Author: Ravi Shankar

SANTA CLARA, Calif., Oct. 22, 2026 (GLOBE NEWSWIRE) — SoundHound AI, Inc. (Nasdaq: SOUN), a global leader in voice and agentic AI, today announced that it will release its third quarter 2026 financial results after market close on Thursday, November 5, 2026. The company will host a conference call and webcast to review the results on the same day.

Conference Call and Webcast Information
SoundHound AI will host its conference call at 2:00 p.m. PT / 5:00 p.m. ET. A live audio webcast will be available at investors.soundhound.com and a replay will be available at the same location.

If you wish to receive company email notifications, please register at https://investors.soundhound.com/ir-resources/email-alerts

About SoundHound AI
SoundHound AI (Nasdaq:SOUN) is a voice and agentic AI company that enables businesses to deliver natural, end-to-end conversational experiences across digital and physical channels, including phones, kiosks, chat, smart devices, drive-thrus, TVs, in-vehicle, and more. Its agentic platform, OASYS, is a self-learning, orchestrated AI system where organizations can build and deploy conversational AI agents to handle transactions, tasks, and workflows on behalf of customers and employees. Built on proprietary technology backed by 750+ patents and years of AI research, SoundHound serves leading brands across industries including automotive, financial services, healthcare, retail, telecommunications, and more. It powers millions of products and processes billions of interactions annually for enterprise customers worldwide. Learn more at: www.soundhound.com

Investors:
Jon Perachio
203-788-8576
IR@SoundHound.com

Media:
Fiona McEvoy
415-610-6590
PR@SoundHound.com

ATLANTA, Oct. 22, 2026 (GLOBE NEWSWIRE) — Mueller Water Products, Inc. (NYSE: MWA), a leading manufacturer and marketer of products and solutions used in the transmission, distribution and measurement of water in North America, announced that its Board of Directors (the “Board”) has approved a $300 million increase to the existing common stock repurchase authorization. The Board also declared today a $0.08 per share quarterly dividend, a 14.3% increase compared with the prior quarterly dividend.

“Our decision to increase the quarterly dividend and expand our share repurchase authorization reflects our confidence in Mueller’s strategy supported by the disciplined execution of the Mueller Operating System. With our strong balance sheet and ability to generate cash, we can continue investing in the business while returning capital to shareholders. The expanded authorization gives us added flexibility to repurchase shares opportunistically when we believe they are undervalued,” said Paul McAndrew, President and Chief Executive Officer of Mueller Water Products.

$300 Million Stock Repurchase Authorization

The Board increased the common stock repurchase program authorization by $300.0 million, bringing the total existing common stock repurchase authorization to $334.5 million, including the existing stock repurchase authorization.

The Company repurchased $30.5 million of common stock in fiscal 2026, including $15.0 million in the fourth quarter ending September 30, 2026.

Repurchases under the program may be made in the open market, in privately negotiated transactions or by other means, including through trading plans intended to qualify under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, accelerated share repurchase arrangements and tender offers, with the amount and timing of repurchases to be determined at the Company’s discretion, depending on market and business conditions, prevailing stock prices, and contractual limitations, among other factors. The stock repurchase program does not obligate the Company to acquire any particular amount of common stock, or at any specific time or intervals, and may be modified, suspended or terminated at any time at the Company’s discretion.

Quarterly Dividend Increase

The Board has declared a $0.08 per share quarterly dividend, representing a 14.3% increase from the $0.07 per share dividend paid in the fourth quarter of fiscal 2026. The dividend is payable on or about November 19, 2026, to stockholders of record as of the close of business on November 9, 2026.

Forward-Looking Statements

This press release contains certain statements that may be deemed “forward-looking statements” within the meaning of the federal securities laws. These include statements regarding the Company’s strategy, execution, financial position, ability to generate cash, capital allocation priorities, the anticipated timing, amount and manner of repurchases under the Company’s stock repurchase program, the payment of the quarterly dividend and the Company’s ability to return capital to shareholders. Forward-looking statements are based on certain assumptions and assessments made by the Company in light of the Company’s experience and perception of historical trends, current conditions, and expected future developments. Actual results and the timing of events may differ materially from those contemplated by the forward-looking statements due to a number of factors. These factors include the Company’s ability to generate sufficient cash flow to fund its operations, investments in the business, dividends and share repurchases; changes in the market price of the Company’s common stock; general economic, market and business conditions; the availability of alternative uses of capital; contractual and legal limitations on the Company’s ability to pay dividends or repurchase shares; the Board’s discretion to modify, suspend or terminate the stock repurchase program or to change future dividend declarations; the Company’s ability to execute its strategy, including the Mueller Operating System, and the other factors described in the section entitled “RISK FACTORS” in Item 1A of the Company’s most recent Annual Report on Form 10-K and in later filings on Form 10-Q, as applicable. Forward-looking statements do not guarantee future performance and are only as of the date they are made. The Company undertakes no duty to update its forward-looking statements except as required by law.

About Mueller Water Products, Inc.

Mueller Water Products, Inc. is a leading manufacturer and marketer of products and solutions used in the transmission, distribution and measurement of water in North America. Our broad portfolio includes engineered valves, fire hydrants, pipe connection and repair products, metering products, leak detection, pipe condition assessment, pressure management products, and software that provides critical water system data. We help municipalities increase operational efficiencies, improve customer service and prioritize capital spending, demonstrating why Mueller Water Products is Where Intelligence Meets Infrastructure^®. Visit us at www.muellerwaterproducts.com.

Mueller refers to one or more of Mueller Water Products, Inc. (MWP), a Delaware corporation, and its subsidiaries. MWP and each of its subsidiaries are legally separate and independent entities when providing products and services. MWP does not provide products or services to third parties. MWP and each of its subsidiaries are liable only for their own acts and omissions and not those of each other.

Investor Relations Contact: Whit Kincaid
770-206-4116
wkincaid@muellerwp.com

Media Contact: Jenny Barabas
470-806-5771
jbarabas@muellerwp.com

Q4 revenue expected to grow 50%–75% year over year, driven by major retail launches and ingredient growth, establishing a new recurring revenue base of approximately $4 million per quarter. This represents a fundamental shift from the Company’s historical reliance on large, one-time orders, creating a predictable revenue foundation for the first time, with additional retail programs providing growth beyond this new base.

Key Highlights

• Record Q4 revenue of $6 million to $7 million expected, up 50–75% year over year, representing a $24 million to $28 million annualized run rate and a substantially higher revenue base heading into 2027.
• Q3 revenue of approximately $1 million, reflecting timing of customer delivery schedules, with approximately $420,000 of warehouse club shipments delivered in early October, and a major ingredient customer expanded its program by approximately $3 million, with deliveries from Q4 through 2027.
• No Additional Capital Anticipated: Following the anticipated closing of a common stock offering in October 2026, management believes the Company will have sufficient capital to fund its current operating plan and anticipated growth initiatives, including for seasonal raw material purchases and increased production volumes.
• Recurring revenue base of approximately $4 million per quarter heading into 2027, driven by:
  • Newly launched everyday retail program in 309 clubs at the nation’s second-largest warehouse club retailer.
  • Five branded products now on shelves at a leading U.S. mass retailer.
  • Contracted industrial ingredient orders, with ingredient revenue projected to grow from approximately $2 million in 2025 to $6–7 million in 2026 and more than $10 million in 2027.
• In-season raw material purchases for strawberry and blueberry programs were well below the off-season prices that cut Q2 gross margin and are expected to improve gross margin beginning in Q4.
• Record Production and Approaching Cash Breakeven: Production reached a record 55,000 kg in September, with 60,000–70,000 kg per month targeted for Q4. Management estimates monthly cash operating breakeven at approximately 55,000 kg ($21 million annualized revenue).
• New programs: an approximately $2 million Tropical Fruit Mix order beginning to ship in December, plus Dried Cheesecake Snacks at the nation’s two largest warehouse club retailers.
• Crunchy Cheese Sticks entering a major dollar-channel test, with potential to become an approximately $5 million annual recurring revenue program.
• Engaged Hayden IR to lead its investor relations program, and will be presenting at Planet MicroCap: Toronto 2026 on Wednesday October 28th at 9:00am ET and will be available for 1×1 investor meetings October 28 and 29.

BEND, Ore., Oct. 22, 2026 (GLOBE NEWSWIRE) — BranchOut Food Inc. (NASDAQ: BOF), a food technology company pioneering next-generation fruit, vegetable, and dairy-based snacks and ingredients through its advanced REV dehydration technology, today provided a third-quarter business update and outlined management’s expectations for record fourth-quarter 2026 revenue of $6 million to $7 million, up 50% to 75% year over year. At the midpoint, fourth-quarter revenue implies an annualized run rate of approximately $26 million, roughly 80% above expected full-year 2026 revenue of $14 million to $15 million.

The anticipated record fourth quarter is driven by increasing factory production, major new everyday, continuous retail programs, and rapid growth in the Company’s industrial ingredient business. With BranchOut ingredients increasingly incorporated into established product formulations at major CPG companies, the Company is developing a growing foundation of predictable, recurring revenue.

Management believes these developments represent an important turning point as BranchOut transitions from a business historically dependent on large, onetime purchase orders toward a more consistent recurring revenue base, with significantly greater visibility into future customer demand.

Q3 Investments and Expanding Customer Commitments Position Company for Record Fourth Quarter

BranchOut’s third quarter was focused on preparing for a significant increase in business, with major everyday retail programs launching and industrial ingredient customers substantially expanding their purchase commitments. Several large industrial ingredient customers rescheduled deliveries from Q3 into Q4 while significantly increasing their overall orders, including the launch of substantial recurring blueberry, strawberry, and banana programs. These expanded commitments reflect growing demand and provide greater visibility into future revenue throughout 2027 and beyond. At the same time, the Company prepared for the launch of everyday retail programs with two of the nation’s largest retailers, both expected to contribute meaningfully to fourth-quarter revenue and establish new sources of recurring business.

To support this growth, BranchOut invested significantly in raw materials, finished goods inventory, manufacturing equipment, and production capacity during Q3, positioning the Company to increase production and fulfill its expanding order book. Due to the timing of customer deliveries and major retail launches, Q3 revenue is expected to be approximately $1 million, including the impact of approximately $420,000 in warehouse club shipments originally scheduled for late September that shifted into early October. Additionally, a major industrial ingredient customer expanded its program by approximately $3 million, with deliveries scheduled from Q4 2026 through the first half of 2027.

Based on current booked orders and anticipated delivery schedules, management expects record Q4 revenue of approximately $6 million to $7 million, representing a significant increase from Q3 and all prior quarters.

More importantly, management believes these developments mark a fundamental shift toward a larger, more predictable base of recurring revenue, supported by ongoing retail replenishment and industrial ingredients incorporated into established commercial products. This growing foundation is expected to support continued growth, improved manufacturing efficiency, and stronger margins.

CEO Commentary

“While Q3 revenue was impacted by customer delivery schedules, the underlying developments in our business tell a very different story about where BranchOut is headed,” said Eric Healy, Chief Executive Officer of BranchOut Food.

“During the quarter, we invested significant working capital in inventory and ramped our manufacturing operations in preparation for several major recurring customer programs beginning in Q4. At the same time, some of our largest industrial ingredient customers moved deliveries from Q3 into Q4, but importantly, they also substantially increased their total commitments, with major recurring orders for blueberries, strawberries, and now bananas extending well into 2027.

“We’re not simply replacing the revenue that shifted out of Q3. We’re building a significantly larger foundation of recurring business than we’ve ever had before.

“In September, our factory achieved a record 55,000 kilograms of production, and we’re targeting 60,000–70,000 kilograms per month during Q4. Based on our current booked orders, we expect record fourth-quarter revenue of approximately $6 million to $7 million, representing an annualized revenue run rate of approximately $26 million at the midpoint.

“What’s particularly exciting is the visibility we’re beginning to develop into 2027. Our new everyday retail programs and substantially expanded industrial ingredient commitments are creating a much more consistent foundation of customer demand. This is a fundamental change from the large, individual purchase orders that have historically driven our revenue and created significant fluctuations between quarters.

“Our ingredient business is becoming an increasingly important part of this transformation. We’re seeing growing adoption from major food manufacturers, significant increases in existing customer commitments, and new opportunities across multiple ingredient categories. We believe this business has tremendous potential to continue expanding over the coming years.

“We also have an exciting pipeline of new products and retail opportunities, including our Tropical Fruit Mix launch and innovative Crunchy Cheese Sticks, which could open another significant category of growth for BranchOut.

“As we continue increasing factory production, we expect our manufacturing costs per pound to decline and margins to improve. We’ve made substantial investments in building the infrastructure to support a much larger company, and we’re now beginning to see the customer demand and production volumes necessary to realize the benefits of those investments.

“While Q3 was a challenging quarter from a revenue perspective, we believe the progress made during the period has positioned BranchOut for a record Q4 and, more importantly, a substantially stronger and more predictable business heading into 2027.”

Factory Achieves Record Production as Manufacturing Volumes Accelerate

BranchOut achieved a new monthly production record of approximately 55,000 kilograms in September, demonstrating the expanding scale and improving capabilities of its manufacturing operations in Peru.

Building on this milestone, the Company is targeting monthly production volumes of approximately 60,000–70,000 kilograms during the fourth quarter to support increasing retail and industrial ingredient demand.

This growth in production follows several years of investment in equipment, manufacturing infrastructure, workforce development, and operational improvements designed to support a substantially larger business.

As manufacturing volumes increase, management expects production costs per pound to decline as fixed factory expenses are spread across greater output. More consistent production schedules are also expected to improve labor efficiency, reduce downtime between production runs, and create opportunities for more favorable raw material purchasing. Management estimates the Company reaches cash operating breakeven at approximately 45,000 kilograms of monthly production, or approximately $18 million in annual revenue, in an optimized scenario with target raw material and overhead costs. At recent costs, breakeven is approximately 55,000 kilograms per month, or approximately $21 million in annual revenue. Management expects the breakeven level to move toward the optimized scenario as in-season contracted sourcing and lower overhead reduce costs.

The growing proportion of recurring customer programs is particularly important in supporting these improvements, as predictable order volumes allow the Company to operate its manufacturing lines more consistently and efficiently.

Management believes the combination of higher production volumes and improved manufacturing efficiency will contribute to stronger gross margins and support the Company’s progress toward sustained profitability. Raw materials for the expanded strawberry and blueberry programs are being purchased in season under contract, at prices well below the off-season spot purchases that reduced second-quarter gross margin. Management expects this to lift gross margin beginning in the fourth quarter.

Major Warehouse Club Everyday Program Establishes Recurring Revenue Foundation

BranchOut’s Crunchy Fruit Chips have officially launched as an everyday offering across 309 clubs at the nation’s second-largest warehouse club retailer, marking a significant milestone in the Company’s retail expansion.

The transition from a limited-time promotional program to everyday distribution represents an important change in BranchOut’s business with this major customer.

Rather than fulfilling individual promotional purchase orders, the Company now has the opportunity to support ongoing replenishment as products sell through at the club level, creating the potential for more consistent demand and predictable manufacturing schedules.

Management believes this program establishes an important foundation for continued expansion within the warehouse club channel, with opportunities to introduce additional products and increase distribution over time.

Tropical Fruit Mix Preparing for Additional $2 Million Retail Program

Building on its expanding relationship with the same warehouse club retailer, BranchOut is preparing production for an additional Tropical Fruit Mix program representing approximately $2 million in anticipated revenue, with initial deliveries expected before year-end.

The new product expands BranchOut’s assortment within the retailer and demonstrates the Company’s ability to develop innovative fruit snacks that deliver distinctive flavor and texture through its REV technology.

Management has high expectations for the product’s retail performance and believes a successful launch could create the opportunity for Tropical Fruit Mix to transition into another everyday offering.

If successful, the program would provide an additional source of recurring revenue while increasing manufacturing volumes through the Company’s existing production infrastructure.

Five-Product Launch Hits the ‘target’ at Leading Mass Retailer, Establishing National Distribution

BranchOut has completed the launch of five branded products at a leading U.S. mass retailer, with the new assortment now available on store shelves.

The launch significantly expands BranchOut’s branded retail footprint and introduces additional consumers to its innovative fruit, vegetable, and dairy-based snacks.

The assortment highlights the versatility of BranchOut’s REV technology and its ability to create differentiated products across multiple snack categories.

Management believes the expanded distribution provides another important opportunity to generate ongoing replenishment orders as products gain traction with consumers, while creating a platform for future product introductions and additional distribution growth.

Together with the Company’s expanding warehouse club presence, the launch represents another step toward establishing a broader, more consistent base of retail revenue.

Industrial Ingredient Business Establishes Substantial Growing Base of Predictable, Recurring Revenue

BranchOut’s industrial ingredient business continues to accelerate, with substantial new and expanded customer commitments establishing a growing foundation of predictable, recurring revenue. The Company has secured significant recurring orders across multiple fruit categories, including blueberries, strawberries, and, most recently, bananas. Customer purchase commitments have increased substantially, reflecting growing demand from major food manufacturers.

Importantly, BranchOut’s ingredients are now being incorporated directly into established commercial recipes and formulations at major CPG companies. Once integrated, these ingredients are difficult and costly to replace, creating long-term customer relationships and the potential for consistent repeat orders as these products continue to be manufactured. While certain large ingredient deliveries originally anticipated during Q3 were moved into Q4, these changes were accompanied by significant increases in total customer commitments, strengthening the Company’s revenue outlook and providing greater visibility into future demand.

Following approximately $2 million in ingredient revenue in 2025, management projects approximately $6–7 million in 2026 and more than $10 million in 2027, driven by expanding customer commitments and growing adoption across snacks, bars, cereals, bakery products, and other packaged foods. BranchOut is also working on expanding into Europe, with plans to attend SIAL Paris, one of the world’s largest food industry trade shows, in October. The Company has already scheduled multiple meetings with prospective industrial ingredient customers and is arranging for its products to be presented to key European food manufacturers, opening new opportunities for international growth.

Management believes the integration of its ingredients into established CPG products represents a fundamental shift in the business, creating greater revenue visibility and predictability for the first time. With substantial recurring programs already established, expanding international opportunities, and a growing commercial pipeline, industrial ingredients are positioned to become one of BranchOut’s most significant and dependable long-term growth drivers.

Innovative Crunchy Cheese Stick Line Launches in Convenience Store Channel Ahead of Major Dollar-Channel Retail Test

BranchOut recently unveiled its innovative Crunchy Cheese Stick line at the NACS Show in Las Vegas, the premier trade show for the convenience store industry, introducing a unique new snack made from 100% real cheese, dehydrated and puffed into a light, crunchy stick with 15 grams of protein per bag and just one ingredient: cheese. 

The product received overwhelmingly positive feedback at the show, reinforcing management’s belief that its combination of innovation, convenience, and high protein content makes it an ideal fit for the convenience store channel and today’s growing demand for protein-rich snacks.

BranchOut is also preparing for a major dollar-channel retail test in November, which could develop into an approximately $5 million annual recurring revenue opportunity following a successful test and broader rollout.

Management believes Crunchy Cheese Sticks could become one of the Company’s most significant growth platforms, with potential across convenience stores, mass retail, club stores, and other channels. Given the size of the cheese and protein-snacking categories, management believes this product line has the potential to eventually surpass BranchOut’s fruit snack business, opening a substantial new market opportunity for the Company’s REV technology.

Innovative Dried Cheesecake Snacks Preparing for Holiday Launch at Nation’s Largest Warehouse Club Retailer in Texas

BranchOut is preparing to launch its innovative Dried Cheesecake Snacks at the nation’s largest warehouse club retailer in Texas for the upcoming holiday season, marking an exciting expansion into the dessert-snacking category. Production is currently underway at the Company’s manufacturing facility in Peru, with initial deliveries being prepared for the holiday launch.

Developed using BranchOut’s REV technology, the product transforms traditional cheesecake into a convenient, shelf-stable snack while preserving its rich flavor and creamy characteristics.

Several additional regions within the warehouse club retailer have already expressed interest in the product and are closely monitoring the Texas launch to evaluate opportunities for expansion. Management believes a successful launch could lead to a much broader regional rollout, potentially establishing Dried Cheesecake Snacks as a significant new product line and revenue opportunity for BranchOut.

Investor Relations and Upcoming Conference

BranchOut has engaged Hayden IR to lead its investor relations program. Management will present at Planet MicroCap: Toronto 2026 on Wednesday October 28th at 9:00am ET, available via webcast by clicking here, and will be available for 1×1 investor meetings October 28 and 29. Investors can request a meeting at www.planetmicrocap.com or by emailing James@HaydenIR.com.

Investor Relations:
Brett Maas
Hayden IR
(646) 536-7331
brett@haydenir.com

James Carbonara
Hayden IR
(646)-755-7412
james@haydenir.com

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to expectations or forecasts of future events. Forward-looking statements may be identified using words such as “forecast,” “intend,” “seek,” “target,” “anticipate,” “believe,” “expect,” “estimate”, “plan,” “position”, “outlook,” and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Forward-looking statements with respect to the operations of BranchOut Food, Inc., (the Company) strategies, prospects and other aspects of the business of the Company are based on current expectations that are subject to known and unknown risks and uncertainties, which could cause actual results or outcomes to differ materially from expectations expressed or implied by such forward-looking statements. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Although it may voluntarily do so from time to time, the Company undertakes no commitment to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.

Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/b2a93201-016c-433e-bbac-63e31de49f76
https://www.globenewswire.com/NewsRoom/AttachmentNg/abb90a6a-98b5-48b3-96e6-35548b3d4318
https://www.globenewswire.com/NewsRoom/AttachmentNg/9312af76-ad38-4cfa-837b-e03abd5c9783
https://www.globenewswire.com/NewsRoom/AttachmentNg/551bc9a0-a20f-4ca1-978d-5075758e8add
https://www.globenewswire.com/NewsRoom/AttachmentNg/c8e7eb27-fd0b-4429-942f-d92ede703190 

Net sales up 20% in Q3 compared to prior year; Board approves cash dividend

SANTA MONICA, Calif., Oct. 22, 2026 (GLOBE NEWSWIRE) — JAKKS Pacific, Inc. (Nasdaq: JAKK) today reported financial results for the third quarter ended September 30, 2026.

Third Quarter 2026

• Net sales were $254.2 million, a year-over-year increase of 20%
  • Toys/Consumer Products net sales were $192.0 million, up 23% from $156.1 million last year
  • Costumes net sales were $62.2 million, a year-over-year increase of 13%
• Gross margin of 32.1%, up 10 basis points vs. Q3 2025
• Gross profit of $81.5 million, up 20% compared to $67.6 million in Q3 2025
• Operating income of $37.4 million, compared to $29.4 million in Q3 2025, a year-over-year increase of 27%
• Net income attributable to common stockholders of $29.9 million or $2.48 per diluted share, compared to net income attributable to common stockholders of $19.9 million or $1.74 per diluted share in Q3 2025
• Adjusted net income attributable to common stockholders (a non-GAAP measure) of $32.3 million or $2.68 per diluted share, compared to adjusted net income attributable to common stockholders of $20.6 million or $1.80 per diluted share in Q3 2025
• Adjusted EBITDA (a non-GAAP measure) of $44.4 million vs. $36.5 million in Q3 2025
• Trailing-twelve-month Adjusted EBITDA of $45.7 million, up from $37.8 million as of Q2 2026

Management Commentary
“We’re very happy with our Q3 results as we approach the end of the year. Having successfully navigated the high tariff turmoil, we are driving our business forward. We see that reflected in our current results, the line-up we recently shared with the trade for 2027 and new initiatives we’re in the process of securing for 2028,” said Stephen Berman, Chairman and CEO of JAKKS Pacific. “We have great placement this holiday season and our international business continues to steadily expand as we continue to open new accounts and partner more closely for a more robust presence in-store.”

Third Quarter Results
Net Sales in North America were $209 million, up 28% in the quarter compared to the previous year. International Sales were $45 million, down from $47 million last year (a 4% decrease). North America and International are up 14% and 7% respectively, year-to-date. Globally, Dolls, Role-Play, Dress-Up net sales were $119 million, compared to $92 million in 2025, an increase of 29%. Action Play & Collectibles net sales were $63 million in the quarter, up from $53 million in 2025, a 19% increase. Costumes net sales were $62 million, compared to $55 million (a 13% increase) in 2025. Costumes are up 11% year-to-date.

Inventory was $63.8 million as of September 30, 2026, compared to $71.5 million as of September 30, 2025, and $59.8 million as of December 31, 2025.

Cash (including restricted cash and cash equivalents) was $45.1 million as of September 30, 2026, compared to $27.8 million as of September 30, 2025, and $54.1 million as of December 31, 2025.

The Board of Directors declared a quarterly dividend of $0.25 per share on the company’s common stock, payable December 28^th, 2026, to shareholders of record November 27th, 2026.

Use of Non-GAAP Financial Information and Reconciliation of GAAP to Non-GAAP measures:
In addition to the preliminary results reported in accordance with U.S. GAAP included in this release, the Company has provided certain non-GAAP financial information including Adjusted EBITDA and Adjusted Net Income (Loss) that exclude various items that are detailed in the financial tables and accompanying footnotes reconciling GAAP to non-GAAP results contained in this release. The non-GAAP financial measures included in the press release are reconciled to the corresponding GAAP financial measures below, as required under the rules of the Securities and Exchange Commission regarding the use of non-GAAP financial measures.
We define Adjusted EBITDA as income (loss) from operations before depreciation, amortization and adjusted for certain non-recurring and non-cash charges, such as reorganization expenses and restricted stock compensation expense Net income (loss) is similarly adjusted and tax-effected to arrive at Adjusted Net Income (Loss). Adjusted EBITDA and Adjusted Net Income (Loss) are not recognized financial measures under GAAP, but we believe that they are useful in measuring our operating performance, enhance an overall understanding of the Company’s past financial performance, and provides useful information to the investor by comparing our performance across reporting periods on a consistent basis. Investors should not consider these measures in isolation or as a substitute for net income, operating income, or any other measure for determining the Company’s operating performance that is calculated in accordance with GAAP. In addition, because these measures are not calculated in accordance with GAAP, they may not necessarily be comparable to similarly titled measures employed by other companies.

The non-GAAP financial measures included in the press release are reconciled to the corresponding GAAP financial measures below, as required under the rules of the Securities and Exchange Commission regarding the use of non-GAAP financial measures. See “Use of Non-GAAP Financial Information” for additional disclosures with respect to the use of non-GAAP financial information.

Conference Call Live Webcast
JAKKS Pacific, Inc. invites analysts, investors and media to listen to the teleconference scheduled for 5:00 p.m. ET / 2:00 p.m. PT on October 22, 2026. A live webcast of the call will be available on the “Investor Relations” page of the Company’s website at www.jakks.com/investors. To access the call by phone, please go to this link (3Q26 Registration link), and you will be provided with dial-in details. To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the scheduled start time. A replay of the webcast will also be available for a limited time at (www.jakks.com/investors).

About JAKKS Pacific, Inc.
JAKKS Pacific, Inc. is a leading designer, manufacturer and marketer of toys, costumes and consumer products sold throughout the world, with its headquarters in Santa Monica, California. JAKKS Pacific’s popular proprietary brands include Disguise®, Fly Wheels®, Charming™, Moose Mountain®, Maui®, ReDo Skateboard Co.®, Sky Ball®, and Xtreme Power Dozer™ as well as a wide range of entertainment-inspired products featuring premier licensed properties. Through their products and charitable donations, JAKKS is helping to make a positive impact on the lives of children. Visit us at www.jakks.com and follow us on Instagram (@jakkspacific.toys), X (@jakkstoys), YouTube (@JAKKSPacific), Facebook (@jakkspacific.toys) and LinkedIn (JAKKS Pacific).

Forward Looking Statements
This press release may contain “forward-looking statements” (within the meaning of the Private Securities Litigation Reform Act of 1995) that are based on current expectations, estimates and projections about JAKKS Pacific’s business based partly on assumptions made by its management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such statements due to numerous factors, including, but not limited to, those described above, changes in demand for JAKKS Pacific’s products, product mix, the timing of customer orders and deliveries, the impact of competitive products, tariff policy and pricing, or any future transactions will result in future growth or success of JAKKS. The “forward-looking statements” contained herein speak only as of the date on which they are made, and JAKKS undertakes no obligation to update any of them to reflect events or circumstances after the date of this release.

CONTACT:

JAKKS Pacific Investor Relations

(424) 268-9567 Lucas Natalini investors@jakks.net

JAKKS Pacific, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets (Unaudited)
					September 30,									December 31,
						2026					2025				2025
					(In thousands)
Assets
Current assets:
	Cash and cash equivalents				$	43,999				$	25,887			$	52,197
	Restricted cash					1,133					1,869				1,869
	Accounts receivable, net					240,294					195,779				138,341
	Inventory, net					63,770					71,497				59,805
	Prepaid expenses and other assets					13,359					19,784				16,873
		Total current assets				362,555					314,816				269,085
Property and equipment						163,246					147,745				152,224
Less accumulated depreciation and amortization						141,121					131,226				133,216
	Property and equipment, net					22,125					16,519				19,008
Operating lease right-of-use assets, net						37,835					49,611				46,776
Deferred income tax assets, net						69,589					67,612				69,569
Goodwill						34,956					35,081				35,077
Other long-term assets						1,729					1,631				2,682
		Total assets			$	528,789				$	485,270			$	442,197
Liabilities and Stockholders’ Equity
Current liabilities:
	Accounts payable				$	96,507				$	72,338			$	55,558
	Accrued expenses					60,129					52,085				43,076
	Reserve for sales returns and allowances					40,810					37,691				33,569
	Income taxes payable					4,445					5,389				2,119
	Short-term operating lease liabilities					14,707					13,504				13,784
		Total current liabilities				216,598					181,007				148,106
Long-term operating lease liabilities						28,405					43,113				39,578
Accrued expenses, long term						5,486					3,503				4,463
Income taxes payable						992					1,732				945
		Total liabilities				251,481					229,355				193,092
Stockholders’ equity:
	Common stock, $.001 par value					11					11				11
	Additional paid-in capital					310,211					301,098				302,408
	Accumulated deficit					(18,122	)				(32,875	)			(41,021	)
	Accumulated other comprehensive loss					(14,792	)				(12,319	)			(12,293	)
		Total stockholders’ equity				277,308					255,915				249,105
		Total liabilities and stockholders’ equity			$	528,789				$	485,270			$	442,197
Supplemental Balance Sheet and Cash Flow Data (Unaudited)
					September 30,
Key Balance Sheet Data:						2026					2025
Accounts receivable days sales outstanding (DSO)						87					85
Inventory turnover (DSI)						34					46
					Nine Months Ended September 30,									Trailing Twelve Months (*) Ended September 30,
Condensed Cash Flow Data:						2026					2025				2026				2025
Cash flows from (used in) operating activities					$	17,430				$	(24,753	)		$	50,675			$	29,375
Cash flows used in investing activities						(13,817	)				(9,670	)			(16,491	)			(13,570	)
Cash flows used in financing activities and other						(12,547	)				(7,958	)			(16,808	)			(10,333	)
Net increase (decrease) in cash, cash equivalents and restricted cash					$	(8,934	)			$	(42,381	)		$	17,376			$	5,472
Capital expenditures					$	(13,226	)			$	(7,850	)		$	(14,939	)		$	(14,469	)
(*) Trailing twelve months (TTM) amounts are calculated as the sum of the most recent four quarters, derived from reported GAAP results.

		JAKKS Pacific, Inc. and Subsidiaries
		Condensed Consolidated Statements of Operations (Unaudited)
			Three Months Ended September 30,													Nine Months Ended September 30,
				2026					2025			Δ (%)					2026					2025			Δ (%)
			(In thousands, except per share data)													(In thousands, except per share data)
Net sales			$	254,222				$	211,210			20		%		$	500,136				$	443,557			13		%
Less: Cost of sales
	Cost of goods			127,611					104,846			22					248,571					218,256			14
	Royalty expense			41,287					34,099			21					81,272					71,776			13
	Amortization of tools and molds			3,824					4,622			(17	)				8,226					7,846			5
	Cost of sales			172,722					143,567			20					338,069					297,878			13
		Gross profit		81,500					67,643			20					162,067					145,679			11
Direct selling expenses				7,561					5,933			27					24,225					21,339			14
General and administrative expenses				36,388					32,200			13					105,694					101,135			5
Depreciation and amortization				178					147			21					491					382			29
	Selling, general and administrative expenses			44,127					38,280			15					130,410					122,856			6
		Income from operations		37,373					29,363			27					31,657					22,823			39
Other income (expense):
	Other income (expense), net			48					388			(88	)				7,049					418			nm
	Loss on debt extinguishment			–					(1	)		nm					–					(418	)		nm
	Interest income			261					75			248					1,529					832			84
	Interest expense			(60	)				(102	)		(41	)				(175	)				(402	)		(56	)
Income before provision for income taxes				37,622					29,723			27					40,060					23,253			72
Provision for income taxes				7,723					9,831			(21	)				8,578					8,062			6
Net income				29,899					19,892			50					31,482					15,191			107
	Earnings per share – basic		$	2.61				$	1.78							$	2.75				$	1.36
	Shares used in earnings per share – basic			11,450					11,185								11,446					11,159
	Earnings per share – diluted		$	2.48				$	1.74							$	2.65				$	1.32
	Shares used in earnings per share – diluted			12,051					11,423								11,869					11,487
			Three Months Ended September 30,													Nine Months Ended September 30,
				2026					2025			Δ bps					2026					2025			Δ bps
												Fav/(Unfav)													Fav/(Unfav)
Net sales				100.0		%			100.0		%	–					100.0		%			100.0		%	–
Less: Cost of sales
	Cost of goods			50.2					49.6			(60	)				49.7					49.2			(50	)
	Royalty expense			16.2					16.2			0					16.3					16.2			(10	)
	Amortization of tools and molds			1.5					2.2			70.0					1.6					1.8			20
	Cost of sales			67.9					68.0			10					67.6					67.2			(40	)
		Gross profit		32.1					32.0			10					32.4					32.8			(40	)
Direct selling expenses				3.0					2.8			(20	)				4.9					4.8			(10	)
General and administrative expenses				14.3					15.2			90					21.1					22.8			170
Depreciation and amortization				0.1					0.1			–					0.1					0.1			–
	Selling, general and administrative expenses			17.4					18.1			70					26.1					27.7			160
		Income from operations		14.7					13.9			80					6.3					5.1			120
Other income (expense):
	Other income (expense), net			–					0.2								1.4					0.1
	Loss on debt extinguishment			–					–								–					(0.1	)
	Interest income			0.1					–								0.3					0.2
	Interest expense			–					–								–					(0.1	)
Income before provision for income taxes				14.8					14.1								8.0					5.2
Provision for income taxes				3.0					4.7								1.7					1.8
Net income				11.8		%			9.4		%						6.3		%			3.4		%

JAKKS Pacific, Inc. and Subsidiaries
Reconciliation of Non-GAAP Financial Information (Unaudited)
		Three Months Ended September 30,														Nine Months Ended September 30,
			2026				2025			Δ ($)							2026				2025			Δ ($)
		(In thousands)														(In thousands)
EBITDA and Adjusted EBITDA
Net income		$	29,899			$	19,892			$	10,007					$	31,482			$	15,191			$	16,291
Interest expense			60				102				(42	)					175				402				(227	)
Interest income			(261	)			(75	)			(186	)					(1,529	)			(832	)			(697	)
Provision for income taxes			7,723				9,831				(2,108	)					8,578				8,062				516
Depreciation and amortization			4,002				4,769				(767	)					8,717				8,228				489
EBITDA			41,423				34,519				6,904						47,423				31,051				16,372
Adjustments:
Loss from joint ventures (JAKKS Pacific, Inc. – 51%)			–				–				–						–				–				–
Loss from joint ventures (Meisheng – 49%)			–				–				–						–				–				–
Other (income) expense, net			(48	)			(388	)			340						(7,049	)			(418	)			(6,631	)
Restricted stock compensation expense			3,043				2,392				651						9,122				8,132				990
Change in fair value of preferred stock derivative liability			–				–				–						–				–				–
Employee Retention Credit/gov’t employment support			–				–				–						–				–				–
Molds and tooling capitalization			–				–				–						–				–				–
Loss on debt extinguishment			–				1				(1	)					–				418				(418	)
Adjusted EBITDA		$	44,418			$	36,524			$	7,894					$	49,496			$	39,183			$	10,313
Adjusted EBITDA/Net sales %			17.5		%		17.3		%	20 bps							9.9		%		8.8		%	110 bps
		Trailing Twelve Months Ended September 30,
			2026				2025			Δ ($)
		(In thousands)
TTM EBITDA and TTM Adjusted EBITDA
TTM net income		$	26,162			$	6,078			$	20,084
Interest expense			244				559				(315	)
Interest income			(1,692	)			(1,140	)			(552	)
Provision for income taxes			5,410				2,616				2,794
Depreciation and amortization			10,722				10,537				185
TTM EBITDA			40,846				18,650				22,196
Adjustments:
Other (income) expense, net			(7,081	)			(426	)			(6,655	)
Restricted stock compensation expense			11,903				10,387				1,516
Loss on debt extinguishment			9				418				(409	)
TTM Adjusted EBITDA		$	45,677			$	29,029			$	16,648
TTM Adjusted EBITDA/TTM Net sales %			7.3		%		5.1		%	220 bps
		Three Months Ended September 30,														Nine Months Ended September 30,
			2026				2025			Δ ($)							2026				2025			Δ ($)
		(In thousands, except per share data)														(In thousands, except per share data)
Adjusted net income
Net income		$	29,899			$	19,892			$	10,007					$	31,482			$	15,191			$	16,291
Restricted stock compensation expense			3,043				2,392				651						9,122				8,132				990
Loss on debt extinguishment			–				1				(1	)					–				418				(418	)
Refunded tariff expenditure			(29	)			–				(29	)					(6,801	)			–				(6,801	)
Tax impact of additional charges			(619	)			(1,733	)			1,114						(477	)			(3,153	)			2,676
Adjusted net income		$	32,294			$	20,552			$	11,742					$	33,326			$	20,588			$	12,738
Adjusted earnings per share – basic		$	2.82			$	1.84			$	0.98					$	2.91			$	1.84			$	1.07
Shares used in adjusted earnings per share – basic			11,450				11,185				265						11,446				11,159				287
Adjusted earnings per share – diluted		$	2.68			$	1.80			$	0.88					$	2.81			$	1.79			$	1.02
Shares used in adjusted earnings per share – diluted			12,051				11,423				628						11,869				11,487				382

JAKKS Pacific, Inc. and Subsidiaries
Net Sales by Division and Geographic Region
(In thousands)	QTD Q3											(In thousands)	YTD Q3
Divisions		2024		2025		2026	% Change 2025 v 2026		CAGR% 2024 – 2026			Divisions		2024		2025		2026	% Change 2025 v 2026		CAGR% 2024 – 2026
Toys/Consumer Products	$264,306		$156,080		$191,957		23.0	%	-14.8	%		Toys/Consumer Products	$451,786		$343,897		$389,559		13.3	%	-7.1	%
Dolls, Role-Play/Dress-Up		146,893		92,330		119,151	29.0	%	-9.9	%		Dolls, Role-Play/Dress-Up		251,075		193,957		208,277	7.4	%	-8.9	%
Action Play & Collectibles		98,750		52,950		63,092	19.2	%	-20.1	%		Action Play & Collectibles		168,313		125,733		160,424	27.6	%	-2.4	%
Outdoor/Seasonal Toys		18,663		10,800		9,714	-10.1	%	-27.9	%		Outdoor/Seasonal Toys		32,398		24,207		20,858	-13.8	%	-19.8	%
Costumes	$57,300		$55,130		$62,265		12.9	%	4.2	%		Costumes	$108,515		$99,660		$110,577		11.0	%	0.9	%
Total	$321,606		$211,210		$254,222		20.4	%	-11.1	%		Total	$560,301		$443,557		$500,136		12.8	%	-5.5	%
(In thousands)	QTD Q3											(In thousands)	YTD Q3
Regions		2024		2025		2026	% Change 2025 v 2026		CAGR% 2024 – 2026			Regions		2024		2025		2026	% Change 2025 v 2026		CAGR% 2024 – 2026
United States	$255,278		$154,516		$202,837		31.3	%	-10.9	%		United States	$451,545		$330,450		$385,724		16.7	%	-7.6	%
Europe		30,034		29,408		29,686	0.9	%	-0.6	%		Europe		46,033		55,875		63,086	12.9	%	17.1	%
Latin America		22,632		14,066		10,771	-23.4	%	-31.0	%		Latin America		33,867		27,572		21,870	-20.7	%	-19.6	%
Canada		7,068		9,237		5,960	-35.5	%	-8.2	%		Canada		16,726		21,342		16,032	-24.9	%	-2.1	%
Asia		2,345		1,526		2,745	79.9	%	8.2	%		Asia		4,578		3,725		6,896	85.1	%	22.7	%
Australia & New Zealand		3,339		2,095		1,616	-22.9	%	-30.4	%		Australia & New Zealand		6,292		3,594		5,618	56.3	%	-5.5	%
Middle East & Africa		910		362		607	67.7	%	-18.3	%		Middle East & Africa		1,260		999		910	-8.9	%	-15.0	%
Total	$321,606		$211,210		$254,222		20.4	%	-11.1	%		Total	$560,301		$443,557		$500,136		12.8	%	-5.5	%
(In thousands)	QTD Q3											(In thousands)	YTD Q3
Regions		2024		2025		2026	% Change 2025 v 2026		CAGR% 2024 – 2026			Regions		2024		2025		2026	% Change 2025 v 2026		CAGR% 2024 – 2026
North America	$262,346		$163,753		$208,797		27.5	%	-10.8	%		North America	$468,271		$351,792		$401,756		14.2	%	-7.4	%
International		59,260		47,457		45,425	-4.3	%	-12.4	%		International		92,030		91,765		98,380	7.2	%	3.4	%
Total	$321,606		$211,210		$254,222		20.4	%	-11.1	%		Total	$560,301		$443,557		$500,136		12.8	%	-5.5	%
(In thousands)	QTD Q3											(In thousands)	YTD Q3
Regions		2024		2025		2026	% Change 2025 v 2026		CAGR% 2024 – 2026			Regions		2024		2025		2026	% Change 2025 v 2026		CAGR% 2024 – 2026
United States	$255,278		$154,516		$202,837		31.3	%	-10.9	%		United States	$451,545		$330,450		$385,724		16.7	%	-7.6	%
Rest of World		66,328		56,694		51,385	-9.4	%	-12.0	%		Rest of World		108,756		113,107		114,412	1.2	%	2.6	%
Total	$321,606		$211,210		$254,222		20.4	%	-11.1	%		Total	$560,301		$443,557		$500,136		12.8	%	-5.5	%

ATHENS, Greece, Oct. 22, 2026 (GLOBE NEWSWIRE) — Dynagas LNG Partners LP (the “Partnership”) (NYSE: “DLNG”), an owner of LNG carriers, today announced that its Board of Directors has declared a cash distribution of $0.5625 per unit on its Series A Cumulative Redeemable Perpetual Preferred Units (the “Series A Preferred Units”) (NYSE: DLNG PR A) for the period from August 12, 2026 to November 11, 2026.

The cash distribution is payable on November 12, 2026, to all preferred unit holders of record as of November 4, 2026.

Distributions on the Series A Preferred Units will be payable quarterly in arrears on the 12^th day (unless the 12^th falls on a weekend or public holiday, in which case the payment date is moved to the next business day) of February, May, August and November of each year, when, as and if declared by our Board of Directors. This is the forty-fourth sequential cash distribution on the Series A Preferred Units since they began trading on the NYSE.

The Partnership has 3,000,000 Series A Preferred Units outstanding as of the date of this press release.

About Dynagas LNG Partners LP

Dynagas LNG Partners LP. (NYSE: DLNG) is a master limited partnership which owns and operates liquefied natural gas (LNG) carriers employed on multi-year charters. The Partnership’s current fleet consists of six LNG carriers, with aggregate carrying capacity of approximately 914,000 cubic meters. Visit the Partnership’s website at www.dynagaspartners.com

Contact Information:
Dynagas LNG Partners LP
Attention: Michael Gregos
Tel. +30 210 8917960
Email: management@dynagaspartners.com

Investor Relations/ Financial Media:
Nicolas Bornozis/Markella Kara
Capital Link, Inc.

230 Park Avenue, Suite 1540
New York, NY 10169
Tel. (212) 661-7566
E-mail: dynagas@capitallink.com

Forward-Looking Statements
Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts.

The Partnership desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “believe,” “anticipate,” “intends,” “estimate,” “forecast,” “project,” “plan,” “potential,” “may,” “should,” “expect,” “expected,” “pending” and similar expressions identify forward-looking statements.

The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, examination by the Partnership’s management of historical operating trends, data contained in its records and other data available from third parties. Although the Partnership believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the Partnership’s control, the Partnership cannot assure you that it will achieve or accomplish these expectations, beliefs or projections.

In addition to these important factors, other important factors that, in the Partnership’s view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand for Liquefied Natural Gas (LNG) shipping capacity, changes in the Partnership’s operating expenses, including bunker prices, drydocking and insurance costs, the market for the Partnership’s vessels, availability of financing and refinancing, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, vessel breakdowns and instances of off-hires and other factors. Please see our filings with the U.S. Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties. The information set forth herein speaks only as of the date hereof, and the Partnership disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this communication.

GAITHERSBURG, Md., Oct. 22, 2026 (GLOBE NEWSWIRE) — Elutia Inc. (Nasdaq: ELUT) (“Elutia” or the “Company”), a pioneer in drug-eluting biomatrix technologies, today announced that it will release its third quarter 2026 financial results after market close on Thursday, November 5, 2026. Members of the Company’s management team will host a conference call and webcast starting at 5:00 p.m. Eastern Time / 2:00 p.m. Pacific Time on the same day.

The conference call can be accessed using the following information:

Webcast: Click here

Dial-In: Click here

To receive the dial-in number, as well as your personalized PIN, you must register at the above link. Once registered, you will also have the option to have the system dial-out to you once the conference call begins. If you forget your PIN prior to the conference call, you can simply re-register.

Please log in approximately 10 minutes prior to the scheduled start time. A live and archived webcast of the event will be available on the “Investors” section of the Elutia website at http://investors.elutia.com/.

About Elutia
Elutia develops and commercializes drug-eluting biomatrix products to improve compatibility between medical devices and the patients who need them. With a growing population in need of implantable technologies, Elutia’s mission is humanizing medicine so patients can thrive without compromise. For more information, visit www.Elutia.com.

Investors:
Elutia Investor Relations
ir@elutia.com

Renewed agreement continues Adeia’s media IP license with one of the world’s largest television and consumer electronics manufacturers

SAN JOSE, Calif., Oct. 22, 2026 (GLOBE NEWSWIRE) — Adeia Inc. (Nasdaq: ADEA), the technology company pioneering foundational innovations that shape how the world computes, connects and experiences entertainment, today announced that TCL Electronics Holdings Limited (“TCL”), a global leader in consumer electronics and one of the world’s largest television manufacturers headquartered in Shenzhen, China, has entered into a multi-year license renewal with Adeia for access to its media intellectual property (IP) portfolio.

This renewal underscores the strength of Adeia’s licensing relationships with leading consumer electronics manufacturers globally as they navigate an evolving media technology landscape.

“We’re pleased to continue our relationship with TCL,” said Dr. Mark Kokes, chief revenue officer of Adeia. “This renewal reflects the continued relevance of our media portfolio as smart TVs become increasingly important platforms for streaming, content discovery, personalization, advertising and connected consumer experiences.”

Adeia continues to invest in and expand its media IP portfolio, which has been developed through decades of research and development. This growing portfolio underpins content discovery, personalization, and streaming capabilities for consumer electronics manufacturers worldwide.

About Adeia

Adeia Inc. (Nasdaq: ADEA) develops foundational innovations that shape how the world computes, connects and experiences entertainment. Its inventions span a broad range of semiconductor and media technologies, including 3D interconnect (hybrid bonding) and advanced thermal management for AI datacenters, as well as content discovery, personalization, and streaming. These inventions are licensed to leaders across the chip design and manufacturing, consumer electronics, automotive, digital entertainment, and e-commerce industries. Adeia’s innovations enable more powerful and efficient products, and more immersive, personalized experiences across billions of devices worldwide. Learn more at www.adeia.com.

About TCL

Founded in 1981, TCL—short for “The Creative Life”—is dedicated to empowering smarter, healthier lifestyles through next-generation experiences. Operating through two independent entities, TCL Industries and TCL Technology, TCL delivers innovative solutions spanning TVs, smartphones, audio products, smart home devices, display technologies, and clean energy.

Today, with 50 R&D centers and 47 manufacturing bases globally, TCL operates in over 160 countries and regions, reinforcing its position as a globally competitive smart technology brand. To further inspire greatness, TCL has become an official Worldwide Olympic and Paralympic Partner in the Home Audiovisual Equipment and Home Appliances category. Learn more at https://www.tcl.com/global/en

Contacts

Adeia Investor Relations
Chris Chaney 
IR@adeia.com

Adeia Media Relations
Anna Enerio 
marketing@adeia.com

MONDOVI, Wis., Oct. 22, 2026 (GLOBE NEWSWIRE) — Marten Transport, Ltd. (Nasdaq/GS:MRTN) today reported a 30.7% improvement in net income to $2.9 million, or 4 cents per diluted share, for the third quarter ended September 30, 2026, from $2.2 million, or 3 cents per diluted share, for the third quarter of 2025. For the nine-month period ended September 30, 2026, net income was $9.6 million, or 12 cents per diluted share, compared with $13.7 million, or 17 cents per diluted share, for the 2025 nine-month period.

Operating revenue was $223.2 million for the third quarter of 2026 compared with $220.5 million for the third quarter of 2025. Our intermodal operations, which were sold in 2025, had operating revenue of $9.9 million in the 2025 quarter. Excluding fuel surcharges, operating revenue was $184.2 million for the 2026 quarter compared with $194.0 million for the 2025 quarter. Fuel surcharge revenue increased to $39.0 million for the 2026 quarter from $26.5 million for the 2025 quarter.

Operating revenue was $650.3 million for the first nine months of 2026 compared with $673.5 million for the first nine months of 2025. Our intermodal operations had operating revenue of $33.7 million in the first nine months of 2025. Excluding fuel surcharges, operating revenue was $546.6 million for the 2026 period compared with $593.5 million for the 2025 period. Fuel surcharge revenue increased to $103.7 million for the 2026 period from $80.0 million for the 2025 period.

Operating income improved 11.9% to $3.1 million for the third quarter of 2026 from $2.7 million for the third quarter of 2025.

Operating income was $11.6 million for the first nine months of 2026 compared with $18.3 million for the first nine months of 2025.

Operating expenses as a percentage of operating revenue improved to 98.6% for the 2026 quarter from 98.8% for the 2025 quarter. Operating expenses as a percentage of operating revenue, with both amounts net of fuel surcharges, improved to 98.3% for the 2026 quarter from 98.6% for the 2025 quarter.

Operating expenses as a percentage of operating revenue were 98.2% for the first nine months of 2026 and 97.3% for the first nine months of 2025. Operating expenses as a percentage of operating revenue, with both amounts net of fuel surcharges, were 97.9% for the 2026 period and 96.9% for the 2025 period.

Chairman of the Board and Chief Executive Officer Randolph L. Marten stated, “The truckload freight market has sharply tightened since earlier this year as renewed and enhanced enforcement of federal and state law is removing a meaningful amount of noncompliant and unqualified driver capacity from the marketplace. We are securing higher pricing from our customers for our premium services while enhancing freight quality across our network within these early stages of the freight market upcycle. Our Truckload average rate per total mile, net of fuel surcharges, increased 14.1% over the third quarter of 2025.”

“Despite these positive trends, our earnings were negatively affected by unusually high net fuel and health insurance costs. Relative to our average quarterly levels during the first half of the year, net fuel increased by $3.5 million and health insurance, within salaries, wages and benefits, increased by $2.0 million in the third quarter. Over the same period, the increase in our rate of driver pay negatively impacted results by $1.0 million, while a larger gain on sale of revenue equipment provided a $1.5 million benefit. Collectively, these factors reduced our third quarter net income by $3.7 million, or 4.5 cents per share.”

“We are focused on mitigating the impact of the recent rise in diesel fuel prices to record levels through disciplined fuel expense and fuel surcharge management initiatives. The margin pressure results primarily from the timing lag inherent in truckload industry fuel surcharge programs relative to rapidly rising diesel fuel costs, as well as the higher fuel consumption associated with our temperature-controlled operations.”

“As we continue through our 80^th year, our priorities remain unchanged: delivering safe, premium service, driving operating efficiencies through data and technology, and maintaining rigorous cost discipline. Our strong, debt-free balance sheet provides the financial flexibility to continue investing in our technology and modern fleet, while positioning the Company to capitalize on attractive opportunities for profitable organic growth.”

Current Investor Presentation

Marten Transport, with headquarters in Mondovi, Wis., is a multifaceted business offering a network of time and temperature-sensitive and dry truck-based transportation and distribution capabilities across Marten’s five distinct business platforms – Temperature-Sensitive and Dry Truckload, Dedicated, Brokerage and MRTN de Mexico. Marten’s Intermodal operations were sold effective September 30, 2025. Marten is one of the leading temperature-sensitive truckload carriers in the United States, specializing in transporting and distributing food, beverages and other consumer packaged goods that require a temperature-controlled or insulated environment. The Company offers service in the United States, Mexico and Canada, concentrating on expedited movements for high-volume customers. Marten’s common stock is traded on the Nasdaq Global Select Market under the symbol MRTN.

This press release contains certain statements that may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include a discussion of Marten’s prospects for future growth, including the impact on the freight market of renewed and enhanced enforcement of federal and state law that is removing a meaningful amount of noncompliant and unqualified driver capacity from the marketplace, and by their nature involve substantial risks and uncertainties, and actual results may differ materially from those expressed in such forward-looking statements. Important factors known to the Company that could cause actual results to differ materially from those discussed in the forward-looking statements are discussed in Part I, Item 1A of the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, and in Part II, Item 1A of the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2026. The Company undertakes no obligation to correct or update any forward-looking statements, whether as a result of new information, future events or otherwise.

CONTACTS: Randy Marten, Chairman of the Board and Chief Executive Officer, Doug Petit, President, and Jim Hinnendael, Executive Vice President and Chief Financial Officer, of Marten Transport, Ltd., 715-926-4216.

MARTEN TRANSPORT, LTD. CONSOLIDATED CONDENSED BALANCE SHEETS
	September 30,				December 31,
(In thousands, except share information)	2026				2025
	(Unaudited)
ASSETS
Current assets:
Cash and cash equivalents	$	91,503			$	43,278
Escrow deposit		5,000				5,000
Receivables:
Trade, net		96,911				85,807
Other		8,403				13,084
Prepaid expenses and other		22,574				24,532
Total current assets		224,391				171,701
Property and equipment:
Revenue equipment, buildings and land, office equipment and other		1,086,781				1,128,932
Accumulated depreciation		(356,617	)			(352,426	)
Net property and equipment		730,164				776,506
Other noncurrent assets		1,411				1,560
Total assets	$	955,966			$	949,767
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$	35,784			$	28,769
Insurance and claims accruals		42,620				43,700
Accrued and other current liabilities		23,038				19,763
Total current liabilities		101,442				92,232
Deferred income taxes		90,278				89,716
Noncurrent operating lease liabilities		82				194
Total liabilities		191,802				182,142
Stockholders’ equity:
Preferred stock, $.01 par value per share; 2,000,000 shares authorized; no shares issued and outstanding		–				–
Common stock, $.01 par value per share; 192,000,000 shares authorized; 81,661,669 shares at September 30, 2026, and 81,542,174 shares at December 31, 2025, issued and outstanding		817				815
Additional paid-in capital		56,364				54,762
Retained earnings		706,983				712,048
Total stockholders’ equity		764,164				767,625
Total liabilities and stockholders’ equity	$	955,966			$	949,767

MARTEN TRANSPORT, LTD. CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS (Unaudited)
	Three Months								Nine Months
	Ended September 30,								Ended September 30,
(In thousands, except per share information)	2026				2025				2026				2025
Operating revenue	$	223,231			$	220,470			$	650,300			$	673,544
Operating expenses (income):
Salaries, wages and benefits		72,970				78,972				217,627				236,342
Purchased transportation		37,917				42,284				110,204				123,063
Fuel and fuel taxes		49,302				33,526				128,976				99,234
Supplies and maintenance		15,639				15,585				46,085				46,704
Depreciation		24,458				25,447				74,226				80,224
Operating taxes and licenses		2,252				2,423				6,770				7,291
Insurance and claims		11,153				11,382				33,704				40,611
Communications and utilities		2,118				2,093				6,375				6,536
Gain on disposition of revenue equipment		(3,027	)			(1,903	)			(6,120	)			(8,750	)
Other		7,385				7,923				20,881				23,958
Total operating expenses		220,167				217,732				638,728				655,213
Operating income		3,064				2,738				11,572				18,331
Other		(882	)			(213	)			(2,060	)			(998	)
Income before income taxes		3,946				2,951				13,632				19,329
Income taxes expense		1,037				725				4,002				5,582
Net income	$	2,909			$	2,226			$	9,630			$	13,747
Basic earnings per common share	$	0.04			$	0.03			$	0.12			$	0.17
Diluted earnings per common share	$	0.04			$	0.03			$	0.12			$	0.17
Dividends declared per common share	$	0.06			$	0.06			$	0.18			$	0.18

MARTEN TRANSPORT, LTD. SEGMENT INFORMATION (Unaudited)
									Dollar				Percentage
									Change				Change
	Three Months								Three Months				Three Months
	Ended								Ended				Ended
	September 30,								September 30,				September 30,
(Dollars in thousands)	2026				2025				2026 vs. 2025				2026 vs. 2025
Operating revenue:
Truckload revenue, net of fuel surcharge revenue	$	94,053			$	90,138			$	3,915				4.3	%
Truckload fuel surcharge revenue		23,251				14,691				8,560				58.3
Total Truckload revenue		117,304				104,829				12,475				11.9
Dedicated revenue, net of fuel surcharge revenue		51,442				56,675				(5,233	)			(9.2	)
Dedicated fuel surcharge revenue		15,748				10,335				5,413				52.4
Total Dedicated revenue		67,190				67,010				180				0.3
Brokerage revenue		38,737				38,780				(43	)			(0.1	)
Intermodal revenue, net of fuel surcharge revenue		–				8,369				(8,369	)			(100.0	)
Intermodal fuel surcharge revenue		–				1,482				(1,482	)			(100.0	)
Total Intermodal revenue		–				9,851				(9,851	)			(100.0	)
Total operating revenue	$	223,231			$	220,470			$	2,761				1.3	%
Operating income/(loss):
Truckload	$	(192	)		$	(2,002	)		$	1,810				90.4	%
Dedicated		1,248				3,426				(2,178	)			(63.6	)
Brokerage		2,008				1,607				401				25.0
Intermodal		–				(293	)			293				100.0
Total operating income	$	3,064			$	2,738			$	326				11.9	%
Operating ratio:
Truckload		100.2	%			101.9	%
Dedicated		98.1				94.9
Brokerage		94.8				95.9
Intermodal		–				103.0
Consolidated operating ratio		98.6	%			98.8	%
Operating ratio, net of fuel surcharges:
Truckload		100.2	%			102.2	%
Dedicated		97.6				94.0
Brokerage		94.8				95.9
Intermodal		–				103.5
Consolidated operating ratio, net of fuel surcharges		98.3	%			98.6	%

MARTEN TRANSPORT, LTD. SEGMENT INFORMATION (Unaudited)
									Dollar				Percentage
									Change				Change
	Nine Months								Nine Months				Nine Months
	Ended								Ended				Ended
	September 30,								September 30,				September 30,
(Dollars in thousands)	2026				2025				2026 vs. 2025				2026 vs. 2025
Operating revenue:
Truckload revenue, net of fuel surcharge revenue	$	276,084			$	272,728			$	3,356				1.2	%
Truckload fuel surcharge revenue		62,930				42,978				19,952				46.4
Total Truckload revenue		339,014				315,706				23,308				7.4
Dedicated revenue, net of fuel surcharge revenue		157,194				180,418				(23,224	)			(12.9	)
Dedicated fuel surcharge revenue		40,755				32,091				8,664				27.0
Total Dedicated revenue		197,949				212,509				(14,560	)			(6.9	)
Brokerage revenue		113,337				111,658				1,679				1.5
Intermodal revenue, net of fuel surcharge revenue		–				28,730				(28,730	)			(100.0	)
Intermodal fuel surcharge revenue		–				4,941				(4,941	)			(100.0	)
Total Intermodal revenue		–				33,671				(33,671	)			(100.0	)
Total operating revenue	$	650,300			$	673,544			$	(23,244	)			(3.5	)%
Operating income/(loss):
Truckload	$	1,281			$	42			$	1,239				2,950.0	%
Dedicated		5,310				13,709				(8,399	)			(61.3	)
Brokerage		4,981				6,463				(1,482	)			(22.9	)
Intermodal		–				(1,883	)			1,883				100.0
Total operating income	$	11,572			$	18,331			$	(6,759	)			(36.9	)%
Operating ratio:
Truckload		99.6	%			100.0	%
Dedicated		97.3				93.5
Brokerage		95.6				94.2
Intermodal		–				105.6
Consolidated operating ratio		98.2	%			97.3	%
Operating ratio, net of fuel surcharges:
Truckload		99.5	%			100.0	%
Dedicated		96.6				92.4
Brokerage		95.6				94.2
Intermodal		–				106.6
Consolidated operating ratio, net of fuel surcharges		97.9	%			96.9	%

MARTEN TRANSPORT, LTD. OPERATING STATISTICS (Unaudited)
	Three Months								Nine Months
	Ended September 30,								Ended September 30,
	2026				2025				2026				2025
Truckload Segment:
Revenue (in thousands)	$	117,304			$	104,829			$	339,014			$	315,706
Average revenue, net of fuel surcharges, per tractor per week(1)	$	4,749			$	4,129			$	4,588			$	4,178
Average tractors(1)		1,507				1,661				1,543				1,674
Average miles per trip		506				508				511				523
Non-revenue miles percentage(2)		10.7	%			11.0	%			10.7	%			11.1	%
Total miles (in thousands)		34,825				38,081				108,587				115,575
Dedicated Segment:
Revenue (in thousands)	$	67,190			$	67,010			$	197,949			$	212,509
Average revenue, net of fuel surcharges, per tractor per week(1)	$	3,862			$	3,776			$	3,896			$	3,811
Average tractors(1)		1,013				1,142				1,035				1,214
Average miles per trip		292				292				295				300
Non-revenue miles percentage(2)		1.1	%			1.1	%			1.1	%			1.3	%
Total miles (in thousands)		21,559				23,206				65,960				73,574
Brokerage Segment:
Revenue (in thousands)	$	38,737			$	38,780			$	113,337			$	111,658
Loads		22,141				25,940				70,613				70,450
Intermodal Segment:
Revenue (in thousands)	$	–			$	9,851			$	–			$	33,671
Loads		–				2,956				–				10,168
Average tractors		–				61				–				72
At September 30, 2026 and September 30, 2025:
Total tractors(1)		2,501				2,823
Average age of company tractors (in years)		2.5				2.2
Total trailers		5,065				5,165
Average age of company trailers (in years)		5.3				4.9
Ratio of trailers to tractors(1)		2.0				1.8

	Three Months								Nine Months
	Ended September 30,								Ended September 30,
(In thousands)	2026				2025				2026				2025
Net cash provided by operating activities	$	22,567			$	18,538			$	83,285			$	87,906
Net cash provided by/(used for) investing activities		(30,144	)			5,786				(21,020	)			(35,742	)
Net cash used for financing activities		(4,900	)			(4,891	)			(14,040	)			(14,946	)
Weighted average shares outstanding:
Basic		81,662				81,520				81,623				81,508
Diluted		81,664				81,527				81,625				81,516

(1)	Includes tractors driven by both company-employed drivers and independent contractors. Independent contractors provided 77 and 83 tractors as of September 30, 2026 and 2025, respectively.
(2)	Represents the percentage of miles for which the company is not compensated.