Earnings

That compares with $9.5 million, or $1.45, in the second quarter of 2026 and $4.7 million, or $0.72, in the third quarter of 2025. On a calculated basis, net income grew about 132% year over year and about 15% sequentially.

After $2.4 million of preferred dividends, the net loss applicable to common stockholders was $3.9 million, or $(0.11) per share, versus $0.05 a year earlier. For the nine months, the common loss narrowed to $(0.12) per share from $(0.25).

The company said the increase came from higher occupancy and integrated services growth in Canada, plus a stronger Australian dollar. Canadian revenue rose 38% and adjusted EBITDA rose 47%, driven mainly by higher occupancy at oil sands lodges, reflecting stronger-than-expected turnaround activity.

Net operating income reached $179.1 million, or $1.90 per diluted share, compared with $127.2 million, or $1.29, in the prior year quarter.

Net income still climbed to $718.7 million from $432.6 million, equal to $2.51 per diluted share against $1.50.

The company's core net income, a non-GAAP measure, was $40.6 million, or $0.16 per share, versus $15.4 million, or $0.07. Return on average assets was 0.13%, against 0.55%, while core return on average assets rose to 0.97% from 0.56%.

United States sales slipped 1% to $540.9 million, which the company tied to later shipments of Fall 2026 wholesale orders, partly offset by direct-to-consumer growth. Latin America and Asia Pacific rose 11%, Europe, Middle East and Africa rose 7%, and Canada fell 2%.