Qnity Electronics, Inc.
For the period ended Sep 30, 2025. Filed Nov 18, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 18, 2025
Q$125.09+6.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Combined Statements of Operations
Combined Statements of Operations (Unaudited)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| In millions, except per share amounts | 2025 | 2024 | 2025 | 2024 |
| Net sales | $1,276 | $1,148 | $3,564 | $3,234 |
| Cost of sales | 701 | 609 | 1,918 | 1,753 |
| Research and development expenses | 92 | 81 | 264 | 230 |
| Selling, general and administrative expenses | 159 | 156 | 453 | 461 |
| Amortization of intangibles | 51 | 57 | 156 | 177 |
| Restructuring and asset related charges - net | 1 | 4 | 20 | 7 |
| Equity in earnings of nonconsolidated affiliates | 15 | 10 | 37 | 33 |
| Other income (expense) - net | (1) | (1) | (3) | 9 |
| Interest expense | 14 | — | 14 | — |
| Income before income taxes | $272 | $250 | $773 | $648 |
| Provision for income taxes | 49 | 43 | 153 | 145 |
| Net income | $223 | $207 | $620 | $503 |
| Net income attributable to noncontrolling interests | 12 | 8 | 28 | 23 |
| Net income available for Qnity common stockholders | $211 | $199 | $592 | $480 |
| Per common share data: | ||||
| Earnings per common share - basic and diluted | $1.01 | $0.95 | $2.83 | $2.30 |
| Weighted-average common shares outstanding - basic and diluted | 209 | 209 | 209 | 209 |
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