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Landis+Gyr Announces Second Quarter and First Half FY 2026 Financial Results

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CHAM, Switzerland, Oct. 29, 2026 /PRNewswire/ — Landis+Gyr Group AG (SIX: LAND), a global energy technology leader driving intelligent innovation across the grid, today announced unaudited financial results for its second quarter and the first half FY 2026 ended September 30, 2026.

Q2 FY 2026

Net revenue of $269.2 million with a record adjusted gross margin* of 38.0% and an order intake of $170.3 million achieved in the quarter

First Half FY 2026

Order intake of $337.3 million, representing a book-to-bill ratio of 0.7x, with a backlog of $3.7 billionMajor contract award post H1 close in October resulting in $509 million order intakeNet revenue of $501.4 million, a decrease of 6.3% year-over-year, driven by project transition timingAdjusted gross profit* increased 4.0% to $189.2 million, with gross margin expanding 370 basis points to 37.7%Adjusted EBITDA* grew 3.5% to $73.9 million, corresponding to a margin of 14.7%, up 140 basis pointsIncome from continuing operations of $51.1 million or $1.84 per share (diluted), an increase of 268%Operating Cash Flow of $74.0 million with continued focus on working capital management

Strategic Initiatives and Outlook

Completed in October the return of $175 million to shareholders through share repurchases as announced with the EMEA divestmentContinued progress toward a U.S. listing while retaining the Swiss listingUpdated FY 2026 guidance: narrowing the net revenue range to between $1,085 and $1,115 million while raising adjusted EBITDA margin to between 15.0% and 16.0%

“Our first half FY2026 top-line performance was in line with expectations and reflected the timing of transition between two major customer deployments, while our continued focus on operational excellence resulted in a record adjusted gross margin in the second quarter,” said Peter Mainz, Chief Executive Officer of Landis+Gyr. “We continue to execute on our strategic trans-formation and returned the proceeds from the EMEA divestment to our shareholders as prom-ised. In recent months we also made further progress in our preparations toward a U.S. listing.”

Davinder Athwal, Chief Financial Officer of Landis+Gyr, commented: “We expect a strong second half of FY 2026, supported by the ramp-up of new customer deployments and continued improvements in profitability, as reflected in our increased adjusted EBITDA margin guidance of 15% to 16%.”

Read the full ad hoc announcement here.

* For a reconciliation of non-GAAP measures, see chapter “Supplemental Reconciliations and Definitions (unaudited)” in this ad hoc announcement.

About Landis+Gyr

Landis+Gyr is a global energy technology leader, delivering intelligent solutions that connect devices, data, and decisions across the grid. Trusted by more than 2,000 utilities worldwide, we transform traditional devices into intelligent, networked sensors, giving utilities real-time grid visibility and system control. With these combined insights, electric, gas, and water companies can anticipate demand, optimize operations, and deliver energy that’s more reliable, resilient, accessible, safe, and sustainable for everyone. For more information, please visit our website www.landisgyr.com.

 

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Airthereal Launches ArcVac Touchless Vacuum Dustpan, Combining Modern Design with Effortless Floor Cleaning

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Featuring a space-saving design and a 4-liter capacity, the new $129.99 ArcVac Touchless Vacuum Automatic Dustpan simplifies daily cleaning for pet owners by efficiently collecting debris without the hassle of traditional tools.

LAS VEGAS, Oct. 29, 2026 /PRNewswire/ — Airthereal, a brand specializing in innovative home solutions, announces the launch of the ArcVac Touchless Vacuum Automatic Dustpan, a compact floor-cleaning appliance designed to combine everyday convenience with modern aesthetics. Featuring automatic debris collection, pet-friendly manual operation, and an easy-empty dust container, ArcVac offers a practical alternative to traditional dustpans and bulky vacuum cleaners.

Designed to fit naturally into modern living spaces, ArcVac features a streamlined appearance and compact footprint. Its combination of attractive design and practical functionality also makes it a thoughtful gift for pet owners, new homeowners, and anyone looking to simplify their daily cleaning routine.

Compact Design That Fits Modern Homes

Building on the success of its T1 Touchless Vacuum Automatic Dustpan, Airthereal introduces ArcVac as a more compact, design-focused addition to its cleaning lineup.

While the T1 offers a larger 7-liter dust capacity and additional cleaning versatility, ArcVac prioritizes space-saving convenience with a streamlined appearance and a dust container holding more than 4 liters.

Its smaller footprint makes it easier to incorporate into kitchens, entryways, and other living spaces without the bulk of conventional cleaning equipment.

Pet-Friendly Cleaning Without the Hassle

For pet owners, keeping floors free of fur, tracked-in dirt, and scattered litter can feel like a never-ending task.

ArcVac simplifies daily maintenance by allowing users to sweep pet hair and other dry debris directly toward the vacuum inlet, where suction collects them without the need for a separate dustpan.

The device offers both automatic and manual activation modes. While automatic mode provides hands-free convenience, manual mode gives pet owners greater control over when the vacuum operates, preventing curious pets from accidentally triggering the suction.

This flexibility makes ArcVac especially practical for households with cats and dogs, where frequent quick cleanups are often necessary.

Easy Emptying with Less Hair Buildup

ArcVac also addresses a common frustration with vacuum cleaners: removing collected hair and debris from the dust container.

Its convenient dust-emptying mechanism is designed to help prevent hair from becoming trapped during disposal, reducing the need to manually pull out tangled debris.

Combined with its generous dust capacity, this design helps make regular maintenance easier, particularly for households dealing with frequent pet shedding.

Availability

The Airthereal ArcVac Touchless Vacuum Automatic Dustpan is currently available for purchase at an MSRP of $129.99.

To learn more about ArcVac and explore its features, visit the Airthereal ArcVac product page.

About Airthereal

Founded in 2018, Airthereal develops innovative home products designed to improve everyday living. Its product portfolio includes air purifiers, humidifiers, kitchen composters, vacuum cleaners, and other household solutions. Through practical design and accessible technology, Airthereal aims to help consumers create cleaner, more comfortable, and more convenient living spaces.

For more information, visit www.airthereal.com.

Media Contact: marketing@airthereal.com

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SOURCE AIRTHEREAL

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OTTO SPORT AI Announces University Athlete Will Become OTTO PREP as Volleyball Leader Continues Rapid Ascent

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New brand builds on more than two decades of recruiting leadership while connecting athletes, coaches, clubs, and events across the growing OTTO SPORT AI volleyball ecosystem.

MINNEAPOLIS, Oct. 29, 2026 /PRNewswire-PRWeb/ — Since 2004, University Athlete has been a trusted recruiting platform for college volleyball coaches. Today, OTTO SPORT AI announced the next chapter: University Athlete will become OTTO PREP beginning October 27.

“Recruiting will always be at the heart of this product, but preparing for what comes next is bigger than a single recruiting moment.”

The move represents one of the final phases of a groundbreaking year for OTTO SPORT AI in volleyball, bringing recruiting into a broader technology ecosystem supporting clubs, tournaments, coaches, and athletes.

“University Athlete has earned the trust of the volleyball community for more than two decades, and we are excited to continue building on that with new products and continued innovation,” said JL Vogelaar, CMO & Head of DTC Products, OTTO SPORT AI. “OTTO PREP represents a strategic investment in a product the volleyball community already loves. By connecting recruiting more closely to the clubs, teams, and tournaments where athletes actually play, we can give coaches better information, create more opportunities for athletes to be discovered, and spend less of everyone’s time searching for the right match.”

Over the past year, the company has doubled down on both technology and relationships across the volleyball community. OTTO SPORT AI has expanded its partnerships with clubs, tournament operators, and volleyball organizations nationwide; established advisory groups made up of industry veterans and customers; and accelerated development of simpler, smarter technology designed specifically around how volleyball actually operates. The result is three independent arms that work in synchronicity: OTTO PREP formally becomes the recruiting and athlete development arm of OTTO SPORT AI, joining OTTO SPORT, which powers clubs, and OTTO EVENT, which powers tournaments and ticketing.

A More Connected Volleyball Experience

The OTTO PREP announcement follows SportWrench’s August transition to OTTO EVENT, bringing another major piece of the company’s volleyball strategy under the OTTO name. Together, the specialty products create a unified experience across the sport. The software that runs a club’s season, the tournaments its teams compete in, and the recruiting activity happening courtside no longer have to exist as separate technology islands.

For college coaches: that means more accurate rosters, better visibility into who is actually competing at an event, richer athlete information, and less time spent piecing together data from multiple sources.For athletes: it means more opportunities to be discovered. The information generated through their club and tournament experiences can help coaches already using OTTO PREP build a more complete recruiting picture.For clubs: it means less duplication and better support for athletes throughout their recruiting journeys. And for tournament operators, it creates opportunities to make recruiting an even more valuable part of the event experience.

Building on a Year of Innovation

The OTTO PREP name may be new, but University Athlete’s transformation is already well underway. Throughout 2026, the company has invested significantly in the platform and the experience around it, expanding beyond the traditional recruiting database to create more tools for athletes, families, clubs, and college coaches.

That includes launching AI FIT Finder, which helps athletes identify college programs that fit what they are looking for; expanding Camps & Clinics discovery to help athletes find more opportunities to connect with college programs; and continuing to invest in the All-Access athlete experience.

OTTO PREP has also introduced an entirely new Club Director experience, giving clubs greater visibility into their athletes’ recruiting journeys and creating a stronger connection between the club environment and college recruiting. As that experience expands, club directors will have increasingly powerful tools to help athletes build their profiles, navigate the process, and connect with the right opportunities.

This innovation comes against a backdrop of extraordinary activity across the platform. OTTO PREP now connects athletes with approximately 95% of college volleyball programs, generates more than 5 million athlete profile interactions annually, and supports recruiting activity across hundreds of volleyball events nationwide.

The new name also gives the platform room to grow beyond recruiting alone.

“PREP is intentional,” Vogelaar added. “Recruiting will always be at the heart of this product, but preparing for what comes next is bigger than a single recruiting moment. We see an opportunity to help athletes throughout that journey, from understanding where they fit, to finding opportunities, to getting in front of coaches and ultimately preparing for their next step.”

For existing University Athlete customers, the transition to OTTO PREP requires no change in how they use the platform. The same team, technology, recruiting data, and functionality remain in place, now backed by the broader capabilities and investment of OTTO SPORT AI.

About OTTO PREP

OTTO PREP (formerly University Athlete) powers recruiting and athlete preparation across the volleyball journey, connecting college programs with student-athletes, clubs, and events nationwide. Trusted by about 95% of college volleyball programs, the platform generates more than 5 million athlete profile interactions annually across hundreds of thousands of athlete profiles. Founded as University Athlete in 2003, the platform has helped power volleyball recruiting for more than two decades.

Learn more at https://www.ottosport.ai/university-athlete

About OTTO SPORT AI

OTTO SPORT AI is building the future of youth sports technology through a portfolio of industry-leading platforms serving clubs, tournaments, coaches, and athletes. Its volleyball solutions include OTTO EVENT (formerly SportWrench), a leading volleyball tournament management and ticketing platform; OTTO PREP (formerly University Athlete), the recruiting and athlete preparation platform trusted by college volleyball programs nationwide; and OTTO SPORT, an AI-powered club management platform.

Across its volleyball portfolio, OTTO SPORT AI supports hundreds of clubs, approximately 140,000 teams, and 1,700 events annually, while powering millions of athlete, coach, and fan interactions. Together, its platforms are creating a more connected technology ecosystem designed to simplify operations, improve experiences, and grow the game.

Learn more at ottosport.ai.

Media Contact

Lauren Kramer, OTTO SPORT AI, 1 3125029686, lauren@quentinnellmktg.com, https://www.ottosport.ai/

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SOURCE OTTO SPORT AI

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Pan’s Labyrinth 20th Anniversary Release has Biggest Physical Pre-orders in Cineverse History

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Guillermo del Toro’s Masterpiece to be Available in 4K via Digital Ownership Starting November 10 and Physical Disc Collector’s Editions Starting December 1    

Release Comes as Cineverse Motion Pictures Group Outperforms Industry with 18.8% EST Growth and a 16.7% increase in VOD Revenue in Quarter ended June 30, 2026 vs. Prior Year

LOS ANGELES, Oct. 29, 2026 /PRNewswire/ — Cineverse (Nasdaq: CNVS), an entertainment technology company and studio, today announced the upcoming home entertainment release for the 20th anniversary of Guillermo del Toro’s Oscar-winning masterpiece, Pan’s Labyrinth.

Pan’s Labyrinth will be available to own digitally beginning November 10, followed by the 4K + Blu-ray Collector’s Edition SteelBook and Blu-ray Collectors Edition on December 1. It will then be available for digital rental (VOD) on December 8, and due to overwhelming demand, Cineverse will release a 4K + Blu-ray Collector’s Edition on December 29. The physical pre-order has already set a record as the number one home entertainment pre-order launch of all time for Cineverse. 

This follows a return to theatres, including first-time releases in 4K and 3D, that grossed more than $2 million at the box office, and led to increased interest in the film and the human-led creativity and imagination that has led to three Oscar® wins plus critical and fan acclaim since 2006, including a record standing ovation at Cannes.

Also notable: the record home entertainment pre-sales come at a time during which Cineverse is out-performing industry averages in digital.  For example, over the quarter ending June 2026 Cineverse generated an 18.8% increase in EST revenue, with VOD revenue up 16.7%. Meanwhile, according to the Digital Entertainment Group, industry EST revenue is up 8.3% and industry VOD revenue is down 8.3% vs. the same time period last year.

“While industry trends in home entertainment are down, the titles we have chosen to invest in are trending up. This says a lot not only about the filmmakers that we have partnered with, including Guillermo del Toro, but also the halo effect that our marketing for specialty theatrical runs have with fandoms that want to own physical collectible copies, and watch these films over and over again – and in the case of Pan’s Labyrinth, now for the first time in restored 4K,” said Cineverse Chief Motion Pictures Officer Yolanda Macias.

The 4K restoration was overseen by del Toro, taken directly from the original 35mm elements.

About Pan’s Labyrinth

Pan’s Labyrinth takes place in 1944, in the aftermath of the Spanish Civil War. Young Ofelia and her pregnant mother have been brought to live in the countryside, where her brutal stepfather Captain Vidal’s job is to wipe out the remaining rebels camped in the local forest. Nearby, in a hidden labyrinth, Ofelia meets an ageless Faun, who tells her that she is really a princess from an enchanted world. He gives her three tasks which she must complete in order to reclaim her rightful place. As her mother’s failing health threatens the life of her unborn child, Ofelia undertakes a quest to complete the Faun’s tasks. Written and directed by del Toro, and produced by his company, Tequila Gang, the film stars Ivana Baquero, Maribel Verdu (Y tu mama tambien), Doug Jones (Hellboy II), and Sergi Lopez (Dirty Pretty Things). The film was nominated in six categories at the 79th Academy Awards® (2007) and took home three Oscar® wins – in the Best Achievement in Cinematography, Best Achievement in Art Direction and Best Achievement in Makeup categories. Across all awards, the film has received 106 wins from 115 nominations. It also earned critical acclaim, including top film of 2006 by the legendary Roger Ebert, and is Certified Fresh by Rotten Tomatoes with a 95% Tomatometer score.

About Cineverse Motion Pictures Group

Cineverse super-serves passionate audiences by distributing content across all windows and platforms, from theatrical to digital to physical. Following the breakout box office success of Terrifier 3, recent theatrical releases include the franchise returns of The Toxic Avenger, Silent Night, Deadly Night, and Return to Silent Hill, and the 20th anniversary of Guillermo del Toro’s masterpiece Pan’s Labyrinth. Cineverse’s upcoming slate includes the third installment of Wolf Creek, a big screen adaptation of podcast Mayfair Watchers Society from Trevor Henderson (Siren Head, Cartoon Cat), and the company’s first theatrical family feature, Air Bud Returns.

About Cineverse

Cineverse (Nasdaq: CNVS) is an entertainment technology company and studio. Fiercely innovative and independent, Cineverse develops and invests in technology and content that drives the future of the industry. Core to its business is Matchpoint® – a growing tech ecosystem designed to prepare, distribute, monetize, and continuously improve content across any platform. Matchpoint helps studios large and small operate at scale and improve performance and efficiency in an increasingly fragmented distribution environment. Additionally, Cineverse distributes a vast library of premium films, series, and podcasts, across theatrical, home entertainment, and streaming; operates dozens of digital properties that super serve passionate fandoms around the world; and works with leading brands to connect them with audiences they value. From award-winning technology to the highest-grossing unrated film in U.S. history, Cineverse has created a playbook that marries tech and content to redefine the next era of entertainment. For more information, visit cineverse.com.

Investor Contact:
investorrelations@cineverse.com

Media Contact:
cineverse@lippingroup.com

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SOURCE Cineverse Corp.

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