Press Release: Versigent Reports Second Quarter 2026 Results

Dow Jones
08/04

Delivers 11% Net Sales Growth; Raises and Tightens Full-Year 2026 Net Sales Guidance; Initiates Quarterly Dividend

SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)--August 04, 2026-- 

Versigent PLC $(VGNT)$, a global leader in the design and manufacture of low-- and high--voltage electrical architectures, today reported results for its second quarter ended June 30, 2026.

Highlights

Second Quarter 2026

   --  Net sales of $2,444 million, up 10.8% year-over-year 
 
          --  Adjusted Net Sales Growth1 of approximately 5% year-over-year 
 
 
 
   --  Net income attributable to Versigent of $118 million, up 10.3% 
      year-over-year 
 
   --  Diluted Earnings Per Share of $1.64, Adjusted Diluted EPS1 of $1.92 
 
   --  Adjusted EBITDA1 of $272 million, up 24.8% year-over-year 
 
          --  Adjusted EBITDA1 margin of 11.1%, up 120 basis points 
             year-over-year 
 
 
 
   --  Net cash provided by operating activities of $158 million, compared to 
      $150 million in Q2 2025 
 
   --  Free Cash Flow1 of $107 million, relatively flat year-over-year 
 
   --  Board of Directors declared inaugural quarterly cash dividend of $0.13 
      per share 

Full Year 2026 Guidance

   --  Raised and tightened net sales guidance based on higher commodity 
      pass-throughs and foreign currency impacts 
 
   --  Reaffirmed guidance for Adjusted EBITDA1 and Free Cash Flow1 

"Versigent's solid second-quarter results demonstrate our continued ability to unlock greater value, even in a dynamic environment," said Joseph Liotine, Chief Executive Officer, Versigent. "Customers trust our ability to turn complexity into certainty. This is reflected in our strong net sales growth, evidenced by our expanding book of business and earned every day by our deep commitment to disciplined execution. Strategic investments in advanced engineering, operational excellence and an in-region, for-region supply chain fortifies our long-term competitive position as a proven innovator defining the future of advanced power and data solutions."

"Our double-digit net sales growth, underpinned by strong margins and cash generation, reflects the strength of our business and the value of our differentiated capabilities," said Doug Ostermann, Chief Financial Officer, Versigent. "We are off to a strong start as an independent company and based on our performance to date and outlook for the remainder of the year, we are raising and tightening our full-year net sales guidance. Our Board's decision to initiate a quarterly dividend reflects the durability of our cash flow profile and the strength of our balance sheet. Guided by a disciplined approach to capital allocation, we will continue to prioritize investment in our business while returning capital to shareholders to drive long-term value creation."

 
1) Non-GAAP measure - Refer to "Reconciliation of Non-GAAP Financial Measures" 
for a detailed reconciliation of these measures to the most directly 
comparable U.S. GAAP measure for historical periods, as applicable, and a 
discussion of why management believes these non-GAAP measures are useful. 
 

Second Quarter 2026 Results

Versigent delivered second quarter 2026 net sales of $2,444 million, an increase of 10.8% compared to the second quarter of 2025. Adjusted Net Sales Growth(1) was approximately 5% year-over-year. Growth was driven by higher volumes in North America and Asia Pacific reflecting stronger customer demand despite lower global automotive production.

Net income attributable to Versigent increased to $118 million in the second quarter from $107 million in the prior-year quarter. Net income margin was 4.8%, down 10 basis points year-over-year, primarily due to higher interest expense and income tax expense in the second quarter of 2026. Diluted earnings per share was $1.64 and Adjusted Diluted EPS(1) was $1.92 for the second quarter of 2026.

Adjusted EBITDA(1) totaled $272 million, compared to $218 million in the prior year quarter. Adjusted EBITDA(1) margin was 11.1% compared to 9.9% in the prior-year quarter. Adjusted EBITDA(1) margin reflected disciplined operating execution and higher volumes, despite headwinds related to commodity costs.

Interest expense totaled $36 million, compared to $1 million in the second quarter of 2025. The increase was primarily attributable to the Company's senior notes and credit facility issued in the first quarter of 2026.

Income tax expense for the quarter was $46 million, compared to $21 million in the prior-year period. The increase was primarily due to higher earnings in 2026 and a net unfavorable change in discrete tax items relative to the prior-year period.

Net cash provided by operating activities totaled $158 million, compared to $150 million in the prior-year period. Capital expenditures were $51 million, compared to $42 million in the prior-year quarter. Free Cash Flow(1) was $107 million, relatively flat year-over-year. Free Cash Flow(1) for the second quarter of 2026 included $22 million of separation-related costs.

Dividend

On August 3, the Company's Board of Directors declared an inaugural quarterly cash dividend of $0.13 per ordinary share, payable on September 18, 2026 to shareholders of record at the close of business on September 4, 2026.

The declaration and payment of future dividends are subject to the discretion of the Company's Board of Directors and will depend on the Company's financial condition, results of operations, cash requirements, and other factors deemed relevant by the Board of Directors.

Updated Full Year 2026 Guidance

 
                                                    Previous Guidance (May 5 
(in millions)                 Current Guidance                '26) 
--------------------------  --------------------  ---------------------------- 
Net sales                     $9,400 - $9,600           $9,100 - $9,400 
Adjusted EBITDA(1,a)           $950 - $1,030             $950 - $1,030 
Free Cash Flow(1,a)             $200 - $300               $200 - $300 
(a) Forward-looking non-GAAP measure. The Company does not provide a 
reconciliation of such forward-looking measure to the most directly comparable 
financial measure calculated and presented in accordance with U.S. GAAP 
because to do so would be potentially misleading and not practical given the 
difficulty of projecting event-driven transactional and other non-core 
operating items in any future period. The magnitude of these items, however, 
may be significant. Refer to "Reconciliation of Non-GAAP Financial Measures" 
for definitions of Non-GAAP financial measures. 
 

Conference Call and Webcast

Versigent's management team will host a conference call to discuss its second quarter 2026 financial results today, Tuesday, August 4, 2026, at 9:00 a.m. Eastern Time.

A live webcast and related presentation materials will be available on Versigent's Investor Relations website at ir.versigent.com. A replay of the webcast will be available on the same website approximately two hours after the call concludes.

To participate by telephone, please dial +1-800-330-6710 (U.S.) or +1-213-279-1505 (International) at least 15 minutes prior to the start of the call and reference the Versigent conference call. The conference ID number is 1768848.

About Versigent

Versigent is a global leader in the purposeful design and advanced manufacturing of low and high voltage electrical architectures. Building on a legacy of engineering excellence and trusted partnerships, Versigent delivers versatile, intelligent solutions engineered to unlock greater capabilities for our customers. Powering one in six passenger vehicles in production today, Versigent's high performance signal, power, and data distribution systems are trusted by industry leaders across automotive, commercial vehicles, agriculture and energy storage. With engineering and manufacturing centers on four continents and operations in more than 25 countries, Versigent's approximately 138,000 employees match global scale with regional responsiveness to deliver consistent quality and reliable performance connecting the world to faster, smarter and safer experiences. Visit www.versigent.com.

Use of Non--GAAP Financial Measures

In addition to its reported results calculated in accordance with U.S. GAAP, the Company has included in this press release Adjusted Net Sales Growth, Adjusted EBITDA, Adjusted Net Income and Adjusted Diluted EPS, performance measures, and Free Cash Flow, a liquidity measure, that the Securities and Exchange Commission defines as "non-GAAP financial measures". Adjusted Net Sales Growth represents the change in reported net sales relative to the comparable period, excluding the impact on net sales from currency exchange and commodity movements. Adjusted EBITDA represents net income (loss) attributable to Versigent before depreciation and amortization (including asset impairments), interest expense, income tax (expense) benefit, net (loss) income attributable to noncontrolling interest, other income (expense), net, equity income (loss), net of tax, restructuring, separation costs related to the Spin-Off, other acquisition and portfolio project costs (which includes costs incurred to integrate acquired businesses and to plan and execute product portfolio transformation actions, including business and product acquisitions and divestitures) and other special items. Adjusted EBITDA margin represents Adjusted EBITDA as a percentage of net sales. Adjusted Net Income represents net (loss) income attributable to Versigent before amortization, restructuring, separation costs related to the Spin-Off, other acquisition and portfolio project costs (which includes costs incurred to integrate acquired businesses and to plan and execute product portfolio transformation actions, including business and product acquisitions and divestitures) and other special items, including the tax impact thereon. Adjusted Diluted EPS represents Adjusted Net Income divided by the weighted average number of diluted shares outstanding

for the period. Free Cash Flow represents net cash provided by (used in) operating activities less capital expenditures.

Management believes these non-GAAP financial measures are useful to both management and investors in their analysis of the Company's financial position, results of operations and liquidity. In particular, management believes Adjusted Net Sales Growth, Adjusted EBITDA, Adjusted Net Income, Adjusted Diluted EPS and Free Cash Flow are useful measures in assessing the Company's ongoing financial performance that, when reconciled to the corresponding U.S. GAAP measure, provide improved comparability between periods through the exclusion of certain items that management believes are not indicative of the Company's core operating performance and that may obscure underlying business results and trends. Management also uses these non-GAAP financial measures for internal planning and forecasting purposes.

Such non-GAAP financial measures are reconciled to the most directly comparable U.S. GAAP financial measures in the attached supplemental schedules at the end of this press release. Non-GAAP financial measures should not be considered in isolation or as a substitute for our reported results prepared in accordance with U.S. GAAP and, as calculated, may not be comparable to other similarly titled measures of other companies.

Forward--Looking Statements

This press release contains forward-looking statements that reflect, when made, Versigent's current views with respect to current events, certain investments and acquisitions, business plans and financial performance. Such forward-looking statements are subject to many risks, uncertainties and factors relating to Versigent's operations and business environment, which may cause the actual results of Versigent to be materially different from any future results, expressed or implied, by such forward-looking statements. All statements that address future operating, financial or business performance or Versigent's strategies or expectations are forward-looking statements. In some cases, you can identify these statements by forward-looking words such as "may," "might, " "should," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "projects," "potential," "outlook" or "continue, " and other comparable terminology. Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, the following: disruptions in the supply of raw materials and other supplies integral to our products; future significant public health crises and other global health crises and the measures taken in response thereto; a prolonged recession and/or a downturn in global automotive sales; the volatile global economic environment and geopolitical conditions, including conditions affecting the credit market and global inflationary pressures; our reliance on relationships with collaborative partners and other third parties for product development and such parties' failure to perform; employee strikes and labor-related disruptions involving us or one or more of our customers affecting our operations; fluctuations in interest rates and foreign currency exchange rates; our failure to comply with the numerous laws and regulations to which we are subject; adverse developments affecting one or more of our suppliers; any adverse impact of legal proceedings and disputes in which we are involved; challenges to our historical and future tax positions by taxing authorities; an increase in our tax burden due to ongoing or future tax audits; our failure to attract and retain key salaried employees and management personnel; our failure to manage the transition to a standalone public company; and our failure to achieve some or all of the benefits expected from the Spin-Off. Additional factors are discussed under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in Versigent's filings with the Securities and Exchange Commission, including those set forth in the Company's Information Statement furnished with the Company's Registration Statement on Form 10-12B/A filed on March 6, 2026. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect Versigent. It should be remembered that the price of the ordinary shares and any income from them can go down as well as up. Versigent disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events and/or otherwise, except as may be required by law.

 
 
                       VERSIGENT PLC 
      CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS 
                        (Unaudited) 
 
                       Three Months    Six Months Ended June 
                      Ended June 30,            30, 
                     ----------------  --------------------- 
                      2026     2025     2026        2025 
                      -----    -----    -----       ----- 
                     (in millions, except per share amounts) 
Net sales            $2,444   $2,206   $4,656    $  4,230 
Operating expenses: 
    Cost of sales     2,123    1,943    4,091       3,718 
    Selling, 
     general and 
     administrative     100      104      197         209 
    Amortization         --        1        1           1 
    Restructuring        --       25       46          41 
    Separation 
     costs               22        2       48           7 
                      -----    -----    -----       ----- 
Total operating 
 expenses             2,245    2,075    4,383       3,976 
                      -----    -----    -----       ----- 
Operating income        199      131      273         254 
    Interest 
     expense            (36)      (1)     (41)         (3) 
    Other expense, 
     net                 (6)      --       (7)         (1) 
                      -----    -----    -----       ----- 
Income before 
 income taxes and 
 equity income          157      130      225         250 
    Income tax 
     expense            (46)     (21)     (37)        (50) 
                      -----    -----    -----       ----- 
Income before 
 equity income          111      109      188         200 
    Equity income, 
     net of tax           5        3        9           8 
                      -----    -----    -----       ----- 
Net income              116      112      197         208 
Net (loss) income 
 attributable to 
 noncontrolling 
 interest                (2)       5        1           6 
                      -----    -----    -----       ----- 
Net income 
 attributable to 
 Versigent           $  118   $  107   $  196    $    202 
                      =====    =====    =====       ===== 
 
Basic earnings per 
share: 
    Basic earnings 
     per share 
     attributable 
     to Versigent    $ 1.66   $ 1.51   $ 2.76    $   2.85 
                      -----    -----    -----       ----- 
    Weighted 
     average number 
     of basic 
     shares 
     outstanding 
     (1)              70.90    70.89    70.90       70.89 
                      =====    =====    =====       ===== 
 
Diluted earnings 
per share: 
    Diluted 
     earnings per 
     share 
     attributable 
     to Versigent    $ 1.64   $ 1.51   $ 2.75    $   2.85 
                      -----    -----    -----       ----- 
    Weighted 
     average number 
     of diluted 
     shares 
     outstanding 
     (1)              71.88    70.89    71.39       70.89 
                      =====    =====    =====       ===== 
 
 
(1)    For periods prior to the Spin-Off, the denominator for basic and 
       diluted earnings per share was calculated using the 70.89 million 
       Versigent ordinary shares outstanding immediately following the April 
       1, 2026 Spin-Off. 
 
 
 
 
                              VERSIGENT PLC 
                  CONDENSED CONSOLIDATED BALANCE SHEETS 
 
                                            June 30,       December 31, 
                                               2026             2025 
                                          -------------  ----------------- 
                                           (Unaudited) 
                                                   (in millions) 
ASSETS 
Current assets: 
   Cash and cash equivalents               $       554    $         276 
   Accounts receivable, net                      1,877            1,567 
   Inventories                                     772              772 
   Other current assets                            337              158 
                                              --------       ---------- 
      Total current assets                       3,540            2,773 
Long-term assets: 
   Property, net                                   901              901 
   Operating lease right-of-use assets             192              168 
   Investments in affiliates                       149              143 
   Intangible assets, net                            6                7 
   Deferred tax assets                             443              384 
   Other long-term assets                          128              109 
                                              --------       ---------- 
      Total long-term assets                     1,819            1,712 
                                              --------       ---------- 
      Total assets                         $     5,359    $       4,485 
                                              ========       ========== 
LIABILITIES AND EQUITY 
Current liabilities: 
   Short-term debt                         $       153    $          58 
   Accounts payable                              1,666            1,530 
   Accrued liabilities                             713              578 
                                              --------       ---------- 
      Total current liabilities                  2,532            2,166 
Long-term liabilities: 
   Long-term debt                                2,071                3 
   Pension benefit obligations                     214              217 
   Long-term operating lease liabilities           144              130 
   Other long-term liabilities                     114              121 
                                              --------       ---------- 
      Total long-term liabilities                2,543              471 
                                              --------       ---------- 
      Total liabilities                          5,075            2,637 
                                              --------       ---------- 
Commitments and contingencies 
Shareholders' equity: 
   Preferred shares, $0.01 par value per 
   share, 50,000,000 shares authorized, 
   none issued and outstanding                      --               -- 
   Ordinary shares, $0.01 par value per 
   share, 1,200,000,000 shares 
   authorized, 70,925,978 issued and 
   70,815,717 outstanding as of June 30, 
   2026                                              1               -- 
                                              --------       ---------- 
   Additional paid-in-capital                      143               -- 
   Retained earnings                               118               -- 
   Former Parent's net investment                   --            1,925 
   Accumulated other comprehensive loss           (177)            (268) 
                                              --------       ---------- 
   Total Versigent shareholders' equity             85            1,657 
Noncontrolling interest                            199              191 
                                              --------       ---------- 
      Total shareholders' equity                   284            1,848 
                                              --------       ---------- 
Total liabilities and shareholders' 
 equity                                    $     5,359    $       4,485 
                                              ========       ========== 
 
 
 
 
                               VERSIGENT PLC 
              CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS 
                                (Unaudited) 
 
                                              Six Months Ended June 30, 
                                         ----------------------------------- 
                                                2026               2025 
                                         -------------------  -------------- 
                                                    (in millions) 
Net cash provided by operating 
 activities                               $          194       $      190 
                                             -----------          ------- 
Cash flows from investing activities: 
   Capital expenditures                             (117)             (79) 
                                             -----------          ------- 
Net cash used in investing activities               (117)             (79) 
                                             -----------          ------- 
Cash flows from financing activities: 
   Net proceeds (repayments) under 
    short-term debt agreements                        86             (132) 
   Net repayments under long-term debt 
    agreements                                        --               (1) 
   Proceeds from issuance of senior 
   notes and credit agreement, net of 
   issuance costs                                  2,063               -- 
   Cash distribution paid to Former 
    Parent                                        (1,894)              -- 
   Net transfers (to) from Former 
    Parent                                           (47)             134 
   Dividend payments of consolidated 
    affiliates to minority 
    shareholders                                      (4)              -- 
   Taxes withheld and paid on 
    employees' restricted share awards                (1)              -- 
                                             -----------          ------- 
Net cash provided by financing 
 activities                                          203                1 
                                             -----------          ------- 
Effect of exchange rate fluctuations on 
 cash and cash equivalents                            (2)              15 
                                             -----------          ------- 
Increase in cash and cash equivalents                278              127 
Cash and cash equivalents at beginning 
 of the period                                       276              201 
                                             -----------          ------- 
Cash and cash equivalents at end of the 
 period                                   $          554       $      328 
                                             ===========          ======= 
 
 

VERSIGENT PLC

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES

(Unaudited)

In this press release the Company has provided information regarding certain non-GAAP financial measures, including Adjusted Net Sales Growth, Adjusted EBITDA, Adjusted Net Income, Adjusted Diluted EPS and Free Cash Flow. Such non-GAAP financial measures are reconciled to the most directly comparable U.S. GAAP financial measure in the following schedules.

Adjusted Net Sales Growth: Adjusted Net Sales Growth is presented as a supplemental measure of the Company's financial performance which management believes is useful to investors in assessing the Company's ongoing financial performance that, when reconciled to the corresponding U.S. GAAP measure, provides improved comparability between periods through the exclusion of certain items that management believes are not indicative of the Company's core operating performance and which may obscure underlying business results and trends. Our management utilizes Adjusted Net Sales Growth in its financial decision-making process, to evaluate performance of the Company and for internal reporting, planning and forecasting purposes. Adjusted Net Sales Growth is defined as the change in reported net sales relative to the comparable period, excluding the impact on net sales from foreign currency and commodity movements. Not all companies use identical calculations of Adjusted Net Sales Growth, therefore this presentation may not be comparable to other similarly titled measures of other companies.

 
 
                                     Three Months Ended    Six Months Ended 
                                        June 30, 2026        June 30, 2026 
                                    --------------------  ------------------ 
 
Reported net sales year-over-year 
 % change                                  11%                  10% 
   Less: impact of foreign 
    currency movements                     (2)%                 (2)% 
   Less: impact of commodity 
    movements                              (4)%                 (4)% 
                                    ---------    -------  --------  ------ 
Adjusted Net Sales Growth                   5%                   4% 
                                    =========   ========  ======== ======= 
 
 

Adjusted EBITDA: Adjusted EBITDA is presented as a supplemental measure of the Company's financial performance which management believes is useful to investors in assessing the Company's ongoing financial performance that, when reconciled to the corresponding U.S. GAAP measure, provides improved comparability between periods through the exclusion of certain items that management believes are not indicative of the Company's core operating performance and which may obscure underlying business results and trends. Our management utilizes Adjusted EBITDA in its financial decision-making process, to evaluate performance of the Company and for internal reporting, planning and forecasting purposes. Adjusted EBITDA is defined as net income (loss) attributable to Versigent before depreciation and amortization (including asset impairments), interest expense, income tax (expense) benefit, net (loss) income attributable to noncontrolling interest, other income (expense), net, equity income (loss), net of tax, restructuring, separation costs related to the Spin-Off, other acquisition and portfolio project costs (which includes costs incurred to integrate acquired businesses and to plan and execute product portfolio transformation actions, including business and product acquisitions and divestitures) and other special items. Not all companies use identical calculations of Adjusted EBITDA, therefore this presentation may not be comparable to other similarly titled measures of other companies. Adjusted EBITDA margin represents Adjusted EBITDA as a percentage of net sales.

 
 
                     Three Months Ended June 
                               30,             Six Months Ended June 30, 
                    -------------------------  ------------------------- 
                        2026         2025          2026         2025 
                    ------------  -----------  ------------  ----------- 
                                       (in millions) 
Net income 
 attributable to 
 Versigent          $  118        $  107       $  196        $  202 
   Interest 
    expense             36             1           41             3 
   Income tax 
    expense             46            21           37            50 
   Net (loss) 
    income 
    attributable 
    to 
    noncontrolling 
    interest            (2)            5            1             6 
   Depreciation 
    and 
    amortization        51            59          112           111 
                     -----  ----   -----  ---   -----  ----   -----  --- 
EBITDA              $  249        $  193       $  387        $  372 
                     -----  ----   -----  ---   -----  ----   -----  --- 
   Other expense, 
    net                  6            --            7             1 
   Equity income, 
    net                 (5)           (3)          (9)           (8) 
   Restructuring        --            25           46            41 
   Separation 
    costs               22             2           48             7 
   Net gain on 
    lease 
    terminations        --            --           (4)           -- 
   Other 
    acquisition 
    and portfolio 
    project costs       --             1           --             3 
                     -----  ----   -----  ---   -----  ----   -----  --- 
Adjusted EBITDA     $  272        $  218       $  475        $  416 
                     =====  ====   =====  ===   =====  ====   =====  === 
Memo: 
Net sales           $2,444        $2,206       $4,656        $4,230 
Net income margin      4.8%          4.9%         4.2%          4.8% 
Adjusted EBITDA 
 margin               11.1%          9.9%        10.2%          9.8% 
 
 

Adjusted Net Income and Adjusted Diluted EPS: Adjusted Net Income and Adjusted Diluted EPS, which are non-GAAP financial measures, are presented as supplemental measures of the Company's financial performance which management believes are useful to investors in assessing the Company's ongoing financial performance that, when reconciled to the corresponding U.S. GAAP measure, provide improved comparability between periods through the exclusion of certain items that management believes are not indicative of the Company's core operating performance and which may obscure underlying business results and trends. Management utilizes Adjusted Net Income and Adjusted Diluted EPS in its financial decision-making process, to evaluate performance of the Company and for internal reporting, planning and forecasting purposes. Adjusted Net Income represents net (loss) income attributable to Versigent before amortization, restructuring, separation costs related to the Spin-Off, other acquisition and portfolio project costs (which includes costs incurred to integrate acquired businesses and to plan and execute product portfolio transformation actions, including business and product acquisitions and divestitures) and other special items, including the tax impact thereon. Adjusted Diluted EPS is defined as Adjusted Net Income divided by the weighted average number of diluted shares outstanding, for the period. Not all companies use identical calculations of Adjusted Net Income and Adjusted Diluted EPS, therefore this presentation may not be comparable to other similarly titled measures of other companies.

 
                        Three Months Ended   Six Months Ended June 
                             June 30,                 30, 
                        -------------------  --------------------- 
                           2026      2025       2026       2025 
                        ----------  -------  ----------  --------- 
                         (in millions, except per share amounts) 
Net income 
 attributable to 
 Versigent              $  118      $  107   $  196      $  202 
Adjusting items: 
   Amortization             --           1        1           1 
   Restructuring            --          25       46          41 
   Separation costs         22           2       48           7 
   Other acquisition 
    and portfolio 
    project costs           --           1       --           3 
   Asset impairments        --           3        7           3 
   Net gain on lease 
    terminations            --          --       (4)         -- 
   Pension curtailment 
    and settlement 
    losses                   2          --        6          -- 
   Separation-related 
   interest expense         --          --        2          -- 
   Tax impact of 
    adjusting items 
    (1)                     (4)         (5)     (18)         (8) 
                         -----       -----    -----       ----- 
Adjusted Net Income     $  138      $  134   $  284      $  249 
                         =====       =====    =====       ===== 
 
Weighted average 
 number of diluted 
 shares outstanding 
 (2)                     71.88       70.89    71.39       70.89 
Diluted earnings per 
 share attributable to 
 Versigent              $ 1.64      $ 1.51   $ 2.75      $ 2.85 
Adjusted Diluted EPS    $ 1.92      $ 1.89   $ 3.98      $ 3.51 
 
 
(1)    Represents the income tax impacts of the adjustments made for 
       amortization, restructuring and other special items by calculating the 
       income tax impact of these items using the appropriate tax rate for the 
       jurisdiction where the charges were incurred. 
(2)    For periods prior to the Spin-Off, the denominator for diluted earnings 
       per share was calculated using the 70.89 million Versigent ordinary 
       shares outstanding immediately following the April 1, 2026 Spin-Off. 
 

Free Cash Flow: Free Cash Flow is presented as a supplemental measure of the Company's liquidity, which is consistent with the basis and manner in which management presents financial information for the purpose of making internal operating decisions, evaluating its liquidity and determining appropriate capital allocation strategies. Management believes this measure is useful to investors to understand how the Company's core operating activities generate and use cash. Free Cash Flow is defined as net cash provided by (used in) operating activities less capital expenditures. Not all companies use identical calculations of Free Cash Flow, therefore this presentation may not be comparable to other similarly titled measures of other companies. The calculation of Free Cash Flow does not reflect cash used to service debt, pay dividends or repurchase shares and therefore, does not necessarily reflect funds available for investment or other discretionary uses.

 
               Three Months Ended June 30,    Six Months Ended June 30, 
               ----------------------------  --------------------------- 
                    2026           2025          2026           2025 
               --------------  ------------  -------------  ------------ 
                                     (in millions) 
Net cash 
 provided by 
 operating 
 activities      $   158        $   150        $   194       $   190 
Capital 
 expenditures        (51)           (42)          (117)          (79) 
               ---  ----           ----      ---  ----          ---- 
Free Cash 
 Flow            $   107        $   108        $    77       $   111 
               ===  ====  ===      ====      ===  ====          ==== 
 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260804545127/en/

 
    CONTACT:    Press Contact: 

Annalisa Esposito Bluhm

Vice President, Corporate Communications and Marketing

+1.248.817.7990

mediarelations@versigent.com

Investor Relations Contact:

Erin Banyas

Vice President, Investor Relations

erin.banyas@versigent.com

 
 

应版权方要求,你需要登录查看该内容

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10