Ibc Advanced Alloys (IB) Q2 2026 earnings summary

Executive summary

• Quarterly sales reached $4.9 million, up 36.6% year-over-year, with six-month sales up 6.8% over the prior year.

• Operating income for the quarter was $111,000, reversing a prior-year loss of $428,000; Adjusted EBITDA was $349,000 versus a loss of $396,000 last year.

• Consolidated quarterly net loss narrowed to $480,000 from $1.4 million year-over-year, driven by higher copper alloy sales and reduced costs from discontinued operations.

• Demand for copper alloy products rebounded following the implementation of U.S. copper tariffs, with continued strength expected.

• Production of aluminum-scandium alloys began in October 2025, with significant market growth anticipated.

Financial highlights

• Revenue for the quarter was $4.86 million, up from $3.56 million year-over-year; six-month revenue was $9.03 million, up from $8.46 million.

• Gross profit for the quarter rose to $937,000 from $562,000, with gross margin improving to 19% from 16% year-over-year.

• Adjusted EBITDA for the quarter was $242,000, compared to a loss of $626,000 in the prior year.

• Six-month consolidated net loss improved to $1.18 million from $2.61 million year-over-year.

Outlook and guidance

• Ongoing demand recovery in copper alloy products is expected to continue into the next quarter.

• Anticipated growth in the aluminum-scandium alloy market as domestic scandium production is expected to launch soon.

• Management expects further revenue and market demand growth, with plans to expand production capacity and product portfolio.