Industries — page 3
Broadcom Posts $29.6 Billion Revenue on 86% Growth
The chipmaker guided fourth-quarter sales to about $34.8 billion, implying 93% year-over-year growth.
Argan Revenue Growth Accelerates to 61.5% at $384 Million
The power and industrial construction firm posted record net income of $53.3 million, or $3.76 a share, in the quarter ended July 31, 2026.
Vertiv to Buy Utility Innovation Holdings for $1.45 Billion
The all-cash deal adds microgrid controls, onsite generation and storage orchestration, with up to $1.15 billion more tied to EBITDA targets.
Skyworks to Close Qorvo Combination Within Calendar Year
The analog and mixed-signal semiconductor maker said regulatory approvals are progressing and it is preparing to close as early as within the fiscal year.
Hope Bancorp to Close SMBC MANUBANK Unit Purchase
The regional lender said the all-cash asset purchase of the commercial banking unit is expected to close early in the fourth quarter of 2026.
G-III Apparel Group to Acquire Marc Jacobs Brand
The apparel licensing company said the deal targets $1 billion in long-term annual revenue and will accelerate its shift to owned brands.
Palo Alto Networks Revenue Grew 34% to $3.41 Billion
Next-Generation Security ARR reached $9.10 billion after a 63% year-over-year increase in the fiscal fourth quarter.
MiniMed U.S. Sales Growth Accelerates to 13%
The diabetes-technology company posted first-quarter net sales of $843 million and lifted full-year organic growth guidance to about 10.5%.
Medtronic Organic Growth Reaches 13.7% After Two Slower Quarters
The healthcare-technology company lifted fiscal 2027 organic growth guidance to 7.25% to 7.75% after first-quarter sales of $9.8 billion.
MongoDB Revenue Growth Accelerates To 30% At $771.8 Million
The database company posted $40.9 million of GAAP net income, or $0.50 a share, and raised full-year fiscal 2027 revenue guidance.
GitLab Revenue Growth Slowed to 21% at $286.3 Million
The DevSecOps platform guided third-quarter revenue to $281 million to $283 million, below the $286.3 million it reported for the quarter ended July 31.
Dell Lifts Full-Year Revenue Outlook to $192 Billion
The technology company posted record quarterly revenue of $47.0 billion and raised its fiscal 2027 AI-server outlook to $74.0 billion.
Credo Sequential Revenue Growth Slows to 9.6%
The connectivity maker guided second-quarter fiscal 2027 sales to $525 million to $535 million.
Albany International Raises Third-Quarter Adjusted Earnings Outlook to $1.50
The materials science maker lifted third-quarter adjusted EPS guidance to a range of $1.40 to $1.50 after reversing a CH-53K loss reserve.
LongRange Capital to Buy Pizza Hut Ex-China for $1.5 Billion
Yum! Brands said the sale completes a strategic review begun in late 2025 and leaves it a more focused company.
United Community Banks Completes $2.0 Billion Navitas Sale
The Southeastern lender closed the all-cash sale of its equipment finance unit to Wafra funds, sharpening its focus on relationship banking.
Public Storage to Buy PS Canada in $1.2 Billion Deal
The self-storage operator will take direct ownership of 68 Canadian properties, extending its platform beyond the U.S. and Shurgard Europe.
Limbach Holdings to Buy 1901 Inc. for $63 Million
The building systems firm said the all-cash deal will create its largest electrical operation and deepen Midwest scale.
Korn Ferry to Buy AMS in $1.1 Billion Cash-and-Stock Deal
The global consulting firm will fold AMS’s recruitment and early-careers franchises into a combined talent and organizational practice.
Keurig Dr Pepper to Sell Chobani Stake for $925 Million
The beverage company will use net proceeds to reduce debt as it positions Beverage Co. and Global Coffee Co. for long-term success.
Graco to Buy Valco Melton in $447 Million Cash Deal
The fluid-handling equipment maker said the purchase adds precision adhesive dispensing and vision-based quality-assurance systems to its Industrial division.
Enovis to Buy eCential Robotics in €155 Million Deal
The surgical enabling technology company will fold robotic automation into its ASTRA platform, with up to €35 million in milestone payments.
SOCAR to Buy Haynesville Interests From Comstock for $1.65 Billion
The Azerbaijan state oil company will take non-operated stakes in Comstock’s Legacy and Western Haynesville assets plus a slice of Pinnacle Gas Services, with a reversion that trims its Western interest after a 15% return.
NextEra Energy Resources to Buy Florida Energy Pathway
The renewable-energy developer will take a stake in a $1.2 billion south Florida gas pipeline that Chesapeake Utilities had planned to partner on.
American Healthcare REIT to Buy Kensington Senior Living for $572 Million
The healthcare REIT said the eight-community asset purchase extends its higher-acuity senior housing platform in affluent, supply-constrained U.S. markets.
Sonic Automotive's BEV Margin Drag Narrows as Hybrids Outpace EVs
Auto retailer, supplier and utility disclosures this window trace a widening gap between hybrid and battery-electric demand even as California's zero-emission car share kept climbing.
SAIC Lifts Fiscal 2027 Revenue Outlook to $7.3 Billion
The mission integrator posted $1.88 billion of second-quarter sales, up 6.3% from a year earlier, and raised full-year targets after a slower first quarter.
Trilogy Metals to Close $35.6 Million U.S. War Investment
The Alaska copper explorer said definitive agreements with the Department of War are signed and closing is expected in September 2026.
Tidewater Closes $500 Million Wilson Sons Ultratug Deal
The offshore vessel operator completed its all-cash purchase of 22 platform supply vessels, adding Brazilian-built tonnage to a pro forma fleet of 213 OSVs.
SLB to Buy Kelvion in $3.4 Billion Cash Deal
The energy-services company said the purchase adds thermal-management technology to its Data Center Solutions business.
Construction Partners to Buy Asphalt Express in Asset Deal
The vertically integrated civil infrastructure company said the purchase adds liquid asphalt supply and transportation in Oklahoma and North Texas.
ONEOK to Buy Brazos Permian Assets for $4.425 Billion
The midstream company said the Midland Basin gathering and processing platform advances its wellhead-to-water strategy and adds long-term contracted volume.
Lion Equity Partners to Buy Myers Tire Supply North America for $30 Million
Myers Industries will sell the tire-supply unit to complete a Focused Transformation toward engineered resin and composite products.
Helix to Combine With Hornbeck in All-Stock Deal
Hornbeck shareholders will own about 55% of the combined offshore-services company, which the parties said will span deepwater energy, defense and renewables.
Americold to Form $1.3 Billion Cold Storage Joint Venture With EQT
The temperature-controlled logistics REIT will contribute 12 U.S. warehouses and retain a 30% stake as EQT’s fund takes 70%.
ARRAY Technologies to Buy Affordable Wire Management for $203 Million
The solar tracking maker said the wire-management purchase is expected to be high single-digit accretive to adjusted earnings in year one before synergies.
Aon to Buy USI in $17.0 Billion Deal
The global risk adviser said the combination will establish the premier U.S. middle-market platform after its 2024 NFP acquisition.
Baxter Recalls Duo-Vent Solution Sets
Baxter Healthcare Corporation issued a Class I recall of Duo-Vent Solution Sets after customer reports of air bubbles in the drip chamber and tubing.
Walmart and TJX Buy Back More Stock
Retail giants kept buying shares while software and home-goods firms paused or stopped repurchases.
Marvell Posts Record $2.74 Billion Revenue
The data-infrastructure chipmaker guided third-quarter fiscal 2027 net revenue to $3.150 billion, plus or minus 5%.
Hormel Raises Adjusted Earnings Outlook to $1.45-$1.51
The branded food company posted $2.96 billion of third-quarter net sales as organic sales reversed from growth to a 2% decline.
Gap Comparable Sales Turn Down 1% After Ninth Straight Gain
The apparel company posted $3.7 billion of second-quarter net sales and raised its adjusted full-year earnings outlook to about $2.35 to $2.45 a share.
Dollar General Lifts Full-Year EPS Outlook to $8.00
The neighborhood general store posted $2.48 a share in the 13 weeks ended July 31, 2026, and raised its fiscal 2026 earnings range.
Best Buy Lifts Comparable Sales Outlook to 3.0%
The electronics retailer posted 4.1% enterprise comparable sales growth in the 13 weeks ended Aug. 1 and raised full-year adjusted diluted EPS guidance to $6.70 to $6.90.
Affirm RLTC Growth Accelerates to 41% Year Over Year
Revenue less transaction costs reached $498 million in the third fiscal quarter as GMV growth cooled to 35%.
Velocity Financial to Buy Toorak Capital for $3.2 Billion
The all-cash acquisition is expected to add a capital-light, fee-based origination business to Velocity’s platform.
First Financial to Buy First Illinois in $111.3 Million Deal
The Cincinnati bank holding company will add Hickory Point Bank’s community banking presence in Decatur, Springfield and Champaign.
Nabors to Invest $35 Million in Quaise Energy
The drilling contractor said the stake advances its plan to put automation and well-construction capabilities into adjacent energy markets.
Malibu Boats to Buy Saxdor Yachts in $203.9 Million Deal
The recreational powerboat maker said the mixed-structure purchase of the Finnish adventure-dayboat builder fills a premium whitespace in its portfolio.
Synopsys Lifts Full-Year Revenue Outlook to $9.715 Billion
The chip-design software maker posted third-quarter revenue of $2.477 billion and non-GAAP earnings of $3.91 a share, above the high end of its prior range.