Industries — page 2
Visa revenue growth slows as operating expenses climb
The payments processor reported net revenue of $11.6 billion for the third quarter.
S&P Global Lifts Profit as Ratings, Indices Drive Growth
Adjusted earnings rose 23% to $4.83 a share as margins widened.
Sherwin-Williams Growth Accelerates, Lifts Full-Year EPS Guidance
Sherwin-Williams posted 7.5% sales growth and 14.3% diluted EPS growth in the second quarter, prompting the paint maker to raise its full-year earnings outlook for the first time this year.
Illinois Tool Works Raises Outlook as Organic Growth Accelerates
Operating income reached a company-record $1.147 billion as margins widened.
Corning's Optical and AI Bets Push Ninth Straight Growth Quarter
Corning posted 17% core sales growth to $4.74 billion in the second quarter, its ninth consecutive quarter of year-over-year gains, while naming Amazon and NVIDIA as new optical-networking partners.
Ford Raises Full-Year Profit Outlook Despite Revenue Decline
The automaker raised its full-year adjusted EBIT guidance to as high as $11.0 billion.
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.
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.
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.
Revenue Rebounds as Acquisition Masks Core Decline
Revenue reached $8.97 billion as cash generation strengthened from the previous 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.
NextEra Energy raises growth targets following Dominion Energy merger proposal
Consolidated GAAP net income rose to $3.144 billion in the second quarter
Flagstar Ends Margin Expansion as Commercial Loans Grow
Net interest margin slipped 2 bps to 2.13% as lower asset yields outweighed cheaper funding.
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.
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.
Thermo Fisher Accelerates Revenue Growth as Demand Strengthens
Organic revenue growth reached 5%, up from 1% in the prior quarter.
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.
PG&E Lifts Profit as Lower Costs Widen Margins
Core earnings increased 36% to $920 million as operating expenses declined.
Honeywell Raises Full-Year Outlook Following Aerospace Spin-Off
The industrial conglomerate raised its full-year adjusted earnings per share guidance to a range of $8.05 to $8.35.
Huntington Grows Loans as Deposit Costs Pinch Margin
Net interest income rose 9% QoQ to $2.052 billion as loan growth outweighed modestly higher funding costs.
Dover Raises Full-Year Outlook as Organic Growth Accelerates
The diversified manufacturer raised its full-year adjusted earnings guidance to a range of $10.55 to $10.75 a share.
Blackstone's Fee Earnings Jump 22% as Perpetual Capital Expands
Blackstone (BX) reported fee related earnings of $1.8 billion, up 22% year over year, as perpetual capital vehicles grew to 48% of fee-earning assets and the firm raised its quarterly dividend 11% to $1.29 a share.
USA Rare Earth to Acquire Carester Assets in France Processing Deal
The asset purchase deepens USA Rare Earth's April stake in the French separation specialist into full ownership of its processing platform, tying Carester's output to feedstock from Round Top and Serra Verde.
Mapfre to Buy Safety Insurance in $1.54 Billion Cash Deal
The combination would give the New England insurer Mapfre’s global resources while preserving its regional brand and agency relationships.
Northrim to Buy PBCO Financial in $167.3 Million All-Stock Deal
The merger gives Northrim Bancorp its first out-of-state branch expansion, extending the Alaska lender's community banking franchise into Southern Oregon and the Willamette Valley.
LightPath to Sell China Unit, Completing NDAA-Compliant Pivot
LightPath Technologies agreed to divest its Zhenjiang, China manufacturing operations for $4.5 million, capping a multi-year shift to a fully Western-aligned supply chain for defense optics.
Repligen to Buy BioLife in $1.5 Billion Cash-and-Stock Deal
The acquisition would expand Repligen’s cell-therapy offering with a biopreservation business built on recurring consumables revenue.
Akzo Nobel to Buy Axalta Coating Systems in All-Stock Deal
The companies refined governance arrangements following shareholder dialogue to create a premier global coatings entity.
A Consent Order Lands on a Regional Lender's BSA Program
The order caps asset growth until remediation is certified — a constraint that binds strategy, not just compliance.
Packaged Food's Margin Cushion Is Thinning
Across a slice of branded food companies, pricing and productivity are still absorbing input-cost shocks that briefly broke through at one name, but the volume damage from those same price increases is starting to show up underneath the numbers.
Wabtec Raises Outlook as Sales Growth Accelerates
Operating cash flow more than doubled to $441 million as conversion reached 82%.
TE Connectivity's Organic Growth Reaccelerates as Industrial Overtakes Autos
TE Connectivity posted record adjusted earnings of $2.94 a share, even as operating-margin gains and free cash flow both cooled from prior quarters.
AT&T Expands Profit as Connectivity Growth Accelerates
Free cash flow rebounded to $4.7 billion, nearly doubling from the first quarter.
Southern Copper Posts Record Profit as Metal Prices Climb
Adjusted EBITDA reached $2.856 billion as the margin widened to 66.6%.