MarketBeat Week in Review – 04/27 - 05/01Marriott International NASDAQ: MAR Chief Financial Officer Jen Mason said travel demand remains broadly healthy, with leisure and group travel showing strength, while the Middle East remains the company’s primary near-term headwind.
Speaking at a Morgan Stanley investor conference, Mason, who recently became CFO after serving as Marriott’s treasurer and head of risk management, said she brings “breadth and depth” across the company after more than three decades in roles spanning finance, technology, strategy, sales and marketing. She said Marriott will continue to emphasize “financial discipline,” capital allocation and investments intended to support long-term growth and shareholder value.
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RevPAR Growth Led by U.S. and Canada Does Marriott’s Massive Rally Mean It’s Time to Check Out?Mason said April revenue per available room, or RevPAR, rose just over 1% year over year, in line with the company’s expectations from its first-quarter earnings call. In the U.S. and Canada, RevPAR increased just over 4%, with luxury leading the way and strength across chain scales.
International RevPAR fell 6% in April, driven primarily by the Middle East. Mason said RevPAR in the Middle East was down about 60% in April, with the impact concentrated in markets including the UAE, Qatar and Saudi Arabia, where occupancies were below 50%. She said May was “not down as much” and that Marriott still feels good about its second-quarter forecast for RevPAR in the Middle East to be down 50%.
Game On: Wall Street's New Rules and Your MoneyEurope remained positive in April, with growth driven by leisure destinations including Spain, Italy, Turkey and Greece. In the U.S. and Canada, Memorial Day weekend RevPAR rose nearly 3% year over year, and June and July bookings were pacing up in both World Cup and non-World Cup markets. In Europe, summer bookings were pacing slightly higher, with demand roughly in line with last year and rates up in the low single digits.
Mason said U.S. travelers represent about 30% of European bookings and were down slightly year over year, but that weakness was being offset by growth from Canada and China.
Middle East Seen as Key Swing Factor Mason said Marriott remains confident in leisure demand and described group travel as healthy, with group RevPAR up more than 5% in the first quarter and full-year pace remaining strong.
She identified the Middle East as a key swing factor for the year due to the “fluidity and uncertainty” of the situation in the region. Marriott’s outlook assumes that uncertainty continues, with an expected full-year RevPAR impact of about 100 to 125 basis points, mainly from the Middle East.
For the full year, Mason said Marriott is still projecting global RevPAR growth of 2% to 3%, with the U.S. and Canada expected to be at the high end of that range. She said the company expects RevPAR growth in the second half of the year to be slightly lower than in the first half and is monitoring the health of the consumer, including whether higher oil prices could weigh on demand.
Development Pipeline Remains a Focus Mason said Marriott’s development pitch to owners is “stronger than ever,” citing the company’s brand portfolio, loyalty platform, distribution channels and revenue engines. She said Marriott is still projecting 4.5% to 5% net rooms growth for the year and feels good about a mid-single-digit range thereafter.
International markets remain a central part of the growth strategy. Mason said Marriott’s international market share of open rooms is about 4%, while its share of global new construction pipeline rooms is nearly four times that level. More than half of Marriott’s 618,000-room pipeline is outside the U.S. and Canada.
She also discussed the company’s Series collection brand, describing it as a regional and local offering that allows hotels to keep their identities while using Marriott’s channels. Unlike soft brands such as Luxury Collection, Autograph and Tribute, which tend to play in upper-upscale and luxury, Series is focused on midscale to upscale and more domestically oriented travelers.
Fees, Credit Cards and Cost Discipline Mason said Marriott’s pipeline is diversified by chain scale, geography and segment. At the end of the first quarter, about 38% of pipeline rooms were in luxury and full service, while midscale represented about 5% of pipeline growth.
She said fees per room in 2025 grew slightly year over year despite a relatively low RevPAR environment and growth into midscale. Total fees per room are growing “meaningfully” year over year, primarily because of an increase in credit card-related fees.
Marriott’s outlook excludes any impact from renegotiated U.S. co-brand credit card agreements, Mason said. She said the company expects additional upside once deals are signed, though the full impact would come after cards are relaunched. She also said credit card fees have historically been less cyclical than hotel fees, though they remain influenced by the broader macroeconomic environment and consumer health.
On costs, Mason said Marriott will continue to focus on keeping general and administrative expenses low relative to its growth trajectory to support operating leverage. If RevPAR were to decline in a recession or downturn, she said the company would look at projects it could stop and other ways to constrain G&A, though the line is not purely variable.
Technology and AI Investments Mason said Marriott is in the midst of a broad technology transformation across reservations, property management and loyalty systems. She said key performance indicators include revenue upside from improved merchandising, better conversion on Marriott’s website and app, intent-to-recommend scores, reduced front-desk workload and shorter training times for associates. Marriott has deployed the new systems at more than 1,000 properties, with the rollout continuing for at least another year.
On artificial intelligence, Mason said Marriott is launching conversational search on Marriott.com and the Bonvoy app, partnering with Google on AI Mode, working with OpenAI in an ad pilot program and launching a Marriott ChatGPT app. She said the company wants to influence the evolution of AI-driven distribution while continuing to encourage direct bookings.
Asked to identify the biggest AI opportunity, Mason pointed to distribution. She said AI tools could help Marriott redefine distribution, support more direct bookings and potentially create cost savings for owners if new channels prove less expensive than existing online travel agency models.
About Marriott International NASDAQ: MARMarriott International is a global lodging company that develops, manages and franchises a broad portfolio of hotels and related lodging facilities. Its core activities include hotel and resort management, franchise operations, property development and the provision of centralized services such as reservations, marketing and loyalty program management. The company's brand architecture spans market segments from luxury and premium to select-service and extended-stay, enabling it to serve a wide range of business and leisure travelers as well as corporate and group customers.
The company traces its roots to the hospitality business founded by J.
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2 tech stocks insisting the hospitality industry is still strongAgilysys NASDAQ: AGYS President and CEO Ramesh Srinivasan said the hospitality software provider is entering a new phase of growth after years of rebuilding its product portfolio, with subscription revenue, property management systems and artificial intelligence features expected to drive the business.
Speaking at a William Blair conference session hosted by research analyst Stephen Sheldon, Srinivasan described Agilysys as a company that has effectively recreated itself since 2017, when it began modernizing its hospitality-focused software suite. He said the company, which ended its latest fiscal year with about $319 million in annual revenue, has guided for $365 million to $370 million in revenue for the current fiscal year.
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“Think of us as a $365 million-$370 million annual revenue startup that is about four years old,” Srinivasan said, referring to the age of the company’s current cloud-native product set.
Subscription Revenue Remains the Growth Engine Srinivasan said Agilysys has now posted 17 consecutive quarters of sequential record revenue and has grown subscription revenue year over year by at least 23% for 18 consecutive quarters. He said subscription revenue has doubled over the past two and a half years, while total revenue has doubled and subscription revenue has tripled over the past four years.
The company expects at least 30% subscription revenue growth in the current fiscal year, which Srinivasan said would mark the third consecutive year of subscription growth above that level. He said about two-thirds of total revenue is now recurring, including subscription revenue and annual maintenance, and that Agilysys is approaching a point where more than half of revenue will come from subscriptions.
Agilysys’ point-of-sale business still accounts for more than 50% of total revenue, but Srinivasan said the company’s property management system, or PMS, segment is its fastest-growing area. He said PMS recurring revenue is expected to exceed POS recurring revenue for the first time this fiscal year.
Marriott Rollout Highlights PMS Momentum Srinivasan pointed to Marriott as the company’s largest historical win, saying the hotel operator selected Agilysys in December 2022 for thousands of properties after the company was not initially part of the request-for-proposal process. According to Srinivasan, Marriott called Agilysys after reviewing other products and asked to see the company’s PMS offering.
“The single biggest deal we have ever won in our company’s history was an incoming 800 call from a small company called Marriott,” Srinivasan said.
He said more than 1,000 Marriott properties are already live on the system, citing Marriott’s own recent earnings call.
Agilysys serves several hospitality verticals, including casino gaming, managed food service, hotels, cruise ships and multi-unit restaurants. Srinivasan said more than 50% of Agilysys revenue comes from casino gaming. He also said international revenue represents only about 9% of the business, which he described as both a limitation and a growth opportunity, particularly in APAC and EMEA.
Product Ecosystem Is Central to Strategy Srinivasan emphasized that Agilysys is focused entirely on hospitality software, including POS, PMS, inventory procurement for food and beverage and related modules. He said about two-thirds of the company is in research and development and that the company’s main advantage is an integrated product ecosystem built around POS and PMS.
He said Agilysys customers use an average of 2.3 products per property, while eight or nine modules may apply to a typical property. That creates additional selling opportunities within the existing customer base, he said.
The company’s product ecosystem includes modules for mobile ordering, kiosks, handheld server devices, web booking, service optimization, sales and catering, golf, spa, loyalty and promotions. Srinivasan said the integrated approach helps customers reduce the number of vendors they rely on and accelerate innovation across amenities.
AI Features Added With Guardrails Srinivasan said Agilysys is introducing more than 35 AI features before the end of July, with many already in place. He grouped the features into four categories: hyper-personalization, multimodal user experience, agentic AI and revenue intelligence.
He said the company’s AI work builds on an “intelligent guest profile” that can connect data across multiple resort amenities, allowing employees in areas such as front desk, golf, spa or dining to receive AI-generated guest insights. He gave the example of staff seeing a short AI-generated summary that may include a guest’s prior stay history, preferences or service issues.
Srinivasan said Agilysys has put governance controls around AI usage, including limits on development and cloud costs, and said the company will not train large language models using customer data. He also cited the need to protect personally identifiable information and comply with GDPR in Europe.
“We are not going to use AI as a crutch to report lowering of profitability,” Srinivasan said, adding that both gross margin and operating margin are expected to improve this year with increased use of AI.
Profitability Targets Move Higher Srinivasan said Agilysys expects adjusted EBITDA margin of 24% for the current fiscal year, up from 21% previously. He said the company expects first-quarter profitability to be lower, around 16%, due to costs including its April user conference and annual expenses, but expects profitability to rise through the year and approach 30% in the fourth quarter.
He said the company’s rebuilding phase has largely been completed and that operating leverage is beginning to take hold.
“Now we have all the products created. Now we have to behave like a good enterprise software company,” Srinivasan said.
During a brief question-and-answer session, Sheldon asked about customer conversations at Agilysys’ Inspire user conference. Srinivasan said hospitality operators are seeking innovation, better guest satisfaction, fewer integration challenges and more efficient operations, particularly as they evaluate AI-enabled features.
“They are looking to modernize,” Srinivasan said. “More than anything else, they are looking for better guest satisfaction.”
About Agilysys NASDAQ: AGYSAgilysys, Inc is a publicly traded technology company NASDAQ: AGYS that specializes in providing software and services to the hospitality industry. The company's solutions span property management, point-of-sale, inventory and procurement, workforce management, analytics and mobile guest engagement. These offerings are designed to streamline hotel and resort operations, enhance guest experiences and improve financial performance for clients across the lodging, gaming, cruise, senior living and higher-education markets.
Agilysys delivers its portfolio through both cloud-based and on-premises deployments, enabling hoteliers and hospitality operators to select the infrastructure model that best aligns with their operational requirements and IT strategies.
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A month has gone by since the last earnings report for Marriott International (MAR - Free Report) . Shares have added about 9.4% in that time frame, outperforming the S&P 500.
But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Marriott due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the latest earnings report in order to get a better handle on the important catalysts.
Marriott Q1 Earnings Beat Estimates on Higher RevPAR & FeesMarriott reported first-quarter 2026 results, with adjusted earnings and revenues beating the Zacks Consensus Estimate. The top and bottom lines increased on a year-over-year basis.
The quarter reflected broad-based demand, with worldwide RevPAR rising 4.2%. Strength in fee generation and continued development momentum also supported results.
MAR’s Q1 Earnings & Revenue DiscussionMarriott’s adjusted earnings per share (EPS) of $2.72 beat the Zacks Consensus Estimate of $2.58. It increased 17.2% year over year from $2.32 reported in the prior-year quarter.
Quarterly revenues of $6.65 billion beat the consensus mark of $6.59 billion. The top line moved up 6.2% on a year-over-year basis.
MAR’s Q1 Fee Revenue Mix Shows Broad StrengthMarriott’s asset-light model translated into higher fee generation in the quarter. Franchise fees rose to $872 million from $746 million in the prior-year period, benefiting from a combination of unit growth and improving systemwide performance.
In the first quarter, Base management fees increased to $339 million compared with $325 million reported in the prior-year quarter. Our model projected the metric to be $330.4 million.
Incentive management fees advanced to $222 million from $204 million in the year-ago period, supported by stronger results in the United States & Canada and broad-based improvement across international regions. Our model projected the metric to be $207.7 million.
Marriott’s Q1 RevPAR Gains Led by APEC & U.S.In the United States & Canada, comparable systemwide RevPAR increased 4.0% year over year. Management noted that performance strengthened through the quarter and was broad-based across customer segments and chain scales, pointing to resilient travel demand.
International markets delivered additional upside, with RevPAR up 4.6% year over year despite the conflict in the Middle East affecting March trends. APEC led international performance, with first-quarter RevPAR increasing more than 7%, while RevPAR in Greater China increased by almost 6%, driven by leisure travel.
MAR’s Q1 Profitability Benefits From Operating LeverageOperating income improved to $1,064 million from $948 million in the year-ago quarter, reflecting higher fee revenues and disciplined execution across the platform. Adjusted EBITDA increased 15% year over year to $1,398 million, indicating healthy operating leverage despite cost headwinds.
Costs moved higher in select areas. General and administrative expenses totaled $219 million compared with $209 million a year ago, reflecting higher compensation costs partly due to timing and partially offset by lower litigation expenses. Net interest expense rose to $204 million from $183 million, largely due to higher interest expense associated with higher debt balances, while the tax provision increased to $210 million from $99 million.
Marriott Expands Pipeline With Record SigningsMarriott’s development momentum remained a key highlight. The company added roughly 15,900 net rooms globally during the quarter, including approximately 7,500 net rooms in international markets, lifting net rooms growth to 4.5% from the end of the first quarter of 2025.
At quarter-end, Marriott’s worldwide development pipeline reached a new record of 4,107 properties and nearly 618,000 rooms. About 43% of pipeline rooms were under construction, including hotels pending conversion. Conversions continued to play an important role, representing more than 35% of signings and over 40% of openings in the quarter.
MAR’s Balance Sheet Supports Ongoing Capital ReturnMarriott ended the quarter with total debt of $16.5 billion and cash and equivalents of $0.5 billion, compared with $16.2 billion of debt and $0.4 billion of cash and equivalents at year-end 2025. The company also issued $600 million of senior notes due 2033 with a 4.5% coupon and $850 million of senior notes due 2038 with a 5.1% coupon.
Capital returns remained robust. Marriott repurchased 2.1 million shares for $0.7 billion during the quarter. Year to date through April 29, the company returned more than $1.2 billion to its shareholders through dividends and share repurchases and had repurchased 3.1 million shares for $1.1 billion.
Marriott’s 2026 Outlook Calls for Steady GrowthFor the second quarter of 2026, management expects worldwide comparable systemwide constant-dollar RevPAR growth of 1.5% to 2.5%. Gross fee revenues are projected between $1,538 million and $1,553 million, while adjusted EBITDA is expected in the range of $1,525 million to $1,550 million.
For full-year 2026, Marriott projects worldwide RevPAR growth of 2.0% to 3.0% and year-end net rooms growth of 4.5% to 5%. The company expects gross fee revenues of $5,925 million to $5,985 million and adjusted EBITDA of $5,880 million to $5,970 million. The updated outlook assumes continued impacts from the conflict in the Middle East through year-end and excludes any impact from the renegotiation of the U.S. co-branded cards, as discussions remain ongoing.
How Have Estimates Been Moving Since Then?It turns out, estimates review have trended downward during the past month.
VGM ScoresAt this time, Marriott has a nice Growth Score of B, though it is lagging a lot on the Momentum Score front with an F. Charting a somewhat similar path, the stock was allocated a score of D on the value side, putting it in the bottom 40% for this investment strategy.
Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Interestingly, Marriott has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry PlayerMarriott is part of the Zacks Hotels and Motels industry. Over the past month, Hyatt Hotels (H - Free Report) , a stock from the same industry, has gained 11%. The company reported its results for the quarter ended March 2026 more than a month ago.
Hyatt Hotels reported revenues of $1.75 billion in the last reported quarter, representing a year-over-year change of +1.7%. EPS of $0.63 for the same period compares with $0.46 a year ago.
For the current quarter, Hyatt Hotels is expected to post earnings of $0.89 per share, indicating a change of +30.9% from the year-ago quarter. The Zacks Consensus Estimate has changed -1.7% over the last 30 days.
Hyatt Hotels has a Zacks Rank #3 (Hold) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of D.
, /PRNewswire/ -- Marriott International, Inc. (Nasdaq: MAR) today announced it has entered into a joint venture with the Leali family, founders of Lefay, to bring the highly regarded luxury wellness hospitality brand into Marriott's global portfolio. The closing of the transaction marks an important step in Marriott's strategy to expand its focus on wellbeing and introduces Lefay as the company's first brand focused exclusively on luxury wellness.
Lefay Resort & SPA Dolomiti Indoor Outdoor Pool Founded in Italy in 2006 by Domenico Alcide and Liliana Leali, Lefay is known for its immersive resorts in natural settings and its proprietary Lefay SPA Method, which blends scientific research with holistic wellness traditions. The brand's philosophy centers on transformative spaces, serenity, and sustainability and aims to redefine modern luxury through wellbeing and authenticity. Lefay properties emphasize architectural harmony with natural environment, expansive indoor-outdoor spaces, sustainable materials, and wellness programs that integrate movement, nutrition, and preventative health expertise. Guests may choose from à‑la‑carte treatments or structured multi day wellness programs, all rooted in Lefay's holistic and science-backed philosophy.
The current portfolio includes two award-winning properties in Lago di Garda and the Dolomites, with additional resorts under development in Tuscany, Southern Italy, and the Swiss Alps.
The joint venture owns the Lefay brand and intellectual property assets and the Italian real estate assets continue to be owned by the brand's founders. The properties will operate under long‑term management agreements with the joint venture. Marriott will support the brand's growth through its global development, sales, marketing, and distribution platforms, while preserving Lefay's unique brand identity and approach to wellness.
Lefay properties will be available through Marriott's digital platforms and participate in the company's award-winning Marriott Bonvoy ® loyalty program, with integration expected to be completed in late 2026.
ABOUT MARRIOTT INTERNATIONAL
Marriott International, Inc. (Nasdaq: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of compelling brands across luxury, premium, select, midscale, extended stay, and all-inclusive, with over 9,900 properties in 146 countries and territories, as of March 31, 2026. Marriott franchises, operates, and licenses hotel, residential, timeshare, yacht, outdoor, and other lodging products all around the world. The company offers Marriott Bonvoy®, its highly awarded travel platform. For more information, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com. In addition, connect with us on Facebook and @MarriottIntl on X and Instagram.
, /PRNewswire/ -- Marriott International, Inc. (Nasdaq: MAR) today announced it has entered into a joint venture with the Leali family, founders of Lefay, to bring the highly regarded luxury wellness hospitality brand into Marriott's global portfolio. The closing of the transaction marks an important step in Marriott's strategy to expand its focus on wellbeing and introduces Lefay as the company's first brand focused exclusively on luxury wellness.
Founded in Italy in 2006 by Domenico Alcide and Liliana Leali, Lefay is known for its immersive resorts in natural settings and its proprietary Lefay SPA Method, which blends scientific research with holistic wellness traditions. The brand's philosophy centers on transformative spaces, serenity, and sustainability and aims to redefine modern luxury through wellbeing and authenticity. Lefay properties emphasize architectural harmony with natural environment, expansive indoor-outdoor spaces, sustainable materials, and wellness programs that integrate movement, nutrition, and preventative health expertise. Guests may choose from à‑la‑carte treatments or structured multi day wellness programs, all rooted in Lefay's holistic and science-backed philosophy.
The current portfolio includes two award-winning properties in Lago di Garda and the Dolomites, with additional resorts under development in Tuscany, Southern Italy, and the Swiss Alps.
The joint venture owns the Lefay brand and intellectual property assets and the Italian real estate assets continue to be owned by the brand's founders. The properties will operate under long‑term management agreements with the joint venture. Marriott will support the brand's growth through its global development, sales, marketing, and distribution platforms, while preserving Lefay's unique brand identity and approach to wellness.
Lefay properties will be available through Marriott's digital platforms and participate in the company's award-winning Marriott Bonvoy ® loyalty program, with integration expected to be completed in late 2026.
ABOUT MARRIOTT INTERNATIONAL
Marriott International, Inc. (Nasdaq: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of compelling brands across luxury, premium, select, midscale, extended stay, and all-inclusive, with over 9,900 properties in 146 countries and territories, as of March 31, 2026. Marriott franchises, operates, and licenses hotel, residential, timeshare, yacht, outdoor, and other lodging products all around the world. The company offers Marriott Bonvoy®, its highly awarded travel platform. For more information, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com. In addition, connect with us on Facebook and @MarriottIntl on X and Instagram.
IRPR#1
View original content to download multimedia:https://www.prnewswire.com/news-releases/marriott-international-completes-transaction-to-bring-lefay-into-its-global-portfolio-through-joint-venture-302796810.html
Key Takeaways PEJ may gain as leisure & hospitality added 70K jobs, far above the yearly average.XLV stays attractive as healthcare added 35K jobs, led by ambulatory care services.XLE and XOM are in focus as mining and energy employment continued to expand. Nonfarm payrolls jumped a seasonally adjusted 172,000 in May, down slightly from the upwardly revised 179,000 in April and way higher than the Dow Jones consensus estimate for 80,000, as quoted on CNBC.
The unemployment rate held steady at 4.3%, as expected. Average hourly earnings rose 0.3% for the month and were up 3.4% over the past year, both in line with the Wall Street consensus, as reported by CNBC.
Winning Sector ETFs in FocusLeisure and HospitalityEmployment in this sector added 70,000 jobs in May, way higher than the average monthly gain of 14,000 over the past one year. Over the month, food services and drinking places added 48,000 jobs.
Invesco Leisure and Entertainment ETF (PEJ) can thus be considered for a play. Marriott International (MAR - Free Report) , a Zacks Rank #3 stock, is a leading hospitality company focused on hotel management, franchising and licensing.
Health CareHealth care employment has been an area of strength. Health care added 35,000 jobs in May, in line with the average monthly gain of 38,000 over the past one year. Over the month, ambulatory health care services added 26,000 jobs, including a gain of 11,000 in home health care services. Employment continued to trend up in hospitals (+6,000).
Zacks Rank #1 (Strong Buy) Health Care Select Sector SPDR ETF (XLV - Free Report) can be played to tap the moderate momentum. The fund has 37% exposure to the pharma industry, followed by 18.8% exposure to the health care equipment & supplies, about 18.4% focus on biotechnology, 16.65% exposure to the healthcare providers & services industry, and 8.8% focus on the life sciences tools & services.
HCA Healthcare (HCA - Free Report) , which has a Zacks Rank #3 (Hold), deserves a mention. It is the largest non-governmental operator of acute care hospitals in the United States. The company has a trailing four-quarter earnings surprise of 10.56%, on average.
Mining & Oil and Gas ExtractionEmployment in mining, quarrying, and oil and gas extraction increased by 5,000 in May and is up by 10,000 since February. The data put focus Zacks Rank #1 State Street Energy Select Sector SPDR ETF (XLE - Free Report) and Zacks Rank #3 Exxon Mobil (XOM - Free Report) . Exxon is one of the world's largest publicly traded international oil, natural gas, and petrochemical companies.
The 2026 FIFA World Cup kicks off on Thursday in Mexico with an opening ceremony followed by the tournament's first match between hosts Mexico and South Africa, marking the beginning of the largest World Cup in history.
Spread across the United States, Canada, and Mexico through July 19, the tournament is expected to draw millions of visitors and generate a surge in spending across travel, hospitality, transportation, betting, and consumer goods sectors.
While global economic growth remains uneven and consumer spending has shown signs of strain in several markets, analysts believe the month-long sporting spectacle could provide a meaningful boost to a range of companies tied to tourism and entertainment.
According to FIFA's socioeconomic impact analysis conducted with the World Trade Organization, the tournament is expected to add roughly $41 billion to global GDP.
One of the clearest beneficiaries could be the travel and lodging industry.
B. Riley estimates that the World Cup will attract around 13.1 million visitors, including both ticketed and non-ticketed attendees.
The brokerage forecasts that approximately 21.3 million hotel room nights will be booked through online travel platforms during the event.
Analysts expect major hotel operators such as Marriott International, Hilton Worldwide, and Hyatt Hotels to benefit from higher occupancy rates, alongside travel platforms such as Airbnb, Booking Holdings, and Expedia Group.
Marriott has indicated that World Cup-related demand is expected to extend into the third quarter, while Airbnb expects hosts in New York-New Jersey, Boston, and Los Angeles to generate some of the highest earnings during the tournament.
Deutsche Bank believes hotel real estate investment trusts (REITs) with exposure to host cities could see meaningful gains.
The bank incorporated a 50-to-75 basis point increase in revenue per available room across its forecasts and named DiamondRock Hospitality, Host Hotels & Resorts, Park Hotels & Resorts, and Ryman Hospitality Properties among its preferred names.
DiamondRock has the highest exposure to World Cup host-city revenues at 34%, followed by Sunstone Hotel Investors at 23%, Host Hotels and Park Hotels at 21% each, and Ryman Hospitality at 14%.
Beyond hotels, Deutsche Bank also highlighted rideshare operators Uber Technologies and Lyft as likely beneficiaries of increased visitor traffic.
Sports betting companies are also expected to receive gains as fans engage with the tournament.
Macquarie analyst Chad Beynon estimates that global wagering on the World Cup could exceed $50 billion, up from more than $35 billion during the 2022 tournament.
The brokerage expects the event to contribute roughly 2% to 5% growth in operator EBITDA during 2027, particularly for companies with strong soccer audiences and international operations.
Macquarie identified Flutter Entertainment, owner of FanDuel, as one of the best-positioned companies.
The firm's global footprint provides exposure not only to North American markets hosting the tournament but also to football-centric countries such as Brazil.
Deutsche Bank estimates that US sports betting handle related to the World Cup could reach $3.3 billion under its base case scenario.
FanDuel is projected to account for approximately $1.3 billion of that total, followed by DraftKings at $1.1 billion, with smaller contributions from BetMGM, Caesars, and TheScoreBet.
The World Cup could also provide a platform for global consumer brands.
Morgan Stanley named The Coca-Cola Company its top beverage pick on June 8, citing the tournament as a near-term catalyst.
The brokerage maintained an Overweight rating and set a price target of $89, implying roughly 6% upside from recent trading levels.
Coca-Cola has been a FIFA sponsor since 1978 and will once again enjoy extensive global exposure during the event.
However, some analysts caution against overstating the financial impact.
According to AInvest, the World Cup's value for Coca-Cola is more closely tied to brand visibility than material earnings growth.
"The sponsorship costs are already sunk. The incremental volume lift from a six-week tournament, even one hosted in North America, is a marginal contribution against a $48 billion revenue base. It is a catalyst for sentiment, not for fundamentals," it said.
AInvest added that Coca-Cola's share-price gains this year have largely been driven by pricing power and execution rather than World Cup-related expectations.
Citi said traditional grocery chains such as Albertsons and Kroger, along with large retailers including Walmart and Target, could benefit from higher household spending tied to the World Cup.
The brokerage also expects increased tourism and group-viewing events to support restaurant demand.
That could provide a boost to fast-food and casual dining chains such as McDonald's, Domino's Pizza, Wingstop, and Chipotle, while food distributors including Performance Food Group, US Foods, and Sysco may also see higher volumes during the tournament.
Marriott International opened its 10,000th property globally, the JW Marriott Ranthambore Resort & Spa in India, marking a historic milestone as the company approaches its 100th anniversary. The JW Marriott Ranthambore Resort & Spa features 127 accommodations, including private villas, and is located near Ranthambore National Park. Marriott's leading luxury portfolio comprises nearly 700 properties across 74 countries and territories, with the JW Marriott brand surpassing 130 properties globally. , /PRNewswire/ -- Marriott International, Inc. (NASDAQ: MAR, "Marriott") today announced the opening of its 10,000th property globally, the JW Marriott Ranthambore Resort & Spa, marking a historic milestone for the company as it approaches its 100th anniversary.
JW Marriott Ranthambore Resort & Spa "Marriott was founded 99 years ago as a nine‑seat root beer stand, and as of today, has grown into a global portfolio of 10,000 properties spanning 146 countries and territories. I'm immensely proud of this tremendous milestone, made possible by our global teams and the owners who continue to place their trust in Marriott brands," said Marriott International President and CEO Anthony Capuano. "Marking this accomplishment with a property carrying the JW Marriott brand is especially meaningful given its naming after our co-founder, J. Willard Marriott. He and Alice S. Marriott built an incredible legacy of opportunity, service, and innovation that we're privileged to carry forward."
The JW Marriott Ranthambore celebrated the opening with associates and company leaders, including David Marriott, Chairman of the Board, and Rajeev Menon, President, Asia Pacific excluding China (APEC), along with the resort's owner Nilesh Gadhiya and the Gadhiya family.
Situated a short drive from Ranthambore National Park, the resort offers an immersive luxury retreat with 127 thoughtfully designed accommodations, including private villas, guestrooms, and suites. On property, guests can reconnect with nature and experience elevated dining through a range of diverse dining experiences, from modern Indian cuisine and regional specialties to locally inspired botanical cocktails.
With the JW Marriott brand portfolio now comprising over 130 properties globally, this opening strengthens the company's unrivaled luxury portfolio, which spans seven brands representing nearly 700 properties in 74 countries and territories, offering guests transformative experiences in the world's most sought-after destinations.
As Marriott continues striving to meet the evolving needs of every traveler and trip purpose, the company has recently celebrated several exciting openings, spanning midscale to luxury, including:
The St. Regis Budapest opened in April and marked the brand's debut in Hungary. Set within the iconic Klotild Palace, one of the city's most renowned architectural landmarks, the property introduced the brand's timeless sophistication, signature rituals and anticipatory service to Budapest's most distinguished address. The Westin Playa Vallarta, an All-Inclusive Resort officially opened as Westin's first all-inclusive property in Mexico. Located along the shores of Banderas Bay, the resort introduces a refined, experience-driven interpretation of stress-free, all-inclusive travel. Artik Suzhou, Apartments by Marriott Bonvoy opened earlier this year, marking the brand's debut in Greater China. Located in the heart of the historic city of Suzhou, the property blends contemporary design with the refined elegance of Suzhou's centuries-old cultural heritage. StudioRes by Marriott Greensboro Airport officially opened its doors in May, about a year after signing. The new-build property was developed using modular construction and joined one of the company's newest brand portfolios, catering to extended-stay guests. ABOUT MARRIOTT INTERNATIONAL
Marriott International, Inc. (Nasdaq: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of compelling brands across luxury, premium, select, midscale, extended stay, and all-inclusive, with 10,000 properties in 146 countries and territories, as of June 11, 2026. Marriott franchises, operates, and licenses hotel, residential, timeshare, yacht, outdoor, and other lodging products all around the world. The company offers Marriott Bonvoy®, its highly awarded travel platform. For more information, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com. In addition, connect with us on Facebook and @MarriottIntl on X and Instagram.
GR86 Receives Focused Enhancements for 2027, Including Updated Throttle Calibration, Improved Shift Feel, New Interior Treatments and Expanded Convenience Features New Thunder Exterior Color Highlights GR86's Sculpted Body Lines New Cockpit Red Interior Option Added to Premium Grades 2.4-Liter, 4-Cylinder Boxer Engine Generates 228 Horsepower and 184 lb.-ft. of Torque Available Performance Package Includes Brembo® Brakes and SACHS® Dampers Complimentary 1-year Membership to the National Auto Sport Association Expected to Arrive at Dealerships Summer 2026 PLEASANTON, Calif.
Atlanta, Georgia--(Newsfile Corp. - June 1, 2026) - For the first time in Georgia, two pioneers at the intersection of consciousness and energy technology will share the stage in a groundbreaking event, June 11, 2026. Dannion Brinkley, bestselling author of "Saved by the Light" whose books have sold millions of copies worldwide, joins Dr. Sandra Rose Michael, inventor of the Energy Enhancement System™ (EESystem™), to explore what happens when human experience meets scientific innovation.
Figure 1- Energy Enhancement Logo
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11143/299652_77c7f523144f2a45_001full.jpg
The event marks a significant moment for Metro Atlanta's growing consciousness and holistic health community, as it represents the first time an EESystem™ center owner has booked a conference hall to accommodate 300 attendees-signaling the technology's expanding reach beyond clinical settings into mainstream wellness conversations.
"People are quietly seeking something different - relief, clarity, and a deeper understanding of energy and healing," said Alison Planche, owner of Positive Energy Center and event organizer. "It is also a rare opportunity to establish connection with like-minded people who also claim their personal sovereignty." Linda Pitsoulis, owner of EESystem™ Atlanta, added, "This event goes beyond typical lectures on technology or personal survival stories. It's in support of preventative consciousness work - transformation before crisis." Pitsoulis goes on to say, "The idea is to not wait till we're close to death for a life review. The EESystem™ creates space for reflection and recalibration while we're alive, so we can approach living our lives by design rather than by default."
What Makes This Event Unique
Dannion Brinkley's 1975 near-death experience, during which he was struck by lightning and declared clinically dead for 28 minutes, included prophetic visions that have since come to fruition. Among them: a vision of a "light system" that would help humanity heal. Thirty years ago, he met Dr. Sandra Michael-and the EESystem™ she created aligns with that vision. Now, they travel together sharing the marriage of mystical foresight and quantum technology.
The EESystem™ uses scalar energy fields to create an environment where the body's innate intelligence determines what frequencies it needs for optimization. Unlike practitioner-controlled frequency machines, this holistic technology trusts the body's wisdom - a philosophy that mirrors Brinkley's core message about human sovereignty and consciousness.
Event Details
CONVERSATIONS THAT MATTER w/Dannion Brinkley and Dr. Sandra Rose Michael
Where Experience Meets Science - What does Near-Death Experience have to do with Energy Healing?
Conference Presentation - June 11, 2026
Time: 6:30pm - 8:30pm (Doors open 5:45 PM)
Location: Forsyth Conference Center, 3410 Ronald Regan Blvd, Cumming, GA 30041
Capacity: 300 attendees
Experience: Interactive presentation featuring slide presentation, live dialogue between speakers, and Q&A
Investment: $45 (conference only/Includes Gift of 2hr complimentary session at Georgia based center of choice) or $80 (VIP Meet & Greet 6/10 + conference+Gift)
About Dannion Brinkley
Dannion Brinkley is a bestselling author whose books, including "Saved by the Light," "At Peace in the Light," and "Secrets of the Light," have been translated into multiple languages and sold millions of copies worldwide. He is a pioneering advocate for hospice care and helped establish the foundation for the VA hospice program. His near-death experiences and subsequent work focus on consciousness, personal responsibility, and the interconnectedness of all beings.
About Dr. Sandra Rose Michael
Dr. Sandra Rose Michael is the inventor of the Energy Enhancement System™ (EESystem™), a groundbreaking scalar energy technology installed in centers worldwide, from the United States to Dubai and beyond. The system combines biophoton technology, quantum mechanics, and scalar energy to create an optimized environment for consciousness expansion.
About Energy Enhancement Centers™
EESystem™ Centers provide 2-3+ hour scalar energy sessions in comfortable environments designed to support the body's natural healing intelligence. Services are provided to individuals as group experiences for anyone seeking physical healing, mental clarity, and consciousness expansion. The centers are individually owned and part of a growing network of over 500 centers across 60+ countries, bringing this technology to communities globally - with thousands of units also found in private homes, making this healing experience more accessible than ever.
Why This Matters for Georgia
Beyond the immediate event, this gathering launches an ongoing initiative to build community around higher consciousness and holistic wellness in Atlanta. With three EESystem™ centers now operating in the metro area, Georgia is destined to become a hub for consciousness-driven health.
Additionally, Dannion Brinkley, a passionate advocate for Veterans supports EESystem™ center owners to develop partnerships with the VA healthcare system -an opportunity that could bring scalar energy technology to veterans dealing with PTSD, chronic pain, and other conditions. With Georgia's significant veteran population and strong VA infrastructure, Atlanta is positioned to lead this potential integration.
Registration Information
Seating is limited to 300 attendees for the conference hall presentation. Early registration is encouraged.
To register or for more information:
Website: https://eesystematlanta.org/conversationsthatmatter/
Email: [email protected]
Phone: 470 454-5682
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/299652
Source: Evertise AI PR
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New GRMN Corolla Represents the Pinnacle of GR Corolla Performance Increased Engine Torque and Chassis Enhancements Help Deliver a More Engaging, Track-Inspired Driving Experience Dedicated Aerodynamic and Suspension Components Developed Through Super Taikyu Competition and Nürburgring Testing All-Wheel-Drive Control Optimized Further Through Extensive Nürburgring Development , /PRNewswire/ -- Driving enthusiasts, rejoice: GAZOO Racing (GR) has unveiled the 2026 GRMN Corolla, the ultimate in GR Corolla performance. This track-oriented compact hatchback was developed under GR's philosophy of "making better cars starting from motorsport," and it was engineered so drivers can confidently push it to the limit at the Nürburgring, where Master Driver Akio Toyoda, also known as Morizo, began his driving career.
Born from Morizo's strong desire "to bring back a Corolla that captivates customers," the GR Corolla has been exhaustively refined.
Peak Performance: Toyota Introduces the 2026 GRMN Corolla - New GRMN Corolla Represents the Pinnacle of GR Corolla Performance The 2026 GRMN Corolla will be built at Toyota Motor Corporation's Motomachi plant in Japan, primarily for North America, Japan and Australia. More information on the full model specifications and Manufacturer's Suggested Retail Price will be provided later.
What's New
The GRMN Corolla represents the ultimate expression of the GR Corolla, engineered to deepen the connection between car and driver and inspire confidence even at the limits of performance. Developed with a singular focus on responsiveness, control and driver engagement, it pursues a wilder, more visceral character through increased engine torque and a series of purpose-built enhancements drawn directly from motorsports competition and intensive circuit testing.
Its development reflects lessons learned through competition in the Super Taikyu series and repeated testing at the Nürburgring, where dedicated aerodynamic parts, suspension components and optimized all-wheel-drive control were honed to help elevate performance.
Inside, the GRMN Corolla continues that driver-first philosophy with an evolved cockpit featuring dedicated seats and a flocked instrument panel, creating a more focused environment designed to help the driver concentrate more fully on the road ahead.
Pushed to the Limit to Challenge the Nürburgring
In response to Morizo's directive that "if it bears the GRMN name, it must be able to run the Nürburgring properly," the GR team developed the GRMN Corolla through intensive Nürburgring testing. The Nürburgring – often called the world's most demanding circuit – exposes inputs and surface changes that do not appear on ordinary test tracks and brings a car's weaknesses to light. The team tuned the car so that, from low speeds to full racing speeds and even on rough surfaces, it should respond more in line with the driver's intentions.
GRMN Corolla development included not only Nürburgring testing but also participation in Japan's Super Taikyu endurance racing series and extensive verification using the latest driving simulators. Through this extensive testing came unexpected issues. By pushing the vehicle to its limits, the GR team was able to address each issue one by one and pursue a high level of vehicle-driver harmony so the car and driver can continue to communicate even at the limit.
The insights gained during GRMN Corolla development have also been applied to the evolution of the base GR Corolla. For example, the GR Corolla, announced in September 2025, extended the application of structural adhesive on the body by 45.6 feet to a total of 107.2 feet to strengthen the body structure, and it was equipped with a cool air duct to reduce intake air temperature under high-load driving – both measures born from Nürburgring learnings.
Key Features of the GRMN Corolla
Aerodynamics refined in Super Taikyu and at the Nürburgring
In Super Taikyu Series races and at the Nürburgring, cars run at high speeds and under high lateral G-forces. To maximize performance in such conditions, it's essential to keep all four wheels firmly planted.
The GRMN Corolla features exclusively developed aerodynamic performance parts for enhanced road holding. Its hood duct, fender ducts, front side spoilers and rear wing incorporate know-how gained from racing, tested on the hydrogen engine-powered GR Corolla that competes in the Super Taikyu Series.
Based on all-inclusive Super Taikyu Series trial and error, fine-tuning came at the Nürburgring. This effort included adjusting the rear wing angle, which features a five-step adjustment mechanism, in 1-degree increments during driving tests with professional drivers to verify effectiveness and determine the optimal specification.
Dedicated Suspension Tuned through Nürburgring Development
The GRMN Corolla's suspension employs exclusive front and rear monotube shock absorbers with rebound springs for improved inner-wheel traction during cornering and for enhanced high-speed cornering performance.
The Nürburgring road surface includes environments that induce significant vertical suspension travel beyond that experienced on typical circuits. To ensure high stability for confident driving even in such conditions, extensive Nürburgring test runs facilitated optimization of bump-stop characteristics. The exclusive shock absorbers were developed by adjusting their stroke down to a millimeter at the front and rear for optimal balance.
To improve cornering stability and braking performance, high-grip Michelin Pilot Sport Cup 2 tires were added.
The EPS (electric power steering) control program was also to generate the required amount of assistance torque even during cornering under high g-forces. The exclusively tuned 4WD control system provides optimal rear torque distribution during straight-line driving and enhanced stability at the onset of steering input at extremely high speeds.
Internal Combustion Advancements Informed by the Hydrogen GR Corolla
GR has been gaining valuable lessons for the evolution of the internal combustion engine by competing in the Super Taikyu Series with a hydrogen engine-powered GR Corolla, as extended, high-load endurance racing helps heighten not only the potential of hydrogen technology but also that of fundamental internal combustion engine components.
Based on insights from Super Taikyu, the GRMN Corolla's peak engine torque was increased to 302 pound-feet. The development team optimized the GRMN Corolla's engine characteristics by analyzing the range of engine use during circuit driving, focusing on increasing torque in the 4,000–4,600 rpm mid-speed range, which is crucial for accelerating out of corners.
The GRMN Corolla includes an intercooler spray system to help maintain stable engine output during continuous full-throttle driving, along with the cool-air duct added to the 2026 GR Corolla.
Also, in pursuit of an even higher level of performance and an "untamed energy that captivates customers", the GRMN Corolla has no rear seats as part of an effort to achieve thorough weight reduction. The power-to-weight ratio has been improved by reducing weight by 66 pounds compared to the base vehicle, providing customers with an unparalleled driving experience.
Cockpit Designed for Higher Performance
Beyond driving performance, the cockpit is specially crafted for the GRMN Corolla. To allow drivers to fully exploit the car's potential, seats and the instrument panel were upgraded.
The GRMN Corolla features a semi-bucket sport seats upholstered in black and red Brin Naub suede and synthetic leather, combining premium materials with purposeful lateral support for performance driving. Accented with distinctive GR detailing, the seats reinforce the model's motorsport-inspired character while delivering a focused, driver-oriented cockpit experience.
The cockpit is focused on enabling driver concentration, featuring a dedicated flocked instrument panel and front pillar trim. A carbon ornament manufactured by Toyota Motor Corporation's Motomachi Plant carbon division is installed on the passenger-side instrument panel, and a dash pad bearing Morizo's signature is included. Door trim and the shift knob are accented with Alumite red, and a GRMN-exclusive serial number plate is fitted.
11.7-in. x 0.7-in Ventilated disk 2 piston caliper
Wheels
18-in. matte-bronze 10-spoke forged aluminum with
TOYOTA GAZOO Racing logo
Tires
245/40ZR18 Michelin Pilot Sport Cup 2
About Toyota
Toyota (NYSE:TM) has been a part of the cultural fabric in the U.S. for nearly 70 years, and is committed to advancing sustainable, next-generation mobility through our Toyota and Lexus brands, plus our nearly 1,500 dealerships.
Toyota directly employs approximately 48,000 people in the U.S. who have contributed to the design, engineering, and assembly of more than 36 million cars and trucks at our 11 manufacturing plants. In 2025, Toyota's plant in North Carolina began to assemble automotive batteries for electrified vehicles.
For more information about Toyota, visit www.ToyotaNewsroom.com.
Burlington, Ontario--(Newsfile Corp. - June 2, 2026) - Promino Nutritional Sciences, Inc. (CSE: MUSL) (OTCID: MUSLF) (FSE: 93X) ("Promino" or the "Company"), a leader in muscle health and performance nutrition, is pleased to announce that a rush supply of Promino™ - NSF Certified for Sport® was recently supplied in connection with the Stanley Cup Final.
The development comes as Promino Ambassador Jack Eichel continues to play a leading role in the Vegas Golden Knights' pursuit of a second Stanley Cup championship. Earlier this year, Mr. Eichel captured Olympic Gold as a member of Team USA, adding to an already distinguished hockey career.
Promino™ - NSF Certified for Sport® is the Company's proprietary amino acid formulation designed to support muscle recovery, performance and strength while providing a low-calorie, sugar-free and dairy-free alternative to traditional protein products. NSF Certified for Sport®1 is one of the most recognized certifications in sports nutrition, providing assurance that products have been independently tested to meet rigorous quality and safety standards.
The Company believes increasing interest in Promino™ among athletes, coaches, trainers and sports organizations reflects growing awareness of the importance of muscle health and recovery across all levels of sport.
Promino's presence in athletics continues to expand through relationships with elite athletes and sports organizations, including former six-time MLB All-Star and Promino Ambassador, Jose Bautista. Mr. Bautista is the owner of Las Vegas Lights FC, where Promino™ serves as the Official Protein Drink and is incorporated into the club's performance nutrition program.
The Company also recently announced NIL partnerships with nine NCAA Division I athletes from Virginia Military Institute, one of the leading military colleges in the United States. Together, these initiatives reflect Promino's growing presence across high school, collegiate and professional athletics.
Promino™ - NSF Certified for Sport® is represented across high school, collegiate and professional sports programs.
"Promino was developed to support athletes striving to perform at their highest level, from high school competitors to collegiate and professional athletes," said Vito Sanzone, Chief Executive Officer. "To see Promino being associated with some of the biggest stages in sport is encouraging awareness of our brand among athletes, coaches, trainers and performance-focused consumers. We remain focused on expanding awareness of Promino™ - NSF Certified for Sport® among athletes and active consumers seeking trusted muscle health and recovery solutions."
The Company notes that the Vegas Golden Knights are not a sponsored partner of Promino, and the use of Promino™ products by athletes or sports organizations should not be interpreted as an endorsement by any league, team, or governing body.
Promino also announces that it has entered into an agreement with a third party for event marketing services. Pursuant to this agreement, Promino has agreed to issue 625,000 common shares of the Company on a quarterly basis for an aggregate of 2.5 million common shares.
About Promino Nutritional Sciences Inc.
Promino Nutritional Sciences is a Canadian innovation company focused on science-based, clinically proven nutrition for muscle health and recovery. Its core product, Rejuvenate Muscle Health™, is a clinically researched proprietary amino acid formula designed to rebuild, restore, and rejuvenate muscle tissue.
The Company also produces Promino™ - NSF Certified for Sport®, trusted by elite athletes. Promino's ambassadors include Stanley Cup Champion Jack Eichel (Vegas Golden Knights) and MLB legend José Bautista.
Learn more at www.drinkpromino.com and www.rejuvenatemuscle.com.
Forward-Looking Statements and Financial Outlook
This news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian securities laws. Forward-looking statements are often, but not always, identified by terms such as "will", "may", "should", "anticipates", "expects", "intends", "plans", "believes", "estimates" and similar expressions. Forward-looking statements in this news release include, but are not limited to, statements regarding growing awareness of muscle health and expanding awareness of the ProminoTM brand. Forward-looking statements are based on a number of assumptions made by management that the Company believes to be reasonable in the circumstances. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or developments to differ materially from those expressed or implied by such statements, including, without limitation: risk factors described in the Company's continuous disclosure documents filed on SEDAR+ at www.sedarplus.ca, including the Company's most recent management's discussion and analysis. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. The reader is cautioned not to place undue reliance on forward-looking statements. Forward-looking statements contained in this news release are made as of the date of this news release, and the Company does not undertake any obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities laws.
1 NSF: What Our Mark Means
The Importance of NSF Certification for Sport Supplement Brands: Ensuring Quality and Safety
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/299668
Source: Promino Nutritional Sciences, Inc.
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BOUNTIFUL, UT / ACCESS Newswire / June 2, 2026 / OneMeta Inc. (OTCQB:ONEI), a leader in AI-powered multilingual communication solutions, announced today that it has signed an agreement with a state government emergency services agency in Mexico to provide real-time AI-powered interpretation services in support of emergency response (911) operations during the FIFA 2026 event period. The agreement covers service delivery from April through December in 2026 and marks OneMeta's first deployment within a public safety emergency communications environment in Mexico.
With international visitors expected from around the globe, the FIFA 2026 tournament presents a significant multilingual communication challenge for public safety agencies. The agreement will support real-time multilingual communication during the FIFA 2026 event period and help emergency personnel communicate more effectively with international visitors from around the world.
"Emergency communications is one of the clearest examples of where language technology can make a difference," said Karlo Menchaca, CEO of All Cloud Xperience. "The goal is simple: help callers and dispatchers understand each other as quickly as possible."
Enabling Multilingual Emergency Response Through AI Technology
Under the agreement, OneMeta will deploy VerbumLocal, a real-time interpretation product built on the Verbum platform, to deliver near-real-time multilingual understanding across seven language pairs, including Spanish-English, Spanish-Japanese, Spanish-Korean, and Spanish-Swedish.
The deployment includes regional infrastructure implementation, custom model training specific to emergency response terminology, and integration with the agency's existing Communications systems. Go-live of the emergency communications service is targeted for early June 2026.
"This is an important step for OneMeta as we enter the public safety market," said Saul Leal, CEO of OneMeta Inc. "Emergency dispatchers need to understand callers quickly, regardless of the language being spoken. This deployment demonstrates how real-time multilingual communication can help emergency personnel respond more effectively and supports our mission of creating a more understanding world."
This deployment marks OneMeta's first implementation within a public safety emergency communications environment and expands the Company's work with government organizations. The project also highlights the growing need for multilingual communication tools in emergency response operations.
The Company believes the agreement reflects growing demand for multilingual communication technology within government agencies and may support additional opportunities in Mexico and other international markets.
Why VerbumLocal Matters for Emergency Services
Traditional interpretation methods in emergency environments often rely on third-party interpreters, which can introduce delays during time-sensitive situations.
VerbumLocal is designed to address these challenges by providing:
Immediate interpreter access with no transfers or waiting periods, enabling emergency personnel and callers to communicate in their preferred language from the outset of a conversation.
Multilingual coverage across Asian, European, and Latin American languages, supporting the needs of international visitors during major global events.
Models trained on emergency response terminology to support more accurate communication during emergency calls.
Enterprise-grade security and privacy standards, including compliance with SOC 2, HIPAA, and GDPR requirements, helping government agencies maintain control over sensitive communications.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of applicable securities laws. Forward-looking statements include, but are not limited to, statements regarding expected deployment timelines, anticipated benefits of the agreement, future revenue opportunities, expansion into government and public safety markets, future customer adoption, and the capabilities, performance, and scalability of the Company's technology. These statements are based on current expectations, estimates, and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Factors that may affect actual results include implementation delays, customer requirements, market conditions, competitive factors, regulatory developments, changes in customer demand, and other risks described in the Company's filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements. OneMeta undertakes no obligation to update forward-looking statements except as required by law.
About OneMeta Inc.
OneMeta Inc. is an AI-powered multilingual communication company focused on helping people and organizations communicate across language barriers. Its proprietary technology enables the spoken and written word to be translated, transcribed, and interpreted in near real time across more than 140 languages and dialects. The Verbum platform powers a suite of multilingual communication products that support web-based, mobile, contact center, and enterprise communications. The platform is designed to meet high standards for security, privacy, and compliance, including SOC 2, HIPAA, and GDPR requirements.
OneMeta Inc.: We create a more understanding world.™
New research projects focus on behavioral safety, crash prevention and passive safety , /PRNewswire/ -- Before joining Toyota's Collaborative Safety Research Center (CSRC), Zhaonan Sun spent years studying how the human body absorbs the force of a crash.
Now, as a principal scientist at CSRC, he helps identify opportunities to do something about it.
Toyota’s Collaborative Safety Research Center Touts Partnerships, Eyes Future with Announcement of 10 New Projects - New research projects focus on behavioral safety, crash prevention and passive safety. Sun was a graduate student at the University of Virginia (UVA), studying injury biomechanics and human body modeling under Jason Kerrigan, director of UVA's Center for Applied Biomechanics since 2019 and long-time collaborator with CSRC. As fate would have it, the researcher Sun once trained under is now his colleague.
"He spent the time to understand the background. He went and really tried to make the project successful — and he made it sing," Kerrigan said of Sun's graduate research. "I was sad to see him go, but I'm really glad he found his way back, this time on the Toyota side."
For Sun, moving from the lab to Toyota revealed something he hadn't been able to see before.
"I wouldn't say the work at the university is the tip of the iceberg. I would say it's half of the iceberg," he said. "And now it's great to see the other half — how we leverage the results to talk to our regulators, rating agencies, and safety stakeholders to reduce the number of fatalities on the road."
Sun's path from UVA to Toyota is, in many ways, the story of CSRC itself. When Toyota launched CSRC in 2011, the company posited that investing in safety research in clinical, laboratory, and university settings could pay greater dividends than keeping the work in-house. Now, more than 100 completed studies later, their work is only accelerating.
Today, CSRC announced 10 new safety research projects, in collaboration with seven universities and private sector organizations including UVA, the Massachusetts Institute of Technology, the University of Michigan and Purdue University. These projects range from how adaptive interfaces can increase driver adoption of advanced safety systems, to new methods for detecting pedestrians and cyclists, to how speeding risk varies by road type and the gap between a driver's speed and posted limits.
"CSRC was built on the idea that the best safety research happens when you invest in relationships over time, with the best institutions, the best researchers, and a shared commitment to publishing what you find," said Jeff Makarewicz, TMNA Group Vice President, R&D. "Each of these 10 new projects reflects that approach, building up research capabilities and institutional knowledge."
CSRC Senior Manager Jason Hallman sees these 10 new projects as a continuation of what he calls a "1+1 = 3 relationship." In short, Toyota's engineering knowledge, related government and safety research activity, and academic expertise combine into something no one could produce alone.
"The work we undertake now will build and shape the safety features drivers can benefit from for decades to come." Hallman said. "Every project we select is a strategic investment in that future: in even safer vehicles, enhanced engineering tools, and results we hope the industry and policymakers can build on."
At the heart of much of this work is THUMS, the Total Human Model for Safety, a Toyota-developed virtual human body model that allows researchers to simulate crashes in a digital environment with unprecedented levels of detail.
Although they have their own limitations, computational models can run far more simulations and can predict nearly 100 injury types simultaneously. Sun, who works across multiple university collaborations at CSRC, sits at the center of that process — coordinating between university researchers, Toyota engineers, and safety stakeholders to put the findings to work.
That sense of purpose extends to the researchers CSRC has helped train over 15 years, many of whom have gone on to positions in government, academia, and across the automotive industry, and in a few cases, like Sun, to Toyota itself.
"It's very exciting to have my fingerprint on the future of vehicle safety," he said. "Using human body models and doing virtual testing is a professional passion of mine. I'm excited to see where the future leads with these new projects and how we can help to better protect everyone on the road."
Details on each of the 10 new projects are below.
Collaborator: Massachusetts Institute of Technology
Project Name: Adaptive Interfaces for increasing ADAS adoption
Key Question: How do a driver's expected benefits and concerns affect when they choose to use advanced driver assistance (ADAS) across various situations?
Approach: Drivers will view various story-framed driving videos and report their perceived effort, value, risk and likelihood to use specific ADAS features.
Collaborator: Purdue University/Ohio State University
Project Name: Naturalistic vulnerable road user (VRU) detection with Micro-Doppler Radar
Key Question: How can current radar sensors signals and novel AI models enhance VRU detection for future rating assessments?
Approach: Researchers will collect real-world radar data from current automotive sensors and use it to develop novel AI algorithms that can more quickly detect and distinguish between pedestrians, cyclists, and other road users.
Collaborator: Touchstone Evaluations, Inc.
Project Name: Speeding-related crash outcomes based on road type and context
Key Question: What are the injury and fatality risks of speeding based on posted speed limit and speed differential?
Approach: Researchers will analyze crash data to measure how injury and fatality risk changes based on road type, posted speed limit, and how far a driver is traveling above it.
Collaborator: Touchstone Evaluations, Inc.
Project Name: Speed compliance effects on surrounding vehicles
Key Question: How does a driver's speed affect the surrounding traffic behavior?
Approach: Researchers will analyze real-world driving data to quantify how a driver's speed — compared to surrounding traffic — affects the behavior of nearby vehicles.
Collaborator: University of Michigan Transportation Research Institute (UMTRI)
Project Name: Parametric studies with varying size/shape human body models (HBM)
Key Question: How to treat different HBMs to align virtual testing results across OEMs and regions?
Approach: Researchers will run virtual crash tests using three widely available HBMs across standard and modified geometries to identify ways to align results across automakers and regions.
Collaborator: University of Michigan-Dearborn/UMTRI
Project Name: Vehicle to network (V2N) safety benefits for anticipatory assistance
Key Question: How can V2N communication be best leveraged to increase driver safety?
Approach: Researchers will leverage international efforts and U.S.-specific crash and driving records to identify where vehicle-to-network communication can best give drivers earlier warning of potential hazards ahead.
Collaborator: University of Virginia
Project Name: Virtual testing sensitivity to human body model (HBM) updates
Key Question: What are the effects of small changes in HBMs on injury metrics and virtual testing results?
Approach: Researchers will build an automated simulation framework to test how small version updates to virtual human body models affect injury predictions in crash scenarios.
Collaborator: University of Virginia
Project Name: Foot posture and implication for ankle injury risk prediction
Key Question: What are the predicted effects of a range of footwell geometries and foot posture on ankle injury risk?
Approach: Researchers will collect vehicle interior measurements and run computer simulations to understand how different foot positions and footwell designs affect ankle injury risk in a crash.
Collaborator: University of Virginia
Project Name: Lumbar spine injury prediction with crash test dummies
Key Question: How to enable lumbar spine injury risk prediction in upright and reclined seating positions from values provided by different dummies?
Approach: Researchers will run crash simulations to develop a method for translating lower-back injury readings from crash test dummies into injury risk predictions for real occupants.
Collaborator: University of Wisconsin-Madison
Project Name: Alert annoyance and interaction mitigation strategies
Key Question: Do the characteristics of the alert source influence the driver's level of annoyance?
Approach: Volunteers will complete scenario-based surveys and interviews to measure how different types of alerts — and where they come from — affect driver annoyance and use of safety and convenience features.
About Toyota
Toyota (NYSE:TM) has been a part of the cultural fabric in North America for nearly 70 years, and is committed to advancing sustainable, next-generation mobility through our Toyota and Lexus brands, plus our more than 1,800 dealerships.
Toyota directly employs nearly 64,000 people in North America who have contributed to the design, engineering, and assembly of over 50 million cars and trucks at our 14 manufacturing plants. In 2025, Toyota's plant in North Carolina began to assemble automotive batteries for electrified vehicles.
For more information about Toyota, visit www.ToyotaNewsroom.com.
About TMNA R&D
For more than 50 years, Toyota's Research & Development groups in North America have participated in engineering projects for several of the best-selling Toyota vehicles on U.S. roads. Teams are now creating both next-generation vehicles and new and advanced mobility concepts that can better move people, goods and information. Centered in Ann Arbor, Michigan, Toyota's North American R&D groups are pursuing Toyota's mission to "Produce Happiness for All" by making life safer, easier and more enjoyable.
-- Accelerating the Intelligence and Autonomy of Social Infrastructure for Resilient, Secure, and Safe Society --
- Significantly advancing the intelligence and autonomy of machinery and systems in social infrastructure and national security sectors
- Aiming to conclude a capital and business alliance agreement within fiscal 2026
TOKYO, June 3, 2026 - (JCN Newswire) - Mitsubishi Heavy Industries, Ltd. (MHI) and Preferred Networks, Inc. (PFN) have entered into a business alliance agreement to jointly develop cutting-edge AI technologies to enhance the intelligence and autonomy of mission-critical machinery and systems, primarily in the social infrastructure and national security sectors in Japan.
In today's social infrastructure and national security fields, which underpin safe and secure living, there is an increasing demand for rapid responses to complex and constantly evolving challenges. To maintain and improve the safety and resilience of machinery and systems operated by customers in these mission-critical domains, it is essential to implement advanced AI technologies that enable autonomous, sophisticated situational assessment and response capabilities.
MHI has long been a leader in Japan's social infrastructure as well as the aerospace, defense, and space sectors. The company possesses advanced hardware design and system integration expertise, along with extensive product knowledge cultivated through its global business foundation. MHI has also accumulated comprehensive capabilities in machinery and system design, development, control, and simulation technologies. Under its management policy, "Innovative Total Optimization (ITO)," MHI is committed to "Group-Wide Optimization" and "Reach Expansion," delivering unprecedented value to a vastly larger customer base through corporate collaboration and IT utilization.
PFN has delivered vertically integrated expertise across the AI value chain, spanning advanced AI models, supercomputing infrastructure, proprietary AI chips, as well as products and solutions. Since its founding in 2014, PFN has built a proven track record of real-world deployments for its clients and partners across a diverse range of industries.
MHI and PFN formed this alliance to establish a long-term collaborative framework that unites their respective strengths. Both companies recognize that this synergy is essential to rapidly deploy complex innovations in mission-critical intelligence and autonomy, ultimately maintaining and advancing a safe, secure society.
Through this alliance, the two companies will explore the joint development of autonomous AI-powered machinery and systems for mission-critical applications that demand high reliability and rapid responsiveness. This initiative will combine MHI's advanced hardware, control, and simulation technologies with PFN's homegrown AI foundation models, AI chips, and computing infrastructure. By embedding these AI technologies into MHI's product and systems portfolio, the alliance aims to drive intelligent and autonomous operations, advanced predictive maintenance, and rapid crisis management. Through this collaboration, the companies seek to provide a resilient, secure, and safe social infrastructure that protects society and clients' businesses from unforeseen risks.
Based on the progress of this business alliance, the companies aim to conclude a capital and business alliance agreement within fiscal 2026. By establishing a stronger cooperative foundation, including capital ties, the two companies intend to accelerate mid- to long-term R&D investments and commercialization efforts.
Going forward, both companies will continue to maximize their respective strengths and contribute to building sustainable, secure, and safe social infrastructure through innovation driven by AI technologies.
About Mitsubishi Heavy Industries Group
Mitsubishi Heavy Industries (MHI) Group is one of the world's leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com.
About Preferred Networks
Guided by its mission to "Make the real world computable and create the future together," Preferred Networks, Inc. (PFN) develops advanced software and hardware technologies through a vertically integrated approach spanning the entire AI value chain-from AI chips and computing infrastructure to generative AI foundation models and solutions across a wide range of industries. Founded in 2014 in Tokyo, PFN currently develops and delivers the MN-Core(TM) series of AI processors, the PFCP(TM) cloud platform for AI computing, and the Japan-developed generative AI foundation model PLaMo(TM).https://www.preferred.jp/en/
About MHI Group
Mitsubishi Heavy Industries (MHI) Group is one of the world's leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com.
Source: Mitsubishi Heavy Industries, Ltd.
Copyright 2026 JCN Newswire . All rights reserved.
Publication in a leading peer-reviewed ophthalmology journal further validates TeaRx™ as a novel point-of-care platform for diagnosis, patient stratification, and prediction of responsiveness to therapy in Dry Eye Disease
https://pubmed.ncbi.nlm.nih.gov/42206882/
Vancouver, British Columbia--(Newsfile Corp. - June 5, 2026) - DiagnosTear Technologies Inc. (CSE: DTR) ("DiagnosTear" or the "Company"), a leader in developing innovative point-of-care diagnostic solutions for ocular diseases, is pleased to announce that its clinical manuscript entitled "Clinical Evaluation of TeaRx™: A Point-of-Care Multi-Parameter Tear Film Test for Diagnosis, Stratification, and Prediction of Responsiveness to Cyclosporine A Therapy in Dry Eye Disease" has been published (as an open access manuscript) in the peer-reviewed journal Current Eye Research, a well-established international ophthalmology journal with an impact factor of approximately 2.1. The manuscript can be accessed and viewed at https://www.tandfonline.com/doi/10.1080/02713683.2026.2678293
The study was conducted in collaboration with Prof. Sayan Basu and the Brien Holden Eye Research Centre at LV Prasad Eye Institute (LVPEI), Hyderabad, India, one of the world's leading ophthalmic research institutions.
The publication presents the clinical evaluation of DiagnosTear's TeaRx™ Dry Eye platform, a non-invasive, multi-parametric tear film test designed to bring objective, data-driven decision-making to the diagnosis and management of Dry Eye Disease (DED), a rapidly growing global market affecting hundreds of millions of patients worldwide.
The manuscript includes data from approximately 500 DED patients and 100 healthy controls, representing one of the largest cohorts evaluated to date for tear-based Dry Eye diagnostics.
Key findings reported in the publication include:
TeaRx™ successfully differentiated severe Dry Eye Disease patients from non-severe patients and healthy controls with strong diagnostic performance.The platform demonstrated the ability to stratify patients according to disease severity, potentially enabling more personalized monitoring and treatment strategies.TeaRx™ identified patients with severe Meibomian Gland Dysfunction (MGD), one of the leading causes of evaporative Dry Eye Disease.TeaRx™ demonstrated potential utility in predicting responsiveness to topical Cyclosporine A therapy, including a high negative predictive value, supporting improved patient selection and potentially reducing empirical treatment approaches.The Company is currently offering TeaRx™ dry eye test kits to clinical and academic collaborators and has already established research relationships with institutions and clinical research partners in multiple countries, including the United Kingdom, Australia, Israel, and India. The company is also considering offering the test components for clinical laboratories to be validated and used as a Laboratory Developed Test (LDT).
Dr. Shimon Gross, CEO of DiagnosTear Technologies, commented:
"We believe the publication of this manuscript in Current Eye Research represents an important validation milestone for TeaRx™ and DiagnosTear's broader vision of transforming ophthalmology through tear-based precision diagnostics. Dry Eye Disease remains largely managed through subjective assessments and empirical treatment selection. TeaRx™ has the potential to provide clinicians with objective biological insights that may improve diagnosis, patient stratification, and therapeutic decision-making."
Prof. Sayan Basu added:
"These findings highlight the growing clinical relevance of tear biomarker analysis in ocular surface disease. TeaRx™ demonstrated encouraging performance in diagnosing and stratifying Dry Eye Disease, while also showing potential utility in predicting therapeutic responsiveness, an increasingly important component of personalized ophthalmic care."
About DiagnosTear Technologies
DiagnosTear Technologies is a global leader in the development and commercialization of rapid, point-of-care, multi-parametric diagnostic tests for ocular diseases. By leveraging the analysis of tear fluid composition, the Company is developing innovative diagnostic solutions designed to support earlier detection, objective disease assessment, personalized treatment selection, and improved patient outcomes in ophthalmology.
THE CANADIAN SECURITIES EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS RELEASE, NOR HAS OR DOES THE CSE'S REGULATION SERVICES PROVIDER.
Forward-Looking Statements
This news release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian securities laws (collectively, "forward-looking information"). All statements other than statements of historical fact are forward-looking information. Forward-looking information is often, but not always, identified by words such as "believe," "potential," "may," "could," "would," "will," "expect," "anticipate," "intend," "considering," "vision," "designed to," "supporting," and similar expressions, or statements that certain actions, events or results "may," "could," or "have the potential to" occur or be achieved.
Forward-looking information in this news release includes, but is not limited to, statements regarding: the validation, clinical performance, capabilities and potential clinical utility of the TeaRx™ platform, including its ability to diagnose, stratify and predict responsiveness to Cyclosporine A therapy in Dry Eye Disease; the significance and interpretation of the published study findings; the potential of TeaRx™ to enable personalized monitoring, treatment selection and improved patient outcomes; the potential to reduce empirical treatment approaches; the size, growth and characteristics of the Dry Eye Disease market; the Company's plans to offer test kits to clinical and academic collaborators; the Company's consideration of offering test components for validation and use as a Laboratory Developed Test (LDT); the development and expansion of research relationships and collaborations; and the Company's broader strategy and vision for tear-based precision diagnostics in ophthalmology.
Forward-looking information is based on assumptions management considers reasonable as of the date of this news release, including, among others, assumptions regarding: the accuracy and reproducibility of the study results across larger and more diverse populations; the receipt of any required regulatory clearances, approvals or authorizations; the Company's ability to develop, validate, manufacture, commercialize and obtain adoption of TeaRx™; the availability of financing on acceptable terms; the continued cooperation of research and clinical partners; and general economic, market and competitive conditions.
Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied, including, among others: that results from a single peer-reviewed study or limited patient cohorts may not be predictive of, or replicated in, future studies or real-world clinical use; that TeaRx™ may not perform as expected or may fail to obtain necessary regulatory clearances or approvals in any jurisdiction; that the Company may be unable to commercialize TeaRx™ or achieve market acceptance; the early-stage nature of the Company's products and business; the need for additional capital and the risks associated with raising it; competition and technological change; reliance on third-party collaborators and key personnel; intellectual property risks; and the other risk factors disclosed in the Company's continuous disclosure documents available under its profile on SEDAR+ at www.sedarplus.ca.
Readers are cautioned not to place undue reliance on forward-looking information, which speaks only as of the date of this news release. Except as required by applicable law, the Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise. The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release and does not accept responsibility for the adequacy or accuracy of this news release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/300267
Source: DiagnosTear Technologies Inc.
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Toronto, Ontario--(Newsfile Corp. - June 5, 2026) - NINE MILE METALS LTD. (CSE: NINE) (OTCID: VMSXF) (FSE: KQ9) (the "Company" or "Nine Mile"), is pleased to announce that its common shares have commenced trading on the OTCID™ Basic Market, a regulated U.S. platform operated by OTC Markets Group Inc., effective May 27th, 2026, under the symbol "VMSXF." The Company's common shares continue to trade on the Canadian Securities Exchange under the symbol "NINE" and on the Frankfurt Stock Exchange under the symbol "KQ9."
The OTCID Market, launched by OTC Markets Group in 2025, is a regulated platform that certifies a company's ongoing compliance with established reporting standards. Companies on the OTCID Market provide consistent, ongoing financial disclosure, complete an annual management certification, and maintain a verified company profile, ensuring that U.S. investors, brokers, and regulators have access to standardized and accurate trading and reference data. The listing reinforces Nine Mile's commitment to transparency and sound corporate governance while broadening the Company's access to U.S. investors as it advances its exploration programs in the Bathurst Mining Camp.
Benefits for U.S. Investors and Shareholders
The Company believes that trading on the OTCID Market provides a number of advantages for Nine Mile and its shareholders, including:
Expanded access for U.S. investors to research and trade Nine Mile shares within a transparent, regulated U.S. market environment;Enhanced transparency through consistent, ongoing financial disclosure and an annual management certification, giving investors timely, accurate information;Real-Time Level 2 quotes and current financial disclosure available to U.S. investors and brokers through the OTC Markets Group website at www.otcmarkets.com;Increased visibility and credibility among U.S. retail and institutional investors through a verified company profile and recognized market data;A broadened and more diversified shareholder base, supporting improved liquidity and a stronger trading experience for shareholders; andA strengthened foundation for the Company's capital markets strategy, positioning Nine Mile for continued growth in U.S. public markets.Jonathan Holmes, President & Director, stated, "We are pleased to advance our capital markets strategy with the commencement of trading on the OTCID Market. This milestone reflects our ongoing commitment to transparency and strong corporate governance. This allows U.S. investors to research and trade Nine Mile shares at a time when we are actively advancing our 10,000m Wedge Drill Program and our portfolio of high-grade copper and Critical Minerals projects in the Bathurst Mining Camp. We believe broader access and enhanced visibility in the U.S. market will support a larger, more diversified shareholder base and greater liquidity for the benefit of all shareholders. We look forward to welcoming new investors as we continue to grow."
The Company has engaged Connect 4 Marketing Ltd. ("Connect4") to provide digital marketing services, including search engine marketing, influencer management and third-party newsletters. The term of the agreement with Connect4 is for a 12 month period beginning June 4, 2026, for a total budget of $75,000 USD plus applicable taxes.
Connect4 is a Quebec, Canada based company and the principal of Connect4 is Louis Carlos Vargas Rocheleau. To the best of the Company's knowledge, Connect4 does not have any equity interest in the securities of the Company, or a right to acquire such an interest. Connect4 and its principal have an arm's length relationship to the Company.
About Nine Mile Metals Ltd.:
Nine Mile Metals Ltd. is a Canadian public critical mineral exploration company focused on Critical Minerals (Cu, Pb, Zn, Ag and Au) exploration in the world-famous Bathurst Mining Camp, New Brunswick, Canada. The Company's primary business objective is to explore its four VMS Projects: Wedge VMS Project, Nine Mile Brook VMS Project, California Lake VMS Project, and the Canoe Landing Lake (East – West) VMS Project. The Company is focused on Critical Minerals Exploration (CME), positioning for the boom in EV and green technologies requiring Copper, Silver, Lead and Zinc with a hedge with Gold.
About OTC Markets Group Inc.:
OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Its data-driven disclosure standards form the foundation of its public markets: OTCQX® Best Market, OTCQB® Venture Market, OTCID® Basic Market and Pink Limited™ Market. Its OTC Link® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. OTC Markets Group's model offers companies more efficient access to the U.S. financial markets. OTC Link ATS, OTC Link ECN, OTC Link NQB, OTC Overnight® and MOON ATS® are each an SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC. To learn more, visit www.otcmarkets.com.
Social Media
X: @NineMileMetals
LinkedIn: Nine Mile Metals
Facebook: @Nine Mile Metals
ON BEHALF OF NINE MILE METALS LTD.
Jonathan Holmes,
President & Director
T: +1.506-804-6117
E: [email protected]
This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Nine Mile. Forward-looking information is based on certain key expectations and assumptions made by the management of Nine Mile. In some cases, you can identify forward-looking statements by the use of words such as "will," "may," "would," "expect," "intend," "plan," "seek," "anticipate," "believe," "estimate," "predict," "potential," "continue," "likely," "could" and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Forward-looking statements in this press release include that the Company's common shares will commence trading on the OTCID Basic Market under the symbol "VMSXF" effective May 27th, 2026, and that the listing will provide the anticipated benefits to the Company and its shareholders, including expanded access for U.S. investors, enhanced transparency and visibility, a broadened shareholder base, and improved liquidity. Although Nine Mile believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Nine Mile can give no assurance that they will prove to be correct.
The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/300395
Source: Nine Mile Metals Ltd.
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Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Let's take a look at what these Wall Street heavyweights have to say about Toyota Motor Corporation (TM - Free Report) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.
Toyota Motor currently has an average brokerage recommendation (ABR) of 1.38, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 13 brokerage firms. An ABR of 1.38 approximates between Strong Buy and Buy.
Of the 13 recommendations that derive the current ABR, 10 are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 76.9% and 7.7% of all recommendations.
Brokerage Recommendation Trends for TM
Check price target & stock forecast for Toyota Motor here>>>
While the ABR calls for buying Toyota Motor, it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage recommendations in guiding investors to pick stocks with the best price increase potential.
Are you wondering why? The vested interest of brokerage firms in a stock they cover often results in a strong positive bias of their analysts in rating it. Our research shows that for every "Strong Sell" recommendation, brokerage firms assign five "Strong Buy" recommendations.
In other words, their interests aren't always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock's price movement.
With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near-term price performance. So, validating the Zacks Rank with ABR could go a long way in making a profitable investment decision.
Zacks Rank Should Not Be Confused With ABRAlthough both Zacks Rank and ABR are displayed in a range of 1--5, they are different measures altogether.
Broker recommendations are the sole basis for calculating the ABR, which is typically displayed in decimals (such as 1.28). The Zacks Rank, on the other hand, is a quantitative model designed to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers' vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them.
On the other hand, earnings estimate revisions are at the core of the Zacks Rank. And empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. In other words, this tool always maintains a balance among its five ranks.
Another key difference between the ABR and Zacks Rank is freshness. The ABR is not necessarily up-to-date when you look at it. But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements.
Should You Invest in TM?In terms of earnings estimate revisions for Toyota Motor, the Zacks Consensus Estimate for the current year has declined 4.1% over the past month to $21.51.
Analysts' growing pessimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates lower, could be a legitimate reason for the stock to plunge in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #4 (Sell) for Toyota Motor. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Therefore, it could be wise to take the Buy-equivalent ABR for Toyota Motor with a grain of salt.
MobiCard™ 1.8 Introduces Enhanced User Experience, News Feed Functionality, Enterprise Advertising, Paid Individual Accounts, Audio Messaging, and Expanded Analytics
CAMBRIDGE, MA / ACCESS Newswire / June 8, 2026 / Peer To Peer Network, Inc. (OTC:PTOP), developer of the patented MobiCard™ digital business card platform, today announced that its newest version, MobiCard™ 1.8, has been submitted to the Apple App Store and will be submitted to Google Play Store for review.
The submission of MobiCard™ 1.8 represents a major milestone for Peer To Peer Network as the Company moves closer to launching a more advanced, revenue-focused version of its flagship digital networking platform.
"We are waiting to hear feedback from Apple before we submit to Android, only because Android usually approves apps immediately and we want them both to come out in the app stores at the same time, creating a coordinated rollout for users and enterprise customers," explained Chairman & CEO Joshua Sodaitis.
MobiCard™ 1.8 includes a significantly upgraded look and feel, a more user-friendly interface, and a streamlined experience designed to make creating, sharing, and managing a digital business card easier than ever before. The updated app is designed to serve both individual professionals and enterprise-level organizations seeking modern digital networking, advertising, lead capture, and customer engagement tools.
One of the major new features of MobiCard™ 1.8 is a "News Feed"-style feature that allows users and Enterprise Accounts to publish updates, promotions, announcements, and other content within the MobiCard ecosystem. The Company believes this feature creates a powerful communication and advertising opportunity for businesses that want to engage users directly through the platform.
MobiCard™ 1.8 is also expected to introduce advertising capabilities for Enterprise Accounts. Enterprise users will be able to promote their company, services, products, events, offers, and digital business cards through the app's Feed feature. Management believes this enterprise advertising functionality creates a new potential revenue stream while increasing the value proposition for businesses and organizations adopting the platform.
In addition to enterprise features, MobiCard™ 1.8 is designed to support paid individual accounts, giving professionals access to enhanced digital networking tools, upgraded profile features, and additional functionality designed to help users better manage their digital identity and business relationships.
The new release also includes an audio message feature, allowing users to add an audio introduction of up to two minutes directly to their digital business card. This feature allows professionals to personalize their card, explain who they are, introduce their company, present a sales message, or provide a short pitch in their own voice.
MobiCard™ 1.8 further enhances the Company's data analytics capabilities, an area where Peer To Peer Network holds two granted U.S. utility patents and 19 material claims. The enhanced analytics section provides users with deeper insights into engagement activity, including who viewed their card, what actions were taken, and how users interact with key features.
One of the most important analytics upgrades relates to the audio message feature. Users will be able to see who listened to their audio message and how long they listened. Management believes this creates a valuable lead qualification tool. For example, a prospect who listens to an entire two-minute audio message may represent a significantly stronger lead than someone who exits after only a few seconds.
"Someone who listens to your full audio message is telling you something very different than someone who only listens for five seconds," said Joshua Sodaitis, Chairman and CEO of Peer To Peer Network. "That type of engagement data is valuable. It helps users understand who may truly be interested, who may deserve follow-up, and where their strongest opportunities may be."
The Company believes MobiCard™ 1.8 represents an important step toward revenue generation and commercial scalability. With paid individual accounts, Enterprise Account advertising, enhanced analytics, and improved user engagement tools, management believes this release creates a stronger foundation for customer acquisition, enterprise adoption, and recurring revenue opportunities.
"PTOP is extremely excited for this release because we believe this new version of MobiCard™ can help drive revenue for the Company and place us on a stronger path toward profitability," stated Mr. Sodaitis. "For years, we have been building, refining, testing, and protecting this technology. MobiCard™ 1.8 is designed to move us beyond development and into a more aggressive commercialization phase. We believe the combination of paid users, enterprise accounts, advertising, analytics, and lead capture tools gives us the opportunity to begin monetizing the platform in a meaningful way."
Mr. Sodaitis continued, "The digital business card is no longer just about replacing paper. It is about creating a dynamic digital footprint that allows users to share who they are, track engagement, qualify leads, advertise, communicate, and grow their business from one mobile platform. That is the future we have been building toward."
Peer To Peer Network expects to provide additional updates following app store approval and public release of MobiCard™ 1.8.
Forward-Looking Statements
This press release may contain forward-looking statements, including statements regarding anticipated app store approval, future revenue generation, profitability, enterprise adoption, product features, advertising capabilities, analytics functionality, and commercialization strategy. Forward-looking statements are based on current expectations and involve risks and uncertainties that could cause actual results to differ materially. Peer To Peer Network undertakes no obligation to update forward-looking statements except as required by law.
Peer To Peer Network, Inc. is the original inventor of the digital business card. With multiple fully granted U.S. utility patents protecting its electronic interactive business card system, PTOP is positioned as the category creator of the digital business cards industry. Its flagship product, MOBICARD™, is currently available on both the Google Play and Apple App Store.
PTOP's mission is to deliver scalable, efficient, and modernized solutions that empower organizations to operate at the speed of digital engagement.
Sign up for free for the MOBICARD™ digital business card app here:
Android: Mobicard™ - Apps on Google Play
iPhone: Mobicard™ App - App Store
Joshua Sodaitis
Chairman & CEO
Peer To Peer Network, Inc.
617-481-1971 [email protected]
www.ptopnetwork.com
PTOP Intelligence Labs, the Company's newly launched AI division is focused on building a suite of artificial intelligence products designed to enhance compliance, automate corporate communications, and strengthen the connection between companies and their customers or investors.
PTOP's mission is to deliver scalable, efficient, and modernized solutions that empower organizations to operate at the speed of digital engagement.
Forward-Looking Statements: This press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from those projected.
Safe Harbor Statement: This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Company invokes the protections of the Private Securities Litigation Reform Act of 1995. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategies, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, as well as statements that include words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements. All forward-looking statements involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. Factors that may cause actual results to differ materially from those in the forward-looking statements include those set forth in our filings at www.sec.gov.
The agreements include BostonApartments.com, ApartmentsUSA.com, Roomateads.com, Apartmentads.com, Parkingspaces.com, Santana Construction Services, and Hopscotch Air. Together, these organizations span multiple industries and represent the first wave of enterprise customers that will deploy MobiCard™ 1.8 across their teams following app store approval.
CAMBRIDGE, MA / ACCESS Newswire / June 9, 2026 / Peer To Peer Network, Inc. (OTC:PTOP) today announced that multiple organizations have executed Enterprise Account agreements for its flagship MobiCard™ 1.8 platform, marking what management believes is a pivotal transition from years of development into large-scale commercialization..
Multiple organizations have signed agreements that will adopt MobiCard's new Enterprise Platform once the new app is approved by their respective app stores. The organizations include BostonApartments.com®, Hopscotch Air. Inc., ApartmentsUSA.com, Santana Construction Services, Roomateads.com, Parkingspaces.com, and Apartmentads.com. Together, these organizations span multiple industries and represent the first wave of enterprise customers expected to deploy MobiCard™ across their teams following app store approval of MOBICARD™ 1.8. These initial enterprise customers represent three distinct sectors-real estate, construction, and aviation-and provide MobiCard™ with opportunities to demonstrate its enterprise capabilities across multiple industries.
For investors, today's announcement represents more than customer acquisition-it represents validation.
For years, PTOP has focused on developing, refining, testing, and protecting its patented digital business card technology. Now, before the official rollout of MobiCard™ 1.8, enterprise organizations have already committed to adopting the platform.
"We are no longer talking about what MobiCard™ can become," stated Joshua Sodaitis, Chairman and CEO of Peer To Peer Network. "We are talking about organizations that have already committed to implementing it. That is a completely different phase of the business."
Originally planned for MobiCard™ 2.0, portions of the Company's enterprise functionality have been accelerated into the upcoming MobiCard™ 1.8 release.
PTOP believes enterprise adoption is a critical component of its long-term growth strategy, as organizations can deploy the platform across multiple employees and user groups.
"Today's announcement is about a turning point for PTOP," elaborated Mr. Sodaitis, to begin monetizing our apps. It represents a switch from development to commercialization, and we are setting it off with a BIG bang!"
BostonApartments.com® is one of -if not the first, real estate listing platforms on the web running more than 31 years. BostonAprtments.com will be integrating into their platform for all of their agents the MOBICARD system. Bostonapartments.com® has adopted the MobiCard™ Enterprise Platform to support professional networking and lead management initiatives. The real estate industry remains one of the most relationship-driven sectors in the economy, making digital networking and lead capture increasingly important.
This agreement brings www.apartmentsusa.com, www.bostonapartments.com, www.roomateads.com, www.apartmentads.com, and www.parkingspaces.com all of which are owned and integrated together to run off of one platform by Eric Boyer.
Another Press release will further explain the intricacies of the significance of this deal.
"This is a monster account for MOBICARD™, and should be extremely beneficial for growth," stated Chairman & CEO of PTOP Joshua Sodaitis. "This is a transformational account for MobiCard™," said Mr. Sodaitis. "The significance goes far beyond a single customer. It demonstrates that established organizations see value in what we have built and are willing to deploy it within their businesses."
PTOP also announced that Santana Construction LLC has joined the MobiCard™ Enterprise Program. Through the initiative, eligible staff members will have access to the platform's digital networking and contact management capabilities. Peer To Peer Network believes New Home Construction Services will be a beneficial industry to corner.
Hopscotch Air Inc., an FAA certificated private aviation company focused on regional air mobility solutions, has also adopted the Enterprise Platform. The Company believes professional networking, customer engagement, and business development tools can play an important role in supporting their growth-oriented organization.
Peer To Peer Network views these enterprise deployments as an important step toward expanding the MobiCard™ ecosystem. Enterprise customers have the potential to introduce the platform to larger user communities, generate product feedback, validate use cases, and increase overall platform engagement.
Organizations interested in upgrading to an Enterprise Account can do so directly within the MobiCard™ 1.8 platform (once it has been approved and deployed by Apple & Google Play stores -- should be any day now). Users simply tap the menu icon in the upper-right corner of the application and select "Edit Card," where they can upgrade their account to an Enterprise Account at the top level for $750 per month.
The Enterprise features included in MobiCard™ 1.8 represent only the first phase of the Company's broader enterprise strategy. Among the 1.8 capabilities is the ability for Enterprise users to promote their company, products, services, events, and digital business cards through MobiCard's™ new "Feed" feature.
At the top Enterprise level, currently priced at $750 per month, organizations gain access to enhanced visibility and promotional opportunities throughout the platform. Management believes the Feed feature provides a powerful mechanism for businesses to increase engagement, build brand awareness, and communicate directly with the growing MobiCard™ user community. Additional enterprise functionality, administrative tools, analytics, and advertising capabilities are expected to be introduced in future releases.
PTOP plans to continue pursuing additional enterprise accounts while expanding MobiCard's™ user base and feature set. Management believes that combining consumer adoption with enterprise deployments creates a scalable framework for future growth.
"I think it will be hard t quantify the true valuation of the company until we see these companies roll out the MOBICARD™1.8. We believe that the stock price does not reflect the true valuation of the company down here under $0.15 a share. But only time will tell," concluded Mr. Sodaitis.
Peer To Peer Network, Inc. is the original inventor of the digital business card. With multiple fully granted U.S. utility patents protecting its electronic interactive business card system, PTOP is positioned as the category creator the of digital business cards industry. Its flagship product, MOBICARD™, is currently available on both the Google Play and Apple App Store.
PTOP's mission is to deliver scalable, efficient, and modernized solutions that empower organizations to operate at the speed of digital engagement.
Sign up for free for the MOBICARD™ digital business card app here:
Android: Mobicard™ - Apps on Google Play
iPhone: Mobicard™ App - App Store
Joshua Sodaitis
Chairman & CEO
Peer To Peer Network, Inc.
617-481-1971 [email protected]
www.ptopnetwork.com
PTOP Intelligence Labs, the Company's newly launched AI division is focused on building a suite of artificial intelligence products designed to enhance compliance, automate corporate communications, and strengthen the connection between companies and their customers or investors.
PTOP's mission is to deliver scalable, efficient, and modernized solutions that empower organizations to operate at the speed of digital engagement.
Forward-Looking Statements: This press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from those projected.
Safe Harbor Statement: This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Company invokes the protections of the Private Securities Litigation Reform Act of 1995. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategies, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, as well as statements that include words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements. All forward-looking statements involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. Factors that may cause actual results to differ materially from those in the forward-looking statements include those set forth in our filings at www.sec.gov. The company is no longer a fully reporting SEC filing company. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements include, but are not limited to, statements regarding the anticipated launch, approval, functionality, adoption, commercialization, revenue potential, profitability, scalability, growth prospects, enterprise customer deployments, future product enhancements, market opportunities, business strategy, and future operating performance of Peer To Peer Network, Inc. ("PTOP") and its products, including MobiCard™.
Forward-looking statements are typically identified by words such as "anticipates," "believes," "expects," "intends," "plans," "may," "will," "should," "projects," "estimates," "potential," "could," "continue," and similar expressions. These statements are based on current expectations, assumptions, and beliefs of management and are subject to a number of risks, uncertainties, and other factors, many of which are beyond the Company's control.
Actual results may differ materially from those expressed or implied by forward-looking statements due to a variety of factors, including, without limitation: the Company's ability to obtain and maintain app store approvals; successfully launch and commercialize its products; convert enterprise agreements into active paying customers; attract and retain users; generate revenues; obtain financing; compete effectively within its industry; protect its intellectual property; maintain regulatory compliance; execute its business strategy; and general economic, market, technological, and industry conditions.
No assurance can be given that any anticipated product launch, customer deployment, revenue opportunity, growth initiative, enterprise adoption, or business objective will be achieved. Investors are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this release.
Except as required by applicable law, Peer To Peer Network, Inc. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
Guelph, Ontario--(Newsfile Corp. - June 9, 2026) - Zentek Ltd. (TSXV: ZEN) (NASDAQ: ZTEK) ("Zentek" or the "Company") is pleased to announce that the United States Patent and Trademark Office has issued U.S. Patent No. 12,616,206 (the "Patent") covering the foundational graphene-based technology underlying the Company's ZenGUARD™ platform.
The Patent includes a 327-day extension to its enforceable term to compensate for examination delays. The Patent is owned by Zentek Ltd., with Dr. Seyyedarash Haddadi named as lead inventor alongside co-inventors. The Patent further strengthens the Company's intellectual property protection for ZenGUARD™, complementing its issued Canadian patent covering personal protective equipment and heating, ventilation and air conditioning ("HVAC") applications, including ZenGUARD™ Enhanced Air Filters, which the Company announced on May 6, 2026, are now available for sale in Canada.
U.S. Air Filtration Market
The U.S. is among the largest markets globally for HVAC air filtration and is several times the size of the Canadian market. The U.S. air filter market was estimated at approximately US$5.3 billion in 2025¹.
HVAC operations are a significant component of commercial building energy use, and industry estimates indicate approximately 30% of HVAC energy consumption is attributable to overcoming the resistance imposed by air filters². ZenGUARD™ Enhanced Air Filters are a graphene-based technology engineered to help address this problem by delivering enhanced air quality without imposing an energy penalty. The Company will continue evaluating U.S. regulatory requirements, including EPA registration, while working alongside its U.S. manufacturing and distribution partner, Quality Filters Inc., an established American air filter manufacturer headquartered in Robertsdale, Alabama, to potentially enter the U.S. market. Any such U.S. market entry remains subject to applicable regulatory requirements, commercial readiness, manufacturing and distribution considerations, market acceptance and other risks, and there can be no assurance that Zentek will enter the U.S. market, or as to the timing, scope or commercial success of any such entry.
The U.S. patent grant broadens Zentek's intellectual property portfolio across its graphene-based and advanced material platforms, which underpin the ZenGUARD™ and Triera businesses. Each issued patent extends both the duration and geographic scope of protection for technologies the Company is advancing toward commercialization.
Management Commentary
"The U.S. and Canadian patents now protect ZenGUARD™'s underlying graphene-based indoor air quality technology in our two priority geographies," said Mohammed (Moe) Jiwan, Chief Executive Officer of Zentek. "ZenGUARD™ was developed in response to a specific market need: air filtration that materially improves indoor air quality in commercial and institutional buildings without imposing an energy penalty. We will continue to advance ZenGUARD™ alongside Quality Filters Inc. as the U.S. regulatory pathway clarifies."
About Zentek Ltd.
Zentek Ltd. is a Canadian intellectual property development and commercialization company advancing a portfolio of graphene-enabled and advanced material technologies across clean air, next-generation materials, and critical minerals. The Company's core platforms are Albany Graphite, ZenGUARD™, and Triera. Albany is the Company's principal critical minerals asset and is advancing toward a Preliminary Economic Assessment targeted for completion in the Summer of 2026.
Forward-Looking Statements
This news release contains forward-looking statements. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although Zentek believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Zentek disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
References (public)
https://www.mordorintelligence.com/industry-reports/north-america-air-filter-markethttps://cleanair.camfil.us/2025/03/19/hvac-engineers-resource-for-low-pressure-drop-air-filters/For more information:
Mohammed (Moe) Jiwan
Chief Executive Officer, Zentek Ltd.
T: 416-709-8876
E: [email protected]
W: www.zentek.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/300744
Source: Zentek Ltd.
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The artificial intelligence (AI) boom is top of mind for everyone who invests in stocks. Skyrocketing share prices for semiconductor stocks and other companies that are profiting from the build-out of AI data centers have become a huge part of the U.S. stock market.
But many investors are feeling doubtful and anxious along with the exuberance of this bull market. Are AI stocks too richly valued? What if corporate spending on AI capital expenditures slows? What if AI technology doesn't deliver the hoped-for gains in productivity? What if AI is a bubble that bursts?
Image source: Getty Images.
Bloomberg recently published research saying that if the AI bubble bursts, the S&P 500 index could drop by as much as 20%. If you feel as if your stock portfolio has gotten too tech-heavy with highly valued U.S. growth stocks, you might want to consider buying exchange-traded funds (ETFs) before the AI bubble bursts.
Let's look at two ETFs that could be good choices to diversify away from a tech-heavy portfolio.
1. Vanguard Total Bond Market ETF (BND): More than 11,000 bonds, 19 years of 3.08% annualized returns If you're worried about a stock market downturn, you might want to buy more bonds. One of the best ways to do that is to invest in the Vanguard Total Bond Market ETF (BND 0.12%). This fund lets you own 11,387 bonds, with a broad mix of government bonds and investment-grade corporate bonds.
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During the past three years, this Vanguard bond ETF has delivered average annual returns (by net asset value) of 3.95%, with an annualized return of 3.08% since the fund's inception in April 2007. After the 2008 stock market crash and during the recovery from the Great Recession, the Vanguard Total Bond Market ETF outperformed the S&P 500 for about five years.
BND Total Return Level data by YCharts
Bonds don't usually outperform the S&P 500 in the long run. But a general rule of thumb in investing is that bonds tend to be negatively correlated with stocks. This means that when stock prices go down, bond prices go up and vice versa. In case of a big AI-related stock market downturn, bonds could help your portfolio stay steady and avoid excessive losses.
Bloomberg's model also forecasts that if the S&P 500 were to decline by 20%, the Fed would be likely to cut interest rates three or four times. Lower interest rates could be good news for bond prices. Buying bonds before an AI bust could be a smart move.
2. Vanguard International High Dividend Yield ETF (VYMI): 1,582 global stocks, 3.42% dividend yield If the S&P 500 falls by 20%, that would likely be bad news for many international stocks that are riding the AI boom, such as semiconductor stocks in markets like Taiwan and South Korea. But international high-yield dividend stocks might be less exposed to the AI trade.
The Vanguard International High Dividend Yield ETF (VYMI +0.54%) offers a diversified portfolio of 1,582 international stocks, which are mostly far away (literally and figuratively) from the AI boom. None of the fund's top 10 stock holdings are tech stocks.
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Instead, the top holdings of this ETF are mostly financial stocks and pharmaceutical stocks, along with a few big names like Toyota Motor (TM +0.03%) and Nestlé (NSRGY 0.20%). This fund puts your money to work in different parts of the global stock market that might keep making steady profits and paying good dividends, no matter what happens next with AI.
For the past three years, this fund has delivered average annual returns (by net asset value) of 23.5%, with an annualized return of 11.4% since the fund's inception in February 2016. And during the past 12 months, this fund has delivered an impressive dividend yield of 3.42% -- better than most of the best dividend index funds.
If the S&P 500 drops by 20%, this ETF would probably take a hit too. But it might lose less value than the U.S. stock market as a whole in the case of an AI bust. The last time the S&P 500 was in a bear market, in 2022, the Vanguard International High Dividend Yield ETF had a negative return of -7.06% for the year, compared to -18.11% for the S&P 500.
VYMI Total Return Level data by YCharts
There's no guarantee that any investment will be a safe place to hide in the event of a big tech-sector meltdown. But buying bonds and high-yield dividend stocks in international markets might help protect your money in case the AI bubble bursts.
, /PRNewswire/ -- This summer, Toyota is spotlighting the unwavering passion of Latino soccer fans with the launch of "Endurance Is Our Game," a culturally driven campaign that celebrates belief, resilience, and the refusal to give up. Inspired by the insight that Latino fútbol fans stay committed through every high and low, the campaign draws a powerful parallel between that enduring spirit and Toyota trucks which are built to go the distance.
“Endurance is our Game” draws a powerful parallel between fans enduring spirit and the exceptional durability of Toyota trucks which are built to go the distance.
In “Endurance is our Game”, viewers see that, rain or shine, fans go the distance, in their Toyota trucks because quitting is not an option.
Toyota celebrates soccer fans’ unwavering passion with the newest campaign, “Endurance is our Game” featuring Toyota trucks.
In the spot “Tear Storm,” a group of friends drive through a downpour in their Toyota truck while singing a new arrangement of Cielito Lindo with custom lyrics, because quitting is not an option.
A series of soccer chants featuring actor and singer, Anthony Ramos were created as part of the “Endurance is our Game” campaign for Toyota.
Actor and singer, Anthony Ramos, plays a weatherman forecasting an oncoming “tear storm,” in the social extension of the “Endurance is our Game” campaign. Experience the full interactive Multichannel News Release here: https://www.multivu.com/conill_toyota/9398351-en-toyota-celebrates-latino-fans-passion-soccer-campaign-rooted-endurance
The dynamic campaign comes to life through linear, digital, and social creative that focuses on fans' unwavering spirit and the exceptional durability of Toyota trucks as they push through and endure because for Latinos giving up is never an option.
"For Latino soccer fans, endurance is measured not just by strength alone, but also by belief," said Mike Tripp, group vice president, Toyota Marketing. "For more than a decade, Toyota has been part of soccer culture, building authentic connections with fans whose passion runs deep across generations. That same spirit is reflected in our trucks, built to go the distance and never quit."
The centerpiece of the creative is "Tear Storm," a cinematic :30-second spot that follows a group of friends driving through a downpour in their Toyota truck while singing a new arrangement of Cielito Lindo with custom lyrics. The storm serves as a metaphor for the 'llorones' – the sideline soccer complainers – because tears are inevitable, though the reasons vary. Rain or shine, fans will go the distance, in their Toyota trucks, because quitting is not an option. The campaign extends to social featuring actor and singer Anthony Ramos, playing a weatherman forecasting an oncoming "tear storm," in addition to participating in a series of high-energy soccer chants.
The campaign will come to life for soccer enthusiasts of all ages at the Toyota Fútbol Club (Toyota FC), an experiential space designed to transform the campaign into a vibrant celebration of futbolismo. Toyota is hosting two events:
Houston, Texas - June 27 and 28 at Toros HTX Miami, Florida – July 11 and 12 at Stadio Soccer The TFC will feature music, art, a streetwear boutique, 3v3 tournaments, and Toyota trucks, creating a space where fans with aguante can weather the storm together.
Toyota's connection to soccer is more than a moment. For more than a decade, Toyota has invested in the sport and its culture, supporting fútbol as a way of life and a powerful connector across generations. Toyota's sustained presence in the sport reinforces its authentic bond with fans, not as spectators, but as a brand that has shown up consistently in support of the culture and the game.
To learn more about the campaign and Toyota FC event information, follow @ToyotaLatino and visit www.toyota.com/espanol/trucks/aguante. #vayamosjuntos
About Toyota
Toyota (NYSE:TM) has been a part of the cultural fabric in North America for nearly 70 years, and is committed to advancing sustainable, next-generation mobility through our Toyota and Lexus brands, plus our more than 1,800 dealerships.
Toyota directly employs nearly 64,000 people in North America who have contributed to the design, engineering, and assembly of nearly 49 million cars and trucks at our 14 manufacturing plants. In 2025, Toyota's plant in North Carolina began to assemble automotive batteries for electrified vehicles.
For more information about Toyota, visit www.ToyotaNewsroom.com.
Media Contacts
Sam Mahoney
Toyota Motor North America
980-900-8573
[email protected]
Delia López
Conill for Toyota
424-239-4078
[email protected]
Halifax, Nova Scotia--(Newsfile Corp. - June 11, 2026) - Namibia Critical Metals Inc. (TSXV: NMI) (OTCQB: NMREF) ("Namibia Critical Metals" or the "Company" or "NCMI") is pleased to announce commencement of a significant drill program at its Lofdal Heavy Rare Earths project in Namibia.
The drill program commenced on 3 June 2026 and aims at:
Maiden resource for the 1.5 km long xenotime-mineralized system at Area 5 between the currently planned Area 4 and Area 2B pits
First deep hole to be drilled in potentially extending deposit of Area 4 to 800m depth for studies on a future underground mining option
Increase Resources of Measured Category at Area 4
Increase Indicated and Measured Resources at Area 2B
Darrin Campbell, President of Namibia Critical Metals, stated:
"We are excited about the potential impact of this drilling campaign of not only expanding resources in our deposits with already existing mine plans but also stepping into potential additional satellite resources at Area 5.
"Testing the extension of the Area 4 deposit to a depth of about 800 meters has the biggest potential impact for further mine life or increased throughput. Our experts in underground mining design are on standby to potentially guide the project to a significant expansion of the mine."
Drill Program 2026
Reverse circulation (RC) drilling of 83 drillholes is planned with two rigs over the next five months for a total drill production in the range of 13,000 meters.
The 2026 drill program comprises of mainly resource infill and expansion drilling at Area 2B and Area 4 as well as systematic drilling of a total of 5,670 meters along the Area 5 mineralized system, see map below.
Core drilling will be used to tests the depth extension of the Area 4 deposit with an expected intercept at about 800 meters vertical depth.
Figure 1: Drill plan of the 2026 drill program at Lofdal: Green triangles = resource infill and expansion drilling at Area 2B and Area 4. Blue triangles = Exploration drilling for a maiden resource at Area 5. Red triangle = collar position of the deep borehole downdip of the Area 4 deposit. Black triangles = historical drilling.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/12470/301160_bc922bf8748958a9_002full.jpg
The Company was also pleased to host senior executives from its partners, JOGMEC and Toyota-Tsusho, to a site visit at Lofdal and hold stakeholder update meetings with senior Namibian government representatives and the communities.
Figure 2: Visit of representatives of Toyota Tsusho and JOGMEC at a drill site at Area 2B and at the core shed in Khorixas
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/12470/301160_figuretwo.jpg
About Namibia Critical Metals Inc.
NCMI is developing the Tier-1 Heavy Rare Earth Project, Lofdal, a globally significant deposit of the heavy rare earth metals dysprosium and terbium. Demand for these critical metals used in permanent magnets for electric vehicles, wind turbines and other electronics is driven by innovations linked to energy and technology transformations. The geopolitical risks associated with sourcing many of these metals have become a repeated concern for manufacturers and end users. Namibia is a proven and stable mining jurisdiction.
The Lofdal Project is fully permitted with a 25-year Mining License and is under a funding agreement with Japan Organization for Metals and Energy Security (JOGMEC).
About Toyota Tsusho Corporation
Toyota Tsusho Corporation is the trading and business development arm of the Toyota Group and one of Japan's leading global trading houses. The company operates across a wide range of sectors including metals, energy, chemicals, mobility, and advanced materials. Toyota Tsusho plays a significant role in building global supply chains for critical minerals and materials used in automotive electrification, renewable energy systems and advanced manufacturing.
Japan Organization for Metals and Energy Security (JOGMEC) and the JOGMEC Agreement
JOGMEC is a Japanese government independent administrative agency which seeks to secure stable resource supplies for Japan. JOGMEC has a strong reputation as a long term, strategic partner in mineral projects globally. JOGMEC facilitates opportunities with Japanese private companies to secure supplies of natural resources for the benefit of the country's economic development.
Rare earth elements are of critical importance to Japanese industrial interests and JOGMEC has extensive experience with all aspects of the sector. JOGMEC provided Lynas with USD$250,000,000 in loans and equity in 2011 to ensure supplies of the Light Rare Earths metals suite to the Japanese industry and invested a further $134 million in 2023.
Namibia Critical Metals owns a 95% interest in the Lofdal project with the remaining 5% held for the benefit of Historically Disadvantaged Namibians. The terms of the JOGMEC agreement with the Company stipulate that JOGMEC provides C$3,000,000 in Term 1 and C$7,000,000 in Term 2 to earn a 40% interest in the Lofdal project. Term 3 calls for a further C$13,000,000 of expenditures to earn an additional 10% interest. JOGMEC can also purchase another 1% for C$5,000,000 and has first right of refusal to fully fund the project through to commercial production and to purchase all production at market prices. The collective interests of NCMI and historically disadvantaged Namibians cannot be diluted below a 26% carried working interest upon payment of C$5,000,000 to JOGMEC for the dilution protection. NMI may elect to participate up to a maximum of 45% by funding pro rata after the earn in period is completed.
To date, JOGMEC has completed Term 2 and earned a 40% interest by reaching the C$10 million expenditure requirement. Total approved project funding to date is C$19,973,000 of the $23,000,000 earn-in requirement to reach 50% interest.
Rainer Ellmies, PhD, MScGeol, EurGeol, AusIMM and Vice President of Namibia Critical Metals Inc., is the Company's Qualified Person and has reviewed and approved this press release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain "forward-looking information" within the meaning of applicable securities laws. Forward looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "would", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. The Forward-Looking Statements in this news release relate to, among other things; the estimation of Mineral Resources and Mineral Reserves and the realization of such mineral estimates; the statements and other results of the PFS discussed in this news release, including, without limitation, project economics, financial and operational parameters such as expected throughput, production, processing methods, cash costs, operating costs, other costs, capital expenditures, cash flow, NPV, IRR, payback period, life of mine and REE price forecasts These statements are only predictions. Forward-looking information is based on the opinions and estimates of management and the QP's at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company's Management's Discussion and Analysis. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/301160
Source: Namibia Critical Metals Inc.
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New Enterprise Advertising Capabilities Will Enable Organizations to Promote Products, Services, Employment Opportunities and Company Updates Through the MOBICARD™ Ecosystem
CAMBRIDGE, MA / ACCESS Newswire / June 12, 2026 / Peer To Peer Network, Inc. (OTCID:PTOP), developer of the MobiCard™ digital networking platform, today announced that Santana Construction Services LLC has joined the growing list of organizations adopting MobiCard™ 1.8 as an Enterprise customer.
The addition of Santana Construction Services marks another step forward in the Company's enterprise growth initiative as MobiCard™ continues expanding into new industries. Recent enterprise adopters have included organizations spanning real estate, aviation, and now construction, demonstrating the platform's versatility across multiple business sectors.
One of the key features being introduced in MobiCard™ 1.8 is the Company's new Enterprise advertising capability. Enterprise customers can utilize the platform's integrated Feed feature to publish company updates, promotions, announcements, products, services, employment opportunities, and other content directly to the MobiCard ecosystem. Management believes this functionality creates a powerful opportunity for organizations to increase visibility while engaging with both existing and prospective customers. A "feed" style function. Paying for an Enterprise account will allow you to promote your content to others to be recycled through the "feed" more often.
Peer To Peer Network believes that network effects will play an important role in the future growth of the platform. As users share their MobiCard profiles with customers, vendors, referral partners, friends, and business associates, additional users are introduced to the platform. Management believes that each new connection has the potential to increase awareness of MobiCard™ and encourage broader adoption across both consumer and enterprise markets.
Santana Construction Services, a Maryland-based new construction company, will utilize MobiCard™ to enhance professional networking, streamline communications, and improve engagement with customers, suppliers, subcontractors, and referral partners.
"We are excited to become an Enterprise customer of MobiCard™ 1.8," said Nicholis Santana, CEO of Santana Construction Services. "Construction is a relationship-driven business. Every project involves communication between clients, contractors, vendors, and referral sources. We believe MobiCard™ provides an innovative way to simplify those interactions while helping our team present a professional digital identity."
Joshua Sodaitis, Chairman and CEO of Peer To Peer Network, commented, "Each new Enterprise customer helps validate our vision for the platform. We designed MobiCard™ to be much more than a digital business card. We believe it is evolving into a digital networking and engagement platform that can be utilized across virtually every industry."
Mr. Sodaitis continued, "What excites me most about MobiCard™ 1.8 is the combination of digital networking and content distribution. Enterprise customers can now promote their businesses directly through the platform while simultaneously expanding their professional networks. Every card shared creates another opportunity for someone to discover MobiCard™, and we believe that organic growth dynamic has significant long-term potential. The deals we announced this week will stand as test cases to perfect our functionality and allow us to not hinder wide scale adoption once we manage these friendly accounts to work out any bugs that may arise."
The Company plans to continue expanding its enterprise customer base while introducing additional features designed to support organizations seeking modern networking, communication, and digital identity solutions.
After a successful roll out of the enterprise accounts announced this week the company plans to give the new 1.8 platform time to work out any kinks in the process before acquiring other Enterprise accounts.
"This is a friendly company and we have a longstanding relationship with the CEO - he is also one of the tech team developers of Mobicard™, which makes them an ideal early adopter of the platform. These types of deployments allow us to validate the business model, gather valuable feedback, and identify any areas for improvement before we accelerate our broader sales and marketing efforts.
"We recently experienced a minor delay with the Apple App Store review process and are in the process of resubmitting the application. We remain optimistic that we will be able to announce the availability of the new apps in both app stores sometime next week.
"I am especially excited about this release because MOBICARD™ 1.8 is not simply an update - it is a significant evolution of the platform. The user experience has been dramatically improved, the interface is more intuitive, and the overall functionality is far more powerful. In many ways, it feels like an entirely new application. We look forward to sharing it with users and showcasing what we believe is the strongest version of MOBICARD™ we have ever released," concluded Mr. Sodaitis.
About Santana Construction Services
Santana Construction Services is a Maryland-based new construction company focused on delivering quality construction, renovation, remodeling, and property improvement services. The company is committed to providing professional craftsmanship and customer-focused project execution throughout its service areas.
Peer To Peer Network, Inc. is the original inventor of the digital business card. With multiple fully granted U.S. utility patents protecting its electronic interactive business card system, PTOP is positioned as the category creator the of digital business cards industry. Its flagship product, MOBICARD™, is currently available on both the Google Play and Apple App Store.
PTOP's mission is to deliver scalable, efficient, and modernized solutions that empower organizations to operate at the speed of digital engagement.
Sign up for free for the MOBICARD™ digital business card app here:
Android: Mobicard™ - Apps on Google Play
iPhone: Mobicard™ App - App Store
Joshua Sodaitis
Chairman & CEO
Peer To Peer Network, Inc.
617-481-1971 [email protected]
www.ptopnetwork.com
PTOP Intelligence Labs, the Company's newly launched AI division is focused on building a suite of artificial intelligence products designed to enhance compliance, automate corporate communications, and strengthen the connection between companies and their customers or investors.
PTOP's mission is to deliver scalable, efficient, and modernized solutions that empower organizations to operate at the speed of digital engagement.
Forward-Looking Statements: This press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from those projected.
Safe Harbor Statement: This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Company invokes the protections of the Private Securities Litigation Reform Act of 1995. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategies, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, as well as statements that include words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements. All forward-looking statements involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. Factors that may cause actual results to differ materially from those in the forward-looking statements include those set forth in our filings at www.sec.gov.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements include, but are not limited to, statements regarding the anticipated launch, approval, functionality, adoption, commercialization, revenue potential, profitability, scalability, growth prospects, enterprise customer deployments, future product enhancements, market opportunities, business strategy, and future operating performance of Peer To Peer Network, Inc. ("PTOP") and its products, including MobiCard™.
Forward-looking statements are typically identified by words such as "anticipates," "believes," "expects," "intends," "plans," "may," "will," "should," "projects," "estimates," "potential," "could," "continue," and similar expressions. These statements are based on current expectations, assumptions, and beliefs of management and are subject to a number of risks, uncertainties, and other factors, many of which are beyond the Company's control.
Actual results may differ materially from those expressed or implied by forward-looking statements due to a variety of factors, including, without limitation: the Company's ability to obtain and maintain app store approvals; successfully launch and commercialize its products; convert enterprise agreements into active paying customers; attract and retain users; generate revenues; obtain financing; compete effectively within its industry; protect its intellectual property; maintain regulatory compliance; execute its business strategy; and general economic, market, technological, and industry conditions.
No assurance can be given that any anticipated product launch, customer deployment, revenue opportunity, growth initiative, enterprise adoption, or business objective will be achieved. Investors are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this release.
Except as required by applicable law, Peer To Peer Network, Inc. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
- AxoniQ takes traditional HVDC systems to the next level, supporting efficient and scalable multi-terminal DC grids for the next step in asset and investment optimization
- Pioneering portfolio of three solutions based on advanced power electronics and control, ensuring connectivity, controllability, and protection
- Designed to drive the electrification era with resilient and flexible power transmission
LONDON, June 12, 2026 - (JCN Newswire) - Hitachi Energy, a global leader in electrification, today announced the launch of AxoniQ(TM), its comprehensive portfolio of solutions for multi-terminal direct current(MTDC) systems. As global electricity demand accelerates, MTDC systems are becoming critical to ensuring a secure, affordable, and sustainable power grid.
As renewable energy deployment accelerates and power systems become increasingly interconnected, MTDC systems help manage congestion and improve resilience by allowing dynamic power flow between multiple terminals and across different energy markets, while supporting faster planning, procurement, and execution of grid projects. By connecting multiple power sources and demand points, MTDC grids enable electricity to be directed where it is needed most.
ENTSO E's Offshore Network Development Plans 2024 report*1 highlights that by 2040, Europe is moving into a massive scale-up phase of offshore renewables, which requires major transmission expansion and early hybrid grids. Grids developed with MTDC systems can boost transmission capacity up to nearly threefold in a 2040 scenario.
*1 Offshore Network Development Plans European offshore network transmission infrastructure needs
Achieving the same capacity and reliability without these solutions would require substantial capital investment. Optimized assets not only translate into fewer converter stations, but also into fewer power cables and lines and a reduced use of land and materials, underpinning a more sustainable energy system for the benefit of both society and the environment.
Marking a significant step toward greater interoperability, the launch of AxoniQ comes as governments and grid operators worldwide accelerate investments in transmission infrastructure toward a fully electrified world to integrate renewable energy at scale, strengthen cross-border interconnections, and improve energy security.
The AxoniQ portfolio combines advanced power electronics and control technologies. It includes:
- AxoniQ Protect: An innovative solution that can interrupt a DC fault in less than three milliseconds, it offers fast and effective protection at up to 525 kilovolts (kV). It enables selective fault isolation by disconnecting only the affected section of the DC grid, while the rest of the system continues operating. This continuous, proactive protection enables extremely low losses and the optimal combination of performance, efficiency, and reliability throughout the entire lifecycle.
- AxoniQ Connect: A modular DC switching station that enables the connection of new terminals and structures the grid into several protection zones, creating manageable subsystems. AxoniQ Connect ensures reliable service continuity, simplifies maintenance, and supports cost-efficient scalability.
- AxoniQ Control: An advanced control system built with interoperability in mind that maintains voltage stability and power balance, optimized power flow, and flexible, market-driven energy exchange. AxoniQ Control addresses congestion and enables quick reconfigurations in the event of disturbances.
Together, the AxoniQ suite of cutting-edge power electronics solutions enables the re-routing of power in real time, rapid fault isolation, and maintaining continuity of power supply while minimizing the impact on the wider grid and avoiding the risk of costly power interruptions. Engineered for interoperability by design, AxoniQ will continue to evolve to enable a sustainable expansion of direct current (DC) grids in the decades ahead.
"Electricity networks are becoming increasingly complex as renewable generation grows and demand patterns evolve. AxoniQ represents a milestone in the evolution of DC grids, enabling the next generation of HVDC systems, helping grid operators integrate renewable power more reliably and affordably while improving grid resilience and transmission efficiency," said Niklas Persson, CEO, Grid Integration Business Unit at Hitachi Energy. "Hitachi Energy is pioneering the new technology needed today and helping ensure future prosperity."
The AxoniQ family is part of Hitachi Energy's Grid-enSure(R), a fully integrated solution portfolio to stabilize power systems by strengthening transmission, managing frequency variations and system voltage and addressing capacity constraints. AxoniQ takes its name from axons, the part of a nerve cell (neuron) that carries electrical signals away from the cell body to other neurons, muscles or glands, effectively functioning as the body's electrical system. Like axons, AxoniQ brings power to life across the grid - intelligently and effectively transmitting electricity between multiple sources and demand points, acting as the vital connection that enables amore responsive, resilient, and interconnected energy system.
AxoniQ has been researched and developed by Hitachi Energy for more than a decade, and its benefits are demonstrated through the company's work in partnership with TSOs and main industry players with the aim of making future HVDC systems mutually compatible and interoperable by design.
About Hitachi Energy
Hitachi Energy is a global leader in electrification, powering the electricity era to meet the energy demands of today, and the next 25 years. As the energy arm of Hitachi Group, over three billion people depend on our pioneering, mission critical technologies to power their daily lives. With over a century of innovation, we are addressing the most urgent energy challenge of our time: driving the evolution of the world's energy system to ensure abundant, secure, affordable, and sustainable power for today's generation and the next. With an unparalleled installed base in over 140 countries, we are the grid ecosystem partner across the utility, industry, data center, and transportation sectors. Headquartered in Switzerland, we employ over 56,000 people in 60 countries and generate revenues of around $20 billion USD.
Https://www.hitachienergy.com
https://www.linkedin.com/company/hitachienergy
https://x.com/HitachiEnergy
About Hitachi, Ltd.
Through its Social Innovation Business (SIB) that brings together IT, OT (Operational Technology) and products, Hitachi aims to be a global leader in continuously transforming social infrastructure through digital, contributing to a harmonized society where the environment, wellbeing, and economic growth are in balance. Hitachi operates worldwide across four sectors - Digital Systems & Services, Energy, Mobility, and Connective Industries - as well as a Strategic SIB Business Unit focused on new growth areas. With Lumada at its core, Hitachi creates value by combining data, technology and domain knowledge to solve customer and social challenges. Revenues for FY2025 (ended March 31, 2026) totaled 10,586.7 billion yen, with 606 consolidated subsidiaries and approximately 290,000 employees worldwide. Visit us at www.hitachi.com.
Source: Hitachi, Ltd.
Copyright 2026 JCN Newswire . All rights reserved.
Fans can enter for a chance to win a custom Toyota Tacoma, VIP Reds Experiences, and more. June 12, 2026 14:14 ET | Source: Avos from Peru
Cincinnati, OH, June 12, 2026 (GLOBE NEWSWIRE) -- The Cincinnati Reds and Avocados From Peru (AFP) today announced a new partnership naming Avocados From Peru the Official Avocado and Official Superfood of the Cincinnati Reds.
Avocados From Peru and Cincinnati Reds branded pickup truck with team mascots and an avocado mascot outside Great American Ball Park.
To celebrate the partnership, the Reds and Avocados From Peru are launching “The Ultimate Sweepstakes of Baseball Season,” giving fans the opportunity to win a variety of prizes throughout the summer, including the grand prize: a custom co-branded 2026 Toyota Tacoma SR wrapped in Reds and Avocados From Peru branding.
The sweepstakes launches June 12 and runs through September 2, 2026. To be eligible, fans must register at Reds.com/AvoReds and follow @avosfromperu on Instagram. Both steps are required for a valid entry.
“As we continue to create unique experiences for our fans, this partnership with Avocados From Peru brings together baseball, community engagement and an exciting summer-long promotion,” said Dave Collins, Reds Vice President of Corporate Partnerships. “We are excited to give fans the opportunity to win a custom Toyota Tacoma while engaging with the Reds throughout the season.”
As part of the promotion, the custom Toyota Tacoma will be displayed at Great American Ball Park throughout the sweepstakes period and will also appear at community events across the Cincinnati region during the summer.
Fans attending games at Great American Ball Park will have opportunities to view the truck, take photos, scan QR codes to enter the sweepstakes and enjoy avocado-inspired menu offerings at select concession locations throughout the ballpark.
“We are thrilled to partner with one of Major League Baseball’s most historic franchises and connect with Reds fans throughout the region,” said Xavier Equihua, President and CEO of the Peruvian Avocado Commission. “This partnership combines healthy eating, community engagement and exciting fan experiences while showcasing the versatility, great taste and nutritional benefits of Avocados From Peru.”
The partnership will also feature a special National Avocado Day celebration on July 31, including the Reds Guacamole Challenge, where local media personalities and community guests will compete by preparing their favorite guacamole recipes before a panel of judges.
Additional sweepstakes prizes include exclusive Reds experiences, batting practice access and game tickets.
For official sweepstakes rules and entry information, visit Reds.com/AvoReds.
About Avocados From Peru
Avocados From Peru is represented by the Peruvian Avocado Commission (PAC), a non-profit organization operating under the Federal Promotion Program for Hass Avocados, with promotional activities under the oversight of the U.S. Department of Agriculture. Avocados From Peru promotes the flavor, quality and excellence of avocados grown in Peru, where orchards thrive between the Andes Mountains and the Pacific Ocean. For more information, visit AvocadosFromPeru.com.
Press Inquiries
Xavier Fco. Equihua
info [at] avocadosfromperu.com
(202)626-0560
https://avocadosfromperu.com/
Peruvian Avocado Commission 717 D Street, NW Suite 310 Washington, D.C. 20004
HomeIndustriesMediaParamount has agreed to pay an extra $627.5 million for every quarter past Sept. 30 that the deal doesn’t close. Looming regulatory pressures are pushing that potential outcome into focus.Published: June 11, 2026 at 2:30 p.m. ET
The merger of Paramount Skydance and Warner Bros. Discovery has been met with resistance from many in Hollywood — but the real threat will come from additional costs Paramount could incur if regulators slow down the deal. Photo: AFP via Getty ImagesWhen Paramount Skydance agreed to acquire Warner Bros. Discovery for $110 billion, it was counting on obtaining swift approval for the deal from the Trump administration.
But underneath the complex and expensive megamerger sits a potential time bomb that could be triggered if regulators elsewhere create significant roadblocks.
By You're currently following this author! Want to unfollow? Unsubscribe via the link in your email.
Paramount Skydance CEO David Ellison has highlighted the importance of technology as AI tools like Claude make staffers more productive. Patrick T. Fallon/AFP via Getty Images; Photo by Samuel Boivin/NurPhoto via Getty Images Executives at Paramount Skydance have fallen in love with AI — especially its knack for quickly knocking out tasks that would otherwise take workers hours to complete.
Paramount streaming leaders trumpeted "productivity acceleration" thanks to AI during a quarterly tech meeting on Wednesday, according to a screenshot of the presentation viewed by Business Insider.
During the meeting, higher-ups highlighted how an AI-powered triage tool for data processing finished a two- to four-hour task in less than 10 minutes, the screenshot showed.
The presentation also said that tech staffers have used the AI coding tool Claude Code to complete a task that used to take days in minutes.
Paramount's embrace of AI is part of CEO David Ellison's plan to make the 114-year-old media company into a "tech-forward" enterprise, ahead of its plan to acquire Warner Bros. Discovery.
Four high-level Paramount employees told Business Insider that their company is increasingly leaning into AI, and early results have been encouraging.
"Coding is not the bottleneck. It no longer takes days to write the code — it takes hours," a veteran streaming leader said.
Paramount has encouraged tech employees to freely use AI, two employees said.
However, the company told tech employees on Wednesday that it's starting to implement "per-user monthly spend limits" on AI tokens, though the quotas will be far above most employees' usage.
"This will be a high limit based on usage analytics," said Alan Ho, Paramount's senior director of identity architecture and AI enablement, in a Slack message that was viewed by Business Insider.
If Paramount employees don't use AI, 'something's missing in your drive'Besides pushing into AI, Paramount is putting its streamers on a unified tech platform this summer, has expanded the role of data and insights, and made key hires — like former Google executives Barak Turovsky as consumer AI head and Hugh Williams as an EVP.
In recent months, Paramount has created an AI dashboard that shows Cursor token usage, similar to ones at Disney and the finance giant JPMorgan.
A top AI user on Paramount's dashboard said that the company's shift toward AI "almost felt like it happened overnight" and said staffers "feel more empowered every day" to use those tools.
"It's just part of how we work," this person said of AI. "It's taken a lot of the heavy lifting out of the technical side, which has freed up more time and headspace for the creative work."
A Paramount tech executive said they weren't diving deep into AI until the spring, but they're now aboard the hype train. AI tools can handle weeks' worth of work in minutes, they said.
"At some point, if you're not using it, something's wrong," this executive said. "Something's missing in your drive."
Another AI-focused employee said they'd been using teams of AI agents, deploying as many as 10 automated bots at once to accomplish tasks.
The veteran streaming leader said they'd found that AI usage correlated with productivity, and that the amount of code produced was soaring.
"I was giving praise to developers who appeared in the top 10," the veteran streaming leader said.
Paramount has been hustling to converge its streaming tech platforms by the middle of the year, which has been a top company priority. Without the rapid maturity and adoption of AI, the veteran leader said they didn't think their team would have accomplished its goals on time.
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James Faris You're currently following this author! Want to unfollow? Unsubscribe via the link in your email.
, /PRNewswire/ -- PARAMOUNT SKYDANCE CORPORATION (NASDAQ: PSKY) ("Paramount") today announced the extension of the Expiration Dates in connection with the previously announced (i) offers to purchase (the "Tender Offers" and each, a "Tender Offer") for cash, upon the terms and subject to the conditions set forth in the related offer to purchase (the "Offer to Purchase"), any and all of the identified notes in each series of the Existing Tender Offer Notes (defined by reference to the table set forth below) issued by Discovery Global Holdings, Inc. (formerly WarnerMedia Holdings, Inc.) (the "DGH Issuer") and Discovery Communications, LLC (the "DCL Issuer" and together with the DGH Issuer, each a "WBD Issuer" and collectively the "WBD Issuers"), as applicable, and (ii) offers to exchange (the "Exchange Offers" and each, an "Exchange Offer" and, together with the Tender Offers, the "Offers" and each, an "Offer"), upon the terms and subject to the conditions set forth in the related exchange offer memorandum (the "Offering Memorandum"), any and all of the identified notes in each series of the Existing Exchange Offer Notes (defined by reference to the table set forth below) (together with the Existing Tender Offer Notes, the "Offer Notes") issued by the applicable WBD Issuer for notes to be newly issued by Paramount.
The Expiration Dates for the Tender Offers and Exchange Offers (as defined in each of the Offer to Purchase and Offering Memorandum, respectively) have been extended to 5:00 p.m., New York City time, on July 1, 2026, unless further extended. The Settlement Dates for the Tender Offers and Exchange Offers (as defined in each of the Offer to Purchase and Offering Memorandum, respectively) will occur promptly after the Expiration Date and are currently anticipated to occur in the third quarter of 2026. Paramount anticipates extending the Expiration Date for such Tender Offers and Exchange Offers until such time that would result in the Settlement Dates occurring on the closing date of the proposed acquisition (the "Acquisition") by Paramount of Warner Bros. Discovery, Inc. ("WBD") or within one business day thereof. Tenders of the Offer Notes in the Offers may be withdrawn at any time prior to the Expiration Date.
As of 5:00 p.m., New York City time, on June 11, 2026, approximately 11.12% and 16.30% of the aggregate principal amount of the Existing Tender Offer Notes and Existing Exchange Offer Notes, respectively, have been validly tendered in the applicable Offers. As Paramount previously announced that it anticipates extending the Offers to align with the closing date of the Acquisition, Paramount does not view these figures to be representative of the final results of the applicable Offers.
Information about each series of Offer Notes eligible to participate in the Offers is summarized below.
Type of Offer
Offer Notes to be Tendered
or Exchanged, as
Applicable
Issuer of Offer Notes
CUSIP No. / Common Code
/ ISIN Eligible to
Participate in the Offers (1)
Aggregate Principal
Amount of Offer Notes
Eligible to Participate in the
Offers (2)
No representation is made as to the correctness or accuracy of the identifiers listed in this press release or printed on the Offer Notes. Such identifiers are provided solely for the convenience of the holders.
2.
Represents the aggregate principal amount of Offer Notes outstanding that are eligible to participate in the Offers.
The Exchange Offers are being made pursuant to an exemption from the registration requirements of the U.S. Securities Act of 1933, as amended (the "Securities Act"), and the rules and regulations of the Securities and Exchange Commission (the "SEC") promulgated thereunder, and are also not being registered under any state or foreign securities laws. Any securities offered pursuant to the Exchange Offers may not be offered or sold in the United States or to any U.S. persons (as defined below) except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. The Exchange Offers will only be made, and the securities offered pursuant to the Exchange Offers are only being offered and issued, to holders of applicable Existing Exchange Offer Notes who are (a) reasonably believed to be "qualified institutional buyers" as defined in Rule 144A under the Securities Act or (b) not "U.S. persons," as defined in Rule 902 of Regulation S under the Securities Act (such holders, "Eligible Holders"), and only Eligible Holders who have completed and returned the eligibility certification are authorized to receive or review the Offering Memorandum or to participate in the Exchange Offers. The eligibility certification is available electronically at: https://gbsc-usa.com/eligibility/paramount.
General
Each Offer is a separate offer, and each may be individually consummated, amended, extended, terminated, or withdrawn, subject to certain conditions and applicable law, at any time in Paramount's sole discretion, and without also consummating, amending, extending, terminating, or withdrawing any other Offer with respect to any other series of Offer Notes. Paramount may terminate an Offer if any of the conditions of such Offer described in the Offer to Purchase or Offering Memorandum, as applicable, are not satisfied or waived by the applicable Expiration Date, subject to applicable law. In addition, Paramount may waive the conditions to an Offer without extending such Offer in accordance with applicable law.
The Offers are being made solely by Paramount and are not being made by WBD or the WBD Issuers. None of Paramount, WBD, the WBD Issuers, the Dealer Managers, the Exchange Agent (as defined below), the Information Agent (as defined below), the trustees under each of the indentures governing the Offer Notes, the trustee or collateral agent under the indenture that will govern the notes to be issued in the Exchange Offers, or any affiliate of any of them makes any recommendation as to whether any holder of Offer Notes should tender or refrain from tendering all or any portion of the principal amount of such holder's Offer Notes for cash or notes to be issued in the Exchange Offers. No one has been authorized by any of them to make such a recommendation. Holders must make their own decision whether to tender Offer Notes in any Offer and, if so, the amount of Offer Notes to tender.
Only Eligible Holders may receive a copy of the Offering Memorandum and participate in the Exchange Offers. Paramount has engaged Global Bondholder Services Corporation to act as the exchange agent (in such capacity, the "Exchange Agent") and information agent (in such capacity, the "Information Agent") for the Offers. Questions concerning the Offers, or requests for additional copies of the Offer to Purchase or Offering Memorandum or other related documents, may be directed to Corporate Actions by telephone at (855) 654-2014 (U.S. toll-free) or (212) 430-3774 (banks and brokers) or by email at [email protected]. Holders should also consult their broker, dealer, commercial bank, trust company or other institution for assistance concerning the Offers. The Exchange Offer documents and the Tender Offer documents can be accessed at the following link: https://gbsc-usa.com/paramount.
Paramount has engaged BofA Securities and Citigroup as dealer managers (in such capacity, the "Dealer Managers") for the Offers. Holders with questions regarding the Offers should contact BofA Securities, Inc. at +1 (888) 292-0070 (toll-free) or +1 (980) 388-3646 (collect) or [email protected] or Citigroup Global Markets Inc. at +1 (800) 558-3745 (toll-free) or +1 (212) 723-6106 or [email protected]. Latham & Watkins LLP is serving as legal counsel to Paramount and Cahill Gordon & Reindel LLP is serving as legal counsel to the Dealer Managers.
This press release is for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any security, and does not constitute an offer, solicitation, or sale of any security in any jurisdiction in which such offer, solicitation, or sale would be unlawful.
About Paramount, a Skydance Corporation
Paramount, a Skydance Corporation is a next-generation global media and entertainment company, comprised of three business segments: Studios, Direct-to-Consumer, and TV Media. PSKY's portfolio unites legendary brands, including Paramount Pictures, Paramount Television, CBS, CBS News, CBS Sports, Nickelodeon, MTV, BET, Comedy Central, Showtime, Paramount+, Pluto TV, and Skydance Animation, Film, Television, Interactive/Games, and Paramount Sports Entertainment.
This communication contains "forward-looking statements" regarding the Acquisition and the other transactions referred to herein. The reader is cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of Paramount. Risks and uncertainties include, but are not limited to: the risk that the closing conditions for the Acquisition will not be satisfied, including the risk that clearances under applicable antitrust or regulatory laws will not be obtained or will be obtained subject to conditions that are not anticipated; the possibility that the transactions described herein will not be completed in the expected timeframe or at all; the occurrence of any event, change or other circumstances that could give rise to the termination of the Acquisition; potential adverse effects to the businesses of Paramount or WBD during the pendency of the Acquisition, such as employee departures or distraction of management from business operations; negative effects of the announcement or the consummation of the Acquisition on the market price of WBD or Paramount stock; the risk of stockholder litigation relating to the Acquisition, including resulting expense or delay; the potential that the expected benefits and opportunities of the Acquisition, if completed, may not be realized or may take longer to realize than expected; risks related to the streaming business of the post-Acquisition combined business (the "Combined Company"); the adverse impact on the Combined Company's advertising revenues as a result of changes in consumer behavior, advertising market conditions, and deficiencies in audience measurement; risks related to operating in highly competitive and dynamic industries; the unpredictable nature of consumer behavior, as well as evolving technologies and distribution models; risks related to the Combined Company's decision to invest in new businesses, products, services, and technologies, and the evolution of the Combined Company's business strategy; the potential for loss of carriage or other reduction in, or the impact of negotiations for, the distribution of the Combined Company's content; damage to the Combined Company's reputation or brands; losses due to asset impairment charges for goodwill, content and long-lived assets, including finite-lived intangible assets; liabilities related to discontinued operations and former businesses; increasing scrutiny of, and evolving expectations for, sustainability initiatives; evolving business continuity, cybersecurity, privacy and data protection and similar risks; challenges in protecting and maintaining the Combined Company's intellectual property rights; domestic and global political, economic and regulatory factors affecting the Combined Company's business generally or the Acquisition; the inability to hire or retain key employees or secure creative talent; disruptions to the Combined Company's operations as a result of labor disputes; risks and costs associated with the integration of, and Paramount's ability to integrate, the businesses of Paramount Global, Skydance Media, LLC, and WBD successfully and to achieve anticipated synergies, including in the amounts or on the timelines anticipated to realize such synergies; litigation related to the Acquisition and other matters or transactions; risks associated with the Combined Company's holding company structure, including its dependence on distributions from its subsidiaries to meet tax obligations and other cash requirements; risks related to our indebtedness, including our substantial outstanding debt obligations, our ability to incur substantially more debt and our ability to meet the financial and other covenants contained in the agreements governing the indebtedness of Paramount, WBD, or the Combined Company. A further list and description of these risks, uncertainties and other factors and the general risks associated with the respective businesses of Paramount and WBD can be found in Paramount's Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the SEC on February 25, 2026, including in the sections captioned "Cautionary Note Concerning Forward-Looking Statements" and "Item 1A. Risk Factors," Paramount's most recently filed Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, including in the sections captioned "Cautionary Note Concerning Forward-Looking Statements" and "Item 1A. Risk Factors," and Paramount's subsequent filings with the SEC, and in WBD's Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the SEC on February 27, 2026, including in the section captioned "Item 1A. Risk Factors," WBD's Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, filed with the SEC on May 6, 2026, and WBD's subsequent filings with the SEC. Neither Paramount nor WBD undertakes to update any forward-looking statement as a result of new information or future events or developments, except as required by law.
Item 1 of 2 The Warner Bros. Water Tower is pictured at Warner Bros. Studios in Burbank, California, U.S. February 27, 2026. REUTERS/Daniel Cole/File Photo
[1/2]The Warner Bros. Water Tower is pictured at Warner Bros. Studios in Burbank, California, U.S. February 27, 2026. REUTERS/Daniel Cole/File Photo Purchase Licensing Rights, opens new tab
CompaniesWASHINGTON, June 12 (Reuters) - The U.S. Justice Department's Antitrust Division has cleared Paramount Skydance Corp's (PSKY.O), opens new tab planned $110 billion acquisition of Warner Bros Discovery (WBD.O), opens new tab, Politico reported on Friday, citing two people familiar.
Department of Justice officials determined the transaction did not pose a threat to competition, according to the sources.
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Politico reported, citing one source, that the department approved the merger without requiring any divestitures, behavioral remedies or concessions.
DALLAS--(BUSINESS WIRE)--Celanese Corporation (NYSE: CE), a global specialty materials and chemical company, and SharpCell Oy, a Finnish family-owned company producing high quality airlaid materials, today announced their cooperation to help reduce greenhouse gas emissions through the use of carbon capture and utilization (CCU) technology in Celanese binders.
Celanese and SharpCell Oy Collaborate to Bring Carbon Capture and Utilization to Airlaid Nonwovens
Share Pioneering in the airlaid nonwovens industry, SharpCell Oy is creating lower carbon footprint nonwoven materials for the production of everyday articles such as table tops, wipes, and hygiene products with ingredients manufactured with carbon dioxide (CO2) emissions captured from industrial processes using CCU technology.
“Celanese can uniquely turn CO2 emissions into a range of chemistries, and we are excited to add airlaid nonwovens to the list of products benefiting from CCU,” said Kevin Norfleet, Senior Director, Global Sustainability at Celanese. “We are delighted to work with SharpCell to both increase circular content and further reduce the carbon footprint of everyday essential products.”
Celanese uses CCU-based chemical building blocks at its Clear Lake, Texas, facility for vinyl acetate ethylene binders, an integral component in the production of binder-bonded airlaid nonwovens. The resulting nonwoven products offer a lower product carbon footprint (PCF) than conventional nonwoven products and contribute to more sustainable fiber-based products without compromising product quality. CCU and conventional fossil-fuel based feedstocks are commingled but separately accounted for using a process called mass-balance accounting.
Using CCU binder technology in SharpCell’s airlaid nonwovens is projected to utilize over 400 metric tons of captured CO2 annually. According to the US EPA Greenhouse Gas Equivalencies Calculator, this is comparable to the emissions from burning approximately 45,000 gallons of gasoline.
“Integrating Celanese’s CCU-based binders into our airlaid production is yet another strong commitment to more sustainable product solutions that we offer to our customers,” said Pekka Pollari, CEO at SharpCell. “We’re honored to be the first airlaid manufacturer to implement Celanese’s innovations and see it as a significant step forward in our pursuit of a more sustainable industry.”
For more information about ECO-CC and Celanese’s sustainability initiatives, visit www.celanese.com. For more information about SharpCell’s sustainability initiatives, visit www.sharpcell.fi/sustainability.
About Celanese
Celanese is a global leader in chemistry, producing specialty material solutions used across most major industries and consumer applications. Our businesses use our chemistry, technology and commercial expertise to create value for our customers, employees and shareholders. We support sustainability by responsibly managing the materials we create and growing our portfolio of sustainable products to meet customer and societal demand. We strive to make a positive impact in our communities and to foster inclusivity across our teams. Celanese Corporation is a Fortune 500 company that employs more than 11,000 employees worldwide with 2025 net sales of $9.5 billion.
Forward-Looking Statements
This release may contain “forward-looking statements,” which include information concerning Celanese’s plans, objectives, goals, strategies, financial condition, and other information that is not historical information. When used in this release, the words “projects,” “expects,” “anticipates,” “plans,” “intends,” “believes,” “will,” and variations of such words or similar expressions are intended to identify forward-looking statements. All forward-looking statements are based upon current expectations and beliefs and various assumptions. There can be no assurance that Celanese will realize these expectations or that these beliefs will prove correct. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements contained in this release. Numerous factors, many of which are beyond Celanese’s control, could cause actual results to differ materially from those expressed as forward-looking statements. These factors include those that are discussed in Celanese’s filings with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which it is made, and Celanese undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which it is made or to reflect the occurrence of anticipated or unanticipated events or circumstances.
Celanese Corporation (NYSE:CE) will release earnings for its first quarter after the closing bell on Tuesday, May 5.
Analysts expect the Irving, Texas-based company to report quarterly earnings of 88 cents per share. That’s up from 57 cents per share in the year-ago period. The consensus estimate for Celanese's quarterly revenue is $2.35 billion (it reported $2.39 billion last year), according to Benzinga Pro.
On April 15, Celanese declared quarterly dividend of 3 cents per share.
Shares of Celanese fell 0.7% to close at $68.74 on Monday.
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DALLAS--(BUSINESS WIRE)--Celanese Corporation (NYSE: CE), a global specialty materials and chemical company, today introduced a series of strategic initiatives designed to enhance capabilities, strengthen competitiveness, simplify manufacturing footprint, and prioritize continuity of supply to customers of its Engineered Materials business.
Celanese Outlines Strategic Nylon Uplift Initiatives for Global Engineered Materials Business
Share Celanese is repositioning its nylon business to create a more competitive and resilient platform for the future, without compromising customer confidence, product quality, or the Company’s ability to innovate on its existing polymer production assets or existing specialty polymerization capability.
A critical step in this nylon transition is today’s announced closure of the Sakra, Singapore, unit, as well as the optimization of the North American nylon 6,6 polymerization production facilities in Richmond, VA and Washington, WV, which is expected to reduce overall polymer production. Celanese expects to operate the Sakra facility through the end of July 2026 to ensure a smooth and safe operational shut down process.
“Our business strategy reflects a deliberate series of growth-oriented measures across our current product portfolio with the goal of optimizing the supply chain, improving performance and increasing operational agility,” said Todd Elliott, Senior Vice President, Celanese Engineered Materials. “This nylon alignment is part of Celanese’s broader ‘Grow & Fortify’ agenda in Engineered Materials which aims at sharpening how the business supports customer growth and development while strengthening the operating foundation that ensures reliable, competitive product supply,” noted Elliott.
In addition to the nylon transition steps announced today, Celanese is also advancing a set of complementary actions across its Engineered Materials network to better align capabilities with heightened customer requirements and demand outlook. These include advancing steps toward commencing liquid crystal polymer-related operations in China, targeted upgrades of specialty compounds production in Europe, introducing new processes for medical-grade compounding in Asia, as well as the implementation of targeted product mix enhancements and localization in India.
These actions are consistent with a series of steps the company has taken over the past years across regions to address unsustainable feedstock dynamics and network inefficiencies, which provide an important context for these actions.
“We are reshaping how and where nylon polymer is produced and sourced across our global network, and we will do so with disciplined execution,” stated Elliott. “Throughout this process, reliability and customer confidence remain a priority. We are sequencing actions thoughtfully with our customers’ experience in mind and with the goal of maintaining continuity of supply and product quality every step of the way,” concluded Elliott.
About Celanese
Celanese is a global leader in chemistry, producing specialty material solutions used across most major industries and consumer applications. Our businesses use our chemistry, technology and commercial expertise to create value for our customers, employees and shareholders. We support sustainability by responsibly managing the materials we create and growing our portfolio of sustainable products to meet customer and societal demand. We strive to make a positive impact in our communities and to foster inclusivity across our teams. Celanese Corporation is a Fortune 500 company that employs more than 11,000 employees worldwide with 2025 net sales of $9.5 billion.
Forward Looking Statements
This release may contain “forward-looking statements,” which include information concerning the Company’s plans, objectives, goals, strategies, future revenues, cash flow, operations, supply chains, financial condition and other information that is not historical information. When used in this release, the words “expects,” “anticipates,” “plans,” “intends,” “believes,” “will,” and variations of such words or similar expressions are intended to identify forward-looking statements. All forward-looking statements are based upon current expectations and beliefs and various assumptions. There can be no assurance that the Company will realize these expectations or that these beliefs will prove correct. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements contained in this release. Numerous factors, many of which are beyond the Company’s control, could cause actual results to differ materially from those expressed as forward-looking statements. These factors include those that are discussed in the Company’s filings with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which it is made, and the Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which it is made or to reflect the occurrence of anticipated or unanticipated events or circumstances.
DALLAS--(BUSINESS WIRE)--Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, today reported first quarter 2026 U.S. GAAP diluted earnings per share of $0.41 and adjusted earnings per share of $0.85. Net sales of $2.3 billion increased 6 percent sequentially, reflecting a 5 percent increase in volume, a small currency benefit and stable pricing. Results reflected actions that delivered favorable product mix and cost productivity measures in Engineered Materials, along with deliberate steps to capture higher value opportunities within the Acetyl Chain. These benefits were partially offset by higher feedstock and energy costs across both businesses.
Celanese utilized its fundamentally strong and differentiated business models to take swift action and capitalize on opportunities. For the first quarter, the Company reported consolidated operating profit of $214 million, adjusted EBIT of $275 million, and operating EBITDA of $455 million at margins of 9, 12, and 20 percent, respectively.
Celanese continued to take actions to advance the strategic priorities of increasing cash flow to accelerate deleveraging, intensifying cost improvements, and driving top line growth. These actions included the successful restart of the Frankfurt, Germany VAM unit and the announcement of the intended closure of the nylon 6,6 polymerization unit in Singapore.
“We are taking decisive and intentional actions to drive business improvement,” said Scott Richardson, president and chief executive officer. “By staying ahead of dynamic global events, we were able to capitalize on opportunities while positioning the business for an improved earnings profile over the course of the year. At the same time, we are strengthening the long-term fundamentals of the business through operational improvements and increased resilience. This progress supports our decision to raise our full‑year free cash flow outlook to $700 to $800 million and reinforces our confidence in the path forward.”
First Quarter 2026 Financial Highlights:
Three Months Ended
March 31,
2026
December 31,
2025
March 31,
2025
(unaudited)
(In $ millions, except per share data)
Net Sales
Engineered Materials
1,325
1,277
1,287
Acetyl Chain
1,036
940
1,116
Intersegment Eliminations
(24)
(13)
(14)
Total
2,337
2,204
2,389
Operating Profit (Loss)
Engineered Materials
221
111
94
Acetyl Chain
95
90
161
Other Activities
(102)
(108)
(90)
Total
214
93
165
Net Earnings (Loss)
48
22
(20)
Adjusted EBIT(1)
Engineered Materials
220
183
124
Acetyl Chain
131
146
167
Other Activities
(76)
(78)
(60)
Total
275
251
231
Equity Earnings and Dividend Income, Other Income (Expense)
Engineered Materials
32
32
17
Acetyl Chain
2
42
3
Operating EBITDA(1)
455
435
411
Diluted EPS - continuing operations
$
0.41
$
0.23
$
(0.17)
Diluted EPS - total
$
0.40
$
0.17
$
(0.22)
Adjusted EPS(1)
$
0.85
$
0.67
$
0.54
Net cash provided by (used in) investing activities
425
(104)
(98)
Net cash provided by (used in) financing activities
(3)
(324)
45
Net cash provided by (used in) operating activities
76
252
37
Free cash flow(1)
3
160
(73)
(1) See "Non-US GAAP Financial Measures" below.
Recent Highlights:
Announced the intended closure of the nylon 6,6 polymerization unit in Sakra, Singapore, alongside optimization of the nylon 6,6 polymer assets in North America. Through these actions, Celanese expects to reposition its nylon business to create a more competitive and resilient platform for the future, without compromising customer confidence, product quality, or the Company’s ability to innovate on its existing polymer production assets or existing specialty polymerization capability.
Reaffirmed the ongoing complementary actions across the Engineered Materials network, including advancing steps towards commencement of liquid crystal polymer-related operations in China, targeted upgrades of specialty compounds capability in Europe, introduction of new medical-grade compounding in Asia, and implementation of targeted product mix enhancements and localization in India.
Opened the expanded Michigan Technology Center, enabling earlier customer engagement, faster development cycles, and deeper integration of technology and application expertise to advance the Engineered Materials growth strategy.
Restarted the Frankfurt, Germany, VAM unit on an accelerated timeline, enhancing supply reliability to respond to customer's needs.
Initiated commissioning of a new VAE Emulsions reactor in Frankfurt, Germany, supporting cost reduction and incremental capacity while strengthening downstream integration and agility of the Acetyl Chain.
Advanced the turnaround of the POM facility in Frankfurt, Germany, with restart expected later in May.
Added Anne P. Noonan to the Company’s Board of Directors in April 2026. Ms. Noonan most recently served as president and chief executive officer of Summit Materials, Inc., and previously as president and chief executive officer of OMNOVA Solutions Inc. Earlier in her career, she spent 27 years at Chemtura Corporation in a variety of leadership roles. First Quarter Business Segment Overview
Engineered Materials
Engineered Materials reported first quarter net sales of $1.3 billion, a 4 percent sequential increase, consisting of 3 percent higher volume with no change in pricing and a modest currency benefit. Results were supported by seasonal volume improvement and favorable product and regional mix, partially offset by continued softness in certain end markets, particularly automotive in China. The business reported first quarter operating profit of $221 million, adjusted EBIT of $220 million, and operating EBITDA of $324 million, with margins of 17, 17, and 25 percent, respectively. Performance reflected continued execution of strategic initiatives focused on product and market segment positioning, improvements in pipeline quality and diversification, value-based pricing, and cost reduction, leading to favorable mix. During the quarter, the business advanced a series of structural actions under its Grow and Fortify strategy, such as the repositioning of the nylon portfolio and targeted network enhancements including liquid crystal polymers capabilities in Asia, specialty compounding in Europe, and medical-grade compounding in Asia. These actions strengthen the operational foundation in concert with business diversification and breadth into higher-growth end markets such as electronics, data center server componentry, medical devices, and electric vehicles.
Acetyl Chain
The Acetyl Chain reported first quarter net sales of $1.0 billion, a 10 percent sequential increase, consisting of increases of 8 percent in volume and 1 percent in price, with a small currency benefit. Results were supported by late‑quarter pricing and volume opportunities, primarily in China, partially offset by higher feedstock costs and continued softness in acetate tow. The business delivered first quarter operating profit of $95 million, adjusted EBIT of $131 million, and operating EBITDA of $194 million at margins of 9, 13, and 19 percent, respectively. Performance highlighted the agility of the globally integrated operating model, as the business responded swiftly through targeted pricing actions, proactive feedstock management, and dynamic network optimization. The business took multiple actions during the quarter, including the accelerated restart of the Frankfurt VAM unit, commissioning of the VAE reactor, and optimization of asset utilization across the U.S. and Asia. These actions enabled the Acetyl Chain to mitigate cost inflation, capture high value opportunities, and reinforce its position as a reliable supplier.
Cash Flow and Tax
Celanese reported first quarter operating cash flow of $76 million and free cash flow of $3 million. First quarter operating and free cash flow results reflected expected seasonal working capital timing effects and disciplined capital spending, along with changes in the timing of interest payments.
The effective U.S. GAAP income tax rate for the first quarter was 40 percent, which was higher compared to the same period in 2025, primarily due to increased forecasted earnings for the current year, changes in uncertain tax benefits related to prior year tax examinations, and difference in functional currencies for tax purposes in certain jurisdictions.
The effective tax rate for 2026 adjusted earnings was 8 percent for the first quarter. We anticipate this rate for the full year 2026 based on expected jurisdictional earnings mix for the full year and consideration of other non-recurring U.S. GAAP items.
Outlook
"We are uniquely positioned to create and capture opportunities, and as we move into the second quarter, we expect meaningful sequential improvement driven by stronger volumes and price increase realization in the Acetyl Chain, along with pricing improvements in Engineered Materials and seasonal demand across both businesses." continued Richardson. "Based on this, we expect second quarter adjusted earnings per share to be $2.00 to $2.40. We are currently estimating adjusted earnings per share of approximately $3.00 per share in the second half of 2026 as we continue to advance actions to enhance our commercial capabilities and cost structure."
“These actions are expected to strengthen earnings in 2026, meaningfully accelerate deleveraging, and bring our net debt to operating EBITDA ratio into the vicinity of 4.8x. Across market cycles, execution of our priorities positions Celanese for stronger resilience and more sustainable long‑term performance,” Richardson concluded.
Reconciliations of forecasted non-GAAP measures such as adjusted earnings per share, adjusted EBIT, operating EBITDA or free cash flow to the equivalent U.S. GAAP measures (diluted earnings per share, net earnings (loss) attributable to Celanese Corporation and net cash provided by (used in) operations, respectively), are not available without unreasonable efforts because a forecast of Certain Items, such as mark-to-market pension gains/losses, and other items is not practical. For more information, see "Non-GAAP Financial Measures" below.
The Company's prepared remarks related to the first quarter will be posted on its website at investors.celanese.com under Financial Information/Financial Document Library on May 5, 2026. Information about Non-US GAAP measures is included in a Non-US GAAP Financial Measures and Supplemental Information document posted on our investor relations website under Financial Information/Non-GAAP Financial Measures. See also "Non-GAAP Financial Measures" below.
Celanese Corporation is a global leader in chemistry, producing specialty material solutions used across most major industries and consumer applications. Our businesses use our chemistry, technology and commercial expertise to create value for our customers, employees and shareholders. We support sustainability by responsibly managing the materials we create and growing our portfolio of sustainable products to meet customer and societal demand. We strive to make a positive impact in our communities and to foster inclusivity across our teams. Celanese Corporation is a Fortune 500 company that employs more than 11,000 employees worldwide with 2025 net sales of $9.5 billion.
Forward-Looking Statements
This release may contain "forward-looking statements," which include information concerning the Company's plans, objectives, goals, strategies, future revenues, cash flow, financial performance, synergies, capital expenditures, deleveraging efforts, planned cost reductions, dividend policy, financing needs and other information that is not historical information. All forward-looking statements are based upon current expectations and beliefs and various assumptions. There can be no assurance that the Company will realize these expectations or that these beliefs will prove correct. There are a number of risks and uncertainties that could cause actual results to differ materially from the results expressed or implied in the forward-looking statements contained in this release. These risks and uncertainties include, among other things: the ability to successfully achieve planned cost reductions; changes in general economic, business, political and regulatory conditions in the countries or regions in which we operate; the length and depth of product and industry business cycles, particularly in the automotive, electrical, textiles, electronics and construction industries; potential liability resulting from pending or future claims or litigation, including investigations or enforcement actions, or from changes in the laws, regulations or policies of governments or other governmental activities, in the countries in which we operate; our level of indebtedness and our financial condition, each of which could diminish our ability to raise additional capital to fund operations, reduce our business and strategic flexibility, increase our interest expense, limit the success of our deleveraging efforts, and impact changes to our credit ratings, which could increase our interest expense in the event of additional downgrades; volatility or changes in the price and availability of raw materials and energy, particularly changes in the demand for, supply of, and market prices of ethylene, methanol, natural gas, carbon monoxide, wood pulp, hexamethylene diamine, Polyamide 66 ("PA66"), polybutylene terephthalate, ethanol, natural gas and fuel oil, and the prices for electricity and other energy sources; the ability to pass increases in raw materials prices, logistics costs and other costs on to customers or otherwise improve margins through price increases; the possibility that we will not be able to realize the anticipated benefits of the Mobility & Materials business (the "M&M Business") we acquired from DuPont de Nemours, Inc. (the "M&M Acquisition"), including synergies and growth opportunities, whether as a result of difficulties arising from the operation of the M&M Business or other unanticipated delays, costs, inefficiencies or liabilities; additional impairment of goodwill or intangible assets; increased commercial, legal or regulatory complexity of entering into, or expanding our exposure to, certain end markets and geographies; risks in the global economy and equity and credit markets and their potential impact on our ability to pay down debt in the future and/or refinance at suitable rates, in a timely manner, or at all; the ability to maintain plant utilization rates and to implement planned capacity additions, expansions and maintenance; the ability to reduce or maintain current levels of production costs and to improve productivity by implementing technological improvements to existing plants; increased price competition and the introduction of competing products by other companies; the ability to identify desirable potential acquisition or divestiture opportunities and to complete such transactions, including obtaining regulatory approvals, consistent with the Company's strategy; market acceptance of our products and technology; compliance and other costs and potential disruption or interruption of production or operations due to accidents, interruptions in sources of raw materials, transportation, logistics or supply chain disruptions, cybersecurity incidents, AI-related vulnerabilities, terrorism or political unrest, public health crises, or other unforeseen events or delays in construction or operation of facilities, including as a result of geopolitical conditions, the direct or indirect consequences of acts of war or conflict (such as the Russia-Ukraine conflict or conflicts in the Middle East) or terrorist incidents or as a result of fire, flood, hurricanes, other severe weather, natural disasters, other catastrophic events, or other crises; the ability to obtain governmental approvals and to construct facilities on terms and schedules acceptable to the Company; changes in applicable tariffs, duties, treaties and trade agreements, tax rates or legislation throughout the world including, but not limited to, anti-dumping and countervailing duties, adjustments, changes in estimates or interpretations or the resolution of tax examinations or audits that may impact recorded or future tax impacts and potential regulatory and legislative tax developments in the United States and other jurisdictions; changes in the degree of intellectual property and other legal protection afforded to our products or technologies, or the theft of such intellectual property; potential liability for remedial actions and increased costs under existing or future environmental, health and safety regulations, including those relating to climate change or other sustainability matters; changes in currency exchange rates and interest rates; tax rates and changes thereto; and various other factors discussed from time to time in the Company's filings with the Securities and Exchange Commission.
Any forward-looking statement speaks only as of the date on which it is made, and the Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which it is made or to reflect the occurrence of anticipated or unanticipated events or circumstances.
Non-GAAP Financial Measures
Presentation
This document presents the Company's two business segments, Engineered Materials and the Acetyl Chain.
Use of Non-US GAAP Financial Information
This release uses the following Non-US GAAP measures: adjusted EBIT, adjusted EBIT margin, operating EBITDA, operating EBITDA margin, adjusted earnings per share and free cash flow. These measures are not recognized in accordance with US GAAP and should not be viewed as an alternative to US GAAP measures of performance or liquidity. The most directly comparable financial measure presented in accordance with US GAAP in our consolidated financial statements for adjusted EBIT and operating EBITDA is net earnings (loss) attributable to Celanese Corporation; for adjusted EBIT margin is operating margin; for operating EBITDA margin is operating margin; for adjusted earnings per share is earnings (loss) from continuing operations attributable to Celanese Corporation per common share-diluted; and for free cash flow is net cash provided by (used in) operations.
Definitions of Non-US GAAP Financial Measures
Adjusted EBIT is a performance measure used by the Company and is defined by the Company as net earnings (loss) attributable to Celanese Corporation, plus (earnings) loss from discontinued operations, less interest income, plus interest expense, plus refinancing expense and taxes, and further adjusted for Certain Items (refer to Table 8 of our Non-US GAAP Financial Measures and Supplemental Information document). We do not provide reconciliations for adjusted EBIT on a forward-looking basis (including those contained in this document) when we are unable to provide a meaningful or accurate calculation or estimation of reconciling items and the information is not available without unreasonable effort. This is due to the inherent difficulty of forecasting the timing and amount of Certain Items, such as mark-to-market pension gains and losses, that have not yet occurred, are out of our control and/or cannot be reasonably predicted. For the same reasons, we are unable to address the probable significance of the unavailable information. Adjusted EBIT margin is defined by the Company as adjusted EBIT divided by net sales.
Operating EBITDA is a performance measure used by the Company and is defined by the Company as net earnings (loss) attributable to Celanese Corporation, plus (earnings) loss from discontinued operations, less interest income, plus interest expense, plus refinancing expense, taxes and depreciation and amortization, and further adjusted for Certain Items, which Certain Items include accelerated depreciation and amortization expense. Operating EBITDA is equal to adjusted EBIT plus depreciation and amortization. We do not provide reconciliations for operating EBITDA on a forward-looking basis (including those contained in this document) when we are unable to provide a meaningful or accurate calculation or estimation of reconciling items and the information is not available without unreasonable effort. This is due to the inherent difficulty of forecasting the timing and amount of Certain Items, such as mark-to-market pension gains and losses, that have not yet occurred, are out of our control and/or cannot be reasonably predicted. For the same reasons, we are unable to address the probable significance of the unavailable information. Operating EBITDA margin is defined by the Company as operating EBITDA divided by net sales.
Adjusted earnings per share is a performance measure used by the Company and is defined by the Company as earnings (loss) from continuing operations attributable to Celanese Corporation, adjusted for income tax (provision) benefit, Certain Items, and refinancing and related expenses, divided by the number of basic common shares and dilutive restricted stock units and stock options calculated using the treasury method. We do not provide reconciliations for adjusted earnings per share on a forward-looking basis (including those contained in this document) when we are unable to provide a meaningful or accurate calculation or estimation of reconciling items and the information is not available without unreasonable effort. This is due to the inherent difficulty of forecasting the timing and amount of Certain Items, such as mark-to-market pension gains and losses, that have not yet occurred, are out of our control and/or cannot be reasonably predicted. For the same reasons, we are unable to address the probable significance of the unavailable information.
Note: The income tax expense (benefit) on Certain Items ("Non-GAAP adjustments") is determined using the applicable rates in the taxing jurisdictions in which the Non-GAAP adjustments occurred and includes both current and deferred income tax expense (benefit). The income tax rate used for adjusted earnings per share approximates the midpoint in a range of forecasted tax rates for the year. This range may include certain partial or full-year forecasted tax opportunities and related costs, where applicable, and specifically excludes changes in uncertain tax positions, discrete recognition of GAAP items on a quarterly basis, other pre-tax items adjusted out of our GAAP earnings for adjusted earnings per share purposes and changes in management's assessments regarding the ability to realize deferred tax assets for GAAP. In determining the adjusted earnings per share tax rate, we reflect the impact of foreign tax credits when utilized, or expected to be utilized, absent discrete events impacting the timing of foreign tax credit utilization. We analyze this rate quarterly and adjust it if there is a material change in the range of forecasted tax rates; an updated forecast would not necessarily result in a change to our tax rate used for adjusted earnings per share. The adjusted tax rate is an estimate and may differ from the actual tax rate used for GAAP reporting in any given reporting period. Table 3a of our Non-US GAAP Financial Measures and Supplemental Information document summarizes the reconciliation of our estimated GAAP effective tax rate to the adjusted tax rate. The estimated GAAP rate excludes discrete recognition of GAAP items due to our inability to forecast such items. As part of the year-end reconciliation, we will update the reconciliation of the GAAP effective tax rate to the adjusted tax rate for actual results.
Free cash flow is a liquidity measure used by the Company and is defined by the Company as net cash provided by (used in) operations, less capital expenditures on property, plant and equipment, and adjusted for contributions from or distributions to our noncontrolling interest joint ventures. We do not provide reconciliations for free cash flow on a forward-looking basis (including those contained in this document) when we are unable to provide a meaningful or accurate calculation or estimation of reconciling items and the information is not available without unreasonable effort. This is due to the inherent difficulty of forecasting the timing and amount of items such as working capital changes, fluctuations in foreign currency exchange rates, the impact and timing of potential acquisitions and divestitures, and other structural changes, that have not yet occurred, are out of our control and/or cannot be reasonably predicted. For the same reasons, we are unable to address the probable significance of the unavailable information. Reconciliation of Non-US GAAP Financial Measures
Reconciliations of the Non-US GAAP financial measures used in this press release to the comparable US GAAP financial measure, together with information about the purposes and uses of Non-US GAAP financial measures, are included in our Non-US GAAP Financial Measures and Supplemental Information document filed as an exhibit to our Current Report on Form 8-K filed with the SEC on or about May 5, 2026 and also available on our website at investors.celanese.com under Financial Information/Financial Document Library.
Results Unaudited
The results in this document, together with the adjustments made to present the results on a comparable basis, have not been audited and are based on internal financial data furnished to management. Quarterly results should not be taken as an indication of the results of operations to be reported for any subsequent period or for the full fiscal year.
Certain prior period amounts have been revised to correct for certain prior period immaterial errors. See Note 1 to our Quarterly Report on Form 10-Q for the quarterly period ending March 31, 2026.
Supplemental Information
Additional information about our prior period performance is included in our Quarterly Reports on Form 10-Q and in our Non-US GAAP Financial Measures and Supplemental Information document.
Consolidated Statements of Operations - Unaudited
Three Months Ended
March 31,
2026
December 31,
2025
March 31,
2025
(In $ millions, except share and per share data)
Net sales
2,337
2,204
2,389
Cost of sales
(1,869)
(1,781)
(1,915)
Gross profit
468
423
474
Selling, general and administrative expenses
(226)
(223)
(231)
Amortization of intangible assets
(40)
(40)
(40)
Research and development expenses
(28)
(32)
(31)
Other (charges) gains, net
(20)
(39)
(31)
Foreign exchange gain (loss), net
12
7
21
Gain (loss) on disposition of businesses and assets, net
48
(3)
3
Operating profit (loss)
214
93
165
Equity in net earnings (loss) of affiliates
35
37
22
Non-operating pension and other postretirement employee benefit (expense) income
5
50
2
Interest expense
(183)
(177)
(170)
Refinancing expense
—
(36)
(32)
Interest income
9
6
4
Dividend income - equity investments
1
40
1
Other income (expense), net
1
—
2
Earnings (loss) from continuing operations before tax
82
13
(6)
Income tax (provision) benefit
(33)
15
(9)
Earnings (loss) from continuing operations
49
28
(15)
Earnings (loss) from operation of discontinued operations
(1)
(8)
(6)
Income tax (provision) benefit from discontinued operations
—
2
1
Earnings (loss) from discontinued operations
(1)
(6)
(5)
Net earnings (loss)
48
22
(20)
Net (earnings) loss attributable to noncontrolling interests
(4)
(3)
(4)
Net earnings (loss) attributable to Celanese Corporation
44
19
(24)
Amounts attributable to Celanese Corporation
Earnings (loss) from continuing operations
45
25
(19)
Earnings (loss) from discontinued operations
(1)
(6)
(5)
Net earnings (loss)
44
19
(24)
Earnings (loss) per common share - basic
Continuing operations
0.41
0.23
(0.17)
Discontinued operations
(0.01)
(0.06)
(0.05)
Net earnings (loss) - basic
0.40
0.17
(0.22)
Earnings (loss) per common share - diluted
Continuing operations
0.41
0.23
(0.17)
Discontinued operations
(0.01)
(0.06)
(0.05)
Net earnings (loss) - diluted
0.40
0.17
(0.22)
Weighted average shares (in millions)
Basic
109.7
109.6
109.4
Diluted
110.0
109.8
109.4
Consolidated Balance Sheets - Unaudited
As of
March 31,
2026
As of
December 31,
2025
(In $ millions)
ASSETS
Current Assets
Cash and cash equivalents
1,758
1,263
Trade receivables - third party and affiliates, net
1,097
922
Non-trade receivables, net
583
545
Inventories
2,284
2,220
Assets held for sale
—
492
Other assets
247
251
Total current assets
5,969
5,693
Investments in affiliates
1,227
1,252
Property, plant and equipment, net
4,938
5,076
Operating lease right-of-use assets
376
359
Deferred income taxes
1,341
1,359
Other assets
608
601
Goodwill
4,157
4,171
Intangible assets, net
3,119
3,184
Total assets
21,735
21,695
LIABILITIES AND EQUITY
Current Liabilities
Short-term borrowings and current installments of long-term debt - third party and affiliates
1,741
1,204
Trade payables - third party and affiliates
1,441
1,279
Liabilities held for sale
—
75
Other liabilities
1,040
1,049
Income taxes payable
94
76
Total current liabilities
4,316
3,683
Long-term debt, net of unamortized deferred financing costs
10,813
11,394
Deferred income taxes
512
512
Uncertain tax positions
225
208
Benefit obligations
332
344
Operating lease liabilities
275
265
Other liabilities
777
817
Commitments and Contingencies
Shareholders' Equity
Treasury stock, at cost
(5,482)
(5,482)
Additional paid-in capital
439
431
Retained earnings
9,917
9,876
Accumulated other comprehensive income (loss), net
(811)
(776)
Total Celanese Corporation shareholders' equity
4,063
4,049
Noncontrolling interests
422
423
Total equity
4,485
4,472
Total liabilities and equity
21,735
21,695
Non-U.S. GAAP Financial Measures and Supplemental Information
May 5, 2026
In this document, the terms the "Company," "we" and "our" refer to Celanese Corporation and its subsidiaries on a consolidated basis.
Purpose
The purpose of this document is to provide information of interest to investors, analysts and other parties including supplemental financial information and reconciliations and other information concerning our use of non-U.S. GAAP financial measures. This document is updated quarterly.
Presentation
This document presents the Company's two business segments, Engineered Materials and the Acetyl Chain.
Use of Non-U.S. GAAP Financial Measures
From time to time, management may publicly disclose certain numerical "non-GAAP financial measures" in the course of our earnings releases, financial presentations, earnings conference calls, investor and analyst meetings and otherwise. For these purposes, the Securities and Exchange Commission ("SEC") defines a "non-GAAP financial measure" as a numerical measure of historical or future financial performance, financial position or cash flows that excludes amounts, or is subject to adjustments that effectively exclude amounts, included in the most directly comparable measure calculated and presented in accordance with U.S. GAAP, and vice versa for measures that include amounts, or are subject to adjustments that effectively include amounts, that are excluded from the most directly comparable U.S. GAAP measure so calculated and presented. For these purposes, "GAAP" refers to generally accepted accounting principles in the United States.
Non-GAAP financial measures disclosed by management are provided as additional information to investors, analysts and other parties because the Company believes them to be important supplemental measures for assessing our financial and operating results and as a means to evaluate our financial condition and period-to-period comparisons. These non-GAAP financial measures should be viewed as supplemental to, and should not be considered in isolation or as alternatives to, net earnings (loss), operating profit (loss), operating margin, cash flow from operating activities (together with cash flow from investing and financing activities), earnings per share or any other U.S. GAAP financial measure. These non-GAAP financial measures should be considered within the context of our complete audited and unaudited financial results for the given period, which are available on the Financial Information/Financial Document Library page of our website, investors.celanese.com. The definition and method of calculation of the non-GAAP financial measures used herein may be different from other companies' methods for calculating measures with the same or similar titles. Investors, analysts and other parties should understand how another company calculates such non-GAAP financial measures before comparing the other company's non-GAAP financial measures to any of our own. These non-GAAP financial measures may not be indicative of the historical operating results of the Company nor are they intended to be predictive or projections of future results.
Pursuant to the requirements of SEC Regulation G, whenever we refer to a non-GAAP financial measure, we will also present in this document, in the presentation itself or on a Form 8-K in connection with the presentation on the Financial Information/Financial Document Library page of our website, investors.celanese.com, to the extent practicable, the most directly comparable financial measure calculated and presented in accordance with GAAP, along with a reconciliation of the differences between the non-GAAP financial measure we reference and such comparable GAAP financial measure.
This document includes definitions and reconciliations of non-GAAP financial measures used from time to time by the Company.
Specific Measures Used
This document provides information about the following non-GAAP measures: adjusted EBIT, adjusted EBIT margin, operating EBITDA, operating EBITDA margin, operating profit (loss) attributable to Celanese Corporation, adjusted earnings per share, net debt, free cash flow and return on invested capital (adjusted). The most directly comparable financial measure presented in accordance with U.S. GAAP in our consolidated financial statements for adjusted EBIT and operating EBITDA is net earnings (loss) attributable to Celanese Corporation; for adjusted EBIT margin and operating EBITDA margin is operating margin; for operating profit (loss) attributable to Celanese Corporation is operating profit (loss); for adjusted earnings per share is earnings (loss) from continuing operations attributable to Celanese Corporation per common share-diluted; for net debt is total debt; for free cash flow is net cash provided by (used in) operations; and for return on invested capital (adjusted) is net earnings (loss) attributable to Celanese Corporation divided by the sum of the average of beginning and end of the year short- and long-term debt and Celanese Corporation shareholders' equity.
Definitions
Adjusted EBIT is a performance measure used by the Company and is defined by the Company as net earnings (loss) attributable to Celanese Corporation, plus (earnings) loss from discontinued operations, less interest income, plus interest expense, plus refinancing expense and taxes, and further adjusted for Certain Items (refer to Table 8). We believe that adjusted EBIT provides transparent and useful information to management, investors, analysts and other parties in evaluating and assessing our primary operating results from period-to-period after removing the impact of unusual, non-operational or restructuring-related activities that affect comparability. Our management recognizes that adjusted EBIT has inherent limitations because of the excluded items. Adjusted EBIT is one of the measures management uses for planning and budgeting, monitoring and evaluating financial and operating results and as a performance metric in the Company's incentive compensation plan. We do not provide reconciliations for adjusted EBIT on a forward-looking basis (including those contained in this document) when we are unable to provide a meaningful or accurate calculation or estimation of reconciling items and the information is not available without unreasonable effort. This is due to the inherent difficulty of forecasting the timing and amount of Certain Items, such as mark-to-market pension gains and losses, that have not yet occurred, are out of our control and/or cannot be reasonably predicted. For the same reasons, we are unable to address the probable significance of the unavailable information. Adjusted EBIT margin is defined by the Company as adjusted EBIT divided by net sales. Adjusted EBIT margin has the same uses and limitations as adjusted EBIT.
Operating EBITDA is a performance measure used by the Company and is defined by the Company as net earnings (loss) attributable to Celanese Corporation, plus (earnings) loss from discontinued operations, less interest income, plus interest expense, plus refinancing expense, taxes and depreciation and amortization, and further adjusted for Certain Items, which Certain Items include accelerated depreciation and amortization expense. Operating EBITDA is equal to adjusted EBIT plus depreciation and amortization. We believe that operating EBITDA provides transparent and useful information to investors, analysts and other parties in evaluating our operating performance relative to our peer companies. We do not provide reconciliations for operating EBITDA on a forward-looking basis (including those contained in this document) when we are unable to provide a meaningful or accurate calculation or estimation of reconciling items and the information is not available without unreasonable effort. This is due to the inherent difficulty of forecasting the timing and amount of Certain Items, such as mark-to-market pension gains and losses, that have not yet occurred, are out of our control and/or cannot be reasonably predicted. For the same reasons, we are unable to address the probable significance of the unavailable information. Operating EBITDA margin is defined by the Company as operating EBITDA divided by net sales. Operating EBITDA margin has the same uses and limitations as operating EBITDA.
Operating profit (loss) attributable to Celanese Corporation is defined by the Company as operating profit (loss), less earnings (loss) attributable to noncontrolling interests ("NCI"). We believe that operating profit (loss) attributable to Celanese Corporation provides transparent and useful information to management, investors, analysts and other parties in evaluating our core operational performance. Operating margin attributable to Celanese Corporation is defined by the Company as operating profit (loss) attributable to Celanese Corporation divided by net sales. Operating margin attributable to Celanese Corporation has the same uses and limitations as operating profit (loss) attributable to Celanese Corporation.
Adjusted earnings per share is a performance measure used by the Company and is defined by the Company as earnings (loss) from continuing operations attributable to Celanese Corporation, adjusted for income tax (provision) benefit, Certain Items, and refinancing and related expenses, divided by the number of basic common shares and dilutive restricted stock units and stock options calculated using the treasury method. We believe that adjusted earnings per share provides transparent and useful information to management, investors, analysts and other parties in evaluating and assessing our primary operating results from period-to-period after removing the impact of the above stated items that affect comparability and as a performance metric in the Company's incentive compensation plan. We do not provide reconciliations for adjusted earnings per share on a forward-looking basis (including those contained in this document) when we are unable to provide a meaningful or accurate calculation or estimation of reconciling items and the information is not available without unreasonable effort. This is due to the inherent difficulty of forecasting the timing and amount of Certain Items, such as mark-to-market pension gains and losses, that have not yet occurred, are out of our control and/or cannot be reasonably predicted. For the same reasons, we are unable to address the probable significance of the unavailable information. Note: The income tax expense (benefit) on Certain Items ("Non-GAAP adjustments") is determined using the applicable rates in the taxing jurisdictions in which the Non-GAAP adjustments occurred and includes both current and deferred income tax expense (benefit). The income tax rate used for adjusted earnings per share approximates the midpoint in a range of forecasted tax rates for the year. This range may include certain partial or full-year forecasted tax opportunities and related costs, where applicable, and specifically excludes changes in uncertain tax positions, discrete recognition of GAAP items on a quarterly basis, other pre-tax items adjusted out of our GAAP earnings for adjusted earnings per share purposes and changes in management's assessments regarding the ability to realize deferred tax assets for GAAP. In determining the adjusted earnings per share tax rate, we reflect the impact of foreign tax credits when utilized, or expected to be utilized, absent discrete events impacting the timing of foreign tax credit utilization. We analyze this rate quarterly and adjust it if there is a material change in the range of forecasted tax rates; an updated forecast would not necessarily result in a change to our tax rate used for adjusted earnings per share. The adjusted tax rate is an estimate and may differ from the actual tax rate used for GAAP reporting in any given reporting period. Table 3a summarizes the reconciliation of our estimated GAAP effective tax rate to the adjusted tax rate. The estimated GAAP rate excludes discrete recognition of GAAP items due to our inability to forecast such items. As part of the year-end reconciliation, we will update the reconciliation of the GAAP effective tax rate to the adjusted tax rate for actual results. Free cash flow is a liquidity measure used by the Company and is defined by the Company as net cash provided by (used in) operations, less capital expenditures on property, plant and equipment, and adjusted for contributions from or distributions to our NCI joint ventures. We believe that free cash flow provides useful information to management, investors, analysts and other parties in evaluating the Company's liquidity and credit quality assessment because it provides an indication of the long-term cash generating ability of our business. Although we use free cash flow as a measure to assess the liquidity generated by our business, the use of free cash flow has important limitations, including that free cash flow does not reflect the cash requirements necessary to service our indebtedness, lease obligations, unconditional purchase obligations or pension and postretirement funding obligations. Free cash flow is not a measure of cash available for discretionary expenditures since the Company has certain debt service and finance lease payments that are not deducted from that measure. We do not provide reconciliations for free cash flow on a forward-looking basis when we are unable to provide a meaningful or accurate calculation or estimation of reconciling items and the information is not available without unreasonable effort. This is due to the inherent difficulty of forecasting the timing and amount of items such as working capital changes, fluctuations in foreign currency exchange rates, the impact and timing of potential acquisitions and divestitures, and other structural changes, that have not yet occurred, are out of our control and/or cannot be reasonably predicted. For the same reasons, we are unable to address the probable significance of the unavailable information.
Net debt is defined by the Company as total debt less cash and cash equivalents. We believe that net debt provides useful information to management, investors, analysts and other parties in evaluating changes to the Company's capital structure and credit quality assessment.
Return on invested capital (adjusted) is defined by the Company as adjusted EBIT, tax effected using the adjusted tax rate, divided by the sum of the average of beginning and end of the year short- and long-term debt and Celanese Corporation shareholders' equity. We believe that return on invested capital (adjusted) provides useful information to management, investors, analysts and other parties in order to assess our income generation from the point of view of our shareholders and creditors who provide us with capital in the form of equity and debt and whether capital invested in the Company yields competitive returns. Supplemental Information
Supplemental Information we believe to be of interest to investors, analysts and other parties includes the following:
Net sales for each of our business segments and the percentage increase or decrease in net sales attributable to price, volume, currency and other factors for each of our business segments. Cash dividends received from our equity investments. For those consolidated ventures in which the Company owns or is exposed to less than 100% of the economics, the outside shareholders' interests are shown as NCI. Amounts referred to as "attributable to Celanese Corporation" are net of any applicable NCI. Results Unaudited
The results in this document, together with the adjustments made to present the results on a comparable basis, have not been audited and are based on internal financial data furnished to management. Quarterly results should not be taken as an indication of the results of operations to be reported for any subsequent period or for the full fiscal year.
Certain prior period amounts have been revised to correct for certain prior period immaterial errors. See Note 1 to our Quarterly Report on Form 10-Q for the quarterly period ending March 31, 2026.
Table 1
Adjusted EBIT and Operating EBITDA - Reconciliation of Non-GAAP Measures - Unaudited
Q1 '26
2025
Q4 '25
Q3 '25
Q2 '25
Q1 '25
(In $ millions)
Net earnings (loss) attributable to Celanese Corporation
44
(1,165
)
19
(1,357
)
197
(24
)
(Earnings) loss from discontinued operations
1
21
6
—
10
5
Interest income
(9
)
(24
)
(6
)
(7
)
(7
)
(4
)
Interest expense
183
701
177
177
177
170
Refinancing expense
—
68
36
—
—
32
Income tax provision (benefit)
33
(90
)
(15
)
(7
)
(77
)
9
Certain Items attributable to Celanese Corporation (Table 8)
23
1,639
34
1,520
42
43
Adjusted EBIT
275
1,150
251
326
342
231
Depreciation and amortization expense(1)
180
743
184
191
188
180
Operating EBITDA
455
1,893
435
517
530
411
Q1 '26
2025
Q4 '25
Q3 '25
Q2 '25
Q1 '25
(In $ millions)
Engineered Materials
3
6
1
3
2
—
Acetyl Chain
18
11
11
—
—
—
Other Activities(2)
—
—
—
—
—
—
Accelerated depreciation and amortization expense
21
17
12
3
2
—
Depreciation and amortization expense(1)
180
743
184
191
188
180
Total depreciation and amortization expense
201
760
196
194
190
180
Table 2
Supplemental Segment Data and Reconciliation of Segment Adjusted EBIT and Operating EBITDA - Non-GAAP Measures - Unaudited
Q1 '26
2025
Q4 '25
Q3 '25
Q2 '25
Q1 '25
(In $ millions, except percentages)
Operating Profit (Loss) / Operating Margin
Engineered Materials
221
16.7
%
(958
)
(17.8
)%
111
8.7
%
(1,327
)
(95.9
)%
164
11.4
%
94
7.3
%
Acetyl Chain
95
9.2
%
539
12.7
%
90
9.6
%
135
12.7
%
153
13.7
%
161
14.4
%
Other Activities(1)
(102
)
(367
)
(108
)
(83
)
(86
)
(90
)
Total
214
9.2
%
(786
)
(8.2
)%
93
4.2
%
(1,275
)
(52.7
)%
231
9.1
%
165
6.9
%
Less: Net Earnings (Loss) Attributable to NCI for Engineered Materials
2
6
—
3
1
2
Less: Net Earnings (Loss) Attributable to NCI for Acetyl Chain
2
8
3
1
2
2
Operating Profit (Loss) Attributable to Celanese Corporation
210
9.0
%
(800
)
(8.4
)%
90
4.1
%
(1,279
)
(52.9
)%
228
9.0
%
161
6.7
%
Operating Profit (Loss) / Operating Margin Attributable to Celanese Corporation
Engineered Materials
219
16.5
%
(964
)
(17.9
)%
111
8.7
%
(1,330
)
(96.1
)%
163
11.3
%
92
7.1
%
Acetyl Chain
93
9.0
%
531
12.5
%
87
9.3
%
134
12.6
%
151
13.5
%
159
14.2
%
Other Activities(1)
(102
)
(367
)
(108
)
(83
)
(86
)
(90
)
Total
210
9.0
%
(800
)
(8.4
)%
90
4.1
%
(1,279
)
(52.9
)%
228
9.0
%
161
6.7
%
Equity Earnings and Dividend Income, Other Income (Expense) Attributable to Celanese Corporation
Engineered Materials
32
109
32
35
25
17
Acetyl Chain
2
132
42
44
43
3
Other Activities(1)
3
15
3
4
3
5
Total
37
256
77
83
71
25
Non-Operating Pension and Other Post-Retirement Employee Benefit (Expense) Income Attributable to Celanese Corporation
Engineered Materials
—
3
3
—
—
—
Acetyl Chain
—
—
—
—
—
—
Other Activities(1)
5
52
47
2
1
2
Total
5
55
50
2
1
2
Certain Items Attributable to Celanese Corporation (Table 8)
Engineered Materials
(31
)
1,572
37
1,495
25
15
Acetyl Chain
36
32
17
9
1
5
Other Activities(1)
18
35
(20
)
16
16
23
Total
23
1,639
34
1,520
42
43
Adjusted EBIT / Adjusted EBIT Margin
Engineered Materials
220
16.6
%
720
13.4
%
183
14.3
%
200
14.5
%
213
14.8
%
124
9.6
%
Acetyl Chain
131
12.6
%
695
16.4
%
146
15.5
%
187
17.6
%
195
17.5
%
167
15.0
%
Other Activities(1)
(76
)
(265
)
(78
)
(61
)
(66
)
(60
)
Total
275
11.8
%
1,150
12.0
%
251
11.4
%
326
13.5
%
342
13.5
%
231
9.7
%
Table 2
Supplemental Segment Data and Reconciliation of Segment Adjusted EBIT and Operating EBITDA - Non-GAAP Measures - Unaudited (cont.)
Q1 '26
2025
Q4 '25
Q3 '25
Q2 '25
Q1 '25
(In $ millions, except percentages)
Depreciation and Amortization Expense(1)
Engineered Materials
104
441
105
115
112
109
Acetyl Chain
63
252
64
63
64
61
Other Activities(2)
13
50
15
13
12
10
Total
180
743
184
191
188
180
Operating EBITDA / Operating EBITDA Margin
Engineered Materials
324
24.5
%
1,161
21.5
%
288
22.6
%
315
22.8
%
325
22.5
%
233
18.1
%
Acetyl Chain
194
18.7
%
947
22.4
%
210
22.3
%
250
23.6
%
259
23.2
%
228
20.4
%
Other Activities(2)
(63
)
(215
)
(63
)
(48
)
(54
)
(50
)
Total
455
19.5
%
1,893
19.8
%
435
19.7
%
517
21.4
%
530
20.9
%
411
17.2
%
Table 3
Adjusted Earnings (Loss) per Share - Reconciliation of a Non-GAAP Measure - Unaudited
Q1 '26
2025
Q4 '25
Q3 '25
Q2 '25
Q1 '25
per
share
per
share
per
share
per
share
per
share
per
share
(In $ millions, except per share data)
Earnings (loss) from continuing operations attributable to Celanese Corporation
45
0.41
(1,144
)
(10.44
)
25
0.23
(1,357
)
(12.39
)
207
1.89
(19
)
(0.17
)
Income tax provision (benefit)
33
(90
)
(15
)
(7
)
(77
)
9
Earnings (loss) from continuing operations before tax
78
(1,234
)
10
(1,364
)
130
(10
)
Certain Items attributable to Celanese Corporation (Table 8)
23
1,639
34
1,520
42
43
Refinancing and related expenses
—
68
36
—
—
32
Adjusted earnings (loss) from continuing operations before tax
101
473
80
156
172
65
Income tax (provision) benefit on adjusted earnings(1)
(8
)
(36
)
(6
)
(9
)
(15
)
(6
)
Adjusted earnings (loss) from continuing operations(2)
93
0.85
437
3.98
74
0.67
147
1.34
157
1.43
59
0.54
Diluted shares (in millions)(3)
Weighted average shares outstanding
109.7
109.5
109.6
109.6
109.5
109.4
Incremental shares attributable to equity awards
0.3
0.2
0.2
—
0.2
—
Total diluted shares
110.0
109.7
109.8
109.6
109.7
109.4
Q1 '26
2025
Q4 '25
Q3 '25
Q2 '25
Q1 '25
Adjusted effective tax rate
8
8
8
6
9
9
Actual Plan
Asset Returns
Expected Plan
Asset Returns
(In percentages)
2025
7.8
5.3
Table 3a
Adjusted Tax Rate - Reconciliation of a Non-GAAP Measure - Unaudited
Estimated
Actual
2026
2025
(In percentages)
U.S. GAAP annual effective tax rate
16
7
Discrete quarterly recognition of GAAP items(1)
(6
)
17
Tax impact of other charges and adjustments(2)
1
(12
)
Utilization of foreign tax credits
(1
)
—
Changes in valuation allowances, excluding impact of other charges and adjustments(3)
(3
)
(12
)
Other, includes effect of discrete current year transactions(4)
1
8
Adjusted tax rate
8
8
______________________________
Note: As part of the year-end reconciliation, we will update the reconciliation of the GAAP effective tax rate for actual results.
(1)
Such as changes in tax laws (including U.S. tax reform), deferred taxes on outside basis differences, changes in uncertain tax positions and prior year audit adjustments.
(2)
Reflects the tax impact on pre-tax adjustments presented in Certain Items (Table 8), which are excluded from pre-tax income for adjusted earnings per share purposes.
(3)
Reflects changes in valuation allowances related to changes in judgment regarding the realizability of deferred tax assets or current year operations, excluding other charges and adjustments.
(4)
Includes tax impacts related to full-year actual tax opportunities and related costs, as well as current year realization of U.S. GAAP benefits deferred in prior years.
Table 4
Net Sales by Segment - Unaudited
Q1 '26
2025
Q4 '25
Q3 '25
Q2 '25
Q1 '25
(In $ millions)
Engineered Materials
1,325
5,390
1,277
1,384
1,442
1,287
Acetyl Chain
1,036
4,232
940
1,061
1,115
1,116
Intersegment eliminations(1)
(24
)
(78
)
(13
)
(26
)
(25
)
(14
)
Net sales
2,337
9,544
2,204
2,419
2,532
2,389
Table 4a
Factors Affecting Segment Net Sales Sequentially - Unaudited
Three Months Ended March 31, 2026 Compared to Three Months Ended December 31, 2025
Volume
Price
Currency
Total
(In percentages)
Engineered Materials
3
—
1
4
Acetyl Chain
8
1
1
10
Total Company
5
—
1
6
Three Months Ended December 31, 2025 Compared to Three Months Ended September 30, 2025
Volume
Price
Currency
Total
(In percentages)
Engineered Materials
(6
)
(2
)
—
(8
)
Acetyl Chain
(10
)
(1
)
—
(11
)
Total Company
(7
)
(2
)
—
(9
)
Three Months Ended September 30, 2025 Compared to Three Months Ended June 30, 2025
Volume
Price
Currency
Total
(In percentages)
Engineered Materials
(6
)
1
1
(4
)
Acetyl Chain
(2
)
(4
)
1
(5
)
Total Company
(4
)
(1
)
1
(4
)
Three Months Ended June 30, 2025 Compared to Three Months Ended March 31, 2025
Volume
Price
Currency
Total
(In percentages)
Engineered Materials
9
—
3
12
Acetyl Chain
(1
)
(2
)
3
—
Total Company
4
(1
)
3
6
Three Months Ended March 31, 2025 Compared to Three Months Ended December 31, 2024
Volume
Price
Currency
Total
(In percentages)
Engineered Materials
—
2
(1
)
1
Acetyl Chain
3
(1
)
(1
)
1
Total Company
2
—
(1
)
1
Table 4b
Factors Affecting Segment Net Sales Year Over Year - Unaudited
Three Months Ended March 31, 2026 Compared to Three Months Ended March 31, 2025
Volume
Price
Currency
Total
(In percentages)
Engineered Materials
—
(1
)
4
3
Acetyl Chain
(7
)
(4
)
4
(7
)
Total Company
(3
)
(3
)
4
(2
)
Three Months Ended December 31, 2025 Compared to Three Months Ended December 31, 2024
Volume
Price
Currency
Total
(In percentages)
Engineered Materials
(2
)
—
3
1
Acetyl Chain
(10
)
(7
)
2
(15
)
Total Company
(6
)
(3
)
2
(7
)
Three Months Ended September 30, 2025 Compared to Three Months Ended September 30, 2024
Volume
Price
Currency
Total
(In percentages)
Engineered Materials
(8
)
(1
)
2
(7
)
Acetyl Chain
(4
)
(8
)
1
(11
)
Total Company
(6
)
(4
)
1
(9
)
Three Months Ended June 30, 2025 Compared to Three Months Ended June 30, 2024
Volume
Price
Currency
Total
(In percentages)
Engineered Materials
(3
)
(1
)
2
(2
)
Acetyl Chain
(2
)
(7
)
2
(7
)
Total Company
(2
)
(4
)
2
(4
)
Three Months Ended March 31, 2025 Compared to Three Months Ended March 31, 2024
Volume
Price
Currency
Total
(In percentages)
Engineered Materials
(4
)
(2
)
(1
)
(7
)
Acetyl Chain
(6
)
(4
)
(1
)
(11
)
Total Company
(5
)
(3
)
(1
)
(9
)
Table 4c
Factors Affecting Segment Net Sales Year Over Year - Unaudited
Year Ended December 31, 2025 Compared to Year Ended December 31, 2024
Volume
Price
Currency
Total
(In percentages)
Engineered Materials
(4
)
(1
)
1
(4
)
Acetyl Chain
(6
)
(6
)
1
(11
)
Total Company
(4
)
(4
)
1
(7
)
Table 5
Free Cash Flow - Reconciliation of a Non-GAAP Measure - Unaudited
Q1 '26
2025
Q4 '25
Q3 '25
Q2 '25
Q1 '25
(In $ millions, except percentages)
Net cash provided by (used in) investing activities
425
(349
)
(104
)
(59
)
(88
)
(98
)
Net cash provided by (used in) financing activities
(3
)
(513
)
(324
)
(118
)
(116
)
45
Net cash provided by (used in) operating activities
76
1,146
252
447
410
37
Capital expenditures on property, plant and equipment
(66
)
(343
)
(84
)
(64
)
(93
)
(102
)
Contributions from/(Distributions) to NCI
(7
)
(30
)
(8
)
(8
)
(6
)
(8
)
Free cash flow(1)
3
773
160
375
311
(73
)
Net sales
2,337
9,544
2,204
2,419
2,532
2,389
Free cash flow as % of Net sales
0.1
%
8.1
%
7.3
%
15.5
%
12.3
%
(3.1
)%
Table 6
Cash Dividends Received - Unaudited
Q1 '26
2025
Q4 '25
Q3 '25
Q2 '25
Q1 '25
(In $ millions)
Dividends from equity method investments
54
139
47
40
21
31
Dividends from equity investments without readily determinable fair values
1
122
40
40
41
1
Total
55
261
87
80
62
32
Table 7
Net Debt - Reconciliation of a Non-GAAP Measure - Unaudited
Q1 '26
2025
Q4 '25
Q3 '25
Q2 '25
Q1 '25
(In $ millions)
Short-term borrowings and current installments of long-term debt - third party and affiliates
1,741
1,204
1,204
1,199
252
406
Long-term debt, net of unamortized deferred financing costs
10,813
11,394
11,394
11,655
12,689
12,378
Total debt
12,554
12,598
12,598
12,854
12,941
12,784
Cash and cash equivalents
(1,758
)
(1,263
)
(1,263
)
(1,440
)
(1,173
)
(951
)
Net debt
10,796
11,335
11,335
11,414
11,768
11,833
Table 8
Certain Items - Unaudited
The following Certain Items attributable to Celanese Corporation are included in Net earnings (loss) and are adjustments to non-GAAP measures:
Q1 '26
2025
Q4 '25
Q3 '25
Q2 '25
Q1 '25
Income Statement Classification
(In $ millions)
Exit and shutdown costs
44
98
29
10
27
32
Cost of sales / SG&A / Other (charges) gains, net / Gain (loss) on disposition of businesses and assets, net / Non-operating pension and other postretirement employee benefit (expense) income
Asset impairments
—
1,513
27
(1)
1,486
(2)
—
—
Cost of sales / Other (charges) gains, net
Impact from plant incidents and natural disasters
11
3
—
—
—
3
Cost of sales
Mergers, acquisitions and dispositions
15
52
23
12
12
5
Cost of sales / SG&A
Actuarial (gain) loss on pension and postretirement plans
—
(49
)
(49
)
—
—
—
Cost of sales / SG&A / Non-operating pension and other postretirement employee benefit (expense) income
Legal settlements and commercial disputes
3
17
1
11
2
3
Cost of sales / SG&A / Other (charges) gains, net
(Gain) loss on disposition of businesses and assets
(50
)
—
—
—
—
—
Gain (loss) on disposition of businesses and assets, net
Other
—
5
3
1
1
—
Cost of sales / SG&A
Certain Items attributable to Celanese Corporation
23
1,639
34
1,520
42
43
Table 9
Return on Invested Capital (Adjusted) - Presentation of a Non-GAAP Measure - Unaudited
2025
(In $ millions,
except percentages)
Net earnings (loss) attributable to Celanese Corporation
(1,165
)
Adjusted EBIT (Table 1)
1,150
Adjusted effective tax rate (Table 3a)
8
%
Adjusted EBIT tax effected
1,058
2025
2024
Average
(In $ millions, except percentages)
Short-term borrowings and current installments of long-term debt - third parties and affiliates
1,204
1,501
1,353
Long-term debt, net of unamortized deferred financing costs
11,394
11,078
11,236
Celanese Corporation shareholders' equity
4,049
5,129
4,589
Invested capital
17,178
Return on invested capital (adjusted)
6.2
%
Net earnings (loss) attributable to Celanese Corporation as a percentage of invested capital
Celanese (CE - Free Report) came out with quarterly earnings of $0.85 per share, missing the Zacks Consensus Estimate of $0.88 per share. This compares to earnings of $0.57 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -3.41%. A quarter ago, it was expected that this chemical company would post earnings of $0.89 per share when it actually produced earnings of $0.67, delivering a surprise of -24.72%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Celanese, which belongs to the Zacks Chemical - Specialty industry, posted revenues of $2.34 billion for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 3.19%. This compares to year-ago revenues of $2.39 billion. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Celanese shares have added about 62.6% since the beginning of the year versus the S&P 500's gain of 5.2%.
What's Next for Celanese?While Celanese has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Celanese was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.29 on $2.43 billion in revenues for the coming quarter and $5.16 on $9.35 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Chemical - Specialty is currently in the bottom 27% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Flexible Solutions International Inc. (FSI - Free Report) , another stock in the same industry, has yet to report results for the quarter ended March 2026.
This company is expected to post quarterly earnings of $0.01 per share in its upcoming report, which represents a year-over-year change of +150%. The consensus EPS estimate for the quarter has been revised 41.7% lower over the last 30 days to the current level.
Flexible Solutions International Inc.'s revenues are expected to be $9.85 million, up 31.9% from the year-ago quarter.
Celanese (CE - Free Report) reported $2.34 billion in revenue for the quarter ended March 2026, representing a year-over-year decline of 2.2%. EPS of $0.85 for the same period compares to $0.57 a year ago.
The reported revenue represents a surprise of +3.19% over the Zacks Consensus Estimate of $2.26 billion. With the consensus EPS estimate being $0.88, the EPS surprise was -3.41%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Celanese performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Volume - Acetyl Chain: -7% compared to the -7% average estimate based on two analysts.Volume - Engineered Materials: 3% versus the two-analyst average estimate of 3.2%.Price - Acetyl Chain: -4% versus the two-analyst average estimate of -4.8%.Net Sales- Acetyl Chain: $1.04 billion compared to the $996.49 million average estimate based on two analysts. The reported number represents a change of -7.2% year over year.Net Sales- Intersegment Eliminations: $-24 million compared to the $-15.12 million average estimate based on two analysts. The reported number represents a change of +71.4% year over year.Net Sales- Engineered Materials: $1.33 billion versus $1.27 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +3% change.Operating EBITDA- Acetyl Chain: $194 million versus $178.05 million estimated by two analysts on average.Operating EBITDA- Other Activities: $-63 million versus the two-analyst average estimate of $-59.64 million.Operating EBITDA- Engineered Materials: $324 million versus $322.04 million estimated by two analysts on average.View all Key Company Metrics for Celanese here>>>
Shares of Celanese have returned +7.8% over the past month versus the Zacks S&P 500 composite's +9.5% 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.
Key Takeaways CE reported Q1 EPS of 85 cents, up 57%, but missed estimates while revenue declined 2.2% year over year. CE saw sales pressure from weak China auto demand and acetate tow softness. CE expects stronger Q2 with pricing gains, higher volumes; it raised full-year FCF outlook. Celanese Corporation (CE - Free Report) reported a first-quarter 2026 earnings from continuing operations of 41 cents per share. This compares favorably with a loss of 17 cents in the prior-year quarter.
Adjusted earnings were 85 cents per share, up 57.4% from 54 cents reported a year ago. The bottom line missed the Zacks Consensus Estimate of 88 cents.
Revenues of $2,337 million decreased roughly 2.2% year over year from $2,389 million. It beat the Zacks Consensus Estimate of $2,264.7 million. The decline in net sales was due to continued softness in certain end markets, particularly automotive in China, and continued weakness in acetate tow. Higher feedstock and energy costs across both businesses also partly offset the benefits from the favorable mix and cost productivity measures.
Celanese Corporation Price, Consensus and EPS SurpriseCE’s Segment HighlightsNet sales in the Engineered Materials unit were $1,325 million in the reported quarter, up around 2.9% year over year from $1,287 million. It beat our estimate of $1,239 million. The segment earned an operating profit of $221 million, up roughly 135.1% year over year, and an adjusted EBIT of $220 million, up about 77.4%.
The Acetyl Chain segment posted net sales of $1,036 million, down roughly 7.2% year over year from $1,116 million. It topped our estimate of $993 million. The segment generated an operating profit of $95 million, down roughly 41% year over year, and an adjusted EBIT of $131 million, down around 21.6%.
CE’s FinancialsCelanese ended the quarter with cash and cash equivalents of $1,758 million, up roughly 39.2% sequentially. Long-term debt declined 5.1% sequentially to $10,813 million.
Cash provided by operating activities was $76 million, and free cash flow was $3 million in the reported quarter.
CE’s OutlookCelanese expects a meaningful sequential improvement in the second quarter, supported by stronger volumes and realization of price increases in the Acetyl Chain, along with pricing gains in Engineered Materials and seasonal demand across both segments. Adjusted earnings per share for the second quarter are projected in the range of $2.00 to $2.40, with the second half of 2026 expected to deliver around $3.00 per share.
These actions are anticipated to strengthen earnings through 2026, accelerate deleveraging and bring the net debt-to-operating EBITDA ratio to approximately 4.8x, supporting improved resilience and long-term performance. Celanese also raised its full-year free cash flow outlook to $700-$800 million.
CE’s Price PerformanceCE shares have surged 42.4% in the past year compared with an 4.7% rise in the industry.
Image Source: Zacks Investment Research
CE’s Zacks Rank & Key PicksCE currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks worth a look in the basic materials space are Mercer International Inc. (MERC - Free Report) , Idaho Strategic Resources, Inc. (IDR - Free Report) and Hawkins, Inc. (HWKN - Free Report) .
Mercer is slated to report first-quarter 2026 results on May 7. The Zacks Consensus Estimate for loss is pegged at 74 cents per share, indicating 124.2% year-over-year decline. MERC sports a Zacks Rank #2 (Buy) at present.
Idaho is expected to report first-quarter 2026 results on May 14. The Zacks Consensus Estimate for earnings is pegged at 43 cents per share, indicating 258.3% year-over-year growth. IDR sports a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Hawkins is scheduled to report fiscal fourth-quarter results on May 13. The Zacks Consensus Estimate for HWKN’s fourth-quarter earnings is pegged at 77 cents per share. HWKN currently sports a Zacks Rank #2.
Celanese remains a buy despite Q1 '26 earnings miss and macro-driven selloff, trading at under 10x earnings with a 9–10% free cash flow yield. CE's cost structure is improving through strategic asset closures, product mix upgrades, and targeted expansion in higher-margin specialty markets. Management guides for significant EPS recovery in Q2 and H2'26, assuming supply chain normalization post-Strait of Hormuz disruptions.
MSA Safety Incorporporated (NYSE:MSA) CFO Acquires $71,093.12 in StockMarketBeat
MSA Safety Incorporporated (NYSE:MSA - Get Free Report) CFO Julie Beck bought 448 shares of the stock in a transaction dated Thursday, June 11th. The stock was acquired at an average price of $158.69 per share, with a total value of $71,093.12. Following the completion of the purchase, the chief financial officer owned 3,825 shares of the company's stock, valued at $606,989.25. This represents a 13.27% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
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DALLAS--(BUSINESS WIRE)--Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, today announced price increases for a range of acetyl products.
CELANESE ANNOUNCES PRICE INCREASES ACROSS THE ACETYL CHAIN
Share The price increases will be effective immediately, or as contracts and other commitments otherwise allow.
PRODUCT
Price Increase
USA/Canada
($ / LB)
Mexico /
S. America
($ / MT)
EMEA
(€ / MT)
Acetic Acid
$0.05
$100
100€
Vinyl Acetate Monomer
$0.15
$300
300€
Ethyl Acetate
$0.04
$300
100€
Acetic Anhydride
$0.05
$150
150€
VAE based dispersions
$0.02
$150
350€
Vinyl Acetate based homo-and copolymer dispersions
$0.02
$150
350€
Styrene and Pure Acrylic Dispersions
$0.05
$200
350€
EVA
$0.20
$300
300€
RDP
$0.20
$400
400€
Formaldehyde 37%
$0.04
--
--
Paraformaldehyde
$0.12
$300
350€
Dimethylamine 100%
$0.08
$185
--
Trimethylamine 100%
$0.10
$225
--
MIBC
$0.20
$450
100€
MIBK
$0.20
$450
400€
Solvents
Grade dependent
About Celanese
Celanese is a global leader in chemistry, producing specialty material solutions used across most major industries and consumer applications. Our businesses use our chemistry, technology and commercial expertise to create value for our customers, employees and shareholders. We support sustainability by responsibly managing the materials we create and growing our portfolio of sustainable products to meet customer and societal demand. We strive to make a positive impact in our communities and to foster inclusivity across our teams. Celanese Corporation is a Fortune 500 company that employs more than 11,000 employees worldwide with 2025 net sales of $9.5 billion.
DALLAS--(BUSINESS WIRE)--Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, today announced a price increase for a range of engineered materials products in response to various factors, including recent market developments and global supply chain disruptions.
Share Despite these dynamic conditions, Celanese remains well positioned to support its customers via its regional supply chain and manufacturing sites, as well as its technology and innovation centers.
The price increases will be effective June 1, 2026, or as contracts otherwise allow. Additionally, individual grades may be subject to higher increases than specified below.
Base Resin
Brand / Material Type
Price Increase
Asia
($/kg)
Americas
($/lb)
EMEA
(€/kg)
UHMW-PE
GUR®
0.20
0.15
0.30
PA 6
Zytel®, Frianyl®, Celanyl®, Minlon®, CoolPoly® and Ecomid® PA6 products
-
-
0.35
PBT/PET
Crastin® and Celanex® products
-
-
0.25
Rynite®
-
-
0.20
TPV
Santoprene®
0.30
0.10
0.30
TPC
Hytrel & Bexloy & Neolast
0.20
0.10
0.15
PP
Celstran®
Tecnoprene®, Talcoprene®, Polifor® and Omnipro®
-
0.10
0.35
Hi Temp
Nylon (PPA)
Zytel® HTN Flame retardants grades
0.60
0.27
0.60
About Celanese
Celanese is a global leader in chemistry, producing specialty material solutions used across most major industries and consumer applications. Our businesses use our chemistry, technology and commercial expertise to create value for our customers, employees and shareholders. We support sustainability by responsibly managing the materials we create and growing our portfolio of sustainable products to meet customer and societal demand. We strive to make a positive impact in our communities and to foster inclusivity across our teams. Celanese Corporation is a Fortune 500 company that employs more than 11,000 employees worldwide with 2025 net sales of $9.5 billion.
It has been about a month since the last earnings report for Celanese (CE - Free Report) . Shares have lost about 10.7% in that time frame, underperforming the S&P 500.
But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is Celanese due for a breakout? Well, first let's take a quick look at the most recent earnings report in order to get a better handle on the recent drivers for Celanese Corporation before we dive into how investors and analysts have reacted as of late.
Celanese’s Q1 Earnings Miss Estimates, Revenues Decline Y/YCelanese reported a first-quarter 2026 earnings from continuing operations of 41 cents per share. This compares favorably with a loss of 17 cents in the prior-year quarter.
Adjusted earnings were 85 cents per share, up 57.4% from 54 cents reported a year ago. The bottom line missed the Zacks Consensus Estimate of 88 cents.
Revenues of roughly $2.34 billion decreased roughly 2.2% year over year from $2.39 billion. It beat the Zacks Consensus Estimate of $2.26 billion. The decline in net sales was due to continued softness in certain end markets, particularly automotive in China, and continued weakness in acetate tow. Higher feedstock and energy costs across both businesses also partly offset the benefits from the favorable mix and cost productivity measures.
Segment HighlightsNet sales in the Engineered Materials unit were $1.33 billion in the reported quarter, up around 2.9% year over year from $1.29 billion. It beat our estimate of $1.24 billion. The segment earned an operating profit of $221 million, up roughly 135.1% year over year, and an adjusted EBIT of $220 million, up about 77.4%.
The Acetyl Chain segment posted net sales of $1.04 billion, down roughly 7.2% year over year from $1.12 billion. It topped our estimate of $993 million. The segment generated an operating profit of $95 million, down roughly 41% year over year, and an adjusted EBIT of $131 million, down around 21.6%.
FinancialsCelanese ended the quarter with cash and cash equivalents of $1.76 billion, up roughly 39.2% sequentially. Long-term debt declined 5.1% sequentially to $10.8 billion.
Cash provided by operating activities was $76 million, and free cash flow was $3 million in the reported quarter.
OutlookCelanese expects a meaningful sequential improvement in the second quarter, supported by stronger volumes and realization of price increases in the Acetyl Chain, along with pricing gains in Engineered Materials and seasonal demand across both segments. Adjusted earnings per share for the second quarter are projected in the range of $2.00 to $2.40, with the second half of 2026 expected to deliver around $3.00 per share.
These actions are anticipated to strengthen earnings through 2026, accelerate deleveraging and bring the net debt-to-operating EBITDA ratio to approximately 4.8x, supporting improved resilience and long-term performance. Celanese also raised its full-year free cash flow outlook to $700-$800 million.
How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a upward trend in fresh estimates.
The consensus estimate has shifted 43.27% due to these changes.
VGM ScoresAt this time, Celanese has a average Growth Score of C, though it is lagging a lot on the Momentum Score front with an F. However, the stock was allocated a score of A on the value side, putting it in the top quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been broadly trending upward for the stock, and the magnitude of these revisions looks promising. Notably, Celanese has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry PlayerCelanese belongs to the Zacks Chemical - Specialty industry. Another stock from the same industry, Ashland (ASH - Free Report) , has gained 4.4% over the past month. More than a month has passed since the company reported results for the quarter ended March 2026.
Ashland reported revenues of $482 million in the last reported quarter, representing a year-over-year change of +0.6%. EPS of $0.91 for the same period compares with $0.99 a year ago.
Ashland is expected to post earnings of $1.09 per share for the current quarter, representing a year-over-year change of +4.8%. Over the last 30 days, the Zacks Consensus Estimate has changed -1.1%.
The overall direction and magnitude of estimate revisions translate into a Zacks Rank #4 (Sell) for Ashland. Also, the stock has a VGM Score of B.
Company announces closure of Ulsan, South Korea facility to advance ‘Grow & Fortify’ strategy
DALLAS--(BUSINESS WIRE)--Celanese Corporation (NYSE: CE), a global specialty materials and chemical company, today announced a critical production network optimization step in support of the ‘Grow & Fortify’ strategy of its Engineered Materials business. Over the past several years, Celanese has taken significant measures to ensure reliability of supply by investing in world-class compounding assets globally and by working to provide its customers with engineered materials products of superior quality, performance and reliability.
Celanese to Optimize Engineered Materials Compounding Footprint in Asia Region
Share Today’s network optimization announcement will result in the closure of the Company’s Engineered Materials compounding facility in Ulsan, South Korea. Celanese is planning to cease all manufacturing and production operations at the Ulsan facility immediately. The Company intends to fully support its customers to fulfill all contractual obligations and ensure a smooth transition of production and compounding activities to other Celanese manufacturing locations in the region.
The production volumes from the Ulsan facility will be transferred to the Company’s Nanjing and Shenzhen plants in China, and to its plant in Silvassa, India. Celanese is undertaking these actions to fortify the operating structure of its Engineered Materials business, while optimizing the company’s cost and manufacturing production footprint to leverage its world-class compounding assets in Shenzhen, Nanjing and Silvassa. These actions are also expected to strengthen the Company’s regional supply chain network.
Celanese products such as PET (Polyethylene Terephthalate), PA (Polyamide), PBT (Polybutylene Terephthalate) and HTN (High-Temperature Nylon) are critical to driving industry and regional growth. The broader Asia region represents opportunities for expansion, and Celanese is building manufacturing and compounding capabilities close to its customer base to better meet this growing demand.
About Celanese
Celanese is a global leader in chemistry, producing specialty material solutions used across most major industries and consumer applications. Our businesses use our chemistry, technology and commercial expertise to create value for our customers, employees and shareholders. We support sustainability by responsibly managing the materials we create and growing our portfolio of sustainable products to meet customer and societal demand. We strive to make a positive impact in our communities and to foster inclusivity across our teams. Celanese Corporation is a Fortune 500 company that employs approximately 11,000 employees worldwide with 2025 net sales of $9.5 billion.
Forward Looking Statements
This release may contain “forward-looking statements,” which include information concerning the Company’s plans, objectives, goals, strategies, future revenues, cash flow, operations, supply chains, financial condition and other information that is not historical information. When used in this release, the words “expects,” “anticipates,” “plans,” “intends,” “believes,” “will,” and variations of such words or similar expressions are intended to identify forward-looking statements. All forward-looking statements are based upon current expectations and beliefs and various assumptions. There can be no assurance that the Company will realize these expectations or that these beliefs will prove correct. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements contained in this release. Numerous factors, many of which are beyond the Company’s control, could cause actual results to differ materially from those expressed as forward-looking statements. These factors include those that are discussed in the Company’s filings with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which it is made, and the Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which it is made or to reflect the occurrence of anticipated or unanticipated events or circumstances.
Key Takeaways Celanese will close its Ulsan facility and move production to sites in China and India.The shift aims to improve manufacturing efficiency and strengthen its Asia supply chain.The move supports Celanese's Grow & Fortify strategy and regional demand growth. Celanese Corporation (CE - Free Report) is shifting production from its Engineered Materials compounding facility in Ulsan, South Korea, to its plants in Nanjing and Shenzhen, China, and Silvassa, India. The move is part of a reorganization of the company’s production network in Asia, under which manufacturing operations at the Ulsan facility will be closed.
The production shift will help Celanese make better use of its facilities in China and India while improving manufacturing efficiency across the region. It is also expected to strengthen the company's supply chain in Asia and improve the efficiency of its regional manufacturing network.
The move supports Celanese’s “Grow & Fortify” strategy for its Engineered Materials business. In recent years, the company has invested in compounding facilities around the world to improve supply reliability and support customer demand. The latest move builds on these efforts by making better use of its existing production assets.
During the transition, customer orders and contractual obligations will continue to be met while production is transferred to other manufacturing sites in the region. The company will work to ensure a smooth transfer of production and compounding activities without disrupting customer supply.
Asia continues to offer growth opportunities for Celanese. Products such as Polyethylene Terephthalate (PET), Polyamide (PA), Polybutylene Terephthalate (PBT) and High-Temperature Nylon (HTN) play an important role in supporting industrial growth in the region. To meet rising demand, the company is expanding its manufacturing and compounding capabilities closer to customers.
CE shares have lost 2.7% over the past year compared to 1.4% growth in the industry.
Image Source: Zacks Investment Research
CE’s Zacks Rank & Key PicksCE currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the Basic Materials space are Orla Mining Ltd. (ORLA - Free Report) , LyondellBasell Industries N.V. (LYB - Free Report) and Franco-Nevada Corporation (FNV - Free Report) .
While ORLA and LYB sport a Zacks Rank #1 (Strong Buy) each at present, FNV carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for ORLA’s 2026 earnings is pegged at $1.64 per share, indicating a rise of 82.2% year over year. Its earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise of 8.16%.
The Zacks Consensus Estimate for LYB’s 2026 earnings is pinned at $8.73 per share, implying a 413.5% year-over-year surge. Its earnings outpaced the Zacks Consensus Estimate in two of the four trailing quarters while missing it in the remaining two.
The Zacks Consensus Estimate for FNV’s 2026 earnings is pinned at $8.85 per share, suggesting a 58.6% year-over-year increase. Its earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise of 10.28%.
DALLAS--(BUSINESS WIRE)--Celanese Corporation (NYSE: CE), a global specialty materials and chemical company, today announced that Aisan Industry Kentucky, LLC., the consolidated subsidiary of Japan-based Aisan Industry Co., Ltd., has adopted a Celanese polyacetal resin (POM) made from captured CO2 for fuel pump modules produced for a North American automaker. This milestone reflects continued momentum for Celanese Carbon Capture and Utilization (CCU) POM in automotive applications.
Aisan adopts Celanese POM ECO-C for fuel pump modules supplied to a North American automaker
Share Celanese uses CCU-based chemical building blocks to turn CO2 emissions into high performance POM polymer that offers both reduced product carbon footprint (PCF) as well as a high percentage of circular content. POM ECO-C solutions are drop-in choices that enable Aisan to offer more sustainable components without sacrificing performance and helps automakers work towards sustainability goals with solutions that are both practical and impactful.
“Celanese can uniquely turn waste CO2 into a high performance polymer, helping customers meet sustainability goals,” said Todd Elliott, Senior Vice President, Celanese Engineered Materials. “POM ECO-C turns technology into practical solutions while maintaining performance and quality, and without requiring changes to existing designs or production processes.”
Celanese continues to advance materials and technologies that help reduce environmental impact and support progress toward carbon neutrality and more sustainable manufacturing. Its mass-balance based CCU platform is especially significant in supporting both ends of the integrated Celanese value chain by providing low-carbon feedstocks for ECO-C products across the Acetyl Chain and Engineered Materials businesses for customers seeking more sustainable solutions.
To learn more about Celanese sustainable product offerings, visit https://www.celanese.com/sustainability-offerings or explore detailed product information on https://askchemille.com.
About Celanese
Celanese is a global leader in chemistry, producing specialty material solutions used across most major industries and consumer applications. Our businesses use our chemistry, technology and commercial expertise to create value for our customers, employees and shareholders. We support sustainability by responsibly managing the materials we create and growing our portfolio of sustainable products to meet customer and societal demand. We strive to make a positive impact in our communities and to foster inclusivity across our teams. Celanese Corporation is a Fortune 500 company that employs more than 11,000 employees worldwide with 2025 net sales of $9.5 billion.
Forward-Looking Statements
This release may contain “forward-looking statements,” which include information concerning Celanese’s plans, objectives, goals, strategies, financial condition, and other information that is not historical information. When used in this release, the words “projects,” “expects,” “anticipates,” “plans,” “intends,” “believes,” “will,” and variations of such words or similar expressions are intended to identify forward-looking statements. All forward-looking statements are based upon current expectations and beliefs and various assumptions. There can be no assurance that Celanese will realize these expectations or that these beliefs will prove correct. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements contained in this release. Numerous factors, many of which are beyond Celanese’s control, could cause actual results to differ materially from those expressed as forward-looking statements. These factors include those that are discussed in Celanese’s filings with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which it is made, and Celanese undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which it is made or to reflect the occurrence of anticipated or unanticipated events or circumstances.
Celanese Corporation (NYSE: CE), a global specialty materials and chemical company, today announced that Aisan Industry Kentucky, LLC., the consolidated subsidiary of Japan-based Aisan Industry Co., Ltd., has adopted a Celanese polyacetal resin (POM) made from captured CO2 for fuel pump modules produced for a North American automaker. This milestone reflects continued momentum for Celanese Carbon Capture and Utilization (CCU) POM in automotive applications.
Celanese uses CCU-based chemical building blocks to turn CO2 emissions into high performance POM polymer that offers both reduced product carbon footprint (PCF) as well as a high percentage of circular content. POM ECO-C solutions are drop-in choices that enable Aisan to offer more sustainable components without sacrificing performance and helps automakers work towards sustainability goals with solutions that are both practical and impactful.
“Celanese can uniquely turn waste CO2 into a high performance polymer, helping customers meet sustainability goals,” said Todd Elliott, Senior Vice President, Celanese Engineered Materials. “POM ECO-C turns technology into practical solutions while maintaining performance and quality, and without requiring changes to existing designs or production processes.”
Celanese continues to advance materials and technologies that help reduce environmental impact and support progress toward carbon neutrality and more sustainable manufacturing. Its mass-balance based CCU platform is especially significant in supporting both ends of the integrated Celanese value chain by providing low-carbon feedstocks for ECO-C products across the Acetyl Chain and Engineered Materials businesses for customers seeking more sustainable solutions.
To learn more about Celanese sustainable product offerings, visit https://www.celanese.com/sustainability-offerings or explore detailed product information on https://askchemille.com.
About Celanese
Celanese is a global leader in chemistry, producing specialty material solutions used across most major industries and consumer applications. Our businesses use our chemistry, technology and commercial expertise to create value for our customers, employees and shareholders. We support sustainability by responsibly managing the materials we create and growing our portfolio of sustainable products to meet customer and societal demand. We strive to make a positive impact in our communities and to foster inclusivity across our teams. Celanese Corporation is a Fortune 500 company that employs more than 11,000 employees worldwide with 2025 net sales of $9.5 billion.
Forward-Looking Statements
This release may contain “forward-looking statements,” which include information concerning Celanese’s plans, objectives, goals, strategies, financial condition, and other information that is not historical information. When used in this release, the words “projects,” “expects,” “anticipates,” “plans,” “intends,” “believes,” “will,” and variations of such words or similar expressions are intended to identify forward-looking statements. All forward-looking statements are based upon current expectations and beliefs and various assumptions. There can be no assurance that Celanese will realize these expectations or that these beliefs will prove correct. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements contained in this release. Numerous factors, many of which are beyond Celanese’s control, could cause actual results to differ materially from those expressed as forward-looking statements. These factors include those that are discussed in Celanese’s filings with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which it is made, and Celanese undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which it is made or to reflect the occurrence of anticipated or unanticipated events or circumstances.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260608904458/en/
On June 08, 2026, Celanese Corp CE shares fell 3.8% to $49.08. This decline comes amid a broader trend, with the stock down 14.2% over the past month and 11.3% over the past year. The shares have traded within a 52-week range of $35.13 to $70.70.
GF Value™ verdict: Current price of $49.08 vs GF Value™ of $69.77 indicates the stock is 29.7% undervalued.GF Score™: 69/100, which is considered above average.Most notable signal: No insider transactions in the last 3 months. Is CE Overvalued or Undervalued? The current price of Celanese Corp CE at $49.08 is significantly lower than its GF Value™ estimate of $69.77, indicating that the stock is undervalued by 29.7%. This suggests a potential opportunity for investors looking for stocks with a margin of safety. However, it is important to note that the GF Valuation label indicates a "Possible Value Trap," advising caution. This means while the stock appears undervalued based on intrinsic value calculations, there may be underlying issues that could hinder performance going forward.
GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates. For investors, the disparity between the current price and GF Value™ may signal a buying opportunity, albeit with the caveat of considering the company's financial indicators and market conditions.
How Does CE's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 8.0x 7.5x Currently, Celanese Corp is trading at a forward P/E of 8.0x, which is above its 5-year median P/E of 7.5x. This indicates that CE is trading at a higher valuation compared to its historical averages. This P/E analysis agrees with the GF Value™ verdict of being undervalued, but it also raises questions about whether the stock's recent price drop reflects broader market concerns or company-specific challenges.
What Does CE's GF Score™ Tell Us? Metric Rating GF Score™ 69 Financial Strength 4/10 Profitability 7/10 Growth 4/10 Valuation 8/10 Momentum 3/10 The GF Score™ of 69/100 indicates that Celanese Corp is positioned above average compared to its peers. The strongest area is its Valuation rank at 8/10, suggesting it is relatively attractively priced. However, the Financial Strength rank of 4/10 and a Momentum rank of 3/10 highlight potential weaknesses, indicating that while the stock may be undervalued, its financial stability and momentum are not as strong, warranting further scrutiny.
What Are Insiders Doing with CE Stock? There have been no insider transactions in the last 3 months for Celanese Corp. This lack of insider activity may suggest that executives are either confident in the current stock price or are waiting for more favorable conditions before making any trades. Typically, insider buying would signal confidence in the company's future prospects, while selling could indicate a lack of confidence or a need for liquidity.
What This Means for Investors Based on the GF Value™ assessment, Celanese Corp CE is currently undervalued. While this presents a potential opportunity, investors should consider the broader context, including financial strength and market conditions, before making decisions.
For the complete analysis, visit the Celanese Corp CE stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is CE's GF Score™?
CE's GF Score™ is 69/100, indicating that the stock ranks above average compared to its peers based on key financial metrics.
Is CE overvalued or undervalued?
CE is considered undervalued with a current price of $49.08 compared to its GF Value™ of $69.77, suggesting a significant margin of safety.
What is CE's P/E ratio?
CE's forward P/E ratio is 8.0x, which is above its 5-year median P/E of 7.5x, indicating that the stock is trading at a higher valuation compared to its historical averages.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Key Takeaways Celanese's CO2-based POM was selected by Aisan for fuel pump modules for a North American automaker.CE's POM ECO-C offers lower carbon footprint and high circular content without process changes.Celanese's CCU platform uses captured CO2 to supply lower-carbon materials across businesses. Celanese Corporation's (CE - Free Report) polyacetal resin (POM) produced from captured CO2 has been selected by Aisan Industry Kentucky, LLC for fuel pump modules supplied to a North American automaker. Aisan Industry Kentucky is a subsidiary of Japan-based Aisan Industry Co., Ltd. The move reflects the growing use of Celanese's Carbon Capture and Utilization (“CCU”) POM in automotive applications.
Celanese converts captured CO2 into high-performance POM polymer through its CCU technology. The resulting POM ECO-C material has a lower carbon footprint and contains a high level of circular content. The material is designed as a drop-in option, allowing manufacturers to adopt more sustainable materials without changing existing designs or production processes while maintaining performance standards.
By using POM ECO-C, Aisan can offer fuel pump modules with improved sustainability while preserving the performance and quality expected in automotive applications. The material also helps automakers work toward sustainability goals by offering a practical solution that can be adopted without modifying existing manufacturing processes.
Celanese continues to develop materials and technologies that reduce environmental impact and support progress toward carbon-neutral manufacturing. Its mass-balance-based CCU platform supplies low-carbon feedstocks for ECO-C products across the company’s Acetyl Chain and Engineered Materials businesses.
The platform supports both ends of Celanese’s value chain while helping customers access lower-carbon material options. Through its CCU technology, the company uses captured CO2 to produce high-performance materials for customers seeking lower-carbon and more sustainable alternatives.
CE shares have lost 17.3% over the past year compared with the industry’s 0.9% loss.
Image Source: Zacks Investment Research
CE’s Zacks Rank & Key PicksCE currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the Basic Materials space are Orla Mining Ltd. (ORLA - Free Report) , LyondellBasell Industries N.V. (LYB - Free Report) and Franco-Nevada Corporation (FNV - Free Report) .
While ORLA and LYB sport a Zacks Rank #1 (Strong Buy) each at present, FNV carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for ORLA’s 2026 earnings is pegged at $1.64 per share, indicating a rise of 82.2% year over year. Its earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise of 8.16%.
The Zacks Consensus Estimate for LYB’s 2026 earnings is pinned at $8.73 per share, implying a 413.5% year-over-year surge. Its earnings outpaced the Zacks Consensus Estimate in two of the four trailing quarters while missing in the remaining two.
The Zacks Consensus Estimate for FNV’s 2026 earnings is pinned at $8.85 per share, suggesting a 58.6% year-over-year increase. Its earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise of 10.28%.
