Industries — page 22
Gaming and Leisure Properties Lifts 2026 AFFO Guidance Midpoint
Second-quarter revenue reached $430.5 million and the company now forecasts AFFO of $4.10 to $4.12 a share for 2026.
Greif Profit More Than Doubles as Margins Widen, Debt Shrinks
Greif posted a 156.7% jump in net income to $78.8 million as gross margin expanded 650 basis points and leverage fell to 1.1x from 3.1x a year earlier.
Eaton Raises Outlook as Second-Quarter Sales Climb 21%
Organic growth reached 14% as demand strengthened across Eaton’s electrical businesses.
Dexcom Lifts 2026 Revenue Guidance After Second-Quarter Results
The glucose-monitoring company now sees fiscal 2026 revenue of $5.18 billion to $5.25 billion after second-quarter sales of $1.308 billion.
Leonardo DRS Lifts Guidance Again as Margins, Bookings Accelerate
The defense electronics maker posted 10% revenue growth and a 59% jump in net earnings, prompting its second consecutive full-year guidance increase.
Dominion Reaffirms 2026 Outlook After Virginia Rate Lift
Operating earnings were $0.79 a share in the second quarter, with Virginia contributing $0.76 a share after biennial-review and equity-return riders.
Chevron Earnings Climb to $12.1 Billion on Production Growth
The energy giant reported a quarterly profit of $12.1 billion, up from $2.49 billion a year earlier.
Cavco Profit Falls Even as Revenue and Backlog Climb
Cavco Industries closed its first quarter of fiscal 2027 with a backlog of $298 million, up more than 50% from three months earlier, even as per-share profit fell for the second time in three quarters.
Cousins Properties Lifts FFO and Raises Full-Year Guidance
The Atlanta office landlord posted funds from operations of $0.75 a share in the second quarter, up from $0.70 a year earlier, as leasing pushed occupancy to its highest level since early 2020.
Columbia's Profit Swing Rides One-Time Tariff Refund, Not Demand
Columbia Sportswear swung to $0.52 in diluted earnings per share in the second quarter, but a $78 million IEEPA tariff refund accounted for $0.93 of that figure, implying underlying results were negative.
CNO Raises 2026 Operating Earnings Guidance
The life insurer lifted full-year operating EPS guidance 8% at the midpoint after a 45% jump in second-quarter operating earnings.
BrightSpring Raises Outlook as Earnings Growth Outpaces Sales
Revenue reached $3.873 billion as BrightSpring lifted its full-year sales forecast.
Balchem's Sales Growth Hits Three-Quarter High, Nutrition Margins Widen
Balchem posted 11.2% net sales growth in the second quarter, its fastest pace in three quarters, as its Animal Nutrition and Health segment's operating earnings jumped 48.7%.
Axos Loan Growth Slows, Deposits Jump on Jenius Deal, Credit Costs Ease
Net interest income rose 13.5% to $317.9 million at Axos Financial (AX) even as loan growth decelerated for a third straight quarter and CET1 slipped to 11.76%.
Ares Fee Earnings Jump 20% as AUM Hits Record $671 Billion
Fee Related Earnings at Ares Management (ARES) climbed 20% to $491.1 million in the second quarter, even as management-fee growth cooled to 14% from the 25% pace set earlier in the year.
Agree Realty Lifts Investment Guidance as Growth Rates Ease
Agree Realty raised its 2026 acquisition target to as much as $1.8 billion after a record $502 million quarter, even as per-share earnings growth slowed.
AbbVie Lowers Annual Guidance Following Apogee Therapeutics Acquisition
The biopharmaceutical company reported second-quarter net revenues of $16.990 billion, a 10.2% increase from a year ago.
Everus to Buy Epsilon Industries in $295 Million Cash Deal
The acquisition pushes Everus deeper into off-site modular construction and opens priority markets in Florida, Texas, the Mid-Atlantic and the Northeast.
Deluxe Completes Celero Commerce Acquisition in $625 Million All-Cash Deal
The acquisition expanded Deluxe’s payments platform toward top-10 status among non-bank merchant acquirers.
Santander, SocGen Both Lean on Disposals to Move the Numbers
Portfolio sales, not underlying business performance, drove the one-off capital and cost moves at both reporting global systemic banks this quarter.
Yum Revenue Rises 12% as Taco Bell Offsets Pizza Hut
The restaurant operator opened 1,053 locations as worldwide unit count increased 5%.
XPO's LTL Ratio Hits Record as Profit Growth Accelerates
XPO posted a record 79.9% operating ratio in North American LTL as adjusted earnings per share jumped 61.9% to $1.70.
Xcel Profit Climbs as Energy Costs Fall
Operating margin widened to about 22.6% even as quarterly revenue declined.
Waystar Raises Guidance Even as Growth Engines Cool
Waystar posted 18% revenue growth to $319.7 million and raised its full-year outlook, even as volume-based revenue growth slowed to just 3% and net revenue retention fell to 108%.
Ventas Lifts 2026 Guidance as Senior Housing Investment Pace Doubles
Ventas raised its full-year investment target to $4.5 billion, a $1.5 billion increase that marks the largest single guidance raise in a string of upward revisions this year.
Sensata Posts Third Straight Quarter of Accelerating Growth
Sensata Technologies Holding reported second-quarter revenue of $990.6 million, up 5.0% year over year and marking the fastest organic growth pace in a year of sequential acceleration.
Rimini Street Reiterates 2026 Outlook After Growth Reacceleration
Adjusted revenue excluding Oracle PeopleSoft rose 10.0% to $108.0 million as the company guided third-quarter sales of $110 million to $112 million.
Ruger's Sales Growth Reaccelerates After a Slow First Quarter
Second-quarter net sales reached $158.1 million, up 19% from a year earlier, and diluted earnings were $0.43 a share after a $1.05 loss a year earlier.
Regeneron reports second-quarter revenue growth to $4.3 billion
The biotechnology company lowered its full-year GAAP gross margin guidance to a range of 77%–78% following a production interruption in Ireland.
Patterson-UTI Snaps Six-Quarter Slide as Pricing Turns Higher
Patterson-UTI Energy swung to a broad-based sequential rebound, with revenue climbing 10% to $1.2 billion and its rig count exit rate jumping to 96 from a 92 average.
PennyMac Mortgage Trust Pivots Away From Agency MSRs Toward Credit
PennyMac Mortgage Investment Trust posted $20 million in net income for the second quarter as it agreed to sell $13 billion in mortgage-servicing-rights UPB and redirect capital into non-Agency credit investments.
Pagaya Raises Full-Year Net Income Outlook Again
Second-quarter network volume hit a record $3.5 billion, up 33% from a year earlier, as Auto volumes reached a $4.8 billion annualized run-rate.
Penske Revenue Growth Accelerates as Margins Keep Slipping
Penske Automotive Group delivered its strongest same-store sales growth in a year even as operating income fell 7.6% and a take-private approach from its own founder surfaced for the first time.
NorthWestern Energy Profit Growth Returns as Merger Nears Finish Line
NorthWestern Energy Group posted second-quarter adjusted earnings of $0.50 a share, up from $0.40 a year earlier, as its pending merger cleared every regulatory hurdle but Montana.
Neogen Posts Fastest Core Growth of Fiscal Year, Guides Higher
Neogen (NEOG) closed fiscal 2026 with core revenue growth of 4.3% in the fourth quarter, its strongest quarterly pace of the year, as gross margin widened to 47.8% from 41.2%.
Meridian's Net Interest Margin Reverses After a Quarter of Expansion
The Pennsylvania community bank's tax-equivalent margin fell 13 bps to 3.69% as net interest income slipped to $22.8 million.
Altria Narrows EPS Guidance Up as Growth Slows, Buybacks Ease
Altria Group's adjusted profit growth cooled to 2.8% in the quarter even as the tobacco giant raised the floor on its full-year earnings forecast.
Mohawk Profit Jumps on Tariff Refunds as Margins Recover
Mohawk Industries posted adjusted earnings of $3.67 a share in the second quarter, up 32% from a year earlier and boosted by a $0.63 tariff-refund benefit.
McGrath RentCorp Profit Slips as Sales Deals Slide to Later Quarters
McGrath RentCorp reported second-quarter net income of $33.7 million, down from $36.0 million a year earlier, as a 34% drop in sales revenue offset gains in its rental business.
Madrigal's Rezdiffra Growth Cools After a 127% First Quarter
Second-quarter net sales reached $364.3 million as more than 49,000 patients were on the MASH drug.
Marcus Swings to Profit as Theatres and Hotels Both Accelerate
Marcus (MCS) posted second-quarter revenue of $231.7 million, up 12.5% from a year earlier, as both its theatre and hotel divisions returned to growth after a soft first quarter.
Laureate Education Raises Full-Year Guidance as Peru Growth Offsets Mexico Margin Strain
Laureate Education's second-quarter revenue rose 17% to $615.9 million, prompting the for-profit university operator to raise its full-year outlook for the second straight quarter.
KKR's Fee Related Earnings Jump 37% as Fundraising Hits Record $34 Billion
KKR (KKR) grew fee related earnings 37% year over year to $1.2 billion in the second quarter as new capital raised hit a record $34 billion and assets under management climbed to $796 billion.
KBR Revenue Growth Returns as Spin-Off Cash Costs Mount
KBR posted revenue up 2% to $2.0 billion, its first quarterly growth in three quarters, even as operating cash flow fell 77% and new spin-off charges pressured margins.
Ingersoll Rand Lifts 2026 Revenue Growth Outlook
The flow-creation maker now sees full-year revenue growth of 4.5% to 6.5% after second-quarter sales of $2,049 million.
International Paper Narrows 2026 Ebitda Target After Loss
Continuing operations swung to a $12 million loss as adjusted EBITDA fell to $587 million, and the company now targets $3.20–$3.40 billion for the full year.
First Internet's Provision Eases as Credit Metrics Improve
The branchless lender booked a $13.4 million provision in the second quarter and forecast full-year diluted EPS of $2.35–$2.45.
Hexcel Raises 2026 Sales and Earnings Outlook
Second-quarter sales were $529.3 million, up 8.0%, as Airbus A350 and Boeing 787 volumes hit pre-pandemic highs.
Henry Schein Executive Exodus Widens Beyond CEO Succession
Henry Schein said its chief operating officer and two other senior executives will step down October 30, 2026, extending a leadership overhaul that began with Chairman Stanley Bergman's board retirement.
Hippo Raises 2026 Premium and Profit Outlook
The insurer now expects over $1.65 billion of gross written premium and upwards of $70 million of adjusted net income for the year.