Industries — page 30
AZZ Lifts Full-Year Outlook After First-Quarter Sales Accelerate
The metal coatings and coil-coating company raised its fiscal 2027 sales guidance to as much as $1.85 billion after first-quarter revenue climbed 6.3%.
Belden Completes $1.8 Billion Purchase of Vistance’s Ruckus Unit
The all-cash asset sale lets Vistance sharpen focus on its Aurora Networks business and return proceeds to shareholders.
Enerpac Tool Group to Buy SFE Group in $472 Million Cash Deal
The acquisition aims to advance Enerpac's pure-play industrial tools strategy by expanding its presence in high-margin tool categories.
Hardware Cost Pressures Return Across Tech Suppliers
NetApp, Gsi Technology and Ciena are again confronting tighter supply and higher component costs as AI-driven demand strains semiconductor and electro-optical markets.
Systemic Banks Split on Credit Provisions Amid Sector Stress
Divergent asset quality trends emerge as Korean and European lenders hike provisions while North American peers see declines.
The Cost Absorption Problem Hitting Oilfield Margins
Across oilfield equipment and services, revenue is holding up far better than earnings, as customers cut activity while costs refuse to fall at the same pace.
Keel Infrastructure Swings to Deep Loss as Redomiciliation Costs Mount
The HPC infrastructure developer posted a $127.6 million net loss in the first quarter, more than tripling from a year earlier, as it absorbed restructuring charges tied to its U.S. redomiciliation and Latin American exit.
Kyndryl Adjusted Pretax Income Rises 21% Amid Flat Revenues
The infrastructure services provider reported fiscal year 2026 adjusted pretax income of $581 million.
CoreCivic sells prisons, lifts profit outlook
The operator raised its 2026 adjusted EBITDA forecast to as much as $461.8 million after asset sales.
AbbVie Lowers Annual Profit Guidance Amid Billion-Dollar Acquisition
The biopharmaceutical company reduced its full-year adjusted diluted EPS range to $13.91 - $14.11 following a $10.9 billion deal for Apogee Therapeutics.
Unum to Buy Fortitude Reinsurance Block in $3.8 Billion Asset Deal
The transaction advances Unum’s strategy to reduce exposure to its legacy long-term care business while sharpening focus on its employee benefits franchise.
Solstice Advanced Materials to Buy Element Solutions in $14.5 Billion Mixed Deal
The acquisition deepens Solstice's exposure to semiconductor fabrication, AI infrastructure and data-center cooling as demand for advanced materials accelerates.
Solaris Energy to Buy Global Energy Services in $55 Million Mixed Deal
The acquisition expands Solaris’s end-to-end power capabilities from plant installation through life-of-asset maintenance.
Clarivate to Sell Life Sciences Unit in $600 Million Asset Deal
The divestiture sharpens Clarivate’s focus on AI-driven intelligence for academia and intellectual property, the company said.
Retailers reap windfalls from card fee settlements
Dillard’s, Dick’s Sporting Goods and Macy’s booked hundreds of millions in one-time gains from interchange litigation, lifting earnings and cash flow.
FERC, Texas and Florida Regulators Set New Utility ROEs
Recent authorizations include a 9.98% base ROE for MISO transmission owners and a 7.76% return for Water Oak.
Florida, Texas and FERC Issue New Utility ROE Determinations
Recent regulatory orders establish new return on equity benchmarks for utilities across Florida, Texas, and FERC jurisdictions.
FERC Sets New ROE Determinations for SPP and Bangor Hydro
Recent FERC orders establish authorized returns on equity ranging from 9.57% to 11.06% across multiple jurisdictions.
Chinese Systemic Banks Lead Surge in Credit Impairment Losses
Major lenders in China and Europe report rising provisions amid shifting portfolio risks and regulatory requirements.
Buybacks Now Ride on Balance-Sheet Room, Not Cash
A widening slice of corporate repurchase programs are being sustained less by surplus recurring cash than by leverage capacity, working-capital timing, or customer float, meaning the same market that grants that room can just as easily take it away.
U.S. Community Bank Deposits Stabilize as Capital Buffers Grow
Regional and community banks saw total assets climb to $3.7 trillion in the first quarter of 2026 amid a broad recovery in deposit flows.
Tesla vehicle deliveries rise 34% on Model 3/Y growth
The electric vehicle maker delivered 480,126 vehicles in the second quarter of 2026.
S&P Global Spins Off Mobility Unit in $3.1 Billion Deal
The data provider completed the separation of its Mobility division into a standalone company with $1.75 billion in annual revenue.
Rivian's Software Revenue Surges 49% as Auto Gross Profit Swings to Loss
The EV maker's consolidated revenue grew 11% to $1.38 billion, but automotive margins buckled under a $100 million drop in regulatory credit sales.
Gold Resource Shareholders Approve Goldgroup Merger
Gold Resource (GORO) shareholders cleared the company's merger with Goldgroup Mining, setting up a close on or about July 17, 2026, after quarterly results swung from a going-concern warning to a $4.7 million profit within two quarters.
Alliance Resource Partners to Buy AllDale Minerals Interests in $206 Million Mixed Deal
The acquisition nearly doubles ARLP's net royalty acreage in the Permian Basin and adds a foothold in the Haynesville shale.
Reinsurer trims assets as in-force book holds steady
Reinsurance Group of America’s total assets fell to $156.6 billion at year-end 2025.
O'Reilly Automotive Posts Reaccelerating Growth, Raises EPS Outlook
O'Reilly Automotive's comparable store sales jumped to 8.1% in the first quarter, up from 5.6% the prior period, as the auto-parts retailer lifted its full-year profit guidance.
General Mills posts profit rebound as margins recover
The packaged-foods company swung to a 27% jump in adjusted earnings after four quarters of declines.
Flutter Cuts Full-Year Guidance as Profit Margins Compress
Flutter Entertainment's first-quarter revenue rose 17% to $4,304 million, but net income fell 38% and the company lowered its 2026 outlook.
Dynatrace Targets Rule of 50 by 2029 as ARR Tops $2 Billion
The observability-software maker crossed $2 billion in annual recurring revenue in its fiscal fourth quarter, closing a year in which it raised guidance three times.
Columbia Banking System NIM Compresses as Asset Balances Dip
Net interest margin fell 10 bps to 3.96% in the first quarter as the bank navigated lower interest-earning asset balances.
Apogee buys daylighting maker for $115 million
The architectural-products supplier disclosed the Kalwall Companies deal in its fiscal first-quarter report.
Consortium Led by Robert Ortenzio to Buy Select Medical in $3.9 Billion Deal
The all-cash take-private transaction is led by the company's executive chairman and private equity firm Welsh, Carson, Anderson & Stowe.
QXO Completes $17 Billion TopBuild Acquisition in Mixed Deal
The transaction expands QXO’s scale across the building products value chain and advances its goal of $50 billion in revenue by 2030.
Kimball Electronics to Buy Helvoet Polymer in €90 Million Asset Deal
The all-cash asset purchase gives Kimball Electronics a specialized medical CDMO with microfluidics and drug-delivery capabilities, extending its European footprint and opening a path into India.
Tessenderlo to Buy 20% Stake in FMC for $400 Million
The Belgian industrial group’s minority investment enables FMC to hit its $1 billion debt-reduction target while preserving independence.
Eversource Closes $2.4 Billion Sale of Aquarion Water Company
The divestiture sharpens Eversource's focus as a pure-play regulated electric and gas utility while strengthening its balance sheet.
Constellation Brands Lifts Outlook as Beer Margins Stabilize and Earnings Rebound
The beer-and-spirits maker posted comparable earnings of $3.43 a share, reversing two consecutive quarters of declines.
Progress Software Lifts Guidance as AI Products Drive Revenue Beat
The application-development software maker posted $253 million in quarterly revenue, topping its own forecast by as much as $13 million on AI-driven demand.
PPL raises first-quarter earnings on Kentucky rate hikes
The utility provider reported first-quarter earnings from ongoing operations of $478 million, an 8% increase over the prior year.
Nike Net Income Jumps 407% on Tariff Recovery Benefit
The sportswear company reported fourth-quarter net income of $1.1 billion, bolstered by a nearly $1 billion tax-related gain.
Labcorp lifts profit margins as biopharma demand climbs
The diagnostics company raised its full-year adjusted earnings guidance to as much as $18.35 a share.
Brinks posts profit growth as margins expand
The cash-logistics provider reported adjusted earnings of $1.80 a share for the quarter.
Air Products Posts $2.2 Billion Charge on Project Exits
The industrial-gas supplier disclosed pre-tax charges of up to $2.9 billion tied to exiting its Louisiana Clean Energy Complex.
Z Squared to Acquire Majority Stake in Paradox Data
The acquisition is intended to scale Z Squared's AI infrastructure platform through enhanced technical expertise in utility-scale power strategy.
Talos Energy to Acquire Shell Deepwater Gulf Assets in $850 Million Deal
The bolt-on purchase adds low-cost, oil-weighted production and infrastructure-led exploration opportunities to Talos's Gulf of America portfolio.
Pacira BioSciences to Acquire iovera° in Up to $140 Million Asset-Purchase Deal
The acquisition of the non-opioid pain-management device advances Pacira's pivot toward a broader biopharmaceutical platform under its 5x30 strategy.
The Brink’s Company to Buy NCR Atleos in $6.6 Billion Deal
The acquisition combines global cash management expertise with a massive ATM network to expand Brink's presence in managed services and digital retail solutions.
Janus Henderson to Buy Itself in $52 a Share All-Cash Deal
The asset manager completed its take-private transaction with Trian and General Catalyst, citing transformative opportunities as a private company.