Market Signal Briefing

Palantir Technologies Inc (NYSE:PLTR) has once again outpaced expectations, cementing its place as one of the dominant forces in artificial intelligence - though the shares didn't relfect this as valuation concerns led to an afer-hours sell-off.

The shares fell 7.3%, wiping over $30 billion off the tech giant's valuation.

Still, there were still some fans out there for a story of exponential growth that hs underpinned a 400% rise in the stock over the past year.

Among the cheerleaders is Wedbush Securities calls Palantir the “Messi of AI”, posted another strong quarter and prompted the broker to lift its 12-month price target from $200 to $230, while keeping an 'outperform' rating.

Its call followed a strong third-quarter showing with revenue up 63% year on year to $1.18 billion, comfortably ahead of Wall Street’s $1.09 billion forecast and the company’s own guidance.

Operating income margins reached a record 50.8%, beating analyst estimates of 45.9%. Free cash flow of $540 million also topped expectations by more than $70 million.

The standout was Palantir’s US commercial business, where revenue grew 121% to $397 million. Total contract value in the division rose 342% to $1.31 billion, while remaining deal value climbed 199% to $3.63 billion.

The company closed 204 contracts worth over $1 million, up from 157 in the previous quarter, including 53 deals above $10 million.

“This was a major validation moment for Palantir about AI demand and the growth trajectory over the next few years,” said Daniel Ives, lead analyst at Wedbush.

Government contracts remain a vital growth engine. US federal revenue increased 52% to $486 million as Palantir secured new nine-figure defence and intelligence deals.

Wedbush expects further momentum as public-sector clients ramp up spending on data-driven systems.

Much of the excitement surrounds Palantir’s artificial intelligence platform, or AIP, which now sits at the centre of its strategy. Wedbush said demand from enterprises to “undergo complete AI transformations” continues to accelerate, helped by shorter sales cycles and a growing pipeline.

Total customer numbers rose 45% to 911, and the firm’s “land and expand” model continues to deliver larger seven- and eight-figure accounts as clients broaden their use of the software.

For the current quarter, Palantir guided for revenue between $1.327 billion and $1.331 billion, roughly $150 million above consensus, with operating income of about $697 million versus Wall Street’s $578 million.

For the full year, adjusted free cash flow is expected to reach between $1.9 billion and $2.1 billion, up from earlier guidance of $1.8 billion to $2.0 billion.

Wedbush describes Palantir as one of the core companies of the coming AI decade. Its “Rule of 40” score, which measures growth and profitability, stands at an impressive 114%. Ives argued that any short-term pullback in the shares should be seen as a buying opportunity.

The stock has risen more than 400% in the past year, closing at $207.18 before the results. Wedbush’s valuation assumes Palantir maintains its dominance in US commercial data analytics and continues to win government work.

“If investors think this is as good as it gets, they’re mistaken,” Ives said. “Palantir’s AI story is still in its early chapters.”

LOS ANGELES, Nov. 04, 2025 (GLOBE NEWSWIRE) -- The DJS Law Group reminds investors of a class action lawsuit against Fluor Corporation (“Fluor” or “the Company”) (NYSE: FLR) violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Shareholders who purchased shares of FLR during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.

CLASS PERIOD: February 18, 2025 to May 6, 2025

DEADLINE: November 14, 2025

CASE DETAILS: According to the Complaint, the Company made false and misleading statements to the market. Major Fluor projects suffered from subcontractor design errors, delays, and other problems. The Company also experienced capital spending slowdowns by customers. The Company overstated the strength of its risk mitigation practices. Based on these facts, Fluor’s public statements were false and materially misleading throughout the class period.

If you are a shareholder who suffered a loss, contact us to participate.

NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. There is no cost or obligation to you to participate in this case.

WHY DJS LAW GROUP? DJS Law Group’s primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.

Join the case to recover your losses.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

David J. Schwartz

DJS Law Group

274 White Plains Road, Suite 1

Eastchester, NY 10709

Phone: 914-206-9742

Email: [email protected]

Goldman Sachs reiterated its buy rating on NVDA with a price target of $240 from $210 ahead of earnings, as well.

RALEIGH, NC / ACCESS Newswire / November 4, 2025 / ACCESS Newswire Inc. (NYSE American:ACCS), an industry-leading communications company, today announced it will host a conference call and live webcast on November 11, 2025, at 9:00am Eastern Time to discuss the results of the third quarter 2025. Conference Call Information To participate in this event, dial approximately 5 to 10 minutes before the beginning of the call.

, /PRNewswire/ -- Ideal Power Inc. (Nasdaq: IPWR) ("Ideal Power," the "Company," "we," "us" or "our"), developer and innovative provider of the highly efficient and broadly patented B-TRAN® bidirectional semiconductor power switch, today announced that management will hold a conference call on Thursday, November 13, 2025 at 10:00 AM Eastern Time to discuss its results for the third quarter ended September 30, 2025. A press release detailing these results will be issued prior to the call.

Ideal Power management will host the conference call, followed by a question-and-answer period. Analysts and investors may pose questions for management during the live conference call on November 13, 2025, and may submit questions HERE in advance of the conference call.

Interested persons may access the live conference call by dialing 888-506-0062 (U.S./Canada callers) or 973-528-0011 (international callers), using passcode 264361. It is recommended that participants call or login 10 minutes ahead of the scheduled start time to ensure a proper connection. An operator will register your name and organization. An audio replay will be available one hour after the live call until Midnight on November 27, 2025 by dialing 877-481-4010 using passcode 53161.

The live webcast and interactive Q&A will be accessible on the Company's Investor Relations website under the Events tab HERE. The webcast will be archived on the website for future viewing.

About Ideal Power Inc.

Ideal Power (Nasdaq: IPWR) is the developer and innovative provider of its broadly patented bidirectional semiconductor power switch, creating highly efficient and ecofriendly energy control solutions for electric vehicle, electric vehicle charging, renewable energy, energy storage, UPS/data center, solid-state circuit breaker and other industrial and military applications. The Company is focused on its patented Bidirectional, Bipolar Junction Transistor (B-TRAN®) semiconductor technology. B-TRAN® is a unique double-sided bidirectional AC switch that delivers substantial performance improvements over today's conventional power semiconductors. Ideal Power's B-TRAN® can reduce conduction and switching losses, complexity of thermal management and operating cost in AC power switching and control circuitry. For more information, visit the Company's website at www.IdealPower.com, on LinkedIn, on Twitter, and on Facebook.

Ideal Power Investor Relations Contact

Jeff Christensen
Darrow Associates Investor Relations
[email protected]
703-297-6917

SOURCE IDEAL POWER INC.

Madrigal (MDGL - Free Report) came out with a quarterly loss of $5.08 per share versus the Zacks Consensus Estimate of a loss of $1.98. This compares to a loss of $4.92 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -156.57%. A quarter ago, it was expected that this biopharmaceutical company would post a loss of $3.48 per share when it actually produced a loss of $1.9, delivering a surprise of +45.4%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

Madrigal, which belongs to the Zacks Medical - Drugs industry, posted revenues of $287.27 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 15.30%. This compares to year-ago revenues of $62.17 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.

Madrigal shares have added about 33.6% since the beginning of the year versus the S&P 500's gain of 16.5%.

What's Next for Madrigal?While Madrigal has outperformed 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 Madrigal was favorable. 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 #2 (Buy) for the stock. So, the shares are expected to outperform 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 -$0.47 on $284.52 million in revenues for the coming quarter and -$8.21 on $883.71 million 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, Medical - Drugs is currently in the top 36% 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.

One other stock from the same industry, NewAmsterdam Pharma Company N.V. (NAMS - Free Report) , is yet to report results for the quarter ended September 2025.

This company is expected to post quarterly loss of $0.38 per share in its upcoming report, which represents a year-over-year change of -111.1%. The consensus EPS estimate for the quarter has been revised 7% lower over the last 30 days to the current level.

NewAmsterdam Pharma Company N.V.'s revenues are expected to be $3.88 million, down 86.7% from the year-ago quarter.

Orthofix (OFIX - Free Report) came out with quarterly earnings of $0.2 per share, beating the Zacks Consensus Estimate of $0.12 per share. This compares to earnings of $0.07 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +66.67%. A quarter ago, it was expected that this medical device maker would post earnings of $0.04 per share when it actually produced earnings of $0.13, delivering a surprise of +225%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

Orthofix, which belongs to the Zacks Medical - Instruments industry, posted revenues of $205.63 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 2.65%. This compares to year-ago revenues of $196.61 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.

Orthofix shares have lost about 8% since the beginning of the year versus the S&P 500's gain of 16.5%.

What's Next for Orthofix?While Orthofix 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 Orthofix 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 $0.38 on $219.16 million in revenues for the coming quarter and $0.54 on $812.83 million 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, Medical - Instruments is currently in the top 38% 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.

One other stock from the same industry, DarioHealth Corp. (DRIO - Free Report) , is yet to report results for the quarter ended September 2025.

This company is expected to post quarterly loss of $2.63 per share in its upcoming report, which represents a year-over-year change of -1.2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

DarioHealth Corp.'s revenues are expected to be $5.72 million, down 22.9% from the year-ago quarter.

Harley-Davidson (HOG - Free Report) came out with quarterly earnings of $3.1 per share, beating the Zacks Consensus Estimate of $1.38 per share. This compares to earnings of $0.91 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +124.64%. A quarter ago, it was expected that this motorcycle maker would post earnings of $0.99 per share when it actually produced earnings of $0.88, delivering a surprise of -11.11%.

Over the last four quarters, the company has surpassed consensus EPS estimates two times.

Harley-Davidson, which belongs to the Zacks Automotive - Domestic industry, posted revenues of $1.08 billion for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 7.98%. This compares to year-ago revenues of $881.21 million. The company has topped consensus revenue estimates just once 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.

Harley-Davidson shares have lost about 10% since the beginning of the year versus the S&P 500's gain of 16.5%.

What's Next for Harley-Davidson?While Harley-Davidson 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 Harley-Davidson was unfavorable. 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 #5 (Strong Sell) for the stock. So, the shares are expected to underperform 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 $0.17 on $616.82 million in revenues for the coming quarter and $3.75 on $3.75 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, Automotive - Domestic is currently in the bottom 41% 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.

Xos, Inc. (XOS - Free Report) , another stock in the same industry, has yet to report results for the quarter ended September 2025. The results are expected to be released on November 13.

This company is expected to post quarterly loss of $0.73 per share in its upcoming report, which represents a year-over-year change of +44.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Xos, Inc.'s revenues are expected to be $17.32 million, up 9.7% from the year-ago quarter.

Key Takeaways Vornado Realty Trust's adjusted FFO rose 9.6% year over year to $0.57 per share, topping estimates.Revenues grew 2.4% to $453.7 million, with higher same-store NOI and occupancy gains across portfolios.Vornado acquired 623 Fifth Avenue for $218 million and sold 512 West 22nd Street for $205 million.
Vornado Realty Trust’s (VNO - Free Report)  third-quarter 2025 funds from operations (FFO) plus assumed conversions, on an adjusted basis, were 57 cents per share, which outpaced the Zacks Consensus Estimate of 55 cents. Moreover, the figure improved 9.6% year over year.

Results displayed year-over-year growth in total same-store net operating income (NOI) and occupancy. The company witnessed decent leasing activity.

Total revenues were $453.7 million in the reported quarter, which surpassed the Zacks Consensus Estimate of $443.3 million. On a year-over-year basis, revenues increased 2.4%.

VNO’s Q3 in DetailIn the reported quarter, total same-store NOI (at share) came in at $266.7 million compared with $265.5 million in the prior-year quarter. The metrics for the New York and 555 California Street portfolios increased 9.1% and 3.8%, respectively, from the prior-year period. However, the same decreased 10.4% for THE MART.

During the quarter, in the New York office portfolio, 594,000 square feet of office space (542,000 square feet at share) was leased for an initial rent of $102.60 per square foot and a weighted average lease term of 12.5 years. The tenant improvements and leasing commissions were $13.07 per square foot per annum or 12.7% of the initial rent.

In the New York retail portfolio, 27,000 square feet were leased (23,000 square feet at share) at an initial rent of $292.79 per square foot and a weighted average lease term of 9 years. The tenant improvements and leasing commissions were $22.54 per square foot per annum or 7.7% of the initial rent.

At THE MART, 158,000 square feet of space (all at share) was leased for an initial rent of $48.84 per square foot and a weighted average lease term of 10.5 years. The tenant improvements and leasing commissions were $14.52 per square foot per annum or 29.7% of the initial rent.

Vornado ended the quarter with occupancy in the total New York portfolio at 87.5%, up 80 basis points (bps) year over year. Occupancy in THE MART was 80.7%, up 100 bps year over year. Occupancy in 555 California Street was 96.3%, up 180 bps year over year.

VNO’s Portfolio ActivityIn the third quarter of 2025, VNO completed the acquisition of the 623 Fifth Avenue office condominium encompassing 382,500 rentable square feet of space for $218 million. Situated above the flagship Saks Fifth Avenue department store, this 36-story building is currently 75% vacant. Vornado plans to completely reposition and redevelop the building into a premier, best-in-class, Class A boutique office building. The redevelopment is expected to be completed by 2027.

In the same period, a joint venture, in which the company owns a 55% interest, completed the sale of the 512 West 22nd Street, a 173,000 square foot office building for $205 million.

VNO’s Balance SheetVornado exited the third quarter of 2025 with cash and cash equivalents of $1.01 billion, down from $1.2 billion as of June 30, 2025.

VNO’s Zacks RankVornado currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Performance of Other Office REITsCousins Properties (CUZ - Free Report) reported third-quarter 2025 FFO per share of 69 cents, in line with the Zacks Consensus Estimate. The figure increased 3% on a year-over-year basis.

CUZ experienced healthy leasing activity in the quarter. However, the weighted average occupancy decreased, while interest expenses increased and marred the growth tempo. CUZ also raised its 2025 outlook for FFO per share.

Boston Properties Inc.’s (BXP - Free Report) third-quarter 2025 FFO of $1.74 surpassed the Zacks Consensus Estimate of $1.72. However, the reported figure fell 3.9% year over year.

BXP’s quarterly results reflected better-than-anticipated revenues on healthy leasing activity. However, lower occupancy and higher interest expenses during the quarter marred its year-over-year FFO per share growth. BXP also revised its guidance for 2025 FFO per share.

Note: Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of REITs.

, /PRNewswire/ -- Canaan Inc. (Nasdaq: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced that it has entered into securities purchase agreements with certain investors (the "Securities Purchase Agreements") for the issuance and sale by the Company of an aggregate of 63,660,477 American depositary shares ("ADSs"), each representing 15 Class A ordinary shares of the Company, at a purchase price of US$1.131 per ADS, in a registered direct offering.

Each Securities Purchase Agreement contains representations, warranties and other provisions customary for transactions of this nature. Subject to the satisfaction of customary closing conditions, the Company currently anticipates that the closings of the transactions contemplated by the Securities Purchase Agreement will take place on November 6, 2025. Canaan intends to use the net proceeds from this offering for [the acquisition and development of data center sites and facilities in North America, expansion of Bitcoin mining machine production capacity to support deployment of digital mining sites and sales of Bitcoin mining machines, research and development, and other general corporate purposes. Additional information regarding this offering and the Securities Purchase Agreement will be included in a Form 6-K to be filed by Canaan with the U.S. Securities and Exchange Commission (the "SEC").

The securities described above will be offered by the Company pursuant to an effective shelf registration statement on Form F-3 (File No. 333-285125) previously filed with the SEC, which became effective on February 21, 2025. The securities may be offered only by means of a written prospectus and prospectus supplement that form a part of the registration statement. The prospectus supplement and accompanying prospectus contain important information relating to the ADS offering. The prospectus supplement will be filed with the SEC and will be made available on the SEC's website at http://www.sec.gov, or may be obtained, when available, by contacting us 28 Ayer Rajah Crescent, #06-08, Singapore 139959, or by email at [email protected]. 

This press release shall not constitute an offer to sell nor the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.

About Canaan Inc.

Established in 2013, Canaan Inc. (NASDAQ: CAN), is a technology company focusing on ASIC high-performance computing chip design, chip research and development, computing equipment production, and software services. Canaan has extensive experience in chip design and streamlined production in the ASIC field. In 2013, Canaan's founding team shipped to its customers the world's first batch of mining machines incorporating ASIC technology under the brand name Avalon. In 2019, Canaan completed its initial public offering on the Nasdaq Global Market. To learn more about Canaan, please visit https://www.canaan.io/.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "aim," "anticipate," "believe," "estimate," "expect," "hope," "going forward," "intend," "ought to," "plan," "project," "potential," "seek," "may," "might," "can," "could," "will," "would," "shall," "should," "is likely to" and the negative form of these words and other similar expressions. Among other things, statements that are not historical facts, including statements about the Company's beliefs and expectations are or contain forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement. All information provided in this press release is as of the date of this press release and is based on assumptions that the Company believes to be reasonable as of this date, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Investor Relations Contact

Canaan Inc.
Xi Zhang
Email: [email protected] 

Christensen Advisory
Christian Arnell
Email: [email protected] 

SOURCE Canaan Inc.

The TotalEnergies logo is pictured at the Hyvolution exhibition in Paris, France, January 28, 2025. REUTERS/Benoit Tessier/File Photo Purchase Licensing Rights, opens new tab

SummaryCompaniesCEO says Paris Agreement climate goals out of reachOil demand expected at 98 million barrels per day in 2050Demand forecast has risen versus last year's reportCEO cites concern over energy security, pricesPARIS, Nov 4 - French oil major TotalEnergies

(TTEF.PA), opens new tab sees global oil demand rising through 2040 before gradually dropping off, as political fragmentation and energy security concerns dampen the drive to reduce emissions and limit global warming, it said in its annual energy outlook report on Tuesday.

The analysis represents an increase compared to last year, reflecting changes including U.S. President Donald Trump's partial rollback of green subsidies and resumption of liquefied natural gas plant licences, as well as lagging electric vehicle sales and ongoing coal plant installations in Asia.

Sign up here.

The annual report presented three scenarios: current trends, a moderately ambitious “momentum” scenario, and a “rupture” scenario aligned to the Paris Agreement.

“We can present this rupture scenario, but given the level of political fragmentation, the probability of its success is diminishing, even out of reach, because the international coordination required is not what we see today,” said TotalEnergies CEO Patrick Pouyanne at a press briefing.

Reporting by America Hernandez in Paris, Editing by Louise Heavens

Our Standards: The Thomson Reuters Trust Principles., opens new tab

NEW YORK--(BUSINESS WIRE)--As Hadron Energy, Inc. (“Hadron”) approaches its $1.2Bn SPAC merger with GigCapital7 Corp. (Nasdaq: GIG), the company showcases its proactive and foundational licensing approach with the U.S. Nuclear Regulatory Commission (NRC).

Hadron’s light-water design offers a clear advantage with the U.S. Nuclear Regulatory Commission (NRC), the nation’s regulator for civilian nuclear power, which has decades of experience licensing this technology and currently oversees 94 operating light-water reactors in the United States. Building on that foundation, Hadron has executed a uniquely proactive approach to regulatory readiness since its founding.

The company has sought engagement with the NRC as the commission forms policies with respect to the breakthrough advanced nuclear reactor industry. In December 2024, Hadron attended its first Advanced Reactor Stakeholder Meeting, where it became an active contributor to policy development in the MMR space, and continued to attend NRC public meetings regularly as it began to prepare its own regulatory strategy for the Hadron MMR. One critical meeting occurred on July 17-18, 2025, where Hadron Energy stood as the only company to publicly support a more restrictive safety framework for microreactors and other low consequence reactors; it is a framework that Hadron has full confidence its Halo MMR will meet.

In April 2025, the company submitted a Letter of Intent and initial Regulatory Engagement Plan (REP), which began the process of formal pre-application engagement with the NRC. Following its initial public meeting, Hadron also filed an updated REP aligned with the NRC’s latest guidance to streamline the commercialization of its microreactor, and since that time, has continued to follow its REP, making quality submissions on time and informed by NRC feedback. Hadron has filed its Quality Assurance Program Description (QAPD) and will soon file its Topical Report on Principal Design Criteria (PDC).

Hadron continues to pursue its regulatory goals despite the government shut-down, developing comprehensive topical reports and hiring essential talent that will be foundational to the Halo MMR’s safety case and instrumental to development and commercialization of the Halo MMR. As a result of the front-loaded approach Hadron has taken with its regulatory strategy, Hadron continues to stay ahead of its corporate deadlines and on track for the rapid commercialization of its microreactors.

In addition to this persistent and collaborative approach with the NRC, Hadron has engaged with representatives of the Department of Energy (DOE), the federal agency tasked with the promotion of nuclear energy. Hadron looks forward to working with the DOE further to make the revitalization of America’s nuclear industry a reality, including through the Janus Project, the DOE’s initiative to achieve readiness in the installation and operation of MMRs in military bases of the U.S. Armed Forces.

Leading up to its $1.2Bn SPAC merger with GigCapital7 Corp. (Nasdaq: GIG), Hadron is committed to a collaborative, transparent, and forward-thinking regulatory approach, positioning itself as a primary partner to the Federal government in revitalizing the U.S. nuclear industry. The company is looking forward to working with its government partners in restoring America’s energy independence and setting the national standard for a secure, competitive, and American-led nuclear future.

About Hadron Energy, Inc.

Hadron is a pioneer in MMR technology. Designed to deliver 10 MW of power, Hadron’s MMR will be smaller, more cost-effective, and faster to deploy than other proposed MMR power solutions. The revolutionary design of Hadron’s MMR allows its reactor core and containment shell to be transportable in a shipping container, providing a versatile deployment model for end users. Whether powering an artificial intelligence data center, remote community, or an industrial hub, Hadron’s MMR is expected to provide a reliable, safe and scalable nuclear energy solution. For more information, please visit https://www.hadronenergy.com/.

About GigCapital7 Corp.

GigCapital7 Corp. is a Private-to-Public Equity (PPE)™ company, also known as a special purpose acquisition company (SPAC), with a Mentor-Investor™ methodology and a mission to partner with a high technology differentiating company to forge a successful path to the public markets through a business combination. GigCapital7 Corp. aims to partner with an innovative company with exceptional leaders in order to create an industry-leading partnership that will be successful for years to come.

Private-to-Public Equity (PPE)™ and “Mentor-Investor™ are trademarks of GigManagement, LLC, a member entity of GigCapital Global and affiliate of GigCapital7 Corp., used pursuant to agreement.

Forward-Looking Statements

This press release includes certain statements that may be considered forward-looking statements within the meaning of the federal securities laws. Forward-looking statements include, without limitation, statements about future events or Hadron’s or GigCapital7’s future financial or operating performance. For example, statements regarding the construction and performance of the Hadron Halo, Hadron’s anticipated growth and other metrics; the anticipated future demand of energy; the future demand and commercialization of the Hadron MMR; potential relationships or engagements; the outcome of Hadron’s regulatory submissions; and statements regarding the benefits of the business combination between the parties and the anticipated timing of the completion of the business combination are all forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may,” “should,” “could,” “might,” “plan,” “possible,” “project,” “strive,” “budget,” “forecast,” “expect,” “intend,” “will,” “estimate,” “anticipate,” “believe,” “predict,” “potential” or “continue,” or the negatives of these terms or variations thereof or similar terminology.

These forward-looking statements regarding future events and the future results of Hadron and GigCapital7 are based upon estimates and assumptions that, while considered reasonable by Hadron, GigCapital7, and their respective management teams, are inherently uncertain and subject to risks, variability and contingencies, many of which are beyond Hadron’s or GigCapital7’s control. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: the occurrence of any event, change or other circumstances that could give rise to the termination of the business combination agreement or other definitive agreements in connection thereto; the outcome of any legal proceedings that may be instituted against Hadron, GigCapital7 or others following the announcement of the business combination and any definitive agreements with respect thereto; the inability to complete the business combination due to the failure to obtain consents and approvals of the shareholders of GigCapital7; failure to obtain financing to complete the business combination or to satisfy other conditions to closing; delays or failures to obtain necessary regulatory approvals required to complete the business combination or related transactions; changes to the proposed structure of the business combination as a result of applicable laws, regulations or conditions; projections, estimates and forecasts of revenue and other financial and performance metrics; projections about industry trends and market opportunity; expectations relating to the demand for Hadron’s MMR; Hadron’s ability to scale and grow its business; the cash position of Hadron following closing of the business combination; the ability to meet listing standards in connection with, and following, the consummation of the business combination the risk that the business combination disrupts current plans and operations of Hadron as a result of the announcement and consummation of the business combination; the ability to recognize the anticipated benefits of the business combination, which may be affected by, among other things, competition, the ability of Hadron to successfully commercialize its MMR, and Hadron’s ability to source and maintain key relationships with management and key employees; costs related to the business combination; changes in applicable laws and regulations; political and economic developments and market volatility; the risk that Hadron does not ever enter into any definitive agreements in connection with commercialization of its technology; the risk that Hadron is pursuing an emerging market; and other risks and uncertainties set forth under “Risk Factors” and other documents filed, or to be filed, with the SEC by GigCapital7 and/or Hadron, including the Registration Statement that Hadron and GigCapital7 intend to file in connection with the business combination.

If any of these risks materialize or Hadron’s assumptions prove incorrect, actual results could differ materially from the results implied by the forward-looking statements. There may be additional risks that Hadron or GigCapital7 do not presently know or currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. Any forward-looking statements made by or on behalf of Hadron or GigCapital7 reflect the expectations, plans or forecasts of future events and views of Hadron and GigCapital7 and speak only as of the date they are made. Neither Hadron nor GigCapital7 undertake any obligation to update any forward-looking statements to reflect any changes in their respective expectations with regard thereto or any changes in events, conditions or circumstances on which any such statement is based. These forward-looking statements should not be relied upon as representing Hadron’s or GigCapital7’s assessments as of any date subsequent to the date of this communication. Accordingly, undue reliance should not be placed upon the forward-looking statements.

Additional Information About the Transaction and Where to Find It

The proposed transaction will be submitted to GigCapital7’s shareholders for their consideration and approval. GigCapital7and Hadron intend to file the Registration Statement with the SEC, which will include preliminary and definitive proxy statements to be distributed to GigCapital7’s shareholders in connection with GigCapital7’s solicitation of proxies for the shareholder vote in connection with the proposed business combination, the prospectus relating to the offer of securities to be issued in connection with the business combination, and other matters to be described in the Registration Statement. After the Registration Statement has been filed and declared effective by the SEC, GigCapital7 will mail a definitive proxy statement/prospectus/consent solicitation statement and other relevant documents (the “GigCapital7Shareholder Materials”) to its shareholders as of the record date established for voting on the proposed business combination. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION, GIGCAPITAL7’S SHAREHOLDERS AND OTHER INTERESTED PARTIES ARE URGED TO READ, WHEN AVAILABLE, THE PRELIMINARY PROXY STATEMENT/PROSPECTUS, AND AMENDMENTS THERETO, AND THE DEFINITIVE PROXY STATEMENT/PROSPECTUS AND ALL OTHER RELEVANT DOCUMENTS FILED OR THAT WILL BE FILED WITH THE SEC IN CONNECTION WITH GIGCAPITAL7’S SOLICITATION OF PROXIES FOR THE EXTRAORDINARY GENERAL MEETING OF ITS SHAREHOLDERS TO BE HELD TO APPROVE THE BUSINESS COMBINATION AND OTHER MATTERS AS DESCRIBED IN THE PROXY STATEMENT/PROSPECTUS BECAUSE THESE DOCUMENTS WILL CONTAIN IMPORTANT INFORMATION ABOUT GIGCAPITAL7, HADRON AND THE PROPOSED BUSINESS COMBINATION. Shareholders and other interested parties may obtain a copy of these documents, without charge, at the SEC’s website located at www.sec.gov or by directing a written request to GigCapital7 Corp., Attn: Corporate Secretary, 1731 Embarcadero Rd., Suite 200, Palo Alto, CA.

NEITHER THE SEC NOR ANY STATE SECURITIES REGULATORY AGENCY HAS APPROVED OR DISAPPROVED THE BUSINESS COMBINATION OR ANY INVESTMENT IN ANY SECURITIES DESCRIBED HEREIN, PASSED UPON THE MERITS OR FAIRNESS OF THE BUSINESS COMBINATION OR ANY RELATED TRANSACTIONS OR PASSED UPON THE ADEQUACY OR ACCURACY OF THE DISCLOSURE IN THIS COMMUNICATION. ANY REPRESENTATION TO THE CONTRARY CONSTITUTES A CRIMINAL OFFENSE.

Participants in the Solicitation

Hadron, GigCapital7 and their respective directors, executive officers, management and employees, under SEC rules, may be deemed to be participants in a solicitation of proxies of GIG’s shareholders in connection with the business combination. Investors and shareholders may obtain more detailed information regarding the names, affiliations, and interests of GigCapital7’s directors and executive officers in its filings with the SEC, including GigCapital7’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024, filed with the SEC on March 6, 2025, as amended by Amendment No. 1 on Form 10-K/A filed with the SEC on April 16, 2025. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies of GIG shareholders in connection with the business combination will be set forth in the Registration Statement, along with information concerning the interests of Hadron’s and GigCapital7’s participants in the solicitation. Such interests may in some cases be different from those of Hadron’s or GigCapital7’s equity holders generally.

No Offer or Solicitation

This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This communication is not, and under no circumstances is to be construed as, a prospectus, an advertisement or a public offering of the securities described herein in the United States or any other jurisdiction. No offer of securities shall be made except by means of a prospectus filed with the SEC meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or exemptions therefrom.

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Third quarter net income of $17.7 million
Third quarter Adjusted EBITDA of $39.3 million
Dredging backlog of $934.5 million at September 30, 2025

HOUSTON, Nov. 04, 2025 (GLOBE NEWSWIRE) -- Great Lakes Dredge & Dock Corporation (“Great Lakes” or the “Company”) (Nasdaq: GLDD), the largest provider of dredging services in the United States, today reported financial results for the third quarter ended September 30, 2025.

Third Quarter 2025 Highlights

Revenue was $195.2 millionTotal operating income was $28.1 millionNet income was $17.7 millionAdjusted EBITDA was $39.3 millionDredging backlog as of September 30, 2025 was $934.5 million Management Commentary

Lasse Petterson, President and Chief Executive Officer, commented, “Great Lakes delivered another solid quarter, driven by strong project execution and high equipment utilization. We ended the quarter with revenue of $195.2 million, net income of $17.7 million, and adjusted EBITDA of $39.3 million. Our substantial dredging backlog stood at $934.5 million as of the end of the third quarter, with an additional $193.5 million in low bids and options pending award, providing revenue visibility for the remainder of 2025 and well into 2026. Capital and coastal protection projects account for over 84% of our dredging backlog, which typically yield higher margins for GLDD due to our experienced project teams and our extensive fleet.

Our current backlog includes three major port deepening LNG projects: the Port Arthur LNG Phase 1 Project, the Brownsville Ship Channel Project, part of NextDecade Corporation’s Rio Grande LNG initiative, and the Woodside Louisiana LNG project. Dredging operations for the first two projects began in Q3 2024 and are actively ongoing. The Woodside Louisiana LNG project is expected to commence in early 2026.

To date, we have seen no interruption to our business during the current government shutdown. Our operations have remained unaffected, and we expect to continue to conduct business as usual, maintaining full schedules, bidding, awards, and payments. Our support to the U.S. Army Corps of Engineers ("Corps") will proceed without disruption and our backlog of projects are fully funded.

On October 24th, we completed an amendment to our revolving credit facility, upsizing the amount by $100 million to a total of $430 million, decreasing the interest rate, and extending the maturity out to 2030. With the increased capacity under the facility we paid off in full our $100 million second lien term loan entered in 2024 reducing our annual interest expense by almost $6 million and providing us with additional financial flexibility.

Our newbuild program is close to completion as our newest hopper dredge, the Amelia Island, was delivered in August and immediately went to work. The Amelia Island and her sister ship, the Galveston Island, which was delivered in early 2024, will primarily work on projects aimed at the redevelopment and enhancement of our shorelines, which are consistently impacted by severe weather.

The Acadia, the first U.S.-flagged, Jones Act-compliant subsea rock installation vessel, hit a key milestone with her launch from drydock in July with expected completion in the first quarter of 2026. Upon delivery, the Acadia is expected to immediately commence operations, first on Equinor’s Empire Wind I project and then onto Orsted’s Sunrise Wind project. In addition, post quarter end, the Acadia was awarded additional scope on Sunrise Wind providing full utilization for the vessel for 2026. The Acadia is designed to serve projects in both domestic and international markets focused on safeguarding critical subsea infrastructure, including subsea cables for power transmission, telecommunications cables, oil and gas pipelines and offshore wind developments.

During the third quarter, our offshore energy team commenced rock placement operations on Equinor’s South Brooklyn Marine Terminal. During the fourth quarter, we started installation of armor rock for the Empire Wind 1 project, utilizing a chartered vessel for this scope of the campaign with plans for the Acadia to complete the work once she is delivered and commissioned next year.

The Company had exceptional performance the first nine months of 2025, which we expect to continue for the remainder of this year and into 2026 driven by a modernized fleet, superior project execution, a strong balance sheet, and a significant backlog.” 

Operational Update

Third Quarter 2025

Revenue was $195.2 million, an increase of $4.0 million from the third quarter of 2024. The higher revenue in the third quarter of 2025 was due primarily to higher capital project revenue as compared to the same period in the third quarter last year, partially offset by lower coastal protection and maintenance project revenue.Gross profit and gross profit margin was $43.8 million and 22.4%, respectively, both increasing compared to the third quarter of 2024 gross profit and gross profit margin of $36.2 million and 19.0%, respectively. The increase was primarily due to increased revenue, improved utilization and project performance and a larger number of capital projects which typically yield higher margins.Operating income was $28.1 million, increasing from $16.7 million in the prior year’s third quarter primarily due to the improved gross profit and lower general and administrative expenses.Net income for the third quarter was $17.7 million, increasing from net income of $8.9 million in the prior year third quarter. The increase was mostly driven by improved operating results partially offset by an increase in net income tax provision. Balance Sheet, Backlog & Capital Expenditures

At September 30, 2025, the Company had $12.7 million in cash and cash equivalents, total long-term debt of $415.3 million and liquidity of $284.1 million.At September 30, 2025, the Company had $934.5 million in dredging backlog compared to $1.2 billion at December 31, 2024. Dredging backlog as of September 30, 2025 does not include approximately $193.5 million of awards and options pending.At September 30, 2025, the Company had $73.0 million in offshore energy backlog compared to $44.9 million at December 31, 2024.Total capital expenditures for the third quarter of 2025 were $32.8 million including $18.6 million for the construction of the Acadia, $8.3 million for the Amelia Island, and $5.9 million for maintenance and growth. Market Update

On October 1, 2025, the federal government shut down due to a lapse in appropriations, impacting operations across multiple agencies and services nationwide. While shutdowns are rare and typically short lived, the annual federal budget process is typically complicated and prone to stop gap provisions like Continuing Resolutions. As a result, federal agencies like the Corps are accustomed to executing their mission within the confines of these complications.

To date, we have seen no interruption to our business during the current government shutdown. Our operations remain unaffected, and we expect to continue to conduct business as usual, maintaining full project operations. Our commitment to supporting the Corps remains steadfast and all of the Corps’ projects in our backlog are fully funded. We remain focused on delivering results and executing all projects.

Following the resolution of the temporary pause from the Bureau of Ocean Management, Equinor’s Empire Wind I project, which is part of our Offshore Energy backlog, has resumed in accordance with its schedule. We have secured contracts for full utilization of the Acadia for 2026 and are making good progress on securing contracts for the Acadia’s utilization for 2027 and beyond.

In anticipation of potential delays in U.S. offshore wind projects, we proactively expanded the Acadia’s strategic target markets to include oil and gas pipeline protection, power and telecommunications cable protection, and international offshore wind. This diversification increases our opportunities into a broader range of services we now refer to as Offshore Energy. Our strategy is supported by a global shortage of rock placement vessels, and we are actively pursuing opportunities across these sectors to ensure strong and sustained utilization of the Acadia well into the future.

Conference Call Information

The Company will conduct a quarterly conference call, which will be held on Tuesday, November 4, 2025, at 9:00 a.m. C.S.T (10:00 a.m. E.S.T.). Investors and analysts are encouraged to pre-register for the conference call by using the link below. Participants who pre-register will be given a unique PIN to gain immediate access to the call. Pre-registration may be completed at any time up to the call start time.

To pre-register, go to https://register-conf.media-server.com/register/BIe06b29e64e414109b574adf941eba177

The live call and replay can also be heard at https://edge.media-server.com/mmc/p/ts2pr24d or on the Company’s website, www.gldd.com, under Events on the Investor Relations page. A copy of the press release will be available on the Company’s website.

Use of Non-GAAP Measures

Adjusted EBITDA, as provided herein, represents net income from continuing operations, adjusted for net interest expense, income taxes, depreciation and amortization expense, debt extinguishments, accelerated maintenance expense for new international deployments, goodwill or asset impairments and gains on bargain purchase acquisitions. Adjusted EBITDA is not a measure derived in accordance with GAAP. The Company presents Adjusted EBITDA as an additional measure by which to evaluate the Company's operating trends. The Company believes that Adjusted EBITDA is a measure frequently used to evaluate the performance of companies with substantial leverage and that the Company's primary stakeholders (i.e., its stockholders, bondholders and banks) use Adjusted EBITDA to evaluate the Company's period to period performance. Additionally, management believes that Adjusted EBITDA provides a transparent measure of the Company’s recurring operating performance and allows management to readily view operating trends, perform analytical comparisons and identify strategies to improve operating performance. For this reason, the Company uses a measure based upon Adjusted EBITDA to assess performance for purposes of determining compensation under the Company's incentive plan. Adjusted EBITDA should not be considered an alternative to, or more meaningful than, amounts determined in accordance with GAAP including: (a) net income as an indicator of operating performance or (b) cash flows from operations as a measure of liquidity. As such, the Company's use of Adjusted EBITDA, instead of a GAAP measure, has limitations as an analytical tool, including the inability to determine profitability or liquidity due to the exclusion of accelerated maintenance expense for new international deployments, goodwill or asset impairments, gains on bargain purchase acquisitions, net interest expense and income tax expense and the associated significant cash requirements and the exclusion of depreciation and amortization, which represent significant and unavoidable operating costs given the level of indebtedness and capital expenditures needed to maintain the Company's business. For these reasons, the Company uses net income to measure the Company's operating performance and uses Adjusted EBITDA only as a supplement. Adjusted EBITDA is reconciled to net income in the table of financial results. For further explanation, please refer to the Company's SEC filings.

The Company

Great Lakes Dredge & Dock Corporation is the largest provider of dredging services in the United States, which is complemented with a long history of performing significant international projects. In addition, Great Lakes is fully engaged in expanding its core business into the offshore energy industry. The Company employs experienced civil, ocean and mechanical engineering staff in its estimating, production and project management functions. In its over 135-year history, the Company has never failed to complete a marine project. Great Lakes owns and operates the largest and most diverse fleet in the U.S. dredging industry, comprised of approximately 200 specialized vessels. Great Lakes has a disciplined training program for engineers that ensures experienced-based performance as they advance through Company operations. The Company’s Incident-and Injury-Free® (IIF®) safety management program is integrated into all aspects of the Company’s culture. The Company’s commitment to the IIF® culture promotes a work environment where employee safety is paramount.

Cautionary Note Regarding Forward-Looking Statements

Certain statements in this press release may constitute “forward-looking” statements, as defined in Section 21E of the Securities Exchange Act of 1934 (the “Exchange Act”), the Private Securities Litigation Reform Act of 1995 (the “PSLRA”) or in releases made by the Securities and Exchange Commission (the “SEC”), all as may be amended from time to time. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of Great Lakes and its subsidiaries, or industry results, to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. Statements that are not historical fact are forward-looking statements. Forward-looking statements can be identified by, among other things, the use of forward-looking language, such as the words “plan,” “believe,” “expect,” “anticipate,” “intend,” “estimate,” “project,” “may,” “would,” “could,” “should,” “seeks,” “are optimistic,” “commitment to” or “scheduled to,” or other similar words, or the negative of these terms or other variations are being made pursuant to the Exchange Act and the PSLRA with the intention of obtaining of these terms or comparable language, or by discussion of strategy or intentions. These cautionary statements have the benefit of the “safe harbor” provisions of such laws. Great Lakes cautions investors that any forward-looking statements made by Great Lakes are not guarantees or indicative of future performance. Important assumptions and other important factors that could cause actual results to differ materially from those forward-looking statements with respect to Great Lakes include, but are not limited to: a reduction in government funding for dredging and other contracts, or government cancellation of such contracts, or the inability of the Corps to let bids to market; our ability to qualify as an eligible bidder under government contract criteria and to compete successfully against other qualified bidders in order to obtain government dredging and other contracts; the political environment and governmental fiscal and monetary policies; cost over-runs, operating cost inflation and potential claims for liquidated damages, particularly with respect to our fixed price contracts; the timing of our performance on contracts and new contracts being awarded to us; significant liabilities that could be imposed were we to fail to comply with government contracting regulations; project delays related to the increasingly negative impacts of climate change or other unusual, non-historical weather patterns; costs necessary to operate and maintain our existing vessels and the construction of new vessels, including with respect to changes in applicable regulations or standards; equipment or mechanical failures; pandemic, epidemic or outbreak of an infectious disease; disruptions to our supply chain for procurement of new vessel build materials or maintenance on our existing vessels; capital and operational costs due to environmental regulations; market and regulatory responses to climate change, including proposed regulations concerning emissions reporting and future emissions reduction goals; contract penalties for any projects that are completed late; force majeure events, including natural disasters, war and terrorists’ actions; changes in the amount of our estimated backlog; significant negative changes attributable to large, single customer contracts; our ability to obtain financing for the construction of new vessels, including our new offshore energy vessel; our ability to secure contracts to utilize our new offshore energy vessel; unforeseen delays and cost overruns related to the construction of our new vessels; any failure to comply with the Jones Act provisions on coastwise trade, or if those provisions were modified, repealed or interpreted differently; our ability to comply with anti-discrimination laws, including those pertaining to diversity, equity and inclusion programs; fluctuations in fuel prices, particularly given our dependence on petroleum-based products; impacts of nationwide inflation on procurement of new build and vessel maintenance materials; our ability to obtain bonding or letters of credit and risks associated with draws by the surety on outstanding bonds or calls by the beneficiary on outstanding letters of credit; acquisition integration and consolidation, including transaction expenses, unexpected liabilities and operational challenges and risks; divestitures and discontinued operations, including retained liabilities from businesses that we sell or discontinue; potential penalties and reputational damage as a result of legal and regulatory proceedings; any liabilities imposed on us for the obligations of joint ventures, and similar arrangements and subcontractors; increased costs of certain material used in our operations due to newly imposed tariffs; unionized labor force work stoppages; any liabilities for job-related claims under federal law, which does not provide for the liability limitations typically present under state law; operational hazards, including any liabilities or losses relating to personal or property damage resulting from our operations; our substantial amount of indebtedness, which makes us more vulnerable to adverse economic and competitive conditions; restrictions on the operation of our business imposed by financing terms and covenants; impacts of adverse capital and credit market conditions on our ability to meet liquidity needs and access capital; limitations on our hedging strategy imposed by statutory and regulatory requirements for derivative transactions; foreign exchange risks, in particular, related to the new offshore energy vessel build; losses attributable to our investments in privately financed projects; restrictions on foreign ownership of our common stock; restrictions imposed by Delaware law and our charter on takeover transactions that stockholders may consider to be favorable; restrictions on our ability to declare dividends imposed by our financing agreements or Delaware law; significant fluctuations in the market price of our common stock, which may make it difficult for holders to resell our common stock when they want or at prices that they find attractive; changes in previously recorded net revenue and profit as a result of the significant estimates made in connection with our methods of accounting for recognized revenue; maintaining an adequate level of insurance coverage; our ability to find, attract and retain key personnel and skilled labor; disruptions, failures, data corruptions, cyber-based attacks or security breaches of the information technology systems on which we rely to conduct our business; impairments of our goodwill or other intangible assets; and failure of our share repurchase program to be fully implemented or enhance long-term shareholder value. For additional information on these and other risks and uncertainties, please see Item 1A. “Risk Factors” of Great Lakes' Annual Report on our most recent Form 10-K, Item 1A. “Risk Factors” of Great Lakes' Quarterly Report on Form 10-Q for the quarter ended June 30, 2025 and in other securities filings by Great Lakes with the SEC.

Although Great Lakes believes that its plans, intentions and expectations reflected in or suggested by such forward-looking statements are reasonable, actual results could differ materially from a projection or assumption in any forward-looking statements. Great Lakes' future financial condition and results of operations, as well as any forward-looking statements, are subject to change and inherent risks and uncertainties. The forward-looking statements contained in this press release are made only as of the date hereof and Great Lakes does not have or undertake any obligation to update or revise any forward-looking statements whether as a result of new information, subsequent events or otherwise, unless otherwise required by law.

Condensed Consolidated Statements of Operations (Unaudited and in thousands, except per share amounts)                Three Months Ended  Nine Months Ended   September 30,  September 30,   2025  2024  2025  2024 Contract revenues $195,205  $191,173  $631,825  $559,919 Gross profit  43,760   36,233   149,849   111,647 General and administrative expenses  17,553   19,815   57,069   52,087 Other gains  (1,936)  (276)  (2,395)  (3,198)Operating income  28,143   16,694   95,175   62,758 Interest expense—net  (4,558)  (4,888)  (13,224)  (12,977)Other income  264   200   142   753 Income before income taxes  23,849   12,006   82,093   50,534 Income tax provision  (6,125)  (3,154)  (21,258)  (12,985)Net income $17,724  $8,852  $60,835  $37,549              Basic earnings per share $0.27  $0.13  $0.91  $0.56 Basic weighted average shares  66,684   67,217   66,920   67,021              Diluted earnings per share $0.26  $0.13  $0.90  $0.55 Diluted weighted average shares  67,347   67,830   67,727   67,687  Great Lakes Dredge & Dock Corporation Reconciliation of Net Income to Adjusted EBITDA (Unaudited and in thousands)                Three Months Ended  Nine Months Ended   September 30,  September 30,   2025  2024  2025  2024 Net income $17,724  $8,852  $60,835  $37,549 Adjusted for:            Interest expense—net  4,558   4,888   13,224   12,977 Income tax provision  6,125   3,154   21,258   12,985 Depreciation and amortization  10,867   10,089   32,042   32,217 Adjusted EBITDA $39,274  $26,983  $127,359  $95,728  Great Lakes Dredge & Dock Corporation Selected Balance Sheet Information (Unaudited and in thousands)          Period Ended   September 30,  December 31,   2025  2024        Cash and cash equivalents $12,671  $10,216 Total current assets  229,844   263,418 Property and equipment—net        excluding construction in progress  558,045   438,727 Construction in progress  222,994   264,525 Total assets  1,267,739   1,255,103 Total current liabilities  191,678   216,013 Total long-term debt  415,321   448,216 Total equity  502,112   448,910  Great Lakes Dredge & Dock CorporationRevenue and Backlog Data(Unaudited and in thousands)            Three Months Ended  Nine Months Ended   September 30,  September 30, Revenues 2025  2024  2025  2024 Capital $126,285  $108,682  $322,777  $249,329 Coastal protection  39,807   43,913   225,638   178,034 Maintenance  22,991   38,578   77,288   132,556 Total dredging revenues  189,083   191,173   625,703   559,919 Offshore energy  6,122   -   6,122   - Total revenues $195,205  $191,173  $631,825  $559,919    As of   September 30,  December 31,  September 30, Backlog 2025  2024  2024 Dredging:         Capital $654,458  $799,565  $898,898 Coastal protection  132,442   328,073   218,321 Maintenance  147,605   66,561   95,920 Total dredging backlog  934,505   1,194,199   1,213,139 Offshore energy  72,951   44,945   44,945 Total backlog $1,007,456  $1,239,144  $1,258,084 
For further information contact:
Eric Birge
Vice President of Investor Relations
313-220-3053

, /PRNewswire/ -- Global safety equipment manufacturer MSA Safety, Inc. (NYSE: MSA), today announced that the latest edition of its revolutionary self-contained breathing apparatus (SCBA), the MSA® G1™ XR 2025 Edition SCBA, has received U.S. government approval from the National Institute of Occupational Safety and Health (NIOSH) and certification from the Safety Equipment Institute (SEI) as compliant to the 2025 Edition of the National Fire Protection Association's (NFPA) 1970 performance standard. Fire departments can order the MSA G1 XR 2025 Edition immediately, and production is scheduled to ramp up over the next several months at the company's manufacturing facility in Murrysville, located just outside of Pittsburgh, Pa.

Unveiled earlier this year at the annual Fire Department Instructor's Conference in Indianapolis, Ind., the G1 XR Edition is the latest evolution of the G1 SCBA platform and features enhancements to various soft goods and Bluetooth® indicators. This latest edition of the G1 builds on 10 years of continuous innovation driven by firefighter feedback and aligns with meeting the new NFPA performance standard requirements.

The 2025 Edition of the NFPA 1970 performance standard consolidates several prior standard editions, including 1981 and 1982, and mandates three primary upgrades to the SCBA. These upgrades, which are now available in the G1 XR 2025 Edition, include:

A change in the end-of-service time indicator: An alarm bell on the SCBA will ring when the air supply in a cylinder is at 31 percent remaining for a 4500 pressure-per-square-inch "PSI" system. Prior standard editions called for this alarm to ring when the air supply in a cylinder was at 35 percent remaining.
A change in soft goods: All soft goods, including the straps and emergency breathing pouches, on an SCBA are now removeable by a firefighter for easy cleaning.
New requirements to Bluetooth connection indicators: Located on either the SCBA's control module or on the heads-up display inside the firefighter's facepiece, this indicator confirms radio connection to the SCBA. The location of the indicator is dependent on the type of radio the firefighter is using for communication.

"As the needs of the fire service continue to evolve, our team remains at the ready to continue to innovate and earn the trust of firefighters around the world," said Steve Blanco, MSA Safety President and Chief Executive Officer. "The latest enhancements to the G1 SCBA are a reflection of our mission at work – developing solutions that will advance worker health and safety."

To address the needs of firefighters, the G1 SCBA platform features 15 U.S. patents covering a broad range of innovative solutions to enhance safety, comfort, situational awareness and operational efficiency. These features include standard voice amplification and radio interface capability, an advanced electronics platform powered by a single rechargeable battery, and an integrated telemetry solution. 

About MSA Safety

MSA Safety Incorporated (NYSE: MSA) is the global leader in advanced safety products, technologies and solutions. Driven by its singular mission of safety, the company has been at the forefront of safety innovation since 1914, protecting workers and facility infrastructure around the world across a broad range of diverse end markets while creating sustainable value for shareholders. With 2024 revenues of $1.8 billion, MSA Safety is headquartered in Cranberry Township, Pennsylvania and employs a team of more than 5,000 associates across its more than 40 international locations. For more information, please visit www.MSASafety.com.

SOURCE MSA Safety

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Corporate America is getting rocked by historic rounds of white-collar layoffs, leading some to wonder: Has AI finally come for their jobs?

While the proliferation of generative and agentic artificial intelligence is playing a role, recent job cut announcements from companies like Amazon, UPS and Target are about a lot more than just the advance of new technology. 

The firms, which each announced layoffs in recent weeks totaling more than 60,000 roles eliminated this year, said they're trying to cut corporate bloat, streamline operations and adjust to new business models.

But in the absence of the Bureau of Labor Statistics' monthly jobs report, which has gone dark amid the government shutdown, the layoff announcements have raised questions about the strength of the labor market and if it's the start of an AI-driven, white-collar recession. 

AI is likely playing a role in the layoffs because companies that are investing more in the technology need to cut costs elsewhere, but there is little to suggest the latest cuts are directly related to AI replacing a person's job, labor experts and economists said.

"We spend a lot of time looking carefully at companies that are actually trying to implement AI, and there's very little evidence that it cuts jobs anywhere near like the level that we're talking about. In most cases, it doesn't cut headcount at all," said Peter Cappelli, a professor of management at the Wharton School and director of its Center for Human Resources. "Using AI and introducing it to save jobs turns out to be an enormously complicated and time consuming exercise … There's still a perception that it's simple and easy and cheap to do, and it's really not." 

Still, the cuts, which come after a string of layoffs across the tech industry, have cast a dark cloud on a teetering economy that's been wracked by persistent inflation, rising delinquencies, falling consumer sentiment and an average effective tariff rate that's at its highest level in nearly a century, according to estimates from The Budget Lab at Yale University.

The growing pile of bad news has done little to shock the stock market, which is at near-record highs, but that's largely because it's been buoyed in part by by AI mega-caps.

Cappelli attributed the recent surge in layoff announcements to concerns about the state of the economy. He also noted a likely "bandwagon" effect in which companies see their competitors cutting so they too start making cuts. 

"If it looks like everybody is cutting, then you say, 'They must know something we don't know,'" said Cappelli. He added investors often reward cutting: "They want to hear that you're cutting because it looks like you're doing something good. It looks like becoming more efficient."

To be sure, AI and automation are potentially enabling some of the cuts, and the emerging technology is poised to help all companies reduce costs and boost efficiency in the coming years. But the reasons behind each layoff and the role AI is playing are nuanced, and vary company by company.

Starbucks' decision to cut around 2,000 corporate jobs in two rounds this year is related to slowing sales at the company and a larger turnaround effort led by its new CEO, Brian Niccol. Layoffs at Meta's AI unit, which impacted around 600 jobs, came as the company said it wants to operate more nimbly and reduce layers. Intel's decision to lay off about 15% of its workforce came after it overinvested in chip manufacturing without adequate demand. 

Together, they represent what John Challenger, the CEO of job placement firm Challenger, Gray & Christmas, described as a turning point in the economy and job market.

"We were in this no-hire, no-fire, type of zone. Economy was moving ahead. The labor markets were feeling pressure, but certainly, unemployment had stayed relatively strong," he said. "These job cuts do suggest that the dam may be breaking as the economy slows."

The earliest signals, he said, could be coming from retail, shipping and distribution.

The world's largest startup  During the Covid-19 pandemic, Amazon went on a hiring spree in part to meet a surge in demand for e-commerce and cloud computing services, leading its corporate and frontline workforces to more than double to 1.3 million employees between 2019 and 2020. 

By 2021, the company had swelled to 1.6 million employees globally, the same year Andy Jassy succeeded Jeff Bezos as CEO. 

Since taking over, Jassy has been trying to undo some of that work.

Last week's layoff announcement, impacting 14,000 corporate jobs, is expected to be the largest in the company's history and to impact nearly every unit in the company. It marks Amazon's second round of cuts in three years and amounts to more than 41,000 corporate job cuts since 2022, with more potentially on the way come 2026.

Though AI is part of the picture, there's more at work behind the reductions.

Jassy said in the days following the announcement that the changes were neither AI- nor financially driven, but were instead to cut corporate fat so the company can operate as the world's largest startup.

Amazon said it's not replacing workers with AI, at least not yet, but it does need to cut employees so it can invest in the technology. As those costs come down, Amazon has earmarked hefty investments in cloud infrastructure to support AI workloads while simultaneously pushing out a flurry of AI services and tools across the company. 

It's contributed to a rise in capital expenditures, which are now expected to reach $125 billion this year, up from a prior forecast of $118 billion.

Jassy said previously that the company's workforce would shrink in the future as a result of its embrace of generative AI but it still plans to keep hiring in "key strategic areas." Over time, the company will need "fewer people doing some of the jobs that are being done today" but "more people doing other types of jobs," Jassy said in June. 

The cuts are also part of a larger goal of Jassy's to make the company more nimble, reduce bureaucracy and remove layers so it can operate faster and smarter. 

"It's culture," Jassy said during Amazon's quarterly earnings call Thursday. "If you grow as fast as we did for several years, you know, the size of the businesses, the number of people, the number of locations, the types of businesses you're in, you end up with a lot more people than what you had before, and you end up with a lot more layers."

Smart money In January, UPS announced a major change in its strategy.

The logistics firm said it was going to pare down its relationship with its largest customer, Amazon, in favor of higher-margin businesses that require fewer people to operate. 

In fiscal 2024, Amazon shipments represented nearly 12% of revenue for UPS. The logistics giant said it was planning to reduce that volume by more than half by June because of the relatively low margins.

"This was not their ask. This was us. This was UPS taking control of our destiny," CEO Carol Tomé told analysts in January. 

In turn, UPS said it was pivoting to more profitable businesses, like health care, returns and business-to-business services and as a result, would require fewer resources. 

"As we bring volume down, we will not only reduce the hours of miles associated with this volume, we will be able to take out fixed costs to match our capacity to our new expected volume levels," finance chief Brian Dykes said in January. "We expect to close up to 10% of our building, cut back our vehicle and aircraft fleets and reduce labor." 

Last week the company said it had deepened previously planned job cuts for a total of 48,000 roles eliminated so far this year across operational employees and office workers.

In the first half of 2025, parcel volumes were down 5.4% at UPS compared to the year-ago period, according to data from ShipMatrix, and the company has been changing its corporate structure to adjust to lower volume.

The bulk of its layoffs this year, representing 34,000 operational jobs, were related to its decision to close 93 buildings – not replace people with robotics, the company said. 

The 14,000 additional corporate roles it cut were partially related to AI, but the technology was not the primary driver, a spokesperson said. 

Where AI and automation are expected to hit UPS most is in its future hiring plans.

As the company plans to bring automation to more of its facilities, it won't need to hire as many people. Last week, UPS said 66% of its volume during the fourth quarter would come through automated facilities, up from 63% a year prior. That number is expected to move higher in the years ahead. 

Still, that doesn't necessarily mean those jobs are disappearing – some could be migrating from UPS to other companies, said Jason Miller, a professor of supply chain management at Michigan State University's business school.

Miller said there's a "reallocation" effect happening where one firm is losing business and shedding payroll — while another is gaining. The number of jobs may be the same, but the location, qualities and duties can differ, he said. 

BLS data on the number of people employed in "courier" positions, which covers roles at places like UPS and Amazon, reflects that trend. As of August, courier positions were only down about 2% from their all-time high, and they've been on the rise over the last three years, the data show. 

When tariffs bite Target's announcement last month that it would be cutting 1,800 jobs, representing about 8% of its corporate workforce, is a window into both consumer spending and the retailer's own specific challenges. 

It's Target's first major round of layoffs in a decade and comes after four years of roughly stagnant revenue. The retailer's incoming CEO, Michael Fiddelke, said the cuts are about reducing complexity at a company that's seen its workforce grow faster than sales. 

Unlike some of its competitors, the bulk of Target's revenue comes from the kinds of products that are nice to have, but not necessary, such as holiday mugs, trendy sweaters and home decor. 

That means when consumer spending starts to slow down, Target feels it more acutely than its rival Walmart, which earns the majority of its revenue from groceries. 

Slower consumer spending has been partially to blame for a decline in Target's performance in recent years, but the introduction of tariffs, which are pushing prices higher, could make that impact even worse. 

"Buyers' willingness to pay is staying flat, inflation is high, income isn't going very up so firms' ability to sort of increase price to maintain their margin is being squeezed," said Daniel Keum, an associate professor of management at Columbia Business School, who studies labor market dynamics. "If you can't increase price, you have to reduce cost.

"How operationally do I manage cost?" Keum added. "I mean No. 1, like, let's lay off white-collar people." 

Outside of macroeconomic conditions, Target's business has also suffered from a number of self-inflicted challenges. The quality of its merchandise has taken a dive, fewer staff and frequent out-of-stocks have made its stores less enjoyable to shop in, customers and insiders told CNBC earlier this year. The retailer has also struggled to manage its inventory, which has impacted its profitability. 

All of these issues combined have left Target with a workforce that has grown faster than sales and a complex corporate structure that has hampered decision-making and created needless red tape. 

Between fiscal 2023 and fiscal 2024, Target's global workforce grew 6% from 415,000 employees to 440,000, but in the same time period, sales declined 0.8%, according to company filings. 

"The truth is, the complexity we've created over time has been holding us back," Fiddelke told Target employees in a memo when announcing the job cuts. "Too many layers and overlapping work have slowed decisions, making it harder to bring ideas to life."

He didn't cite AI in his memo but did say the cuts will help the company execute faster so it can better "accelerate technology." 

— CNBC's Melissa Repko and Steve Liesman contributed to this report.

Ingredion (INGR - Free Report) came out with quarterly earnings of $2.75 per share, beating the Zacks Consensus Estimate of $2.73 per share. This compares to earnings of $3.05 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +0.73%. A quarter ago, it was expected that this food sweetener, starch and nutritional ingredient company would post earnings of $2.78 per share when it actually produced earnings of $2.87, delivering a surprise of +3.24%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Ingredion, which belongs to the Zacks Food - Miscellaneous industry, posted revenues of $1.82 billion for the quarter ended September 2025, missing the Zacks Consensus Estimate by 2.31%. This compares to year-ago revenues of $1.87 billion. The company has not been able to beat consensus revenue estimates 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.

Ingredion shares have lost about 17% since the beginning of the year versus the S&P 500's gain of 16.5%.

What's Next for Ingredion?While Ingredion 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 Ingredion was unfavorable. 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 #5 (Strong Sell) for the stock. So, the shares are expected to underperform 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 $2.53 on $1.8 billion in revenues for the coming quarter and $11.10 on $7.3 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, Food - Miscellaneous is currently in the bottom 33% 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.

TreeHouse Foods (THS - Free Report) , another stock in the same industry, has yet to report results for the quarter ended September 2025. The results are expected to be released on November 10.

This food maker is expected to post quarterly earnings of $0.53 per share in its upcoming report, which represents a year-over-year change of -28.4%. The consensus EPS estimate for the quarter has been revised 0.3% lower over the last 30 days to the current level.

TreeHouse Foods' revenues are expected to be $852.1 million, up 1.6% from the year-ago quarter.

Key Takeaways Ford's October U.S. sales rose 1.6% to 175,584 units, lifted by demand for gasoline vehicles.Ford EV sales plunged nearly 25% year over year after the $7,500 federal tax credit expired.Truck sales climbed 4.9%. Models like Ranger, Bronco and gas-powered Mustang record strong gains.
Ford (F - Free Report) managed a modest sales uptick in October, even as its electric vehicle momentum sharply reversed. The U.S. automaker reported total sales of 175,584 units, up 1.6% year over year, buoyed by resilient demand for gasoline-powered vehicles. Year to date, Ford’s U.S. deliveries have risen 6.6% to 1.83 million vehicles.

But beneath these headline numbers lies a growing divergence between Ford’s legacy business and its electric ambitions. After a record-breaking September, Ford’s EV sales tumbled in October — a reminder of how dependent demand had become on federal tax incentives.

EV Sales Take a Post-Incentive NosediveOctober’s figures showed a sharp cooling in Ford’s electric vehicle segment following the expiration of the $7,500 federal EV tax credit at the end of September. Despite sluggish EV sales in October, Ford has sold 74,309 EVs year to date, up just 0.5% from last year.

Ford posted record Q3 EV deliveries as buyers rushed to secure the incentive. But EV sales dropped nearly 25% year over year to 4,709 units in October. Mustang Mach-E fell 12.3% in October to 2,906 units, though it rose 15% year to date. F-150 Lightning, whose production is currently paused due to the fire at the Novelis plant, slid 17.2% to 1,543 units. The E-Transit cargo van plunged 76% to only 260 units.

The retreat underscores the role of federal incentives in sustaining EV demand. According to Edmunds, leasing accounted for about 71% of financed EV purchases in September as consumers rushed to take advantage of the credit. That share slipped to 60% in October once the incentive expired, while average transaction prices jumped from $60,167 to $65,021, reflecting fewer discounts and a higher mix of premium models. The resulting affordability squeeze clearly hit EV volumes of many companies.

Many of the auto biggies don’t disclose their monthly sales figures anymore, including Ford’s close peer General Motors (GM - Free Report) . Still, available data paints a clear picture of industry-wide softness. Per CNBC, Toyota (TM - Free Report) sold just 18 units of its all-electric BZ model in October, plunging from 1,401 a year earlier and 61 units in September. Hyundai and Kia also reported steep declines in their top EV models, with sales falling between 52% and 71% year over year. The pullback looks even sharper on a month-to-month basis due to post-incentive drops, as September capped a record quarter for U.S. EV sales.

Gas Models Pick Up the SlackWhile electric sales faltered, Ford’s gasoline lineup kept the company’s overall numbers in positive territory. Truck sales rose 4.9% in October to 105,771 units, with pickups remaining the backbone of Ford’s business. The F-Series, Ford’s top profit driver, posted a small but meaningful 0.7% gain to 67,930 units.

Other gas models delivered stronger rebounds. Bronco climbed 14.4%, Ranger surged 48%, and the gas-powered Mustang jumped 43% to 3,845 units, finally outselling its electric counterpart after months of lagging. Explorer and Expedition also notched modest gains, helping offset declines in the discontinued Edge and the aging Escape, which saw sales drop 16.4%.

Hybrid sales softened 4% to 17,498 units in October, but were up nearly 20% year to date. Ford’s luxury brand Lincoln struggled, with sales down 13.4% to 8,100 units. Despite a 37.6% jump in Navigator deliveries, every other Lincoln model saw double-digit declines. Even so, Lincoln’s year-to-date sales remain slightly positive, up 3.6% at 83,879 vehicles.

Final ThoughtsThe post-tax credit slump in EV sales was expected, yet it emphasizes how much Ford’s electric growth depends on incentives and pricing flexibility. For now, the company’s traditional truck and SUV lines — particularly the F-Series, Ranger, and Bronco — continue to do the heavy lifting.

Ford’s challenge will be balancing that profitable legacy with an EV business that’s still finding its footing in a tougher, incentive-free environment. Whether Ford can keep growing as EV momentum falters will depend on how quickly the company can recalibrate production, manage costs, and reignite demand without federal tailwinds.

The Zacks Rundown for FordShares of Ford have gained 22.8% over the past year, underperforming the industry. General Motors and Toyota shares have risen 27% and 18%, respectively, over the same period.

Image Source: Zacks Investment Research

From a valuation standpoint, F trades at a forward price-to-sales ratio of 0.32, below the industry average. It carries a Value Score of A. In comparison to this, General Motors and Toyota trade at 0.35 and 0.83, respectively.

Image Source: Zacks Investment Research

Take a look at how Ford’s EPS estimates have been revised over the past 90 days.

Image Source: Zacks Investment Research

Ford stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Schaeffler AG (OTCPK:SFFLY) Q3 2025 Earnings Call November 4, 2025 4:00 AM EST

Company Participants

Heiko Eber - Head of Investor Relations (IR)
Klaus Rosenfeld - CEO, Member of Board of Managing Directors, Regional CEO of Europe & Member of Executive Board
Christophe Hannequin - Chief Financial Officer

Conference Call Participants

Horst Schneider - BofA Securities, Research Division
Vanessa Jeffriess - Jefferies LLC, Research Division
Ross MacDonald - Citigroup Inc., Research Division
Michael Punzet - DZ Bank AG, Research Division

Presentation

Operator

Ladies and gentlemen, welcome to the Schaeffler Group Q3 2025 Earnings Conference Call. I'm Sergen, the Chorus Call operator. [Operator Instructions] And the conference is being recorded. [Operator Instructions] The conference must not be recorded for publication or broadcast.

At this time, it's my pleasure to hand over to Heiko Eber, Head of Investor Relations. Please go ahead.

Heiko Eber
Head of Investor Relations (IR)

Thank you, operator. Ladies and gentlemen, I'm very happy to welcome you to today's call on the financial results Q3 2025. The press release, the following presentation and our interim statement has been published today at 8 a.m. CET on our Investor Relations web page. And for sure, after the meeting, we will provide the recording and the transcript of this webcast.

As a quick reminder, please note that all figures for 2024 are pro forma figures unless they are marked separately as reported figures, and the mentioned pro forma figures 2024 and related information are unaudited.

As always, Klaus Rosenfeld, our CEO; and Christophe Hannequin, our CFO, have joined the conference call to guide you through the key information in our presentation. And, of course, afterwards, both gentlemen will be available for our Q&A.

Now, without further ado, let me hand over to our CEO.

Klaus Rosenfeld
CEO, Member of Board of Managing Directors, Regional CEO

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MVNC's B2B2C Expansion Bridges Logistics and Retail Ecosystem, Strengthening Growth and Market Visibility

, /PRNewswire/ -- Marvion Inc. (OTCQB: MVNC) is pleased to announce that the Company has signed a Memorandum of Understanding (MOU) with Hong Kong-based eCommerce logistics company 8M Limited to jointly develop a "Delivery and Disposal" service model for large household products and furniture.

Under the MOU, MVNC's subsidiary KSK Logistics will provide professional delivery, installation, and disposal services directly for 8M, marking MVNC's first step into direct collaboration with online retail platforms, transitioning from a pure B2B model to a B2B2C operational framework.

Additionally, United Warehouse Management Limited, another MVNC subsidiary, will provide its Yuen Long warehouse as a hybrid showroom and logistics center to support 8M's retail promotions for furniture and mattresses, further enhancing service integration and customer engagement.

Mr. Chan Sze Yu, CEO of Marvion Inc., stated, "This partnership represents a strategic milestone for MVNC as we align our logistics and warehousing assets with the fast-growing eCommerce and new retail sectors. By connecting directly to online platforms, our subsidiaries can engage customers more effectively and diversify revenue streams with sustainable long-term potential."

Strategic and Investor Highlights:

Direct Access to eCommerce Platforms: Establishes a recurring B2B2C revenue foundation.
Enhanced Asset Utilization: Yuen Long warehouse becomes a logistics + retail hybrid hub.
Brand Visibility & Market Reach: Supports trade-in and disposal initiatives across Hong Kong.
Sustainable Growth Path: Expands recurring income through integrated value-added logistics.

Mr. Chan added,"Our vision is to transform MVNC from a logistics operator into a cross-sector growth platform — connecting supply chains, consumers, and smart retail."

About Marvion

Mavion Inc. (OTCQB: MVNC) is a group provides logistics and warehousing services in the Hong Kong market.  The group provides one-stop transport and storage solutions to business clients.

Website: http://www.unitedksk.com

For media queries, please contact:
[email protected] 

SOURCE Marvion Inc.

LOS ANGELES, Nov. 04, 2025 (GLOBE NEWSWIRE) -- The DJS Law Group reminds investors of a class action lawsuit against Fly-E Group, Inc. (“Fly-E” or “the Company”) (NASDAQ: FLYE) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Shareholders who purchased shares of FLYE during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.

CLASS PERIOD: July 15, 2025 to August 14, 2025

DEADLINE: November 7, 2025

CASE DETAILS: According to the Complaint, the Company made false and misleading statements to the market. The revenue goals shared by Fly-E had no basis in reality when compared to its actual performance. The Company was overly optimistic in its ability to reduce costs and achieve attractive pricing from suppliers. Based on these facts, Fly-E’s public statements were false and materially misleading throughout the class period.

If you are a shareholder who suffered a loss, contact us to participate.

NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. There is no cost or obligation to you to participate in this case.

WHY DJS LAW GROUP? DJS Law Group’s primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.

Join the case to recover your losses.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

David J. Schwartz
DJS Law Group
274 White Plains Road, Suite 1
Eastchester, NY 10709
Phone: 914-206-9742
Email: [email protected]

Ecovyst (ECVT - Free Report) came out with quarterly earnings of $0.19 per share, missing the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.14 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -17.39%. A quarter ago, it was expected that this specialty chemical producer would post earnings of $0.11 per share when it actually produced earnings of $0.12, delivering a surprise of +9.09%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

Ecovyst, which belongs to the Zacks Chemical - Specialty industry, posted revenues of $204.9 million for the quarter ended September 2025, missing the Zacks Consensus Estimate by 10.49%. This compares to year-ago revenues of $179.2 million. The company has not been able to beat consensus revenue estimates 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.

Ecovyst shares have added about 8.3% since the beginning of the year versus the S&P 500's gain of 16.5%.

What's Next for Ecovyst?While Ecovyst 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 Ecovyst 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 $0.32 on $226.85 million in revenues for the coming quarter and $0.71 on $818.07 million 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, Chemical - Specialty is currently in the bottom 36% 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.

Trinseo (TSE - Free Report) , another stock in the same industry, has yet to report results for the quarter ended September 2025. The results are expected to be released on November 6.

This plastics and latex maker is expected to post quarterly loss of $1.96 per share in its upcoming report, which represents a year-over-year change of -21%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Trinseo's revenues are expected to be $792 million, down 8.7% from the year-ago quarter.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Crypto coins have been experiencing a notable surge, with Zcash, ICP, and DASH seeing significant gains. Zcash has climbed by 20% over the past 24 hours, while ICP saw a 35% rise. DASH has performed exceptionally, increasing by 60% in a single day and by an extraordinary 170% over the last week. These cryptocurrencies are trending, which provides an optimistic outlook in an otherwise deteriorating market.

Nevertheless, the wider market is still experiencing difficulties, as a crypto crash grips it. The market has dropped by 4.42% in the past day, which adds to a drop of 17% over the past one month. With increasing liquidations, the future is still uncertain.

Crypto Coins See Major Gains Today: DASH Leads the Way
DASH price has seen a significant rise, reaching $136, with an impressive 290% increase this month. The rise is mostly triggered by the increased demand for privacy-focused crypto coins, with the purpose of on-chain anonymity and financial freedom becoming more popular.

Recent additions of DASH to the decentralized exchange Aster on November 2 are one of the essential causes of the price increase. The impact of this event has been the renewed confidence among the investors and trading activities that have helped the overall momentum of the market.

Why is ZCASH Price Up Today?
Zcash price surged to $474, continuing its impressive 30-day rally of +195%, even as the broader crypto market dipped. The peak has been greatly driven by rising attention of prominent figures like Arthur Hayes, who has projected a range of prices between 10 K and 20 K of Zcash, and Naval Ravikant, who regards Zcash as insurance against Bitcoin.

Moreover, the anticipation of a significant decrease in block reward of about 3.125 to 1.5625 ZEC to be realized through an imminent halving of the block reward in November 2025 has contributed to the bullish mood. Breakout of major price levels has also caused short sellers to close positions.

Why is Dash’s price doing so well this month? 🤔📈

Everyone is noticing how well Dash has been doing recently. But this wasn’t an overnight success. We’ve been working very, very hard for years to achieve this.

Thread time! 🧵

Here are five big achievements we’ve had over the… pic.twitter.com/zXkDrWMu6K

— Dash (@Dashpay) November 1, 2025

Internet Computer (ICP) Price
Internet Computer (ICP) experienced a remarkable surge in the past 24 hours, with its price soaring by over 30%. The upward movement was triggered by a technical breakout, which saw ICP clear crucial resistance levels and spark short liquidations. 

Additional momentum behind this rally is an increasing ecosystem, such as prominent AI and DeFi integrations, and subnet upgrades. The increase in the crypto market sentiment is realized in the trading volume of ICP, which has reached its highest level in the past 1.5 years, a net of 63.22%, of 764.55 million.

In conclusion, the Crypto coins such as DASH, ZEC, and ICP are recording high gains in the face of the widespread market convulsions. BTC, SOL, and ADA are on a downward trajectory, but DASH is surging due to the increased popularity of privacy coins, ZEC is riding the upcoming halving hype, and ICP is rising as a result of ecosystem expansions and technical breakouts.

Frequently Asked Questions (FAQs)

Crypto coins like DASH, ZEC, and ICP are surging due to growing interest in privacy coins, upcoming halving events, and technical breakouts, as well as overall ecosystem momentum, despite a generally declining broader market.

DASH's price surge is mainly driven by increased demand for privacy-centric cryptocurrencies, its recent listing on the Aster decentralized exchange, and rising investor confidence in privacy coins as a hedge against market volatility.

Zcash's upcoming halving event, set for November 2025, is reducing block rewards, increasing scarcity, and boosting bullish sentiment. This, combined with strong endorsements from high-profile figures, has driven increased market optimism for ZEC.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

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The onchain transactions of the exploiter behind the $116 million Balancer hack point to a sophisticated actor and extensive preparation that may have taken months to orchestrate without leaving a trace, according to new onchain analysis.

The decentralized exchange (DEX) and automated market maker (AMM) Balancer was exploited for around $116 million worth of digital assets on Monday.

Blockchain data shows the attacker carefully funded their account using small 0.1 Ether (ETH) deposits from cryptocurrency mixer Tornado Cash to avoid detection.
Conor Grogan, director at Coinbase, said the exploiter had at least 100 ETH stored in Tornado Cash smart contracts, indicating possible links to previous hacks.

“Hacker seems experienced: 1. Seeded account via 100 ETH and 0.1 Tornado Cash deposits. No opsec leaks,” said Grogan in a Monday X post. “Since there were no recent 100 ETH Tornado deposits, likely that exploiter had funds there from previous exploits.”

Grogan noted that users rarely store such large sums in privacy mixers, further suggesting the attacker’s professionalism.

Source: Conor GroganBalancer offered the exploiter a 20% white hat bounty if the stolen funds were returned in full amount, minus the reward, by Wednesday.

“Our team is working with leading security researchers to understand the issue and will share additional findings and a full post-mortem as soon as possible,” wrote Balancer in its latest X update on Monday.

Balancer exploit was most sophisticated attack of 2025: CyversThe Balancer exploit is one of the “most sophisticated attacks we’ve seen this year,” according to Deddy Lavid, co-founder and CEO of blockchain security firm Cyvers:

“The attackers bypassed access control layers to manipulate asset balances directly, a critical failure in operational governance rather than core protocol logic.”Lavid said the attack demonstrates that static code audits are no longer sufficient. Instead, he called for continuous, real-time monitoring to flag suspicious flows before funds are drained.

Lazarus Group paused illicit activity for months ahead of the $1.4 billion Bybit hackThe infamous North Korean Lazarus Group has also been known to perform extensive preparations ahead of their biggest hacks. 

According to blockchain analytics firm Chainalysis, illicit activity tied to North Korean cyber actors sharply declined after July 1, 2024, despite a surge in attacks earlier that year.

North Korean hacking activity before and after July 1. Source: ChainalysisThe significant slowdown ahead of the Bybit hack signaled that the state-backed hacking group was “regrouping to select new targets,” according to Eric Jardine, Chainalysis cybercrimes research Lead.

“The slowdown that we observed could have been a regrouping to select new targets, probe infrastructure, or it could have been linked to those geopolitical events,” he told Cointelegraph.

It took the Lazarus Group 10 days to launder 100% of the stolen Bybit funds through the decentralized crosschain protocol THORChain, Cointelegraph reported on March 4.

Magazine: Coinbase hack shows the law probably won’t protect you — Here’s why

 Dogecoin (DOGE) has come under heavy selling pressure this week as large holders, or “whales,” began aggressively reducing their exposure. 

According to analyst Ali Martinez, citing data from Santiment, wallets holding between 10 million and 100 million DOGE have sold around one billion coins in the past seven days, triggering a sharp market correction that wiped approximately $5 billion from the meme coin’s market capitalization.

https://twitter.com/ali_charts/status/1985610212578095570

On-chain metrics show steady outflows from this whale cohort since mid-October, a group often associated with early accumulators and market makers. Their sustained selling has coincided with Dogecoin’s slide below the 18-cent threshold, suggesting that institutional and large private investors are taking profits or repositioning ahead of broader market volatility.

At the start of last week, Dogecoin’s market capitalization stood at roughly $30.6 billion, according to CoinMarketCap data reviewed by Finbold. By November 4, that figure had fallen to $25.1 billion, reflecting a weekly decline of more than 17%. 

Over the same period, DOGE’s price tumbled to $0.1657, marking a 4.75% drop in the past 24 hours and underperforming the broader cryptocurrency market, which fell by about 3.7%.

DOGE 1-week market cap. Source. CoinMarketCap
Why is Dogecoin price crashing?
The decline appears to have been exacerbated by a combination of market-wide liquidations, whale short positions, and a key technical breakdown. More than $1.36 billion in leveraged crypto positions were liquidated in the past day, with Dogecoin among the hardest-hit altcoins.

One trader reportedly netted over $36 million shorting DOGE, Ethereum, and several other major tokens. The coin also slipped through a crucial support zone near $0.18, triggering a cascade of automated sell-offs across major exchanges.

Despite the slump, trading activity surged, with daily volume rising by more than 90% to $3.9 billion. The spike suggests that while whales are exiting, retail traders may be attempting to capitalize on volatility or accumulate at lower levels.