Industries — page 11
ADP reports 7% revenue growth for fiscal 2026
The human capital management provider expects adjusted diluted EPS to grow between 9% and 11% in fiscal 2027.
Arch Capital's Profit Slips as Insurance Underwriting Falters
Arch Capital Group reported net income of $1.0 billion, or $3.00 a share, down from $1.2 billion a year earlier as its insurance segment's underwriting income fell 79% to $27 million.
VF Corp. Sells Dickies Brand to Bluestar Alliance for $600 Million
The divestiture is part of a broader strategic realignment of the apparel company's reportable segments and performance analysis.
Energy Fuels to Acquire Australian Strategic Materials in Rare Earth Push
The deal brings Energy Fuels a scheme-of-arrangement path to a second rare earth production line as the sector's court-approved consolidation wave continues.
Tiptree to Buy Universal Shield Insurance Group in $100 Million All-Cash Deal
Tiptree is redeploying capital freed up by its $1.65 billion Fortegra sale into a new specialty P&C platform anchored by Universal Shield Insurance Group.
T1 Energy to Buy Evervolt Solar Assets in $135 Million Deal
The asset purchase advanced T1 Energy’s plan to build an integrated U.S. silicon-based solar supply chain.
AT&T Closes $23 Billion EchoStar Spectrum Deal
The spectrum purchase expands AT&T’s nationwide 5G capacity and supports its push to combine wireless and home internet services.
Procore to Buy DroneDeploy in $845 Million All-Cash Deal
The acquisition would fold DroneDeploy’s reality-capture and robotics tools into Procore’s push for AI-powered jobsite automation.
MiMedx to Buy Sanara MedTech in $350 Million Cash-and-Stock Deal
The combination would nearly double MiMedx’s surgical revenue and broaden its regenerative-medicine portfolio.
J&J to Buy Firefly Bio in $1 Billion Cash Asset Deal
The acquisition hands Johnson & Johnson a degrader antibody conjugate platform aimed at KRAS-driven solid tumors long considered hard to drug.
Grant Thornton Advisors to Buy CBIZ in $5 Billion Cash Deal
The acquisition combines Grant Thornton's multinational platform with CBIZ's U.S. middle-market presence to scale AI-enabled professional services.
Acquisitions Add Sales Faster Than They Add Profit
Across packaged-food filings, deal-driven revenue growth is outrunning the earnings needed to cover the debt taken on to fund it.
Middle East Disruptions Hit Supply Chains
Conflict tied to Iran, Israel and the United States is pushing from energy and petrochemicals into oilfield services and food shipping routes.
Energy Transfer Expands Gulf Coast Footprint Through Strategic Acquisitions
The midstream operator integrated Buckeye and Gulf Coast assets while streamlining Permian terminal holdings to optimize its crude and product pipeline network.
Kinder Morgan Navigates Leadership Turnover Across Interstate Pipeline Network
The infrastructure giant managed critical rate adjustments and LNG send-out capacities while facing a wave of executive resignations across its subsidiaries.
Energy Transfer Manages Regulatory Shifts Across Interstate Pipeline Portfolio
The company navigated material legal proceedings and rate adjustments across its multi-state gas transmission network in 2024.
American Electric Power leverages FERC orders to boost non-operating income
The multi-state utility shifted its Texas footprint toward a pure transmission model while navigating high customer concentration in Kentucky and Texas.
Enterprise Products Expands Midstream Footprint Through Strategic Asset Consolidation
The partnership integrated new pipeline entities and finalized ownership of Wilprise to streamline its regulated transport network.
Ameren expands MISO transmission footprint through multi-billion dollar project awards
The holding company leveraged formula ratemaking and securitization tools to fund grid expansion and the accelerated retirement of coal assets.
An Appellate Ruling Narrows a Long-Running Software Patent Fight
The court vacated the damages award but left liability intact, sending the number — not the question — back for retrial.
Verizon Raises Full-Year Outlook as Service Revenue Accelerates
The telecommunications provider expanded its full-year adjusted EPS growth guidance to a range of 6.0% to 7.0%.
Sensient Raises Profit Guidance Again as Color Unit Surges
Sensient Technologies posted 36.4% diluted EPS growth in the second quarter and raised its full-year profit outlook for the second straight time.
S&T Bancorp Profit Climbs as Loan Growth Offsets Deposit Runoff
S&T Bancorp (STBA) posted second-quarter net income of $36.6 million, or $1.02 a share, up 8.5% from the prior quarter as commercial lending expanded and margins widened.
Revenue Rebounds as Acquisition Masks Core Decline
Revenue reached $8.97 billion as cash generation strengthened from the previous quarter.
Surgery Partners Sells Idaho Falls Hospitals for $795 Million
Surgery Partners agreed to sell its Idaho Falls hospital interests to Intermountain Health for roughly $795 million in total consideration, a deal management said would be layered onto guidance it has already reaffirmed three times this year.
Mapfre to Acquire Safety Insurance for $1.54 Billion
Safety Insurance Group (SAFT) agreed to be acquired by Mapfre for $105 a share in cash, a 44% premium, months after storm losses pushed the insurer to its first quarterly net loss in the period reviewed.
RingCentral Lifts Guidance Again as AI Revenue Share Hits 13%
RingCentral's revenue growth accelerated to 5.9% in the second quarter, its fastest pace in a year, as the company raised its full-year outlook for the second straight quarter.
Prudential Advances Reimbursements, Tightens Sales Oversight
The insurer had addressed ¥2.85 billion of the original ¥3.08 billion in claims by July 8.
Ovintiv Raises Payout Target as Debt Falls After Anadarko Sale
Ovintiv (OVV) cut its net debt to $2.995 billion in the quarter, less than half the year-end 2025 level, after closing its $2.82 billion Anadarko divestiture.
NextEra Energy raises growth targets following Dominion Energy merger proposal
Consolidated GAAP net income rose to $3.144 billion in the second quarter
Modine Posts Fourth Straight Record Quarter, Lifts FY2027 Outlook
Modine Manufacturing's adjusted EBITDA climbed 40% to a record $146.1 million as its data-center cooling business kept reshaping the company ahead of a planned spin-off.
HomeTrust's Margin Keeps Climbing as Credit Costs Jump
HomeTrust Bancshares (HTB) pushed its net interest margin to 4.41% in the June quarter even as a swing in off-balance-sheet exposure drove provision expense up 149% and return on assets slipped to 1.46%.
Greene County Bancorp's Margin Widens to 2.86% as Loans Outrun Deposits
Net interest margin expanded 49 basis points to 2.86% at Greene County Bancorp, powering a third straight quarter of record net income even as deposit growth slowed to 2.8%.
Flagstar Ends Margin Expansion as Commercial Loans Grow
Net interest margin slipped 2 bps to 2.13% as lower asset yields outweighed cheaper funding.
Equity Lifestyle Raises Guidance as Pricing Offsets Occupancy Slip
Equity Lifestyle Properties posted normalized funds from operations of $0.74 a share in the second quarter, up 7.7% from a year earlier and above the midpoint of its prior guidance range.
Community West Profit Slides as USB Merger Costs Bite
Community West Bancshares closed its merger with United Security Bancshares and pushed assets past $5 billion, but net income fell to $2.70 million from $11.49 million a quarter earlier.
Customers Bancorp's Margin Bottoms as Reserve Cushion Thins
Customers Bancorp (CUBI) grew net interest income to $193.4 million in the second quarter even as its net interest margin fell to a 3.17% trough and reserve coverage of nonperforming loans slid to 293% from 337%.
Booz Allen EPS Rises 22% as Book-to-Bill Ratio Improves
The consulting firm reported adjusted diluted earnings per share of $1.81 for the first quarter of fiscal 2027.
ACNB's Margin Streak Hits 4.56% as Bank Steps Up Payouts
ACNB Corporation (ACNB) posted a fourth straight quarter of net interest margin expansion, reaching 4.56% in the second quarter, even as it paid out a $0.50 special dividend and pushed regular dividends up 10.5%.
Berkshire Hathaway Completes $8.5 Billion Taylor Morrison Acquisition
The all-cash acquisition unified Berkshire’s regional builders with a national platform spanning 52 housing markets.
Surgery Partners to Sell Hospital Interests in $795 Million Cash Deal
The divestiture is part of a portfolio optimization strategy to shift focus toward high-value ambulatory surgery centers.
Matador to Buy Paloma Permian in $1.275 Billion All-Cash Deal
The acquisition would expand Matador’s Delaware Basin position and is expected to add production, reserves and operating efficiencies.
Second Request Lands on a $9 Billion Medical-Device Merger
Antitrust reviewers asked for more information, pushing the expected close into next year and putting the overlap analysis on the record.
Volume Growth Carries Global Systemic Banks, Costs Split
Balance growth lifted eight of the season's eleven reporting global systemic banks, while a smaller cluster wrestled with rising costs and normalizing credit in the same breath.
Wyndham Raises Guidance Despite Franchisee Insolvency Hit
Wyndham Hotels & Resorts posted a 9% rise in adjusted EBITDA to $212 million even as it stripped out revenue tied to a collapsed European franchisee and raised its full-year outlook.
Waste Connections Raises Outlook as Pricing Offsets Falling Volumes
Waste Connections (WCN) lifted its full-year revenue guidance to $10.02 billion-$10.05 billion after second-quarter revenue rose 6.4% to $2.562 billion, even as unit volumes fell for a second straight quarter.
Thermo Fisher Accelerates Revenue Growth as Demand Strengthens
Organic revenue growth reached 5%, up from 1% in the prior quarter.
Gentherm Posts Record Revenue as Margins and Cash Flow Slip
Gentherm reported record quarterly revenue of $416 million even as gross margin and operating cash flow both weakened from a year earlier.
RTX Raises Full-Year Outlook Again as Backlog Tops $289 Billion
RTX (RTX) posted second-quarter sales of $24.7 billion, up 14% from a year earlier, and raised its full-year profit and revenue guidance for the second straight quarter.
Roper Raises Outlook as Revenue Growth Slows
Adjusted earnings reached $5.38 a share, topping the prior forecast by eight cents.