Nov 4, 6:05 AM ET
Qnity Electronics reported third-quarter 2026 net sales of $1.56 billion, representing a 22% increase year-over-year, alongside GAAP net income of $196 million. Driven by this performance, the company raised its full-year financial guidance across net sales, adjusted operating EBITDA, adjusted EPS, and adjusted free cash flow. Shareholders saw mixed indicators as GAAP EPS fell 14% to $0.87 while adjusted EPS rose 55% to $1.46.
- Third-quarter 2026 net sales reached $1,556 million, up 22% compared to the prior-year period.
- GAAP net income for Q3 2026 was $196 million, with diluted GAAP EPS of $0.87.
- Full-year 2026 net sales guidance was set at $5.77 billion to $5.83 billion.
Read the filing on SEC.gov ↗
Aug 21, 7:09 AM ET
Qnity Electronics appointed Ken Rizvi as Senior Vice President and Chief Financial Officer, effective October 1, 2026. Rizvi was most recently CFO of Synaptics, a role he has held since July 2024, and Michael Goss, the current interim CFO, will move to Vice President, Finance & Controllership and Principal Accounting Officer. The filing discloses a $10.0 million equity buyout award and a $600,000 base salary for Rizvi, but no financial results or guidance.
- Ken Rizvi becomes Senior Vice President and CFO effective October 1, 2026.
- Michael Goss stops serving as interim CFO on the effective date and becomes Vice President, Finance & Controllership and Principal Accounting Officer.
- Rizvi's package includes a $600,000 annual base salary, a 90% target short-term incentive, and a $10.0 million equity buyout award split 60% restricted stock units and 40% performance stock units.
- Rizvi also receives a 2026 annual long-term incentive award valued at $5.5 million.
Read the filing on SEC.gov ↗
Aug 4, 6:02 AM ET
Qnity reported second-quarter 2026 net sales of $1.4 billion, up 22% from a year earlier, and raised its full-year 2026 guidance. GAAP net income fell 31% to $136 million, while adjusted earnings rose 53% to $250 million, so shareholders see strong sales and a higher outlook alongside lower reported profit.
- Q2 2026 net sales were $1.429 billion, up from $1.170 billion in Q2 2025.
- GAAP diluted EPS was $0.59, down from $0.90; adjusted EPS was $1.19, up from $0.78 on a pro forma basis.
- Full-year 2026 guidance: net sales $5.55 billion to $5.65 billion; adjusted EPS $4.40 to $4.60; adjusted free cash flow $600 million to $700 million.
Read the filing on SEC.gov ↗
Jul 1, 4:29 PM ET
On July 1, 2026, Qnity Electronics entered into Repricing Amendment No. 1 to its October 31, 2025 credit agreement with JPMorgan Chase Bank, N.A. The amendment lowers the interest margin on all $2,338,250,000 of outstanding term loans, and the company says other loan terms are not materially changed. Lower borrowing costs can help free cash for shareholders, though the filing does not quantify the savings.
- All $2,338,250,000 of term loans outstanding before July 1, 2026 were repriced.
- Term SOFR margin falls from 2.00% to 1.75%; Base Rate Loan margin falls from 1.00% to 0.75%.
- A 1.00% premium applies to certain repricing-related prepayments or amendments through six months after the closing date.
- Other terms, including maturity, security and covenants, are described as materially unchanged.
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.