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Wintrust Financial (WTFC - Free Report) reported $713.17 million in revenue for the quarter ended March 2026, representing a year-over-year increase of 10.9%. EPS of $3.22 for the same period compares to $2.69 a year ago.

The reported revenue represents a surprise of +1.66% over the Zacks Consensus Estimate of $701.55 million. With the consensus EPS estimate being $2.96, the EPS surprise was +8.69%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Wintrust performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Net Interest Margin: 3.5% compared to the 3.5% average estimate based on two analysts.Efficiency Ratio: 53.7% versus the two-analyst average estimate of 55%.Net Interest Income: $579.02 million versus the two-analyst average estimate of $576.7 million.Net interest income - FTE: $581.64 million compared to the $579.56 million average estimate based on two analysts.Total Non-Interest Income: $134.14 million versus the two-analyst average estimate of $124.86 million.View all Key Company Metrics for Wintrust here>>>

Shares of Wintrust have returned +11.8% over the past month versus the Zacks S&P 500 composite's +6.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Investors might want to bet on Wintrust Financial (WTFC - Free Report) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.

The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.

Individual investors often find it hard to make decisions based on rating upgrades by Wall Street analysts, since these are mostly driven by subjective factors that are hard to see and measure in real time. In these situations, the Zacks rating system comes in handy because of the power of a changing earnings picture in determining near-term stock price movements.

As such, the Zacks rating upgrade for Wintrust is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price.

Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock.

For Wintrust, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher.

Harnessing the Power of Earnings Estimate RevisionsEmpirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.

The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .

Earnings Estimate Revisions for WintrustThis bank holding company is expected to earn $13.07 per share for the fiscal year ending December 2026, which represents no year-over-year change.

Analysts have been steadily raising their estimates for Wintrust. Over the past three months, the Zacks Consensus Estimate for the company has increased 4%.

Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.

You can learn more about the Zacks Rank here >>>

The upgrade of Wintrust to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.

$3.1 million to Food Security programs $ 1.8 million to Health & Human Services $871K to Environmental programs , /PRNewswire/ -- Matson contributed a total of $8.6 million in cash and in-kind support in 2025 to 709 charitable organizations and non-profit programs across the communities it serves. 

Cash contributions, including funds directed by employees through the company's Matching Gift program, added up to $3.7 million in 2025, while the value of donated services and equipment totaled $4.9 million.

Matson ‘Aloha Class’ containership Daniel K. Inouye. (PRNewsfoto/MATSON, INC. - PR) The biggest categories of giving for the year were Food Security programs, with $3.1 million in cash and in-kind support; Health & Human Services with $1.8 million in cash and in-kind support; and Environmental programs with $871,000 in cash and in-kind support.

As part of its pandemic response plan in 2020, Matson made a multi-year commitment of $5 million in cash and in-kind services to support food bank networks in Hawaii, Alaska and Guam. In 2023, the company committed to providing another $5 million in cash and in-kind services to continue supporting community food bank networks through 2026.

In 2025, Matson contributed $5.8 million in cash, services and equipment support to organizations in Hawaii, Guam/Micronesia and the South Pacific, with the largest category of giving in Food, Agriculture & Nutrition program support at $2.6 million. The company donated $1.9 million in cash and services to organizations in Alaska, and more than $897,000 in cash donations to community organizations on the continental U.S.

Substantial contributions from donated or discounted shipping supported food banks and food security programs in Hawaii and Alaska as well as environmental and recycling programs in Alaska.

In Hawaii, Matson added 100 containers to its existing pledge of 400 containers of in‑kind shipping services annually through 2026 to help Hawaii Foodbank meet rising demand, equating to 3.5 million additional meals for Hawaii families. Matson also donated $25,000 in cash to The Food Basket, Hawaii Island's Foodbank, and $25,000 in cash to Hawaii Foodbank Kauai.

Larger contributions of in-kind services or cash in Hawaii include:

Hawaii Foodbank - $1.9M Maui Foodbank - $ 555,000 Maui Wildfire Recovery - $ 526,000 Hawaii Pacific Health - $116,000 Big Brothers Big Sisters Hawaii - $100,000 PBS Hawaii - $100,000 Children's Discovery Center - $100,000 Larger contributions of in-kind services or cash in Alaska include:

Alaskans for Litter Prevention and Recycling - $658,700 Food Bank of Alaska - $254,000 University of Alaska Foundation - $66,000 Seward Association for the Advancement of Marine Science - $65,000 Larger contributions of primarily in-kind services in Guam and Micronesia include:

University of Guam Endowment Foundation - $70,000 Ayuda Foundation - $67,000 Canvasback Missions - $25,000 Pacific Mini Games - $21,000 500 Sails - $17,000 Contributions supporting social service programs include:

$100,000 in targeted annual grants supporting 10 social service focused nonprofit programs in Matson communities $87,000 in higher education scholarships aimed at supporting student leaders pursuing fields of study in maritime and supply chain logistics Led by employee committees in Hawaii, Alaska and Guam, Matson focuses its community support on local programs providing vital health care and human services; youth development / recreation; disaster preparedness and recovery; education; cultural and environmental preservation; the arts; agriculture and nutrition; and maritime safety.

Additional information on Matson's community support activities is available in the company's Sustainability Reports posted online at: https://www.matson.com/sustainability/sustainability-reports.html

About the Company

Founded in 1882, Matson (NYSE: MATX) is a leading provider of ocean transportation and logistics services. Matson provides a vital lifeline of ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Alaska, and Guam, and to other island economies in Micronesia. Matson also operates premium, expedited services from China to Long Beach, California, which includes cargo from other Asia origins, provides service to Okinawa, Japan and various islands in the South Pacific, and operates an international export service from Alaska to Asia. The Company's fleet of owned and chartered vessels includes containerships, combination container and roll-on/roll-off ships and barges. Matson Logistics, established in 1987, extends the geographic reach of Matson's transportation network throughout North America and Asia. Its integrated logistics services include rail intermodal, highway brokerage, warehousing, freight consolidation, supply chain management, and freight forwarding to Alaska. Additional information about the Company is available at www.matson.com.

Contact:
Keoni Wagner
Matson
(808) 221-1467
[email protected]

SOURCE Matson, Inc.

Posted by Defense World Staff on Apr 6th, 2026

Matson, Inc. (NYSE:MATX – Get Free Report) has earned a consensus rating of “Hold” from the six ratings firms that are covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $156.25.

Several analysts recently commented on the stock. Wall Street Zen downgraded shares of Matson from a “buy” rating to a “hold” rating in a research report on Sunday, March 15th. Wolfe Research restated an “outperform” rating and issued a $167.00 price objective on shares of Matson in a research note on Thursday, January 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Matson in a report on Monday, December 29th. Finally, Stephens increased their target price on shares of Matson from $190.00 to $213.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 21st.

Check Out Our Latest Stock Report on Matson

Matson Trading Up 0.2% MATX opened at $166.77 on Monday. The firm has a market cap of $5.07 billion, a price-to-earnings ratio of 11.96 and a beta of 1.33. Matson has a 52 week low of $86.97 and a 52 week high of $177.51. The business’s 50 day moving average is $161.39 and its two-hundred day moving average is $129.97. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.11.

Matson (NYSE:MATX – Get Free Report) last posted its quarterly earnings data on Tuesday, February 24th. The shipping company reported $4.60 earnings per share for the quarter, beating the consensus estimate of $3.69 by $0.91. The business had revenue of $851.90 million during the quarter, compared to the consensus estimate of $847.30 million. Matson had a return on equity of 16.63% and a net margin of 13.30%.The company’s revenue was down 4.3% compared to the same quarter last year. During the same period in the prior year, the company earned $3.80 earnings per share. On average, research analysts predict that Matson will post 13.27 EPS for the current year.

Matson Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 5th. Shareholders of record on Thursday, February 5th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Thursday, February 5th. This represents a $1.44 annualized dividend and a yield of 0.9%. Matson’s dividend payout ratio is currently 10.33%.

Insider Activity at Matson In related news, EVP Peter T. Heilmann sold 13,000 shares of the stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $165.46, for a total transaction of $2,150,980.00. Following the completion of the sale, the executive vice president directly owned 32,679 shares of the company’s stock, valued at $5,407,067.34. This trade represents a 28.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Christopher A. Scott sold 2,509 shares of Matson stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $155.00, for a total transaction of $388,895.00. Following the completion of the transaction, the senior vice president owned 14,533 shares in the company, valued at approximately $2,252,615. This trade represents a 14.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 42,550 shares of company stock worth $7,034,602 in the last ninety days. Company insiders own 2.51% of the company’s stock.

Hedge Funds Weigh In On Matson A number of large investors have recently bought and sold shares of the company. Danske Bank A S acquired a new position in shares of Matson during the fourth quarter worth about $25,000. Federated Hermes Inc. lifted its position in Matson by 124.3% in the third quarter. Federated Hermes Inc. now owns 249 shares of the shipping company’s stock valued at $25,000 after purchasing an additional 138 shares during the period. SouthState Bank Corp purchased a new stake in Matson in the 4th quarter valued at approximately $31,000. Headlands Technologies LLC purchased a new stake in Matson in the 2nd quarter valued at approximately $28,000. Finally, EverSource Wealth Advisors LLC increased its position in Matson by 57.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 258 shares of the shipping company’s stock worth $32,000 after purchasing an additional 94 shares during the period. Hedge funds and other institutional investors own 84.76% of the company’s stock.

About Matson (Get Free Report)

Matson, Inc (NYSE: MATX) is a U.S.-based provider of ocean transportation and supply chain logistics services with a focus on Pacific trade lanes. The company operates a fleet of container ships that regularly service Hawaii, Alaska, Guam, Micronesia and other Pacific islands, as well as mainland U.S. ports. Matson’s ocean transportation segment offers scheduled liner services, expedited shipping options and specialized project cargo handling for industries ranging from retail to heavy machinery.

In addition to its core liner operations, Matson offers ocean transportation services between Asia and the U.S.

Featured Stories Five stocks we like better than Matson

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Posted by Defense World Staff on Apr 17th, 2026

RXO (NYSE:RXO – Get Free Report) and Matson (NYSE:MATX – Get Free Report) are both mid-cap transportation companies, but which is the better investment? We will contrast the two companies based on the strength of their risk, dividends, profitability, valuation, institutional ownership, analyst recommendations and earnings.

Analyst Recommendations This is a breakdown of current ratings for RXO and Matson, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score RXO 3 10 3 0 2.00 Matson 0 4 2 0 2.33 RXO currently has a consensus target price of $15.77, suggesting a potential downside of 12.43%. Matson has a consensus target price of $156.25, suggesting a potential downside of 10.32%. Given Matson’s stronger consensus rating and higher probable upside, analysts clearly believe Matson is more favorable than RXO.

Earnings & Valuation This table compares RXO and Matson”s gross revenue, earnings per share and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio RXO $5.74 billion 0.52 -$100.00 million ($0.58) -31.05 Matson $3.34 billion 1.58 $444.80 million $13.94 12.50 Matson has lower revenue, but higher earnings than RXO. RXO is trading at a lower price-to-earnings ratio than Matson, indicating that it is currently the more affordable of the two stocks.

Volatility and Risk RXO has a beta of 1.65, meaning that its stock price is 65% more volatile than the S&P 500. Comparatively, Matson has a beta of 1.33, meaning that its stock price is 33% more volatile than the S&P 500.

Insider & Institutional Ownership 92.7% of RXO shares are owned by institutional investors. Comparatively, 84.8% of Matson shares are owned by institutional investors. 0.8% of RXO shares are owned by insiders. Comparatively, 2.5% of Matson shares are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.

Profitability This table compares RXO and Matson’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets RXO -1.74% -0.44% -0.22% Matson 13.30% 16.63% 9.75% Summary Matson beats RXO on 10 of the 14 factors compared between the two stocks.

About RXO (Get Free Report)

RXO, Inc. provides full truckload freight transportation brokering services. It also offers brokered services for managed transportation, last mile, and freight forwarding. The company was incorporated in 2022 and is based in Charlotte, North Carolina.

About Matson (Get Free Report)

Matson, Inc., together with its subsidiaries, engages in the provision of ocean transportation and logistics services. It operates through two segments, Ocean Transportation and Logistics. The Ocean Transportation segment offers ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Japan, Alaska, and Guam, as well as to other island economies in Micronesia. It primarily transports dry containers of mixed commodities, refrigerated commodities, food products, beverages, building materials, automobiles, and household goods; livestock; seafood; general sustenance cargo; and garments, footwear, e-commerce, and other retail merchandise. This segment also operates an expedited service from China to Long Beach, California, and various islands in the South Pacific, as well as Okinawa, Japan; and provides stevedoring, refrigerated cargo services, inland transportation, container equipment maintenance, and other terminal services to ocean carriers on the Hawaiian islands of Oahu, Hawaii, Maui, and Kauai, as well as in the Alaska locations of Anchorage, Kodiak, and Dutch Harbor. In addition, it offers vessel management and container transshipment services. The Logistics segment provides multimodal transportation brokerage services, including domestic and international rail intermodal, long-haul and regional highway trucking, specialized hauling, flat-bed and project, less-than-truckload, and expedited freight services; less-than-container load consolidation and freight forwarding services; warehousing and distribution services; supply chain management services, and non-vessel operating common carrier freight forwarding services. It serves the U.S. military, freight forwarders, retailers, consumer goods, automobile manufacturers, and other customers. The company was formerly known as Alexander & Baldwin Holdings, Inc. and changed its name to Matson, Inc. in June 2012. Matson, Inc. was founded in 1882 and is headquartered in Honolulu, Hawaii.

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, /PRNewswire/ -- Matson, Inc. ("Matson" or the "Company") (NYSE: MATX), a leading U.S. carrier in the Pacific, today announced that it will release its financial results for the first quarter on Monday, May 4, 2026.

A conference call is scheduled for 4:30 p.m. ET when Matt Cox, Chairman and Chief Executive Officer, and Joel Wine, Executive Vice President and Chief Financial Officer, will discuss Matson's first quarter results.

Date of Conference Call:

Monday, May 4, 2026

Scheduled Time:

4:30 p.m. ET / 1:30 p.m. PT / 10:30 a.m. HT

The conference call will be broadcast live along with an additional slide presentation on the Company's website at www.matson.com, under Investors. 

Participants may register for the conference call at:

https://register-conf.media-server.com/register/BI512867b8cdba4b7f9aa576788a36799a

Registered participants will receive the conference call dial-in number and a unique PIN code to access the live event. While not required, it is recommended you join 10 minutes prior to the event starting time. A replay of the conference call will be available approximately two hours after the event by accessing the webcast link at www.matson.com, under Investors.

About the Company
Founded in 1882, Matson (NYSE: MATX) is a leading provider of ocean transportation and logistics services. Matson provides a vital lifeline of ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Alaska, and Guam, and to other island economies in Micronesia. Matson also operates premium, expedited services from China to Long Beach, California, which includes cargo from other Asia origins, provides services to Okinawa, Japan and various islands in the South Pacific, and operates an international export service from Alaska to Asia. The Company's fleet of owned and chartered vessels includes containerships, combination container and roll-on/roll-off ships and barges. Matson Logistics, established in 1987, extends the geographic reach of Matson's transportation network throughout North America and Asia. Its integrated logistics services include rail intermodal, highway brokerage, warehousing, freight consolidation, supply chain management, and freight forwarding to Alaska. Additional information about the Company is available at www.matson.com.

SOURCE Matson, Inc.

, /PRNewswire/ -- The Board of Directors of Matson, Inc. (NYSE: MATX), a leading U.S. carrier in the Pacific, approved adding three million shares to its existing share repurchase program and extending the program to December 31, 2029.  As of April 23, 2026, the existing share repurchase program had approximately 0.7 million shares remaining.  The Board also declared a second quarter dividend of $0.36 per common share.  The dividend will be paid on June 4, 2026 to all shareholders of record as of the close of business on May 7, 2026.

"We are pleased to announce an additional three million shares to our existing share repurchase program," said Matt Cox, Matson's Chairman and Chief Executive Officer.  "Since we commenced our share repurchase program in August 2021, we have repurchased approximately 14.3 million shares, or approximately 33% of the then outstanding shares, for a total cost of $1.3 billion.  Going forward, we will continue to be both disciplined and opportunistic in our capital allocation, and we remain committed to returning excess cash to shareholders to create additional shareholder value over the long-term." 

Shares will be repurchased in the open market from time to time at the Company's discretion, based on ongoing assessments of the capital needs of the business, the market price of its common shares and general market conditions.  The Company may enter into Rule 10b5-1 plans to facilitate purchases under the program.  The repurchase program may be suspended or discontinued at any time.

About the Company

Founded in 1882, Matson (NYSE: MATX) is a leading provider of ocean transportation and logistics services.  Matson provides a vital lifeline of ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Alaska, and Guam, and to other island economies in Micronesia.  Matson also operates premium, expedited services from China to Long Beach, California, which includes cargo from other Asia origins, provides services to Okinawa, Japan and various islands in the South Pacific, and operates an international export service from Alaska to Asia.  The Company's fleet of owned and chartered vessels includes containerships, combination container and roll-on/roll-off ships and barges.  Matson Logistics, established in 1987, extends the geographic reach of Matson's transportation network throughout North America and Asia.  Its integrated logistics services include rail intermodal, highway brokerage, warehousing, freight consolidation, supply chain management, and freight forwarding to Alaska.  Additional information about the Company is available at www.matson.com.

Forward Looking Statements

Statements in this news release that are not historical facts are "forward-looking statements," within the meaning of the Private Securities Litigation Reform Act of 1995, that involve a number of risks and uncertainties that could cause actual results to differ materially from those contemplated by the relevant forward-looking statement, including but not limited to, statements about capital allocation plans, the timing, manner and volume of repurchases of common shares pursuant to the repurchase program, and use of excess cash.  These forward-looking statements are not guarantees of future performance.  This release should be read in conjunction with our Annual Report on Form 10-K and our other filings with the SEC through the date of this release, which identify important factors that could affect the forward-looking statements in this release.  We do not undertake any obligation to update our forward-looking statements.

SOURCE Matson, Inc.

1Q26 EPS of $1.85 versus $2.18 in 1Q25 1Q26 Net Income of $56.6 million versus $72.3 million in 1Q25 1Q26 Consolidated Operating Income of $61.4 million versus $82.1 million in 1Q25 1Q26 EBITDA of $113.3 million versus $131.7 million in 1Q25 Repurchased approximately 0.4 million shares in 1Q26 Raises full year outlook , /PRNewswire/ -- Matson, Inc. ("Matson" or the "Company") (NYSE: MATX), a leading U.S. carrier in the Pacific, today reported net income of $56.6 million, or $1.85 per diluted share, for the quarter ended March 31, 2026.  Net income for the quarter ended March 31, 2025 was $72.3 million, or $2.18 per diluted share.  Consolidated revenue for the first quarter 2026 was $757.8 million compared with $782.0 million for the first quarter 2025.

Matt Cox, Matson's Chairman and Chief Executive Officer, commented, "In the first quarter 2026, Ocean Transportation operating income exceeded our expectations primarily due to higher freight demand post-Lunar New Year in our China service.  In our domestic tradelanes, we saw lower year-over-year volume in Hawaii and Alaska.  In Logistics, operating income in the first quarter was lower year-over-year, primarily due to a lower contribution from supply chain management."

Mr. Cox added, "To date, the Iran conflict has not impacted our operating performance or service levels; however, it has impacted fuel prices in all our markets.  While we have effective mechanisms to recover the cost of fuel by the end of the year, for the second quarter we expect a negative impact from the lag in the recovery of fuel costs.  On the demand side, the uptick in freight demand we saw in our China service post-Lunar New Year has continued to build in the second quarter as demand strengthens and volume returns to a more traditional seasonal pattern.  We also expect this demand strength to continue through peak season.  As a result, we expect Ocean Transportation operating income in the second quarter 2026 to be approximately $20 million higher than the $98.6 million achieved in the second quarter last year.  For Logistics, we expect operating income in the second quarter 2026 to approach the level achieved in the year ago period.  For full year 2026, we expect consolidated operating income to modestly exceed the level achieved in full year 2025 based on our expectations of continued solid U.S. consumer demand and a stable trading environment in the Transpacific tradelane."

First Quarter 2026 Discussion and Outlook for 2026

Ocean Transportation:  The Company's container volume in the Hawaii service in the first quarter 2026 was 5.6 percent lower year-over-year primarily due to lower general demand and the dry-docking of a competitor's vessel in the year ago period.  Hawaii's economy is expected to experience modest growth supported by construction activity, while tourism remains soft and inflationary pressures persist.  The Company expects volume in full year 2026 to be comparable to the level achieved in 2025, reflecting similar economic conditions and stable market share.

In the China service, the Company's container volume in the first quarter 2026 decreased 9.5 percent year-over-year primarily due to lower general demand from a more traditional Lunar New Year freight cycle.  The Company saw higher than expected freight demand post-Lunar New Year and the uptick in freight demand has continued to build in the second quarter as demand strengthens and volume returns to a more traditional seasonal pattern.  The Company also expects this demand strength to continue through peak season.  In the second quarter 2026, the Company expects higher volume compared to the prior year period, which included a market decline in Transpacific demand due to the tariffs imposed in April 2025.  The Company expects volume in full year 2026 to be moderately higher than the level achieved in 2025 based on our expectations of continued solid U.S. consumer demand and a stable trading environment in the Transpacific tradelane.

In the Guam service, the Company's container volume in the first quarter 2026 was flat year-over-year.  In the near term, the Company expects Guam's economy to remain stable.  For full year 2026, the Company expects volume to be comparable to the level achieved last year.

In the Alaska service, the Company's container volume in the first quarter 2026 decreased 2.0 percent year-over-year.  The decrease was primarily due to lower general demand, partially offset by an additional northbound sailing and an additional AAX sailing compared to the year ago period.  In the near term, the Company expects continued economic growth in Alaska supported by a low unemployment rate, jobs growth and continued oil and gas exploration and production activity.  For full year 2026, the Company expects volume to be comparable to the level achieved last year.

The contribution from the Company's SSAT joint venture investment was $5.0 million in the first quarter 2026, or $1.6 million lower than first quarter 2025.  The decrease was primarily due to lower lift volume.  For full year 2026, the Company expects the contribution from SSAT to be lower than the $32.5 million achieved in full year 2025.

Based on the outlook trends noted above, the Company expects Ocean Transportation operating income in the second quarter 2026 to be approximately $20 million higher than the $98.6 million achieved in the second quarter 2025.  For full year 2026, the Company expects Ocean Transportation operating income to modestly exceed the level achieved in full year 2025.

Logistics:  Operating income for the Company's Logistics segment was $6.8 million in the first quarter 2026, or $1.7 million lower compared to the level achieved in the first quarter 2025.  The decrease was primarily due to a lower contribution from supply chain management.  For the second quarter 2026, the Company expects Logistics operating income to approach the $14.4 million achieved in the second quarter 2025.  For full year 2026, the Company expects Logistics operating income to approach the $44.2 million achieved in full year 2025.

Consolidated Operating Income:  To date, the Iran conflict has not impacted the Company's operating performance or service levels; however, it has impacted fuel prices in all of the Company's markets.  While the Company has effective mechanisms to recover the cost of fuel by the end of the year, for the second quarter the Company expects a negative impact from the lag in the recovery of fuel costs.  For the second quarter 2026, the Company expects consolidated operating income to be approximately $20 million higher than the $113.0 million achieved in the second quarter 2025.  For full year 2026, the Company expects consolidated operating income to modestly exceed the level achieved in full year 2025 based on the Company's expectations of China demand strength in the second quarter continuing through peak season, continued solid U.S. consumer demand and a stable trading environment in the Transpacific Tradelane.  For 2026 compared to 2025, the Company continues to expect a more normal operating seasonality pattern with consolidated operating income in the second and third quarters being the strongest relative to the first and fourth quarters.

Depreciation and Amortization:  For full year 2026, the Company expects depreciation and amortization expense to be approximately $210 million, inclusive of dry-docking amortization of approximately $35 million.

Interest Income:  The Company expects interest income for the full year 2026 to be approximately $16 million.

Interest Expense, Net:  The Company expects interest expense for the full year 2026 to be approximately $6 million.

Other Income (Expense):  The Company expects full year 2026 other income (expense) to be approximately $7 million in income, which is attributable to the amortization of certain components of net periodic benefit costs or gains related to the Company's pension and post-retirement plans.

Income Taxes:  In the first quarter 2026, the Company's effective tax rate was 16.6 percent.  For the full year 2026, the Company expects its effective tax rate to be approximately 21.0 percent.

Capital and Vessel Dry-docking Expenditures:  For the first quarter 2026, the Company made capital expenditure payments excluding new vessel construction expenditures of $30.3 million, new vessel construction expenditures (including capitalized interest and owner's items) of $18.0 million, and dry-docking payments of $11.9 million.  For the full year 2026, the Company expects to make other capital expenditure payments, including maintenance capital expenditures, of approximately $150 to $170 million, new vessel construction expenditures (including capitalized interest and owner's items) of approximately $400 million, and dry-docking payments of approximately $45 million.

Results By Segment

Ocean Transportation — Three months ended March 31, 2026 compared with 2025

Three Months Ended March 31, 

(Dollars in millions)

2026

2025

Change

Ocean Transportation revenue

$

606.5

$

637.4

$

(30.9)

(4.8)

%

Operating costs and expenses

(551.9)

(563.8)

11.9

(2.1)

%

Operating income

$

54.6

$

73.6

$

(19.0)

(25.8)

%

Operating income margin

9.0

%

11.5

%

Volume by Service (Forty-foot equivalent units (FEU)) (1)

Hawaii containers

33,700

35,700

(2,000)

(5.6)

%

Alaska containers

19,300

19,700

(400)

(2.0)

%

China containers (2)

25,800

28,500

(2,700)

(9.5)

%

Guam containers

4,200

4,200

—

—

%

Other containers (3)

3,300

3,400

(100)

(2.9)

%

(1)

Approximate volume included for the period are based on the voyage departure date, but revenue and operating income are adjusted to reflect the percentage of revenue and operating income earned during the reporting period for voyages in transit at the end of each reporting period.

(2)

Includes containers from China and other Asia origins.

(3)

Includes containers from services in various islands in Micronesia and the South Pacific, and Okinawa, Japan.

Ocean Transportation revenue decreased $30.9 million, or 4.8 percent, during the three months ended March 31, 2026, compared with the three months ended March 31, 2025.  The decrease was primarily due to lower volume in the China service.

On a year-over-year FEU basis, Hawaii service container volume decreased 5.6 percent primarily due to lower general demand and the dry-docking of a competitor's vessel in the year ago period; Alaska service volume decreased 2.0 percent primarily due to lower general demand, partially offset by an additional northbound sailing and an additional AAX sailing compared to the year ago period; China service volume was 9.5 percent lower primarily due to lower general demand from a more traditional Lunar New Year freight cycle; Guam service volume was flat; and Other containers volume decreased 2.9 percent.

Ocean Transportation operating income decreased $19.0 million, or 25.8 percent, during the three months ended March 31, 2026, compared with the three months ended March 31, 2025.  The decrease was primarily due to a lower contribution from the China service.

The Company's SSAT terminal joint venture investment contributed $5.0 million during the three months ended March 31, 2026, compared to $6.6 million during the three months ended March 31, 2025.  The decrease was primarily due to lower lift volume.

Logistics — Three months ended March 31, 2026 compared with 2025

Three Months Ended March 31, 

(Dollars in millions)

2026

2025

Change

Logistics revenue

$

151.3

$

144.6

$

6.7

4.6

%

Operating costs and expenses

(144.5)

(136.1)

(8.4)

6.2

%

Operating income

$

6.8

$

8.5

$

(1.7)

(20.0)

%

Operating income margin

4.5

%

5.9

%

Logistics revenue increased $6.7 million, or 4.6 percent, during the three months ended March 31, 2026, compared with the three months ended March 31, 2025.  The increase was primarily due to higher revenue in transportation brokerage.

Logistics operating income decreased $1.7 million, or 20.0 percent, during the three months ended March 31, 2026, compared with the three months ended March 31, 2025.  The decrease was primarily due to a lower contribution from supply chain management.

Liquidity, Cash Flows and Capital Allocation

Matson's Cash and Cash Equivalents decreased by $41.8 million from $141.9 million at December 31, 2025 to $100.1 million at March 31, 2026.  As of March 31, 2026, there was $521.5 million of cash and cash equivalents and investments in fixed-rate U.S. Treasuries in the Capital Construction Fund.  Matson generated net cash from operating activities of $94.0 million during the three months March 31, 2026, compared to $89.0 million during the three months ended March 31, 2025.  Capital expenditures (including capitalized vessel construction expenditures) totaled $48.3 million for the three months ended March 31, 2026, compared with $89.2 million for the three months ended March 31, 2025.  Total debt decreased by $10.1 million during the three months to $351.1 million as of March 31, 2026, of which $311.4 million was classified as long-term debt.[1]  As of March 31, 2026, Matson had available borrowings under its revolving credit facility of $544.3 million.

During the first quarter 2026, Matson repurchased approximately 0.4 million shares for a total cost of $54.4 million.[2]  As of March 31, 2026, there were approximately 0.8 million shares remaining in the Company's share repurchase program.  On April 23, 2026, Matson's Board of Directors approved an additional 3.0 million shares of common stock to be added to the Company's existing share repurchase program and extended the program to December 31, 2029.  On April 23, 2026, Matson's Board of Directors also declared a cash dividend of $0.36 per share payable on June 4, 2026 to all shareholders of record as of the close of business on May 7, 2026.

Teleconference and Webcast

A conference call is scheduled on May 4, 2026 at 4:30 p.m. ET when Matt Cox, Chairman and Chief Executive Officer, and Joel Wine, Executive Vice President and Chief Financial Officer, will discuss Matson's first quarter results.

Date of Conference Call:

Monday, May 4, 2026

Scheduled Time:

4:30 p.m. ET / 1:30 p.m. PT / 10:30 a.m. HT

The conference call will be broadcast live along with an additional slide presentation on the Company's website at www.matson.com, under Investors. 

1 Total debt is presented before any reduction for deferred loan fees as required by GAAP.

2 Includes stock repurchased during the quarter but not settled and taxes on share repurchases that will be paid after the quarter end.

Participants may register for the conference call at:

https://register-conf.media-server.com/register/BI512867b8cdba4b7f9aa576788a36799a

Registered participants will receive the conference call dial-in number and a unique PIN code to access the live event.  While not required, it is recommended you join 10 minutes prior to the event starting time.  A replay of the conference call will be available approximately two hours after the event by accessing the webcast link at www.matson.com, under Investors.

About the Company

Founded in 1882, Matson (NYSE: MATX) is a leading provider of ocean transportation and logistics services.  Matson provides a vital lifeline of ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Alaska, and Guam, and to other island economies in Micronesia.  Matson also operates premium, expedited services from China to Long Beach, California, which includes cargo from other Asia origins, provides services to Okinawa, Japan and various islands in the South Pacific, and operates an international export service from Alaska to Asia.  The Company's fleet of owned and chartered vessels includes containerships, combination container and roll-on/roll-off ships and barges.  Matson Logistics, established in 1987, extends the geographic reach of Matson's transportation network throughout North America and Asia.  Its integrated logistics services include rail intermodal, highway brokerage, warehousing, freight consolidation, supply chain management, and freight forwarding to Alaska.  Additional information about the Company is available at www.matson.com.

GAAP to Non-GAAP Reconciliation

This press release, the Form 8-K and the information to be discussed in the conference call include non-GAAP measures.  While Matson reports financial results in accordance with U.S. generally accepted accounting principles ("GAAP"), the Company also considers other non-GAAP measures to evaluate performance, make day-to-day operating decisions, help investors understand our ability to incur and service debt and to make capital expenditures, and to understand period-over-period operating results separate and apart from items that may, or could, have a disproportional positive or negative impact on results in any particular period.  These non-GAAP measures include, but are not limited to, Earnings Before Interest, Income Taxes, Depreciation and Amortization ("EBITDA").

Forward-Looking Statements

Statements in this news release that are not historical facts are "forward-looking statements," within the meaning of the Private Securities Litigation Reform Act of 1995, including without limitation those statements regarding outlook; operating income; depreciation and amortization, including dry-docking amortization; interest income; interest expense; other income (expense); tax rate; maintenance capital expenditures; capital and vessel dry-docking expenditures; volume; yield and freight rates; operating seasonality pattern; impacts from the Iran conflict; fuel prices and volatility; fuel cost recovery mechanisms and timing to recover such costs; freight demand, including e-commerce, e-goods and garments; U.S. consumer demand; trading environment; air-to-ocean freight conversions; air freight costs and air cargo capacity; growth and penetration into Southeast Asia ports; geopolitical tension and uncertainty; economic growth and drivers in Hawaii, Alaska and Guam; tourism levels; unemployment rates; construction activity; jobs growth; inflationary pressures; oil and gas exploration and production activity; market share; contribution from SSAT; vessel transit and connection times; refleeting initiatives; timing and amount of cash contributions into or withdrawals from the Capital Construction Fund; timing and amount of milestone payments and related costs; delivery dates for new vessels; and the timing, manner and volume of repurchases of common stock pursuant to the repurchase program.  These statements involve a number of risks and uncertainties that could cause actual results to differ materially from those contemplated by the relevant forward-looking statement, including but not limited to risks and uncertainties relating to repeal, invalidation, substantial amendment or waiver of the Jones Act or changes in its application, or the Company were determined not to be a United States citizen under the Jones Act; changes in macroeconomic conditions, geopolitical developments, or governmental policies; our ability to offer a differentiated service in China for which customers are willing to pay a significant premium; new or increased competition; loss of or damage to key customer relationships; agreements with key vendors and third parties; fuel prices, our ability to collect fuel-related surcharges and/or the cost or limited availability of required fuels; evolving regulations and stakeholder expectations related to sustainability matters; timely or successful completion of fleet upgrade initiatives; the Company's vessel construction agreements with Philly Shipyard; the occurrence of weather, natural disasters, maritime accidents, spill events and other physical and operating risks; transitional and other risks arising from climate change; actual or threatened health epidemics, outbreaks of disease, pandemics or other major health crises; significant operating agreements and leases that may not be renewed/replaced on favorable or acceptable terms; any unexpected dry-docking or repair costs; joint venture relationships; conducting business in foreign markets, including the imposition of tariffs or a change in international trade policies; modernization of terminals in Hawaii and Alaska; heightened security measures, war, actual or threatened terrorist attacks, efforts to combat terrorism and other acts of violence; consummating and integrating acquisitions; work stoppages or other labor disruptions caused by our unionized workers and other workers or their unions in related industries; loss of key personnel or failure to adequately manage human capital; the use of our information technology and communication systems; cybersecurity attacks; changes in our credit profile, disruptions of the credit markets or higher interest rates; our ability to access the debt capital markets; periodic revisions to the Company's effective income tax rate; changes in the value of pension assets; exposure under multi-employer pension and post-retirement plans; continuation of the Title XI and CCF programs; costs to comply with and liability related to numerous safety, environmental, and other laws and regulations; and disputes, legal and other proceedings and government inquiries or investigations.  These forward-looking statements are not guarantees of future performance.  This release should be read in conjunction with our Annual Report on Form 10-K for the year ended December 31, 2025 and our other filings with the SEC through the date of this release, which identify important factors that could affect the forward-looking statements in this release.  We do not undertake any obligation to update our forward-looking statements.

MATSON, INC. AND SUBSIDIARIES

Condensed Consolidated Statements of Income

(Unaudited)

Three Months Ended

March 31, 

(In millions, except per share amounts)

2026

2025

Operating Revenue:

Ocean Transportation

$

606.5

$

637.4

Logistics

151.3

144.6

Total Operating Revenue

757.8

782.0

Costs and Expenses:

Operating costs

(623.9)

(631.1)

Income from SSAT

5.0

6.6

General and administrative

(77.5)

(75.4)

Total Costs and Expenses

(696.4)

(699.9)

Operating Income

61.4

82.1

Interest income

6.1

9.4

Interest expense, net

(1.6)

(1.7)

Other income (expense), net

2.0

2.4

Income before Taxes

67.9

92.2

Income taxes

(11.3)

(19.9)

Net Income

$

56.6

$

72.3

Basic Earnings Per Share

$

1.86

$

2.20

Diluted Earnings Per Share

$

1.85

$

2.18

Weighted Average Number of Shares Outstanding:

Basic

30.4

32.8

Diluted

30.6

33.2

MATSON, INC. AND SUBSIDIARIES

Condensed Consolidated Balance Sheets

(Unaudited)

March 31, 

December 31, 

(In millions)

2026

2025

ASSETS

Current Assets:

Cash and cash equivalents

$

100.1

$

141.9

Other current assets

336.3

330.0

Total current assets

436.4

471.9

Long-term Assets:

Investment in SSAT

101.5

96.2

Property and equipment, net

2,510.6

2,499.4

Goodwill

327.8

327.8

Intangible assets, net

143.5

146.6

Capital Construction Fund

521.5

532.7

Other long-term assets

541.7

561.0

Total long-term assets

4,146.6

4,163.7

Total assets

$

4,583.0

$

4,635.6

LIABILITIES AND SHAREHOLDERS' EQUITY

Current Liabilities:

Current portion of debt

$

39.7

$

39.7

Other current liabilities

490.2

487.7

Total current liabilities

529.9

527.4

Long-term Liabilities:

Long-term debt, net of deferred loan fees

302.2

312.1

Deferred income taxes, net

702.7

701.9

Other long-term liabilities

318.1

335.2

Total long-term liabilities

1,323.0

1,349.2

Total shareholders' equity

2,730.1

2,759.0

Total liabilities and shareholders' equity

$

4,583.0

$

4,635.6

MATSON, INC. AND SUBSIDIARIES

Condensed Consolidated Statements of Cash Flows

(Unaudited)

Three Months Ended March 31, 

(In millions)

2026

2025

Cash Flows From Operating Activities:

Net income

$

56.6

$

72.3

Reconciling adjustments:

Depreciation and amortization

42.2

40.6

Amortization of operating lease right-of-use assets

33.7

34.5

Deferred income taxes, net

0.7

0.4

Share-based compensation expense

5.5

5.8

Income from SSAT

(5.0)

(6.6)

Other

0.3

(1.9)

Changes in assets and liabilities:

Accounts receivable, net

(1.1)

(1.6)

Deferred dry-docking payments

(11.9)

(10.4)

Deferred dry-docking amortization

7.7

6.6

Prepaid expenses and other assets

(4.0)

(6.9)

Accounts payable, accruals and other liabilities

1.0

(5.3)

Operating lease assets and liabilities, net

(29.8)

(35.1)

Other long-term liabilities

(1.9)

(3.4)

Net cash provided by operating activities

94.0

89.0

Cash Flows From Investing Activities:

Vessel construction expenditures

(18.0)

(66.7)

Capital expenditures (excluding vessel construction expenditures)

(30.3)

(22.5)

Proceeds from disposal of property and equipment, net

(0.1)

0.2

Cash and interest deposited into the Capital Construction Fund

(5.8)

(105.4)

Withdrawals from Capital Construction Fund

17.4

65.0

Net cash used in investing activities

(36.8)

(129.4)

Cash Flows From Financing Activities:

Repayments of debt

(10.1)

(10.1)

Dividends paid

(11.0)

(11.3)

Repurchase of Matson common stock

(52.8)

(66.9)

Tax withholding related to net share settlements of restricted stock units

(25.1)

(16.1)

Net cash used in financing activities

(99.0)

(104.4)

Net Decrease in Cash and Cash Equivalents

(41.8)

(144.8)

Cash and Cash Equivalents, Beginning of the Period

141.9

266.8

Cash and Cash Equivalents, End of the Period

$

100.1

$

122.0

Supplemental Cash Flow Information:

Interest paid, net of capitalized interest

$

1.7

$

1.7

Income taxes paid, net of income tax refunds

$

2.8

$

1.6

Non-cash Information:

Capital expenditures included in accounts payable, accruals and other liabilities

$

3.2

$

7.6

MATSON, INC. AND SUBSIDIARIES

Net Income to EBITDA Reconciliations

(Unaudited)

Three Months Ended

March 31, 

Last Twelve

(In millions)

2026

2025

Change

Months

Net Income

$

56.6

$

72.3

$

(15.7)

$

429.1

Subtract:

Interest income

(6.1)

(9.4)

3.3

(28.4)

Add:

Interest expense, net

1.6

1.7

(0.1)

6.7

Add:

Income taxes

11.3

19.9

(8.6)

80.4

Add:

Depreciation and amortization

42.2

40.6

1.6

168.5

Add:

Deferred dry-docking amortization

7.7

6.6

1.1

30.0

EBITDA (1)

$

113.3

$

131.7

$

(18.4)

$

686.3

(1)

EBITDA is defined as earnings before interest, income taxes, depreciation and amortization (including deferred dry-docking amortization).  EBITDA should not be considered as an alternative to net income (as determined in accordance with GAAP), as an indicator of our operating performance, or to cash flows from operating activities (as determined in accordance with GAAP) as a measure of liquidity.  Our calculation of EBITDA may not be comparable to EBITDA as calculated by other companies, nor is this calculation identical to the EBITDA used by our lenders to determine financial covenant compliance.

SOURCE Matson, Inc.

, /PRNewswire/ -- Matson, Inc. ("Matson"; NYSE: MATX) today marked two milestones in its fleet renewal program with the beginning of hull assembly on the second of three new LNG powered "Aloha Class" containerships designed for its Hawaii and China-Long Beach Express (CLX) services, and the start of construction on its third new vessel at Hanwha Philly Shipyard, Inc. (HSPI) in Pennsylvania.

At a steel-cutting ceremony marking the official start of construction on the third of three new containerships being built for Matson at Hanwha Philly Shipyard in Philadelphia, the honor of starting the shipyard’s plasma cutter on the first steel plate was given to Dan Massoni, Matson’s Vessel Engineering Manager based in Philadelphia. May 5, 2026. Photo credit: Hanwha Philly Shipyard, Inc. A small shipyard ceremony to mark the dock mounting of the first grand block assembly of the second new vessel was followed by the cutting of steel plates to initiate work to build the third vessel.

The three new Jones Act-compliant vessels, representing an investment of approximately $1 billion, will match the size and speed of Matson's two existing Aloha Class ships, Daniel K. Inouye, and Kaimana Hila, which entered service in 2018 and 2019, respectively, as the largest containerships ever constructed in the U.S.

Matson expects to receive the first new vessel in the first quarter of 2027 with subsequent deliveries in the third quarter of 2027 and second quarter of 2028, respectively.

With a carrying capacity of 3,600 TEU,* the 854-foot Aloha Class vessels are designed to operate at speeds in excess of 23 knots in support of Matson's service hallmark – fast and reliable delivery of goods, while incorporating the latest energy-efficient technologies to enhance operational efficiency and reduce environmental impact. 

The three new Aloha Class ships will replace three vessels currently deployed in Matson's Hawaii and CLX services.

HPSI is a leading U.S. commercial shipyard constructing vessels for operation in the domestic Jones Act trade lanes. Prior to Matson's current Aloha L Class project, the shipyard delivered four Jones Act containerships for Matson between 2003 and 2006, and two additional containerships in 2018 and 2019, which were the first Aloha Class vessels.

* TEU = Twenty-foot Equivalent Units, the standard unit of measurement for container capacity

About Matson
Founded in 1882, Matson (NYSE: MATX) is a leading provider of ocean transportation and logistics services. Matson provides a vital lifeline of ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Alaska, and Guam, and to other island economies in Micronesia. Matson also operates premium, expedited services from China to Long Beach, California, which includes cargo from other Asia origins, provides services to Okinawa, Japan and various islands in the South Pacific, and operates an international export service from Alaska to Asia. The Company's fleet of owned and chartered vessels includes containerships, combination container and roll-on/roll-off ships and barges. Matson Logistics, established in 1987, extends the geographic reach of Matson's transportation network throughout North America and Asia. Its integrated logistics services include rail intermodal, highway brokerage, warehousing, freight consolidation, supply chain management, and freight forwarding to Alaska. Additional information about the Company is available at www.matson.com.

About Hanwha Philly Shipyard, Inc.

Hanwha Philly Shipyard, Inc. is a leading U.S. shipbuilder with a state-of-the-art shipbuilding facility that has earned a reputation as a preferred provider of ocean-going merchant vessels with a track record of delivering quality ships, having delivered around 50% of all large ocean-going U.S. Jones Act commercial ships since 2000.

The shipyard is part of Hanwha Group, a multinational company with a robust network of affiliates in the energy, ocean, aerospace, finance, and retail & services industries.

For more information, visit www.hanwhaphillyshipyard.com.

SOURCE Matson, Inc.

PHILADELPHIA, May 06, 2026 (GLOBE NEWSWIRE) -- Kaskela Law is reviewing the Global Business Travel Group, Inc. (NYSE: GBTG) (“Amex GBT”) shareholder buyout proposal to assess whether GBTG shareholders could receive a higher price for their shares.

Click here for additional information: https://kaskelalaw.com/case/global-business-travel-group/

BACKGROUND:

On May 4, 2026, Amex GBT announced that it had agreed to be privatized for $9.50 per share in cash. Upon completion of the proposed transaction, Amex GBT’s public shareholders will be cashed out of their investment position, and the company’s shares will no longer be publicly traded.

THE INVESTIGATION:

The firm is investigating whether Amex GBT investors will receive sufficient financial consideration for their shares. At the time the buyout was announced, at least one stock analyst had set a price target for Amex GBT’s shares of $12.00 per share – over 25% higher than the buyout price.

“We are investigating this transaction and encourage Amex GBT shareholders who think the buyout price is too low to contact Kaskela Law to explore and preserve their legal rights and options,” said attorney D. Seamus Kaskela, who is leading the firm’s investigation.

Amex GBT shareholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq. or Adrienne Bell, Esq.) at (484) 229 – 0750, or by email at [email protected], for additional information about their legal rights and options. Investors may also request additional information about this matter by clicking on the following link (or by copying and pasting the link into your browser):

https://kaskelalaw.com/case/global-business-travel-group/

ABOUT KASKELA LAW:

Kaskela Law exclusively represents investors in securities fraud, corporate governance, and merger & acquisition litigation on a contingent-fee basis. For additional information about the firm, including the firm’s recent monetary recoveries for investors in mergers & acquisition litigation, please visit our website (www.kaskelalaw.com) or contact us today at (888) 715 – 1740.

KASKELA LAW LLC
D. Seamus Kaskela, Esquire
Adrienne Bell, Esquire
18 Campus Boulevard, Suite 100
Newtown Square, PA 19073
(484) 229 – 0750
www.kaskelalaw.com

This communication may constitute attorney advertising in certain jurisdictions.

PHILADELPHIA--(BUSINESS WIRE)--Investor protection firm Kaskela Law is investigating Global Business Travel Group, Inc. (NYSE: GBTG) (“Amex GBT”) on behalf of the company's shareholders to determine whether the recently announced buyout of GBTG shareholders is fair and provides investors with sufficient monetary consideration for their shares. Click here for additional information: https://kaskelalaw.com/case/global-business-travel-group/ On May 4, 2026, Amex GBT announced that it had agreed to.

LOS ANGELES, May 13, 2026 (GLOBE NEWSWIRE) -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Global Business Travel Group, Inc. (“Global Business Travel” or “the Company”) (NYSE: GBTG) for potential breaches of fiduciary duty on the part of its directors and management.

The investigation focuses on determining if the Global Business Travel board breached its fiduciary duties to shareholders.

If you are a shareholder, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

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

CONTACT:
The Schall Law Firm 
Brian Schall, Esq. 
310-301-3335
[email protected]

www.schallfirm.com

Insiders may stand to receive substantial financial benefits not available to ordinary shareholders.

The proposed transactions may contain terms that could limit superior competing offers.

Shareholders are encouraged to contact the firm to discuss their rights and options at no cost or obligation. We would handle any matter on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses.

, /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:

TruBridge, Inc. (NASDAQ: TBRG)'s sale to Inventurus Knowledge Solutions, Inc. for $26.25 in cash per share. If you are a TruBridge shareholder, click here to learn more about your rights and options.  

RE/MAX Holdings, Inc. (NYSE: RMAX)'s sale to The Real Brokerage Inc. for either 5.152 shares of the combined company or $13.80 in cash per share. If you are a RE/MAX shareholder, click here to learn more about your rights and options.

Global Business Travel Group, Inc. (NYSE: GBTG)'s sale to Long Lake Management for $9.50 per share in cash. If you are a Global Business shareholder, click here to learn more about your rights and options.

On behalf of shareholders, Halper Sadeh LLC may seek increased consideration, additional disclosures and information, or other relief and benefits.

Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

Halper Sadeh LLC
Daniel Sadeh, Esq.
Zachary Halper, Esq.
One World Trade Center
85th Floor
New York, NY 10007
(212) 763-0060
[email protected]
[email protected]
https://www.halpersadeh.com

SOURCE Halper Sadeh LLP

  Kaskela Law Encourages GBTG Shareholders to Contact the Firm to Discuss Their Rights and Options to Seek Additional Compensation

, /PRNewswire/ -- Kaskela Law is investigating the recently announced proposed buyout of Global Business Travel Group, Inc. (NYSE: GBTG) ("Amex GBT") shareholders to determine whether the transaction as structured is fair and provides sufficient value to investors for their shares.

Click here for additional information: https://kaskelalaw.com/case/global-business-travel-group/

On May 4, 2026, Amex GBT disclosed its agreement to become a private entity, valuing each share at $9.50 in cash. Once this transaction is finalized, public investors in Amex GBT will have their investment positions converted to cash, and the company's stock will no longer be traded on public exchanges.

An examination is being conducted to ascertain if Amex GBT's investors are being suitably compensated financially for their stock holdings. This inquiry also addresses whether the company's leadership, including its officers and/or directors, failed in their fiduciary responsibilities or contravened securities regulations by agreeing to the acquisition price of $9.50 per share. It is worth highlighting that, at the very moment the transaction was publicly disclosed, a minimum of one financial analyst had valued Amex GBT's shares at $12.00 per share.

Amex GBT shareholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq. or Adrienne Bell, Esq.) at (484) 229 - 0750 for additional information about this investigation and their time sensitive legal rights and options to seek additional compensation for their shares.

Alternatively, investors may submit their information to the firm by clicking on the following link (or if necessary, by copying and pasting the link into your browser):

https://kaskelalaw.com/case/global-business-travel-group/

ABOUT KASKELA LAW:  
Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and merger & acquisition litigation on a contingent basis (i.e., the firm's clients are never responsible for any out-of-pocket costs for legal representation).  Since 2020, the firm has helped to recover over $500 million for investors.  For additional information about Kaskela Law LLC, including the firm's recent notable recoveries for investors, please visit www.kaskelalaw.com.

KASKELA LAW LLC
D. Seamus Kaskela, Esq.
([email protected])
Adrienne Bell, Esq.
([email protected])
18 Campus Blvd., Suite 100
Newtown Square, PA 19073
(484) 229 - 0750
www.kaskelalaw.com

This communication may constitute attorney advertising in certain jurisdictions.

SOURCE Kaskela Law LLC

NEWTOWN SQUARE, Pa.--(BUSINESS WIRE)--Kaskela Law is investigating the fairness of the recently announced buyout of Global Business Travel Group, Inc. (NYSE: GBTG) (“GBTG”) shareholders to determine whether the transaction as structured provides investors with a sufficient price for their GBTG shares.

This investigation seeks to determine whether GBTG and/or the company’s officers and directors violated the securities laws or breached their fiduciary duties in connection with recent corporate actions, leading to shareholder losses.

Share Click here to register for additional information about this investigation: https://kaskelalaw.com/case/global-business-travel-group/

On May 4, 2026, GBTG announced that it had agreed to go private at a price of $9.50 per share in cash. Upon completion of the transaction, GBTG’s public shareholders will be cashed out of their investment position, and the company’s shares will no longer be publicly traded.

The investigation seeks to determine whether GBTG investors will receive sufficient monetary consideration for their shares, and whether the company's officers and/or directors breached their fiduciary duties or violated the securities laws in agreeing to the $9.50 per share buyout price. Notably, at the time the proposed transaction was announced, at least one stock analyst was maintaining a price target for GBTG’s shares of $12.00 per share – over 25% higher than the buyout price.

GBTG shareholders who think the buyout price is too low are encouraged to contact lead investigative attorney Adrienne Bell, Esquire at (484) 229 – 0750, by email at [email protected], or by filling out the online form at:

https://kaskelalaw.com/case/global-business-travel-group/

ABOUT KASKELA LAW:

Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and merger & acquisition litigation on a contingent basis (i.e., the firm’s clients are never responsible for any out-of-pocket costs for legal representation). Since 2020, the firm has helped to recover over $500 million for investors. For additional information about Kaskela Law LLC, including the firm’s recent notable recoveries for investors, please visit www.kaskelalaw.com.

This communication may constitute attorney advertising in certain jurisdictions.

LOS ANGELES, June 10, 2026 (GLOBE NEWSWIRE) -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Global Business Travel Group, Inc. (“Global Business Travel” or “the Company”) (NYSE: GBTG) for potential breaches of fiduciary duty on the part of its directors and management.

The investigation focuses on determining if the Global Business Travel board breached its fiduciary duties to shareholders.

If you are a shareholder, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

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

CONTACT:
The Schall Law Firm 
Brian Schall, Esq. 
310-301-3335
[email protected]

www.schallfirm.com

, /PRNewswire/ -- Quanta Services, Inc. (NYSE: PWR) announced today that its Board of Directors has declared a quarterly cash dividend to stockholders of $0.11 per share, or a rate of $0.44 per share on an annualized basis. The dividend is payable on July 13, 2026, to stockholders of record as of July 1, 2026.

Additionally, the Board of Directors, in support of management's request, has authorized a new stock repurchase program that authorizes the company to purchase, from time to time, up to $1 billion of its outstanding common stock. Under the company's existing stock repurchase program, which expires June 30, 2026, the company has acquired 540,788 shares of its outstanding common stock in the open market for a total cost of approximately $135 million.

Repurchases may be implemented through open-market or privately negotiated transactions, at management's discretion, based on market and business conditions, applicable contractual and legal requirements and other factors. Quanta is not obligated to acquire any specific amount of common stock, and Quanta's Board of Directors may modify or terminate the new repurchase program at any time at its sole discretion and without notice.

About Quanta Services
Quanta Services is an industry leader in providing specialized infrastructure solutions to the utility, power generation, load center, communications, pipeline, and energy industries. Quanta's comprehensive services include designing, installing, repairing and maintaining energy, load center and communications infrastructure. With operations throughout the United States, Canada, Australia and select other international markets, Quanta has the manpower, resources and expertise to safely complete projects that are local, regional, national or international in scope. For more information, visit www.quantaservices.com.

Cautionary Statement About Forward-Looking Statements and Information 
This press release (and any oral statements regarding the subject matter of this press release) contains forward-looking statements intended to qualify for the "safe harbor" from liability established by the Private Securities Litigation Reform Act of 1995.  Forward-looking statements include, but are not limited to, statements relating to expectations regarding the declaration, amount or timing of any future dividends; expectations regarding Quanta's business or financial outlook; Quanta's ability to deliver increased value or return capital to stockholders; and future capital allocation initiatives, including the amount and timing of, and strategies with respect to, any future cash dividends or repurchases of our equity securities; as well as statements reflecting expectations, intentions, assumptions or beliefs about future events and other statements that do not relate strictly to historical or current facts. These forward-looking statements are not guarantees of future performance, involve or rely on a number of risks, uncertainties, and assumptions that are difficult to predict or are beyond our control, and reflect management's beliefs and assumptions based on information available at the time the statements are made. We caution you that actual outcomes and results may differ materially from what is expressed, implied or forecasted by our forward-looking statements and that any or all of our forward-looking statements may turn out to be inaccurate or incorrect. Forward-looking statements can be affected by inaccurate assumptions and by known or unknown risks and uncertainties, including, among others, market, industry, economic, financial or political conditions outside of the control of Quanta, quarterly variations in operating results, liquidity, financial condition, cash flows, capital requirements, reinvestment opportunities or other financial results; requirements relating to dividends under Delaware law and the credit agreement for Quanta's senior credit facility; fluctuations in the price and trading volume of Quanta's common stock; and other risks and uncertainties detailed in Quanta's Annual Report on Form 10-K for the year ended December 31, 2025, Quanta's Quarterly Report on Form 10-Q for the quarter ended March 31, 2026 and any other documents that Quanta files with the Securities and Exchange Commission (SEC). For a discussion of these risks, uncertainties and assumptions, investors are urged to refer to Quanta's documents filed with the SEC that are available through the company's website at www.quantaservices.com or through the SEC's Electronic Data Gathering and Analysis Retrieval System (EDGAR) at www.sec.gov. Should one or more of these risks materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those expressed or implied in any forward-looking statements. Investors are cautioned not to place undue reliance on these forward-looking statements, which are current only as of this date. Quanta does not undertake and expressly disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Quanta further expressly disclaims any written or oral statements made by any third party regarding the subject matter of this press release.

Investors:
Kip Rupp, CFA, IRC
Sean Eastman                   
Quanta Services, Inc.
(713) 341-7260

SOURCE Quanta Services, Inc.

New York, New York--(Newsfile Corp. - May 26, 2026) - Aegis Critical Energy Defence Corp. (CSE: QESS) (OTCQB: QESSF) (FSE: JG6) together with alliance partners SEETEL New Energy (7740.TW) and Quantum eMotion Corp. (NYSE: QNC) (TSXV: QNC) (FSE: 34Q0), today announced a landmark commercial order and deposit for seven PWR Flex 261Q units for deployment in the United States through U.S. channel partner GG Ventures of the Carolinas.

The end customer is a 100-year-old engineering, procurement and construction (EPC) firm with an established base of Fortune 500 clients. This transaction is not only the alliance's first commercial deployment in North America, but also the first commercial deployment of a fully integrated, plug-and-play, quantum-secured energy storage system of its kind in the industry, establishing a strategic reference site for future U.S. growth.

A Defining Milestone for Aegis and the Industry

"This first U.S. order for seven PWR Flex 261Q units is a major milestone for Aegis," said Ramtin Rasouilizenhad, CEO of Aegis, "It is our official entry into the North American market and a clear validation that the industry is ready for a new class of secure, integrated energy systems.

"The PWR Flex 261Q is the first solution in the market that combines advanced energy storage, critical infrastructure protection and embedded quantum-grade cybersecurity in a single fully integrated plug and play platform. Having Quantum eMotion's Quantum Random Number Generator (QRNG) platform embedded within the unit further differentiates the PWR Flex platform in the energy storage market. With this integration, we are proud to introduce our Quantum Cybersecurity line of integrated Energy Storage Systems, setting a new benchmark for cyber-resilient power."

First-of-Its-Kind Quantum-Secured Energy Platform

"The PWR-Flex 261Q is an all-in-one unit design that integrates advanced energy storage systems, EMS architecture, and cybersecurity, all from North American partners," said Francis Bellido, CEO of Quantum eMotion Corp. "By embedding our full stack Quantum Cybersecurity platform directly into the PWR Flex 261Q, Aegis is delivering the first commercially deployed energy platform with built-in quantum-safe protection for data and control systems.

"The PWR Flex 261Q's secure communications and tamper-aware and cyber-resilient features are designed to help ensure uninterrupted, trustworthy operation for mission-critical facilities at a time when cyber and quantum threats to infrastructure are rapidly escalating."

Strategic U.S. Market Entry Through GG Ventures of the Carolinas

"GGV Energy has been closely involved in the design of these units based on our customers' needs, and we are pleased to bring the PWR Flex 261Q to our clients as part of a broader modernization program," said Michael Gallagher, CEO of GGV Energy. "Our long-standing relationship with major EPCs and Fortune 500 customers positions us to deliver this first-of-its-kind, quantum-secured energy solution at scale, and with the level of operational rigor these projects demand.

"This initial deployment with a century-old EPC firm creates an influential reference site and positions the PWR Flex 261Q as a strong plug and play platform for organizations seeking a new standard in resilient, cyber-secure power solutions."

Why This Milestone Matters

The PWR Flex 261Q combines:

Advanced energy management capabilities– grid-interactive, intelligent energy storage and management.Critical infrastructure resilience– hardened design for mission-critical environments.Quantum-safe cybersecurity integration– Quantum-based entropy generation supporting quantum-safe cybersecurity.By unifying these capabilities in a single commercial platform, Aegis and its partners are introducing a new product category at a time when U.S. customers are urgently seeking resilient, cyber-secure power systems. This first deployment in the United States is expected to:

Serve as a key commercial proof point for the PWR Flex 261Q.Act as a strategic reference site for additional EPCs and Fortune 500 clients.Support follow-on opportunities as the alliance advances its North American go-to-market strategy. Transaction Highlights

Product: PWR Flex 261Q – first-of-its-kind, quantum-secured integrated energy storage systemQuantity: Seven (7) unitsMarket: United States – first commercial deployment in North AmericaChannel Partner: GG Ventures of the Carolinas (https://www.ggventurescarolinas.com)End Client: 100-year-old EPC firm with multiple Fortune 500 customersAegis believes this initial deployment will serve as a cornerstone for its U.S. strategy and anticipates that it will be the first of many orders as critical infrastructure operators look to modernize with quantum-secure, resilient energy platforms.

About SEETEL New Energy

SEETEL New Energy Co. Ltd. (7740.TW) is a Taiwan-based manufacturer and systems integrator specializing in high-performance lithium battery modules and energy-storage systems for global industrial and grid applications. A Leader in Energy Storage │ SEETEL NEW ENERGY

About Quantum eMotion

Quantum eMotion Corp. (NYSE: QNC) (TSXV: QNC) (FSE: 34Q0) is a Canadian deep-tech company developing quantum-safe cybersecurity solutions based on its patented Quantum Random Number Generator (QRNG) and Entropy-as-a-Service platform, securing data and communications for the quantum era. Quantum eMotion | QRNG & Quantum-Safe Security

About Aegis Critical Energy Defence Corp.

Aegis Critical Energy Defence Corp. (CSE: QESS) (OTCQB: QESSF) (FSE: JG6) is a Canadian-based energy technology company focused on the development of secure and resilient energy systems for critical infrastructure. The Company's integrated platform combines advanced energy storage, hybrid and distributed generation systems, intelligent control architectures and cybersecurity to deliver high-reliability solutions for applications across defence, marine, remote and industrial sectors. AEGIS — Critical Energy Defence

Forward-Looking Statements

This news release contains statements that constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Aegis Critical Energy Defence Corp.'s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur.

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/298795

Source: Aegis Critical Energy Defence Corp.

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It doesn't matter if you're a growth, value, income, or momentum-focused investor -- building a successful investment portfolio takes skill, research, and a little bit of luck.

How do you find the right combination of stocks that will generate returns that could fund your retirement, or your kids' college tuition, or your short- and long-term savings goals?

Enter the Zacks Rank.

What is the Zacks Rank?The Zacks Rank, which is a unique, proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, that makes building a winning portfolio easier.

There are four main factors behind the Zacks Rank: Agreement, Magnitude, Upside, and Surprise.

Agreement is the extent to which all brokerage analysts are revising their earnings estimates in the same direction. The greater the percentage of analysts revising their estimates higher, the better chance the stock will outperform.

Magnitude is the size of the recent change in the consensus estimate for the current and next fiscal years.

Upside is the difference between the most accurate estimate, which is calculated by Zacks, and the consensus estimate.

Surprise is made up of a company's last few quarters' earnings per share surprises; companies with a positive earnings surprise are more likely to beat expectations in the future.

Each factor is given a raw score, which is recalculated every night and compiled into the Zacks Rank. Utilizing this data, stocks are put into five different groups: Strong Buy, Buy, Hold, Sell, and Strong Sell.

The Power of Institutional InvestorsThe Zacks Rank also allows individual investors, or retail investors, to benefit from the power of institutional investors.

These professionals manage the trillions of dollars invested in hedge funds, mutual funds, and investment banks, and studies have shown that they can and do move the market because of the large amounts of money they invest with. Thus, the market tends to move in the same direction as institutional investors.

In order to determine the fair value of a company and its shares, institutional investors design valuation models that focus on earnings and earnings estimates. Because if you raise earnings estimates, it then creates a higher fair value for a company and its stock price.

Institutional investors then act on these changes in earnings estimates, typically buying stocks with rising estimates and selling those with falling estimates; an increase in earnings estimates can translate into higher stock prices and bigger gains for the investor.

Retail investors who get in at the first sign of upward revisions have a distinct advantage over larger investors since it can often take weeks, if not months, for an institutional investor to build a position. They'll also benefit from the expected institutional buying that could follow.

Not only can the Zacks Rank help you take advantage of trends in earnings estimate revisions, but it can also provide a way to get into stocks that are highly sought after by professionals.

How to Invest with the Zacks RankThe Zacks Rank is known for transforming investment portfolios. In fact, a portfolio of Zacks Rank #1 (Strong Buy) stocks has beaten the market in 26 of the last 32 years, with an average annual return of +23.7%.

Moreover, stocks with a new #1 (Strong Buy) ranking have some of the biggest profit potential, while those that fell to a #4 (Sell) or #5 (Strong Sell) have some of the worst.

Let's take a look at Quanta Services (PWR - Free Report) , which was added to the Zacks Rank #1 list on May 9, 2026. Quanta Services, Inc. is a leading provider of specialty contracting and infrastructure solutions for the electric and gas utility, power generation, large load center, manufacturing, communications, pipeline and energy industries. Quanta has operations in the United States, Canada, Australia and other selected international markets.

Eight analysts revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.82 to $13.95 per share. PWR boasts an average earnings surprise of 10.3%.

Earnings are forecasted to see growth of 29.8% for the current fiscal year, and sales are expected to increase 21.4%.

PWR has been moving higher over the past four weeks as well, up 17.6% compared to the S&P 500's gain of 5.1%.

Bottom LineWith a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, Quanta Services should be on investors' shortlist.

If you want even more information on the Zacks Ranks, or one of our many other investing strategies, check out the Zacks Education home page.

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Quanta Services (PWR +3.00%) finds itself in a sweet spot, as it's positioned to benefit from the infrastructure build-out needed to power artificial intelligence (AI) and modernize the electric grid. The company's order book has never been larger, reaching a record $48.5 billion at the end of the first quarter.

The stock has more than doubled over the past year, driven by the growing pipeline of secured work. For long-term investors, the business quality is undeniable, but the valuation appears to have gotten ahead of the fundamentals.

Image source: Getty Images.

A higher portion of complex work is driving margin expansion Quanta provides engineering, construction, and maintenance services for the utility, energy, and technology industries. Its services are essential to building substations that power data centers and upgrading transmission lines that keep the lights on.

The growth of Quanta's total backlog, which was up 37.5% year over year, according to the most recent report, is impressive. In addition, the 12-month backlog of $28 billion was up 45% and is now equivalent to the company's full-year 2025 revenue.

More importantly, the company is winning higher-quality work. The business is shifting toward larger, fixed-price contracts, which accounted for around 63% of total revenue in the first quarter. These complex projects, like data center build-outs and large-scale transmission lines, carry higher margin potential than routine maintenance.

This was on display during the first quarter in its underground and infrastructure segment. Despite organic revenue declining by 17%, the segment's operating margin improved to 7.5% from 6% a year ago. The improvement was driven by contributions from acquired businesses specializing in higher-margin mechanical and electrical work inside data centers.

Today's Change

(

3.00

%) $

20.53

Current Price

$

703.82

This shift toward more profitable projects, combined with operating leverage, is boosting the bottom line. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) grew by 36% in the quarter as margins expanded by 60 basis points to 8.7%.

A compelling story at a rich price Last year, free-cash-flow margin dipped to 5.7% from 6.2% as growth consumed more working capital. While cash flow remains healthy, growth is coming at a cost.

To support its record backlog, management has guided for capital expenditures of around $775 million for 2026, nearly 30% higher than the past two years. This necessary investment in equipment and manufacturing capacity will weigh on near-term free cash flow.

Quanta Services is a well-run company with a large runway for growth as it turns the structural demand from AI and electrification into a record book of business. While the operational story is strong, the challenge for investors is the price.

After its epic run, the stock now trades for 52 times this year's earnings estimates, roughly double its average over the past five years. That's a steep price to pay, but its prospects are worth keeping an eye on.

Share buybacks are one of the key ways that companies express confidence in their outlook. This is particularly true when shares take a large hit, as management teams look to retire shares at what they may believe is a depressed price.

Three giants in their respective industries just made notable buyback announcements, even as their stocks move in very different directions. The updates include a new repurchase authorization, an inaugural buyback program, and an accelerated share repurchase (ASR), each sending a different kind of signal to investors.

Get Roblox alerts:

Quanta Adds $1 Billion in Buyback Capacity With Shares on FireQuanta Services Today

PWR

Quanta Services

$703.52 +20.23 (+2.96%)

As of 12:07 PM Eastern

This is a fair market value price provided by Massive. Learn more.

52-Week Range$349.06▼

$788.75Dividend Yield0.06%

P/E Ratio96.39

Price Target$733.87

Quanta Services NYSE: PWR, a leading provider of specialty contractor services for the electric power, energy, and communications industries, has seen its stock age on a tear, up by well over 100% since the start of 2025.

This comes as the firm has been a prime beneficiary of the artificial intelligence buildout, which is putting significant strain on the power grid. As the industry looks to add power capacity, products like Quanta’s power transformers are seeing a surge in demand.

In its first-quarter earnings report, Quanta posted revenue growth of 26% year-over-year (YOY), its fastest growth rate in over two years. The company smashed estimates on both sales and adjusted earnings per share (EPS) and announced a record $48.5 billion backlog. Free cash flow rose 55% YOY to $172 million, and shares gained 16% after the report.

In a clear sign of confidence, Quanta also announced a $1 billion share buyback program. Compared with Quanta’s market capitalization of nearly $105 billion, the program is relatively small, accounting for a bit less than 1% of that figure.

Notably, Quanta greatly increased its buyback spending in Q1 2026. Repurchases came in at $143 million, nearly 10x the amount it spent in Q4 2025.

Roblox Initiates First Buyback Program in HistoryRoblox Today

$42.73 -0.76 (-1.75%)

As of 12:07 PM Eastern

This is a fair market value price provided by Massive. Learn more.

52-Week Range$40.15▼

$150.59Price Target$87.07

On the other side of the equation, Roblox NYSE: RBLX shares have experienced a huge decline; The stock is down more than 40% over the past year.

Even after this fall, Roblox remains one of the largest video game companies in the world, with a market capitalization near $31 billion. This is only moderately lower than legacy giants like Take-Two Interactive Software NASDAQ: TTWO, with its $42 billion market capitalization.

Notably, Roblox shares cratered 18% after the company’s last first-quarter earnings report, which included a substantial revenue miss. To improve the safety of its platform, Roblox has implemented age-check requirements. This is impacting growth, and management cited it as a key reason for lowering Roblox's full-year guidance.

As shares tanked, Roblox announced its first-ever buyback authorization. At $3 billion, the program is large, equal to around 9% of Roblox’s market capitalization. Given the massive drop in RBLX, it's unlikely that the timing of this inaugural program is a coincidence. It shows confidence in the company’s long-term outlook despite current headwinds.

Additionally, the buyback gives Roblox another tool to more effectively offset dilution from stock-based compensation (SBC). Roblox uses SBC heavily among its employees, with SBC equal to around 19% of revenue last quarter.

Boston Scientific Announces $2 Billion Accelerated BuybackBoston Scientific Today

BSX

Boston Scientific

$46.36 -0.81 (-1.71%)

As of 12:07 PM Eastern

This is a fair market value price provided by Massive. Learn more.

52-Week Range$45.99▼

$109.50P/E Ratio19.41

Price Target$85.08

With a market capitalization of around $71 billion, medical device giant Boston Scientific NYSE: BSX is one of the world’s top 10 most valuable stocks in the health care equipment and supplies industry. It's hard to imagine the stock having a worse start to 2026, with shares down nearly 50% year-to-date (YTD).

The stock recently experienced a 12% single-day drop after Boston Scientific’s appearance at the Bernstein Annual Strategic Decisions Conference. CEO Mike Mahoney discussed flat growth for its Watchman stroke prevention device from Q1 to Q2, and possibly into Q3. However, the company maintained its total full-year organic growth guidance of 6.5% to 8%.

Prior to this event, Boston Scientific announced a $2 billion ASR program, indicating it saw significant value in its shares and thus saw a need to repurchase them as quickly as possible.

The company expects that the final settlement of its ASR will take place by the end of June. After this ASR, Boston Scientific will have approximately $3 billion remaining under its share repurchase authorization. This is a substantial amount, roughly 4% of the company’s market capitalization, leaving it with ample firepower to continue buying back stock.

Buybacks Tell Different Stories in Good Times and BadOverall, Quanta, Roblox, and Boston Scientific are using buybacks against very different backdrops.

Quanta is adding repurchase capacity while its business is performing extremely well, and cash flow is rising. Meanwhile, Roblox and Boston Scientific are doing so while their shares get crushed, suggesting that management teams see long-term value despite near-term pressure.

For investors, the key takeaway is that buybacks are not automatically bullish. They matter most when the company has the cash flow, balance sheet strength and operating momentum to support them. Quanta’s authorization looks like a continuation of strength, while Roblox and Boston Scientific are more clearly trying to reinforce confidence during periods of investor doubt.

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The stock has rallied but its story is still in the early innings.

Key Takeaways Quanta raised 2026 guidance after Q1 revenues rose 26.3% and adjusted EPS increased 50.6%.AI-driven demand for data centers, substations and power infrastructure is expanding growth opportunities.PWR trades at a premium valuation, while 2026 and 2027 earnings estimates still imply double-digit growth. Quanta Services, Inc. (PWR - Free Report) has built a reputation for delivering consistent growth while maintaining strong execution across complex infrastructure projects. With demand accelerating across grid modernization, power generation and AI-driven data centers, investors are increasingly asking whether the company can realistically double earnings per share by 2030 without sacrificing profitability.

The foundation for such growth already appears to be in place. Quanta reported first-quarter 2026 revenues of $7.87 billion, up 26.3% year over year, while adjusted earnings per share (EPS) climbed 50.6% to $1.78. Management also raised its full-year 2026 guidance, expecting revenues of $34.7-$35.2 billion (compared with the prior expectations of $33.25-$33.75 billion) and adjusted EPS of $13.55-$14.25 (compared with the earlier projection of $12.65-$13.35), reflecting confidence in both market demand and operational execution.

A key driver is the company’s expanding exposure to large-load infrastructure projects. The rapid growth of Artificial Intelligence is fueling unprecedented investments in data centers, transmission systems, substations and power generation assets. PWR’s integrated service model allows it to capture opportunities across the entire infrastructure value chain, creating multiple avenues for growth. Meanwhile, strategic investments in transformer manufacturing, off-site fabrication and supply-chain capabilities could further enhance margins and execution efficiency.

Importantly, management is not pursuing growth at any cost. The company continues to emphasize margin discipline, targeting high-value projects where execution certainty, labor availability and supply-chain capabilities create competitive advantages. Quanta expects full-year 2026 operating margins in its Electric Infrastructure Solutions segment to remain above 10%, demonstrating its commitment to profitable growth.

Although inflation, labor shortages and project timing risks remain concerns, Quanta’s scale, disciplined bidding approach and favorable infrastructure tailwinds suggest that sustained double-digit earnings growth is achievable. If management successfully balances expansion with profitability, doubling EPS by 2030 may be an ambitious but increasingly realistic goal.

Quanta vs. AECOM vs. Sterling: Who Can Keep Margins Climbing?Quanta remains one of the strongest beneficiaries of the AI-driven data-center infrastructure boom. Its record backlog and strong margin profile reflect rising demand from hyperscalers and utilities seeking to expand power capacity for next-generation data centers.

Meanwhile, Sterling Infrastructure, Inc. (STRL - Free Report) is rapidly emerging as a key player in the market through its E-Infrastructure segment, which serves hyperscale data centers, semiconductor facilities and advanced manufacturing projects. Strong project awards and favorable project mix have supported impressive margin expansion, while growing AI-related construction demand provides a sizable runway for future growth. On the other hand, AECOM (ACM - Free Report) is capitalizing on data-center opportunities from the design, engineering and program-management side. Its asset-light model and expanding pipeline of mission-critical projects are driving margin improvement and positioning the company to benefit from long-term digital infrastructure investments.

Across the sector, accelerating AI adoption, rising electricity demand and large-scale data-center development are creating multiyear opportunities. These trends are supporting backlog growth, stronger margins and expanding addressable markets for Quanta, Sterling and AECOM despite ongoing labor, permitting and supply-chain challenges.

PWR Stock’s Price Performance & Valuation TrendPWR stock has climbed 22.2% in the past three months, outperforming the Zacks Engineering - R and D Services industry, the Zacks Construction sector and the S&P 500 index.

Image Source: Zacks Investment Research

PWR stock is currently trading at a premium compared with the industry peers, with a forward 12-month price-to-earnings (P/E) ratio of 45.47, as evidenced by the chart below.

Image Source: Zacks Investment Research

Earnings Estimate Revision of PWRPWR’s earnings estimates for 2026 and 2027 have trended downward in the past 30 days to $13.94 per share and $16.38 per share, respectively. However, the revised estimates for 2026 and 2027 imply year-over-year growth of 29.7% and 17.5%, respectively.

Image Source: Zacks Investment Research

Quanta currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith continues its investigation on behalf of Prestige Consumer Healthcare (“Prestige Consumer” or the “Company”) (NYSE: PBH) investors concerning the Company’s possible violations of federal securities laws.

IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN PRESTIGE CONSUMER HEALTHCARE (PBH), CONTACT THE LAW OFFICES OF HOWARD G. SMITH ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS.

Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at [email protected], by telephone at (215) 638-4847 or visit our website at www.howardsmithlaw.com.

What Happened?

On May 13, 2026, Prestige Consumer announced fourth quarter and full year 2026 earnings, including that, "for fiscal '26, revenues decreased 4.5% organically versus the prior year" and "[t]otal company adjusted gross margin of 55.6% for the year was approximately flat to 55.8% in the prior year."

In the associated earnings call, the Company’s CEO Ron Lombardi revealed "in Q4, Clear Eyes sales were below expectations due to delayed shipments and production shutdowns ahead of line updates."

On this news, shares of Prestige Consumer fell $5.88 per share, or 11.35%, to close at $45.93 on May 14, 2026.

Contact Us To Participate or Learn More:

If you purchased Prestige Consumer securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:

Law Offices of Howard G. Smith,
3070 Bristol Pike, Suite 112,
Bensalem, Pennsylvania 19020,
Telephone: (215) 638-4847
Email: [email protected],
Visit our website at: www.howardsmithlaw.com.

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

More News From Law Offices of Howard G. Smith

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LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay Wolke & Rotter LLP, a leading national shareholder rights law firm, continues its investigation on behalf of Prestige Consumer Healthcare (“Prestige Consumer” or the “Company”) (NYSE: PBH) investors concerning the Company’s possible violations of the federal securities laws.

IF YOU ARE AN INVESTOR WHO LOST MONEY ON PRESTIGE CONSUMER HEALTHCARE (PBH), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS.

What Happened?

On May 13, 2026, Prestige Consumer announced fourth quarter and full year 2026 earnings, including that, "for fiscal '26, revenues decreased 4.5% organically versus the prior year" and "[t]otal company adjusted gross margin of 55.6% for the year was approximately flat to 55.8% in the prior year."

In the associated earnings call, the Company’s CEO Ron Lombardi revealed "in Q4, Clear Eyes sales were below expectations due to delayed shipments and production shutdowns ahead of line updates."

On this news, shares of Prestige Consumer fell $5.88 per share, or 11.35%, to close at $45.93 on May 14, 2026.

Contact Us To Participate or Learn More:

If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us.

Charles Linehan, Esq.,
Glancy Prongay Wolke & Rotter LLP,
1925 Century Park East, Suite 2100,
Los Angeles California 90067
Email: [email protected]
Telephone: 310-201-9150 (Toll-Free: 888-773-9224)
Visit our website at www.glancylaw.com.
Follow us for updates on LinkedIn, Twitter, or Facebook.

Whistleblower Notice

Persons with non-public information regarding Prestige Consumer should consider their options to aid the investigation or take advantage of the SEC Whistleblower Program. Under the program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Charles H. Linehan at 310-201-9150 or 888-773-9224 or email [email protected].

About Glancy Prongay Wolke & Rotter LLP

GPWR is a premier law firm with decades of experience representing investors and consumers in securities litigation and other complex class action litigation. Recognizing the firm’s recent successes, GPWR was named one of Law360’s Securities Groups of the Year and ranked second-highest in total investor recoveries by Institutional Shareholder Services Securities Class Action Services in 2025. GPWR’s lawyers have handled cases covering a wide spectrum of corporate misconduct and relating to nearly all industries and sectors. GPWR’s past successes have been widely covered by leading news and industry publications such as The Wall Street Journal, The Financial Times, Bloomberg Businessweek, Reuters, the Associated Press, Barron’s, Investor’s Business Daily, Forbes, and Money. Prior results do not guarantee a similar outcome.

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

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