Tinder Daily Active Users Returned to Year-over-Year ("Y/Y") Growth In September After More Than Three Years

Hinge Delivered Double-Digit User, Revenue, and Payer Growth Y/Y

LOS ANGELES, Nov. 2, 2026 /PRNewswire/ -- Match Group (NASDAQ: MTCH) today announced financial results for the third quarter ended September 30, 2026.

"For the past year, we've said better user experiences will drive better business results. While there's still work ahead, Q3 provided more proof points that this strategy is working," said CEO Spencer Rascoff. "Tinder's Sparks1 and Sparks Coverage2 delivered their strongest quarterly Y/Y performance since we began tracking them, and Daily Active Users returned to Y/Y growth in September for the first time in three and a half years. The early results from Events and Group Hangouts show Tinder is building the right features, and we're doubling down on our 'Better with Friends' Roadmap to drive reconsideration. Hinge is a leader in intentional dating, and we see significant opportunities ahead in both its core and expansion markets. There is more to do, but we're delivering on the milestones we set, and our confidence is building as we head into 2027."

"We delivered against our financial expectations this quarter, while the underlying trends at Tinder continued to improve," said CFO Steve Bailey. "Our disciplined approach to capital allocation has reduced diluted shares outstanding3 by 4% Y/Y4, and 10% since the beginning of 2025. Looking ahead, we're focused on translating Tinder's improving user trends into sustainable revenue growth in 2027, while continuing to deliver strong Free Cash Flow and shareholder return to shareholders."

Dividend Declaration

Match Group's Board of Directors has declared a cash dividend of $0.20 per share of the company's common stock. The dividend is payable on January 21, 2027 to shareholders of record as of January 6, 2027.

Webcast and Prepared Remarks

A webcast of our third quarter 2026 results will be available at https://ir.mtch.com, along with our Prepared Remarks and Supplemental Financial Materials. The call will begin with brief remarks followed by a question and answer session. The webcast will begin today, November 2, 2026, at 5:00 PM Eastern Time.

About Match Group

Match Group is leading the next chapter of human connection. Our global portfolio of brands â including Tinder, Hinge, Match, Pairs, BLK, Upward, OurTime, The League, HER, Azar, and more â sparks meaningful real-world connections across cultures, communities, and every stage of life. Learn more at www.mtch.com.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995

This press release and our webcast, which will be held at 5:00 PM Eastern Time on November 2, 2026, may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements that are not historical facts are "forward-looking statements." The use of words such as "anticipates," "estimates," "expects," "plans," "believes," "will," and "would," among others, generally identify forward-looking statements. These forward-looking statements include, among others, statements relating to: Match Group's future financial performance, Match Group's business prospects and strategy, anticipated trends, and other similar matters. These forward-looking statements are based on management's current expectations and assumptions about future events, which are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. Actual results could differ materially from those contained in these forward-looking statements for a variety of reasons, including, among others: failure to retain existing users or add new users, or if users do not convert to paying users; competition; risks related to our restructuring and reorganization activities; our ability to attract and retain users through cost-effective marketing efforts; our reliance on a variety of third-party platforms, in particular, mobile app stores; our ability to realize reductions in in-app purchase fees; inappropriate actions by certain of our users could be attributed to us or may not be adequately prevented by us; dependence on our key personnel; volatile global economic conditions; operational and financial risks in connection with acquisitions; impairment charges related to our intangible assets; operations in various international markets, including certain markets in which we have limited experience; foreign currency exchange rate fluctuations; challenges in measuring our user metrics and other estimates; the limited operating history of our newer brands and services makes it difficult to evaluate our current business and future prospects; impacts of climate change; the integrity of our and third parties' systems and infrastructure; cyberattacks on our systems and infrastructure and cyberattacks experienced by third parties; our ability to access, collect, and use personal data about our users; breaches or unauthorized access of personal and confidential or sensitive user information that we maintain and store; challenges with properly managing the use of artificial intelligence; risks related to credit card payments; risks related to our use of "open source" software; complex and evolving U.S., foreign, and international laws and regulations; our ability to protect our intellectual property rights or accusations that we infringe upon the intellectual property rights of others; adverse outcomes in litigation; risks related to our taxation in multiple jurisdictions; risks related to our indebtedness; and risks relating to ownership of our common stock. Certain of these and other risks and uncertainties are discussed in Match Group's filings with the Securities and Exchange Commission. Other unknown or unpredictable factors that could also adversely affect Match Group's business, financial condition and results of operations may arise from time to time. In light of these risks and uncertainties, these forward-looking statements may not prove to be accurate. Accordingly, you should not place undue reliance on these forward-looking statements, which only reflect the views of Match Group management as of the date of this press release. Match Group does not undertake to update these forward-looking statements.

1 Sparks is the number of users engaging in six-way conversations at a brand level in a given week.

2 Sparks Coverage is the percentage of active users at a brand level who experience a Spark in a given period.

3 As defined on page 19 of Match Group's Q3 2026 Prepared Remarks.

4 As of October 31, 2026.

SOURCE Match Group

Share this article

Poised to transform quality of execution for brokers and their customers

PHILADELPHIA, Nov. 3, 2026 /PRNewswire/ -- Sporttrade, a premier sports market technology platform, today announced that the U.S. Commodity Futures Trading Commission (CFTC) has officially granted the company registration as both a Designated Contract Market (DCM) and a Derivatives Clearing Organization (DCO).

Unlike many recent registrations, Sporttrade's designation as a DCM and DCO allows it to support intermediated activity through Futures Commission Merchants (FCM), as well as supporting direct access participants, Introducing Brokers (IBs), and Independent Software Vendors (ISV) on its exchange, and to clear for other DCMs via its DCO.

Under CFTC oversight, Sporttrade aims to deliver superior market structure, tight spreads, and real-time execution across sports event contracts, with a focus on improving quality of execution for brokers and their customers.  In preparation for launch, Sporttrade is actively onboarding brokers with national distribution such as Fliff, that will route order flow from their customers to the exchange pending regulatory approval.

As a CFTC-regulated DCM and DCO, Sporttrade is built from the ground up to support flow-providing intermediaries, sophisticated traders, and market makers. By bringing the technology and market structure of traditional financial exchanges to sports markets, Sporttrade provides its partners and participants with an execution environment engineered for scale and reliability.

"Receiving our DCM and DCO registrations from the CFTC is a true full circle moment for our company," said Alexander Kane, Chief Executive Officer at Sporttrade. "We founded Sporttrade on the principle that sports markets deserve the same high-performance structure, tight pricing, and regulatory integrity as traditional financial markets. By operating as both the exchange and the clearing venue, we are empowering broker partners with superior market quality while giving sophisticated traders the liquidity, transparency, and service they demand. In addition to our exchange business, we're pleased to have begun clearing discussions with several exchanges who have understood Sporttrade to be a market leader on exchange and clearing technology for the past five years."

Key Highlights of Sporttrade's Exchange & Clearing Infrastructure:

Broker-First Market Architecture: Engineered to seamlessly support flow providers with dedicated institutional support, dedicated order entry, market data, drop copy ports, and robust back-office tools.

Direct Clearing Capability: As a registered DCO, Sporttrade directly clears and settles transactions for self-clearing members and intermediaries, and leverages a more efficient withholding on member balances while maintaining full collateralization.

Superior Quality of Execution: Powered by proprietary market structure, Sporttrade is poised to reduce broker costs by decreasing spreads on the type of products broker customers desire.

Sporttrade DCM plans to roll out its exchange and clearing capabilities in phases, starting with select flow and liquidity providers.

Sporttrade is working with a pipeline of additional brokers and institutional partners to quickly expand its market presence in the coming months. To learn more about Sporttrade's market infrastructure, broker integration and market making programs, or regulatory framework, visit www.sporttrade.com.

About Sporttrade

Sporttrade's mission is to perpetually deliver superior quality of markets for institutional partners and sophisticated traders alike. As a market technology company, Sporttrade represents the relentless passion to apply cutting-edge sports market microstructure expertise in an effort to always put market participants first.

By uniting proven electronic market structure with sports markets, Sporttrade aims to offer tight spreads, deep liquidity, and cutting-edge market infrastructure to broker-intermediaries and sophisticated traders alike. Operating as a CFTC-regulated Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), Sporttrade is setting the institutional standard for the sports trading ecosystem.

SOURCE Sporttrade Inc.

Share this article

WILMINGTON, Del., Nov. 2, 2026 /PRNewswire/ -- The Chemours Company ("Chemours" or "the Company") (NYSE: CC), a global chemistry company with leading market positions in Thermal & Specialized Solutions ("TSS"), Titanium Technologies ("TT"), and Advanced Performance Materials ("APM"), today announced its financial results for the third quarter 2026.

Key Third Quarter 2026 Results & Recent Highlights1

- Net Sales of $1.5 billion, up slightly from the prior-year quarter, reflecting an approximately 10% year-over-year pricing increase in TT and 26% year-over-year growth in APM Performance Solutions.

- Net Income attributable to Chemours of $196 million, or $1.29 per diluted share, compared with Net Income attributable to Chemours of $46 million, or $0.31 per diluted share, in the corresponding prior-year quarter.

- Adjusted Net Income2 of $31 million, or $0.21 per diluted share, compared with Adjusted Net Income of $26 million, or $0.17 per diluted share, in the corresponding prior-year quarter.

- Adjusted EBITDA2,3 of $200 million, compared with $189 million in the prior-year quarter, driven by improved pricing in TT and growth in APM Performance Solutions.

- As previously announced, entered into a settlement with the State of North Carolina and 11 local entities to resolve litigation relating to PFAS and other historical discharges from Fayetteville Works, as well as claims of PFAS contamination unrelated to that site, including from the use of AFFF.

- Formally launching Chemours' liquid cooling portfolio, including four two-phase direct-to-chip and one immersion cooling fluid under the Faizeon⢠liquid cooling brand.

- Completed the sale of the Kuan Yin property for total net consideration of ~$340 million, including the remaining land parcel for $56 million of gross proceeds.

"Our third-quarter results demonstrate strong year-over-year performance in TT and APM, reflecting pricing execution in TiO2 and increased demand across Performance Solutions' high-value AI infrastructure including data center and semiconductor end markets," said Denise Dignam, Chemours President and CEO. "We also continued to make meaningful progress under our Pathway to Thrive, including reaching a settlement with the State of North Carolina, driving operational improvements through the Chemours Business System, and closing the sale of the final parcel of land associated with our former Kuan Yin property. While we continue to navigate TSS stationary aftermarket dynamics and a softer macroeconomic environment, we remain focused on disciplined execution of our strategic priorities and the factors within our control to drive long-term returns for shareholders."

Total Chemours

Third quarter 2026 Net Sales were approximately $1.5 billion, an increase of approximately 3% compared with the prior-year quarter. The year-over-year increase in Net Sales was driven by a 5% increase in pricing, partially offset by a 2% decrease in volumes and a slight currency headwind. The pricing increase was primarily driven by previously announced price actions in TT, complemented by a favorable mix shift toward APM Performance Solutions. Lower year-over-year volumes primarily reflected anticipated lower North American stationary AC aftermarket sales of TSS OpteonTM blends compared with elevated demand in the prior-year quarter.

Third quarter 2026 Net Income attributable to Chemours was $196 million, or $1.29 per diluted share, compared with $46 million, or $0.31 per diluted share, in the prior-year quarter. Current-year third-quarter Net Income included the receipt of $150 million related to the PFAS insurance proceeds MOU that was executed in connection with the finalization of the judicial consent order ("JCO") with the State of New Jersey. This was presented as a reduction to Selling, general, and administrative expense. Third quarter Adjusted Net Income increased 19% compared with the prior-year quarter, aligned with trends in Adjusted EBITDA as highlighted below.

Adjusted EBITDA for the third quarter of 2026 was $200 million, compared with $189 million in the prior-year quarter. The increase was driven by pricing momentum in TT and a favorable mix shift toward APM Performance Solutions, partially offset by lower TSS volumes associated with the North American stationary AC aftermarket dynamics noted above and higher costs across each business.

Thermal & Specialized Solutions

TSS segment third quarter 2026 Net Sales were $510 million, a decrease of 9% compared with the prior-year quarter, driven by a 9% decrease in volumes and a slight decrease in price.

The decrease in volumes was primarily attributable to lower North American stationary AC aftermarket sales of TSS Opteon⢠blends compared with elevated demand in the prior-year quarter, which benefited from the initial aftermarket channel fill associated with the stationary AC technology transition under the U.S. AIM Act.

Adjusted EBITDA for the quarter decreased 30% to $136 million, while Adjusted EBITDA Margin decreased eight points to 27%. The decrease in Adjusted EBITDA was primarily driven by the lower OpteonTM stationary aftermarket sales noted above and higher costs incurred during the period.

Sequentially, TSS Net Sales decreased 14%, driven by lower volumes associated with seasonal demand trends in the North American stationary AC aftermarket, as well as a slight currency headwind, partially offset by pricing.

Titanium Technologies

TT segment third quarter 2026 Net Sales were $680 million, an 11% increase compared with the prior-year quarter. The increase was driven by a 10% increase in global pricing and a 1% increase in global volumes, partially offset by a slight currency headwind. Pricing increased across all regions in connection with recent pricing announcements, while global volume growth reflected strength in North America, Latin America, and APAC excluding China that more than offset lower volumes across EMEA and China.

TT segment third quarter 2026 Adjusted EBITDA increased to $85 million from $25 million in the prior-year quarter and Adjusted EBITDA Margin increased by nine points to 13%. The increase in Adjusted EBITDA was primarily driven by the global pricing strength noted above and higher volumes, partially offset by modest cost inflation.

Sequentially, TT segment third quarter 2026 Net Sales increased 3%, driven by a 4% increase in price, reflecting continued execution of recent TiO2 pricing announcements, partially offset by a 1% decrease in global volumes and a slight currency headwind.

Advanced Performance Materials

APM segment third quarter 2026 Net Sales were $337 million, an 8% increase compared with the prior-year quarter. The increase was driven by a 6% increase in price and a 2% increase in volume, partially offset by a slight currency headwind. Performance Solutions Net Sales increased 26%, reflecting continued order book strength and momentum in high-value specialty products serving data center and semiconductor end markets.

APM segment third quarter 2026 Adjusted EBITDA increased 71% to $24 million compared with the prior-year quarter, while Adjusted EBITDA Margin increased two points to 7%. The increase in Adjusted EBITDA was primarily driven by a favorable mix shift toward higher-value Performance Solutions products serving data center and semiconductor end markets, partially offset by higher costs incurred during the period.

Sequentially, APM segment third quarter 2026 Net Sales increased approximately 3%, driven by a 2% increase in price and a 1% increase in volume. Performance Solutions Net Sales increased 8%, reflecting continued order book strength and momentum in high-value specialty products serving data center and semiconductor end markets.

Other Non-Reportable Segment

The Performance Chemicals and Intermediates business in the Company's Other Non-Reportable Segment had Net Sales and Adjusted EBITDA for the third quarter 2026 of $13 million and $1 million, respectively.

Corporate Expenses

Corporate Expenses were $46 million in the third quarter of 2026, an increase of approximately $1 million compared with the prior-year quarter.

Liquidity and Capital Allocation

As of September 30, 2026, consolidated gross debt was $3.9 billion. Debt, net of $698 million in unrestricted4 cash and cash equivalents, was $3.2 billion, resulting in a Net Leverage ratio of approximately 4.3x on a trailing twelve-month Adjusted EBITDA basis. Total liquidity was $1.7 billion, composed of $698 million in unrestricted cash and cash equivalents and $953 million of revolving credit facility capacity, net of outstanding letters of credit.

Operating cash flows for the third quarter of 2026 were $149 million, which includes the aforementioned receipt of $150 million in restricted cash related to the PFAS insurance proceeds MOU in connection with the finalization of the JCO with the State of New Jersey, partially offset by an approximately $100 million use of restricted cash to fund settlement payments associated with the 2025 settlement with the State of New Jersey and approximately $25 million of taxes related to the property sale in Kuan Yin. This is compared with $146 million of operating cash flows in the prior-year quarter.

Capital expenditures for the third quarter of 2026 amounted to $51 million, an increase compared with $41 million in the prior-year quarter.

Free Cash Flows for the third quarter of 2026 were $98 million, compared with $105 million in the third quarter of 2025.

Fourth Quarter 2026 Outlook

In the fourth quarter, the Company expects consolidated Net Sales to decrease in the range of 5% to 10%, sequentially, driven by seasonality in TSS and TT, with consolidated Adjusted EBITDA expected to range between $160 million and $185 million. Corporate Expenses are expected to be approximately $40 million to $45 million. The Company also anticipates capital expenditures to be between $75 million and $85 million, with positive Free Cash Flows.

New Faizeon⢠portfolio of two-phase direct-to-chip and immersion cooling fluids address rising AI heat loads with superior performance and reduced energy and water use

WILMINGTON, Del., Nov. 2, 2026 /PRNewswire/ -- The Chemours Company ("Chemours") (NYSE: CC), today launched Faizeon⢠two-phase liquid cooling solutions1, for artificial intelligence (AI), high-performance computing (HPC), and high-density data centers. The portfolio includes dielectric fluids engineered for both two-phase direct-to-chip and two-phase immersion cooling, giving data center operators and technology partners highly efficient options that can support evolving system architectures and remove heat from high-power processors and servers.

Faizeon⢠fluids use phase change, in which the fluid absorbs heat and changes from liquid to vapor, to enable efficient, reliable heat removal as AI and HPC drive higher chip power and rack densities. In independent third-party testing, a two-phase direct-to-chip system using Faizeon⢠200 fluid maintained a Graphics Processing Unit (GPU) at up to 19 degrees Celsius lower than a single-phase, water-based fluid, while using a lower coolant flow rate.

"AI's rapid growth is increasing the demands on data center infrastructure, and cooling is becoming a critical constraint," said Denise Dignam, President and CEO at Chemours. "With our liquid cooling solutions, we are applying more than 90 years of thermal management expertise to help data centers manage higher heat loads while improving performance and dramatically reducing energy and water demand. Our Faizeon⢠liquid cooling team is collaborating across the data center ecosystem, to bring together the expertise, testing, and support needed to confidently deploy two-phase liquid cooling at scale."

Faizeon⢠two-phase liquid cooling fluids for direct-to-chip and immersion cooling:

- Faizeon⢠100 fluid â A low-pressure two-phase direct-to-chip fluid designed for system architectures where operating pressure, materials compatibility, and infrastructure considerations are central to deployment planning.

- Faizeon⢠110 fluid â A low-pressure two-phase direct-to-chip fluid with an intermediate boiling point and zero ozone depletion potential for advanced direct-to-chip cooling systems.

- Faizeon⢠200 fluid â A high-performance two-phase direct-to-chip fluidâand industry standard for medium pressure systemsâoffering performance and environmental balance, designed for advanced cooling architectures serving high-density AI and HPC processors.

- Faizeon⢠220 fluid â Chemours' highest-performance two-phase direct-to-chip fluid, well suited for applications where rapid heat removal is critical, including high-density GPU environments, advanced AI clusters, and HPC deployments.

- Faizeon⢠500 fluid â A two-phase immersion cooling fluid, formerly Opteon⢠2P50 dielectric fluid, purpose-built for full-server immersion cooling with excellent dielectric properties, full-server heat capture, ultra-high-density AI deployment support, and waste heat recovery potential.

Benefits of Faizeon⢠fluids:

- Superior heat transfer: Through phase change Faizeon⢠fluids absorb and remove high heat loads from processors and server components.

- Lower cooling-related energy demand: Systems designed for Faizeon⢠fluids can reduce the energy required for data center cooling, improving facility efficiency.

- Minimal cooling-related water consumption: Faizeonâ¢-enabled systems can nearly eliminate cooling-related water use, depending on system design and operating conditions.

- Fluid circularity: Faizeon⢠fluids are engineered to support recovery, reprocessing, and reuse.

To support continued innovation and accelerated adoption of advanced liquid cooling technologies, Chemours has collaborated across the data center ecosystem to help advance the adoption of two-phase liquid cooling technologies. These efforts include engagements with the U.S. Department of Energy's Oak Ridge National Laboratory (ORNL), NTT DATA, 2CRSi, DataVolt, Munters, Accelsius, and ZutaCore. Learn more at Faizeon.com.

About The Chemours Company

The Chemours Company (NYSE: CC) is a global leader in providing industrial and specialty chemicals products for markets, including coatings, plastics, refrigeration and air conditioning, transportation, semiconductor and advanced electronics, general industrial, and oil and gas. Through our three businesses â Thermal & Specialized Solutions, Titanium Technologies, and Advanced Performance Materials â we deliver application expertise and chemistry-based innovations that solve customers' biggest challenges. Our flagship products are sold under prominent brands such as Opteonâ¢, Freonâ¢, Ti-Pureâ¢, Nafionâ¢, Teflonâ¢, Vitonâ¢, and Krytoxâ¢. Headquartered in Wilmington, Delaware and listed on the NYSE under the symbol CC, Chemours has approximately 5,700 employees and 28 manufacturing sites and serves approximately 2,400 customers in approximately 110 countries. For more information, visit chemours.com or follow us on LinkedIn.

Forward-Looking Statements 

This press release contains forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which involve risks and uncertainties. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to a historical or current fact. The words "believe," "expect," "will," "anticipate," "plan," "estimate," "target," "project" and similar expressions, among others, generally identify "forward-looking statements," which speak only as of the date such statements were made. These forward-looking statements may address, among other things, new product development, expected timeline for adoption of new technologies, obtaining required regulatory approvals, decreasing environmental footprint, plans to continue investment in research and development, all of which are subject to substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. These statements are not guarantees of future performance. Forward-looking statements also involve risks and uncertainties that are beyond Chemours' control. Matters outside our control, including general economic conditions, market adoption of technology, geopolitical conditions and global health events, regulatory changes, and changes in environmental regulations in the U.S. or other jurisdictions that affect demand for or adoption of our products, have affected or may affect our business and operations and may or may continue to hinder our ability to provide goods and services to customers, cause disruptions in our supply chains such as through strikes, labor disruptions or other events, adversely affect our business partners, significantly reduce the demand for our products, adversely affect the health and welfare of our personnel or cause other unpredictable events. Additionally, there may be other risks and uncertainties that Chemours is unable to identify at this time or that Chemours does not currently expect to have a material impact on its business. Factors that could cause or contribute to these differences include the risks, uncertainties and other factors discussed in our filings with the U.S. Securities and Exchange Commission, including in our Annual Report on Form 10-K for the year ended December 31, 2025 and our forthcoming Quarterly Report on Form 10-Q for the quarter ended September 30, 2026. Chemours assumes no obligation to revise or update any forward-looking statement for any reason, except as required by law.  

CONTACTS:

INVESTORS

Brandon Ontjes

VP, Head of Strategy & Investor Relations

+1.302.773.3300 

[email protected] 

NEWS MEDIA

Cassie Olszewski

Media Relations & Reputation Leader

+1.302.219.7140

[email protected]  

1 ©2026 The Chemours Company. Chemoursâ¢, and the Chemours logo, are trademarks of The Chemours Company. Faizeon⢠is a trademark of The Chemours Company FC, LLC.

SOURCE The Chemours Company

Share this article

ELKHART, Ind., Nov. 2, 2026 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company"), a leading component solutions provider for the Outdoor Enthusiast and Housing markets, will participate in one-on-one meetings with investors and analysts at two upcoming conferences in November:

- Northcoast Research Fall Management Forum will be held virtually on November 9, 2026.

- Baird 2026 Global Industrial Conference will be held in Chicago, Illinois from November 10-12, 2026. Patrick will participate on November 10.

Please contact Northcoast or Baird for attendance information and additional details.

About Patrick Industries, Inc.

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

Forward-Looking Statements

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

Contact:

Steve O'Hara

Vice President of Investor Relations

[email protected]

574.294.7511

SOURCE Patrick Industries, Inc.

Share this article

ALAMO GROUP ANNOUNCES FINANCIAL RESULTS FOR THE THIRD QUARTER 2026 AND STRENGTHENS ITS INDUSTRIAL PORTFOLIO

SEGUIN, Texas, Nov. 2, 2026 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) today reported results for the third quarter of 2026.

Highlights:

- On October 27, 2026, the Company acquired Econ Engineering Group Limited ("Econ"), a leading U.K. manufacturer of roadway maintenance vocational trucks, for £120.0 million ($158.7 million), plus customary closing adjustments. With this acquisition, Alamo Group expands its industrial portfolio of market-leading businesses serving essential infrastructure and maintenance applications.

- During the third quarter of 2026, the Company substantially completed the planned portfolio optimization initiatives aimed at improving its long-term margin profile, particularly within the Vegetation Management Division. These actions included the sale and the wind-down of certain businesses and product lines, including Dixie Chopper® and Boxer®, as previously announced, and resulted in $33.3 million of net pre-tax charges in the quarter.

- Net sales were $403.1 million, down 4.0% compared to the third quarter of 2025.

- Net income was $2.0 million and adjusted net income was $24.9 million.

- Diluted EPS was $0.17 and adjusted diluted EPS was $2.06.

- Adjusted EBITDA of $52.4 million was 13.0% of net sales.

- On September 30, 2026, cash was $230.7 million and total debt was $232.3 million.

- Net cash provided by operating activities in the last twelve months ("LTM") was $158.3 million or 204% of Net Income for the same LTM period.

Robert Hureau, Alamo Group's President and Chief Executive Officer, commented, "A key focus of our strategy is to continue strengthening the quality of our portfolio and improving the margin profile of our businesses. We have taken two important steps to advance that strategy: completing our planned portfolio optimization activities, particularly within our Vegetation Management Division, and acquiring Econ, further enhancing our Industrial portfolio of market-leading vocational truck brands and products. These actions sharpen our strategic focus and position Alamo Group for improved profitability and long-term value creation."

Third Quarter Results

Net sales for the third quarter of 2026 were $403.1 million, a decrease of 4.0% compared to $420.0 million for the third quarter of 2025. Net income was $2.0 million, or $0.17 per diluted share, compared to $25.4 million, or $2.10 per diluted share, for the third quarter of 2025.

The Company also reported adjusted net income of $24.9 million, or $2.06 per diluted share, for the third quarter of 2026 compared to adjusted net income of $28.2 million, or $2.34 per diluted share for the third quarter of 2025. Adjusted EBITDA for the third quarter of 2026 was $52.4 million, or 13.0% of net sales, compared to $55.0 million, or 13.1% of net sales, for the third quarter of 2025.

The third-quarter results included $33.3 million of net pre-tax charges associated with the sale and wind-down of several businesses and product lines, including Dixie Chopper® and Boxer®. The charges included inventory valuation adjustments, impairment of intangible and other long-lived assets, and other wind-down-related costs. $7.3 million was recorded as a reduction in sales, $15.5 million was recorded in cost of sales, $9.0 million was recorded in selling, general and administrative expenses, and the remaining $1.5 million charge was recorded in other income and expense. The divestiture actions also resulted in certain discrete tax impacts that temporarily increased the Company's effective tax rate in the quarter, while the Company's underlying tax rate remained generally consistent with historical levels.

Gross profit for the third quarter 2026 was $76.1 million compared to gross profit of $101.7 million in the third quarter of 2025. Adjusted gross profit was $99.8 million, or 24.7% of net sales, compared to $102.2 million, or 24.3% of net sales, in the third quarter of 2025.

Selling, general and administrative expenses were $67.6 million compared to $59.9 million in the third quarter of 2025. Adjusted selling, general and administrative expenses were $56.0 million or 13.9% of net sales in the third quarter of 2026, compared to $56.6 million or 13.5% of net sales in the third quarter of 2025.

Amortization expense was $5.1 million compared to $4.2 million in the third quarter of 2025, with the increase primarily attributable to the acquisition of Petersen Industries ("Petersen").

Industrial Equipment Division net sales were $232.8 million, a decrease of 5.8% compared to $247.0 million in the third quarter of 2025. Softer end-market conditions and the timing of orders earlier in the year were partially offset by the contribution from the Petersen acquisition. Excluding Petersen, Industrial Equipment Division net sales decreased approximately 12.6%. Adjusted EBITDA in the Industrial Equipment Division for the third quarter of 2026 was $31.1 million, or 13.4% of net sales, compared to $38.2 million, or 15.5% of net sales in the third quarter of 2025. The year-over-year decline in adjusted EBITDA margin reflected material and freight inflation as well as the impact of lower sales on the Division's fixed costs.

Vegetation Management Division net sales were $170.4 million, a decrease of 1.5% compared to $173.1 million in the third quarter of 2025. The quarter included a $7.3 million reduction in sales related to the divestitures. Excluding that item, the Division's sales increased 2.7%, primarily reflecting improved manufacturing throughput in several businesses. Adjusted EBITDA in the Vegetation Management Division was $21.3 million, or 12.5% of net sales, compared to $16.8 million, or 9.7% of net sales, in the third quarter of 2025. The year-over-year increase in adjusted EBITDA margin reflected improved performance in several of our businesses.

Mr. Hureau commented, "I am pleased with the continued, steady improvement in our Vegetation Management Division as our leadership team executes well against its operational priorities and drives meaningful progress toward our long-term objective of restoring the Division's operating margins to healthy levels. We remain focused on the factors within our control and confident in the progress our teams are making to strengthen performance and drive long-term profitability. Our Industrial Equipment Division experienced margin pressure during the quarter from elevated material and freight costs. We have taken decisive pricing actions to address these higher costs, although the timing of those actions lagged inflation during the quarter. Importantly, while revenue declined from the prior year, order intake strengthened during the third quarter, with particularly encouraging activity in vacuum trucks and sweepers, reinforcing our confidence in the underlying strength of the business."

Backlog at September 30, 2026 was $521.3 million compared to $618.3 million at September 30, 2025. Industrial Equipment backlog was $350.4 million compared to $438.1 million in the prior year, while Vegetation Management backlog was $170.9 million compared to $180.2 million. While backlog moderated from prior-year levels, order activity remained solid during the third quarter, and current backlog levels support appropriate customer lead times.

Year-to-Date Results

For the first nine months of 2026, net sales increased 3.3% to $1.3 billion compared to $1.2 billion in the prior-year period. Adjusted EBITDA increased 2.0% to $175.6 million, or 13.8% of net sales, compared to $172.1 million, or 14.0% of net sales, in the first nine months of 2025. Industrial Equipment Division net sales increased 4.4% to $746.1 million, while Vegetation Management Division net sales increased 1.9% to $524.9 million.

For the first nine months of 2026, diluted EPS was $5.14 compared to $7.31 for the same period in 2025. Adjusted diluted EPS was $7.43 compared to $7.67 in the prior-year period.

Net cash provided by operating activities was $83.2 million for the first nine months of 2026 and capital expenditures were $16.1 million. At September 30, 2026, cash and cash equivalents were $230.7 million and total debt was $232.3 million, resulting in debt net of cash of approximately $1.7 million. Available borrowings under the revolving credit facility were $363.6 million.

Alamo Group Inc. acquires Econ Engineering

Subsequent to quarter end, on October 27, 2026, the Company acquired 100% of the outstanding equity of Econ Engineering Group Limited ("Econ"). The acquisition expands Alamo Group's Industrial Equipment portfolio and adds a complementary business with opportunities for continued growth. Econ's leading market position, differentiated products, strong customer service capabilities, attractive financial profile, and resilient end-markets fit well with the existing portfolio of industrial businesses. The Company used borrowings under its revolving credit facility to fund the acquisition. Following the acquisition, management believes that the Company's remaining liquidity, together with cash flows from operations, remains sufficient to meet its anticipated operating and capital requirements.

Mr. Hureau added, "We are excited to welcome Econ, its employees and customers, to Alamo Group. This acquisition aligns well with our long-term strategic priorities and disciplined M&A criteria, and we believe it will create meaningful long-term value for our shareholders. Supported by the strong cash flow generation of our businesses, this transaction demonstrates our commitment to disciplined capital allocation and executing strategic investments that support long-term profitable growth. We look forward to discussing details during the earnings call."

Earnings Conference Call

The Company will host a conference call to discuss the results on Tuesday, November 3, 2026, at 10:00 a.m. ET. Hosting the call will be members of senior management.

HAUPPAUGE, N.Y., Nov. 2, 2026 /PRNewswire/ -- SightMD is pleased to announce that Brittany M. Perzia, MD, has joined the New York practice and is now seeing patients at its Yonkers location. Dr. Perzia specializes in Cornea & External Disease and Comprehensive Ophthalmology, expanding SightMD's commitment to providing advanced, patient-centered eye care throughout the Westchester community.

Dr. Perzia completed her ophthalmology residency at Yale University School of Medicine after earning her Doctor of Medicine degree from the Renaissance School of Medicine at SUNY Stony Brook. She received her undergraduate degree from Boston College, where she graduated as Valedictorian. Throughout her training, Dr. Perzia distinguished herself through academic excellence, earning the Yale Academic Excellence Award and induction into both the Alpha Omega Alpha Honor Society and the Gold Humanism Honor Society.

Dr. Perzia provides comprehensive medical and surgical eye care, with clinical interests that include corneal disease, ocular surface disorders, complex anterior segment conditions, cataracts, and comprehensive ophthalmology. She is committed to delivering personalized, evidence-based care while helping patients preserve and restore their vision.

"Dr. Perzia's outstanding clinical training, dedication to research, and compassionate approach to patient care make her an exceptional addition to our team," said Brad Kligman, MD, Chief Medical Officer of SightMD. "Her expertise in cornea and external disease further strengthens our ability to provide comprehensive, subspecialty eye care to patients throughout Westchester."

In addition to her clinical expertise, Dr. Perzia has authored numerous peer-reviewed publications and presented research at national and international ophthalmology meetings. Her scholarly work has focused on corneal disease, ocular oncology, infectious eye disease, and anterior segment disorders, reflecting her commitment to advancing the field of ophthalmology through research and education.

"I am excited to join the talented team at SightMD and begin caring for patients in the Westchester community," said Dr. Perzia. "I look forward to building lasting relationships with my patients and providing compassionate, individualized care using the latest advances in ophthalmology."

Patients can schedule an appointment with Dr. Perzia at SightMD's Yonkers office by calling 855.295.4144 or visiting www.SightMD.com.

SightMD New York is actively seeking ophthalmology professionals who are interested in joining its outstanding team. If you are an ophthalmology practice owner interested in merging or selling your practice, please contact the Chief Medical Officer, Brad Kligman, MD, at [email protected].

About SightMD New York

SightMD is a rapidly-growing integrated ophthalmic group, offering patients access to over 100 doctors through the convenience of 38 locations across New York. SightMD's track record of providing clinically-excellent care spans over 50 years, and its services include LASIK laser vision correction, laser cataract surgery and lens implantation, oculoplastic surgery, general eye exams, glaucoma management, retinal disorder treatment, corneal services, neuro-ophthalmology, pediatric ophthalmology, and audiology. Sight Growth Partners is the administrative services provider for SightMD as well as SightMD Connecticut, SightMD Massachusetts, SightMD New Jersey, and SightMD Pennsylvania. For more information about SightMD, please visit sightmd.com

SOURCE SightMD

Share this article

BioArctic collaborator Novartis terminates agreement

News provided by

BioArctic

Nov 02, 2026, 16:36 ET

STOCKHOLM, Nov. 2, 2026 /PRNewswire/ -- BioArctic AB (publ) (Nasdaq Stockholm: BIOA B) today announced that Novartis Pharma AG has notified BioArctic that it has decided to terminate the Option, Collaboration and License Agreement entered into in August 2025 to explore a potential new treatment combining BioArctic's proprietary BrainTransporter⢠technology with an undisclosed Novartis proprietary antibody.

The termination is the result of a Novartis decision to discontinue the program, unrelated to BioArctic's BrainTransporter technology.

BioArctic will retain the full USD 30 million upfront payment and, as a result of the termination, will recognize the remaining unrecognized portion as revenue in 2026.

BioArctic's BrainTransporter technology facilitates the passage of drugs into the brain using the transferrin receptor (TfR). It can be used in a multitude of different therapy areas for delivery of biologics and other modalities to the brain. To date, BioArctic has entered into five collaboration agreements with partners using the BrainTransporter technology.

---

This is information that BioArctic AB (publ) is obliged to disclose pursuant to the EU Market Abuse Regulation. The information was released for public disclosure, through the agency of the contact person below, on November 2, 2026, at 9:30 pm CET.

For further information, please contact: 

Oskar Bosson, Chief Investor Relations & Communications Officer

E-mail: [email protected]

Telephone: +46 704 107 180

Jenny Ljunggren, External Communications and Investor Relations Manager

E-mail: [email protected]

Telephone: +46 76 013 86 08

About the BrainTransporter⢠technology

BioArctic's BrainTransporter technology is a technology for facilitating the passage of drugs into the brain using the transferrin receptor (TfR). Active transport of medicines across the blood-brain barrier can result in broader brain distribution enabling better efficacy, improved safety profile and dosing convenience. The technology is being applied to several in-house drug projects, as well as external collaborations, and could become part of future collaborations with other pharma companies.

About BioArctic AB

BioArctic AB (publ) is a Swedish research-based biopharma company focusing on innovative treatments that can delay or stop the progression of neurodegenerative diseases. The company invented Leqembi® (lecanemab) â the world's first drug proven to slow the progression of the disease and reduce cognitive impairment in early Alzheimer's disease. Leqembi has been developed together with BioArctic's partner Eisai, who are responsible for regulatory interactions and commercialization globally. In addition to Leqembi, BioArctic has a broad research portfolio with antibodies against Parkinson's disease and ALS as well as additional projects against Alzheimer's disease. Several of the projects utilize the company's proprietary BrainTransporter⢠technology, which has the potential to actively transport therapies across the blood-brain barrier to enhance the efficacy of the treatment. BioArctic's B share (BIOA B) is listed on Nasdaq Stockholm Large Cap. For further information, please visit www.bioarctic.com.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/bioarctic/r/bioarctic-collaborator-novartis-terminates-agreement,c4418873

The following files are available for download:

BUENOS AIRES, Argentina, Nov. 2, 2026 /PRNewswire/ -- Pampa EnergÃa S.A. (NYSE: PAM; Buenos Aires Stock Exchange: PAMP), an independent energy company with active participation in Argentine oil, gas and electricity, announces the results for the nine-month period and quarter ended on September 30, 2026.

Pampa reports its financial information in US$, its functional currency. For local currency equivalents, transactional exchange rate ('FX') is applied. However, Transener and Transportadora de Gas del Sur's ('TGS') figures are adjusted for inflation as of September 30, 2026, and converted to US$ using the period-end FX. Previously reported figures remained unchanged.

Third quarter 2026 ('Q3 26') main results1

Sales reached US$790 million in Q3 262, up 34% year-on-year, mainly driven by the normalization of the Wholesale Electricity Market's ('WEM'), which supported higher spot energy prices and B2B ('Business to Business') sales, increased gas sales to our CCGTs ('Combined Cycles'), growing crude oil sales and stronger Reformer prices. These effects were partially offset by lower gas deliveries under Plan Gas GSA ('Gas Sale Agreement') and to industrial customers, as well as the impact of crude oil hedges

Thermal power generation margins stood out during Q3 26, supported by their efficiency and vertical integration with our gas upstream business.

Note: * Realized price, net of hedge, export duty and quality/logistic discounts.

Adjusted EBITDA totaled US$398 million, up 23% year-on-year, reflecting higher thermal generation margins in the spot and B2B markets, together with the benefits of vertical integration between gas production and thermal power generation, offset by the impact on crude oil hedges.

Net income attributable to shareholders reached US$129 million, 6 times Q3 25, mainly driven by lower deferred income tax expense and improved operating margins, partially offset by lower FX gains.

Net debt stood at US$1.731 billion as of September 2026, vs. US$1.319 billion as of June 2026, reflecting higher capital expenditures, mainly at FEPASA ('Fértil Pampa S.A.U.'), equity contributions to affiliates under development, prepayments related to the GPM expansion, and collateral posted for crude oil hedging, partially offset by operating cash flow generation and dividends received from Transener.

Consolidated balance sheet

(As of September 30, 2026 and December 31, 2025, in US$ million) 

Consolidated income statement

(For the nine-month periods and quarters ended on September 30, 2026 and 2025, in US$ million)

Consolidated cash flow statement 

(For the nine-month periods and quarters ended on September 30, 2026 and 2025, in millions)

For the full version of the Earnings Report, please visit Pampa's Investor Relations website: ri.pampa.com/en.

Information about the videoconference

There will be a videoconference to discuss Pampa's Q3 26 results on Tuesday, November 3, 2026, at 10:00 a.m. Eastern Standard Time/12:00 p.m. Buenos Aires Time. The hosts will be Gustavo Mariani, CEO, Horacio Turri, EVP and head of oil and gas, Adolfo Zuberbühler, CFO and Lida Wang, IR & ESG Officer at Pampa.

For those interested in participating, please register here.

For further information about Pampa:

1 The information is based on financial statements ('FS') prepared according to International Financial Reporting Standards ('IFRS') in force in Argentina.

2 Sales from the affiliates CTBSA, Transener and TGS are excluded, shown as 'Results for participation in joint businesses and associates.'

SOURCE Pampa Energia S.A.

Share this article

Highest Third Quarter Revenue in a Decade

SPRING, Texas, Nov. 2, 2026 /PRNewswire/ -- TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE: TTI) announced financial results for the three and nine months ended September 30, 2026.

Third-Quarter 2026 Financial Highlights

- Revenues of $168.0 million, highest third quarter in ten years

- Net Income of $6.8 million, inclusive of $2.0 million of unusual charges

- Adjusted EBITDA of $25.1 million

- Net income per share of $0.05, adjusted net income per share of $0.06

Brady Murphy, TETRA's President and Chief Executive Officer, stated, "Third-quarter revenue of $168.0 million was up 10% year over year and represented our highest third-quarter revenue in the past ten years. International revenue reached $68.8 million, or 41% of consolidated revenue, marking the strongest third quarter in 10 years. Adjusted EBITDA of $25.1 million was our second-highest third-quarter in the past ten years.

"Our third quarter results demonstrated broad-based strength across our portfolio, with multiple businesses achieving significant performance milestones. Record-level revenue was supported by continued growth in international markets, accelerated growth in industrial chemical sales, and continued strength and outlook for deepwater markets. Industrial Chemicals generated its strongest third-quarter revenue in a decade, with 32% year-over-year growth, and accounted for more than 50% of our Completion Fluids and Products' third-quarter revenue. This growth is supported by an expanding U.S. industrial market, including semiconductor manufacturing and by demand for electrolytes for energy storage. Our Water and Flowback segment experienced year-over-year revenue growth of 21% and an Adjusted EBITDA margin increase of 480 basis points to 16.7%. This growth was the result of our production testing operations delivering a ten-year high for third-quarter revenue and Adjusted EBITDA for the segment. Production testing grew 9% quarter-over-quarter, driven largely by automated TETRA SandStorm market share gains in the U.S., and grew 60% year-over year, driven by international."

"Supporting our long-term growth and margin expansion for deepwater fluids and industrial chemicals is our Arkansas bromine plant, which continues to advance on schedule and on budget. We are now less than 12 months away from the plant being mechanically complete. Importantly, all major mechanical equipment has been engineered and is either delivered or under confirmed purchase order for future delivery, with total costs below our Board approved final investment decision (FID). Our team has done an exceptional job managing inflationary pressures while keeping the project on its original schedule and within approved capital spending levels. We remain on track to commence production at an annualized rate of 37 million pounds at the beginning of 2028 and ramp to the facility's 75-million-pound annual capacity by 2030, consistent with our ONE TETRA 2030 strategy."

"We continue to be encouraged by the quality and breadth of customer engagement with our patented TETRA Oasis Total Desalination Solution ("TETRA Oasis"), We currently have seven projects in our pipeline, including four tied to data centers or their power requirements. The combination of increasing produced water disposal constraints in the Permian Basin and substantial water requirements from data center development has created a significantly larger opportunity than we initially envisioned. We believe TETRA Oasis is uniquely positioned to help address both challenges by converting produced water from a disposal liability into a valuable resource. Permitting remains the primary next step toward commercialization, with six beneficial reuse applications currently pending before the Texas Commission on Environmental Quality (TCEQ). TETRA's customers are the permittees and we continue to engage with both the TCEQ and the Environmental Protection Agency (EPA), providing in-depth answers to their queries, including results from water quality tests."

"Looking forward to the fourth quarter and 2027, the outlook for our base business remains strong. Deepwater and International activity looks robust as does a return to more completion activity in the Gulf of America. International growth for Production Testing is expected to continue with our first automated TETRA SandStorm technology deployments to the Middle East which have supported our exceptional growth in Argentina. For the fourth quarter of 2026, we expect consolidated revenue and Adjusted EBITDA to be up double digits year-on-year and for full year 2027 we expect revenue and Adjusted EBITDA to increase relative to 2026. As our customer spending plans get announced in the fourth quarter we will further update our outlook accordingly."

Third-Quarter Financial Highlights

Completion Fluids & Products

Completion Fluids & Products delivered its highest third-quarter revenue in ten years driven by strength in Eastern Hemisphere completion fluids, long-duration energy storage electrolyte sales, and U.S. industrial chemicals. Industrial Chemicals also posted its highest third-quarter revenue in ten years. Adjusted EBITDA margin was 22.1% impacted by product mix, lower deepwater activity in the Gulf of America, and higher diesel and associated freight costs.

Water & Flowback Services

Water & Flowback Services revenue and Adjusted EBITDA increased 21% and 69%, respectively, from the prior-year period. Argentina revenue more than doubled driven by the ramp of early production facilities ("EPFs") and strong utilization of our patented automated TETRA SandStorm technology in the Vaca Muerta basin.

Capital Structure

In early October 2026, we amended our $190 million Term Credit Agreement, extending the maturity from January 12, 2030 to December 31, 2030, reducing the interest rate margin by 75 basis points to SOFR plus 5.00%, and deferring approximately $19 million of scheduled principal amortization payments to 2030. With lower borrowing costs, and an extended maturity runway, the amendment enhances TETRA's financial flexibility to fund the Arkansas bromine project and support its strategic growth initiatives.

Conference Call

TETRA will host a conference call to discuss these results on November 3, 2026, at 10:00 a.m. ET. Please visit the Events & Presentations section of the TETRA Technologies website to pre-register and obtain your dial in number and passcode. A replay will be available for thirty days following the conference call.

Company Overview

TETRA Technologies, Inc. is an energy services and solutions company focused on developing environmentally conscious services and solutions that help make people's lives better. With operations on six continents, the Company's portfolio consists of Energy Services, Industrial Chemicals, and Critical Minerals. In addition to providing products and services to the oil and gas industry and calcium chloride for diverse applications, TETRA is expanding into the low-carbon energy market with chemistry expertise, key mineral acreage, and global infrastructure, helping to meet the demand for sustainable energy in the twenty-first century. Visit the Company's website at www.onetetra.com for more information or connect with us on LinkedIn.

Investor Relations

Kurt Hallead

Treasurer and Investor Relations

[email protected]

Media Relations

Giselle Piller

Senior Director of Global Marketing & Communications

[email protected] 

Financial Statements, Schedules and Non-GAAP Reconciliation Schedules (Unaudited)

Schedule A:  Consolidated Income Statement

Schedule B:  Condensed Consolidated Balance Sheet

Schedule C:  Consolidated Statements of Cash Flows

Schedule D:   Non-GAAP Reconciliation of Adjusted Net Income

Schedule E:  Non-GAAP Reconciliation of Adjusted EBIT and Adjusted EBITDA

Non-GAAP Financial Measures

In addition to financial results determined in accordance with U.S. GAAP, this press release includes the following non-GAAP financial measures for the Company: Adjusted net income, Adjusted net income per share, consolidated and segment Adjusted EBIT and Adjusted EBITDA and segment Adjusted EBITDA as a percent of revenue ("Adjusted EBITDA margin"). Schedules D and E provide reconciliations of these non-GAAP financial measures to their most directly comparable U.S. GAAP measures. Such non-GAAP measures adjust for unusual credits, which are further explained in this press release. The non-GAAP financial measures should be considered in addition to, not as a substitute for, financial measures prepared in accordance with U.S. GAAP, as more fully discussed in the Company's financial statements and filings with the Securities and Exchange Commission.

During the preparation of the financial statements for the period ended March 31, 2026, we identified an immaterial error which understated the current portion of long-term debt and overstated long-term debt by $4.8 million as of December 31, 2025. Balances as of December 31, 2025 have been revised to reflect $4.8 million of long-term debt as current, with an offsetting reduction in long-term debt.

Adjusted net income is defined as the Company's income (loss) before noncontrolling interests and discontinued operations, excluding unusual tax provision, unusual foreign exchange losses, and certain special or other charges (or credits), and including noncontrolling interest attributable to continued operations. Adjusted net income is used by management as a supplemental financial measure to assess financial performance, without regard to charges or credits that are considered by management to be outside of its normal operations.

Adjusted net income per share is defined as the Company's diluted net income per share attributable to TETRA stockholders excluding certain special or other charges (or credits).