Qnity Electronics, Inc.
For the period ended Mar 31, 2026. Filed May 12, 2026.
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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.
Mar 31, 2026 · Filed May 12, 2026
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Stockholders' Equity
NOTE 14 -STOCKHOLDERS' EQUITY
Share Repurchase Authorization
On February 20, 2026, the Company's Board of Directors approved a share repurchase authorization of up to $500 million of common stock (the "$500 M Authorization"). Under the $500 M Authorization, repurchases of common stock may be effected from time to time, either on the open market (including pre-set trading plans) or other transactions in accordance with applicable securities laws. The $500 M Authorization has no expiration date and will terminate once the authorized amount of shares have been repurchased and retired or when terminated by the Board of Directors. The timing and amount of repurchases under the program will depend on a variety of factors. During the three months ended March 31, 2026, the Company repurchased 219,581 shares under the $500 M Authorization for $25 million at an average share price of $113.78 per share. The aggregate amount of common stock available for repurchase under the $500 M Authorization as of March 31, 2026 was $475 million.
Accumulated Other Comprehensive Loss
The following tables summarize the activity related to each component of accumulated other comprehensive loss ("AOCL") for the three months ended March 31, 2026 and 2025:
| Accumulated Other Comprehensive Loss | Cumulative Translation Adj | Pension | Total |
|---|---|---|---|
| In millions | |||
| Balance at January 1, 2025 | $(435) | $21 | $(414) |
| Other comprehensive income | 53 | (2) | 51 |
| Balance at March 31, 2025 | $(382) | $19 | $(363) |
| Balance at January 1, 2026 | $(221) | $8 | $(213) |
| Other comprehensive loss | (50) | (1) | (51) |
| Balance at March 31, 2026 | $(271) | $7 | $(264) |
The tax effects on the net activity related to each component of other comprehensive loss were immaterial for each of the three months ended March 31, 2026 and 2025.
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