Casey’s ve fiskálním roce 2026 zvýšila srovnatelné tržby o 10,2 % a zisk z paliv o 21 % na 1,50 miliardy USD. Firma zároveň přidala 198 obchodů a plánuje otevřít alespoň 120 v roce 2027.
Key Takeaways CASY fiscal 2026 inside sales rose 10.2%, with same-store sales up 4.2% and margin at 42.2%.CASY fuel gross profit rose 21% to $1.50 billion as gallons sold and fuel margins increased.CASY added 198 stores via Fikes and plans to open at least 120 stores in fiscal 2027. Casey’s General Stores, Inc. (CASY - Free Report) enters fiscal 2027 with momentum across its core convenience-store model. The stock outlook rests on whether inside sales, fuel profitability and unit growth can keep supporting earnings.
The company’s latest operating results show a business that is broadening its profit base while still relying on fuel as a key traffic driver.
Casey’s Business Mix Drives StabilityCasey’s operates 2,944 stores across 19 states, with about 71% located in areas with populations below 20,000. That small-community footprint remains central to its store economics.
The company generates revenue from retail fuel, grocery and general merchandise, prepared food and dispensed beverages, plus other businesses such as wholesale fuel and car washes. This mix gives Casey’s several profit levers rather than dependence on one category.
CASY Inside Sales Keep BuildingInside sales remain a key part of the CASY story. In fiscal 2026, total inside sales increased 10.2%, while inside same-store sales rose 4.2%, supported by whole pizzas, non-alcoholic beverages and category innovation.
The margin picture also improved. Inside margin expanded 70 basis points year over year to 42.2%, reflecting better vendor execution, cost-of-goods management and a favorable product mix.
Casey’s Fuel Segment Adds Earnings PowerFuel continues to matter for both traffic and earnings. Fiscal 2026 retail fuel gallons sold increased 10% to 3.52 billion gallons, helped by store growth and the full-year contribution from Fikes locations.
Average fuel margin rose to 42.6 cents per gallon from 38.7 cents in fiscal 2025. Fuel gross profit increased 21% to $1.50 billion, showing that Casey’s benefited from both volume and stronger fuel economics.
CASY Expansion Keeps the Growth Story AliveThe Fikes and CEFCO acquisition is reshaping Casey’s scale. The company added 198 stores through the transaction and expanded its wholesale fuel exposure.
Casey’s opened 80 stores in fiscal 2026, evenly split between acquisitions and new builds, and converted 50 CEFCO stores to the Casey’s brand. Management expects to open at least 120 stores in fiscal 2027 through a mix of mergers and acquisitions and new construction.
Image Source: Zacks Investment Research
Casey’s Risks Still Deserve AttentionThe growth outlook carries cost pressure. Operating expenses rose 11.2% in fiscal 2026 to $2.84 billion, driven partly by more stores, labor, credit card fees and incentive-related expenses.
Interest expense is another watch item. Net interest expense increased 15.1% in fiscal 2026 to $96.6 million, mainly tied to debt used to partly fund the Fikes acquisition.
Competition also remains intense. Walmart Inc. (WMT - Free Report) is relevant to Casey’s investment context because it competes for consumer spending across grocery, general merchandise and value-focused retail formats. Costco Wholesale Corporation (COST - Free Report) adds another comparison point because its warehouse-club model and fuel offering keep it tied to both consumer traffic and fuel-price sensitivity.
CASY Signals Support a Bullish LensThe bottom line is that Casey’s has multiple growth drivers, but the stock outlook depends on execution. Inside sales growth, fuel margins and store expansion need to offset higher operating costs and interest expense.
CASY currently carries a Zacks Rank #1 (Strong Buy). That rank signals positive earnings estimate momentum and supports a favorable near-term view of the stock. You can see the complete list of today’s Zacks #1 Rank stocks here.
The stock also has a Value Score of A. For investors focused on valuation, that score suggests Casey’s screens well on value-oriented metrics, especially when considered alongside its top Zacks Rank.
Oceaneering oznámila soukromou nabídku seniorních nezajištěných dluhopisů v objemu 500 milionů USD se splatností v roce 2034. Výnosy chce použít na nákup všech 6,000% seniorních dluhopisů splatných v roce 2028; pokud se nabídka neuskuteční nebo výnosy přesáhnou částku potřebnou k vypořádání odkupu, zbytek použije na obecné korporátní účely.
HOUSTON--(BUSINESS WIRE)--Oceaneering International, Inc. (“Oceaneering”) (NYSE: OII) announced today that it intends to offer $500,000,000 aggregate principal amount of Senior Notes due 2034 (the “2034 Notes”) in a private placement to eligible purchasers.
Oceaneering intends to use the net proceeds from the proposed offering, together with cash on hand, if necessary, to fund the purchase of any and all of its 6.000% Senior Notes due 2028 (the “Tender Notes”) validly tendered and accepted for purchase in the concurrent cash tender offer announced today (the “Tender Offer”). If the Tender Offer is not consummated or the net proceeds from the offering exceed the total consideration payable in the Tender Offer, Oceaneering intends to use the remaining net proceeds from the offering for general corporate purposes, which may include the repayment, redemption, or repurchase of outstanding indebtedness.
The 2034 Notes will be offered and sold to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to non-U.S. persons outside the United States pursuant to Regulation S under the Securities Act. The offer and sale of the 2034 Notes have not been registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Any offers of the 2034 Notes will be made in the United States only by means of a private offering memorandum pursuant to Rule 144A under the Securities Act and to non-U.S. persons outside the United States pursuant to Regulation S under the Securities Act.
This press release does not constitute an offer to purchase or a solicitation of an offer to sell any of the Tender Notes. The Tender Offer is being made only by and pursuant to, and on the terms and conditions set forth in, the Offer to Purchase dated June 24, 2026.
This release contains “forward-looking statements,” as defined in the Private Securities Litigation Reform Act of 1995, including, without limitation, statements concerning Oceaneering’s proposed offering of the 2034 Notes, the intended use of proceeds therefrom, and other matters relating to the proposed offering and the Tender Offer. The forward-looking statements included in this release are based on Oceaneering's current expectations and are subject to certain risks, assumptions, trends, and uncertainties that could cause actual results to differ materially from those indicated by the forward-looking statements. For a more complete discussion of these and other risk factors, please see Oceaneering’s latest annual report on Form 10-K and subsequent quarterly report on Form 10-Q filed with the U.S. Securities and Exchange Commission. You should not place undue reliance on forward-looking statements. Except to the extent required by applicable law, Oceaneering undertakes no obligation to update or revise any forward-looking statement.
About Oceaneering
Oceaneering is a global technology company delivering engineered services and products and robotic solutions to the offshore energy, defense, aerospace, and manufacturing industries.
Oceaneering zahájila hotovostní nabídku na odkup všech svých 6,000% senior notes splatných v roce 2028 v objemu 500 milionů USD. Nabídka má skončit 30. června 2026.
HOUSTON--(BUSINESS WIRE)--Oceaneering International, Inc. (“Oceaneering”) (NYSE: OII) announced today that it has commenced a cash tender offer to purchase any and all of its outstanding 6.000% Senior Notes due 2028 (the “Notes”) for the consideration described below.
Title of Security
CUSIP Numbers(2)
Aggregate Principal Amount
Outstanding
U.S. Treasury Reference Security
Bloomberg Reference Page
Fixed Spread (basis points)
6.000% Senior Notes due 2028(1)
675232 AB8
675232 AD4
$500,000,000
3.50% UST due October 31, 2027
FIT4
40
The purchase price for each $1,000 principal amount of Notes validly tendered (the "Purchase Price"), and not validly withdrawn, and accepted for purchase pursuant to the tender offer will be determined in the manner described in the Offer to Purchase dated June 24, 2026 (the "Offer to Purchase”). This determination will be made by reference to the fixed spread specified above, plus the yield to maturity based on the bid-side price of the U.S. Treasury Reference Security specified above, as quoted on the Bloomberg Bond Trader FIT4 series of pages at 2:00 p.m., New York City time, on June 30, 2026, the date on which the tender offer is currently scheduled to expire. The Purchase Price will be calculated based on a yield to October 31, 2027, and assuming the Notes are redeemed on October 31, 2027, at the specified redemption price for such date of 100.000% of the principal amount, as described in the Offer to Purchase.
The tender offer will expire at 5:00 p.m., New York City time, on June 30, 2026, unless extended or earlier terminated (the “Expiration Time”). Holders who have validly tendered their Notes may withdraw such Notes at any time (i) at or prior to the earlier of (x) the Expiration Time and (y) in the event the tender offer is extended, the tenth business day after the date hereof, and (ii) after the 60th business day after the date hereof if for any reason the tender offer has not been consummated within 60 business days of the date hereof. The delivery of Notes tendered by guaranteed delivery procedures must be made no later than 5:00 p.m., New York City time, on July 2, 2026. Oceaneering expects to pay the consideration for Notes validly tendered and not validly withdrawn at or prior to the Expiration Time and accepted for purchase by it or tendered and delivered through the guaranteed delivery procedures on July 6, 2026, the third business day following the Expiration Time (the “Settlement Date”). The tender offer is conditioned upon the satisfaction or waiver of certain conditions, including Oceaneering’s completion of one or more debt financing transactions on terms satisfactory to it. The tender offer is not conditioned upon any minimum amount of Notes being tendered.
The complete terms and conditions of the tender offer are set forth in the Offer to Purchase and in the related Notice of Guaranteed Delivery, along with any amendments and supplements thereto, which holders are urged to read carefully before making any decision with respect to the tender offer. Oceaneering has retained J.P. Morgan Securities LLC as dealer manager (the “Dealer Manager”) in connection with the tender offer. Copies of the Offer to Purchase and the related Notice of Guaranteed Delivery may be obtained from Global Bondholder Services Corporation, the Depositary and Information Agent for the tender offer, by phone at (212) 430-3774 (banks and brokers) or (855) 654-2014 (toll-free), by email at [email protected] or online at https://gbsc-usa.com/oii/. Questions regarding the tender offer may also be directed to the Dealer Manager at +1 (866) 834-4666 (toll free) or +1 (212) 834-4818 (collect).
This press release is neither an offer to purchase nor a solicitation of an offer to sell the Notes. The tender offer is being made only by, and pursuant to the terms of, the Offer to Purchase and the related Notice of Guaranteed Delivery. The tender offer is not being made in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky, or other laws of such jurisdiction. In any jurisdiction where the laws require the tender offer to be made on Oceaneering’s behalf by a licensed broker or dealer and the Dealer Manager or one of the Dealer Manager’s affiliates is such a licensed broker or dealer in any such jurisdiction, the tender offer will be deemed to be made by the Dealer Manager or affiliate, as the case may be, on behalf of Oceaneering. None of Oceaneering, the Depositary and Information Agent, or the Dealer Manager, or any of their affiliates, makes any recommendation as to whether holders should tender or refrain from tendering all or any portion of their Notes in response to the tender offer. This press release is neither an offer to sell nor a solicitation of an offer to buy any securities or other financial instrument that constitute financing for the tender offer.
This release contains “forward-looking statements,” as defined in the Private Securities Litigation Reform Act of 1995, including, without limitation, statements concerning the expected timing for expiration and settlement of the tender offer, the conditions to the tender offer, and other matters relating to the tender offer and any debt financing transactions. The forward-looking statements included in this release are based on Oceaneering's current expectations and are subject to certain risks, assumptions, trends, and uncertainties that could cause actual results to differ materially from those indicated by the forward-looking statements. For a more complete discussion of these and other risk factors, please see Oceaneering’s latest annual report on Form 10-K and subsequent quarterly report on Form 10-Q filed with the U.S. Securities and Exchange Commission. You should not place undue reliance on forward-looking statements. Except to the extent required by applicable law, Oceaneering undertakes no obligation to update or revise any forward-looking statement.
About Oceaneering
Oceaneering is a global technology company delivering engineered services and products and robotic solutions to the offshore energy, defense, aerospace, and manufacturing industries.
Getty Images uzavřela víceletou dohodu s OpenAI, která přinese její licencovaný obsah do vyhledávání a objevování v ChatGPT. Obsah Getty Images se tak zobrazí v rámci vizuálních odpovědí.
Multi-year agreement brings Getty Images’ licensed content into OpenAI search and discovery experiences in ChatGPT June 21, 2026 20:00 ET | Source: Getty Images, Inc.
NEW YORK, June 21, 2026 (GLOBE NEWSWIRE) -- Getty Images (NYSE: GETY), a preeminent global visual content creator and marketplace, today announced a display agreement with OpenAI. Under the partnership Getty Images’ licensed content libraries will appear across OpenAI search and discovery experiences within ChatGPT.
The agreement enables the use of Getty Images’ content for display within ChatGPT, enhancing the richness of visual responses.
“High-quality, licensed visual content makes AI-powered search and discovery more useful and more trustworthy. This partnership with OpenAI reflects a shared recognition of that, and together we will deliver richer visual experiences to ChatGPT users,” said Craig Peters, Chief Executive Officer at Getty Images.
About Getty Images
Getty Images (NYSE: GETY) is a preeminent global visual content creator and marketplace that offers a full range of content solutions to meet the needs of any customer around the globe, no matter their size. Through its Getty Images, iStock and Unsplash brands, websites and APIs, Getty Images serves customers in almost every country in the world and is the first-place people turn to discover, purchase and share powerful visual content from the world’s best photographers and videographers. Getty Images works with almost 600,000 content creators and almost 360 content partners to deliver this powerful and comprehensive content. Each year Getty Images covers more than 160,000 news, sport and entertainment events providing depth and breadth of coverage that is unmatched. Getty Images maintains one of the largest and best privately-owned photographic archives in the world with millions of images dating back to the beginning of photography.
Through its best-in-class creative library and Custom Content solutions, Getty Images helps customers elevate their creativity and entire end‑to‑end creative process to find the right visual for any need. With the adoption and distribution of generative AI technologies and tools trained on permissioned content that include indemnification and perpetual, worldwide usage rights, Getty Images and iStock customers can use text to image generation to ideate and create commercially safe compelling visuals, further expanding Getty Images capabilities to deliver exactly what customers are looking for.
For company news and announcements, visit our Newsroom.
Diamond Equity Research zahájila pokrytí Allied Critical Metals a vyzdvihla jeho portugalské wolframové projekty Borralha a Vila Verde. U Borralhy uvedla NPV po zdanění kolem C$473 milionů a IRR 48,8 %.
New York, June 22, 2026 (GLOBE NEWSWIRE) -- Diamond Equity Research LLC, an equity research firm with a focus on small capitalization public companies has initiated coverage of Allied Critical Metals Inc. (CSE: ACM) (OTCQB: ACMIF) (FSE: 0VJ0). The research summary below is from a report commissioned by Allied Critical Metals Inc. and produced by Diamond Equity Research. The in-depth 40-page initiation report includes detailed information on Allied Critical Metal’s business model, services, industry overview, financials, management profile, and risks.
The full research report is available below.
Allied Critical Metals Initiation of Coverage
Highlights from the report include:
Strategic Exposure to a Structurally Tight and Geopolitically Critical Tungsten Market: Allied Critical Metals provides direct exposure to tungsten, a strategically important critical mineral increasingly essential across defense, semiconductors, aerospace, industrial tooling, energy infrastructure, and next-generation technologies. With China controlling approximately 79% of global tungsten supply and Western governments implementing restrictions on Chinese tungsten sourcing, non-Chinese supply sources are becoming increasingly valuable. The company’s Portugal-based tungsten portfolio positions ACM as a potential strategic supplier into emerging Western critical mineral supply chains amid tightening global supply conditions and rising geopolitical focus on resource security.Strategic Positioning Within European Critical Raw Materials Policy: ACM's Portuguese tungsten assets are uniquely positioned within the European Union's drive to secure domestic supplies of critical and strategic raw materials under the Critical Raw Materials Act (CRMA). Portugal is currently the European Union's largest producer of tungsten concentrate and is widely recognized as one of the few jurisdictions capable of materially increasing domestic tungsten production in the coming years. Borralha and Vila Verde therefore represent potential strategic contributors to European industrial resilience, defence supply chains and long-term resource security. This positioning has been formally recognized by idD Portugal Defence, the Portuguese public entity overseeing the nation's Defence Industry, which issued ACM a Letter of Recognition endorsing the Borralha Project as a strategic initiative of national importance and acknowledging the Company's leadership role in re-establishing tungsten production in Portugal. Borralha Represents a Large-Scale, PEA-Stage Tungsten Development Asset with Strong Economic Basis: The Borralha Tungsten Project provides ACM with a defined resource-backed development platform supported by an updated 2025 Mineral Resource Estimate of 13.0 Mt Measured & Indicated grading 0.21% WO₃ and 7.7 Mt Inferred grading 0.18% WO₃. The April 2026 PEA demonstrated robust economics across multiple pricing scenarios, including an after-tax NPV(8%) of approximately C$473 million and an IRR of 48.8% under the medium-case tungsten price assumption. Importantly, the PEA was completed using tungsten price assumptions materially below prevailing market prices. The study’s medium-case scenario was based on approximately US$1,000/mtu WO₃, while the high-case scenario used US$1,500/mtu WO₃, both of which remain substantially below recent spot prices that have exceeded US$3,000/mtu during 2026. Favourable Permitting Positioning: Borralha is one of the most advanced undeveloped tungsten projects in Europe from a permitting perspective. The Project has received a favourable Environmental Impact Declaration (DIA) from the Portuguese environmental authorities, significantly reducing permitting risk and positioning the Project to advance toward the next stages of engineering, environmental compliance and feasibility development. Santa Helena Breccia Supports Scalable Underground Mining Optionality Beyond Traditional Narrow Vein Tungsten Deposits: Borralha’s Santa Helena Breccia system materially differentiates the project from many conventional narrow-vein tungsten operations. The breccia system demonstrates widths of up to 200 meters, strike length exceeding 600 meters, and remains open at depth, supporting potential scalability through bulk underground mining methods. Wide mineralized intercepts together with localized high-grade zones support operational flexibility and potentially improved mining efficiency relative to traditional vein-restricted tungsten deposits. Strengthened Liquidity Position Significantly Improves Near- to Medium-Term Execution Visibility: The company materially strengthened its financial position through a recently announced approximately US$40 million strategic financing and offtake package, including US$15 million of project financing for Vila Verde and a tungsten concentrate offtake agreement. ACM indicated available liquidity exceeding approximately C$45 million, providing improved funding visibility for pilot plant construction, ongoing drilling programs, metallurgical optimization, and future prefeasibility-related work. The improved balance sheet reduces near-term financing pressure and allows the company to transition from a purely exploration-focused issuer toward a project execution and development story. The financing package also represents a significant third-party validation of the quality of ACM's asset portfolio and development strategy, supporting the Company's transition from exploration and resource delineation toward project development and execution. Portfolio Approach Provides Multiple Development Pathways: ACM benefits from a dual-asset strategy through the Borralha and Vila Verde Projects. While Borralha represents a large-scale, long-life development asset with significant resource expansion potential, Vila Verde provides a potentially lower-capital pathway toward near-term production through the planned pilot plant and processing operations. Together, the projects provide operational flexibility, diversified development timelines and multiple opportunities for value creation.Valuation: Allied Critical Metals has been valued primarily using a DCF-based NAV methodology, to which we assign a 75% weighting, complemented by a 25% weighting to a comparable company analysis. The DCF framework applies an 8.0% discount rate and assumes no terminal value. The valuation incorporates separate project-level forecasts for Borralha and Vila Verde, with Borralha treated as the company’s core long-term development asset and Vila Verde modeled as a near-term pilot plant opportunity. For Borralha, we model the 13.0 Mt M&I resource as the core operating base over an 11-year mine life, while the 7.7 Mt inferred resource is treated as a separate, lower-confidence mine-line extension optionality. For Vila Verde, we model a near-term pilot plant case with an initial throughput of 150,000 tpa over 5 years. In addition, we have incorporated a comparable company analysis, using EV/contained WO3 as the relevant market-based valuation metric for publicly listed tungsten-focused peers. On a blended basis, this approach results in an illustrative equity value of C$629.04 million, or C$3.50 per share, contingent on successful execution by the company. About Allied Critical Metals Inc.
Allied Critical Metals Inc. is a Canadian-based critical minerals development company focused on becoming a leading European supplier of tungsten and associated critical metals. Through its 100%-owned Borralha and Vila Verde Projects in northern Portugal, ACM is advancing a portfolio of strategically significant assets positioned to support European and North American supply chain security, defence requirements, energy transition technologies and advanced manufacturing industries.The Borralha Project is one of the largest undeveloped tungsten resources within the European Union and benefits from a favourable Environmental Impact Declaration (DIA), positioning the Project for advancement toward feasibility and development. Vila Verde represents additional exploration upside within the same strategic jurisdiction. Tungsten has been designated a critical raw material by the United States and the European Union due to its strategic importance in defense, aerospace, manufacturing, automotive, electronics and energy applications. Currently, China, Russia and North Korea account for approximately 87% of global tungsten supply and reserves, highlighting the importance of secure western sources.
Further details regarding the Borralha Project are available in the Company's NI 43-101 Preliminary Economic Assessment Technical Report dated April 14, 2026, filed on SEDAR+ at www.sedarplus.ca and on the Company's website at www.alliedcritical.com.
About Diamond Equity Research
Diamond Equity Research is an equity research and corporate access firm focused on small capitalization companies. Diamond Equity Research is an approved sell-side provider on major institutional investor platforms.
For more information, visit https://www.diamondequityresearch.com.
Disclosures:
Diamond Equity Research LLC is being compensated by Allied Critical Metals, Inc. for producing research materials regarding Allied Critical Metals, Inc. and its securities, which is meant to subsidize the high cost of creating the reports and monitoring the security, however the views in the report reflect that of Diamond Equity Research. All payments are received upfront and are billed for research engagement. As of 06/22/26 Allied Critical Metals, Inc. has paid us $50,000 for our company sponsored research services, which commenced 04/30/2026 and is billed annually, which could present a conflict of interest. Diamond Equity Research LLC may be compensated for non-research related services, including presenting at Diamond Equity Research investment conferences, press releases and other additional services. The non-research related service cost is dependent on the company, but usually do not exceed $5,000. Allied Critical Metals, Inc. has not paid us for non-research related services as of 06/22/2026. Issuers are not required to engage us for these additional services. Additional fees may have accrued since then. Diamond Equity Research LLC for a distinct engagement and not for this specific report is being compensated by Almonty Industries, Inc. for producing research materials regarding Almonty Industries, Inc. and its securities, which is meant to subsidize the high cost of creating the reports and monitoring the security, however the views in the reports reflect that of Diamond Equity Research. All payments are received upfront and are billed for research engagement. As of 06/22/26 Almonty Industries, Inc. has paid us $100,000 for our company sponsored research services, which commenced 03/07/2025 and is billed annually upfront for $50,000. Diamond Equity Research LLC may be compensated for non-research related services, including presenting at Diamond Equity Research investment conferences, press releases and other additional services. The non-research related service cost is dependent on the company, but usually do not exceed $5,000. Almonty Industries, Inc. has not paid us for non-research related services as of 06/22/2026. Issuers are not required to engage us for these additional services. Additional fees may have accrued since then. Almonty Industries Inc.’s payments are disclosed as security mentioned in this report; however, they have not paid for this specific report. Additional research cash compensation may be received in future years if issuer engagements are renewed. Although Diamond Equity Research company sponsored reports are based on publicly available information and although no investment recommendations are made within our company sponsored research reports, given the small capitalization nature of the companies we cover we have adopted an internal trading procedure around the public companies by whom we are engaged, with investors able to find such policy on our website public disclosures page. This report and press release do not consider individual circumstances and does not take into consideration individual investor preferences.Statements within this report may constitute forward-looking statements, these statements involve many risk factors and general uncertainties around the business, industry, and macroeconomic environment.This report is based on information we consider reliable, including the subject of the report.This report does not explicitly or implicitly affirm that the information contained in this document is accurate and/or comprehensive, and as such should not be relied on in such capacity. All information contained within this report is subject to change without any formal or other notice provided. Investors need to be aware of the high degree of risk in small capitalization equities including the complete potential loss of their investment. Investors can find various risk factors in the initiation report and in the respective financial filings for Allied Critical Metals Inc., which may not be comprehensive. Please review initiation report attached for full report disclosures.
AECOM získal druhé zařazení do britského rámce CPS2 a rozšířil svůj podíl z pěti na devět lotů. Rámec v hodnotě 4,7 miliardy USD otevírá cestu k veřejným zakázkám v obraně, jaderné energetice a protipovodňových projektech.
Key Takeaways AECOM secured a second CPS2 appointment, expanding from five to nine lots on the U.K. framework.The $4.7B framework opens routes to public work in defense, nuclear energy and flood risk.ACM's backlog rose 8% to a record level as management raised full-year profit guidance again. AECOM (ACM - Free Report) was selected by the U.K. Government Commercial Agency for the Construction Professional Services 2 (CPS2) Framework, strengthening its access to public-sector infrastructure opportunities across the United Kingdom.
The four-year framework, valued at $4.7 billion, CPS2 will serve as a key procurement route for U.K. public-sector organizations seeking construction professional and technical services across education, housing, energy, health and other areas.
This marks AECOM’s second appointment to the framework, following its original inclusion in 2021. Under CPS2, the company has expanded its role from five lots to nine, covering general infrastructure, project management, defense, defense enhanced, international, nuclear energy and all three flood risk and asset management lots. Following the news, shares of ACM dropped 1.4% during trading hours yesterday.
AECOM Is Deepening Public-Sector PartnershipsAECOM’s broader appointment enhances its exposure to high-value U.K. infrastructure work, including defense, nuclear energy, flood risk management, social infrastructure, transportation and environmental services. It also reinforces the company’s position as a trusted partner to government clients, including central government departments, local authorities and the Environment Agency.
Management noted that CPS2 provides an important route to market for AECOM’s multidisciplinary services and supports its ability to help address the U.K. public sector’s infrastructure and built-environment challenges while delivering long-term value for taxpayers.
ACM’s Backlog Strength Supports Growth OutlookAECOM’s record backlog and expanding pipeline continue to support its long-term growth trajectory. Demand remains solid across transportation, energy, water, defense and data center infrastructure. Management also highlighted a roughly 50% increase in its defense pipeline, along with continued opportunities tied to hyperscale data centers, power generation and transmission projects.
The company ended the second quarter of fiscal 2026 with backlog up 8% year over year to a record $26.2 billion, supported by a design book-to-burn ratio of 1.2x. Net Service Revenue (NSR) margins, adjusted EBITDA and adjusted EPS reached second-quarter highs, while segment adjusted operating margin expanded 50 basis points to 16.5%. Backed by a strong backlog, robust funding across core markets and continued execution of strategic initiatives, management raised full-year fiscal 2026 profit guidance for the second time this year and expects adjusted EPS and EBITDA to increase 14% and 7% compared to fiscal 2025, respectively, at the midpoints of its updated guidance ranges.
AECOM stock has declined 28.8% in the year-to-date period, significantly underperforming the Zacks Engineering - R and D Services industry’s 39.1% growth. The near-term outlook remains challenged by macroeconomic uncertainty, inflationary pressures and temporary disruptions related to the prolonged U.S. federal government shutdown.
However, ACM’s long-term growth outlook remains compelling, supported by strong demand across its core end markets, including transportation, water, environmental services, energy and advanced facilities.
Image Source: Zacks Investment Research
ACM’s Zacks Rank & Key PicksAECOM currently carries a Zacks Rank #3 (Hold).
Here are some top-ranked stocks from the Construction sector:
Comfort Systems USA, Inc. (FIX - Free Report) flaunts a Zacks Rank #1 (Strong Buy) at present. The company delivered a trailing four-quarter earnings surprise of 39.3%, on average. FIX stock has surged 121.4% year to date. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Comfort Systems’ fiscal 2026 sales and earnings per share (EPS) indicates growth of 30.5% and 49.2%, respectively, from the prior-year levels.
Sterling Infrastructure, Inc. (STRL - Free Report) flaunts a Zacks Rank of 1 at present. The company delivered a trailing four-quarter earnings surprise of 29.1%, on average. STRL stock has jumped 204.6% year to date.
The Zacks Consensus Estimate for Sterling’s 2026 sales and EPS indicates growth of 59.2% and 77.5%, respectively, from the prior-year levels.
Quanta Services, Inc. (PWR - Free Report) flaunts a Zacks Rank of 1 at present. The company delivered a trailing four-quarter earnings surprise of 10.3%, on average. PWR stock has climbed 75.4% year to date.
The Zacks Consensus Estimate for Quanta’s 2026 sales and EPS indicates growth of 21.5% and 30%, respectively, from the prior-year levels.
KB Home vykázala za 2. čtvrtletí tržby ve výši 1,11 mld. USD a zředěný zisk na akcii 0,43 USD, zatímco čistý zisk klesl na 27,3 mil. USD. Firma také odkoupila vlastní akcie za 75 mil. USD.
Revenues of $1.11 Billion; Diluted Earnings Per Share of $.43
Repurchased $75.0 Million of Common Stock
, /PRNewswire/ -- KB Home (NYSE: KBH) today reported results for its second quarter ended May 31, 2026.
"We produced solid second-quarter results that met or exceeded the mid-point of our key guidance ranges," said Jeffrey Mezger, Executive Chairman. "Our return to a predominantly Built to Order business model continued to gain momentum, with these homes representing 73% of our net orders in the quarter, progress that we believe supports stronger, more sustainable performance over time and across market cycles."
"Operationally, our teams continued to execute well and generated meaningful results, achieving 35 new community openings, at the high end of our projection, and reducing our build times by more than a full week sequentially from home start to home completion," said Robert McGibney, President and Chief Executive Officer. "At the same time, we remained disciplined as we continued to successfully navigate a difficult and fluid market environment, balancing pace and price while tightly managing costs."
"The progress in our second quarter sets the foundation for the remainder of fiscal 2026, with sequentially higher delivery volumes and gross margins projected for each of the final two quarters. We remain committed to increasing shareholder value through improved performance, as well as our continued focus on operational excellence, strong financial flexibility and ongoing balanced approach to capital allocation," concluded Mezger.
Three Months Ended May 31, 2026 (comparisons on a year-over-year basis)
Revenues were down 27% to $1.11 billion. Homes delivered decreased 23% to 2,395. Average selling price was $461,900, compared to $488,700. Homebuilding operating income was $28.2 million, compared to $131.5 million. The homebuilding operating income margin was 2.5%, compared to 8.6%, due to a lower housing gross profit margin and higher selling, general and administrative expense ratio. Excluding inventory-related charges of $5.6 million for both the current quarter and the year-earlier quarter, homebuilding operating income was 3.0%, compared to 9.0%. The housing gross profit margin was 15.2%, compared to 19.3%. Excluding the above-mentioned inventory-related charges, the housing gross profit margin was 15.7%, compared to 19.7%, primarily reflecting price reductions, higher relative land costs and reduced operating leverage. Selling, general and administrative expenses were 12.7% of housing revenues, compared to 10.7%, mainly due to a decrease in operating leverage. Financial services pretax income totaled $6.7 million, compared to $8.2 million, primarily due to lower equity in income from the Company's mortgage banking joint venture. The joint venture's results mainly reflected reduced loan origination volume driven by fewer homes delivered. Net income was $27.3 million, compared to $107.9 million. Diluted earnings per share was $.43, compared to $1.50, reflecting current quarter net income, partly offset by the favorable impact of the Company's common stock repurchases. The effective tax rate was 26.6%, compared to 24.2%. Six Months Ended May 31, 2026 (comparisons on a year-over-year basis)
Revenues totaled $2.19 billion, compared to $2.92 billion. Homes delivered of 4,765 were down 19%. Average selling price decreased 8% to $457,000. Net income was $60.8 million, compared to $217.4 million. Diluted earnings per share was $.96, compared to $3.00. Net Orders and Backlog (comparisons on a year-over-year basis)
Net orders of 3,317 declined 4%. The Company's ending backlog was down 5% to 4,526 homes, and backlog value decreased 7% to $2.14 billion. Monthly net orders per community were 4.0, compared to 4.5. The cancellation rate as a percentage of gross orders was 12%, compared to 16%. The average community count for the quarter grew 9% to 278, and the ending community count was up 11% to 280. Balance Sheet as of May 31, 2026 (comparisons to November 30, 2025)
The Company had total liquidity of $1.12 billion, including $199.8 million of cash and cash equivalents and $923.4 million of available capacity under its unsecured revolving credit facility ("Credit Facility"), with $275.0 million of cash borrowings outstanding. Inventories increased slightly to $5.73 billion. Investments in land and land development for the quarter decreased 4% to $495.8 million, compared to $513.9 million for the prior-year quarter. For the six months ended May 31, 2026, total land-related investments decreased 26% to $1.06 billion, compared to $1.43 billion for the year-earlier period. The Company's lots owned or under contract decreased 9% to 59,106, of which approximately 62% were owned and 38% were under contract. Notes payable were $1.97 billion, compared to $1.69 billion, reflecting cash borrowings outstanding under the Credit Facility. The debt to capital ratio was 34.1%, compared to 30.3%. Stockholders' equity totaled $3.80 billion, compared to $3.90 billion, primarily reflecting current quarter common stock repurchases and cash dividends, partly offset by net income for the same period. In the 2026 second quarter, the Company repurchased 1.4 million shares of its outstanding common stock at a cost of $75.0 million, bringing its total repurchases in the 2026 first half to 2.2 million shares at a total cost of $125.0 million. As of May 31, 2026, the Company had $775.0 million remaining under its current common stock repurchase authorization. Based on the Company's approximately 61.3 million outstanding shares as of May 31, 2026, book value per share of $61.93 increased 6% year over year. Guidance
The Company is providing the following guidance for its 2026 third quarter and full year as to certain metrics:
2026 Third Quarter —
Deliveries in the range of 2,600 to 2,800 homes. Housing revenues in the range of $1.20 billion to $1.35 billion. Housing gross profit margin in the range of 16.0% to 16.6%, assuming no inventory-related charges. Selling, general and administrative expenses as a percentage of revenues in the range of 11.3% to 11.9%. Effective tax rate in the range of 19% to 21%. Ending community count in the range of 270 to 280. 2026 Full Year —
Deliveries in the range of 10,500 to 11,000 homes. Housing revenues in the range of $4.90 billion to $5.30 billion. Housing gross profit margin in the range of 16.1% to 16.5%, assuming no inventory-related charges. Selling, general and administrative expenses as a percentage of revenues in the range of 11.4% to 11.8%. Effective tax rate in the range of 22% to 24%. Conference Call
The conference call to discuss the Company's 2026 second quarter earnings will be broadcast live TODAY at 2:00 p.m. Pacific Time, 5:00 p.m. Eastern Time. To listen, please go to the Investor Relations section of the Company's website at kbhome.com.
About KB Home
KB Home is one of the largest and most trusted homebuilders in the United States. We operate in 50 markets, have built over 700,000 quality homes in our nearly 70-year history, and are honored to be the #1 customer-ranked national homebuilder based on third-party buyer surveys. What sets KB Home apart is building strong, personal relationships with every customer and creating an exceptional homebuying experience that offers our homebuyers the ability to personalize their home based on what they value at a price they can afford. As the industry leader in sustainability, KB Home has achieved one of the highest residential energy-efficiency ratings and delivered more ENERGY STAR® certified homes than any other builder, helping to lower the total cost of homeownership. For more information, visit kbhome.com.
Forward-Looking and Cautionary Statements
Certain matters discussed in this press release, including any statements that are predictive in nature or concern future market and economic conditions, business and prospects, our future financial and operational performance, or our future actions and their expected results are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations and projections about future events and are not guarantees of future performance. We do not have a specific policy or intent of updating or revising forward-looking statements. If we update or revise any such statement(s), no assumption should be made that we will further update or revise that statement(s) or update or revise any other such statement(s). In addition, such forward-looking statements may be based in whole or in part on general observations or opinions of our management, limited or anecdotal evidence and/or business or industry experience without in-depth or any particular empirical investigation, inquiry or analysis and are not intended, and do not express, factual assertions about past events. Actual events and results may differ materially from those expressed or forecasted in forward-looking statements due to a number of factors. The most important risk factors that could cause our actual performance and future events and actions to differ materially from such forward-looking statements include, but are not limited to the following: general economic, employment and business conditions; population growth or decline, household formations and demographic trends; conditions in the capital, credit and financial markets; our ability to access external financing sources and raise capital through the issuance of common stock, debt or other securities, and/or project financing, on favorable terms; the execution of any securities repurchases pursuant to our board of directors' authorization; material and trade costs and availability, including the costs associated with achieving the standards for ENERGY STAR certified homes, and delays related to state and municipal construction, permitting, inspection and utility processes, which have been disrupted by key equipment shortages; rising consumer and producer price inflation; changes in interest rates, including those set by the Federal Reserve and those available in the capital markets or from financial institutions and other lenders, and applicable to mortgage loans; our debt level, including our ratio of debt to capital, and our ability to adjust our debt level and maturity schedule; our compliance with the terms of our unsecured revolving credit facility and our senior unsecured term loan; the ability and willingness of the applicable lenders and financial institutions, or any substitute or additional lenders and financial institutions, to meet their commitments or fund borrowings, extend credit or provide payment guarantees to or for us under our unsecured revolving credit facility or unsecured letter of credit facility; volatility in the market price of our common stock; our obtaining adequate levels of affordable insurance for our business and our ability to cover any incurred costs, liabilities or losses that are not covered by the insurance we have procured or that are due to our deciding not to procure certain types or amounts of insurance coverage; home selling prices, including our homes' selling prices, being unaffordable relative to consumer incomes; weak or declining consumer confidence, either generally or specifically with respect to purchasing homes; competition from other sellers of new and resale homes, particularly homebuilders with significant unsold inventory; weather events, significant natural disasters and other climate and environmental factors, such as a lack of adequate water supply to permit new home communities in certain areas; potential instability associated with the regulatory and executive policies, proposals and orders of the U.S. presidential administration, including any directed at our operations, business practices or capital allocation strategies; government actions, policies, programs and regulations directed at or affecting the housing market (including the tax benefits associated with purchasing and owning a home, and the standards, fees and size limits applicable to the purchase or insuring of mortgage loans by government-sponsored enterprises and government agencies, and the potential significant scaling back or ending of the federal conservatorship of the government-sponsored enterprises), the homebuilding industry, or construction activities; changes in existing tax laws or enacted corporate income tax rates, including those resulting from regulatory guidance and interpretations issued with respect thereto, such as Internal Revenue Service guidance regarding heightened qualification requirements for federal tax credits for building energy-efficient homes and the pending expiration of such tax credits in 2026; changes in U.S. trade policies, including the imposition of tariffs and duties on homebuilding materials and products, and related trade disputes with and retaliatory measures taken by other countries, and financial markets' and business' reactions to any such policies; disruptions in world and regional trade flows, economic activity and supply chains due to the military conflicts in the Middle East and in Ukraine, including those stemming from wide-ranging sanctions and other restrictions the U.S. and other countries have imposed or may further impose respectively on Iranian or Russian business sectors, financial organizations, individuals and raw materials, the impact of which may, among other things, increase our operational costs, exacerbate building materials and appliance shortages and/or reduce our revenues and earnings; the adoption of new or amended financial accounting standards and the guidance and/or interpretations with respect thereto; the availability and cost of land in desirable areas and our ability to timely and efficiently develop acquired land parcels and open new home communities; impairment, land option contract abandonment or other inventory-related charges, including any stemming from decreases in the value of our land assets; our warranty claims experience with respect to homes previously delivered and actual warranty costs incurred; costs and/or charges arising from regulatory compliance requirements or from legal, arbitral or regulatory proceedings, investigations, claims or settlements, including unfavorable outcomes in any such matters resulting in actual or potential monetary damage awards, penalties, fines or other direct or indirect payments, or injunctions, consent decrees or other voluntary or involuntary restrictions or adjustments to our business operations or practices that are beyond our current expectations and/or accruals; our ability to use/realize the net deferred tax assets we have generated; our ability to successfully implement our current and planned strategies and initiatives related to our product, geographic and market positioning, gaining share and scale in our served markets, through, among other things, our making substantial investments in land and land development, which, in some cases, involves putting significant capital over several years into large projects in one location, and in entering into new markets; our operational and investment concentration in markets in California; consumer interest in and responsiveness to our new home communities, products and simplified selling process with transparent pricing and limited incentives, particularly from first-time homebuyers and higher-income consumers; our ability to generate orders and convert our backlog of orders to home deliveries and revenues, particularly in key markets in California; our ability to successfully implement our business strategies and achieve any associated financial and operational targets and objectives, including those discussed in this release, during today's conference call or in any of our other public filings, presentations or disclosures; income tax expense volatility associated with stock-based compensation; the costs we incur in connection with relocating our corporate headquarters office from Los Angeles, California to Tempe, Arizona in 2027, including costs for employee-related severance, retention, and relocation, as well as recruitment and onboarding; the ability of our homebuyers to obtain homeowners and flood insurance policies, and/or typical or lender-required policies for other hazards or events, for their homes, which may depend on the ability and willingness of insurers or government-funded or -sponsored programs to offer coverage at an affordable price or at all; the ability of our homebuyers to obtain residential mortgage loans and mortgage banking services, which may depend on the ability and willingness of lenders and financial institutions to offer such loans and services to our homebuyers; the performance of mortgage lenders to our homebuyers; the performance of KBHS Home Loans, LLC ("KBHS"); the ability and willingness of lenders and financial institutions to extend credit facilities to KBHS to fund its originated mortgage loans; information technology failures and data security breaches; an epidemic, pandemic or significant seasonal or other disease outbreak, and the control response measures that international, federal, state and local governments, agencies, law enforcement and/or health authorities implement to address it, which may precipitate or exacerbate one or more of the above-mentioned and/or other risks, and significantly disrupt or prevent us from operating our business in the ordinary course for an extended period; widespread protests and/or civil unrest, whether due to political events, social movements or other reasons; and other events outside of our control. Please see our periodic reports and other filings with the Securities and Exchange Commission for a further discussion of these and other risks and uncertainties applicable to our business.
(Tables Follow)
KB HOME
CONSOLIDATED STATEMENTS OF OPERATIONS
For the Three Months and Six Months Ended May 31, 2026 and 2025
(In Thousands, Except Per Share Amounts – Unaudited)
Three Months Ended May 31,
Six Months Ended May 31,
2026
2025
2026
2025
Total revenues
$ 1,112,435
$ 1,529,585
$ 2,189,446
$ 2,921,362
Homebuilding:
Revenues
$ 1,107,107
$ 1,524,716
$ 2,179,166
$ 2,911,757
Costs and expenses
(1,078,956)
(1,393,253)
(2,118,029)
(2,652,955)
Operating income
28,151
131,463
61,137
258,802
Interest income
1,164
1,679
2,445
3,758
Equity in income of unconsolidated joint ventures
1,269
1,080
1,791
3,493
Homebuilding pretax income
30,584
134,222
65,373
266,053
Financial services:
Revenues
5,328
4,869
10,280
9,605
Expenses
(1,493)
(1,570)
(3,043)
(3,109)
Equity in income of unconsolidated joint venture
2,830
4,862
4,963
9,191
Financial services pretax income
6,665
8,161
12,200
15,687
Total pretax income
37,249
142,383
77,573
281,740
Income tax expense
(9,900)
(34,500)
(16,800)
(64,300)
Net income
$ 27,349
$ 107,883
$ 60,773
$ 217,440
Earnings per share:
Basic
$ .44
$ 1.53
$ .97
$ 3.05
Diluted
$ .43
$ 1.50
$ .96
$ 3.00
Weighted average shares outstanding:
Basic
61,789
69,976
62,214
70,745
Diluted
62,733
71,226
63,219
72,108
KB HOME
CONSOLIDATED BALANCE SHEETS
(In Thousands – Unaudited)
May 31,
2026
November 30,
2025
Assets
Homebuilding:
Cash and cash equivalents
$ 199,819
$ 228,614
Receivables
389,728
350,636
Inventories
5,732,557
5,670,802
Investments in unconsolidated joint ventures
78,766
72,436
Property and equipment, net
103,840
101,457
Deferred tax assets, net
88,665
88,665
Other assets
124,755
107,833
6,718,130
6,620,443
Financial services
57,332
59,809
Total assets
$ 6,775,462
$ 6,680,252
Liabilities and stockholders' equity
Homebuilding:
Accounts payable
$ 303,850
$ 351,261
Accrued expenses and other liabilities
704,401
731,946
Notes payable
1,968,714
1,692,977
2,976,965
2,776,184
Financial services
1,687
3,210
Stockholders' equity
3,796,810
3,900,858
Total liabilities and stockholders' equity
$ 6,775,462
$ 6,680,252
KB HOME
SUPPLEMENTAL INFORMATION
For the Three Months and Six Months Ended May 31, 2026 and 2025
(In Thousands, Except Average Selling Price – Unaudited)
Three Months Ended May 31,
Six Months Ended May 31,
2026
2025
2026
2025
Homebuilding revenues:
Housing
$ 1,106,252
$ 1,524,716
$ 2,177,726
$ 2,911,757
Land
855
—
1,440
—
Total
$ 1,107,107
$ 1,524,716
$ 2,179,166
$ 2,911,757
Homebuilding costs and expenses:
Construction and land costs
Housing
$ 937,629
$ 1,230,055
$ 1,845,142
$ 2,337,469
Land
780
—
1,296
—
Subtotal
938,409
1,230,055
1,846,438
2,337,469
Selling, general and administrative expenses
140,547
163,198
271,591
315,486
Total
$ 1,078,956
$ 1,393,253
$ 2,118,029
$ 2,652,955
Interest expense:
Interest incurred
$ 28,975
$ 28,626
$ 57,109
$ 55,018
Interest capitalized
(28,975)
(28,626)
(57,109)
(55,018)
Total
$ —
$ —
$ —
$ —
Other information:
Amortization of previously capitalized interest
$ 18,675
$ 25,306
$ 37,532
$ 48,729
Depreciation and amortization
11,452
10,114
22,619
19,818
Average selling price:
West Coast
$ 624,300
$ 682,000
$ 628,200
$ 694,500
Southwest
444,300
475,200
460,600
468,200
Central
345,400
348,900
337,900
357,600
Southeast
368,300
393,300
364,000
396,200
Total
$ 461,900
$ 488,700
$ 457,000
$ 494,400
KB HOME
SUPPLEMENTAL INFORMATION
For the Three Months and Six Months Ended May 31, 2026 and 2025
(Dollars in Thousands – Unaudited)
Three Months Ended May 31,
Six Months Ended May 31,
2026
2025
2026
2025
Homes delivered:
West Coast
818
968
1,528
1,817
Southwest
375
661
753
1,339
Central
596
811
1,271
1,562
Southeast
606
680
1,213
1,172
Total
2,395
3,120
4,765
5,890
Net orders:
West Coast
1,203
1,104
2,205
2,002
Southwest
523
557
1,037
1,102
Central
803
1,030
1,463
1,750
Southeast
788
769
1,458
1,378
Total
3,317
3,460
6,163
6,232
Net order value:
West Coast
$ 766,870
$ 728,141
$ 1,429,004
$ 1,335,320
Southwest
228,373
268,921
449,900
538,143
Central
267,836
328,614
503,436
568,339
Southeast
285,317
285,338
530,368
515,279
Total
$ 1,548,396
$ 1,611,014
$ 2,912,708
$ 2,957,081
May 31, 2026
May 31, 2025
Homes
Value
Homes
Value
Backlog data:
West Coast
1,618
$ 1,042,729
1,396
$ 947,842
Southwest
751
323,520
897
443,533
Central
1,064
368,893
1,321
445,853
Southeast
1,093
403,192
1,162
451,003
Total
4,526
$ 2,138,334
4,776
$ 2,288,231
KB HOME
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
(In Thousands, Except Percentages – Unaudited)
Company management's discussion of the results presented in this press release may include information about the Company's adjusted housing gross profit margin, which is not calculated in accordance with generally accepted accounting principles ("GAAP"). The Company believes this non-GAAP financial measure is relevant and useful to investors in understanding its operations, and may be helpful in comparing the Company with other companies in the homebuilding industry to the extent they provide similar information. However, because it is not calculated in accordance with GAAP, this non-GAAP financial measure may not be completely comparable to other companies in the homebuilding industry and, thus, should not be considered in isolation or as an alternative to operating performance and/or financial measures prescribed by GAAP. Rather, this non-GAAP financial measure should be used to supplement the most directly comparable GAAP financial measure in order to provide a greater understanding of the factors and trends affecting the Company's operations.
Adjusted Housing Gross Profit Margin
The following table reconciles the Company's housing gross profit margin calculated in accordance with GAAP to the non-GAAP financial measure of the Company's adjusted housing gross profit margin:
Three Months Ended May 31,
Six Months Ended May 31,
2026
2025
2026
2025
Housing revenues
$ 1,106,252
$ 1,524,716
$ 2,177,726
$ 2,911,757
Housing construction and land costs
(937,629)
(1,230,055)
(1,845,142)
(2,337,469)
Housing gross profits
168,623
294,661
332,584
574,288
Add: Inventory-related charges (a)
5,579
5,558
7,734
7,013
Adjusted housing gross profits
$ 174,202
$ 300,219
$ 340,318
$ 581,301
Housing gross profit margin
15.2 %
19.3 %
15.3 %
19.7 %
Adjusted housing gross profit margin
15.7 %
19.7 %
15.6 %
20.0 %
(a) Represents inventory impairment and land option contract abandonment charges associated with housing operations.
Adjusted housing gross profit margin is a non-GAAP financial measure, which the Company calculates by dividing housing revenues less housing construction and land costs excluding housing inventory impairment and land option contract abandonment charges (as applicable) recorded during a given period, by housing revenues. The most directly comparable GAAP financial measure is housing gross profit margin. The Company believes adjusted housing gross profit margin is a relevant and useful financial measure to investors in evaluating the Company's performance as it measures the gross profits the Company generated specifically on the homes delivered during a given period. This non-GAAP financial measure isolates the impact that housing inventory impairment and land option contract abandonment charges have on housing gross profit margins, and allows investors to make comparisons with the Company's competitors that adjust housing gross profit margins in a similar manner. The Company also believes investors will find adjusted housing gross profit margin relevant and useful because it represents a profitability measure that may be compared to a prior period without regard to variability of housing inventory impairment and land option contract abandonment charges. This financial measure assists management in making strategic decisions regarding community location and product mix, product pricing and construction pace.
For Further Information:
Jill Peters, Investor Relations Contact
(310) 893-7456 or [email protected]
Cara Kane, Media Contact
(321) 299-6844 or [email protected]
KB Home vykázala ve 2. čtvrtletí tržby 1,11 miliardy USD, nad odhady, ale zisk na akcii 43 centů zaostal za očekáváním. UBS po výsledcích zvýšila cílovou cenu z 63 na 66 USD.
KB Home (NYSE:KBH) reported mixed financial results for the second quarter after the market closed on Tuesday.
KB Home reported second-quarter revenue of $1.11 billion, beating analyst estimates of $1.10 billion, according to Benzinga Pro. The homebuilder reported second-quarter earnings of 43 cents per share, missing analyst estimates of 45 cents per share.
"We produced solid second-quarter results that met or exceeded the mid-point of our key guidance ranges," said Jeffrey Mezger, executive chairman of KB Home.
KB Home expects $1.20 billion to $1.35 billion in housing revenue in the third quarter. The company also guided for full-year 2026 housing revenue of $4.90 billion to $5.30 billion.
KB Home shares rose 16.3% to trade at $61.32 on Wednesday.
These analysts made changes to their price targets on KB Home following earnings announcement.
UBS analyst John Lovallo maintained the stock with a Buy and raised the price target from $63 to $66. Wells Fargo analyst Sam Reid maintained the stock with an Underweight rating and raised the price target from $50 to $52. Considering buying KBH stock? Here’s what analysts think:
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KB Home říká, že návrat k modelu built-to-order zlepšuje viditelnost dodávek a měl by podpořit marže v druhé polovině fiskálního roku 2026. Ve 2Q mělo 73 % čistých objednávek charakter built-to-order a likvidita činila 1,12 mld. USD.
Key Takeaways KBH's built-to-order shift supports better visibility and steadier FY26 deliveries.KBH expects back-half margin gains from operating leverage, West Coast mix and built-to-order deliveries.KBH ended Q2 with $1.12B in liquidity, repurchased $75M in stock and kept land spending disciplined. KB Home (KBH - Free Report) used its second-quarter fiscal 2026 earnings call to press a single message — the company’s return to a built-to-order model is now far enough to support better visibility, steadier deliveries and improving margins in the back half of fiscal 2026.
That message mattered because the quarter still reflected a difficult spring selling season. KB Home reported revenues of $1.11 billion, which beat the Zacks Consensus Estimate of $1.09 billion by 2%. The company reported earnings per share of $0.43, meeting the consensus mark.
KB Home Pushes Built-to-Order DeeperExecutive chairman Jeffrey Mezger said that the fiscal second-quarter results met or exceeded the midpoint of the key guidance ranges, but management spent more time explaining the structural benefits of built-to-order than recapping quarterly figures. Mezger framed the shift as a lower-risk operating model that improves delivery predictability and margin quality.
Chief executive officer Rob McGibney said that 73% of fiscal second-quarter net orders were built-to-order homes, which he described as evidence that the company is rebuilding a sold backlog before construction begins. McGibney said that creates visibility on buyer, price, costs and expected close date much earlier in the cycle.
McGibney also tied the strategy to cost control.
KBH Sees Back-Half Margin RecoveryThe quarter itself showed why management is leaning on that transition. Housing revenues fell 27% year over year to $1.11 billion, while the housing gross margin was 15.2%, down from 19.3% a year earlier. Excluding inventory-related charges, the gross margin was 15.7%.
Still, chief accounting officer William Hollinger laid out a more constructive second-half setup. Hollinger guided to a fiscal third-quarter housing gross margin of 16-16.6% and a full-year margin of 16.1-16.5%, assuming no inventory-related charges.
Hollinger said that the improvement should come from better operating leverage, a higher mix of built-to-order deliveries and a more favorable West Coast mix, particularly from Northern California. He added that more than 80% of expected fiscal third-quarter deliveries were already in backlog, reinforcing the company’s visibility argument.
KB Home Uses Cash for Land & BuybacksManagement also emphasized balance sheet flexibility. KB Home ended the quarter with $1.12 billion of total liquidity, including about $200 million in cash and no debt maturities until June 2027.
Mezger said that the company remained balanced in capital allocation, investing for growth while returning capital to shareholders. KB Home repurchased 1.4 million shares for $75 million in the quarter and paid out roughly $15 million in dividends.
Land spending stayed active but disciplined. Management said that the fiscal second-quarter land acquisition and development investment was just under $500 million, with roughly three-fourths directed to development and fees on land already owned.
KBH Q&A Focuses on California & DemandAnalysts pressed hardest on two points in Q&A: how much of the expected margin step-up comes from built-to-order versus California and whether spring demand softness has extended into June. Management’s answers were steady and more explicit than in prepared remarks.
Responding to Barclays and Evercore ISI, McGibney said that fiscal fourth-quarter built-to-order deliveries should reach roughly 70%, but not yet the full target rate. He also described the Bay Area contribution as more than a one-quarter event, saying that the region now has a healthier pipeline of larger, higher-ASP communities.
On demand, management acknowledged that March was the weakest month of the spring season, while April and May improved. McGibney said that June trends were tracking in line with expectations and reflected a normal seasonal slowdown rather than a fresh deterioration.
KB Home Reenters Atlanta CarefullyBeyond the near term, Mezger highlighted Atlanta as the company’s latest market reentry. He called it a top-10 housing market with strong population and job growth, and said that KB Home has already acquired its first parcel there for an early 2027 opening.
That move fits management’s broader growth posture. The company expected Seattle, Boise and Charlotte to represent about 10% of the fiscal 2026 volume, showing how KB Home is still willing to expand, but within a familiar operating template.
At the same time, executives stressed discipline in the land market. McGibney said that the company has walked away from optioned deals that no longer met return hurdles, even as sellers have begun to grow more realistic on terms and pricing.
KBH Keeps the Focus on ExecutionThe clearest takeaway from the call was not that conditions have turned easy. Management repeatedly pointed to weak consumer confidence, elevated mortgage rates and affordability pressure as continuing obstacles.
What changed was the company’s confidence in its operating setup. Faster build times, lower finished unsold inventory and sequential backlog growth gave executives a firmer basis to talk about improving deliveries, margins and backlog comparisons through the rest of fiscal 2026.
Zacks Rank & Style SignalsKBH currently carries a Zacks Rank #4 (Sell), along with a Value Score of B, a Growth Score of C, a Momentum Score of A and a VGM Score of A. Under Zacks’ framework, Style Scores help identify attractive value, growth and momentum traits, but they are meant to complement, not override, the rank.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The above-mentioned combination leaves a mixed signal. The strong Momentum and VGM grades indicate favorable style characteristics, but Zacks’ guidance says stocks with a Zacks Rank #4 or #5 (Strong Sell) should not be favored even when Style Scores are strong. The rank can also change as earnings estimate revisions adjust after the quarter’s results and management outlook.
MP Materials v 1. čtvrtletí 2026 snížila provozní odliv hotovosti na 1,9 mil. USD z 63 mil. USD, ale volný peněžní tok zůstal záporný na 79,3 mil. USD. Pomoci by mohly vyšší prodeje, rostoucí objemy NdPr a podpora od DoW.
Key Takeaways MP posted a $1.9M operating cash outflow in Q1 2026, improving from a $63M outflow a year ago.Free cash flow stayed negative at $79.3M in Q1 2026 following a negative $304M in 2025.Higher sales, NdPr volumes and DoW support could help stabilize MP's cash flow after tough years. MP Materials Corp. (MP - Free Report) posted a modest improvement in operating cash flow in the first quarter of 2026, though it still recorded a $1.9 million outflow compared with a $63 million outflow in the same quarter last year.
The year-over-year improvement was supported by higher product sales, as well as the $51 million received from the Department of War (DoW) for the Price Protection Agreement (PPA) income recognized in the fourth quarter of 2025, with no comparable cash inflow in the prior-year period. The company also received a $19 million from the 45X credit associated with its 2024 federal tax return.
Free cash flow remained negative at $79.3 million, though it improved from a $93.7 million outflow a year earlier. This follows an already weak 2025, when MP reported $155.8 million in operating cash outflows and $304 million in negative free cash flow.
MP’s last period of strong cash generation was in 2022, when it delivered $343.5 million in operating cash flow and $22 million in positive free cash flow, supported by elevated rare earth prices and strong demand conditions. Since then, cash flows have weakened significantly alongside falling rare earth prices and softer-than-expected demand for magnetic materials.
In 2023, cash flow from operations plunged 82% year over year to $62.7 million on lower prices and inventory builds to support its Stage II separations facilities as well as Stage III initiatives. The decline continued in 2024, with operating cash flow falling 79% to $13.3 million amid sustained price pressure and continued inventory accumulation as production of separated products ramped up. Notably, free cash flow has remained negative since 2023.
MP Materials is seeing higher production costs as producing separated products is more costly than producing rare earth concentrates. Selling, general and administrative expenses have also flared up as it expanded its workforce to support the downstream expansion. These factors have driven up operating expenses, keeping profits and cash flows under pressure.
Looking ahead, MP’s ongoing ramp-up of separated rare earth production at Mountain Pass, along with the expansion of magnetic precursor and magnet output at the Independence Facility, is expected to keep the costs elevated in 2026. Ongoing investment in downstream capabilities is also likely to keep SG&A expenses elevated, maintaining pressure on near-term profitability and cash flows.
On the positive side, NdPr production volumes are increasing as process optimization and ramp-up efforts progress. Combined with higher sales volumes and support from the DoW Price Protection Agreement, these factors could help partially offset margin pressure and gradually stabilize MP Materials’ cash flow profile after several challenging years.
MP’s Price Performance, Valuation & EstimatesMP Materials’ shares have gained 65% in a year compared with the industry’s 52.6% growth. Other names in the space, like Energy Fuels Inc. (UUUU - Free Report) and USA Rare Earth Inc. (USAR - Free Report) , have gained 194.9% and 93%, respectively.
Image Source: Zacks Investment Research
MP is trading at a forward 12-month price/sales multiple of 17.52X, a significant premium to the industry’s 1.49X. Energy Fuels and USA Rare Earth are trading at 22.09X and 51.85X, respectively.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for MP Materials’ 2026 earnings is pegged at 16 cents per share, indicating an improvement from the loss of 24 cents in 2025. The estimate for 2027 is $1.06 per share, indicating a 562.5% year-over-year improvement.
Image Source: Zacks Investment Research
The estimate for both 2026 and 2027 has, however, moved down in the past 60 days, as shown in the chart below.
Image Source: Zacks Investment Research
The company currently carries a Zacks Rank #3 (Hold).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Badger Meter klesl o 5,2 % na 127,81 USD, zatímco širší trh odepsal méně. Analytici čekají EPS 1,01 USD a tržby 219,66 milionu USD, obojí meziročně níže.
Badger Meter (BMI - Free Report) closed at $127.81 in the latest trading session, marking a -5.2% move from the prior day. This change lagged the S&P 500's 1.44% loss on the day. Elsewhere, the Dow lost 0.09%, while the tech-heavy Nasdaq lost 2.22%.
The manufacturer of products that measure gas and water flow's stock has climbed by 7.14% in the past month, exceeding the Computer and Technology sector's gain of 0.98% and the S&P 500's gain of 0.08%.
Market participants will be closely following the financial results of Badger Meter in its upcoming release. In that report, analysts expect Badger Meter to post earnings of $1.01 per share. This would mark a year-over-year decline of 13.68%. Simultaneously, our latest consensus estimate expects the revenue to be $219.66 million, showing a 7.75% drop compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.51 per share and a revenue of $909.27 million, signifying shifts of -5.85% and -0.81%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Badger Meter. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.29% higher. Badger Meter is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that Badger Meter has a Forward P/E ratio of 29.89 right now. Its industry sports an average Forward P/E of 29.89, so one might conclude that Badger Meter is trading at no noticeable deviation comparatively.
We can additionally observe that BMI currently boasts a PEG ratio of 2.42. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. By the end of yesterday's trading, the Instruments - Control industry had an average PEG ratio of 1.96.
The Instruments - Control industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 104, which puts it in the top 43% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
MaxLinear v 1. čtvrtletí zvýšil tržby segmentu Infrastructure o 136 % meziročně díky rozjezdu optických platforem pro datová centra. Zároveň zvýšil výhled na rok 2026 pro optické tržby z datových center na 150–170 mil. USD.
Key Takeaways MaxLinear's Infrastructure revenues surged 136% year over year in Q1 2026 on optical platform ramp-up.MXL raised the 2026 optical data center revenue outlook to $150M-$170M on strong customer orders.MaxLinear expects storage accelerator revenues to at least double in 2026 versus the 2025 levels. MaxLinear, Inc.’s (MXL - Free Report) transformation into an infrastructure-focused company is being driven by strong growth in its data center optical business and several high-value products that remain early in their market ramp-up. The Infrastructure segment became the largest revenue category in first-quarter 2026, with sales rising 136% year over year, led by production ramp-up in optical data center platforms.
Management sees more growth ahead as hyperscale customers continue building out AI-focused architectures. Strong customer orders and growing visibility of the program ramp-up led the company to increase its 2026 optical data center revenue expectations to the $150-$170 million range.
MaxLinear also expects data center revenues to move higher from the second quarter, with additional upsides as run rates expand into 2027. The majority of this momentum is being driven by the Keystone PAM4 DSP family, which is ramping up at several major data centers in the United States and Asia for 400-gig and 800-gig deployments for scale-up and scale-out applications.
With Keystone validating the company’s ability to execute at scale, customer engagement around the Rushmore family of PAM4 TIAs and 200 gigabit per lane DSPs is gaining traction faster than expected. Production ramp-up is anticipated to begin in late 2026, with revenue growth continuing through 2027.
MaxLinear is also broadening its presence within hyperscale data centers beyond PAM4-based optical and electrical interconnects. Within Infrastructure, the Panther family of hardware storage accelerators SoCs continues to see strong design wins and success across Tier-1 network appliance and cloud service providers. Based on current engagement, the company expects storage accelerator revenues to at least double in 2026 from the 2025 levels. MaxLinear’s Sierra single-chip radio SoCs are now deployed with multiple North American operators, with expanding opportunities as 5G networks continue to evolve.
Updates From MXL PeersQualcomm Technologies (QCOM - Free Report) recently launched Snapdragon Scalable Turnkey AI-Ready Toolkit (“START”), a program designed to help brands bring their own personal AI devices to market faster and with greater flexibility, starting with smart glasses. Announced at the Augmented World Expo, Snapdragon START combines modules with an AI-agnostic full software stack and a network of manufacturing partners to let brands, enterprise-focused organizations and emerging innovators focus on design and experience.
Global eyewear company, Inspecs, is the first to exclusively collaborate with Qualcomm under the Snapdragon START program.
Qorvo (QRVO - Free Report) has introduced QPF5012, an X-band radar front-end solution that allows defense system designers to achieve higher performance without increasing size, weight or prime power. Designed for modern phased array and multifunction sensors, the solution combines transmit power, efficiency and receive sensitivity in a single compact module, addressing key challenges in next-generation radar design.
The Zacks Rundown for MXL StockOver the past year, MaxLinear shares have surged 609.2% compared with the industry’s 85.9% growth.
Image Source: Zacks Investment Research
In terms of valuation, MXL trades at a forward, three-year Price/Sales (P/S) of 12.11X compared with its 2.80X median and the industry average of 10.88X.
Image Source: Zacks Investment Research
Take a look at how estimates for MaxLinear’s 2026 and 2027 earnings are shaping up.
Image Source: Zacks Investment Research
MaxLinear currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Chewy kupuje Modern Animal, aby posílil veterinární péči a do fiskálního roku 2026 míří na 60 klinik. Modern Animal má v roce 2026 přinést 70 milionů USD tržeb.
Key Takeaways CHWY acquired Modern Animal to expand its veterinary care platform and healthcare ecosystem.CHWY expects roughly 60 clinics by FY26 through combined expansion plans.Modern Animal is projected to contribute $70M to FY26 revenues for CHWY. Chewy, Inc. (CHWY - Free Report) is accelerating its push into pet healthcare through the acquisition of Modern Animal, a technology-enabled veterinary care provider. The deal strengthens Chewy’s presence in the highly attractive and underpenetrated pet healthcare market while supporting its broader strategy of building a comprehensive ecosystem that spans products, pharmacy and veterinary services. Management believes that the company is well-positioned to capitalize on this opportunity as demand for pet healthcare continues to grow.
A key advantage for Chewy is its growing access to veterinary talent in an industry facing a shortage of veterinarians. Management noted that this creates a structural advantage as the company expands its Chewy Vet Care network. Modern Animal adds a highly complementary platform with strong clinical expertise, above-industry unit economics and an experience-led, technology-enabled model that aligns closely with Chewy’s veterinary strategy.
The acquisition is expected to accelerate clinic expansion by combining Chewy Vet Care’s organic growth initiatives with Modern Animal’s existing footprint and development pipeline. Together, the businesses are expected to operate 60 clinics by the end of fiscal 2026, with embedded revenue contribution approaching $290 million at steady state.
Chewy has also incorporated the acquisition into its fiscal 2026 outlook. The company expects net sales of $13.40-$13.55 billion, indicating year-over-year growth of 6.3-7.5%. The guidance includes an estimated $70-million revenue contribution from Modern Animal during fiscal 2026.
While Modern Animal’s clinics generate attractive mature four-wall profitability, management expects the business to create a modest margin-rate drag during 2026 as integration efforts progress. Even so, Chewy maintained confidence in its earnings model and plans to open 10-12 Chewy Vet Care locations this year while integrating Modern Animal into its operating and technology platforms.
CHWY’s Price Performance, Valuation & EstimatesChewy, which competes with BARK, Inc. (BARK - Free Report) and Petco Health and Wellness Company, Inc. (WOOF - Free Report) , has fallen 22.8% in the past three months against the industry’s growth of 10%. Meanwhile, BARK shares have declined 20.4% and Petco has dipped 9.3%.
Image Source: Zacks Investment Research
From a valuation standpoint, CHWY trades at a trailing price-to-sales ratio of 0.59X, below the industry’s average of 2.20X. It has a Value Score of A. CHWY is trading at a premium to BARK (with a trailing 12-month P/S ratio of 0.22) and Petco (0.12).
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for CHWY’s fiscal 2026 and 2027 earnings implies year-over-year growth of 20.5% and 22.2%, respectively. Estimates for fiscal 2026 and 2027 have been revised downward by 10 cents and 13 cents, respectively, in the past 30 days.
Caesars Entertainment rozšiřuje partnerství se třemi Wabanaki Nations o plánovaný vstup do online kasina v Maine. Spuštění je cíleno na rok 2026, pokud získá regulační schválení.
Expanded partnership builds on sports wagering collaboration and positions Caesars and its tribal partners for future online casino launch
AUGUSTA, Maine--(BUSINESS WIRE)--Caesars Entertainment, Inc. (NASDAQ: CZR) (“Caesars”) today announced the expansion of its existing partnership with three Wabanaki Nations: the Houlton Band of Maliseet Indians, the Mi’kmaq Nation and the Penobscot Nation, to include online casino gaming in Maine. The long-term agreement positions Caesars and its tribal partners for a potential iGaming launch in the state in 2026, pending regulatory approvals.
Under the expanded agreement, Caesars plans to bring a portfolio of three online casino brands to Maine: Caesars Palace Online Casino, Caesars Sportsbook & Casino and Horseshoe Online Casino. Each brand offers a distinct digital experience tailored to different player interests.
This expanded partnership builds on the successful launch of Caesars Sportsbook in Maine in 2023 and reflects the shared commitment between Caesars and the three Wabanaki Nations to deliver a best-in-class, responsible digital gaming experience while supporting tribal communities across the state. Caesars will invest in local workforce development by employing, training and developing members of each nation and will provide meaningful financial support to help fund tribal community programs and initiatives.
“As we look ahead to the launch of online casino gaming in Maine, we’re proud to expand our partnership with the Houlton Band of Maliseet Indians, the Mi’kmaq Nation and the Penobscot Nation,” said Eric Hession, President of Caesars Digital. “Together, we’ve built a strong and responsible sports wagering experience, and this next phase reinforces our commitment to our tribal partners and to delivering a differentiated, localized digital gaming experience for Mainers. We’re grateful to Gov. Janet Mills, the Maine Legislature and the Maine Gambling Control Unit for their continued leadership and thoughtful approach to gaming in the state.”
“Penobscot Nation is proud to continue and expand our partnership with Caesars as we look toward the future of online gaming in Maine,” said Chief Kirk Francis of the Penobscot Nation. “Our experience working together on sports wagering has demonstrated the value of aligning with a partner that respects our sovereignty, understands our communities and is committed to long-term success for the Wabanaki Nations. This next phase represents a meaningful opportunity to build on that foundation.”
“The Mi’kmaq Nation values the strong relationship we have built with Caesars and our fellow Wabanaki partners,” said Chief Sheila McCormack of the Mi’kmaq Nation. “Expanding into online casino gaming allows us to continue creating economic opportunities for our people while ensuring that any future platform is developed in a responsible, well-regulated manner that benefits the tribes and the state.”
“The Houlton Band of Maliseet Indians is pleased to deepen our partnership with Caesars as we prepare for the next chapter of gaming in Maine,” said Chief Clarissa Sabattis of the Houlton Band of Maliseet Indians. “This long-term agreement reflects our shared commitment to strengthening Maine’s rural communities and is vital to the Houlton Band’s self-determination and economic self-sufficiency. Internet gaming revenues will provide our tribal government with a more secure, long-term source of revenue that will help us provide essential services and make critical investments in community infrastructure.”
Caesars’ online casino platforms will bring a premier digital entertainment experience to Maine, combining an expansive portfolio of slot titles, table games and live dealer offerings, subject to regulatory approvals, with seamless technology and user-friendly design. Each brand is tailored to meet different player preferences while upholding Caesars’ high standards for quality and Responsible Gaming. The platforms in Maine will integrate with Caesars Sportsbook and feature a single login and wallet experience, powered by Caesars’ Universal Digital Wallet, enabling seamless play across Caesars’ digital offerings.
Integrated with Caesars Rewards®, the company’s industry-leading loyalty program, eligible play will unlock Reward Credits that can be redeemed for unforgettable experiences across Caesars’ destinations nationwide, including stays, dining, entertainment and more.
Caesars Entertainment is an industry leader in Responsible Gaming, known for pioneering Responsible Gaming awareness and education. In 1989, Caesars became the first commercial casino company to address problem gambling by launching the industry’s first Responsible Gaming program, Project 21. Today, the Company’s commitment to ensuring all players are aware of Responsible Gaming resources remains steadfast and spans all of Caesars’ digital platforms and world-class destinations in which it operates. Caesars Entertainment proudly enforces an enhanced 21+ gaming policy that prevents individuals under the age of 21 from using Caesars Rewards and restricts access to its gaming products for individuals under the age of 21.
In March 2024, Caesars Sportsbook received the prestigious RG Check accreditation from the Responsible Gambling Council in Ontario, Canada, which recognizes companies that achieve the highest standards for their Responsible Gaming practices. Just a few months later, the Company was awarded the National Council on Problem Gambling’s award for Corporate Social Responsibility. For more information about Caesars Entertainment's Responsible Gaming program, please visit https://www.caesars.com/corporate.
About Caesars Entertainment, Inc.
Caesars Entertainment, Inc. (NASDAQ: CZR) is the largest casino-entertainment Company in the U.S. and one of the world’s most diversified casino-entertainment providers. Since its beginning in Reno, NV, in 1937, Caesars Entertainment, Inc. has grown through development of new resorts, expansions and acquisitions. Caesars Entertainment, Inc.’s resorts operate primarily under the Caesars®, Harrah’s®, Horseshoe®, and Eldorado® brand names. Caesars Entertainment, Inc. offers diversified gaming, entertainment and hospitality amenities, one-of-a-kind destinations, and a full suite of mobile and online gaming and sports betting experiences. All tied to its industry-leading Caesars Rewards loyalty program, the Company focuses on building value with its guests through a unique combination of impeccable service, operational excellence and technology leadership. Caesars is committed to its employees, suppliers, communities and the environment through its PEOPLE PLANET PLAY framework. For more information, please visit www.caesars.com/corporate.
Responsible Gaming in Maine
Must be 21 or older to gamble. Know When To Stop Before You Start®. Gambling problem? Call 1-800-GAMBLER.
About the 3-Wabanaki Nation Coalition
The Penobscot Nation is a sovereign Indian Nation, whose headquarters are located on Indian Island, Maine. The Tribe has been located here since time immemorial and continues to practice its ancient traditions, including hunting and fishing. Penobscot owns over 150,000 acres of land plus over 220 islands in the Penobscot River. The Tribe operates over 110 programs including law enforcement, health care, natural resource and wildlife management, housing, social services, youth programs and its own school system. The Penobscot Nation is very active in sustainable management of its natural resources, lands and waters, including operating a sustained yield foresting program. Additionally, the Tribe participated in the Penobscot River restoration project removing several dams and opening up over 1,200 miles of habitat for over a dozen sea run fish species.
The Houlton Band of Maliseet Indians is a federally recognized Indian tribe located in Aroostook County, Maine. We are a riverine people who have used our ancestral territory since time immemorial for fishing, hunting, and gathering fiddleheads for food, ash for basket weaving, and birch for canoes. We call our Band “Metahksoniqewiyik” or People of the Meduxnekeag River, a tributary of the St. John or “Wolastoq” that flows through the Town of Houlton. Together, the Maliseet people of the United States and Canada are the “Wolastoqewiyik” or People of the Beautiful, Flowing River. The Maliseets and Mi’kmaqs were signatory to the first treaty entered by the United States—the Treaty of Watertown on July 19, 1776, just 15 days after the Declaration of Independence—sending 600 of our warriors to fight alongside General Washington against Great Britain. Today, our tribal government provides essential services to our community including a medical clinic, courts, low-income housing, child welfare and elder care programs, behavioral health and substance use services, an addiction recovery home, Boys and Girls Club of Maliseet, food distribution, domestic violence and sexual assault services, Head Start and adult education, vocational rehabilitation, emergency management, and natural resources management and protection. We are a statewide leader in Atlantic salmon restoration and work closely with the Towns of Houlton and Littleton and other local governments on road, bridge, water, and other critical infrastructure projects that support jobs for the people of Aroostook County. The Houlton Band of Maliseet Indians invites you to visit our beautiful homeland at Wilderness Pines Campground in Monticello. To learn more about our tribal government and businesses, please visit https://maliseets.net/ and https://www.wildernesspinescampground.com/.
The Mi’kmaq Nation is a federally recognized tribe with 1,633 members in Aroostook County, Maine. The central village and governmental seat is known as the "Bon Aire Village" and is located in the town of Presque Isle. The southern "Littleton Village," is located approximately 45 miles south of Bon Aire, and the northern "Connor Village," is located 25 miles north of Bon Aire. After receiving federal recognition in 1991, the Tribe’s name was officially changed from the Aroostook Band of Micmacs to Mi’kmaq Nation. The Mi'kmaq Nation has created numerous programs to provide its members with support services, housing, infrastructure and a medical clinic. To further benefit their community, Mi’kmaq tribal leaders continuously seek to create a more vibrant economy sensitive to cultural traditions and values. The Mi'kmaq Nation views Maine's Internet Gaming Law as an important opportunity to increase our capacity to deliver essential governmental services to our citizens and to advance the self-sufficiency and self-determination of our Nation.
Howmet Aerospace v 1. čtvrtletí zvýšil tržby z komerčního letectví o 20 % na více než 1,2 miliardy USD. Firma zároveň zvýšila výhled na rok 2026 na tržby 9,575–9,725 miliardy USD.
Key Takeaways HWM's commercial aerospace revenues rose 20% year over year to over $1.2 billion in Q1 2026.HWM benefits from demand for engine spares, aircraft backlogs and rising Boeing and Airbus production.HWM raised its 2026 outlook, expecting $9.575-$9.725 billion in total revenues. Howmet Aerospace Inc. (HWM - Free Report) has been benefiting from persistent strength in the commercial aerospace market. Strong air travel activities have been a major tailwind for the company, as the increased usage of aircraft is driving spending on parts and products that it provides.
Revenues from the commercial aerospace market increased 20% year over year (exceeding $1.2 billion) in the first quarter of 2026, constituting 53% of HWM’s business. Also, revenues from the market increased 12% year over year in 2025.
The sustained strength was attributed to healthy demand for engine spares and a record backlog for new, more fuel-efficient aircraft with reduced carbon emissions. Boeing is also witnessing a gradual production increase, particularly in the 737 MAX widebody aircraft, which is likely to boost demand for Howmet’s products in the market. Also, healthy build rates at Airbus for A320 (narrowbody) and A350 (widebody) aircraft hold promise for its spare engine demand.
HWM is expected to maintain strong business momentum going forward, supported by a solid pipeline of commercial aircraft programs and strength in global air travel. Driven by strength across its businesses, HWM raised its 2026 outlook and currently expects total revenues of $9.575-$9.725 billion and adjusted EBITDA of $3.025-$3.095 billion.
HWM’s Peers in the Commercial Aerospace MarketRBC Bearings Incorporated (RBC - Free Report) is gaining from the strong performance of the Aerospace/Defense segment. Strength in the commercial aerospace market, driven by strong growth in orders from the OEM and the aftermarket verticals, is driving the Aerospace/Defense segment. The segment’s revenues were up 41.2% year over year in fourth-quarter fiscal 2026 (ended March 2026).
Parker-Hannifin Corp.’s (PH - Free Report) Aerospace Systems segment is experiencing strength in the commercial and military markets across both the OEM and aftermarket channels. Revenues from Parker-Hannifin’s Aerospace Systems segment jumped 15.5% year over year in the third quarter of fiscal 2026 (ended March 2026). Parker-Hannifin’s Aerospace Systems segment is poised to gain from strong demand for its products and aftermarket support services in the general aviation market.
HWM's Price Performance, Valuation and EstimatesShares of Howmet have gained 17.1% in the past three months against the industry’s decline of 0.2%.
Image Source: Zacks Investment Research
From a valuation standpoint, HWM is trading at a forward price-to-earnings ratio of 51.74X, above the industry’s average of 33.01X.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for HWM’s earnings has been on the rise over the past 60 days.
Image Source: Zacks Investment Research
The company currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
KLA zvýšila výhled tržeb z pokročilého balení polovodičů na zhruba 1 miliardu USD v roce 2026. Onto Innovation očekává v roce 2026 růst tržeb o více než 30 %.
Key Takeaways KLA targets $1B in advanced packaging process control revenue in 2026, above prior expectations.Onto expects 30% revenue growth in 2026, aided by AI packaging and HBM demand.ONTO gained 27.3% in one month and trades at 39.61X forward earnings versus KLAC at 52.71X. The semiconductor industry is entering a major investment cycle, fueled by AI, advanced packaging, HBM and next-generation chip manufacturing. Among them, Onto Innovation, Inc. (ONTO - Free Report) and KLA Corporation (KLAC - Free Report) stand out as leaders in process control, inspection and metrology. KLA is the dominant industry player, while Onto Innovation is a fast-growing specialist focused on advanced packaging and semiconductor inspection technologies, making them a highly relevant comparison for investors.
Per a report from Fortune Business Insights, the global semiconductor metrology and inspection equipment market size is estimated to go from $15.84 billion in 2026 to $27.56 billion by 2034, at a CAGR of 7.2%. The semiconductor equipment market is growing as AI chips require increasingly precise manufacturing. Key demand drivers include advanced packaging, chiplet architectures, HBM, 2.5D/3D integration, automotive semiconductors and AI accelerator production. KLA benefits across leading-edge nodes, while ONTO is leveraged for advanced packaging investments.
Although both companies operate in similar markets, they differ significantly in size, product portfolio, customer exposure and growth prospects. Investors seeking exposure to semiconductor equipment must decide whether they prefer the stability of an established industry giant like KLA or the higher-growth potential offered by Onto Innovation.
The Case for KLACKLA is the global leader in semiconductor process control, benefiting from advanced inspection and metrology technologies, strong customer relationships and high switching costs as chip manufacturing becomes increasingly complex. KLA continues to view AI as a major growth driver and a key contributor to its accelerating momentum. The company is experiencing stronger-than-expected traction in advanced packaging, prompting it to raise its outlook for advanced packaging-related semiconductor process control revenue from approximately $635 million in 2025 to around $1 billion in 2026, which is significantly above previous expectations.
Since 2021, KLA has expanded its process control market share by 360 basis points and now holds a position roughly seven times larger than its nearest competitor. It expects accelerating wafer fabrication equipment growth in 2026 and 2027, driven by increasing demand for process control across leading-edge logic, HBM, advanced packaging, faster product cycles and rising semiconductor design complexity. These trends are increasing the need for KLA’s solutions to improve R&D efficiency, support fab ramps and optimize manufacturing yields.
KLA’s increasingly advanced systems and longer tool lifecycles are strengthening its high-margin services business, creating a predictable long-term growth driver as customers demand greater tool performance and uptime. Reflecting this momentum, the company introduced a 2030 financial model targeting 13-17% revenue CAGR, raised its services growth outlook to 13-15%, increased its capital return target to more than 90% of free cash flow and announced its 17th consecutive dividend increase along with a new $7 billion share repurchase authorization. KLA expects to outpace the broader wafer equipment market through 2030, supported by the growing importance of process control across semiconductor manufacturing.
Image Source: Zacks Investment Research
Despite the positive outlook, investors should monitor several risks. Emerging technologies such as electron-beam inspection could alter competitive dynamics in process control, requiring KLA to increase R&D spending if competing solutions offer superior performance or cost efficiency. Additionally, elevated component costs, including DRAM used in system image-processing computers, are expected to pressure gross margins through at least 2026. While supply remains secure, unfavorable product mix shifts or additional tariffs could further weigh on profitability and operating leverage.
The Case for ONTORather than competing directly across KLA's entire product lineup, Onto Innovation focuses on niche markets experiencing rapid growth, especially those benefiting from AI chips and heterogeneous integration. Its smaller size allows it to grow faster when semiconductor capital spending accelerates. It has delivered strong revenue growth, driven by AI-related packaging demand, advanced inspection solutions, rising customer adoption, growing software revenue and expansion into specialty semiconductor markets. Its smaller revenue base also lets new customer wins generate an outsized percentage growth.
ONTO expects momentum to speed up in the second half of the year, supported by customer expansions, increasing adoption of new products and a growing backlog, leading to more than 15% sequential revenue growth and over 30% revenue growth in 2026. Demand is fueled by AI and high-performance computing applications, while the company's integrated optical process control and software solutions, strengthened through its strategic collaboration with Rigaku, enhance its value proposition for semiconductor manufacturers. As semiconductor manufacturers adopt more complex materials and 3D structures, management anticipates rising demand for hybrid metrology solutions that merge optical and X-ray technologies.
Image Source: Zacks Investment Research
Its Ai Diffract software, developed with Rigaku, has already secured two competitive wins and multiple customer evaluations, demonstrating its ability to address advanced process control challenges. The collaboration opens new revenue opportunities via software licensing and integrated metrology solutions, while Onto Innovation's 27% investment in Rigaku reinforces long-term alignment and access to next-generation X-ray technology. Combined, these capabilities position Onto Innovation to leverage growing demand in advanced packaging and cutting-edge semiconductor manufacturing.
Furthermore, ONTO’s Dragonfly platform is becoming a major growth driver, supported by a more than $240 million HBM-related volume purchase agreement through 2027 and expanding adoption across AI-driven advanced packaging applications. Recent customer qualifications, strong order momentum and growing demand for 3D inspection technologies are strengthening its position in high-bandwidth memory and advanced packaging markets, with the company expecting advanced packaging revenue to grow more than 50% in 2026.
Despite strong growth prospects, Onto Innovation faces risks from cyclical semiconductor spending, intense competition, customer concentration and geopolitical uncertainties in Asia. The company must continue innovating to maintain its market position, while ongoing supply chain constraints, particularly in precision optics, could adversely impact revenue growth and profitability.
Share Performance Trajectory for ONTO & KLACIn the past month, ONTO stock has surged 27.3% while KLAC has gained 37.5%.
Image Source: Zacks Investment Research
Valuation: Discount vs. PremiumValuation often determines future investment returns. In terms of forward price/earnings, ONTO shares are trading at 39.61X, lower than KLAC’s 52.71X.
Image Source: Zacks Investment Research
How the Zacks Consensus Estimate Compares for ONTO & KLACEarnings estimates for ONTO have moved up for both 2026 and 2027 over the past 60 days.
Image Source: Zacks Investment Research
For KLAC estimates have moved up for both 2026 and 2027 over the past 60 days as well.
Image Source: Zacks Investment Research
ONTO vs. KLAC: Which Stock is the Better Pick?Both ONTO and KLAC currently carry a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Both companies are well-positioned to benefit from the long-term expansion of semiconductor manufacturing, but they appeal to different types of investors. KLA is a strong choice for conservative investors, offering market leadership, solid profitability, recurring revenue and lower risk. Onto Innovation provides higher growth potential through its exposure to advanced packaging and AI semiconductor trends, but with greater volatility. Overall, KLA is better suited for stability and long-term consistency, while Onto Innovation appeals to investors seeking higher-risk, higher-reward opportunities.
Nonetheless, holding both stocks at present could provide balanced exposure to semiconductor industry growth, combining KLA’s stability with Onto Innovation’s higher growth potential.
Globus Medical v 1. čtvrtletí vykázala kurzovou ztrátu 2,1 mil. USD, i když zahraniční tržby vzrostly o 35,6 % na 155,0 mil. USD. Marže zůstává pod dlouhodobým cílem a náklady rostou.
Key Takeaways Globus Medical faces inflation, geopolitical and rate uncertainty that can disrupt supply chains. Globus Medical saw SG&A rise and incurred restructuring costs tied to integration efforts. Globus Medical posted a $2.1M FX loss despite strong international sales growth in Q1 2026. Globus Medical (GMED - Free Report) operates in a challenging environment caused by interest rate uncertainty, inflation and geopolitical tensions, which can disrupt supply chains and increase costs. While gross margin improved to 69.2% in the first quarter of 2026, it remains below management’s long-term target of the mid-70% range, leaving limited room to absorb higher costs.
Selling, general and administrative expenses rose to $297.8 million from $242.8 million a year earlier, mainly due to higher compensation and benefit costs associated with increased sales volume. The company also incurred restructuring expenses as it continues integration and synergy initiatives, which could lead to fluctuations in near-term operating costs.
Globus Medical’s international business adds another source of uncertainty. International net sales reached $155.0 million in the first quarter of 2026, increasing 35.6% year over year on a reported basis and 27.8% on a constant currency basis, highlighting the impact of exchange rate movements on reported results.
The company recorded a $2.1 million foreign currency transaction loss during the quarter, which reduced other income. With significant operations in regions such as Japan, the Eurozone, the United Kingdom and Australia, ongoing currency fluctuations could continue to affect revenue growth, profit margins and operating expenses over time.
Peer UpdateMedtronic’s (MDT - Free Report) operations remain vulnerable to cost inflation, reimbursement constraints, geopolitical disruption and changing global trade policies. It also embedded a roughly 1-point EPS drag from higher fuel and transportation costs tied to the recent shift in the geopolitical environment.
Medtronic generates a large portion of sales internationally, leaving reported results sensitive to exchange rates. Foreign exchange added $819 million to fiscal 2026 revenues, but fiscal 2027 guidance assumes a neutral to $100 million revenue drag.
Edwards Lifesciences’ (EW - Free Report) extensive global operations and overseas manufacturing facilities and suppliers bring certain financial, economic, political and other risks. The business is also currently experiencing staffing shortages within the hospital systems.
In the first quarter of 2026, these issues resulted in a 20.2% increase in COGS and a year-over-year decline of 64 basis points in gross margin. Foreign exchange is a major headwind for Edwards due to a considerable percentage of its revenues coming from outside the United States. Foreign exchange rates negatively impacted the second quarter gross profit margin by 60 basis points compared to the prior year.
GMED’s Stock Price PerformanceOver the past year, GMED shares have surged 37.1%, outperforming the industry’s 4.6% decline.
Image Source: Zacks Investment Research
GMED’s ValuationGMED currently trades at a forward 12-month price-to-sales (P/S) of 3.26X compared with the industry median of 4.49X.
Image Source: Zacks Investment Research
GMED Stock Estimate TrendIn the past 30 days, GMED's EPS estimate for 2026 has moved north to $4.74.
Image Source: Zacks Investment Research
GMED currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Planet Fitness v 1. čtvrtletí překonal odhady zisku, ale zpomalil růst nových členů a snížil celoroční výhled. Akcie jsou letos níže o 51,7 % a blízko pětiletých minim.
Key Takeaways In Q1 2026, Planet Fitness beat on earnings but saw slowing in new membership growth.Planet Fitness cut full year guidance and analysts slashed earnings estimates for 2026.Shares of Planet Fitness are down 51.7% year-to-date and are near 5-year lows. Planet Fitness, Inc. (PLNT - Free Report) saw slower than expected growth in new memberships to start the year and pushback on price increases of its premier membership, Black Card. This Zacks Rank #5 (Strong Sell) lowered its full year guidance.
Planet Fitness is one of the largest and fastest-growing operators of fitness centers. As of Mar 31, 2026, Planet Fitness had approximately 21.5 million members with 2,909 clubs in all 50 states, Puerto Rico, and the District of Columbia. It also has clubs internationally in Canada, Panama, Mexico, Australia, and Spain.
In the United States, the clubs start at $15.00 a month for the classic membership.
Planet Fitness Beat on Earnings for the Fourth Consecutive QuarterOn May 7, 2026, Planet Fitness reported its fiscal first quarter 2026 results and beat the Zacks Consensus for the fourth consecutive quarter. It has an outstanding earnings surprise track record. It has only missed three times in the last five years.
Earnings were $0.74 compared to the Zacks Consensus Estimate of $0.63, for a 17.5% beat.
Total revenue rose by 21.9% to $337.2 million from the year ago quarter.
System-wide same club sales gained 3.5%.
"In the first quarter, our top and bottom line results exceeded expectations,” said Colleen Keating, CEO.
“However, 2026 is off to a slower than expected start from a net member growth perspective as we faced internal and external headwinds during our peak sign-up period. As a result, we are sharpening our marketing to prioritize capturing demand and driving net member growth. Additionally, we are pausing the planned national Black Card price increase pending a broader pricing review," she added.
PF Black Card is the new premier membership level which, as of June 22, 2026, one of the clubs in the Chicago area was charging $24.99 a month for.
With the Black Card, you can access any Planet Fitness Club, you can bring a guest anytime, you have access to digital workouts and free in-club fitness training, among other perks.
Planet Fitness Lowers Full Year GuidanceWith the slow start to the year with net new members and the pause on the national Black Card price increase, it’s not a surprise that Planet Fitness had to lower expectations.
The analysts also had to get in line with the new reality.
As a result, there were seven earnings estimates cut for fiscal 2026 in the last 60 days. That pushed the Zacks Consensus down to $3.22 from $3.38 in that time.
However, that’s still earnings growth of 4.9% as Planet Fitness made $3.07 last year.
Analysts are bearish on fiscal 2027 as well with seven estimates lowered for next year in the last 60 days. The 2027 Zacks Consensus Estimate has fallen to $3.53 from $3.99.
That is still earnings growth of 9.6% over fiscal 2026.
Why the Zacks Rank #5 (Strong Sell)?With earnings growth expected for fiscal 2026 and 2027, you might be wondering, why is Planet Fitness a Strong Sell?
The Zacks Rank is determined by changes to earnings estimates. When 7 analysts are cutting, for both 2026 and 2027, and none are raising during that time, it sends a signal that the analysts are bearish.
Here’s the earnings outlook on the five-year price and consensus chart.
Image Source: Zacks Investment Research
Shares of Planet Fitness Plunge Near a 5-Year LowEven though Planet Fitness has an excellent earnings surprise track record, and beat on earnings again in Q1 2026, it cut guidance.
Shares of Planet Fitness plunged on that news to near 5-year lows.
However, the shares had also been falling before the earnings report and are now down 51.7% year-to-date on concerns about GLP-1s impacting fitness centers and the strength, or lack thereof, of the consumer during uncertain times.
Image Source: Zacks Investment Research
After the sell-off, is it cheap?
Planet Fitness is trading with a forward price-to-earnings (P/E) ratio of 16.4. That’s attractive compared to the S&P 500 which is trading at 21x, but investors often look for stocks priced with a P/E under 15 to find real value.
Planet Fitness is shareholder friendly. It bought back $50 million in shares in the first quarter of 2026. It doesn’t pay a dividend, however.
Investors interested in a fitness stock like Planet Fitness might want to wait on the sidelines for the analysts to get more bullish on the company before diving in. Look for analysts raising their estimates, instead of cutting them.
C.H. Robinson koupila DeSpir Logistics za zhruba 75 milionů USD v hotovosti. Akvizice posiluje přepravu vysoce hodnotného a citlivého nákladu a má být v roce 2026 mírně akreční.
EDEN PRAIRIE, Minn.--(BUSINESS WIRE)--C.H. Robinson (NASDAQ: CHRW), the global leader in Lean AI supply chains, today announced it has acquired DeSpir Logistics, a specialized provider of secure transportation solutions and cargo escort services for mission-critical, high-value freight across North America.
This acquisition strengthens C.H. Robinson’s capabilities in premium, defensible services where security, compliance, and execution excellence are key decision drivers. This builds on the company’s ability to deliver tailored solutions for highly sensitive, regulated shipments across industries such as healthcare, life sciences, data centers, aerospace, and high-value retail — where precision, pre-planning, and real-time visibility are critical. Demand for these services is accelerating as supply chains become more complex and cargo theft grows more sophisticated.
“With DeSpir, we’re strengthening how we help customers move freight that requires an extra layer of protection. This is the kind of cargo where the stakes are incredibly high, like life-saving pharmaceuticals that must stay within strict temperature ranges, or critical data center equipment that is frequently targeted for theft,” said Adam McDonough, vice president of committed assets. “Think of it like this: C.H. Robinson is the large, highly efficient logistics engine with industry leading safety and fraud prevention, while DeSpir is a specialized operations team within it — designed to handle complex, high-risk, high-value freight with the greatest level of control and precision. This is a specialized service that many of our customers need.”
The acquisition also expands C.H. Robinson’s network of highly vetted, security-focused carriers, further strengthening its ability to move a wider range of high-value freight. To meet the specialized demands of these shipments, drivers undergo individual vetting, maintain required certifications, and are subject to ongoing audits. Unlike traditional carrier networks built primarily for scale, reliability, safety, and flexibility, this closed-loop network is also built for maximum control and security.
In addition, DeSpir enhances the company’s technology portfolio with advanced, high-security capabilities across the life of a shipment, including strengthening real-time monitoring of temperature fluctuations and detecting potential cargo tampering to address risks before they escalate. By applying C.H. Robinson’s Lean AI approach to DeSpir’s high-security platform, the company can further scale these capabilities, unlocking greater visibility, deeper insights, and improved performance across high-stakes supply chains.
“We’re taking very specific, nuanced expertise and coupling it with our scale,” said Michael Castagnetto, president of North American Surface Transportation. “By bringing together highly vetted carriers, advanced technology, and logisticians who know high-value freight inside and out — powered by our Lean AI — we’re able to deliver the level of precision, security, and white-glove service these shipments demand.”
“We’re proud of the team and the specialized capabilities we’ve built at DeSpir,” said John Carr, Managing Partner at DeSpir Logistics. “Joining C.H. Robinson allows us to extend that expertise to more customers, while continuing to deliver the level of control and precision our customers have always expected from us. It’s a strong fit for our people and for what we’ve built.”
The acquisition of DeSpir builds on C.H. Robinson’s disciplined approach to growth, adding targeted capabilities that strengthen its ability to serve complex, high-value segments and key strategic verticals while increasing customer value.
“We’ve been deliberate and disciplined in how we approach M&A,” said Damon Lee, Chief Financial Officer. “Over the past year, we’ve strengthened our operating model, sharpened our focus, and built a more efficient cost structure — putting us in a position to invest with purpose to enhance our value creation. DeSpir brings differentiated expertise, which when combined with C.H. Robinson’s scale, we expect to deliver superior results for our customers, carriers and shareholders.
DeSpir had $62 million in total revenues for the fiscal year ended December 31, 2025. C.H. Robinson purchased DeSpir for approximately $75 million in cash. The acquisition is expected to be slightly accretive in 2026 and will be financed through cash on hand. The deal officially closed today.
About C.H. Robinson
C.H. Robinson is the global leader in Lean AI supply chains. For more than a century, companies everywhere have looked to us to reimagine how goods move. Now, as we redefine what’s next for the industry, that same drive fuels our commitment to Building Tomorrow’s Supply Chains, Today™. Trusted by 75,000 customers and 450,000 contract carriers, we manage 37 million shipments annually, representing $23 billion in freight. We deliver tailored solutions across the world via truckload, less-than-truckload, ocean, air, and more. With our unique combination of human insight and Lean AI working as one, supply chains move faster, smarter, and more sustainably. As a responsible global citizen, we proudly contribute millions to the causes that matter most to our employees. For more information, visit us at chrobinson.com (Nasdaq: CHRW).
About DeSpir Logistics
DeSpir Logistics LLC is the leading specialized transportation provider for high-value, high-risk, and temperature-controlled cargo. Transporting critical assets calls for extraordinary measures and DeSpir leverages proprietary technologies and processes to plan for everything, assume nothing, and execute flawlessly. DeSpir’s service uses Quality Management standards that are based on GDP and TAPA guidelines and informed by our extensive experience with transporting expedited and high value cargo.
Forward-Looking Statements
Except for the historical information contained herein, the matters set forth in this release are forward-looking statements that represent our expectations, beliefs, intentions or strategies concerning future events. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from our historical experience or our present expectations, including, but not limited to whether and when the Company will be able to realize the expected financial results of the transaction, and how customers, competitors and employees will react to the transaction, as well as other risks and uncertainties detailed in our Annual and Quarterly Reports. Any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update such statements to reflect events or circumstances arising after such date.
SoFi spustila AI investiční platformu Composer by SoFi po akvizici Composer Securities. Umožňuje investorům tvořit, testovat a automatizovat strategie v přirozeném jazyce.
Digital financial services app SoFi has introduced an AI-powered investing platform.
Composer by SoFi, announced Tuesday (June 23), is designed to allow investors to employ artificial intelligence to develop, test and automate investment strategies using natural language.
It follows the company’s acquisition of Composer Securities, SoFi said in a news release provided to PYMNTS.
“Composer has built one of the most innovative AI-powered investing platforms available to retail investors today,” said Anthony Noto, SoFi’s chief executive.
“Our acquisition of Composer reflects SoFi’s strategy of identifying innovative technologies and exceptional teams that can strengthen our ecosystem over time. As AI becomes a foundational part of investing, Composer by SoFi strengthens our ability to deliver powerful investing tools through an experience that is simple, intuitive, and accessible.”
According to the release, Composer lets investors design their own strategies, while also exploring “community-built” strategies.
“An investor who feels they missed an AI sector rally can search over 2,000 community-built strategies, find one focused on AI and semiconductor leaders, review how it would have performed historically, and deploy it within seconds,” the release said.
Investors who aren’t sure which way the market will go can meld strategies designed for a variety of market environments and automate them together, SoFi added.
While other agentic tools use AI to continuously make trading decisions, SoFi says Composer employs the technology to help investors build “sophisticated rules-based strategies” that are executed automatically and follow clear, predefined rules which can be refined with specific weights, conditions and filters.
“This means investors maintain visibility into how their strategies work and can evaluate historical performance across different market environments before deciding whether to activate a strategy,” the company added.
As PYMNTS wrote last month, Noto has framed SoFi’s strategy around helping members manage their money holistically instead of introducing isolated products.
“Our critical success factor is helping people spend less than they make and invest the rest,” Noto said during an earnings call.
He added that consumers increasingly require financial guidance “for all the days in between,” and not simply for major financial decisions.
SoFi also recently acquired Peach Finance, a lending infrastructure startup that specializes in loan servicing software.
“This acquisition represents a significant expansion of SoFi’s business model, which has evolved beyond providing consumer financial products to offering a robust infrastructure layer for third-party banks and FinTechs,” PYMNTS wrote last month. “By incorporating Peach’s specialized software, SoFi adds a critical component to its enterprise ecosystem.”
Varonis Systems (NASDAQ:VNRS) is considering a sale of its business after fielding takeover interest from major private equity firms including Blackstone, Thoma Bravo, and Vista Equity Partners, Bloomberg reported, with Wedbush analysts saying a deal would make strategic sense given the cybersecurity company's discounted valuation.
Varonis is working with advisers as it evaluates interest from financial buyers, according to the Bloomberg report.
Wedbush analyst Dan Ives, who maintains an Outperform rating and $37 price target on the stock, has the company has been on his M&A watchlist and believes it is undervalued relative to its peers.
Varonis shares have been under pressure after falling roughly 30% earlier this year, hurt by competitive threats from AI labs Anthropic and OpenAI, which each launched vulnerability detection and patching tools that raised concerns about disruption to Varonis' software-as-a-service model. The company also faces competition from cybersecurity platform providers Palo Alto Networks and CrowdStrike.
Despite the selloff, Wedbush noted the stock still trades at a significant discount to its peer group, with Varonis fetching approximately 3.9 times 2027 enterprise value-to-revenue versus the roughly 7.3 times multiple commanded by comparable cybersecurity names, a gap the analyst said makes the company a prime acquisition candidate.
Wedbush said each of the private equity suitors named by Bloomberg has extensive software and cybersecurity portfolios and would be positioned to bundle Varonis' capabilities into existing product suites for additional upsell and cross-sell opportunities.
Ives noted that while Varonis has made progress with its SaaS-first model and pipeline development, the company has faced challenges converting deals as competition in the managed detection, data, and response market intensifies. Varonis has increasingly leaned on AI and machine learning to power user behavior analysis and threat modelling, capabilities Wedbush said should improve the value of its portfolio and expand its addressable market ahead of any potential transaction.
"We believe that we are still in the early stages of consolidation within the space," Wedbush said, adding that more customers are seeking all-in-one platform approaches rather than purchasing multiple products across vendors.
Shares of Varonis were on track to finish nearly 8% higher on Tuesday.
Lexicon posouvá sotagliflozin do fáze III u HCM, přičemž topline data čeká v 1. čtvrtletí 2027. Současně míří na opětovné podání NDA pro T1D v roce 2026.
Key Takeaways Lexicon is advancing sotagliflozin in a phase III HCM study, with top-line data expected in Q1 2027.Lexicon's Novo Nordisk-partnered LX9851 entered phase I in 2026, with milestone-payment potential.LXRX targets a 2026 T1D NDA resubmission for sotagliflozin, pending STENO1 & fulfillment of FDA requirements. Lexicon Pharmaceuticals (LXRX - Free Report) is advancing its cardiometabolic franchise, led by its sole marketed drug, sotagliflozin. Sotagliflozin, an oral inhibitor of sodium-glucose cotransporter types I and II (SGLT1 and SGLT2), has been marketed in the United States as Inpefa since 2023 to reduce the risk of cardiovascular death and heart failure in adults. Lexicon has granted Viatris (VTRS - Free Report) the rights to develop, seek regulatory approvals for and commercialize sotagliflozin in markets outside the United States and Europe.
The company’s top line comprises product revenues from Inpefa, licensing and milestone revenues from LX9851, its obesity-focused asset partnered with Novo Nordisk (NVO - Free Report) and royalties from a previously commercialized product, Xermelo.
In 2020, Lexicon sold its commercial rights to Xermelo under an asset purchase and sale agreement to TerSera Therapeutics, receiving upfront payments while retaining certain ongoing royalty and milestone payment rights on Xermelo from TerSera Therapeutics.
The company is entering a catalyst-rich period, with several potentially transformative milestones expected across its cardiometabolic pipeline over the next 12 months.
Year to date, LXRX shares have surged 74.8% against the industry’s 1.7% decline.
Image Source: Zacks Investment Research
Sotagliflozin Becomes a Multi-Indication Growth Asset for LXRXLexicon is actively pursuing label expansion opportunities for sotagliflozin beyond its current heart failure indication. The company is enrolling patients in the pivotal phase III SONATA-HCM study evaluating sotagliflozin in hypertrophic cardiomyopathy (HCM), a chronic and progressive heart disease characterized by abnormal thickening of the heart muscle. Enrollment is expected to be completed in mid-2026, with top-line data anticipated in the first quarter of 2027. Positive clinical data could substantially increase investor confidence in the long-term growth trajectory of the drug.
Beyond HCM, LXRX is also pursuing approval of sotagliflozin for glycemic control in adults with type I diabetes (T1D) and remains on track for potential new drug application (NDA) resubmission and regulatory approval in 2026, subject to the successful completion of the ongoing STENO1 study and fulfillment of FDA data requirements. If approved, the company will market the drug under the brand name Zynquista.
To remind investors, Lexicon received a complete response letter from the FDA in 2019, which expressed concerns regarding the risk of diabetic ketoacidosis, a potentially serious complication associated with SGLT inhibitor use in patients with T1D. The agency requested additional data to better characterize the drug's safety profile and demonstrate that the benefits outweigh the risks.
NVO-LXRX Licensing Agreement to Boost Cash PositionLexicon entered into a licensing agreement withNovo Nordisk in 2025,under which the latter is developing LXRX’s LX9851, a first-in-class oral small-molecule inhibitor of acyl-CoA synthetase 5 for obesity and associated metabolic disorders. NVO initiated a phase I study in March 2026, which is expected to be completed in the first quarter of 2027. Per the licensing agreement, Lexicon has already received $55 million in upfront and milestone payments and remains eligible for up to $1 billion in additional development, regulatory and commercial milestones, along with tiered royalties on future sales.
Lexicon’s Another Pipeline Asset on the MoveAnother pipeline asset of Lexicon is pilavapadin (LX9211), an investigational oral, non-opioid therapy for diabetic peripheral neuropathic pain (DPNP). Following FDA clearance, the company plans to advance the candidate into phase III development. The primary endpoint will be the change in average daily pain score. If approved, pilavapadin would be the first oral, non-opioid therapy approved for neuropathic pain in more than 20 years. Lexicon is exploring strategic partnership opportunities to support the therapy's global development and commercialization.
Lexicon highlighted encouraging preclinical findings in March, suggesting that pilavapadin may have potential as a novel oral treatment for spasticity associated with conditions such as multiple sclerosis and spinal cord injury.
LXRX's Zacks Rank & EstimatesLexicon currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Over the past 30 days, estimates for LXRX’s loss per share have remained unchanged at 17 cents for 2026 and 24 cents for 2027.
Eastman koupil značku Jarylec a vybraná aktiva od Arkema, čímž posílil svou pozici v oblasti dielektrických kapalin. Výrobu chce dál držet v Marl v Německu.
Key Takeaways Eastman acquired Jarylec assets from Arkema, strengthening its dielectric fluids market position.Jarylec products are used in high-voltage transformers and power grid applications.Eastman plans to keep Jarylec production in Marl, Germany, with its quality standards. Eastman Chemical Company (EMN - Free Report) has announced the acquisition of the Jarylec dielectric fluids’ brand and selected assets from Arkema France, strengthening its position as a technology platform and enhancing its offerings in the dielectric fluids market. The acquisition includes key trademarks, customer list, technical documentation and intellectual property associated with the Jarylec brand. The products of this segment are widely used in high-voltage transformers and power grid applications.
Eastman claimed that the customers will continue to receive the quality and service associated with the trusted Jarylec brand, now supported by Eastman’s manufacturing expertise and global technical service network. It plans to continue producing the dielectric fluid products under the Jarylec brand at its existing manufacturing facility in Marl, Germany. The company said it will utilize its state-of-the-art production processes and rigorous quality standards to ensure consistent product performance.
The Jarylec brand has earned a strong reputation in the industry for its reliability and the acquisition is expected to enhance Eastman’s capabilities in serving customers.
Additionally, Eastman expects tailwinds from improved sales volume/mix in Advanced Materials and, to a lesser extent, Additives & Functional Products, along with substantial spread improvement in Chemical Intermediates, in the second fiscal quarter. It has also maintained its cost-reduction target of $125 million to $150 million, net of inflation and expects tailwinds from lower shutdown expense, improved utilization and favorable foreign-currency effects for the next quarter. The capital expenditures are expected to be approximately $400 million in 2026.
EMN shares have lost 3.4% over the past year against the industry’s 8% growth.
Image Source: Zacks Investment Research
EMN’s Zacks Rank & Key PicksEMN currently sports a Zacks Rank #3 (Hold).
Some better-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 (Buy). 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 177.3% 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 18.1% 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%.
Sterling uvádí v Texasu mimořádně silné podmínky a rychle rostoucí zakázky, které pomohly zvýšit kombinovaný backlog CEC o 1,2 miliardy USD od konce roku 2025. Firma zároveň míří na větší víceleté projekty.
Key Takeaways Sterling sees exceptionally strong Texas conditions, with robust award activity boosting momentum.CEC project wins in Texas helped drive a $1.2 billion increase in combined backlog since year-end 2025.STRL is pursuing larger, multi-year projects as customers expand capital deployment plans. Sterling Infrastructure, Inc. (STRL - Free Report) is seeing a growing opportunity in Texas as demand for large-scale infrastructure projects accelerates across the state. The market has become increasingly important for the company, supported by rising activity in mission-critical developments and a growing need for experienced contractors capable of handling complex projects. Texas is also benefiting from substantial investments in digital infrastructure, creating a favorable backdrop for long-term growth.
In the first quarter of 2026, Sterling pointed to exceptionally strong conditions in Texas, with robust award activity supporting business momentum. The company is expanding its presence by leveraging resources from both western and southeastern operations. This allows the company to pursue opportunities across different parts of the state. Texas also contributed meaningfully to recent project wins secured by CEC, Sterling’s electrical services business, which helped drive a $1.2 billion increase in CEC’s combined backlog since year-end 2025.
The opportunity extends beyond near-term project awards. Customers are increasingly seeking partners with the capacity to support larger and longer-duration programs, and Sterling is benefiting from those trends. The company indicated that project sizes in Texas are growing rapidly, with some developments expected to span several years. As customers expand their capital deployment plans, Sterling is being drawn into additional markets and projects where execution capabilities have become a key differentiator.
While Texas is only one part of Sterling’s broader growth strategy, the scale of infrastructure investment taking place in the state suggests it could become an increasingly important contributor to future revenue opportunities. Strong customer demand, expanding project scopes and growing market presence position Sterling to capture additional value from this favorable infrastructure cycle.
How Sterling Compares With Key Infrastructure RivalsSterling operates in attractive infrastructure markets supported by data center expansion and broader investment in digital and industrial infrastructure. Two notable competitors are MasTec, Inc. (MTZ - Free Report) and EMCOR Group, Inc. (EME - Free Report) , both of which have established positions across large-scale engineering and construction projects.
MasTec has built a diversified infrastructure platform spanning communications, power delivery, clean energy, pipeline and civil construction. The company is benefiting from rising investments in AI-driven data centers, grid modernization and connectivity infrastructure, while also expanding its turnkey capabilities for mission-critical projects. These strengths position MasTec as a significant competitor in infrastructure projects linked to data center growth.
EMCOR is another major competitor with strong capabilities in electrical and mechanical construction and building services. The company continues to see robust demand from data centers, manufacturing, healthcare, institutional and water infrastructure markets, supported by expertise in complex mission-critical projects and long-standing customer relationships. While EMCOR serves a broader mix of end markets, the growing exposure to data center construction places it in direct competition for large infrastructure opportunities.
STRL Stock’s Price Performance & Valuation TrendShares of this Texas-based infrastructure services provider have gained 191.4% year to date, outperforming the Zacks Engineering - R and D Services industry, the broader Construction sector and the S&P 500 Index.
STRL’s Price Performance (YTD)
Image Source: Zacks Investment Research
STRL stock is currently trading at a premium compared with its industry peers, with a forward 12-month price-to-earnings (P/E) ratio of 38.45, as shown in the chart below.
STRL's P/E Ratio (Forward 12-Month) vs. Industry
Image Source: Zacks Investment Research
Earnings Estimate Revision of STRLSTRL’s earnings estimates for 2026 and 2027 have moved upward in the past 30 days to $19.31 and $27.43 per share, respectively, as shown below. The revised estimates for 2026 and 2027 imply year-over-year growth of 77.5% and 42.1%, respectively.
Image Source: Zacks Investment Research
Sterling currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
LOS ANGELES--(BUSINESS WIRE)--Korn Ferry (NYSE:KFY), a global consulting firm, today announced its Board of Directors has declared a cash dividend of $0.55 per share that will be payable on July 31, 2026 to shareholders of record on July 6, 2026.
“We are pleased to announce another quarterly cash dividend,” said Gary D. Burnison, CEO, Korn Ferry. “This decision underscores the strength and resilience of our business. Also reflecting our continued commitment to a balanced approach to capital allocation and delivering long-term value for shareholders is our purchase of 1.2 million shares during the quarter, bringing total FY’26 buybacks to 1.8 million shares.”
About Korn Ferry
Korn Ferry is a global consulting firm that powers performance. We unlock the potential in your people and unleash transformation across your business—synchronizing strategy, operations, and talent to accelerate performance, fuel growth, and inspire a legacy of change. That’s why the world’s most forward-thinking companies across every major industry turn to us—for a shared commitment to lasting impact and the bold ambition to Be More Than.
Forward-Looking Statements
Statements in this Press Release that relate to Korn Ferry’s goals, strategies, future plans and expectations, and other statements of future events or conditions are forward-looking statements that involve a number of risks and uncertainties. Words such as “believes”, “expects”, “anticipates”, “may”, “should”, “will”, “likely”, and “confidence”, and variations of such words and similar expressions are intended to identify such forward-looking statements. Readers are cautioned not to place undue reliance on such statements. Such statements are based on current expectations; actual results in future periods may differ materially from those currently expected or desired because of a number of risks and uncertainties that are beyond the control of Korn Ferry, including global and local political and economic developments, demand fluctuations, and those risks and uncertainties included in Korn Ferry’s periodic filings with the Securities and Exchange Commission, including the factors described in the sections entitled “Risk Factors” and “Forward-Looking Statements” of the Company’s Annual Report on Form 10-K for the fiscal year ended April 30, 2025 and as will be included in the Company's Annual Report on Form 10-K for the fiscal year ended April 30, 2026. Korn Ferry disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as otherwise required by applicable law.
Korn Ferry ve 4. čtvrtletí zvýšila poplatkové tržby na 759,8 mil. USD a zisk na akcii na 1,39 USD. Za celý rok dosáhla poplatkových tržeb 2,9 mld. USD a upraveného zisku na akcii 5,28 USD.
LOS ANGELES--(BUSINESS WIRE)--Korn Ferry (NYSE: KFY), a global consulting firm, today announced fourth quarter and annual fee revenue of $759.8 million and $2.9 billion, respectively. In addition, fourth quarter diluted earnings per share was $1.39 and adjusted diluted earnings per share was $1.40, while full year diluted earnings per share was $5.22 and adjusted diluted earnings per share was $5.28.
“I am very pleased with our quarterly performance. This marks our fifth consecutive quarter of top-line growth, underscoring the strength of our strategy and the increasing relevance of our solutions – all amid an uneven economic environment,” said Gary D. Burnison, CEO, Korn Ferry. “In addition to increased momentum across our broader offerings, I am particularly encouraged by double-digit growth in Professional Search & Interim, reflecting the depth and breadth of our solutions.
“As we conclude another fiscal year, I have never been more excited about the potential for Korn Ferry, the impact we have on clients and our We Are Korn Ferry mindset that is furthering collaboration across our firm. I am incredibly proud of our colleagues around the world. Their expertise and passion are the catalyst as we unlock potential in people and unleash transformation across organizations.”
Selected Financial Results
(dollars in millions, except per share amounts) (a)
Fourth Quarter
Year to Date
FY’26
FY’25
FY’26
FY’25
Fee revenue
$
759.8
$
712.0
$
2,907.5
$
2,730.1
Total revenue
$
768.3
$
719.8
$
2,938.6
$
2,761.1
Estimated remaining fees under existing contracts (b)
$
1,883.0
$
1,709.6
$
1,883.0
$
1,709.6
Net income attributable to Korn Ferry
$
73.1
$
64.2
$
277.4
$
246.1
Net income attributable to Korn Ferry margin
9.6
%
9.0
%
9.5
%
9.0
%
Basic earnings per share
$
1.42
$
1.23
$
5.33
$
4.69
Diluted earnings per share
$
1.39
$
1.21
$
5.22
$
4.60
Adjusted Results (c):
Fourth Quarter
Year to Date
FY’26
FY’25
FY’26
FY’25
Adjusted EBITDA
$
129.5
$
121.1
$
497.8
$
463.9
Adjusted EBITDA margin
17.0
%
17.0
%
17.1
%
17.0
%
Adjusted net income attributable to Korn Ferry (d)
$
73.5
$
70.1
$
280.9
$
261.2
Adjusted basic earnings per share (d)
$
1.43
$
1.34
$
5.40
$
4.98
Adjusted diluted earnings per share (d)
$
1.40
$
1.32
$
5.28
$
4.88
Fourth Quarter
Year to Date
FY’26
FY’25
FY’26
FY’25
Management separation charges are contractual
obligations due upon executive's death
$
—
$
4.6
$
—
$
4.6
Integration/acquisition costs
$
—
$
1.7
$
4.4
$
8.8
Restructuring charges, net
$
—
$
—
$
—
$
1.9
Impairment of fixed assets
$
—
$
—
$
—
$
0.5
Impairment of right-of-use assets
$
—
$
—
$
—
$
2.5
Gain on modification of office lease
$
—
$
—
$
(13.9
)
$
—
Fourth Quarter
Year to Date
FY’26
FY’25
FY’26
FY’25
Accelerated depreciation on Digital platform
$
—
$
—
$
13.8
$
—
Tax effect on the adjusted items
$
0.4
$
(0.5
)
$
(0.9
)
$
(3.2
)
Fiscal 2026 Fourth Quarter Results
The Company reported fee revenue in Q4 FY'26 of $759.8 million, an increase of 7% year-over-year (up 5.0% at constant currency), led by Professional Search & Interim up 14%, followed by Executive Search and Consulting, both up 7% and RPO up 5%.
Net income attributable to Korn Ferry was $73.1 million with a margin of 9.6% in Q4 FY'26, compared to Q4 FY'25 net income attributable to Korn Ferry of $64.2 million with a margin of 9.0%, an increase of 60bps. Adjusted EBITDA was $129.5 million in Q4 FY'26 compared to $121.1 million in Q4 FY'25. Adjusted EBITDA margin was 17.0% in both Q4 FY'26 and Q4 FY'25. Increases in net income attributable to Korn Ferry and margin, as well as Adjusted EBITDA, were primarily due to an increase in fee revenue, partially offset by increases in compensation and benefits expenses and costs of services.
Fiscal 2026 Full Year Results
The Company reported fee revenue in FY'26 of $2,907.5 million, an increase of 7% year-over-year (up 5% at constant currency), led by Professional Search & Interim up 11%, Executive Search up 9%, and Consulting and RPO, both up approximately 4%.
Net income attributable to Korn Ferry was $277.4 million with a margin of 9.5% in FY'26, compared to net income attributable to Korn Ferry of $246.1 million with a margin of 9.0% in FY'25, an increase of 50bps. Adjusted EBITDA was $497.8 million in FY'26 compared to $463.9 million in FY'25. Adjusted EBITDA margin was 17.1% in FY'26, essentially flat compared to the year-ago period. Increases in net income attributable to Korn Ferry and margin, as well as Adjusted EBITDA, were primarily due to an increase in fee revenue, partially offset by increases in compensation and benefits expenses and cost of services.
Results by Solution
Selected Consulting Data
(dollars in millions) (a)
Fourth Quarter
Year to Date
FY’26
FY’25
FY’26
FY’25
Fee revenue
$
181.9
$
169.4
$
691.7
$
662.7
Total revenue
$
185.3
$
172.5
$
704.1
$
674.1
Estimated remaining fees under existing contracts (b)
$
390.1
$
367.7
$
390.1
$
367.7
Ending number of consultants and execution staff (c)
1,522
1,599
1,522
1,599
Hours worked in thousands (d)
366
373
1,426
1,510
Average bill rate (e)
$
442
$
413
$
458
$
439
Adjusted Results (f):
Fourth Quarter
Year to Date
FY’26
FY’25
FY’26
FY’25
Adjusted EBITDA
$
30.9
$
29.1
$
118.4
$
115.5
Adjusted EBITDA margin
17.0
%
17.2
%
17.1
%
17.4
%
____________________ (a)
Numbers may not total due to rounding.
(b)
Estimated fee revenue associated with signed contracts for which revenue has not yet been recognized.
(c)
Represents number of employees originating, delivering and executing consulting services.
(d)
The number of hours worked by consultant and execution staff during the period.
(e)
The amount of fee revenue divided by the number of hours worked by consultants and execution staff.
(f)
Adjusted results exclude the following:
Fourth Quarter
Year to Date
FY’26
FY’25
FY’26
FY’25
Management separation charges (g)
$
—
$
4.6
$
—
$
4.6
Restructuring charges, net
$
—
$
—
$
—
$
1.7
Gain on modification of office lease
$
—
$
—
$
(4.1
)
$
—
Fee revenue was $181.9 million in Q4 FY'26 compared to $169.4 million in Q4 FY'25, an increase of $12.5 million or 7% (up 5% on a constant currency basis). The year-over-year increase in Consulting fee revenue was primarily driven by higher fee revenue in leadership development, assessment & succession and organizational strategy offerings.
Adjusted EBITDA was $30.9 million in Q4 FY'26 compared to $29.1 million in the year-ago quarter. Adjusted EBITDA margin was 17.0% in Q4 FY'26, essentially flat compared to the year-ago quarter. The increase in Adjusted EBITDA was primarily from higher fee revenue, partially offset by an increase in compensation and benefits expenses.
Selected Digital Data
(dollars in millions) (a)
Fourth Quarter
Year to Date
FY’26
FY’25
FY’26
FY’25
Fee revenue
$
89.3
$
91.6
$
363.5
$
363.5
Total revenue
$
89.7
$
91.6
$
364.4
$
363.7
Estimated remaining fees under existing contracts (b)
$
416.9
$
392.6
$
416.9
$
392.6
Ending number of consultants
233
244
233
244
Subscription & License fee revenue
$
38.0
$
34.5
$
148.6
$
137.7
Adjusted Results (c):
Fourth Quarter
Year to Date
FY’26
FY’25
FY’26
FY’25
Adjusted EBITDA
$
27.7
$
28.5
$
113.1
$
112.7
Adjusted EBITDA margin
31.0
%
31.1
%
31.1
%
31.0
%
Fourth Quarter
Year to Date
FY’26
FY’25
FY’26
FY’25
Impairment of fixed assets
$
—
$
—
$
—
$
0.4
Gain on modification of office lease
$
—
$
—
$
(2.0
)
$
—
Fee revenue was $89.3 million in Q4 FY'26 compared to $91.6 million in Q4 FY'25, a decrease of $2.3 million or 3% (down 6% on a constant currency basis).
Adjusted EBITDA was $27.7 million in Q4 FY'26, compared to $28.5 million in the year-ago quarter. Adjusted EBITDA margin was 31.0%, relatively unchanged from the year-ago quarter.
Selected Executive Search Data(a)
(dollars in millions) (b)
Fourth Quarter
Year to Date
FY’26
FY’25
FY’26
FY’25
Fee revenue
$
242.0
$
227.0
$
924.1
$
846.2
Total revenue
$
244.1
$
229.1
$
932.1
$
854.1
Estimated remaining fees under existing contracts (c)
$
73.2
$
69.6
$
73.2
$
69.6
Ending number of consultants
566
560
566
560
Average number of consultants
565
560
563
551
Engagements billed
3,794
3,827
9,511
9,151
New engagements (d)
1,712
1,738
6,514
6,325
Adjusted Results (e):
Fourth Quarter
Year to Date
FY’26
FY’25
FY’26
FY’25
Adjusted EBITDA
$
64.0
$
54.2
$
237.4
$
206.2
Adjusted EBITDA margin
26.4
%
23.9
%
25.7
%
24.4
%
____________________ (a)
Executive Search is the sum of the individual Executive Search Reporting Segments described in our annual and quarterly reporting on Forms 10-K and 10-Q and is presented on a consolidated basis as it is consistent with the Company’s discussion of its Solutions, and financial metrics used by the Company’s investor base.
(b)
Numbers may not total due to rounding.
(c)
Estimated fee revenue associated with signed contracts for which revenue has not yet been recognized.
(d)
Represents new engagements opened in the respective period.
(e)
Executive Search Adjusted EBITDA and Adjusted EBITDA margin are non-GAAP financial measures that adjust for the following:
Fourth Quarter
Year to Date
FY’26
FY’25
FY’26
FY’25
Impairment of right-of-use assets
$
—
$
—
$
—
$
2.5
Impairment of fixed assets
$
—
$
—
$
—
$
0.2
Gain on modification of office lease
$
—
$
—
$
(3.7
)
$
—
Restructuring charges, net
$
—
$
—
$
—
$
0.2
Fee revenue was $242.0 million in Q4 FY'26 compared to $227.0 million in Q4 FY'25, an increase of $15.0 million or 7% (up 5% at constant currency). The year-over-year increase in fee revenue was driven by an increase in the weighted-average fees billed per engagement, resulting from more search work at higher levels. The Company experienced fee revenue growth in all regions.
Adjusted EBITDA was $64.0 million in Q4 FY'26 compared to $54.2 million in the year-ago quarter, an increase of $9.8 million or 18% year-over-year. Adjusted EBITDA margin was 26.4%, compared to 23.9% in the year-ago quarter. The increase in Adjusted EBITDA and Adjusted EBITDA margin was primarily due to an increase in fee revenue combined with lower general and administrative expenses, partially offset by an increase in compensation and benefits expenses.
Selected Professional Search & Interim Data
(dollars in millions) (a)
Fourth Quarter
Year to Date
FY’26
FY’25
FY’26
FY’25
Fee revenue
$
149.1
$
130.7
$
561.1
$
503.5
Total revenue
$
150.4
$
131.7
$
566.3
$
507.2
Permanent Placement:
Fee revenue
$
59.8
$
50.9
$
222.4
$
203.8
Estimated remaining fees under existing contracts (b)
$
16.5
$
14.1
$
16.5
$
14.1
Engagements billed
1,784
1,829
4,835
4,830
New engagements (c)
1,034
1,009
3,902
3,811
Ending number of consultants
290
309
290
309
Interim:
Fee revenue
$
89.3
$
79.8
$
338.7
$
299.7
Estimated remaining fees under existing contracts (b)
$
144.1
$
107.6
$
144.1
$
107.6
Average bill rate (d)
$
151
$
131
$
145
$
133
Average weekly billable consultants (e)
1,234
1,301
1,237
1,168
Adjusted Results (f):
Fourth Quarter
Year to Date
FY’26
FY’25
FY’26
FY’25
Adjusted EBITDA
$
33.9
$
27.4
$
121.2
$
107.6
Adjusted EBITDA margin
22.7
%
21.0
%
21.6
%
21.4
%
____________________ (a)
Numbers may not total due to rounding.
(b)
Estimated fee revenue associated with signed contracts for which revenue has not yet been recognized.
(c)
Represents new engagements opened in the respective period.
(d)
Fee revenue from interim divided by the number of hours worked by consultants.
(e)
The number of billable consultants based on a weekly average in the respective period.
(f)
Adjusted results exclude the following:
Fourth Quarter
Year to Date
FY’26
FY’25
FY’26
FY’25
Integration/acquisition costs
$
—
$
1.6
$
4.4
$
6.0
Gain on modification of office lease
$
—
$
—
$
(2.6
)
$
—
Fee revenue was $149.1 million in Q4 FY'26 compared to $130.7 million in Q4 FY'25, an increase of $18.4 million or 14% (up 12% at constant currency). Fee revenue increased due to higher fee revenues in both Permanent Placement and Interim. The year-over-year increase in Interim fee revenue was primarily due to a 15% increase in average bill rate. The year-over-year increase in Permanent Placement fee revenue was driven by an increase in the weighted-average fee billed per engagement.
Adjusted EBITDA was $33.9 million in Q4 FY'26 compared to $27.4 million in the year-ago quarter. Adjusted EBITDA margin was 22.7% in Q4 FY'26 compared to 21.0% in the year-ago quarter. The increase in Adjusted EBITDA and Adjusted EBITDA margin was due to an increase in fee revenue, partially offset by increases in compensation and benefits expenses and cost of services.
Selected Recruitment Process Outsourcing ("RPO") Data
(dollars in millions) (a)
Fourth Quarter
Year to Date
FY’26
FY’25
FY’26
FY’25
Fee revenue
$
97.6
$
93.3
$
367.1
$
354.1
Total revenue
$
98.7
$
94.8
$
371.8
$
362.0
Estimated remaining fees under existing contracts (b)
$
842.2
$
758.0
$
842.2
$
758.0
RPO new business (c)
$
137.2
$
118.8
$
543.9
$
533.4
Adjusted Results (d):
Fourth Quarter
Year to Date
FY’26
FY’25
FY’26
FY’25
Adjusted EBITDA
$
15.5
$
14.5
$
57.7
$
52.6
Adjusted EBITDA margin
15.8
%
15.5
%
15.7
%
14.9
%
Fourth Quarter
Year to Date
FY’26
FY’25
FY’26
FY’25
Gain on modification of office lease
$
—
$
—
$
(1.5
)
$
—
Fee revenue was $97.6 million in Q4 FY'26 compared to $93.3 million in Q4 FY'25, an increase of $4.3 million or 5% (up 3% at constant currency). RPO fee revenue increased primarily due to new logo client wins in North America.
Adjusted EBITDA was $15.5 million in Q4 FY'26 compared to $14.5 million in the year-ago quarter. Adjusted EBITDA margin was 15.8% in Q4 FY'26, compared to 15.5% in Q4 FY'25.
Outlook
Assuming no material negative impact from the recent Middle East conflict and that other worldwide geopolitical conditions, economic conditions, financial markets and foreign exchange rates remain steady, on a consolidated basis:
Q1 FY’27 fee revenue is expected to be in the range of $725 million and $745 million; and Q1 FY’27 diluted earnings per share is expected to range between $1.32 to $1.38. Earnings Conference Call Webcast
The earnings conference call will be held today at 12:00 PM (EDT) and hosted by CEO Gary Burnison, CFO Robert Rozek, SVP Business Development & Analytics Gregg Kvochak and VP Investor Relations Tiffany Louder. The conference call will be webcast and available online at ir.kornferry.com. We will also post to the investor relations section of our website earnings slides, which will accompany our webcast, and other important information, and encourage you to review the information that we make available on our website.
About Korn Ferry
Korn Ferry is a global consulting firm that powers performance. We unlock the potential in your people and unleash transformation across your business—synchronizing strategy, operations, and talent to accelerate performance, fuel growth, and inspire a legacy of change. That’s why the world’s most forward-thinking companies across every major industry turn to us—for a shared commitment to lasting impact and the bold ambition to Be More Than.
Forward-Looking Statements
Statements in this press release and our conference call that relate to our outlook, projections, goals, strategies, future plans and expectations, including statements relating to expected labor market conditions, expected demand for and relevance of our products and services, expected results of our business diversification strategy, impact of global events on our business, and other statements of future events or conditions are forward-looking statements that involve a number of risks and uncertainties. Words such as “believes”, “expects”, “anticipates”, “goals”, “estimates”, “guidance”, “may”, “should”, “could”, “will” or “likely”, and variations of such words and similar expressions are intended to identify such forward-looking statements. Readers are cautioned not to place undue reliance on such statements. Such statements are based on current expectations; actual results in future periods may differ materially from those currently expected or desired because of a number of risks and uncertainties that are beyond the control of Korn Ferry. The potential risks and uncertainties include those relating to global and local political and or economic developments in or affecting countries where we have operations, such as inflation, trade wars, interest rates, labor market conditions, global slowdowns, or recessions, competition, geopolitical tensions, including the recent Middle East conflict, shifts in global trade patterns, changes in demand for our services as a result of automation, dependence on and costs of attracting and retaining qualified and experienced consultants, impact of inflationary pressures on our profitability, our ability to maintain relationships with customers and suppliers and retaining key employees, maintaining our brand name and professional reputation, potential legal liability and regulatory developments, portability of client relationships, consolidation of or within the industries we serve, changes and developments in government laws and regulations, evolving investor and customer expectations with regard to corporate responsibility matters, currency fluctuations in our international operations, risks related to growth, alignment of our cost structure, including as a result of recent workforce, real estate, and other restructuring initiatives, restrictions imposed by off-limits agreements, reliance on information processing systems, cyber security vulnerabilities or events, changes to data security, data privacy, and data protection laws, dependence on third parties for the execution of critical functions, limited protection of our intellectual property, our ability to enhance, develop and respond to new technology, including artificial intelligence, our ability to successfully recover from a disaster or other business continuity problems, employment liability risk, an impairment in the carrying value of goodwill and other intangible assets, treaties, or regulations on our business and our Company, deferred tax assets that we may not be able to use, our ability to develop new products and services, changes in our accounting estimates and assumptions, the utilization and billing rates of our consultants, seasonality, the use of social media platforms, the ability to effect acquisitions and integrate acquired businesses, resulting organizational changes, our indebtedness, and those relating to the ultimate magnitude and duration of any pandemic or outbreaks. For a detailed description of risks and uncertainties that could cause differences from our expectations, please refer to Korn Ferry’s periodic filings with the Securities and Exchange Commission. Korn Ferry disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Use of Non-GAAP Financial Measures
This press release contains financial information calculated other than in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”). In particular, it includes:
Adjusted net income attributable to Korn Ferry, adjusted to exclude accelerated depreciation on our Digital platform, management separation charges, integration/acquisition costs, restructuring charges, impairment of fixed assets, impairment of right-of-use assets and gain on modification of an office lease, net of income tax effect; Adjusted basic and diluted earnings per share, adjusted to exclude cost associated with accelerated depreciation on our Digital platform, management separation charges, integration/acquisition costs, restructuring charges, impairment of fixed assets, impairment of right-of-use assets and gain on modification of an office lease, net of income tax effect; Constant currency (calculated using a quarterly average) percentages that represent the percentage change that would have resulted had exchange rates in the prior period been the same as those in effect in the current period; and Consolidated and Executive Search Adjusted EBITDA, which is earnings before interest, taxes, depreciation and amortization, further adjusted to exclude management separation charges, integration/acquisition costs, restructuring charges, impairment of fixed assets, impairment of right-of-use assets and gain on modification of an office lease, net when applicable, and Consolidated and Executive Search Adjusted EBITDA margin. This non-GAAP disclosure has limitations as an analytical tool, should not be viewed as a substitute for financial information determined in accordance with GAAP, and should not be considered in isolation or as a substitute for analysis of the Company’s results as reported under GAAP, nor is it necessarily comparable to non-GAAP performance measures that may be presented by other companies.
Management believes the presentation of non-GAAP financial measures in this press release provides meaningful supplemental information regarding Korn Ferry’s performance by excluding certain items that may not be indicative of Korn Ferry’s ongoing operating results. These non-GAAP financial measures are performance measures and are not indicative of the liquidity of Korn Ferry. These items, which are described in the footnotes in the attached reconciliations, represent 1) costs associated with previous acquisitions, such as legal and professional fees, retention awards and on-going integration expenses, 2) gain on modification of an office lease where the Company received lease incentives to shorten the lease term, 3) restructuring charges, net to align workforce to eliminate excess capacity resulting from challenging macroeconomic business environment, 4) accelerated depreciation associated with the decision to sunset our Digital platform, 5) impairment of fixed assets primarily due to software impairment charge in our Digital segment, 6) impairment of right-of-use assets due to the decision to terminate and sublease some of our offices and 7) management separation charges due to contractual obligations due upon executive's death. The use of non-GAAP financial measures facilitates comparisons to Korn Ferry’s historical performance. Korn Ferry includes non-GAAP financial measures because management believes they are useful to investors in allowing for greater transparency with respect to supplemental information used by management in its evaluation of Korn Ferry’s ongoing operations and financial and operational decision-making. Adjusted net income attributable to Korn Ferry, adjusted basic and diluted earnings per share and Consolidated and Executive Search Adjusted EBITDA, exclude certain charges that management does not consider on-going in nature and allows management and investors to make more meaningful period-to-period comparisons of the Company’s operating results. Management further believes that Consolidated and Executive Search Adjusted EBITDA is useful to investors because it is frequently used by investors and other interested parties to measure operating performance among companies with different capital structures, effective tax rates and tax attributes and capitalized asset values, all of which can vary substantially from company to company. In the case of constant currency percentages, management believes the presentation of such information provides useful supplemental information regarding Korn Ferry's performance as excluding the impact of exchange rate changes on Korn Ferry's financial performance allows investors to make more meaningful period-to-period comparisons of the Company’s operating results, to better identify operating trends that may otherwise be masked or distorted by exchange rate changes and to perform related trend analysis, and provides a higher degree of transparency of information used by management in its evaluation of Korn Ferry's ongoing operations and financial and operational decision-making.
KORN FERRY AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
(in thousands, except per share amounts)
Three Months Ended
April 30,
Year Ended
April 30,
2026
2025
2026
2025
(unaudited)
Fee revenue
$
759,772
$
712,048
$
2,907,469
$
2,730,088
Reimbursed out-of-pocket engagement expenses
8,484
7,779
31,172
30,998
Total revenue
768,256
719,827
2,938,641
2,761,086
Compensation and benefits
486,737
443,503
1,867,005
1,758,024
General and administrative expenses
67,659
68,623
247,727
258,488
Reimbursed expenses
8,484
7,779
31,172
30,998
Cost of services
82,262
74,827
319,150
285,075
Depreciation and amortization
21,591
20,531
98,844
80,287
Restructuring charges, net
—
—
—
1,892
Total operating expenses
666,733
615,263
2,563,898
2,414,764
Operating income
101,523
104,564
374,743
346,322
Other income (loss), net
6,410
(10,306
)
33,705
18,953
Interest expense, net
(5,056
)
(5,331
)
(19,998
)
(20,363
)
Income before provision for income taxes
102,877
88,927
388,450
344,912
Income tax provision
29,052
23,789
107,630
93,836
Net income
73,825
65,138
280,820
251,076
Net income attributable to noncontrolling interest
(691
)
(894
)
(3,386
)
(5,014
)
Net income attributable to Korn Ferry
$
73,134
$
64,244
$
277,434
$
246,062
Earnings per common share attributable to Korn Ferry:
Basic
$
1.42
$
1.23
$
5.33
$
4.69
Diluted
$
1.39
$
1.21
$
5.22
$
4.60
Weighted-average common shares outstanding:
Basic
50,932
51,599
51,428
51,778
Diluted
51,922
52,504
52,519
52,806
KORN FERRY AND SUBSIDIARIES
FINANCIAL SUMMARY BY REPORTING SEGMENT
(dollars in thousands)
(unaudited)
Three Months Ended April 30,
Year Ended April 30,
2026
2025
% Change
2026
2025
% Change
Fee revenue:
Consulting
$
181,920
$
169,363
7.4
%
$
691,654
$
662,708
4.4
%
Digital
89,282
91,634
(2.6
%)
363,523
363,530
—
%
Executive Search:
North America
156,095
143,014
9.1
%
583,394
535,921
8.9
%
EMEA
54,135
53,479
1.2
%
215,134
194,088
10.8
%
Asia Pacific
24,622
23,630
4.2
%
97,527
87,337
11.7
%
Latin America
7,099
6,880
3.2
%
28,049
28,862
(2.8
%)
Total Executive Search (a)
241,951
227,003
6.6
%
924,104
846,208
9.2
%
Professional Search & Interim
149,060
130,710
14.0
%
561,077
503,515
11.4
%
RPO
97,559
93,338
4.5
%
367,111
354,127
3.7
%
Total fee revenue
759,772
712,048
6.7
%
2,907,469
2,730,088
6.5
%
Reimbursed out-of-pocket engagement expenses
8,484
7,779
9.1
%
31,172
30,998
0.6
%
Total revenue
$
768,256
$
719,827
6.7
%
$
2,938,641
$
2,761,086
6.4
%
KORN FERRY AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(in thousands, except per share amounts)
April 30,
2026
April 30,
2025
ASSETS
Cash and cash equivalents
$
1,095,445
$
1,006,964
Marketable securities
38,914
36,388
Receivables due from clients, net of allowance for doubtful accounts of $42,527 and $40,461 at April 30, 2026 and 2025, respectively
573,350
565,255
Income taxes and other receivables
75,410
38,394
Unearned compensation
64,421
61,649
Prepaid expenses and other assets
58,437
41,488
Total current assets
1,905,977
1,750,138
Marketable securities, non-current
247,132
233,626
Property and equipment, net
191,531
173,610
Operating lease right-of-use assets, net
170,986
152,712
Cash surrender value of company-owned life insurance policies, net of loans
289,058
252,621
Deferred income taxes
113,207
144,560
Goodwill
950,636
948,832
Intangible assets, net
45,858
70,193
Unearned compensation, non-current
118,592
106,965
Investments and other assets
31,799
27,967
Total assets
$
4,064,776
$
3,861,224
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable
$
49,682
$
58,884
Income taxes payable
19,573
23,079
Compensation and benefits payable
570,242
530,473
Operating lease liability, current
28,111
38,573
Other accrued liabilities
314,402
304,589
Total current liabilities
982,010
955,598
Deferred compensation and other retirement plans
510,774
477,770
Operating lease liability, non-current
164,899
131,762
Long-term debt
398,565
397,736
Deferred tax liabilities
5,723
5,981
Other liabilities
23,902
20,238
Total liabilities
2,085,873
1,989,085
Stockholders' equity
Common stock: $0.01 par value, 150,000 shares authorized, 79,203 and 78,264 shares issued and 50,225 and 51,458 shares outstanding at April 30, 2026 and 2025, respectively
284,370
364,425
Retained earnings
1,761,063
1,588,274
Accumulated other comprehensive loss, net
(72,827
)
(86,243
)
Total Korn Ferry stockholders' equity
1,972,606
1,866,456
Noncontrolling interest
6,297
5,683
Total stockholders' equity
1,978,903
1,872,139
Total liabilities and stockholders' equity
$
4,064,776
$
3,861,224
KORN FERRY AND SUBSIDIARIES
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES
(dollars in thousands)
(unaudited)
Three Months Ended
April 30,
Year Ended
April 30,
2026
2025
2026
2025
Net income attributable to Korn Ferry
$
73,134
$
64,244
$
277,434
$
246,062
Net income attributable to non-controlling interest
691
894
3,386
5,014
Net income
73,825
65,138
280,820
251,076
Income tax provision
29,052
23,789
107,630
93,836
Income before provision for income taxes
102,877
88,927
388,450
344,912
Interest expense, net
5,056
5,331
19,998
20,363
Depreciation and amortization (1)
21,591
20,531
98,844
80,287
Management separation charges (2)
—
4,614
—
4,614
Integration/acquisition costs (3)
—
1,738
4,420
8,837
Gain on modification of office lease (4)
—
—
(13,907
)
—
Impairment of right-of-use assets (5)
—
—
—
2,452
Impairment of fixed assets (6)
—
—
—
509
Restructuring charges, net (7)
—
—
—
1,892
Adjusted EBITDA
$
129,524
$
121,141
$
497,805
$
463,866
Net income attributable to Korn Ferry margin
9.6
%
9.0
%
9.5
%
9.0
%
Net income attributable to non-controlling interest
0.1
%
0.1
%
0.1
%
0.2
%
Income tax provision
3.8
%
3.3
%
3.7
%
3.4
%
Interest expense, net
0.7
%
0.8
%
0.7
%
0.8
%
Depreciation and amortization (1)
2.8
%
2.9
%
3.4
%
2.9
%
Management separation charges (2)
—
%
0.7
%
—
%
0.2
%
Integration/acquisition costs (3)
—
%
0.2
%
0.2
%
0.3
%
Gain on modification of office lease (4)
—
%
—
%
(0.5
%)
—
%
Impairment of right-of-use assets (5)
—
%
—
%
—
%
0.1
%
Impairment of fixed assets (6)
—
%
—
%
—
%
0.0
%
Restructuring charges, net (7)
—
%
—
%
—
%
0.1
%
Adjusted EBITDA margin
17.0
%
17.0
%
17.1
%
17.0
%
Net income attributable to Korn Ferry
$
73,134
$
64,244
$
277,434
$
246,062
Accelerated depreciation on Digital platform (1)
—
—
13,846
—
Management separation charges (2)
—
4,614
—
4,614
Integration/acquisition costs (3)
—
1,738
4,420
8,837
Gain on modification of office lease (4)
—
—
(13,907
)
—
Impairment of right-of-use assets (5)
—
—
—
2,452
Impairment of fixed assets (6)
—
—
—
509
Restructuring charges, net (7)
—
—
—
1,892
Tax effect on the adjusted items (8)
380
(487
)
(863
)
(3,187
)
Adjusted net income attributable to Korn Ferry
$
73,514
$
70,109
$
280,930
$
261,179
Explanation of Non-GAAP Adjustments
(1)
Depreciation and amortization includes $13.8 million of accelerated depreciation associated with the decision to sunset our Digital platform in the year ended April 30, 2026.
(2)
Contractual obligations due upon executive's death.
(3)
Costs associated with previous acquisitions, such as legal and professional fees, retention awards and the on-going integration expenses.
(4)
Gain on the modification of an office lease where the Company received lease incentives to shorten the lease term.
(5)
Costs associated with impairment of right-of-use assets due to terminating and deciding to sublease some of our offices.
(6)
Costs associated with impairment of fixed assets primarily due to software impairment charge in our Digital segment.
(7)
Restructuring charges incurred to align our workforce to eliminate excess capacity resulting from challenging macroeconomic business environment.
(8)
Tax effect on accelerated depreciation on Digital platform, management separation charges, integration/acquisition costs, gain on modification of office lease, impairment of right-of-use assets and fixed assets, and restructuring charges, net.
KORN FERRY AND SUBSIDIARIES
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES - CONTINUED
(unaudited)
Three Months Ended
April 30,
Year Ended
April 30,
2026
2025
2026
2025
Basic earnings per common share
$
1.42
$
1.23
$
5.33
$
4.69
Accelerated depreciation on Digital platform (1)
—
—
0.27
—
Management separation charges (2)
—
0.09
—
0.09
Integration/acquisition costs (3)
—
0.03
0.09
0.17
Gain on modification of office lease (4)
—
—
(0.27
)
—
Impairment of right-of-use assets (5)
—
—
—
0.05
Impairment of fixed assets (6)
—
—
—
0.01
Restructuring charges, net (7)
—
—
—
0.03
Tax effect on the adjusted items (8)
0.01
(0.01
)
(0.02
)
(0.06
)
Adjusted basic earnings per share
$
1.43
$
1.34
$
5.40
$
4.98
Diluted earnings per common share
$
1.39
$
1.21
$
5.22
$
4.60
Accelerated depreciation on Digital platform (1)
—
—
0.26
—
Management separation charges (2)
—
0.09
—
0.09
Integration/acquisition costs (3)
—
0.03
0.08
0.16
Gain on modification of office lease (4)
—
—
(0.26
)
—
Impairment of right-of-use assets (5)
—
—
—
0.05
Impairment of fixed assets (6)
—
—
—
0.01
Restructuring charges, net (7)
—
—
—
0.03
Tax effect on the adjusted items (8)
0.01
(0.01
)
(0.02
)
(0.06
)
Adjusted diluted earnings per share
$
1.40
$
1.32
$
5.28
$
4.88
Explanation of Non-GAAP Adjustments
(1)
Depreciation and amortization includes $13.8 million of accelerated depreciation associated with the decision to sunset our Digital platform in the year ended April 30, 2026.
(2)
Contractual obligations due upon executive's death.
(3)
Costs associated with previous acquisitions, such as legal and professional fees, retention awards and the on-going integration expenses.
(4)
Gain on the modification of an office lease where the Company received lease incentives to shorten the lease term.
(5)
Costs associated with impairment of right-of-use assets due to terminating and deciding to sublease some of our offices.
(6)
Costs associated with impairment of fixed assets primarily due to software impairment charge in our Digital segment.
(7)
Restructuring charges incurred to align our workforce to eliminate excess capacity resulting from challenging macroeconomic business environment.
(8)
Tax effect on accelerated depreciation on Digital platform, management separation charges, integration/acquisition costs, gain on modification of office lease, impairment of right-of-use assets and fixed assets, and restructuring charges, net.
KORN FERRY AND SUBSIDIARIES
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES - CONTINUED
Korn/Ferry (KFY - Free Report) came out with quarterly earnings of $1.4 per share, beating the Zacks Consensus Estimate of $1.37 per share. This compares to earnings of $1.32 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +2.19%. A quarter ago, it was expected that this staffing company would post earnings of $1.22 per share when it actually produced earnings of $1.28, delivering a surprise of +4.92%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Korn/Ferry, which belongs to the Zacks Staffing Firms industry, posted revenues of $759.77 million for the quarter ended April 2026, surpassing the Zacks Consensus Estimate by 2.74%. This compares to year-ago revenues of $712.05 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Korn/Ferry shares have added about 2.7% since the beginning of the year versus the S&P 500's gain of 9.2%.
What's Next for Korn/Ferry?While Korn/Ferry has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Korn/Ferry was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.36 on $732.4 million in revenues for the coming quarter and $5.70 on $3 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Staffing Firms is currently in the bottom 16% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Robert Half (RHI - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026.
This staffing firm is expected to post quarterly earnings of $0.26 per share in its upcoming report, which represents a year-over-year change of -36.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Robert Half's revenues are expected to be $1.33 billion, down 3.2% from the year-ago quarter.
Korn Ferry od 1. čtvrtletí fiskálního roku 2027 přejde na reporting podle regionů Americas, EMEA a APAC. Ve 4. čtvrtletí vzrostly výnosy z poplatků o 6,7 % na 759,8 mil. USD.
Key Takeaways Korn Ferry will shift reporting to the Americas, EMEA and APAC segments starting in fiscal 2027.KFY's referral rate rose to 29.1%, while Marquee and Diamond accounts held 40% of fee revenues.Korn Ferry saw Q4 fee revenues rise 6.7%, led by 14% growth in Professional Search & Interim. Korn Ferry (KFY - Free Report) used its fourth-quarter call to do more than highlight another quarter of growth. Management used the discussion to frame a broader operating shift, arguing the firm is now better positioned to sell across clients, geographies and solutions.
The headline numbers were solid, but the more important takeaway was strategic. Executives spent much of the call explaining how a more regionally oriented model is meant to deepen client penetration and sustain growth even as macro conditions remain uneven.
KFY Recasts How It Wants to Be MeasuredPresident and CEO Gary Burnison said Korn Ferry is moving away from presenting itself as a set of separate solutions and toward a more integrated, client-centric firm. He tied that change to the company’s “We Are Korn Ferry” push and said the next phase is meant to make the whole organization work more cohesively around customers.
Beginning in the first quarter of fiscal 2027, external reporting will shift to three regional segments: the Americas, EMEA and APAC. Solution details will still be disclosed, but under broader groupings spanning search, talent and organizational solutions, and workforce solutions.
That was a notable call theme because it signals that management wants investors to judge execution less by isolated business lines and more by how effectively the firm integrates offerings across accounts and markets. Burnison said the organization had been too solution-weighted and needed to pivot more toward geography.
Korn Ferry Leans Harder on Cross-SellingExecutive vice president, CFO and chief corporate officer Robert Rozek pointed to a 29.1% business referral rate in the quarter, up about 320 basis points, as evidence that the cross-selling push is gaining traction. He also said Marquee and Diamond accounts remained at 40% of consolidated fee revenues.
Rozek said the company is reviewing larger new engagements in a highly structured way, with regional, solution and industry leaders involved. In management’s view, that process is helping Korn Ferry win an initial mandate and then expand the relationship across the firm.
The financial backdrop supported that message. Estimated remaining fees under existing contracts rose 10% year over year to $1.883 billion, with management saying growth came from every solution. About 57% of that backlog is expected to be recognized over the next year.
KFY Finds Its Best Momentum in SearchKorn Ferry’s adjusted earnings per share came in at $1.40, which topped the Zacks Consensus Estimate of $1.37 by 2.2%. Fourth-quarter revenues rose 6.7% year over year to $759.8 million, beating the Zacks Consensus Estimate of $739.5 million by 2.7%.
The strongest operating momentum came from Professional Search & Interim, where fee revenues increased 14% to $149.1 million. Executive Search also remained healthy, with fee revenues up 7% to $242.0 million and adjusted EBITDA margin expanding to 26.4% from 23.9% a year earlier.
Burnison said Executive Search is moving upmarket, with higher average fees reflecting work at more senior organizational levels. On interim staffing, he said the business is benefiting both from internal referrals and from higher-value demand in areas such as technology, finance and accounting, HR and supply chain.
Korn Ferry Sees Pockets of External PressureNot every business line moved the same way. Digital fee revenues fell 3% in the quarter to $89.3 million, although subscription and license fee revenues increased to $38.0 million from $34.5 million. Consulting and RPO each posted 7% and 5% fee revenue growth, respectively.
On the macro front, management was explicit that the recent Middle East conflict hurt new business trends outside the Americas. Burnison told analysts that the disruption affected EMEA, the Middle East and APAC, even as demand in the Americas remained strong over the trailing four months.
That backdrop shaped a measured near-term outlook. Korn Ferry guided first-quarter fiscal 2027 fee revenues to $725 million to $745 million and earnings per share to $1.32 to $1.38, while Rozek said adjusted EBITDA margin should stay around 17%.
KFY Uses Q&A to Clarify Margins and AIWhen analysts pressed on the flat fourth-quarter adjusted EBITDA margin, Burnison said the main reason was higher bonus expense tied to stronger-than-expected revenue performance. Management framed that as a trade-off it was willing to accept in exchange for better top-line delivery.
On consulting, Burnison said the firm is challenging itself to move beyond traditional pricing structures and capture more value-based economics over time. He did not present a near-term change, but the comments suggested pricing model evolution is part of the broader strategic agenda.
AI also drew scrutiny. Burnison said Korn Ferry is already seeing efficiency gains across work streams, particularly in search, but stressed that the company is prioritizing customer experience and the protection of its proprietary assessment and client data over simply extracting cost savings.
Korn Ferry Keeps Growth and Capital in BalanceManagement’s overall tone was confident but not carefree. Burnison repeatedly emphasized the size of Korn Ferry’s market opportunity and said the company now thinks in billions rather than hundreds of millions, yet he paired that ambition with caution around geopolitics and client spending conditions.
Capital allocation remained disciplined. Korn Ferry repurchased 1.24 million shares for $78.8 million in the quarter, returned $221 million to shareholders during fiscal 2026 through buybacks and dividends, and invested $85 million in capital spending tied to Talent Suite and productivity tools.
Zacks Signals on KFYKFY carries a Zacks Rank #3 (Hold), while its Value Score is A, Growth Score is B, Momentum Score is A, and VGM Score is A. Under the Zacks framework, the rank is the primary signal for near-term earnings revision momentum, while stronger Style Scores point to more attractive value, growth and momentum characteristics. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
That combination points to balanced near-term prospects rather than a clear bullish or bearish signal. The A-rated VGM profile is favorable on combined style traits, but the Zacks framework places greater weight on estimate revisions, meaning the current Zacks Rank can change as analysts update forecasts after the latest results.
Newell Brands v 1. čtvrtletí snížil srovnatelné tržby o 3,5 %, ale výsledek překonal očekávání a zlepšil se proti předchozím obdobím. Firma čeká návrat růstu srovnatelných tržeb ve 2. čtvrtletí.
Key Takeaways Newell's core sales fell 3.5% in Q1 but improved sequentially and beat management's expectations.Six of Newell's top 10 brands gained share, while six delivered year-over-year POS growth in Q1.Newell plans 25 major innovations in 2026 and expects core sales growth to return in Q2. Newell Brands Inc.’s (NWL - Free Report) turnaround strategy appears to be gaining traction, supported by improving consumer demand, stronger point-of-sale trends and market share gains across several key brands. Although core sales remained negative in the first quarter, management’s commentary suggests that the company’s renewed focus on innovation, advertising investments and retail execution is beginning to translate into better business performance, raising the question of whether Newell is approaching a sustainable growth inflection point.
The numbers suggest meaningful progress. First-quarter core sales declined 3.5% year over year, but the result exceeded management’s expectations and marked a sequential improvement from prior quarters. Six of Newell’s top 10 brands gained market share during the quarter, while six brands also posted year-over-year point-of-sale growth for the first time in more than four years. The Learning & Development segment returned to growth, driven by a 4.9% increase in the Baby business. Additionally, the company benefited from a $25 million net pricing advantage tied to improved customer program management, helping normalize operating margin and expand it by 30 basis points to 4.8%.
A key driver behind the improving sales trajectory is Newell’s strengthened innovation pipeline. The company plans to launch 25 Tier 1 and Tier 2 innovations in 2026, up from 18 in the previous year, with products spanning all business segments. Management noted strong early consumer response to innovations such as Graco’s new car seats and Coleman’s Snap 'N Go cooler. Coupled with higher advertising and promotional spending, these initiatives are supporting stronger retailer relationships, distribution gains and shelf placement opportunities, which should provide additional sales momentum throughout the year.
Despite encouraging signs, challenges remain. Commodity inflation, particularly higher resin and transportation costs, continues to pressure profitability, while consumer spending trends remain uneven across income groups. Nevertheless, Newell’s reduced exposure to China sourcing, expanded domestic manufacturing capabilities and disciplined cost-management efforts position the company well to navigate these headwinds. With management now expecting a return to core sales growth in the second quarter and raising its full-year sales outlook, the turnaround story appears increasingly credible, though sustained execution will be critical to proving that the recovery is durable.
Newell’s Zacks Rank & Share Price PerformanceShares of this Zacks Rank #3 (Hold) company have rallied 43.8% in the past three months, outperforming both the industry and the broader Consumer Staples sector, which rose 0.1% and 2.9%, respectively.
NWL Stock's Past Three-Month Performance
Image Source: Zacks Investment Research
Is NWL a Value Play Stock?Newell currently trades at a forward 12-month P/E ratio of 8.59X, which is notably lower than the industry multiple of 17.84X and the sector average of 16.47X. This valuation positions the stock at a modest discount relative to both its direct peers and the broader consumer staples sector.
NWL P/E Ratio (Forward 12 Months)
Image Source: Zacks Investment Research
Stocks to ConsiderThe Chefs' Warehouse, Inc. (CHEF - Free Report) distributes specialty food and center-of-the-plate products in the United States, the Middle East and Canada. At present, CHEF sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The consensus estimate for Chefs' Warehouse’s current fiscal-year sales and earnings implies growth of 8.3% and 24.7%, respectively, from the year-ago reported figures. CHEF delivered a trailing four-quarter earnings surprise of 28.9%, on average.
United Natural Foods, Inc. (UNFI - Free Report) distributes natural, organic, specialty, produce and conventional grocery and non-food products in the United States and Canada. At present, United Natural carries a Zacks Rank of 2 (Buy). UNFI delivered a trailing four-quarter earnings surprise of 29.9%, on average.
The consensus estimate for United Natural’s current fiscal-year earnings implies growth of 254.9% from the year-ago figures.
Mama's Creations, Inc. (MAMA - Free Report) manufactures and markets fresh deli-prepared foods in the United States. At present, MAMA has a Zacks Rank of 2. Mama's Creations delivered a trailing four-quarter earnings surprise of 129.2%, on average.
The consensus estimate for Mama's Creations’ current fiscal-year sales and earnings implies growth of 30% and 73.3%, respectively, from the year-ago figures.
FactSet Research Systems má ve 3. čtvrtletí vykázat zisk 4,45 USD na akcii a tržby 617,59 milionu USD, což je více než 585,52 milionu USD ve stejném období loni. Společnost zároveň zvýšila čtvrtletní dividendu na 1,16 USD na akcii.
FactSet Research Systems Inc. (NYSE:FDS) will release its third quarter earnings report after the closing bell on Wednesday, July 1.
Analysts expect the Norwalk, Connecticut-based company to report quarterly earnings of $4.45 per share, up from $4.27 per share in the year-ago period. The consensus estimate for FactSet Research’s quarterly revenue is $617.59 million. It reported $585.52 million last year, according to Benzinga Pro.
On May 5, FactSet raised its quarterly dividend from $1.10 per share to $1.16 per share.
FactSet Research shares fell 0.2% to close at $218.15 on Tuesday.
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 FDS stock? Here’s what analysts think:
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Acadia Healthcare zvýšila celoroční odhad upravené EBITDA poté, co tržby v 1. čtvrtletí 2026 vzrostly o 7,6 % na 828,8 milionu USD. Firma zároveň plánuje kapitálové výdaje na rok 2026 ve výši 255–280 milionů USD.
Key Takeaways ACHC raised full-year Adjusted EBITDA guidance after Q1 2026 revenues rose 7.6% to $828.8 million.ACHC is prioritizing returns from existing assets and plans 2026 capital spending of $255-$280 million.ACHC is resolving disputes, strengthening compliance, and improving retention. Acadia Healthcare Company, Inc. (ACHC - Free Report) demonstrates how a mission-driven healthcare company can create long-term shareholder value. As the largest standalone behavioral health provider in the United States, operating 275 facilities and more than 12,400 beds across 40 states, Acadia plays a critical role in addressing the nation's growing mental health and addiction treatment needs. Following a challenging period marked by regulatory scrutiny and industry-wide pressures, it has focused on rebuilding operational strength and restoring investor confidence.
Over the past year, management has taken meaningful steps to protect shareholder value. Acadia resolved some legacy billing disputes, worked toward strengthening compliance standards and improving workforce retention, and brought back experienced industry leader Debbie Osteen as CEO. These actions signal a commitment to accountability, operational discipline and long-term value creation.
Acadia's strategy has also evolved. Rather than pursuing growth, it has shifted toward maximizing returns from its existing footprint, limiting planned 2026 capital expenditures to a range of $255 million to $280 million. This strategic shift is evident in the company’s recent results, with first-quarter 2026 revenues rising 7.6% year over year to $828.8 million and management raising its full-year adjusted EBITDA guidance from $575-$610 million to $580-$615 million.
Demand for mental health and addiction treatment continues to rise, supported by growing awareness and significant unmet patient needs. While some historical expansions weighed on returns, many recently developed facilities are approaching maturity. Acadia now has an opportunity to convert years of investment into improved profitability, creating a potential turnaround opportunity for long-term investors.
How Are Competitors Faring?Peers such as Universal Health Services, Inc. (UHS - Free Report) and LifeStance Health Group, Inc. (LFST - Free Report) are also pursuing growth and operational efficiency initiatives.
Universal Health Services is increasingly focused on extracting greater value from its behavioral health network. Alongside efforts to improve occupancy and outpatient growth, UHS recently announced its $835 million acquisition of Talkspace to expand patient access and broaden treatment options.
LifeStance Health continues to strengthen its outpatient mental health platform through clinician expansion and technology-enabled care, reflecting LFST’s efforts to capture a bigger share of the growing demand for behavioral health services.
ACHC’s Price Performance, Valuation & EstimatesShares of Acadia have gained 20.9% over the past year compared to the industry’s 8.4% decline over the same period.
Image Source: Zacks Investment Research
From a valuation standpoint, ACHC trades at a forward price-to-earnings ratio of 15.71X, up from the industry average of 8.45X. ACHC carries a Value Score of C.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for ACHC’s 2026 earnings is pegged at $1.50 per share, which has moved 1 cent up in the past 60 days.
Image Source: Zacks Investment Research
Acadia currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
RingCentral rozšiřuje AIR Pro o agentní umělou inteligenci v RingCX, včetně autonomního oslovování zákazníků, inteligentního předávání na živé agenty a nových workflow bez kódu. Novinky mají být obecně dostupné ve 2. pololetí 2026.
Native AI agents added to RingCX workflows giving businesses automated outreach, intelligent handoffs, and more
LAS VEGAS--(BUSINESS WIRE)--RingCentral, Inc. (NYSE: RNG) today announced the expansion of AIR Pro™ to deliver agentic AI capabilities across the RingCentral customer engagement portfolio. The expansion includes new capabilities within RingCX™ that help businesses with end-to-end customer resolution, automated outreach, and intelligent hand-offs. These enhancements also strengthen how customer context is captured and carried within RingCX. When a conversation transfers to a live agent, that agent has a more complete picture, including prior interactions, data from connected systems via APIs, and relevant recordings — without having to ask the customer to repeat themselves. The context layer continuously informs itself, getting smarter with every interaction.
“RingCentral offers the broadest range of customer engagement solutions that address both informal and formal contact center requirements. Our announcement today is about expanding AIR Pro and adding key updates to RingCX as we make progress toward our vision of AI agents and humans working together,” said Jim Dvorkin, SVP of Customer Experience Products at RingCentral. “Our innovations for RingCX continue to be well received by our customers. The addition of native AI agents, along with autonomous outreach, intelligent handoffs, and our AI powered workflow builder for RingCX helps businesses improve customer experiences and achieve measurable results.”
Where Humans and AI Agents Work Together
Highlighted at Customer Contact Week (CCW) Las Vegas 2026, RingCentral rolled out the following updates:
Native AI Agents: Embedded directly into RingCX workflows, native AI agents help with inbound and outbound interactions across voice and digital channels. For example, a business can run multi-step workflows from start to finish, such as confirm an appointment, handle verification, and update a record all within a single call. Autonomous Outreach: Leverage AI agents to proactively initiate conversation outreach triggered by real-time events: appointment reminders, payment notifications, service updates. For example, a credit card payment is missed. AIR Pro calls the customer, confirms the outstanding balance, offers payment options, and processes the payment over the phone. Intelligent Handoffs: When a conversation requires human judgment or empathy, AI agents in RingCX can transfer seamlessly to live agents, carrying full customer history and CRM data so the conversation continues without interruption, repetition, or lost context. AI-powered Workflow Builder: A natural language interface for building RingCX workflows on-demand, customers are able to prompt commands through RingCX’s AI Virtual Assistant (AVA) describing what they need, and it creates a workflow automatically — no coding, no technical resources required. AI-powered RingCX Analytics: Enables business and contact center leaders to prompt questions through RingCentral’s AI Virtual Assistant (AVA) within the RingCX interface to retrieve answers and specific metrics. For example, a newly hired supervisor can ask, "What report should I use to see an agent’s attendance and performance?" and AVA surfaces the answer instantly. New WEM Capabilities
RingCentral’s native WEM solution, called RingWEM, brings together AI Quality Management, AI Interaction Analytics, and AI Workforce Management embedded directly into RingCX – helping businesses reduce average call handle times, and improve customer satisfaction without a fragmented toolset that has long held back contact center performance. New RingWEM capabilities include:
RingWEM with Live Screen Monitoring: This gives supervisors visibility into how agents handle customer interactions, with the ability to whisper, coach, or step in without disrupting the customer experience. For example, it gives supervisors visibility during the call, seeing the agent’s screen in real time, and watching how agents address a problem, while giving coaching suggestions when the conversation is still live. Added Digital Channels
RingCX supports more than 20 digital channels, along with inbound and outbound voice allowing agents to manage various customer interactions from a single, unified interface. RingCX goes beyond the standard support for WhatsApp Messaging, and now includes WhatsApp Voice support.
WhatsApp Voice Support: With WhatsApp Voice in RingCX, customers can move from a messaging conversation to voice without leaving WhatsApp. The agent picks up the call with a complete view of the customer journey, including a summary of each interaction. “As a RingCX and AIR Pro customer, we're expanding our use of AI to drive a consistent customer experience while also enabling more automated AI and human interactions,” said Jaimie Bell, VP of Client Solutions at Office Gurus. “The expansion of AI Agents in RingCX, powered by AIR Pro, is really exciting. We're looking forward to it giving us more control and visibility into deploying AI agents at scale without sacrificing the quality our customers expect. We're early in implementation, and already seeing how AI agents will help us move faster, reduce manual overhead, and deliver a more seamless customer experience.”
RingCX Momentum
As of the end of Q1 2026, more than 1,700 businesses have adopted RingCX, up over 70% year-over-year – with more than half of them utilizing AI.
RingCX customers are achieving measurable results across industries. For example, in healthcare, Sun River Health achieved a 95% first-call resolution rate — 25% above industry standard. In entertainment, The Escape Game reduced costs by 50% while increasing bookings by 7%, and the San Diego Symphony cut box office hold times by 95%.
“The industry is moving beyond AI assistants towards increasingly autonomous AI agents that can participate in customer journeys alongside human workers,” said Hayley Sutherland, Conversational AI Analyst at IDC. “Organizations will need a common framework for managing performance, quality, analytics, and governance across both — and having that native to the contact center platform is the right approach. RingCentral's direction reflects its commitment to both supporting its customers with the capabilities needed today, and taking them where the market is headed.”
Pricing & Availability
Native AI Agents in RingCX and Automated Outreach will be available on a consumption basis, aligned with AIR Pro pricing. RingWEM with Live Screen Monitoring — will be priced on a seat basis or included in the RingCX Ultimate tier. New RingCX capabilities are currently in beta with general availability in 2H 2026. AI-powered RingCX Analytics and RingWEM with Live Screen Monitoring will be available in Q3.
For additional details or demo requests, visit the RingCentral booth #411 at CCW Las Vegas, or click here.
Join the RingCentral “CCW Special Edition” of AI Real Talk—Live or on-demand Elevate Every Customer Experience: Keeping Humans in the Loop While Scaling AI June 23 | 10:00 AM PT / 1:00 PM ET
About RingCentral
RingCentral is a global leader in AI–powered customer engagement, delivering an integrated platform for business phone, SMS, contact center, workforce engagement management, video collaboration, and messaging. Powered by advanced AI capabilities, RingCentral delivers intelligence at every phase of the conversation journey — before, during, and after each human interaction. With RingCentral, businesses can work smarter, respond faster, and connect more meaningfully with their customers. Visit ringcentral.com to learn more.
Joby Aviation zvýšila tržby ve 4. čtvrtletí 2025 na 30,84 milionu USD a pro rok 2026 očekává 105 až 115 milionů USD. Akcie jsou ale stále pod tlakem kvůli ztrátovosti a vysokému ocenění.
Joby Aviation (NYSE:JOBY | JOBY Price Prediction) is graduating from a flight-test story to a revenue story. The Blade acquisition pushed Q4 2025 revenue to $30.84 million, management is guiding $105 million to $115 million for full-year 2026, and a JFK-to-Manhattan eVTOL flight put the brand in front of every commuter in the country.
Yet shares sit at $10, down 24.24% year to date. Can JOBY trade at $20 by 2028?
What’s Holding Joby Back Shares are stuck because of what investors are paying for unprofitable growth. Joby trades at a price-to-sales ratio of 122x with a beta of 2.67, punished whenever rate expectations shift. Shares are flat over the last month at 0%, with a recent 20% drop in June tied to a strong jobs report and renewed Fed tightening concerns.
Insider selling has weighed on sentiment. Director Paul Sciarra sold 416,666 shares at $12.02, and CFO Rodrigo Brumana followed with a $897,000 sale via a 10b5-1 plan. Both were pre-scheduled, but the optics hurt a stock already 47% below its 52-week high.
Wall Street Sees 11% Upside. Our Model Says 16%. Consensus target is $11.12, with 1 strong buy, 2 buys, 5 holds, 2 sells, and 1 strong sell. Our base-case model lands at $11.62 for a 16.2% upside, with a moderate 0.5 confidence score mirroring the analyst split of 27% bullish, 27% bearish, 45% neutral.
Consensus is too anchored on Joby being pre-revenue. The bull case points to $15.05 within twelve months and $25.75 over five years. Wall Street has not repriced for FAA certification, and that is the asymmetry worth watching.
The Path to $20 Per Share Reaching $20 from $10 requires a gain of 100%. With forward EPS of -$1.20, a price of $20 implies a forward P/E of -17x. The negative figure shows why our model excludes EPS and leans on analyst target weighting and the 247Factor of 1.045. For JOBY, price-to-sales is where the bull case has room.
If Joby hits a credible 2028 revenue ramp toward the $458 million projection being modeled post-FAA approval, the current 122x sales multiple compresses sharply at $20.
Three catalysts are in motion: the first point-to-point electric air taxi flight from JFK to Manhattan, selection for commercial operations in 11 states, and a Dubai launch with vertiports at the airport, Palm Jumeirah, and Dubai Mall.
CEO JoeBen Bevirt told investors, “2026 will mark a key inflection point for Joby”, and ARK Invest backed that view with a 119,000-share purchase after the FAA milestone. The primary risk is simple: any FAA Type Certification slip beyond 2026 resets the bull thesis.
Is $20 Realistic? Joby has no earnings power yet, which is the entire problem and opportunity. The stock sits at $10, against a 52-week range of $7.75 to $20.95, and a 50-day moving average of $9.79. Five-year total return is essentially flat at 0.4%.
The market has paid Joby for the option rather than the operating business. If Dubai service launches and the Dayton plant ramps to 4 aircraft per month in 2027, the option converts into cash flow.
Hitting $20 by 2028 requires a 100% gain, and on a beta of 2.67 that is achievable.
Three things must go right: FAA Type Certification by 2026, passenger revenue from Dubai and U.S. eIPP sites in 2027, and Dayton production hitting 4 aircraft per month on schedule. A certification delay forcing another dilutive capital raise derails it.
I view $20 as a stretch target with real catalysts behind it. Returns at this level shouldn’t be expected every year, but the blueprint for Joby reaching $20 in 2028 is clear.
Archer Aviation chce využít letiště Hawthorne u Los Angeles jako provozní centrum své sítě air taxi. Počítá i s až 200 000 čtverečních stop hangárů pro údržbu, odbavení cestujících a další provoz.
Key Takeaways ACHR plans to use Hawthorne Airport as the operational hub for its Los Angeles air taxi network.The site will support takeoff, landing, maintenance, passenger handling and ground operations.ACHR is planning up to 200,000 sq. ft. of hangar space for air mobility and innovation activities. Archer Aviation Inc. (ACHR - Free Report) is giving its air taxi strategy a stronger operating base through its control of Hawthorne Airport near Los Angeles International Airport and Downtown Los Angeles. The company plans to use the site as the operational hub for its Los Angeles network while also developing it as an innovation center for next-generation AI-powered aviation technologies. This makes the airport more than a real estate asset. It can become a testing and coordination point for the company’s broader urban air mobility ambitions.
The move is important because commercial air taxi service will require more than certified aircraft. Archer Aviation will also need take-off and landing access, hangar capacity, maintenance support, passenger handling systems, ground operations and local regulatory coordination. Hawthorne Airport gives the company a place to bring many of these requirements together in one market that could be important for early adoption.
Archer Aviation also expects to prepare the site for planned air taxi operations in the Los Angeles area and potential use around the LA28 Olympic Games. The company has discussed the redevelopment of up to 200,000 square feet of hangar space and the creation of an advanced air mobility center of excellence. Over time, Archer Aviation aims to add AI-supported features such as air traffic coordination, ground operations management, maintenance detection and smoother passenger screening.
The company noted that capital projects at Hawthorne may face cost, permitting, labor, regulatory and schedule risks. If Archer Aviation can manage these challenges, Hawthorne Airport could support its shift from aircraft development toward real-world air taxi operations.
Companies Expanding Air Mobility NetworksAs companies move closer to commercial air mobility services, building operational networks is becoming increasingly important. Companies like Joby Aviation, Inc. (JOBY - Free Report) and Eve Holding, Inc. (EVEX - Free Report) are also expanding networks to support future air mobility operations.
Joby Aviation is developing flight networks and operational capabilities to support the planned rollout of its electric air taxi services.
Eve Holding is working with partners and stakeholders to help establish the network needed for future urban air mobility operations.
Earnings Estimates for ACHR StockThe Zacks Consensus Estimate for 2026 and 2027 earnings per share suggests a year-over-year decline of 61.90% and growth of 7.51%, respectively.
Image Source: Zacks Investment Research
ACHR Stock Trading at a DiscountArcher Aviation is trading at a discount relative to the industry, with a trailing 12-month price-to-book of 1.98X compared with the industry average of 6.03X
Image Source: Zacks Investment Research
ACHR Stock Price PerformanceOver the past three months, ACHR shares have fallen 1.5% compared with the industry’s 0.2% decline.
Image Source: Zacks Investment Research
ACHR’s Zacks RankArcher Aviation currently has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
This transaction strengthens Organon’s contraception portfolio and expands long-acting reversible options for women
JERSEY CITY, N.J.--(BUSINESS WIRE)--Organon (NYSE: OGN), a global healthcare company with a mission to deliver impactful medicines and solutions for a healthier every day, today announced the completion of a global licensing agreement with Sebela Pharmaceuticals, granting Organon exclusive rights to MIUDELLA®, a hormone-free, copper intrauterine device (IUD). Please see our prior announcement for a summary of the transaction terms.
Approved by the US Food and Drug Administration (FDA) on February 24, 2025, MIUDELLA is the first hormone-free copper IUD to be introduced in the US in over 40 years. Indicated for the prevention of pregnancy for up to three years in females of reproductive potential, MIUDELLA is 99% effective. It features a proprietary SLIMSERTTM technology, which consists of a highly flexible frame and a fully preloaded inserter with a small, tapered insertion tube diameter of 3.7mm.1
MIUDELLA is anticipated to be commercially available in late 2026. The MIUDELLA label includes a Risk Evaluation and Mitigation Strategy (REMS). A REMS is a strategy used by the FDA to manage known or potential risks associated with a product. To mitigate complications due to potential improper insertion, MIUDELLA will only be available in the US through the MIUDELLA REMS program. See additional safety information below.
“MIUDELLA represents an important hormone-free option in contraception, expanding choices for women seeking long‑acting reversible birth control,” said Joe Morrissey, Chief Executive Officer of Organon. “By building on our long history in contraception and leveraging our deep expertise and capabilities, this agreement strengthens Organon’s ability to deliver contraceptive options that meet the needs of women.”
“Developed by Sebela Women’s Health, MIUDELLA represents an effective option for pregnancy prevention,” said Alan Cooke, Chief Executive Officer and President of Sebela Pharmaceuticals. “We are delighted to complete this global license agreement with Organon. Organon offers the scale, launch readiness and access capabilities needed to bring this valuable product efficiently into clinical practice and help ensure MIUDELLA reaches more women who are looking for hormone-free contraception options.”
Truist Securities, Inc. acted as financial advisor to Sebela Pharmaceuticals.
About MIUDELLA
MIUDELLA was investigated in three clinical trials in the US in 1,904 women aged 17 to 45 years. The Phase 3 prospective, multicenter, single-arm, open-label study was conducted in 42 centers in the US with a primary endpoint of contraceptive efficacy through 3 years of use as assessed by the Pearl Index (defined as the number of pregnancies per 100 women over one year).1 In the efficacy cohort of women aged 17 to 35 years from the Phase 3 study (n=1397), the first-year Pearl Index was 0.94 (95% CI, 0.43-1.78) and the cumulative 3-year Pearl Index was 1.05 (95% CI, 0.66-1.60)—in other words, 99% effective, with an overall placement success rate of 98.8%. The most common adverse reactions (≥5%) observed in clinical trials were heavy menstrual bleeding, dysmenorrhea, intermenstrual bleeding, pelvic discomfort, procedural pain, pelvic pain, post-procedural hemorrhage, and dyspareunia. In the first year, 8.5% of participants across all three studies discontinued treatment due to bleeding or pain adverse events, which decreased to 3.2% by year 3. Expulsion rates ranged from 1.9% in year 1 to 0.9% in year 3.
Indication
MIUDELLA® is a copper-containing intrauterine system (IUS) indicated for prevention of pregnancy in females of reproductive potential for up to 3 years. Selected Safety Information
WARNING: RISK OF COMPLICATIONS DUE TO IMPROPER INSERTION
Improper insertion of intrauterine systems, including MIUDELLA, increases the risk of complications. Proper training prior to first use of MIUDELLA can minimize the risk of improper insertion. MIUDELLA is available only through a restricted program under a Risk Evaluation and Mitigation Strategy (REMS) called the MIUDELLA REMS program to ensure all healthcare providers are trained on the proper insertion of MIUDELLA prior to first use. Further information is available at miudellarems.com and 1-855-337-0772. CONTRAINDICATIONS
Use of MIUDELLA is contraindicated when 1 or more of the following conditions exist: Pregnancy or suspicion of pregnancy; congenital or acquired abnormalities of the uterus, including leiomyomas, resulting in distortion of the uterine cavity; acute pelvic inflammatory disease (PID); postpartum endometritis or postabortal endometritis in the past 3 months; known or suspected uterine or cervical malignancy; for use as postcoital contraception (emergency contraception); uterine bleeding of unknown etiology; untreated acute cervicitis or vaginitis or other lower genital tract infection; conditions associated with increased susceptibility to pelvic infections; Wilson's disease; a previously placed IUS that has not been removed; hypersensitivity to any component of MIUDELLA including to polypropylene, copper, nitinol, an alloy of nickel and titanium, or any of the trace elements present in the copper component of MIUDELLA. Persons with allergic reactions to these components may suffer an allergic reaction to this intrauterine system. Prior to placement, patients should be counseled on the materials contained in the IUS, as well as potential for allergy/hypersensitivity to these materials. WARNINGS AND PRECAUTIONS
Risk of Complications Due to Improper Insertion: Improper insertion of IUSs, including MIUDELLA, increases the risk of perforation, infection, undiagnosed abnormal bleeding, pregnancy loss (if pregnancy occurs with IUS in situ), and expulsion. Proper training prior to first use of MIUDELLA can minimize the risk of improper insertion. MIUDELLA is available only through a restricted program under a REMS. MIUDELLA REMS: MIUDELLA is only available through a restricted program under a REMS called MIUDELLA REMS Program to ensure healthcare providers are trained prior to first use. Notable requirements include the following: Healthcare providers must be certified with the program by enrolling and completing training on the proper insertion of MIUDELLA prior to first use. Pharmacies and healthcare settings that dispense MIUDELLA must be certified by enrolling in the REMS and must only dispense MIUDELLA to certified healthcare providers. Further information is available at www.miudellarems.com and 1-855-337-0772.
Ectopic Pregnancy: Promptly evaluate females who become pregnant for ectopic pregnancy while using MIUDELLA. Ectopic pregnancy may require surgery and may result in loss of fertility. Intrauterine Pregnancy: Increased risk of spontaneous abortion, septic abortion, premature delivery, sepsis, septic shock, and death if pregnancy occurs. Remove MIUDELLA if pregnancy occurs with MIUDELLA in place and the thread ends are visible or can be retrieved from the cervical canal. Sepsis: Severe infection or sepsis, including Group A streptococcal sepsis (GAS), have been reported following insertion of other IUSs; strict aseptic technique is essential during insertion. Pelvic Infection: Promptly examine users with complaints of lower abdominal or pelvic pain, odorous discharge, unexplained bleeding, fever, genital lesions or sores after insertion of MIUDELLA. IUSs have been associated with an increased risk of PID, most likely due to organisms being introduced into the uterus during insertion. Remove MIUDELLA in cases of recurrent PID or endometritis, or if an acute pelvic infection is severe or does not respond to treatment. Subclinical PID: PID may be asymptomatic but still result in tubal damage and its sequelae.
Perforation: Partial or total perforation of the uterine wall or cervix may occur during insertions, although the perforation may not be detected until sometime later. Perforation may also occur at any time during IUS use. Perforation that results in embedment or translocation may reduce contraceptive efficacy and result in pregnancy. Risk is increased if inserted in postpartum and lactating females and may be increased if inserted in females with fixed, retroverted uteri or noninvoluted uteri. If perforation is suspected or if known perforation occurs during placement, the IUS should be removed as soon as possible. Surgery may be required. Delayed detection or removal of MIUDELLA in cases of perforation may result in migration outside the uterine cavity, adhesions, peritonitis, intestinal penetration, intestinal obstruction, abscesses and/or damage to adjacent organs. Expulsion: Partial or complete expulsion of MIUDELLA has been reported, resulting in the loss of contraceptive protection. MIUDELLA should be placed no earlier than 4 weeks post-pregnancy to mitigate the risk of expulsion that may be increased when the uterus is not completely involuted at the time of insertion. Remove a partially expelled MIUDELLA and do not attempt to push a partially expelled MIUDELLA into the uterus. Wilson’s Disease: MIUDELLA may exacerbate Wilson’s disease, a rare genetic disease affecting copper excretion; therefore, the use of MIUDELLA is contraindicated in females with Wilson’s disease. Bleeding Pattern Alterations: Menstrual bleeding may be altered and result in heavier and longer bleeding with spotting. Females complaining of heavy vaginal bleeding should be evaluated and treated, and may need to discontinue MIUDELLA. Magnetic Resonance Imaging (MRI) Safety Information: Patients using MIUDELLA can be safely scanned with MRI only under certain conditions. Medical Diathermy: Medical equipment that contains high levels of Radiofrequency (RF) energy such as diathermy may cause health effects (by heating tissue) in females with a metal-containing IUS including MIUDELLA. Avoid using high medical RF transmitter devices in females with MIUDELLA. ADVERSE REACTIONS
Most common adverse reactions (≥5%) observed in clinical trials were heavy menstrual bleeding, dysmenorrhea, intermenstrual bleeding, pelvic discomfort, procedural pain, pelvic pain, post-procedural hemorrhage, and dyspareunia. Before prescribing MIUDELLA, please read the full Prescribing Information, including Boxed Warning.
About Organon
Organon (NYSE: OGN) is a global healthcare company with a mission to deliver impactful medicines and solutions for a healthier every day. With a portfolio of over 70 products across Women’s Health and General Medicines, which includes biosimilars, Organon focuses on addressing health needs that uniquely, disproportionately or differently affect women, while expanding access to essential treatments in over 140 markets.
Headquartered in Jersey City, New Jersey, Organon is committed to advancing access, affordability, and innovation in healthcare. Learn more at www.organon.com and follow us on LinkedIn, Instagram, X, YouTube, TikTok and Facebook.
Cautionary Note Regarding Forward-Looking Statements
Except for historical information, this press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, including, but not limited to, statements about the potential benefits of Organon’s exclusive license of global rights to MIUDELLA® and expectations regarding the timing of commercialization thereof. Forward-looking statements may be identified by words such as “anticipated, “may”, “will”, and “expected,” among others. These statements are based upon the current beliefs and expectations of the company’s management and are subject to significant risks and uncertainties. If underlying assumptions prove inaccurate, or risks or uncertainties materialize, actual results may differ materially from those set forth in the forward-looking statements. Risks and uncertainties include, but are not limited to, weakening of economic conditions that could adversely affect the level of demand for MIUDELLA®; pricing pressures globally, including rules and practices of managed care groups, judicial decisions and governmental laws and regulations related to or affecting Medicare, Medicaid and healthcare reform, pharmaceutical pricing and reimbursement, access to the company’s products, international reference pricing, including most-favored-nation drug pricing, and other pricing related initiatives and policy efforts; the impact of tariffs and other trade restrictions or domestic sourcing requirements; expanded brand and class competition in the markets in which the company operates; the failure of any supplier to provide substances, materials, or services as agreed, or otherwise meet their obligations to the company; the increased cost of supply, manufacturing, packaging, and operations; difficulties developing and sustaining relationships with commercial counterparties, including Sebela Pharmaceuticals; the impact of higher selling and promotional costs; efficacy, safety or other quality concerns with respect to the company’s marketed products, whether or not scientifically justified, leading to product recalls, withdrawals, labeling changes or declining sales; future actions of third parties, including significant changes in customer relationships or changes in the behavior and spending patterns of purchasers of healthcare products and services, including delaying medical procedures, rationing prescription medications, reducing the frequency of physician visits and forgoing healthcare insurance coverage; the failure by the company or its third party collaborators and/or their suppliers to fulfill their or their regulatory or quality obligations; and volatility of commodity prices, fuel, and shipping rates that impact the costs and/or ability to supply the company’s products. The company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. Additional factors that could cause results to differ materially from those described in the forward-looking statements can be found in the company’s filings with the SEC, including the company’s most recent Annual Report on Form 10-K and subsequent SEC filings, available at the SEC’s Internet site (www.sec.gov). References and links to websites have been provided for convenience, and the information contained on any such website is not a part of, or incorporated by reference into, this press release. Organon is not responsible for the contents of third-party websites.
About Sebela Pharmaceuticals
At Sebela Pharmaceuticals, we are building a leading gastroenterology company in the US and developing innovative products in women’s health. Braintree Laboratories, Inc., a part of Sebela Pharmaceuticals, has been innovating, developing, manufacturing, and commercializing gastroenterology products for over 40 years. Tegoprazan is Braintree’s lead program in GERD, and in 2025 Sebela Women’s Health obtained FDA approval for Miudella (copper-containing intrauterine system), the first non‑hormonal intra‑uterine device (IUD) for contraception approved in over 40 years. Sebela Pharmaceuticals has operations in Roswell, GA; Braintree, MA; and Dublin, Ireland.
For more information, visit www.sebelapharma.com.
Sebela Forward-Looking Statement
This press release and any statements made for and during any presentation or meeting contain forward-looking statements related to Sebela Pharmaceuticals, Sebela Women’s Health and Braintree Laboratories under the safe harbor provisions of Section 21E of the Private Securities Litigation Reform Act of 1995 and are subject to risks and uncertainties that could cause actual results to differ materially from those projected. These statements may be identified by the use of forward-looking words such as "anticipate," "planned," "believe," “may”, “will”, "forecast," "estimated," "expected," and "intend," among others. There are several factors that could cause actual events to differ materially from those indicated by such forward-looking statements. These factors include, but are not limited to, risks related to the development, launch, introduction and commercial potential of Miudella; growth and opportunity, including peak sales and the potential demand for Miudella, as well as its potential impact on applicable markets; market size; substantial competition; our ability to continue as a going concern; our need for additional financing; uncertainties of patent protection and litigation; uncertainties of government or third-party payer reimbursement; dependence upon third parties; our financial performance and results, including the risk that we are unable to manage our operating expenses or cash use for operations, or are unable to commercialize our products, within the guided ranges or otherwise as expected; and risks related to noncompliance with FDA regulations. As with any pharmaceutical under development, there are significant risks in the development and commercialization of new products. There are no guarantees that Miudella will prove to be commercially successful. While the list of factors presented here is considered representative, no such list should be considered a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. Forward-looking statements included herein are made as of the date hereof, and neither Sebela Pharmaceuticals, Sebela Women’s Health nor Braintree Laboratories agree to undertake any obligation to update publicly such statements to reflect subsequent events or circumstances except as required by law.
Iron Mountain za poslední tři měsíce vzrostla o 30,2 % díky silným tržbám z úložiště a datových center. Tržby datových center v 1. čtvrtletí 2026 vzrostly o 47,1 % na 254,7 milionu USD.
Key Takeaways Iron Mountain's recurring storage revenues and pricing supported strong first-quarter 2026 growth. IRM's data center revenues jumped 47.1% as leasing stayed strong and utilization remained high.IRM grew digital and asset lifecycle businesses over 50% year over year, boosting service revenues. Iron Mountain Incorporated (IRM - Free Report) shares have rallied 30.2% in the past three months compared with the industry’s growth of 10.2%.
Iron Mountain’s recurring storage rental revenues remain resilient through pricing and strong retention, while rapid data center expansion, robust leasing demand, and growing digital and asset lifecycle management businesses continue to drive growth and diversify revenues beyond traditional records storage.
Analysts seem bullish on this Zacks Rank #3 (Hold) stock. The Zacks Consensus Estimate for its 2026 AFFO per share has been revised northward by 13 cents to $5.85 over the past two months.
Image Source: Zacks Investment Research
Factors Behind IRM Stock’s Price SurgeIron Mountain continues to rely on highly recurring storage rental revenues, supported by pricing, revenue management and strong customer retention. In the first quarter of 2026, consolidated storage rental revenues increased 15.4% year over year, while Global RIM storage rental grew 8.7%. These results indicate that pricing and revenue management continue to help offset gradual declines in physical storage volumes. Management also highlighted that the physical records storage business delivered its best quarterly growth in years, helping fund investment in faster-growing offerings.
The Global Data Center business remains Iron Mountain's primary growth engine, benefiting from sustained enterprise and hyperscale demand for secure, interconnected capacity. In the first quarter of 2026, data center revenues increased 47.1% year over year to $254.7 million, driven primarily by 46% increase in storage rental revenues, while adjusted EBITDA margin remained above 50% at 52.1%. The operating portfolio reached 507.2 megawatt (MW) from 424.2 MW a year ago and was 97.2% leased, reflecting strong utilization. Leasing activity remained healthy, with 21,849 kilowatt (KW) of new and expansion leases signed during the quarter.
Management reported 32 MW of data center leasing from the beginning of the year through April 2026, suggesting demand carried into the early second quarter. Churn remained low at 0.4%, while cash mark-to-market was 12%, pointing to pricing power on renewals. The development pipeline also expanded, with 181.5 MW under construction and 684.2 MW held for future development, bringing total potential data center capacity to 1.37 gigawatt (GW). This robust pipeline supports the company’s strategy to build and energize capacity ahead of demand and sustain high growth rates as more sites come online.
Iron Mountain is broadening beyond traditional records storage through digital and asset lifecycle management capabilities that management is increasingly cross-selling across its large customer base. Management said that the data center, digital and ALM businesses grew more than 50% year over year in first-quarter 2026, while consolidated service revenues rose 30.6% year over year to $841 million.
Within Global RIM, service revenues increased 16.5% year over year, indicating healthy demand for higher-value services alongside storage. Recent acquisitions in IT asset disposition and logistics capabilities extend the lifecycle offering set and deepen customer relationships, which can improve wallet share over time, even as paper-based workflows evolve. The company’s global footprint and broad customer mix also help scale these newer offerings across regions and industries.
Key Concerns for Iron MountainCompetition from other industry players is likely to lead to aggressive pricing pressure and hurt Iron Mountain’s prospects. High interest expenses and adverse foreign currency movements remain a concern.
Stocks to ConsiderSome better-ranked stocks from the broader REIT sector are Lamar Advertising (LAMR - Free Report) and Vornado Realty Trust (VNO - Free Report) , each carrying a Zacks Rank of 2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for LAMR’s 2026 FFO per share is pegged at $8.81, which indicates year-over-year growth of 6.66%.
The Zacks Consensus Estimate for VNO’s full-year FFO per share is pinned at $2.34, which calls for an increase of 0.86% from the year-ago period.
Note: Anything related to earnings presented in this write-up represents FFO, a widely used metric to gauge the performance of REITs.
Cboe Global Markets v 1. čtvrtletí zvýšil čisté tržby o 29 % na 728,9 mil. USD, tažené deriváty a rekordním objemem opcí SPX. Akcie přesto za měsíc spadly o 28,4 %.
Key Takeaways CBOE grew Q1 net revenue 29% to $728.9M, led by a 32% increase in derivatives revenue.Cboe's SPX options reached record volume, while Data Vantage revenue climbed to $181.3M.CBOE is cutting costs through restructuring and had $569.4M remaining for share repurchases. Cboe Global Markets, Inc. (CBOE - Free Report) shares have lost 28.4% over the past month compared with the industry's decline of 10%.
The stock has been weighed down by concerns over its valuation compression, competitive threats, and selling pressure after a strong rally that reached a 52-week high in May. Investor sentiment has also been affected by market-share erosion and expectations of lower market volatility that could reduce trading activity. However, the solid earnings growth, record trading volumes, a profitable derivatives and market-data business, and prudent capital deployment position the company well for long-term growth.
Shares of some of its peers, including Intercontinental Exchange Inc. (ICE - Free Report) , CME Group Inc. (CME - Free Report) , and Nasdaq, Inc. (NDAQ - Free Report) , have lost 14.1%, 15.8% and 9.2%, respectively, in the past month.
1-Month Price Performance: CBOE, ICE, CME, NDAQ & Industry
Image Source: Zacks Investment Research
CBOE’s Average Target Price Suggests UpsideBased on short-term price targets offered by 14 analysts, the Zacks average price target is $317.50 per share. The average suggests a potential 24% upside from the last closing price.
Image Source: Zacks Investment Research
CBOE ValuationShares of Cboe Global are currently trading at a discount. Its forward price-to-earnings (P/E) ratio is 18.69X, which is below the industry average of 18.72X.
Image Source: Zacks Investment Research
Shares of Intercontinental Exchange are trading at a discount, while CME and Nasdaq are trading above the industry average.
CBOE’s Growth Projection EncouragesThe Zacks Consensus Estimate for Cboe Global’s 2026 earnings per share (EPS) indicates a year-over-year increase of 25%. The consensus estimate for revenues is pegged at $2.75 billion, implying a year-over-year improvement of 13.1%.
The consensus estimate for 2027 EPS and revenues indicates an increase of 5.5% and 2.9%, respectively, from the corresponding 2026 estimates.
Earnings have grown 14.7% in the past five years, better than the industry average of 10.6%. The expected long-term earnings growth rate is 16.8%, %, better than the industry average of 12.2%. It also has a Growth Score of A.
Optimist Analyst Sentiment on CBOE10 analysts covering the stock have raised estimates for 2026 and 2027 over the past 60 days, with no downward revisions. Thus, the Zacks Consensus Estimate for 2026 and 2027 earnings has moved up 8.8% and 9.1%, respectively, over the same period.
CBOE’s Favorable Return on CapitalReturn on equity for the trailing-12 months was 24.9%, which compared favorably with the industry’s average of 16%. This reflects its efficiency in utilizing shareholders’ funds.
Return on invested capital in the trailing-12 months was 14.6%, better than the industry average of 6.7%, reflecting CBOE’s efficiency in utilizing funds to generate income.
What Drives CBOE’s Growth?Cboe Global’s organic strength lies in a diversified business mix that ensures uninterrupted revenue generation and recurring non-transaction revenues. The company is sharpening its focus on core derivatives, data, clearing and off-exchange businesses through portfolio optimization, including the planned sale of its Canada and Australia operations. At the same time, CBOE is investing in high-growth opportunities such as prediction markets, tokenized products and expanded clearing services.
Trading activity across Cboe’s derivatives complex continues to be the primary organic growth engine. Net revenue rose 29% year over year to $728.9 million, with derivatives net revenue up 32% in the first quarter of 2026. Proprietary SPX options set another quarterly record with average daily volume up 34% year over year to 4.9 million contracts, supported by both shorter-dated and longer-dated demand as market conditions shifted. Management raised its 2026 organic total net revenue growth target to low double-digit to mid-teens.
Growing demand for market data, connectivity services and analytics solutions is driving solid growth in the Data Vantage segment. In the first quarter of 2026, Data Vantage revenue increased to $181.3 million from $152.5 million a year ago, supported primarily by new customer additions and increased product adoption. Management lifted its 2026 Data Vantage organic net revenue growth target to low double-digit.
The multi-quarter realignment is now paired with additional actions aimed at reducing complexity and improving execution. Management expects these initiatives to reduce its workforce by approximately 20% and be substantially completed by the end of 2026. Management also lowered 2026 expense guidance and expects meaningful savings from restructuring initiatives.
CBOE’s strategic investments are well supported by solid capital management. The company has been strengthening its balance sheet with a strong cash position supporting continued investment in technology, sales and product initiatives as well as capital returns, while lowering its debt balance. As of March 31, 2026, it had $569.4 million remaining under existing share repurchase authorizations.
ConclusionCboe Global’s growth strategy of expanding its product line across asset classes, broadening geographic reach, diversifying the business mix with recurring revenues, and leveraging technology reflects its operational expertise. A VGM Score of B instils optimism.
Coupled with cheap valuation, optimistic analyst sentiment, favorable ROE and favorable growth estimates, the time appears right for potential investors to bet on this Zacks Rank #1 (Strong Buy) insurer. You can see the complete list of today’s Zacks #1 Rank stocks here.
Quest Diagnostics vykázala v prvním čtvrtletí silný růst tržeb z lékařského kanálu a dvouciferný růst tržeb testu AD-Detect na Alzheimerovu chorobu. Zároveň ale zůstává problémem vysoké zadlužení.
Key Takeaways DGX posted strong physician channel growth and expanded hospital and consumer testing initiatives.DGX saw double-digit AD-Detect blood test revenue growth and expanded oncology MRD offerings.DGX is advancing AI, automation and Project Nova while managing a sizable debt load. Quest Diagnostics (DGX - Free Report) is well-poised for growth in the coming quarters, supported by its continued focus on meeting the evolving needs of its core customers — physicians, hospitals and consumers. The company is seeing continued momentum in Advanced Diagnostics, including the strong uptake of the AD-Detect blood test. Efforts to drive operational improvements through the adoption of AI, automation and other technologies also sound very encouraging. Yet, Quest Diagnostics’ solvency level remains a concern. Macroeconomic pressures can weigh on its operations, too.
Over the past year, this Zacks Rank #3 (Hold) stock has rallied 7.7% compared with the industry’s 8.2% growth and the S&P 500 composite’s 23.2% rise.
The renowned provider of diagnostic information services has a market capitalization of $21.59 billion. Quest Diagnostics has an earnings yield of 5.50%. The company’s earnings surpassed estimates in each of the trailing four quarters, delivering an average surprise of 3.50%.
Tailwinds Supporting DGXGrowth Momentum in Base Business: Quest Diagnostics delivered high single-digit growth in physician channel revenues in first-quarter 2026, driven by strong demand for innovative testing solutions, expanded health plan access and enterprise account growth. The company also recorded growth in end-stage renal disease, a newer clinical area focused on lab testing for dialysis patients. Volume growth was driven by Fresenius Medical Care’s dialysis network and contributions from newly added independent dialysis clinics and other providers.
In the hospital channel, the company’s flexible solutions allow customers to free up capital while accessing diagnostic innovation and expertise. In early 2026, Quest Diagnostics began scaling its Co-Lab Solutions, including reference laboratory testing, professional laboratory management services, laboratory workforce and supply-chain management, and analytics across all 21 hospitals of Corewell Health.
Image Source: Zacks Investment Research
The consumer-testing platform, QuestHealth.com, continues to gain strong momentum. Quest Diagnostics is deepening partnerships with leading consumer health and wellness brands like WHOOP and OURA Health, integrating its extensive laboratory testing and technology directly into their mobile platforms.
Strong Potential of Advanced Diagnostics: Quest Diagnostics drives growth across its customer channels through fast-growing, advanced diagnostics spanning five clinical areas — advanced cardiometabolic, autoimmune, brain health, oncology, and women's and reproductive health. In brain health, revenues from the AD-Detect blood test for Alzheimer's disease continued to grow at a double-digit rate in the first quarter of 2026.
The cardiometabolic and endocrine portfolio growth was driven by robust demand for tests of Lp(a) and ApoB, as well as for kidney, liver and reproductive hormones.
In oncology, the company continues to build its presence in blood-based minimal residual disease (MRD) testing. In January 2026, new research presented at the ASCO Gastrointestinal Cancers Symposium highlighted the strong clinical value of Quest Haystack MRD in monitoring colorectal cancer. The company also launched the Flow Cytometry MRD blood test for myeloma.
Operational Excellence, a Strategic Priority: Quest Diagnostics’ Invigorate program consistently targets 2% annual savings through structured plans to drive savings and improve productivity across the value chain. The company is deploying automation and AI technologies to improve quality, service, efficiency and the workforce experience. The new Quest AI Companion tool transforms complex biomarker data and reference ranges on test reports into clear, plain language. Quest Diagnostics is scaling the planning and design work for Project Nova, a multi-year initiative to transform its order-to-cash processes and systems and is on track to implement the first wave of solutions in the fall of 2027.
What Ails DGX?Escalating Debt Level: At the end of the first quarter of 2026, long-term debt totaled $5.16 billion, while the cash and cash equivalent balance was only $393 million. The current portion of the debt was $503 million. Debt-to-capital ratio was 42.5%, down sequentially 1.6%. A higher debt level induces higher interest payments, which come along with the risk of failure to pay the same. The times interest ratio, which indicates the company’s capacity to pay interest, was 6.3% in the quarter.
Unstable Macroeconomic Backdrop: As the U.S. healthcare system continues to evolve, Quest Diagnostics faces several inherent risks. Government payers, such as Medicare and Medicaid, have taken steps to reduce the utilization and reimbursement of healthcare services, including clinical testing services. The industry-wide trend of consolidation has resulted in larger insurance plans with significant bargaining power, making it difficult for Quest Diagnostics to negotiate fee arrangements and possibly limiting access to its newer innovative solutions. With the new U.S. administration in place, any changes in U.S. healthcare regulation could have a material adverse effect on the company’s business.
DGX Stock Estimate TrendThe Zacks Consensus Estimate for Quest Diagnostics’ 2026 earnings per share (EPS) has remained constant at $10.72 in the past 30 days.
The consensus estimate for the company’s 2026 revenues is pegged at $11.83 billion. This suggests 7.2% growth from the year-ago reported number.
Key PicksSome better-ranked stocks in the broader medical space are Globus Medical (GMED - Free Report) , Align Technology (ALGN - Free Report) and Integra LifeSciences (IART - Free Report) .
Globus Medical has an earnings yield of 5.9% compared to the industry’s negative 3.5% yield. Its earnings surpassed estimates in each of the trailing four quarters, with the average surprise being 26.3%. GMED shares have rallied 35% against the industry’s 6.3% fall over the past year.
GMED sports a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Align Technology, sporting a Zacks Rank #1, has an estimated long-term earnings growth rate of 10.3% compared with the industry’s 5.5% growth. Shares of the company have dropped 6.8% against the industry’s 7.8% growth. ALGN’s earnings outpaced estimates in three of the trailing four quarters and missed on one occasion, the average surprise being 7.8%.
Integra LifeSciences, carrying a Zacks Rank #2 (Buy), has an earnings yield of 13.6% against the industry’s negative 3.5% yield. Its earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 16.7%. IART shares have rallied 48.3% against the industry’s 6.4% decline over the past year.
Quest Diagnostics získala v New Yorku schválení pro test Haystack MRD na ctDNA, který pomáhá odhalit zbytkové nebo vracející se onemocnění u solidních nádorů. Test je nyní povolen pro pacienty ve všech 50 státech USA.
Achieving the rigorous laboratory standard broadens access for providers and patients in New York; applies to use of Haystack MRD for patients with solid tumor cancers
, /PRNewswire/ -- Quest Diagnostics® (NYSE: DGX), a leading provider of diagnostic information services, today announced that the New York State Department of Health's (NYSDOH) Clinical Laboratory Evaluation Program (CLEP) has approved the company's Haystack MRD® test, a circulating tumor DNA (ctDNA) liquid biopsy test, for use in identifying residual or recurring disease in patients with a range of solid tumor cancers.
New York maintains a highly rigorous clinical laboratory oversight program, requiring formal technical review and approval of laboratory developed tests before they may be offered to patients in the state. With this approval, Haystack MRD is now authorized for patient testing in all 50 U.S. states. The test was developed under CLIA regulations and has been available for clinician ordering since late 2024 in 49 states and the District of Columbia.
"This approval represents the culmination of our many years of hard work and commitment to delivering a highly accurate test that can meaningfully improve patient care," said Dan Edelstein, Vice President and General Manager for Haystack Oncology, a Quest Diagnostics company. "Haystack MRD was designed to give oncologists the confidence to detect residual disease earlier, catch recurrence before it becomes clinically apparent, and help identify response to treatment. New York's approval is another proof point for Haystack MRD's quality and technical sophistication, and we look forward to extending access to this important innovation for clinicians and patients in the state."
In addition, Haystack MRD's clinical utility has been demonstrated in rigorous investigational settings, including the landmark study of non-operative management of patients with locally advanced mismatch repair–deficient (dMMR) solid tumors, which was led by Dr. Andrea Cercek and colleagues at Memorial Sloan Kettering Cancer Center and published in The New England Journal of Medicine in May 2025. In that study, ctDNA testing, using Haystack MRD, was found to be a "reliable liquid biopsy surrogate" that identified clinical complete response at a median of 1.4 months, compared to more than 6 months using imaging methods.
"In our study of non-operative management for dMMR solid tumors, the use of MRD testing provided additional molecular information that complemented traditional assessments such as imaging and endoscopy," said Dr. Cercek, Medical Oncologist, Memorial Sloan Kettering Cancer Center. "For patients who may avoid surgery, having multiple tools to evaluate treatment response and monitor for recurrence is important. These findings highlight the crucial role of MRD testing in informing patient management and underscore the need for continued study as these approaches are integrated into clinical practice."
About Haystack Oncology
Haystack Oncology represents the culmination of over 20 years of collaboration to advance technical and clinical development in liquid biopsy technologies by cancer genomics pioneers at Johns Hopkins School of Medicine. The company, a wholly owned subsidiary of Quest Diagnostics, developed Haystack MRD, a tumor-informed, next-generation MRD test that detects ultralow levels of ctDNA to uncover residual or recurrent disease with exceptional sensitivity and specificity. Haystack Oncology works with biopharmaceutical companies to accelerate and inform clinical development programs and advance important therapeutics to global markets, from early phase clinical development to companion diagnostics. Haystack MRD was developed and validated in a CLIA-certified laboratory and is available for commercial use as a lab-developed test (LDT) by Quest Diagnostics. The FDA granted Haystack MRD Breakthrough Device Designation in 2025 for use in Stage II colorectal cancer. Haystack MRD is also available for clinical trials as an investigational device by Haystack Oncology in laboratories located in Baltimore, Maryland; Hamburg, Germany; and Helsinki, Finland. www.haystackmrd.com
About Quest Diagnostics
Quest Diagnostics works across healthcare to create a healthier world, one life at a time. We connect people, from clinicians to consumers, with laboratory insights that illuminate a path to better health. With a focus on delivering smarter, simpler testing, we help reveal new avenues to identify and treat disease, empower healthy behaviors and improve healthcare management. Quest Diagnostics serves half the physicians and hospitals in the United States and one in three American adults each year, and our nearly 57,000 employees work together to deliver diagnostic insights that inspire actions to transform lives. www.QuestDiagnostics.com
Duquesne Family Office Stanleyho Druckenmillera nově přidala Arm Holdings a drží Sea Limited i STMicroelectronics. Všechny tři sázejí na AI výpočetní kapacitu napříč datovými centry a digitálními službami.
Stanley Druckenmiller’s Duquesne Family Office disclosed positions in Arm Holdings (NASDAQ: ARM | ARM Price Prediction), Sea Limited (NYSE: SE), and STMicroelectronics (NYSE: STM) in its Q1 2026 13F, filed May 15, 2026. According to the filing, Arm was an addition during the quarter at roughly a 0.5% portfolio weight, while Sea and STMicro were larger existing positions at approximately 2.7% each. Because 13Fs are point-in-time snapshots reported about 45 days after quarter end, these reflect holdings only as of March 31 and may have changed since.
The connecting thesis across all three is AI compute at different points on the value chain: Arm’s CPU intellectual property for hyperscaler data centers, STMicro’s specialty silicon and AWS data center partnership, and Sea’s AI-enabled commerce, fintech, and gaming ecosystem in Southeast Asia and Latin America.
Arm Holdings: An Add, but the Math Is Stretched Bull case: Arm posted Q4 FY2026 revenue of $1.49 billion, up 20.1% year over year, with non-GAAP EPS of $0.60 and data center royalty revenue more than doubling. CEO René Haas framed “Arm AGI CPU” demand as exceeding expectations, with more than $2 billion in customer commitments across FY27 and FY28. Analyst sentiment is overwhelmingly bullish.
Bear case: The stock is up 267.8% year to date to $407.72. The Wall Street consensus target is $281.58, roughly 30.9% below the current price, while our model’s base case target is $412.58, implying just 1.2% upside. With a P/E near 474 and a beta of 3.79, the margin of safety is thin.
Sea Limited: Held, Not Added, but the Setup Improved Bull case: Sea delivered Q1 2026 revenue of $7.10 billion, up 46.6% year over year, with Shopee GMV of $37.3 billion (up 30.2%) and Monee loans outstanding of $9.9 billion, up 71.3%. Analysts skew strongly positive, with a target price of $140.50, against a current price of $89.04. The forward P/E of 31 looks reasonable for this growth rate.
Bear case: Shares are down 30.6% year to date and 42.0% over one year, and Q1 EPS of $0.67 missed the $0.77 estimate by 13.0% as reinvestment compressed margins.
STMicroelectronics: Held, and the Story Has Re-Rated Bull case: The multi-year, multi-billion-dollar AWS engagement reframes STMicro as an AI infrastructure name, and CEO Jean-Marc Chery has guided data center revenue to above $500 million in 2026 and well above $1 billion in 2027. Shares are up 206.6% year to date to $79.91.
Bear case: The consensus analyst target of $64.36 sits below the current price, the trailing P/E is 490, and quarterly earnings growth was negative 33.3% year over year.
The Verdict for Retirement-Focused Investors Druckenmiller’s disclosed Q1 positioning is best read as a research signal for further diligence. Sea offers the cleanest risk/reward: a reasonable forward multiple, unanimous analyst support, and price well below its 52-week high. STMicro’s AWS story is compelling, but the recent rally has already priced in much of the optionality. Arm is the hardest to follow at current levels, where even bullish analysts model meaningful downside. These are research starting points worth deeper due diligence, not templates for portfolio action.
Trace Neuroscience zahájila globální klinický program pro TRCN-1023 u ALS, včetně fáze 1/2 FUNCTION ALS v Evropě a studie LAUNCH ALS v Číně. První pacienti už dostali dávku.
Phase 1/2 FUNCTION ALS trial initiated in Europe with additional global regions anticipated in 2026
First patients dosed in LAUNCH ALS, an investigator-initiated trial in China conducted in partnership with Tenacia Biopharmaceutical, to support accelerated global clinical development strategy
TRCN-1023 is designed to restore function of the UNC13A protein, a genetically validated target in 97% of people living with ALS
SOUTH SAN FRANCISCO, Calif.--(BUSINESS WIRE)--Trace Neuroscience, Inc., a biopharmaceutical company expanding the promise of genomic medicine for people living with neurodegenerative diseases, today announced the initiation of its global clinical development program for TRCN-1023, an investigational antisense oligonucleotide (ASO) designed to restore UNC13A protein function for the treatment of amyotrophic lateral sclerosis (ALS).
The global TRCN-1023 clinical program includes the Phase 1/2 FUNCTION ALS trial, which has received clinical trial authorization in the United Kingdom and Netherlands, as well as LAUNCH ALS, an investigator-initiated trial (IIT) underway in China. The LAUNCH ALS trial is being conducted in partnership with Tenacia Biopharmaceutical, which provides deep expertise in neuroscience drug development and operational execution in China, and in collaboration with principal investigator Yilong Wang, M.D., Ph.D. at Beijing Tiantan Hospital, a leading neurological hospital in China. The first patients were dosed in LAUNCH ALS earlier this month.
“Our team helped establish UNC13A as one of the most compelling genetically validated targets in ALS, and we built Trace Neuroscience to translate that biology into a medicine,” said Eric Green, M.D., Ph.D., co-founder and CEO of Trace Neuroscience. “We are thrilled to now be advancing TRCN-1023 into the clinic with a global early development strategy that is poised to generate a robust clinical data package with the urgency that ALS demands.”
TRCN-1023 is a highly potent and durable ASO designed to re-establish healthy communication between nerves and muscle cells. Administered by intrathecal injection, TRCN-1023 is a targeted intervention that binds directly to UNC13A messenger RNA to regulate its processing and guide formation of functional UNC13A protein, potentially improving synaptic transmission and thereby nerve and muscle function.
“UNC13A is among the most promising targets in ALS research today with a strong grounding in human genetics and mechanistic biology,” said Dame Pamela Shaw, M.D., Professor of Neurology at the University of Sheffield and FUNCTION ALS Chief Investigator. “There is compelling rationale for restoring this protein's function, which has relevance to the vast majority of ALS patients. I look forward to contributing to a stronger understanding of TRCN-1023’s biological and clinical impact through the FUNCTION ALS trial.”
“People with ALS need meaningful therapeutic innovation beyond today’s limited treatment options. The potency, durability and biological rationale behind TRCN-1023 make it a particularly exciting drug candidate to bring into the clinic,” said Dr. Wang, LAUNCH ALS principal investigator who also serves as Executive Vice President at Beijing Tiantan Hospital and Professor of Neurology at Capital Medical University. “I am proud to partner with the Trace Neuroscience and Tenacia Biopharmaceutical teams to advance this program and accelerate a potential new treatment for people with ALS worldwide.”
About the FUNCTION ALS Phase 1/2 Clinical Trial & LAUNCH ALS IIT
FUNCTION ALS is a global Phase 1/2 randomized, double-blind, placebo-controlled clinical trial evaluating the safety, tolerability, pharmacokinetics, and pharmacodynamic activity of TRCN-1023 in people living with ALS. The study is expected to enroll approximately 30 participants across sites in North America and Europe. Key eligibility criteria include age 18-75, symptom onset within the past two years or less, and slow vital capacity (SVC) of at least 60%. Individuals with SOD1 or FUS mutations are not eligible. Participants will receive TRCN-1023 or placebo, with 24 weeks of follow-up. Designed with input from people living with ALS and their caregivers, FUNCTION ALS incorporates biomarker analyses, digital movement and speech assessments, and operational measures intended to reduce participant burden.
LAUNCH ALS is an IIT conducted in collaboration with principal investigator Dr. Yilong Wang at Beijing Tiantan Hospital to evaluate the safety, tolerability, pharmacokinetics and pharmacodynamic activity of TRCN-1023 in people with ALS. The study is expected to enroll approximately 25 participants. Eligibility criteria for enrollment are consistent with the criteria for the FUNCTION ALS trial.
About ALS
Amyotrophic lateral sclerosis (ALS, also known as motor neuron disease (MND) or Lou Gehrig’s disease), is a progressive and terminal neurodegenerative disease impacting nerve cells in the brain and spinal cord that reduces muscle function and control. As ALS advances, the ability to speak, swallow, move and breathe is increasingly impaired. In the U.S., approximately 30,000 people are living with ALS, and approximately 1 in 400 people will be diagnosed during their lifetime. Sporadic ALS that occurs without a clear family history or identified gene change is the most common form, accounting for 9 out of 10 cases, and has very limited treatment options.
About Trace Neuroscience
Trace Neuroscience is a biopharmaceutical company on a mission to expand the promise of genomic medicine for people living with neurodegenerative diseases. With an initial focus on ALS, the company is developing novel therapies to restore UNC13A protein function to re-establish healthy communication between nerves and muscle cells. Trace Neuroscience launched in 2024 with funding from leading life sciences investors and is headquartered in South San Francisco, California. For more information, please visit www.traceneuro.com and follow the company on LinkedIn and X.
Apollo omezí odkupy v hlavním retailovém private credit fondu Apollo Debt Solutions na 5 % podílů poté, co žádosti o odkup ve 2. čtvrtletí vyskočily na 16,8 %.
Apollo is limiting investor redemptions in its main retail-focused private credit fund after withdrawal requests rose to 17% during the second quarter.
The private markets giant said it will cap withdrawals at 5% of shares in the Apollo Debt Solutions vehicle, after investors rushed to pull out about $2.4 billion, or 16.8%, during the three-month period.
Why Apollo capped withdrawals"Taken together, we expect net outflows from ADS will be approximately $400 million for the second quarter of 2026 and year-to-date, representing 3% of NAV," Apollo said in a filing with the Securities and Exchange Commission published on Monday.
It highlighted a "notable regional split" in second-quarter withdrawal requests, with U.S. onshore clients looking to pull out about 4.3%, while redemptions from offshore investors jumped to 12.5%.
Apollo Global Management.
The move comes after the $26 billion fund — a non-traded business development company which offers wealthy retail investors exposure to higher-yielding private credit assets — said withdrawal requests in the previous quarter rose to more than 11%.
Why private credit funds are under pressureThe redemption spike once again spotlights the liquidity pressures that have engulfed global private markets this year.
So-called 'semi-liquid' private debt vehicles have been subject to a wave of redemption pressure this year, as investors look to pull their money amid growing anxieties over asset quality, and as funds struggle to reconcile the less-liquid nature of private assets and the retail wealth channel.
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Earlier this month, Blackstone said it had restricted investor withdrawals from its flagship $79 billion Blackstone Private Credit Fund, or BCRED, to 5%, after they surged to 10% during the second quarter.
Across the Atlantic, Switzerland's Partners Group recently warned it may curb redemptions in several of its private asset vehicles following a surge in exit requests.
"We're discovering in real time that you can't offer near‑daily liquidity on genuinely illiquid assets without eventually testing the plumbing, and 2026 is the year those structures get rewritten," said Sunaina Sinha Haldea, global head of private capital advisory at Raymond James.
"Redemption pressure in evergreen private credit isn't just a credit story, it's a structural one," Haldea told CNBC via email.
She warned that the 'wrap-it-for-retail-and-the-money-will-come' phase in private credit markets is over, adding that weaker evergreen private credit funds risk facing gates, outflows and lost shelf space, as fundraising consolidates around private markets managers with strong governance, liquidity controls and client education.
Danielle Poli, managing director, co-portfolio manager at Oaktree Capital, said institutional capital was reaffirming its commitment to private credit, in contrast to jitters within the retail wealth channel.
Poli said institutional investors were considering increasing their allocations to the space to take advantage of scarcer capital in the market, adding that the retail wealth component makes up less than a quarter of the private credit market.
"These are longer-term private instruments that give you an attractive yield if you hold them. That's the trade-off," she told CNBC's "Squawk Box Europe" on Tuesday.
Poli said she expected the market to see a degree of differentiation between private asset managers based on their lending discipline, loan terms and how they considered the impact of a different rate environment. "That's very healthy and natural," she added.
Correction: This article was updated to reflect that redemption requests had spiked to 17%. It was also reworded to clarify Apollo is not halting all redemption requests.
Mid-America Apartment Communities nabízí výnos z dividend kolem 4,6 % a podle článku je výplata kryta cash flow. Firma má 27letou sérii bez snížení dividendy a očekává se další růst, i když jen nízkým tempem.
If Mid-America Apartment Communities (NYSE:MAA | MAA Price Prediction) lives up to its billing as a retiree’s hedge against a hawkish Fed, the dividend has to be the load-bearing wall. With the 10-year Treasury at 4.49% and the Warsh Fed potentially pivoting back toward hikes, MAA’s ~4.6% yield on Sun Belt apartments needs to be durable. Let’s see if it is.
Dividend Snapshot Metric Value Annual Dividend $6.12 per share Dividend Yield ~4.6% Consecutive Quarterly Payments 128 Consecutive Annual Increases ~15 years Most Recent Raise ~1% (Dec 2025) Aristocrat Status No (not yet) Core FFO Cleanly Outruns the Payout REIT dividends are funded by cash flow rather than GAAP earnings, so the headline payout ratio looks scary until you adjust. The $6.12 dividend against FY2025 GAAP EPS of $3.78 is over 100%, normal for a depreciation-heavy REIT. What matters is Core FFO.
Metric Value Assessment FFO Payout Ratio (2025) ~70% Healthy AFFO Payout Ratio (2025) ~78.6% Adequate 2026 FFO Payout (Guided) ~71.7% Healthy Management’s 2026 Core FFO midpoint of $8.53 leaves roughly $2.41 per share above the dividend. That cushion absorbs the $0.25/share interest expense headwind from refinancing without breaking a sweat.
Balance Sheet Built for a Hawkish Fed Metric Value Assessment Net Debt/EBITDA 4.5x Manageable Avg Debt Maturity 6.1 years Strong Effective Rate on Debt 3.9% Locked in low Liquidity ~$840M cash + revolver capacity Solid buffer With debt locked at 3.9% for an average of 6.1 years, a Warsh rate-hike scenario pressures the refinancing math at the margin while leaving the dividend intact.
A 27-Year Streak Without a Cut Year Annual Dividend 2026 $6.12 2025 $6.06 2024 $5.88 2023 $5.60 2022 $4.78 MAA paid through 2008-2009 without a cut and has hiked every year since 2010. Recent growth has decelerated to ~1%, which is the fair tradeoff for a payout that’s never been broken.
Management’s Dividend Doctrine CEO Brad Hill on the Q1 2026 call: “We’re really focused on generating high-quality compounding earnings growth that supports a steady and growing dividend. We really think that’s the best way to drive total shareholder return over the full cycle.” COO Tim Argo reported Q1 2026 occupancy at 95.5% and net delinquency at just 0.3% of billings. Those are the numbers that fund the check.
Verdict: Safe, With Slow Growth Baked In Dividend Safety Rating: Safe. The ~72% FFO payout, 4.5x leverage, and Sun Belt demand backdrop (deliveries down 40% YoY) all point one way. The income case holds up for investors who can accept low-single-digit raises while supply digests through 2027. The risk case sharpens if a hawkish Fed crushes job growth in Texas and Florida, since blended lease pricing is already running negative 0.3%. On balance, this dividend is built to outlast the rate cycle.
Burlington zvýšil celoroční upravený odhad EPS na 11,45 až 11,80 USD po silném čtvrtletí. Tržby vzrostly o 14 % na 2,85 miliardy USD a srovnatelné tržby o 6 %.
This is a fair market value price provided by Massive. Learn more.
52-Week Range$222.48▼
$351.85P/E Ratio35.09
Price Target$353.56
Frugal shoppers continue to spend, and Burlington Stores NYSE: BURL continues to benefit.
By selling branded clothing, footwear, accessories, and home merchandise at prices well below traditional retailers, Burlington is delivering exceptional sales, earnings, and store expansion as a standout off-price retailer. Investors have noticed, sending the stock price surging over the past year.
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But with higher valuation and rising expectations, the richly valued stock leaves little room for error. Investors looking to get in now need to balance the presence of cyclical risk and fierce competition with the prospects of a well-run company with proven results.
Burlington Delivers Another Strong QuarterSo far this year, the news remains positive. In fact, the company’s recent three-month results, reported in late May, were strong enough to lead to a higher full-year forecast.
With more than 1,200 off-price stores across the country, Burlington said total sales in its first fiscal quarter rose 14% to $2.85 billion, and comparable store sales, or stores that have been open for more than a year, increased 6%. Both were signs that customer traffic and the company’s pricing and selection strategies were working even with more demanding consumers.
Net income for the quarter came in at $115 million compared with $101 million in the year-ago period. Diluted earnings per share (EPS) rose to $1.79 from $1.58 a year earlier, while adjusted earnings came in at $128.9 million, or $2.01 per share, up 26%, and well above the company's own previous guidance of $1.60 to $1.75. It was the company's 14th consecutive quarter of double-digit earnings-per-share growth, the company said, signaling better operations beyond a single-quarter jump.
Indeed, the latest quarter continued a performance that was playing out last year. Burlington closed fiscal 2025 with total sales up 9%, comparable store sales up 2%, net income of $610 million, and an EPS of $9.51. In the fourth quarter of fiscal 2025 alone, sales rose 11%, comparable sales increased 4%, and earnings per share reached $4.84, up 20%.
Margins and Guidance Continue to ImproveBurlington's core business is buying branded goods when available, moving it quickly through its stores, and keeping prices under control. When the three steps work together, growing margins are key to converting sales into higher profits. Formerly known as the Burlington Coat Factory, the company has more recently shifted from e-commerce exposure to all-in-store experiences with some smaller-format store strategies.
The company showed that its strategy is working. Gross margin in the first quarter expanded to 44.1% from 43.8% a year earlier. The margin in the preceding three months was 80 basis points higher than the year before. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) in the first quarter rose more than 16% to $284 million.
Management's response to the first-quarter results reinforced these increases. With the first-quarter results, Burlington raised its full-year fiscal 2026 adjusted EPS guidance to a range of $11.45 to $11.80, up from levels set three months earlier. This fiscal year’s projection compares with an adjusted EPS of $10.17 last year.
A Premium Valuation Limits UpsideOverall MarketRank™83rd Percentile
Analyst RatingModerate Buy
Upside/Downside3.8% Upside
Short Interest LevelHealthy
Dividend StrengthN/A
News Sentiment0.76 Insider TradingSelling Shares
Proj. Earnings Growth15.37%
See Full Analysis
Investors have been noticing. The stock is up more than 16% this year and nearly 50% over the past year.
Its current price-to-earnings (P/E) ratio is above 34, with a trailing EPS of $9.73, meaning there’s little room for error as the rest of the year plays out.
Analyst sentiment remains positive, though the expected upside is limited.
Burlington carries a Moderate Buy consensus based on 15 buy ratings and five hold ratings, with an average price target of $353.56, a high target of $411, and a low target of $310.
With shares recently trading around $340, the consensus price amounts to little more than a 5% gain.
Competition and Economic Risks RemainRetail also carries risks of its own. Burlington competes with some formidable opponents. TJX Companies NYSE: TJX and Ross Stores NASDAQ: ROST, both with larger reach, more established buying organizations, and deeply ingrained customer habits.
Off-price retail requires ongoing competition for branded closeouts, inventory updates, and a balanced execution with thousands of daily decisions. While Burlington has been closing the gap with its larger peers, the margin for error is narrow.
The retail sector also contains macroeconomic risk. If inflation, wholesale costs, or a softening labor market begin to squeeze off-price traffic, even a well-run Burlington can feel pinched through smaller basket sizes, more markdown pressures, and more competition for value-oriented shoppers.
Patience May Be RewardedInvestors should recognize that Burlington is a capital appreciation story. It does not pay a dividend, and the return investors receive depends on earnings growth and the market's acceptance of a P/E value slightly above its two top competitors.
Burlington's first-quarter fiscal 2026 report did much to strengthen its execution success. But the stock is well-valued while the economy and competition remain ever-potent factors.
For investors who can accept cyclical risk and are looking to capture a core slice of the American consumer, patience and stock pullbacks could provide a welcome bargain for this off-price retailer.
Should You Invest $1,000 in Burlington Stores Right Now?Before you consider Burlington Stores, you'll want to hear this.
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Urban Outfitters v 1. čtvrtletí překonal odhady: EPS vzrostl na 1,30 USD a tržby dosáhly 1,4813 mld. USD. Firma zároveň ve 2. čtvrtletí očekává růst celkových tržeb v horní jednociferné oblasti.
It has been about a month since the last earnings report for Urban Outfitters (URBN - Free Report) . Shares have added about 3.6% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Urban Outfitters due for a pullback? Well, first let's take a quick look at the latest earnings report in order to get a better handle on the recent catalysts for Urban Outfitters, Inc. before we dive into how investors and analysts have reacted as of late.
URBN Q1 Earnings Beat Estimates on Strong Retail & Subscription GrowthUrban Outfitters reported strong first-quarter fiscal 2027 results, wherein earnings and revenues surpassed the Zacks Consensus Estimate. Also, both metrics improved from the prior-year quarter’s reported figures. The company delivered record first-quarter sales and profits, marking its seventh consecutive quarter of record performance.
Management highlighted that broad-based momentum across the Retail, Subscription and Wholesale segments, along with disciplined execution and strong customer engagement, supported the quarter’s performance.
URBN’s Quarterly PerformanceThis lifestyle specialty retailer delivered earnings per share of $1.30, rising 12.1% year over year and surpassing the Zacks Consensus Estimate of $1.20 by 8.3%. Net sales increased 11.4% year over year to $1,481.3 million, beating the consensus mark of $1,456 million by 1.7%. Strength spanned Retail, Wholesale and Subscription, supported by positive comparable sales at all retail brands and continued subscriber growth at Nuuly.
Total Retail segment net sales rose 8% year over year to $1.22 billion, while comparable Retail segment sales increased 5.6%. Growth in comparable sales was driven by high-single-digit gains in digital channel sales and mid-single-digit growth in retail store sales. The Comparable Retail segment sales increased 9.8% at FP Group, 9.3% at Urban Outfitters and 1.9% at Anthropologie.
Within the FP Group, total sales increased 16.6% year over year to $411.7 million due to continued momentum across both Wholesale and Retail segments. Free People brand sales increased 12%, while FP Movement brand sales jumped 32% during the quarter.
The Wholesale segment posted net sales growth of 24.8% to $93.2 million, driven by a 26.2% increase in FP Group wholesale revenues due to higher sales to specialty customers.
Nuuly, the company’s women’s apparel subscription rental service, continued to witness strong momentum. Subscription segment net sales increased 34.5% year over year to $167.3 million, driven by a 33.3% increase in average active subscribers from the prior-year quarter.
Urban Outfitters Sees Gross Margin Dip on Prior-Year BenefitGross profit rose 10.9% year over year to $542.6 million in the fiscal first quarter, mainly driven by higher net sales during the period. However, the gross margin declined 16 basis points year over year to 36.6%. This decrease was largely due to a one-time gain of $4.8 million, or 36 basis points, recognized in the prior-year quarter that did not repeat this quarter. Excluding this item, the underlying gross margin expanded by 20 basis points, supported by lower markdowns at FP Group and Urban Outfitters, partly offset by deleveraging in initial merchandise costs related to tariffs.
The Retail segment gross profit increased 7% year over year to $460.9 million, though the segment gross margin slipped 18 bps to 37.7%. The Wholesale segment’s gross profit rose 31% to $33.8 million, with the gross margin expanding 178 bps to 36.3%, driven by higher sales to regular-price customers. Subscription segment gross profit climbed 39% to $47.9 million, while the segment gross margin improved 85 bps to 28.7%.
Selling, general and administrative (SG&A) expenses increased 11.7% year over year to $402.9 million. The increase was primarily driven by higher store payroll expenses to support the Retail segment sales growth, increased marketing investments to support customer acquisition and sales growth in the Retail and Subscription segments, and higher technology investments tied to AI initiatives.
As a percentage of net sales, SG&A expenses deleveraged 5 bps to 27.2%. The quarter included a benefit of $6.9 million, or 47 bps, related to the reversal of a litigation accrual, partially offset by deleverage from higher marketing and technology spending.
URBN reported operating income of $139.7 million, up 8.9% from $128.2 million in the prior-year quarter. However, the operating margin contracted 22 bps year over year to 9.4%, reflecting SG&A deleverage despite higher gross profit dollars.
Urban Outfitters Showcases Store GrowthIn the first quarter of fiscal 2027, the company opened 11 stores and closed three stores. Store openings included two Anthropologie, three Free People and six FP Movement stores, while closures included one Free People, one Urban Outfitters and one Menus & Venues location.
The company plans to open 54 stores and close around 19 stores in fiscal 2027. Net new store growth will be primarily driven by the expansion of FP Movement, Free People and Anthropologie locations. Specifically, the company intends to open 21 FP Movement, 12 Free People, 13 Anthropologie and eight Urban Outfitters stores in fiscal 2027.
Urban Outfitters’ Financial Health SnapshotAs of April 30, 2026, Urban Outfitters had cash and cash equivalents of $301.4 million compared with $189.4 million in the prior-year period. Total shareholders’ equity stood at $2.61 billion as of the quarter-end. As of April 30, 2026, total inventory increased 9.5% from the prior-year period. The Retail segment’s inventory rose 10.6%, while comparable Retail segment inventory increased 10%. In contrast, the Wholesale segment’s inventory declined 1.2%. The increase in the Retail segment inventory was primarily driven by higher net sales and early inventory receipts aimed at mitigating potential shipping disruptions related to the Middle East conflict.
During the first quarter of fiscal 2027, the company repurchased and retired 4.6 million shares for approximately $300 million. As of April 30, 2026, 10 million common shares remained authorized for repurchase under the existing program.
URBN Lays Out Q2 TargetsUrban Outfitters’ management expects second-quarter fiscal 2027 total company sales to grow in the high-single-digit range, supported by continued momentum across the Retail, Wholesale and Subscription businesses.
The Retail segment’s comparable sales are projected to increase in the mid-single-digit range, driven by high-single-digit positive comparable sales growth at Urban Outfitters and FP Group, while Anthropologie is expected to deliver low to mid-single-digit positive comparable sales growth. Nuuly is expected to post mid to high-20% revenue growth on the back of continued subscriber momentum, while the Wholesale segment is projected to generate mid-teens growth.
For the fiscal second quarter, URBN expects the gross profit margin to be flat to decline 25 basis points year over year. The anticipated pressure primarily reflects lower initial merchandise margins due to higher tariffs than the last year, along with elevated fuel surcharge costs tied to the Middle East conflict.
Management noted that current oil surcharges are expected to remain in place for the remainder of fiscal 2027 and are estimated to create a 70-basis-point unfavorable impact per quarter through higher inbound freight and delivery expenses.
Management expects fiscal second-quarter SG&A growth to be at or slightly ahead of sales growth due to higher marketing investments across brands to support customer acquisition, along with increased technology and AI-related investments.
URBN’s FY27 OutlookFor fiscal 2027, management continues to expect positive high-single-digit total company sales growth. This outlook is expected to be supported by mid-single-digit Retail segment comparable sales growth, mid-20% revenue growth at Nuuly and high-single-digit growth in the Wholesale segment.
URBN expects the fiscal 2027 gross profit margin to increase by 25 basis points year over year, with the second half anticipated to benefit from improved initial merchandise margins. The company also expects to receive $100 million in tariff refunds in the fiscal second quarter related to previously imposed IEEPA tariffs, which management plans to record as a one-time benefit.
For the full year, SG&A growth is expected to be in line with sales growth, while inventory growth is projected to remain at or below the pace of sales growth as the company focuses on improving product turns.
Capital expenditure for fiscal 2027 is planned at approximately $475 million. About 35% of the spending is expected to support retail store expansion and store-related investments, nearly 50% will be allocated toward logistics investments and automation capabilities, while the remaining 15% will support technology initiatives and home office expansion.
Management also expressed confidence in the underlying health of the business, highlighting strong momentum at Free People and FP Movement, continued progress at Urban Outfitters in North America and Europe, improving trends at Anthropologie and Nuuly’s path toward its long-term $1 billion revenue opportunity. The company believes its diversified portfolio positions URBN for continued positive comparable sales growth, margin expansion and record profitability in fiscal 2027.
How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a upward trend in estimates revision.
VGM ScoresAt this time, Urban Outfitters has a average Growth Score of C, however its Momentum Score is doing a lot better with an A. Charting a somewhat similar path, the stock was allocated a grade of B on the value side, putting it in the top 40% for value investors.
Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been trending upward for the stock, and the magnitude of these revisions looks promising. Notably, Urban Outfitters has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry PlayerUrban Outfitters belongs to the Zacks Retail - Apparel and Shoes industry. Another stock from the same industry, Fossil Group (FOSL - Free Report) , has gained 5.2% over the past month. More than a month has passed since the company reported results for the quarter ended March 2026.
Fossil Group reported revenues of $224.8 million in the last reported quarter, representing a year-over-year change of -3.6%. EPS of -$0.03 for the same period compares with -$0.10 a year ago.
For the current quarter, Fossil Group is expected to post a loss of $0.29 per share, indicating a change of -190% from the year-ago quarter. The Zacks Consensus Estimate has changed -81.3% over the last 30 days.
Fossil Group has a Zacks Rank #2 (Buy) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of D.
, /PRNewswire/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ: CSIQ) today announced the launch of its new TOPCon 3.0 high-power-density photovoltaic module, tailored for utility-scale power plants as well as commercial and industrial (C&I) PV systems. With a power output of up to 670 Wp and a conversion efficiency of up to 24.8%, the new product is scheduled for global mass shipment starting in August 2026.
The TOPCon 3.0 high-power-density module delivers higher energy yield and lower Levelized Cost of Electricity (LCOE), improving project economics and long-term returns.
Higher power density: With a power output of up to 670 Wp, the module features a multi-cut technology based on large-format rectangular cells and enhanced light utilization, while maintaining a standard module size of 2382 × 1134 × 30 mm for optimum logistics and easy system integration.
Higher bifaciality: Cell poly-patterned technology and optimized back-side design enable PV module bifaciality of up to 90%, delivering an additional 0.4%–0.5% system-level energy gain.
Lower temperature coefficient: Advanced passivation technologies on cell edge and surface lower the PV module temperature coefficient to -0.26%/°C, improving PV system performance in high-temperature environments.
Together, these advanced cell and module technologies deliver high reliability and reduce degradation to ≤1% in the first year and 0.35% annually thereafter, ensuring over 88.85% output after 30 years.
For demanding conditions such as glare-sensitive, high-load, corrosive, and dusty environments, the TOPCon 3.0 module portfolio can be equipped with anti-glare glass, IoT (Internet of Things)-enabled junction box, and steel, composite, or anti-dust frames, enhancing PV system safety and visibility.
Dr. Shawn Qu, Executive Chairman and Chief Technology Officer of Canadian Solar, said, "With the launch of our TOPCon 3.0 module, we continue to advance high-efficiency PV technology, delivering up to 1.6% higher energy yield and up to 1.4% lower LCOE, translating into stronger lifecycle value and more predictable long-term returns for our global partners."
The TOPCon 3.0 high-power-density module will be showcased at Intersolar Europe from June 23 to 25 in Munich, Germany. Visit Canadian Solar at booth B2.250 to explore the new generation of high-efficiency PV technology.
About Canadian Solar Inc.
Canadian Solar is one of the world's largest solar technology and renewable energy companies. Founded in 2001 and headquartered in Kitchener, Ontario, the Company is a leading manufacturer of solar photovoltaic modules; provider of solar energy and battery energy storage solutions; and developer, owner, and operator of utility-scale solar power and battery energy storage projects. Over the past 25 years, Canadian Solar has successfully delivered nearly 177 GW of premium-quality, solar photovoltaic modules to customers across the world. Through its subsidiary e-STORAGE, Canadian Solar had shipped over 20 GWh of battery energy storage solutions to global markets as of March 31, 2026, and had a $3.5 billion contracted backlog as of May 8, 2026. Since entering the project development business in 2010, Canadian Solar has developed, built, and connected approximately 12.2 GWp of solar power projects and 6.4 GWh of battery energy storage projects globally. Its geographically diversified project development pipeline includes 24 GWp of solar and 81 GWh of battery energy storage capacity in various stages of development. Canadian Solar is one of the most bankable companies in the solar and renewable energy industry, having been publicly listed on the NASDAQ since 2006. For additional information about the Company, follow Canadian Solar on LinkedIn or visit www.canadiansolar.com.
Safe Harbor/Forward-Looking Statements
Certain statements in this press release, including those regarding the Company's expected future shipment volumes, revenues, gross margins, and project sales are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially. These statements are made under the "Safe Harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as "may", "will", "expect", "anticipate", "future", "ongoing", "continue", "intend", "plan", "potential", "prospect", "guidance", "believe", "estimate", "is/are likely to" or similar expressions, the negative of these terms, or other comparable terminology. These forward-looking statements include, among other things, our expectations regarding global electricity demand and the adoption of solar and battery energy storage technologies; our growth strategies, future business performance, and financial condition; our transition to a long-term owner and operator of clean energy assets and expansion of project pipelines; our ability to monetize project portfolios, manage supply chain fluctuations, and respond to economic factors such as inflation and interest rates; our outlook on government incentives, trade measures, regulatory developments, and geopolitical risks; our expectations for project timelines, costs, and returns; competitive dynamics in solar and storage markets; our ability to execute supply chain, manufacturing, and operational initiatives; access to capital, debt obligations, and covenant compliance; relationships with key suppliers and customers; technological advancement and product quality; and risks related to intellectual property, litigation, and compliance with environmental and sustainability regulations. Other risks were described in the Company's filings with the Securities and Exchange Commission, including its annual report on Form 20-F filed on April 10, 2026. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievements. Investors should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today's date, unless otherwise stated, and Canadian Solar undertakes no duty to update such information, except as required under applicable law.
CANADIAN SOLAR INC. INVESTOR RELATIONS CONTACT
Wina Huang
Investor Relations
Canadian Solar Inc.
[email protected]
e-STORAGE dodá společnosti Apex Clean Energy v Michiganu bateriové úložiště o výkonu 75 MW a kapacitě 381 MWh. Projekt má začít s dodávkami na počátku roku 2027 a do provozu vstoupit v polovině roku 2027.
, /PRNewswire/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ: CSIQ) today announced that e-STORAGE, its energy storage solutions business, will supply a 75 MW / 381 MWh DC battery energy storage system (BESS) to Apex Clean Energy in Branch County, Michigan. The system will be co-located with Apex's operating Coldwater Solar facility.
Under the agreement, e-STORAGE will deliver a complete, integrated solution that combines SolBank 3.0 battery blocks with Power Conversion Systems and e-STORAGE's proprietary EQ‑S Energy Management System into one coordinated utility‑scale platform. Deliveries are scheduled to begin in early 2027, with commercial operation targeted for mid-2027. e-STORAGE will provide its proprietary 'SolBank' battery pack powered by its lithium-Ion phosphate-based battery cells, all produced at Canadian Solar's manufacturing facilities, giving the customer full supply chain visibility and compliance.
Coldwater Storage enters service against a firm policy backdrop: Michigan law requires utilities to bring 2,500 MW of energy storage online by 2030, and the state's largest coal units are slated to retire through 2032, removing dispatchable capacity from the MISO grid that storage must replace. Once operational, the project will store low‑cost energy and discharge it when demand peaks, helping firm the supply that Michigan is shifting toward solar and wind.
Ken Young, CEO of Apex, said: "Power demand is rising rapidly, and storage projects like Coldwater enable our grid to keep pace. e-STORAGE has the technology and the scale to deliver this project, and we're glad to be working once again with our partners at Canadian Solar."
Jeff Roy, President of e-STORAGE, said: "Michigan is rebuilding its power generation mix on a fixed timeline, and this collaboration shows how that target turns into reliable capacity on the ground. By supplying the batteries, power conversion, and our EQ-S controls as one integrated system, we serve as Apex's single accountable technology partner across the project's lifecycle."
About Canadian Solar Inc.
Canadian Solar is one of the world's largest solar technology and renewable energy companies. Founded in 2001 and headquartered in Kitchener, Ontario, the Company is a leading manufacturer of solar photovoltaic modules; provider of solar energy and battery energy storage solutions; and developer, owner, and operator of utility-scale solar power and battery energy storage projects. Over the past 25 years, Canadian Solar has successfully delivered nearly 177 GW of premium-quality, solar photovoltaic modules to customers across the world. Through its subsidiary e-STORAGE, Canadian Solar had shipped over 20 GWh of battery energy storage solutions to global markets as of March 31, 2026, and had a $3.5 billion contracted backlog as of May 8, 2026. Since entering the project development business in 2010, Canadian Solar has developed, built, and connected approximately 12.2 GWp of solar power projects and 6.4 GWh of battery energy storage projects globally. Its geographically diversified project development pipeline includes 24 GWp of solar and 81 GWh of battery energy storage capacity in various stages of development. Canadian Solar is one of the most bankable companies in the solar and renewable energy industry, having been publicly listed on the NASDAQ since 2006. For additional information about the Company, follow Canadian Solar on LinkedIn or visit www.canadiansolar.com.
About e-STORAGE
e-STORAGE is a subsidiary of Canadian Solar and a leading company specializing in designing, manufacturing, and integrating battery energy storage systems for utility-scale applications. e-STORAGE offers proprietary battery energy storage solutions, comprehensive EPC services, and innovative solutions aimed at improving grid operations. For more info, please refer to the Media&PR section of www.csestorage.com and follow our LinkedIn page.
Safe Harbor/Forward-Looking Statements
Certain statements in this press release, including those regarding the Company's expected future shipment volumes, revenues, gross margins, and project sales are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially. These statements are made under the "Safe Harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as "may", "will", "expect", "anticipate", "future", "ongoing", "continue", "intend", "plan", "potential", "prospect", "guidance", "believe", "estimate", "is/are likely to" or similar expressions, the negative of these terms, or other comparable terminology. These forward-looking statements include, among other things, our expectations regarding global electricity demand and the adoption of solar and battery energy storage technologies; our growth strategies, future business performance, and financial condition; our transition to a long-term owner and operator of clean energy assets and expansion of project pipelines; our ability to monetize project portfolios, manage supply chain fluctuations, and respond to economic factors such as inflation and interest rates; our outlook on government incentives, trade measures, regulatory developments, and geopolitical risks; our expectations for project timelines, costs, and returns; competitive dynamics in solar and storage markets; our ability to execute supply chain, manufacturing, and operational initiatives; access to capital, debt obligations, and covenant compliance; relationships with key suppliers and customers; technological advancement and product quality; and risks related to intellectual property, litigation, and compliance with environmental and sustainability regulations. Other risks were described in the Company's filings with the Securities and Exchange Commission, including its annual report on Form 20-F filed on April 10, 2026. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievements. Investors should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today's date, unless otherwise stated, and Canadian Solar undertakes no duty to update such information, except as required under applicable law.
CANADIAN SOLAR INC. INVESTOR RELATIONS CONTACT
Wina Huang
Investor Relations
Canadian Solar Inc.
[email protected]
HubSpot v 1. čtvrtletí zvýšil výnosy o 23 % na 881,0 milionu USD, z toho 862,3 milionu USD ze předplatného. Počet předplatitelů vzrostl meziročně o 16 % na téměř 300 000.
HubSpot (HUBS +2.34%) was one of the many software stocks that fell victim to the SaaSpocalypse narrative earlier this year. Its stock is down by almost 70% so far in 2026, but that doesn't mean the company has lost market share. In fact, it's continuing to deliver impressive financial results, so the current fire sale on its stock likely won't last long.
Image source: Getty Images.
HubSpot generates recurring revenue from a wide range of businesses HubSpot provides its clients with a customer relationship management (CRM) platform, and it has been tapping into artificial intelligence to expand its offerings. That last detail is important in the context of its recent decline: The premise of the SaaSpocalypse that spooked investors was the theory that people and companies would be able to use AI to create inexpensive replacements for popular subscription software offerings, pulling the rug out from under the software-as-a-service business model.
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Customers have to pay subscription fees to continue using HubSpot, but once a business starts using one CRM platform, it's a difficult and costly matter to switch to another. HubSpot booked $881.0 million in revenue in Q1, and $862.3 million of that came from subscriptions. Both figures were up by 23% year over year.
That revenue growth also came with an expanding customer base. HubSpot finished the quarter with just under 300,000 subscribers, which was up by 16% year over year.
AI momentum is strengthening for HubSpot HubSpot has been in the CRM business since its founding in 2006. It has gone through several economic cycles over the past two decades, and capitalized on several opportunities; artificial intelligence will be the next one. As CEO Yamini Rangan noted in the company's Q1 press release: "The AI innovations we launched at Spring Spotlight, including Customer Agent, Prospecting Agent, and Data Agent, are delivering outcomes for customers and will strengthen our AI momentum."
That doesn't sound like a company that is afraid that artificial intelligence will displace what it offers. HubSpot is actively using this technology to enhance its products and attract new customers. Adding AI functions could also improve HubSpot's ability to raise prices or get its customers to upgrade their plans. Businesses have already been spending more on HubSpot on average each year; in Q1, the company reported a 6% year-over-year increase in its average subscription revenue per customer.
HubSpot has even reframed itself as "the agentic customer platform for scaling businesses." The agentic piece is a new angle that aims to position it as a participant in the AI boom.
Management anticipates that its revenue will increase by 18% in 2026. That would be a deceleration relative to its Q1 growth, but still a respectable increase. HubSpot could also beat its guidance in future quarters and raise its full-year outlook; the AI momentum Rangan mentioned suggests this is possible.
It would be harder to feel optimistic about the stock if HubSpot were still trading above $500 per share, as it was at the start of the year. However, its drop to under $200 per share gives it a valuation that's more attractive based on the company's fundamentals.
Bath & Body Works začne od 12. července prodávat své vůně, mýdla a svíčky ve více než 600 prodejnách Ulta Beauty. Partnerství má podpořit růst tržeb obou firem.
Item 1 of 2 An Ulta Beauty store sign is pictured in the Manhattan borough of New York City, New York, U.S., March 8, 2022. REUTERS/Carlo Allegri/File Photo
[1/2]An Ulta Beauty store sign is pictured in the Manhattan borough of New York City, New York, U.S., March 8, 2022. REUTERS/Carlo Allegri/File Photo Purchase Licensing Rights, opens new tab
NEW YORK, June 23 (Reuters) - Ulta Beauty (ULTA.O), opens new tab shoppers will soon be able to purchase Bath & Body Works' (BBWI.N), opens new tab signature fragrances, hand soaps and candles in more than 600 stores from July 12 as both companies pursue turnaround plans that include more partnerships.
Part of Bath & Body Works' "Consumer First Formula" aims to give shoppers more ways to find the company's lotions and candles, while the "Ulta Beauty Unleashed" strategy intends to launch more brand partnerships to drive sales growth.
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The partnership brings Bath & Body Works fine fragrance mist, body cream, hand soap, three-wick candles and plug-in air fresheners to Ulta Beauty stores.
"Home fragrance is a really important part of the industry, and it's not an area that Ulta has played in all that much, so we see a real opportunity," Bath & Body Works CEO Daniel Heaf said.
Bath & Body Works began selling its products on Amazon.com in February, and the e-commerce platform is helping Bath & Body Works "bring new consumers to the brand," Heaf said.
"Amazon is about convenience," Heaf said. "Ulta Beauty is about discovery, trial, and the physical experience. It gives the consumers a chance to see the brand, smell the fragrances and interact with the assortment."
Ulta Beauty Chief Merchandising and Digital Officer Lauren Brindley said: "We see a meaningful whitespace opportunity to better serve guests across high-quality home fragrance, hand soaps, lotions and body care, categories that beautifully complement our assortment."
Ulta Beauty currently sells other candle brands including NEST New York for $65 and its own brand, Ulta Beauty Collection, for $20, according to its website. Bath & Body Works sells candles for $25.
There is no set end date for the partnership, Heaf said.
Reporting by Arriana McLymore in New York; Editing by Jamie Freed
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Arriana McLymore is a New York-based reporter covering e-commerce, online marketplaces, alternative revenue streams for retailers and in-store innovation. She previously reported on telecoms and the business of law.
The company logo of the Space systems specialist OHB in Oberpfaffenhofen near Munich, southern Germany, April 18, 2016. REUTERS/Michael Dalder Purchase Licensing Rights, opens new tab
June 22 (Reuters) - German satellite maker OHB (OHBG.DE), opens new tab said on Monday it was launching a share sale with KKR (KKR.N), opens new tab to bring in new investors and seek a higher valuation as interest in space stocks rises after Elon Musk's blockbuster SpaceX listing.
The combined offering would more than triple OHB's free float and imply a market value of 6.3 billion euros, positioning the company to capitalise on a surge in investor appetite for the sector.
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OHB said it will issue up to 1.7 million new shares at 300 euros each, raising up to 510.7 million euros. KKR-owned Orchid Lux HoldCo will sell up to 1.23 million existing shares, according to a bookrunner for the deal.
The global investment firm will trim its stake to around 20% from 28.6% and net up to 368 million euros, more than it paid for the entire stake in 2023.
The total deal size includes a greenshoe option and would increase OHB's free float to 19.2% from 5.7%, the bookrunner said.
The offer price was a 26% discount to OHB's closing price of 405.5 euros.
The Fuchs family, OHB's majority shareholder, waived its subscription rights but will not sell any shares.
SpaceX (SPCX.O), opens new tab surged past $2 trillion in its record-setting initial public offering on June 12, lifting investor appetite for space stocks. "Everyone is aiming for higher valuations after the SpaceX IPO," CEO Marco Fuchs told Reuters earlier this month.
Shares from KKR and most of the new stock will be placed with institutional investors through Wednesday, while existing shareholders can exercise subscription rights from June 25 to July 8.
($1 = 0.8728 euros)
Reporting by Gianluca Lo Nostro and Alexander Hübner; Editing by Joe Bavier and Matt Scuffham
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