Q3 reports split on GAAP and adjusted results: earnings week

Q3 2026 reports showed several companies with GAAP profits moving apart from adjusted measures, alongside guidance changes and debt reduction plans.

Nov 9, 2026 · AutoInvest Plus newsroom

Third-quarter reports filed the week of Nov 2, 2026 showed headline net income and adjusted metrics pointing in different directions at several companies. Host Hotels & Resorts says net income fell 56.4% on lower gains from asset sales while Adjusted EBITDAre rose 8.8%. Brink's reported a 59% drop in GAAP EPS against an 18% rise in non-GAAP EPS, and TELUS posted a net loss driven by an $800 million goodwill impairment at TELUS Health. Delek US Holdings and CF Industries reported large year-over-year gains in net earnings.

Guidance moved both ways. Host Hotels & Resorts raised its full-year 2026 outlook and TELUS reaffirmed its own. Sunrun narrowed its targets to the low end of its prior ranges, and Light & Wonder says AEBITDA growth will come in toward the lower end of its range. Balance sheets were also a focus. Light & Wonder, TELUS and Delek each say they are prioritizing debt reduction, Coty reported lower net debt, and CF Industries continued share repurchases.

Host Hotels & Resorts, Inc.

HOST HOTELS & RESORTS, INC.

Coty Inc.

COTY ANNOUNCES FIRST QUARTER FISCAL YEAR 2027 RESULTS

Coty reported first-quarter fiscal 2027 net revenues of $1,555.2 million, down 1% reported and 2% like-for-like, and diluted EPS of $0.12 versus $0.07 a year earlier, while adjusted EBITDA fell 7%. The company extended its Marc Jacobs license, reduced financial net debt to $2,576.4 million and expects a low-single-digit LFL revenue decline in 2Q27.

Light & Wonder, Inc.

Light & Wonder reported third-quarter revenue of $824 million, down 2%, and net income of $133 million, up 17%, with iGaming revenue up 13% and SciPlay down 12%. The company now expects FY 2026 Consolidated AEBITDA growth toward the lower end of its range and says it is prioritizing debt reduction over buybacks, targeting leverage below 3.0x in the first half of 2027.

CF Industries Holdings, Inc.

CF Industries reported third-quarter 2026 net earnings of $436 million, or $2.87 per diluted share, up from $353 million, on net sales of $1.86 billion and 7% higher volumes. The company repurchased 3.0 million shares for $367 million, declared a $0.60 quarterly dividend and expects Blue Point One ammonia production to begin in 2029 at a cost of approximately $3.7 billion.

Brinks Co

BRINKS CO

Brink's reported third-quarter 2026 revenue of $1,375 million, up 3%, with GAAP EPS down 59% to $0.35 and non-GAAP EPS up 18% to $2.46. Excluded costs included $45.7 million tied to the NCR Atleos acquisition, which the company now expects to close in early January 2027, and $26.6 million of incident-related losses.

Sunrun Inc.

Sunrun Reports Third Quarter 2026 Financial Results

Sunrun reported third-quarter 2026 revenue of $1,099.5 million, up 52%, and net income attributable to common stockholders of $153.2 million, while Subscriber Additions fell 24% to 22,957. The company cut its full-year outlook to approximately $4.6 billion of Aggregate Subscriber Value and approximately $200 million of Cash Generation, both at the low end of prior ranges.

Delek US Holdings, Inc.

Delek US Holdings Reports Third Quarter 2026 Results

Delek US Holdings reported third-quarter 2026 net income attributable to Delek of $1,133.8 million, or $18.22 per diluted share, up from $178.0 million, as benchmark crack spreads rose an average of 191.2%. EPA small refinery exemptions reduced costs by $334.7 million in the quarter, and the company says proceeds from its $460 million convertible notes will help pay down its term loan.

TELUS Corporation

TELUS Reports Third Quarter 2026 Results, Demonstrates Continued Discipline in Core Telecom; Advances Transformation Strategy

TELUS reported a third-quarter 2026 net loss of $660 million, driven by an $800 million non-cash goodwill impairment at TELUS Health, and a 5 per cent decline in Adjusted EBITDA to $1.8 billion. The company announced an efficiency program targeting approximately $900 million in annualized cash savings exiting 2028, plans to monetize TELUS Health and TELUS Agriculture & Consumer Goods to reduce debt, and reaffirmed its 2026 guidance.

This roundup is written with AI assistance from the press releases listed above, using only what they state. The releases are the companies' own announcements, not AutoInvest Plus reporting.