Versigent PLC Reports Q3 2026 Growth Driven by New Business Awards and Commodity Pass-Throughs
Versigent PLC (VGNT) reported strong third-quarter 2026 results, with net sales rising 7.2% to $2.45 billion. This growth was largely supported by $112 million in contractual commodity-related pass-throughs and favorable currency impacts. Despite a 2% decline in global automotive production, the company achieved an adjusted net sales growth of 1%, demonstrating resilience against broader market trends. The company secured $2.1 billion in new business awards during the quarter, bringing year-to-date bookings to $7.5 billion. While copper price movements created a 90 basis point headwind for margins, operational efficiencies and net pricing recoveries helped expand the adjusted EBITDA margin to 11.2%. Management raised its full-year net sales guidance to a range of $9.5 billion to $9.6 billion.
Topics: adjusted EBITDA EPS free cash flow net sales new business awards
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Part of the story Holley Reports Q3 2026 Growth Driven by Core Business Acceleration and Portfolio Rebalancing (4 articles)