Holzer & Holzer Investigates ADI Global Distribution Over $655 Million Q3 Loss and Goodwill Charge

Holzer & Holzer, LLC said on November 12, 2026 that it is investigating whether ADI Global Distribution Inc. complied with federal securities laws, after the company reported a third quarter 2026 net loss of $655 million that included a $659 million non-cash goodwill impairment charge. The announcement came in a GlobeNewswire release.

ADI's Impairment Charge And Lowered Outlook

ADI said the impairment charge followed "an interim quantitative impairment assessment that was triggered by continued weakness in the residential market, together with lower projected earnings and cash flows, declines in our stock price and market capitalization." The company said revised projections reflect continued residential market weakness affecting demand for Exclusive Brands products and an unfavorable product and customer mix. ADI's stock price dropped on the news, according to the release.

TradingView reported that ADI's third quarter 2026 revenue was $1.306 billion, up 8.6% year over year, and that Adjusted Standalone EBITDA was $66 million. TradingView also reported that ADI lowered its full-year outlook to $4.910–$4.930 billion in revenue and $230–$240 million in EBITDA.

Holzer & Holzer asked investors who bought ADI stock and suffered a loss to contact Corey Holzer, Esq. or Joshua Karr, Esq. by email, by a toll-free number, or through the case page on its website. The firm describes itself as an ISS top rated securities litigation law firm for 2021, 2022, 2023 and 2025.

Holzer & Holzer's Litigation Practice

Holzer & Holzer is an Atlanta-based plaintiff-side securities litigation boutique founded in 2000 that represents retail and institutional investors in federal securities class actions, shareholder derivative suits and corporate governance matters on contingency fees, according to akta.pro company records. The same records list Corey D. Holzer as co-founder and managing partner, Marshall P. Dees as partner and Joshua A. Karr as associate, and describe the firm as having recovered hundreds of millions of dollars for shareholders since its founding.

Earlier Holzer & Holzer Investigations

Holzer & Holzer announced an investigation into Home Bancorp, Inc. in October 2026 over potential securities law violations, after the company's third quarter 2026 results showed nonperforming loans rising from $26.4 million to $42.2 million and its stock price fell, GlobeNewswire reported. Earlier that month, the firm announced an investigation into FreightCar America, Inc. over potential securities law violations, after the company removed 1,285 railcars from its backlog when a customer's contract obligations appeared unlikely and its stock dropped, GlobeNewswire reported. In September 2026, the firm announced an investigation into Elauwit Connection, Inc. over potential securities law violations, after the company disclosed accounting errors in its September 30, 2025 10-Q and its stock dropped, FinancialContent Business Page reported.

What Comes Next For ADI Investors

Holzer & Holzer's release sets no deadline for the ADI investigation and states no filing date. The firm directs affected shareholders to its case page at holzerlaw.com/case/adi-global-distribution/ to discuss their legal rights.