InfuSystem Holdings, Inc (INFU) · Nov 5, 2026 · Earnings

InfuSystem earnings beat as wound care offsets GE revenue loss

Beat — Diluted EPS $0.15 vs ~$0.13 consensus; revenue $37.6M vs ~$37.39M

InfuSystem’s third-quarter earnings narrowly beat consensus as wound care and Oncology growth offset the ongoing GE contract revenue loss.

InfuSystem is in the middle of a profitable-growth transition: it is replacing revenue lost from the GE Healthcare contract restructuring with faster-growing Patient Services, especially Oncology and compression-focused Wound Care, while using the restructuring and ERP completion to improve margins. That direction was already established in prior 2026 updates, including unchanged full-year guidance for 6%–8% pro-forma revenue growth.

The quarter cleared the published benchmark, but only narrowly. Diluted EPS of $0.15 was above the roughly $0.13 consensus, while revenue of $37.6 million was modestly above the approximately $37.39 million estimate.

	Q3 2026	Q3 2025	Consensus
Revenue (Financial Statements)	$37.6M (+3.0%)	$36.5M	~$37.39M
Diluted EPS (Income Statement)	$0.15	$0.11	~$0.13
Adjusted EBITDA (GAAP to Non-GAAP Reconciliation)	$9.4M (+12.5%)	$8.3M
Adjusted EBITDA margin (GAAP to Non-GAAP Reconciliation)	24.9%	22.8%

Patient Services is now doing the strategic heavy lifting. Patient Services revenue rose 15.4% to $25.8 million, led by Oncology growth of 7.2% and Wound Care growth of 112%; management specifically highlighted $2.0 million of incremental Wound Care revenue, including roughly $1.6 million from compression therapy. This is the clearest evidence that the company is building replacement growth rather than merely absorbing the GE setback.

The headline revenue growth understates the underlying recovery. Reported revenue increased only 3.0% because Device Solutions fell 16.6%, including the planned GE-related reduction. On a pro-forma basis, revenue growth was 10.2%, and biomedical services revenue excluding the restructuring grew 19.8%, suggesting the lost contract volume is being replaced, though not yet fully visible in reported revenue.

Profitability improved more than the top line, which is the important quality signal. Adjusted EBITDA rose 12.5% and margin expanded to 24.9% from 22.8%, helped by GE-related cost reductions, lower ERP spending and better Device Solutions gross margins. The tradeoff is that Patient Services margin fell 3.3 percentage points because the faster-growing Wound Care mix carries lower margins, so growth is improving but not uniformly high-margin.

Guidance was reaffirmed, not upgraded. Management kept its 2026 pro-forma revenue-growth target at 6%–8% and its low-to-mid-20% Adjusted EBITDA margin outlook. 〔0〕 That makes the quarter an execution beat, not a fundamental reset of the outlook.

Cash generation and balance-sheet flexibility improved, despite temporary ERP billing disruption. Nine-month operating cash flow rose to $18.1 million, cash increased to $9.1 million, and net debt fell to $10.6 million. The company also said roughly $1.3 million of the approximately $5.0 million ERP-related working-capital pressure had converted to cash by October, reducing concern that the billing issue reflects weaker demand.

Bottom line: This was a modest earnings beat that strengthens the existing InfuSystem story: Patient Services growth and better cost structure are replacing the GE revenue loss faster than reported revenue suggests. But with full-year guidance merely reaffirmed, the quarter advances the plan without changing its scale or direction.

What to watch next

Q3 earnings call, November 10, 2026

Original filing on SEC EDGAR

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AllSight · BlackBerry Q2 FY27

Revenue $163.3M vs ~$144M expected; adjusted basic EPS $0.07 vs ~$0.04 consensus — a real upside surprise.Income statement
QNX revenue +27% to $80.3M; segment EBITDA $29.0M from $20.5M. “Record performance… core automotive.”Segment — QNX
Licensing jumped to $22.1M from $6.6M — it amplified the beat, but it's less recurring than QNX, so the quality sits in QNX.Segment — Licensing
FY27 guide lifted to $616–636M rev / $141–158M EBITDA, above the prior $594–621M / $119–139M framework.Guidance
QNX growth, margins, cash and a raised outlook all beat. But licensing amplified it and Secure Comms is flat — net retention 91% from 93%.Segment — Secure Comms

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Events/ANDE/8-K · Earnings

8-K · Item 2.02 · Earnings

The Andersons — a record Renewables quarter that beat profit expectations

Filed Aug 3, 2026ANDE · NASDAQ

AllSight readBeatPriced in▲ 1.8% since filed · reaction agrees

adj. EPS $2.15 vs ~$1.48 consensus

This filing tests whether The Andersons' sharp profit increase reflects broad operating improvement or a one-off renewable-fuels boost. It also separates strong adjusted earnings and cash generation from the quarter's legal and impairment charges.

The quarter was substantially stronger than both last year and the published earnings expectation. Adjusted EPS reached $2.15, versus $0.24 a year earlier and above the published consensus of about $1.48; reported EPS was $1.65. Adjusted EBITDA more than doubled to $140 million, while sales slipped modestly — the improvement came from margins and operating performance rather than higher revenue. Financial Highlights · Statements of Operations

Q2 ($M, exc. per-share)	Q2 2026	Q2 2025	YoY
Sales & merchandising revenue	3,097.7	3,135.9	−1%
Net income (attributable)	56.6	7.9	+48.7
Diluted EPS	1.65	0.23	+1.42
Adjusted EPS	2.15	0.24	+1.91
Adjusted EBITDA	140.3	65.2	+75.1
Agribusiness adj. pretax	20.3	16.8	+3.5
Renewables adj. pretax	88.4	9.6	+78.8
Cash from operations	487.9	299.3	+188.6
Cash from ops (pre-WC)	112.9	42.9	+70.1

Renewables drove nearly all of the upside — the operating backdrop was strong, but the result also benefited materially from tax credits. Renewables' adjusted pretax income rose to $88 million on record production, stronger ethanol margins and merchandising gains. It also received $24 million of 45Z producer tax credits, so this was not solely a repeatable plant-margin improvement; the company did cite healthy export and domestic ethanol demand as supportive. Renewables — Record Q2 · Segment Data

Agribusiness improved, but it was a supporting contributor rather than the main earnings engine. Adjusted pretax income increased to $20 million as fertilizer margins improved and merchandising benefited from commodity-price volatility, despite lower fertilizer volumes. Agribusiness — Improved Q2 · Segment Data

Cash generation improved and funding capacity is comfortable, while reported earnings still absorbed meaningful non-core costs. Operating cash flow was $488 million ($113 million before working-capital changes); capital spending was $76 million. Adjusted EPS excludes $0.50 of legal-settlement, impairment and transaction items, so the $2.15 adjusted result runs ahead of the $1.65 reported. Leverage stays below the <2.5× debt-to-EBITDA target; no new quantified full-year outlook was given. Cash & Liquidity · Adjusted Net Income

Community sentiment · 612 votes

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InfuSystem earnings beat as wound care offsets GE revenue loss

What to watch next

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