Basic Materials Earnings Report — 2026-09-04 to 2026-10-19

25 most recent Basic Materials earnings

1. Oct 19, 2026, 6:52 AM ET·CLF·Basic Materials

   Cleveland-Cliffs — Third Quarter 2026 Earnings Summary

   CLEVELAND-CLIFFS INC

   Consolidated revenues rose to $5.6 billion from $5.2 billion in Q2 2026, while GAAP net income swung to a $165 million profit from a $134 million loss in the prior quarter; Adjusted EBITDA improved $326 million to $612 million, and Steelmaking segment gross margin turned positive at $454 million versus a $56 million loss in Q3 2025. Management raised full-year guidance expectations, projecting Q4 2026 Adjusted EBITDA of approximately $715 million and anticipating 2027 Adjusted EBITDA to exceed $4 billion, driven by contract changes and price forecasts. The Company targets a leverage ratio under 2.5x net debt to EBITDA by mid-2027, supported by expected amplified free cash flow in Q4 2026 and anticipated major debt reduction from property sale proceeds. Strategic adjustments included idling galvanizing lines at Stelco due to an oversupplied Canadian market, while the subsidiary returned to positive EBITDA contribution for the quarter.

2. Oct 16, 2026, 5:15 PM ET·NB·Basic Materials

   NioCorp Developments Ltd. — Three Months Ended September 30, 2026 Earnings Summary

   NIOCORP DEVELOPMENTS LTD

   Reported net income of $3.7 million ($0.03/share) for Q3 2026, a significant reversal from the $42.7 million net loss ($0.53/share) in the same period of 2025, driven primarily by $8.5 million in non-cash gains on liability-classified earnout shares and warrants versus $32.1 million in non-cash losses in the prior year. Operating and investing cash outflows totaled $12.0 million, covering general administrative costs and continued construction expenditures for the Elk Creek Project mine portal, while maintaining a cash balance of $405.1 million as of September 30, 2026. The Company remains in the development stage for the Elk Creek Project, targeting production of niobium, scandium, titanium, and rare earth products, though it faces material risks regarding project financing commitments, potential cost overruns, and regulatory compliance. Preliminary results are subject to adjustment prior to the formal filing of the Q3 2026 Form 10-Q on or before November 16, 2026, with no intention to provide preliminary results on a regular basis going forward.

3. Oct 15, 2026, 4:46 PM ET·LOOP·Basic Materials

   Loop Industries — Second Quarter Fiscal 2027 Earnings Summary

   LOOP INDUSTRIES INC

   Financial Results: Q2 2027 revenue reached $117,000 (up from $0 in Q2 2026), driven by engineering services to the India JV; six-month revenue was $296,000 (up $44,000 YoY). Net loss narrowed to $2,988,000 for the quarter (down $216,000 YoY) and $6,372,000 for the six months (down $279,000 YoY), while cash and cash equivalents declined to $836,000 as of August 31, 2026. Strategic Outlook: The India facility is rescaled to 45 KTA with construction targeted for completion by end of 2028 and startup scheduled for 2029; a second, larger facility is planned for the site pending successful initial commissioning. Capital Structure & Financing: A Special Committee is evaluating a full spectrum of financing alternatives (equity, debt, non-dilutive) to optimize capital structure; net cash provided by financing activities was $1.731 million for the six-month period, primarily from credit facility borrowings and ATM equity proceeds. Balance Sheet Position: Total assets decreased to $6.373 million and stockholders' deficit widened to $14.134 million as of August 31, 2026, compared to February 28, 2026, with total available liquidity standing at $1.9 million.

4. Oct 15, 2026, 4:35 PM ET·MSB·Basic Materials

   Mesabi Trust — Q3 2026 Earnings Summary

   MESABI TRUST

   No distribution was declared for the quarter ending November 2026, reversing the $0.34 per Unit distribution from the prior year, driven by a 66% year-over-year decline in total royalty payments received from Cliffs ($1.81 million vs. $5.30 million). The Trust received zero bonus royalty payments for the first and second quarters of fiscal 2026 as shipment prices remained below the $71.70 per ton threshold, with the third-quarter payment contingent on the receipt of the report due October 30, 2026. Trustees are maintaining adequate unallocated reserves to cover ongoing expenses and arbitration costs while citing significant uncertainty regarding Cliffs' vertical supply chain implementation and lack of visibility into Northshore operational plans. Future distributions remain highly volatile and subject to iron ore price fluctuations, global economic conditions, trade law changes, and potential tariffs, with no new strategic initiatives, M&A activity, or capital return programs announced.

5. Oct 15, 2026, 4:14 PM ET·AA·Basic Materials

   Alcoa Corporation — Third Quarter 2026 Earnings Summary

   ALCOA CORP

   Revenue reached $3.7 billion (up 24% YoY, down 7% QoQ), while net income rose to $483 million ($1.81/share), a 24% increase from Q3 2025 and 19% from Q2 2026; Adjusted EBITDA was $789 million, up significantly from $270 million YoY but down $112 million QoQ. The company reaffirmed full-year 2026 production and shipment guidance for both Alumina and Aluminum segments, though Q4 2026 Aluminum Adjusted EBITDA is expected to decline sequentially by approximately $30 million due to higher raw material costs and planned maintenance. Strategic progress includes South32 shareholder approval of the AliGroup acquisition, with closing targeted for H1 2027, funded by $2.6 billion in new senior notes issued in September 2026. Capital return and balance sheet updates include a $4.4 billion cash balance, $315 million in potential proceeds from the sale of Massena East assets, and a net debt position of $414 million.

6. Oct 15, 2026, 9:08 AM ET·SNES·Basic Materials

   SenesTech — Q3 2026 Earnings Summary

   SENESTECH INC

   Preliminary Q3 2026 revenue reached a record $1.1 million, marking the first quarter exceeding the $1 million threshold with 40% sequential and 55% year-over-year growth. Management anticipates continued momentum driven by expanding e-commerce subscription revenue and increasing traction in the B2B segment, with improved metrics expected as transition costs subside. Definitive financial results, including earnings, margins, and cash flow, remain unaudited and are scheduled for release the week of November 9, 2026. The company faces risks related to establishing a new product category, potential market acceptance, and the ability to fund operations while scaling its professional B2B sales organization.

7. Oct 15, 2026, 8:03 AM ET·FMC·Basic Materials

   FMC Corporation — Third Quarter 2026 Earnings Summary

   FMC CORP

   Revised Q3 2026 revenue guidance set between $65 million and $125 million, with Adjusted EBITDA expected to range from negative $565 million to negative $510 million due to $625 million–$675 million in charges from commercial actions. Management identified a triggering event for intangible asset impairment as of September 30, 2026, noting a potential material non-cash charge that cannot yet be reasonably estimated. Strategic commercial actions are being implemented in Brazil, Argentina, the U.S., and Canada to lower prices and clear channel inventory, aiming to accelerate replenishment demand and complete transformation by 2027–2028. The company expects to remain compliant with debt covenants as of September 30, 2026, but intends to engage with its bank group over the next year regarding potential covenant modifications. Preliminary 2027 and 2028 guidance will be provided on October 30, 2026, following the detailed Q3 earnings report on October 29, 2026.

8. Oct 15, 2026, 8:01 AM ET·CMC·Basic Materials

   Commercial Metals Company — Fiscal 2026 Earnings Summary

   COMMERCIAL METALS CO

   Fiscal 2026 net earnings surged to $655.8 million from $84.7 million in fiscal 2025, while consolidated core EBITDA rose 67% to $1.4 billion with a 14.5% margin; Q4 net earnings reached $212.5 million, up 40% year-over-year, driven by 25.7% higher net sales to $2.658 billion. Management projects fiscal 2027 as another strong year supported by a healthy market backdrop, though Q1 2027 guidance indicates nearly flat North America Steel EBITDA, sequential declines in Construction Solutions EBITDA, and growth in Europe Steel EBITDA. Strategic capital allocation included $2.516 billion in acquisitions, $579.8 million in capital expenditures, and $26.7 million in share repurchases, leaving $702.1 million available under the repurchase authorization alongside a declared $0.20 quarterly dividend. Segment performance varied: North America Steel saw 32.6% EBITDA growth and 15.5% backlog volume increases; Construction Solutions posted 100.9% EBITDA growth despite regional residential softness; Europe Steel EBITDA declined due to the absence of a prior-year CO2 credit, while Tensar profitability increased approximately 50%. The company ended the quarter with net leverage at 1.9x, below its 2x target, and reported $778.9 million in cash and over $2.0 billion in available liquidity, supported by record backlog levels and improved trade policies in Europe.

9. Oct 13, 2026, 5:08 PM ET·NUCL·Basic Materials

   Eagle Nuclear Energy Corp. — Third Quarter 2026 Earnings Summary

   EAGLE NUCLEAR ENERGY CORP

   Cash balance reached $25.5 million as of August 31, 2026, with no outstanding interest-bearing debt; specific revenue and earnings figures are deferred to the October 13, 2026, 10-Q filing. Aurora Project Pre-Feasibility Study (PFS) remains on track for completion in the second half of 2027, pending necessary Oregon state regulatory approvals for drilling. Strategic partnerships expanded in July 2026 with Yukuskon, BBA USA, and SLR International for PFS execution, while LSN Partners was appointed in September to lead government affairs. Company inclusion in the Sprott Junior Uranium Miners ETF (URNJ) and Solactive Global Uranium & Nuclear Components Index qualifies it for the $5 billion Global X Uranium ETF (URA). Management continues advancing an integrated nuclear platform combining domestic uranium resources with proprietary SMR technology, supported by AI-enabled modeling from Tensor Medium Corporation.

10. Oct 13, 2026, 7:40 AM ET·WTTR·Basic Materials

    Select Water Solutions — Q3 2026 Earnings Summary

    SELECT WATER SOLUTIONS INC

    The company announced an intended offering of $800 million in Senior Notes due 2034, subject to market conditions, with proceeds designated to fund the Pilot Water Solutions LLC acquisition, repay outstanding term loans and revolving credit facility obligations, and cover transaction costs. The Notes Offering is structured as a non-contingent transaction relative to the Pilot Water Acquisition, though the agreement includes a redemption trigger requiring the issuer to redeem $350 million of the notes (total issued less $450 million) at 100% of issue price plus accrued interest if the acquisition is not completed by March 1, 2027. The press release contains no financial performance data, earnings guidance, segment performance metrics, or management commentary regarding quarterly results.

11. Oct 9, 2026, 7:10 AM ET·AVNT·Basic Materials

    Avient Corporation — Third Quarter 2026 Earnings Summary

    AVIENT CORP

    Avient reaffirmed its full year and third quarter 2026 financial guidance previously issued on August 6, 2026, with specific revenue, earnings, or margin figures not disclosed in this summary. The company announced a leadership transition appointing Mike Frank as President and CEO effective immediately, succeeding Dr. Ashish K. Khandpur, who will remain in an advisory role through year-end 2026. New CEO Frank intends to sharpen execution, accelerate market adoption of the product pipeline, and drive continued margin expansion across the specialty portfolio. Upcoming events include the release of third quarter 2026 earnings and a webcast scheduled for 8:00 a.m. Eastern Time on Wednesday, November 4, 2026.

12. Oct 8, 2026, 4:12 PM ET·ODC·Basic Materials

    Oil-Dri Corporation of America — Fiscal Year 2026 Earnings Summary

    OIL-DRI CORP OF AMERICA

    Consolidated net sales reached a record $493.8 million (up 2% YoY) and net income hit a record $57.0 million (up 6% YoY), driven by strong growth in the Retail and Wholesale segment and record co-packaged cat litter sales, despite a 4% decline in gross margins to 27.8%. Diluted EPS rose 6% to $3.92 for the full year and 12% to $1.00 in the fourth quarter, while operating income remained flat at $68.0 million annually but surged 17% to $18.2 million in Q4. The company returned value to shareholders through two dividend increases, $12.6 million in share repurchases, and $10.4 million in dividends paid, while cash and cash equivalents grew to a historic high of $73.7 million. Headwinds included a 1% decline in domestic clay litter sales due to distribution changes and pricing strategies, alongside a 4% per ton increase in cost of goods sold driven by higher manufacturing and freight costs. Management highlighted a diverse product portfolio and disciplined expense management as key drivers for historic cash generation, with capital expenditures totaling $34.2 million and a virtual earnings discussion scheduled for October 9, 2026.

13. Oct 8, 2026, 8:00 AM ET·NG·Basic Materials

    NOVAGOLD — Third Quarter 2026 Earnings Summary

    NOVAGOLD RESOURCES INC

    Reported a net loss of $36.0 million ($0.08 EPS) with no revenue, while cash and term deposits rose to $343.4 million from $125.2 million year-over-year. Increased fiscal 2026 operating expenditure guidance by $11.5 million to approximately $110.0 million, driven by higher corporate G&A and legal fees, with Donlin Gold funding guidance unchanged at $78.8 million. Entered definitive agreements to acquire Paulson Advisers LLC's 40% Donlin Gold stake for 100% ownership in an all-share transaction expected to close by year-end 2026, pending shareholder and regulatory approvals. Bankable Feasibility Study (BFS) remains on schedule for 2027 completion, with management expecting elevated expenditures over the next 12–18 months and anticipating additional capital raises for detailed engineering. Projected to become the largest single gold mine in the U.S. with 1.3 million ounces annual production over the first 10 years, though permitting timelines for the Final SEIS and dam safety certificates extend into 2027 and 2028.

14. Oct 7, 2026, 6:30 AM ET·WS·Basic Materials

    Worthington Steel — First Quarter Fiscal 2027 Earnings Summary

    WORTHINGTON STEEL INC

    Net sales surged 212% year-over-year to $2,726.6 million, driven by the inclusion of Kloeckner, while core business sales (excluding Kloeckner) rose 9% on higher volumes and pricing; however, the quarter reported a net loss of $7.0 million and diluted loss per share of $0.14 compared to prior year earnings. Adjusted EBITDA increased to $111.0 million and operating income rose to $56.0 million year-over-year, though free cash flow turned negative at $69.0 million due to $63.0 million in capital expenditures and working capital changes. The company completed the acquisition of a majority interest in Kloeckner in June 2026 and entered into a Domination and Profit and Loss Transfer Agreement (DPLTA) in September 2026, with the Disposal Group expected to be sold within one year. Management anticipates realizing cost, operating, and revenue synergies from the Kloeckner Acquisition, though risks include potential delays in DPLTA effectiveness, integration challenges, and increased debt levels totaling $2,196.4 million. The company declared a quarterly dividend of $0.16 per share payable on December 28, 2026, while noting that Kloeckner's results included a $43 million net inventory fair value step-up impacting gross margin.

15. Oct 6, 2026, 9:44 AM ET·APOG·Basic Materials

    Apogee Enterprises — Fiscal 2027 Second Quarter Earnings Summary

    APOGEE ENTERPRISES INC

    Net sales rose 9.2% year-over-year to $391.1 million; adjusted diluted EPS increased 19.4% to $1.17, while reported diluted EPS declined 2.7% to $1.07 due to a prior-year nonrecurring tax credit. The company raised full-year fiscal 2027 guidance, increasing adjusted diluted EPS to $3.00–$3.40 and net sales to $1.46 billion–$1.50 billion, driven by strong first-half performance and contributions from Kalwall and Groglass acquisitions. Strategic growth was supported by the completed acquisition of Kalwall, which contributed $16.4 million to Architectural Glass sales, and the pending Groglass acquisition, alongside disciplined pricing and productivity initiatives. Capital allocation included $27.3 million returned to shareholders year-to-date via $16.1 million in share repurchases and $11.2 million in dividends, while consolidated leverage remained at 1.7x.

16. Oct 6, 2026, 6:53 AM ET·RPM·Basic Materials

    RPM International — Fiscal 2027 First Quarter Earnings Summary

    RPM INTERNATIONAL INC

    Net sales reached a record $2.216 billion (up 4.8% YoY), driven by 3.1% organic growth and 1.6% acquisition growth, while diluted EPS rose 13.6% to $2.01 and adjusted EBITDA hit a record $405.5 million (up 4.5% YoY). Fiscal 2027 full-year guidance was raised to mid-single-digit sales growth (previously 3% to 7%) and mid-single-digit adjusted EBITDA growth (previously 5% to 10%), with Q2 projected to see low- to mid-single-digit increases in both metrics. Performance Coatings Group (PCG) led growth with 10.2% sales increase and 18.2% EBITDA growth, whereas Construction Products Group (CPG) faced headwinds with a 1.7% organic sales decline and 9.7% EBITDA drop due to market slowdowns. Capital allocation included $90.5 million returned to stockholders (up 10.2% YoY) alongside a reduction in total debt to $2.41 billion and an increase in liquidity to $1.21 billion. Strategic updates include the June 1, 2026, reorganization of Latin America businesses into PCG, completion of the Volteco acquisition, and expectations for CPG to return to positive organic growth by year-end.

17. Oct 2, 2026, 8:39 AM ET·TMQ·Basic Materials

    Trilogy Metals — Third Quarter Fiscal 2026 Earnings Summary

    TRILOGY METALS INC

    Reported net income of $0.2 million for the three months ended August 31, 2026, reversing a $1.7 million loss in the prior year period, though a $13.2 million net loss was recorded for the nine-month period compared to $7.5 million in 2025. Closed a strategic equity investment with the U.S. Department of War on September 11, 2026, raising approximately $17.8 million through the issuance of 8.2 million units, resulting in the DOW holding 9.1% of outstanding shares and securing a board observer seat. Established a coordinated federal and state permitting schedule targeting a Record of Decision for the Arctic Project in September 2028, with the U.S. Army Corps of Engineers formally commencing the NEPA review in September 2026. Maintains a cash balance of $31.2 million as of August 31, 2026, providing sufficient liquidity for the next twelve months, though future funding may require additional equity or debt financing. Recognized a $11.6 million gain on derivatives for the three-month period, offset by a $9.6 million share of loss on the Ambler Metals equity investment for the same period.

18. Oct 2, 2026, 8:35 AM ET·FCX·Basic Materials

    Freeport-McMoRan — Third-Quarter 2026 Earnings Summary

    FREEPORT-MCMORAN INC

    Consolidated copper production met expectations at 830 million pounds, while gold sales of 100,000 ounces fell below July estimates due to a 60,000-ounce deferral to Q4, driving unit net cash costs 5% above the $2.00/lb guidance. Grasberg Block Cave throughput averaged 140,000 metric tons daily (67% of pre-incident normalized rates), with smelter operations restarted and full capacity targeted by year-end 2027. Strategic initiatives include a targeted investment decision to double Bagdad capacity by year-end 2026 and advancing regulatory processes for a transformative El Abra expansion in Chile. U.S. operations faced lower rates due to weather-related disruptions, whereas international operations delivered slightly better results, with Indonesia's dry conditions managed despite milling challenges.

19. Oct 1, 2026, 8:55 AM ET·CAPS·Basic Materials

    Capstone Holding Corp. — July–August 2026 Earnings Summary

    CAPSTONE HOLDING CORP

    Organic revenue grew 7.6% year-over-year to $14.0 million for July–August 2026, while year-to-date organic revenue rose 4.6% to $48.1 million; year-to-date organic gross profit increased 6.5% to $12.5 million, outpacing revenue growth. GAAP consolidated net sales reached $13.96 million for the two-month period (up from $8.71 million) and $48.11 million year-to-date (up from $29.46 million), with GAAP gross profit rising to $3.51 million and $12.48 million respectively. Strategic expansion includes converting a Pacific Northwest warehouse into a full-scale distribution hub and diversifying Carolina Stone into siding, aiming to generate additional revenue without a proportionate cost increase. Management highlighted strong progress against growth and profitability objectives despite broader market contraction, though preliminary figures remain unaudited and subject to change pending financial closing. No specific quarterly guidance was provided; full third-quarter results will be reported in the Form 10-Q, with interim updates offered at management's discretion.

20. 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.

21. 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.

22. 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.

23. 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.

24. 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.

25. 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.