Key Highlights

  • A fuel services group posted Revenue of $13.27 billion, up 41%, the biggest of the five companies.
  • A dispensing systems maker posted EPS of $0.51 versus adjusted EPS of $1.52, following a loss from deconsolidating a Russian unit.
  • An office products group reported net sales down 0.9% to $380.3 million, but raised its full-year adjusted EPS outlook.
  • A composite matting Business posted revenue up 11% to $76.3 million and reduced full-year revenue guidance.
  • An electric motorcycle maker posted revenue up 38% to $7.9 million alongside a Going Concern warning.

Which packaging, office products and services firms released third quarter 2026 results?

Five companies tied to packaging, office products and services released third quarter 2026 results on October 29, 2026. AptarGroup (NYSE:ATR) posted sales of $1.02 billion, up 6%, with reported EPS of $0.51 and adjusted EPS of $1.52. ACCO Brands (NYSE:ACCO) reported net sales of $380.3 million, down 0.9%, with adjusted EPS of $0.28. LiveWire Group (NYSE:LVWR) reported revenue of $7.9 million, up 38%, and a net loss of $18.6 million. World Kinect (NYSE:WKC) reported revenue of $13.27 billion, up 41%, with adjusted EPS of $0.99. NPK International (NYSE:NPKI) reported revenue of $76.3 million, up 11%, with a 26.2% adjusted EBITDA margin.

The five companies are not directly comparable, so each section below sticks to what that company's own report said, and the comparison section labels every calculated figure.

AptarGroup: What Pushed Reported EPS So Far Below Adjusted EPS?

During the quarter, AptarGroup deconsolidated its Russian Subsidiary after a government decree placed it under external administration. It recorded a $58.0 million loss on deconsolidation, and reported Net Income was $33 million, or $0.51 per share, compared with $1.92 a year earlier. Adjusted EPS was $1.52, versus $1.62 in the prior year period at comparable exchange rates.

Core sales grew 5%, and Closures reported growth of 11%. Adjusted EBITDA Margin came in at 21.3%, down from 23.2%. The board approved a quarterly Dividend of $0.50, up from $0.48, payable on December 3, 2026, and the company guided fourth quarter adjusted EPS to $1.39 to $1.47. Pharma reported 2% growth, or 8% core growth after adjusting for emergency medicine destocking.

ACCO Brands: How Much Did Tariff Refunds Lift the Quarter?

ACCO Brands said net tariff refunds boosted Operating Income by $15.1 million, or $0.11 per diluted share, and added 400 basis points to the adjusted operating margin. Diluted EPS was $0.12 and adjusted EPS was $0.28, both including that $0.11.

Comparable sales fell 6.2% as technology peripherals softened, while the EPOS Acquisition contributed 4.9%. The company closed its Trust acquisition on October 1, 2026, and now expects full-year adjusted EPS of $0.98 to $1.02, including $0.12 from the refund, with reported sales up 4.0% to 6.0%. Free Cash Flow for the nine months was $89.0 million, and the Leverage Ratio was 3.6 times at September 30, 2026.

LiveWire Group: What Came With Its 38% Revenue Growth?

LiveWire Group sold 7,233 revenue units, up 21%, and its net loss narrowed to $18.6 million from $19.4 million. Cash and cash equivalents stood at $39.9 million at September 30, 2026, down from $82.8 million at year end.

Management concluded that there is substantial doubt about the company's ability to continue as a going concern. On October 22, 2026, the board formed a special restructuring committee, and the company withdrew its 2026 operating loss guidance of $70 million to $80 million. Shareholders' Equity was negative $5.5 million. Electric Motorcycles revenue rose 178% to $2.7 million, which the company said was flattered by heavier incentives in the year earlier quarter.

World Kinect: How Did Revenue Grow 41% on 6% Lower Gallons?

Volume fell 6% to 4,038 million gallons and gallon equivalents, so the company ties the higher Top Line to fuel prices rather than extra volume. Gross Profit reached $288 million, up 15%, and Marine gross profit jumped 131% to $59 million.

Diluted EPS was $0.70, compared with $0.46, and adjusted EPS was $0.99, compared with $0.54. Free cash flow was $164 million. Full-year adjusted EPS guidance moved up to $3.52 to $3.62 from $3.20 to $3.40, while the provision for Credit losses was $25.7 million, against $1.6 million a year earlier. Operating Cash Flow was $175.1 million, and shares outstanding fell to 51.2 million from 54.1 million at year end.

NPK International: What Carried the Adjusted EBITDA Margin to 26.2%?

Adjusted EBITDA from continuing operations was $20.0 million, up 30%, and the margin widened 390 basis points from 22.3%. Management said dry Texas weather delayed large Utility projects that would have used matting, yet revenue still grew 11%.

Income from continuing operations was $6.3 million, or $0.07 per diluted share, flat per share from a year earlier. Free cash flow was negative $4.4 million, and the company bought back 1.0 million shares for $13.4 million. Full-year revenue guidance now sits at $300 million to $305 million, with adjusted EBITDA of $90 million to $93 million. Management said quoting activity has held at year over year growth of about 20%, and growth expectations for 2027 are unchanged.

How Do the Five Stack Up on Scale and Growth?

On a calculated basis, World Kinect's $13.27 billion of revenue is about 13.0 times AptarGroup's $1.02 billion, and it accounts for about 89.9% of the five companies' combined $14.75 billion (calculated). LiveWire Group's $7.9 million is about 0.06% of the World Kinect figure (calculated).

Growth ran from 41% at World Kinect to negative 0.9% at ACCO Brands, a spread of 41.9 percentage points (calculated). AptarGroup's reported EPS sits $1.01 below its adjusted EPS (calculated), and the midpoint of World Kinect's new guidance range, $3.57, is about 8.2% above the prior midpoint of $3.30 (calculated).

Guidance moved in different directions: ACCO Brands and World Kinect raised theirs, NPK International reduced revenue guidance, LiveWire Group withdrew its operating loss guidance, and AptarGroup gave guidance only for the fourth quarter.

What to Watch Next: Payouts, Filings and Guidance

LiveWire Group expects to file its Quarterly Report on or before November 9, 2026, which should bring fuller detail on Liquidity plans. ACCO Brands declared a quarterly dividend of $0.075, payable on December 9, 2026, to holders of record on November 20, 2026, and AptarGroup's $0.50 dividend is payable on December 3, 2026.

AptarGroup's fourth quarter adjusted EPS range is $1.39 to $1.47. World Kinect's raised range implies roughly $0.50 to $0.60 for the fourth quarter (calculated), and NPK International plans its Carencro, Louisiana expansion by mid-2027.