CC: TT pricing and APM growth lifted Q3 results as FY2026 EBITDA guidance reached $775M-$800M

What happened

Third-quarter sales rose 3% year over year and Adjusted EBITDA reached $200 million, helped by TT pricing and APM Performance Solutions growth, which offset softness in TSS. Full-year Adjusted EBITDA guidance is $775 million-$800 million, with earnings growth expected in 2027.

Confirmed

Global impact / market context

Adjusted EBITDA is a profit measure that strips out certain items. Hitting the $775 million-$800 million target would show pricing and the APM unit are carrying results while TSS struggles, which matters for whether the company can keep generating cash to fund operations and future spending.

Analyst inference

The results show a mixed business: two units are growing enough to offset weakness in a third. Guidance reaching $775 million-$800 million signals management expects that balance to hold this year, before a further earnings step-up in 2027.

Analyst inference

What to watch

1. Watch whether TT pricing stays strong enough to keep offsetting TSS softness, since that offset is what supported the third-quarter sales rise and the $200 million Adjusted EBITDA. Confirmed
2. Management expects earnings growth in 2027, so watch for any update on whether that expectation still holds, since no specific 2027 figure was given in the summary. Proposed
3. Track APM Performance Solutions growth as the second engine behind results, because slower growth there would leave pricing alone to cover TSS weakness and threaten the guidance range. Analyst inference

Evidence

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