Sunrun posílil o 27 % po oznámení partnerství s Teslou a Renew Home, které má dodat více než 16 gigawattů flexibilní energetické kapacity. Síť má využít domácí baterie a chytré termostaty.
Sunrun shares RUN surged 27% in early trading on Wednesday after the residential solar company unveiled a partnership with Tesla and home-energy management platform Renew Home.
The partnership aims to supply electricity capacity to data centers and utilities grappling with soaring demand from artificial intelligence.
The three companies said they would work together to deliver more than 16 gigawatts of flexible energy capacity by creating what they described as the largest distributed power plant in the United States.
The network will draw power from Sunrun and Tesla home battery systems and use more than 8 million smart thermostats and connected devices managed by Renew Home to shift electricity demand and dispatch power during periods of peak grid stress.
The agreement comes as the rapid expansion of artificial intelligence infrastructure places increasing pressure on US electricity networks.
According to Goldman Sachs Commodities Research, data center power demand in the United States is expected to reach 41 gigawatts in 2026 and climb to 66 gigawatts in 2027.
The bank estimates total US data center capacity could approach 95 gigawatts by the end of next year.
The companies said their approach could help support hyperscale data centers without requiring costly investments in new power infrastructure.
"The grid of the 1800s cannot power the innovation of 2026," Sunrun Chief Executive Mary Powell said.
"Americans deserve innovation that does not create unnecessary energy costs. When data centers are asked to throttle down operations during the most expensive and stressful hours of the day, we can activate our distributed power plants to help provide them the power they need while also protecting American families from footing the bill for costly new infrastructure."
The partnership already has more than 300 megawatts of capacity available for deployment in Virginia, one of the world's largest data center markets.
The companies expect that figure to exceed 500 megawatts by 2030 as installations of home batteries and smart devices accelerate.
The alliance also highlights growing interest in using distributed energy resources to manage rising electricity demand.
Analysis by economic consultancy Brattle Group suggests that better utilization of existing grid infrastructure could lower electricity bills by between $110 billion and $170 billion over the next decade.
Wednesday's rally put Sunrun on course to erase much of its decline for the year.
The stock had fallen about 30% through Tuesday's close after the company issued cautious guidance.
The stock was recently trading around $16.24.
Last month, UBS lowered its price target on Sunrun to $20 from $23 while maintaining a Buy rating.
The brokerage reduced its forecasts for solar capacity deployment and now expects Sunrun to deploy 891 megawatts in 2026, down from its previous estimate of 935 megawatts.
Despite trimming projections, UBS maintained its positive stance on the stock, noting that Sunrun and the residential solar sector continue to represent a relatively high-risk, high-reward investment opportunity.
Coherent má rekordní backlog díky prudkému růstu objednávek; zákaznické kontrakty sahají až do roku 2028 a dlouhodobé dohody prodlužují viditelnost výnosů do roku 2030. NVIDIA navíc investovala 2 miliardy USD, čímž Coherent zvedla hotovost na 3 miliardy USD.
Key Takeaways Coherent's order book surge pushed backlog to record levels and drove $290M CapEx.Customer orders stretch into 2028, while long-term agreements extend revenue visibility to 2030.NVIDIA's $2B investment lifted COHR's cash balance to $3B in Q3. Coherent Corp. (COHR - Free Report) is witnessing a step function increase in its order book rather than the usual increment in cyclical hardware orders. This drastic upsurge in demand pushed Coherent’s backlog into record levels, compelling the company to spend $290 million in CapEx, more than doubling growth from the year-ago quarter.
Image Source: Zacks Investment Research
This lofty asset-heavy expansion is de-risked by customer orders stretching into 2028 and Long-Term Agreements extending to 2030. A heightened revenue visibility guards Coherent from short-term demand contraction that creates a menace within the hardware manufacturing sector.
Coherent’s tactical approach to raise customers’ vested interest effectively lowered the risks associated with aggressive capacity expansion. The company guided customers toward entering agreements that mandate multi-year demand commitments and capital investments, insulating supply.
NVIDIA’s $2-billion equity investment provided an extra padding to Coherent’s cash balance, raising it to $3 billion in the third quarter of fiscal 2026 from $1.5 billion in the previous quarter. This strategic partnership stands as a witness to testify to COHR’s tech as the bottleneck for AI infrastructure in the long run.
Coherent jumped on this operational momentum to deleverage its balance sheet. The company took the major step of wiping out $162 million in debt payments in a single quarter, which reduced its leverage ratio to 0.5X in the third quarter of fiscal 2026 from the previous quarter’s 1.7X. The company’s elite financial profile is dependent on its ability to maximize cash cushions and cut down fixed interest burden.
The combination of long-term commitments stretching into 2030, robust liquidity and a deleveraged balance sheet provides Coherent the bedrock to transform its cyclical hardware business into a predictable revenue-generating machinery. Coherent’s commercial predictability paves the path to future growth while maintaining the strength to sail through macroeconomic setbacks.
COHR’s Price Performance, Valuation & EstimatesCoherent’s stock has rallied a whopping 427.6% in a year, beating the industry’s 10.2% growth. COHR surpassed its competitors, IPG Photonics (IPGP - Free Report) and Novanta (NOVT - Free Report) , which have gained 75% and 26.8%, respectively, in the same period.
1-Year Share Price Performance Image Source: Zacks Investment Research
From a valuation perspective, Coherent trades at a 12-month forward price-to-earnings ratio of 51.83, cheaper than IPG Photonics’ 59.14, while being more expensive than Novanta’s 40.51.
P/E F12M Image Source: Zacks Investment Research
Coherent has a Value Score of D. IPG Photonics and Novanta both carrya Value Score of F.
The Zacks Consensus Estimate for COHR’s earnings for 2026 and 2027 has increased 1.5% and 11.9%, respectively, over the past 60 days.
COHR currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Analog Devices ve 2. fiskálním čtvrtletí 2026 zvýšil hrubou marži na 73 % z 69,4 % a provozní marži na 49 %. Tahounem byl průmyslový segment, který tvořil 50 % tržeb a meziročně vzrostl o 56 %.
Key Takeaways ADI's Q2 fiscal 2026 gross margin rose to 73% from 69.4%, while operating margin reached 49%.ADI's Industrial segment, 50% of revenue, grew 56% year over year and 20% sequentially.ADI's Data Center revenues jumped more than 90%, driven by demand for AI infrastructure solutions. Analog Devices’ (ADI - Free Report) margins have been improving for the past several quarters. In the second quarter of fiscal 2026, ADI posted a gross margin of 73%, up from 69.4% in the year-ago quarter. ADI’s adjusted operating margin was 49% in the second quarter of fiscal 2026 compared with 41.2% in the previous year quarter.
The pattern has remained similar for the past six months, suggesting Analog Devices’ strong, profitable business model across segments. ADI has been riding on a combination of a favorable business mix, higher factory utilization, pricing strength and disciplined operational execution.
The company’s growth is accelerating, driven by ADI's highest-value markets, including Industrial, Aerospace & Defense, Automated Test Equipment (ATE), Electronic Test & Measurement (ETM), Data Center, and advanced Automotive applications. These businesses typically command premium pricing due to their performance requirements, long product lifecycles and mission-critical nature.
Industrial remains ADI's most profitable business and was the primary growth engine during the quarter. It accounted for 50% of revenues. Industrial grew 56% year over year and 20% sequentially. Management highlighted Aerospace & Defense, ATE, ETM, and the broad market business as key contributors.
Importantly, Industrial businesses beyond ATE and Aerospace grew more than 40% during the first half of fiscal 2026, indicating broad-based strength across automation, energy, healthcare and industrial automation markets. Communications was the fastest-growing end market, increasing 79% year over year. Within this segment, Data Center revenues surged more than 90%, driven by strong demand for ADI's optical and power solutions supporting AI infrastructure.
Management described both the Data Center and ATE businesses as being on steep growth trajectories with confidence extending into 2027. Overall, ADI's margin expansion is being fueled by rapid growth in its highest-margin, most differentiated businesses, creating a powerful combination of revenue acceleration and operating leverage.
How Competitors Fare Against Analog DevicesAnalog Devices competes with Texas Instruments (TXN - Free Report) in the industrial segment and with Broadcom (AVGO - Free Report) in the communications segment, which are also two of ADI’s strongest segments in terms of revenue growth and profit margin.
Texas Instruments competes with ADI in industrial signal chains, precision sensing and power management, especially in PLCs, factory automation and motor control. STMicroelectronics competes in industrial MCUs, motor drivers, sensors and automation systems. In the Communications segment, Texas Instruments competes with ADI in analog/mixed-signal, RF front-ends, power amp/driver ICs, ADCs/DACs in infrastructure and wireless systems.
Broadcom is strong in networking, data center, broadband, Wi-Fi, Ethernet PHYs and switches. In the communications segment, Broadcom mainly competes with its high-speed connectivity, optical / wireline networking equipment and cable or broadband IC portfolio. Despite strong competition from Texas Instruments and Broadcom, Analog Devices has enough scope to grow in the communications space as new 5G technology is being introduced, which gives scope for expansion to all the players.
ADI’s Price Performance, Valuation and EstimatesShares of ADI have gained 60.2% year to date compared with the Zacks Semiconductor - Analog and Mixed industry’s growth of 69.7%.
ADI YTD Performance Chart
Image Source: Zacks Investment Research
From a valuation standpoint, ADI trades at a forward price-to-sales ratio of 13.43X, higher than the industry’s average of 10.88X.
ADI Forward 12-Month (P/S) Valuation Chart
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for ADI’s fiscal 2026 and 2027 earnings implies year-over-year growth of 59% and 14%, respectively. The consensus estimate for fiscal 2025 and 2026 has remained unchanged in the past 30 days.
Image Source: Zacks Investment Research
ADI currently sports a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Marvell Technology letos vzrostla o 247 % díky sázce na ASIC a síťové vybavení pro datová centra s umělou inteligencí. Firma čeká ve fiskálním roce 2027 růst výnosů o 40 % na 11,5 miliardy USD.
Marvell Technology (MRVL 3.30%) stock has jumped by a stunning 247% so far this year. Investors have been buying shares of this chip designer hand over fist since it became evident that it is poised to capitalize on the fast-growing demand for application-specific integrated circuits (ASICs) and networking equipment in artificial intelligence (AI) data centers.
What's more, Nvidia CEO Jensen Huang's recent statement about Marvell becoming the "next trillion-dollar company" seems to have further boosted investor confidence in this semiconductor stock. However, we are going to look beyond the hype in this article to see whether this high-flying chipmaker can deliver further gains following its phenomenal rally and make investors richer over the next three years.
Image source: The Motley Fool.
Marvell Technology has become extremely expensive, but that's half the story Marvell's parabolic jump this year explains why its 12-month median price target of $240 sits 23% below its current stock price. After all, Marvell has a trailing price-to-earnings multiple of 106. Also, the forward earnings multiple of 76 isn't cheap either, though it does suggest a nice spike in the company's bottom line.
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For comparison, the tech-laden Nasdaq Composite index has an average earnings multiple of 41. So, Marvell will have to consistently deliver stronger-than-expected results and guidance in order to deliver more gains. The good part is that the company can indeed do so. It is worth noting that 85% of the 47 analysts covering Marvell stock still rate it as a buy.
That's because the company is confident it can substantially accelerate growth thanks to the lucrative markets it serves. Bloomberg estimates that the custom AI processor market could grow to $118 billion in 2033, accounting for 19% of overall AI chip sales. However, don't be surprised to see custom chips cornering a bigger share of the AI accelerator market as they are being deployed aggressively by hyperscalers and AI companies to lower operating costs.
On the other hand, Marvell also sells optical connectivity solutions, an area that's becoming the next bottleneck in AI infrastructure. Goldman Sachs expects the optical networking market to grow by a whopping 9x to $154 billion. What's more, the investment firm counts Marvell as a key player in this space, along with Nvidia and Broadcom.
All this explains why Marvell is forecasting its annualized revenue from datacenter interconnect (DCI) optical products to double between fiscal 2026 and 2028 to $1 billion. On the other hand, the annualized revenue of its switching products is expected to jump to $600 million in the current fiscal year, and then to more than $1 billion in the next one.
The custom AI processor business, meanwhile, is poised for some serious acceleration. Marvell expects 20% growth in this segment in the ongoing fiscal 2027. The beginning of new customer programs and more business from existing customers will drive an increase of more than 100% in Marvell's custom silicon revenue next year.
Why Marvell investors can expect more upside over the next three years Marvell expects 40% revenue growth in the ongoing fiscal year 2027 (which ends in January next year) to $11.5 billion. The growth rate is poised to accelerate next year, then slow slightly after two years.
Data by YCharts
However, Marvell's growth rate could easily outpace Wall Street's expectations in fiscal 2029 and accelerate further, especially given that large data center investments are unlikely to slow. Let's assume it can clock 50% revenue growth in fiscal 2029, Marvell's revenue will jump to $25 billion. If the stock trades at even 15 times sales at that time (nearly half its current sales multiple of 31), its market cap could reach $375 billion.
That suggests potential upside of 38% over the next three years. However, the massive growth potential in the optical networking space and the steady growth of the custom AI processor market could allow Marvell to clock stronger growth. As a result, Marvell could end up trading at a much higher sales multiple after three years than what I have assumed above, and that's going to pave the way for stronger upside in this AI stock.
There's a specific feeling that comes with watching a stock you believe in fall 20% in five days. It's not panic, exactly; it's more like the ground shifting beneath something you were certain about. The AI chip sector gave investors that feeling in the first week of June 2026. The Philadelphia Semiconductor Index dropped 10.3% in a single session on June 5 -- its worst day since March 2020 -- wiping out more than $1.3 trillion in market value across the sector. Broadcom missed its AI revenue whisper number by roughly $1.2 billion. A stronger-than-expected jobs report killed hopes for a rate cut. Two data points, and suddenly a sector that had run 75% year to date looked fragile.
Marvell Technology's (MRVL 3.30%) stock price fell 20% over those two days. If you were holding it, that number landed like a punch. But the business underneath that number really didn't change at all. Most investors know Nvidia makes AI chips. Fewer know that Marvell makes the infrastructure that connects them.
When hyperscalers like Amazon, Alphabet, and Microsoft build AI data centers, they need more than just GPUs. They need custom silicon -- application-specific chips designed from the ground up for their particular AI workloads -- and they need the networking fabric that moves data between thousands of chips at speeds that general-purpose hardware can't match. Marvell builds both.
Images source: Getty Images.
Its custom ASIC (application-specific integrated circuit) business is what the company calls its AI XPU platform. These are chips designed in partnership with specific cloud customers, purpose-built for their infrastructure. They can't be bought off a shelf. They can't be replicated without years of co-development work.
That exclusivity is the moat. At Computex 2026 in late May, Marvell CEO Matt Murphy delivered a keynote titled "The Future of AI Scaling Depends on Connectivity" -- and Nvidia CEO Jensen Huang, onstage alongside him, called Marvell a potential "next trillion-dollar company." That wasn't a throw-away comment from someone who chooses words carelessly.
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The business behind the sell-off Marvell posted record revenue of $8.195 billion in fiscal 2026 (ended Jan. 31) -- a 42% year-over-year increase driven by data center growth that has now made AI the company's dominant segment. In the first quarter of fiscal 2027, revenue hit another record at $2.418 billion, with record operating cash flow. The company offered guidance for Q2 fiscal 2027 revenue of $2.7 billion, representing 35% year-over-year growth, and raised its revenue outlook for both fiscal 2027 and fiscal 2028.
In late May, Marvell announced the industry's first 102.4 terabits-per-second switch built for AI and cloud data center infrastructure. To put that in terms that matter to a non-engineer: That's the speed at which AI systems inside the largest data centers can communicate with each other. As AI models grow larger and the compute clusters training them expand to thousands of chips, the bottleneck shifts from the chips themselves to the pipes between them. Marvell builds those pipes.
The sell-off had nothing to do with any of this. The company's custom silicon design wins hit an all-time record in fiscal 2026. Hyperscaler AI infrastructure spending commitments, which represent Marvell's demand base, total more than $725 billion in 2026 alone. The sell-off was about Broadcom's guidance and a macro data point. Marvell got caught in the current.
The risks worth knowing about Marvell's revenue is concentrated. If one major hyperscaler delays a custom chip program or decides to build that capability in-house, quarterly results move in a way that individual stockholders feel immediately. The stock also carries a premium valuation, reflecting expectations of continued execution at a pace most companies never sustain. Those are real concerns, and they don't disappear because the thesis is strong.
Also, keep in mind that over the last 12 months, Marvell surged approximately 322%, exploding from around $73 to a recent price of $310.58 per share. So invest and dollar-cost average appropriately. But to me, a 20% sell-off in a company that just raised its revenue guidance, whose CEO shared a stage with Jensen Huang for a keynote about the future of AI scaling, and that makes technology with no practical substitute in modern AI infrastructures, is a buying window.
Micah Zimmerman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Amazon, Broadcom, Marvell Technology, Microsoft, and Nvidia. The Motley Fool has a disclosure policy.
Marvell Technology očekává, že jeho interconnect podnikání ve fiskálním roce 2027 poroste meziročně o více než 70 %. V dalších čtvrtletích mají TIA a drivers dosáhnout ročního tempa přes 1 miliardu USD.
Key Takeaways MRVL expects interconnect revenue growth above 70% year over year in fiscal 2027.Marvell Technology sees TIAs and drivers topping a $1B annualized run rate in the coming quarters.Marvell Technology expects scale-up optics and DCI module revenue ramps in fiscal 2028. Marvell Technology’s (MRVL - Free Report) networking business remains a key beneficiary of rising AI cluster size and complexity. Marvell Technology now expects its interconnect business to grow more than 70% year over year in fiscal 2027, supported by scale-out PAM ramp-ups and growing contributions from scale-up and scale-across networking.
Within optics, the company expects TIAs and drivers to exceed a $1 billion annualized run rate in the next few quarters and sees a path to about $1 billion annualized DCI module revenues during fiscal 2028. The company also expects scale-up optics to ramp up in fiscal 2028, reflecting broader adoption across engagements.
Marvell Technology has been transforming itself into a key contributor to the connectivity hardware solutions for AI infrastructure and data centers. The company had launched the Golden Cable initiative to accelerate and expand the Active Electrical Cable (AEC) ecosystem for faster deployment of AI infrastructure by cloud and hyperscaler customers.
The AEC technology supports next-generation 1.6 T connectivity for superfast networks. Marvell Technology’s partners use this technology to validate cable architectures, advanced firmware, calibration data, and get support for integration and interoperability through the Golden Cable initiative.
MRVL is also gaining from the adoption of scale-up switches that connect AI accelerators within and across racks, requiring multi-terabit bandwidth and ultra-low latency. These switches will support both open standard Ethernet and UALink fabrics, leveraging Marvell Technology’s low-latency SerDes and Ethernet switch IP.
How Competitors Fare Against MRVL StockThe company faces stiff competition in the networking and custom silicon space from Broadcom (AVGO - Free Report) and Advanced Micro Devices (AMD - Free Report) .
Broadcom is a leader in the domain of custom silicon solutions for data centers. Broadcom’s advanced 3.5D XDSiP packaging platform is critical to ensure the performance and efficiency of custom AI XPUs.
Advanced Micro Devices is another established player in the custom silicon solutions and AI accelerator market. Advanced Micro Devices offers semi-custom SoCs and Instinct Accelerators to power data centers.
MRVL's Price Performance, Valuation and EstimatesShares of Marvell Technology have gained 228.4% year to date compared with the Zacks Electronics - Semiconductors industry’s growth of 63.3%.
MRVL YTD Performance Chart
Image Source: Zacks Investment Research
From a valuation standpoint, Marvell Technology trades at a forward price-to-sales ratio of 18.01X, lower than the industry’s average of 10.64X.
The Zacks Consensus Estimate for MRVL’s fiscal 2027 and 2028 earnings implies year-over-year growth of 42.3% and 52.9%, respectively. The estimates for fiscal 2027 and 2028 have been revised upward in the past 30 days.
Image Source: Zacks Investment Research
Marvell Technology currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Stifel zvýšil 12měsíční cílovou cenu Marvell z 321 na 350 USD a ponechal doporučení Buy. Analytik vidí nedávný pokles jako příležitost pro dlouhodobé investory.
On Wednesday, June 24, Stifel Nicolaus analyst Tore Svanberg reiterated his previous ‘Buy’ rating for Marvell (NASDAQ: MRVL) but decided to raise his 12-month price target for the equity from $321 to $350.
According to the Wall Street expert, the previous thesis regarding the 2026 breakout potential of analog players has been confirmed, while citing companies such as Astera Labs, Credo Technology, and MRVL itself as examples due to their recent beat-and-raise quarters.
Reflecting on Marvell shares’ decline and relative consolidation following the rapid rally at the very start of the month, Svanberg noted that the artificial intelligence (AI) weakness during the month represents a strong buying opportunity for long-term investors seeking to bet on ‘clear technological innovators.’
Wall Street analysts predict Marvell stock price in the next 12 months Elsewhere, Stifel Nicolaus’ latest revision is consistent with Wall Street’s overall view regarding MRVL stock.
On average, Marvell equity is expected to fall 3.16% to $262,73 in the coming 12 months – circumstantially demonstrating the speed of the latest upsurge – and is generally viewed as a ‘Strong Buy,’ per the data Finbold retrieved from TipRanks on June 24.
Wall Street sets Marvell stock price for the next 12 months. Source: TipRanks Furthermore, the company has been receiving ‘Buy’ recommendations exclusively since the month started, and got its Street High price target on June 17 when KeyBanc’s John Vinh raised his forecast from $260 to $385.
Bank of America analyst Vivek Arya was only slightly less bullish on June 23 when he placed Marvell stock’s second most recent 12-month estimate at $365.
Marvell stock soars 202% in 2026 Elsewhere, MRVL shares have been enjoying an especially strong 2026 as they soared 202.86% from $89.39 on January 2 – the first regular session of the year – to $270.73 at press time on June 24.
Marvell stock price YTD chart with June performance highlighted. Source: Google During June, Marvell stock rallied 24%, though the bulk of the rally took place during the month’s first week after Nvidia (NASDAQ: NVDA) CEO Jensen Huang opined it would be the world’s next $1 trillion company.
Featured image via Shutterstock
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DexCom začne v červenci v USA uvádět na trh novou aplikaci Stelo a letos ji plánuje spustit také ve Velké Británii, Austrálii, na Novém Zélandu a v Jižní Koreji.
Key Takeaways DexCom will roll out its redesigned Stelo app in the United States starting in July.Stelo is expected to launch in four international markets later this year, with more expansion to 2027.DexCom gained FDA clearance for Stelo use in children aged 2 and older who are not using insulin. DexCom (DXCM - Free Report) recently announced that it will begin rolling out its fully reimagined Stelo app experience in the United States starting in July. The updated app, available for Apple iPhone and Android users, is designed to make glucose insights more accessible and actionable for individuals seeking to better understand their metabolic health.
Alongside the app launch, DexCom reiterated its plans to expand Stelo internationally. The platform is expected to launch in the United Kingdom, Australia, New Zealand and South Korea later this year, with further expansion continuing into 2027. The updates were highlighted as part of a broader set of milestones shared by the company at Aspen Ideas: Health.
Per management, glucose is relevant to everyone, and a better understanding of glucose patterns can help prevent serious health complications. The company is working to expand access to glucose biosensing to bring preventive, personalized care closer to reality and make the Stelo app experience more approachable with real-time insights that help people act earlier, before disease takes hold.
Likely Trend of DXCM Stock Following the NewsFollowing the announcement, DXCM shares lost 0.2% at yesterday’s closing. Year to date, the stock has gained 3.8% against the industry’s 18.3% decline. The S&P 500 has risen 7.4% in the same timeframe.
The rollout of the redesigned Stelo app and the planned international expansion may strengthen DexCom’s position in the growing glucose monitoring and metabolic health market. By enhancing the user experience and extending access to new geographic markets, the company is broadening the appeal of its Stelo platform beyond traditional diabetes management. The developments could support long-term revenue growth while reinforcing DexCom’s leadership in glucose biosensing technology.
DXCM currently has a market capitalization of $26.65 billion.
Image Source: Zacks Investment Research
More on the NewsThe reimagined Stelo app has been developed to help users better understand how everyday factors such as food, physical activity, sleep and stress affect their glucose levels and overall well-being. The updated experience aims to simplify glucose data and provide insights that are easier to interpret and act upon, supporting the growing shift toward preventive and personalized healthcare.
In addition to the app rollout, DexCom highlighted the recent FDA clearance of the Stelo for pediatric use. The recent clearance expanded its indication from adults aged 18 and older not using insulin to include children aged 2 years and older who are not using insulin. The approval comes as youth-onset Type 2 diabetes and metabolic syndrome continue to rise in the United States, providing families with greater access to glucose insights and improving metabolic health awareness from an early age.
Industry Prospects Favoring the MarketGoing by the data provided by Grandview Research, the continuous glucose monitoring (CGM) devices market was valued at $15.47 billion in 2026 and is expected to witness a CAGR of 15.1% through 2033.
Factors like the growing cases of diabetes, the increasing adoption of CGM devices, growing clinical needs, technological innovation and shifting care models are boosting the market’s growth.
Other NewsAt the recent Investor Day event, DexCom unveiled its next-generation CGM, the Dexcom G8 system, which is expected to be launched in late 2027 or early 2028. Features include step change improvement in glucose performance, a 50% smaller form factor than Dexcom G7 and advanced sensing capabilities.
DXCM’s Zacks Rank & Key PicksDexCom currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks from the broader medical space are BrightSpring Health (BTSG - Free Report) , Globus Medical (GMED - Free Report) and Intuitive Surgical (ISRG - Free Report) .
BrightSpring Health, currently sporting a Zacks Rank #1 (Strong Buy), reported first-quarter 2026 adjusted earnings per share (EPS) of 39 cents, which beat the Zacks Consensus Estimate by 34.5%. Revenues of $3.61 billion surpassed the Zacks Consensus Estimate by 8.35%. You can see the complete list of today’s Zacks #1 Rank stocks here.
BrightSpring Health has an estimated long-term earnings growth rate of 46.5%. BTSG’s earnings surpassed estimates in three of the trailing four quarters and missed once, the average surprise being 14.6%.
Globus Medical, currently carrying a Zacks Rank #2 (Buy), reported a first-quarter 2026 adjusted EPS of $1.12, which surpassed the Zacks Consensus Estimate by 22.1%. Revenues of $759.9 million beat the Zacks Consensus Estimate by 4.0%.
GMED has an estimated long-term earnings growth rate of 10.2%. The company’s earnings beat estimates in each of the trailing four quarters, the average surprise being 26.3%.
Intuitive Surgical, carrying a Zacks Rank #2 at present, reported first-quarter 2026 adjusted EPS of $2.50, which beat the Zacks Consensus Estimate by 20.2%. Revenues of $2.77 billion surpassed the Zacks Consensus Estimate by 6.2%.
Intuitive Surgical has a long-term estimated growth rate of 14.3%. ISRG’s earnings surpassed estimates in each of the trailing four quarters, the average surprise being 16.8%.
Hershey v severoamerických slaných snackech zvýšil čisté tržby o 26 % na 350,1 mil. USD. K růstu přispěl hlavně LesserEvil, ale organické tržby vzrostly také o 5,6 %.
Key Takeaways Hershey's North America Salty Snacks net sales rose 26% year over year to $350.1 million.LesserEvil added 20.4 percentage points to growth, while organic constant-currency sales rose 5.6%.Dot's Pretzels, Reese's Filled Pretzels and Dot's Snack Mix helped lift retail sales and share. The Hershey Company (HSY - Free Report) started 2026 on a strong note in salty snacks, with first-quarter results highlighting growth across both acquired and legacy brands. North America Salty Snacks net sales increased 26% year over year to $350.1 million, reflecting continued consumer demand and successful innovation across the portfolio.
The LesserEvil acquisition contributed approximately 20.4 percentage points to segment growth, while organic constant-currency net sales jumped 5.6%, driven by volume growth of more than five points and roughly flat pricing. Growth extended beyond the acquisition. U.S. salty snacks retail takeaway, excluding LesserEvil, rose 9.8% for the 12-week period ended March 29, 2026, while retail sales increased nearly 10%, contributing to an almost 25-basis-point share gain.
Several brands played a meaningful role in the quarter's performance. Dot’s Pretzels posted a 13% year-over-year increase in retail sales, while Reese’s Filled Pretzels added 130 basis points to pretzel category share. Dot’s Snack Mix also gained traction quickly, capturing more than 200 basis points of snack mix market share during the quarter.
LesserEvil remained a standout contributor, with retail sales surging more than 65%, supported by expanded distribution, and strong trial and repeat purchases. The company plans to further support the brand through additional distribution gains, adjacent category expansion and brand-building investments.
Taken together, the quarter's results point to broad-based strength across Hershey's salty snacks portfolio. While LesserEvil provided a meaningful boost, gains in retail takeaway, market share and brand performance indicate that growth is being supported by multiple drivers across the segment.
HSY Stock Price Performance, Valuation & EstimatesShares of this Zacks Rank #3 (Hold) company have risen 7% over the past year against the industry’s decline of 0.1%.
HSY Price Performance Versus Industry
Image Source: Zacks Investment Research
From a valuation standpoint, Hershey trades at a forward price-to-earnings ratio of 19.62, above the industry’s average of 15.28.
HSY’s Valuation Compared to Industry
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The Zacks Consensus Estimate for Hershey’s current fiscal-year sales and earnings per share suggests year-over-year growth of 5.1% and 33.9%, respectively.
Better Ranked Stocks to ConsiderThe Chef's Warehouse, Inc. (CHEF - Free Report) , a specialty food distributor serving restaurants, hotels and hospitality customers, sports a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for The Chef's Warehouse’s current financial-year sales and earnings indicates growth of 8.3% and 24.7%, respectively, from the prior-year reported levels. CHEF delivered a trailing four-quarter earnings surprise of 28.9%, on average.
The Vita Coco Company, Inc. (COCO - Free Report) is a leading beverage company best known for its Vita Coco brand, with a portfolio that also includes hydration, energy and protein-based beverages. COCO sports a Zacks Rank #1.
The Zacks Consensus Estimate for Vita Coco’s current financial-year sales and earnings calls for year-over-year growth of 21.4% and 47.9%, respectively. COCO delivered a trailing four-quarter earnings surprise of 11.7%, on average.
Darling Ingredients Inc. (DAR - Free Report) is a global leader in converting food waste and animal by-products into sustainable ingredients and renewable energy products. DAR currently sports a Zacks Rank #1.
The Zacks Consensus Estimate for Darling Ingredients’ current fiscal-year sales and earnings suggests a year-over-year increase of 12.3% and 588.2%, respectively. DAR delivered a trailing four-quarter earnings surprise of 16.1%, on average.
Arrowhead Pharmaceuticals získala v EU schválení pro REDEMPLO® (plozasiran) u dospělých se syndromem familiární chylomikronémie. Lék snižuje triglyceridy a je prvním i jediným schváleným siRNA přípravkem pro FCS v EU.
PASADENA, Calif.--(BUSINESS WIRE)--Arrowhead Pharmaceuticals, Inc. (NASDAQ: ARWR) today announced that the European Commission (EC) has formally granted marketing authorization for REDEMPLO® (plozasiran), a small interfering RNA (siRNA) medicine, as an adjunct to diet to reduce triglyceride levels in adult patients with familial chylomicronemia syndrome (FCS). REDEMPLO is the first and only siRNA medicine authorized by the EC for adults with FCS, diagnosed either by the presence of clinical criteria or genetic testing.
Importantly, the ability to diagnose and treat without requiring a genetic test could enable earlier treatment, which is particularly relevant in rare diseases such as FCS.
Share“FCS drives an elevated risk of recurrent and potentially fatal episodes of acute pancreatitis. Results from the PALISADE study demonstrate that plozasiran can achieve significant and sustained reductions in triglycerides for these patients,” said Professor Børge Nordestgaard, Department of Clinical Medicine, University of Copenhagen and President, European Atherosclerosis Society. “Importantly, the ability to diagnose and treat without requiring a genetic test could enable earlier treatment, which is particularly relevant in rare diseases such as FCS.”
Announcing its recommendation for the approval of REDEMPLO, the European Medicines Agency noted, "Although other authorised medicines can help people with FCS confirmed by genetic testing, REDEMPLO does not require genetic confirmation of the condition, thus providing a treatment option for more adults with FCS and addressing the unmet medical need in these patients."
“Today's approval marks a pivotal moment for people living with familial chylomicronemia syndrome. As a patient myself and having spoken with countless others living with FCS through leading our organization, I know firsthand how devastating the burden of FCS is on every dimension of daily life. The constant uncertainty, the worry, the fear of acute pancreatitis, the chronic pain and fatigue are challenges the FCS community faces every single day, on top of the long and often frustrating journey to receiving a diagnosis,” added Rosa Pérez Jiménez, President of Familial Chylomicronemia Association (Asociación de Quilomicronemia Familiar) Spain. “This new therapeutic option gives renewed hope to patients who have waited far too long to be seen, understood, and treated.”
Harnessing Arrowhead’s proprietary Targeted RNAi Molecule (TRiM™) platform, REDEMPLO is designed to suppress production of apolipoprotein C-III (APOC3), a protein produced in the liver that raises triglyceride levels by inhibiting their breakdown and clearance.
“We are pleased to have received EC approval for REDEMPLO as a new treatment option for people living with genetically or clinically confirmed FCS. With this approval secured, we are engaging with relevant national authorities and healthcare communities across the European Union to bring REDEMPLO to people living with FCS as quickly and efficiently as possible,” said Christopher Anzalone, Ph.D., President and CEO at Arrowhead Pharmaceuticals. “This ongoing cadence of regulatory approvals around the world reflects the strength of our clinical data and the real progress being made across our diverse pipeline of siRNA-based therapies that leverage our proprietary TRiM™ platform.”
EC regulatory approval was supported by clinical data from the Phase 3 PALISADE study, a randomized, double-blind, placebo-controlled trial in 75 adults with clinically diagnosed or genetically confirmed FCS.1,2 The PALISADE study met its primary endpoint and all multiplicity-controlled key secondary endpoints. In PALISADE, 25 mg REDEMPLO reduced triglycerides by a median of 80% from baseline versus a 17% reduction with placebo. Additionally, the combined doses of 25 mg and 50 mg plozasiran significantly reduced the incidence of acute pancreatitis (odds ratio, 0.169; p=0.0292). The odds of acute pancreatitis were 83% lower in the pooled plozasiran groups compared with the placebo group. The most common adverse reactions were hyperglycaemia (12.8%), headache (6.8%), nausea (4.7%), and injection site reaction (4.7%).1,2
About Familial Chylomicronemia Syndrome (FCS)
Familial chylomicronemia syndrome is a severe and rare disease leading to extremely high triglyceride (TG) levels, typically over 10 mmol/L (880 mg/dL). Such severe elevations can lead to various serious signs and symptoms including acute and potentially fatal pancreatitis, chronic abdominal pain, diabetes, hepatic steatosis, and cognitive issues. Currently, there are limited therapeutic options to adequately treat FCS.
About REDEMPLO® (plozasiran)
REDEMPLO (plozasiran) is currently approved by the U.S. Food and Drug Administration, Health Canada, China’s National Medical Products Administration, the Australian Therapeutic Goods Administration, and by the European Commission as an adjunct to diet to reduce triglycerides for adults with FCS. REDEMPLO is the first and only siRNA treatment approved in these countries to be studied in both clinically diagnosed and genetically confirmed patients living with FCS.
REDEMPLO is designed to suppress the production of apolipoprotein C-III (APOC3), a protein produced in the liver that raises triglyceride levels by slowing their breakdown and clearance. By targeting APOC3 with sustained silencing, REDEMPLO delivers significant reductions in triglyceride levels. REDEMPLO is self-administered via subcutaneous injection once every three months.
REDEMPLO has been granted Orphan Medicinal Product Designation by the EMA for the treatment of patients with FCS, and Breakthrough Therapy Designation, Fast Track Designation, and Orphan Drug Designation by the U.S. FDA for the treatment of patients with FCS. In December 2025, plozasiran was also granted Breakthrough Therapy designation by the U.S. FDA in severe hypertriglyceridemia.
Plozasiran is also being investigated in the SHASTA-3 (NCT06347003), SHASTA-4 (NCT06347016), and SHASTA-5 (NCT06880770) Phase 3 studies in adults with severe hypertriglyceridemia and the MUIR-3 (NCT06347133) Phase 3 study in adults with hypertriglyceridemia.
About Arrowhead Pharmaceuticals
Arrowhead Pharmaceuticals (NASDAQ: ARWR) is a commercial-stage pharmaceutical company developing medicines that treat intractable diseases by silencing the genes that cause them, harnessing the natural RNA interference (RNAi) mechanism. The company has built a broad portfolio of clinical and commercial RNAi therapeutics through its industry-leading targeted RNAi molecule (TRiM™) platform, which can precisely silence genes in a wide range of cell types, including liver, lung, muscle, adipose, and central nervous system tissue. At Arrowhead, we rapidly advance potential best- and first-in-class RNAi treatments for diseases with significant unmet medical need, because every day matters to the patients we serve.
For more information, please visit www.arrowheadpharma.com, or follow us on X (formerly Twitter) at @ArrowheadPharma, LinkedIn, Facebook, and Instagram. To be added to the Company’s email list and receive news directly, please visit http://ir.arrowheadpharma.com/email-alerts.
Safe Harbor Statement under the Private Securities Litigation Reform Act:
This news release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Any statements contained in this release except for historical information may be deemed to be forward-looking statements. Without limiting the generality of the foregoing, words such as “may,” “will,” “expect,” “believe,” “anticipate,” “hope,” “intend,” “plan,” “project,” “could,” “estimate,” “continue,” “target,” “forecast” or “continue” or the negative of these words or other variations thereof or comparable terminology are intended to identify such forward-looking statements. In addition, any statements that refer to projections of our future financial performance, trends in our business, expectations for our product pipeline, products or product candidates or other characterizations of future events or circumstances are forward-looking statements. These forward-looking statements include, but are not limited to, statements about our beliefs and expectations regarding the long-term impacts of REDEMPLO (plozasiran) on patient health and the health care system; our beliefs and expectations regarding the pricing, value, or expected timing for availability of our drugs and drug candidates if approved; and our beliefs and expectations around the potential uses and value of the TRiM™ platform. These statements are based upon our current expectations and speak only as of the date hereof. Actual results or outcomes may differ materially and adversely from those expressed in any forward-looking statements as a result of numerous factors and uncertainties, including the safety and efficacy of our products and product candidates, pricing and reimbursement decisions related to our products if approved, demand for our products, decisions of regulatory authorities and the timing thereof, the duration and impact of regulatory delays in our clinical programs, our ability to finance our operations, the likelihood and timing of the receipt of future milestone and licensing fees, the future success of our scientific studies, the timing for starting and completing clinical trials, rapid technological change in our markets, the enforcement of our intellectual property rights, and the other risks and uncertainties described in our most recent Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q and other documents filed with the Securities and Exchange Commission from time to time. We assume no obligation to update or revise forward-looking statements to reflect new events or circumstances.
References
Watts GF, Rosenson RS, Hegele RA, Goldberg IJ, Gallo A, Mertens A, Baass A, Zhou R, Muhsin M, Hellawell J, et al. Plozasiran for managing persistent chylomicronemia and pancreatitis risk. N Engl J Med. 2024;392:127–137. https://doi.org/10.1056/nejmoa2409368 PMID: 39225259.Watts GF, Hegele RA, Rosenson RS et al. Temporal Effects of Plozasiran on Lipids and Lipoproteins in Persistent Chylomicronemia. Circulation. 2025:151(10); 733-736; https://doi.org/10.1161/CIRCULATIONAHA.124.072860 PMID:39549263.Source: Arrowhead Pharmaceuticals, Inc.
Key Takeaways AI demand is powering APH, but most revenues still come from non-AI markets.Aerospace, automotive and industrial businesses provide additional growth drivers.CommScope deal expands Amphenol's reach across broadband and data infrastructure. Amphenol Corporation (APH - Free Report) is riding a powerful wave of AI-driven data center spending, but the story goes well beyond AI. The bigger question is whether the company's diverse end markets can keep growth humming when AI demand eventually cools.
Management does not exactly break out AI revenues, but recent results leave little doubt that AI-related IT Datacom demand is doing much of the heavy lifting. First-quarter 2026 sales jumped 58% year over year to $7.6 billion, while orders climbed to $9.4 billion, resulting in a book-to-bill ratio of 1.24. The Communications Solutions segment, which houses the IT Datacom business, grew 88% and accounted for roughly 60% of total sales.
That growth has fueled investor enthusiasm, but it has also raised expectations. APH trades at 32.11X forward earnings, above both its five-year median of 29.26X and the industry average of 31.92X.
Still, AI is not the whole story. IT Datacom represented just over 40% of first-quarter sales, meaning a majority of revenues came from other markets. Automotive demand continues to benefit from rising electronic content per vehicle. Commercial aerospace is gaining from higher production at Boeing and Airbus, while defense spending remains healthy. Industrial demand is supported by factory automation and electrification. Meanwhile, the $10.5 billion acquisition of CommScope's Connectivity and Cable Solutions business broadens Amphenol's exposure to broadband and data infrastructure.
These businesses are unlikely to match AI's current pace of growth, but they should help Amphenol continue outgrowing many peers. That makes the company less dependent on AI than the market often assumes, though its premium valuation leaves little room for disappointment.
How Are Peers Diversifying?Among peers, TE Connectivity plc (TEL - Free Report) and Sensata Technologies Holding plc (ST - Free Report) are also pursuing diversification, though with different emphases.
TE Connectivity serves transportation, industrial equipment, aerospace, defense, energy and communications markets, benefiting from long-term trends such as EV adoption, factory automation and grid modernization. Sensata has expanded beyond its traditional base and now operates across automotive, industrials, and aerospace, defense and commercial equipment markets, with growing exposure to electrification, battery management systems and heavy vehicles. Still, both TE Connectivity and Sensata remain more reliant on transportation and industrial demand than APH.
APH’s Price Performance and EstimatesShares of Amphenol have gained 22.8% in the year-to-date period compared with the broader sector’s rise of 20%.
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The Zacks Consensus Estimate for Amphenol’s 2026 earnings is pegged at $4.76 per share, implying a 42.5% jump from the year-ago period, followed by another 18.1% growth next year.
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The stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Key Takeaways ATI shares jumped 142.6% in a year, backed by aerospace, defense and specialty energy demand.Earnings estimates for ATI are rising, with 2026 earnings expected to climb 34.3% year over year.Nickel alloy upgrades, cash flow, debt cuts and buybacks support ATI's long-term growth plans. ATI Inc. (ATI - Free Report) shares have surged 142.6% over the past year, outperforming the Zacks Aerospace - Defense Equipment industry’s rise of 18.4%. It has been benefiting from robust demands in key sectors and growth actions led by strategic investments toward building differentiated nickel capability through upgrading specific equipment or processes amid a challenging macro environment fueled by geopolitical tensions.
We are positive about ATI’s prospects and believe that the time is right for you to add the stock to the portfolio, as it looks promising and is poised to carry the momentum ahead.
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Let's see what makes ATI stock an attractive investment option at the moment.
Positive Analyst Sentiment for ATI StockEarnings estimates for ATI have been going up over the past 60 days. The Zacks Consensus Estimate for 2026 has increased by 40.7%. The consensus estimate for second-quarter 2026 has also been revised 5.2% upward over the same time frame. The favorable estimate revisions instill investor confidence in the stock.
ATI’s Strong Growth ProspectsThe Zacks Consensus Estimate for ATI’s 2026 earnings is pegged at $4.35, suggesting a 34.3% increase from the previous year’s tally. Earnings are projected to increase by 37.8% in the second quarter of 2026.
Positive Earnings Surprise HistoryATI’s earnings beat the Zacks Consensus Estimate in each of the four trailing quarters, with an average earnings surprise of 8.6%.
ATI Rides on Aerospace Demand Surge and Strategic CapExATI continues to benefit from strong demand across its key aerospace, defense and specialty energy markets. The ongoing production ramp in both narrow-body and wide-body commercial aircraft, coupled with growing adoption of next-generation jet engines, is driving increased demand for the company’s proprietary alloys, forgings and specialty materials. ATI is also benefiting from higher content per engine as advanced engine platforms require greater use of nickel-based superalloys and specialty materials.
Rising government spending across naval, air, missile and ground-based military programs continues to support demand for ATI’s titanium and advanced alloy products used in critical defense applications. The company is also seeing growing opportunities in its specialty energy business as investments in nuclear power and gas turbine infrastructure increase to meet rising electricity demand, particularly from AI-driven data centers.
The company is reinforcing its growth targets through investments in the expansion of its differentiated nickel alloy capabilities, including upgrades to its nickel melt system and new vacuum induction melting capacity. These projects are focused on high margins and are partially supported by customer co-funding, reducing execution risk.
At the same time, ATI continues to generate healthy free cash flow and strengthen its balance sheet. It sees an adjusted free cash flow outlook of $465-$525 million for 2026. Its disciplined capital allocation strategy, debt reduction efforts and share repurchase programs provide additional support to shareholder value creation while positioning the company to capitalize on long-term growth opportunities.
ATI’s Zacks Rank & Other Key PicksATI currently carries a Zacks Rank #2 (Buy).
Other top-ranked stocks in the Basic Materials space are Albemarle Corporation (ALB - Free Report) , Dow Inc. (DOW - Free Report) and Avino Silver & Gold Mines Ltd. (ASM - Free Report) .
While ALB and DOW sport a Zacks Rank #1 (Strong Buy) each at present, ASM carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for ALB’s 2026 earnings is pinned at $12.39 per share, indicating a 1,668.35% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed once, with an average surprise of 74.5%. ALB’s shares have jumped 160.3% over the past year.
The Zacks Consensus Estimate for DOW’s 2026 earnings is pegged at $2.61 per share, indicating a rise of 377.66% year over year. Its earnings beat the Zacks Consensus Estimate in three of the trailing four quarters. DOW’sshares have gained 11.8% over the past year.
The Zacks Consensus Estimate for ASM’s current fiscal-year earnings is pinned at 39 cents per share, indicating a 34.48% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise of 125%.
ATI otevřela nový závod v Chihuahua v Mexiku, který rozšiřuje kapacity pro výrobu a kontrolu leteckých komponentů. Spojuje obrábění, testování, dokončování i kontrolu kvality a má zrychlit průchodnost i zkrátit dodací lhůty.
Key Takeaways ATI opened a new Chihuahua facility to expand aerospace manufacturing and inspection capacity. The site combines machining, testing, finishing and quality verification to improve throughput. ATI says the expansion supports supply chain resilience and rising aerospace engine demand. ATI Inc. (ATI - Free Report) has expanded its advanced manufacturing and inspection capabilities to meet increasing demand for next-generation aerospace engine components, reinforcing its position as a key supplier to the global aerospace industry. The company’s newly operational facility in Chihuahua, Mexico, enhances critical capacities within ATI’s aerospace forging value chain and is designed to help customers navigate ongoing supply chain challenges affecting aircraft engine production.
The state-of-the-art greenfield facility combines advanced machining, nondestructive testing, finishing and quality verification technologies in a single location, enabling ATI to more efficiently move critical aerospace components from forging through final inspection while improving throughput and reducing lead times.
The expansion supports both existing and next-generation aerospace engine programs that require advanced materials and precision manufacturing. ATI is also working closely with customers to accelerate the qualification of critical parts and capabilities to meet rising commercial and defense aerospace demand.
The new facility also strengthens ATI’s integrated aerospace manufacturing network by providing access to a highly skilled aerospace workforce in Mexico. The investment aligns with the company’s long-term strategy of expanding differentiated manufacturing capabilities in high-growth aerospace and defense markets.
The project was completed within ATI’s existing capital expenditure framework, demonstrating the company’s focus on disciplined investment while expanding capacity in strategically important areas of its business.
Per ATI, the investment strengthens a critical segment of the aerospace value chain. As demand for advanced aerospace engines continues to increase, the additional capacity will allow ATI to deliver high-quality products with greater throughput and the differentiated performance customers require. Fields added that the expansion enhances supply chain resilience and supports the aerospace industry’s continued growth.
Shares of ATI are up 140.5% in the past year compared with the industry’s 18.8% rise.
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ATI’s Zacks Rank & Other Key PicksATI currently carries a Zacks Rank #2 (Buy).
Other top-ranked stocks in the Aerospace sector include Axon Enterprise, Inc. (AXON - Free Report) , Heico Corporation (HEI - Free Report) and AAR Corp. (AIR - Free Report) . AXON and HEI carry a Zacks Rank #1 (Strong Buy), while AIR carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for AXON’s current-year earnings stands at $8.09 per share, implying a 18.1% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in two of the trailing four quarters and missed twice, with the average surprise being 8.8%.
The Zacks Consensus Estimate for HEI’s current-year earnings is pegged at $5.78 per share, implying a 18% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in all of the trailing four quarters, with the average surprise being 13.8%.
The Zacks Consensus Estimate for AIR’s current-year earnings is pegged at $4.97 per share, indicating a 27.1% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in all of the trailing four quarters, with the average surprise being 11.3%.
Paychex ve 4. čtvrtletí zvýšil tržby o 12 % na 1,6055 miliardy USD a zisk na akcii o 43 % na 1,17 USD. Firma zároveň spustila WISE, novou AI platformu pro své systémy HCM.
Delivered Strong Double-Digit Revenue and Earnings GrowthExpanded AI Leadership with the Launch of WISE Workforce Intelligence EngineReturned $2.2 Billion to Shareholders in Fiscal 2026
ROCHESTER, N.Y., June 24, 2026 (GLOBE NEWSWIRE) -- Paychex (Nasdaq: PAYX), a leading provider of expert-enabled HR, payroll, and benefits, today reported results for the fiscal quarter ended May 31, 2026 (the "fourth quarter") of the fiscal year ended May 31, 2026 ("fiscal 2026"). Results compared to the same period last year were as follows:
Three months ended Twelve months ended May 31, May 31, In millions, except per share amounts 2026 2025 Change(2)
2026 2025 Change(2)Total revenue $1,605.5 $1,427.3 12% $6,512.0 $5,571.7 17%Operating income $604.7 $431.1 40% $2,510.5 $2,207.7 14%Adjusted operating income(1) $675.8 $576.7 17% $2,814.7 $2,370.0 19%Diluted earnings per share $1.17 $0.82 43% $4.89 $4.58 7%Adjusted diluted earnings per share(1) $1.32 $1.19 11% $5.51 $4.98 11% (1) Adjusted operating income and adjusted diluted earnings per share are not United States ("U.S.") generally accepted accounting principle ("GAAP") measures. Please refer to the "Non-GAAP Financial Measures" section of this press release for a discussion of non-GAAP measures.
(2) Percentage changes are calculated based on unrounded numbers.
“We finished fiscal 2026 with strong momentum, delivering double-digit revenue and earnings growth while accelerating organic revenue growth throughout the year,” stated John Gibson, President and Chief Executive Officer. "These results reflect solid execution against two of our strategic priorities, the successful integration of Paycor to advance our upmarket expansion and AI innovation that further differentiates our HCM and advisory solutions. Our durable business model and strong cash generation enabled us to return $2.2 billion to shareholders this fiscal year while continuing to invest in innovation and future growth."
Gibson continued, “As businesses look for a trusted partner to help them manage increasing work and complexity, we believe Paychex is well positioned to deliver differentiated value through the combination of our AI-driven technology and deep advisory expertise. This quarter, we launched WISE, our AI-powered intelligence engine, across our HCM platforms and internal operations, enabling more proactive, autonomous execution. It leverages patent-pending technology to unlock insights from unstructured data to increase productivity and enhance client outcomes.”
Fourth Quarter Business Highlights
Fourth quarter results reflect a full quarter of revenue and expenses from Paycor HCM, Inc. (“Paycor”), acquired in April 2025, compared to a partial-quarter in the prior-year period.
Total revenue increased to $1.6 billion for the fourth quarter, representing growth of 12% over the prior year period. Highlights compared to the prior year period include:
Management Solutions revenue increased 14% to $1.2 billion for the fourth quarter. Paycor, acquired in April 2025, contributed approximately 8% to Management Solutions revenue growth year-over-year. Management Solutions revenue increased due to the following:
Higher product penetration and growth in client worksite employees for Human Resources ("HR") Solutions; andPrice realization and higher revenue per client driven by Paycor's upmarket client base. Professional Employer Organization ("PEO") and Insurance Solutions revenue increased 9% to $369.7 million for the fourth quarter, primarily due to the following:
Growth in the number of average PEO worksite employees; andIncrease in PEO insurance revenues. Interest on funds held for clients increased 15% to $52.2 million for the fourth quarter due to higher average investment balances resulting from the acquisition of Paycor.
Total expenses were relatively flat for the fourth quarter, primarily impacted by the following:
Increases in compensation-related expenses and amortization of intangible assets, primarily driven by the acquisition of Paycor; andHigher technology, selling, and marketing investments driven by the acquisition of Paycor and continued investments in our strategic priorities; offset byLower acquisition-related compensation and other acquisition-related costs, primarily consisting of professional service fees.
Operating income increased 40% to $604.7 million for the fourth quarter. The increase in operating income primarily reflected revenue growth and lower acquisition-related costs compared to the prior year period. Adjusted operating income(1), which excludes acquisition-related costs included in selling, general and administrative expenses, grew 17% to $675.8 million for the fourth quarter. Operating margin (operating income as a percentage of total revenue) was 37.7% for the fourth quarter compared to 30.2% for the prior year period. Adjusted operating margin(1) (adjusted operating income as a percentage of total revenue) was 42.1% for the fourth quarter compared to 40.4% for the prior year period.
Interest expense increased $1.0 million to $64.7 million for the fourth quarter, primarily due to the issuance of incremental debt in April 2025 to finance the acquisition of Paycor. The prior-year period also included acquisition-related financing costs.
Other income, net, decreased $7.7 million to $14.2 million for the fourth quarter, primarily as a result of lower average investment balances on our corporate investments resulting from the repayment of the Company's long-term private placement debt, Senior Notes, Series A, which matured in March 2026, and higher share repurchases in fiscal 2026.
Our effective income tax rate was 24.1% for the fourth quarter and 23.7% for the prior year period. Both periods were affected by the recognition of discrete tax impacts related to employee stock-based compensation payments.
Diluted earnings per share increased 43% to $1.17 per share and adjusted diluted earnings per share(1) increased 11% to $1.32 per share for the fourth quarter.
Fiscal Year Business Highlights
Highlights for fiscal 2026 as compared to the corresponding prior year period are as follows:
Total revenue increased 17% to $6.5 billion.Operating income increased 14% to $2.5 billion and adjusted operating income(1) increased 19% to $2.8 billion.Operating margin was 38.6% for the fiscal year compared to 39.6% for the prior year period. Adjusted operating margin(1) was 43.2% for the fiscal year compared to 42.5% for the prior year period.Diluted earnings per share increased 7% to $4.89 per share. Adjusted diluted earnings per share(1) increased 11% to $5.51 per share. Financial Position and Liquidity
Our financial position and cash flow generation remained strong during fiscal 2026. As of May 31, 2026, we had:
Cash, restricted cash, and total corporate investments of $1.2 billion.Short-term and long-term borrowings, net of debt issuance costs, of $4.6 billion.Cash flow from operations was $2.6 billion for the fiscal year.
Return to Stockholders During Fiscal 2026
Paid cumulative dividends of $4.43 per share totaling $1.6 billion.Repurchased 5.6 million shares of our common stock for $611.0 million. Business Outlook
Our outlook for the fiscal year ending May 31, 2027 ("fiscal 2027") reflects current assumptions and market conditions. Changes in the macroeconomic environment could alter our guidance. Our updated business outlook is as follows:
Total revenue is anticipated to grow in the range of 5% to 6%.Management Solutions revenue is anticipated to grow in the range of 5% to 6%.PEO and Insurance Solutions revenue is anticipated to grow in the range of 6% to 7%.Interest on funds held for clients is expected to be in the range of $195 million to $205 million.Adjusted operating margin(1) is anticipated to be approximately 44%.The effective income tax rate for fiscal 2027 is anticipated to be approximately 24%.Adjusted diluted earnings per share(1) is anticipated to grow in the range of 7% to 9%.
(1) Adjusted operating income, adjusted operating margin, and adjusted diluted earnings per share are not U.S. GAAP measures. Please refer to the "Non-GAAP Financial Measures" section of this press release for a discussion of non-GAAP measures. Forward-looking adjusted operating margin and adjusted diluted earnings per share exclude acquisition-related costs.
Non-GAAP Financial Measures
Three months ended Twelve months ended May 31, May 31, $ in millions, except per share amounts 2026 2025 Change 2026 2025 ChangeOperating income $604.7 $431.1 40% $2,510.5 $2,207.7 14%Non-GAAP adjustments: Acquisition-related costs(1) 71.1 145.6 304.2 162.3 Adjusted operating income $675.8 $576.7 17% $2,814.7 $2,370.0 19%Adjusted operating margin 42.1% 40.4% 43.2% 42.5% Net income $420.6 $297.2 41% $1,760.1 $1,657.3 6%Non-GAAP adjustments: Acquisition-related costs(1) 71.1 166.4 304.2 196.3 Income tax benefit for acquisition-related costs (17.1) (33.3) (73.3) (40.6) Discrete tax shortfall/(windfall) related to employee stock-based compensation payments(2) 0.0 (0.7) (6.2) (10.1) Adjusted net income $474.6 $429.6 10% $1,984.8 $1,802.9 10% Diluted earnings per share(3) $1.17 $0.82 43% $4.89 $4.58 7%Non-GAAP adjustments: Acquisition-related costs(1) 0.20 0.46 0.84 0.54 Income tax benefit for acquisition-related costs (0.05) (0.09) (0.20) (0.11) Discrete tax shortfall/(windfall) related to employee stock-based compensation payments(2) 0.00 (0.00) (0.02) (0.03) Adjusted diluted earnings per share $1.32 $1.19 11% $5.51 $4.98 11% Net income $420.6 $297.2 41% $1,760.1 $1,657.3 6%Non-GAAP adjustments: Interest expense 64.7 63.7 269.5 105.4 Interest income on corporate investments (13.0) (20.5) (63.4) (72.8) Income taxes 133.6 92.1 550.8 518.6 Depreciation and amortization expense 113.2 85.7 442.6 209.5 EBITDA $719.1 $518.2 39% $2,959.6 $2,418.0 22%Non-GAAP adjustments: Acquisition-related costs(1) 10.6 104.9 62.2 121.6 Adjusted EBITDA $729.7 $623.1 17% $3,021.8 $2,539.6 19% (1) Acquisition-related costs included in selling, general and administrative expenses include:
$60.5 million for the fourth quarter and $242.0 million for the twelve months compared to $40.7 million for both corresponding prior-year periods, in amortization of intangibles acquired in the acquisition of Paycor,$10.4 million for the fourth quarter and $52.1 million for the twelve months compared to $70.8 million for both corresponding prior-year periods, in compensation costs related to the acquisition and integration of Paycor, including replacement awards, severance and retention bonuses, and$0.2 million for the fourth quarter and $10.1 million for the twelve months compared to $34.1 million and $50.8 million for corresponding prior-year periods, respectively, in other acquisition-related costs primarily consisting of professional service fees. In addition, acquisition-related costs for the three and twelve months ended May 31, 2025 include $20.8 million and $34.0 million, respectively, reflecting the amortization of financing fees related to debt instruments associated with the financing of the Paycor acquisition and the excluded component of the initial fair value of the interest rate swaption contracts that are included in Interest expense in the Company's Consolidated Statements of Income.
(2) Net tax shortfall/(windfall) related to employee stock-based compensation payments recognized in income taxes. This item is subject to volatility and will vary based on employee decisions on exercising employee stock options and fluctuations in our stock price, neither of which is within the control of management.
(3) The calculation of the impact of non-GAAP adjustments on diluted earnings per share is performed on each line independently. The table may not add down by +/- $0.01 due to rounding.
In addition to reporting operating income, operating margin, net income, and diluted earnings per share, which are U.S. GAAP measures, we present adjusted operating income, adjusted operating margin, adjusted net income, adjusted diluted earnings per share, earnings before interest, taxes, depreciation, and amortization ("EBITDA"), and adjusted EBITDA which are non-GAAP measures. We believe these additional measures are indicators of the performance of our core business operations period over period. Adjusted operating income, adjusted operating margin, adjusted net income, adjusted diluted earnings per share, EBITDA, and adjusted EBITDA are not calculated through the application of U.S. GAAP and are not required forms of disclosure by the Securities and Exchange Commission ("SEC"). As such, they should not be considered a substitute for the U.S. GAAP measures of operating income, operating margin, net income, and diluted earnings per share, and, therefore, they should not be used in isolation but in conjunction with the U.S. GAAP measures. The use of any non-GAAP measure may produce results that vary from the U.S. GAAP measure and may not be comparable to a similarly defined non-GAAP measure used by other companies.
Annual Report on Form 10-K ("Form 10-K")
We anticipate filing our Form 10-K before the end of July 2026. Once filed, the report will be accessible via our Investor Relations portal at https://investor.paychex.com. This press release should be read in conjunction with the Form 10-K and the related Notes to Consolidated Financial Statements and Management's Discussion and Analysis of Financial Condition and Results of Operations contained in that Form 10-K.
Webcast Details
The Company will host an Earnings Conference Call on June 24, 2026 at 9:30 a.m. Eastern Time, to discuss these results. The live webcast will be available for replay on our Investor Relations portal at https://investor.paychex.com, where news releases, current financial information, and investor presentations are also accessible.
Contacts
Investor Relations:Media Relations:Rachel WhiteTracy VolkmannHead of Investor RelationsManager, Public Relations(513) 954-7388(585) [email protected]@paychex.com About Paychex
Paychex, Inc. (Nasdaq: PAYX) provides a comprehensive suite of expert-enabled technology and advisory solutions that help businesses manage HR, payroll, and benefits. Serving approximately 800,000 clients and paying 1 in 11 U.S. private sector workers, Paychex combines scale, trusted expertise, and innovation to help businesses succeed. Built on more than 50 years of workforce experience and one of the industry’s largest proprietary HR datasets, Paychex’s WISE agentic AI platform embeds intelligence directly into workflows to improve productivity, enhance decision-making, and deliver better outcomes. Learn more at paychex.com.
Certain written statements in this press release may contain, and members of management may from time to time make or discuss statements which constitute, "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by such words and phrases as "expect," "outlook," "will," "guidance," "projections," "strategy," "anticipate," "believe," "can," "continue," "could," "future," "may," "possible," "potential," "should," "see," and other similar words or phrases. Forward-looking statements include, without limitation, all matters that are not historical facts. Examples of forward-looking statements include, among others, statements we make regarding operating performance, events, or developments that we expect or anticipate will occur in the future, including statements relating to our outlook, revenue growth, earnings, earnings-per-share growth, and similar projections.
Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations, and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy, and other future conditions. Because forward-looking statements relate to the future, they are subject to known and unknown uncertainties, risks, changes in circumstances, and other factors that are difficult to predict, many of which are outside our control. Our actual performance and outcomes, including without limitation, our actual results and financial condition, may differ materially from those indicated in or suggested by the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following:
our ability to keep pace with changes in technology or provide timely enhancements to our solutions and support;risks related to our use of artificial intelligence ("AI") and new technologies in our business;software defects, undetected errors, and development delays for our solutions;the possibility of cyberattacks, security vulnerabilities or Internet disruptions, including data security and privacy leaks, and data loss and business interruptions;the possibility of failure of our business continuity plan during a catastrophic event;the failure of third-party service providers to perform their functions;the possibility that we may be exposed to additional risks related to our co-employment relationship with our PEO business;changes in health insurance and workers’ compensation insurance rates and underlying claim trends;risks related to acquisitions and the integration and performance of the businesses we acquire;our clients’ failure to reimburse us for payments made by us on their behalf;the effect of changes in government regulations mandating the amount of tax withheld or the timing of remittances;our failure to comply with covenants in our corporate bonds and debt agreements;changes in our credit ratings;changes in governmental regulations, laws, and policies;our ability to comply with U.S., state, and foreign laws and regulations;our compliance with data privacy and AI laws and regulations;our failure to protect our intellectual property rights;potential outcomes related to pending or future litigation matters;the impact of macroeconomic factors on the U.S. and global economy, and in particular on our small- and medium-sized business clients;volatility in the political, market, and economic environment, including inflation and interest rate changes;our ability to attract and retain qualified people; andthe possible effects of negative publicity on our reputation and the value of our brand. Any of these factors, as well as such other factors as discussed in our SEC filings, could cause our actual results to differ materially from our anticipated results. The information provided in this document is based upon the facts and circumstances known as of the date of this press release, and any forward-looking statements made by us in this document speak only as of the date on which they are made. Except as required by law, we undertake no obligation to update these forward-looking statements after the date of issuance of this press release to reflect events or circumstances after such date, or to reflect the occurrence of unanticipated events.
PAYCHEX, INC.
CONSOLIDATED STATEMENTS OF INCOME (Unaudited)
(In millions, except per share amounts) Three months ended Twelve months ended May 31, May 31, 2026 2025 Change(2) 2026 2025 Change(2)Revenue: Management Solutions $1,183.6 $1,041.8 14% $4,867.9 $4,067.1 20%PEO and Insurance Solutions 369.7 340.3 9% 1,433.2 1,342.9 7%Total service revenue 1,553.3 1,382.1 12% 6,301.1 5,410.0 16%Interest on funds held for clients(1) 52.2 45.2 15% 210.9 161.7 30%Total revenue 1,605.5 1,427.3 12% 6,512.0 5,571.7 17%Expenses: Cost of service revenue 417.3 393.9 6% 1,674.5 1,540.4 9%Selling, general and administrative expenses 583.5 602.3 (3)% 2,327.0 1,823.6 28%Total expenses 1,000.8 996.2 0% 4,001.5 3,364.0 19%Operating income 604.7 431.1 40% 2,510.5 2,207.7 14%Interest expense (64.7) (63.7) n/m (269.5) (105.4) n/m Other income, net(1) 14.2 21.9 (35)% 69.9 73.6 (5)%Income before income taxes 554.2 389.3 42% 2,310.9 2,175.9 6%Income taxes 133.6 92.1 45% 550.8 518.6 6%Net income $420.6 $297.2 41% $1,760.1 $1,657.3 6% Basic earnings per share $1.18 $0.82 44% $4.90 $4.60 7%Diluted earnings per share $1.17 $0.82 43% $4.89 $4.58 7%Weighted-average common shares outstanding 357.6 360.3 358.9 360.2 Weighted-average common shares outstanding, assuming dilution 358.2 362.3 360.0 362.0 (1) Further information on interest on funds held for clients and other income, net, and the short- and long-term effects of changing interest rates can be found in our filings with the SEC, including our Quarterly Reports on Form 10-Q and our Annual Report on Form 10-K, as applicable, under the caption "Management’s Discussion and Analysis of Financial Condition and Results of Operations" and subheadings "Results of Operations" and "Market Risk Factors." These filings are accessible at https://investor.paychex.com.
(2) Percentage changes are calculated based on unrounded numbers.
n/m – not meaningful
PAYCHEX, INC.
CONSOLIDATED BALANCE SHEETS (Unaudited)
(In millions, except per share amounts)
May 31, 2026 2025 ASSETS Cash and cash equivalents $1,088.2 $1,628.6 Restricted cash 52.8 47.9 Corporate investments 36.3 34.5 Interest receivable 36.1 27.9 Accounts receivable, net of allowance for credit losses 1,507.6 1,330.5 PEO unbilled receivables, net of advance collections 664.2 616.6 Prepaid income taxes 11.2 38.9 Prepaid expenses and other current assets 384.7 378.3 Current assets before funds held for clients 3,781.1 4,103.2 Funds held for clients 4,832.2 4,813.3 Total current assets 8,613.3 8,916.5 Property and equipment, net of accumulated depreciation 588.9 511.5 Operating lease right-of-use assets, net of accumulated amortization 63.9 63.8 Intangible assets, net of accumulated amortization 1,684.0 1,947.3 Goodwill 4,527.4 4,514.1 Long-term deferred costs 555.8 482.4 Other long-term assets 141.2 128.5 Total assets $16,174.5 $16,564.1 LIABILITIES Accounts payable $154.8 $129.8 Accrued corporate compensation and related items 162.1 183.9 Accrued worksite employee compensation and related items 844.8 735.8 Short-term debt — 18.6 Long-term debt, net, current portion — 399.8 Accrued income taxes 87.8 — Deferred revenue 69.4 69.4 Other current liabilities 637.1 552.0 Current liabilities before client fund obligations 1,956.0 2,089.3 Client fund obligations 4,884.6 4,867.0 Total current liabilities 6,840.6 6,956.3 Accrued income taxes 140.5 119.0 Deferred income taxes 543.3 444.7 Long-term debt, net 4,556.1 4,548.4 Operating lease liabilities 52.2 55.5 Other long-term liabilities 306.7 312.2 Total liabilities 12,439.4 12,436.1 STOCKHOLDERS’ EQUITY Common stock, $0.01 par value; Authorized: 600.0 shares;
Issued and outstanding: 355.6 shares as of May 31, 2026
and 360.5 shares as of May 31, 2025 3.6 3.6 Additional paid-in capital 1,975.6 1,901.1 Retained earnings 1,805.8 2,277.0 Accumulated other comprehensive loss (49.9) (53.7)Total stockholders’ equity 3,735.1 4,128.0 Total liabilities and stockholders’ equity $16,174.5 $16,564.1 PAYCHEX, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)
(In millions)
Twelve months ended May 31, 2026 2025 OPERATING ACTIVITIES Net income $1,760.1 $1,657.3 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 442.6 209.5 Amortization of discounts and premiums on available-for-sale securities, net (7.6) 23.4 Amortization of deferred contract costs 249.2 236.5 Stock-based compensation costs 96.1 111.8 Provision for/(Benefit from) deferred income taxes 103.7 (15.8)Provision for allowance for credit losses 38.1 24.2 Net realized (gains)/losses on sales of available-for-sale securities (7.6) 0.4 Net realized losses on disposal of assets 6.2 3.7 Premiums paid on cash flow hedges — (19.2)Changes in operating assets and liabilities: Interest receivable (8.2) (3.8)Accounts receivable and PEO unbilled receivables, net (105.8) (130.7)Prepaid expenses and other current assets 40.0 (12.0)Accounts payable and other current liabilities 291.4 42.3 Deferred costs (342.5) (246.5)Net change in other long-term assets and liabilities 3.9 21.9 Net change in operating lease right-of-use assets and liabilities (2.9) (2.1)Net cash provided by operating activities 2,556.7 1,900.9 INVESTING ACTIVITIES Purchases of available-for-sale securities (12,226.2) (14,302.9)Proceeds from sales and maturities of available-for-sale securities 11,517.6 14,292.5 Net change in purchased receivables (166.1) (157.3)Purchases of property and equipment (234.9) (191.8)Acquisition of businesses, net of cash acquired (0.4) (2,967.5)Purchases of other assets (42.4) (29.8)Net cash used in investing activities (1,152.4) (3,356.8)FINANCING ACTIVITIES Net change in client fund obligations 17.6 (290.7)Net proceeds from short-term borrowings (18.8) — Payments on long-term debt (400.0) — Proceeds from the issuance of corporate bonds — 4,180.9 Dividends paid (1,589.6) (1,448.5)Repurchases of common shares (611.0) (104.5)Debt issuance costs — (47.8)Activity related to equity-based plans (52.0) 3.8 Net cash (used in)/provided by financing activities (2,653.8) 2,293.2 Net change in cash, restricted cash, and equivalents (1,249.5) 837.3 Cash, restricted cash, and equivalents, beginning of fiscal year 2,734.3 1,897.0 Cash, restricted cash, and equivalents, end of fiscal year $1,484.8 $2,734.3 Reconciliation of cash, restricted cash and equivalents Cash and cash equivalents $1,088.2 $1,628.6 Restricted cash 52.8 47.9 Restricted cash and restricted cash equivalents included in funds held for clients 343.8 1,057.8 Total cash, restricted cash, and equivalents $1,484.8 $2,734.3
Paychex ve 4. čtvrtletí překonal odhady díky EPS ve výši 1,32 USD a tržbám 1,61 miliardy USD. Akcie ale klesly asi o 2 % v ranním obchodování kvůli výhledu na fiskální rok 2027.
Paychex Inc (NASDAQ:PAYX) reported fiscal fourth quarter results that exceeded Wall Street expectations, though shares slipped about 2% in early trading as investors focused on the company’s fiscal 2027 guidance.
For the quarter ended May 31, Paychex reported adjusted diluted earnings per share of $1.32, slightly ahead of analyst estimates of $1.31.
Revenue rose 12% year over year to $1.61 billion, also topping consensus expectations of $1.60 billion.
For fiscal 2026, revenue increased 17% to $6.51 billion, while adjusted diluted earnings per share rose 11% to $5.51.
Paychex said growth in the quarter was supported in part by its acquisition of Paycor HCM, completed in April 2025, which contributed roughly eight percentage points to Management Solutions revenue growth.
That segment rose 14% to $1.2 billion, while Professional Employer Organization (PEO) and Insurance Solutions revenue increased 9% to $369.7 million. Interest on funds held for clients climbed 15% to $52.2 million.
“We finished fiscal 2026 with strong momentum, delivering double-digit revenue and earnings growth while accelerating organic revenue growth throughout the year,” Paychex CEO John Gibson said in a statement.
He pointed to the integration of Paycor and continued investment in artificial intelligence, including the rollout of the company’s WISE AI-powered intelligence engine.
For 2027, Paychex expects total revenue to grow 5% to 6% in fiscal 2027, with Management Solutions revenue also rising 5% to 6% and PEO and Insurance Solutions revenue increasing 6% to 7%.
The company projects interest on funds held for clients of $195 million to $205 million and an effective tax rate of approximately 24%.
Adjusted operating margin is expected to be about 44%, while adjusted diluted earnings per share are projected to increase 7% to 9%, implying a range of roughly $5.90 to $6.01 per share.
The outlook was broadly in line with analyst expectations, though investors appeared cautious on the growth trajectory, contributing to the stock’s modest decline.
Baker Hughes a Mantle Reach Power uzavřely dohodu o urychlení rozvoje geotermální energie v Severní Americe. Cílem je instalace až 500 MW během příštích pěti let.
Collaboration aims to remove historical hurdles to scaling geothermal energy, targets installation of up to 500 megawatts of power in the next five yearsProjects will utilize Baker Hughes’ integrated portfolio of scalable, lower-carbon energy solutions HOUSTON and LONDON, June 24, 2026 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, and Mantle Reach Power, a dedicated geothermal development company backed by EnCap Energy Transition Fund III, announced Wednesday a new commercial agreement to facilitate the economically viable, financially sustainable large-scale deployment of geothermal energy in North America.
The agreement underscores the parties’ shared commitment to advance the next generation of clean and reliable baseload power needed to meet the demand driven by electrification and the rapid growth of artificial intelligence and hyperscale computing – which require reliable, around-the-clock energy.
Under this pioneer arrangement, Baker Hughes will act as an integrated subsurface solution provider, while Mantle Reach Power – drawing on EnCap’s deep bench of power and E&P expertise – will lead project development, ownership and financing. One of the most experienced energy investment platforms in North America, EnCap Investments has approximately $47 billion raised across 25 institutional funds. By combining Baker Hughes’ integrated subsurface and surface technologies with Mantle Reach Power’s geothermal development capabilities, the collaboration aims to dramatically accelerate project development and execution, optimize risk allocation, and materially enhance pre-construction bankability – historically one of the most significant barriers to scaling geothermal energy.
The phased structure of the agreement integrates advanced technologies applicable to geothermal development, construction and operation, and supports the delivery of secure and renewable energy capacity. As the projects materialize, Baker Hughes anticipates it will provide its comprehensive portfolio of subsurface technologies, surface power generation and digital solutions to help de-risk, build and deliver up to 500MW of installed capacity, providing geothermal energy at an industrial scale and on competitive terms.
“Geothermal is a clean power solution that is proving to be a vital contributor to advancing sustainable energy development, with incredible potential to enhance U.S. energy security, support digital infrastructure, and ensure energy remains accessible and affordable. We are proud that Baker Hughes’ integrated portfolio can help de-risk and deliver the technology and solutions required to provide reliable, affordable and clean energy,” said Baker Hughes Chairman and CEO Lorenzo Simonelli. “Today’s announcement celebrates the commercial architecture the industry has been missing: a repeatable, financeable model that can be deployed at the speed and scale to meet global energy demands.”
“By aligning development capital, project finance expertise, and world-class technology, this collaboration addresses the fundamental challenges that have prevented large amounts of private capital from participating in geothermal deployment,” said Tim Rebhorn, Managing Partner, EnCap Energy Transition. “Together, we are creating a scalable model capable of delivering clean, firm power to the markets that need it most.”
“Integrating Baker Hughes’ subsurface-to-surface expertise with our capabilities in project development, finance, and execution positions Mantle Reach Power to commercialize geothermal assets at scale,” said Nick Karambelas, CEO of Mantle Reach Power. “This structure provides the construction and operating certainty necessary to access conventional project financing and accelerate our growth as an independent power producer.”
About Baker Hughes
Baker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com.
About EnCap Investments
Since 1988, EnCap Investments has been a leading provider of growth capital to the independent sector of the U.S. energy industry. The firm has raised 25 institutional investment funds totaling approximately $47 billion and currently manages capital on behalf of more than 350 U.S. and international investors. Founded in 2019, the EnCap Energy Transition platform is led by three Managing Partners, each with 30-35 years of experience in the development and operations of renewables and power generation. For more information, see encapinvestments.com.
About Mantle Reach Power
Mantle Reach Power is an independent power producer that develops, owns, and operates geothermal power projects across North America. The company is advancing a scalable, financeable portfolio to deliver clean, firm power to the grid. Mantle Reach Power is a portfolio company of EnCap Energy Transition Fund III.
Baker Hughes získal od AGPC dlouhodobou servisní zakázku pro nigerijský závod ANOH Gas Processing Plant. Součástí je údržba, inženýrská podpora a digitální řešení iCenter pro vzdálený monitoring.
Key Takeaways Baker Hughes secured a lifecycle services contract for Nigeria's ANOH Gas Processing Plant.The agreement covers maintenance, engineering support & iCenter digital solutions for critical turbomachinery.Baker Hughes will deploy remote monitoring technology to improve reliability and reduce operational downtime. Baker Hughes Company (BKR - Free Report) secured a long-term service agreement from ANOH Gas Processing Company (“AGPC”) to provide comprehensive lifecycle and digital services for the ANOH Gas Processing Plant in Nigeria, strengthening its revenue stream and expanding its presence in Africa's natural gas market. The contract covers maintenance, repairs, engineering support and the deployment of Baker Hughes' iCenter digital solutions for critical turbomachinery equipment, including two NovaLT16 gas turbines previously supplied by the company.
The agreement builds on Baker Hughes' longstanding relationship with AGPC. In 2019, BKR supplied an integrated power island solution for the ANOH facility, including compressors, gears and two NovaLT 16 gas turbines, which were the first to be deployed in Sub-Saharan Africa. By securing equipment and long-term service contracts, BKR is able to strengthen its business model by generating additional cash flows while deepening customer relationships over the lives of its assets.
A key component of the contract is the deployment of Baker Hughes' iCenter digital platform powered by Cordant, which provides remote monitoring and diagnostics capabilities. These digital solutions are expected to improve equipment reliability, optimize plant performance and reduce operational downtime, enhancing the value of BKR’s industrial and energy technology portfolio.
The award also strengthens Baker Hughes' strategic position in Nigeria, where natural gas development remains a national priority. The ANOH Gas Processing Plant is critical part of Nigeria's efforts to expand domestic gas supply, support power generation and encourage a transition toward cleaner-burning fuels. Services will be delivered through BKR’s Port Harcourt service center, reinforcing its local presence and regional expertise.
This award boosts Baker Hughes’ cash flow and exposure to natural gas infrastructure. The agreement not only solidifies BKR’s customer base and earnings visibility but also enhances investor appeal by highlighting strong demand for its digital solutions.
Baker Hughes currently carries a Zacks Rank #3 (Hold).
The business models of BKR and other players providing oilfield services to upstream companies are closely linked to the capital spending of upstream players. With West Texas Intermediate (“WTI”) crude prices trading above the $70-per-barrel mark and Brent prices trading above the $75-per-barrel mark, according to oilprice.com, players like Vista Energy, S.A.B. de C.V. (VIST - Free Report) , YPF Sociedad Anónima (YPF - Free Report) and W&T Offshore, Inc. (WTI - Free Report) , which have a presence in upstream operations, are benefiting from elevated crude prices. WTI and VIST currently carry a Zacks Rank #2 (Buy), whereas YPF sports a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Vista operates 205,600 acres within Argentina's Vaca Muerta formation, one of the world's premier shale basins. Supported by this massive footprint, VIST expects its production to reach 200 thousand barrels of oil equivalent per day by 2030.
Argentina’s integrated energy company YPF has an extensive footprint in the Vaca Muerta formation to fuel production growth. YPF anticipates increased spending and activity in the coming quarters to bolster oil and gas production in the second half of 2026.
W&T Offshore’s robust offshore footprint in the Gulf of America spans approximately 605,000 acres and supports a large reserve base. WTI's 1P and 2P reserves provide 20 years of production potential and resource longevity.
Trident oznámil v Preview SW průřez 1,32 g/t zlata na 132,0 m včetně 2,85 g/t na 40,32 m. Výsledky potvrzují potenciál ložiska pro vysokou i objemovou produkci.
Vancouver, BC, June 23, 2026 (GLOBE NEWSWIRE) -- Trident Resources Corp. (TSXV: ROCK) (OTCQB: TRDTF) (Frankfurt: 6BP0) (“Trident” or the “Company”) is pleased to announce inaugural assay results from eleven diamond drill holes completed during the 2026 winter drill program at the Preview South West Deposit, part of the Company's Contact Lake Gold Project in northern Saskatchewan. Preview Southwest is a cornerstone asset and target area within Trident's emerging district-scale exploration strategy in the La Ronge Gold Belt, one of Canada's up and coming premier mining jurisdictions. Together with the Contact Lake Deposit and several additional prospective target areas within a defined structural corridor, Preview Southwest forms part of a growing regional portfolio of deposits and targets that demonstrate the potential for significant resource expansion and new discoveries.
The results reported today highlight the opportunity to further define and expand mineralization at Preview Southwest while advancing Trident's broader objective of building a substantial gold camp within the La Ronge Gold Belt. These initial results reinforce management's confidence in the growth potential of both the Preview Southwest Deposit and the Company's other key assets within the broader regional land package, including the Preview North, North Lake, and Greywacke gold deposits.
Contact Lake Gold Property Map:
http://www.tridentresourcescorp.com/_resources/maps/contact-lake-property-map.jpg
Highlights:
Hole PR26004 returned 1.32 g/t gold (Au) over 132.0m from 22.00m including 2.85 g/t Au over 40.32m from 22.00m including 101.00 g/t Au over 1.00m from 37.00m Hole PR26006 returned 1.53 g/t Au over 51.00m from 275.00m including 2.75 g/t Au over 24.72m from 284.88m Hole PR26007 returned 1.08 g/t Au over 77.59m from 120.91m The Preview Trend represents a string of mineralized bodies within a localized trend, with mineralization located close to surface; the Company intends to test the potential for additional mineralization along strike The summer 2026 drill program has recently commenced and will continue into the fall with an anticipated +20,000m of additional drilling “The Preview Southwest results announced today represent the first holes drilled by Trident at the target area and mark a pivotal milestone in our pursuit to unlock the full value of the La Ronge Gold Belt,” stated Jonathan Wiesblatt, CEO of Trident Resources. “Preview is not just an exploration target; it is one of several cornerstone assets in a district-scale structural play that we believe has the potential to expand our existing mineral resource base. The continuity and consistency we are seeing at Preview SW, combined with the clear geological link to the high-grade Contact Lake mineralizing system, reinforces our conviction that there is substantial high-value resource growth ahead across our property package. Building on very successful fall 2025 and winter 2026 drill campaigns, we have launched a +20,000 metre summer drilling program at the Contact Lake Gold Project, with a primary focus on expanding the Contact Lake deposit while also growing the Preview SW deposit. With approximately $26 million in cash on our balance sheet, Trident is well funded to execute aggressively on this program and to continue converting our exploration success into high-value gold ounces for our shareholders.”
Summary of Drilling:
The Preview Trend spans over 7.0km and hosts the Preview SW and Preview North deposits in addition to five other distinct gold-bearing zones. Preview SW and Preview North host current Mineral Resource Estimates that together contain over 350,000 oz Au in the Indicated category and 540,000 oz Au in the Inferred category (see Trident news release November 24, 2025). The Preview SW deposit is located 2.5km SE of the Contact Lake deposit and past producing mine within in a parallel shear zone. Though currently being advanced as a lower-grade, bulk-tonnage deposit, high-grade mineralization has been encountered historically in drilling, with previous operators reporting 633.61 g/t Au over 4.08m, including 1,123.25 g/t Au over 2.30m including 4279.00 g/t Au over 0.6m (Comstock Resources news release March 4, 2013)*.
*The drill results reported above are historical in nature and were completed by previous operators on the property. A Qualified Person (QP) has not completed sufficient work to verify these historical drilling results, as the original core, assay certificates, split samples, and quality assurance/quality control (QA/QC) protocols from these programs are either partially unavailable or have not yet been fully audited. Accordingly, these historical results are unverified and should not be relied upon.
Mineralization along the Preview Trend is interpreted to be directly related to the mineralizing system at the nearby Contact Lake deposit, reinforcing the Company’s view that the entire La Ronge Gold Belt corridor represents a cohesive, district-scale structural play with substantial high-value gold ounce growth potential.
Trident’s inaugural drill program at Preview SW was a follow-up to the current MRE that was completed in November 2025. (Trident Resources Corp. - News)
Table 1: Mineral Resource Estimate
Class.DepositIn Situ Tonnage and GradeAu MetalTonnageAu(ktonnes)(gpt)(kOz)IndicatedNorth Lake16,4100.89469.7Preview SW6,3691.537314.7Preview North9331.35940.8Greywacke1,0212.17471.4Total24,7331.127896.5InferredNorth Lake20,6660.724481.3Preview SW14,8311.115531.9Preview North3660.6287.4Greywacke2,7321.242109.1Total38,5950.911,129.60 Notes to the Resource Estimate Tables:
The Mineral Resource Estimates was completed by Sue Bird, P.Eng., with an effective date of November 6, 2025.The Mineral Resource Estimate for all four deposits have been confined by an open pit with “reasonable prospects of eventual economic extraction” using the following assumptions: Metal price of US$2,600/oz Au;Payable metal of 99% for Au;Offsite costs (TC/RC/Transport) for Au of US$5.80/oz;Pit slopes are 45 degrees;Mining cost of mineralized material of CDN$2.56/t and CDN$2.40/t for waste, and;Processing costs of CDN$15.60/t with G&A costs of CDN$7.20/t. Metallurgical recoveries are 90% for all deposits.Forex = 0.72 $US:$CDNThe NSR equation is: NSR (CDN$/t) = (Au*90%*CDN$114.68/g)The specific gravity for each deposit and lithologies or domains ranges from 2.40 to 2.91.Numbers may not add due to rounding. The winter drill phase at Preview comprised 3,142.0m in eleven holes. Eight of the holes were collared at the Preview SW deposit and three were drilled at Preview Zone C, an under-explored area that is located 1.5km NE of Preview SW and 600m SW of Preview North. Drilling at Zone C confirmed that significant gold mineralization is present along the entire Preview Trend. The eight drill holes at Preview SW were designed to both infill and expand the current pit-constrained resource area. Drilling confirmed that material gold mineralization is present below and along the margins of the currently defined limits of the deposit, which remains open for expansion in all directions.
Gold mineralization is structurally controlled in quartz veins within or on the margin of sheared diorite sills, which extend 5.2km along the trend. Both Preview SW and Preview North are comprised of multiple sub-parallel shear structures that bifurcate and merge along their length and are persistent at depth.
The Contact Lake Gold Project covers approximately 22,790 hectares and includes the past-producing Contact Lake gold mine, which produced approx. 190,000 ounces of gold at an average head grade of 6.16 g/t Au during active mining operations between 1994 to 1998. At the time of mine closure, the price of gold hovered around USD $300/oz and Cameco Corporation reported that substantial gold resources were left unmined. Situated in the highly prospective La Ronge Gold Belt of Saskatchewan, the Contact Lake Property also hosts the Preview SW, Preview North and the North Lake orogenic gold deposits.
Along with the Greywacke North deposit (located by road 40km northeast of Contact Lake), these four deposits are wholly-owned by Trident Resources and together comprise a current Mineral Resource of more than 2.0 million ounces of gold. These estimates are supported by Mineral Resource Estimates (Trident news release November 24, 2025) which do not include any gold-related ounces from the past-producing Contact Lake target area. Trident believes that significant additional high-value resource growth opportunities exist across all of its assets, and that the Contact Lake Gold Project as a whole — anchored by Contact Lake and advanced by Preview — represents one of the most compelling development opportunities in the La Ronge Gold Belt.
Quality Assurance and Quality Control:
All drill core is logged, photographed and cut in half with a diamond saw. Half of the core is placed in sealed poly bags with unique identification numbers and transported to ALS Global in Saskatoon, Saskatchewan for analysis, while the other half is archived and stored on site for verification and reference purposes.
At the lab, samples are received and digitally recorded then dried and pulverized into a fine powder. Gold is assayed using a 30g fire assay method and 49 additional elements are analyzed by Inductively Coupled Plasma (ICP) utilizing a 4-acid digestion. Secondary metallic screen analyses are performed on select mineralized zones and all samples that return >3 g/t Au to quantify the nugget effect of the gold mineralization. Quality Assurance and Quality Control (QAQC) samples including field blanks, duplicates and lab-certified standards are inserted in the sample stream at a rate of greater than 10% of all samples submitted to the lab. ALS Global also conducts their own internal QAQC protocol.
Table 1: Drill Hole Assay Highlights at Preview Trend
Hole IDFrom (m)To (m)Width (m)Au Grade (g/t)PR2600156.0058.002.004.33PR2600225.5036.0010.502.17and63.0072.309.300.85and114.75131.0016.250.73PR26003no significant assay intervals to reportPR2600422.00154.00132.001.32including22.0062.3240.322.85including37.0038.001.00101.00including95.38154.0058.621.01PR2600524.00114.0090.000.31including24.0037.0013.000.69including65.4786.5021.030.33including107.40114.006.601.54PR26006161.00326.00165.000.96including161.00232.0071.001.09including275.00326.0051.001.53including180.50202.0021.502.52including284.88309.6024.722.75PR26007120.91198.5077.591.08including120.91221.00100.090.95including120.91269.00148.090.75PR26008119.00158.0039.001.17including142.00152.5010.502.99including152.00152.500.5030.10and194.50218.0023.500.79including194.50203.008.501.77PR26009160.50234.5074.000.55including160.50194.0033.500.83PR26010315.50350.0034.500.72including345.50348.503.003.95PR2601179.00117.0038.001.14including79.0094.0015.002.48 * Widths are drilled intercepts, true widths have not been determined. Gold values are length-weighted averages.
Table 2: Drill Hole ID at Preview Trend
Hole IDEastingNorthingAzimuthDipDepth (m)Elev. (m)PR260015108956140557130-45317405PR260025109066140600130-45302405PR260035108386140546130-45302405PR260045099776139192110-45239394PR260055100466139220110-44164396PR260065098936139307110-48353397PR26007509907613937697-46341391PR260085099076139376110-47338392PR260095099566139439110-58236393PR260105099466139549110-48365398PR260115102116139686110-45185386 * UTM Zone 13 NAD 83
Qualified Person:
The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed and approved by Cornell McDowell, P.Geo., VP Exploration for Trident Resources and the Qualified Person for Trident as defined by NI 43-101.
About Trident Resources Corp.
Trident Resources Corp. is a Canadian, public mineral exploration company listed on the TSX Venture Exchange focused on the acquisition and development of advanced-stage gold exploration projects in Saskatchewan, Canada. The Company is drilling at its 100% owned Contact Lake and Greywacke Lake projects, which together host a current mineral resource of more than 2.0 million ounces of gold within the highly prospective La Ronge Gold Belt. The Company also holds the 100% owned Knife Lake copper project which contains a historical copper resource.
To find out more about Trident Resources Corp. (TSX-V: ROCK) visit the Company’s website at www.tridentresourcescorp.com.
TRIDENT RESOURCES CORP.
“Jon Wiesblatt”
Jonathan Wiesblatt
CEO and Director
For further information, please contact:
Jonathan Wiesblatt, Chief Executive Officer
Email: [email protected]
Or:
Andrew J. Ramcharan, PhD, P.Eng., SVP Corporate Communications
Email: [email protected]
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
Forward-Looking Information
This news release contains “forward‐looking information or statements” within the meaning of applicable securities laws, which may include, without limitation, completing ongoing and planned work on its projects including drilling and the expected timing of such work programs, other statements relating to the technical, financial and business prospects of the Company, its projects and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of uranium, the ability to achieve its goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including the risks and uncertainties relating to the interpretation of exploration results, risks related to the inherent uncertainty of exploration and cost estimates and the potential for unexpected costs and expenses, and those filed under the Company’s profile on SEDAR+ at www.sedarplus.ca. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, adverse weather or climate conditions, failure to obtain or maintain all necessary government permits, approvals and authorizations, failure to obtain or maintain community acceptance (including First Nations), decrease in the price of uranium and other metals, increase in costs, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law.
Jabil ve fiskálním 3. čtvrtletí zvýšil tržby téměř o 12 % na 8,8 miliardy USD a upravený zisk na akcii vzrostl na 3,16 USD. Firma zároveň zvedla výhled tržeb na 35 miliard USD.
Jabil NYSE: JBL is perfectly positioned for the AI supercycle, and its stock price looks poised to continue rising for years. The thesis begins with Jabil’s position as a manufacturing specialist for mega tech companies. It designs, builds, and manages complex hardware manufacturing supply chains across industries, providing infrastructure, engineering, and logistics. The thesis is strengthened by catalysts such as AI, U.S. expansion, client utility, and the AI virtuous cycle.
Jabil Today
$382.10 +9.11 (+2.44%)
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52-Week Range$189.60▼
$428.93Dividend Yield0.08%
P/E Ratio47.74
Price Target$453.67
The AI boom drives demand for servers, photonics, and liquid-cooling systems today, and for products from infrastructure to IoT-connected devices long into the future.
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Client utility is evident in its services and footprint, which includes more than 100 facilities in over 25 countries, enabling highly localized and resilient supply chain solutions.
Finally, there is the AI virtuous cycle. A virtuous cycle is when the output of new technology leads to improvements throughout the system and technological advancement.
As it stands, Jabil is implementing AI and automation throughout its operations, increasing efficiency and capabilities and advancing technology.
Jabil Sends Signal: Outperformance in Q1 and Robust GuidanceJabil had a solid fiscal Q3, with revenue growing nearly 12% to $8.8 billion, topping consensus estimates of $8.61 billion.
Growth was underpinned by datacenter and AI strength, which management says improved meaningfully, as well as by improvements in other previously underperforming segments, such as Automotive and Connected Living.
Margin news was also bullish. The company widened gross and net margins despite input cost pressures and increased R&D. Net margin rose to 3.1% and adjusted earnings per share (EPS) came in at $3.16, up 24% from last year and 6 cents better than expected. Free cash flow was also solid, up abour 22% year-to-date (YTD) and sufficient to support aggressive share repurchases.
The best news in the fiscal Q3 release was the guifdance, which indicated that strength would persist into the subsequent fiscal year. Executives set aggressive targets for fiscal Q4, well above the consensus, and lifted their forecast for the year. As it stands, revenue is forecast at $35 billion, up more than 15% year-over-year and 200 bps above MarketBeat’s reported consensus, with execs “feeling good” about the setup for next year.
Jabil’s Capital Return Keeps Institutions and Analysts InterestedJabil’s free cash flow is a significant factor as it enables aggressive share buybacks. The company targets using 80% of free cash flow for buybacks, which has amounted to over $800 million so far during its fiscal year, The trailing 12-month (TTM) activity reduced the count by 2.55% on average for the quarter and 3.85% for the YTD period, providing significant leverage for investors.
The only downside is that aggressive buyback activity is reflected on the balance sheet, revealing diminished cash and reduced equity at Q3’s end. The offset, however, is that investments, contract assets, and receivables all increased, indicating Q3’s cash reduction is no problem for shareholders.
Jabil’s analyst trends reveal a triple-strength sentiment tailwind is in place, including increased coverage, firming sentiment with an 82% Buy-side bias, and an uptrend in price targets. While consensus lags the market as of mid-June 2026, it is up more than 100% on a TTM basis, with recent targets pushing the high end. It stands at around $430, implying a more than 15% upside.
Institutional activity is likewise bullish. They own more than 90% of the stock and have been accumulating shares. The TTM balance is approximately $ 1.50 to $1 and may strengthen as the fiscal year-end approaches.
Jabil Pulls Back: Buy the Dip?Jabil’s stock price action surged ahead of the release, indicating an optimistic market anticipating strength. The caveat is that JBL’s price action peaked and may continue to pull back in June. Expected strength amounts to a sell-the-news event, and it will be several more weeks until Jabil’s leading clients begin reporting.
The likely outcome is that subsequent reports from Jabil and its clientele will affirm the robust outlook and trigger a trend-following signal in this market. Support targets include $370 and $355, either of which may trigger the signal.
Jabil’s biggest risk this year is its valuation. Trading at over 30x, JBL is at historically high levels, pricing in solid growth. This leaves the company open to executional risk as production ramps up and to stock price volatility. Any delays, missteps, or changes to fundamental outlook will be reflected in the stock's price. Additionally, a sluggish recovery in legacy markets may offset AI strengths.
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Atlassian ve třetím fiskálním čtvrtletí zvýšila tržby o 32 % a cloudové tržby o 29 %, zatímco Microsoft rostl pomaleji. TEAM za tři měsíce přidal 17 % a MSFT klesl o 1,4 %.
Key Takeaways Atlassian and Microsoft are competing in collaboration software as AI productivity adoption rises.TEAM has outpaced MSFT over three months, helped by cloud growth and stronger enterprise demand.Microsoft offers scale and profitability, but Atlassian holds advantages in growth and valuation. Atlassian (TEAM - Free Report) and Microsoft (MSFT - Free Report) are two prominent players in the collaboration software market, helping organizations improve productivity, communication and workflow management. Atlassian is best known for Jira and Confluence, widely used by software developers and project teams. At the same time, Microsoft offers a broad productivity ecosystem that includes Teams, Microsoft 365 and other enterprise collaboration tools.
The two companies share a common focus on enabling workplace collaboration, making them natural rivals or peers for comparison. As organizations continue investing in digital transformation and AI-driven productivity solutions, both companies are expanding the scope of their platforms by incorporating new automation and artificial intelligence capabilities.
Comparing Atlassian and Microsoft offers insight into two distinct approaches to the collaboration software market — Atlassian as a focused workflow and project-management specialist, and Microsoft as a diversified technology leader with an integrated productivity ecosystem. For investors looking to capitalize on the increasing adoption of workplace collaboration and AI-powered productivity solutions, the question becomes: Which stock offers the better investment opportunity? Let's find out.
The Case for TEAMAtlassian remains one of the strongest workplace collaboration and productivity software companies, benefiting from its broad platform spanning Jira, Confluence, Loom, Jira Service Management and AI-powered Rovo. The company’s key strength lies in its “System of Work” strategy, which connects work, knowledge, people and code through its Teamwork Graph, creating a unified collaboration platform that becomes more valuable as customers adopt additional products. Enterprise adoption remains strong, with large organizations such as Siemens Energy, BBC, Rheinmetall and Wayfair expanding their commitments. Service Collection, which includes Jira Service Management, Assets and Rovo, surpassed $1 billion in ARR and is growing more than 30% year over year, reflecting increasing demand for AI-powered service management solutions.
Growth opportunities are being driven by AI monetization, enterprise expansion and cross-selling. Rovo users are growing ARR at roughly twice the rate of non-Rovo customers, while AI credit usage continues to rise more than 20% month over month. Teamwork Collection customers also use about two times more AI credits and agents than comparable standalone customers. Atlassian recently expanded AI capabilities through Agent Orchestration in Jira, Rovo Dev, Rovo Service and deeper Google Cloud Gemini integration, enabling enterprises to deploy AI agents across workflows while maintaining governance and visibility.
Financial performance has been impressive. In third-quarter fiscal 2026, revenues surged 32% year over year and cloud revenues increased 29%. Remaining performance obligations (RPO) climbed 37% to nearly $4 billion, reflecting strong future demand. Non-GAAP operating margin expanding to 34%, while free cash flow reached $561 million.
Although Atlassian has continued to achieve strong revenue growth, it remains unprofitable on a GAAP basis and has recently undertaken workforce reductions and restructuring measures to fund investments in AI and enterprise sales. The company also faces risks related to integrating recent acquisitions, cybersecurity threats and potential weakness in enterprise IT spending amid economic uncertainty.
The Case for MSFTMicrosoft has established itself as a collaboration software powerhouse, combining Teams, Microsoft 365, Dynamics 365 and Copilot into a unified productivity platform. The company benefits from a deeply integrated platform that combines communication, productivity, workflow automation and AI, creating high switching costs and broad enterprise adoption.
A key growth opportunity is the rapid adoption of AI-powered collaboration. Microsoft’s AI business surpassed a $37 billion annual revenue run rate, growing 123% year over year. The company continues to embed Copilot across Teams, Outlook, Word, Excel and Dynamics, helping customers automate workflows, create content and improve productivity. Microsoft also benefits from its strategic relationship with OpenAI, which accelerates innovation and strengthens its AI-driven collaboration offerings. Recent acquisitions, including Activision and prior enterprise software deals, further enhance ecosystem engagement and cross-selling opportunities.
In third-quarter fiscal 2026, Microsoft’s reported revenues rose 18% year over year, while operating income increased 20%. Productivity and Business Processes revenues, which include Microsoft 365, Teams and Dynamics, rose 17% to $35 billion. Microsoft 365 Commercial cloud revenues increased 19% year over year, Microsoft 365 Consumer cloud revenues grew 33% and Dynamics 365 revenues increased 22%.
Recent June 2026 developments highlight continued momentum. Microsoft expanded Microsoft 365 Copilot capabilities with a redesigned interface, enhanced notebooks, new AI agents and broader integration across productivity applications. The company also announced new Microsoft 365 Business with Copilot offerings and showcased additional AI innovations at Build 2026, reinforcing its leadership in enterprise collaboration and workflow automation.
Challenges include intense competition from Atlassian, Google Workspace, Zoom and Salesforce; rising AI infrastructure spending; regulatory scrutiny; and execution risks in monetizing AI investments. Microsoft invested heavily in data centers and cloud infrastructure, with capital expenditures exceeding $30 billion in the quarter.
Share Price Performance of TEAM & MSFTIn the past three months, TEAM shares have gained 17% against MSFT’s 1.4% decline. Atlassian’s outperformance is backed by faster growth in its collaboration and workflow-management platform, supported by robust cloud revenue expansion, rising enterprise commitments and strong AI adoption.
TEAM Outperforms MSFT
Image Source: Zacks Investment Research
Valuation ComparisonTEAM is currently valued at 2.78X forward 12-month price-to-sales (P/S), compared with 7.17X for Microsoft, suggesting a lower valuation multiple. TEAM’s cheaper valuation indicates strong upside potential if growth remains intact.
TEAM vs. MSFT : Forward 12-Month P/S Valuation
Image Source: Zacks Investment Research
How Do Estimates Compare for TEAM & MSFT?Atlassian is currently witnessing an uptrend in estimate revisions. Earnings estimates for fiscal 2026 have increased 17.09% to $5.48 per share over the past 60 days, while the same for fiscal 2027 has gone up 13.67% to $6.07.
TEAM Estimate Revision Trend
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for MSFT’s fiscal 2026 and 2027 earnings is pegged at $17.33 and $19.28 per share, respectively. The estimates remain in the low single-digit range of 1.11% and 2.61% over the past 60 days.
MSFT Estimate Revision Trend
Image Source: Zacks Investment Research
ConclusionBoth companies are well-positioned to benefit from the rising demand for collaboration software and AI-powered productivity tools. Microsoft remains the safer choice due to its unmatched scale, profitability and leadership in enterprise AI. However, Atlassian currently has the advantage in several key areas, including revenue growth, cloud momentum, earnings estimate revisions, recent stock performance and valuation. For investors seeking higher upside potential in the collaboration software space, TEAM looks like the more compelling bet at current levels.
Currently, TEAM sports a Zacks Rank #1 (Strong Buy), while MSFT carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank stocks here.
Atlassian Service Collection překonala 1 mld. USD v ročních opakovaných tržbách a meziročně roste o více než 30 %. Uživatelé AI řeší problémy o 13 % rychleji a zvládnou o 20 % více případů.
Key Takeaways Atlassian's Service Collection topped $1B in ARR and is growing more than 30% YoY.AI users resolve issues 13% faster and handle 20% more issues than non-AI users on the platform.Salesforce and ServiceNow are intensifying competition with AI-powered service platforms. Atlassian Corporation’s (TEAM - Free Report) Service Collection momentum continues to build, reinforcing the view that the business can remain a key driver of growth in the coming years. The offering surpassed $1 billion in annual recurring revenue (ARR) in the third quarter of fiscal 2026 and is growing more than 30% year over year, making it one of Atlassian’s fastest-growing businesses. Demand remains strong across enterprises, with more than 65,000 customers, including over half of the Fortune 500, relying on the platform for IT, HR, legal, finance and customer service workflows.
The business is benefiting from Atlassian’s expanding AI capabilities. Customers using Service Collection’s AI tools resolve issues 13% faster and handle 20% more issues than non-AI users, while the segment accounts for roughly half of all agentic automation runs across Atlassian’s platform. The integration of Rovo AI and the Teamwork Graph is further enhancing productivity and creating a powerful data flywheel that improves customer outcomes and platform stickiness.
Another encouraging trend is the expansion of Service Collection beyond traditional IT use cases. More than 60% of deployments now support non-IT functions, significantly increasing Atlassian’s addressable market. Recent investments in AI agent orchestration and Rovo-powered service automation further strengthen the platform’s long-term opportunity.
With strong ARR growth, rising enterprise adoption and continued market-share gains, Service Collection appears well-positioned to support Atlassian’s revenue growth in the years ahead. The Zacks Consensus Estimate for TEAM’s fiscal 2026 and 2027 revenues is pegged at $6.46 and $7.32 billion, respectively, indicating year-over-year growth of 23.95% and 13.29%.
Competition Mounts for Atlassian’s Service PlatformSalesforce (CRM - Free Report) is intensifying pressure on Atlassian’s service platform through its AI-powered Service Cloud and Agentforce ecosystem. CRM highlighted strong service adoption, growing AI-driven service deployments and advantages in deep customer data integration. While Atlassian benefits from developer-centric workflows, CRM offers broader customer engagement capabilities and larger enterprise relationships, creating a formidable challenge as organizations consolidate service and support operations.
ServiceNow (NOW - Free Report) is emerging as the most formidable competitor to Atlassian's service management momentum. NOW emphasized its ITSM leadership, AI-native platform, governance controls, workflow automation and vast enterprise context engine. Unlike Atlassian’s collaborative approach, NOW promotes an end-to-end operating system for IT and business workflows. As enterprises seek unified service management and AI orchestration, NOW continues to leverage scale, automation and platform depth to gain share.
TEAM’s Price Performance, Valuation & EstimatesYear to date, TEAM shares have declined 49.9%, substantially underperforming both the Zacks Computer & Technology sector's 14.9% gain and the Internet – Software industry's 16.2% fall.
TEAM’s Price Performance
Image Source: Zacks Investment Research
In terms of valuation, TEAM is trading at a premium, as indicated by its Value Score D. The stock currently trades at a Price-to-Book (P/B) ratio of 23.49x, significantly above the industry average of 4.27x.
TEAM’s Valuation
Image Source: Zacks Investment Research
TEAM's earnings outlook continues to strengthen. The Zacks Consensus Estimate for fiscal 2026 earnings is currently pegged at $5.48 per share, remaining stable over the past month while rising 16.3% in the last 60 days. The projected figure represents a substantial 48.91% increase from the prior year.
EPS Trend of TEAM Stock
Image Source: Zacks Investment Research
TEAM stock currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
CarGurus uvedl, že trh s ojetinami i novými vozy dál vykazuje silnou poptávku. Průměrná cena nového auta vzrostla na 50 900 USD a ceny použitých hybridů dosáhly rekordu 38 800 USD.
BOSTON, June 23, 2026 (GLOBE NEWSWIRE) -- CarGurus, the No. 1 most visited automotive shopping site in the U.S.1, today released its 2026 Mid-Year Review, highlighting a year shaped so far by resilient consumer demand as consumer preferences are pushing new milestones across key segments, from luxury SUVs selling faster than the new vehicle average to used hybrid prices hitting all-time highs.
“The first half of 2026 has been defined by demand holding especially strong at both ends of the price spectrum,” said Kevin Roberts, Director of Economic and Market Intelligence at CarGurus. “At one end, full-size luxury SUVs priced above $80,000 are clearing lots in under 30 days. At the other, almost half of the used cars sold this year were models over 7 years old, with high-mileage trucks priced around $20,000 seeing the largest gains. At the same time, used hybrid prices have hit an all-time high. Buyers have shown they’ll continue to adapt to a market that’s constantly finding new norms.”
Key themes from the report include:
$50,000 has become the norm for new vehicles: The average new car list price reached $50,900 this spring, up 3.3% since December. With the average hovering near this level since 2022, a lasting shift has likely taken hold. Inventory mix has flipped alongside pricing. In 2020, over half of new inventory was priced below $35,000. Today, there is more inventory above $50,000 than below $35,000.
Full-size SUVs signal strength at the higher end: In a market resetting around higher price points, full-size SUVs are one of the clearest indicators that demand at the top is healthy. These vehicles are turning about 16% faster year-over-year, at nearly 53 days vs. 65 days in 2025, and outpacing the national average for new vehicles. The Cadillac Escalade, averaging at about $122,000, and the Toyota Sequoia, averaging $84,000, are clearing lots in under 30 days.Drivers are holding onto their vehicles longer, reshaping used car expectations: The average vehicle on U.S. roads is now nearing teenage years. As the gap between average new and used prices has widened from roughly $13,000 in 2015 to $21,000 today, shoppers have become more willing to compromise higher age and mileage for more value. The share of sales for 7-year-old and older models has grown from 32% in 2020 to 40% today, and sales of vehicles with 60,000 to 150,000 miles are up 16%. The top-moving models in this category include the Ford F-150, Chevrolet Silverado 1500, and RAM 1500, averaging around $20,000 with more than 120,000 miles on the odometer.
Gas prices have shaped clean powertrain demand, pushing hybrids to new highs: Interest in clean powertrains climbed through May, up nearly 4 percentage points on new vehicles and 2 points on used, before starting to dip once gas prices eased in June. The reaction to rising gas prices has impacted used hybrids the most. Used hybrid sales are up nearly 34% year-to-date, with average list prices hitting an all-time high of $38,800, up about 11% so far this year. The Toyota Camry Hybrid, Honda CR-V Hybrid, Jeep Wrangler 4xe, and Toyota RAV4 Hybrid are leading sales growth. Used EVs are also gaining, with demand concentrated in the $25,000 to $31,000 range, led by the Hyundai Ioniq 5, Chevrolet Equinox EV, Tesla Model Y, Kia EV6, and Hyundai Ioniq 6. To learn more about these trends and more, the CarGurus 2026 Mid-Year Review is available here.
About CarGurus, Inc.
CarGurus (Nasdaq: CARG) is the leading multinational automotive platform helping consumers and dealers confidently buy and sell vehicles. Founded in 2006 with a mission to bring more trust and transparency to car shopping, CarGurus is the No. 1 visited automotive shopping site in the U.S.1 with the largest selection of inventory and network of dealers.2 CarGurus’ unmatched selection, trusted automotive insights, and data-driven products and solutions support each shopper’s journey — from online research and shopping to in-dealership decisions — to empower them at every step. And, by translating data from billions of monthly site interactions, CarGurus provides dealers a personalized, predictive intelligence platform with software solutions that helps them run their businesses more efficiently and profitably at all stages of inventory acquisition and pricing, marketing, and conversion to sale.
CarGurus operates online marketplaces in the U.S., U.K., and Canada. The company’s network of brands includes PistonHeads, the largest online motoring community in the U.K.3, and Autolist, a U.S.- based online marketplace.
To learn more about CarGurus, visit www.cargurus.com.
1 Similarweb: Traffic and Engagement Report (Cars.com, Autotrader.com, TrueCar.com, CARFAX.com Listings (defined as CARFAX.com Total Visits minus Vehicle History Reports)), Q1 2026, U.S.
2 Largest car shopping platform defined as most inventory and largest dealer network. Compared to Autotrader.com , Cars.com, TrueCar.com, and CARFAX (Joreca as of December 31, 2025).
3 Similarweb: Traffic Insights, Q1 2026, U.K.
CarGurus® and Autolist® are each a registered trademark of CarGurus, Inc., and PistonHeads® is a registered trademark of CarGurus Ireland Limited in the U.K. and the European Union. All other product names, trademarks, and registered trademarks are property of their respective owners.
Samsara představila Tracking Label, jednorázový Bluetooth štítek pro téměř okamžitý přehled o zásilkách napříč dopravci. Nové centrum pro zásilky má pomoci sledovat zboží a rychleji řešit zpoždění i krádeže.
Powered by the Samsara Network, disposable smart label delivers continuous visibility into any shipment, across any carrier
SAN FRANCISCO--(BUSINESS WIRE)--Samsara Inc. (“Samsara”) (NYSE: IOT), the pioneer of the Connected Operations® Platform, today introduced the Samsara Tracking Label: a smart, single-use Bluetooth label that delivers near-real-time shipment visibility, powered by the Samsara Network. The Tracking Label can be managed within Samsara’s new Shipment Center and Shipment App, which seamlessly plug into an organization's existing infrastructure, regardless of shipping carrier.
"Providing a persistent, wide-area network for Bluetooth assets could dramatically shift this landscape, enabling scale where infrastructure has previously been the bottleneck," said Zoe Roth, Senior Research Analyst, 451 Research from S&P Global.
Share Cargo theft costs U.S. businesses roughly $35 billion annually — up 60% year over year — and the problem is compounded by a fundamental lack of visibility. Current solutions, such as RFID and cellular connectivity, struggle with cost and coverage problems that Bluetooth and the Samsara Network solve.
"Our customers have been using asset tags to track critical shipments, and that works, but it's not purpose-built for cargo. What they've been asking for is a label they can slap on a box and walk away. That's exactly what the Tracking Label is,” said David Gal, VP of Connected Equipment at Samsara. “Unlike traditional barcode scanning that simply says 'departed facility,' the Samsara Network tells you exactly where that shipment is, hundreds of miles down the road. With AI-powered exceptions in the Shipment Center, a shipping manager can instantly see which shipments need attention, get ahead of delays, weather events, and proactively resolve issues before they reach the customer."
The low-cost connectivity powering the Tracking Label
The Tracking Label is an adhesive-backed, flexible, paper-thin label with a 45-day battery life after activation, that contains no lithium or hazardous materials, making it cleared for air, ground, and rail shipments and suitable for disposal without special handling. The Bluetooth label is interoperable with the Samsara Network, which leverages millions of Samsara-connected devices, including trucks, trailers, buses, construction equipment, warehouse scanners, and phones across 99% of major U.S. roads and tens of thousands of worksites. The network continuously 'listens' for Tracking Labels, enabling a single label to be detected in near real time, without requiring carrier involvement.
“Our data shows that organizations rely heavily on GPS and cellular technologies—adopted by over half the market—to track non-powered assets, often absorbing higher hardware costs to guarantee visibility,” said Zoe Roth, Senior Research Analyst, 451 Research from S&P Global. “Meanwhile, lower-cost alternatives like RFID and BLE currently sit at around 39% adoption, historically constrained by fragmented infrastructure, according to our 451 Research Supply Chain Digital Transformation Survey 2026. Providing a persistent, wide-area network for Bluetooth assets could dramatically shift this landscape, enabling scale where infrastructure has previously been the bottleneck.”
Real-time supply chain visibility through the Samsara Shipment Center
Leveraging the new Shipment Center, supply chain teams can view mission-critical and high-value goods — from a single box to a shipment of pallets to a reel of copper wire — that have a Tracking Label on the dashboard and click into any shipment for deeper insight. Through the Shipment Center, operations teams can:
Deter cargo theft and speed up resolution. Near real-time Bluetooth location data makes it significantly harder for bad actors to divert or steal cargo undetected, and gives operations teams evidence to involve authorities quickly when something goes wrong. Get ahead of shipping delays and exceptions. Stay ahead of late or missed deliveries by posing the question in the Shipment Center, “Which packages are at risk of being late due to the storm in Texas?” By leveraging AI to surface shipments that need attention, ops teams can focus on exceptions such as late delivery rather than monitoring every shipment manually. Coverage extends to cross-border shipments. Freight has historically gone dark the moment it crosses a border. These capabilities enable operations teams to keep jobs running on schedule, recover lost shipments in near real time, and deliver a better overall customer experience. Improve customer experiences with quicker dispute resolution. Automated delivery notifications and geofence-based delivery notifications provide clear proof of arrival, helping prevent and resolve shipping disputes with full location transparency across the shipment's journey. Make better supply-chain decisions with AI. Through the Shipment Center, ops teams can surface insights into warehouse performance, carrier on-time performance, declined delivery analytics, and more. This information allows them to analyze performance and costs to identify efficiencies. 3PL provider DCL Logistics, one of Tracking Label’s early adopters, is now managing the fulfillment and carrier handoff of high-value cargo for some of the world’s leading brands across consumer electronics, CPG, enterprise hardware, and GPUs.
“In LTL and truckload shipping, you typically only hear about your shipment twice — when it’s picked up and when it’s delivered," said Dave Tu, President, DCL Logistics. “Samsara’s Tracking Label changes that. It gives us a level of visibility that just didn’t exist before, and when you’re moving high-value cargo, that’s a big deal. It’s like watching your Uber driver on the way to pick you up — you can see every move, every turn, right up until it pulls up to the door.”
Plug into any existing workflow with the new Samsara Shipment App
The new Samsara Shipment App allows teams to activate the Tracking Label with a single tap, no hardware or manual entry required. Scan any barcode — a Bill of Lading, carrier tracking number, or warehouse license plate number — and the app automatically links it to the existing shipment ID.
Through the App, high-volume operations can print and pre-populate labels in bulk. Teams can also connect directly to an existing TMS or ERP to write shipment data at print time. No rip-and-replace of existing systems required.
All of these capabilities combined enable operations teams to keep jobs running on schedule, recover lost shipments in near real-time, and deliver a better overall customer experience.
Learn more about Samsara’s latest innovations in physical operations, including:
The new AI camera capabilities for fleets and equipment operators. The new Agent Studio and agentic AI capabilities. The full set of Beyond 2026 announcements on the Samsara blog. Follow Beyond 2026 news and developments on Samsara's LinkedIn and X pages, or by using the #SamsaraBeyond hashtag.
About Samsara
Samsara (NYSE: IOT) is the pioneer of the Connected Operations® Platform, which is an open platform that connects the people, devices, and systems of some of the world’s most complex operations, allowing them to develop actionable insights and improve their operations. With tens of thousands of customers across North America and Europe, Samsara is a proud technology partner to the people who keep our global economy running, including the world’s leading organizations across industries in transportation, construction, wholesale and retail trade, field services, logistics, manufacturing, utilities and energy, government, healthcare and education, food and beverage, and others. The company’s mission is to increase the safety, efficiency, and sustainability of the operations that power the global economy.
Samsara is a registered trademark of Samsara Inc. All other brand names, product names, or trademarks belong to their respective holders.
Dycom v 1. čtvrtletí fiskálního roku 2027 zvýšil tržby o 56,1 % a backlog dosáhl rekordních 11,9 miliardy USD. Firma tak podle článku působí lépe než Quanta díky rychlejšímu růstu a nižšímu ocenění.
Key Takeaways Dycom posted 56.1% revenue growth and a record $11.9 billion backlog in fiscal Q1 2027.Quanta reported 26.3% revenue growth and a record $48.5 billion backlog in first-quarter 2026.Dycom is highlighted for faster growth, rising EPS estimates and a lower valuation than Quanta. The U.S. digital infrastructure landscape continues to benefit from rising demand for connectivity, fiber expansion, data center development and broader network modernization initiatives. As customers pursue larger and more complex infrastructure programs, the need for execution certainty, skilled labor, integrated solutions and long-term project delivery capabilities has become increasingly important. Within this backdrop, Dycom Industries, Inc. (DY - Free Report) and Quanta Services, Inc. (PWR - Free Report) have emerged as two well-positioned infrastructure companies, each benefiting from expanding project pipelines, deep customer relationships and growing opportunities tied to digital infrastructure investment, communications networks and mission-critical development.
While Dycom is focused on fiber infrastructure, network deployment and building systems that connect businesses, communities and data centers, Quanta leverages its integrated solutions model, craft workforce and supply-chain capabilities to support utility, communications and large-load infrastructure projects. Both companies continue to emphasize workforce development, disciplined execution, scalability and their ability to serve as strategic partners on multi-year capital programs, positioning them to capitalize on durable infrastructure spending trends and increasing demand across converging end markets.
Let's dive deep and closely compare the fundamentals of the two stocks to determine which one is a better investment now.
The Case for Dycom StockThis North America-based specialty contracting firm is benefiting from strong demand across fiber infrastructure, digital infrastructure and data center-related markets. In the first quarter of fiscal 2027, contract revenues increased 56.1% year over year as the company capitalized on expanding fiber-to-the-home deployments, long-haul and middle-mile fiber builds, and growing activity across its Building Systems segment. The company also reported record backlog levels, providing greater visibility into future work and reinforcing confidence in the durability of current demand trends.
In the first quarter of fiscal 2027, total backlog reached a record $11.9 billion, up 46.5% year over year and 25% sequentially. The company noted that awards continued to diversify across customers, geographies and demand drivers, while some customers extended contract durations to secure access to skilled labor. These longer-term commitments support workforce planning, investment decisions and the execution of multi-year infrastructure programs. Communications revenues grew 24.7% organically during the quarter, supported primarily by fiber-to-the-home activity as well as increasing long-haul and middle-mile opportunities.
However, sustaining this growth requires continued investment in workforce expansion, operational scaling and strategic acquisitions. The company is also dependent on the pace of customer deployments and project timing across large infrastructure programs, while portions of the long-haul fiber opportunity and BEAD-related activity are still in relatively early stages of development.
The company continues to broaden its digital infrastructure platform through Power Solutions and the planned acquisition of National Technology Integrators, creating a more comprehensive offering spanning electrical infrastructure, structured cabling and fiber connectivity. Combined with expanding data center activity, increasing cross-selling opportunities and the expected progression of BEAD-funded projects, Dycom appears well positioned to capitalize on growing infrastructure investment and evolving connectivity requirements across the United States.
The Case for Quanta StockThis infrastructure solutions provider is benefiting from rising investment across utility, power, communications and large-load infrastructure markets. The company’s diversified business model, integrated solutions approach and expanding role in mission-critical infrastructure projects continue to support strong demand. In the first quarter of 2026, revenues increased 26.3% year over year, while record backlog levels reflected growing customer commitments and increasing visibility into future capital programs.
Demand visibility remains one of Quanta’s biggest strengths. The company ended the first quarter with a record backlog of $48.5 billion, up from $35.3 billion a year ago, including a 12-month backlog of $28.2 billion, up 45.4%. The company emphasized that utilities, technology customers and large-load developers continue to pursue multi-year infrastructure investments, creating opportunities across transmission, generation, communications and data center-related projects. Investments in craft workforce development, fabrication capabilities and supply-chain solutions are further strengthening its ability to deliver execution certainty and support customers at scale.
However, some of the company’s largest opportunities remain tied to long-cycle infrastructure projects that can be influenced by permitting timelines, contract negotiations, interconnection processes and broader regulatory developments. Quanta also continues to invest heavily in manufacturing capacity, supply-chain initiatives and operational expansion to support future demand, which requires disciplined execution across a rapidly growing project portfolio.
The company continues to see strong momentum across transmission infrastructure, generation projects, data centers and technology-driven load growth. Expanding relationships with utilities and large customers, growing demand for integrated infrastructure solutions and increasing opportunities tied to electrification, grid modernization and digital infrastructure position Quanta to benefit from durable infrastructure spending trends over the coming years.
Stock Performance & ValuationBoth stocks have significantly outperformed the broader market in 2026. Quanta has surged 75.4% year to date, substantially outperforming Dycom’s still-impressive 38.5% gain. Both have also comfortably exceeded the Zacks Construction sector's 17.9% advance and the S&P 500's 8.9% rise.
Image Source: Zacks Investment Research
Valuation Reflects Different Growth ProfilesQuanta commands a notably higher valuation than Dycom, trading at 49.02X forward 12-month earnings compared with the latter's 26.97X. While both stocks trade above the Construction sector average of 22.01X, investors are assigning a substantial premium to Quanta's exposure to utility infrastructure, grid modernization, power generation and large-scale electrification projects.
Image Source: Zacks Investment Research
Meanwhile, Dycom trades at a more modest multiple despite benefiting from strong demand across fiber infrastructure, digital infrastructure and data center-related markets. As a result, investors must weigh whether Quanta's broader infrastructure platform and long-duration growth opportunities justify its premium valuation or whether Dycom offers a more attractive risk-reward profile at current levels.
Comparing EPS Estimate Trends of DY & PWRThe Zacks Consensus Estimate for Dycom’s fiscal 2027 earnings per share has increased to $16.01 in the past 30 days, as shown below. The revised estimates for fiscal 2027 imply year-over-year growth of 33.8%.
DY’s EPS Trend
Image Source: Zacks Investment Research
PWR’s earnings estimates for 2026 have decreased in the past 30 days to $13.96 per share. This indicates expected earnings growth of 29.9% year over year.
PWR’s EPS Trend
Image Source: Zacks Investment Research
Dycom vs. Quanta: Which Stock Looks Better Positioned?Both companies are benefiting from powerful long-term infrastructure trends and continue to execute at a high level. Quanta offers unmatched scale, a diversified infrastructure platform, record backlog levels and significant opportunities tied to electrification, grid modernization and large-load development. Its integrated solutions model and deep customer relationships provide substantial visibility into growth.
However, Dycom appears to offer the more compelling investment case today. The company is delivering faster revenue growth, stronger earnings momentum and accelerating demand across fiber infrastructure, digital infrastructure and data center-related markets. Record backlog levels, expanding Building Systems capabilities and growing opportunities tied to long-haul fiber and BEAD-funded projects further strengthen its growth outlook.
Importantly, Dycom's growth profile comes at a considerably lower valuation. While Quanta trades at a significant premium reflecting its broader infrastructure exposure, Dycom combines robust backlog growth, rising earnings expectations and multiple long-term growth drivers at a more attractive earnings multiple.
Both DY and PWR currently sport a Zacks Rank #1 (Strong Buy). However, for investors seeking the best combination of growth, earnings momentum and valuation, Dycom appears better positioned to deliver superior risk-adjusted returns at current levels. You can see the complete list of today’s Zacks #1 Rank stocks here.
HII získala pětiletou zakázku za 418 milionů USD na opravy a údržbu lodních výtahů na letadlových lodích a obojživelných lodích amerického námořnictva. Součástí je i technická podpora, školení námořníků a rychlé zásahové týmy.
MCLEAN, Va., June 22, 2026 (GLOBE NEWSWIRE) -- HII (NYSE: HII), America’s largest military shipbuilder, has been awarded a $418 million contract to repair and maintain shipboard-based elevators on U.S. Navy aircraft carriers and amphibious ships, supporting the fleet’s operational readiness.
Under the five-year, indefinite delivery/indefinite quantity (IDIQ) contract awarded by Naval Sea Systems Command (NAVSEA), HII’s Mission Technologies division will provide engineering, maintenance and technical repair support for the elevators, cargo handling equipment and associated systems installed on the ships.
“Ensuring that essential operational systems — including shipboard elevators — run reliably is central to meeting the readiness needs of our U.S. sailors and Marines,” said Michael Lempke, president of Mission Technologies’ Global Security group. “We look forward to applying four decades of Elevator Support Unit experience to safeguard the performance of these systems and ensure they are reliable, resilient and fully capable of supporting the fleet.”
HII’s Mission Technologies will also conduct sailor training to promote self-sufficiency at sea and provide rapid response fly-away teams that deploy globally to ensure complex maintenance and repairs are completed safely and effectively.
A photo accompanying this release is available at: https://www.hii.com/news/hii-awarded-418-million-contract-to-continue-supporting-fleet-operational-readiness-for-the-us-navy.
Building on more than 40 years of Elevator Support Unit experience, the team will apply lessons learned to ensure consistent high-quality, rapid-response and affordable sustainment services for the U.S. Navy’s fleet.
Work will be performed within the continental United States, outside the continental United States and at forward-deployed locations around the world.
HII currently maintains and modernizes the vast majority of the U.S. Navy’s fleet. The team employs a holistic approach to life-cycle maritime defense systems, from small watercraft to submarines, surface combatants and aircraft carriers, to ensure a high state of readiness.
About HII
HII is America’s largest shipbuilder, delivering the world’s most powerful ships and all-domain mission technologies, including unmanned systems, to U.S. and allied defense customers. HII is the largest producer of unmanned underwater vehicles for the U.S. Navy and the world.
With a more than 140-year history of advancing U.S. national security, HII builds and integrates defense capabilities extending from the core fleet to C6ISR, AI/ML, EW and synthetic training. Headquartered in Virginia, HII’s workforce is 44,000 strong. For more information, visit:
HII on the web: https://www.HII.com/HII on Facebook: https://www.facebook.com/TeamHIIHII on X: https://www.twitter.com/WeAreHIIHII on Instagram: https://www.instagram.com/WeAreHIIHII on LinkedIn: https://www.linkedin.com/company/wearehii Contact:
Greg McCarthy
(202) 264-7126 [email protected]
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6006a2f1-709b-4f25-9cda-c354870a7b54
Soud nechal pokračovat klíčové části žaloby proti Humany kvůli údajným zavádějícím výrokům o nákladech na zdravotní péči. Během tohoto období proběhly prodeje akcií zasvěcenými osobami za více než 104 milionů USD.
, /PRNewswire/ -- Schubert Jonckheer & Kolbe LLP advises Humana Inc. (NYSE: HUM) investors that the firm is investigating potential legal claims arising from alleged false and misleading statements about the company's exposure to increased healthcare utilization costs. Current shareholders are encouraged to contact the firm here: https://www.classactionlawyers.com/humana.
On April 27, 2026, U.S. District Judge Jennifer L. Hall ruled that key claims in a securities fraud lawsuit against Humana and its former CEO and CFO will move forward. The lawsuit alleges that between July 2022 and October 2024, the company misled investors regarding the company's exposure to increased post-pandemic healthcare utilization costs. These statements allegedly caused Humana's stock to trade at artificially inflated prices. Judge Hall found the complaint sufficiently alleged that defendants acted with scienter, or an intent to defraud, in making these false and misleading statements. During this period, company insiders sold over $104 million in stock. When the truth was gradually revealed beginning in June 2023 and the company reported disappointing results, the stock price significantly dropped.
We are investigating potential wrongdoing by Humana's directors and officers in connection with these allegations.
If you own Humana stock, you may have legal options. Visit https://www.classactionlawyers.com/humana to learn more.
About Schubert Jonckheer & Kolbe LLP
Schubert Jonckheer & Kolbe represents consumers in class actions and shareholders in derivative actions against corporate officers and directors. The firm is based in San Francisco and, with the help of co-counsel, litigates cases nationwide.
Contact
Dustin L. Schubert
[email protected]
Tel: 415-788-4220
Labcorp v USA spustila test ColoSense, jediný RNA-based domácí test schválený FDA pro screening kolorektálního karcinomu. Je dostupný po celé zemi a hradí se pro oprávněné příjemce Medicare a Medicare Advantage.
First FDA-approved, at-home screening test that uses RNA technology to detect biomarkers associated with colorectal cancer and advanced adenomas Designed to reduce common barriers to at-home screening with a cleaner, simplified collection experience that minimizes sample handling Meets screening guidelines from the American Cancer Society (ACS) and National Comprehensive Cancer Network (NCCN) , /PRNewswire/ -- Labcorp (NYSE: LH), a global leader of innovative and comprehensive laboratory services, today announced the nationwide availability of ColoSense®, the only RNA-based at-home test for colorectal cancer (CRC) screening approved by the U.S. Food and Drug Administration (FDA). Offered through a commercial collaboration with test developer Geneoscopy, ColoSense expands Labcorp's comprehensive portfolio of colorectal cancer screening solutions. The test is now covered for eligible Medicare and Medicare Advantage beneficiariesi following the Centers for Medicare & Medicaid Services (CMS) update to the National Coverage Determination (NCD) in June, with additional commercial coverage also available.
Photo courtesy of Labcorp Reducing Barriers to At-Home Screening
Colorectal cancer is highly preventable when detected early, yet approximately 4 in 10 eligible adults are not up to date with recommended screenings. While at-home tests offer convenience, the collection process can be a significant barrier to completion. According to Labcorp research, among users of at-home screening tests, 41% were uncomfortable preparing the sample, and 34% said the process felt messy. ColoSense is designed to reduce common barriers to at-home screening with a cleaner, simplified collection experience that minimizes sample handling.
"Labcorp is focused on improving colorectal cancer screening rates by offering at-home options consumers are more likely to complete," said Dr. Brian Caveney, chief medical and scientific officer at Labcorp. "With ColoSense now available nationwide, we're expanding access to an FDA-approved screening option that delivers advanced science and a more streamlined, easier-to-use collection experience."
Breakthrough Innovation Recognized by the FDA and Leading Cancer Authorities
ColoSense uses RNA-based technology to detect biomarkers associated with both colorectal cancer and advanced adenomas, precancerous changes that may be an early indication of disease. ColoSense received Breakthrough Device Designation from the FDA, which is reserved for medical devices that offer the potential for more effective diagnosis or treatment of life-threatening conditions. ColoSense aligns with stool-based RNA screening approaches recognized in the American Cancer Society (ACS) colorectal cancer screening guidelines and is included as a recommended screening option in the National Comprehensive Cancer Network (NCCN) guidelines.
"ColoSense reflects years of scientific innovation focused on improving how we screen for colorectal cancer at home," said Matt Sargent, chief commercial officer at Geneoscopy. "We're proud to partner with Labcorp to help bring this test into routine care nationwide and ensure more patients can benefit from earlier detection."
ColoSense is available through healthcare providers for adults aged 45 to 85 at average risk and is not for individuals with a history of colorectal cancer or certain high-risk conditions. ColoSense has demonstrated strong clinical performance, with 93% sensitivity for colorectal cancer in average-risk individuals, and achieved 100% sensitivityii for stage I colorectal cancer, detecting disease at its most treatable stage.
Once ordered, the collection kit is delivered directly to the consumer's home for collection and return, featuring a simplified design that eliminates the need to separate or mix the stool sample. Geneoscopy offers patient navigation support to help individuals understand their results and follow recommended next steps, including colonoscopy after a positive result. ColoSense is a screening test and does not replace diagnostic colonoscopy.
The introduction of ColoSense further expands Labcorp's portfolio of colorectal cancer screening options, providing patients and providers with greater choice and flexibility. To learn more, visit https://www.labcorp.com/treatment-areas/colorectal-cancer/crc-screening/colosense.
About Labcorp
Labcorp (NYSE: LH) is a global leader of innovative and comprehensive laboratory services that helps doctors, hospitals, pharmaceutical companies, researchers and patients make clear and confident decisions. We provide insights and advance science to improve health and improve lives through our unparalleled diagnostics and drug development laboratory capabilities. The company's nearly 71,000 employees serve clients in approximately 100 countries, provided support for more than 85% of the new drugs and therapeutic products approved by the FDA in 2025 and performed more than 750 million tests for patients around the world. Learn more at www.labcorp.com.
About Geneoscopy, Inc.
Geneoscopy Inc. is a life sciences company focused on developing diagnostic tests for gastrointestinal health. Leveraging its proprietary, patented stool-derived eukaryotic RNA (seRNA) biomarker platform, Geneoscopy's mission is to empower patients and providers to transform gastrointestinal health through innovative diagnostics. In partnership with leading universities and biopharmaceutical companies, Geneoscopy is also developing diagnostic tests for treatment selection and therapy monitoring in other GI disease areas. For more information, visit www.geneoscopy.com and follow the company on LinkedIn.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements, including, but not limited to, statements with respect to the expected utility and benefits, and availability from Labcorp, of the ColoSense screening test for colorectal cancer.
Each of the forward-looking statements is subject to change based on various important factors, many of which are beyond the company's control. These factors, in some cases, have affected and in the future (together with other factors) could affect the company's ability to implement the company's business strategy, and actual results could differ materially from those suggested by these forward-looking statements. As a result, readers are cautioned not to place undue reliance on any of the forward-looking statements.
The company has no obligation to provide any updates to these forward-looking statements even if its expectations change. All forward-looking statements are expressly qualified in their entirety by this cautionary statement. Further information on potential factors, risks and uncertainties that could affect operating and financial results is included in the company's most recent Annual Report on Form 10-K under the heading RISK FACTORS and in the company's other filings with the SEC. The information in this press release should be read in conjunction with a review of the company's filings with the SEC including the information in the company's most recent Annual Report on Form 10-K under the heading "MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS."
iPatient Criteria: Age 45 to 85 years; asymptomatic (no signs or symptoms of colorectal disease including but not limited to lower gastrointestinal pain, blood in stool, positive guaiac fecal occult blood test (gFOBT) or fecal immunochemical test (FIT)); and at average risk of developing colorectal cancer (no personal history of adenomatous polyps, colorectal cancer, or inflammatory bowel disease, including Crohn's Disease and ulcerative colitis; no family history of colorectal cancers or adenomatous polyps, familial adenomatous polyposis, or hereditary nonpolyposis colorectal cancer).
Ciena zvýšila výhled tržeb pro fiskální rok 2026 na 6,3 miliardy USD díky silné poptávce po AI infrastruktuře a optických sítích. Firma zároveň hlásí, že poptávka stále převyšuje nabídku.
Key Takeaways CIEN raised fiscal 2026 revenue guidance, supported by AI infrastructure and optical networking demand.CIEN saw strong growth in service provider revenue and expanding hyperscaler engagements.ANET lifted its 2026 revenue outlook but faces supply constraints and gross margin pressure. Ciena Corporation (CIEN - Free Report) and Arista Networks, Inc. (ANET - Free Report) are among the key beneficiaries of the growing investments in artificial intelligence (AI) infrastructure, as organizations increasingly require advanced networking solutions to support large-scale AI workloads. The rapid expansion of AI training, inference and data-intensive applications is driving demand for high-performance connectivity across data centers, cloud environments and wide-area networks. As a result, networking providers are seeing rising opportunities to deliver the infrastructure needed to move, manage and process massive amounts of data efficiently.
Both companies are capitalizing on these favorable industry trends through their respective technology portfolios. Arista Networks is strengthening its position in AI and cloud networking with its high-speed Ethernet switching and AI fabric solutions, while Ciena is benefiting from growing demand for optical networking, interconnect technologies and data center connectivity infrastructure. With AI-related investments continuing to accelerate across hyperscalers, cloud providers and enterprises, both companies are well-positioned to participate in the long-term growth of the AI networking market.
Let’s analyze their fundamentals, growth opportunities, market challenges and valuation to assess which one presents a stronger investment opportunity.
The Case for CIENCiena is benefiting from AI-driven demand across cloud and service provider markets, supported by its technology leadership, deep customer relationships and broad portfolio spanning systems, interconnects, software and services. In the second quarter, revenue increased, adjusted gross margin expanded and adjusted earnings per share nearly quadrupled. Management stated that a strong and growing backlog, combined with the company's leading technology portfolio, provides strong visibility and positions Ciena to capture long-term opportunities across WAN and data center networking.
The company is also gaining momentum from rising investments by hyperscalers and service providers in network infrastructure. Management noted that customers are prioritizing high-capacity, low-latency and high-speed connectivity to support AI model training, data ingestion and inference workloads. Ciena's addressable market is expected to nearly double to approximately $50 billion by 2029, driven by growth in both traditional WAN markets and high-growth data center opportunities. Service provider revenue increased 28% year over year, while revenue from service providers in India more than doubled, reflecting strong demand for managed optical fiber network deployments.
Ciena continues to benefit from demand for its latest networking solutions and expanding customer engagements. The company announced the industry's first multi-rail order for its RLS Hyper-Rail platform from a leading hyperscaler and is engaged in discussions with multiple additional hyperscalers, neoscalers and service providers. Its DCOM solution contributed to 88% year-over-year growth in the Routing and Switching segment, while initial orders from a second hyperscaler and lab qualifications with a third customer further broadened the customer base. The company also secured a new hyperscaler win for its coherent modules and remains on track to more than double pluggable revenue compared with 2025.
Ciena is further benefiting from customer co-creation initiatives and strong operational execution. Management stated that customers increasingly involve the company early in the development of new architectures, helping improve road map decisions, increase win rates and provide greater demand visibility.
Image Source: Zacks Investment Research
Management expects third-quarter fiscal 2026 revenue of $1.625 billion, plus or minus $50 million. The company also increased its fiscal 2026 revenue guidance to $6.3 billion, plus or minus $100 million, which implies roughly 32% year-over-year growth at the midpoint. Management attributed the stronger outlook to ongoing investments in AI infrastructure and continued robust demand for its optical networking solutions.
However, Ciena continues to operate in a supply-constrained environment where demand exceeds available supply. As a result, the company is making additional capital and operating expense investments to secure future manufacturing capacity and strengthen supply-chain resilience. Management also cited ongoing constraints in modem components and laser pumps used in amplifiers and line systems. In addition, inflationary pressures and higher variable compensation associated with stronger business performance are increasing operating expenses, prompting further investments to support anticipated future demand.
The Case for ANETArista is gaining from the rapid expansion of AI infrastructure and cloud networking demand, as enterprises, hyperscalers and AI providers increasingly deploy large-scale training and inference workloads. The company delivered strong first-quarter 2026 results, with revenue rising 35.1% year over year to $2.71 billion, exceeding guidance. Management highlighted growing traction for its cloud and AI networking strategy, supported by increasing adoption of its high-speed Ethernet solutions and leadership position in high-speed switching. Reflecting this momentum, Arista raised its 2026 revenue outlook to approximately $11.5 billion and increased its AI fabrics revenue target to $3.5 billion, indicating expectations for continued growth in AI-related deployments.
The company continues to benefit from expanding AI networking opportunities through its scale-out and scale-across architectures. The company reported more than 100 cumulative customers deploying 800-gigabit Ethernet solutions and expects 1.6-terabit deployments to reach production scale in 2027. Management noted strong demand for its Etherlink portfolio, AI fabric offerings and networking software, which support diverse AI accelerators and increasingly complex AI workloads. The company is also seeing growing adoption among cloud providers, neocloud operators and AI infrastructure customers, supported by the scalability, reliability and observability of its EOS platform.
Arista Networks also demonstrated strong financial and operational execution. Arista generated approximately $1.69 billion in operating cash flow, the highest in its history, and ended the quarter with $12.35 billion in cash, cash equivalents and marketable securities. Management highlighted continued investments in innovation, including next-generation AI networking products, advanced optics technologies such as XPO, and enterprise expansion initiatives, positioning the company to address future growth opportunities.
Despite strong demand trends, Arista is facing industry-wide supply constraints across wafers, silicon chips, CPUs, optics, memory and other key components. Management stated that demand is currently outpacing supply and expects these challenges to persist for the next one to two years. To secure supply and support customer deployments, the company has entered into multiyear purchase commitments and is incurring higher procurement costs, which may continue to constrain shipment capacity and operational flexibility.
The challenging supply environment is also creating pressure on profitability. Gross margin declined to 62.4% from 63.4% in the previous quarter, primarily due to customer mix and elevated component costs. Management expects ongoing gross margin pressure as it absorbs higher expenses for memory, silicon and other critical inputs while prioritizing supply continuity for customers.
CIEN vs. ANET Share Price PerformanceOver the past six months, CIEN shares have gained 91.6%, while Arista has increased 33.5%.
Image Source: Zacks Investment Research
Valuation for CIEN & ANETIn terms of Price/Book, CIEN shares are trading at 22.53X, higher than ANET’s 16.3X.
Image Source: Zacks Investment Research
How Do Estimates Compare for CIEN & ANET?Analysts have significantly revised their earnings estimates upward for CIEN’s bottom line for the current year.
Image Source: Zacks Investment Research
For ANET, there have been marginal upward revisions for the current year.
Image Source: Zacks Investment Research
CIEN or ANET: Which is a Better Pick?While CIEN sports a Zacks Rank #1 (Strong Buy) at present, ANET has a Zacks Rank #3 (Hold). Consequently, in terms of Zacks Rank and valuation, CIEN seems to be a better pick at the moment.
You can see the complete list of today’s Zacks #1 Rank stocks here.
NEW YORK & DALLAS--(BUSINESS WIRE)--CRH (NYSE: CRH), the leading provider of building materials, today announced that it has signed an agreement to acquire 100% of Arcosa, Inc. (NYSE: ACA) in an all-cash transaction for $150 per share, subject to Arcosa stockholders’ and regulatory approvals. The offer to Arcosa stockholders implies a 25% premium to Arcosa’s 60-day trading VWAP as of June 18, 2026. The transaction values Arcosa at a total enterprise value of approximately $8.5 billion, representing an acquisition multiple of 11.5x 2026E Adjusted EBITDA, including estimated annual run-rate cost synergies of $175 million by year three.
Headquartered in Dallas, Texas, Arcosa is a provider of infrastructure-related materials, products and solutions. Its Construction Products business is a leading aggregates platform in the U.S., with 109 quarries and yards, nine asphalt plants, 19 terminals and approximately 35 million tons (mt) of 2025 aggregates shipments. Arcosa’s Engineered Structures business is a top three manufacturer of critical infrastructure products in the high-growth energy transmission market, supported by long-term megatrends in grid modernization, electrification, and data center construction.
Arcosa is highly complementary to CRH, advancing the company’s connected portfolio strategy. The transaction reinforces CRH’s position as the leader in U.S. aggregates, as well as globally, and increases exposure to some of the fastest-growing Metropolitan Statistical Areas (MSAs) in the U.S.
Jim Mintern, CRH CEO, said, “This strategic acquisition reinforces our position as the #1 infrastructure player in North America and advances our strategy to build an aggregates-led, connected portfolio. As demand for U.S. energy and utility infrastructure solutions accelerates, this transaction places CRH at the forefront of an immense growth opportunity and demonstrates our ongoing commitment to building market-leading positions through disciplined capital allocation. We have a tremendous amount of respect for Arcosa’s business and look forward to welcoming the Arcosa team into CRH.”
Antonio Carrillo, President and CEO of Arcosa, said, “This transaction is a powerful validation of the work we've done in recent years to grow in attractive markets, simplify our portfolio, reduce cyclicality and build a more resilient business focused on Construction Products and Engineered Structures. For our stockholders, this transaction crystalizes the value we have built. We are excited that CRH recognizes that value, and we are confident that their resources, scale, and expertise will provide attractive opportunities for our team members, for our customers and for the communities we serve.”
Strategic and Financial Benefits
Reinforces CRH as the #1 Infrastructure Player in North America: Arcosa brings 35mt of annual, high-quality, natural, and recycled aggregates, serving 13 of the 50 largest U.S. MSAs across Texas, New Jersey, Arizona, Florida, and Tennessee. This transaction reinforces our position as the leader in U.S. aggregates with over 265mt of combined annualized production. The Engineered Structures business has a top three market position, supported by infrastructure megatrends and demand relating to grid modernization, electrification, and data center construction. Highly Complementary with Existing Business, Advancing CRH's Connected Portfolio: Transaction aligns with CRH’s core strategy, enhancing CRH’s connected offering across aggregates, cementitious, and critical infrastructure. Provides aggregate exposure to fast-growing MSAs and expands capabilities, while widening the addressable market through deepened relationships and a shared customer base. Clear Financial Benefits and Value Creation Potential with $175 million of Run-Rate Cost Synergies Expected: Clear and actionable run-rate cost synergies of $175 million expected by year three across operational improvements, procurement and integration benefits of self-supply and SG&A savings. Leverages CRH’s proven ability to acquire and integrate at scale. Accretive1 to CRH’s Financial Profile: Transaction expected to be accretive1 to earnings, margin and cash flow in the first 12 months post-completion. Consistent with CRH’s Disciplined Approach to Capital Deployment & Aligned with Strategic Ambitions: Accelerates value-accretive capital deployment in infrastructure exposed to growing megatrends and fully aligned with CRH’s 2030 financial targets. Continued commitment to value-creating capital allocation, making best use of our $40 billion of anticipated financial capacity through 2030, and reinforcing CRH’s position as a leading compounder of capital. Maintain Commitment to Strong Investment Grade Credit Rating: Combined balance sheet, with pro forma FY 2026E Net Debt / Adjusted EBITDA2 of 2.4x. Transaction Details
The Boards of Directors of both companies have unanimously approved the transaction, which is expected to close in Q1 2027 subject to approval of Arcosa’s stockholders, regulatory approvals, and customary closing conditions. CRH intends to fund the transaction with available cash and committed debt financing.
Advisors
J.P. Morgan and Morgan Stanley are acting as financial advisors to CRH, and Kirkland & Ellis is serving as legal counsel. J.P. Morgan and Morgan Stanley are providing CRH with committed bridge financing for the transaction. Evercore and Goldman Sachs are serving as financial advisors to Arcosa, and Gibson Dunn and Baker Botts are serving as its legal counsel.
Conference Call & Webcast
Registrations for the conference call at 8:30 a.m. ET can be made at www.crh.com/investors. Upon registration a link to join the call and dial-in details will be made available. A replay of the webcast, accompanying slide presentation and a copy of this news release will be available online at www.crh.com/investors.
About CRH
CRH is the leading provider of building materials critical to modernizing infrastructure. With our team of 83,000 people across 4,000 locations, our unmatched scale, connected portfolio, and deep local relationships make us the partner of choice for transportation, water, and reindustrialization projects, shaping communities for a better tomorrow. CRH (NYSE: CRH) is a member of the S&P 500 Index. For more information, visit www.crh.com.
About Arcosa
Headquartered in Dallas, Texas, Arcosa is a provider of infrastructure-related products and solutions with leading positions in construction materials and engineered structures. Arcosa reports its financial results in two principal business segments: Construction Products and Engineered Structures. For more information, visit www.arcosa.com.
Forward-Looking Statements
This press release contains statements that are, or may be deemed to be, forward-looking statements with respect to the financial condition, results of operations, business, viability and future performance of CRH plc and certain of its plans and objectives, including statements regarding the proposed merger (the ‘Merger’) between CRH and Arcosa. These forward-looking statements may generally, but not always, be identified by the use of words such as “will”, “anticipates”, “should”, “could”, “would”, “targets”, “aims”, “may”, “continues”, “expects”, “is expected to”, “estimates”, “believes”, “intends” or similar expressions. These forward-looking statements include all matters that are not historical facts or matters of fact at the date of this press release.
In particular, the following, among other statements, are all forward-looking in nature: statements regarding the Merger, including the expected timing of the closing of the Merger; the anticipated benefits of the Merger, including expected synergies, accretion and financial impact; the anticipated financing of the Merger; CRH’s plans and expectations regarding the integration of Arcosa’s business and operations; plans and expectations regarding the impact of the Merger on CRH’s financial results, growth strategy and capital allocation; CRH’s expected financial performance following the completion of the Merger; and plans and expectations regarding market trends and dynamics in regions where CRH operates, including with respect to infrastructure megatrends and demand relating to grid modernization, electrification and data center construction.
By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that may or may not occur in the future and reflect CRH’s current expectations and assumptions as to such future events and circumstances that may not prove accurate. You are cautioned not to place undue reliance on any forward-looking statements. These forward-looking statements are made as of the date of this press release. CRH expressly disclaims any obligation or undertaking to publicly update or revise these forward-looking statements other than as required by applicable law.
A number of material factors could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements, certain of which are beyond our control, and which include, but are not limited to: the occurrence of any event, change or other circumstance that could give rise to the termination of the Merger Agreement; the failure to obtain the required approval of Arcosa’s stockholders; the failure to satisfy the other conditions to the completion of the Merger, including the receipt of required regulatory approvals; risks that the Merger disrupts CRH’s current plans and operations; the ability to recognize the anticipated benefits of the Merger; the amount of costs, fees, expenses and charges related to the Merger and the actual terms of the financing obtained in connection with the Merger; diversion of management’s attention from ongoing business operations and opportunities; potential litigation relating to the Merger; the effect of the announcement or pendency of the Merger on CRH’s and Arcosa’s business relationships, operating results and business generally; economic and financial conditions, including changes in interest rates, inflation, price volatility and/or labor and materials shortages; and the risks and uncertainties described under “Risk Factors” in Part I, Item 1A in CRH’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025 as filed with the SEC and in CRH’s other filings with the SEC.
It should also be noted that projected financial information included in this press release is based on management’s estimates, assumptions and projections and has not been prepared in conformance with the applicable accounting requirements of Regulation S-X relating to pro forma financial information, and the required pro forma adjustments have not been applied and are not reflected therein. These measures are provided for illustrative purposes. None of this information should be considered in isolation from, or as a substitute for, the historical financial statements of CRH or Arcosa. Actual results may differ materially from the projected financial information included in this press release.
Non-GAAP Financial Measures
CRH uses a number of non-GAAP financial measures to monitor financial performance. These financial measures may not be uniformly defined by all companies and accordingly may not be directly comparable with similarly titled measures and disclosures by other companies. Certain information presented is derived from amounts calculated in accordance with U.S. GAAP but is not itself an expressly permitted GAAP measure.
Adjusted EBITDA is defined by CRH as earnings from continuing operations before interest, taxes, depreciation, depletion, amortization, loss on impairments, gain/loss on divestitures and investments, income/loss from equity method investments, substantial acquisition-related costs and pension expense/income excluding current service cost component. Net Debt comprises short and long-term debt, finance lease liabilities, cash and cash equivalents and current and noncurrent derivative financial instruments (net). The non-GAAP financial measures should not be viewed in isolation or as an alternative to the most directly comparable GAAP measure. This press release also includes forward-looking non-GAAP financial measures for which a reconciliation is not practicable without unreasonable effort, as CRH is unable to reasonably forecast certain amounts that are necessary for such reconciliation
Additional Information about the Proposed Merger and Where to Find It
In connection with the Merger, Arcosa expects to file a proxy statement, as well as other relevant materials, with the SEC. Following the filing of the definitive proxy statement with the SEC, Arcosa will mail the definitive proxy statement and a proxy card to each Arcosa stockholder entitled to vote at the special meeting relating to the Merger. This communication is not intended to be, and is not, a substitute for the proxy statement or any other document that Arcosa expects to file with the SEC in connection with the Merger. ARCOSA URGES INVESTORS TO READ THE PROXY STATEMENT AND THESE OTHER MATERIALS FILED WITH THE SEC (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT ARCOSA AND THE MERGER. Investors will be able to obtain free copies of the proxy statement (when available) and other documents that will be filed by Arcosa with the SEC at www.sec.gov, the SEC’s website, or from Arcosa’s website (www.arcosa.com). In addition, the proxy statement and other documents filed by Arcosa with the SEC (when available) may be obtained from Arcosa free of charge by directing a request to Investor Relations at www.arcosa.com.
Participants in the Solicitation
Arcosa, its directors and certain of its officers and employees, may be deemed to be participants in the solicitation of proxies from Arcosa stockholders in connection with the Merger. Information about Arcosa’s directors and executive officers is set forth in its definitive proxy statement for its 2026 annual meeting of stockholders filed with the SEC on March 31, 2026. To the extent the holdings of Arcosa securities by Arcosa directors and executive officers have changed since the amounts set forth in the proxy statement for its 2026 annual meeting of stockholders, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC. These documents may be obtained free of charge at the SEC’s website at www.sec.gov and on the Investor Relations page of Arcosa’s website located at www.arcosa.com. Additional information regarding the interests of participants in the solicitation of proxies in connection with the Merger will be included in the proxy statement that Arcosa expects to file in connection with the Merger and other relevant materials Arcosa may file with the SEC.
No Offer or Solicitation
This communication shall not constitute an offer to sell or the solicitation of an offer to buy any securities, or a solicitation of any proxy, vote or approval, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
Akcie VLY letos vzrostly o 23,1 % a Valley National vykázala čtvrtý růst čistého úrokového výnosu v řadě, přičemž čistá úroková marže (NIM) dosáhla 3,17 %. Rizikem zůstává úvěrové portfolio CRE na úrovni 58,4 % celkových úvěrů.
Key Takeaways VLY shares have climbed 23.1% in 2026, beating the industry and broader market gains.Valley National posted a fourth straight NII rise as NIM reached 3.17% in 1Q26.Valley National expects fee income growth, but CRE loans remain 58.4% of total loans. Supported by an impressive first-quarter 2026 performance, shares of Valley National Bancorp (VLY - Free Report) have gained 23.1% so far this year, outperforming the industry’s 16.2% growth and the S&P 500 Index’s 8.9% rise.
The company witnessed an increase in net interest income (NII) in the March-end quarter for the fourth consecutive time (supported by growth in loan balances). Deposit costs declined, which helped sustain a net interest margin (NIM) of 3.17% (expanding 21 basis points year over year). Robust deposit growth, a reduction in higher-cost brokered funding, lower net charge-offs and better operating efficiency were other positives for the company.
If we compare VLY’s price performance with its peers, Fulton Financial Corporation (FULT - Free Report) and Webster Financial Corporation (WBS - Free Report) , it appears that VLY has performed better than both FULT and WBS. Year to date, the Webstar Financial stock has gained 20.6% and Fulton Financial has rallied 22.4%.
YTD Price Performance
Image Source: Zacks Investment Research
Now, let us see if the Valley National stock has more upside left despite recent strength in price. In order to understand this, we must dig deep into its fundamentals and growth prospects.
What’s Supporting the VLY Stock?Robust Organic Growth: Valley National’s organic growth trajectory has been impressive. Its revenues have witnessed a compound annual growth rate (CAGR) of 9.2% over the last five years (2020-2025), supported primarily by a rise in loans (net loans also saw a CAGR of 9.2%). The uptrend for revenues and loans continued in the first quarter of 2026.
The company has also been making efforts to expand treasury management utilization, increase capital markets activity (including syndication, FX and swaps) and better integrate wealth management. These efforts are expected to drive fee income growth.
Supported by its efforts to bolster fee income, along with continued decent loan growth, VLY’s top line is expected to keep improving in the near term. Management projects NII to grow in the high end of 11-13% in 2026. Adjusted non-interest income is projected to rise 6-9% year over year in 2026.
The Zacks Consensus Estimate for the company’s 2026 and 2027 revenues is pegged at $2.27 billion and $2.48 billion, which indicate year-over-year growth rates of 11.9% and 9.1%, respectively.
Revenue Growth Expectation
Image Source: Zacks Investment Research
Inorganic Expansion Initiatives: Given a solid balance sheet position, Valley National has been growing through acquisitions as well. In 2022, the company acquired Bank Leumi Le-Israel B.M.’s U.S. banking arm, while in 2021, it acquired Westchester Bank and Arizona-based advisory firm Dudley Ventures.
These and several past acquisitions are expected to be earnings accretive and help Valley National diversify revenues and footprint. Management is open to further buyouts if that “accelerates strategic initiatives.”
Improving Margins: Valley National’s NIM has been witnessing an uptrend over the past few years. While NIM on a tax-equivalent basis declined in 2023 and 2024 due to higher funding costs, the metric increased in 2020, 2021, 2022 and 2025, with the uptrend persisting in the first quarter of 2026.
Going forward, NIM growth is expected to continue, supported by stabilizing funding costs and loan growth. Management expects NIM expansion throughout 2026, driven by deposit repricing, and the replacement of higher-cost brokered funding and FHLB advances.
Impressive Capital Distributions: Supported by a robust balance sheet, Valley National announced a dividend for the first time in 2018. Since then, the company has maintained a quarterly dividend payment of 11 cents per share.
The company also has a share repurchase program in place. In February 2024, it announced a repurchase plan with an authorization of up to 25 million shares (which expired on April 26, 2026). In February 2026, the company once again authorized the buyback of up to 25 million shares, effective April 27, 2026, through April 27, 2028.
Given a strong capital position, the company is expected to keep boosting shareholder value through sustainable capital distribution activities.
What’s Hurting VLY’s GrowthElevated Expense Base: Over the last five years (2020-2025), the company’s expenses witnessed a CAGR of 12.1%, with the uptrend continuing in the first three months of 2026.
The rise has been mainly due to higher salary and employee benefits, and occupancy expenses. Valley National’s non-interest expenses are expected to remain elevated in the near term as the company continues to expand through acquisitions and invest in revenue growth areas.
Expense Trend
Image Source: Zacks Investment Research
Risky Loan Exposure: A major part of Valley National’s loan portfolio comprises commercial real estate (CRE) and residential mortgage loans. As of March 31, 2026, CRE loans accounted for 58.4% of total loans, while residential mortgages made up 11.5%.
Although the company built substantial reserves in 2024 to cushion against potential CRE-related stress and continues to tighten underwriting standards and limit exposure to non-owner-occupied and multi-family properties, the high concentration in CRE remains a key risk.
Any deterioration in economic conditions or weakness in the real estate market could pressure asset quality and weigh on Valley National’s financial performance.
How to Approach VLY Stock NowRobust loan growth, inorganic expansion initiatives and efforts to bolster fee income (through steady investments) are expected to continue to aid VLY’s top line. Given a solid balance sheet and earnings strength, the company will be able to enhance shareholder value through efficient capital distributions.
However, analysts do not seem too optimistic regarding the company’s earnings growth prospects. The Zacks Consensus Estimate for VLY’s 2026 and 2027 earnings has been unchanged over the past 30 days.
Earnings Estimate Revision
Image Source: Zacks Investment Research
Also, high exposure to risky loan portfolios remains a major concern as it may put pressure on asset quality. Operating expenses are likely to stay elevated in the near term due to continued inorganic growth activities, thereby hurting the company’s bottom line.
Given the above-mentioned concerns, it does not seem a wise idea to invest in the VLY stock immediately.
However, those who already own the stock should hold on to it because, given its fundamental strength, the company is less likely to disappoint in the long term.
Currently, Valley National carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
AeroVironment zveřejní výsledky za 4. čtvrtletí po uzavření trhu 29. června; analytici čekají EPS 1,47 USD a tržby 559,1 milionu USD. Akcie v pondělí spadly o 10,8 %.
AeroVironment, Inc. (NASDAQ:AVAV) will release earnings for its fourth quarter after the closing bell on Monday, June 29.
Analysts expect the Arlington, Virginia-based company to report quarterly earnings of $1.47 per share, down from $1.61 per share in the year-ago period. The consensus estimate for AeroVironment’s quarterly revenue is $559.1 million. It reported $275.05 million last year, according to Benzinga Pro.
AeroVironment recently disclosed it restated its quarterly filings for 10-Q after incorrectly calculating the goodwill impairment.
Shares of AeroVironment fell 10.8% to close at $151.33 on Monday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.
Considering buying AVAV stock? Here’s what analysts think:
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Analytici čekají, že AeroVironment vykáže EPS 1,53 USD, tedy meziročně o 5 % méně, zatímco tržby mají vzrůst na 563,14 milionu USD. Odhad EPS se za 30 dní nezměnil.
Wall Street analysts expect AeroVironment (AVAV - Free Report) to post quarterly earnings of $1.53 per share in its upcoming report, which indicates a year-over-year decline of 5%. Revenues are expected to be $563.14 million, up 104.7% from the year-ago quarter.
Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Given this perspective, it's time to examine the average forecasts of specific AeroVironment metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts' assessment points toward 'Revenue- Contract Services' reaching $186.53 million. The estimate indicates a year-over-year change of +468.4%.
The average prediction of analysts places 'Revenue- Product Sales' at $378.63 million. The estimate indicates a year-over-year change of +56.3%.
The collective assessment of analysts points to an estimated 'Gross margin- Contract services' of $45.22 million. Compared to the current estimate, the company reported $8.87 million in the same quarter of the previous year.
Analysts predict that the 'Gross margin- Product sales' will reach $113.78 million. Compared to the current estimate, the company reported $91.46 million in the same quarter of the previous year.
View all Key Company Metrics for AeroVironment here>>>
Over the past month, AeroVironment shares have recorded returns of -18.2% versus the Zacks S&P 500 composite's -1.3% change. Based on its Zacks Rank #3 (Hold), AVAV will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Murphy Oil oznámila nález ropy v průzkumném vrtu Bubale-1X u pobřeží Pobřeží slonoviny. Vrt zachytil 100 stop (30 metrů) čisté ropné vrstvy ve dvou rezervoárech.
HOUSTON--(BUSINESS WIRE)--Murphy Oil Corporation (NYSE: MUR) today announced an oil discovery at the Bubale-1X exploration well in Block CI-709, located approximately 40 miles offshore Côte d’Ivoire.
The Bubale-1X well was drilled to a total depth of 20,548 feet (6,263 meters) in 7,795 feet (2,376 meters) of water. The well encountered 100 feet (30 meters) of net oil pay across two reservoirs, with preliminary assessment indicating high-quality light oil.
“Early results at Bubale reinforce the prospectivity of our Côte d’Ivoire acreage,” said Eric Hambly, President and Chief Executive Officer. “We are pleased with the results to date, which underscore the value of a disciplined and consistent exploration approach. Our immediate focus now is advancing evaluation plans to define the discovery’s full potential.”
The Bubale-1X well is the third and final well in Murphy’s current three-well exploration campaign in Côte d’Ivoire. Following these results, Murphy will move into the next phase of evaluation, with one well planned for the second half of 2026 to test the extent of the discovery.
The Bubale-1X well was spud in late February 2026 by Murphy CI-709 Oil Co., Ltd., a subsidiary of Murphy Oil Corporation and operator of Block CI-709. Murphy holds a 90 percent working interest in the block, with Société Nationale d’Opérations Pétrolières de la Côte d’Ivoire (PETROCI) holding the remaining 10 percent.
ABOUT MURPHY OIL CORPORATION
Murphy Oil Corporation is an independent oil and natural gas company with a multi-basin onshore and offshore portfolio and significant exploration opportunities. The company has more than a century-long history of demonstrating strong execution and innovative, full-cycle development capabilities with a focus on value creation that drives shareholder returns. Murphy’s foresight and financial discipline, along with its culture of adaptability and accountability, will allow the company to continue its outstanding legacy and exceptional reputation. The company’s current operations include extensive inventory located onshore in the Eagle Ford Shale, Tupper Montney and Kaybob Duvernay, as well as offshore in the Gulf of America and Canada. Murphy also strives to create long-term shareholder value through offshore exploration and development in the Gulf of America, Vietnam and Côte d’Ivoire. Additional information can be found on the company’s website at www.murphyoilcorp.com.
FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identified through the inclusion of words such as “aim”, “anticipate”, “believe”, “drive”, “estimate”, “expect”, “forecast”, “future”, “goal”, “guidance”, “intend”, “may”, “objective”, “outlook”, “plan”, “position”, “potential”, “project”, “seek”, “should”, “strategy”, “target”, “will” or variations of such words and other similar expressions. These statements, which express management’s current views concerning future events, results and plans, are subject to inherent risks, uncertainties and assumptions (many of which are beyond our control) and are not guarantees of performance. In particular, statements, express or implied, concerning the company’s future operating results or activities and returns or the company's ability and intent to replace or increase reserves, increase production, generate returns and rates of return, replace or increase drilling locations, reduce or otherwise control operating costs and expenditures, generate cash flows, pay down or refinance indebtedness, achieve, reach or otherwise meet initiatives, plans, goals, ambitions or targets with respect to emissions, safety matters or other environmental, social and governance matters, make capital expenditures, pay and/or increase dividends or make share repurchases and other capital allocation decisions are forward-looking statements. Factors that could cause one or more of these future events, results or plans not to occur as implied by any forward-looking statement, which consequently could cause actual results or activities to differ materially from the expectations expressed or implied by such forward-looking statements, include, but are not limited to: macro conditions in the oil and natural gas industry, including supply and demand levels, actions taken by major oil exporters and the resulting impacts on commodity prices; geopolitical concerns; increased volatility or deterioration in the success rate of our exploration programs or in our ability to maintain production rates and replace reserves; reduced customer demand for our products due to environmental, regulatory, technological or other reasons; adverse foreign exchange movements; political and regulatory instability in the markets where we do business; the impact on our operations or markets of health pandemics and related government responses; natural hazards impacting our operations or markets; any other deterioration in our business, markets or prospects; cyber attacks and other cybersecurity risks; any failure to obtain necessary regulatory approvals; the impact of current and future laws, rulings and governmental regulations; any inability to service or refinance our outstanding debt or to access debt markets at acceptable prices; or adverse developments in the U.S. or global capital markets, credit markets, banking system or economies in general, including inflation, trade policies, tariffs and other trade restrictions. For further discussion of factors that could cause one or more of these future events or results not to occur as implied by any forward-looking statement, see “Risk Factors” in our most recent Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (“SEC”) and any subsequent Quarterly Report on Form 10-Q or Current Report on Form 8-K that we file, available from the SEC’s website and from Murphy Oil Corporation’s website at http://ir.murphyoilcorp.com. Investors and others should note that we may announce material information using SEC filings, press releases, public conference calls, webcasts and the investors page of our website. We may use these channels to distribute material information about the company; therefore, we encourage investors, the media, business partners and others interested in the company to review the information we post on our website. The information on our website is not part of, and is not incorporated into, this news release. Each forward-looking statement contained in this news release speaks only as of the date of this news release. Except as required by applicable law, Murphy Oil Corporation undertakes no duty to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
TORONTO, ON / ACCESS Newswire / June 23, 2026 / Fox River Resources Corporation (CSE:FOX) ("Fox River" or the "Company") is pleased to announce that, at its special meeting (the "Meeting") of the holders ("Shareholders") of common shares of the Company (the "Common Shares") and the holders ("Optionholders" and, together with the Shareholders, the "Securityholders") of options to purchase Common Shares (the "Options") held earlier today, the Securityholders approved a special resolution (the "Arrangement Resolution") approving the previously announced plan of arrangement, as amended in accordance with the interim order of the Ontario Superior Court of Justice (Commercial List), as amended (the "Arrangement"), pursuant to which Avenir Minerals Limited ("Avenir") will acquire all of the issued and outstanding Common Shares (other than Common Shares held by Avenir or any of its affiliates) for cash consideration of $1.10 for each Common Share held.
Voting Results
The Arrangement Resolution was required to be approved by an affirmative vote of at least: (i) two-thirds (66⅔%) of the votes cast on the Arrangement Resolution by Shareholders and Optionholders, voting as a single class with one vote for each Common Share and Option held; and (ii) a simple majority of the votes cast on the Arrangement Resolution by Shareholders, excluding any votes cast in respect of any Common Shares by any person required to be excluded in accordance with Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101").
The following is a summary of the votes cast on the Arrangement Resolution:
Votes For
% of Votes Cast
All Shareholders and Optionholders
62,658,295
97.819%
All Shareholders except those required to be excluded under MI 61-101
48,392,707
97.194%
Final Order and Anticipated Closing Date
Fox River will seek a final order of the Ontario Superior Court of Justice (Commercial List) (the "Final Order") approving the Arrangement. The hearing of the application for the Final Order is expected to take place on or about June 24, 2026. Subject to receipt of the Final Order and the satisfaction or waiver of certain other conditions to closing of the Arrangement as set out in the arrangement agreement dated May 4, 2026 between Fox River and Avenir (the "Arrangement Agreement"), the Arrangement is anticipated to be completed on July 2, 2026.
Further information regarding the Arrangement is provided in Fox River's management information circular dated May 21, 2026 and the Company's news releases dated June 12, 2026 and June 17, 2026, copies of which are available on SEDAR+ under Fox River's issuer profile at www.sedarplus.ca and on Fox River's website at www.fox-river.ca.
About Fox River Resources
Fox River holds a 100% interest in the Martison Phosphate Project near Hearst, Ontario. Planned as a vertically integrated operation, the project harnesses a high-grade, large-scale igneous phosphate deposit - capable of providing secure domestic supplies of phosphate fertilizers as well as PPA for the LFP battery industry. The project's Anomaly A deposit underpins a positive preliminary economic assessment with an effective date of April 21, 2022. More information is available at www.fox-river.ca or via Fox River's SEDAR+ profile.
On behalf of Fox River Resources Corporation
Stephen D. Case, President, Chief Executive Officer and Director
Website: www.fox-river.ca
For more information, please contact:
Stephen D. Case
President, Chief Executive Officer and Director
Fox River Resources Corporation
141 Adelaide Street West, Suite 301
Toronto, Ontario M5H 3L5
Email: [email protected] | Website: www.fox-river.ca
Certain of the statements and information in this news release constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian provincial securities laws. Forward-looking statements and information can be identified by statements that certain actions, events or results "could", "may", "should", "will" or "would" be taken, occur or achieved. All statements, other than statements of historical fact, are forward-looking statements or information. Forward-looking statements or information in this news release relate to, among other things: the anticipated effects of the Arrangement; Fox River's application for the Final Order; the anticipated timing of the hearing for the Final Order; receipt of the Final Order; the satisfaction or waiver of certain other conditions to closing of the Arrangement as set out in the Arrangement Agreement; and the anticipated timing of the closing of the Arrangement.
The forward-looking statements and information contained in this news release reflect Fox River's current views with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable by Fox River, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies.
Fox River cautions the reader that forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements or information contained in this news release and Fox River has made assumptions and estimates based on or related to many of these factors. In addition, in connection with the forward-looking statements contained in this press release, Fox River has made certain assumptions, including the ability of the parties to receive, in a timely manner and on satisfactory terms, the necessary court approvals; the ability of the parties to satisfy, in a timely manner, the other conditions for the completion of the Arrangement, and other expectations and assumptions concerning the proposed Arrangement. The anticipated dates indicated may change for a number of reasons, including the necessary court approvals, or the necessity to extend the time limits for satisfying the other conditions for the completion of the proposed Arrangement. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking financial information and statements are the following: the failure of the parties to obtain the necessary court approvals or to otherwise satisfy the conditions for the completion of the Arrangement; failure of the parties to obtain such approvals or satisfy such conditions in a timely manner; significant transaction costs or unknown liabilities; the failure to realize the expected benefits of the Arrangement; the effect of the announcement of the Arrangement on the ability of Fox River to retain and hire key personnel and maintain business relationships; the market price of the Common Shares and business generally; potential legal proceedings relating to the Arrangement and the outcome of any such legal proceeding; the inherent risks, costs and uncertainties associated with transitioning the business successfully and risks of not achieving all or any of the anticipated benefits of the Arrangement, or the risk that the anticipated benefits of the Arrangement may not be fully realized or take longer to realize than expected; the occurrence of any event, change or other circumstances that could give rise to the termination of the Arrangement Agreement and general economic conditions. Failure to obtain the necessary court approvals, or the failure of the parties to otherwise satisfy the conditions for the completion of the Arrangement, may result in the Arrangement not being completed on the proposed terms or at all. In addition, if the Arrangement is not completed, and Fox River continues as an independent entity, there are risks that the announcement of the Arrangement and the dedication of substantial resources by Fox River to the completion of the Arrangement could have an impact on its business and strategic relationships, including with future and prospective employees, customers, suppliers and partners, operating results and activities in general, and could have a material adverse effect on its current and future operations, financial condition and prospects. Additional risks, uncertainties and other factors are identified in Fox River's management information circular dated May 21, 2026 and Fox River's most recent management's discussion and analysis, each of which has been filed with the Canadian provincial securities regulatory authorities, as applicable.
Although Fox River has attempted to identify important factors that could cause actual results to differ materially from those set out or implied by the forward-looking statements and information, this list is not exhaustive and there may be other factors that cause results not to be as anticipated, estimated, described or intended. Investors should use caution when considering, and should not place undue reliance on any, forward-looking statements and information. Forward-looking statements and information are designed to help readers understand Fox River's current views in respect of the Arrangement and related matters and may not be appropriate for other purposes. Fox River does not intend, nor does it assume any obligation to update or revise forward-looking statements or information, whether as a result of new information, changes in assumptions, future events or otherwise, except to the extent required by law.
This news release does not constitute (and may not be construed to be) a solicitation or offer by Fox River or any of its respective directors, officers, employees, representatives or agents to buy or sell any securities of any person in any jurisdiction, or a solicitation of a proxy of any securityholder of any person in any jurisdiction, in each case, within the meaning of applicable laws.
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
Middleby schválila vyčlenění divize Food Processing do samostatné společnosti Midera Food Processing. Akcionáři dostanou 1 akcii Midera za každou akcii Middleby.
ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) today announced that its Board of Directors (the “Board”) has formally approved the previously announced spin-off of its Food Processing business, Midera Food Processing, Inc. (“Midera”).
To execute the spin-off, Middleby will distribute all of the issued and outstanding shares of Midera common stock pro rata to Middleby stockholders of record on June 26, 2026 (the “Record Date”). The Board expects the distribution to occur at 12:01 a.m. Eastern Time on July 6, 2026 (the “Distribution Date”), on the basis of a distribution ratio of one share of Midera common stock for every one share of Middleby common stock held as of 4:00 p.m. Central Time on the Record Date.
“Midera is entering an exciting new chapter as a pure-play food processing technology leader,” said Mark Salman, incoming Chief Executive Officer of Midera. “We have deep customer relationships, leading brands across protein, bakery, and snack processing, and a proven innovation engine that delivers real solutions. As an independent company, we’ll have the strategic focus and financial flexibility to accelerate our approach to delivering complete solutions that help food producers efficiently scale their operations. Our unique position in the market comes from our ability to integrate equipment, automation, and service into total line solutions as we seek to deliver the lowest total cost of ownership for our customers. We’re excited to capitalize on the significant growth opportunities ahead and create substantial shareholder value.”
“This separation represents the culmination of years of strategic planning and portfolio optimization,” said Tim FitzGerald, Chief Executive Officer of Middleby. “Both Middleby and Midera are well positioned to accelerate growth as independent companies, each with the strategic focus to pursue distinct opportunities in their respective markets. Middleby will continue driving innovation in commercial foodservice, from our beverage platform to our connected kitchen solutions and across all of our product categories. Midera enters the market as a leader in food processing automation with strong momentum. We’re confident this focused approach will drive significant value creation for our shareholders.”
Completion of the spin-off is conditioned upon the satisfaction or waiver of certain conditions, as set forth in the form of Separation and Distribution Agreement filed with the U.S. Securities and Exchange Commission (the “SEC”) as part of Midera’s registration statement on Form 10, which was declared effective by the SEC on June 17, 2026.
The spin-off is expected to be tax-free to Middleby stockholders for U.S. federal income tax purposes.
When-Issued Trading Market
Middleby anticipates that Midera common stock will begin trading on The Nasdaq Stock Market LLC (“Nasdaq”) under the ticker symbol “MFPVV” on a “when-issued” basis on or about June 26, 2026 and continuing through the Distribution Date. Midera common stock is expected to begin “regular-way” trading on Nasdaq under the ticker symbol “MFP” on July 7, 2026.
Shares of Middleby common stock are expected to continue to trade “regular-way” on Nasdaq under the current ticker symbol “MIDD” from the Record Date through the Distribution Date. However, beginning on June 26, 2026 and continuing through the Distribution Date, it is expected that there will be two markets in Middleby common stock on Nasdaq: a “regular-way” market under Middleby’s current ticker symbol “MIDD,” in which Middleby shares will trade with the right to receive shares of Midera common stock on the Distribution Date, and an “ex distribution” market under the ticker symbol “MIDDV”, in which Middleby shares will trade without the right to receive shares of Midera common stock on the Distribution Date.
Middleby stockholders are encouraged to consult their financial advisors regarding the specific implications of buying, selling or holding shares of Middleby common stock on or before the Distribution Date.
About The Middleby Corporation
The Middleby Corporation is a global leader in the foodservice industry. The company develops and manufactures a broad line of solutions used in commercial foodservice and food processing. Middleby showcases its advanced solutions in the Middleby Innovation Kitchens for commercial foodservice and industrial baking and protein Innovation Centers for food processing solutions. For more information about Middleby, please visit www.middleby.com.
About Midera Food Processing
Midera Food Processing provides food processing equipment and automation solutions for industrial protein, bakery, and snack producers, delivering total line solutions from preparation and thermal processing through packaging. With a portfolio of 30+ industry-leading brands reaching customers across six continents, Midera helps food processors produce safer, more consistent products while improving efficiency and reducing waste at scale. Headquartered in Rosemont, Illinois, the company employs approximately 2,800 people worldwide. For more information about Midera, please visit www.midera.com.
This press release contains “forward-looking statements” subject to the Private Securities Litigation Reform Act of 1995, including statements regarding The Middleby Corporation’s (“Middleby”) and Midera Food Processing, Inc.’s (“Midera” and each of Midera and Middleby, a “Company”) expectations with respect to the timing of the spin-off of Middleby’s Food Processing business into an independent, publicly traded company (the “Spin-off”) and each Company’s future performance. Each Company cautions investors that such statements are estimates and are highly dependent upon a variety of factors. These forward-looking statements involve known and unknown risks, uncertainties and other factors, which could cause each Company’s actual results, performance or outcomes to differ materially from those expressed or implied in the forward-looking statements. The following are some of the important factors that could cause each Company’s actual results, performance or outcomes to differ materially from those discussed in the forward-looking statements: changing market conditions; volatility in earnings resulting from goodwill impairment losses, which may occur irregularly and in varying amounts; variability in financing costs and interest rates; quarterly variations in operating results; dependence on key customers; risks associated with each Company’s foreign operations, including international exposure, political risks affecting international sales, market acceptance and demand for each Company’s products and each Company’s ability to manage the risk associated with the exposure to foreign currency exchange rate fluctuations; each Company’s ability to protect its trademarks, copyrights and other intellectual property; changing market conditions, including inflation; the impact of competitive products and pricing; the impact of announced management and organizational changes; intense competition in each Company’s business including the impact of both new and established global competitors; unfavorable tax law changes and tax authority rulings; cybersecurity attacks and other breaches in security; the continued ability to realize profitable growth through the sourcing and completion of strategic acquisitions; the timely development and market acceptance of each Company’s products; the availability and cost of raw materials; the possibility that the Spin-off will not be consummated within the anticipated time period or at all, including as the result of regulatory, market or other factors, including the possibility that various closing conditions for the Spin-off may not be satisfied; the potential disruption to each Company’s business in connection with the Spin-off; the potential that each Company does not realize all of the expected benefits of the Spin-off; the potential that the Spin-off may be more difficult, time consuming or costly than expected; the failure of the Spin-off to qualify for the expected tax treatment; potential adverse effects of the results of the Spin-off, including on the market price of each Company’s common stock, the ability of each Company to develop and maintain relationships with personnel, customers, suppliers and others with whom it does business or such Company’s business, financial condition, results of operations and financial performance; risks related to diversion of each Company’s management’s attention from its ongoing business operations due to the Spin-off; and other risks detailed in each Company’s SEC filings. All forward-looking statements are expressly qualified in their entirety by these cautionary statements. The forward-looking statements included in this press release are made only as of the date hereof and, except as required by federal securities laws and rules and regulations of the SEC, neither Company undertakes any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Monolithic Power Systems v 1. čtvrtletí 2026 zvýšila tržby z komunikačního segmentu o 55,5 % na 111,5 milionu USD. Růst táhne poptávka po 5G, optických sítích a optimalizaci pro AI.
Key Takeaways MPWR's communications revenues rose 55.5% year over year to $111.5 million in the first quarter of 2026.MPWR provides power-management ICs, DC-DC converters and voltage regulators for telecom systems.5G, fiber-optic networks and AI-based optimization are driving demand for MPWR's technologies. Monolithic Power Systems, Inc. (MPWR - Free Report) is strengthening its presence in the telecom semiconductor market with advanced power-management solutions for 5G infrastructure and networking equipment. In the first quarter of 2026, its communications segment generated $111.5 million in revenues, up 55.5% year over year, reflecting strong market demand.
Monolithic Power’s telecom portfolio focuses on efficient power conversion, voltage regulation and thermal management solutions for modern communication systems. Its products are used in applications such as base stations, routers, switches, optical modules and wireless communication equipment, where power efficiency and reliability are critical to maintaining network performance while reducing operating costs.
The company supplies components such as power-management ICs, DC-DC converters and voltage regulators that support compact, high-density telecom system designs. The growing adoption of 5G, fiber-optic networks and AI-based network optimization is further increasing demand for its advanced semiconductor technologies.
Monolithic Power continues to work with telecom equipment manufacturers to support next-generation telecom infrastructure. With rising investments in digital infrastructure and continued demand for energy-efficient networking systems, the company remains well-positioned for long-term growth in the telecom industry.
How Are Competitors Performing in the Telecom Industry?Monolithic Power faces stiff competition from Analog Devices, Inc. (ADI - Free Report) and Microchip Technology Incorporated (MCHP - Free Report) . Analog Devices is expanding in the telecom industry with semiconductor solutions for 5G networks, wireless communication and data infrastructure. ADI’s technology helps improve network speed, efficiency and overall communication performance.
Microchip supports the telecom industry with microcontrollers, timing devices and connectivity solutions for modern communication systems. Its products help enable secure data transmission and reliable network performance in wireless and broadband systems. Microchip is benefiting from rising demand for data centers, network security and advanced communication infrastructure.
MPWR’s Price Performance, Valuation & EstimatesMonolithic Power shares have soared 125.8% over the past year compared with the industry’s 90.6% growth.
Image Source: Zacks Investment Research
From a valuation standpoint, Monolithic Power trades at a forward price-to-sales ratio of 18.92, above the industry tally of 10.88.
Image Source: Zacks Investment Research
Earnings estimates for 2026 have increased 11.1% to $24.05 per share over the past 60 days, while the same for 2027 have risen 12.6% to $29.3.
Image Source: Zacks Investment Research
Monolithic Power stock currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
F5 uvedla AI Security Platform pro nepřetržitou kontrolu a ochranu firemních AI aplikací, modelů, agentů a API. Součástí je i akvizice SurePath AI kvůli odhalování shadow AI.
F5 Launches AI Security Platform to Put Security Leaders in Control of Enterprise AI Risk F5 (NASDAQ: FFIV), the global leader in delivering and securing every app and API, today introduced the F5 AI Security Platform to give CISOs continuous visibility, governance, and protection across enterprise AI applications, models, agents, and the APIs connecting them. F5 also announced the acquisition of SurePath AI, a pioneer in network-based AI discovery, intent classification, and shadow AI detection, as a key component in the launch of the new F5 AI Security Platform to safeguard enterprise AI deployments.
Through a continuous, adaptive loop approach to governing, discovering, testing, and protecting enterprise AI workloads, the new platform is designed to extend F5’s Application Delivery and Security Platform (ADSP) strategy to enterprise AI. As a global cybersecurity leader, F5 recognized the AI deployment realities of large enterprises, building the F5 AI Security Platform to support on-premises, air-gapped, private cloud, hybrid, and public cloud environments. This is intended to give organizations greater control over AI security where data residency, sovereignty, and operational requirements are non-negotiable.
AI systems now operate with more access, autonomy, and speed than even the most over-privileged human users, creating new risks for security teams and business leaders. A prompt injection, data leak, or agent acting beyond its authorized scope can expose sensitive information, disrupt operations, and erode customer trust.
At the same time, employees are adopting unauthorized tools and unsanctioned integrations, creating shadow AI footprints that most security teams cannot see, let alone govern. According to F5’s 2026 State of Application Strategy (SOAS) Report, 88% of organizations report at least one AI-related operational or security challenge.
“Most AI security today is a wrapper around a chatbot. That is not security,” said Kunal Anand, Chief Product Officer, F5. “Enterprises run AI inside regulated networks, behind APIs, and across agents that authenticate and act on their own. The F5 AI Security Platform gives CISOs and security leaders what they have been missing: continuous control over every model, agent, and API, wherever the AI runs, delivered on the same F5 platform that has secured and delivered enterprise applications for three decades.”
SurePath AI: Closing the AI visibility gap
The addition of SurePath AI powers the F5 AI Security Platform’s approach to network-based AI discovery, identifying AI usage across the enterprise, including shadow AI, without requiring direct application integrations. With frictionless deployment through network redirects and out-of-band analysis, SurePath AI gives security teams a unified visibility layer that detects unauthorized AI activity, classifies the intent behind each workflow, and continuously traces agent tool calls and MCP server connections. This visibility feeds directly into the F5 AI Security Platform, informing the risks to be tested by F5 AI Red Team and mitigated by F5 AI Guardrails.
Delivering a continuous cycle of protection
The F5 AI Security Platform addresses AI risk through four integrated pillars and an overarching observability layer that creates a persistent security lifecycle rather than a one-time compliance exercise. Features include:
AI governance: Translate specific risk tolerances, privacy requirements, and regulatory obligations into enforceable boundaries for AI prompts, outputs, tool use, and data access.
AI discovery: Gain continuous visibility into every AI application, agent, and MCP tool call running across the enterprise, whether sanctioned or not. The platform classifies activity by use case and intent, so teams know not just what is running but why. SurePath AI’s network-based discovery does this passively, with no application-level integration required.
AI security testing: Stress-test AI systems against more than 140,000 attack patterns from the deepest AI threat database in the industry before those systems reach production, converting findings directly into enforceable defenses.
AI runtime protection: Define guardrails in plain language and deploy them at the point of interaction, where the platform has demonstrated up to 98.2% security efficacy in independent testing, blocking prompt injection, excessive agent autonomy, and data leakage.
AI observability: Provide a complete audit trail across every AI interaction on the platform, maintaining the accountability and traceability that regulated industries require.
The flexibility to deploy anywhere without compromise
With this new solution, F5 uniquely combines AI security capabilities with flexible deployment options, enabling enterprises to operate across on-premises, air-gapped, private cloud, hybrid, and public cloud deployments. This is especially valuable to CISOs in highly regulated industries with exacting data residency and sovereignty requirements. SurePath AI’s lightweight network-based deployment model reinforces this flexibility, requiring no changes to existing application architectures.
Heightened visibility is increasingly critical as AI agents proliferate. F5’s 2026 SOAS Report states 98% of organizations are preparing for agentic AI, but the speed of agent adoption is outpacing the controls designed to manage it. When agents can authenticate, call tools, access data, and take actions autonomously, the blast radius of a single misconfiguration or exploit grows exponentially.
Supporting resources
F5 AI Security Platform – Details
The F5 AI Security Platform: Eliminating the guesswork from AI security – F5 blog
AI Summit: Accelerate AI adoption – F5 virtual event
About F5
F5, Inc. (NASDAQ: FFIV) is the global leader that delivers and secures every app. Backed by three decades of expertise, F5 has built the industry’s premier platform—F5 Application Delivery and Security Platform (ADSP)—to deliver and secure every app, every API, anywhere: on-premises, in the cloud, at the edge, and across hybrid, multicloud environments. F5 is committed to innovating and partnering with the world’s largest and most advanced organizations to deliver fast, available, and secure digital experiences. Together, we help each other thrive and bring a better digital world to life.
For more information visit [url="]f5.com [/url]
Explore F5 Labs threat research at [url="]f5.com/labs [/url]
Follow to learn more about F5, our partners, and technologies:
Blog | LinkedIn | X | YouTube | Instagram | Facebook
F5 and SurePath AI are trademarks, service marks, or tradenames of F5, Inc. or its affiliates in the U.S. and other countries. All other product and company names herein may be trademarks of their respective owners.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260622960969/en/
Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.
SPS Commerce podle zdrojů zvažuje prodej pod tlakem aktivistických investorů a na procesu spolupracuje s Morgan Stanley. Zájem mají projevit private equity firmy.
U.S. dollar banknotes are seen in this illustration taken March 24, 2026. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights, opens new tab
CompaniesNEW YORK, June 23 (Reuters) - Supply chain software maker SPS Commerce (SPSC.O), opens new tab is exploring a sale amid pressure from activist investors, according to three people familiar with the matter.
The company is working with investment bank Morgan Stanley (MS.N), opens new tab on the potential sale, which is expected to draw interest from private equity firms, the sources said, requesting anonymity to discuss confidential matters.
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SPS Commerce and Morgan Stanley did not immediately respond to requests for comment.
Minneapolis-based SPS Commerce provides cloud-based software that helps retailers, suppliers and distributors manage logistics, inventory and electronic data interchange across their supply chains. It serves more than 50,000 customers globally, including retailers Walmart, Costco, Macy’s, Best Buy, Adidas and Hershey.
SPS Commerce faces pressure from activist investors, including Anson Funds and Irenic Capital, which disclosed stakes in the company in December and early April, respectively, and pushed for changes, including leadership shifts and a review of strategic alternatives, including a potential sale.
In February, Anson reached, opens new tab a cooperation agreement with SPS that saw two new directors join the company's board and one current director step down.
Shares of SPS Commerce have lost more than 80% over the last year, leaving the company with a market capitalization of roughly $2 billion. Investors have pulled back from software stocks due to the uncertainty over AI's impact on the sector.
SPS Commerce has posted double-digit revenue growth in the past, including 18% in 2025, but the firm expects to increase revenue 6% to 7% in 2026. Investors have grown more cautious on software valuations and the sector’s outlook.
(This story has been corrected to fix the date of Anson stake disclosure in paragraph 5)
Reporting by Milana Vinn in New York; editing by Colin Barr, Rod Nickel and Cynthia Osterman
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Milana Vinn reports on technology, media, and telecom (TMT) mergers and acquisitions. Her content usually appears in the markets and deals sections of the website. Milana previously worked at GLG and PE Hub, where she spent several years covering TMT deals in private equity. She graduated from CUNY Graduate School of Journalism with Masters in Business Journalism.
Credo Technology Group prudce roste poté, co Stifel zvýšil cílovou cenu na $350 a Evercore ISI zahájil pokrytí s cílem $325. Akcie jsou na novém 52týdenním maximu.
Credo Technology Group (NASDAQ:CRDO) stock climbed Monday after Wall Street analysts raised their outlook on the AI connectivity chipmaker.
On Monday, Stifel maintained its Buy rating on Credo and increased its price forecast to $350. Evercore ISI Group initiated coverage on Credo with an Outperform rating. The firm announced a price forecast of $325.
The update follows recent recommendations from market commentator Jim Cramer, who recommended holding the stock on June 15, describing the company as “just so good.”
The analyst upgrades follow Credo’s fiscal fourth-quarter earnings report, published after the market close on June 1. The company posted revenue of $437 million, beating analyst estimates of $432.05 million. Adjusted earnings reached $1.16 per share, ahead of expectations of $1.03 per share.
Total revenue rose 157% year-over-year, supported by $1.4 billion in cash and short-term investments. Despite the earnings beat, the stock initially fell 13.67% to $195.32 during after-hours trading on June 1 due to short-term trader de-risking.
Workplace Honors and Corporate MissionCRDO’s Key Support and Resistance LevelsCRDO is in a clear long-term uptrend, trading well above every major moving average: about 23.8% above the 20-day SMA ($231.84) and roughly 86.8% above the 200-day SMA ($153.60).
Trend structure has stayed constructive since the golden cross in May (the 50-day SMA moving above the 200-day SMA), and the stock has continued to build on that bullish backdrop.
Key Resistance: $274.90 Key Support: $231.84 Credo Technology Price ActionCRDO Price Action: Credo Technology Group shares were up 5.04% at $285.52 during premarket trading on Monday. The stock is trading at a new 52-week high, according to Benzinga Pro data.
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BNP Paribas vidí u Credo adresovatelný trh nad 10 miliardami USD, protože agentic AI pohání budování backendových i frontendových sítí u hyperscalerů a neocloudů. Evercore ISI zahájila pokrytí CRDO s doporučením Outperform a cílovou cenou 325 USD.
The firm sees Credo’s total addressable market swelling above $10 billion as agentic AI drives backend and frontend network builds across hyperscalers and neoclouds.
CRDO stock is moving. See the chart and price action here. BNP Paribas underscores that Credo’s push into optics is additive, not a signal that short‑reach copper is fading.
The company still expects roughly half of its roughly 80% year‑over‑year fiscal 2027 growth to come from Active Electrical Cables, implying about 47% growth to approximately $1.8 billion of AEC revenue.
Credo argues its SerDes-plus system‑level approach yields tighter integration, better reliability, and latency of roughly 6 ns versus peers at around 10 ns, which could matter as AI clusters become more scale‑out and latency-sensitive.
Optics Optics is the other major leg of the story. BNP Paribas expects more than $600 million of fiscal 2027 revenue from ZeroFlap (ZF) optical transceivers, optical DSPs and DustPhotonics Ltd photonic integrated circuits, approaching a 25% mix and offering margin accretion versus the corporate average.
Credo plans to ship hundreds of thousands of ZF transceiver units per month by late fiscal 2027, with a two to three-times volume ramp over the subsequent years as it broadens beyond its initial two hyperscalers and two neoclouds.
The DustPhotonics acquisition is central to Credo’s optical differentiation. DustPhotonics’ PICs use proprietary Low Loss Laser Coupling technology to cut laser count by about 75%, from eight lasers to two.
Branching OutCustomer concentration risk appears to be easing with BNP Paribas expecting Credo to have three to four 10% hyperscale customers in fiscal 2027.
Evercore ISI initiated coverage on CRDO Monday with an Outperform rating and a $325 price target. The analysts highlighted Credo’s systems approach—design, manufacturing, and end‑to‑end testing—as a key competitive advantage versus traditional optical module vendors.
The firm expects Credo’s optical revenue alone to reach more than $600 million by 2028, supported by investments in optical DSPs and differentiated module architectures.
The TakeawayTaken together, both firms view Credo as evolving from a pure‑play AEC vendor into a dual copper‑and‑optical AI connectivity platform with hyperscaler‑grade scale, expanding TAM and a roadmap tied directly to the next wave of agentic AI infrastructure build‑outs.
CRDO Stock Price Activity: Credo stock was up 7.67% at $292.67 at the time of publication on Monday, according to data from Benzinga Pro.
Over the past month, CRDO has gained about 27.4% versus a 0.7% decline in the S&P 500 and is up roughly 96% year-to-date compared to the index’s 8.6% gain. The stock is trading at new 52-week highs.
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MSCI kupuje First Street za 120 milionů USD, aby posílila své nástroje pro hodnocení fyzického klimatického rizika. Dohoda má být uzavřena ve 3. čtvrtletí 2026.
NEW YORK--(BUSINESS WIRE)--MSCI Inc. (NYSE: MSCI) is enhancing its global physical climate risk capabilities with the acquisition of First Street, a leading provider of physics-based climate risk data and analytics for every property in the world.
Investors, financial institutions and companies are demanding physical climate risk insights embedded directly into investment and risk workflows to inform critical financial decision making, as climate-related physical risks accelerate globally. First Street’s own research shows that companies have become more than 6.5 times as likely to issue profit warnings following extreme weather events in the past two decades.i
The integration of First Street’s data and tools into MSCI’s extensive climate and geospatial solutions will enable quantified assessments of financially relevant physical climate risk at any geographic coordinate and across more than 2 billion structures worldwide.ii
These additional capabilities can help institutions meet rising regulatory and reporting requirements while supporting physical risk management and adaptation and resilience planning.
First Street provides multi-hazard models that incorporate climate signals and are validated against observed events to assess current and future physical risk exposure, asset damage and business interruption.
Powered by proprietary data on building characteristics, infrastructure dependencies and site-level adaptation, these models translate physical hazards into measurable financial impact estimates. The interactive platform delivers these insights through visualizations and on-demand, customizable analytics for individual properties, companies and portfolios within one unified AI-enabled workflow.
As extreme weather and geopolitical disruption are making asset location a critical factor in evaluating investment risk and opportunity, the ability of banks, insurance companies, asset managers, asset owners and companies to analyze and act upon location-based risks could be a key determinant of future success. This trend is reflected in major European central banks’ use of MSCI data to enable them to better identify climate risks across their loan books.
The acquisition further strengthens MSCI’s long-established leadership in climate investment tools and research, building on decades of expertise in geospatial intelligence, climate scenario analysis and transition finance to deliver greater transparency, innovation and scalability.
Richard Mattison, Head of Sustainability and Climate at MSCI, said: “The financial consequences of where assets are located have come into sharp focus due to the recent geopolitical turmoil, supply chain disruption and the growing impact of climate hazards. In response, investors, lenders and insurers are increasingly looking for more in-depth and actionable analysis of the physical risk held in the footprint of a company’s operations and investments.
“The integration of First Street data into MSCI’s existing geospatial capabilities will enable clients to be better informed about their changing risk exposures and translate that directly into financial decision-making.”
Matthew Eby, Founder and CEO at First Street, said: “First Street was built on the simple conviction that every financial decision should account for a changing climate. We built the Climate Risk Financial Modeling (CRFM) category to turn that conviction into reality. Joining MSCI puts our property-level science in front of the world’s leading investors, lenders and insurers and turns climate risk from a disclosure exercise into a daily input for how capital is priced and allocated.”
The transaction consideration includes a cash payment of $120 million at closing (subject to customary closing adjustments), with the potential for additional cash payments during the first two years following closing if certain revenue thresholds are achieved. The transaction is expected to close in the third quarter of 2026, subject to regulatory approvals and customary closing conditions. Following closing, First Street's financial results will be reported within MSCI's Sustainability and Climate segment.
About MSCI
MSCI Inc. (NYSE: MSCI) strengthens global markets by connecting participants across the financial ecosystem with a common language. Our research-based data, analytics and indexes, supported by advanced technology, set standards for global investors and help our clients understand risks and opportunities so they can make better decisions and unlock innovation. We serve asset managers and owners, private-market sponsors and investors, hedge funds, wealth managers, banks, insurers and corporates. To learn more, please visit www.msci.com. #IR
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements relate to future events or performance and involve risks that may cause actual results or performance to differ materially, and you should not place undue reliance on them. Risks that could affect results or performance are in MSCI’s Annual Report on Form 10-K for the most recent fiscal year ended on December 31 that is filed with the SEC. MSCI does not undertake to update any forward-looking statements. No information herein constitutes investment advice or should be relied on as such. MSCI grants no right or license to use its products or services without an appropriate license. MSCI MAKES NO EXPRESS OR IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE OR OTHERWISE WITH RESPECT TO THE INFORMATION HEREIN AND DISCLAIMS ALL LIABILITY TO THE MAXIMUM EXTENT PERMITTED BY LAW.
i The New Cost of Doing Business, 16 Risk Assessment, by First Street, March 2026.
ii Since September 2025.
COLUMBUS, Ohio, June 23, 2026 (GLOBE NEWSWIRE) -- The Worthington Enterprises Inc. (NYSE: WOR) board of directors today declared a quarterly dividend of $0.20 per share, which represents an increase of $0.01 per share or 5% from the prior quarter. The dividend is payable on September 29, 2026, to shareholders of record on September 15, 2026. The company has paid a quarterly dividend since its initial public offering in 1968.
The board of directors also appointed accomplished manufacturing and building products executive Brad Southern as its newest member. Southern retired as Chairman and CEO of Louisiana-Pacific Corporation (LP) Building Solutions earlier this year. He joined LP in 1999, became CEO in 2017 and Chairman in 2020. Prior to joining LP, Southern held operational, financial and strategic planning leadership roles with MacMillan Bloedel. He is currently Chairman of the board of directors of the Nashville branch of the Federal Reserve Bank of Atlanta. He previously served on the boards of GMS Inc., Astec Industries, Keller Group, and several nonprofit and industry organizations.
Worthington Enterprises Board Chairman John Blystone said, “Brad brings our board of directors more than 40 years of leadership experience across operations, strategy, finance and corporate governance. Throughout his career, he led large-scale building products, manufacturing and commercial organizations with responsibility for multi-billion-dollar revenue operations and a broad portfolio of engineered solutions. We are grateful for his commitment and confident that his expertise will positively impact our strategies to create value and grow Worthington Enterprises.”
Worthington Enterprises will hold its quarterly earnings conference call tomorrow at 8:30 a.m. ET. The company will discuss its fiscal fourth quarter results, which will be released after the market closes this afternoon.
LIVE CONFERENCE CALL DETAILSDate:Wednesday, June 24, 2026Webcast Link:https://events.q4inc.com/attendee/686020142Starting Time:8:30 a.m. ETDomestic Participants:833-461-5787Conference ID:686020142 About Worthington Enterprises
Worthington Enterprises (NYSE: WOR) is a designer and manufacturer of market-leading brands that improve everyday life by elevating spaces and experiences. The company operates with two primary business segments: Building Products and Consumer Products. The Building Products segment includes heating and cooling, cooking, construction and water solutions, and building systems including HVAC and metal roofing components, architectural and acoustical grid ceilings, and metal framing and accessories. The Consumer Products segment provides solutions for the tools, outdoor living and celebrations categories. Product brands within the Worthington Enterprises portfolio include Balloon Time®, Bernzomatic®, BPD, Coleman® (propane cylinders), CoMet®, Elgen, Garden Weasel®, General®, HALO™, Hawkeye™, LEVEL5 Tools®, Logan Stampings, Mag Torch®, NEXI™, Pactool International®, PowerCore™, Ragasco®, Roof Hugger®, Well-X-Trol® and XLite™, among others.
Headquartered in Columbus, Ohio, Worthington Enterprises employs approximately 4,000 people throughout North America and Europe.
Founded in 1955 as Worthington Industries, Worthington Enterprises follows a people-first Philosophy with earning money for its shareholders as its first corporate goal. Worthington Enterprises achieves this outcome by empowering its employees to innovate, thrive and grow with leading brands in attractive markets that improve everyday life. The company engages deeply with local communities where it has operations through volunteer efforts and The Worthington Companies Foundation, participates actively in workforce development programs and reports annually on its corporate citizenship and sustainability efforts. For more information, visit worthingtonenterprises.com.
Forward-Looking Statements
Statements by Worthington Enterprises that are not limited to historical information constitute “forward-looking statements” under federal securities laws. Forward-looking statements are subject to various risks, uncertainties and other factors that may cause actual results to differ materially from those expected by Worthington Enterprises. Readers should evaluate forward-looking statements in the context of such risks, uncertainties and other factors, many of which are described in Worthington Enterprises’ filings with the Securities and Exchange Commission (“SEC”). Forward-looking statements are qualified by the cautionary statements included in Worthington Enterprises’ SEC filings and other public communications. This press release speaks only as of the date hereof. Worthington Enterprises does not undertake any obligation to update or revise its forward-looking statements except as required by applicable law or regulation.
Sonya L. Higginbotham
Senior Vice President
Chief of Corporate Affairs, Communications and Sustainability
614.438.7391 [email protected]
Marcus A. Rogier
Treasurer and Investor Relations Officer
614.840.4663 [email protected]
200 Old Wilson Bridge Rd.
Columbus, Ohio 43085
WorthingtonEnterprises.com
Worthington Enterprises ve 4. čtvrtletí zvýšila tržby o 17 % na 371,5 mil. USD a čistý zisk vyskočil na 48,1 mil. USD z 3,6 mil. USD. Za celý rok tržby vzrostly o 20 % na 1,4 mld. USD.
COLUMBUS, Ohio, June 23, 2026 (GLOBE NEWSWIRE) -- Worthington Enterprises Inc. (NYSE: WOR), a designer and manufacturer of market-leading building and consumer products that improve everyday life by elevating spaces and experiences, today reported results for its fiscal 2026 fourth quarter and full-year ended May 31, 2026.
Recent Developments and Highlights (comparisons to the prior-year period unless otherwise stated)
Fourth Quarter fiscal 2026
Net sales were $371.5 million, an increase of 17%, including $44.1 million from recent acquisitions and 3% from organic growth.Net earnings increased to $48.1 million from $3.6 million, while adjusted net earnings were $47.7 million and adjusted EBITDA was $83.5 million.Earnings per share on a fully diluted basis (“EPS – diluted”) improved to $0.97 from $0.08 per share, while adjusted EPS – diluted was $0.97 per share compared to $1.06.Operating cash flow increased $9.2 million to $71.6 million, while free cash flow increased $5.8 million to $55.1 million.Repurchased 350,000 common shares for $18.2 million, leaving 4,565,000 common shares available under the company’s existing repurchase authorization.Declared a quarterly dividend of $0.20 per common share payable on September 29, 2026, to shareholders of record at the close of business on September 15, 2026, representing a 5% increase, or $0.01 per share, compared to the prior quarter. Full-Year fiscal 2026
Net sales were $1.4 billion, an increase of 20%, including $121.7 million from recent acquisitions and 9% from organic growth. Net earnings increased 63% to $155.0 million, while adjusted net earnings increased 8% to $167.6 million and adjusted EBITDA grew 12% to $295.8 million.EPS – diluted improved to $3.14 from $1.92 per share, while adjusted EPS – diluted increased to $3.37 per share from $3.09 per share.Operating cash flow increased 8% to $226.1 million, while free cash flow improved 7% to $170.2 million.Completed the acquisitions of Elgen Manufacturing (“Elgen”) and LSI Group (“LSI”), further expanding the company’s building products portfolio and strengthening its position across the building envelope.
“We closed fiscal 2026 with another quarter of solid performance, delivering positive organic growth and strong free cash flow while continuing to execute our strategy,” said Worthington Enterprises President and CEO Joe Hayek. “For the full year, our teams drove double-digit growth in adjusted EBITDA, expanded margins in our wholly owned businesses and maintained a strong balance sheet. I want to thank my colleagues around the world for their continued commitment to serving our customers and delivering value for our shareholders. Their dedication continues to strengthen our business.”
Financial highlights for the current year and prior year quarters are as follows:
(U.S. dollars in millions, except per share amounts) 4Q 2026 4Q 2025 GAAP Financial Measures Net sales $371.5 $317.9 Operating income (loss) 23.2 (30.4)Earnings before income taxes 59.8 8.3 Net earnings 48.1 3.6 EPS – diluted 0.97 0.08 Net cash provided by operating activities 71.6 62.4 Non-GAAP Financial Measures (1) Adjusted operating income $25.5 $21.8 Adjusted EBITDA 83.5 85.1 Adjusted net earnings 47.7 53.1 Adjusted EPS – diluted 0.97 1.06 Free cash flow 55.1 49.3 (1) Refer to the “GAAP / Non-GAAP Reconciliations” and the “Use of Non-GAAP Financial Measures and Definitions” sections of this release for additional information regarding the use of non-GAAP financial measures and reconciliations to the most directly comparable financial measures calculated and presented in accordance with GAAP.
Consolidated Quarterly Results
Net sales for the fourth quarter of fiscal 2026 increased $53.6 million, or 16.9%, over the prior year quarter to $371.5 million. Recent acquisitions contributed $44.1 million to net sales in the current year quarter. Excluding the impact of acquisitions, net sales increased $9.5 million, or 3.0%, compared to the prior year quarter.
Operating income increased $53.6 million to $23.2 million. Results in the prior year quarter included nonrecurring items totaling $52.2 million, resulting primarily from the non-cash write-down of intangible assets in the General Tools & Instruments (“GTI”) business. On an adjusted basis, operating income increased $3.7 million in the quarter to $25.5 million, reflecting contributions from recent acquisitions.
Equity in net income of unconsolidated affiliates decreased $4.6 million from the prior year quarter to $38.1 million, primarily due to lower contributions from ClarkDietrich, which were down $6.8 million. Contributions from WAVE remained strong at $32.3 million and were largely consistent with the prior year quarter, while higher contributions from the Workhorse and SES joint ventures partially offset the decline. Equity income in the prior year quarter included a $3.4 million non-cash impairment charge at the SES joint venture.
Income tax expense was $11.7 million in the fourth quarter of fiscal 2026, compared to $4.7 million in the prior year quarter. The increase was driven by higher pre-tax earnings. Income tax expense in the fourth quarter of fiscal 2026 reflects an annual effective rate of 22.9%, compared to 26.1% in the prior year, which was impacted by certain discrete items. On an adjusted basis, the annual effective tax rate was 23.3%, compared to 23.0% in the prior year.
Balance Sheet and Cash Flow
Total debt at quarter end was $305.9 million, consisting entirely of long-term debt, an increase of $3.0 million from May 31, 2025, primarily due to the remeasurement of the company’s euro-denominated notes. The company had no borrowings under its revolving credit facility as of May 31, 2026, leaving $500.0 million available for future use and providing substantial liquidity.
The company ended the quarter with cash of $27.7 million, a decrease of $222.4 million from May 31, 2025, primarily reflecting the acquisitions of Elgen and LSI. During the fourth quarter of fiscal 2026, the company generated operating cash flow of $71.6 million, of which $16.5 million was invested in capital expenditures, resulting in free cash flow of $55.1 million, up from $49.3 million in the prior year quarter. Capital expenditures in the current year quarter included approximately $6.6 million related to ongoing facility modernization projects, which remain on track and are expected to be completed during fiscal 2027.
Quarterly Segment Results
Building Products generated net sales of $245.3 million in the current year quarter, an increase of $53.0 million, or 27.6%, over the prior year quarter. The increase was primarily driven by the impact of acquisitions, which contributed $44.1 million to net sales in the current year quarter. Excluding the impact of acquisitions, net sales increased $8.9 million, or 4.6% compared to the prior year quarter. Adjusted EBITDA decreased $2.7 million, mainly driven by a $6.8 million decline in equity income contributions from ClarkDietrich and less favorable product mix compared to the prior year quarter.
Consumer Products generated net sales of $126.1 million in the current year quarter, up $0.6 million from the prior year quarter, driven by higher average selling prices, which were mostly offset by lower volume. Adjusted EBITDA increased $3.5 million to $24.3 million, driven by gross margin improvement and lower SG&A expense.
Outlook
“As we enter fiscal 2027, we are building on the momentum we created this year,” Hayek said. “Our teams remain focused on innovation, transformation and strategic M&A as we continue to strengthen our market positions, integrate recent acquisitions, expand our capabilities and deliver value for our customers. Supported by strong free cash flow generation and a healthy balance sheet, we are excited about the opportunities ahead and remain focused on creating long-term shareholder value.”
Conference Call
The company will review fiscal 2026 fourth quarter and full-year results during its quarterly conference call on June 24, 2026, at 8:30 a.m. Eastern Time. Details regarding the conference call can be found on the company website at www.WorthingtonEnterprises.com.
About Worthington Enterprises
Worthington Enterprises (NYSE: WOR) is a designer and manufacturer of market-leading brands that improve everyday life by elevating spaces and experiences. The company operates with two primary business segments: Building Products and Consumer Products. The Building Products segment includes heating and cooling, cooking, construction and water solutions, and building systems including HVAC and metal roofing components, architectural and acoustical grid ceilings, and metal framing and accessories. The Consumer Products segment provides solutions for the tools, outdoor living and celebrations categories. Product brands within the Worthington Enterprises portfolio include Balloon Time®, Bernzomatic®, BPD, Coleman® (propane cylinders), CoMet®, Elgen, Garden Weasel®, General®, HALO™, Hawkeye™, LEVEL5 Tools®, Logan Stampings, Mag Torch®, NEXI™, Pactool International®, PowerCore™, Ragasco®, Roof Hugger®, Well-X-Trol® and XLite™, among others.
Headquartered in Columbus, Ohio, Worthington Enterprises and its joint ventures employ approximately 6,000 people throughout North America and Europe.
Founded in 1955 as Worthington Industries, Worthington Enterprises follows a people-first Philosophy with earning money for its shareholders as its first corporate goal. Worthington Enterprises achieves this outcome by empowering its employees to innovate, thrive and grow with leading brands in attractive markets that improve everyday life. The company engages deeply with local communities where it has operations through volunteer efforts and The Worthington Companies Foundation, participates actively in workforce development programs and reports annually on its corporate citizenship and sustainability efforts. For more information, visit worthingtonenterprises.com.
Safe Harbor Statement
Selected statements contained in this release constitute “forward-looking statements,” as that term is used in the Private Securities Litigation Reform Act of 1995 (the “Act”). We wish to take advantage of the safe harbor provisions included in the Act. Forward-looking statements reflect the company’s current expectations, estimates or projections concerning future results or events. These statements are often identified by the use of forward-looking words or phrases such as “believe,” “expect,” “anticipate,” “may,” “could,” “should,” “would,” “intend,” “plan,” “will,” “likely,” “estimate,” “project,” “position,” “strategy,” “target,” “aim,” “seek,” “foresee” and similar words or phrases. These forward-looking statements include, without limitation, statements relating to: future or expected cash positions, liquidity and ability to access financial markets and capital; outlook, strategy or business plans; future or expected growth, growth potential, forward momentum, performance, competitive position, sales, volumes, cash flows, earnings, margins, balance sheet strengths, debt, financial condition or other financial measures; pricing trends for raw materials and finished goods and the impact of pricing changes; the ability to improve or maintain margins; expected demand or demand trends; additions to product lines and opportunities to participate in new markets; expected benefits from transformation and innovation efforts; the ability to improve performance and competitive position; anticipated working capital needs, capital expenditures and asset sales; anticipated improvements and efficiencies in costs, operations, sales, inventory management, sourcing and the supply chain and the results thereof; projected profitability potential; the ability to make acquisitions and the projected timing, results, benefits, costs, charges and expenditures related to acquisitions, joint ventures, headcount reductions and facility dispositions, shutdowns and consolidations; projected capacity and the alignment of operations with demand; the ability to operate profitably and generate cash in down markets; the ability to capture and maintain market share and to develop or take advantage of future opportunities, customer initiatives, new businesses, new products and new markets; expectations for inventories, jobs and orders; expectations for the economy and markets or improvements therein; expectations for generating improving and sustainable earnings, earnings potential, margins or shareholder value; effects of judicial rulings; effects of pandemics and widespread health crises and the various responses of governmental and nongovernmental authorities thereto on economies and markets, and on the company’s customers, counterparties, employees and third-party service providers; and other non-historical matters.
Because they are based on beliefs, estimates and assumptions, forward-looking statements are inherently subject to risks and uncertainties that could cause actual results to differ materially from those projected. Any number of factors could affect actual results, including, without limitation, those that follow: the effect of conditions in national and worldwide financial markets, including inflation, increases in interest rates and economic recession, and with respect to the ability of financial institutions to provide capital; the impact of tariffs, the adoption of trade restrictions affecting the company’s products or suppliers, a United States withdrawal from or significant renegotiation of trade agreements, the occurrence of trade wars, the closing of border crossings, and other changes in trade regulations or relationships; changing oil prices and/or supply; product demand and pricing; changes in product mix, product substitution and market acceptance of the company’s products; volatility or fluctuations in the pricing, quality or availability of raw materials (particularly steel), supplies, transportation, utilities, labor and other items required by operations; effects of sourcing and supply chain constraints; the outcome of adverse claims experience with respect to workers’ compensation, product recalls or product liability, casualty events or other matters; effects of facility closures and the consolidation of operations; the effect of financial difficulties, consolidation and other changes within the steel, automotive, construction and other industries in which we participate; failure to maintain appropriate levels of inventories; financial difficulties (including bankruptcy filings) of original equipment manufacturers, end-users and customers, suppliers, joint venture partners and others with whom we do business; the ability to realize targeted expense reductions from headcount reductions, facility closures and other cost reduction efforts; the ability to realize cost savings and operational, sales and sourcing improvements and efficiencies, and other expected benefits from transformation initiatives, on a timely basis; the overall success of, and the ability to integrate, newly-acquired businesses and joint ventures, maintain and develop their customers, and achieve synergies and other expected benefits and cost savings therefrom; capacity levels and efficiencies, within facilities, within major product markets and within the industries in which we participate as a whole; the effect of disruption in the business of suppliers, customers, facilities and shipping operations due to adverse weather, casualty events, equipment breakdowns, labor shortages, interruption in utility services, civil unrest, international conflicts, terrorist activities or other causes; changes in customer demand, inventories, spending patterns, product choices, and supplier choices; risks associated with doing business internationally, including economic, political and social instability, foreign currency exchange rate exposure and the acceptance of the company’s products in global markets; the ability to improve and maintain processes and business practices to keep pace with the economic, competitive and technological environment; the effect of inflation, interest rate increases and economic recession, which may negatively impact the company’s operations and financial results; deviation of actual results from estimates and/or assumptions used in the application of its significant accounting policies; the level of imports and import prices in the company’s markets; the impact of environmental laws and regulations or the actions of the United States Environmental Protection Agency or similar regulators which increase costs or limit the company’s ability to use or sell certain products; the impact of increasing environmental, greenhouse gas emission and sustainability regulations and considerations; the impact of judicial rulings and governmental regulations, both in the United States and abroad, including those adopted by the United States Securities and Exchange Commission and other governmental agencies as contemplated by the Coronavirus Aid, Relief and Economic Security (CARES) Act, the Consolidated Appropriations Act, 2021, the American Rescue Plan Act of 2021, and the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010; the effect of healthcare laws in the United States and potential changes for such laws, which may increase the company’s healthcare and other costs and negatively impact the company’s operations and financial results; the effects of tax laws in the United States and potential changes for such laws, which may increase the company’s costs and negatively impact the company’s operations and financial results; cyber security risks; the effects of privacy and information security laws and standards; and other risks described from time to time in the company’s filings with the United States Securities and Exchange Commission, including those described in “Part I – Item 1A. – Risk Factors” of the Annual Report on Form 10-K for the fiscal year ended May 31, 2025.
Forward-looking statements should be construed in the light of such risks. We note these factors for investors as contemplated by the Act. It is impossible to predict or identify all potential risk factors. Consequently, readers should not consider the foregoing list to be a complete set of all potential risks and uncertainties. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date made. We do not undertake, and hereby disclaim, any obligation to update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by applicable law.
WORTHINGTON ENTERPRISES, INC.
CONSOLIDATED STATEMENTS OF EARNINGS
(In thousands, except per common share amounts) Three Months Ended Twelve Months Ended May 31, May 31, 2026 2025 2026 2025 Net sales $371,456 $317,884 $1,381,292 $1,153,762 Cost of goods sold 269,568 224,650 1,003,017 834,727 Gross profit 101,888 93,234 378,275 319,035 Selling, general and administrative expense 77,935 71,454 294,966 268,413 Impairment of long-lived assets - 50,813 - 50,813 Restructuring and other expense, net 794 1,372 7,100 10,524 Operating income (loss) 23,159 (30,405) 76,209 (10,715)Other income (expense): Miscellaneous income (expense), net 1,358 (4,031) (3,244) (3,222)Interest (expense) income, net (2,885) 60 (6,248) (2,090)Equity in net income of unconsolidated affiliates 38,141 42,707 134,631 144,836 Earnings before income taxes 59,773 8,331 201,348 128,809 Income tax expense 11,708 4,717 46,313 33,839 Net earnings 48,065 3,614 155,035 94,970 Net loss attributable to noncontrolling interest (81) (263) (1,050) (1,083)Net earnings attributable to controlling interest $48,146 $3,877 $156,085 $96,053 Basic Weighted average common shares outstanding 48,795 49,253 49,073 49,395 Earnings per share attributable to controlling interest $0.99 $0.08 $3.18 $1.94 Diluted Weighted average common shares outstanding 49,404 49,997 49,716 50,131 Earnings per share attributable to controlling interest $0.97 $0.08 $3.14 $1.92 Cash dividends declared per common share $0.19 $0.17 $0.76 $0.68 WORTHINGTON ENTERPRISES, INC.
CONSOLIDATED BALANCE SHEETS
(In thousands)
May 31, 2026 2025 Assets Current assets: Cash and cash equivalents $27,725 $250,075 Receivables, less allowances of $1,310 and $907, respectively 228,168 215,824 Inventories Raw materials 110,536 80,522 Work in process 9,490 9,408 Finished products 87,270 79,463 Total inventories 207,296 169,393 Income taxes receivable 20,016 12,720 Prepaid expenses and other current assets 41,269 37,358 Total current assets 524,474 685,370 Investments in unconsolidated affiliates 118,048 129,262 Operating lease assets 42,888 22,699 Goodwill 500,784 376,480 Other intangible assets, net of accumulated amortization of $106,944 and $88,887, respectively 322,761 190,398 Other assets 28,215 20,717 Property, plant and equipment: Land 8,732 8,703 Buildings and improvements 136,441 132,742 Machinery and equipment 411,030 372,798 Construction in progress 66,509 33,326 Total property, plant and equipment 622,712 547,569 Less: accumulated depreciation 311,818 277,343 Total property, plant and equipment, net 310,894 270,226 Total assets $1,848,064 $1,695,152 Liabilities and equity Current liabilities: Accounts payable $115,203 $103,205 Accrued compensation, contributions to employee benefit plans and related taxes 41,728 43,864 Dividends payable 9,814 9,172 Other accrued items 45,832 34,478 Current operating lease liabilities 7,982 6,014 Income taxes payable 867 109 Total current liabilities 221,426 196,842 Other liabilities 56,657 53,364 Distributions in excess of investment in unconsolidated affiliate 105,349 103,767 Long-term debt 305,896 302,868 Noncurrent operating lease liabilities 35,883 17,173 Deferred income taxes, net 95,813 82,901 Total liabilities 821,024 756,915 Shareholders' equity - controlling interest 1,027,040 937,187 Noncontrolling interest - 1,050 Total equity 1,027,040 938,237 Total liabilities and equity $1,848,064 $1,695,152 WORTHINGTON ENTERPRISES, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
Three Months Ended Twelve Months Ended May 31, May 31, 2026 2025 2026 2025 Operating activities: Net earnings $48,065 $3,614 $155,035 $94,970 Adjustments to reconcile net earnings to net cash provided by operating activities: Depreciation and amortization 15,870 12,555 57,272 48,262 Impairment of long-lived assets - 50,813 - 50,813 Provision for (benefit from) deferred income taxes 627 (7,568) 8,439 (18,439)Impairment of investment in note receivable - 5,000 - 5,000 Bad debt expense (income) 246 (31) 358 3,158 Equity in net income of unconsolidated affiliates, net of distributions (3,630) (2,041) 5,361 8,769 Net loss on sale of assets 295 824 3,290 277 Stock-based compensation 3,230 3,399 13,734 16,186 Unrealized (gain) loss on investment in marketable securities (610) - 975 - Changes in assets and liabilities, net of impact of acquisitions: Receivables 3,836 (13,238) 7,706 (22,261)Inventories (9,858) (4,058) (11,557) 11,500 Accounts payable 7,185 13,219 3,820 619 Accrued compensation and employee benefits (1,166) 6,435 (1,986) 1,807 Other operating items, net 7,511 (6,509) (16,328) 9,083 Net cash provided by operating activities 71,601 62,414 226,119 209,744 Investing activities: Investment in property, plant and equipment (16,492) (13,086) (55,913) (50,580)Acquisitions, net of cash acquired 278 (6,862) (304,148) (95,018)Proceeds from sale of assets, net of selling costs 227 11 245 13,455 Investment in non-marketable equity securities, net of distributions (138) (85) (251) (2,958)Net cash used by investing activities (16,125) (20,022) (360,067) (135,101) Financing activities: Dividends paid (9,350) (8,396) (36,890) (33,903)Purchase of common shares (18,382) (9,831) (43,710) (30,883)Net repayments of short-term borrowings (4,792) - - - Principal payments on long-term obligations (1,094) - (1,854) - Proceeds from issuance of common shares, net of tax withholdings (112) 3,066 (5,948) (4,007)Net cash used by financing activities (33,730) (15,161) (88,402) (68,793)Increase (decrease) in cash and cash equivalents 21,746 27,231 (222,350) 5,850 Cash and cash equivalents at beginning of period 5,979 222,844 250,075 244,225 Cash and cash equivalents at end of period $27,725 $250,075 $27,725 $250,075 WORTHINGTON ENTERPRISES, INC.
SEGMENT INFORMATION
(Dollars in thousands) Three Months Ended Twelve Months Ended May 31, May 31, 2026 2025 2026 2025 Net sales Building Products $245,309 $192,316 $861,456 $654,137 Consumer Products 126,147 125,568 519,836 499,625 Consolidated $371,456 $317,884 $1,381,292 $1,153,762 Adjusted EBITDA Building Products $68,544 $71,253 $240,310 $212,831 Consumer Products 24,270 20,791 91,157 82,676 Total reportable segments 92,814 92,044 331,467 295,507 Other (1) (228) 638 (5,309) (2,672)Unallocated Corporate (9,063) (7,622) (30,330) (27,869)Consolidated $83,523 $85,060 $295,828 $264,966 Adjusted EBITDA margin Building Products 27.9% 37.0% 27.9% 32.5%Consumer Products 19.2% 16.6% 17.5% 16.5%Consolidated 22.5% 26.8% 21.4% 23.0% Equity income by unconsolidated affiliate WAVE (2) $32,285 $32,622 $118,063 $110,100 ClarkDietrich (2) 6,084 12,836 21,877 40,795 Other (1) (228) (2,751) (5,309) (6,059)Consolidated $38,141 $42,707 $134,631 $144,836 (1) Other includes the equity in net income of unconsolidated affiliates of the Workhorse and the SES joint ventures.
(2) Equity income contributed by the WAVE and ClarkDietrich joint ventures is included in Building Products segment results.
WORTHINGTON ENTERPRISES, INC.
GAAP / NON-GAAP RECONCILIATIONS
(Dollars in thousands, except per share amounts) For more information regarding the non-GAAP financial measures, refer to the “Use of Non-GAAP Financial Measures and Definitions” section of this release.
Consolidated Results – Adjusted Earnings per Share – Diluted
Three Months Ended May 31, 2026 Earnings Before Income Effective Operating Income Tax Net Diluted Tax Income Taxes Expense Earnings(1) EPS(1) Rate(1) GAAP$23,159 $59,773 $11,708 $48,146 $0.97 19.6%Amortization of inventory step-up(2) 1,500 1,500 (321) 1,179 0.02 Restructuring and other expense, net(3) 794 794 (133) 661 0.02 Non-cash gains in miscellaneous income, net(4) - (610) 157 (453) - Discrete tax item(8) - - (1,837) (1,837) (0.04) Non-GAAP$25,453 $61,457 $13,842 $47,696 $0.97 22.5% Three Months Ended May 31, 2025 Earnings Operating Before Income Effective Income Income Tax Net Diluted Tax (Loss) Taxes Expense Earnings(1) EPS(1) Rate(1) GAAP$(30,405) $8,331 $4,717 $3,877 $0.08 54.9%Impairment of long-lived assets(3) 50,813 50,813 (10,387) 40,426 0.81 Restructuring and other expense, net(3) 1,372 1,372 (164) 1,208 0.02 Non-cash losses in miscellaneous expense, net(4) - 5,000 - 5,000 0.10 Non-recurring loss in equity income(5) - 3,387 (801) 2,586 0.05 Non-GAAP$21,780 $68,903 $16,069 $53,097 $1.06 23.2% Twelve Months Ended May 31, 2026 Earnings Before Income Effective Operating Income Tax Net Diluted Tax Income Taxes Expense Earnings(1) EPS(1) Rate(1) GAAP$76,209 $201,348 $46,313 $156,085 $3.14 22.9%Amortization of inventory step-up(2) 5,151 5,151 (1,209) 3,942 0.08 Restructuring and other expense, net(3) 7,100 7,100 (1,425) 5,675 0.12 Non-cash losses in miscellaneous expense, net(4) - 3,925 (229) 3,696 0.07 Discrete tax item(8) - - (1,837) (1,837) (0.04) Non-GAAP$88,460 $217,524 $51,013 $167,561 $3.37 23.3% Twelve Months Ended May 31, 2025 Earnings Operating Before Income Effective Income Income Tax Net Diluted Tax (Loss) Taxes Expense Earnings(1) EPS(1) Rate(1) GAAP$(10,715) $128,809 $33,839 $96,053 $1.92 26.1%Amortization of inventory step-up(2) 1,477 1,477 (350) 1,127 0.02 Impairment of long-lived assets(3) 50,813 50,813 (10,387) 40,426 0.81 Restructuring and other expense, net(3) 10,524 10,524 (796) 9,728 0.19 Non-cash losses in miscellaneous expense, net(4) - 5,000 - 5,000 0.10 Non-recurring loss in equity income(5) - 3,387 (801) 2,586 0.05 Non-GAAP$52,099 $200,010 $46,173 $154,920 $3.09 23.0% Consolidated Results – Adjusted EBITDA
Three Months Ended Twelve Months Ended May 31, May 31, 2026 2025 2026 2025 Net earnings (GAAP) $48,065 $3,614 $155,035 $94,970 Plus: Net loss attributable to noncontrolling interest 81 263 1,050 1,083 Net earnings attributable to controlling interest 48,146 3,877 156,085 96,053 Interest expense (income), net 2,885 (60) 6,248 2,090 Income tax expense 11,708 4,717 46,313 33,839 EBIT(6) 62,739 8,534 208,646 131,982 Amortization of inventory step-up(2) 1,500 - 5,151 1,477 Impairment of long-lived assets(3) - 50,813 - 50,813 Restructuring and other expense, net(3) 794 1,372 7,100 10,524 Non-cash (gains) losses in miscellaneous (income) expense, net(4) (610) 5,000 3,925 5,000 Non-recurring loss in equity income(5) - 3,387 - 3,387 Adjusted EBIT(6) 64,423 69,106 224,822 203,183 Depreciation and amortization 15,870 12,555 57,272 48,262 Stock-based compensation(7) 3,230 3,399 13,734 13,521 Adjusted EBITDA (non-GAAP) $83,523 $85,060 $295,828 $264,966 Net earnings margin (GAAP) 12.9% 1.1% 11.2% 8.2%Adjusted EBITDA margin (non-GAAP) 22.5% 26.8% 21.4% 23.0% (1) Excludes the impact of noncontrolling interest.
(2) Reflects the amortization of the step-up to fair market value of acquired inventory related to the LSI and Elgen acquisitions in fiscal 2026 and the Ragasco acquisition in fiscal 2025.
(3) Significant pre-tax impairment and restructuring charges include the following:
Impairment of long-lived assets: Non-cash charge of $50,050 in the fourth quarter of 2025 related to the write-down of intangible assets associated with GTI.Restructuring and other expense, net: A charge of $4,536 in fiscal 2025 related to an increase in the fair value of the contingent liability associated with the Ragasco earnout. (4) Reflects the following non-cash activity in miscellaneous (income) expense, net:
A loss of $2,950 incurred during the second quarter of fiscal 2026 in connection with the divestiture of the company’s 49% interest in the composite assets of its SES joint venture on October 16, 2025. In exchange for the company’s interest in the divested assets, it received common shares of both Hexagon Composites and Hexagon Purus.Unrealized (gains) losses during fiscal 2026 associated with the marketable securities noted directly above.A pre-tax charge of $5,000 during the fourth quarter of fiscal 2025 to write down an investment in a note receivable that was determined to be other than temporarily impaired. (5) Reflects a non-cash impairment charge of $3,387 at the SES joint venture during the fourth quarter of fiscal 2025
(6) EBIT and adjusted EBIT are non-GAAP financial measures. However, these measures are not used by management to evaluate the company’s performance, engage in financial and operational planning, or to determine incentive compensation. Instead, they are included as subtotals in the reconciliation of net earnings to adjusted EBITDA, which is a non-GAAP financial measure used by management.
(7) Excludes $2,665 of stock-based compensation reported in restructuring and other expense, net in the company’s consolidated statement of earnings during fiscal 2025 related to the accelerated vesting of certain outstanding equity awards upon retirement of a key employee.
(8) Reflects the release of a FIN 48 reserve associated with a non-recurring gain recognized in fiscal 2021.
Consolidated Results - Free Cash Flow
The following tables provide a reconciliation of net cash provided by operating activities to free cash flow and the calculation of operating cash flow conversion to free cash flow conversion for the three and 12 months ended May 31, 2026 and 2025.
Three Months Ended Twelve Months Ended May 31, May 31, 2026 2025 2026 2025 Net cash provided by operating activities (GAAP) $71,601 $62,414 $226,119 $209,744 Investment in property, plant, and equipment (16,492) (13,086) (55,913) (50,580)Free cash flow (non-GAAP) $55,109 $49,328 $170,206 $159,164 Net earnings attributable to controlling interest (GAAP) $48,146 $3,877 $156,085 $96,053 Adjusted net earnings attributable to controlling interest (non-GAAP) $47,696 $53,097 $167,561 $154,920 Operating cash flow conversion (GAAP)(1) 149% 1,610% 145% 218%Free cash flow conversion (non-GAAP) 116% 93% 102% 103% (1) Operating cash flow conversion is defined as net cash provided by operating activities divided by net earnings attributable to controlling interest.
WORTHINGTON ENTERPRISES, INC.
USE OF NON-GAAP FINANCIAL MEASURES AND DEFINITIONS
NON-GAAP FINANCIAL MEASURES. These materials include certain financial measures that are not calculated and presented in accordance with accounting principles generally accepted in the United States (“GAAP”). Non-GAAP financial measures typically exclude items that management believes are not reflective of, and thus should not be included when evaluating the performance of the company’s ongoing operations. Management uses these non-GAAP financial measures to evaluate ongoing performance, engage in financial and operational planning, and determine incentive compensation. Management believes these non-GAAP financial measures provide useful supplemental information regarding the performance of the company’s ongoing operations and should not be considered as an alternative to the comparable GAAP financial measure. Additionally, management believes these non-GAAP financial measures allow for meaningful comparisons and analysis of trends in the company’s businesses and enables investors to evaluate operations and future prospects in the same manner as management.
The following provides an explanation of each non-GAAP financial measure presented in these materials:
Adjusted operating income (loss) is defined as operating income (loss) excluding the items listed below, to the extent naturally included in operating income (loss).
Adjusted net earnings is defined as net earnings attributable to controlling interest excluding the after-tax effect of the excluded items outlined below.
Adjusted EPS – diluted is defined as adjusted net earnings divided by diluted weighted-average common shares outstanding for the applicable period.
Adjusted EBITDA is the measure by which management evaluates segment performance and overall profitability. EBITDA is defined as earnings before interest, taxes, depreciation, and amortization. Adjusted EBITDA excludes additional items including, but not limited to, those listed below, as well as other items that management believes are not reflective of, and thus should not be included when evaluating the performance of ongoing operations. Adjusted EBITDA also excludes stock-based compensation due to its non-cash nature, which is consistent with how management assesses operating performance and determines incentive compensation. At the segment level, adjusted EBITDA includes expense allocations for centralized corporate back-office functions that exist to support the day-to-day business operations. Public company and other governance costs are held at the corporate level within the unallocated corporate and other category.
Adjusted EBITDA margin is calculated by dividing adjusted EBITDA by net sales.
Free cash flow is a non-GAAP financial liquidity measure that is used by the company to assess its ability to generate cash beyond what is required for its business operations and capital expenditures. The company defines free cash flow as net cash flows from operating activities less investment in property, plant, and equipment.
Free cash flow conversion is a non-GAAP financial measure that is used by the company to measure how much of its adjusted net earnings attributable to controlling interest is converted into cash. The company defines free cash flow conversion as free cash flow divided by adjusted net earnings.
EXCLUSIONS FROM NON-GAAP FINANCIAL MEASURES
Management believes it is useful to exclude the following items from its non-GAAP financial measures for its own and investors’ assessment of the business for the reasons identified below. Additionally, management may exclude other items from non-GAAP financial measures that do not occur in the ordinary course of the company’s ongoing business operations and note them in the reconciliation from net earnings to the non-GAAP financial measure adjusted EBITDA.
Amortization of inventory step-up represents the increase in inventory fair value associated with the company’s acquisitions. The increase in inventory fair value is amortized to cost of sales over the period that the related inventory is sold. The amortization of inventory step-up is excluded because it is a non-cash expense that is not indicative of ongoing operating results.Impairment charges are excluded because they do not occur in the ordinary course of the company’s ongoing business operations, are inherently unpredictable in timing and amount, and are non-cash, which management believes facilitates the comparison of historical, current and forecasted financial results.Restructuring activities consist of established programs that are intended to fundamentally change the company’s operations, and as such are excluded from its non-GAAP financial measures. The company’s restructuring programs may include closing or consolidating production facilities or moving manufacturing of a product to another location, realignment of the management structure of a business unit in response to changing market conditions or general rationalization of headcount. The company’s restructuring activities generally give rise to employee-related costs, such as severance pay, and facility-related costs, such as exit costs and gains or losses on asset disposals but may include other incremental costs associated with the company’s restructuring activities. Restructuring and other expense, net, may also include other nonrecurring items included in operating income but incremental to the company’s normal business activities. These items are excluded because they are not indicative of the ongoing operations of the company’s underlying business.Non-cash (gains) losses in miscellaneous (income) expense are excluded due to their non-cash nature and the fact that they do not occur in the normal course of business and may obscure analysis of trends and financial performance.Non-recurring loss in equity income is excluded because it does not occur in the normal course of business and is inherently unpredictable in timing and amount. Sonya L. Higginbotham
Senior Vice President
Chief of Corporate Affairs, Communications and Sustainability
614.438.7391 [email protected]
Marcus A. Rogier
Treasurer and Investor Relations Officer
614.840.4663 [email protected]
200 Old Wilson Bridge Rd.
Columbus, Ohio 43085
WorthingtonEnterprises.com
Metalsource Mining oznámila nové výsledky vrtů na Silver Hill: vrt SH26-18 prodloužil mineralizaci asi o 28 metrů a potvrdil vysoce kvalitní koridor s 245 g/t AgEq na 11,8 metru.
Vancouver, British Columbia--(Newsfile Corp. - June 24, 2026) - Metalsource Mining Inc. (CSE: MSM) (OTCQB: MSMMF) (FSE: E9Z) ("Metalsource" or the "Company") is pleased to announce additional assay results from its ongoing exploration program at the Silver Hill Project. The latest results continue to strengthen confidence in the continuity of the Silver Hill polymetallic system, with successful step out drilling extending mineralization beyond historical workings while refining the Company's understanding of a newly identified high grade zone. Hole SH26-18 returned 11.8 metres grading 245 g/t silver equivalent ("AgEq"), including 833 g/t AgEq over 1.4 metres and 1,580 g/t AgEq over 0.64 metres, while extending mineralization approximately 28 metres south of previously reported hole SH26-08. The results further support management's belief that mineralization remains open along strike, down plunge and at depth, with multiple assays still pending from the current drill campaign.
SH26-17: Explores the northern edge of our recently identified high-grade zone which is locally internal to the widespread mineralization delineated thus far in the project. SH26-17 identifies the target horizon between 185.59 and 185.75m with combined Pb-Zn values up to 14.3%, demonstrating mineralization remains open to the north. Additionally, this result shows that local variation in width and grade are common at Silver Hill.
SH26-18: 28m south step out from SH26-08, demonstrating continuity of widespread mineralization and improved targeting of recently defined high grade plunging mineralization (47°/276°). Results of 32.5% combined Pb-Zn and 13.8g/t Au between 199.40 and 200.04m increases vector confidence for down plunge targeting.
These results continue to inform our understanding of the deposit morphology, grade variation, and orientation of internal high-grade plunging mineralization within the wider polymetallic footprint at Silver Hill. These are critical developments for improving exploration targeting.
Drill Hole IDFrom (m)To (m)Length (m)Au (g/t)Ag (g/t)Pb (%)Zn (%)Cu (%)AgEq (g/t)SH26-17185.59185.750.150.721.53.810.50.5292SH26-18199.40211.2311.831.434.32.25.40.1245Including199.40200.801.407.319.71.516.00.3833Including199.40200.040.6413.836.82.729.80.71,580Including208.94211.232.291.7152.79.816.00.4636Table 1: Composite assay results from SH26-17 and SH26-18. Widths reported are core length, as additional data is needed to estimate the true width of intercepts at this stage of the project. *Details on AgEq calculations below.
Figure 1: Panoramic photograph showing mineralization from SH26-18.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/12035/302620_e753ca4814e3c890_002full.jpg
Figure 2: Plan view of the Silver Hill project area showing the location of Pads 1-5. Transparent aerial image shows position of underground historic workings.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/12035/302620_e753ca4814e3c890_003full.jpg
Figure 3: Long section looking northeast (113°) showing intercept locations colored by AgEq. Black dots indicate intercepts with pending assays. Note: Small colored dots within historic workings are bulk samples taken by previous workers and are colored by AgEq.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/12035/302620_e753ca4814e3c890_004full.jpg
Joe Cullen, CEO of Metalsource Mining, commented:
"These results are significant because they continue to demonstrate continuity within the system while validating our evolving geological model. Hole SH26-18 successfully stepped out approximately 28 metres from Hole SH26-08 and intersected the same style of strong silver, gold, lead and zinc mineralization, giving us increasing confidence that we are tracking a coherent high-grade corridor rather than isolated pockets of mineralization.
What is becoming particularly compelling is the consistency of the metal assemblage. We continue to encounter strong silver and gold grades accompanied by robust lead and zinc values, a combination often associated with powerful mineralizing systems. As our understanding of the geometry improves, we believe we are becoming increasingly effective at vectoring toward the source of this potential mineralization.
The more we learn about Silver Hill, the more intrigued we become by what this system may ultimately hold. Mineralization remains open along strike, down plunge and at depth, and with drilling continuing and numerous assays still pending, we believe we are only beginning to understand the scale and potential of this historic district."
What's Next
Awaiting Multiple Drill Results: Numerous drill holes from the current campaign remain pending, including holes designed to test extensions of mineralization along strike, down plunge, and at depth.
Increasing Drilling Capacity: The Company is advancing plans to secure an additional drill rig, which is expected to accelerate testing of both known mineralization and newly identified exploration targets.
Evaluating Strategic Land Expansion: Metalsource is assessing opportunities to expand its land position in prospective areas identified through geological and geophysical analysis, strengthening its ability to explore district-scale potential.
Integrating New Data to Generate Additional Targets: The Company continues to combine recently completed IP survey results with ongoing drilling data and historical datasets. Early interpretations suggest additional exploration opportunities may exist beyond the currently defined mineralized footprint, with follow-up work underway to refine and prioritize future drill targets.
Advancing the Next Phase of Exploration: Building on the success of the current drilling campaign, Metalsource is actively pursuing several initiatives aimed at accelerating exploration and evaluating the broader potential of the Silver Hill district.
Positioned for Continued Growth: As drilling, geophysics, and geological interpretation continue to converge, the Company is gaining valuable vectoring information to guide future exploration and target generation. Management believes Silver Hill is entering an important phase of growth and looks forward to providing further updates as exploration progresses.
Why This Matters to Investors
Silver Hill is increasingly demonstrating the characteristics of an expanding polymetallic system rather than a series of isolated high-grade intercepts. The significance of Hole SH26-18 is not simply the grade returned, but that it successfully extended mineralization approximately 28 metres from a previously reported high grade intercept while confirming management's evolving geological model.
Each successful step out hole improves confidence in the continuity, geometry and scale of the mineralized system. As Metalsource continues to refine its understanding of the recently identified high grade plunge, drilling is becoming increasingly targeted and effective at testing extensions of known mineralization along strike, down plunge and at depth.
Importantly, mineralization remains open in multiple directions and a significant number of assays remain pending from the current campaign. Combined with the Company's ongoing geophysical work and plans to continue systematic step out drilling, management believes Silver Hill remains in the early stages of defining the full extent of a historic American polymetallic system.
The Company's objective remains straightforward: continue expanding the known mineralized footprint, advance toward an inaugural modern resource estimate, and evaluate the broader exploration potential of the Silver Hill district.
Drill Hole IDEasting (m)Northing (m)Elev. (m)AzimuthDipLength (m)StatusSH25-015724083951597224107-63109CompleteSH25-02572408395159722496-85101CompleteSH25-03572410395175123696-46305CompleteSH25-045724103951751236352-89100CompleteSH26-055722803951624262125-73199CompleteSH26-065722803951624262129-51154Assay PendingSH26-07572280395162426274-89200CompleteSH26-085722803951624262297-77231CompleteSH26-09572237395159026289-7015Abandoned SH26-10572237395159026291-76188CompleteSH26-11572237395159026226-83197CompleteSH26-125722373951590262293-84255Assay PendingSH26-135722373951590262145-82215Assay PendingSH26-145722373951590262125-67185Assay PendingSH26-155721683951658261107-79267CompleteSH26-16572168395165826185-76267CompleteSH26-17572168395165826194-61245CompleteSH26-185721683951658261120-70297CompleteSH26-195721683951658261131-76258Assay PendingSH26-205721683951658261133-80276Assay PendingSH26-215721683951658261168-86288Assay PendingSH26-225721683951658261111-86285Assay PendingSH26-23572168395165826171-87288Assay PendingSH26-24572168395165826155-84288Assay PendingTable 2: Drill collar locations and layout azimuth/dip for exploration drilling thus far at the Silver Hill Project. Collar survey in progress and will likely change reported collar elevations. Collar coordinates in WGS84 / UTMZ17N.Metalsource QA/QC protocols are maintained through the insertion of certified reference material (standards), blanks, and duplicates within the sample stream. The drill core is cut in half with a diamond saw, with one half placed in sealed bags and shipped to the laboratory and the other half retained on site. Chain of custody is maintained from the drill to the submittal into the laboratory preparation facility.
Analytical testing is performed by ALS Geochemistry (Reno, NV) and ALS Canada (Vancouver, BC). The entire sample is crushed to 70% passing 2mm mesh, with a 250 gram split pulverized to 85% passing minus 75 micron. A four-acid digest is performed on 0.25g of sample to quantitatively dissolve most geological materials. Analysis is performed with a combination of ICP-AES and ICP-MS and fire assay.
The exploration results described herein are preliminary in nature and are insufficient to define a mineral resource. Further drilling is required to determine the continuity, geometry, and grade distribution of mineralization. At the time of this release analytical results remain pending.
*Metal values used in AgEq calculations are from the 200-day moving average values from 2/6/2026, and all values are in USD. PAu= $124.5/g, PAg= $1.58/g, PCu= $4.9/lbs, PPb=$0.90/lbs, PZn=$1.11/lbs, 0.00220462262 = grams-to-pounds conversion factor, 22.0462262 = pounds per tonne for 1% metal. Metal recoveries used in the AgEq calculation are Au: 95.5%, Ag: 92.9%, Pb: 89.2%, Zn: 93.8% and Cu 90.8%. These recovery values are derived from batch metallurgical testing used to estimate recoveries of Silver Hill ores, completed in 1988. Individual metal values in the results table are composited values and not factored by recovery. Metal recoveries are applied to their respective component of the AgEq calculation only.
Further, the Company has granted an aggregate 500,000 restricted share units, valid for a term of three years, to consultants of the Company. The restricted share units are issued pursuant to the Company’s share compensation plans and are subject to vesting over a one-year term, in addition to a statutory hold period of four months and one day from issuance.
Qualified Person
All scientific and technical information has been reviewed and approved by Darcy Vis, B.Sc., P.Geo., President of Tripoint Geological Services Ltd., a contractor of the Company, and a Qualified Person as defined under National Instrument ("NI") 43-101 - Standards of Disclosure for Mineral Projects.
Silver Hill Project
Located in the Carolina Terrane, the property is underlain by volcaniclastic and volcano-sedimentary rocks predominantly of Neoproterozoic and Cambrian age. Current interpretations suggest this terrane is an extension of the Avalon Terrane. The property is 1,225 acres located in Davidson County, North Carolina. The property historically hosts the first significant discovery and first silver-producing mine in America and is supported by an extensive historic dataset, including drillhole data, underground mapping, historic dumps and underground chip samples. Currently known mineralization extends to 550m from surface, in a steeply trending series of lenses, which remain open in multiple directions. Recent surface sampling bolsters the historic dataset; results include SH25-003, which returned 444g/t Ag, 17.7 g/t Au, 8.61% Pb, and 0.507% Zn.
Byrd-Pilot Mountain Project
The Byrd-Pilot Mountain Project is located in central North Carolina within the Carolina Terrane. Initial USGS surveys in the 1980s identified the area as a potential host for a porphyry gold-copper system. Subsequent exploration demonstrated broad gold mineralization in soils, trenches, and shallow RC drilling, coincident with strong self-potential anomalies. Geology shows intense quartz-sericite-pyrite alteration, high-sulfidation signatures, and high-alumina minerals (like Haile and Brewer deposits to the south), suggesting potential for a large epithermal or porphyry-related gold system. Geologic modelling of currently identified mineralization indicates an east-west trend open in multiple directions, with oxidation noted down to a depth of 30m. No drilling has tested the Meridian discovery zone since those 1980s campaigns, leaving potential for significant resource expansion through work commitments of the agreement.
About Metalsource Mining Inc.
Metalsource Mining Inc. is a U.S.-focused precious and critical metals exploration company advancing the Silver Hill Project in North Carolina, widely recognized as the historic location of America's first silver mine. A historically producing mining district dating back to 1839, Silver Hill produced silver, gold, lead and zinc during the formative years of the American mining industry and remains one of the most historically significant mining assets in the United States.
The Company is focused on expanding known mineralization, advancing toward a modern resource estimate, and unlocking the broader potential of the Silver Hill district through systematic drilling, geological modeling and modern exploration techniques.
Metalsource Mining Inc.
America's First Silver Mine. Modern Exploration. Historic Opportunity.
For further information, please contact:
Joe Cullen CEO - Metalsource Mining Inc.
Tel: (778) 919-8615
Email: [email protected]
Cautionary Note About Forward-Looking Statements
This news release may include forward-looking statements that are subject to risks and uncertainties. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections, or conclusions will not prove to be accurate, that assumptions may not be correct, and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited those identified and reported in the Company's public filings under the Company's SEDAR profile at www.sedarplus.ca. Although the Company has attempted to identify important factors that could cause actual actions, events, or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.
Neither the CSE nor the Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/302620
Source: Metalsource Mining Inc.
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Axalta svolala mimořádnou valnou hromadu akcionářů na 5. srpna 2026 kvůli plánované fúzi všech akcií s AkzoNobel. Dokončení transakce stále čeká na schválení akcionáři a regulačními orgány.
PHILADELPHIA, June 24, 2026 (GLOBE NEWSWIRE) -- Axalta Coating Systems Ltd. (NYSE: AXTA) (“Axalta”) announces that yesterday the U.S. Securities and Exchange Commission declared effective the registration statement on Form F-4 filed by Akzo Nobel N.V. (“AkzoNobel”) in connection with the proposed all-share merger of equals between Axalta and AkzoNobel (the “Merger”).
Axalta has filed a definitive proxy statement and has scheduled a Special Meeting of Stockholders to be held at 9 a.m. EDT on Wednesday, August 5, 2026. The definitive proxy statement contains further details regarding the Merger and the matters to be considered by Axalta stockholders.
Completion of the Merger remains subject to approval by Axalta and AkzoNobel shareholders, receipt of required regulatory approvals and other customary closing conditions. Subject to satisfaction of those conditions, completion of the Merger is expected to occur at the end of 2026 or beginning of 2027.
The definitive proxy statement and other relevant materials are available on Axalta’s investor relations website.
About Axalta
Axalta is a global leader in the coatings industry, providing customers with innovative, colorful, beautiful and sustainable coatings solutions. From light vehicles, commercial vehicles and refinish applications to electric motors, building facades and other industrial applications, our coatings are designed to prevent corrosion, increase productivity and enhance durability. With more than 150 years of experience in the coatings industry, the global team at Axalta continues to find ways to serve our more than 100,000 customers in over 140 countries better every day with the finest coatings, application systems and technology. For more information visit axalta.com and follow us on LinkedIn.
General restrictions
This communication is not for release, publication, or distribution, in whole or in part, in or into, directly or indirectly, any jurisdiction in which such release, publication, or distribution would be unlawful.
This communication is not a prospectus and the information in this communication is not intended to be complete. This communication is for informational purposes only and is not intended to be and shall not constitute a solicitation of any vote or approval, or an offer to buy or sell, or the solicitation of an offer to buy or sell, any securities, or an invitation or recommendation to subscribe for, acquire or buy securities of AkzoNobel or Axalta or any other financial products or securities, in any place or jurisdiction, nor shall there be any offer, solicitation or sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended (the “Securities Act”).
Any decision to purchase, subscribe for, otherwise acquire, sell or otherwise dispose of any securities must be made only on the basis of the information contained in and incorporated by reference into the prospectus with respect to the shares to be allotted by AkzoNobel in the proposed transaction, which was published on June 24, 2026.
The distribution of this communication may, in some countries, be restricted by law or regulation. Accordingly, persons who come into possession of this document should inform themselves of and observe these restrictions. To the fullest extent permitted by applicable law, AkzoNobel and Axalta disclaim any responsibility or liability for the violation of any such restrictions by any person. Neither AkzoNobel, nor Axalta, nor any of their advisors assume any responsibility for any violation by any person of any of these restrictions. Shareholders of AkzoNobel and Axalta, respectively, with any doubt as to their position should consult an appropriate professional advisor without delay.
This communication is addressed to and directed only at, persons who are outside the United Kingdom or, in the United Kingdom, at persons who are: (i) persons having professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”), (ii) persons falling within Article 49(2)(a) to (d) of the Order, or (iii) persons to whom it may otherwise lawfully be communicated pursuant to the Order (all such persons together being referred to as, “Relevant Persons”). This communication is directed only at Relevant Persons. Other persons should not act or rely on this communication or any of its contents. Any investment or investment activity to which this communication relates is available only to Relevant Persons and will be engaged in only with such persons. Solicitations resulting from this communication will only be responded to if the person concerned is a Relevant Person.
Additional Information and Where to Find It
In connection with the proposed transaction between AkzoNobel and Axalta, AkzoNobel filed with the U.S. Securities and Exchange Commission (the “SEC”) a registration statement on Form F-4 on May 27, 2026, as amended on June 18, 2026, which included a proxy statement of Axalta that also constitutes a prospectus with respect to the shares to be offered by AkzoNobel in the proposed transaction. The registration statement was declared effective by the SEC on June 23, 2026. In connection with the proposed transaction, on June 24, 2026, Axalta filed with the SEC a definitive proxy statement and, on or about June 24, 2026, Axalta commenced mailing the definitive proxy statement to its holders of record as of June 11, 2026. Each of AkzoNobel and Axalta will also file other relevant documents in connection with the proposed transaction. This communication is not a substitute for any registration statement, proxy statement/prospectus or other documents AkzoNobel and/or Axalta may file with the SEC or any other competent regulator in connection with the proposed transaction. This communication does not contain all the information that should be considered concerning the proposed transaction and is not intended to form the basis of any investment decision or any other decision in respect of the proposed transaction. BEFORE MAKING ANY VOTING OR INVESTMENT DECISIONS, INVESTORS, STOCKHOLDERS AND SHAREHOLDERS OF AKZONOBEL AND AXALTA ARE URGED TO READ CAREFULLY AND IN THEIR ENTIRETY THE PROXY STATEMENT/PROSPECTUS, AS APPLICABLE, AND ANY OTHER RELEVANT DOCUMENTS THAT ARE FILED OR WILL BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, IN CONNECTION WITH THE PROPOSED TRANSACTION WHEN THEY BECOME AVAILABLE, AS THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT AKZONOBEL, AXALTA, THE PROPOSED TRANSACTION AND RELATED MATTERS. The registration statement and proxy statement/prospectus and other relevant documents filed by AkzoNobel and Axalta with the SEC are available free of charge at the SEC’s website at www.sec.gov. In addition, investors and shareholders will be able to obtain free copies of the proxy statement/prospectus and other documents filed with the SEC from Axalta’s investor relations webpage at https://ir.axalta.com/sec-filings/all-sec-filings or from AkzoNobel’s investor relations webpage at https://www.akzonobel.com/en/investors/all-sec-filings.
The contents of this communication should not be construed as financial, legal, business, investment, tax or other professional advice. Each recipient should consult with its own professional advisors for any such matter and advice.
Participants in the Solicitation
This communication is not a solicitation of proxies in connection with the proposed transaction. However, under SEC rules, AkzoNobel, Axalta and certain of their respective directors and executive officers and other members of their respective management and employees may be deemed to be participants in the solicitation of proxies in connection with the proposed transaction. Information regarding the persons who may, under the rules of the SEC, be deemed participants in the solicitation of proxies in connection with the proposed transaction, including a description of their direct or indirect interests in the proposed transaction, by security holdings or otherwise, is set forth in the definitive proxy statement/prospectus relating to the proposed transaction, which was filed with the SEC on June 24, 2026. Information about AkzoNobel’s supervisory board members and members of the board of management is set forth in AkzoNobel’s latest annual report, as filed with the AFM, the Dutch trade register and on its website at https://www.akzonobel.com/en/investors/results-center, and as updated from time to time via filings made by AkzoNobel with the AFM. Additional information regarding the interests of persons who may, under the rules of the SEC, be deemed participants in the solicitation of Axalta security holders in connection with the proposed transaction, which may, in some cases, be different than those of Axalta’s shareholders generally, including a description of their direct or indirect interests, by security holdings or otherwise, will be set forth in the proxy statement/prospectus and other relevant materials when they are filed with the SEC. These documents can be obtained free of charge from the sources indicated above.
Cautionary Statement Concerning Forward-Looking Statements
This communication contains forward-looking statements as that term is defined in Section 27A of the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995, regarding, among other things, statements about management’s expectations of AkzoNobel’s and Axalta’s future operating and financial performance, product development, market position, and business strategy. Such forward-looking statements can sometimes be identified by the use of forward-looking terms such as “believes,” “expects,” “may,” “will,” “shall,” “should,” “would,” “could,” “potential,” “seeks,” “aims,” “projects,” “predicts,” “is optimistic,” “intends,” “plans,” “estimates,” “targets,” “anticipates,” “continues” or other comparable terms or negatives of these terms, but not all forward-looking statements include such identifying words. You are cautioned not to rely on these forward-looking statements. Forward-looking statements are based upon current plans, estimates and expectations that are subject to risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. We can give no assurance that such plans, estimates or expectations will be achieved and therefore, actual results may differ materially from any plans, estimates or expectations in such forward-looking statements. Important factors that could cause actual results to differ materially from such plans, estimates or expectations include: a condition to the closing of the proposed transaction may not be satisfied; the occurrence of any event that can give rise to termination of the proposed transaction; a regulatory approval that may be required for the proposed transaction is delayed, is not obtained or is obtained subject to conditions that are not anticipated; AkzoNobel and Axalta are unable to achieve the synergies and value creation contemplated by the proposed transaction; AkzoNobel and Axalta are unable to promptly and effectively integrate their businesses; management’s time and attention is diverted on transaction related issues; the possibility that competing offers or acquisition proposals may be made; disruption from the proposed transaction makes it more difficult to maintain business, contractual and operational relationships; the credit ratings of AkzoNobel or Axalta decline following the proposed transaction; legal proceedings are instituted against AkzoNobel or Axalta, including resulting expense or delay; AkzoNobel or Axalta is unable to retain or hire key personnel; the communication or the consummation of the proposed acquisition has a negative effect on the market price of the capital stock of AkzoNobel or Axalta or on AkzoNobel’s or Axalta’s operating results; evolving legal, regulatory and tax regimes; changes in economic, financial, political and regulatory conditions, in the Netherlands, the United States and elsewhere, and other factors that contribute to uncertainty and volatility, natural and man-made disasters, civil unrest, pandemics (e.g., the coronavirus (COVID-19) pandemic), geopolitical uncertainty, and conditions that may result from legislative, regulatory, trade and policy changes associated with the current or subsequent United States or Netherlands administration; the ability of AkzoNobel or Axalta to successfully recover from a disaster or other business continuity problem due to a hurricane, flood, earthquake, terrorist attack, war, pandemic, security breach, cyber-attack, power loss, telecommunications failure or other natural or man-made event, including the ability to function remotely during long-term disruptions; the impact of public health crises, such as pandemics and epidemics and any related company or governmental policies and actions to protect the health and safety of individuals or governmental policies or actions to maintain the functioning of national or global economies and markets, including any quarantine, “shelter in place,” “stay at home,” workforce reduction, social distancing, shut down or similar actions and policies; actions by third parties, including government agencies; the risk that disruptions from the proposed transaction will harm AkzoNobel’s or Axalta’s business, including current plans and operations and/or divert management’s attention from AkzoNobel’s or Axalta’s ongoing business operations; certain restrictions during the pendency of the acquisition that may impact AkzoNobel’s or Axalta’s ability to pursue certain business opportunities or strategic transactions; AkzoNobel’s or Axalta’s ability to meet expectations regarding the accounting and tax treatments of the proposed transaction; the risks and uncertainties discussed in AkzoNobel’s latest annual report as filed with the AFM, the Dutch trade register and on its website at https://www.akzonobel.com/en/investors/results-center; and the risks and uncertainties discussed in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections in Axalta’s reports filed with the SEC. These risks, as well as other risks associated with the proposed transaction, are more fully discussed in the proxy statement/prospectus. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. We caution you not to place undue reliance on any of these forward-looking statements as they are not guarantees of future performance or outcomes and that actual performance and outcomes, including, without limitation, our actual results of operations, financial condition and liquidity, and the development of new markets or market segments in which we operate, may differ materially from those made in or suggested by the forward-looking statements contained in this communication. Except as required by law, neither AkzoNobel nor Axalta assumes any obligation to update or revise the information contained herein, which speaks only as of the date hereof.
Revolution Medicines zahájila fázi III studie RASolute 305 se zoldonrasibem v kombinaci s chemoterapií v první linii metastatického RAS G12D PDAC. Studie sleduje přežití bez progrese a celkové přežití.
Key Takeaways Revolution Medicines initiated phase III RASolute 305 in first-line metastatic RAS G12D PDAC.The study compares zoldonrasib plus chemotherapy against placebo plus standard chemotherapy.Co-primary endpoints are PFS and OS, with safety, efficacy and quality-of-life measures assessed. Revolution Medicines (RVMD - Free Report) announced that it has begun treating patients in the phase III RASolute 305 study, evaluating its pipeline candidate zoldonrasib in combination with chemotherapy in first-line metastatic RAS G12D pancreatic ductal adenocarcinoma (PDAC).
Zoldonrasib is RVMD’s investigational oral RAS(ON) G12D-selective inhibitor designed to suppress the active RAS G12D mutation, one of the most common oncogenic drivers across cancers. As no approved targeted therapies currently exist for RAS G12D-mutated tumors, the candidate represents a potentially significant treatment opportunity. Per management, zoldonrasib has shown encouraging antitumor activity and a favorable safety profile in early clinical studies.
Year to date, RVMD shares have skyrocketed 112.9% against the industry’s 0.1% decline.
Image Source: Zacks Investment Research
RVMD’s RASolute 305 Study Design & Key EndpointsIn the global late-stage RASolute 305 study, the participants are being given either zoldonrasib plus investigator-selected standard-of-care chemotherapy or placebo plus chemotherapy. Chemotherapy options include modified FOLFIRINOX or the combination of gemcitabine and nab-paclitaxel, both established frontline treatment regimens for metastatic pancreatic cancer.
The study’s co-primary endpoints are progression-free survival (PFS) and overall survival (OS). Secondary endpoints include additional measures such as antitumor efficacy, safety, tolerability and patient-reported outcomes assessing quality of life.
The study is designed to evaluate whether combining zoldonrasib with frontline chemotherapy can improve survival outcomes for patients with metastatic RAS G12D PDAC.
Pancreatic ductal adenocarcinoma, the most common form of pancreatic cancer, is often diagnosed at an advanced stage due to limited early symptoms and detection options. More than 90% of PDAC tumors harbor RAS mutations, with RAS G12D present in about 40% of patients and associated with particularly poor outcomes. Metastatic PDAC remains one of the deadliest cancers in the United States, with a five-year survival rate of around 3%.
Beyond pancreatic cancer, Zoldonrasib is being evaluated both as a standalone therapy and in combination with other treatments, including daraxonrasib and standard-of-care regimens, across multiple lung and gastrointestinal cancer indications.
RVMD Expands Late-Stage Presence in Metastatic PDACRevolution Medicines is advancing a broad pancreatic cancer portfolio built around its proprietary RAS(ON) inhibitor platform. The company's strategy spans both previously treated and first-line metastatic PDAC. In addition to the late-stage RASolute 305 study evaluating zoldonrasib in metastatic RAS G12D PDAC, the company is developing its lead pipeline candidate daraxonrasib in the ongoing phase III RASolute 303 study, as a monotherapy and in combination with chemotherapy for the first-line treatment of metastatic PDAC.
In April, the company announced positive top-line data from the phase III RASolute 302 study, which evaluated daraxonrasib, in previously treated metastatic PDAC patients. The study successfully met its primary endpoints, demonstrating significant improvements in both OS and PFS versus standard chemotherapy.
RVMD's Zacks Rank & Stocks to ConsiderRevolution Medicines currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the biotech sector are Indivior Pharmaceuticals (INDV - Free Report) , Liquidia Corporation (LQDA - Free Report) and Immunocore (IMCR - Free Report) , each currently sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Over the past 30 days, earnings per share estimates for Indivior Pharmaceuticals remained unchanged at $4.05 for 2026 and $4.27 for 2027. INDV shares have risen 11.3% year to date.
Indivior Pharmaceuticals’ earnings beat estimates in each of the trailing four quarters, with the average surprise being 65.44%.
Over the past 30 days, estimates for Liquidia’s earnings per share remained unchanged at $2.97 for 2026 and $4.81 for 2027. LQDA shares have gained 114.7% year to date.
Liquidia’s earnings beat estimates in three of the trailing four quarters and missed in the remaining one, with the average surprise being 54.40%.
Over the past 30 days, earnings per share estimates for Immunocore’s 2026 were unchanged at 6 cents for 2026 and 87 cents for 2027. IMCR shares have lost 16% year to date.
Immunocore’s earnings beat estimates in three of the trailing four quarters and missed in the remaining one, the average surprise being 46.66%.
Darden Restaurants vyhlíží výsledky za 4. fiskální čtvrtletí; trh odhaduje EPS 3,63 USD a tržby 3,73 miliardy USD, což znamená výrazný meziroční růst. Tahounem mají být Olive Garden a LongHorn Steakhouse.
Key Takeaways Darden is set to report Q4 results, with EPS and revenue estimates implying sharp YoY growth.Olive Garden and LongHorn sales momentum is expected to support Darden's Q4 revenues.Productivity gains and sales leverage may aid margins, while beef costs and investments could weigh. Darden Restaurants, Inc. (DRI - Free Report) is scheduled to report fourth-quarter fiscal 2026 results on June 25, before the opening bell.
In the last reported quarter, earnings met the Zacks Consensus Estimate, while revenues beat the same by 0.5%. DRI’s earnings beat the Zacks Consensus Estimate in one of the trailing four quarters, missed on two occasions, and met on one occasion, with an average surprise of negative 0.3%.
Trend in the Estimate Revision of DRIThe Zacks Consensus Estimate for fiscal fourth-quarter earnings per share (EPS) is $3.63, up 21.8% from $2.98 in the year-ago quarter.
For revenues, the consensus estimate is $3.73 billion. The projection implies a 14.2% rise from the year-ago quarter’s reported figure.
Let us take a look at how things might have shaped up in the quarter to be reported.
Factors Likely to Shape Darden’s Quarterly ResultsRevenues
Darden’s fiscal fourth-quarter performance is likely to have benefited from continued same-restaurant sales momentum across its portfolio, led by Olive Garden and LongHorn Steakhouse. Sales trends remained strong through the first three weeks of March, and management projected same-restaurant sales growth of 3.5%-5% for the quarter under review.
Olive Garden’s initiatives are expected to have supported guest traffic and sales growth in the to-be-reported quarter. The recently expanded lighter-portion menu, which added seven dishes priced below $15, has been generating higher guest frequency, stronger value scores and improved portion-size satisfaction ratings. Management also highlighted positive guest response to the Buy One, Take One promotion, which was extended by an additional week this year and supported with increased media spending.
LongHorn Steakhouse is likely to have remained a major growth driver. The brand posted 7.2% same-restaurant sales growth in the fiscal third quarter, aided by strong traffic gains, consistent food quality and favorable consumer value perception. Management emphasized that LongHorn continues to benefit from operational excellence and strong guest loyalty, trends that likely continued into the fiscal fourth quarter.
Fine Dining is also expected to have remained strong, supported by robust private dining demand at The Capital Grille and Eddie V’s, as well as continued traction from Ruth’s Chris Steak House’s fixed-price menu. Additionally, delivery and catering initiatives, particularly at Olive Garden, are likely to have supported top-line growth. New restaurant openings are also expected to have contributed to revenue growth. Darden opened 16 restaurants during the fiscal third quarter and remains on track to open approximately 70 new locations in fiscal 2026. The company’s updated outlook calls for total sales growth of approximately 9.5% for the year.
Our model predicts revenues from Olive Garden and LongHorn Steakhouse to rise 11% and 16%, respectively, year over year to $1.53 billion and $967.1 million. We expect revenues from fine dining to increase 7.1% year over year to $358.4 million.
Margins
Darden’s earnings performance in the fiscal fourth quarter is expected to have benefited from productivity improvements, labor efficiencies and sales leverage. In the previous quarter, restaurant labor benefited from productivity gains, while strong same-restaurant sales growth helped offset inflationary pressures. Continued traffic gains and disciplined cost management are likely to have supported profitability in the to-be-reported quarter.
Darden’s pricing strategy may also have weighed on margins. Management expects commodity inflation of approximately 4% for fiscal 2026, with beef remaining the primary cost headwind. In addition, ongoing investments in marketing, delivery capabilities and menu initiatives, including Olive Garden’s lighter-portion offerings, are likely to have weighed modestly on restaurant-level margins.
What Our Model Says About DRI StockOur proven model does conclusively predict an earnings beat for Darden this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is exactly the case here.
Earnings ESP for DRI: Darden has an Earnings ESP of +0.28%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Darden’s Zacks Rank: The company currently has a Zacks Rank #3.
Other Stocks Poised to Beat on EarningsHere are some stocks from the Zacks Retail-Wholesale sector that investors may consider, as our model shows that these too have the right combination of elements to post an earnings beat.
CAVA Group, Inc. (CAVA - Free Report) currently has an Earnings ESP of +2.71% and a Zacks Rank of 3. You can see the complete list of today’s Zacks #1 Rank stocks here.
In the to-be-reported quarter, CAVA’s earnings are expected to rise 6.3% year over year. CAVA’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed on one occasion, the average surprise being 16.6%.
Sweetgreen, Inc. (SG - Free Report) has an Earnings ESP of +23.08% and a Zacks Rank of 3 at present.
In the to-be-reported quarter, Sweetgreen’s earnings are expected to register 35% year-over-year growth. Sweetgreen’s earnings missed estimates in each of the trailing four quarters, with an average miss of 42.4%.
BJ's Restaurants, Inc. (BJRI - Free Report) has an Earnings ESP of +4.96% and a Zacks Rank of 3 at present.
In the to-be-reported quarter, BJRI earnings are expected to register an 11.3% year-over-year decline. BJRI’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed on one occasion, with an average surprise of 136%.
Amdocs rozšířil Store Genie do PLDT Home, kde agentní AI zkrátila dobu řešení zákaznických požadavků až o 98 %. Systém už běží napříč Smart a PLDT Home.
Store Genie is already delivering strong results at Smart Communications, helping modernize retail and frontline operations. Built on Amdocs aOS with Amazon Bedrock AgentCore, the solution now helps reduce customer resolution time by up to 98% at PLDT Home
JERSEY CITY, NJ / ACCESS Newswire / June 23, 2026 / Amdocs (NASDAQ:DOX), a leading provider of software and services to communications and media companies, today announced the successful deployment of Store Genie, its agentic AI-powered customer service solution, for PLDT Home, the wireline and broadband division of PLDT Inc., a leading telecommunications and digital service provider in the Philippines. The deployment transforms customer engagement and service operations across PLDT Home's nationwide sales and service centers and builds on the successful rollout of Store Genie at Smart Communications, the wireless subsidiary of PLDT, announced earlier this year, where the solution is already helping modernize retail and frontline operations through agentic AI-powered automation and intelligence.
Powered by Amdocs' aOS, an agentic operating system purpose-built for telecommunications, and built on Amazon Web Services (AWS) using Amazon Bedrock AgentCore Gateway for multi-agent orchestration, Store Genie now operates across both Smart and PLDT Home, serving over 750 frontline agents across 149 locations. The solution orchestrates multiple purpose-built AI agents specializing in billing, provisioning, network, and payment workflows that collaborate in real time to diagnose and resolve customer issues without manual escalation. Amazon Bedrock AgentCore Gateway connects these agents directly to PLDT's existing BSS/OSS systems through a unified endpoint, requiring no transformation of underlying APIs.
The deployment at PLDT Home introduces new broadband-specific use cases, including order inquiry and triage, OTT subscription activation, service request cancellation, and end-to-end order visibility. Processes that previously took hours can now be completed in minutes, with order inquiries reduced from 10 hours to two minutes, OTT subscription activations from 12 hours to two minutes, and service request cancellations from five hours to two minutes. Leveraging multi-model AI architecture, the solution has achieved a 95% reduction in token costs while continuously improving resolution accuracy through self-learning capabilities.
Since its deployment at Smart in March this year, Store Genie has helped avoid more than 61,000 hours of customer wait time, resolved over 44,000 customer inquiries through AI agents, increased frontline productivity by 25%, and reduced escalation tickets by 50% across Smart and PLDT Home operations. Frontline teams now work through a single natural-language interface that replaces four applications and ten separate screens previously required to serve a customer.
"At PLDT Home, we are focused on delivering simpler, faster, and more seamless experiences for our customers while empowering our frontline teams with the tools they need to serve them effectively," said John Palanca, Senior Vice President, PLDT Head of Home Consumer Business. "By leveraging Store Genie, we are embedding agentic AI directly into our customer-facing operations, enabling real-time resolution of customer requests, improving operational efficiency, and creating a more connected experience for customers across our nationwide service network."
"The next generation of AI is about orchestrating specialized agents that can reason, act, and collaborate across enterprise workflows," said Ishwar Parulkar, Chief Technolgist, Telco at AWS. "Store Genie demonstrates how organizations can leverage Amazon Bedrock AgentCore to deploy and scale agentic AI in production environments, delivering measurable business outcomes while reducing operational complexity."
"There's no doubt that the growing adoption of agentic transformation is improving outcomes across key telecom domains; from care to commerce, IT operations to network management," said Anthony Goonetilleke, Group President of Technology and Head of Strategy at Amdocs. "Yet, as AI agents tackle increasingly complex telecom processes, the value grows disproportionately when deployed across channels, teams, and lines of business. The expansion of Store Genie to PLDT Home, delivered in under eight weeks, demonstrates how communications service providers can rapidly scale AI with Amdocs aOS - from a single customer touchpoint to broader enterprise operations. What began in retail now serves as a foundation for intelligent customer engagement across the business, powered by a common, scalable architecture."
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About Amdocs
Amdocs helps the world's leading communications and media companies deliver exceptional customer experiences through reliable, efficient, and secure operations at scale. We provide software products and services that embed intelligence into how work runs across business, IT, and network domains - delivering measurable outcomes in customer experience, network performance, cloud modernization, and revenue growth. With our talented people, and more than 40 years of experience running mission-critical systems around the globe, Amdocs runs billions of transactions daily. Our technology is relied on every day, connecting people worldwide and advancing a more inclusive, connected world. Together, we help those who shape the future to make it amazing. Amdocs is listed on the NASDAQ Global Select Market (NASDAQ:DOX) and reported revenue of $4.53 billion in fiscal 2025. For more information, visit www.amdocs.com.
Amdocs' Forward-Looking Statement
This press release includes information that constitutes forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995, including statements about Amdocs' growth and business results in future quarters and years. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be obtained or that any deviations will not be material. Such statements involve risks and uncertainties that may cause future results to differ from those anticipated. These risks include, but are not limited to, the effects of general macroeconomic conditions, prevailing level of macroeconomic, business and operational uncertainty, including as a result of geopolitical events or other regional events or pandemics, changes to trade policies including tariffs and trade restrictions, as well as the current inflationary environment, and the effects of these conditions on the Company's customers' businesses and levels of business activity, including the effect of the current economic uncertainty and industry pressure on the spending decisions of the Company's customers. Amdocs' ability to grow in the business markets that it serves, Amdocs' ability to successfully integrate acquired businesses, adverse effects of market competition, rapid technological shifts that may render the Company's products and services obsolete, security incidents, including breaches and cyberattacks to our systems and networks and those of our partners or customers, potential loss of a major customer, our ability to develop long-term relationships with our customers, our ability to successfully and effectively implement artificial intelligence and Generative AI in the Company's offerings and operations, and risks associated with operating businesses in the international market. Amdocs may elect to update these forward-looking statements at some point in the future; however, Amdocs specifically disclaims any obligation to do so. These and other risks are discussed at greater length in Amdocs' filings with the Securities and Exchange Commission, including in our Annual Report on Form 20-F for the fiscal year ended September 30, 2025, filed on December 15, 2025, for the first quarter of fiscal 2026 on February 17, 2026, and for the second quarter of fiscal 2026 on May 26, 2026.
Amdocs bude podporovat digitální transformaci Three Scandinavia ve Švédsku a Dánsku. Nasadí svou Customer Engagement Platform pro sjednocení marketingu, prodeje a služeb.
Transformation program to be delivered on the Amdocs Customer Engagement Platform, part of aOS agentic operating system, enabling a unified, AI-native, future-ready engagement foundation
JERSEY CITY, NJ / ACCESS Newswire / June 24, 2026 / Amdocs (NASDAQ:DOX), a leading provider of software and services for communications and media companies, today announced that telecom operator Three Scandinavia has selected Amdocs as a strategic partner to support parts of its ongoing business and digital transformation across Sweden and Denmark.
The program is focused on simplifying and modernizing selected customer engagement and commerce capabilities, supporting more consistent and efficient operations across the Nordic markets.
As part of the engagement, Amdocs will deploy its Customer Engagement Platform to help consolidate key processes across marketing, sales and service, enabling more seamless omnichannel experiences and improved operational efficiency. The approach is designed to be implemented in phases, allowing Three Scandinavia to continue to deliver products, services and improvements to customers throughout the transformation.
The initiative will also enable improved use of data and automation to support better decision-making and more streamlined workflows across the customer lifecycle, across both consumer and business segments where relevant.
"Three Scandinavia has always been a challenger in the market, and together with Amdocs we are ready to take the next step to offer our customers a better experience. Through this program, we are taking further steps to simplify how we operate and strengthen the experience we provide to our customers," said Rajib Eklund, CTIO at Three Scandinavia. "The focus is on building a more scalable and efficient foundation while continuing to develop our commercial offering and maintain momentum in the market."
"Three Scandinavia has a clear ambition to simplify its operations and enhance customer engagement across its Nordic footprint," said Anthony Goonetilleke, Group President of Technology and Head of Strategy at Amdocs. "We are pleased to support this journey with our platform and telecom expertise, helping to enable more efficient processes and improved customer experiences."
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About Amdocs
Amdocs helps the world's leading communications and media companies deliver exceptional customer experiences through reliable, efficient, and secure operations at scale. We provide software products and services that embed intelligence into how work runs across business, IT, and network domains - delivering measurable outcomes in customer experience, network performance, cloud modernization, and revenue growth. With our talented people, and more than 40 years of experience running mission-critical systems around the globe, Amdocs runs billions of transactions daily. Our technology is relied on every day, connecting people worldwide and advancing a more inclusive, connected world. Together, we help those who shape the future to make it amazing. Amdocs is listed on the NASDAQ Global Select Market (NASDAQ: DOX) and reported revenue of $4.53 billion in fiscal 2025. For more information, visit www.amdocs.com.
Amdocs' Forward-Looking Statement
This press release includes information that constitutes forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995, including statements about Amdocs' growth and business results in future quarters and years. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be obtained or that any deviations will not be material. Such statements involve risks and uncertainties that may cause future results to differ from those anticipated. These risks include, but are not limited to, the effects of general macroeconomic conditions, prevailing level of macroeconomic, business and operational uncertainty, including as a result of geopolitical events or other regional events or pandemics, changes to trade policies including tariffs and trade restrictions, as well as the current inflationary environment, and the effects of these conditions on the Company's customers' businesses and levels of business activity, including the effect of the current economic uncertainty and industry pressure on the spending decisions of the Company's customers. Amdocs' ability to grow in the business markets that it serves, Amdocs' ability to successfully integrate acquired businesses, adverse effects of market competition, rapid technological shifts that may render the Company's products and services obsolete, security incidents, including breaches and cyberattacks to our systems and networks and those of our partners or customers, potential loss of a major customer, our ability to develop long-term relationships with our customers, our ability to successfully and effectively implement artificial intelligence and Generative AI in the Company's offerings and operations, and risks associated with operating businesses in the international market. Amdocs may elect to update these forward-looking statements at some point in the future; however, Amdocs specifically disclaims any obligation to do so. These and other risks are discussed at greater length in Amdocs' filings with the Securities and Exchange Commission, including in our Annual Report on Form 20-F for the fiscal year ended September 30, 2025, filed on December 15, 2025, for the first quarter of fiscal 2026 on February 17, 2026, and for the second quarter of fiscal 2026 on May 26, 2026.
Primoris snížil výhled na rok 2026 kvůli dalším překročením nákladů a zpožděním v divizi Renewables; očekává výnosy divize Renewables kolem 2,1 mld. USD. COO Jeremy Kinch odešel a akcie klesly o 37,34 %.
Primoris stock is testing lower boundaries. Why did PRIM hit a new low? Jeremy Kinch departed from the COO role effective today. While the company conducts a search for a permanent successor, President and CEO Koti Vadlamudi will assume most COO responsibilities in the interim. “The Company thanks Jeremy for his contributions and wishes him well on his future endeavors,” Vadlamudi said.
Guidance CutThe guidance reduction stems from additional cost overruns and delays in the company’s Renewables business, identified through continued project progress and an ongoing assessment by a third-party industry expert. The overruns are primarily related to six previously disclosed projects. Primoris now expects full-year 2026 Renewables revenue of approximately $2.1 billion, down from approximately $3.0 billion in 2025.
For the full year 2026, the company now expects net income of $71.00 million to $101.00 million, EPS of $1.30 to $1.85 per fully diluted share, adjusted EPS of $2.05 to $2.60 and adjusted EBITDA of $275.00 to $325.00 million. The majority of the impact is expected to be reflected in second-quarter results.
“While we are disappointed by the additional costs experienced on a limited number of projects in our Renewables business, we remain confident in the long-term growth opportunities in our Renewables business and Primoris broadly,” said Vadlamudi.
The Silver LiningPrimoris Shares FallPRIM Price Action: At the time of publication, Primoris shares are trading 37.34% lower at $67.89, according to data from Benzinga Pro.
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