Connect with us

Technology

V2X Reports First Quarter 2026 Results

Published

4 months ago

on

First Quarter Financial Highlights

Revenue of $1.25 billion, up 23% year-over-yearNet income of $18.9 million; Adjusted net income1 of $48.1 million, up 53% year-over-yearAdjusted EBITDA1 of $85.6 million; Adjusted EBITDA1 margin of 6.8%Diluted EPS of $0.60; Adjusted diluted EPS1 of $1.53, up 55% year-over-yearRecord backlog1 of $13.8 billion, driven by 3.2x book-to-bill1 in the quarter

Increasing 2026 Guidance

Increasing full-year 2026 guidance with 9% revenue and adjusted EBITDA1 growth at the midpoint

RESTON, Va., May 4, 2026 /PRNewswire/ — V2X, Inc. (NYSE:VVX) today announced first quarter 2026 financial results, and increased guidance for full-year 2026.

“V2X delivered a strong start to 2026, with double-digit growth on both the top and bottom lines, underscoring our team’s disciplined execution and our organization’s alignment to national security priorities,” said Jeremy C. Wensinger, President and Chief Executive Officer. “We secured approximately 50 awards in the quarter totaling approximately $4.1 billion, driving total backlog1 to a record $13.8 billion and reinforcing our position as a leading provider of mission capabilities. We are increasing our full-year outlook given the momentum underway. Supported by our strong balance sheet, we will continue to prioritize investments that accelerate innovation across the enterprise and enhance global operations, to deliver differentiated outcomes for customers and greater value for shareholders.”

First Quarter 2026 Results

In the first quarter, V2X reported revenue of $1.25 billion, representing year-over-year growth of 23%. The Company reported solid topline growth and strong operating performance, yielding double-digit growth in adjusted net income1 and adjusted EPS1. Net income for the quarter was $18.9 million. Adjusted net income1 was $48.1 million, an increase of 53%, year-over-year. First quarter GAAP diluted EPS was $0.60. Adjusted diluted EPS1 for the quarter increased 55% year-over-year to $1.53.

V2X delivered adjusted EBITDA1 of $85.6 million, with a margin1 of 6.8%, representing an increase of 28%, from the prior year.

First quarter net cash used by operating activities was $129.9 million. Adjusted net cash used by operating activities1 was $22.1 million.

At the end of the first quarter, net debt for V2X was $895.4 million, representing an improvement of $77 million year-over-year and a 2.5x net leverage ratio1. The Company expects to achieve a net leverage ratio1 less than 2.0x by the end of 2026.

As of April 3, 2026, total backlog1 was $13.8 billion and funded backlog1 was $2.3 billion. Book-to-bill1 in the first quarter was approximately 3.2x. Trailing twelve-month book-to-bill1 was approximately 1.5x.

Increasing 2026 Guidance

The Company is increasing its 2026 guidance ranges as follows:

$ millions, except for per share amounts

Prior 2026 Guidance

Updated 2026 Guidance

Revenue

$4,675

$4,825

$4,825

$4,975

Adjusted EBITDA1

$335

$350

$345

$360

Adjusted Diluted Earnings Per Share1

$5.50

$5.90

$5.75

$6.15

Adjusted Net Cash Provided by Operating Activities1

$150

$170

$160

$180

The Company is not providing a quantitative reconciliation with respect to the foregoing forward-looking non-GAAP measures in reliance on the “unreasonable efforts” exception set forth in SEC rules because certain financial information, the probable significance of which cannot be determined, is not available and cannot be reasonably estimated. For example, unusual, one-time, non-ordinary, or non-recurring costs, which relate to M&A, integration and related activities cannot be reasonably estimated. Forward-looking statements are based upon current expectations and are subject to factors that could cause actual results to differ materially from those suggested here, including those factors set forth in the Safe Harbor Statement below. 

First Quarter Conference Call
Management will conduct a conference call with analysts and investors at 4:30 p.m. ET on Monday, May 4, 2026. U.S.-based participants may dial in to the conference call at 877-300-8521, while international participants may dial 412-317-6026. A live webcast of the conference call as well as an accompanying slide presentation will be available here: https://app.webinar.net/Q291YZzYJpN

A replay of the conference call will be posted on the V2X website shortly after completion of the call and will be available for one year. A telephonic replay will also be available through May 18, 2026, at 844-512-2921 (domestic) or 412-317-6671 (international) with passcode 10208314. 

Presentation slides that will be used in conjunction with the conference call will also be made available online in advance on the “investors” section of the company’s website at https://gov2x.com. V2X recognizes its website as a key channel of distribution to reach public investors and as a means of disclosing material non-public information to comply with its obligations under the U.S. Securities and Exchange Commission (“SEC”) Regulation FD.

__________________________________
1 See “Key Performance Indicators and Non-GAAP Financial Measures” for descriptions and reconciliations.

About V2X
V2X builds innovative solutions that integrate physical and digital environments by aligning people, actions, and technology. V2X is embedded in all elements of a critical mission’s lifecycle to enhance readiness, optimize resource management, and boost security. The company provides innovation spanning national security, defense, civilian, and international markets. With a global team of approximately 16,200 professionals, V2X enables mission success by injecting AI and machine learning capabilities to meet today’s toughest challenges across all operational domains.

Investor Contact

Media Contact

Mike Smith, CFA

Angelica Spanos Deoudes

IR@goV2X.com

Communications@goV2X.com

719-637-5773

571-338-5195

Safe Harbor Statement
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 (the “Act”): Certain material presented herein includes forward-looking statements intended to qualify for the safe harbor from liability established by the Act.

Forward-looking statements generally can be identified by the use of forward-looking terminology such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe,” “could,” “potential,” “continue” or similar terminology. These statements are based on the beliefs and assumptions of the management of the Company based on information currently available to management. Forward-looking statements in this press release, include, but are not limited to our future performance and capabilities; all of the statements and items listed under “Increasing 2026 Guidance” above and other assumptions contained therein for purposes of such guidance; our belief that prior performance provides substantial visibility for future performance; market trends; product development; capital deployment; future net leverage ratio; and our belief that our innovation strategy, visibility, and targeted growth opportunities provide substantial opportunities for value creation.

These forward-looking statements are not guarantees of future performance, conditions, or results, and involve a number of known and unknown risks, uncertainties, assumptions, and other important factors, many of which are outside our management’s control, which could cause actual results to differ materially from the results discussed in the forward-looking statements.  In addition, forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from the Company’s historical experience and our present expectations or projections. For a discussion of some of the risks and uncertainties that could cause actual results to differ from such forward-looking statements, see the risks and other factors detailed from time to time in our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and other filings with the SEC.

We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.

V2X, INC.

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)

 

Three Months Ended

April 3,

March 28,

(In thousands, except per share data)

2026

2025

Revenue

$    1,254,128

$    1,015,923

Cost of revenue

1,148,310

937,820

Selling, general, and administrative expenses

61,728

43,805

Operating income

44,090

34,298

Loss on extinguishment of debt

—

(2,214)

Interest expense, net

(18,125)

(19,719)

Other expense, net

(2,446)

(2,295)

Income from operations before income taxes

23,519

10,070

Income tax expense

4,594

1,963

Net income

$        18,925

$          8,107

Earnings per share

Basic

$            0.61

$            0.26

Diluted

$            0.60

$            0.25

Weighted average common shares outstanding – basic

31,214

31,590

Weighted average common shares outstanding – diluted

31,512

32,021

 

V2X, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)

 

April 3,

December 31,

(In thousands, except per share data)

2026

2025

Assets

Current assets

 Cash, cash equivalents and restricted cash

$      208,666

$      368,994

 Receivables

828,759

738,922

 Prepaid expenses and other current assets

131,981

127,102

Total current assets

1,169,406

1,235,018

 Property, plant, and equipment, net

50,640

52,383

 Goodwill

1,676,954

1,677,154

 Intangible assets, net

217,060

239,760

 Other non-current assets

75,409

76,525

Total non-current assets

2,020,063

2,045,822

Total Assets

$    3,189,469

$    3,280,840

Liabilities and Shareholders’ Equity

Current liabilities

 Accounts payable

$      467,420

$      557,042

 Compensation and other employee benefits

170,388

176,530

 Short-term debt

14,935

14,935

 Other accrued liabilities

280,561

267,039

Total current liabilities

933,304

1,015,546

 Long-term debt, net

1,060,928

1,083,234

 Deferred tax liabilities

30,232

28,357

 Other non-current liabilities

61,462

69,067

Total non-current liabilities

1,152,622

1,180,658

Total liabilities

2,085,926

2,196,204

Commitments and contingencies (Note 7)

Shareholders’ Equity

Preferred stock; $0.01 par value; 10,000,000 shares authorized; No shares issued and outstanding

—

—

Common stock; $0.01 par value; 100,000,000 shares authorized; 31,873,847 shares issued and
31,310,209 shares outstanding as of April 3, 2026; 31,735,083 shares issued and 31,171,445 shares
outstanding as of December 31, 2025

318

317

Treasury stock, at cost – (563,638) shares as of both April 3, 2026 and December 31, 2025

(30,274)

(30,274)

Additional paid in capital

777,994

779,084

Retained earnings

362,342

343,417

Accumulated other comprehensive loss

(6,837)

(7,908)

Total shareholders’ equity

1,103,543

1,084,636

Total Liabilities and Shareholders’ Equity

$    3,189,469

$    3,280,840

 

V2X, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

 

Three Months Ended

April 3,

March 28,

(In thousands)

2026

2025

Operating activities

Net income

$        18,925

$          8,107

Adjustments to reconcile net income to net cash used in operating activities:

 Depreciation expense

3,963

4,250

 Amortization of intangible assets

22,900

22,562

 Amortization of cloud computing arrangements

1,246

1,226

 Loss on disposal of property, plant, and equipment

3

253

 Stock-based compensation

3,609

2,452

 Deferred taxes

1,557

(3,074)

 Amortization of debt issuance costs

1,669

1,488

 Loss on extinguishment of debt

—

2,214

Changes in assets and liabilities:

 Receivables

(90,701)

6,502

 Other assets

(5,348)

(6,411)

 Accounts payable

(89,372)

(107,694)

 Compensation and other employee benefits

(6,050)

(42,610)

 Other liabilities

7,689

15,271

 Net cash used in operating activities

(129,910)

(95,464)

Investing activities

Purchases of capital assets

(2,291)

(2,699)

Proceeds from the disposition of assets

—

90

 Net cash used in investing activities

(2,291)

(2,609)

Financing activities

Repayments of long-term debt

(23,734)

—

Proceeds from revolver

—

141,000

Repayments of revolver

—

(141,000)

Proceeds from stock awards and stock options

60

77

Payment of debt issuance costs

—

(1,223)

Payments of employee withholding taxes on stock-based compensation

(4,758)

(2,653)

 Net cash used in financing activities

(28,432)

(3,799)

Exchange rate effect on cash

305

2,613

Net change in cash, cash equivalents and restricted cash

(160,328)

(99,259)

Cash, cash equivalents and restricted cash – beginning of period

368,994

268,321

Cash, cash equivalents and restricted cash – end of period

$       208,666

$       169,062

Supplemental disclosure of cash flow information:

Interest paid

$        17,426

$        12,945

Income taxes paid

$          2,707

$            320

Purchase of capital assets on account

$          1,510

$              48

Key Performance Indicators and Non-GAAP Measures

The primary financial performance measures we use to monitor results of operations are revenue and operating income. Management believes that these financial performance measures are the primary drivers for our earnings and net cash from operating activities. Management evaluates its contracts and business performance by focusing on revenue and operating income. Operating income represents revenue less both cost of revenue and selling, general and administrative (SG&A) expenses. Cost of revenue consists of labor, subcontracting costs, materials, and an allocation of indirect costs. SG&A expenses consist of indirect labor costs (including wages and salaries for executives and administrative personnel), bid and proposal expenses and other general and administrative expenses not allocated to cost of revenue. Backlog is the estimated amount of future revenues to be recognized under negotiated contracts. Funded backlog is contractually authorized and appropriated by the customer. Bookings includes approved values formally booked into V2X’s backlog for new business contract awards including unexercised options, contract modifications, recompetes, contract extensions and add-on work to existing contracts. Book-to-bill is derived by dividing bookings by revenue.

We manage the nature and amount of costs at the program level, which forms the basis for estimating our total costs and profitability. This is consistent with our approach for managing our business, which begins with management’s assessing the bidding opportunity for each contract and then managing contract profitability throughout the performance period.

In addition to the key performance measures discussed above, we consider adjusted net income, adjusted diluted earnings per share, adjusted operating income, adjusted EBITDA, adjusted EBITDA margin, net leverage ratio and adjusted operating cash flow to be useful to management and investors in evaluating our operating performance, and to provide a tool for evaluating our ongoing operations. This information can assist investors in assessing our financial performance and measures our ability to generate capital for deployment among competing strategic alternatives and initiatives. We provide this information to our investors in our earnings releases, presentations, and other disclosures.

Adjusted net income, adjusted diluted earnings per share, adjusted EBITDA, adjusted EBITDA margin, net leverage ratio, cash interest expense, net, and adjusted net cash provided by (used in) operating activities, however, are not measures of financial performance under GAAP and should not be considered a substitute for financial measures determined in accordance with GAAP.  Definitions and reconciliations of these items are provided below.

Adjusted EBITDA is defined as operating income, adjusted to exclude depreciation and amortization of intangible assets, and items that may include, but are not limited to, significant charges or credits, and unusual and infrequent non-operating items that impact current results but are not related to our ongoing operations, such as M&A, integration, and related costs.Adjusted EBITDA margin is defined as adjusted EBITDA divided by revenue.Adjusted net income is defined as net income, adjusted to exclude items that may include, but are not limited to, significant charges or credits, and unusual and infrequent non-operating items that impact current results but are not related to our ongoing operations, such as M&A, integration and related costs, amortization of acquired intangible assets, amortization of debt issuance costs, and loss on extinguishment of debt.Adjusted diluted earnings per share is defined as adjusted net income divided by the weighted average diluted common shares outstanding.Cash interest expense, net is defined as interest expense, net adjusted to exclude amortization of debt issuance costs.Adjusted net cash provided by (used in) operating activities or adjusted operating cash flow is defined as net cash provided by (or used in) operating activities adjusted to exclude infrequent non-operating items, such as M&A payments and related costs.Net leverage ratio is defined as net debt (or total debt less unrestricted cash) divided by trailing twelve-month (TTM) bank EBITDA.

Non-GAAP Tables

($K, except per share data)

Three Months Ended

April 3, 2026

March 28, 2025

Revenue

$1,254,128

$1,015,923

Net income

$18,925

$8,107

Plus:

Income tax expense

4,594

1,963

Other expense, net

2,446

2,295

Interest expense, net

18,125

19,719

Loss on extinguishment of debt

—

2,214

Operating income

$44,090

$34,298

Plus:

Amortization of intangible assets

22,900

22,562

M&A, integration and related costs

13,373

4,625

Adjusted operating income

$80,363

$61,485

Plus:

Depreciation and CCA amortization

5,209

5,476

Adjusted EBITDA

$85,571

$66,961

Adjusted EBITDA margin

6.8 %

6.6 %

Minus:

Cash interest expense, net

16,456

18,231

Income tax expense, as adjusted

13,366

9,234

Depreciation and CCA amortization

5,209

5,476

Other expense, net, as adjusted

2,446

2,545

Adjusted net income

$48,094

$31,475

($K, except per share data)

Three Months Ended

April 3, 2026

March 28, 2025

Diluted earnings per share

$0.60

$0.25

Plus:

M&A, integration and related costs

$0.33

0.11

Amortization of intangible assets

$0.56

0.54

Amortization of debt issuance costs and Loss on extinguishment of debt

$0.04

0.09

FMV land impairment

$—

$—

Gain on acquisition, net

$—

$(0.01)

Adjusted diluted earnings per share

$1.53

$0.98

Average shares outstanding:

Basic, as reported

31,214

31,590

Diluted, as reported

31,512

32,021

Adjusted diluted

31,512

32,021

Non-GAAP Tables

($K)

Three Months Ended

April 3, 2026

March 28, 2025

Net cash used by operating activities

$     (129,910)

$        (95,464)

Plus:

M&A, integration, and related payments

2,206

3,008

MARPA facility activity

105,628

(25,617)

Adjusted operating cash flow

$         (22,076)

$       (118,073)

($K)

TTM

April 3, 2026

Net income

$                          88,700

Plus:

Interest expense, net

78,316

Income tax expense

25,652

Depreciation and amortization

112,595

Additional permitted add-backs1

52,097

TTM Bank EBITDA

$                        357,360

($K, except ratio)

Period Ending

April 3, 2026

Total debt

$                   1,100,085

Cash, cash equivalents and restricted cash

$                      208,666

Less:

Restricted cash

(4,014)

Cash and cash equivalents

$                      204,652

Net debt

$                      895,433

TTM bank EBITDA

$                      357,360

Net leverage ratio

 2.51x

____________________________
1 Includes among other items, non-cash losses like loss on extinguishment of debt and/or lease impairments, stock compensation, transaction and integration related costs

SUPPLEMENTAL INFORMATION

Revenue by contract type, geographic region, contract relationship, and customer for the periods presented below was as follows: 

Revenue by Contract Type

 

Three Months Ended

April 3,

March 28,

%

(In thousands)

2026

2025

Change

Cost-plus and cost-reimbursable

$       752,405

$       623,213

20.7 %

Firm-fixed-price

372,759

363,950

2.4 %

Time-and-materials

128,964

28,760

348.4 %

Total revenue

$    1,254,128

$    1,015,923

 

Revenue by Geographic Region

 

Three Months Ended

April 3,

March 28,

%

(In thousands)

2026

2025

Change

United States

$       810,554

$       577,458

40.4 %

Middle East

314,333

318,345

(1.3) %

Asia

76,137

75,978

0.2 %

Europe

53,104

44,142

20.3 %

Total revenue

$    1,254,128

$    1,015,923

 

Revenue by Contract Relationship

 

Three Months Ended

April 3,

March 28,

%

(In thousands)

2026

2025

Change

Prime contractor

$    1,197,462

$       962,421

24.4 %

Subcontractor

56,666

53,502

5.9 %

Total revenue

$    1,254,128

$    1,015,923

 

Revenue by Customer

 

Three Months Ended

April 3,

March 28,

%

(In thousands)

2026

2025

Change

Army

$       440,114

$       442,136

(0.5) %

Navy

382,921

346,118

10.6 %

Air Force

167,833

99,126

69.3 %

Other

263,260

128,543

104.8 %

Total revenue

$    1,254,128

$    1,015,923

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/v2x-reports-first-quarter-2026-results-302761328.html

SOURCE V2X, Inc.

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Nearmap Launches itel Total Price, Bringing Guaranteed Whole-Home Pricing to Property Claims

Published

15 minutes ago

on

August 25, 2026

By

New solution delivers fulfillment-backed pricing across major exterior and interior building materials — backed by a comprehensive pricing database and available now within Verisk Xactimate®

SALT LAKE CITY, Aug. 25, 2026 /PRNewswire/ — Nearmap, the leading property intelligence provider, today announced itel Total Price, a new whole-home pricing solution that delivers guaranteed pricing for major exterior and interior building materials across the entire claim.

Property insurers continue to face growing pressure to settle claims faster while managing rising material costs, inconsistent estimates, and increased scrutiny around claims settlements. Disconnected pricing workflows and limited visibility into real-world sourcing conditions often lead to supplements, contractor disputes, and delays that impact both claim outcomes and policyholder satisfaction.

Powered by proprietary Nearmap property intelligence, itel Total Price gives insurers a defensible way to manage material pricing across the claim lifecycle. By embedding guaranteed pricing directly into the claims process, the solution helps reduce friction for adjusters, minimize supplements and disputes, and improve consistency from estimate through settlement.

“Insurers have told us they want material pricing backed by fulfillment without adding complexity to the adjuster workflow,” said Paul Disney SVP of Product at Nearmap. “itel Total Price gives carriers a single trusted source for guaranteed pricing across the entire home, helping improve claim outcomes within the trusted Verisk Xactimate(R) platform.”

At the core of itel Total Price is the industry’s most comprehensive building materials pricing database, built on more than 30 years of proprietary materials intelligence and historical pricing data from more than 15 million claims. Part of the Nearmap proprietary property intelligence platform, pricing is continuously validated using localized market data sourced from manufacturers, suppliers, contractors, retailers, distributors, and big box stores nationwide, enabling pricing that reflects real sourcing conditions and current market dynamics. The result is accurate, defensible pricing backed by the itel Guarantee, which ensures the fulfillment of the materials at the provided price.

In addition to real-time integrated pricing delivered nearly instantly within Xactimate®, the itel Total Price solution supports deeper, specification-driven analysis via the itel NOW mobile app and physical sample submission, both of which provide lab-verified, like-kind-and-quality pricing with typical same-day or next-day service. When adjusters encounter an unfamiliar material or need greater certainty, they have a clear, simple pathway to get the right answer, all included in the itel Total Price solution at no additional charge. 

Because of the unique combination of like-kind-and-quality analysis and market-specific pricing, early customers adopting itel Total Price are realizing up to a 10x return on investment through reduced supplement frequency, faster cycle times, less adjuster rework, and tighter control over indemnity spend.

“Property claims decisions are only as strong as the intelligence behind them,” said David Tobias, Chief Product Officer at Nearmap. “itel Total Price represents an important step forward in our vision to deliver connected property intelligence that enables faster, more consistent, and more defensible claims decisions across the entire home. When you combine 30 years of proprietary materials data with localized, real-time market intelligence and back it with a robust and proven fulfillment system, you get pricing that holds up from the estimate through to settlement.”

With new materials continuously added to increase indemnity improvement, exterior materials span complete roofing systems, including primary shingles, ice and water shield, roofing felt and ridge cap, as well as siding, exterior paint, windows, and doors. Interior coverage includes all major flooring categories and associated installation accessories, interior paint, drywall, cabinets, insulation, and more. Adjusters can easily receive pricing for nearly all materials in a claim with just two clicks in Xactimate, which frees them to focus on other critical parts of making policyholders whole.

itel Total Price further extends the Nearmap offering for the P&C industry, which supports insurers across the full claim lifecycle from pre-event impact predictability and preparation, all the way to property measurements and repairability analysis with guaranteed pricing and post-claim repair validation. itel Total Price is available today. To learn more, visit here.

About Nearmap

Nearmap is a global property intelligence company redefining how organizations understand and act on the built environment. By owning the entire intelligence value chain—from high-recency geospatial capture powered by patented camera technology to accurate AI-derived analytics and guaranteed building materials data—Nearmap delivers a single, trusted source of truth for property decisions. Insurers, government agencies, and AECO organizations rely on Nearmap to transform property uncertainty into evidence, helping organizations move beyond fragmented data and manual processes with verified, frequently updated insight. These proprietary insights enable faster, more confident decisions across underwriting and claims, assessment and response, and planning and construction so teams can see truth, assess risk, and act with certainty. Founded in Australia in 2007, Nearmap stands as the definitive source of truth that shapes the livable world.

For more information, visit www.nearmap.com.

Media Contact
Taylor Cenicola
Taylor.cenicola@nearmap.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/nearmap-launches-itel-total-price-bringing-guaranteed-whole-home-pricing-to-property-claims-302859034.html

SOURCE Nearmap

Continue Reading

Technology

Mitsubishi Motors Strengthens Future of the Brand in the United States Through Updated Momentum 2030 Plan

Published

15 minutes ago

on

August 25, 2026

By

Momentum 2030 serves as the catalyst for future U.S.-focused product development, dealer network expansion, and market share growthComprehensive product renewal strategy and expansion into new vehicle segments are central to Momentum 2030, including intent to re-enter the pickup truck segment through collaboration with NissanAll-new Eclipse Sportback battery-electric SUV will launch this fall, followed by a rugged, off-road-focused Outlander variant in the first quarter of 2027.Mitsubishi Motors Corporation also recently outlined its global mid-to long-term vision for strengthening the brand around the world, with a specific commitment to restoring brand strength in the United States.

FRANKLIN, Tenn., Aug. 25, 2026 /PRNewswire/ — Mitsubishi Motors Momentum 2030 is more than just a business plan for Mitsubishi Motors in the United States. It represents the company’s long-term commitment to strengthening the brand, expanding customer choice, and creating sustainable growth for customers, dealer partners, and employees alike.

Reinforcing that commitment, Mitsubishi Motors recently hosted a confidential, invitation-only dealer meeting where company leadership shared future product plans and strategic initiatives that will drive the next phase of growth for the brand, as well as revealing concepts and designs of models that will underpin this product-led growth.

Central to the North American strategy is an expanded focus on adventure-oriented and off-road-capable vehicles. As customer demand continues to shift toward more rugged and versatile products, Mitsubishi Motors will broaden its portfolio with vehicles designed to strengthen the brand’s presence in these growing segments.

As part of this strategy, Mitsubishi Motors also intends to re-enter the pickup truck segment in North America through its collaboration with Nissan, further expanding the brand’s reach and relevance in the U.S. market.

Momentum 2030 is built around four strategic pillars:

A path to electrificationA path to a renewed and expanded product lineup that strengthens Mitsubishi Motors in North AmericaA path to a modernized retail sales modelA path to network expansion and sustainable sales growth

In a separate announcement from Mitsubishi Motors Corporation in Japan, the company also announced the return of the legendary Pajero (Montero) nameplate. While no decision has been made regarding a U.S. introduction of this vehicle, the model’s return strengthens Mitsubishi Motors globally by reconnecting the brand with one of its most iconic and celebrated nameplates.

“When we launched Momentum 2030, many questioned whether such an ambitious vision could be achieved. Today, that vision is taking shape,” said Mark Chaffin, president and CEO of Mitsubishi Motors North America, Inc. “Mitsubishi Motors is fully committed, and the path forward for the U.S. market is clear. This is the most comprehensive growth plan we have ever undertaken in the region, built around delivering greater value to customers, creating new opportunities for our dealer partners, and strengthening the long-term future of the brand.”

In the near term, Mitsubishi Motors will expand its U.S. lineup from four vehicles today to six vehicles in 2027. The lineup will include the Outlander Sport; Eclipse Cross; the all-new Eclipse Sportback EV; Outlander; Outlander Plug-in Hybrid; and a new rugged Outlander variant, with the model name to be announced in the coming months.

Customers and dealer partners have consistently expressed a desire for Mitsubishi Motors to compete in additional segments. Through Momentum 2030, the company is delivering on that expectation with a broader product portfolio, expanded customer choice, and a clear vision for long-term growth.

ABOUT MITSUBISHI MOTORS NORTH AMERICA, INC.
Through a network of approximately 300 dealer partners across the United States, Mitsubishi Motors North America, Inc. (MMNA) is responsible for the sales, marketing, and customer service of Mitsubishi Motors vehicles in the U.S. MMNA’s five-year business plan – “Momentum 2030” – is Mitsubishi Motors’ strategic roadmap for growth in North America, focused on product expansion, electrification, retail modernization, network development, and increased market share. Through new vehicle introductions, enhanced customer experiences, and strengthened dealer partnerships, the plan is designed to restore brand strength and position Mitsubishi Motors for sustained success throughout the decade.

MMNA has its headquarters in Franklin, Tennessee, as well as corporate operations in California, Georgia, Michigan, and New Jersey.

For more information on MMNA, visit media.mitsubishicars.com.

Contact
Jeremy Barnes
Senior Director, Communications and Events
jeremy.barnes@na.mitsubishi-motors.com
Mobile: 615-970-8395

View original content to download multimedia:https://www.prnewswire.com/news-releases/mitsubishi-motors-strengthens-future-of-the-brand-in-the-united-states-through-updated-momentum-2030-plan-302858919.html

SOURCE Mitsubishi Motors North America, Inc.

Continue Reading

Technology

Truist Premier deepens commitment to advice-led banking for mass affluent clients

Published

15 minutes ago

on

August 25, 2026

By

Truist Premier delivers personalized planning, advice-led relationships and exclusive benefits for clients with growing financial complexity

CHARLOTTE, N.C., Aug. 25, 2026 /PRNewswire/ — (NYSE: TFC) — As competition intensifies for mass affluent consumers, Truist today unveiled an expanded strategy and continued investment in advice-led banking through Truist Premier, an elevated experience designed for clients navigating increasing financial complexity. Truist Premier is a dedicated offering for mass affluent clients with $100,000 or more in assets that combines premium banking benefits, personalized financial planning, dedicated support, digital tools, and investment guidance1 from a Truist Investment Services financial advisor designed to help clients navigate increasing financial complexity.

Research conducted by Truist and Morning Consult found that while nearly all mass affluent consumers believe financial planning helps them achieve their goals, only 53% currently work with a professional financial advisor.

“Financial advice has never been more accessible, but clients still value partnership and a personalized plan,” said Truist Chief Consumer and Small Business Banking Officer Dontá Wilson. “Truist Premier is a digitally empowered, deeply relational experience built around knowing each client’s unique story and goals. This brings together digital innovation, dedicated guidance and human relationships to help clients achieve their ambitions with clarity.”

A premium offering built for financial complexity
Truist Premier supports clients with $100,000 or more in assets through an advice-led banking and investing approach tailored to a client’s evolving financial journey:

Planning Partnership:

Advice-led relationships: Access for all Premier clients to a team of advisors via the Client Advisory Center1 providing investment guidance and support tailored to their portfolios and goals.Plan-centered guidance: Truist Premier brings together personalized financial planning through a dedicated Premier advisor and investment guidance through a Truist Investment Services financial advisor to create tailored plans for clients, from comprehensive approaches to achieving specific goals for clients with $250,000 or more in assets.Integrated expertise: Truist Premier clients who are also Truist Small Business owners have access to qualified expertise to grow personal and business financial plans with a holistic view aligned to their portfolio needs.Purposeful digital innovation: A recently introduced digital financial planning experience for clients with $250,000 or more in assets gives clients more choice and flexibility tailored to their unique needs. Upcoming investments in digital planning will increase access, putting the power of financial planning into more clients’ hands.Relationship-focused growth: Truist is investing in expanding access to more clients, including hiring additional Premier advisors, accelerating its Premier Advisor Advancement Journey development program, and redesigning insights-driven branches to create space for deeper conversations.

Personalized Experience:

Dedicated support: Truist Premier clients receive dedicated support through Truist Premier Care Center1, providing priority access, coordinated service, and proactive assistance designed to help resolve needs quickly and keep clients focused on what matters most.Personalized touchpoints: Truist is driving a more personalized and connected experience as clients engage across channels, tailored to their portfolio and preferences.Insights-driven branch experience: AI-powered branch insights help teammates personalize conversations in real time, equipping bankers with relevant client context to deliver more meaningful guidance and a more tailored Premier banking experience.Tailored AI-powered insights: The AI-driven Truist Insights platform has delivered more than 2 billion personalized, real-time financial insights across mobile and online banking. Continued investment will further harness the power of AI to deliver tailored, actionable planning and advice.

Rewarding Relationship:

Benefits that grow: Truist will continue to invest in expanding exclusive banking benefits and lending discounts to reward clients as they deepen their Truist relationship.Purpose-built rewards: Recently introduced Truist Marquee Checking offers a premium checking experience with priority banking, enhanced benefits, higher transaction limits and waived fees.Experiential differentiation: Signature platforms such as the Truist Championship bring Truist’s relationship‑driven model to life through community-focused brand engagement touchpoints.

By introducing the Truist Premier brand, Truist is creating a more defined way to deliver a premium mass affluent banking experience. This builds on Truist’s strong track record of serving mass affluent clients and accelerates its multi-year strategic investment into distinctive products, insights-driven relationships and personalized experiences across channels. The strategic focus is driving client impact, with Premier deposit production increasing 27% since last year. 

“We’ve spent years working alongside mass affluent clients, and we’ve seen firsthand that they want more than transactions or standalone products,” said Truist Head of Premier and Branch Banking Scott Stearsman. “They want a partner who understands their goals, helps them navigate important financial decisions, and evolves with them as their needs change. Truist Premier brings that together through personalized advice, dedicated support, and meaningful rewards delivered with unwavering care.”

Together, Truist Premier and Truist Wealth provide a continuum of guidance and distinctive solutions that scale with clients as they build their wealth and their needs evolve. Truist clients with assets above $1 million will continue to be served by Truist Wealth. Truist clients with qualifying small business accounts will continue to be supported through integration with Truist Small Business, offering solutions and expertise tailored to the clients’ growing goals and needs.

To learn more, visit truist.com/premier.

1 Securities, brokerage accounts, and/or annuities are offered through Truist Investment Services, Inc. (“TIS”), member FINRA and SIPC. Investment advisory services are offered by Truist Advisory Services, Inc. (“TAS”), an SEC registered investment adviser.

About Truist
Truist Financial Corporation is a purpose-driven financial services company committed to inspiring and building better lives and communities. Headquartered in Charlotte, North Carolina, Truist has leading market share in many of the high-growth markets in the U.S. and offers a wide range of products and services through wholesale and consumer businesses, including consumer and small business banking, commercial and corporate banking, investment banking and capital markets, wealth management, payments, and specialized lending businesses. Truist is a top 10 commercial bank with total assets of $556 billion as of June 30, 2026. Truist Bank, Member FDIC. Equal Housing Lender. Learn more at Truist.com

Investment and Insurance Products: 
•Are not FDIC or any other Government Agency Insured •Are not Bank Guaranteed •May Lose Value

Truist Wealth is a marketing name used by Truist Financial Corporation (Truist). Truist Premier is a brand name used by Truist Bank, and Premier Advisors offer products and services through Truist Bank. Banking products and services, including loans, deposit accounts, trust and investment management services provided by Truist Bank, Member FDIC. Securities, brokerage accounts, and/or annuities offered by Truist Investment Services, Inc., member FINRA, SIPC, and a licensed insurance agency. Investment advisory services offered by Truist Advisory Services, Inc. and affiliated SEC registered investment advisers. Other insurance products are offered by third party insurance agencies unaffiliated with Truist Financial Corporation or any of its subsidiaries.

© 2026 Truist Financial Corporation. TRUIST, the Truist logo and Truist Purple are service marks of Truist Financial Corporation. All rights reserved.

View original content to download multimedia:https://www.prnewswire.com/news-releases/truist-premier-deepens-commitment-to-advice-led-banking-for-mass-affluent-clients-302858748.html

SOURCE Truist Financial Corporation

Continue Reading

Trending