Sizzle II: Trasteel H1 2026 revenue up 40%, EBITDA up 81% in unaudited results
Sizzle II filed a Trasteel press release, furnished under Item 7.01, reporting unaudited first-half 2026 results. Total revenue rose 40.0% to $1,192.4 million, operating profit rose to $37.0 million from $14.6 million, and EBITDA rose 80.8% to $50.7 million. Trasteel reaffirmed its full-year 2026 projections, and the business combination with Sizzle II is expected to close by the end of 2026, subject to Sizzle II shareholder approval.
Key points
- Total revenue of $1,192.4 million in H1 2026, up 40.0% from $851.8 million in H1 2025
- EBITDA of $50.7 million, up 80.8% from $28.0 million; operating profit of $37.0 million versus $14.6 million
- Gross profit of $105.9 million, up 36.9%, while gross profit as a percentage of total revenue slipped to 8.9% from 9.1%
- FY 2026 projections: revenue $2.1-2.5 billion, gross profit $200 million, EBITDA $80-85 million; results are unaudited and not PCAOB reviewed
The filing
Written by AI on Nov 9, 2026, 11:46 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 13, 2026.
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.