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Insperity, Inc. (NSP) Q3 2026 Earnings Call October 29, 2026 8:30 AM EDT

Company Participants

James Allison - Executive VP of Finance, CFO & Treasurer
Paul Sarvadi - Co-Founder, Chairman & CEO

Conference Call Participants

Mark Marcon - Robert W. Baird & Co. Incorporated, Research Division
Jeff Martin - ROTH Capital Partners, LLC, Research Division
Brendan Biles - JPMorgan Chase & Co, Research Division

Presentation

Operator

Good morning. My name is [ Ali ], and I will be your conference operator today. I would like to welcome everyone to the Insperity Third Quarter 2026 Earnings Conference Call. [Operator Instructions] And please note, this conference is being recorded. At this time, I would like to introduce today's speakers. Joining us are Paul Sarvadi, Chairman of the Board and Chief Executive Officer; and Jim Allison, Executive Vice President of Finance, Chief Financial Officer and Treasurer. At this time, I'd like to turn the call over to Jim Allison. Mr. Allison, please go ahead.

James Allison
Executive VP of Finance, CFO & Treasurer

Thank you. We appreciate you joining us today. Let me begin by outlining our plan for this morning's call. First, I'm going to discuss the details behind our third quarter 2026 financial results. Paul will then comment on the progress of our margin recovery plan, the fall selling and client renewal season, and our AI strategy and initiatives. I will return to provide financial guidance for the fourth quarter and full year 2026. We will then end the call with a question-and-answer session.

Before we begin, I would like to remind you that Paul or I may make forward-looking statements during today's call, which are subject to risks, uncertainties, and assumptions. In addition, some of our discussion may include non-GAAP financial measures. For a more detailed discussion of the risks and uncertainties that could cause actual results to

Why Rising Rates Could Break the Bull Market Before AI Spending Can Save ItEnterprise Products Partners NYSE: EPD reported third-quarter results marked by higher Permian Basin natural gas and natural gas liquids production, strong export activity and contributions from recently completed projects, while also outlining additional infrastructure plans tied to its updated outlook for Permian gas growth.

The partnership generated adjusted EBITDA of $2.8 billion in the third quarter, up 16% from a year earlier, according to Co-Chief Executive Officer Randy Fowler. Distributable cash flow from operations rose 27% to $2.3 billion, producing 1.9 times distribution coverage and $1.1 billion of retained cash flow for reinvestment.

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The AI Bottleneck Is Not Chips Anymore and 3 Pipeline Stocks Are Cashing In“These results were primarily driven by increased natural gas and NGL production growth in the Permian,” Fowler said, along with demand for U.S. energy and petrochemical products, increased Haynesville natural gas pipeline volumes, and earnings from assets placed into service during the past year.

Record volumes across the system
Enterprise’s integrated pipeline system transported a record 14.8 million barrels per day equivalent during the quarter, while its marine terminals exported 2.5 million barrels per day of liquid hydrocarbons. Natural gas processing inlet volumes reached a record 8.5 billion cubic feet per day.

3 High-Yield Dividend Stocks With Real Capital Gains Potential in 2026In the Permian, plant inlet volumes climbed 12% from the third quarter of 2025 to a record 4.6 billion cubic feet per day. The partnership said its three-year compound annual growth rate for Permian plant inlet volumes was 19%.

Fowler said projects that began operations in the past 12 months included the company’s 11th Delaware Basin gas processing plant, the Bahia NGL pipeline, Frac 14 at Mont Belvieu, and the second phase of the Neches River NGL Export Terminal.

Enterprise expects to complete two major projects in the fourth quarter: a 300,000-barrel-per-day liquefied petroleum gas export expansion at its Houston Ship Channel terminal and a 300 million-cubic-foot-per-day gas processing plant in the Midland Basin. The LPG expansion is fully contracted and is in the early stages of commissioning, Senior Vice President of Hydrocarbon Marketing Tyler Cott said.

The Houston Ship Channel project is expected to bring Enterprise’s total LPG loading capacity there to about 1.1 million barrels per day. The new Midland processing plant, called Athena, will be the partnership’s 20th processing facility in the Permian and is expected to bring total basin processing capacity to nearly 5 billion cubic feet per day.

Higher Permian gas forecast supports expansion plans
Enterprise increased its forecast for Permian wet natural gas and NGL production growth from 2025 through 2030 to 34%, compared with a 23% forecast issued in April. Its forecast for crude oil production growth changed only modestly, by about 100,000 barrels per day by 2030, Fowler said.

Corey Johnson, senior vice president of fundamentals and commodity risk assessment, attributed the revised gas outlook to shallower natural-gas decline curves, higher gas-to-oil ratios and shifts toward areas and formations with greater gas content. He also cited technology changes, including improvements in drilling, completion equipment and chemical use, which the company believes are increasing total recoveries.

Justin Kleiderer, senior vice president of natural gas assets, said the updated growth curve gives Enterprise more confidence that it will build closer to two Permian processing plants annually, versus a previously cited range of one to two plants per year. He added that the partnership has grown Permian volumes faster than the broader basin and expects that trend to continue.

On downstream infrastructure, Senior Vice President of Unregulated NGLs Zach Strait said Enterprise may build additional fractionators after Frac 15, which is scheduled to begin service in 2028. The company cited longer equipment lead times but said it has flexibility across its storage, fractionation and downstream asset network.

Enterprise also expects its Bahia pipeline extension into the Delaware Basin to enter service in the fourth quarter of 2027. A 400,000-barrel-per-day expansion that would increase Bahia capacity to 1 million barrels per day is expected to begin service in the fourth quarter of 2027 and continue through mid-2028, with power availability representing the critical path.

Capital allocation, returns and leverage
Fowler said Enterprise has $6.3 billion of sanctioned organic projects under construction and continues to favor such investments over acquisitions at what it views as top-of-cycle merger-and-acquisition multiples. He said organic projects historically have offered more consistent returns and fewer surprises.

Enterprise declared a third-quarter distribution of $0.56 per common unit, up 2.8% from the year-earlier quarter. The distribution is scheduled to be paid Nov. 30 to unitholders of record as of Oct. 30.
The partnership repurchased $112 million of common units in the third quarter and $387 million year to date. Cumulative use of its $5 billion buyback authorization reached 36%.
For the 12 months ended Sept. 30, Enterprise returned $5.3 billion to investors through $4.8 billion of distributions and $437 million of buybacks, equal to 54% of adjusted cash flow from operations.
Third-quarter capital investments totaled $1.1 billion, including $900 million for growth projects and $185 million for sustaining capital.

Enterprise expects 2026 growth capital expenditures, net of about $600 million in asset-sale proceeds already received, to range from $2.9 billion to $3.4 billion. It currently expects 2027 growth capital spending to remain around $3 billion, though Fowler said the partnership will provide an update after its annual budget process and review of producer plans. Sustaining capital spending for 2026 is expected to be about $650 million.

As of Sept. 30, Enterprise had $33.7 billion of debt principal outstanding, $4.8 billion of consolidated liquidity and a net leverage ratio of 2.9 times. The company’s leverage target remains between 2.7 times and 3.25 times. Fowler said the balance sheet provides flexibility but that management does not see a need for leverage to move materially below current levels.

Leadership transition
The call marked Jim Teague’s final quarterly earnings call as co-chief executive officer. Teague, who joined Enterprise in 1999, said the company’s enterprise value had grown from less than $2 billion at that time to nearly $120 billion.

Teague credited Enterprise’s growth to its customer-focused culture, teamwork and its efforts over the past two decades to connect major U.S. production basins with Gulf Coast customers and export markets. Fowler will assume the sole CEO role in January.

About Enterprise Products Partners (NYSE:EPD)Enterprise Products Partners L.P. NYSE: EPD is a North American midstream energy partnership headquartered in Houston, Texas. The company provides infrastructure and services for the transportation, storage, processing and export of energy products, connecting producers with domestic and international markets.

Its operations include pipelines, storage facilities, natural gas processing plants, natural gas liquids (NGL) fractionation facilities, and marine terminals. Enterprise handles NGLs such as ethane, propane, butanes and natural gasoline, as well as crude oil, refined products, petrochemicals and natural gas.

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WALL, N.J.--(BUSINESS WIRE)--New Jersey Resources schedules fiscal 2026 fourth quarter and year-end earnings call for 10 a.m. ET on November 19, 2026.

FORT WORTH, Texas--(BUSINESS WIRE)--These IFR-equipped aircraft will support reliable, all-weather air medical operations.

SPS Commerce, Inc. (SPSC) Q3 2026 Earnings Call Transcript

Axalta Coating Systems NYSE: AXTA reported third-quarter 2026 net sales of $1.31 billion, up 2% from a year earlier, as strong Commercial Vehicle performance and favorable foreign exchange helped offset softer Refinish volumes in Europe. Adjusted EBITDA totaled $282 million, down 4% year over year, while adjusted EBITDA margin was 21.5%, extending the company’s streak of margins above 20% to 11 consecutive quarters.

Chief Executive Officer Chris Villavarayan said the company recorded volume growth in three of its four end markets and three of its four regions. Mobility Coatings delivered record quarterly sales and record third-quarter adjusted EBITDA, led by a 24% increase in Commercial Vehicle sales. However, the quarter came in below management’s expectations because European Refinish distributors became more cautious with inventory orders amid a weaker macroeconomic and political environment.

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European Refinish Weighs on Performance Coatings Performance Coatings sales declined 1% year over year to $818 million. Refinish sales fell 2% to $504 million, with lower European volumes more than offsetting favorable price mix and contributions from acquisitions. Chief Financial Officer Carl Anderson said Refinish volumes in Europe declined by a double-digit percentage year over year, while consolidated Refinish volumes declined by a mid-single-digit percentage.

Villavarayan said the company’s European Refinish business had posted five consecutive quarters of record performance before the third quarter. He attributed the downturn primarily to an indirect distribution channel that paused inventory replenishment late in August and September, rather than a broad demand collapse. Axalta expects European Refinish sales to be roughly flat year over year in the fourth quarter.

Despite the quarter’s setback, management said European Refinish sales were up about 5% year to date. The company has made nearly 20 distribution acquisitions in Europe during the past three years and expects those investments, along with body shop wins and pricing, to support future growth.

Industrial sales rose approximately 1% to $314 million, supported by volume growth in Asia-Pacific. Villavarayan said Asia growth was concentrated in electrical applications, including impregnating resins for motors and coatings for battery enclosures. Industrial sales in Asia-Pacific have now grown for seven straight quarters. By contrast, North American demand remained subdued because of weakness in residential and construction-related markets, while Europe was described as resilient but broadly flat in the third quarter.

Performance Coatings adjusted EBITDA fell 11% to $188 million, and its adjusted EBITDA margin was 23%. Axalta cited lower volumes, higher raw-material and freight costs, and investments associated with converting newly won multi-shop operator, or MSO, business. The company expects those conversion activities to accelerate in the fourth quarter and create near-term margin pressure.

Commercial Vehicle Strength Supports Mobility Results Mobility Coatings sales increased 7% to a quarterly record of $493 million. Light Vehicle sales rose 2% to $374 million, primarily reflecting favorable currency translation. Global auto production declined by almost 2% in the quarter, while Axalta’s Light Vehicle volumes were roughly flat, aided by performance in Asia and Latin America.

Commercial Vehicle sales increased 24% to $119 million, with volume growth across all four regions. Management said the business benefited from stronger North American Class 8 production and growth in Commercial Transportation Solutions, which includes applications beyond Class 8 trucks such as ambulances, off-highway equipment and defense-related vehicles.

Mobility Coatings adjusted EBITDA rose 13% to $94 million, while margin expanded 100 basis points to 19%. Anderson credited operational execution, volume leverage and cost management. He said raw-material pass-throughs in Mobility Coatings are expected to improve further in the first quarter of 2027.

Cash Flow, Debt Reduction and Updated Outlook Net income was $95 million, while adjusted diluted earnings per share was $0.63, down 6% year over year. Cash from operating activities was $135 million, and free cash flow rose 3% to $92 million despite approximately $21 million of merger-related cash costs during the quarter.

Through the first nine months of 2026, free cash flow increased 25% to $220 million, including more than $40 million of merger-related payments. Gross debt fell by $211 million year to date to below $3 billion for the first time in company history. Total net leverage ended the quarter at a record low 2.1 times.

Axalta lowered its fourth-quarter sales outlook to approximately flat year over year, compared with its prior expectation for 3% growth. The company now expects fourth-quarter adjusted EBITDA of $254 million to $264 million and adjusted diluted EPS of approximately $0.55. For the full year, Axalta forecast adjusted EBITDA of $1.10 billion to $1.11 billion, adjusted diluted EPS of approximately $2.45, and free cash flow of about $450 million.

Management said higher raw-material costs and freight rates remain a concern. Freight costs rose more than 15% year over year in the third quarter, while raw-material inflation is expected to run at high-single-digit rates in the fourth quarter. Axalta said it is pursuing additional pricing actions and diesel-related freight surcharges.

AkzoNobel Combination Remains on Track Axalta said it has received regulatory clearance in two-thirds of the required jurisdictions for its proposed merger of equals with AkzoNobel. The companies are pursuing divestitures of AkzoNobel’s European Refinish business and Axalta’s North America Building Products business, with closing still expected in early 2027.

The combined company will be named Axanzo and is expected to trade on the New York Stock Exchange under the ticker AXZ after closing. Management reaffirmed its expectation for approximately $600 million in annual run-rate cost synergies, with roughly 90% expected to be captured within the first three years following the transaction’s completion.

About Axalta Coating Systems (NYSE:AXTA)Axalta Coating Systems Ltd. NYSE: AXTA develops, manufactures and sells coatings and coating technologies designed to protect, enhance and improve the appearance of vehicles, equipment and industrial products. Its offerings include liquid, powder and electrocoat products, along with related color-management tools, application technologies and technical services.

The company serves several markets, including automotive original equipment manufacturers, automotive refinish businesses, commercial transportation, industrial equipment, architecture and general manufacturing.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

Should You Invest $1,000 in Axalta Coating Systems Right Now?Before you consider Axalta Coating Systems, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Axalta Coating Systems wasn't on the list.

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ATLANTA--(BUSINESS WIRE)--Floor & Decor Holdings, Inc. (NYSE: FND) (“We,” “Our,” the “Company,” or “Floor & Decor”) announces its financial results for the third quarter of fiscal 2026, which ended September 24, 2026. Brad Paulsen, Chief Executive Officer, stated, “We are pleased with our third-quarter performance, delivering 15% earnings per share growth despite a 1.4% decline in comparable store sales. The earnings growth we delivered this quarter underscores the resilience of our bus.

, /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Fluence Energy, Inc. ("Fluence" or the "Company") (NASDAQ: FLNC). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.

The class action concerns whether Fluence and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

You have until November 30, 2026, to ask the Court to appoint you as Lead Plaintiff for the class if you purchased or otherwise acquired Fluence securities during the Class Period. A copy of the Complaint can be obtained at www.pomerantzlaw.com. 

[Click here for information about joining the class action]

On February 4, 2026, after the market closed, Fluence reported first quarter 2026 financial results, including a GAAP gross profit margin of approximately 4.9%, a 6.5 percentage point decline year over year, due to "additional estimated costs on two projects."  Further, net losses also increased to $62.6 million, compared to a net loss of approximately $57.0 million for the same quarter last year.  Nonetheless, the Company continued to allege that its growth was being fueled by "accelerating data center growth, utility demand and rising industrial loads" and the Company has "been preparing for this inflection in growth with our expanded sales effort, global supply chain and domestic content strategy, which are driving our ability to deliver competitive products to customers around the world."

On this news, Fluence's stock price fell $10.04 per share or 34.63%, to close at $18.95 per share on February 5, 2026.

Then, on August 5, 2026, after the market closed, Fluence announced third quarter financial results, including that revenue of $6.49.8 million was "weaker than expected, primarily reflecting production delays at new contract manufacturing facilities."  Further the Company reported "adjusted gross profit margin of approximately 5.9%, compared to approximately 15.4% in the same quarter last year, primarily reflecting the impact of delays to revenue."  The Company concluded that it "now expects that $400.0 million in project deliveries will be delayed into fiscal 2027 due to production issues at a new international contract manufacturing facility and construction related delays that affected the completion and start-up of a new U.S. contract manufacturing facility."  As a result, the Company slashed its guidance, cutting its fiscal year 2026 revenue guidance by $0.4 billion at the midpoint, and its adjusted EBITDA guidance by $60 million at the midpoint, a -120% change.

On this news, Fluence's stock fell $1.02 per share, or 7.17%, to close at $13.21 per share on August 6, 2026.

Finally, on September 16, 2026, Fluence announced a mid-quarter guidance update, revealing that, among other things, the Company was cutting its full year revenue guide again, this time by approximately $0.6 billion, to $2.4 billion.  The Company also dramatically cut its full year adjusted EBITDA guide from negative $10 million, to negative $200 million.  The Company attributed the revision to ongoing "delays in the ramp-up of our contract manufacturing facility."

On this news, Fluence's stock price fell $1.39 per share, or 15.36%, to close at $7.66 per share on September 17, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising.  Prior results do not guarantee similar outcomes.  

CONTACT:

Danielle Peyton

Pomerantz LLP

[email protected]

646-581-9980 ext. 7980

SOURCE Pomerantz LLP

NEW YORK--(BUSINESS WIRE)---- $CXM #CX--Sprinklr (NYSE: CXM), the definitive, AI-native platform for Unified Customer Experience Management (Unified-CXM), today announced the 2026 CXUnifier Award winners, celebrating organizations setting new standards for customer experience excellence through innovation, exceptional execution and measurable impact for their customers, brands and businesses. “The CXUnifier Awards recognize the very best of what's possible when organizations put customers at the center of h.

OSI Systems, Inc. (OSIS) Q1 2027 Earnings Call October 29, 2026 4:30 PM EDT

Company Participants

Alan Edrick - Executive VP & CFO
Ajay Mehra - President, CEO & Director

Conference Call Participants

Josh Nichols - B. Riley Securities, Inc., Research Division
John Godyn - Citigroup Inc., Research Division
Christopher Glynn - Oppenheimer & Co. Inc., Research Division
Lawrence Solow - CJS Securities, Inc.
Seth Seifman - JPMorgan Chase & Co, Research Division
Jeff Martin - ROTH Capital Partners, LLC, Research Division

Presentation

Operator

Good day, and thank you for standing by. Welcome to the OSI Systems, Inc. First Quarter Fiscal 2027 Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your speaker today, Alan Edrick, Chief Financial Officer. Sir, please go ahead.

Alan Edrick
Executive VP & CFO

Well, thank you. Good afternoon, and thank you for joining us. I'm Alan Edrick, Executive Vice President and CFO of OSI Systems, and I'm here today with Ajay Mehra, OSI's President and CEO. Welcome to the OSI Systems Fiscal '27 First Quarter Conference Call. We are pleased that you can join us as we review our financial and our operational results.

Today's discussion will include forward-looking statements, and the company wishes to take advantage of the safe harbor provision of the Private Securities Litigation Reform Act of 1995 with respect to such statements. All forward-looking statements made in this call are based on currently available information, and the company undertakes no obligation to update any forward-looking statement based on subsequent events or new information or otherwise. We will also reference both GAAP and non-GAAP financial measures. Applicable reconciliations are available in today's earnings release.

On our August call, we told you three things about fiscal '27, that we have built our guidance factoring

Ares Management NYSE: ARES reported third-quarter results marked by continued growth in assets under management, fundraising and fee-related earnings, while management said its diversified investment platform helped offset uneven transaction activity in certain markets.

The company ended the quarter with $691 billion of assets under management, up 16% from a year earlier, and $416 billion of fee-paying AUM, up 13%. Ares invested $35 billion during the quarter and raised more than $31 billion of gross capital, according to Chief Executive Officer Michael Arougheti.

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Ares also declared a quarterly dividend of $1.35 per share on its Class A and non-voting common stock, an increase of more than 20% from the dividend paid for the same quarter a year earlier. The dividend is payable Dec. 31 to shareholders of record on Dec. 17.

Fee Earnings Rise as Fundraising Broadens Management fees were nearly $1.1 billion in the third quarter, a 10% increase from the prior-year period. Chief Financial Officer Jarrod Phillips said the growth reflected deployment in European direct lending and alternative credit, fundraising in perpetual vehicles, and expansion across real assets businesses.

Fee-related earnings totaled $524 million, while the fee-related earnings margin reached 42.5%, compared with 41.4% a year earlier. For the first nine months of 2026, fee-related earnings rose 19% to $1.5 billion and the margin expanded by about 100 basis points to 42.4%.

After-tax realized income per share was $1.26 for the quarter. Through the first nine months, realized income increased 20% to $1.5 billion, and after-tax realized income per share rose 15% to $3.79.

Phillips said Ares expects full-year fee-related earnings growth to fall within its 16% to 20% annualized target range. The company expects 2026 fee-related earnings margin expansion to come in slightly above the midpoint of its 0 to 150 basis-point annual target range. A later-than-expected first close for its digital infrastructure fund reduced expected margin benefits this year, but management expects greater contributions in 2027, including catch-up fees.

Ares ended the quarter with $174 billion of available capital. Of that amount, $117 billion was not yet generating fees, including roughly $94 billion available for deployment. Phillips said deployment or stabilization of the relevant assets could generate more than $800 million in potential incremental annual management fees, subject to assumptions disclosed in the company’s earnings materials.

Direct Lending, Infrastructure and Real Estate Fundraising Ares raised nearly $15 billion in credit during the quarter despite having no limited partner closings in its large flagship commingled credit fund families. The capital came from open-ended institutional funds, separately managed accounts and wealth vehicles.

The company recently held a first close totaling more than $8 billion of equity commitments for its latest U.S. senior direct lending institutional funds. Ares said the combined first close for its fourth closed-end U.S. senior direct lending fund and first institutional open-ended core product represented 80% of its target and was 60% larger than the prior vintage’s first close. Including anticipated fund-level leverage, the closings represent about $15 billion of total investable capital.

In real estate, Ares completed the final close of its fifth Japan Logistics Development Fund at its $4 billion hard cap. The fund was oversubscribed and nearly 50% larger than its predecessor. The company also launched its fifth U.S. opportunistic real estate equity fund and reported nearly $3 billion of year-to-date LP equity commitments for its real estate debt platform.

Infrastructure fundraising included approximately $2.7 billion of equity commitments in Ares’ open-ended core infrastructure fund during the third quarter. Arougheti said it was the largest quarterly wealth-channel fundraising amount for any Ares fund. The core infrastructure fund had about $8.5 billion of AUM at quarter-end.

In secondaries, Ares’ inaugural Global Structured Solutions fund closed with $4.2 billion of total capital, exceeding its initial $1 billion target. The firm also expects its 10th real estate secondaries fund to complete a first close by year-end at more than half of its initial $2.5 billion target.

Deployment Shifts as U.S. Direct Lending Activity Improves Arougheti said the company’s most active deployment areas during the quarter were European direct lending, alternative credit and infrastructure equity. U.S. direct lending was slower because of muted merger-and-acquisition activity, but he said transactions had begun closing early in the fourth quarter and the pipeline remained at record levels.

“I don’t read across high rates to mean slower deployment,” Arougheti said in response to an analyst question. He pointed to the aging base of private equity-owned companies and private equity dry powder, while noting that slower primary-market activity can create opportunities in opportunistic credit, secondaries, credit secondaries and GP solutions.

Ares agreed to purchase a $1.1 billion direct lending portfolio from an institutional investor, with the transaction expected to close through the fourth quarter. Arougheti said the portfolio was largely performing rather than distressed and that the firm could see additional portfolio-acquisition opportunities as investors reposition holdings.

The company also referenced Ares Capital Corporation’s announced acquisition of MidCap Financial Investment Corporation, which is expected to close in the first half of 2027, subject to customary conditions and shareholder approval.

Credit Performance and Rate Outlook Ares said 83% of debt assets in its credit group were floating rate at quarter-end. Arougheti said higher base rates generally support returns for credit fund investors and profitability for the firm, though they also increase borrowers’ interest expense.

The company reported interest coverage of 2.1 times in its U.S. direct lending portfolio and 2.3 times in its European direct lending portfolio. U.S. direct lending non-accruals improved to 1.8% from 1.9% in the preceding quarter. Loan-to-value ratios remained near historic lows in the mid-40% range, Phillips said.

For the quarter, Ares reported gross returns of 3.6% for its Pathfinder alternative credit series, 3.3% for U.S. senior direct lending, 2.2% for European direct lending, 5% for APAC credit and 3.7% for infrastructure equity.

Realized net performance income was $12 million in the quarter. The company now expects full-year realized performance income of $300 million to $325 million, implying $160 million to $185 million in the fourth quarter. Phillips said roughly 90% of expected fourth-quarter performance income would come from European waterfall-style funds and that much of the expected amount was based on anticipated payments from existing credit-fund portfolios rather than a substantial pickup in transaction activity.

Digital Infrastructure Focuses on Data Centers and Power Arougheti said Ares sees more than $5 trillion of estimated capital expenditure needs through 2030 tied to digital infrastructure and artificial intelligence. He said about $2 trillion relates to physical data centers, power generation and transmission, while roughly $3 trillion concerns GPUs and chips.

The firm is concentrating its digital infrastructure strategy on data centers and related power infrastructure rather than GPU financing. Arougheti said Ares is targeting projects in major markets including Tokyo, Osaka, London, Atlanta, Amsterdam and São Paulo, with facilities pre-leased to investment-grade hyperscale counterparties under 12- to 15-year leases with no termination provisions and inflation escalators.

Blair Jacobson, co-president of Ares, said the firm’s projects are generally distinct from financings that have faced pressure in bond markets because Ares is pursuing pre-leased projects with stronger counterparties and financing needs typically in the $3 billion to $5 billion range.

About Ares Management (NYSE:ARES)Ares Management Corporation NYSE: ARES is a global alternative investment manager that provides investment solutions across credit, private equity, real assets and secondaries. The company manages capital on behalf of institutional investors, pension funds, insurance companies, sovereign wealth funds, family offices and individual investors.

Its investment activities include direct lending and other credit strategies, control and minority investments in private companies, real estate and infrastructure investments, and secondary-market transactions involving private assets and fund interests.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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Is Zoom Video Stock Getting Too Cheap to Pass Up?Avery Dennison NYSE: AVY reported third-quarter 2026 results that exceeded its expectations, supported by a slower-than-anticipated pace of customer inventory destocking in its Materials Group and operational execution across the business.

Adjusted earnings per share rose 2% year over year to $2.42, while reported sales increased 5% to $2.3 billion. Organic sales grew 4%, aided by low-single-digit price realization and volume-mix growth, Chief Financial Officer Greg Lovins said. The Taylor Adhesives acquisition contributed more than one percentage point to reported sales growth.

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3 high-quality dividend growers to buy on the dipPresident and Chief Executive Officer Deon Stander said inventory management reduced third-quarter sales growth by an estimated two percentage points and adjusted EPS by about $0.15. Excluding that effect, the company estimated underlying organic sales growth of roughly 6% and adjusted EPS growth of about 8%.

Materials and Solutions results Materials Group sales rose 8.5% to $1.6 billion, including 5% organic growth. Customer destocking represented an approximately three-point headwind to the segment’s organic growth, Lovins said. Both high-value and base categories posted mid-single-digit organic growth, with high-value growth led by specialty and durable labels and performance materials.

International Paper's 5% Yield Offers Big ValueMaterials Group adjusted EBITDA increased slightly from the prior year, though its adjusted EBITDA margin declined about one percentage point to 16.4%. Lovins attributed the decline primarily to the percentage-margin impact of pricing actions taken to offset raw-material inflation and higher employee-related costs. Those factors more than offset productivity savings.

Stander said destocking was largely concentrated in Europe and parts of Asia. The company said it expects most of the remaining customer inventory unwind to occur in Europe during the fourth quarter and to be largely completed by year-end.

Solutions Group reported sales of $687 million, down 1.8%, while organic sales increased 1%. Base categories grew at a low-single-digit rate, while high-value categories were comparable with the prior-year period. Embelex grew at a mid-single-digit rate despite comparisons against a World Cup-related benefit in the prior year, while Vestcom grew low single digits.

Solutions Group adjusted EBITDA increased year over year and its adjusted EBITDA margin expanded 80 basis points to 17.8%, as productivity initiatives more than offset higher employee-related expenses. Lovins said a majority of the company’s restructuring benefits have been generated in Solutions Group, and management continues to see opportunities for margin improvement in the business.

Intelligent Labels developments Enterprise-wide Intelligent Labels sales increased at a low-single-digit rate. Sales in apparel and general retail rose about 10%, driven by program expansions and a recovery in general retail, according to Stander. He said Intelligent Labels apparel sales themselves increased roughly double digits during the quarter.

Food-category adoption continued to gain traction as Avery Dennison ramped another large grocery customer, expanded pilots, and added a third large grocer in the early stages of commercial rollout. Stander said the company expects that rollout to accelerate through the fourth quarter and into 2027.

The commercial rollout of the company’s fresh-food program with Walmart is now expected to ramp during 2027, rather than in the second half of 2026. Stander said the timing shift reflects the nature of large-scale deployments and that Walmart’s leadership reaffirmed its commitment to the technology.

Logistics-related Intelligent Labels sales declined by double digits as the company faced normalization from outsized share gains in 2025 and softer customer demand. Management said it continues to expand pilots with logistics providers and expects the impact from share normalization at its largest customer to be largely mitigated as it moves through the current cycle.

Guidance, cash flow and capital allocation Avery Dennison narrowed its full-year adjusted EPS guidance range to $10.10 to $10.24 and slightly raised the midpoint. The midpoint implies approximately 7% year-over-year adjusted EPS growth, the company said.

Management expects full-year reported sales growth of approximately 5.5%, including organic sales growth of about 3.5%, roughly 1.5 percentage points from currency translation and about one percentage point from the Taylor Adhesives acquisition. The company expects a calendar adjustment to reduce sales growth by about 40 basis points for the year, with an approximately 1.5% fourth-quarter sales headwind.

Lovins said the company expects more than $65 million of restructuring savings for 2026 and estimated that actions taken this year could provide roughly $0.20 of year-over-year benefit in 2027. The company expects capital expenditures of approximately $240 million this year and targets free-cash-flow conversion above 100% of net income.

Third-quarter adjusted free cash flow was $246 million, bringing year-to-date adjusted free cash flow to $716 million. Net debt to adjusted EBITDA improved to 2.2 times. Avery Dennison returned approximately $135 million to shareholders during the quarter through $75 million of dividends and $60 million of share repurchases, bringing year-to-date shareholder returns to more than $480 million.

The company also announced that Helen Sheirbon will become president of Solutions Group effective Nov. 3. Sheirbon most recently served as senior vice president and chief operating officer of Global HP Solutions.

About Avery Dennison (NYSE:AVY)Avery Dennison Corporation NYSE: AVY is a global materials science and manufacturing company that develops and produces labeling, packaging, graphic, and functional materials. Its products are used by businesses across industries including consumer goods, retail, logistics, apparel, automotive, healthcare, and industrial manufacturing.

The company's offerings include pressure-sensitive labels and label materials, adhesives, industrial and specialty tapes, graphic films, and packaging materials.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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Three new business awards span range-extended, battery-electric and hybrid vehicle applicationsPrograms awarded by leading original equipment manufacturers Production expected to begin between 2027 and 2028, /PRNewswire/ -- BorgWarner has secured multiple eMotor business awards in China for a range of electrified and hybrid vehicle programs. The new business broadens the company's customer base, expands the application of its eMotor technologies and further strengthens BorgWarner's electrified propulsion portfolio in China.

BorgWarner Wins Multiple eMotor Business Awards in China "We are pleased to establish and expand our eMotor business with customers across China," said Isabelle McKenzie, Vice President of BorgWarner Inc. and President and General Manager, PowerDrive Systems. "The breadth of these programs demonstrates our ability to address diverse application requirements through strong product performance, cost optimization and localized manufacturing. With our established engineering and production footprint in China, we are well positioned to support customers as they develop their next generation of electrified vehicles."

The awards include BorgWarner's first eMotor program with the China joint venture operations of a leading global original equipment manufacturer (OEM). The company will supply its high-voltage hairpin P1 eMotor stator and rotor assemblies for the customer's next-generation range-extended vehicle platform. Delivering 115kW of peak power, up from 100kW in the previous generation, the motor is designed to provide additional power during rapid acceleration while supporting efficient electricity generation during range-extending operation. The eMotor design features an optimized cooling structure and increased efficiency across the operating-range to support overall vehicle efficiency and reliability requirements.

BorgWarner will also continue to supply high-voltage hairpin main drive eMotor stator and rotor assemblies for a leading Chinese new energy vehicle OEM's next-generation SUV platforms. Designed for a 715V high-voltage architecture, the solution delivers 300kW of peak power and 495Nm of peak torque. The customized stator and permanent-magnet rotor assemblies provide the high power and torque density required for demanding traction applications.

In another program, BorgWarner will supply stator and rotor assemblies for a 130kW P2 eMotor to an electric drive system supplier. Featuring BorgWarner's proprietary S-winding technology, the motor uses a continuous-wave winding configuration designed to support compact packaging, low alternating-current losses and high-power density. The eMotor will be integrated into hybrid propulsion systems for several vehicle programs intended for global markets.

 BorgWarner's next generation eMotor products deliver advancements in power output, power density and energy efficiency. Optimized electromagnetic designs and cooling structures increase peak efficiency and extend the high-efficiency operating range, helping reduce vehicle energy consumption across a broader range of operating conditions. BorgWarner's internally developed design and local manufacturing footprint enable fast to market products with consistent quality, and reliable delivery.

About BorgWarner

For more than 130 years, BorgWarner has been a transformative global product leader bringing successful mobility innovation to market. With a focus on sustainability, we're helping to build a cleaner, healthier, safer future for all.

Forward-Looking Statements: This press release contains forward-looking statements as contemplated by the 1995 Private Securities Litigation Reform Act that are based on management's current outlook, expectations, estimates and projections. Words such as "anticipates," "believes," "continues," "could," "designed," "effect," "estimates," "evaluates," "expects," "forecasts," "goal," "guidance," "initiative," "intends," "may," "outlook," "plans," "potential," "predicts," "project," "pursue," "seek," "should," "target," "when," "will," "would," and variations of such words and similar expressions are intended to identify such forward-looking statements. Further, all statements, other than statements of historical fact contained or incorporated by reference in this press release that we expect or anticipate will or may occur in the future regarding our business strategy, competitive strengths, goals, expansion and growth of our business and operations, plans, references to future success and other such matters, are forward-looking statements. All forward-looking statements are based on assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions and expected future developments, as well as other factors we believe are appropriate under the circumstances. Forward-looking statements are not guarantees of performance, and the Company's actual results may differ materially from those expressed, projected or implied in or by the forward-looking statements.

You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Forward-looking statements are subject to risks and uncertainties, many of which are difficult to predict and generally beyond our control, that could cause actual results to differ materially from those expressed, projected or implied in or by the forward-looking statements. These risks and uncertainties, among others, include: the possibility that our eMotors technology will not achieve its intended benefits; the supply disruptions impacting us or our customers, commodity availability and pricing; conditions in the automotive industry; competitive challenges from existing and new competitors, including original equipment manufacturer ("OEM") customers; the challenges associated with rapidly changing technologies, including artificial intelligence, and our ability to innovate in response; potential future changes in laws and regulations, including, by way of example, taxes and tariffs, in the countries in which we operate; potential disruptions in the global economy caused by wars or other geopolitical conflicts; our dependence on automotive and truck production, which is highly cyclical and subject to disruptions; our reliance on major OEM customers; impacts of any future strikes involving any of our OEM customers and any actions such OEM customers take in response; fluctuations in interest rates and foreign currency exchange rates; our dependence on information systems; the uncertainty of the global economic environment; the uncertainty surrounding global trade policies, including tariffs and export restrictions, and their impacts on the Company, its customers and its suppliers; the outcome of existing or any future legal proceedings, including litigation with respect to various claims, or governmental investigations, including related litigation; impacts from any potential future acquisition or disposition transactions; and the other risks discussed in reports that we file with the Securities and Exchange Commission, including in Item 1A, "Risk Factors" in our most recently-filed Annual Report on Form 10-K and/or Quarterly Report on Form 10-Q. We do not undertake any obligation to update or announce publicly any updates to or revisions to any of the forward-looking statements in this release to reflect any change in our expectations or any change in events, conditions, circumstances, or assumptions underlying the statements.

SOURCE BorgWarner

Wins include both variable turbine geometry (VTG) and wastegate turbochargersTechnology to deploy in customer's light-vehicle gasoline platformsTurbochargers help reduce emissions and improve fuel efficiency, /PRNewswire/ -- BorgWarner, a global product leader in delivering innovative and sustainable mobility solutions, has captured three conquest business wins with a global powertrain technology leader, including one contract for its variable turbine geometry (VTG) turbocharger and two for its wastegate turbocharger. The technology will be used on the customer's light-vehicle gasoline platforms in South America and Europe.

BorgWarner has captured three conquest business wins with a global powertrain technology leader, including one contract for its variable turbine geometry (VTG) turbocharger and two for its wastegate turbocharger.

BorgWarner's VTG turbochargers for gasoline applications are designed to provide reliable operation under demanding operating conditions while meeting high-boost pressure requirements. Engineered for excellent thermodynamic adaptation to Miller-cycle gasoline engines and exhaust temperatures of up to 1050°C, the technology improves thermodynamic efficiency while delivering strong engine response at lower RPMs for nearly instant acceleration and optimum power output. Additionally, the technology helps reduce emissions, improve fuel efficiency and enhance transient performance.

"We value our longstanding relationship with this global leader in powertrain technology and the opportunity to support its evolving business and broader commodity strategy," said Dr. Volker Weng, Vice President of BorgWarner Inc. and President and General Manager, Turbos and Thermal Technologies. "These contracts reflect the trust we have established with the customer and the strength of our offerings, including competitive solutions and deep technical expertise. We look forward to continuing to support the customer with innovations that deliver lasting value."

Meeting the highest quality standards, BorgWarner's wastegate turbochargers feature scalable compressor and turbine stages that can be tailored to individual customer requirements. Designed for gasoline applications, the turbochargers deliver excellent response and power density, improved noise, vibration and harshness (NVH), enhanced fuel economy and reduced emissions. Offering many of the same advanced features as the VTG turbocharger, the wastegate turbocharger is available with single- and twin-scroll, as well as dual-volute turbine designs. It provides both pneumatic and electric actuation for the wastegate and integrated compressor recirculation valve and has a dedicated compressor and turbine stages.

Start of production for all three turbochargers is scheduled for 2027.

About BorgWarner

For more than 130 years, BorgWarner has been a transformative global product leader bringing successful mobility innovation to market. With a focus on sustainability, we're helping to build a cleaner, healthier, safer future for all.

Forward Looking Statements: This release may contain forward-looking statements as contemplated by the 1995 Private Securities Litigation Reform Act that are based on management's current outlook, expectations, estimates and projections. Words such as "anticipates," "believes," "continues," "could," "designed," "effect," "estimates," "evaluates," "expects," "forecasts," "goal," "guidance," "initiative," "intends," "may," "outlook," "plans," "potential," "predicts," "project," "pursue," "seek," "should ," "target," "when," "will," "would," and variations of such words and similar expressions are intended to identify such forward-looking statements. Further, all statements, other than statements of historical fact, contained or incorporated by reference in this release that we expect or anticipate will or may occur in the future regarding our business strategy, competitive strengths, goals, plans, references to future success and other such matters, are forward-looking statements. All forward-looking statements are based on assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions and expected future developments, as well as other factors we believe are appropriate under the circumstances. Forward-looking statements are not guarantees of performance, and the Company's actual results may differ materially from those expressed, projected or implied in or by the forward-looking statements. 

You should not place undue reliance on these forward-looking statements, which speak only as of the date of this release. Forward-looking statements are subject to risks and uncertainties, many of which are difficult to predict and generally beyond our control, that could cause actual results to differ materially from those expressed, projected or implied in or by the forward-looking statements. These risks and uncertainties, among others, include: the possibility that our turbochargers may not achieve their intended benefits; the supply disruptions impacting us or our customers; commodity availability and pricing; conditions in the automotive industry; competitive challenges from existing and new competitors, including original equipment manufacturer ("OEM") customers; the challenges associated with rapidly changing technologies, including artificial intelligence, and our ability to innovate in response; potential future changes in laws and regulations, including, by way of example, taxes and tariffs, in the countries in which we operate; potential disruptions in the global economy caused by wars or other geopolitical conflicts; our dependence on automotive and truck production, which is highly cyclical and subject to disruptions; our reliance on major OEM customers; impacts of any future strikes involving any of our OEM customers and any actions such OEM customers take in response; fluctuations in interest rates and foreign currency exchange rates; our dependence on information systems; the uncertainty of the global economic environment; the uncertainty surrounding global trade policies, including tariffs and export restrictions, and their impacts on the Company, its customers and its suppliers; the outcome of existing or any future legal proceedings, including litigation with respect to various claims, or governmental investigations, including related litigations; impacts from any potential future acquisition or disposition transactions; and the other risks discussed in reports that we file with the Securities and Exchange Commission, including in Item 1A, "Risk Factors" in our most recently-filed Annual Report on Form 10-K and/or Quarterly Report on Form 10-Q. We do not undertake any obligation to update or announce publicly any updates to or revisions to any of the forward-looking statements in this release to reflect any change in our expectations or any change in events, conditions, circumstances, or assumptions underlying the statements. 

SOURCE BorgWarner

SAN FRANCISCO--(BUSINESS WIRE)--Twilio (NYSE: TWLO), the infrastructure for customer engagement in the AI era, reported financial results for its third quarter ended September 30, 2026. “Q3 was a great quarter for Twilio, driven by disciplined execution and broad-based strength across our product portfolio,” said Khozema Shipchandler, CEO of Twilio. “Consumer AI has accelerated AI development, and its adoption demands fast, reliable infrastructure built for AI speed. Twilio is well positioned t.

Albany International NYSE: AIN reported record third-quarter revenue as growth in its Engineered Composites segment and a renegotiated CH-53K helicopter contract helped lift results above the company’s revised outlook range.

Third-quarter revenue rose 34% year over year to $349.5 million, while adjusted EBITDA reached $100.1 million and adjusted diluted earnings per share were $1.68. President and CEO Gunnar Kleveland said the quarter marked a transition from resolving legacy issues toward pursuing growth opportunities across commercial aerospace, defense, missiles, hypersonics and next-generation aircraft programs.

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“Our major programs are continuing to ramp, our execution continues to improve, the portfolio contains materially less program risk, and we’re winning new business,” Kleveland said.

CH-53K Agreement Removes Legacy Uncertainty
A central development in the quarter was Albany’s agreement with Sikorsky to revise the economics of the CH-53K program. The company said the agreement provides a more stable foundation for its Salt Lake City manufacturing facility and improves the program’s long-term economics.

Acting CFO Sean Valashinas said the renegotiated contract contributed approximately $12 million to third-quarter revenue and $44 million to adjusted EBITDA. It also added $33.4 million to gross profit. The company had recorded significant charges related to the program in the prior-year period, when the launch of its strategic review reduced revenue by about $46 million and operating profit by about $147 million.

Adjusted EBITDA for the company was 28.6% of sales, benefiting from the CH-53K reversal as well as tariff refunds and other discrete items. Gross profit was $140.4 million, or 40.2% of revenue, compared with a gross loss of $49.9 million in the prior-year quarter.

Operating income was $59.4 million, compared with an operating loss of $116.5 million a year earlier. Free cash flow totaled $36.5 million, up from $25.7 million in the prior-year period, aided by the amended contract, tariff refunds and a vendor credit.

Engineered Composites Sets Revenue Record
Engineered Composites generated a segment-record $179.7 million in revenue during the quarter. Growth came from higher production activity on LEAP engine components, Boeing platforms, CH-53K and missile programs. The segment also benefited from tooling pulled forward for a next-generation contract with a defense prime contractor.

Segment adjusted EBITDA was $65.6 million, or 36.5% of sales, compared with a loss of $134.6 million in the prior-year period. Excluding the CH-53K-related impacts and other specified items, Valashinas said the underlying Engineered Composites EBITDA margin was approximately 12.5% for the quarter.

Management said that 12.5% margin is a reasonable starting point for the fourth quarter and early 2027, with margin improvement expected in subsequent quarters. Valashinas said the company aims to exit 2027 with Engineered Composites margins in the mid-teens, supported by pricing gains, higher production volumes, contract changes and the removal or renegotiation of contracts that had been in loss positions.

Kleveland said growth in the segment continues to be led by existing programs, including LEAP, Boeing one-piece frames, missile products and engine applications. The company expects newer programs to contribute more meaningfully during 2027.

Missile and Hypersonic Opportunities Expand
Albany highlighted increased activity in missile programs, including JASSM and LRASM, where it is already seeing demand growth and contract ramps. Kleveland said that program ramps historically can take 12 to 36 months after qualification, but current market demand could accelerate that timing.

The company received a $21.2 million Industrial Base Analysis and Sustainment, or IBAS, award to complement investments in ceramic matrix composites. Kleveland said the funding will help Albany build a more vertically integrated capability by adding machining, inspection and densification capacity. He said the company expects limited additional investment from its own capital for that build-out.

Albany also cited a teaming agreement with Lockheed Martin related to hypersonic missile development. Kleveland said the company has existing capabilities to serve opportunities in 2027 and 2028, while the full benefits of expanded capacity could emerge over a longer period.

Machine Clothing Maintains Margins Amid Mixed Demand
Machine Clothing revenue was $169.8 million, modestly below the prior-year level. Management attributed the decline primarily to customer consolidation and capacity rationalization in the Americas, as well as softer demand in South America.

Europe remained stable, while China showed signs of stabilization for a fourth consecutive quarter, though management said visibility in the region remains limited. Demand for tissue and packaging products remained favorable, particularly in Asia, partially offsetting declines in publication grades and softness in South America.

The segment produced adjusted EBITDA of $46.3 million and a 27.2% margin. Valashinas said margins contracted slightly from the prior year because of unfavorable regional mix and lower volume, but continued to reflect cost discipline, operational execution and efficiency initiatives.

Albany continues to expect full-year Machine Clothing revenue to be slightly lower than in 2025. Kleveland also said the company remains on track to recover volumes affected by an equipment failure by year-end, with a replacement machine expected to be operational by the end of 2026.

Fourth-Quarter Outlook
For the fourth quarter, Albany maintained its forecast for consolidated revenue of $325 million to $335 million. The company expects adjusted diluted EPS of $0.65 to $0.75 and an effective tax rate of approximately 29.5%.

Capital expenditures were $12.2 million in the third quarter, down from $18.3 million a year earlier, as facility optimization reduced spending. Albany ended the quarter with $79.1 million of cash and $422.1 million of total debt, for net debt of approximately $343 million. Including revolver availability, the company said it had roughly $457 million of available capital.

Management said it will provide updated long-term targets and a 2030 outlook at its Investor Day in New York City in December.

About Albany International (NYSE:AIN)Albany International Corporation is an advanced materials and engineered products company serving the paper, aerospace and defense industries. Founded in 1895, the company develops and manufactures specialized textiles, composite materials and related process technologies for industrial applications.

Albany International operates through two primary businesses. Its Machine Clothing segment produces engineered fabrics and process belts used in paper manufacturing, including forming fabrics, press felts, dryer fabrics and other products that support papermaking efficiency and quality.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--SentinelOne® (NYSE: S) announced it has received a Pax8 Beyond Partner's Most Valuable Vendor Award in EMEA.

Silver: ⬇️ Sell

– Silver broke key support level 55.00

– Likely to fall to support level 50.00

Silver recently broke the support zone between the key support level 55.00 (which stopped wave (1) in the middle of July, wave B at the start of August and wave 3 in the middle of October) and the support trendline of the daily down channel from the end of August.

The breakout of this support zone accelerated the active impulse wave 5 of the intermediate impulse wave (3) from the end of August.

Given the strong daily downtrend, Silver can be expected to fall further toward the next round support level 50.00 – target price for the completion of the active impulse wave (3).

FxProhttp://www.fxpro.co.uk/?ib=606792

FxPro is an award-winning online broker offering Contracts for Difference (CFDs) on forex, futures, spot indices, shares, spot metals and spot energies. FxPro serves clients in over 150 countries worldwide and offers multilingual customer support 24/5. Trading CFDs involves significant risk of loss.

The Australian Dollar (AUD) trades subduedly at around 0.7025 against the US Dollar (USD) during the European trading session on Friday. The Aussie pair edges down as the US Dollar recovers its early losses, with financial markets turning cautious ahead of United States (US) mid-term elections next week.

As of writing, the US Dollar Index (DXY), which gauges the Greenback’s value against six major currencies, trades almost flat at around 101.82.

US midterms set stage for divided government and policy gridlock risksAnalysts at Commerzbank argue that the US is “heading towards what is known as a ‘divided government’,” with a likely split between the White House and Congress. They note that in key areas for President Trump, “such as foreign and trade policy, he has in any case relied primarily on executive orders recently,” meaning much of his agenda can continue even if legislative progress slows.

On the economic data front, preliminary US Q3 Gross Domestic Product (GDP) data has come in stronger-than-expected.

Economists at Commerzbank highlight that the US economy “expanded strongly by 3.4% in the third quarter of 2026,” with the Q3 GDP advance estimate coming in at “3.4% qoq annualised (Bloomberg consensus: 3.2%) vs 2.2% in Q2.” They note that “private consumption was the main driver and expanded 3.8%, at the same pace as Q2,” while “business investment, particularly in IT,” also contributed significantly to the robust outturn. At the same time, price pressures eased, with Commerzbank pointing out that “the GDP price index eased to 2.3% from 6.1% in Q2.”

However, the bank has warned that the economic growth could moderate amid concerns over Artificial Intelligence (AI) spending plans by hyperscalers.

Commerzbank has attributed this anticipated moderation to the fact that “financing conditions are no longer quite as favorable, and the boost from the AI boom is expected to subside, as is the stimulus from fiscal policy.”

On the Aussie front, the domestic Q3 and September Consumer Price Index (CPI) data arrived stronger this week.

Month-on-Month (MoM) CPI grew strongly by 0.8% vs. 0.7% estimates and the prior release of 0.4%. In the July-September period, price pressures rose in line with estimates of 1.3%, faster than the previous reading of 0.6%.

AUD/USD Technical Analysis

In the daily chart, AUD/USD trades at 0.7027. The pair holds a slight bullish bias as price remains just above the 20-period exponential moving average (EMA) at 0.7013, hinting at emerging underlying demand after the recent recovery from sub-0.70 levels.

The Relative Strength Index (RSI) at 51.7 is close to neutral but tilts higher, suggesting that upward momentum is modest yet constructive rather than overstretched.

On the downside, immediate support is seen at the 20-period EMA at 0.7013, with the 0.70 region acting as a broader psychological floor should sellers regain control. Looking up, the October 29 high at 0.7068 is the initiate hurdle; a decisive break above the same would strengthen the case for further upside towards the September 23 high at 0.7119.

(The technical analysis of this story was written with the help of an AI tool. Know more.)

Economic Indicator Quarterly Consumer Price Index (QoQ) The Consumer Price Index (CPI), released by the Australian Bureau of Statistics on a quarterly basis, measures the changes in the price of a fixed basket of goods and services acquired by household consumers. The quarterly CPI data series are calculated as the average of the three relevant monthly CPIs. The QoQ reading compares prices in the reference quarter to the previous quarter. A high reading is seen as bullish for the Australian Dollar (AUD), while a low reading is seen as bearish.

Read more.

The quarterly Consumer Price Index (CPI) published by the Australian Bureau of Statistics (ABS) has a significant impact on the market and the AUD valuation. The gauge is closely watched by the Reserve Bank of Australia (RBA), in order to achieve its inflation mandate, which has major monetary policy implications. Rising consumer prices tend to be AUD bullish, as the RBA could hike interest rates to maintain its inflation target. The data is released nearly 25 days after the quarter ends.

DAVIDSON, N.C.--(BUSINESS WIRE)---- $CW--Curtiss-Wright announced a $30M capital investment to expand its Round Rock, Texas facility, supporting nuclear energy and industrial applications.

, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Integra LifeSciences Holding Corporation ("Integra" or the "Company") (NASDAQ: IART). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.

The investigation concerns whether Integra and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

On October 2, 2026, Integra pre-announced disappointing operational performance and cut its full-year 2026 revenue guidance range by $30.5 million at the midpoint.  The Company revealed that severe flooding at its Cincinnati facility in July 2026 had caused widespread operational disruptions, impacting third-quarter revenues by roughly $7 million and creating an anticipated $15 million to $20 million headwind for the fourth quarter.  

On this news, Integra's stock price fell $3.41 per share, or 21.2%, to close at $12.68 per share on October 2, 2026. 

Then, on October 21, 2026, Integra released its finalized third-quarter 2026 financial results, confirming a revenue miss of $411.2 million against internal and analyst expectations.  The Company admitted that the Cincinnati facility disruption was worse than originally anticipated and disclosed that execution pressure and competitive headwind constraints had driven an organic revenue contraction of 2.2% within its critical Tissue Reconstruction segment.  

On this news, Integra's stock price fell $1.17 per share, or 8.76%, to close at $12.16 per share on October 21, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes. 

CONTACT:

Danielle Peyton

Pomerantz LLP

[email protected]

646-581-9980 ext. 7980

SOURCE Pomerantz LLP

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) today reported net income of $29 million, or $0.54 in diluted earnings per share (EPS), on total net revenues of $469 million for the third quarter of 2026. Adjusted net income was $56 million, or $1.05 in adjusted diluted EPS, on adjusted net revenues of $502 million1. PFSI's Board of Directors declared a third quarter cash dividend of $0.30 per share, payable on November 27, 2026, to common stockholders.

GULFPORT, Miss.--(BUSINESS WIRE)--Hancock Whitney Corporation Announces Quarterly Dividend.

LAKE FOREST, Ill.--(BUSINESS WIRE)--Dividend Announcement.

NEWTON, Mass.--(BUSINESS WIRE)--Bright Horizons Family Solutions® Inc. (NYSE: BFAM) today announced financial results for the third quarter of 2026 and provided revised financial guidance for 2026. Bright Horizons is a leading provider of high-quality early education and child care, comprehensive back-up care solutions, and educational advisory services. Our offerings support both working families and employers' workforce strategies by supporting their employees across life and career stages, a.