Husky Technologies has reported a 9 per cent decline in sales for the second quarter of 2026, as economic uncertainty and other market pressures led customers to defer some capital investment projects.
Husky, headquartered in Ontario, Canada, reported sales of $339.6 million in the second quarter of 2026, down 9 per cent from the same period a year earlier.
Husky president and chief executive Robert Domodossola said the results reflected a demand environment affected by macroeconomic uncertainty, geopolitical tensions, elevated oil and resin prices, and changing tariff policies.
“These factors resulted in deferral of certain capital investment projects,” Domodossola said during a quarterly conference call.
Injection moulding
Husky manufactures injection moulding machines, moulds, hot runners, controllers and auxiliary equipment for applications including beverage and food containers, medical devices and consumer electronics.
The company has installed about 13,500 systems worldwide for the production of beverage preforms and packaging.
New systems account for 30 to 35 per cent of Husky’s sales, while aftermarket tooling, including moulds, hot runners and controllers, contributes about 40 per cent. Services, parts and remote monitoring account for the remaining 20 to 25 per cent.
The company is implementing an operational improvement programme called the Resolute Operating System, which is intended to standardise processes, control costs, improve cash flow and expand profit margins.
At Husky, the programme has introduced daily cross-functional meetings focused on factory loading, while the company has also reduced lead times and increased production output.
The company has also been working to expand its aftermarket business and reduce indirect spending through procurement measures.
“At the same time, we continue to make investments in innovation and product development,” Domodossola said.
Sales expectations
For the remainder of 2026, Husky expects sales to be flat to slightly higher than in the second half of 2025.
Husky operates as a subsidiary of Great Positions in Good Industries (GPGI), alongside metal payment card manufacturer CompoSecure.
GPGI was formed earlier this year after CompoSecure acquired Husky for about $5 billion. Husky was previously owned by private equity firm Platinum Equity, which acquired the company from Berkshire Partners and Omers Private Equity for about $4bn in 2018. Husky and CompoSecure have retained their existing trade names and operate as separate GPGI reporting segments.
In July, a shareholder filed a federal securities class action lawsuit against GPGI, alleging that the company and its senior executives misled investors about Husky’s financial outlook and the value of the acquisition before it was completed.
The lawsuit follows a February report by Jehosaphat Research that questioned Husky’s valuation and financial performance.
