Industries — page 4
Flexsteel Extends Sales Growth Streak as Homestyles Exit
First-quarter sales reached $114.0 million, up 3.2%, while GAAP operating income fell to $6.9 million, or 6.0% of sales.
Citizens Community Restores Profit After Credit-Loss Spike
Net interest income rose $1.0 million to $14.5 million as the margin widened 15 bps and the provision collapsed to $0.13 million.
C&F Financial's Net Interest Margin Widens to 4.53%
The Virginia community-bank holding company reported $8.3 million of third-quarter net income, or $2.55 a share, as the FTE margin expanded 12 bps from the second quarter.
Blue Ridge Pre-Provision Income Rises After Hydroponic Charge-Off
Adjusted pre-tax earnings were $5.3 million in the third quarter as net interest income reached $17.4 million and net interest margin widened 17 bps.
Bank of Hawaii Extends Net Interest Margin Expansion
The margin reached 2.82% in the third quarter as net interest income rose 1.6% to $156.1 million and the board later added $200 million of buyback authority.
Avidbank's Temporary Deposit Lifts Net Interest Income
Net interest income rose to $28.7 million as a $270 million client deposit lifted cash, while the net interest margin compressed 19 bps to 4.07%.
Acumen Narrows Sabirnetug Phase 2 Readout to November
Cash, cash equivalents and marketable securities stood at $78.6 million as of September 30, 2026, down from $110.2 million at June 30.
Worthington Steel Signs Kloeckner Domination Pact
The metals processor signed a German DPLTA that would give it full legal control of Kloeckner after a June takeover offer.
Unusual Machines Completes Upgrade Energy Acquisition
The drone-parts maker said the completed deal adds battery and power systems and plans battery-pack operations at a second Orlando production facility.
UFP Industries to Buy Acme Skid Assets for $27 Million
The asset purchase expands UFP Packaging's pallet manufacturing and Gulf Coast customer coverage.
Tradeweb to Buy Trumid Holdings in $1.97 Billion Mixed Deal
The electronic trading platform said the credit suite will extend its multi-asset stack from trade inception into the secondary market.
TTM Technologies to Buy Ophir Optics in $650 Million Cash Deal
The electronics manufacturer said the all-cash purchase of mission-critical optics for land, air, maritime and unmanned platforms is a step in its long-term growth strategy.
Soluna to Form Joint Venture With Applied Digital
Following closing, Applied Digital is expected to hold 51% of a jointly owned company to develop a 50 MW critical IT data center at Project Dorothy 3 near Silverton, Texas, expected to draw power from Briscoe Wind and the grid, subject to definitive documentation.
Construction Partners Completes Acquisition of S.E. Cline Construction
The Florida asphalt-paving platform adds site development and underground utility work along Interstate 95.
RadNet to Buy ONRAD in Mixed Cash-and-Stock Deal
The imaging operator said combining outpatient imaging, DeepHealth AI tools and ONRAD’s radiology professional services would put the full diagnostic stack in one company.
Red Cat Proposes EUR 39 Cash Offer for Steyr Motors
The drone maker said the cash bid would pair Steyr’s marine engines with Blue Ops uncrewed surface vessels.
CNP Assurances Group to Buy Prudential's Brazil and Mexico Units
The planned purchase of Prudential of Brazil and Prudential of Mexico advances the insurer's exit from emerging markets and a shift of capital toward businesses and markets where Prudential sees the greatest opportunity for long-term growth.
Ovintiv to Buy Logan Energy in $890 Million Cash Deal
The all-cash bolt-on is expected to be immediately and long-term accretive and to generate about $60 million of annual cost synergies.
Northpointe Plans Sale of Mortgage Origination Channels to CMG
Northpointe Bancshares said it plans to sell distributed retail and consumer direct mortgage origination channels to CMG Financial under a non-binding letter of intent, with a proposed close by year-end 2026.
Labcorp to Buy Myriad Prenatal Health Unit for $210 Million in Cash Plus Inventory Value at Closing
The sale is expected to close by early 2027 and is framed by Myriad as accretive to growth and profitability.
TTM Technologies to Buy Ophir Optics in $650 Million Cash Deal
MKS said the transaction represents an opportunity to capitalize on value created in the optics unit and further strengthen its balance sheet.
Centrus Energy Acquires Westerman Holdings in $116 Million Deal
The uranium enrichment company said the mixed-structure purchase secures a centrifuge component supplier and opens adjacent non-nuclear manufacturing work.
Kimberly-Clark to Complete Kenvue Acquisition in Fourth Quarter
Kimberly-Clark offered to exchange any and all Kenvue notes for up to $7 billion of new Kimberly-Clark notes plus cash, with indenture amendments set to take effect upon settlement of those offers.
GigCapital9 Signs LOI for Carbon-Capture Combination
The blank-check firm said the proposed combination would take a post-combustion carbon-capture technology company public to support firm power for AI-driven demand.
Deep Fission Signs 25-Year Kansas Power Purchase
A master energy purchase agreement converts a 2025 letter of intent into a binding contract for a commercial plant at the DOE pilot site, with an initial 150 MW phase aimed at September 2028.
EQT to Buy Range Resources in All-Stock Deal
The all-stock merger is expected to create America’s only vertically integrated natural gas producer with more than 30 years of inventory.
Dorchester Minerals to Buy Williston Royalty Acres in Stock Deal
The E&P partnership agreed to a non-taxable contribution and exchange for about 4,300 net royalty acres across three North Dakota counties.
Dream Finders Homes Completes Beazer Homes Take-Private
The homebuilder converted Beazer shares into $33.50 a share in cash and took the company private.
Dime Commercial Bancshares to Buy ES Bancshares for $58 Million
The mixed cash-and-stock combination is meant to deepen Dime’s Staten Island and Brooklyn franchise with a granular, low-cost core deposit base.
Salesforce to Buy Braze in All-Cash Deal
Salesforce said Braze’s real-time engagement and AI decisioning tools are expected to complement Salesforce’s four architecture layers — Data 360, Customer 360, Agentforce and SIForce — following the close and sharpen Marketing Cloud personalization.
CRH Completes $8.5 Billion Arcosa Deal
The building-materials group closed the $150-a-share cash merger, converting Arcosa into a wholly owned subsidiary and lifting combined U.S. aggregates production past 265 million tons.
Cencora to Buy American Oncology Network for $2.4 Billion
The mixed-structure purchase is meant to expand Cencora’s physician-led oncology MSO and support of care in communities across the country.
Cardinal Infrastructure to Buy Hughes Brothers for $357.5 Million
The mixed cash-and-stock deal is expected to close in the fourth quarter of 2026 and is framed as a step into Central Florida.
CBRE to Buy Onnec Group for Initial $610 Million in Cash
The all-cash purchase is framed as a step toward a global infrastructure services business that would sit alongside CBRE’s real estate franchise.
CopperPoint Completes $84.3 Million Cash Purchase of General Indemnity
Boston Omaha sold its surety unit after a decade of expansion, holding the cash for later deployment.
Applied Materials to Lift Besi Stake to About 20 Percent
The semiconductor equipment maker is deepening a hybrid-bonding partnership as AI-driven scaling pushes next-generation interconnects.
Abbott Plans Spin of Nutrition Unit With $8.5 Billion in Annual Sales
The healthcare company said the planned distribution would leave Abbott with a higher-growth, innovation-driven mix of medical devices, diagnostics and established medicines.
Texas Instruments Posts Faster Third-Quarter Revenue Growth
Third-quarter revenue reached $6.06 billion, up 28% from a year earlier, and the company set a fourth-quarter range of $5.80 billion to $6.30 billion.
Meta Reports 26% Third-Quarter Revenue Growth
Meta reported $9.86 billion in net income as advertising revenue reached $63.06 billion; a $9.89 billion settlement charge reduced operating margin to 20%.
Lam Research Posts Record September Revenue
Systems sales reached $5.73 billion as the company guided December-quarter revenue to $8.60 billion, plus or minus $400 million.
CSX Operating Margin Reaches 39.1% on Record Revenue
Third-quarter revenue hit a record $4.02 billion as fuel surcharge income doubled and merchandise, intermodal and coal volumes and prices rose.
Zymeworks Partners ZW209 With Roche for $55 Million Upfront
The collaboration pairs Zymeworks’ multispecific antibody work with Roche’s cancer-medicine capabilities and adds up to $718 million in later milestones.
MarketAxess Withdraws 2026 Guidance After ICE Deal
Third-quarter revenue was $210.4 million, up 1% from a year earlier, as merger costs with Intercontinental Exchange cut GAAP earnings to $1.53 a share.
LKQ Withdraws 2026 Guidance After Europe Miss
The auto-parts distributor expects a third-quarter net loss of $16 million to $32 million and Europe EBITDA margin of 4.1% to 5.1%.
Gorman-Rupp Sales Growth Accelerates After a Slower Second Quarter
Third-quarter net sales reached a record $193.3 million, up 11.8% from a year earlier, and earnings were $0.86 a share.
First Hawaiian CRE Charge-Off Lifts Provision
The Hawaii bank booked a $20.3 million credit-loss provision, including a $12.5 million partial charge-off on a single commercial real estate loan, as net interest income reached $174.1 million.
Balchem Sets Consolidated Records, Grows All Segments
Net sales reached $290.7 million in the third quarter, with Animal Nutrition and Health operating earnings up 82.8% from a year earlier.
Booz Allen Raises Fiscal 2027 Adjusted EPS Outlook
The company lifted its adjusted diluted earnings range to $6.50–$6.70 after a quarter in which adjusted diluted EPS rose 18.1% to $1.76.
Nordson Completes Contrinex Sensor Acquisition
The precision-technology company said the sensor maker’s harsh-environment and miniature positioning technology fits its test-and-inspection portfolio and factory-automation focus.