Olaplex agrees to $2.06/share Henkel buyout; Q1 revenue up 2.5% as debt cut $300M

Filed May 11, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 8, 2025 · ~2 min read

Key Changes

• high

  Definitive merger with Henkel at $2.06/share cash, closing H2 2026 pending regulatory approvals in US, Germany, Australia, UK. Advent (75% holder) approved via written consent, blocking alternative bids. $40.4M termination fee if deal fails under certain conditions.

  MD&A: Proposed Acquisition verify on EDGAR →
• high

  Q1 2026 revenue grew 2.5% vs 1.9% decline in Q1 2025. Professional channel up 12.3%, DTC up 13.8%, specialty retail down 13.3%. Gross margin recovered to 72.1% from 69.5%, driven by favorable channel mix and lower inventory write-offs.

  MD&A: Revenue and Margins verify on EDGAR →
• high

  Operating loss of $5.1M vs $8.5M income in Q1 2025, driven by $17.9M higher SG&A: $7.9M increased marketing spend, $7.4M merger transaction costs, $3.9M higher payroll. Elevated expenses offset margin gains.

  MD&A: Operating Results verify on EDGAR →