July 2026 — page 2
Ballard Power Systems Agrees to Acquire GeoPura for £275 Million
The fuel cell provider reported second quarter revenue of $21 million, a 15% increase year-over-year.
Segro Reports H1 2026 Profit Growth Amid Acquisition Proposal
Adjusted pre-tax profit rose 6.3% to £268 million, while the board indicates it would be minded to recommend a fourth acquisition proposal from Prologis.
Schroders Declares Interim Dividend Following Half-Year Results
The company also moves forward with a recommended cash acquisition by Nuveen subsidiary Pantheon, LLC.
Rentokil Initial Reports H1 2026 Growth and Debt Reduction
The company saw revenue rise to $3.589 billion and reduced its net debt to EBITDA ratio to 2.4x, while maintaining its full-year profit outlook despite recent weakness in North American residential leads.
Rolls-Royce Raises 2026 Guidance Following Strong Half-Year Performance
Underlying operating profit rose 46% to £2.5bn in the first half of 2026, driven by strategic transformation and growth across all divisions.
London Stock Exchange Group Reports Record First Half Performance
LSEG raises full-year guidance and completes £2.1 billion in share buybacks following strong growth across all business segments.
Informa Plc Reaffirms 2026 Guidance Following Strong H1 Underlying Growth
The group increased its 2026 share buyback programme to £350m and reported a return to statutory profitability.
British American Tobacco Reports H1 2026 Results with New Categories Growth
Revenue rose 1.4% to £12.2 billion as smokeless products increased their share of group revenue to 19.8%.
BAE Systems Upgrades Full Year Guidance Following Strong Half-Year Performance
The defense contractor reported a record £84.0bn order backlog and a 13% increase in underlying EPS for the period ending June 30, 2026.
Anglo American Reports Higher Underlying EBITDA and Free Cash Flow for First Half 2026
The company increased its interim dividend to $0.23 per share while advancing the sale of De Beers and Steelmaking Coal.
Santander, SocGen Both Lean on Disposals to Move the Numbers
Portfolio sales, not underlying business performance, drove the one-off capital and cost moves at both reporting global systemic banks this quarter.
CMS Updates Medicare Prior Authorization and Encounter Lists
The Centers for Medicare & Medicaid Services is updating HCPCS codes for items requiring prior authorization and face-to-face encounters.
Yum Revenue Rises 12% as Taco Bell Offsets Pizza Hut
The restaurant operator opened 1,053 locations as worldwide unit count increased 5%.
XPO's LTL Ratio Hits Record as Profit Growth Accelerates
XPO posted a record 79.9% operating ratio in North American LTL as adjusted earnings per share jumped 61.9% to $1.70.
Xcel Profit Climbs as Energy Costs Fall
Operating margin widened to about 22.6% even as quarterly revenue declined.
Waystar Raises Guidance Even as Growth Engines Cool
Waystar posted 18% revenue growth to $319.7 million and raised its full-year outlook, even as volume-based revenue growth slowed to just 3% and net revenue retention fell to 108%.
Ventas Lifts 2026 Guidance as Senior Housing Investment Pace Doubles
Ventas raised its full-year investment target to $4.5 billion, a $1.5 billion increase that marks the largest single guidance raise in a string of upward revisions this year.
Sensata Posts Third Straight Quarter of Accelerating Growth
Sensata Technologies Holding reported second-quarter revenue of $990.6 million, up 5.0% year over year and marking the fastest organic growth pace in a year of sequential acceleration.
Rimini Street Reiterates 2026 Outlook After Growth Reacceleration
Adjusted revenue excluding Oracle PeopleSoft rose 10.0% to $108.0 million as the company guided third-quarter sales of $110 million to $112 million.
Ruger's Sales Growth Reaccelerates After a Slow First Quarter
Second-quarter net sales reached $158.1 million, up 19% from a year earlier, and diluted earnings were $0.43 a share after a $1.05 loss a year earlier.
Regeneron reports second-quarter revenue growth to $4.3 billion
The biotechnology company lowered its full-year GAAP gross margin guidance to a range of 77%–78% following a production interruption in Ireland.
Patterson-UTI Snaps Six-Quarter Slide as Pricing Turns Higher
Patterson-UTI Energy swung to a broad-based sequential rebound, with revenue climbing 10% to $1.2 billion and its rig count exit rate jumping to 96 from a 92 average.
PennyMac Mortgage Trust Pivots Away From Agency MSRs Toward Credit
PennyMac Mortgage Investment Trust posted $20 million in net income for the second quarter as it agreed to sell $13 billion in mortgage-servicing-rights UPB and redirect capital into non-Agency credit investments.
Pagaya Raises Full-Year Net Income Outlook Again
Second-quarter network volume hit a record $3.5 billion, up 33% from a year earlier, as Auto volumes reached a $4.8 billion annualized run-rate.
Penske Revenue Growth Accelerates as Margins Keep Slipping
Penske Automotive Group delivered its strongest same-store sales growth in a year even as operating income fell 7.6% and a take-private approach from its own founder surfaced for the first time.
NorthWestern Energy Profit Growth Returns as Merger Nears Finish Line
NorthWestern Energy Group posted second-quarter adjusted earnings of $0.50 a share, up from $0.40 a year earlier, as its pending merger cleared every regulatory hurdle but Montana.
Neogen Posts Fastest Core Growth of Fiscal Year, Guides Higher
Neogen (NEOG) closed fiscal 2026 with core revenue growth of 4.3% in the fourth quarter, its strongest quarterly pace of the year, as gross margin widened to 47.8% from 41.2%.
Meridian's Net Interest Margin Reverses After a Quarter of Expansion
The Pennsylvania community bank's tax-equivalent margin fell 13 bps to 3.69% as net interest income slipped to $22.8 million.
Altria Narrows EPS Guidance Up as Growth Slows, Buybacks Ease
Altria Group's adjusted profit growth cooled to 2.8% in the quarter even as the tobacco giant raised the floor on its full-year earnings forecast.
Mohawk Profit Jumps on Tariff Refunds as Margins Recover
Mohawk Industries posted adjusted earnings of $3.67 a share in the second quarter, up 32% from a year earlier and boosted by a $0.63 tariff-refund benefit.
McGrath RentCorp Profit Slips as Sales Deals Slide to Later Quarters
McGrath RentCorp reported second-quarter net income of $33.7 million, down from $36.0 million a year earlier, as a 34% drop in sales revenue offset gains in its rental business.
Madrigal's Rezdiffra Growth Cools After a 127% First Quarter
Second-quarter net sales reached $364.3 million as more than 49,000 patients were on the MASH drug.
Marcus Swings to Profit as Theatres and Hotels Both Accelerate
Marcus (MCS) posted second-quarter revenue of $231.7 million, up 12.5% from a year earlier, as both its theatre and hotel divisions returned to growth after a soft first quarter.
Laureate Education Raises Full-Year Guidance as Peru Growth Offsets Mexico Margin Strain
Laureate Education's second-quarter revenue rose 17% to $615.9 million, prompting the for-profit university operator to raise its full-year outlook for the second straight quarter.
KKR's Fee Related Earnings Jump 37% as Fundraising Hits Record $34 Billion
KKR (KKR) grew fee related earnings 37% year over year to $1.2 billion in the second quarter as new capital raised hit a record $34 billion and assets under management climbed to $796 billion.
KBR Revenue Growth Returns as Spin-Off Cash Costs Mount
KBR posted revenue up 2% to $2.0 billion, its first quarterly growth in three quarters, even as operating cash flow fell 77% and new spin-off charges pressured margins.
Ingersoll Rand Lifts 2026 Revenue Growth Outlook
The flow-creation maker now sees full-year revenue growth of 4.5% to 6.5% after second-quarter sales of $2,049 million.
International Paper Narrows 2026 Ebitda Target After Loss
Continuing operations swung to a $12 million loss as adjusted EBITDA fell to $587 million, and the company now targets $3.20–$3.40 billion for the full year.
First Internet's Provision Eases as Credit Metrics Improve
The branchless lender booked a $13.4 million provision in the second quarter and forecast full-year diluted EPS of $2.35–$2.45.
Hexcel Raises 2026 Sales and Earnings Outlook
Second-quarter sales were $529.3 million, up 8.0%, as Airbus A350 and Boeing 787 volumes hit pre-pandemic highs.
Henry Schein Executive Exodus Widens Beyond CEO Succession
Henry Schein said its chief operating officer and two other senior executives will step down October 30, 2026, extending a leadership overhaul that began with Chairman Stanley Bergman's board retirement.
Hippo Raises 2026 Premium and Profit Outlook
The insurer now expects over $1.65 billion of gross written premium and upwards of $70 million of adjusted net income for the year.
GSI Technology Completes Sentinel Lab Phase as Plato Advances
The chipmaker booked $6.3 million of first-quarter fiscal 2027 revenue, in line with the midpoint of its $5.9 million to $6.7 million outlook, and pointed to a September AI-assisted SDK.
Green Brick Orders Jump 19% as Home Prices Keep Sliding
Green Brick Partners posted a 19% jump in net new home orders even as revenue fell 9.9% to $481.6 million on lower prices.
Exelon Beats on EPS as ComEd Rebounds, PECO and PHI Soften
Exelon posted adjusted operating earnings of $0.43 a share in the second quarter, up from $0.39 a year earlier, as gains at ComEd and BGE offset declines at PECO and PHI.
Essex Property Trust Absorbs Legal Charges as Core FFO Edges Up
Essex Property Trust (ESS) posted diluted net income of $0.97 a share in the second quarter, down 71.8% from $3.44 a year earlier after $55.8 million in legal settlement charges.
Escalade Restores Sales Growth After a Stagnant First Quarter
Second-quarter net sales reached $57.7 million, up 6.2% from a year earlier, after a 0.6% rise in the first quarter.
Enterprise Products Posts Record Profit, Raises Spending Plan
Second-quarter revenue rose 61% to $18.27 billion as pipeline and marine-terminal volumes reached records.
Donnelley Financial Grows Software Sales as Print Slides
Donnelley Financial Solutions posted a third straight quarter of net sales growth as software revenue hit a record $99.4 million, even as print and distribution sales fell 15%.
Civeo Completes 20% Buyback After Convertible Notes
Second-quarter revenue rose 11% to $180.0 million as the hospitality operator issued $115.0 million of convertible notes and finished its 20% share-repurchase authorization.