Industries — page 11
Catastrophe Loss Relief Drives Reinsurance Pricing Softening
RenaissanceRe's property book swung from a 148.7% combined ratio to 34.1% in a single year, and the relief is already showing up as give-back in reinsurance pricing.
H.I.G. Capital to Buy MISTRAS in $866 Million Cash Deal
The industrial asset-integrity firm will be taken private at $20.35 a share after a 40-day go-shop, with closing expected in late 2026 or early 2027.
Disney's Fubo Deal Lifts Streaming Revenue as Linear Erosion Spreads
Disney quantified how much of its subscription growth came from the Fubo transaction, while affiliate-dependent peers reported accelerating basic-subscriber losses and unchanged risk language on the pace of the shift.
Rubrik's 48% Cloud ARR Surge Leads Diverging Software Sector Growth
Cloud-metric disclosures across the sector show recurring revenue accelerating at some companies and cooling at others, even as risk-factor hedging on cloud adoption and renewal rates stayed largely unchanged.
Office CRE Stress Persists in Bank Filings as Kilroy Sees Gains
Community bank lenders keep flagging distressed office borrowers in central business districts even as one West Coast office landlord reports improving leasing activity.
Kratos Backlog Nears $2.1 Billion as Defense Suppliers Diverge
Kratos Defense & Security Solutions posted the sharpest backlog gains in the group while several suppliers further down the chain flagged funding and program risk even as new contract wins accumulated.
Southwest Fares Jump 16.6% as Sabre Flags Mideast Booking Drag
Southwest Airlines disclosed record first-quarter revenue on a sharp fare increase, while Sabre and Wheels Up reported demand pressures tied to conflict abroad and shrinking private-jet flight volumes.
Intermountain Health to Buy Idaho Falls Hospitals in $796.6 Million Deal
Surgery Partners said the sale of Mountain View Hospital and Idaho Falls Community Hospital will make it a pure-play short-stay surgical operator.
Rexford Industrial Closes $1.2 Billion Industrial Portfolio Sale
The Southern California industrial REIT completed a non-core asset sale that advances a $2.0 billion disposition program and is expected to fund 2027 debt repayment and share repurchases.
Gentherm Wins Shareholder Approval for Modine Spin-Off Combination
Gentherm shareholders backed the all-stock Reverse Morris Trust with Modine’s Performance Technologies unit, clearing the last major hurdle before an October 1 close.
Bank of America to Buy Mechanics Auto Loan Runoff
Mechanics Bancorp said the sale of the substantial majority of runoff auto loans will reduce risk, improve liquidity and enhance future profitability.
Interparfums Extends Cavalli Fragrance License Through 2046
The fragrance licensee locked in worldwide rights to Roberto Cavalli and Just Cavalli for another two decades after three years of managing the brands.
Colony to Buy First Reliance in $163 Million Mixed Deal
The combined Southeast community bank is expected to have about $5 billion in assets and a fourth-quarter close.
Atlanticus to Sell CAR Auto Finance in $71.2 Million Deal
The consumer-loan servicer said cash from the sale will reduce debt and fund higher-growth consumer-credit products.
Boston Scientific Recalls ENROUTE Transcarotid System
Boston Scientific (BSX) issued a Class I recall of the ENROUTE Transcarotid Neuroprotection System after the FDA cited potential arterial sheath tip separation during use.
Boston Scientific Recalls ENROUTE Transcarotid System
The device maker pulled the ENROUTE Transcarotid Neuroprotection System Plus after the FDA classified a Class I recall over potential arterial sheath tip separation.
Lennar Cuts 2026 Delivery Target After Orders Slow
The homebuilder now expects 80,000 to 81,000 deliveries in 2026 after third-quarter orders fell 9% to 20,879 homes.
Brookfield to Buy Reliance Worldwide for $2.8 Billion
The asset manager will pay $3.38 a share in cash, citing industrials expertise and the US housing ecosystem as it takes the global maker private.
UROY Funds Sweetwater With Physical Uranium Sales
The royalty platform sold 593,255 pounds of U3O8 for $51.0 million at about $86.00 a pound and booked $16.3 million of net income in the three months ended July 31, 2026.
Hub Group Cuts 2026 Revenue Outlook and Flags Nasdaq Delisting
The company now estimates full-year 2026 operating revenue of about $3.6 billion to $3.8 billion, down from a February range of $3.65 billion to $3.95 billion.
Hoffman Schroff to Buy Maverick Power for $1.75 Billion
The electrical-equipment maker agreed to acquire the data-center power-distribution manufacturer, with a close targeted for the fourth quarter of 2026.
Lindblad Expeditions to Buy White Desert for $61 Million
The expedition-travel operator said the all-cash purchase of White Desert and Echo Charlie is the largest transaction in its history and a partnership to deepen differentiated adventure experiences.
Corteva to Spin Seed Unit Vylor in 1-for-1 Split
The agriculture technology company will hand shareholders one Vylor share for each Corteva share as it splits crop protection from seed.
Corcept Flags Direct Revenue Hit as IRA Pricing Rules Widen
Corcept Therapeutics told investors the Inflation Reduction Act's inflation rebates may materially cut its revenue and profits in 2026 and beyond, one of the sharpest company-specific warnings in a filing season otherwise dominated by boilerplate recitations of the same 2022 law.
Tariff Refunds Turn Into an Accounting Puzzle
A February 2026 Supreme Court ruling against IEEPA tariffs is flowing through import-heavy companies' earnings as a one-time benefit whose size, timing and cash status differ sharply from one filer to the next.
Kestra Lifts Fiscal 2027 Revenue Outlook to $141 Million
The wearable defibrillator maker posted $31.0 million of first-quarter revenue, 60% above a year earlier.
Forgent Posts Record Bookings and Lifts 2027 Outlook
Fourth-quarter bookings of $1.503 billion produced a 3.3x book-to-bill ratio as backlog reached $3.0 billion.
Veracyte to Buy Convergent Genomics for $150 Million
The cancer diagnostics company will add Convergent’s UroAmp urinary tumor DNA platform, with up to $30 million more tied to reimbursement milestones.
Perdoceo to Buy South University Savannah for Up to $150 Million
The all-cash purchase is expected to firm up the education company’s graduate health sciences portfolio as early as April 2027.
PBF Energy Closes $44.8 Million Air Products Hydrogen Purchase
The independent refiner took ownership of West Coast hydrogen plants that will run under Torrance Refining after a transition with Air Products.
Ondas to Buy GATE Technologies in $205 Million Mixed Deal
The autonomous-systems company said the Israeli target adds a mission-critical layer to its Precision Strike platform and widens engineering and customer reach across allied markets.
Magnolia Oil & Gas to Buy WildFire Energy for $4.06 Billion
The Giddings operator said the deal more than doubles its net acreage and creates a dominant Eagle Ford/Austin Chalk position in South Texas.
NextEra Energy to Expand Virginia Benefits in Dominion Deal
The two utilities proposed doubling residential bill credits to four years and adding 1,000 direct Virginia jobs as part of their pending all-stock combination.
Crane Company to Buy U.S. Pump Business for $240 Million
The industrial manufacturer said the Floway, Wemco, Roto-Jet and WSP brands will strengthen its Process Flow Technologies segment.
Bernhard Capital Partners to Buy Bowman Consulting for $1.0 Billion
The 35-day go-shop ended with no competing bids, leaving the $43.00-a-share cash deal on track for a fourth-quarter close.
Sequence Holdings to Buy Baldwin Group for $7.7 Billion
The insurance broker will receive $32.50 a share in cash, an 88% premium, as Sequence and DFO Management pair engineering and long-duration capital behind the firm.
Addus HomeCare to Buy AccentCare Personal Care for $275 Million
The home-care provider said the asset purchase would add about $280 million in annualized personal care revenue, a roughly 19% lift to its revenue base.
Growth That Stops Paying Its Own Debt
Across a stretch of consumer and industrial names, rising revenue is decoupling from the cash flow that lenders actually count, and nowhere is the gap as consequential as inside a securitized franchise structure.
Buybacks Diverge Across Retail and Chip Names
American Eagle halted program repurchases while Broadcom, Academy Sports and RH kept authorizations moving.
Oracle Cloud Infrastructure Growth Reaches 121%
Remaining performance obligations rose $209 billion year-over-year to $664 billion after more than $30 billion of new AI cloud contracts.
Macy’s Lifts Full-Year Sales and Earnings Outlook
The retailer raised 2026 comparable-sales guidance to 1.0%–1.5% after a fifth straight quarter of gains.
Korsana Completes Cyclerion Merger and $380 Million Raise
The combined company said post-transaction cash of about $475 million is expected to fund operations into 2029.
Kroger Cuts 2026 Identical Sales Outlook After Slowdown
Second-quarter identical sales without fuel rose 0.2% as the company lowered its full-year range to 0.2%–0.8%.
National Beverage Absorbs Tariffs as Sales Stall
First-quarter net sales were $331 million as price gains were offset by volume declines, and earnings fell to $.50 a share.
Alliance Entertainment Gross Margin Expands 80 Basis Points to 13.3%
The entertainment commerce platform posted fiscal 2026 net revenues of $1.149 billion, up 8% from a year earlier.
Adobe Posts Record $6.76 Billion Quarterly Revenue
The software company lifted full-year fiscal 2026 revenue targets to $26.576 billion to $26.626 billion after a third-quarter beat.
Modine to Combine Performance Technologies With Gentherm
The Reverse Morris Trust deal is expected to close October 1, 2026, creating a scaled thermal-management company with Modine shareholders owning 40%.
ConnectOne Bancorp to Buy First Community Bank for $1.05 Billion
The Southeast regional lender will pay $10.50 a share in cash and stock, a 25% premium to First Community’s September 9 close.
Axogen to Buy BioCircuit Technologies in $200 Million Cash Deal
The peripheral-nerve-repair company said the purchase of NerveTape, the first FDA-approved sutureless repair device, will broaden its addressable market.
Arrow Financial to Acquire Skene Valley Agency
The Glens Falls bank holding company said the deal will expand Upstate Agency’s insurance operations in Washington County.