Net sales rose 4.2% to $6.52B in the fiscal third quarter, while net income slipped 0.8% to $224.4M as restructuring and separation costs weighed on results.

Filed October 20, 2026 · Period ending September 30, 2026 · Compared to 10-Q Oct 21, 2025 · ~1 min read

Key Changes

• high

  Net sales rose 4.2% to $6.52B in the fiscal third quarter, driven by a 2.9% increase in comparable sales, a 0.9% benefit from acquisitions, and a 0.5% benefit from favorable impact of foreign currency and other.

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• high

  Net income decreased 0.8% to $224.4M, primarily due to certain nonrecurring costs related to the planned separation of our Global Automotive and Global Industrial businesses, increased restructuring and other costs, and higher costs associated with the conflict in the Middle East.

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• medium

  Industrial segment EBITDA rose 11.2% to $316.9M, with EBITDA margin improving to 13.2% from 12.6%, driven by the benefits our strategic pricing and sourcing initiatives which drove gross margin expansion of 120 and 80 basis points for the three and nine month periods, respectively, and the continued benefits of our global restructuring and disciplined cost control initiatives.

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