Quarterly ResultMay 8, 2026, 05:06 PM
Janel Q3 Revenue Up 13.2% to $57.44M; Diluted EPS Down 54.5% to $0.50
AI Summary
Janel Corporation reported a 13.2% increase in total revenues to $57.44 million for the three months ended March 31, 2026, driven by strong growth in its Logistics segment. However, diluted earnings per share available to common stockholders significantly decreased by 54.5% to $0.50. The company also completed the acquisition of a controlling interest in Rubicon Technology, Inc. in October 2025, which contributed an $849 thousand gain on consolidation.
Key Highlights
- Total revenues for Q3 2026 increased 13.2% to $57.44 million from $50.73 million in Q3 2025.
- Diluted EPS available to common stockholders for Q3 2026 decreased 54.5% to $0.50 from $1.10 in Q3 2025.
- Net income attributable to Janel Corporation for Q3 2026 was $717 thousand, down from $1.44 million in Q3 2025.
- Logistics segment revenues grew 16.9% to $51.48 million for Q3 2026.
- Life Sciences and Manufacturing segment revenues decreased 10.9% to $5.96 million for Q3 2026.
- Net cash used in operating activities for the six months ended March 31, 2026, was $9.70 million, compared to $7.07 million provided in the prior year.
- The company acquired a controlling 86.5% interest in Rubicon Technology, Inc. in October 2025, recognizing an $849 thousand gain on consolidation.
- Total stockholders' equity increased to $30.75 million as of March 31, 2026, from $25.80 million as of September 30, 2025.