Industries — page 12
Copart to Buy ACV in $1.9 Billion Cash Deal
The online vehicle-auction operator will pay $10.50 a share to add a digital dealer-to-dealer wholesale platform and close by year-end 2026.
Scale Meets Its Integration Test
Bank mergers are lifting balance sheets for a concentrated group of lenders, but the lasting payoff depends on deposits, operating leverage, credit discipline and tangible capital.
Wealthfront Revenue Growth Slows to 1% as Cash Assets Fall
The tech-driven financial platform posted $91.9 million of quarterly revenue and said Total Platform Assets passed $100 billion at the end of August.
Sunbelt Rentals Lifts Fiscal 2027 Revenue Outlook to 6%–9%
Rental revenue rose 12.5% to a record $2,927 million in the fiscal first quarter ended July 31, 2026.
RH Raises Full-Year Outlook After Estates Launch
GAAP net revenues were $922.2 million in the quarter ended August 1, 2026, up 2.6% from a year earlier and 4.2 points faster than the first quarter.
Navan Lifts Fiscal 2027 Revenue Outlook to $933 Million
The travel platform posted $233 million of second-quarter revenue and raised full-year non-GAAP operating income to $82 million to $86 million.
Gloo Lifts Fiscal 2026 Revenue Outlook to $200 Million
The faith-technology platform posted $46.6 million of second-quarter sales, 188% above a year earlier, and said it expects Adjusted EBITDA profitability in the fourth quarter.
National Beverage's Gross Margin Falls to 35.0% on Aluminum Costs
Net sales were $330.7 million in the first quarter of fiscal 2027 as a 7.1% price increase offset a 6.4% drop in case volume.
Sysco to Buy Jetro Restaurant Depot
The foodservice distributor said the deal would create a preeminent multi-channel foodservice distribution platform.
Plains All American Completes 100% Stake in EPIC Crude
The pipeline operator now owns the full EPIC Crude Holdings system and serves as operator of record of the Cactus III Pipeline.
NorthWestern Energy to Merge with Black Hills in All-Stock Deal
The combination of two Midwest utilities is structured as a merger of equals that would create a parent named Bright Horizon Energy.
Enbridge to Buy Tallgrass Energy in $2.55 Billion Cash Deal
The Canadian energy company said the purchase links Bakken, Powder River Basin and Denver-Julesburg crude through Cushing and complements its Express-Platte system.
Centerspace to Merge With Independence Realty Trust in $8.1 Billion Deal
The all-stock combination of two middle-market apartment REITs is expected to be about 5% accretive to 2027 Core FFO per share on a leverage-neutral basis.
Analog Devices to Buy Alif Semiconductor in $1.35 Billion Cash Deal
The analog chipmaker said the purchase accelerates its “Physical Intelligence” push, pairing Alif’s digital processing with ADI’s sensing, power, and connectivity stack.
Alcoa to Buy South32 Assets in $4.1 Billion Deal
The aluminum producer will take Worsley Alumina, Hillside Aluminum and Brazil operations for $3.1 billion in cash plus about 17 million shares.
SailPoint ARR Growth Slows to 25% After Two Faster Quarters
The identity-security vendor posted $1.231 billion of annual recurring revenue and $309 million of quarterly sales as remaining performance obligation reached $1.9 billion.
InnovAge Posts $9.8 Million Profit After Litigation Loss
The PACE operator reported $262.0 million of revenue in the three months ended June 30, 2026, and issued fiscal 2027 Adjusted EBITDA guidance of $105 million to $115 million.
Chewy Raises Full-Year Outlook After Strong Quarter
Net sales reached $3.33 billion, up 7.3%, and adjusted EBITDA margin hit 6.8% as Chewy lifted its full-year revenue and profitability outlook.
Casey’s Inside Same-Store Sales Slow to 3.2%
The convenience chain posted diluted earnings of $7.37 a share in the three months ended July 31, 2026, as fuel margin offset a 0.3% drop in same-store gallons.
Braze Revenue Growth Slowed to 26% From 30%
The customer-engagement platform posted $227.2 million of sales and $22.0 million of non-GAAP operating income in the fiscal second quarter.
Worthington Steel to Close Kloeckner Deal by January 2027
The metals processor said it is combining with Kloeckner to realize opportunities ahead in the metals-processing business.
WaFd to Buy EverBank Financial in $3.9 Billion Stock Deal
The Seattle-based lender said the all-stock combination is expected to be significantly accretive to earnings per share in 2027.
Solaris Energy Infrastructure to Buy Omega Foundation Services
The Houston power-infrastructure company said the deal adds specialized EPC and heavy civil construction to its full-cycle offering.
GE Aerospace to Buy Consolidated Precision Products for $11.75 Billion
The engine maker said the mixed-structure purchase of a casting supplier is meant to expand capacity across commercial engines, aftermarket and defense.
Franklin Electric Completes $350 Million Cat Pumps Deal
The pump maker closed a mixed cash-and-stock purchase that adds high-pressure technology and an industry-leading brand to its commercial and industrial flow control platform.
First Citizens Bank to Buy $5 Billion of BMO Deposits
The asset purchase adds $650 million in loans and extends the bank’s relationship-banking network nationwide.
Circle to Acquire Tazapay to Expand USDC Payouts
The stablecoin issuer said the deal will add 60-plus banking and fintech partners and 100-plus payout markets to its ecosystem.
Chime to Buy Stride Bank in $590 Million Cash Deal
The digital bank said the national charter and Stride’s infrastructure will underpin an end-to-end platform built for the AI era.
ServiceTitan Raises Fiscal 2027 Profit Outlook
The trades software company lifted full-year non-GAAP operating income to $152 million–$154 million after $50.5 million of second-quarter free cash flow.
ABM Raises Fiscal 2026 Adjusted Earnings Outlook
The company now sees full-year adjusted EPS of $3.95 to $4.10 after a record $2.3 billion quarter and lifted free-cash-flow expectations to about $210 million.
Retailers and Software Firms Split on Buybacks
Abercrombie and Snowflake spent billions on repurchases while Best Buy, Dillard's, and Victoria's Secret paused or slowed.
Bad Boy Mowers to Buy Excel Industries in Asset Deal
Stanley Black & Decker said the sale refines its portfolio and concentrates resources on higher-growth opportunities.
SoundHound AI to Acquire LivePerson in All-Stock Deal
The voice-AI company said the combination pairs its agentic voice platform with LivePerson’s digital messaging to create an end-to-end omnichannel engagement stack.
Flex to Buy EPC Power in $4.4 Billion Deal
The electronics manufacturer said the purchase expands its Cloud and Power Infrastructure unit as data centers shift to 800V power architectures.
Lululemon Cuts Full-Year Sales Outlook to $10.35 Billion
The athletic-apparel maker now expects fiscal 2026 net revenue of $10.350 billion to $10.500 billion, a 5% to 7% decline.
Guidewire Revenue Growth Slowed to 15% in Fourth Quarter
The insurance-software platform posted $411.1 million of fourth-quarter revenue and guided first-quarter fiscal 2027 sales to $372 million to $378 million.
Docusign Lifts Fiscal 2027 Revenue Outlook to $3.5 Billion
The agreement-software company guided annual recurring revenue growth to 8.50%–9.00% and said IAM would reach 18%–19% of ARR by year-end.
Equity Bancshares to Buy Lincoln Bancorp for $123.8 Million
The Wichita-based holding company said the mixed stock-and-cash deal builds on its Iowa footprint and is expected to close in the fourth quarter of 2026.
Diversified Energy to Buy Birch Permian Holdings for $1.8 Billion
The deal is the largest in the company’s 25-year history and is expected to add about 68 Mboepd of operated Permian production.
Bank7 to Buy Century Financial in $91 Million Cash Deal
The Oklahoma City bank holding company said the purchase would create a combined Southwest organization with about $3.4 billion in assets.
Apogee Enterprises to Buy SIA GroGlass for Up to €62.5 Million
The all-cash deal is expected to add coating technologies, materials-science expertise and a European manufacturing footprint to Apogee’s Performance Surfaces Segment.
AbbVie Completes $10.9 Billion Cash Purchase of Apogee
The immunology-focused drugmaker closed the all-cash deal that folds a late-stage atopic dermatitis antibody and a respiratory pipeline into its franchise.
Snowflake Product Revenue Growth Reaches 37%
The AI Data Cloud company lifted full-year product revenue guidance to $6.07 billion after a third straight quarter of faster growth.
PVH Non-GAAP Operating Margin Reaches 11.1%
The apparel company posted second-quarter non-GAAP earnings of $3.70 a share, above its $3.00 to $3.10 outlook.
Planet's Growth Accelerates to 58% on Record Sales
Second-quarter revenue reached a record $116.1 million as adjusted EBITDA swung to $13.9 million of profit.
Ollie's Comparable Sales Turned Negative 1.8%
The off-price retailer posted $1.42 a share and cut full-year sales guidance to $2.928 billion to $2.941 billion.
Samsara Extends Third Quarter of 30% ARR Growth
Revenue reached $508.4 million as annual recurring revenue crossed $2.1 billion and GAAP earnings held for a fourth straight quarter.
Campbell's Cuts Dividend 36% and Targets $500 Million in Savings
The company reset the quarterly dividend to $0.25 a share and launched a fiscal 2030 cost program after a $117 million trademark impairment and a swing to a $0.23 a share loss.
Ciena Raises Full-Year Sales Outlook After Record Quarter
Fiscal third-quarter revenue reached $1.67 billion, up 37% from a year earlier, and the company lifted full-year 2026 guidance to $6.42 billion plus or minus $50 million.
Brown-Forman Organic Sales Turn Down 1% After Growth
The spirits maker posted $911 million in first-quarter net sales and reaffirmed a plan for roughly flat organic revenue in fiscal 2027.