Industries — page 19
Friedman Posts Record Volume and Lifts Earnings
Net earnings reached $12.8 million, or $1.79 a share, on sales of $240.0 million as volume hit about 206,000 tons.
Expensify Lifts Full-Year Free Cash Flow Outlook
The company now estimates $12.0 million to $14.0 million of free cash flow for the year ending December 31, 2026, after a $6.4 million second-quarter print.
Precision BioSciences Reports First Biopsy Proof of cccDNA Elimination
Liver biopsies in ELIMINATE-B showed a 1-log cccDNA drop with under 1% remaining after two PBGENE-HBV doses, and cash stood at $112.4 million at June 30.
Cerence Authorizes First Share Repurchase Program
The board approved up to $30 million of buybacks as third-quarter revenue reached $69.6 million and Adjusted EBITDA rose 50% to $13.5 million.
Corbus Wins FDA Clearance for CRB-701 Phase 3 Trial
Cash of $117.9 million is expected to fund operations into 2028 as the company prepares two September clinical milestones.
Commerce.com's Revenue Growth Stalls After First-Quarter Rebound
Second-quarter revenue was $84.5 million, up 0.1% from a year earlier, after 5% growth in the first quarter, as subscription solutions turned negative.
Citizens Swings to a Loss as Endowment Maturities Recede
Direct insurance premiums reached $48.1 million in the second quarter, the fifteenth straight year-over-year gain in first-year premium.
Blend Labs Growth Cools After a Faster First Quarter
Second-quarter revenue was $33.8 million, up 7% from a year earlier, as non-GAAP operating income reached $7.0 million.
Becton Dickinson Raises Profit Outlook as Revenue Grows
Adjusted earnings from continuing operations increased to $3.23 a share.
Artiva Wins RMAT for AlloNK in Refractory Rheumatoid Arthritis
Cash, cash equivalents and investments stood at $349.4 million as of June 30, 2026, after an approximately $300 million May offering the company said will fund operations into 2029.
ALX Oncology Cash Reaches $153.4 Million After Refinancing
The clinical-stage biotech said cash, cash equivalents and investments of $153.4 million as of June 30, 2026, are sufficient to fund planned operations through the first half of 2028.
Alta Equipment Tightens 2026 Adjusted EBITDA Range
The equipment dealer now expects full-year Adjusted EBITDA of $167.5 million to $177.5 million after second-quarter Adjusted EBITDA of $48.6 million.
Tripadvisor Agrees to Sell TheFork to American Express for $700 Million
The all-cash sale would give Tripadvisor greater capital-allocation flexibility as it concentrates on travel experiences.
Market Gains Mask Asset Managers’ Flow Strain
Asset appreciation lifted AUM across major managers, while persistent redemptions and slower fundraising exposed weaker underlying growth.
Xperi Keeps 2026 Outlook After Advertising Growth
Advertising and related revenue reached $14.98 million in the second quarter, up 54% from a year earlier, as TiVo One monthly active users hit 6.3 million.
Weight Watchers Restores Profit After Peak-Season Marketing Reset
Second-quarter revenue was $162.3 million as Clinical Subscription Revenue reached $39.9 million and Adjusted EBITDA swung to $39.8 million.
TeraWulf's HPC Pivot Accelerates as Anthropic Signs $19 Billion Lease
TeraWulf reported second-quarter revenue of $44.8 million as HPC leasing grew to 71% of the mix and Anthropic signed a 20-year lease worth roughly $19 billion at its Justified Data Campus.
Vanda Reiterates 2026 Revenue Guidance After Fanapt Sales
Second-quarter total net product sales were $50.5 million, excluding about $7.0 million of HETLIOZ orders to be booked in the third quarter.
Entrada Completes ELEVATE-45 Cohort 1 and Starts 10 mg/kg Dosing
Cash, cash equivalents and marketable securities were $223.0 million as of June 30, 2026, and the company said the balance will fund operations into the third quarter of 2027.
TriplePoint Venture Growth Restarts Supplemental Distributions
The board declared a $0.23 regular payout plus $0.12 of supplemental distributions after a $12.8 million Revolut sale lifted net assets to $0.26 a share.
TaskUs Raises Full-Year Revenue Floor After Guidance Beat
Second-quarter service revenue of $308.9 million topped the high end of the company’s outlook by $10.9 million, prompting a $10 million lift to the 2026 revenue floor.
Stoneridge Reaffirms 2026 Outlook After Record Adjusted Ebitda
Adjusted EBITDA was $5.5 million, or 3.0% of sales, versus $0.8 million a year earlier, as the company kept its $645 million to $670 million revenue range.
SmartRent Restores Core Revenue Growth After a Flat First Quarter
Core revenue reached $38.4 million, up 14% from a year earlier, and Adjusted EBITDA was $0.7 million as the company posted a third straight quarter of positive Adjusted EBITDA.
Seaport Entertainment Posts First Adjusted Profit in Two Years
Non-GAAP adjusted net income attributable to common stockholders was $0.32 million, or $0.02 a share, after a $17.88 million adjusted loss in the first quarter.
RGC Resources' Summer Margin Gain Is Wiped Out by Costs
Operating margin rose $757,000 year over year in the June quarter, but expenses rose by a similar amount and diluted earnings stayed at $0.05 a share.
Portillo's Cuts Corporate Workforce After Same-Sales Slide
Same-restaurant sales fell 1.2% in the second quarter as transactions dropped 3.4% and commodity prices rose 7.0%.
Palmer Square Narrows Mark Losses After a Heavy First Quarter
Net investment income was $12.0 million, or $0.39 a share, as the company declared a $0.36 third-quarter base dividend.
OraSure Core Sales Hold After Two-Quarter Slide
Second-quarter revenue of $30.6 million rose 9.7% from the prior quarter and sat above the company's guidance range.
Oportun Raises Full-Year Ebitda Outlook After Margin Expansion
Adjusted EBITDA reached $49 million in the second quarter, and the company lifted its full-year range 6% at the midpoint to $160 million to $175 million.
BeOne Raises Outlook as Operating Margin Widens
Free cash flow nearly doubled to $435 million in the second quarter.
Orion Raises Free Cash Flow Outlook After Specialty Rebound
Second-quarter Adjusted EBITDA reached $58 million, and the company lifted its 2026 free cash flow range to a $10 million outflow to $20 million inflow.
New York Times Lifts Profit as Digital Subscription Growth Accelerates
Revenue rose 11.2% to $762.5 million as subscriptions and advertising advanced.
Lightbridge Removes First Irradiated Fuel Samples From Reactor
Cash and cash equivalents were $237.5 million at June 30, 2026, as Lightbridge posted a $5.8 million net loss for the quarter.
LifeMD Cuts 2026 Profit Outlook After GLP-1 Shift
Second-quarter revenue was $47.3 million and the company now sees full-year adjusted EBITDA of negative $6.0 million to breakeven.
LCI Lifts Profit as Aftermarket Offsets RV Slump
Adjusted net sales declined 4.5% to $1.057 billion after accounting for expected tariff-refund pass-throughs.
CS Disco Raises Low End of 2026 Revenue Outlook
Second-quarter revenue was $43.1 million, up 13% from a year earlier, as the company lifted the low end of its full-year total-revenue range.
Standard BioTools Drops 2026 Revenue Outlook Amid Treeline Merger
Second-quarter revenue was $20.1 million as the company said it is on track to close the Treeline Biosciences combination before year-end.
Kaltura Restores Year-Over-Year Revenue Growth
Second-quarter revenue was $46.9 million, up 5% from a year earlier, after a 5% decline in the first quarter, and the company said it beat the high end of its guidance.
Kraft Heinz Posts $6.4 Billion Operating Loss on Impairment Charge
A $7.4 billion non-cash impairment drove Kraft Heinz to a GAAP operating loss in the quarter, even as management narrowed its full-year sales-decline forecast.
Inspired Entertainment's Adjusted EBITDA Margin Reaches 45%
Adjusted EBITDA reached $27.1 million in the second quarter, up 14% from the prior quarter, as the company reaffirmed a 2026 target of $112 million to $118 million.
Immuneering Doses MAPKeeper 301 After ASCO Survival Data
The company reported 17.3-month median overall survival in 55 first-line pancreatic cancer patients on atebimetinib plus mGnP, with cash of $182.7 million and runway still expected into 2029.
ISG Posts Highest Quarterly Revenue Since 2023
Second-quarter revenue reached $65.5 million, up 6.4% from a year earlier, as year-over-year growth accelerated from the first quarter's 3% pace.
Holley Completes Restoration Brand Sales
Net sales rose 3.2% to $172.0 million as the company booked a $28.3 million loss on the sale of non-core assets.
Hudson Cuts 2026 Gross-Margin Target After Volume Gain
Second-quarter revenue reached $78.3 million as sales volume rose 12% and selling prices fell 6%.
Hamilton Beach Restores Sales After a First-Quarter Drop
Second-quarter revenue rose 11.6% to $142.6 million as U.S. Consumer volumes recovered and IEEPA tariff refunds lifted reported gross margin to 54.3%.
FTAI Infrastructure Posts Record Rail Earnings
Railroad Adjusted EBITDA reached $42.4 million as the company booked $76.1 million of group Adjusted EBITDA and a $63.2 million impairment.
Energy Recovery's Megaproject Sales Collapse After Iran War
Second-quarter revenue fell 57% to $12.0 million as megaproject sales dropped 82% and the company posted a $3.2 million net loss.
Emergent Cuts Full-Year Outlook After Naloxone Impairment
Second-quarter revenue reached $234.3 million as medical countermeasures rose, while the company booked a $191.3 million NARCAN impairment and lowered full-year revenue guidance to $645 million to $675 million.
Disney Profit Growth Accelerates as Experiences Lead
Quarterly revenue rose 7% to $25.25 billion, holding its prior-quarter growth rate.
DHI Raises Dice Margin Outlook, Reaffirms Revenue Guidance
ClearanceJobs bookings rose 24% to $14.3 million as the company lifted Dice's full-year Adjusted EBITDA margin target to 24% from 22%.