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Ryman Hospitality Properties, Inc. to Acquire Grande Lakes Orlando Resort for $1.38 Billion

NASHVILLE, Tenn., Aug. 10, 2026 (GLOBE NEWSWIRE) — Ryman Hospitality Properties, Inc. (NYSE: RHP) (the “Company”), a lodging real estate investment trust (“REIT”) specializing in group-oriented, upscale convention center resorts and entertainment experiences, today announced a definitive agreement under which the Company will purchase the fee simple interest in Grande Lakes Orlando Resort (“Grande Lakes” or the “Property”) in Orlando, Florida, for $1.38 billion from Trinity Investments. The 409-acre complex includes two hotels, a 1,010-room JW Marriott and a 582-room Ritz-Carlton, and a Greg Norman-designed 18-hole championship golf course. The Company plans for the Property to continue to be operated by Marriott International under the JW Marriott and Ritz-Carlton brands. The purchase price represents a 12.5x Adjusted EBITDAre multiple on the Property’s trailing-twelve-month results through June 30, 2026.1 The Company expects the acquisition of Grande Lakes to be accretive to adjusted funds from operations (“Adjusted FFO”) per diluted share for 2027.

Mark Fioravanti, President and Chief Executive Officer of the Company, said, “Grande Lakes is a terrific asset and one that fits all of our ownership criteria. The transaction strengthens our JW Marriott and Gaylord Hotels customer rotation strategies, expands our presence in the nation’s top meetings market and creates the opportunity for meaningful portfolio synergies. Building on the success of our growing JW Marriott platform, Grande Lakes establishes a nationwide rotational network for the JW Marriott brand within our hotel portfolio. Grande Lakes also introduces Ritz-Carlton as a new luxury brand within our portfolio, providing access to a high-value customer segment and unique customer insights that can further strengthen our platform and support long-term value creation across the portfolio.”

Grande Lakes Orlando Resort is one of the largest resorts in the greater Orlando area and features 1,592 guest rooms and approximately 320,000 square feet of versatile indoor and outdoor meeting and event space. Guests can enjoy an array of world-class amenities, including the 40,000-square-foot Ritz-Carlton spa & fitness center; 14 food and beverage outlets; the Grande Lakes Waterpark featuring water slides, a lazy river, and the AquaVenture aqua course; and a Greg Norman-designed 18-hole golf course at The Ritz-Carlton Golf & Tennis Club, home of the PNC Championship. The Property has recently benefitted from approximately $150 million in capital investments, encompassing all guestrooms, meeting space and core public areas across both hotels.

Orlando has consistently ranked as the top meetings destination in North America by Cvent and benefits from strong year-round leisure demand drivers. Orlando International Airport is the 7th busiest in the U.S. by total passenger volume.

The Company expects to close the Grande Lakes transaction in the third quarter of 2026, subject to customary closing conditions.

BofA Securities and J.P. Morgan acted as financial advisors to Ryman Hospitality Properties, Inc., and Bass, Berry & Sims PLC and Greenberg Traurig, LLP acted as legal advisors. 

1 Adjusted EBITDAre is a non-GAAP financial measure. Refer to “Grande Lakes Adjusted EBITDAre” later in this press release for an explanation of this non-GAAP measure and a reconciliation to its most directly comparable GAAP measure.

Investor Presentation

The Company has made available an investor presentation containing supplemental information related to this transaction. The presentation can be found on the Investor Relations section of the Company’s website under Events & Presentations.

About Ryman Hospitality Properties, Inc.

Ryman Hospitality Properties, Inc. (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in group-oriented, upscale convention center resorts and entertainment experiences. The Company’s holdings include Gaylord Opryland Resort & Convention Center; Gaylord Palms Resort & Convention Center; Gaylord Texan Resort & Convention Center; Gaylord National Resort & Convention Center; and Gaylord Rockies Resort & Convention Center, five of the top seven largest non-gaming convention center hotels in the United States based on total indoor meeting space. The Company also owns JW Marriott Phoenix Desert Ridge Resort & Spa and JW Marriott San Antonio Hill Country Resort & Spa as well as two ancillary hotels adjacent to the Company’s Gaylord Hotels properties. The Company’s hotel portfolio is managed by Marriott International and includes a combined total of 12,364 rooms as well as more than 3 million square feet of total indoor and outdoor meeting space in top convention and leisure destinations across the country. RHP also owns an approximate 70% controlling ownership interest in Opry Entertainment Group (OEG), which is composed of entities owning a growing collection of iconic and emerging country music brands, including the Grand Ole Opry; Ryman Auditorium; WSM 650 AM; Ole Red; Category 10; Nashville-area attractions; and Block 21, a mixed-use entertainment, lodging, office and retail complex, including the W Austin Hotel and the ACL Live at the Moody Theater, located in downtown Austin, Texas. OEG manages select outdoor live music venues, including Ascend Federal Credit Union Amphitheater in Nashville and CCNB Amphitheatre in Simpsonville, South Carolina. OEG also owns a majority interest in Southern Entertainment, a leading festival and events business. RHP operates OEG as its Entertainment segment in a taxable REIT subsidiary, and its results are consolidated in the Company’s financial results.

Cautionary Note Regarding Forward-Looking Statements

This press release contains statements as to the Company’s beliefs and expectations of the outcome of future events that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. You can identify these statements by the fact that they do not relate strictly to historical or current facts. Examples of these statements include, but are not limited to, statements regarding the pending Grande Lakes transaction and the Company’s expectations for Grande Lakes upon the closing of the transaction. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the statements made. These risks and uncertainties include the risks and uncertainties associated with the pending Grande Lakes transaction, including, but not limited to, the occurrence of any event, change or other circumstance that could delay the closing of the Grande Lakes transaction, or result in the termination of the agreement for the Grande Lakes transaction; adverse effects on Company’s common stock because of the failure to complete the Grande Lakes transaction; the Company’s ability to borrow funds pursuant to its credit agreements and to refinance indebtedness and/or to successfully amend the agreements governing its indebtedness in the future; and changes in interest rates. Other factors that could cause operating and financial results to differ are described in the filings made from time to time by the Company with the U.S. Securities and Exchange Commission (SEC) and include the risk factors and other risks and uncertainties described in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, the Company’s Quarterly Reports on Form 10-Q for the quarterly periods ended March 31, 2026 and June 30, 2026, and subsequent filings. Except as required by law, the Company does not undertake any obligation to release publicly any revisions to forward-looking statements made by it to reflect events or circumstances occurring after the date hereof or the occurrence of unanticipated events.

   
Investor Relations Contacts:

Mark Fioravanti, President and Chief Executive Officer
(615) 316-6588
[email protected]

Jennifer Hutcheson, Chief Financial Officer
(615) 316-6320
[email protected]

Sarah Martin, Vice President, Investor Relations
(615) 316-6011
[email protected]

 Media Contact:

Shannon Sullivan, Vice President, Corporate and Brand Communications
(615) 316-6725
[email protected]
   

Grande Lakes Adjusted EBITDA

re

Adjusted EBITDAre is calculated and presented by the Company based on unaudited information provided to the Company from the seller or an affiliate of the seller. Adjusted EBITDAre, a non-GAAP financial measure, is calculated as Net Income calculated in accordance with GAAP plus interest expense, depreciation and amortization and non-operating items related to ownership structure. Below is a reconciliation of Adjusted EBITDAre to Net Income, its most directly comparable GAAP figure. The Company used Adjusted EBITDAre to evaluate the operating performance of the property and to price the acquisition.

       
        12 Months Ended
      June 30,
(in thousands)     2026
Net Income   $ 10,414
Interest expense, net     57,754
Depreciation expense     39,844
Non-Operating Items Related to Ownership Structure     1,993
Adjusted EBITDA

re
 		  $ 110,005
       



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Natuzzi Signs Commitment Letter With a Candidate for Chief Executive Officer Role

Natuzzi Signs Commitment Letter With a Candidate for Chief Executive Officer Role

SANTERAMO IN COLLE, Bari, Italy–(BUSINESS WIRE)–
Natuzzi S.p.A. (NYSE: NTZ) (“Natuzzi” or the “Company”), one of the most renowned brands in the production and distribution of design and luxury furniture, announces that it has signed a commitment letter with a candidate for the role of Chief Executive Officer.

Based on the candidate’s extensive international experience, the Company believes that his profile will provide valuable support to Natuzzi’s ongoing restructuring process and long-term strategic development.

The Company will inform the market in a timely manner of any further material developments, in accordance with applicable regulations.

____________________________________________________________________________________

About Natuzzi S.p.A.

Founded in 1959 by Pasquale Natuzzi, Natuzzi S.p.A. is one of the most renowned brands in the production and distribution of design and luxury furniture. As of March 31, 2026, Natuzzi distributes its collections worldwide through a global retail network of 552 monobrand stores, in addition to Natuzzi galleries and curated placements within larger, multi-brand environments. Natuzzi products embed the finest spirit of Italian design and the unique craftsmanship details of the “Made in Italy”, where a predominant part of its production takes place. Natuzzi has been listed on the New York Stock Exchange since May 13, 1993. Committed to social responsibility and environmental sustainability, Natuzzi S.p.A. is ISO 9001 and 14001 certified (Quality and Environment), ISO 45001 certified (Safety on the Workplace) and FSC® Chain of Custody, CoC (FSC-C131540).

Natuzzi Investor Relations

Piero Direnzo | [email protected]

Natuzzi Corporate Communication

Giancarlo Renna (Communication Manager) | tel. +39.342.3412261 | [email protected]

Barbara Colapinto | tel. +39.331.6654275 | [email protected]

KEYWORDS: Italy Europe

INDUSTRY KEYWORDS: Interior Design Retail Luxury Home Goods Manufacturing Construction & Property Other Manufacturing

MEDIA:

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InTest Reports Strong Second Quarter 2026 Revenue of $35.3 Million, EPS of $0.04, and Adjusted EPS (Non-GAAP) of $0.09

InTest Reports Strong Second Quarter 2026 Revenue of $35.3 Million, EPS of $0.04, and Adjusted EPS (Non-GAAP) of $0.09

  • Second quarter revenue up 25.5% year-over-year, driven largely by strength in the Auto/EV market
  • Backlog1 of $45.4 million increased 19.8% year-over-year
  • Net earnings of $0.5 million, up 194.2%year-over-year, Adjusted EBITDA (Non-GAAP)2 of $2.2 million, up 73.7% year-over-year
  • Revising first quarter ending inventory, cost of revenue, gross profit, gross margin, income tax expense, net earnings and EPS as previously announced
  • Reiterates full-year 2026 Revenue Outlook of $135 million to $140 million

MT. LAUREL, N.J.–(BUSINESS WIRE)–
InTest Corporation (NYSE American: INTT), a global supplier of innovative test and process technology solutions for use in manufacturing and testing in key target markets which include semiconductor (“Semi”), Auto/EV, Defense/Aerospace, Industrial, Life Sciences, and Safety/Security, today announced financial results for the second quarter of 2026 ended June 30, 2026.

“We delivered second-quarter revenue of $35.3 million, up 25.5% year-over-year, our third consecutive quarter of sequential growth and our second straight quarter of year-over-year growth above 25%,” stated Rich Rogoff, President and CEO. “Strong Auto/EV project delivery and the diversification we have built across our end markets powered the result, with non-semiconductor markets contributing approximately 74% of revenue that drove an approximate 74% increase in Adjusted EBITDA2 year-over-year. This is the diversified growth profile we are building for InTest.

“Our leading indicators point to a strengthening second half,” continued Mr. Rogoff. “Semiconductor orders were the standout and have increased approximately 56% sequentially and approximately 64% year-over-year, making the second quarter our strongest Semi order intake in six quarters as the demand we have been building into our funnel has started to convert into orders. With backlog of $45.4 million, up 19.8% year-over-year, expanding Defense/Aerospace opportunities tied to higher U.S. Department of Defense spending, and healthy Auto/EV activity supported by rising electronic content, we entered the third quarter with momentum across our divisions.”

Second Quarter 2026 Review (see revenue by market and by segments in accompanying tables)

 

Three Months Ended

($ in thousands except percentages and per share data)

June 30,

 

June 30,

 

Change

 

March 31,

 

Change

 

2026

 

 

 

2025

 

 

$

 

%

 

2026†

 

$

 

%

Revenue

$

35,313

 

 

$

28,130

 

 

$

7,183

 

25.5

%

 

$

33,886

 

 

$

1,427

 

 

4.2

%

Gross profit

$

14,298

 

 

$

11,973

 

 

$

2,325

 

19.4

%

 

$

14,658

 

 

$

(360

)

 

(2.5

%)

Gross margin

 

40.5

%

 

 

42.6

%

 

 

 

 

 

 

43.3

%

 

 

 

 

Operating expenses (including intangible amortization & restructuring)

$

13,935

 

 

$

12,900

 

 

$

1,035

 

8.0

%

 

$

14,454

 

 

$

(519

)

 

(3.6

%)

Operating income (loss)

$

363

 

 

$

(927

)

 

$

1,290

 

139.2

%

 

$

204

 

 

$

159

 

 

77.9

%

Operating margin

 

1.0

%

 

 

(3.3

%)

 

 

 

 

 

 

0.6

%

 

 

 

 

Net earnings (loss)

$

474

 

 

$

(503

)

 

$

977

 

194.2

%

 

$

183

 

 

$

291

 

 

159.0

%

Net margin

 

1.3

%

 

 

(1.8

%)

 

 

 

 

 

 

0.5

%

 

 

 

 

Earnings (loss) per diluted share (“EPS”)

$

0.04

 

 

$

(0.04

)

 

$

0.08

 

200.0

%

 

$

0.01

 

 

$

0.03

 

 

300.0

%

Adjusted net earnings (Non-GAAP)2

$

1,091

 

 

$

417

 

 

$

674

 

161.6

%

 

$

1,412

 

 

$

(321

)

 

(22.7

%)

Adjusted EPS (Non-GAAP)2

$

0.09

 

 

$

0.03

 

 

$

0.06

 

200.0

%

 

$

0.11

 

 

$

(0.02

)

 

(18.2

%)

Adjusted EBITDA (Non-GAAP)2

$

2,192

 

 

$

1,262

 

 

$

930

 

73.7

%

 

$

2,415

 

 

$

(223

)

 

(9.2

%)

Adjusted EBITDA margin (Non-GAAP)2

 

6.2

%

 

 

4.5

%

 

 

 

 

 

 

7.1

%

 

 

 

 

† March 31, 2026 as revised

Revenue for the second quarter increased $1.4 million over the first quarter of 2026, reflecting higher Auto/EV and Industrial revenue, partially offset by lower Defense/Aerospace, Life Sciences and Semi revenue. Compared to the prior-year period, second quarter revenue increased $7.2 million with growth primarily in Auto/EV, partially offset by decreases primarily in Semi.

Gross margin declined by 280 basis points sequentially to 40.5%, reflecting a shift in product mix toward higher-volume, lower-margin Auto/EV revenue. Compared to the prior-year period, gross margin declined 210 basis points reflecting the same shift in mix toward lower-margin Auto/EV revenue.

Operating expenses decreased $0.5 million sequentially due primarily to $0.7 million in non-recurring restructuring costs associated with our CEO transition in the first quarter of 2026 but increased $1.0 million year-over-year, due primarily to higher selling, general and administrative and engineering expense due primarily to higher payroll, payroll related costs and commissions.

Net earnings for the second quarter were $0.5 million, or $0.04 per diluted share. Adjusted net earnings (Non-GAAP)2 were $1.1 million, or $0.09 adjusted EPS (Non-GAAP)2.

Balance Sheet and Cash Flow Review

Cash and cash equivalents at the end of the second quarter of 2026 totaled $22.1 million, up $6.4 million from the end of the first quarter. During the quarter, we reduced our term debt by $1.0 million from March 31, 2026, and provided $6.3 million from operating activities to invest in working capital. Capital expenditures were $0.4 million in the second quarter of 2026.

At June 30, 2026, the Company had $30.0 million available under its delayed draw term loan facility and no borrowings under the $10.0 million revolving credit facility. On May 4, 2026, we amended the facility, effective as of April 30, 2026, to extend our ability to draw on the Term Note through August 28, 2026. At June 30, 2026, we were in compliance with all of the covenants included in the Loan Agreement.

Second Quarter 2026 Orders1 and Backlog1 (see Orders by Market in accompanying tables)

 

Three Months Ended

 

June 30,

 

June 30,

 

Change

 

March 31,

 

Change

($ in thousands except percentages)

 

2026

 

 

2025

 

$

 

%

 

 

2026

 

$

 

%

Orders

$

28,871

 

$

27,759

 

$

1,112

 

4.0

%

 

$

31,785

 

$

(2,914

)

 

(9.2

%)

Backlog (at quarter end)

$

45,373

 

$

37,861

 

$

7,512

 

19.8

%

 

$

51,815

 

$

(6,442

)

 

(12.4

%)

Second quarter orders of $28.9 million decreased sequentially with lower Auto/EV and Defense/Aerospace orders partially offset primarily by increases in Semi and Other. The year-over-year increase of $1.1 million reflects strength primarily in Semi and Defense/Aerospace partially offset primarily by the decline in Auto/EV and Life Sciences.

Backlog at June 30, 2026, was $45.4 million, a decrease of 12.4% from March 31, 2026, but an increase of 19.8% compared to June 30, 2025. Approximately 45% of the backlog is expected to ship beyond the third quarter of 2026.

Third Quarter 2026 and Raised Full Year 2026 Outlook

Mr. Rogoff concluded, “We are reiterating the full-year 2026 guidance we updated on July 31, which raised our revenue outlook to approximately 21% growth at the midpoint over 2025’s $113.8 million, and modestly reduced our gross margin expectation. This outlook reflects diversified demand supported by our backlog, along with improving order flow and product mix in the second half. Above all, our goal is to convert the commercial momentum we are seeing into steadier Adjusted EBITDA2 growth as we gain operating leverage and continue to scale the business. This is where our focus rests for the balance of the year.”

For the third quarter of 2026, InTest projects revenue to be $33.0 million to $35.0 million, with gross margin of approximately 44%, and operating expenses of $13.8 million to $14.2 million. Amortization expense is expected to be $0.5 million.

Reflecting its recently revised full-year 2026 financial guidance, the Company expects revenue of $135.0 million to $140.0 million; gross margin of approximately 43%; operating expenses of $55.0 million to $57.0 million; amortization expense of $2.6 million; interest expense of $0.3 million; an effective tax rate of approximately 18%; and capital expenditures estimated at approximately 1% to 2% of revenue.

The foregoing guidance is based on management’s current views with respect to operating and market conditions and customers’ forecasts. Actual results may differ materially from what is provided here today as a result of, among other things, the factors described under “Forward-Looking Statements” below.

Conference Call and Webcast

The Company will host a conference call and webcast today at 8:30 a.m. ET. During the conference call, management will review the financial and operating results and discuss InTest’s corporate strategy and outlook. A question-and-answer session will follow. To listen to the live call, dial (877) 407-0792 or (201) 689-8263. In addition, the webcast and slide presentation may be found at https://www.intest.com/investor-relations.

A telephonic replay will be available from 12:30 p.m. ET on the day of the call through Monday, August 24, 2026. To listen to the archived call, dial (844) 512-2921 or (412) 317-6671 and enter replay pin number 113760855. The webcast replay can be accessed via the investor relations section of https://www.intest.com/, where a transcript will also be posted once available.

About InTest Corporation

InTest Corporation is a global supplier of innovative test and process technology solutions for use in manufacturing and testing in key target markets including both the front-end and back-end of the semiconductor manufacturing industry (“Semi”), Automotive/EV, Defense/Aerospace, Industrial, Life Sciences and Safety/Security. Backed by decades of engineering expertise and a culture of operational excellence, InTest solves difficult thermal, mechanical, and electronic challenges for customers worldwide. InTest’s growth strategy leverages these strengths to grow organically and with acquisitions through the addition of innovative technologies, deeper and broader geographic reach, customer penetration and market expansion. For more information, visit https://www.intest.com/.

Non-GAAP Financial Measures

In addition to disclosing results that are determined in accordance with generally accepted accounting practices in the United States (“GAAP”), we also disclose non-GAAP financial measures. These non-GAAP financial measures consist of adjusted net earnings (loss), adjusted earnings (loss) per diluted share (“adjusted EPS”), adjusted EBITDA, and adjusted EBITDA margin.

The Company defines these non-GAAP measures as follows:

─ Adjusted net earnings (loss) is derived by adding acquired intangible amortization, restructuring costs, and the tax effect of the adjusting items, to net earnings (loss).

─ Adjusted earnings (loss) per diluted share is derived by dividing adjusted net earnings (loss) by diluted weighted average shares outstanding.

─ Adjusted EBITDA is derived by adding acquired intangible amortization, restructuring costs, net interest expense, income tax expense, depreciation, and stock-based compensation expense to net earnings.

─ Adjusted EBITDA margin is derived by dividing adjusted EBITDA by revenue.

These results are provided as a complement to the results provided in accordance with GAAP. Adjusted net earnings (loss) and adjusted earnings (loss) per diluted share (“adjusted EPS”) are non-GAAP financial measures presented to provide investors with meaningful, supplemental information regarding our baseline performance before acquired intangible amortization, and restructuring costs as management believes these expenses may not be indicative of our underlying operating performance. Adjusted EBITDA and adjusted EBITDA margin are non-GAAP financial measures presented primarily as a measure of liquidity as they exclude non-cash charges for acquired intangible amortization, depreciation and stock-based compensation. In addition, adjusted EBITDA and adjusted EBITDA margin also exclude the impact of restructuring costs, interest income or expense and income tax expense or benefit, as management believes these expenses may not be indicative of our underlying operating performance.

Management’s Use of Non-GAAP Measures

The non-GAAP financial measures presented in this press release are used by management to make operational decisions, to forecast future operational results, and for comparison with our business plan, historical operating results and the operating results of our peers. Reconciliations from net earnings (loss) and earnings (loss) per diluted share (“EPS”) to adjusted net earnings (loss) and adjusted earnings (loss) per diluted share (“adjusted EPS”) and from net earnings (loss) and net margin to adjusted EBITDA and adjusted EBITDA margin, are contained in the tables below.

Management believes these Non-GAAP financial measures are important in evaluating our performance, results of operations, and financial position. We use non-GAAP financial measures to supplement our GAAP results to provide a more complete understanding of the factors and trends affecting our business. Non-GAAP measures as presented in this press release may differ from and may not be comparable to similarly titled measures used by other companies.

Key Performance Indicators

In addition to the foregoing non-GAAP measures, management uses orders and backlog as key performance metrics to analyze and measure the Company’s financial performance and results of operations. Management uses orders and backlog as measures of current and future business and financial performance, and these may not be comparable with measures provided by other companies. Orders represent written communications received from customers requesting the Company to provide products and/or services. Backlog is calculated based on firm purchase orders we receive for which revenue has not yet been recognized. Management believes tracking orders and backlog are useful as they are often leading indicators of future performance. In accordance with industry practice, contracts may include provisions for cancellation, termination, or suspension at the discretion of the customer.

Given that each of orders and backlog are operational measures and that the Company’s methodology for calculating orders and backlog does not meet the definition of a non-GAAP measure, as that term is defined by the U.S. Securities and Exchange Commission, a quantitative reconciliation for each is not required or provided.

Forward-Looking Statements

This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These statements do not convey historical information but relate to predicted or potential future events and financial results, such as statements of the Company’s plans, strategies and intentions, or our future performance or goals, that are based upon management’s current expectations. These forward-looking statements can often be identified by the use of forward-looking terminology such as “believe,” “continue,” “expects,” “goal,” “guidance,” “may,” “outlook,” “will,” “plan,” “potential,” “strategy,” “target,” “estimated,” or similar terminology. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Such risks and uncertainties include, but are not limited to, any mentioned in this press release as well as the impact of a material weakness in the Company’s internal controls over financial reporting; the Company’s ability to execute on its VISION 2030 Strategy; realize the potential benefits of acquisitions and successfully integrate any acquired operations; grow the Company’s presence in its key target and international markets; manage supply chain challenges; convert backlog to sales and to ship product in a timely manner; the success of the Company’s strategy to diversify its markets; the impact of inflation on the Company’s business and financial condition; indications of a change in the market cycles in the semi market or other markets served; changes in business conditions and general economic conditions both domestically and globally including changes in U.S. and/or foreign trade policy, rising interest rates and fluctuation in foreign currency exchange rates; changes in the demand for semiconductors; access to capital and the ability to borrow funds or raise capital to finance potential acquisitions or for working capital; changes in the rates and timing of capital expenditures by the Company’s customers; and other risk factors set forth from time to time in the Company’s Securities and Exchange Commission filings, including, but not limited to, the Annual Report on Form 10-K for the year ended December 31, 2025, and any subsequent Quarterly Reports on Form 10-Q. Any forward-looking statement made by the Company in this press release is based only on information currently available to management and speaks to circumstances only as of the date on which it is made. The Company undertakes no obligation to update the information in this press release to reflect events or circumstances after the date hereof or to reflect the occurrence of anticipated or unanticipated events, except as required by law.

– FINANCIAL TABLES FOLLOW –

 

InTest Corporation

Consolidated Statements of Operations

(Unaudited)
 

 

Three Months Ended

 

Six Months Ended

 

June 30,

 

June 30,

(In thousands, except share and per share data)

 

2026

 

 

 

2025

 

 

 

2026

 

 

 

2025

 

Revenue

$

35,313

 

 

$

28,130

 

 

$

69,199

 

 

$

54,767

 

Cost of revenue

 

21,015

 

 

 

16,157

 

 

 

40,243

 

 

 

31,738

 

Gross profit

 

14,298

 

 

 

11,973

 

 

 

28,956

 

 

 

23,029

 

 

 

 

 

 

 

 

 

Operating expenses:

 

 

 

 

 

 

 

Selling expense

 

4,497

 

 

 

3,829

 

 

 

8,717

 

 

 

8,376

 

Engineering and product development expense

 

2,501

 

 

 

2,245

 

 

 

5,089

 

 

 

4,693

 

General and administrative expense

 

6,208

 

 

 

5,760

 

 

 

12,332

 

 

 

11,576

 

Amortization of acquired intangible assets

 

699

 

 

 

850

 

 

 

1,477

 

 

 

1,663

 

Restructuring costs

 

30

 

 

 

216

 

 

 

774

 

 

 

529

 

Total operating expenses

 

13,935

 

 

 

12,900

 

 

 

28,389

 

 

 

26,837

 

 

 

 

 

 

 

 

 

Operating income (loss)

 

363

 

 

 

(927

)

 

 

567

 

 

 

(3,808

)

Interest expense

 

(63

)

 

 

(119

)

 

 

(143

)

 

 

(271

)

Other (expense) income

 

(51

)

 

 

463

 

 

 

52

 

 

 

707

 

 

 

 

 

 

 

 

 

Earnings (loss) before income tax benefit

 

249

 

 

 

(583

)

 

 

476

 

 

 

(3,372

)

Income tax benefit

 

(225

)

 

 

(80

)

 

 

(181

)

 

 

(540

)

 

 

 

 

 

 

 

 

Net earnings (loss)

$

474

 

 

$

(503

)

 

$

657

 

 

$

(2,832

)

 

 

 

 

 

 

 

 

Earnings (loss) per common share:

 

 

 

 

 

 

 

Basic

$

0.04

 

 

$

(0.04

)

 

$

0.05

 

 

$

(0.23

)

Diluted

$

0.04

 

 

$

(0.04

)

 

$

0.05

 

 

$

(0.23

)

 

 

 

 

 

 

 

 

Weighted average common shares outstanding:

 

 

 

 

 

 

 

Basic

 

12,314,633

 

 

 

12,215,258

 

 

 

12,284,334

 

 

 

12,197,338

 

Diluted

 

12,582,221

 

 

 

12,215,258

 

 

 

12,501,783

 

 

 

12,197,338

 
 

InTest Corporation

Consolidated Balance Sheets
 

 

June 30,

2026

 

December 31,

2025

(In thousands, except share and per share data)

(Unaudited)

 

 

ASSETS

 

 

 

Current assets:

 

 

 

Cash and cash equivalents

$

22,102

 

 

$

14,216

 

Restricted cash

 

—

 

 

 

3,842

 

Trade accounts receivable, net of allowance for credit losses of $338 and $375, respectively

 

26,860

 

 

 

25,891

 

Inventories

 

27,923

 

 

 

31,580

 

Prepaid expenses and other current assets

 

3,010

 

 

 

3,109

 

Total current assets

 

79,895

 

 

 

78,638

 

Property and equipment, net of accumulated depreciation of $10,577 and $10,083, respectively

 

4,913

 

 

 

4,778

 

Right-of-use assets, net

 

8,153

 

 

 

9,098

 

Goodwill

 

31,965

 

 

 

32,359

 

Intangible assets, net

 

22,983

 

 

 

24,876

 

Deferred tax assets

 

746

 

 

 

775

 

Other assets

 

450

 

 

 

789

 

Total assets

$

149,105

 

 

$

151,313

 

 

 

 

 

LIABILITIES AND STOCKHOLDERS’ EQUITY

 

 

 

Current liabilities:

 

 

 

Current portion of long-term debt

$

5,348

 

 

$

6,062

 

Current portion of operating lease liabilities

 

2,135

 

 

 

2,098

 

Accounts payable

 

7,972

 

 

 

11,205

 

Customer deposits and deferred revenue

 

5,455

 

 

 

6,388

 

Domestic and foreign income taxes payable

 

39

 

 

 

—

 

Accrued expenses and other current liabilities

 

11,178

 

 

 

10,002

 

Total current liabilities

 

32,127

 

 

 

35,755

 

Operating lease liabilities, net of current portion

 

6,408

 

 

 

7,402

 

Long-term debt, net of current portion

 

895

 

 

 

1,406

 

Contingent consideration, net of current portion

 

—

 

 

 

356

 

Deferred revenue, net of current portion

 

422

 

 

 

1,055

 

Other liabilities

 

1,556

 

 

 

1,716

 

Total liabilities

 

41,408

 

 

 

47,690

 

Commitments and Contingencies

 

 

 

Stockholders’ equity:

 

 

 

Preferred stock, $0.01 par value; 5,000,000 shares authorized; no shares issued or outstanding

 

—

 

 

 

—

 

Common stock, $0.01 par value; 20,000,000 shares authorized; 12,912,071 and 12,570,865 shares issued, respectively; 12,825,786 and 12,488,788 shares outstanding, respectively

 

129

 

 

 

125

 

Additional paid-in capital

 

64,028

 

 

 

59,436

 

Retained earnings

 

43,217

 

 

 

42,560

 

Accumulated other comprehensive earnings

 

1,345

 

 

 

2,461

 

Treasury stock, at cost; 86,285 and 82,077 shares, respectively

 

(1,022

)

 

 

(959

)

Total stockholders’ equity

 

107,697

 

 

 

103,623

 

Total liabilities and stockholders’ equity

$

149,105

 

 

$

151,313

 
 

InTest Corporation

Consolidated Statements of Cash Flows

(Unaudited)
 

 

Six Months Ended June 30,

(In thousands)

 

2026

 

 

 

2025

 

CASH FLOWS FROM OPERATING ACTIVITIES

 

 

 

Net earnings (loss)

$

657

 

 

$

(2,832

)

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

 

 

 

Depreciation and amortization

 

3,262

 

 

 

3,306

 

Provision for excess and obsolete inventory

 

373

 

 

 

304

 

Amortization of deferred compensation related to stock-based awards

 

1,134

 

 

 

858

 

Deferred income tax expense

 

57

 

 

 

205

 

Other non-cash reconciling items

 

94

 

 

 

(383

)

Changes in assets and liabilities:

 

 

 

Trade accounts receivable

 

(1,347

)

 

 

6,865

 

Inventories

 

2,937

 

 

 

203

 

Prepaid expenses and other current assets

 

516

 

 

 

(438

)

Other assets

 

(314

)

 

 

(36

)

Operating lease liabilities

 

(1,086

)

 

 

(966

)

Accounts payable

 

(3,294

)

 

 

(898

)

Customer deposits and deferred revenue

 

(828

)

 

 

272

 

Domestic and foreign income taxes payable

 

162

 

 

 

(883

)

Deferred revenue, net of current portion

 

(633

)

 

 

(65

)

Accrued expenses and other liabilities

 

1,314

 

 

 

(665

)

Net cash provided by operating activities

 

3,004

 

 

 

4,847

 

CASH FLOWS FROM INVESTING ACTIVITIES

 

 

 

Purchases of property and equipment

 

(1,049

)

 

 

(691

)

Net cash used in investing activities

 

(1,049

)

 

 

(691

)

CASH FLOWS FROM FINANCING ACTIVITIES

 

 

 

Short-term borrowings, net of repayments

 

947

 

 

 

(3,613

)

Repayments of long-term debt

 

(2,050

)

 

 

(2,050

)

Proceeds from stock options exercised

 

3,413

 

 

 

18

 

Proceeds from shares sold under Employee Stock Purchase Plan

 

66

 

 

 

60

 

Settlement of employee tax liabilities in connection with treasury stock transactions

 

(88

)

 

 

(17

)

Net cash provided by (used in) financing activities

 

2,288

 

 

 

(5,602

)

Effects of exchange rates on cash

 

(199

)

 

 

864

 

Net cash provided by (used in) all activities

 

4,044

 

 

 

(582

)

Cash, cash equivalents and restricted cash at beginning of period

 

18,058

 

 

 

19,830

 

Cash and cash equivalents at end of period

$

22,102

 

 

$

19,248

 

 

 

 

 

Cash (receipts) payments for:

 

 

 

Domestic and foreign income taxes, net of receipts

$

(550

)

 

$

145

 

Interest

 

153

 

 

 

266

 

 

 

 

 

SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES

 

 

 

Issuance of unvested shares of restricted stock awards

 

1,775

 

 

 

1,039

 

Forfeiture of shares of unvested restricted stock awards

 

(1,473

)

 

 

(557

)
 

InTest Corporation

Revenue by Market

(Unaudited)
 

($ in thousands)

Three Months Ended

 

June 30,

 

June 30,

 

Change

 

March 31,

 

Change

 

2026

 

 

2025

 

 

$

 

%

 

2026

 

 

$

 

%

Revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Semi

$

9,058

 

25.7

%

 

$

10,192

 

36.2

%

 

$

(1,134

)

 

(11.1

%)

 

$

10,507

 

31.0

%

 

$

(1,449

)

 

(13.8

%)

Auto/EV

 

13,440

 

38.1

%

 

 

5,862

 

20.8

%

 

 

7,578

 

 

129.3

%

 

 

7,487

 

22.1

%

 

 

5,953

 

 

79.5

%

Defense/Aerospace

 

3,765

 

10.7

%

 

 

3,578

 

12.7

%

 

 

187

 

 

5.2

%

 

 

5,822

 

17.2

%

 

 

(2,057

)

 

(35.3

%)

Industrial

 

4,356

 

12.3

%

 

 

3,786

 

13.5

%

 

 

570

 

 

15.1

%

 

 

3,242

 

9.6

%

 

 

1,114

 

 

34.4

%

Life Sciences

 

2,002

 

5.7

%

 

 

1,386

 

4.9

%

 

 

616

 

 

44.4

%

 

 

3,572

 

10.5

%

 

 

(1,570

)

 

(44.0

%)

Safety/Security

 

770

 

2.2

%

 

 

898

 

3.2

%

 

 

(128

)

 

(14.3

%)

 

 

1,112

 

3.3

%

 

 

(342

)

 

(30.8

%)

Other

 

1,922

 

5.4

%

 

 

2,428

 

8.6

%

 

 

(506

)

 

(20.8

%)

 

 

2,144

 

6.3

%

 

 

(222

)

 

(10.4

%)

 

$

35,313

 

100.0

%

 

$

28,130

 

100.0

%

 

$

7,183

 

 

25.5

%

 

$

33,886

 

100.0

%

 

$

1,427

 

 

4.2

%
 

* Components may not add up to total due to rounding
 

Orders by Market

(Unaudited)
 

($ in thousands)

Three Months Ended

 

June 30,

 

June 30,

 

Change

 

March 31,

 

Change

 

2026

 

 

2025

 

 

$

 

%

 

2026

 

 

$

 

%

Orders

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Semi

$

11,955

 

41.4

%

 

$

7,292

 

26.3

%

 

$

4,663

 

 

63.9

%

 

$

7,677

 

24.2

%

 

$

4,278

 

 

55.7

%

Auto/EV

 

3,549

 

12.3

%

 

 

7,066

 

25.5

%

 

 

(3,517

)

 

(49.8

%)

 

 

10,744

 

33.8

%

 

 

(7,195

)

 

(67.0

%)

Defense/Aerospace

 

4,237

 

14.7

%

 

 

2,499

 

9.0

%

 

 

1,738

 

 

69.5

%

 

 

5,918

 

18.6

%

 

 

(1,681

)

 

(28.4

%)

Industrial

 

4,630

 

16.0

%

 

 

4,680

 

16.9

%

 

 

(50

)

 

(1.1

%)

 

 

4,123

 

13.0

%

 

 

507

 

 

12.3

%

Life Sciences

 

1,512

 

5.2

%

 

 

2,863

 

10.3

%

 

 

(1,351

)

 

(47.2

%)

 

 

1,587

 

5.0

%

 

 

(75

)

 

(4.7

%)

Safety/Security

 

333

 

1.2

%

 

 

1,173

 

4.2

%

 

 

(840

)

 

(71.6

%)

 

 

260

 

0.8

%

 

 

73

 

 

28.1

%

Other

 

2,655

 

9.2

%

 

 

2,186

 

7.9

%

 

 

469

 

 

21.5

%

 

 

1,476

 

4.6

%

 

 

1,179

 

 

79.9

%

 

$

28,871

 

100.0

%

 

$

27,759

 

100.0

%

 

$

1,112

 

 

4.0

%

 

$

31,785

 

100.0

%

 

$

(2,914

)

 

(9.2

%)
 

* Components may not add up to total due to rounding
 

InTest Corporation

Segment Data

(Unaudited)
 

 

Three Months Ended June 30, 2026

($ in thousands)

Electronic Test

 

Environmental

Technologies

 

Process

Technologies

 

Corporate &

Other

 

Consolidated

Revenue

$

21,404

 

$

5,819

 

 

$

8,090

 

$

—

 

 

$

35,313

 

Cost of revenue

 

12,469

 

 

4,054

 

 

 

4,492

 

 

—

 

 

 

21,015

 

Other divisional costs

 

5,154

 

 

2,333

 

 

 

3,217

 

 

—

 

 

 

10,704

 

Division operating income (loss)

 

3,781

 

 

(568

)

 

 

381

 

 

—

 

 

 

3,594

 

Acquired intangible amortization

 

 

 

 

 

 

 

699

 

 

 

699

 

Restructuring costs

 

 

 

 

 

 

 

30

 

 

 

30

 

Corporate expenses

 

 

 

 

 

 

 

2,502

 

 

 

2,502

 

Operating income (loss)

 

3,781

 

 

(568

)

 

 

381

 

 

(3,231

)

 

 

363

 

Interest expense

 

 

 

 

 

 

 

(63

)

 

 

(63

)

Other income

 

 

 

 

 

 

 

(51

)

 

 

(51

)

Earnings (loss) before income tax expense

$

3,781

 

$

(568

)

 

$

381

 

$

(3,345

)

 

$

249

 

 

Three Months Ended June 30, 2025

($ in thousands)

Electronic Test

 

Environmental

Technologies

 

Process

Technologies

 

Corporate &

Other

 

Consolidated

Revenue

$

13,733

 

$

7,215

 

$

7,182

 

$

—

 

 

$

28,130

 

Cost of revenue

 

7,418

 

 

4,534

 

 

4,205

 

 

—

 

 

 

16,157

 

Other divisional costs

 

4,755

 

 

2,070

 

 

2,578

 

 

—

 

 

 

9,403

 

Division operating income

 

1,560

 

 

611

 

 

399

 

 

—

 

 

 

2,570

 

Acquired intangible amortization

 

 

 

 

 

 

 

850

 

 

 

850

 

Restructuring costs

 

 

 

 

 

 

 

216

 

 

 

216

 

Corporate expenses

 

 

 

 

 

 

 

2,431

 

 

 

2,431

 

Operating (loss) income

 

1,560

 

 

611

 

 

399

 

 

(3,497

)

 

 

(927

)

Interest expense

 

 

 

 

 

 

 

(119

)

 

 

(119

)

Other income

 

 

 

 

 

 

 

463

 

 

 

463

 

(Loss) earnings before income tax expense

$

1,560

 

$

611

 

$

399

 

$

(3,153

)

 

$

(583

)

 

Six Months Ended June 30, 2026

(in thousands)

Electronic

Test

 

Environmental

Technologies

 

Process

Technologies

 

Corporate &

Other

 

Consolidated

Revenue

$

38,745

 

$

14,170

 

$

16,284

 

$

—

 

 

$

69,199

 

Cost of revenue

 

22,142

 

 

8,921

 

 

9,180

 

 

—

 

 

 

40,243

 

Other divisional costs

 

10,775

 

 

4,598

 

 

6,030

 

 

—

 

 

 

21,403

 

Division operating income

 

5,828

 

 

651

 

 

1,074

 

 

—

 

 

 

7,553

 

Acquired intangible amortization

 

 

 

 

 

 

 

1,477

 

 

 

1,477

 

Restructuring costs

 

 

 

 

 

 

 

774

 

 

 

774

 

Corporate expenses

 

 

 

 

 

 

 

4,735

 

 

 

4,735

 

Operating income (loss)

 

5,828

 

 

651

 

 

1,074

 

 

(6,986

)

 

 

567

 

Interest expense

 

 

 

 

 

 

 

(143

)

 

 

(143

)

Other income

 

 

 

 

 

 

 

52

 

 

 

52

 

Earnings (loss) before income tax expense

$

5,828

 

$

651

 

$

1,074

 

$

(7,077

)

 

$

476

 

 

Six Months Ended June 30, 2025

(in thousands)

Electronic

Test

 

Environmental

Technologies

 

Process

Technologies

 

Corporate &

Other

 

Consolidated

Revenue

$

26,992

 

$

13,483

 

$

14,292

 

$

—

 

 

$

54,767

 

Cost of revenue

 

14,731

 

 

8,697

 

 

8,310

 

 

—

 

 

 

31,738

 

Other divisional costs

 

10,020

 

 

4,430

 

 

5,376

 

 

—

 

 

 

19,826

 

Division operating income

 

2,241

 

 

356

 

 

606

 

 

—

 

 

 

3,203

 

Acquired intangible amortization

 

 

 

 

 

 

 

1,663

 

 

 

1,663

 

Restructuring costs

 

 

 

 

 

 

 

529

 

 

 

529

 

Corporate expenses

 

 

 

 

 

 

 

4,819

 

 

 

4,819

 

Operating (loss) income

 

2,241

 

 

356

 

 

606

 

 

(7,011

)

 

 

(3,808

)

Interest expense

 

 

 

 

 

 

 

(271

)

 

 

(271

)

Other income

 

 

 

 

 

 

 

707

 

 

 

707

 

(Loss) earnings before income tax (benefit) expense

$

2,241

 

$

356

 

$

606

 

$

(6,575

)

 

$

(3,372

)

InTest Corporation

Reconciliation of Non-GAAP Financial Measures

(Unaudited)

Reconciliation of Net Earnings (Loss) to Adjusted Net Earnings (Loss) (Non-GAAP) and Earnings (Loss) Per Diluted Share to Adjusted EPS (Non-GAAP):

 

Three Months Ended

 

June 30,

 

June 30,

 

March 31,

(in thousands except per share amounts)

 

2026

 

 

 

2025

 

 

2026†

Net earnings (loss)

$

474

 

 

$

(503

)

 

$

183

 

Acquired intangible amortization

 

699

 

 

 

850

 

 

 

778

 

Restructuring costs

 

30

 

 

 

216

 

 

 

744

 

Tax effect of adjusting items

 

(112

)

 

 

(146

)

 

 

(293

)

Adjusted net earnings (loss) (Non-GAAP)

$

1,091

 

 

$

417

 

 

$

1,412

 

Diluted weighted average shares outstanding

 

12,582

 

 

 

12,246

 

 

 

12,421

 

Adjusted net earnings (loss) per diluted share:

 

 

 

 

 

Net earnings (loss)

$

0.04

 

 

$

(0.04

)

 

$

0.01

 

Acquired intangible amortization

 

0.06

 

 

 

0.07

 

 

 

0.06

 

Restructuring costs

 

—

 

 

 

0.02

 

 

 

0.06

 

Tax effect of adjusting items

 

(0.01

)

 

 

(0.01

)

 

 

(0.02

)

Adjusted EPS (Non-GAAP)

$

0.09

 

 

$

0.03

 

 

$

0.11

 
 

* Components may not add up to total due to rounding

† March 31, 2026 as revised

Reconciliation of Net Earnings (Loss) and Net Margin to Adjusted EBITDA (Non-GAAP) and Adjusted EBITDA Margin (Non-GAAP):

 

Three Months Ended

 

June 30,

 

June 30,

 

March 31,

(in thousands except percentage data)

 

2026

 

 

 

2025

 

 

2026†

Net earnings (loss)

$

474

 

 

$

(503

)

 

$

183

 

Acquired intangible amortization

 

699

 

 

 

850

 

 

 

778

 

Net interest (income) expense

 

(15

)

 

 

30

 

 

 

—

 

Income tax (benefit) expense

 

(225

)

 

 

(80

)

 

 

44

 

Depreciation

 

386

 

 

 

314

 

 

 

375

 

Restructuring costs

 

30

 

 

 

216

 

 

 

744

 

Stock-based compensation

 

843

 

 

 

435

 

 

 

291

 

Adjusted EBITDA (Non-GAAP)

$

2,192

 

 

$

1,262

 

 

$

2,415

 

Revenue

$

35,313

 

 

$

28,130

 

 

$

33,886

 

Net margin

 

1.3

%

 

 

(1.8

%)

 

 

0.5

%

Adjusted EBITDA margin (Non-GAAP)

 

6.2

%

 

 

4.5

%

 

 

7.1

%
 

† March 31, 2026 as revised
__________________________

1 Orders and Backlog are key performance metrics. See “Key Performance Indicators” below for important disclosures regarding InTest’s use of these metrics.

2 Adjusted net earnings (loss), adjusted EPS, adjusted EBITDA, and adjusted EBITDA margin are non-GAAP financial measures. Further information can be found under “Non-GAAP Financial Measures.” See also the reconciliations of GAAP financial measures to non-GAAP financial measures that accompany this press release.

 

InTest Corporation

Duncan Gilmour

Chief Financial Officer and Treasurer

Tel: (856) 505-8999

Investors:

Jody Burfening / Sanjay M. Hurry

Alliance Advisors IR

[email protected]

Tel: (212) 838-3777

KEYWORDS: New Jersey United States North America

INDUSTRY KEYWORDS: Automotive Manufacturing Aerospace Automotive Technology Manufacturing Semiconductor Other Technology General Automotive Other Defense Defense Contracts

MEDIA:

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WIX Investors Have Opportunity to Lead Wix.com Ltd. Securities Fraud Lawsuit with SBS Law

PR Newswire

LOS ANGELES, Aug. 10, 2026 /PRNewswire/ — Schall, Brown & Schwartz LLP (“SBS”), a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Wix.com Ltd. (“Wix” or “the Company”) (NASDAQ: WIX) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Shareholders who purchased shares of WIX during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.

CLASS PERIOD: February 19, 2025 to May 12, 2026

DEADLINE: September 22, 2026

If you are a shareholder who suffered a loss, click here to participate.

CASE DETAILS: According to the Complaint, the Company made false and misleading statements to the market. Wix overstated the consumer appeal and competitiveness of its AI products, including the Wix Harmony platform and its Base44 acquisition. The Company also misled investors about the true costs of building and marketing AI products. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Wix, investors suffered damages.

We also encourage you to contact Brian Schall or David Schwartz of Schall, Brown & Schwartz LLP, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at [email protected].

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

Join the case to recover your losses

WHY SBS? Schall, Brown & Schwartz LLP represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation. Bringing together the extensive experience and diverse skillsets of founding partners Brian Schall, Andrew Brown, and David Schwartz, SBS is dedicated to aggressively advocating for every investor.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.             

CONTACT:
Schall, Brown & Schwartz LLP
Brian Schall, Esq.,
Andrew Brown, Esq.,
David Schwartz, Esq.,
www.schallfirm.com
Office: 310-301-3335
[email protected]

Cision View original content:https://www.prnewswire.com/news-releases/wix-investors-have-opportunity-to-lead-wixcom-ltd-securities-fraud-lawsuit-with-sbs-law-302846917.html

SOURCE Schall, Brown & Schwartz LLP

Posted on

Rackspace Technology, Inc. Sued for Securities Law Violations – Contact the DJS Law Group to Discuss Your Rights – RXT

PR Newswire

LOS ANGELES, Aug. 10, 2026 /PRNewswire/ — The DJS Law Group reminds investors of a class action lawsuit against Rackspace Technology, Inc. (“Rackspace” or “the Company”) (NASDAQ: RXT) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Shareholders who purchased shares of RXT during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.

CLASS PERIOD: May 7, 2026 to July 8, 2026

DEADLINE: September 28, 2026

CASE DETAILS: According to the Complaint, the Company made false and misleading statements to the market. Rackspace shifted resources away from its Private Cloud segment, shifting its capital and staff away from the profitable business to drive AI growth. The Company was also losing customers to cloud hyperscalers. Based on these facts, Rackspace’s public statements were false and materially misleading throughout the class period.

If you are a shareholder who suffered a loss, contact us to participate.

WHY DJS LAW GROUP? DJS Law Group’s primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.

Join the case to recover your losses.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:
David J. Schwartz
DJS Law Group
274 White Plains Road, Suite 1
Eastchester, NY 10709
Phone: 914-206-9742
Email: [email protected]

Cision View original content:https://www.prnewswire.com/news-releases/rackspace-technology-inc-sued-for-securities-law-violations—contact-the-djs-law-group-to-discuss-your-rights–rxt-302846916.html

SOURCE DJS Law Group LLP

Posted on

Atmos Energy Corporation Announces Retirement of John S. McDill and Appointment of Jeff D. Martinez to Senior Vice President, Utility Operations

Atmos Energy Corporation Announces Retirement of John S. McDill and Appointment of Jeff D. Martinez to Senior Vice President, Utility Operations

DALLAS–(BUSINESS WIRE)–
Atmos Energy Corporation (NYSE: ATO) announced today that John S. McDill, currently Senior Vice President, Utility Operations, will retire in early 2027 after a distinguished career with the Company. He will serve in his current role and on the company’s Management Committee until his retirement.

Mr. McDill joined Atmos Energy in 2002 and assumed his current role in October 2021. “John has held key leadership positions across the company throughout his career and will leave a lasting positive influence upon Atmos Energy. We are greatly appreciative for John’s dedication and contributions to Atmos Energy, our employees, customers, communities, and the natural gas industry,” said Kevin Akers, President and Chief Executive Officer.

The Company’s Board of Directors has appointed Jeff D. Martinez to the position of Senior Vice President, Utility Operations, effective October 1, 2026. In his new role, Mr. Martinez will join the company’s Management Committee, reporting to Kevin Akers, President and Chief Executive Officer.

Mr. Martinez has served as President of the Mid-Tex Division since December 2023. Prior to that, he served in several other management positions, including President of Atmos Pipeline – Texas, Vice President, Customer Service Organization, and Vice President of Operations in the Mid-Tex Division.

“Jeff and John have worked closely together in various roles throughout their careers and will continue to do so for a smooth transition,” said Akers.

About Atmos Energy

Atmos Energy Corporation, a natural gas-only distributor, is an S&P 500 company headquartered in Dallas. We safely deliver reliable, efficient, and abundant natural gas to approximately 3.4 million distribution customers in over 1,400 communities across eight states located primarily in the South. As part of our vision to be the safest provider of natural gas services, we are modernizing our business and infrastructure while continuing to invest in safety, innovation, environmental sustainability, and our communities. Atmos Energy manages proprietary pipeline and storage assets, including one of the largest intrastate natural gas pipeline systems in Texas. Find us online at http://www.atmosenergy.com, Facebook, Twitter, Instagram and YouTube.

Analyst and Media Contact: 

Dan Meziere

(972) 855-3729

KEYWORDS: Texas United States North America

INDUSTRY KEYWORDS: Energy Utilities Oil/Gas

MEDIA:

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Realtor.com®’s 2026 Hottest ZIP Codes in America: Peabody, Mass. Claims the Top Spot as Buyers Chase Space, Character Near Major Metros

PR Newswire

Listings in the top 10 ZIPs got up to 5.3x more views and sold as much as 42 days faster than the national average

AUSTIN, Texas, Aug. 10, 2026 /PRNewswire/ — Peabody, Mass. (01960) joins the Hottest ZIPs for the third time since previously ranked No. 5 in 2018 and No.3 in 2021. For the fourth consecutive year, the Northeast and Midwest swept the rankings, with this year’s list underscoring a clear shift in what today’s buyers are willing to pay for: more square footage and established character, even if it means a longer commute or a smaller discount versus the surrounding metro.

“This year’s hottest ZIP codes tell us that buyers aren’t simply chasing the lowest price tag anymore — they’re chasing space, character and a manageable commute to a major job center, and they’re willing to pay a premium to get it,” said Hannah Jones, senior economist at Realtor.com®. “What’s especially notable is how financially prepared these buyers are. Even in ZIP codes where typical local incomes aren’t enough to cover today’s home prices, buyers are showing up with larger down payments and stronger credit profiles than the national norm, which tells us this demand is real and well-capitalized.”
 

The 2026 Hottest ZIP Codes in America, in rank order, are:

  1. 01960 Peabody, Mass. in Boston-Cambridge-Newton, MA-NH*
  2. 07042 Montclair, N.J. in New York-Newark-Jersey City, NY-NJ
  3. 08080 Sewell, N.J. in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD*
  4. 14450 Fairport, N.Y. in Rochester, NY
  5. 01085 Westfield, Mass. in Springfield, MA
  6. 48154 Livonia, Mich. in Detroit-Warren-Dearborn, MI
  7. 17543 Lititz, Pa. in Lancaster, PA
  8. 06473 North Haven, Conn. in New Haven, CT
  9. 53151 New Berlin, Wi. in Milwaukee-Waukesha, WI
  10. 60187 Wheaton, Ill. in Chicago-Naperville-Elgin, IL-IN

(Starred ZIPs are located in metros that were on last years’ ranking)

Three of this year’s ZIPs and seven of the associated metro areas have appeared on the Hottest ZIP Codes list before, though none of this year’s ZIPs repeated directly from last year’s ranking — the overlap traces back to 2017, 2021 and 2024. Three ZIPs are appearing for the first time in every sense: Lititz, Pa. (17543), North Haven, Conn. (06473) and New Berlin, Wis. (53151), a sign that demand is continuing to spread into smaller markets within the same Northeast and Midwest corridors that have dominated the rankings in recent years.

Regional Divergence Persists

For the fourth year running, the South and West failed to produce a single entry on the list, while the Northeast and Midwest dominated with ZIPs spanning Massachusetts, New Jersey, New York, Connecticut, Pennsylvania, Wisconsin, Illinois and Michigan. Comparatively tight new-construction pipelines in these metros have kept a lid on supply, while more robust homebuilding and softer price growth across the South and West over the past two years have eased competition in those regions. Nationally, for-sale inventory remained 11.3% below pre-pandemic norms in June 2026 — but in the hottest ZIPs, that shortfall widened to 60.5%, more than five times the national gap, fueling the intense competition reflected in this year’s rankings.

Listings in the top 10 ZIPs also significantly outpaced the broader market on engagement and pace, drawing 3.0 to 5.3 times more views per property than the U.S. norm and selling 30 to 42 days faster.

Homes in the Hottest ZIPs Are Selling Over Asking — the Rest of the Country Isn’t

Nationally, the typical home sold for about 2.3% below list price in the first half of 2026. In the 10 hottest ZIPs, nine of 10 saw homes sell at or above asking, with an average sale-to-list ratio of roughly 103.8%. Montclair, N.J. and Fairport, N.Y. stood out sharply, with homes selling 16.7% and 14.4% over asking, respectively — a sign of competitive conditions and possibly multiple-offer scenarios while much of the country returns to balanced or even buyer-favoring conditions.

Buyers Pay Up for Space and a Commute Friendly Sweet Spot

Today’s buyers aren’t just chasing affordability — they want it all. Nine of the 10 hottest ZIPs are priced above their surrounding metro, and eight of the 10 feature homes that run notably larger than the typical listing in their metro. Across all 10 ZIPs, the median home for sale measured 2,000 square feet, compared with a metro median of 1,600 and a national median of 1,800. In Montclair, N.J. (07042), homes for sale averaged 2,625 square feet in the first half of 2026 — 85.6% larger than the surrounding New York metro norm.

These ZIPs also cluster in a similar commuting band, sitting roughly 10 to 20 miles from their metro’s central business district — close enough to support a regular in-office schedule, far enough to offer the space and quiet of suburban living. The housing stock skews older, too, with a median year built across the 10 ZIPs averaging 1970, about a decade older than the all-ZIP average — a reminder that buyers are increasingly willing to pay a premium for well-located, established neighborhoods.

Local Incomes Mostly Keep Pace — But Not Everywhere

Seven of the 10 hottest ZIPs show local median household income running ahead of what’s needed to afford the typical home there, assuming a 20% down payment and a 6.55% mortgage rate. Livonia, Mich. (48154) leads the group, with income running 64.2% above the threshold, followed by Sewell, N.J. (08080) at 39.6% and Fairport, N.Y. (14450) at 31.4%. Three ZIPs break from that pattern, most notably Montclair, N.J. (07042), where income runs 31.1% behind what’s needed — a signal less about whether today’s buyers can afford these homes and more about how much home values have outpaced the earnings of long-tenured residents.

Today’s Buyers Are Bringing More to the Table

Buyer financial profiles across the hottest ZIPs run well ahead of the national norm. The average down payment across the list is 17.1%, compared with roughly 13.1% nationally, and the average median credit score is 766, versus about 747 nationally. Montclair, N.J. buyers posted the strongest profile in the sample, averaging a 22.1% down payment (more than $318,000) alongside a median FICO score of 783. Even the ZIPs at the lower end of the range, Westfield, Mass., and Peabody, Mass., still landed near the national FICO average while putting down $30,000 and $89,000, respectively — well above the national dollar norm of $25,300.

Big-City ZIPs Draw Local Buyers, Smaller Markets Pull From Regional Hubs

ZIP codes within the largest metros are largely sustained by their own residents. Wheaton, Ill. (60187) drew 77.0% of its listing viewership from within the Chicago metro, Montclair, N.J. (07042) pulled 74.6% from New York, and Peabody, Mass. (01960) drew 70.0% from Boston. Smaller-metro ZIPs told a different story: Sewell, N.J. (08080) pulled 48.4% of its views from Philadelphia but another 26.8% from New York, while New Berlin, Wis. (53151) split its demand between Milwaukee (49.6%) and Chicago (24.5%) — evidence that these markets are functioning partly as release valves for buyers priced out of a larger, pricier neighboring metro.

Spotlight on Peabody, Mass., The Hottest Zip in America

Peabody, Mass. (01960) joins the Hottest ZIPs for the third time it has joined the top ten hottest zips including No. 5 in 2018 and No.3 in 2021. Located about 20 miles north of downtown Boston, Peabody offers buyers highway access to the city, a North Shore setting and a blend of small-town character with proximity to a major job center. Homes there spent a median of just 20 days on the market in the first half of 2026 and sold modestly over asking, even as the typical U.S. home sold under list price. Demand is largely homegrown — 70.0% of Peabody’s listing views came from within the Boston metro itself — and buyer financials there look close to the national norm, with a 14.0% average down payment and 747 median credit score, suggesting the math works for most buyers without requiring an outsized financial cushion.

Top 50 Hottest ZIP Codes


Rank


ZIP
Code


ZIP Name


Metro Area


Views per
Property
Vs US


Median
Days on
Market


Median
Listing
Price

1

01960

Peabody

Boston-Cambridge-Newton, MA-NH

4.09

20

$600,000

2

07042

Montclair

New York-Newark-Jersey City, NY-NJ

3.3

18

$1,050,000

3

08080

Sewell

Philadelphia-Camden-Wilmington, PA-NJ-DE-MD

3.8

25

$426,000

4

14450

Fairport

Rochester, NY

5.25

23

$429,000

5

01085

Westfield

Springfield, MA

5.21

27

$381,000

6

48154

Livonia

Detroit-Warren-Dearborn, MI

3.39

25

$338,000

7

17543

Lititz

Lancaster, PA

3.84

28

$598,000

8

06473

North Haven

New Haven, CT

5.34

30

$562,000

9

53151

New Berlin

Milwaukee-Waukesha, WI

4.48

29

$445,000

10

60187

Wheaton

Chicago-Naperville-Elgin, IL-IN

3.03

25

$575,000

11

06905

Stamford

Bridgeport-Stamford-Danbury, CT

3.2

27

$691,000

12

61611

East Peoria

Peoria, IL

4.01

31

$212,000

13

53140

Kenosha

Kenosha, WI

3.13

28

$267,000

14

17402

York

York-Hanover, PA

2.78

25

$394,000

15

03051

Hudson

Manchester-Nashua, NH

3.13

27

$608,000

16

63011

Ballwin

St. Louis, MO-IL

3.49

31

$455,000

17

19607

Reading

Reading, PA

2.76

24

$301,000

18

44281

Wadsworth

Cleveland, OH

4.16

32

$355,000

19

07840

Hackettstown

Allentown-Bethlehem-Easton, PA-NJ

2.55

25

$511,000

20

06040

Manchester

Hartford-West Hartford-East Hartford, CT

3.84

32

$392,000

21

54911

Appleton

Appleton, WI

3.17

30

$280,000

22

23229

Henrico

Richmond, VA

2.6

28

$515,000

23

48182

Temperance

Monroe, MI

4.31

33

$311,000

24

03301

Concord

Concord, NH

3.59

32

$437,000

25

61108

Rockford

Rockford, IL

3.01

30

$212,000

26

17011

Camp Hill

Harrisburg-Carlisle, PA

3.41

31

$366,000

27

66212

Overland Park

Kansas City, MO-KS

2.66

26

$385,000

28

02886

Warwick

Providence-Warwick, RI-MA

2.55

29

$457,000

29

44641

Louisville

Canton-Massillon, OH

3.66

34

$269,000

30

35213

Birmingham

Birmingham, AL

2.6

28

$526,000

31

06795

Watertown

Waterbury-Shelton, CT

4.21

35

$505,000

32

43614

Toledo

Toledo, OH

2.77

32

$222,000

33

43209

Columbus

Columbus, OH

2.8

32

$448,000

34

21771

Mount Airy

Baltimore-Columbia-Towson, MD

2.16

24

$734,000

35

55811

Duluth

Duluth, MN-WI

4.32

36

$552,000

36

65109

Jefferson City

Jefferson City, MO

2.75

33

$344,000

37

55110

Saint Paul

Minneapolis-St. Paul-Bloomington, MN-WI

2.7

33

$381,000

38

44266

Ravenna

Akron, OH

3.79

36

$254,000

39

62704

Springfield

Springfield, IL

3.05

35

$192,000

40

13760

Endicott

Binghamton, NY

3.6

35

$231,000

41

53405

Racine

Racine-Mount Pleasant, WI

2.45

31

$241,000

42

68144

Omaha

Omaha, NE-IA

2.2

27

$333,000

43

54303

Green Bay

Green Bay, WI

2.48

32

$261,000

44

01007

Belchertown

Amherst Town-Northampton, MA

2.6

33

$626,000

45

54401

Wausau

Wausau, WI

4.91

38

$297,000

46

48813

Charlotte

Lansing-East Lansing, MI

3.04

36

$284,000

47

51106

Sioux City

Sioux City, IA-NE-SD

2.51

35

$248,000

48

25526

Hurricane

Huntington-Ashland, WV-KY-OH

4.2

38

$350,000

49

61761

Normal

Bloomington, IL

2.55

34

$343,000

50

01569

Uxbridge

Worcester, MA

2.92

32

$622,000

To see the full list of State-Level Hottest ZIP codes,
https://www.realtor.com/research/hottest-ZIP-codes-2026

Methodology:

Realtor.com®’s Hottest ZIP Code rankings are based on an algorithm that takes into account two aspects of the housing market: 1) market demand, as measured by unique viewers per property on Realtor.com®, and 2) the pace of the market as measured by the number of days a listing remains active on Realtor.com®. The hottest areas are those that have high demand from buyers, in other words, lots of unique viewers per each property, and fast-selling homes, an indicator of limited supply. Market Hotness rankings based on Realtor.com® listing data from January to June 2026. The list of top ZIP codes is limited to one ZIP code per metropolitan area. Descriptive statistics in this write-up refer to June 2026 data unless otherwise noted.

About Realtor.com

®

For over 30 years, Realtor.com® has connected buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the No. 1 real estate site REALTOR® agents recommend, Realtor.com® delivers consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc.

Media Contact: Mallory Micetich, [email protected] 

Cision View original content:https://www.prnewswire.com/news-releases/realtorcoms-2026-hottest-zip-codes-in-america-peabody-mass-claims-the-top-spot-as-buyers-chase-space-character-near-major-metros-302846697.html

SOURCE Realtor.com

Posted on

Planet Fitness, Inc. Sued for Securities Law Violations – Contact the DJS Law Group to Discuss Your Rights – PLNT

PR Newswire

LOS ANGELES, Aug. 10, 2026 /PRNewswire/ — The DJS Law Group reminds investors of a class action lawsuit against Planet Fitness, Inc. (“Planet Fitness” or “the Company”) (NYSE: PLNT) violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Shareholders who purchased shares of PLNT during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.

CLASS PERIOD: November 6, 2025 to May 6, 2026

DEADLINE: September 14, 2026

CASE DETAILS: According to the Complaint, the Company made false and misleading statements to the market. Planet Fitness overstated its ability to pick up new members using its existing marketing campaigns. The Company failed to effectively roll out its national Black Card price increase. Based on these facts, Planet Fitness’s public statements were false and materially misleading throughout the class period.

If you are a shareholder who suffered a loss, contact us to participate.

WHY DJS LAW GROUP? DJS Law Group’s primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.

Join the case to recover your losses.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:
David J. Schwartz
DJS Law Group
274 White Plains Road, Suite 1
Eastchester, NY 10709
Phone: 914-206-9742
Email: [email protected]

Cision View original content:https://www.prnewswire.com/news-releases/planet-fitness-inc-sued-for-securities-law-violations—contact-the-djs-law-group-to-discuss-your-rights–plnt-302846950.html

SOURCE DJS Law Group LLP

Posted on

Tuya to Report Second Quarter 2026 Financial Results on August 24, 2026 Eastern Time

PR Newswire

SANTA CLARA, Calif., Aug. 10, 2026 /PRNewswire/ — Tuya Inc. (“Tuya” or the “Company”) (NYSE: TUYA; HKEX: 2391), a global leading AI cloud platform service provider, today announced that it will report its second quarter 2026 unaudited financial results after the market closes on Monday, August 24, 2026.

Tuya’s management will hold a conference call at 08:30 P.M. Eastern Time on Monday, August 24, 2026 (08:30 A.M. Hong Kong Time on Tuesday, August 25, 2026) to discuss the financial results. In advance of the conference call, all participants must use the following links to complete the online registration process. Upon registering, each participant will receive the dial-in information and a unique PIN (personal access code) to join the call as well as an email confirmation with the details.

Participants Online Webcast Registration: https://edge.media-server.com/mmc/p/x8phnjqd

Participants Call Registration: https://register-conf.media-server.com/register/BI2992f21177c7423c83ce142eb2ef031c

A live and archived webcast of the conference call will also be available at the Company’s investor relations website at https://ir.tuya.com.

About Tuya Inc.

Tuya Inc. (NYSE: TUYA; HKEX: 2391) is a global leading AI cloud platform service provider with a mission to build an AI developer ecosystem and enable everything to be smart. Tuya has pioneered a purpose-built AI cloud platform with cloud and generative AI capabilities that delivers a full suite of offerings, including Platform-as-a-Service, or PaaS, AI application & others and Smart home & robot products for developers of smart device, commercial applications, and industries. Through its AI developer platform, Tuya has activated a vibrant global developer community of brands, OEMs, AI agents, system integrators and independent software vendors to collectively strive for smart solutions ecosystem embodying the principles of green and low-carbon, security, high efficiency, agility, and openness.

Investor Relations Contact

Tuya Inc.
Investor Relations
Email: [email protected]

HL Strategy
Haiyan LI-LABBE
Email: [email protected]

Piacente Financial Communications
China Tel: +86-10-6508-0677
U.S. Tel: +1-212-481-2050
Email: [email protected]

Cision View original content:https://www.prnewswire.com/news-releases/tuya-to-report-second-quarter-2026-financial-results-on-august-24-2026-eastern-time-302846955.html

SOURCE Tuya Inc.

Posted on

KBR Awarded $208 Million Army Contract to Advance Next Generation Tactical Munitions

HOUSTON, Aug. 10, 2026 (GLOBE NEWSWIRE) — KBR (NYSE: KBR) announced today Trinzic, the planned spin-off of its Mission Technology Solutions business, has secured an estimated $208 million cost-plus-fixed-fee task order to continue supporting the U.S. Army’s Tactical Aviation and Ground Munitions (TAGM) portfolio, a centerpiece of the Army’s precision strike and aviation modernization efforts. The five-year recompete extends KBR’s role as a prime contractor on one of the Army’s highest lethality priorities, and it reinforces the company’s long-standing leadership in defense technology modernization for the U.S. and its allies.

The task order was awarded under the One Acquisition Solution for Integrated Services Plus (OASIS+) government-wide contract vehicle. KBR will provide end-to-end support across the full lifecycle, from advanced engineering and rapid prototyping to modernization, foreign military sales and global logistics. This integrated approach accelerates the development, fielding and sustainment of TAGM’s portfolio of combat-proven weapon systems, including HELLFIRE, Joint Air-to-Ground Missile (JAGM), Javelin and Tube-launched, Optically-tracked, Wireless-guided (TOW) missiles, Hydra Rockets and Long-Range Precision Munitions (LRPM) as well as advanced rocket and containerized weapons platforms. These systems remain in high demand across global theaters as threat environments increasingly evolve.

“This award reflects the Army’s trust in KBR to move quickly and handle complexity without losing focus on the mission,” said Jay Lennon, President of Mission Technology Solutions. “For more than 25 years, KBR has helped take the Army’s most important precision weapons from concept to combat readiness, shortening development timelines and accelerating delivery to the field.”

The award directly supports the Army’s top modernization priorities, including multi-domain operations, Army Aviation lethality, and Launched Effects and low-cost, effective Counter-Unmanned Aircraft System (C-UAS) capabilities.

As the Army continues to rely on accelerated acquisition pathways to prototype and field new capabilities faster, KBR’s commitment as a trusted partner ensures delivery at Speed to Mission ImpactSM through deep engineering expertise, advanced digital tools and global execution capability. These strengths position the company as a trusted partner for rapid defense innovation and sustained combat readiness.

About KBR

We deliver science, technology and engineering solutions to governments and companies around the world. KBR employs approximately 37,000 people worldwide with customers in more than 85 countries and operations in over 28 countries. KBR is proud to work with its customers across the globe to provide technology, value-added services, and long-term operations and maintenance services to ensure consistent delivery with predictable results. At KBR, We Deliver.

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About Trinzic

KBR’s Mission Technology Solutions business is expected to be spun off as an independent public company in January 2027 and will then operate under the new name Trinzic. The name is inspired by the word intrinsic, reflecting the essential capabilities, deep expertise, speed and trusted performance that have defined the business for decades. Trinzic will enter the market as a global company and partner to customers supporting some of the highest priority missions across national security, human performance, global operations and space. Trinzic will launch with more than $5 billion in annual revenue, established partnerships and contracts, 18,000 employees and a global footprint.    

Forward Looking Statements

The statements in this press release that are not historical statements, including statements regarding KBR and Trinzic’s defense technology modernization capabilities and planned spin-off of Trinzic from KBR, are forward-looking statements within the meaning of the federal securities laws. These statements are subject to numerous risks, uncertainties and assumptions, many of which are beyond the company’s control, that could cause actual results to differ materially from the results expressed or implied by the statements. These risks, uncertainties and assumptions include, but are not limited to, those set forth in the company’s most recently filed Annual Report on Form 10-K, any subsequent Form 10-Qs and 8-Ks and other U.S. Securities and Exchange Commission filings, which discuss some of the important risks, uncertainties and assumptions that the company has identified that may affect its business, results of operations and financial condition. Due to such risks, uncertainties and assumptions, you are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. Except as required by law, the company undertakes no obligation to revise or update publicly any forward-looking statements for any reason.

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