a “safe harbor” statement under the Private Securities Litigation Reform Act of 1995. Statements contained in this press release that are not based on historical facts are “forward-looking statements.” This press release contains forward-looking statements, such as statements which relate to Landstar’s business objectives, plans, strategies and expectations. Terms such as “anticipates,” “believes,” “estimates,” “intention,” “expects,” “plans,” “predicts,” “may,” “should,” “could,” “would,” “will,” the negative thereof and similar expressions are intended to identify forward-looking statements. Such statements are by nature subject to uncertainties and risks, including but not limited to: decreased demand for transportation services; U.S. trade relationships and potential or imposed tariffs; an increase in the frequency or severity of accidents or other claims; unfavorable development of existing accident claims; substantial verdicts or settlements rendered in connection with accidents or other claims; dependence on third party insurance companies; dependence on independent commission sales agents; dependence on third party capacity providers; the impact of the Russian conflict with Ukraine on the operations of certain independent commission sales agents, including the Company’s second largest such agent by revenue in the 2025 fiscal year; substantial industry competition; disruptions or failures in the Company’s computer systems; cyber and other information security incidents; dependence on key vendors; potential changes in taxes; status of independent contractors; regulatory and legislative changes; regulations focused on diesel emissions and other air quality matters; regulations requiring the purchase and use of zero-emission vehicles; intellectual property; acquisitions and investments; increased exposure to broker liability claims; and other operational, financial or legal risks or uncertainties detailed in Landstar’s Form 10-K for the 2025 fiscal year; described in Part I, Item 1A Risk Factors; Landstar’s Form 10-Q for the 2026 second quarter, described in Item 1A Risk Factors; and in other SEC filings from time to time. These risks and uncertainties could cause actual results or events to differ materially from historical results or those anticipated. Investors should not place undue reliance on such forward-looking statements, and the Company undertakes no obligation to publicly update or revise any forward-looking statements.

Landstar System, Inc. and SubsidiaryConsolidated Statements of Income(Dollars in thousands, except per share amounts)(Unaudited)                       Thirty-Nine Weeks Ended Thirteen Weeks Ended   September 26, September 27, September 26, September 27,   2026 2025 2026 2025          Revenue$4,115,342 $3,569,291 $1,511,787 $1,205,406Investment income 7,943  10,620  2,264  3,293          Costs and expenses:        Purchased transportation 3,212,442  2,775,761  1,182,045  936,472 Commissions to agents 319,254  291,529  117,676  98,693 Other operating costs, net of gains on asset sales/dispositions 53,971  46,996  21,226  15,572 Insurance and claims 130,193  103,309  55,270  33,008 Selling, general and administrative 191,534  174,303  62,376  57,015 Depreciation and amortization 30,887  35,884  9,918  11,509 Impairment of intangible and other assets -  30,104  -  30,104            Total costs and expenses 3,938,281  3,457,886  1,448,511  1,182,373          Operating income 185,004  122,025  65,540  26,326Interest and debt expense 1,692  756  362  217          Income before income taxes 183,312  121,269  65,178  26,109Income taxes 46,878  30,206  17,135  6,745          Net income$136,434 $91,063 $48,043 $19,364          Basic and diluted earnings per share$4.02 $2.61 $1.42 $0.56          Average basic and diluted shares outstanding 33,943,000  34,885,000  33,871,000  34,581,000          Dividends per common share$1.24 $1.16 $0.44 $0.40           Landstar System, Inc. and SubsidiaryConsolidated Balance Sheets(Dollars in thousands, except per share amounts)(Unaudited)           September 26, December 27,     2026   2025 ASSETS    Current assets:    Cash and cash equivalents$297,321  $396,694  Short-term investments 53,683   55,531  Trade accounts receivable, less allowance     of $8,090 and $12,490 892,404   670,137  Other receivables, including advances to independent     contractors, less allowance of $15,314 and $18,759 77,898   52,784  Assets held for sale -   12,231  Other current assets 50,217   28,949   Total current assets 1,371,523   1,216,326        Operating property, less accumulated depreciation      and amortization of $494,295 and $473,642 268,570   261,322 Goodwill  34,005   34,005 Other assets 133,617   124,282 Total assets$1,807,715  $1,635,935        LIABILITIES AND SHAREHOLDERS' EQUITY   Current liabilities:    Cash overdraft$68,713  $56,654  Accounts payable 482,041   369,567  Current maturities of long-term debt 25,772   28,342  Insurance claims 87,393   87,343  Dividends payable -   68,117  Liabilities held for sale -   6,961  Other current liabilities 101,837   78,856   Total current liabilities 765,756   695,840        Long-term debt, excluding current maturities 56,899   48,480 Insurance claims 103,299   62,706 Deferred income taxes and other non-current liabilities 51,765   33,244        Shareholders' equity:    Common stock, $0.01 par value, authorized 160,000,000     shares, issued 68,636,098 and 68,590,708 686   686  Additional paid-in capital 269,696   261,256  Retained earnings 2,947,019   2,852,680  Cost of 34,927,155 and 34,531,982 shares of common     stock in treasury (2,378,302)  (2,313,245) Accumulated other comprehensive loss (9,103)  (5,712)  Total shareholders' equity 829,996   795,665 Total liabilities and shareholders' equity$1,807,715  $1,635,935         Landstar System, Inc. and SubsidiarySupplemental Information(Unaudited)                               Thirty-Nine Weeks Ended  Thirteen Weeks Ended     September 26, September 27,  September 26, September 27,      2026   2025    2026   2025 Revenue generated through (in thousands):                       Truck transportation           Truckload:            Van equipment $2,080,868  $1,769,440   $759,949  $583,369    Unsided/platform equipment  1,379,319   1,127,276    518,582   386,006   Less-than-truckload  73,845   72,229    24,933   24,480   Other truck transportation (1)  289,298   288,807    103,707   96,041    Total truck transportation  3,823,330   3,257,752    1,407,171   1,089,896  Rail intermodal  74,881   63,183    27,806   23,668  Ocean and air cargo carriers  153,047   188,696    55,334   72,270  Other (2)  64,084   59,660    21,476   19,572      $4,115,342  $3,569,291   $1,511,787  $1,205,406               Revenue on loads hauled via BCO Independent Contractors (3)           included in total truck transportation $1,629,408  $1,345,852   $590,987  $457,363              Number of loads:                       Truck transportation           Truckload:            Van equipment  870,347   850,047    294,875   277,893    Unsided/platform equipment  375,093   369,495    128,398   123,254   Less-than-truckload  95,729   115,692    29,834   38,862   Other truck transportation (1)  143,311   135,606    47,543   45,421    Total truck transportation  1,484,480   1,470,840    500,650   485,430  Rail intermodal  23,600   21,960    8,490   7,990  Ocean and air cargo carriers  20,840   24,370    6,970   7,810       1,528,920   1,517,170    516,110   501,230               Loads hauled via BCO Independent Contractors (3)           included in total truck transportation  644,870   597,010    212,660   199,010              Revenue per load:                       Truck transportation           Truckload:            Van equipment $2,391  $2,082   $2,577  $2,099    Unsided/platform equipment  3,677   3,051    4,039   3,132   Less-than-truckload  771   624    836   630   Other truck transportation (1)  2,019   2,130    2,181   2,114    Total truck transportation  2,576   2,215    2,811   2,245  Rail intermodal  3,173   2,877    3,275   2,962  Ocean and air cargo carriers  7,344   7,743    7,939   9,254               Revenue per load on loads hauled via BCO Independent Contractors (3) $2,527  $2,254   $2,779  $2,298              Revenue by capacity type (as a % of total revenue):                       Truck capacity providers:           BCO Independent Contractors (3)  40%  38%   39%  38%  Truck Brokerage Carriers  53%  54%   54%  52% Rail intermodal  2%  2%   2%  2% Ocean and air cargo carriers  4%  5%   4%  6% Other   2%  2%   1%  2%                                    September 26, September 27,           2026   2025 Truck Capacity Providers:                       BCO Independent Contractors (3)       7,843   7,827  Truck Brokerage Carriers:               Approved and active (4)       39,460   40,004       Other approved       28,455   27,461            67,915   67,465  Total available truck capacity providers       75,758   75,292               Trucks provided by BCO Independent Contractors (3)       8,709   8,618                           (1) Includes power-only, expedited, straight truck, cargo van, and miscellaneous other truck transportation revenue generated by the transportation logistics segment. Power-only refers to shipments where the Company furnishes a power unit and an operator but not trailing equipment, which is typically provided by the shipper or consignee.             (2) Includes primarily reinsurance premium revenue generated by the insurance segment and intra-Mexico transportation services revenue generated by Landstar Metro.             (3) BCO Independent Contractors are independent contractors who provide truck capacity to the Company under exclusive lease arrangements.             (4) Active refers to Truck Brokerage Carriers who moved at least one load in the 180 days immediately preceding the fiscal quarter end.              Landstar System, Inc. and SubsidiaryReconciliation of Gross Profit to Variable Contribution(Dollars in thousands)(Unaudited)                       Thirty-Nine Weeks Ended Thirteen Weeks Ended   September 26, September 27, September 26, September 27,    2026   2025   2026   2025           Revenue$4,115,342  $3,569,291  $1,511,787  $1,205,406           Costs of revenue:         Purchased transportation 3,212,442   2,775,761   1,182,045   936,472   Commissions to agents 319,254   291,529   117,676   98,693            Variable costs of revenue 3,531,696   3,067,290   1,299,721   1,035,165             Trailing equipment depreciation 19,108   20,829   6,489   6,985   Information technology costs (1) 8,186   10,928   2,503   3,319   Insurance-related costs (2) 130,955   104,622   55,301   33,305   Other operating costs 53,971   46,996   21,226   15,572            Other costs of revenue 212,220   183,375   85,519   59,181            Total costs of revenue 3,743,916   3,250,665   1,385,240   1,094,346           Gross profit$371,426  $318,626  $126,547  $111,060           Gross profit margin 9.0%  8.9%  8.4%  9.2%           Plus: other costs of revenue 212,220   183,375   85,519   59,181           Variable contribution$583,646  $502,001  $212,066  $170,241           Variable contribution margin 14.2%  14.1%  14.0%  14.1%          (1) Includes costs of revenue incurred related to internally developed software including ASC 350-40 amortization, implementation costs, hosting costs and other support costs utilized to support the Company's independent commission sales agents, third-party capacity providers, and customers, included as a portion of depreciation and amortization and of selling, general and administrative in the Company's Consolidated Statements of Income.      (2) Primarily includes (i) insurance premiums paid for commercial auto liability, general liability, cargo and other lines of coverage related to the transportation of freight; (ii) the related costs of claims incurred under those programs; and (iii) brokerage commissions and other fees incurred relating the the administration of insurance programs available to BCO Independent Contractors that are reinsured by the Company, which are included in selling, general and administrative in the Company's Consolidated Statements of Income.      

-

NEW YORK & NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Range Resources Corporation (NYSE: RRC) to EQT Corporation (NYSE: EQT). Under the terms of the proposed transaction, shareholders of Range will receive 0.987 shares of EQT common stock for each share of Range that they own. Upon completion of the proposed transaction, Range shareholders are expected to own approximately 27% of the combined company. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.

If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn ([email protected]) toll free at any time at (833) 538-3612, or visit https://www.ksfcounsel.com/cases/nyse-rrc/ to learn more.

To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com.

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SoFi Technologies, Inc. (SOFI) Q3 2026 Earnings Call October 27, 2026 8:00 AM EDT

Company Participants

Anthony Noto - CEO & Director
Chris Lapointe - Chief Financial Officer

Conference Call Participants

John Hecht - Jefferies LLC, Research Division
Kyle Joseph - Stephens Inc., Research Division
Andrew Jeffrey - William Blair & Company L.L.C., Research Division
Dan Dolev - Mizuho Securities USA LLC, Research Division
Devin Ryan - Citizens JMP Securities, LLC, Research Division
Patrick Moley - Piper Sandler & Co., Research Division
Kyle Peterson - Needham & Company, LLC, Research Division
Lance Jessurun - Scotiabank Global Banking and Markets, Research Division
Moshe Orenbuch - TD Cowen, Research Division
William Nance - Goldman Sachs Group, Inc., Research Division
Donald Fandetti - Wells Fargo Securities, LLC, Research Division
Reginald Lawrence Smith - Loop Capital Markets LLC, Research Division
Craig Maurer - Financial Technology Partners LP
Gustavo Gala - Monness, Crespi, Hardt & Co., Inc., Research Division

Presentation

Operator

Good morning. My name is Hillary, and I will be your conference operator today. At this time, I would like to welcome everyone to the SoFi Technologies Third Quarter 2026 Earnings Conference Call. [Operator Instructions] And with that, we may begin your conference.

Unknown Executive

Thank you, and good morning. Welcome to SoFi's Third Quarter 2026 Earnings Conference Call. Joining me today to talk about our results and recent events are Anthony Noto, CEO; and Chris Lapointe, CFO. You can find the presentation accompanying our earnings release on the Investor Relations section of our website.

Unless otherwise stated, we'll be referring to adjusted results for the third quarter of 2026 versus the third quarter of 2025. Our remarks today will include forward-looking statements that are based on our current expectations and forecasts and involve risks and uncertainties. These statements include, but are not limited to, our competitive advantage and strategy, macroeconomic conditions and outlook, future products and services and future business and

Johnson Controls Beats the Heat in AI Data CentersJohnson Controls International NYSE: JCI reported fiscal fourth-quarter results marked by double-digit organic revenue growth, expanding margins and a sharp increase in orders and backlog, as demand from data centers and other mission-critical markets continued to accelerate.

For the full fiscal year, Chief Executive Officer Joakim Weidemanis said the company exceeded both its initial outlook and its subsequently raised guidance. Organic revenue rose more than 8%, adjusted earnings per share increased 37%, and adjusted free-cash-flow conversion reached 103%.

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3 Industrial Names That Will Benefit from Rising CapEx in 2026“Fiscal 2026 was an important proof point” for the company’s operating framework, Weidemanis said, citing the company’s focus on thermal technology, field execution, manufacturing capacity and its internal business system.

Fourth-Quarter Growth and Record Backlog
In the fourth quarter, organic revenue increased 12%, led by double-digit growth in the Americas and Asia-Pacific, according to Chief Financial Officer Marc Vandiepenbeeck. Systems revenue grew 13%, supported by continued data-center demand, while service revenue increased 8%.

Forget the Chips: 4 Industrial Plays for the AI ReboundAll three geographic regions posted adjusted segment EBITDA margin expansion. Americas margin rose 210 basis points to 22%, EMEA expanded 80 basis points to 16.4%, and APAC increased 110 basis points to 19%. Companywide adjusted EBIT margin expanded 300 basis points to 18%, while adjusted EPS rose 32% to $1.66.

Orders increased 44% during the quarter, driven by data centers as well as battery manufacturing, semiconductor manufacturing and research universities. Backlog grew 43% to a record $23 billion.

Vandiepenbeeck said Johnson Controls still expects to convert approximately 70% to 80% of its backlog into revenue over the following 12 months. While the company said it could technically deliver the full backlog during that period under unconstrained conditions, project timing can be affected by customers’ power and electrical-infrastructure limitations.

The company generated $3.2 billion in adjusted free cash flow for the full year and ended the year with $600 million in cash. Net debt declined to 1.8 times, below the company’s long-term target range. Johnson Controls returned $2.5 billion to shareholders through dividends and share repurchases.

Data-Center Strategy Broadens Beyond Chillers
Management said chillers remain the largest component of its data-center portfolio, but the company is expanding its addressable market through cooling distribution units, cold plates and modular data-center offerings.

Weidemanis said the company’s acquisition of a cold-plate business and its development of CDU offerings are beginning to contribute to growth. He added that only a small portion of a pipeline exceeding $1 billion for CDUs and related offerings has converted into orders so far, leaving additional potential opportunity.

The company is also working with Armada to build 500 megawatts of distributed edge-compute capacity in 2027. Vandiepenbeeck said Johnson Controls will record revenue related to the equipment and containerized modular data-center infrastructure, while Armada provides the software and distributed application layer.

Management said modular data centers offer a higher addressable market per megawatt than many other data-center applications because they can incorporate more of the company’s products and technologies.

Weidemanis said Johnson Controls has not seen a material shift away from chillers in data-center designs. While some installations may require fewer units over time, he said customers continue to design facilities with redundancy and peak operating conditions in mind. He also said the mix between air-cooled and water-cooled units has not changed materially recently.

Capital Spending and Restructuring Plans
Johnson Controls expects to invest approximately $900 million in capital expenditures during fiscal 2027. The investment will support manufacturing capacity, innovation, digital tools and artificial intelligence-enabled productivity improvements in field operations, management said.

Weidemanis said the company’s business system and lean-manufacturing efforts are helping it add capacity more efficiently. Without those productivity measures, he said the required capital investment would have been more than twice as high.

The company also announced a new restructuring program expected to generate approximately $600 million in gross annualized savings by fiscal 2029. Johnson Controls expects about $400 million in restructuring expense across fiscal 2027 and fiscal 2028.

The actions will focus mainly on portfolio areas outside its most technology-differentiated mission-critical businesses, including optimization of manufacturing and warehouse operations, streamlining support functions and moving accountability closer to customers.

Vandiepenbeeck said the prior restructuring program, launched following the divestiture of the company’s residential and light-commercial business, has progressed faster than expected. The company had anticipated $500 million in savings from approximately $400 million in costs, but now expects the savings run rate to be roughly $100 million to $150 million above the original target.

Fiscal 2027 Outlook
For the first quarter of fiscal 2027, Johnson Controls forecast organic revenue growth of 12% to 14%, operating leverage of 30% to 35%, and adjusted EPS of $1.15 to $1.20.

For the full year, the company expects organic revenue growth of 11% to 12%, operating leverage above 30%, and adjusted EPS of $6.15 to $6.30. At the midpoint, the EPS outlook represents 21% growth from fiscal 2026. Adjusted free-cash-flow conversion is projected at approximately 95% as capital spending rises.

Management expects to remain price-cost positive in fiscal 2027, though Vandiepenbeeck said inflation recovery does not necessarily generate the company’s typical gross-margin rate. The company also expects a slight improvement in the Middle East after a challenging fiscal 2026, though management noted continued uncertainty in the region.

Separately, Johnson Controls expects its global intrusion business sale to close near the end of the second quarter of fiscal 2027. The business generates annual revenue of roughly $500 million, and management expects the transaction to be slightly dilutive, by about $0.15 on an annualized basis after closing.

About Johnson Controls International (NYSE:JCI)Johnson Controls International plc NYSE: JCI is a global provider of building technology, products and services. The company helps customers design, operate and maintain efficient, healthy and secure buildings through solutions for heating, ventilation and air conditioning, building automation, energy management, fire detection and suppression, and physical security.

Its portfolio includes building controls and digital management platforms, HVAC equipment, chillers, air-handling systems, fire and security technologies, and related services.

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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STUART, Fla.--(BUSINESS WIRE)--Seacoast Banking Corporation of Florida ("Seacoast" or the "Company") (NASDAQ: SBCF) today reported unaudited results of operations and other financial information for the third quarter of 2026. Third Quarter 2026 Highlights Net income of $59.9 million, or $0.55 per share, increased 1% from the prior quarter and 64% from the prior year quarter. Adjusted net income1 of $71.8 million, or $0.66 per share, increased 9% from the prior quarter and 59% from the prior yea.

, /PRNewswire/ -- Equity LifeStyle Properties, Inc. (NYSE:ELS) (referred to herein as the "Company," "we," "us," and "our") today announced a leadership transition effective January 1, 2027.

Marguerite Nader has been elected Executive Vice Chair of the Board of Directors. Patrick Waite has been promoted to President and Chief Executive Officer, and David Eldersveld has been promoted to Executive Vice President, Chief Operating Officer and Chief Legal Officer.

"I want to thank Marguerite for her contributions to ELS as Chief Executive Officer for the past 13 years and for her leadership in strengthening the Company for the future. ELS has a longstanding tradition of leaders benefiting from the guidance and mentorship of their predecessors. This continuity has been central to our success, and I am grateful that Marguerite will continue to provide her leadership and support," said Thomas Heneghan, Chairman of our Board of Directors.

"Patrick's operating experience, including his leadership across acquisitions and operations, makes him exceptionally well prepared to lead ELS as our new Chief Executive Officer. Dave's institutional knowledge, cross-functional experience and proven judgment make him uniquely qualified for this expanded role," said Thomas Heneghan.

"I have tremendous confidence in this succession plan and in Patrick's leadership. As Executive Vice Chair, I look forward to working closely with the Board, Patrick and our leadership team to support the Company's continued success," said Marguerite Nader.

Patrick Waite has held senior leadership roles at ELS since 2013, most recently serving as President and Chief Operating Officer after a decade as Executive Vice President and Chief Operating Officer. Patrick has extensive manufactured housing experience from prior roles at American Residential Communities, Riverside Communities and Continental Communities.

David Eldersveld has held senior leadership roles at ELS since 2015 and currently serves as Executive Vice President, Chief Legal Officer, overseeing asset management, human resources, the law department and risk management. In his expanded role, he will also assume oversight of operations, led by Brett Hattel, who will be promoted to Executive Vice President, Operations effective January 1, 2027.

This leadership transition is part of the Company's multi-year succession plan led by our Board of Directors. Effective January 1, 2027, the size of the Board of Directors will be increased by one director, and Mr. Waite will be elected to the Board of Directors to fill the vacancy.

This news release includes certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. When used, words such as "anticipate," "expect," "believe," "project," "intend," "may be" and "will be" and similar words or phrases, or the negative thereof, unless the context requires otherwise, are intended to identify forward-looking statements and may include, without limitation, information regarding our expectations, goals or intentions regarding the future, and the expected effect of our acquisitions. Forward-looking statements, by their nature, involve estimates, projections, goals, forecasts and assumptions and are subject to risks and uncertainties that could cause actual results or outcomes to differ materially from those expressed in a forward-looking statement due to a number of factors, which include, but are not limited to the following: (i) the mix of site usage within the portfolio; (ii) yield management on our short-term resort and marina sites; (iii) scheduled or implemented rate increases on community, resort and marina sites; (iv) scheduled or implemented rate increases in annual payments under membership subscriptions; (v) occupancy changes; (vi) our ability to attract and retain membership customers; (vii) change in customer demand regarding travel and outdoor vacation destinations; (viii) our ability to manage expenses in an inflationary environment, including the impact of changes in tariffs, as well as costs associated with supply chain disruptions; (ix) changes in debt service and interest rates; (x) our ability to integrate and operate recent acquisitions in accordance with our estimates; (xi) our ability to execute expansion/development opportunities in the face of changes impacting the supply chain or labor markets; (xii) completion of pending transactions in their entirety and on assumed schedule; (xiii) our ability to attract and retain property employees, particularly seasonal employees; (xiv) ongoing legal matters and related fees; (xv) costs to clean up and restore property operations and potential revenue losses following storms or other unplanned events; and (xvi) the potential impact of material weaknesses, if any, in our internal control over financial reporting.

For further information on these and other factors that could impact us and the statements contained herein, refer to our filings with the Securities and Exchange Commission, including the "Risk Factors" and "Forward-Looking Statements" sections in our most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q.

These forward-looking statements are based on management's present expectations and beliefs about future events. As with any projection or forecast, these statements are inherently susceptible to uncertainty and changes in circumstances. We are under no obligation to, and expressly disclaim any obligation to, update or alter our forward-looking statements whether as a result of such changes, new information, subsequent events or otherwise.

We are a fully integrated owner of lifestyle-oriented properties and own or have an interest in 453 properties located predominantly in the United States consisting of 173,623 sites as of September 30, 2026. We are a self-administered, self-managed, real estate investment trust with headquarters in Chicago.

SOURCE Equity Lifestyle Properties, Inc.

BOISE, Idaho--(BUSINESS WIRE)--Boise Cascade Company (“Boise Cascade” or the “Company”) (NYSE: BCC) today announced the appointment of Brian Carlson to its Board of Directors, effective October 26, 2026. The appointment expands Boise Cascade's Board to 11 directors. “Brian is an accomplished leader who brings extensive building products experience and a strong record of leading business transformation, developing differentiated brands, and building high-performing teams,” said Nate Jorgensen, C.

Kennametal NYSE: KMT shareholders elected nine directors, ratified PricewaterhouseCoopers LLP as the company’s independent auditor for fiscal 2027 and approved an advisory vote on executive compensation at the company’s 2026 annual meeting.

Chairman William Lambert said all members of the board were present for the virtual meeting, along with members of management including President and Chief Executive Officer Sanjay Chowbey and Chief Financial Officer Patrick Watson. The company reported that more than a majority of its outstanding shares were represented at the meeting, establishing a quorum.

As of the Aug. 28, 2026 record date, Kennametal had 76.39 million shares of capital stock issued and outstanding, according to Michelle Keating, the company’s vice president, secretary and general counsel.

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Shareholders Approve Board, Auditor and Executive Pay Shareholders elected Joseph Alvarado, Shelley Bausch, Sanjay Chowbey, Douglas T. Dietrich, Richard J. Harshman, Dawne Hickton, Lorraine M. Martin, Sagar A. Patel and Paul Sternlieb to one-year terms expiring at the 2027 annual meeting.

They also ratified PricewaterhouseCoopers as Kennametal’s independent registered public accounting firm for the fiscal year ending June 30, 2027.

The company’s non-binding “say-on-pay” proposal regarding compensation for named executive officers was approved. Kennametal said approximately 99% of votes cast supported the executive-compensation advisory vote at its fiscal 2026 annual meeting.

Keating said final voting results would be reported in a Form 8-K filing with the Securities and Exchange Commission within four business days.

Fiscal 2026 Sales and Earnings Growth In remarks following the formal business portion of the meeting, Chowbey described fiscal 2026 as a strong year for the company, citing sales growth, higher margins and shareholder returns.

Sales reached $2.4 billion, rising 19% year over year on an organic basis, supported by additional price realization and modest volume growth, he said. Adjusted earnings per share increased to $4.57 from $1.34 in the prior year, while adjusted EBITDA margin expanded to 26.9% from 15.2%.

Kennametal returned $71 million to shareholders through dividends and share repurchases during the year, Chowbey said.

He said the company expanded its business with key customers by applying its materials science, process technology, application engineering and global supply-chain capabilities. The company also cited growth-platform wins associated with power generation for AI data centers, aerospace and defense programs, mining projects and next-generation vehicle powertrains.

Cost-Savings Plan and Fiscal 2027 Outlook Chowbey said Kennametal navigated what he described as an “unprecedented tungsten environment” during fiscal 2026, taking pricing and other actions intended to offset the impact while preserving operational discipline, liquidity and balance-sheet flexibility.

The company realized $27 million in restructuring savings during fiscal 2026 and remains committed to delivering $110 million in savings by the end of fiscal 2027, according to Chowbey. He said the lean transformation and structural cost actions are intended to make the organization more efficient, agile and focused on growth.

Looking ahead, Chowbey said Kennametal is encouraged by improving conditions and growth across several end markets. The company plans to remain disciplined amid market uncertainty while pursuing above-market growth, continuous improvement and customer-focused solutions.

No shareholder questions or comments were submitted during the meeting’s question-and-answer portion.

About Kennametal (NYSE:KMT)Kennametal Inc NYSE: KMT is a global industrial technology company that develops and manufactures tooling, engineered components and wear-resistant solutions. Its products are designed to help customers improve productivity, durability and performance in demanding manufacturing and industrial applications.

The company's offerings include metal-cutting tools and systems, tooling components, advanced materials, and products made with hard metals and other wear-resistant technologies. Kennametal also provides engineered solutions for applications such as machining, earthworks, energy production, transportation, aerospace, defense and general engineering.

Founded in 1938 by Philip M.

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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ATLANTA--(BUSINESS WIRE)--Manhattan Associates Inc. (NASDAQ: MANH), a global leader in supply chain commerce solutions, today announced that its Board of Directors has elected Juan Perez, a seasoned technology executive and advisor, to the Board, effective January 28, 2027.

Mr. Perez brings extensive experience leading enterprise transformation, digital strategy, governance and operational excellence across global organizations. Most recently, he served as Executive Vice President and Chief Information Officer at Salesforce, Inc., where he led Global IT, Global Business Services, Data & Analytics, and Transformation. He also helped establish and lead Salesforce’s AI Council, guiding the responsible adoption of AI to improve decision-making and business performance.

Before joining Salesforce, Mr. Perez spent more than 30 years at UPS, where he ultimately served as Chief Information and Engineering Officer and a member of the Executive Leadership Team. He is a two-time recipient of the Global ORBIE CIO of the Year Award and has received the Forbes CIO Innovation Award. He has also been recognized by CIO Magazine, HITEC, Hispanic Executive and GeorgiaCIO. Additional honors include the Distinguished Mexican Abroad Award from the Government of Mexico, the Héctor P. García Legacy Award and the USC Latino Alumni Visionary Award.

Commenting on his election to the Board, Mr. Perez stated, “I have followed Manhattan’s journey for years and am excited to join this innovative, industry-leading company. I look forward to contributing to its continued innovation, growth and success.”

“I'm delighted to welcome Juan to our Board,” said Thomas E. Noonan, Lead Independent Director of Manhattan’s Board. “His extensive business leadership, strategic technology and digital commerce expertise, and successful tenure in senior operating roles perfectly position him to make significant contributions to Manhattan.”

Mr. Perez currently serves on the boards of Wabtec Corporation, American International Group, Inc. (AIG), and Nexcess Corp.

ABOUT MANHATTAN ASSOCIATES

Manhattan Associates is a global technology leader, providing supply chain and omnichannel commerce solutions with unmatched AI capabilities. We design, build and offer best-in-class, AI-powered, cloud-based solutions that drive resilience and efficiency for businesses. We enable enterprises to uniquely unify front-end sales with back-end supply chain execution.

Our commitment to innovation, cloud-native platform and API-first architecture create simpler experiences and faster paths to value for our customers. We empower them to preempt and react to emerging trends and global disruptions with technical expertise and operational confidence, transforming challenges into competitive advantage. For more information, please visit www.manh.com.

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NEW YORK & NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Surgery Partners, Inc. (NasdaqGS: SGRY) to HealthSpan Partners. Under the terms of the proposed transaction, shareholders of Surgery Partners will receive $23.50 in cash for each share of Surgery Partners that they own. KSF is seeking to determine whether this consideration and the process that led.

MILWAUKEE, Oct. 27, 2026 (GLOBE NEWSWIRE) -- Artisan Partners Asset Management Inc. (NYSE: APAM) (the “Company” or “Artisan Partners”) today reported its results for the quarter ended September 30, 2026, and declared a quarterly dividend. The full September 2026 quarter earnings release and investor presentation can be viewed at www.apam.com.

Conference Call

The Company will host a conference call on October 28, 2026, at 11:00 a.m. (Eastern Time) to discuss its results for the three and nine months ended September 30, 2026. Hosting the call will be Jason Gottlieb, Chief Executive Officer and President, and C.J. Daley, Chief Financial Officer. Supplemental materials that will be reviewed during the call are available on the Company’s website at www.apam.com. The call will be webcast and can be accessed via the Company’s website. Listeners may also access the call by dialing 877.328.5507 or 412.317.5423 for international callers; the conference ID is 10211561. A replay of the call will be available until November 4, 2026, at 9:00 a.m. (Eastern Time), by dialing 855.669.9658 or 412.317.0088 for international callers; the replay conference ID is 9164543. An audio recording will also be available on the Company’s website.

About Artisan Partners

Artisan Partners is a global multi-asset investment platform providing a broad range of high value-added investment strategies in growing asset classes to sophisticated clients around the world. Since 1994, the firm has been committed to attracting experienced, disciplined investment professionals to manage client assets. Artisan Partners’ autonomous investment teams oversee a diverse range of investment strategies across multiple asset classes. Strategies are offered through various investment vehicles to accommodate a broad range of client mandates.

Source: Artisan Partners Asset Management Inc.

Investor Relations Inquiries

866.632.1770
[email protected]

 | Source: PacBio

MENLO PARK, Calif., Oct. 27, 2026 (GLOBE NEWSWIRE) -- PacBio (NASDAQ: PACB), a leading developer of high-quality, highly accurate sequencing solutions, announced today that management will be participating in the following upcoming investor conferences:

Monday, November 9, 2026: UBS Global Healthcare Conference in Palm Beach Gardens, FL. Management will participate in a fireside chat at 5:00PM ET.Monday, November 16, 2026: Jefferies Global Healthcare Conference in London, UK. Management will participate in 1x1 investor meetings.Wednesday, November 18, 2026: Stephens NASH26 Conference in Nashville, TN. Management will participate in a fireside chat at 3:45pm ET. Live webcasts of the fireside chats can be accessed at the company’s investors page at investor.pacificbiosciences.com. A replay of each webcast will be available for at least 30 days following the event.

About PacBio

PacBio (NASDAQ: PACB) is a premier life science technology company that designs, develops, and manufactures advanced sequencing solutions to help scientists and clinical researchers resolve genetically complex problems. Our products and technologies, which include our HiFi long-read sequencing, address solutions across a broad set of research applications including human germline sequencing, plant and animal sciences, infectious disease and microbiology, oncology, and other emerging applications. For more information, please visit www.pacb.com and follow @PacBio.

PacBio products are provided for Research Use Only. Not for use in diagnostic procedures.

Contacts

Investors:
[email protected]

Media:
[email protected]

NEW YORK, Oct. 27, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Doximity, Inc. (“Doximity” or the “Company”) (NYSE: DOCS). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.

The class action concerns whether Doximity and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

You have until November 16, 2026, to ask the Court to appoint you as Lead Plaintiff for the class if you purchased or otherwise acquired Doximity securities during the Class Period. A copy of the Complaint can be obtained at www.pomerantzlaw.com.        

[Click here for information about joining the class action]

On November 6, 2025, despite reporting strong second quarter results, Doximity expressed a degree of caution regarding the outlook for ad spending and implied a slowdown in sales growth in the second half of the 2026 fiscal year, which ended on March 31, 2026. 

On this news, Doximity’s stock price fell $8.29 per share, or 13.25%, to close at $54.29 per share on November 7, 2025. 

Then, on February 5, 2026, Doximity lowered its revenue guidance for 2026 full fiscal year, which ended on March 31, 2026, and announced that its sales growth had decelerated while its net income had contracted, which will negatively impact its 2026 fiscal fourth quarter. 

On this news, Doximity’s stock price fell $5.59 per share, or 16.78%, to close at $27.73 per share on February 6, 2026. 

Finally, on May 13, 2026, Doximity announced that it missed its already-reduced revenue guidance and projected a significantly slower pace of growth for its 2027 fiscal year, which ends on March 31, 2027.  As a result, several analysts downgraded Doximity stock citing issues specific to the Company’s business. 

On this news, Doximity’s stock price fell $5.38 per share, or 23%, to close at $18.01 per share on May 14, 2026.

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

Attorney advertising.  Prior results do not guarantee similar outcomes.  

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

New York, New York--(Newsfile Corp. - October 27, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of AST SpaceMobile, Inc. (NASDAQ: ASTS) between March 4, 2025 and July 15, 2026, inclusive (the "Class Period"), of the important November 13, 2026 lead plaintiff deadline.

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

WHAT TO DO NEXT: To join the AST SpaceMobile class action, go to https://rosenlegal.com/cases/ast-spacemobile-inc-2026/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than November 13, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

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

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) AST SpaceMobile's increasing capital requirements were likely to increase AST SpaceMobile's debt load and share dilution with greater frequency and at greater scale than defendants had signaled to investors; (2) accordingly, defendants had overstated the sufficiency of AST SpaceMobile's capital and liquidity position to achieve AST SpaceMobile's strategic and business goals; (3) defendants likewise overstated the durability of AST SpaceMobile's competitive position in the satellite D2C market; (4) even following the EchoStar Transaction, defendants continued overstating AST SpaceMobile's competitive position in the satellite D2C market; (5) AST SpaceMobile was experiencing slow user adoption in the U.S. and Japan; (6) the foregoing was likely to have a significant negative impact on AST SpaceMobile's business and financial prospects; and (7) as a result, defendants' public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the AST SpaceMobile class action, go to https://rosenlegal.com/cases/ast-spacemobile-inc-2026/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

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

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

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

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/321237

Source: The Rosen Law Firm PA

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SummaryFTAI Aviation Ltd. is rated Hold with a $60/share price target, reflecting concerns over valuation, leverage, and cyclicality.FTAI's business model leverages the aftermarket for CFM56 and V2500 jet engines, capitalizing on predictable maintenance demand but requiring significant inventory and debt.Despite 51% revenue growth in H1 '26, FTAI faces margin compression, negative operating cash flow, and heavy reliance on asset sales for earnings.The current FTAI share price implies a 34x P/E on normalized earnings; upside depends on achieving ambitious 2027–2028 E growth, which remains unproven.Looking for more investing ideas like this one? Get them exclusively at Wolf of Value. Learn More » Gestur Gislason/iStock Editorial via Getty Images

This FTAI Aviation Ltd. (FTAI) review is a request from a subscriber that I've researched for some time now. I've had to push the piece forward a few times due to things and

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

While this article may sound like financial advice, please observe that the author is not a CFA or in any way licensed to give financial advice. It may be structured as such, but it is not financial advice. Investors are required and expected to do their own due diligence and research prior to any investment. Short-term trading, options trading/investment and futures trading are potentially extremely risky investment styles. They generally are not appropriate for someone with limited capital, limited investment experience, or a lack of understanding for the necessary risk tolerance involved. I own the European/Scandinavian tickers (not the ADRs) of all European/Scandinavian companies listed in my articles. I own the Canadian tickers of all Canadian stocks I write about. Please note that investing in European/Non-US stocks comes with withholding tax risks specific to the company's domicile as well as your personal situation. Investors should always consult a tax professional as to the overall impact of dividend withholding taxes and ways to mitigate these.

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

NEW YORK, Oct. 27, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Hims & Hers Health, Inc. (“Hims & Hers” or the “Company”) (NYSE: HIMS). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.

The class action concerns whether Hims & Hers and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

You have until November 2, 2026, to ask the Court to appoint you as Lead Plaintiff for the class if you purchased or otherwise acquired Hims & Hers securities during the Class Period. A copy of the Complaint can be obtained at www.pomerantzlaw.com.        

[Click here for information about joining the class action]

On July 29, 2026, the Federal Trade Commission (“FTC”) announced the filing of a lawsuit against Hims & Hers “alleging that the telehealth provider shared consumers’ sensitive health information about medical conditions with third-party advertising platforms despite claiming its services maintain consumers’ privacy and deceives users about its billing and cancellation practices.”  According to the FTC complaint, Hims & Hers engages in other deceptive advertising practices, including failing to “clearly disclose that it charges consumers for prescriptions almost immediately after they submit an intake form, despite telling consumers that they will be able to consult with a medical provider to find a treatment that is ‘right for them.’”  The FTC complaint also includes allegations that Hims & Hers “shared consumers’ sensitive health information with third-party advertising companies and platforms . . . such as Meta Platforms, Inc. (‘Meta’) and Snap Inc. (‘Snap’).” 

On this news, Hims & Hers’ stock price fell $4.32 per share, or 14.73%, to close at $25.00 per share on July 29, 2026. 

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

Attorney advertising.  Prior results do not guarantee similar outcomes.  

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

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WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) announced today that it has been awarded the SR 202 Widening and Trestle Replacement Project - Phase B by the City of Woodinville, Washington. The contract is valued at approximately $16 million and will be included in Granite's fourth quarter 2026 CAP. 

This project showcases the breadth of Granite's capabilities across structures, earthwork, underground utilities, paving, and construction materials

ShareThe project will widen SR 202/131st Avenue NE between NE 177th Street and NE 175th Street from five lanes to eight lanes, and replace the existing railroad trestle with a new, unique arched and flared post-tensioned box girder pedestrian bridge. The improvements will enhance traffic flow through the city while the bridge will create a distinctive gateway into the City of Woodinville, providing an architecturally significant landmark for residents and visitors.

"This project showcases the breadth of Granite's capabilities across structures, earthwork, underground utilities, paving, and construction materials," said Regional VP Mike Stein. "The bridge component is both technically complex and visually distinctive, providing an opportunity to deliver infrastructure that improves mobility while creating a lasting community asset."

Granite’s Smith Island asphalt plant and Granite Falls aggregate facility will provide materials for the project.

The project will begin in the fourth quarter of 2026 and completion is anticipated in the fourth quarter of 2027.

About Granite 
Granite is America’s Infrastructure Company™. Incorporated since 1922, Granite (NYSE:GVA) is one of the largest diversified construction and construction materials companies in the United States as well as a full-suite civil construction provider. Granite’s Code of Conduct and strong Core Values guide the Company and its employees to uphold the highest ethical standards. Granite is an industry leader in safety and an award-winning firm in quality and sustainability. For more information, visit the Granite website, graniteconstruction.com, and connect with Granite on LinkedIn, X, Facebook, and Instagram. 

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