Industries — page 6
NioCorp Turned a Preliminary Profit on Noncash Liability Gains
NioCorp reported preliminary quarterly net income of $3.7 million, primarily reflecting noncash gains, while development work continued to consume cash.
M&T’s Net Interest Income Growth Stalled
M&T’s net interest margin fell 5 bps to 3.65% in the third quarter despite continued growth in average loans.
Ladder Capital Posts Second Consecutive Distributable Earnings Increase
The commercial real estate lender reported September-quarter distributable earnings of $0.35 a share after a credit-loss charge, while an office sale lifted accounting profit.
Ames National’s Margin Expansion Quickened
The Iowa banking group’s net interest margin reached 3.38% in the third quarter, extending a recovery supported by investment reinvestment and lower funding costs.
International Seaways to Buy Bruton in $370 Million Stock Deal
The tanker operator will fold Bruton’s four VLCCs, including newbuildings, into a fleet of about 70 vessels spanning crude and product.
Prudential Restates International Businesses as Japan Following Exit Plan
On the restated second-quarter basis, after-tax adjusted operating income was $1.320 billion, or $3.75 per diluted share, as PGIM pre-tax adjusted operating income reached $294 million.
Plug Power Cuts Cash Usage to a Record $28 Million
The hydrogen company said preliminary third-quarter net cash usage was about $28 million, down from about $61 million in the second quarter, with cash of about $134 million and no new equity or debt raised.
Prologis Same-Store Cash NOI Growth Cools to 5.9%
Core FFO was $1.60 a share as the logistics real estate company guided 2026 Core FFO to $6.25–$6.29 a share.
Kimberly-Clark Keeps 2026 Outlook After China Drag
Preliminary third-quarter organic sales growth was a 1.3% decline as the company held its full-year targets unchanged.
J.B. Hunt Profit Growth Collapses After a 32% Second-Quarter Jump
Third-quarter operating income rose 2% to $247.1 million as Dedicated Contract Services earnings fell 22% and intermodal profit growth slowed.
Interactive Brokers Raises Quarterly Dividend to $0.15
The automated global broker lifted the payout from $0.0875 a share after net revenues of $1.91 billion and diluted earnings of $0.69 a share.
First Horizon Posts Loss After Mortgage Sale Reclass
The Memphis regional booked a $473 million loss on about $4.5 billion of consumer mortgages moved to held-for-sale, producing a $0.20-a-share loss.
Alcoa Completes Alumar Restart and Advances AliGroup Deal
Alcoa posted $483 million of net income, or $1.81 a share, as aluminum production rose for a sixth straight quarter and alumina output recovered at Pinjarra.
Proofpoint to Buy Varonis in $6.3 Billion Cash Deal
The combined platform is meant to protect against AI-accelerated threats and data risks as Proofpoint, a Thoma Bravo portfolio company, takes the data-security firm private.
Gibraltar Industries to Sell D.S. Brown for $208 Million
The building-products maker said the asset purchase will fund debt reduction as it narrows the portfolio around residential, agtech and infrastructure.
Penske and Mitsui to Take PAG Private for $16.3 Billion
The take-private of the automotive retailer by Penske Corporation and Mitsui & Co. prices remaining shares at $212.00 in cash after a July proposal and a special-committee review.
Ocugen to License OCU400 to Roots Pharmaceutical
The gene-therapy company locked in MENA commercial rights to its retinitis pigmentosa program with a 22% royalty and $255 million in potential sales milestones.
Fortune Brands to Sell Fiberon Decking Assets
The home-products company said the Fiberon sale is part of active portfolio management to concentrate resources in its highest-return opportunities.
Daily Journal Completes All-Cash Purchase of Revir Technologies
The closed deal adds Scout, an AI platform for managing and searching digital evidence, to Daily Journal’s courts and justice technology stack.
Cronos Completes CanAdelaar Purchase for €57.5 Million
The cannabinoid company closed its all-cash acquisition of the Dutch Wietexperiment leader to build a European platform and a borderless product strategy.
GTCR Consortium to Buy CCC Intelligent Solutions for $6.1 Billion
The SaaS and AI insurance platform will be taken private at $7.75 a share, a 44% premium to the last close before sale speculation, as GTCR and Elliott plan to fund AI and product expansion.
Biohaven Licenses MoDE Degraders to Ono for Asia
The biopharmaceutical company will receive up to $100 million in near-term payments and about 20% royalties as Ono takes exclusive rights to BHV-1300-led IgG degraders in Japan, South Korea, Taiwan and ASEAN.
ASP Isotopes Unit Locks Joint Venture With Necsa
The pact binds Quantum Leap Energy and the South African nuclear research corporation to build and run a HALEU plant at Pelindaba.
Amplitude to Acquire Statsig in All-Stock Deal
The analytics platform is buying the experimentation company to fold feature-flag and A/B testing into its AI analytics stack.
Streaming and Media Economics: Subscription Gains, Ad Pressure
Companies described streaming subscription gains supported by pricing and subscriber growth, alongside increased competition for advertising revenue.
Software Sector: SailPoint Adds AI ARR, Renewal Cautions Persist
SailPoint expanded its recurring-revenue definitions, and software providers retained explicit limits on those metrics and warnings about cloud adoption.
GLP-1 companies reshape access and detail treatment dropouts
Companies described changes to medication access and emphasized treatment persistence through discontinuation data, support programs and maintenance-dosing studies.
Drug Pricing and PBM Scrutiny: Medicare Rulemaking Gains Detail
Companies added proposed Medicare rulemaking and voluntary Medicaid rebates to their pricing disclosures, alongside continuing warnings about revenue and reimbursement.
Airlines and Travel Demand: Wheels Up Bookings Turn Lower
Wheels Up's booking growth turned negative, airlines retained strong-demand language, and Sabre reported conflict-related pressure on air bookings.
Noncurrent loan ratio eases as bank capital measures diverge
A limited group of insured banks under $100B in assets recorded a lower quarterly noncurrent-loan ratio and balance-sheet growth as regulatory capital ratios edged down.
SM Energy Anticipates $207 Million Derivative Loss
The oil-and-gas producer said third-quarter realized oil averaged $85.76 a barrel before hedges, with gas at $2.48 a Mcf and NGLs at $29.40 a barrel.
Progressive's Third-Quarter Profit Turns Lower
Net income in the September quarter was $2.54 billion, down 3% from a year earlier, as the combined ratio slipped to 88.7.
Home BancShares Raises Dividend After Record Third-Quarter Profit
Net income hit a company record $129.5 million, or $0.65 a share, as the cash dividend rose to $0.23 a share.
BlackRock Adjusted Operating Margin Reaches 47.8 Percent
Annualized organic base fee growth was 11% in the third quarter, and as-adjusted diluted earnings were $15.93 a share.
Vir Biotechnology to License TCEs to Gilead for $135 Million
Gilead takes an exclusive development and commercialization license on three next-generation dual-masked T-cell engagers while Vir keeps its own oncology pipeline.
National Fuel to Spin Off Integrated Upstream and Gathering
The natural gas company's board approved a tax-free split that would leave two independent public companies with distinct growth strategies.
Liberty Global Sells Dutch Towers for €669 Million
EU Commission clearance of the VodafoneZiggo passive-tower sale is another step toward a mid-2027 Amsterdam listing of Ziggo Group.
Fermi to Lease 222 MW to TensorWave in $6.5 Billion Deal
A 15-year binding phase-one lease at Project Matador, with AMD credit support and two options to triple TensorWave's footprint.
Distribution Solutions Group to Buy GradeEight Holdings
The specialty distributor said the deal adds Winzer’s national franchisee network and FastServ Supply’s Texas and Arkansas storefronts to its MRO platform.
Mubadala Capital Completes $6.2 Billion Clear Channel Take-Private
The U.S. out-of-home advertiser closed after regulatory and stockholder approvals, with Wade Davis taking over as chief executive.
Eton to License Libervant Buccal Film for U.S. Launch
The exclusive U.S. license adds an orphan-designated seizure-rescue therapy and a neurology platform in a market Eton said exceeds $450 million annually.
UnitedHealth Raises 2026 Outlook After Profit Recovery
The healthcare company now expects full-year 2026 earnings of at least $19.50 a share and adjusted earnings of at least $20.50 a share.
Occidental's Oil Realizations Reverse After a 38% Jump
Worldwide realized crude fell to $85.91 a barrel in the third quarter as Gulf of America output was curtailed.
Northern Oil and Gas Lifts Third-Quarter Capital Spending
The non-operator booked $250.0 million to $253.0 million of third-quarter capital, up from $195.8 million in the second quarter, and said spending is expected toward the higher end of its 2026 range.
Johnson & Johnson Raises 2026 Sales Outlook After Talc Charge
The company lifted estimated reported sales to $101.2 billion at the midpoint and adjusted EPS to $11.10, while third-quarter GAAP earnings were $0.09 a share.
EQT Flags $100 Million Derivative Gain for Third Quarter
The natural gas producer said it expects $70 million of net cash settlements, including $68 million on NYMEX hedges, for the three months ended September 30, 2026.
Emerson Lifts Fiscal 2026 Sales Growth Outlook
Net sales reached $4.87 billion in the quarter ended June 30, 2026, and the company raised full-year sales growth to about 5%.
Domino's U.S. Same-Store Sales Rebound After a Weak Quarter
U.S. same-store sales rose 0.3% in the third quarter, reversing a 0.1% gain in the second quarter, as international comps turned positive and operating income rose 8.3%.
AZZ Raises Fiscal 2027 Outlook After Sales Growth Accelerates
Second-quarter sales reached a record $486.9 million, up 16.7% from a year earlier, and the company lifted full-year sales guidance to $1.825 billion to $1.875 billion.
Workday to Buy C1.ai as Identity Governance Layer
Workday said the deal will let it govern access for employees and AI agents from hire to offboard.