Mid-Caps — page 6
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.
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.
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%.
Oshkosh Cuts Profit Outlook as Fire Truck Snags Persist
Oshkosh trimmed its 2026 adjusted profit forecast to roughly $11.00 a share after fire truck manufacturing throughput improved more slowly than expected, even as quarterly sales climbed 6.7%.
Landstar's Freight Rates Surge as Volumes Finally Turn
Landstar System (LSTR) posted 18.2% revenue growth in the second quarter, its sharpest acceleration in more than a year, as truck rates jumped 17% and its independent contractor fleet grew at the fastest pace since 2022.
BXP Raises FFO Guidance as Occupancy Climbs Despite Impairment Hit
BXP posted second-quarter funds from operations of $1.78 a diluted share, beating its guidance midpoint by 8 cents even as an $18 million impairment charge pushed net income down to $68.6 million.
Avantor raises full-year guidance as revenue decline narrows
The company reported net sales of $1,692.3 million for the second quarter.
Ares Capital's Earnings Slip as Non-Accrual Loans Climb
Ares Capital reported GAAP earnings of $0.24 a share for the second quarter, less than half the $0.52 a share it posted a year earlier, as unrealized losses widened and problem loans crept higher.
Middle East Disruptions Hit Supply Chains
Conflict tied to Iran, Israel and the United States is pushing from energy and petrochemicals into oilfield services and food shipping routes.
Ovintiv Raises Payout Target as Debt Falls After Anadarko Sale
Ovintiv (OVV) cut its net debt to $2.995 billion in the quarter, less than half the year-end 2025 level, after closing its $2.82 billion Anadarko divestiture.
Modine Posts Fourth Straight Record Quarter, Lifts FY2027 Outlook
Modine Manufacturing's adjusted EBITDA climbed 40% to a record $146.1 million as its data-center cooling business kept reshaping the company ahead of a planned spin-off.
Equity Lifestyle Raises Guidance as Pricing Offsets Occupancy Slip
Equity Lifestyle Properties posted normalized funds from operations of $0.74 a share in the second quarter, up 7.7% from a year earlier and above the midpoint of its prior guidance range.
Booz Allen EPS Rises 22% as Book-to-Bill Ratio Improves
The consulting firm reported adjusted diluted earnings per share of $1.81 for the first quarter of fiscal 2027.
Old National's Margin Pressure Eases as Loan Growth Reaccelerates
Old National Bancorp (ONB) held net interest margin nearly flat at 3.54% in the second quarter while period-end loans grew 8.3% annualized to $50.8 billion.
First Citizens' Margin Stabilizes as Reserve Release Lifts ROA to 1.15%
First Citizens Bancshares (FCNCA) posted its first sequential net interest income gain in three quarters, with net interest margin edging up 1bp to 3.10% after back-to-back quarters of compression.
FirstCash Profit Jumps 58% as Pawn Margins Hit Record
FirstCash Holdings posted second-quarter diluted earnings of $2.12 a share, up 58% from a year earlier, as pawn receivables climbed 63% and U.S. margins reached a record 26%.
Charter Launches $3.5 Billion Notes Exchange, Adds Cox Disclosure
Charter Communications offered to swap up to $3.5 billion of legacy CCO and TWC notes for new secured debt, a filing that also folded in audited financials for Cox Communications.
American Airlines Posts Record Revenue, Profit Squeezed by Fuel
American Airlines Group swung back to a $71 million profit on record second-quarter revenue of $16.7 billion, even as fuel costs erased half of the airline's fare gains.
Akzo Nobel to Buy Axalta Coating Systems in All-Stock Deal
The companies refined governance arrangements following shareholder dialogue to create a premier global coatings entity.
A Consent Order Lands on a Regional Lender's BSA Program
The order caps asset growth until remediation is certified — a constraint that binds strategy, not just compliance.
Passive Ownership Shifts in Index Holdings
Recent data shows significant changes in the share of reported holdings held by passive funds.
RenaissanceRe Profit Rebounds on Book Value Surge, Premiums Shrink
RenaissanceRe's net income jumped to $654.2 million from $284.5 million a quarter earlier, even as gross premiums written fell 12.5% and its casualty book turned unprofitable.
Repligen to Buy BioLife Solutions for $1.5 Billion as Growth Cools
Repligen paired preliminary second-quarter revenue growth of about 12%, decelerating for a second straight quarter, with a definitive agreement to acquire BioLife Solutions for roughly $1.5 billion.
Globe Life Growth Cools Across Divisions Even as Profit Rises
Globe Life posted a 20% jump in diluted earnings per share to $3.65, but slowing health sales and a thinner underwriting margin at its largest division signaled the deceleration beneath the headline number.
Repligen to Buy BioLife Solutions in $1.5 Billion Mixed Deal
The acquisition would expand Repligen’s cell-therapy offering with a high-margin consumables business built on recurring revenue.
SEC Presses Insurers and GM to Strip Non-GAAP Cushioning
Staff comment letters in June pushed Prudential to abandon a flagship adjusted-earnings metric and forced General Motors to simplify segment math, part of a broader crackdown on non-GAAP presentation.
Valmont Raises Outlook as Infrastructure Growth Accelerates
Second-quarter net sales reached $1.119 billion, up 6.5% from a year earlier.
Synchrony Profit Falls 8% as Credit Quality Improves, Growth Returns
Synchrony Financial reported second-quarter net earnings of $885 million, down 8% from a year earlier, even as purchase volume hit an all-time high of $49.8 billion.
KeyCorp Lifts Interest Income as Margin Gains Slow
Taxable-equivalent net interest income rose 2.3% sequentially to $1.258 billion.
Hasbro Raises Full-Year Outlook as Digital Gaming Gains Accelerate
The toy and game maker raised its full-year revenue guidance to a range of 5% to 7% in constant currency.