Industries — page 23
GSI Technology Completes Sentinel Lab Phase as Plato Advances
The chipmaker booked $6.3 million of first-quarter fiscal 2027 revenue, in line with the midpoint of its $5.9 million to $6.7 million outlook, and pointed to a September AI-assisted SDK.
Green Brick Orders Jump 19% as Home Prices Keep Sliding
Green Brick Partners posted a 19% jump in net new home orders even as revenue fell 9.9% to $481.6 million on lower prices.
Exelon Beats on EPS as ComEd Rebounds, PECO and PHI Soften
Exelon posted adjusted operating earnings of $0.43 a share in the second quarter, up from $0.39 a year earlier, as gains at ComEd and BGE offset declines at PECO and PHI.
Essex Property Trust Absorbs Legal Charges as Core FFO Edges Up
Essex Property Trust (ESS) posted diluted net income of $0.97 a share in the second quarter, down 71.8% from $3.44 a year earlier after $55.8 million in legal settlement charges.
Escalade Restores Sales Growth After a Stagnant First Quarter
Second-quarter net sales reached $57.7 million, up 6.2% from a year earlier, after a 0.6% rise in the first quarter.
Enterprise Products Posts Record Profit, Raises Spending Plan
Second-quarter revenue rose 61% to $18.27 billion as pipeline and marine-terminal volumes reached records.
Donnelley Financial Grows Software Sales as Print Slides
Donnelley Financial Solutions posted a third straight quarter of net sales growth as software revenue hit a record $99.4 million, even as print and distribution sales fell 15%.
Civeo Completes 20% Buyback After Convertible Notes
Second-quarter revenue rose 11% to $180.0 million as the hospitality operator issued $115.0 million of convertible notes and finished its 20% share-repurchase authorization.
Comstock Restores Sequential Production Growth
Second-quarter output was 113.1 Bcfe, up 16% from the first quarter, as the Haynesville producer booked a $600 million Pinnacle stake sale.
Columbus McKinnon Raises Guidance Weeks After Reaffirming It
Net sales more than doubled to $531.5 million as the Kito Crosby acquisition reshaped the industrial-equipment maker's scale, prompting Columbus McKinnon to raise fiscal 2027 guidance just weeks after holding it steady.
Churchill Downs Posts Record Revenue as Growth Cools
Churchill Downs (CHDN) reported record net revenue of $980 million for the second quarter, up 5% from a year earlier as growth decelerated from the double-digit pace seen in late 2025.
Blackstone Mortgage Trust Widens Loss on Credit Reserves
The real estate finance company recorded an $81.2 million net loss, or $(0.48) a share, as CECL reserves rose $106 million to $410 million.
Boot Barn Same-Store Growth Cools After a Record Year
The western retailer posted $593.5 million in first-quarter sales and $2.29 a share, including $0.38 from tariff refunds.
Air Products Raises Annual Forecast Despite Project Exit Charges
The industrial gas maker raised its full-year adjusted earnings per share guidance to a range of $13.39 to $13.49
A. O. Smith Cuts Profit Guidance as China Sales Collapse
The water-heater maker's adjusted earnings guidance midpoint fell for the second straight quarter after China local-currency sales dropped 28%.
Amarin Extends Cash Gains as Revenue Slides
Cash reached $314.6 million as the drugmaker generated positive cash flow for a third consecutive quarter.
American Electric Power Raises Outlook as Contracted Load Expands
Second-quarter revenue rose 7.0% to $5.445 billion as the utility added contracted demand.
PHINIA to Buy stoba Group in Supply-Chain Deal
The acquisition would expand PHINIA’s manufacturing capabilities and give it greater control and flexibility across its supply chain.
Intercontinental Exchange to Buy MarketAxess in $5.7 Billion Cash Deal
The acquisition combines two complementary platforms to create an integrated fixed income ecosystem spanning execution, data, and analytics.
ICE to Buy MarketAxess in $5.7 Billion All-Cash Deal
Intercontinental Exchange said the acquisition would knit its retail bond and data franchise together with MarketAxess's institutional trading network to form a single fixed income marketplace.
Group 1 Automotive to Acquire Hennessy Automobile Companies in Asset Purchase
The acquisition is designed to expand the company's footprint in the Atlanta market to enhance operational efficiency.
eBay to Buy Depop in $1.4 Billion All-Cash Deal
The sale would let Etsy concentrate its resources on sustainable growth for its core marketplace.
Broadband losses deepen at major US providers
Charter, Comcast and Liberty Global all report accelerating declines in fixed-line subscribers and revenue.
Xylem Orders Jump 42% While Revenue Growth Stalls Near 1%
Xylem posted a 42% surge in orders to $3.1 billion even as quarterly revenue growth slowed to just 1% organically.
Waste Management Margins Widen as Revenue Growth Cools
Waste Management posted adjusted operating EBITDA margin of 30.9% in the second quarter, even as revenue growth slowed to 4.0%.
Werner Raises 2026 Capital Spending After Fleet Turn
Second-quarter revenue reached $933.9 million and non-GAAP adjusted operating income was $27.6 million as the company lifted full-year net capital expenditures to $215 million to $250 million.
Vulcan Materials' Cost Inflation Erases Pricing Gains as Margins Slip
Vulcan Materials reported second-quarter Adjusted EBITDA of $654 million, down 1% from a year earlier as freight and diesel costs outpaced pricing gains.
Veralto Raises Full-Year Profit Outlook as Core Growth Accelerates
Veralto posted 7.6% sales growth to $1,474 million in the second quarter and raised its full-year adjusted earnings guidance for the second time this year.
Visa revenue growth slows as operating expenses climb
The payments processor reported net revenue of $11.6 billion for the third quarter.
UPS Adjusted Profit Grows 12% as Guidance Rises Despite EPS Hit
United Parcel Service raised its full-year revenue outlook to roughly $91.2 billion after quarterly revenue climbed 7.6% even as a $891 million restructuring charge cut GAAP earnings per share in half.
Frontier Revenue Hits Record as Restructuring Charges Widen GAAP Loss
The airline's adjusted per-share loss narrowed to 10 cents from 30 cents in the prior quarter, even as unit revenue growth hit a three-quarter high.
Tyler Technologies Raises EPS Outlook as Margins Narrow
Tyler Technologies reported second-quarter revenue of $645.1 million, up 8.2% from a year earlier, even as operating margin compressed and the company raised its full-year profit guidance.
Timberland Reverses Margin Squeeze and Restarts Loan Growth
Net interest margin recovered 4 bps to 3.85% and net loans rose 3% to $1.50 billion in the quarter ended June 30, 2026.
LendingTree's Insurance Growth Offsets a Consumer Slip
Second-quarter revenue was $313.4 million, up 25% from a year earlier, as Insurance revenue reached $209.3 million.
Tiptree Books $372 Million Gain as Fortegra Sale Closes
Tiptree's second-quarter diluted EPS jumped to $10.30 from $0.39 a year earlier after the company completed the $1.65 billion sale of Fortegra and unveiled a $100 million deal to buy specialty insurer Universal Shield.
Smurfit Westrock Returns to Profit as Costs Erode Margins
The packaging maker narrowed its full-year Adjusted EBITDA guidance to $4.9 billion to $5.1 billion, tightening a range it had set wider just one quarter earlier.
Spok Cuts 2026 Revenue Guidance After Paging-Unit Slowdown
Second-quarter software operations bookings were $9.5 million, up nearly 92% from the first quarter, as the company lowered its full-year revenue midpoint to $136 million.
S&P Global Lifts Profit as Ratings, Indices Drive Growth
Adjusted earnings rose 23% to $4.83 a share as margins widened.
SoFi Revenue Hits Record $1.2 Billion as Profit Growth Cools
SoFi Technologies posted record adjusted net revenue of $1.2 billion, up 40% year over year, even as GAAP net income fell for a third straight quarter.
Seacor Marine Board Opens Strategic Alternatives Review
Operating income swung to a $16.0 million profit after five vessel sales produced $31.3 million of gains.
Scotts Miracle-Gro Raises Full-Year Outlook Despite Sales Slowdown
Scotts Miracle-Gro lifted its full-year adjusted profit guidance even as third-quarter net sales growth slowed to 1% and gross margins slipped on higher freight and commodity costs.
Sherwin-Williams Raises 2026 Earnings Outlook After Faster Growth
Second-quarter net sales rose 7.5% to $6.79 billion, faster than the first quarter, and the company lifted full-year diluted earnings guidance to as much as $11.32 a share.
Stellus Capital Adds Third SBA-Backed SBIC License
The BDC estimated second-quarter net investment income of $0.25 to $0.27 a share and NAV of $12.76 to $12.84 a share as of June 30, 2026.
Seacoast Banking Posts Record Loan Growth, Wider Core Margin
Seacoast Banking Corp of Florida reported second-quarter net income of $59.5 million, or $0.55 a share, up 87% from the first quarter as a securities-repositioning charge fell out of the base.
Redwood Trust Narrows Loss as Mortgage Banking Volume Nearly Doubles
Redwood Trust cut its GAAP net loss to $0.03 a share in the second quarter from $0.07 in the first, as mortgage banking production topped $8 billion for a second straight quarter.
Regional Management's First-Quarter Profit Rebound Reverses
Second-quarter net income was $8.2 million, or $0.85 a share, after a first quarter in which earnings had risen 63% and 69% year over year.
Quadhics Posts First Sales Growth in Years as Margins Slip
Quadhics swung to a $4 million profit as net sales rose 1% to $578 million, even as adjusted EBITDA margin narrowed and cash on hand fell to $7.4 million.
PayPal Revenue Growth Reaccelerates as Cash Flow Rebounds
PayPal reported second-quarter net revenue of $8.68 billion, up 5% from a year earlier and a sequential acceleration after a decline in the first quarter.
Pentair Slashes Guidance as Pool Destock Erases Growth Streak
Pentair cut its full-year GAAP earnings outlook to $3.86-$4.06 a share after a Pool inventory realignment drove second-quarter sales down 17%.
P&G Growth Stalls to Flat as Margins and Profit Slide
Procter & Gamble's organic sales growth fell to 0% in its fiscal fourth quarter, erasing a third-quarter acceleration and dragging Core EPS down 3% to $1.43.