Turpaz Industries (TRPZ) Q1 2026 earnings summary

Executive summary

• Q1 revenue was $83.641m, up 38.6% YoY, with 9.0% organic growth; adjusted EBITDA increased 42.4% to $19.389m, and net income rose 104.5% to $11.065m.

• Phoenix and Romessence acquisitions lifted the annualized sales run rate to $380m and expanded flavor and fragrance capabilities.

Financial highlights

• Gross profit rose 48.9% to $35.029m; gross margin increased to 41.9% from 39.0%.

• Operating income rose 33.6% to $12.874m; reported operating margin was 15.4% vs. 16.0%, while adjusted operating margin was 16.0% in both periods.

• Non-GAAP net income rose 48.8% to $11.721m, or 14.0% of sales; reported net income was $11.065m, or 13.2% of sales.

• Basic and diluted EPS was $0.09 vs. $0.04; net finance results included $1.050m income vs. $2.487m expense in Q1 2025.

Outlook and guidance

• Strategic goal is to double sales every four years or less; the $380m sales run rate and active M&A pipeline support the growth strategy.

• Phoenix integration and Klabin-Turpaz are expected to generate $2m in synergies over coming quarters, including US operating efficiencies and cross-selling.

• Specialty Fine Ingredients product-mix initiatives are expected to support profitability; estimates remain subject to execution and market risks.