Jacquet Metals (JCQ) Q3 2026 earnings summary

Executive summary

• 9M 2026 sales rose 3.7% YoY to €1,479m; EBITDA increased to €95.1m from €70.5m, and net income attributable to shareholders rose to €34m from €9m.

• Performance held up amid persistent uncertainty, with stronger stainless-steel divisions offsetting weaker engineering-metals volumes.

Financial highlights

• 9M sales growth comprised price +2.3%, volume +0.9% and acquisition scope +0.5%; Q3 sales rose 8.6% YoY to €478m.

• Gross margin reached €375m, or 25.4% of sales versus 23.5%; Q3 gross margin was 25.9%.

• EBITDA was €95.1m, or 6.4% of sales versus €70.5m and 4.9%; adjusted operating income was €63.6m, or 4.3% of sales.

• Operating income was €66.9m, including €3.3m of non-recurring items and disposal gains; EPS was €1.62 versus €0.42.

Outlook and guidance

• Market conditions in coming quarters are expected to resemble those since the start of 2026; reduced visibility keeps focus on financial-balance management while investment and development continue.

• IMS restructuring is expected to deliver annual savings of ~€10m, with full impact in 2028; €3m additional savings were achieved by September 2026 after €4m in 2025.