Basic Materials Earnings Report — 2026-08-06 to 2026-09-20

25 most recent Basic Materials earnings

1. Sep 15, 2026, 4:05 PM ET·UROY·Basic Materials

   Uranium Royalty Corp. — First Quarter Fiscal Year 2027 Earnings Summary

   URANIUM ROYALTY CORP

   Net income surged 1,530% to $16.3 million and diluted EPS rose 900% to $0.10 for the quarter ended July 31, 2026, driven by $51.0 million in revenue from 593,255 lbs of U3O8 sold at an average price of $86.00/lb. Completed the acquisition of Sweetwater in July 2026, funded in part by uranium sales proceeds, expanding the portfolio to include trona assets and establishing the company as the largest U.S. non-precious metal royalty platform. Key counterparties Cameco and Paladin Energy maintained or exceeded production guidance, while the company's total land position now exceeds 5.3 million acres, making it the largest landowner in Wyoming. Management highlighted the strategy to monetize physical uranium holdings to finance accretive transactions and support growth, with no specific financial guidance changes or capital return announcements detailed in the summary.

2. Sep 9, 2026, 7:31 AM ET·PPIH·Basic Materials

   Perma-Pipe International Holdings, Inc. — Second Quarter 2026 Earnings Summary

   PERMA-PIPE INTERNATIONAL HOLDINGS INC

   Net sales rose 24.4% year-over-year to $59.6 million, while net income attributable to common stock increased to $2.5 million ($0.31 per diluted share) from $0.9 million in the prior-year quarter. Gross margin contracted to 29.2% from 30.1% due to higher materials and logistics costs, alongside a $3.9 million non-recurring charge for an uncollectible receivable included in general and administrative expenses. Management highlighted strong momentum with a $142.3 million backlog and new orders exceeding $67 million, driven by facility ramp-ups in Ohio and expansion in Qatar. Subsequent to quarter-end, the company secured a new $90 million global credit facility (including $50 million incremental capacity) to refinance existing debt and fund operations. Operating cash flow improved significantly to $7.2 million for the quarter and $13.3 million for the first six months, compared to $1.3 million used in the prior-year period.

3. Sep 3, 2026, 4:17 PM ET·NX·Basic Materials

   Quanex Building Products — Third Quarter 2026 Earnings Summary

   QUANEX BUILDING PRODUCTS CORP

   Net income and operating income turned positive in Q3 2026 ($26.5M and $46.5M, respectively), reversing significant losses from the prior year period which included a $302.3M non-cash goodwill impairment charge; adjusted diluted EPS rose to $0.79 from $0.69. Total net sales increased 1.3% year-over-year to $501.8M for the quarter, driven by favorable pricing across segments, though Hardware Solutions sales declined 2.7% due to lower volumes and tariff reimbursements. Management prioritized capital allocation with $42.25M in debt repayment and $1.7M in share repurchases during the quarter, while maintaining a net debt to LTM Adjusted EBITDA leverage ratio of 2.8x. Future outlook remains cautious regarding inflationary pressures and the Middle East conflict, though management intends to continue debt repayment and opportunistically repurchase shares in Q4 2026 as cash is generated.

4. Sep 2, 2026, 9:44 AM ET·REX·Basic Materials

   REX American Resources — Fiscal Second Quarter 2026 Earnings Summary

   REX AMERICAN RESOURCES CORP

   Net income attributable to shareholders surged to $34.9 million in Q2 2026 from $7.1 million in Q2 2025, driven by a 144% increase in core gross profit (excluding 45Z tax credits) and $18.4 million in production tax credit income. Revenue rose 6.3% year-over-year to $168.5 million in Q2 2026, while diluted net income per share reached a record $1.06 compared to $0.22 in the prior year period. The company reported no bank debt and held $379.5 million in cash and short-term investments as of July 31, 2026, with operating cash flow for the first six months of fiscal 2026 reaching $38.0 million. Strategic progress includes the One Earth Energy expansion on track for operations in fiscal 2026 and the receipt of draft permits for three Class VI injection wells for its carbon capture project. Management highlighted 24 consecutive profitable quarters and expressed strong confidence in long-term prospects, supported by higher average selling prices for ethanol, dried distillers grains, and distillers corn oil.

5. Aug 31, 2026, 6:43 AM ET·NC·Basic Materials

   NACCO Industries — Q2 2026 Earnings Summary

   NACCO INDUSTRIES INC

   Consolidated Adjusted EBITDA for the trailing twelve months ended June 30, 2026, rose 4.2% to $59.144 million from $56.767 million, while Net Income declined 44.9% to $17.287 million due to $11.984 million in asset impairment charges and $7.804 million in pension settlement charges absent in the prior year. Guidance projects $50 million in recurring annual EBITDA from current businesses plus $11 million from 2025-signed projects, though solar development revenue expectations were removed and mitigation credit sales timing deferred due to regulatory delays. The company maintains a $114.6 million liquidity position against $120.1 million in debt, with a 4% dividend increase in 2026 and a target to deploy $20 million annually into the Minerals and Royalties platform. Strategic focus remains on compounding recurring cash flows through long-term contracts in Utility Coal and Contract Mining, while Ecological Solutions is targeted to achieve profitability in 2027.

6. Aug 26, 2026, 8:26 PM ET·STDN·Basic Materials

   Standard Nuclear — Second Quarter 2026 Earnings Summary

   STANDARD NUCLEAR INC

   Revenue surged to $4.7 million for the three months ended June 30, 2026, an eight-fold increase year-over-year, marking the first quarter of gross profit ($3.2 million) despite a net loss of $3.4 million. Total contract backlog expanded significantly to $576.9 million following new fuel supply agreements with Radiant Industries and Antares Nuclear, while funded backlog rose to $119.3 million. The company completed its IPO on July 17, 2026, raising approximately $137.7 million in net proceeds to establish a debt-free balance sheet with roughly $239.9 million in pro forma cash. Construction is substantially complete at the SN-TN and SN-ID facilities, targeting authorization to operate in Q4 2026, with the Framatome joint venture expected to begin TRISO fuel production in 2027. Management highlighted the conversion of pipeline opportunities into executed contracts and the company's unique position as the only independent U.S. producer of TRISO fuel at scale for commercial customers.

7. Aug 17, 2026, 12:05 PM ET·UAMY·Basic Materials

   United States Antimony Corp. — Second Quarter 2026 Earnings Summary

   UNITED STATES ANTIMONY CORP

   Financial Results: Q2 2026 revenue declined 25% year-over-year to $7.9 million due to a 52% drop in antimony pricing to $13.70/lb, though volume rose 26%; the company reported a $7 million operating loss but a $0.1 million net income driven by a $6.8 million unrealized gain on its Larvotto investment, while cash and cash equivalents increased to $41.4 million. Guidance & Outlook: Full-year revenue guidance was lowered to $60–$75 million reflecting current market prices, while management anticipates margin expansion in H2 2026 as DLA contract shipments are recognized and expects antimony prices to remain near $10/lb. Strategic & Operational Progress: The company is executing a $245 million sole-source DLA contract ahead of schedule with cumulative awards of $57.3 million, completed the first delivery of 82,000 pounds (revenue recognized in Q3), and received $12.8 million in DPA grant funding to support $10 million in net capital deployed for the Thompson Falls expansion. Capital & Liquidity: Total liquidity reached $62.2 million supported by $43.4 million in financing proceeds from equity issuance and a strategic inventory build-up to $21.6 million, while institutional ownership rose to over 57% and the company abandoned its attempt to acquire Larvotto Resources.

8. Aug 14, 2026, 4:30 PM ET·CTGO·Basic Materials

   Contango Silver & Gold — Q2 2026 Earnings Summary

   CONTANGO SILVER & GOLD INC

   Reported a total operating loss of $8.5 million for Q2 2026 versus $23.0 million income in Q2 2025; net income fell to $4.8 million ($0.14/share) from $15.9 million ($1.24/share) in the prior year, driven by a $10.3 million derivative gain compared to a $12.8 million loss previously. Cash and cash equivalents rose to $89.0 million as of June 30, 2026, supported by $54.8 million in financing cash flows from an equity offering, while remaining debt balance increased to $46.3 million following a July 1 credit facility amendment. Maintains 2026 production guidance of 40,000–45,000 gold ounces and raises 2027 guidance to 75,000–80,000 ounces, with projected 2027 cash costs of $1,200–$1,300 per ounce and AISC of $1,300–$1,400 per ounce. Completed the merger integration with Dolly Varden Silver and fully liquidated the hedge book to achieve 100% unhedged exposure to gold prices, while securing 100% ownership of the Lucky Shot project through a $16.074 million lease purchase and $18.75 million milestone settlement. Long-term strategy targets growing annual production from a current average of 60,000 gold equivalent ounces to over 200,000 gold ounces and 5 million silver ounces, with the Lucky Shot Feasibility Study targeted for H1 2027.

9. Aug 14, 2026, 10:29 AM ET·SIND·Basic Materials

   Sinda Ltd. — Second Quarter 2026 Earnings Summary

   SINDA LTD

   Reported a net loss of $16.6 million for Q2 2026, widening from $2.2 million in the prior year period due to planned exploration growth and IPO preparation costs; the company maintains a zero-debt balance sheet with $204.3 million in cash and total post-IPO liquidity of $320.7 million. Completed a successful IPO and concurrent placement raising approximately $331.3 million in total gross proceeds, including a strategic 5.0% stake acquisition by Fresnillo plc for $95.3 million. Announced plans to initiate construction of a 9-kilometer underground exploration decline in H2 2026, targeting the commencement of 223,000 meters of underground drilling by late 2026 and completion of an updated Mineral Resource Estimate by year-end 2026. Identified the New Don Diego Corridor and reported high-grade results in Phase 1 surface drilling, while management outlined a pathway to commercial production funded through non-dilutive options such as project finance and streaming.

10. Aug 14, 2026, 8:15 AM ET·RMIX·Basic Materials

    Suncrete — Q2 2026 Earnings Summary

    SUNCRETE INC

    Revenue surged 146% year-over-year to $97.2 million, while Adjusted EBITDA nearly doubled to $13.5 million; however, net loss widened significantly to $37.1 million from $325,000, driven by $12.2 million in acquisition-related costs and a $26.9 million non-cash charge. The company maintained its full-year 2026 guidance, projecting revenue between $420 million and $480 million and Adjusted EBITDA between $68 million and $93 million, reflecting the expected contribution of recent acquisitions. Strategic expansion continued with the closing of three acquisitions (Hope Concrete, Nelson Bros., and ABC Block Company), increasing total assets to $699.4 million and raising long-term debt to $201.1 million. Management reaffirmed confidence in the outlook citing strong Sunbelt fundamentals and demand, despite wet weather, while successfully reducing redeemable mezzanine equity to zero and increasing cash reserves to $28.6 million.

11. Aug 13, 2026, 5:26 PM ET·AIRJ·Basic Materials

    AirJoule Technologies — Second Quarter 2026 Earnings Summary

    AIRJOULE TECHNOLOGIES CORP

    Reported a net loss of $8.53 million for Q2 2026 versus net income of $2.51 million in the prior year period; full-year 2026 cash spend guidance increased to $27–$28 million from $25 million to reflect greater commercialization activity. Secured $35.85 million in financing proceeds over the first six months, primarily from a $14.2 million registered direct offering in June, bringing total cash and equivalents to $41.42 million with no debt. Advanced commercialization milestones including the commissioning of the first full-scale AirJoule Prime system in Newark and the execution of an exclusive sales agreement with Kubota Corporation for Texas and California markets. Scheduled to ship the first AirJoule Prime system to Europe and deploy AirJoule Core DH systems to strategic customers in the UAE, Texas, and California during Q3 2026.

12. Aug 13, 2026, 5:13 PM ET·ALOY·Basic Materials

    REalloys — Second Quarter 2026 Earnings Summary

    REALLOYS INC

    Net revenues doubled to $0.8 million in Q2 2026 from $0.4 million in the prior-year period, though GAAP net loss widened significantly to $36.8 million ($0.59/share) from $2.2 million ($0.05/share), primarily driven by $32.1 million in non-cash stock-based compensation. The company secured $100.0 million via a private placement in June 2026, raising the cash balance to $122.4 million and maintaining a virtually debt-free balance sheet with $19.2 million in total liabilities. Strategic progress includes the planned Q3 2026 commencement of the SRC Rare Earth Processing Facility upgrade targeting 525 tonnes of NdPr metal annually, with commercial intake expected in Q3 2027. Management executed key leadership transitions, appointing Craig Cunningham as CFO and Dr. Muhammad Imran as COO, while securing supply rights to 80% of the expanded SRC facility's output.

13. Aug 13, 2026, 7:24 AM ET·EU·Basic Materials

    enCore Energy — Six Months Ended June 30, 2026 Earnings Summary

    ENCORE ENERGY CORP

    Reported a net loss per share of $0.19 for the six months ended June 30, 2026, compared to $0.16 in the prior year period, driven by lower extraction volumes and a fair value adjustment of Verdera Energy Corp. shares. Delivered 485,000 pounds of U3O8 at an average sales price of $70.10 per pound, up from 350,000 pounds at $62.58 per pound in the prior year, though weighted average cost of delivered U3O8 rose to $75.54 per pound from $59.42 per pound. Total liquidity stands at $88.4 million, comprising $21.8 million in unrestricted cash and $52.2 million in marketable securities, with adjusted total liquidity at $73.5 million excluding Verdera-related securities. Management expects improved extraction and operating efficiency in 2027 driven by new Upper Spring Creek and Alta Mesa operations, following a Q2 2026 workforce reduction with cost savings anticipated in Q3 2026 financials. Permitting milestones include anticipated final permits for Alta Mesa Wellfield 3 Extension and Upper Spring Creek start-up in Q4 2026, while the Dewey Burdock project has received federal permits with development anticipated in 2028 subject to state approval.

14. Aug 13, 2026, 6:55 AM ET·LAC·Basic Materials

    Lithium Americas — Second Quarter 2026 Earnings Summary

    LITHIUM AMERICAS CORP

    Net income turned positive for the six months ended June 30, 2026, at $6.3 million compared to a $24.8 million loss in 2025, driven by a $13.3 million increase in other income and a drop in transaction costs to $1.0 million from $17.6 million. Construction progress remains on track with mechanical completion of the Thacker Pass processing plant targeted for late 2027 and site energization expected in Q4 2026, though total capital expenditure for Phase 1 is projected between $1.3 billion and $1.6 billion for fiscal 2026. The company secured significant financing, including a $342 million DOE loan advance (cumulative $1.209 billion) and a $150 million initial closing on subordinated convertible debentures, while cash and restricted cash totaled $1.3 billion as of June 30, 2026. Total assets rose to $3.54 billion and mineral properties, plant, and equipment increased to $2.09 billion, reflecting $1.8 billion in capitalized construction costs, while management noted risks from inflation, logistics constraints, and potential tariff exposure of $80 million to $100 million.

15. Aug 12, 2026, 4:30 PM ET·SSMR·Basic Materials

    Sunshine Silver Mining & Refining — Second Quarter 2026 Earnings Summary

    SUNSHINE SILVER MINING & REFINING CO

    Reported a net loss of $16.7 million ($0.13 per share) for Q2 2026, a widening from $7.0 million in the prior-year period, while cash and cash equivalents surged to $288.7 million from $31.0 million in December 2025 following IPO proceeds. Maintained a debt-free balance sheet as of June 30, 2026, with the company utilizing its strong cash position to advance infrastructure, including 1,200 meters of underground development completed in H1 2026 and a new hoist commissioned in May 2026. Outlined a strategic roadmap targeting a final investment decision in 2027 following the completion of the Sunshine Mine Feasibility Study, with a planned return to silver production in late 2028. Confirmed progress on value-creation initiatives, including the Silver Summit Project for secondary egress, a 60% complete infill drilling program, and strategic assessments for a new Antimony Plant and Silver-Copper Refinery restart.

16. Aug 12, 2026, 9:08 AM ET·CAPS·Basic Materials

    Capstone Holding Corp. — Q2 2026 Earnings Summary

    CAPSTONE HOLDING CORP

    Revenue surged 67% year-over-year to $21.5 million, while gross profit jumped 92% to $6.0 million, driving a 357 basis point expansion in gross margin to 27.9%. Stone Business Adjusted EBITDA reached $2.0 million (9.4% margin), a 126% year-over-year increase that confirmed the profitability inflection point targeted for Q1, despite a widened GAAP net loss to $(1.4) million. The Company reaffirmed full-year 2026 guidance of $72.1 million revenue and $3.8 million EBITDA, with management targeting a $100 million annual revenue run rate and EBITDA margins expanding to 10%. Strategic initiatives include the launch of the Nature's Edge product line, the AI Operating System converting $700,000 in surplus inventory, and a pause on new acquisitions until the current platform is fully optimized.

17. Aug 11, 2026, 5:02 PM ET·UAMY·Basic Materials

    United States Antimony Corporation — Second Quarter 2026 Earnings Summary

    UNITED STATES ANTIMONY CORP

    Q2 2026 revenue declined 25% year-over-year to $7.9 million, driven by a 52% drop in average antimony selling prices to $13.70/lb, though antimony volumes sold rose 26% to 428,425 pounds; Zeolite revenue grew 110% to $1.9 million. Full-year 2026 gross revenue guidance was revised downward to $60–$75 million from $125 million due to market price declines and delivery timing shifts, while the company expects to fulfill $57.3 million in DLA orders by year-end. The Thompson Falls expansion is substantially complete and expected to be fully operational on all furnaces in Q3 2026, supported by a $12.8 million Defense Production Act grant payment received in April. Capital allocation included $49.1 million in net proceeds from equity issuances and $7.8 million in treasury share repurchases during the first half of 2026, resulting in $41.4 million in cash and cash equivalents as of June 30, 2026. Q2 2026 net income of $0.1 million included a $6.8 million unrealized gain on the Larvotto Resources investment, while operating loss was $7.0 million excluding non-cash items; inventory increased 178% from year-end to capitalize on lower input prices.

18. Aug 11, 2026, 4:08 PM ET·AVD·Basic Materials

    American Vanguard — Second Quarter 2026 Earnings Summary

    AMERICAN VANGUARD CORP

    Second quarter net sales declined 9% year-over-year to $117 million, while first-half net sales fell 2% to $240 million; however, first-half gross profit margin improved to 30% from 29% and Adjusted EBITDA rose to $16.9 million from $14 million. The company reaffirmed full-year guidance for sales of $530 million to $550 million and Adjusted EBITDA of $44 million to $48 million, citing expected cost reductions from L.A. facility rationalization and headquarters relocation in the second half. U.S. Specialty sales grew 11% in the quarter and 10% in the first half, contributing to a reported outperformance against competition in the U.S. market despite conservative buying behaviors and an 18% decline in international sales. Balance sheet liquidity improved with cash increasing to $43.9 million from $12.4 million in December 2025, though total debt rose to $267.6 million and net cash used in operating activities increased to $60.5 million in the first half due to decreased customer prepayments.

19. Aug 11, 2026, 7:00 AM ET·JBI·Basic Materials

    Janus International Group — Second Quarter 2026 Earnings Summary

    JANUS INTERNATIONAL GROUP INC

    Total revenue increased 2.4% year-over-year to $233.5 million, while net income declined to $10.7 million ($0.08 per share) from $20.7 million ($0.15 per share) in the prior year period. Full-year 2026 Adjusted EBITDA guidance was lowered to a range of $150 million to $170 million, reflecting a 4.9% year-over-year decline at the midpoint, though total revenue guidance was raised to $925 million–$945 million. Strategic growth was driven by a 20.3% increase in New Construction revenues, bolstered by the $19.2 million contribution from the Kiwi II Construction acquisition, while Commercial and Other revenues fell 21.2%. Capital allocation included the repurchase of approximately 367,000 shares for $1.9 million, while net debt increased to $422.6 million and the Non-GAAP Net Leverage Ratio rose to 2.7. Management highlighted the Nokē Smart Entry System reaching 501,000 installed units (up 22.5% year-over-year) as a key inflection point despite a challenging operating environment and competitive landscape.

20. Aug 10, 2026, 5:25 PM ET·IAUX·Basic Materials

    i-80 Gold — Q2 2026 Earnings Summary

    I-80 GOLD CORP

    Q2 2026 revenue decreased 12.5% year-over-year to $24.3 million due to lower gold sales volume (5,335 oz vs. 8,400 oz), partially offset by a higher realized price ($4,522/oz vs. $3,301/oz), while six-month revenue rose 83% to $76.7 million; gross profit improved significantly to $8.6 million in Q2 from $0.8 million, though net loss widened to $52.5 million driven by a 226% increase in pre-development, evaluation, and exploration costs. The company remains on track to meet its 2026 guidance, with growth capital expenditures expected to align with the $150–$175 million range, though Archimedes expenditures are projected higher due to a strategic pivot to new surface infrastructure and exploration expenses are expected to be $10 million lower due to staffing and equipment constraints. Operational milestones include Granite Creek production ramping ahead of plan despite ground condition challenges, Archimedes advancing on schedule with first gold mining targeted for Q4 2026, and the Lone Tree Plant refurbishment proceeding with demolition commenced and major construction expected in Q4 2026. Strategic execution continues via a hub-and-spoke model to transition from toll milling to owner-operated processing, supported by a $464.6 million cash balance and board appointments including Stephen Gottesfeld, while feasibility studies for Granite Creek and Cove underground are anticipated in Q3 2026.

21. Aug 10, 2026, 5:06 PM ET·URG·Basic Materials

    Ur-Energy — Second Quarter 2026 Earnings Summary

    UR-ENERGY INC

    Q2 2026 product sales revenue reached $14.4 million on 215,000 pounds sold, a 30.3% year-over-year volume increase, with an average sales price of $66.85 per pound and cash costs of $40.20 per pound. The company expects to deliver 1.0 million pounds of U₃O₈ in 2026, having deferred 300,000 pounds (150,000 to 2027 and 150,000 to 2029) to align with ramp-up schedules, while unrestricted cash balances stood at $95.3 million. Full production operations commenced at the Shirley Basin project following state regulatory authorization, positioning Ur-Energy as the largest domestic ISR producer with a combined licensed capacity of 4.2 million pounds annually. Strategic infrastructure milestones include the planned commencement of fifth mine unit construction at Lost Creek by year-end 2026, wastewater treatment facility completion in Q1 2027, and a 120-hole drilling program at Lost Creek South starting in Q3 2026.

22. Aug 10, 2026, 5:00 PM ET·HNRG·Basic Materials

    Hallador Energy — Q2 2026 Earnings Summary

    HALLADOR ENERGY CO

    Q2 2026 revenue declined to $101.5 million from $102.8 million in Q2 2025, resulting in a net loss of $15.2 million versus a $8.2 million net income in the prior year period. Adjusted EBITDA turned negative at $(2.9) million compared to $3.4 million in Q2 2025, while operating cash flow dropped to $(23.9) million from $11.4 million, driven by higher maintenance costs and purchased power expenses. Capital expenditures rose to $26.3 million from $13.1 million in Q2 2025 to fund reliability upgrades and the Turtle Creek project, with total bank debt increasing to $45.0 million. The Company maintains a Turtle Creek project cost target below $800 million with a commercial operation date targeted for the second half of 2028 and expects a final investment decision on the 460 MW peaking project in September 2026. Total contracted revenue reached $2.4 billion at the segment level, and the Company raised $53.764 million from a public offering and $189,000 from an ATM offering during the six months ended June 30, 2026.

23. Aug 10, 2026, 4:40 PM ET·USAR·Basic Materials

    USA Rare Earth — Q2 2026 Earnings Summary

    USA RARE EARTH INC

    Q2 2026 revenue reached $5.8 million (vs. $0 in Q2 2025), while net loss narrowed to $10.3 million ($0.05/share) from $142.5 million ($1.54/share) in the prior year period; cash and cash equivalents rose to $1.53 billion driven by $1.5 billion in PIPE financing proceeds. The company finalized the acquisition of Texas Mineral Resources Corp. to secure 100% ownership of the Round Top project and announced a definitive agreement to acquire Serra Verde Group for approximately $2.8 billion to secure heavy rare earth supply. Strategic milestones include commissioning a hydrometallurgical facility in Colorado, producing commercial-grade Dy and NdPr oxides from recycled swarf, and securing up to $1.6 billion in CHIPS Act funding alongside a $14.2 million Texas grant. Management announced the retirement of CEO Barbara Humpton effective October 1, 2026, to be succeeded by Thras Moraitis, while targeting 600 MTPA magnet capacity at Stillwater by Q4 2026 and a new Blacksburg facility commissioning in 2028.

24. Aug 10, 2026, 4:25 PM ET·FF·Basic Materials

    FutureFuel — Second Quarter 2026 Earnings Summary

    FUTUREFUEL CORP

    Total revenues surged 120.6% year-over-year to $78.7 million, while GAAP net income turned positive at $11.4 million ($0.25 per share) compared to a $14.2 million loss in Q2 2025; Adjusted EBITDA improved by $23.2 million to $11.8 million. The company expects positive Adjusted EBITDA for the full year 2026, with biofuels plant utilization projected to rise from 56% in Q2 and production rates exceeding Q2 levels in Q3. Management anticipates receiving $22 million in gross proceeds from the monetization of Section 45Z tax credits in the second half of 2026, alongside a $25 million customer investment in the Batesville facility with potential additional funding of $17 million in 2027. Elevated input costs remain a near-term headwind, though demand conditions are robust and the company maintains a 100% domestic production footprint with no outstanding borrowings on its $35 million credit facility.

25. Aug 10, 2026, 7:12 AM ET·AAON·Basic Materials

    AAON — Second Quarter 2026 Earnings Summary

    AAON INC

    Net sales surged 101.2% year-over-year to a record $627.0 million, while GAAP diluted EPS jumped 257.9% to $0.68 and operating income increased 192.1% to $68.9 million. Full-year 2026 net sales guidance was raised to 55%-60% (previously 40%-45%), though gross margin guidance was revised downward to 25%-26% (previously 27%-28%) to account for capacity ramp-up costs. BASX-branded sales grew 216.2% to $345 million driven by data center demand, contributing to a 98.0% year-over-year increase in total backlog to $2.0 billion. Year-to-date operating cash flow turned positive at $55.0 million, a significant improvement from the $31.0 million negative position in the prior year period. Management expects sequential margin improvement in the second half of 2026 driven by higher production volumes and capacity utilization, despite near-term pressure from Memphis facility overhead and inflationary costs.