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Posted by Defense World Staff on Jul 23rd, 2026

Dimensional Fund Advisors LP lifted its holdings in shares of United Bankshares, Inc. (NASDAQ:UBSI – Free Report) by 0.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,661,331 shares of the financial services provider’s stock after buying an additional 56,808 shares during the period. Dimensional Fund Advisors LP owned approximately 5.49% of United Bankshares worth $317,327,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Ritholtz Wealth Management lifted its stake in United Bankshares by 2.6% during the 4th quarter. Ritholtz Wealth Management now owns 9,216 shares of the financial services provider’s stock valued at $354,000 after acquiring an additional 237 shares during the period. Inspire Investing LLC lifted its position in United Bankshares by 2.0% during the first quarter. Inspire Investing LLC now owns 12,389 shares of the financial services provider’s stock valued at $513,000 after purchasing an additional 245 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in United Bankshares by 24.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,492 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 292 shares during the last quarter. Kestra Private Wealth Services LLC grew its position in United Bankshares by 1.1% in the 4th quarter. Kestra Private Wealth Services LLC now owns 27,609 shares of the financial services provider’s stock worth $1,060,000 after purchasing an additional 297 shares during the period. Finally, Root Financial Partners LLC grew its position in United Bankshares by 64.4% in the 1st quarter. Root Financial Partners LLC now owns 786 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 308 shares during the period. 70.80% of the stock is currently owned by institutional investors.

United Bankshares Stock Performance Shares of NASDAQ UBSI opened at $46.91 on Thursday. The firm has a fifty day moving average price of $44.88 and a 200-day moving average price of $43.11. United Bankshares, Inc. has a 1 year low of $34.10 and a 1 year high of $48.22. The stock has a market cap of $6.46 billion, a PE ratio of 13.14 and a beta of 0.71. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.98 and a quick ratio of 0.98.

United Bankshares (NASDAQ:UBSI – Get Free Report) last released its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.04. United Bankshares had a return on equity of 9.26% and a net margin of 27.45%.The firm had revenue of $316.58 million during the quarter, compared to analyst estimates of $315.15 million. During the same quarter in the prior year, the company posted $0.59 earnings per share. Equities analysts anticipate that United Bankshares, Inc. will post 3.64 earnings per share for the current fiscal year.

United Bankshares Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Friday, June 12th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Friday, June 12th. United Bankshares’s dividend payout ratio is 42.58%.

Analyst Ratings Changes UBSI has been the topic of several research analyst reports. Wall Street Zen cut United Bankshares from a “hold” rating to a “sell” rating in a report on Saturday, June 13th. Zacks Research cut United Bankshares from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 26th. Weiss Ratings reissued a “buy (b)” rating on shares of United Bankshares in a report on Monday, July 6th. Hovde Group initiated coverage on shares of United Bankshares in a research report on Wednesday, June 24th. They set a “market perform” rating and a $49.00 price target for the company. Finally, Raymond James Financial increased their price objective on shares of United Bankshares from $49.00 to $50.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 1st. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, United Bankshares presently has a consensus rating of “Hold” and an average target price of $46.60.

Read Our Latest Research Report on UBSI

United Bankshares Company Profile (Free Report)

United Bankshares, Inc, headquartered in Charleston, West Virginia, is a bank holding company that provides a full range of financial services through its primary subsidiary, United Bank. The company’s core offerings include retail and commercial banking products such as checking and savings accounts, certificates of deposit, personal and business loans, mortgages, and treasury management services. In addition, United Bankshares delivers private banking, wealth management, trust and fiduciary solutions, and investment advisory services to meet the needs of individual, corporate, and institutional clients.

United Bankshares operates an extensive branch network across West Virginia, Virginia, Maryland, the District of Columbia, Ohio, Pennsylvania, and South Carolina.

Further Reading Five stocks we like better than United Bankshares Could Truth API Become Trump Media’s First Meaningful Revenue Driver? Small Caps Are Crushing the S&P 500—3 Stocks Still Worth Buying Moog Is More Than a Missile Maker, and Wall Street Is Noticing A Boring Dividend Growth Strategy Becomes a Solid Defensive Play Want to see what other hedge funds are holding UBSI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Bankshares, Inc. (NASDAQ:UBSI – Free Report).

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Posted by Defense World Staff on Jul 23rd, 2026

California Public Employees Retirement System raised its position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE – Free Report) by 7.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 113,281 shares of the company’s stock after purchasing an additional 7,631 shares during the quarter. California Public Employees Retirement System owned 0.17% of Coca-Cola Consolidated worth $21,720,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in COKE. Bessemer Group Inc. grew its stake in shares of Coca-Cola Consolidated by 19.1% during the first quarter. Bessemer Group Inc. now owns 331 shares of the company’s stock valued at $63,000 after buying an additional 53 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Coca-Cola Consolidated during the 1st quarter worth approximately $438,000. Independent Financial Group LLC purchased a new position in Coca-Cola Consolidated during the 1st quarter valued at $545,000. Wealthfront Advisers LLC boosted its holdings in Coca-Cola Consolidated by 4.1% during the 1st quarter. Wealthfront Advisers LLC now owns 1,869 shares of the company’s stock valued at $358,000 after acquiring an additional 73 shares during the period. Finally, Bank of New York Mellon Corp grew its position in Coca-Cola Consolidated by 1.5% in the 1st quarter. Bank of New York Mellon Corp now owns 417,504 shares of the company’s stock valued at $80,052,000 after acquiring an additional 6,063 shares during the last quarter. Institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Trading Up 0.7% Shares of COKE stock opened at $184.36 on Thursday. Coca-Cola Consolidated, Inc. has a twelve month low of $110.40 and a twelve month high of $219.65. The stock has a market capitalization of $12.27 billion, a price-to-earnings ratio of 25.22 and a beta of 0.54. The stock has a fifty day simple moving average of $180.44 and a two-hundred day simple moving average of $180.33.

Coca-Cola Consolidated (NASDAQ:COKE – Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $1.79 earnings per share (EPS) for the quarter. The business had revenue of $1.71 billion for the quarter. Coca-Cola Consolidated had a return on equity of 138.44% and a net margin of 7.72%.

Coca-Cola Consolidated Announces Dividend The firm also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Friday, July 24th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.5%. The ex-dividend date is Friday, July 24th. Coca-Cola Consolidated’s dividend payout ratio is presently 13.68%.

Wall Street Analyst Weigh In Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Coca-Cola Consolidated in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy”.

View Our Latest Stock Analysis on COKE

Coca-Cola Consolidated Company Profile (Free Report)

Founded in 1902 and headquartered in Charlotte, North Carolina, Coca-Cola Consolidated, Inc is the largest independent bottler of Coca-Cola products in the United States. The company manufactures, sells and distributes a broad portfolio of sparkling and still beverages under exclusive agreements with The Coca-Cola Company. Its brand lineup includes Coca-Cola, Diet Coke, Sprite and Fanta, as well as noncarbonated offerings such as Minute Maid juices, Gold Peak teas, Dasani water, Powerade sports drinks and vitaminwater.

Coca-Cola Consolidated’s operations span 14 states and the District of Columbia across the Southeastern, South Central and Mid-Atlantic regions.

Read More Five stocks we like better than Coca-Cola Consolidated Could Truth API Become Trump Media’s First Meaningful Revenue Driver? Small Caps Are Crushing the S&P 500—3 Stocks Still Worth Buying Moog Is More Than a Missile Maker, and Wall Street Is Noticing A Boring Dividend Growth Strategy Becomes a Solid Defensive Play Want to see what other hedge funds are holding COKE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Coca-Cola Consolidated, Inc. (NASDAQ:COKE – Free Report).

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FORT WORTH, Texas, July 23, 2026 (GLOBE NEWSWIRE) -- FirstCash Holdings, Inc. (“FirstCash” or the “Company”) (Nasdaq: FCFS), the leading international operator of more than 3,300 retail pawn stores, today announced record revenue and earnings results for the three and six month periods ended June 30, 2026. The Company also announced that the Board of Directors declared a quarterly cash dividend of $0.42 per share, which will be paid in August 2026. In addition, the Company has completed its previous $150 million share repurchase plan and the Board of Directors authorized a new $150 million share repurchase plan.

Mr. Rick Wessel, chief executive officer, stated, “FirstCash achieved record second quarter and year-to-date results, with revenue increases of 29% for the quarter and 28% year-to-date, driving exceptional growth in net income, EBITDA and earnings per share. Pawn demand remains extremely robust, with consolidated pawn receivables up 63% in total and 22% on a same-store basis over the prior year. We are again raising consolidated full year pawn revenue guidance given our second quarter results and continuing demand for pawn products and our deep-value retail sales model.

“The Company expects to complete its previously announced acquisition of Ramsdens Holdings plc (“Ramsdens”) by the end of 2026, subject to the approval of Ramsdens’ shareholders, receipt of the required anti-trust and regulatory approvals and satisfaction of other closing conditions. Ramsdens is a leading operator of pawn stores in the U.K. with 174 locations that will expand FirstCash’s geographic footprint in the U.K. to more than 450 locations. We also expect to see additional 2026 store expansion opportunities across each of our major geographic markets through acquisitions and new store openings.

“Additionally, during the second quarter, FirstCash successfully completed a $750 million bond offering and used the proceeds to pay down a significant portion of the revolving credit facility and to provide additional long-term funding capacity for further expansion of pawn operations and shareholder returns,” concluded Mr. Wessel.

This release contains adjusted financial measures, which exclude certain non-operating and/or non-cash income and expenses, that are non-GAAP financial measures. Please refer to the descriptions and reconciliations to GAAP of these and other non-GAAP financial measures at the end of this release.

 Three Months Ended June 30, As Reported (GAAP) Adjusted (Non-GAAP)In thousands, except per share amounts 2026  2025  2026  2025Revenue$             1,074,688  $                830,622 $             1,074,688  $                830,622Net income$                  93,467  $                  59,805 $                110,114   $                  79,620Diluted earnings per share$                      2.12  $                      1.34 $                      2.50  $                      1.79EBITDA (non-GAAP measure)$                194,727  $                132,753 $                201,431  $                145,129Weighted-average diluted shares                     44,036                       44,552                      44,036                       44,552  Six Months Ended June 30, As Reported (GAAP) Adjusted (Non-GAAP)In thousands, except per share amounts 2026  2025  2026  2025Revenue$             2,126,339  $             1,667,045 $             2,126,339  $             1,667,045Net income$                201,169  $                143,396 $                229,162  $                172,399Diluted earnings per share$                      4.56  $                      3.21 $                      5.19  $                      3.86EBITDA (non-GAAP measure)$                405,672  $                295,714 $                412,062  $                308,009Weighted-average diluted shares                     44,142                       44,670                      44,142                       44,670
Consolidated Operating Highlights

Diluted earnings per share for the second quarter increased 58% over the prior-year quarter on a GAAP basis while adjusted diluted earnings per share increased 40% compared to the prior-year quarter.Year-to-date diluted earnings per share increased 42% over the prior-year period on a GAAP basis and adjusted diluted earnings per share increased 34% compared to the prior-year period.Net income for the second quarter totaled $93 million, a 56% increase over the prior-year quarter on a GAAP basis, while adjusted net income increased 38% compared to the prior-year quarter.Year-to-date net income totaled $201 million, a 40% increase over the prior-year period on a GAAP basis, while adjusted net income increased 33% compared to the prior-year period.Adjusted EBITDA for the second quarter was $201 million, a 39% increase over the prior-year quarter. On a year-to-date basis, adjusted EBITDA increased 34% compared to the prior-year period.Consolidated revenue totaled $1.1 billion for the quarter and $2.1 billion year-to-date. Both total revenue and net revenue (gross profit) for the second quarter increased 29% over the prior-year quarter. Year-to-date revenue increased 28% over the prior-year period and net revenue increased 29% compared to the prior-year period.      Combined revenues from the Company’s pawn segments increased 44% in the second quarter over last year, while the combined pawn segment income increased 59% over the same period. Year-to-date revenues from the Company’s pawn segments increased 42% while pawn segment income increased 59% over the same prior-year period.Consolidated assets at June 30, 2026 totaled a record $5.5 billion, including record pawn receivables of $898 million. This compares to assets of $4.5 billion and pawn receivables of $551 million a year ago.For the trailing twelve month period ended June 30, 2026, the Company reported:
Revenues of $4.1 billionNet income of $388 million on a GAAP basis and adjusted net income of $447 millionAdjusted EBITDA of $802 millionOperating cash flows of $673 million and adjusted free cash flows (a non-GAAP measure) of $309 million Growth Platforms

During the second quarter, the Company added 20 retail pawn locations, including seven acquired stores and one new location in the U.S. and six de novo stores each in Latin America and the U.K. A total of 28 stores have been added year-to-date.Over the last twelve months, the Company has added 347 locations and as of June 30, 2026, the Company had 3,343 locations, comprised of 1,212 U.S. locations, 1,836 locations in Latin America and 295 U.K. locations.Subsequent to quarter end, the Company completed a one-store acquisition in the U.K. In addition to the Ramsdens transaction, the Company has an active pipeline of acquisition opportunities which could potentially add 35 to 40 additional acquired locations across its global footprint in the second half of 2026.Ramsdens acquisition update: On July 16, 2026, the Company agreed to revised offer terms with Ramsdens’ board of directors, increasing the cash price to be received by Ramsdens’ shareholders from 600 pence to 675 pence for each Ramsdens share held plus a permitted dividend of 9 pence per share due to be paid on October 9, 2026. The revised total equity value for the Ramsdens acquisition is approximately £232 million ($308 million USD using GBP/USD exchange rate as of the close of business on June 30, 2026), representing an aggregate increase of approximately £25 million ($34 million USD).Pending approvals by Ramsdens’ shareholders, receipt of the required anti-trust and regulatory approvals and satisfaction of other closing conditions, the Company still expects the transaction to close by the end of 2026.Upon closing, the addition of Ramsdens would add 174 U.K. locations and increase the Company’s store base to be in excess of 3,500 locations. The Company’s real estate portfolio of owned pawn locations now totals 466 properties, of which eight were acquired in the second quarter and 45 were acquired over the past twelve months. These are highly strategic investments which protect valuable store locations and reduce future operating expenses. Most of the owned properties are in the U.S. and now represent 38% of the total U.S. store base.AFF had approximately 16,700 active retail and e-commerce point-of-sale merchant partner locations at June 30, 2026, representing a 9% increase compared to a year ago. U.S. Pawn Segment Operating Results

Total segment revenue increased 22% in the second quarter and 19% year-to-date, reflecting especially strong same-store revenue growth coupled with contributions from the 2025 acquisitions.Segment pre-tax operating income increased 31% compared to the prior-year quarter. The resulting segment pre-tax operating margin increased to a record 26% for the second quarter of 2026 compared to 24% in the prior-year quarter. Year-to-date segment pre-tax operating income increased 28% compared to the prior-year period.Pawn receivables increased 20% in total at June 30, 2026 compared to last year. Same-store pawn receivables increased 19% and are up 32% on a two-year stacked basis. This represented the twelfth consecutive quarter of double-digit same-store receivables growth.Pawn loan fees increased 15% in the second quarter while retail merchandise sales increased 10%, both compared to the prior-year quarter. On a same-store basis, pawn fees increased 14% and retail sales increased 8%.Retail sales margins were 43% for the second quarter of 2026, which equaled the second quarter of 2025. Inventories aged greater than one year at June 30, 2026 remained low at 1.5% of total inventories, which excludes aged inventories from certain recently acquired stores, improving from 1.9% at June 30, 2025. Latin America Pawn Segment Operating Results

Note: Certain growth rates below are calculated on a constant or local currency basis, a non-GAAP financial measure defined at the end of this release. The average U.S. dollar to Mexican peso exchange rate for the second quarter of 2026 was 17.4 dollar / peso, a favorable change of 11% versus the comparable prior-year period, and for the six month period ended June 30, 2026 was 17.5 dollar / peso, a favorable change of 13% versus the prior-year period.

Total segment revenue in the second quarter of 2026 increased 42% on a U.S. dollar basis and 29% on a constant currency basis compared to the prior-year quarter. Year-to-date, segment revenue increased 41% on a U.S. dollar basis compared to the prior-year period and increased 26% on a local currency basis.Second quarter segment pre-tax operating income increased 42% on a U.S. dollar basis compared to last year and increased 36% on a local currency basis. Year-to-date, segment pre-tax operating income increased 51% on a U.S. dollar basis compared to the prior-year period and increased 42% on a local currency basis.Pawn receivables, both in total and on a same-store basis, as of June 30, 2026, increased 32% on a U.S. dollar basis while increasing 22% on a constant currency basis compared to the prior year. Two-year stacked same-store receivable growth increased 42% in total and 35% on a currency adjusted basis.Total and same-store pawn loan fees in the second quarter both increased 33% on a U.S. dollar basis and 19% on a constant currency basis compared to the prior-year quarter.Total and same-store retail merchandise sales in the second quarter increased 28% on a U.S. dollar basis compared to the prior-year quarter. On a constant currency basis, both total and same-store retail merchandise sales increased 15% in the second quarter compared to the prior-year quarter.Retail margins were 35% in the second quarter of 2026 versus 36% in the second quarter of 2025. Inventories aged greater than one year at June 30, 2026 remained extremely low, improving to 1.2% compared to 1.5% at June 30, 2025. U.K. Pawn Segment Operating Results

Total revenues in the second quarter were $95 million, with strong growth over the prior-year quarter (pre-acquisition) in both pawn fees and merchandise sales.Segment pre-tax operating income for the second quarter of 2026 was $34 million, resulting in a segment pre-tax operating margin of 35%. Year-to-date segment pre-tax operating income was $73 million, resulting in a segment pre-tax operating margin of 37%.Pawn receivables at June 30, 2026 totaled $217 million, an increase of 22% on a U.S. dollar basis. On a local currency basis, both total and same-store pawn receivables increased 26% compared to a year ago (pre-acquisition). American First Finance (AFF) - Retail POS Payment Solutions Segment Operating Results

Second quarter segment pre-tax operating income totaled $29 million. This represented a sequential increase over the first quarter of 2026 but an expected decrease compared to the second quarter of 2025, due primarily to loss of earnings from previously reported merchant partner bankruptcies. Year-to-date segment pre-tax operating income totaled $55 million.Gross transaction volume of lease and loan originations during the second quarter decreased 14% compared to the prior-year quarter, due primarily to continued weakness in the furniture industry coupled with an increased strategic focus on merchant quality. For the year-to-date period, overall gross transaction volume decreased 6% over the prior-year period.Net revenues in the second quarter decreased 15% compared to the prior-year quarter, representing a sequential improvement over the first quarter, while year-to-date decreased 26% compared to the prior-year period.The second quarter combined average monthly net charge-off rate for lease and finance products was 5.2%, which represented sequential improvement compared to 5.6% in the first quarter, and was consistent with the prior-year quarter. Cash Flow and Liquidity

Consolidated operating cash flows for the twelve month period ended June 30, 2026 totaled $673 million, an increase of 21% compared to the same prior-year period, driven by significant contributions from each of the Company’s four business segments.Adjusted free cash flows, which includes net fundings/repayments of pawn loans and finance receivables, increased 16% to $309 million in the twelve month period ended June 30, 2026 compared to the same prior-year period.The operating cash flows helped fund significant growth in earning assets, continued investments in the pawn store platform, real estate and shareholder returns over the past twelve months: A total of 313 pawn stores were acquired for a combined purchase price of $453 million. Excluding earning assets obtained through acquisitions over the past twelve months, pawn earning assets (pawn receivables and inventories) increased $282 million compared to last year.34 de novo pawn stores were opened with a combined investment of approximately $15 million in fixed assets and working capital.Strategic real estate purchases totaled $74 million as the Company purchased the underlying real estate at 45 of its existing pawn stores, bringing the number of Company-owned properties to 466 locations or 38% of its U.S. store base.Shareholder returns comprised of stock repurchases and cash dividends totaled $256 million. In May 2026, the Company successfully completed an offering of $750 million of 6.125% senior unsecured notes due in 2034. The Company used the proceeds to reduce the outstanding balance on the Company’s higher-rate, U.S. revolving credit facility and to repay in full and terminate other revolving credit facilities and secured term loans which were assumed as part of the H&T acquisition in 2025.Based on trailing twelve month actual results, the Company’s net debt to adjusted EBITDA ratio was 2.7x at June 30, 2026. Including the estimated pro forma EBITDA contributions from acquisitions and other lender permitted adjustments over the past twelve months, the ratio of net debt to adjusted EBITDA at June 30, 2026 was 2.6x, which is an improvement versus the same ratio nine months ago (post the acquisition of H&T) of 2.9x. Shareholder Returns

The Board of Directors declared a $0.42 per share third quarter cash dividend, which will be paid on August 28, 2026 to stockholders of record as of August 14, 2026. This represents an annualized dividend of $1.68 per share. Any future dividends are subject to approval by the Company’s Board of Directors.Through the date of this release, the Company repurchased 725,000 shares of common stock in 2026 at an average price of $206.73 per share for a total cost of $150 million. This completes, in less than nine months, the $150 million stock repurchase program authorized in October 2025.On July 22, 2026, the Board of Directors approved a new share repurchase authorization of up to $150 million, effective immediately. Future share repurchases are subject to expected liquidity, acquisition and other investment opportunities, debt covenant restrictions, market conditions and other relevant factors.Over the past twelve months, the Company has repurchased 1,005,000 shares of common stock at an average price of $180.96 per share for a total cost of $182 million and paid out $74 million in cash dividends, representing a payout ratio of approximately 66% of net income over the same period.The Company generated a 17% return on equity and an 8% return on assets for the twelve months ended June 30, 2026. Using adjusted net income for the twelve months ended June 30, 2026, the adjusted return on equity was 20% while the adjusted return on assets was 9%. 2026 Outlook

The outlook for the remainder of 2026 continues to be highly positive as the Company is again raising its overall expectations for year-over-year growth in consolidated pawn segment revenue. While the acquisition of Ramsdens and other prospective and in-process acquisitions are anticipated to close by the end of 2026, the estimates provided below do not include revenue and earnings contributions from such potential acquisitions.

Pawn Operations:

Pawn operations remain the primary earnings driver as the Company expects the combined U.S., Latin America and U.K. pawn segments to be over 90% of total net revenue and segment level pre-tax income for 2026.

U.S. Pawn

Pawn fees in the first half of 2026 were up 14% compared to a year ago. The Company continues to see strong results in July and expects mid-teen or better growth in pawn fees in second half and full year 2026.The Company expects retail merchandise sales to grow in a range of 10% to 15% in 2026 and will continue to target retail margins in a range of 42% to 43%. Additionally, the Company continues to anticipate increased gross profit from scrap jewelry sales.Store operating expenses are projected to grow at a mid-to-high single-digit range in 2026, primarily due to increased variable compensation expense and the significant 2025 store additions. Latin America Pawn

Pawn fees in the first half of 2026 were up 21% on a constant currency basis and 37% on a U.S. dollar basis due to a 13% favorable change in the peso exchange rate compared to the same period last year. The Company expects approximately 20% growth in pawn fees on a U.S. dollar basis in the second half of 2026, assuming an exchange rate equal to the first half of 2026.The Company expects second half retail merchandise sales to grow in a mid 20% range on a U.S. dollar basis, assuming an exchange rate equal to the first half of 2026, with consistent retail margins of approximately 35%. Similar to the U.S., Latin America expects a year-over-year increase in gross profit from scrap jewelry sales.Combined with increased store counts and increased variable compensation expense, operating expenses are expected to grow at a rate in the mid-teens on a U.S. dollar basis. U.K. Pawn

Based on first half of 2026 performance and increased full year revenue projections, 2026 segment income (before administrative expenses, interest expense and taxes) is now expected to be in a range of $135 million to $140 million assuming the current GBP exchange rate. Retail POS Payment Solutions (AFF) Operations:

Given continued softness in furniture and other large-ticket retail sales, gross transaction volumes for lease and loan originations for 2026 are now forecast to be down approximately 10% compared to 2025.Net revenue (after depreciation of leased merchandise and lease and loan loss provisioning) is expected to decrease in a range of 20% to 25% for the full year. The decrease is primarily due to the decrease in net revenue from the American Freight and Conn’s portfolios as a result of their bankruptcies at the end of 2024 and the expected decline in 2026 originations. Other Expenses, Tax Rates and Currency:

Corporate administrative expenses for the remainder of 2026 are expected to remain at a run rate which is similar to the first and second quarters of 2026, while interest expense is expected to increase for full year 2026 in a range of 15% to 20% over 2025 assuming current interest rates.The full year 2026 consolidated effective income tax rate is expected to range from 26% to 27% of net income.Each full point change in the exchange rate of the Mexican peso is projected to have an annual earnings impact of approximately $0.10 to $0.12 per share. A comparable percentage rate change in the exchange rate for the British pound sterling would have an annual earnings impact of approximately $0.07 to $0.09 per share. Additional Commentary and Analysis  

Mr. Wessel further commented on FirstCash’s exceptionally strong operating performance and its outlook for the remainder of 2026, “We are extremely excited to share outstanding second quarter results which clearly reflect continued consumer demand for our core pawn products and services coupled with outstanding execution on the part of our front-line associates, store operators and support teams. The record level of pawn receivables coupled with solid inventory positions at quarter end position us well for further revenue growth in the second half of the year from both pawn fees and merchandise sales.

“The strength of our pawn business is notable in its consistency and breadth across each of our pawn segments, both domestically and internationally. Every market continues to see record levels of customer transaction volumes and increased transaction amounts. In addition, the discipline in our lending practices and retail strategies continue to be reflected in optimized inventory positioning with strong turns, low levels of aged inventories and industry leading retail margins.

“From a store growth perspective, the second quarter saw continued global expansion in all pawn segments with the addition of 20 locations through a combination of store openings and acquisitions. We added 13 de novo locations spread across each of our pawn segments. The seven acquired U.S. locations were all in targeted and attractive U.S. growth markets including the states of Alabama, Georgia, Tennessee and Oklahoma. I am especially pleased to report that over the last twelve months, we have now added a total of almost 350 locations in four different countries.

“Our experienced operations and support teams have demonstrated capabilities and the necessary resources for successfully integrating the significant volume of acquired stores. As an example, we completed, in June, the integration of the acquired H&T store platform, representing almost 300 locations, into our proprietary FirstPawn POS system which was accomplished in less than nine months and well ahead of the original schedule. We believe this POS integration and future consolidation of other back office platforms will improve customer service, facilitate product enhancements and generate additional operating synergies for H&T.

“Equally as exciting is the especially large pipeline of pawn acquisitions anticipated for the second half of 2026. The opportunity to add the established Ramsdens brand represents a highly complementary strategic fit as one of the U.K.’s leading pawnbrokers. Operating with a network of 174 stores, Ramsdens will expand our geographic footprint, especially in the more northern regions of U.K., further providing additional scale, operating efficiencies and long-term growth opportunities. In addition, we have a number of other smaller acquisitions in process across multiple geographies which could add 35 to 40 additional locations between now and year end. These expected transactions continue to reinforce both the near and long-term opportunities for FirstCash’s continued growth of its store base, revenues and earnings.

“Our balance sheet and cash flows remain incredibly strong, as demonstrated by the successful $750 million bond offering completed in the second quarter which allowed us to pay down a significant portion of our U.S. credit facility and to pay off all of the assumed, higher-rate H&T debt. The bond issuance provides greater financial flexibility going forward for continued acquisitions, new store growth, real estate purchases and future shareholder returns. Furthermore, we continue to maintain the leverage ratio within our normal targeted range of 2.0x to 3.0x adjusted EBITDA.

“We are also pleased to report that during the second quarter, FirstCash repurchased $77 million of its common stock, bringing our year-to-date buybacks to $127 million at an average cost of $204.77. Subsequent to quarter end in early July 2026, we fully completed the $150 million share buyback authorization, and the Board of Directors has now authorized an additional $150 million for further potential share repurchases.

“A final highlight of the quarter was the shareholder approval of the reincorporation of FirstCash to become a Texas-domiciled company. The conversion from a Delaware to a Texas corporation was completed on June 18 and now aligns our corporate domicile with the state where we are headquartered and have the largest number of U.S. locations and employees.  

“In summary, we are very excited about the ongoing strength of our business model and the potential for further long-term growth and shareholder value creation,” concluded Mr. Wessel.

About FirstCash

FirstCash is the leading international operator of pawn stores focused on serving cash and credit-constrained consumers. FirstCash operates more than 3,300 pawn stores in the U.S., Latin America and the U.K. Most of the stores buy and sell a wide variety of jewelry, electronics, tools, appliances, sporting goods, musical instruments and other merchandise, and make small non-recourse pawn loans secured by pledged personal property. FirstCash’s pawn operations account for approximately 90% of net revenue, with the remainder provided by its wholly owned subsidiary, AFF, a leading provider of customer payment solutions at the point-of-sale for retailers of consumer goods and services.

FirstCash is a component company in both the Standard & Poor’s MidCap 400 Index® and the Russell 2000 Index®. FirstCash’s common stock (ticker symbol “FCFS”) is traded on the Nasdaq, the creator of the world’s first electronic stock market. For additional information regarding FirstCash and the services it provides, visit FirstCash’s websites located at http://www.firstcash.com, http://www.americanfirstfinance.com and http://www.handt.co.uk.

Forward-Looking Information   

This release contains forward-looking statements about the business, financial condition, outlook and prospects of FirstCash Holdings, Inc. and its wholly owned subsidiaries (together, the “Company”), including the Company’s outlook for 2026 and the Company’s previously announced Ramsdens acquisition. Forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995, can be identified by the use of forward-looking terminology such as “outlook,” “believes,” “projects,” “expects,” “may,” “estimates,” “should,” “plans,” “targets,” “intends,” “could,” “would,” “anticipates,” “potential,” “confident,” “optimistic,” or the negative thereof, or other variations thereon, or comparable terminology, or by discussions of strategy, objectives, estimates, guidance, expectations, outlook and future plans. Forward-looking statements can also be identified by the fact these statements do not relate strictly to historical or current matters. Rather, forward-looking statements relate to anticipated or expected events, activities, trends or results. Because forward-looking statements relate to matters that have not yet occurred, these statements are inherently subject to risks and uncertainties.

While the Company believes the expectations reflected in forward-looking statements are reasonable, there can be no assurances such expectations will prove to be accurate. Security holders are cautioned that such forward-looking statements involve risks and uncertainties. Certain factors may cause results to differ materially from those anticipated by the forward-looking statements made in this release. Such factors and risks may include, without limitation, risks related to the extensive regulatory environment in which the Company operates, including uncertainty involving the present regulatory environment in the jurisdictions in which the Company operates; risks associated with the legal and regulatory proceedings that the Company is a party to or may become a party to in the future; risks related to the Company’s acquisitions, including the failure of the Company’s acquisitions to deliver the estimated value and benefits expected by the Company and the ability of the Company to continue to identify and consummate acquisitions on favorable terms, if at all; risks related to the Ramsdens acquisition, in particular, the ability to obtain the necessary shareholder, anti-trust and regulatory approvals, and to satisfy the other closing conditions in the expected timeframe, if at all, and the ability to achieve the anticipated benefits from the acquisition of Ramsdens on the anticipated timeline, if at all; potential changes in consumer behavior and shopping patterns which could impact demand for the Company’s pawn loan, retail, lease-to-own (“LTO”) and retail finance products; labor shortages and increased labor costs; a deterioration in the economic conditions in the United States, Latin America and the United Kingdom, including as a result of geopolitical conflicts, inflation, elevated interest rates, increased energy costs and trade policy, which potentially could have an impact on discretionary consumer spending and demand for the Company’s products; currency fluctuations, primarily involving the Mexican peso and British pound sterling; competition the Company faces from other retailers and providers of retail payment solutions; the ability of the Company to successfully execute on its business strategies; risks related to the Company’s ability to prevent cyber attacks, other cybersecurity incidents, security breaches or other disruptions to its information technology systems; risks related to the Company’s ability to develop, operate and adapt its information technology infrastructure suitable for the nature of its business and to successfully transition acquired businesses to its information technology platform; contraction in sales activity or store closures at merchant partners of the Company’s retail point-of-sale (“POS”) payment solutions business; the ability of the Company’s retail POS payment solutions business to continue to grow its base of merchant partners; and other risks discussed and described in the Company’s most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”), including the risks described in Part I, Item 1A, “Risk Factors” thereof, and other reports filed with the SEC. Many of these risks and uncertainties are beyond the ability of the Company to control, nor can the Company predict, in many cases, all of the risks and uncertainties that could cause its actual results to differ materially from those indicated by the forward-looking statements. The forward-looking statements contained in this release speak only as of the date of this release, and the Company expressly disclaims any obligation or undertaking to report any updates or revisions to any such statement to reflect any change in the Company’s expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.

FIRSTCASH HOLDINGS, INC.
CONSOLIDATED STATEMENTS OF INCOME
(unaudited, in thousands)     Three Months Ended Six Months Ended June 30, June 30,  2026   2025   2026   2025 Revenue:       Retail merchandise sales$           471,263   $           385,125  $           936,097   $           756,181 Pawn loan fees              258,441                 190,822                525,139                 382,693 Leased merchandise income              115,499                 139,784                245,686                 296,702 Interest and fees on retail finance products                73,962                   76,075                148,297                 149,488 Wholesale scrap jewelry sales              152,132                   38,816                264,613                   81,981 Other revenue                  3,391                          —                    6,507                          — Total revenue           1,074,688                 830,622             2,126,339              1,667,045         Cost of revenue:       Cost of retail merchandise sold              285,619                 230,326                563,668                 454,450 Depreciation of leased merchandise                71,650                   78,272                152,709                 167,091 Provision for lease losses                24,439                   32,543                  54,183                   60,105 Provision for loan losses                39,930                   41,761                  82,774                   78,121 Cost of wholesale scrap jewelry sold              119,069                   34,904                195,796                   70,259 Other cost of revenue                     312                          —                    1,158                          — Total cost of revenue              541,019                 417,806             1,050,288                 830,026         Net revenue              533,669                 412,816             1,076,051                 837,019         Expenses and other income:       Operating expenses              267,738                 222,493                537,167                 437,079 Administrative expenses                66,825                   59,263                132,603                 107,786 Depreciation and amortization                32,440                   25,864                  63,956                   51,366 Interest expense                35,702                   26,337                  70,230                   53,808 Interest income                   (417)                    (527)                    (644)                 (1,756)Loss (gain) on foreign exchange                  1,738                   (1,271)                      636                   (1,285)Merger and acquisition expenses                  6,358                     2,777                    7,223                     3,239 Other income, net                (3,717)                 (3,199)                 (7,250)                 (5,514)Total expenses and other income              406,667                 331,737                803,921                 644,723         Income before income taxes              127,002                   81,079                272,130                 192,296         Provision for income taxes                33,535                   21,274                  70,961                   48,900         Net income$             93,467   $             59,805  $           201,169   $           143,396  FIRSTCASH HOLDINGS, INC.
CONSOLIDATED BALANCE SHEETS
(unaudited, in thousands)     June 30, December 31,  2026   2025   2025 ASSETS     Cash and cash equivalents$           172,298   $           101,467  $           125,197 Accounts receivable, net              120,884                   76,062                115,854 Pawn loans              897,555                 550,718                831,497 Finance receivables, net              131,002                 154,518                150,274 Inventories              570,493                 355,733                487,232 Leased merchandise, net                84,569                 100,689                114,283 Prepaid expenses and other current assets                41,911                   35,667                  32,131 Total current assets           2,018,712              1,374,854             1,856,468       Property and equipment, net              855,034                 750,862                808,050 Operating lease right of use asset              363,132                 342,859                365,621 Goodwill           2,030,563              1,826,184             2,023,426 Intangible assets, net              200,247                 204,643                231,140 Other assets                  9,639                     9,805                    9,796 Deferred tax assets, net                  8,246                     5,042                    6,262 Total assets$        5,485,573   $        4,514,249  $        5,300,763       LIABILITIES AND STOCKHOLDERS’ EQUITY     Accounts payable and accrued liabilities$           208,170   $           145,035  $           212,615 Customer deposits and prepayments                93,437                   80,848                  83,908 Lease liability, current              111,512                  100,845                111,291 Total current liabilities              413,119                 326,728                407,814       Revolving unsecured credit facility                69,000                 152,000                559,000 Other long-term debt           2,277,039              1,532,865             1,649,434 Deferred tax liabilities, net              159,158                 125,290                158,819 Lease liability, non-current              245,465                 237,198                248,934 Total liabilities           3,163,781              2,374,081             3,024,001       Stockholders’ equity:     Common stock                     575                        575                       575 Additional paid-in capital           1,761,131              1,760,179             1,771,379 Retained earnings           1,834,886              1,520,677             1,670,583 Accumulated other comprehensive loss              (55,746)               (96,267)               (64,835)Common stock held in treasury, at cost         (1,219,054)          (1,044,996)          (1,100,940)Total stockholders’ equity           2,321,792              2,140,168             2,276,762 Total liabilities and stockholders’ equity$        5,485,573   $        4,514,249  $        5,300,763  FIRSTCASH HOLDINGS, INC.
SEGMENT RESULTS
(unaudited)

The Company organizes its operations into four reportable segments as follows:

United States pawn (“U.S. pawn”)Latin America pawn (“LatAm pawn”)United Kingdom pawn (“U.K. pawn”)Retail POS payment solutions (American First Finance or “AFF”) Operating expenses of the three pawn segments include salary and benefit expenses of store-level employees, occupancy costs, bank and other treasury fees, security, insurance, utilities, supplies and other costs incurred by the pawn stores. Operating expenses of the AFF segment include salary and benefit expenses of operations-focused departments, payment processing charges, data analytics and decisioning costs, information technology costs, advertising costs and other operational costs incurred by AFF.

Corporate expenses and income, which include administrative expenses, corporate depreciation and amortization, interest expense, interest income, loss (gain) on foreign exchange, merger and acquisition expenses, and other income, net, are presented on a consolidated basis and are not allocated between the segments. Intersegment transactions related to AFF’s LTO payment solution product offered in U.S. pawn stores are eliminated from consolidated totals.

The Company completed the acquisition of H&T, the leading pawn operator in the United Kingdom, on August 14, 2025, the date which the balance sheet and operating results of H&T were included in the Company’s consolidated financial results.

FIRSTCASH HOLDINGS, INC.
SEGMENT RESULTS
(unaudited, in thousands)
   Three Months Ended June 30, 2026 U.S.
Pawn LatAm
Pawn U.K.
Pawn AFF Intersegment
Eliminations ConsolidatedRevenue:           Retail merchandise sales$      275,676 $      174,316 $        21,467 $               — $           (196) $      471,263Pawn loan fees         150,062            79,572            28,807                   —                   —           258,441Leased merchandise income                  —                   —                   —          115,499                   —           115,499Interest and fees on retail finance products                  —                   —                   —            73,962                   —             73,962Wholesale scrap jewelry sales           72,334            38,154            41,644                   —                   —           152,132Other revenue                  —                   —              3,391                   —                   —               3,391Total revenue         498,072          292,042            95,309          189,461               (196)       1,074,688Cost of revenue:           Cost of retail merchandise sold         156,453          113,763            15,507                   —               (104)          285,619Depreciation of leased merchandise                  —                   —                   —            71,701                 (51)            71,650Provision for lease losses                  —                   —                   —            24,516                 (77)            24,439Provision for loan losses                  —                   —                   —            39,930                   —             39,930Cost of wholesale scrap jewelry sold           60,962            32,947            25,160                   —                   —           119,069Other cost of revenue                  —                   —                 312                   —                   —                  312Total cost of revenue         217,415          146,710            40,979          136,147               (232)          541,019Net revenue         280,657          145,332            54,330            53,314                   36           533,669Segment expenses:           Operating expenses         142,367            82,181            19,344            23,846                   —           267,738Depreciation             9,074              5,002              1,349                 730                   —             16,155Total segment expenses         151,441            87,183            20,693            24,576                   —           283,893Segment pre-tax operating income$      129,216 $        58,149 $        33,637 $        28,738 $               36  $      249,776  Three Months Ended June 30, 2025 U.S.
Pawn LatAm
Pawn U.K.
Pawn AFF Intersegment
Eliminations ConsolidatedRevenue:           Retail merchandise sales$      249,918 $      135,956 $               — $               — $           (749) $      385,125Pawn loan fees         130,948            59,874                   —                   —                   —           190,822Leased merchandise income                  —                   —                   —          139,784                   —           139,784Interest and fees on retail finance products                  —                   —                   —            76,075                   —             76,075Wholesale scrap jewelry sales           28,740            10,076                   —                   —                   —             38,816Total revenue         409,606          205,906                   —          215,859               (749)          830,622Cost of revenue:           Cost of retail merchandise sold         143,149            87,579                   —                   —               (402)          230,326Depreciation of leased merchandise                  —                   —                   —            78,529               (257)            78,272Provision for lease losses                  —                   —                   —            32,667               (124)            32,543Provision for loan losses                  —                   —                   —            41,761                   —             41,761Cost of wholesale scrap jewelry sold           26,265              8,639                   —                   —                   —             34,904Total cost of revenue         169,414            96,218                   —          152,957               (783)          417,806Net revenue         240,192          109,688                   —            62,902                   34           412,816Segment expenses:           Operating expenses         133,815            64,414                   —            24,264                   —           222,493Depreciation             8,091              4,294                   —                 699                   —             13,084Total segment expenses         141,906            68,708                   —            24,963                   —           235,577Segment pre-tax operating income$        98,286 $        40,980 $               — $        37,939 $               34  $      177,239 FIRSTCASH HOLDINGS, INC.
SEGMENT RESULTS
(unaudited, in thousands)
   Six Months Ended June 30, 2026 U.S.
Pawn LatAm
Pawn U.K.
Pawn AFF Intersegment
Eliminations ConsolidatedRevenue:           Retail merchandise sales$      559,505 $      334,157 $        43,312 $               — $           (877) $      936,097Pawn loan fees         307,870          156,218            61,051                   —                   —           525,139Leased merchandise income                  —                   —                   —          245,686                   —           245,686Interest and fees on retail finance products                  —                   —                   —          148,297                   —           148,297Wholesale scrap jewelry sales         119,703            58,786            86,124                   —                   —           264,613Other revenue                  —                   —              6,507                   —                   —               6,507Total revenue         987,078          549,161          196,994          393,983               (877)       2,126,339Cost of revenue:           Cost of retail merchandise sold         315,409          217,829            30,886                   —               (456)          563,668Depreciation of leased merchandise                  —                   —                   —          153,053               (344)          152,709Provision for lease losses                  —                   —                   —            54,447               (264)            54,183Provision for loan losses                  —                   —                   —            82,774                   —             82,774Cost of wholesale scrap jewelry sold           97,059            49,807            48,930                   —                   —           195,796Other cost of revenue                  —                   —              1,158                   —                   —               1,158Total cost of revenue         412,468          267,636            80,974          290,274            (1,064)       1,050,288Net revenue         574,610          281,525          116,020          103,709                 187        1,076,051Segment expenses:           Operating expenses         286,224          162,908            40,433            47,602                   —           537,167Depreciation           17,770              9,587              2,796              1,450                   —             31,603Total segment expenses         303,994          172,495            43,229            49,052                   —           568,770Segment pre-tax operating income$      270,616 $      109,030 $        72,791 $        54,657 $             187  $      507,281  Six Months Ended June 30, 2025 U.S.
Pawn LatAm
Pawn U.K.
Pawn AFF Intersegment
Eliminations ConsolidatedRevenue:           Retail merchandise sales$      501,143 $      256,488 $               — $               — $        (1,450) $      756,181Pawn loan fees         268,896          113,797                   —                   —                   —           382,693Leased merchandise income                  —                   —                   —          296,702                   —           296,702Interest and fees on retail finance products                  —                   —                   —          149,488                   —           149,488Wholesale scrap jewelry sales           62,232            19,749                   —                   —                   —             81,981Total revenue         832,271          390,034                   —          446,190            (1,450)       1,667,045Cost of revenue:           Cost of retail merchandise sold         288,907          166,318                   —                   —               (775)          454,450Depreciation of leased merchandise                  —                   —                   —          167,672               (581)          167,091Provision for lease losses                  —                   —                   —            60,271               (166)            60,105Provision for loan losses                  —                   —                   —            78,121                   —             78,121Cost of wholesale scrap jewelry sold           53,489            16,770                   —                   —                   —             70,259Total cost of revenue         342,396          183,088                   —          306,064            (1,522)          830,026Net revenue         489,875          206,946                   —          140,126                   72           837,019Segment expenses:           Operating expenses         262,766          125,831                   —            48,482                   —           437,079Depreciation           15,691              8,730                   —              1,404                   —             25,825Total segment expenses         278,457          134,561                   —            49,886                   —           462,904Segment pre-tax operating income$      211,418 $        72,385 $               — $        90,240 $               72  $      374,115 FIRSTCASH HOLDINGS, INC.
SEGMENT RESULTS
(unaudited)
 Pawn Operating Metrics
(dollars in thousands, except as otherwise noted)
   As of June 30, 2026 U.S.
Pawn LatAm
Pawn U.K.
Pawn Total
PawnEarning assets:           Pawn loans$      481,850  $      198,347  $      217,358  $      897,555 Inventories       324,120         161,013           85,360         570,493  $      805,970  $      359,360  $      302,718  $   1,468,048             Average outstanding pawn loan amount (in ones)$             322  $             104  $             877  $             245             Composition of pawn collateral:           Jewelry74% 51% 99% 75%General merchandise26% 49% 1% 25% 100% 100% 100% 100%            Composition of inventories:           Jewelry65% 54% 98% 66%General merchandise35% 46% 2% 34% 100% 100% 100% 100%            Percentage of inventory aged greater than one year1.5% 1.2% 13.7% 3.3%            Inventory turns (trailing twelve months cost of merchandise sales divided by average inventories)2.8 times 3.8 times 2.2 times 3.0 times  As of June 30, 2025 U.S.
Pawn LatAm
Pawn U.K.
Pawn Total
PawnEarning assets:           Pawn loans$      400,143  $      150,575  $               —  $      550,718 Inventories       252,885         102,848                  —         355,733  $      653,028  $      253,423  $               —  $      906,451             Average outstanding pawn loan amount (in ones)$             286  $               96  $               —  $             185             Composition of pawn collateral:           Jewelry72 %  43 %  —% 64 % General merchandise28 %  57 %  —% 36 %  100 %  100 %  —% 100 %             Composition of inventories:           Jewelry61 %  41 %  —% 55 % General merchandise39 %  59 %  —% 45 %  100 %  100 %  —% 100 %             Percentage of inventory aged greater than one year1.9 %  1.5 %  —% 1.8 %             Inventory turns (trailing twelve months cost of merchandise sales divided by average inventories)2.8 times 4.1 times —  3.1 times FIRSTCASH HOLDINGS, INC.
SEGMENT RESULTS
(unaudited) Retail POS Payment Operating Metrics
(dollars in thousands)  Three Months Ended Six Months Ended June 30, June 30,  2026  2025  2026  2025Gross transaction volume:       Leased merchandise$             85,977  $           110,516 $           182,679  $           204,822Finance receivables (1)              137,680                149,943               283,157                291,205Total gross transaction volume$           223,657  $           260,459 $           465,836  $           496,027 (1)During the third quarter of 2025, AFF began assisting certain customers in applying for a direct-to-consumer unsecured installment loan that is underwritten and fully retained by AFF’s bank partner (“OBS Loans”). OBS Loans are not reflected on the Company’s balance sheet as a finance receivable. For the three and six months ended June 30, 2026, gross transaction volume includes $13.2 million and $27.7 million, respectively, of OBS Loans originated by AFF’s bank partner through the assistance of AFF.  As of June 30,Earning assets: 2026   2025 Leased merchandise, net:   Leased merchandise, before allowance for lease losses$           141,691   $           170,824 Less allowance for lease losses              (57,112)               (69,972)Leased merchandise, net$             84,579   $           100,852     Finance receivables, net:   Finance receivables, before allowance for loan losses (1)$           236,008   $           277,392 Less allowance for loan losses            (105,006)             (122,874)Finance receivables, net$           131,002   $           154,518  (1)Does not include $35.2 million of outstanding OBS Loans held by AFF’s bank partner as of June 30, 2026. Combined finance receivables, before allowance for loan losses, and OBS Loans totaled $271.2 million as of June 30, 2026.  Three Months Ended Six Months Ended June 30, June 30, 2026  2025  2026  2025 Leased merchandise portfolio metrics:           Provision rate (1) 28.5  % 29.6 %  29.8  % 29.4 %Average monthly net charge-off rate (2) 6.4  % 6.2 %  6.5  % 6.2 %Delinquency rate (3) 25.6  % 23.2 %  25.6  % 23.2 %            Finance receivables portfolio metrics:           Provision rate (1) 29.0  % 27.9 %  29.2  % 26.8 %Average monthly net charge-off rate (2) 4.4  % 4.6 %  4.7  % 4.4 %Delinquency rate (3) 22.3  % 20.6 %  22.3  % 20.6 % (1)Calculated as provision for lease or loan losses as a percentage of the respective gross transaction volume originated.(2)Calculated as charge-offs, net of recoveries, as a percentage of the respective average earning asset balance before allowance for lease or loan losses. (3)Calculated as the percentage of the respective contractual earning asset balance owed that is 1 to 89 days past due (the Company charges off leases and finance receivables when they are 90 days or more contractually past due). FIRSTCASH HOLDINGS, INC.
PAWN STORE LOCATIONS AND MERCHANT PARTNER LOCATIONS

Pawn Operations

As of June 30, 2026, the Company operated 3,343 pawn store locations composed of 1,212 stores in 29 U.S. states and the District of Columbia, 1,729 stores in 32 states in Mexico, 77 stores in Guatemala, 18 stores in El Salvador, 12 stores in Colombia and 295 stores in the U.K.

The following tables detail pawn store count activity:

 Three Months Ended June 30, 2026 U.S. LatAm U.K. TotalTotal locations, beginning of period                      1,207                        1,838                           289                       3,334 New locations opened                             1                               6                               6                            13 Locations acquired                             7                             —                             —                              7 Consolidation of existing pawn locations (1)                           (3)                            (8)                            —                          (11)Total locations, end of period                      1,212                        1,836                           295                       3,343                  Six Months Ended June 30, 2026 U.S. LatAm U.K. TotalTotal locations, beginning of period                      1,207                        1,837                           286                       3,330 New locations opened                             1                             10                               9                            20 Locations acquired                             8                             —                             —                              8 Consolidation of existing pawn locations (1)                           (4)                          (11)                            —                          (15)Total locations, end of period                      1,212                        1,836                           295                       3,343  (1)Store consolidations, which include certain acquired locations that have been combined with overlapping stores, represent closings for which the Company expects to maintain a significant portion of the customer base in the consolidated location. Retail POS Payment Solutions

As of June 30, 2026, AFF provided LTO and retail POS payment solutions for consumer goods and services through a network of approximately 16,700 active retail merchant partner locations. This compares to the active door count of approximately 15,300 locations at June 30, 2025.

FIRSTCASH HOLDINGS, INC.
RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES
TO GAAP FINANCIAL MEASURES
(unaudited)

The Company uses certain financial calculations such as adjusted net income, adjusted diluted earnings per share, EBITDA, adjusted EBITDA, free cash flow, adjusted free cash flow, adjusted return on equity, adjusted return on assets and constant currency results as factors in the measurement and evaluation of the Company’s operating performance and period-over-period growth. The Company derives these financial calculations on the basis of methodologies other than generally accepted accounting principles (“GAAP”), primarily by excluding from a comparable GAAP measure certain items the Company does not consider to be representative of its actual operating performance. These financial calculations are “non-GAAP financial measures” as defined under the SEC rules. The Company uses these non-GAAP financial measures in operating its business because management believes they are less susceptible to variances in actual operating performance that can result from the excluded items, other infrequent charges and currency fluctuations. The Company presents these financial measures to investors because management believes they are useful to investors in evaluating the primary factors that drive the Company’s core operating performance and provide greater transparency into the Company’s results of operations. However, items that are excluded and other adjustments and assumptions that are made in calculating these non-GAAP financial measures are significant components in understanding and assessing the Company’s financial performance. These non-GAAP financial measures should be evaluated in conjunction with, and are not a substitute for, the Company’s GAAP financial measures. Further, because these non-GAAP financial measures are not determined in accordance with GAAP, and are thus susceptible to varying calculations, the non-GAAP financial measures, as presented, may not be comparable to other similarly-titled measures of other companies.

The Company has adjusted the applicable financial calculations to exclude merger and acquisition expenses, amortization of acquired intangible assets, the CFPB litigation settlement and certain other income and expenses. The Company does not consider these items to be related to the organic operations of the Company’s businesses or its continuing operations and are generally not relevant to assessing or estimating the long-term performance of the Company. In addition, excluding these items allows for more accurate comparisons of the financial results to prior periods. Merger and acquisition expenses include incremental costs directly associated with merger and acquisition activities, including professional fees, legal expenses, severance, retention and other employee-related costs, contract breakage costs, costs related to the consolidation of technology systems and corporate facilities and other integration costs, among others. 

FIRSTCASH HOLDINGS, INC.
RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES
TO GAAP FINANCIAL MEASURES
(unaudited)

Adjusted Net Income and Adjusted Diluted Earnings Per Share

Management believes the presentation of adjusted net income and adjusted diluted earnings per share provides investors with greater transparency and provides a more complete understanding of the Company’s financial performance and prospects for the future by excluding items that management believes are non-operating in nature and are not representative of the Company’s core operating performance. In addition, management believes the adjustments shown below are useful to investors in order to allow them to compare the Company’s financial results for the current periods presented with the prior periods presented.

The following tables provide a reconciliation between net income and diluted earnings per share calculated in accordance with GAAP to adjusted net income and adjusted diluted earnings per share, which are shown net of tax (in thousands, except per share amounts):

         Trailing Twelve Three Months Ended Six Months EndedMonths Ended June 30, June 30,June 30,  2026  2025   2026 2025 2026   2025 In Thousands In Thousands In Thousands In Thousands In Thousands In ThousandsNet income, as reported$         93,467  $         59,805  $       201,169   $       143,396  $       388,148   $       291,770Adjustments, net of tax:           Merger and acquisition expenses              4,771                2,134                5,417                 2,488              15,200                 2,690Amortization of acquired intangible assets            11,554                9,258              23,108               18,516              45,647               37,660CFPB litigation settlement                   —                9,390                     —                 9,390                     —                 9,390Other expense (income), net                 322                 (967)                (532)             (1,391)             (2,090)               1,482Adjusted net income$       110,114   $         79,620  $       229,162   $       172,399  $       446,905   $       342,992  Three Months Ended Six Months Ended June 30, June 30,  2026  2025   2026   2025  Per Share Per Share Per Share Per ShareDiluted earnings per share, as reported$             2.12  $             1.34  $             4.56   $             3.21 Adjustments, net of tax:       Merger and acquisition expenses                0.11                  0.05                  0.12                   0.06 Amortization of acquired intangible assets                0.26                  0.21                  0.52                   0.41 CFPB litigation settlement                   —                  0.21                     —                   0.21 Other expense (income), net                0.01                (0.02)               (0.01)               (0.03)Adjusted diluted earnings per share$             2.50  $             1.79  $             5.19   $             3.86  FIRSTCASH HOLDINGS, INC.
RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES
TO GAAP FINANCIAL MEASURES
(unaudited)

Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) and Adjusted EBITDA

The Company defines EBITDA as net income before income taxes, depreciation and amortization, interest expense and interest income and adjusted EBITDA as EBITDA adjusted for certain items, as listed below, that management considers to be non-operating in nature and not representative of its actual operating performance. The Company believes EBITDA and adjusted EBITDA are commonly used by investors to assess a company’s financial performance, and adjusted EBITDA is used as a starting point in the calculation of the consolidated total debt ratio as defined in the Company’s senior unsecured notes. The following table provides a reconciliation of net income to EBITDA and adjusted EBITDA (in thousands):
               

             Trailing Twelve Three Months Ended Six Months Ended Months Ended June 30, June 30, June 30, 2026  2025  2026  2025  2026  2025 Net income$      93,467   $      59,805  $    201,169   $    143,396  $    388,148   $    291,770 Income taxes       33,535          21,274         70,961          48,900       139,249          95,239 Depreciation and amortization       32,440          25,864         63,956          51,366       124,396        103,733 Interest expense       35,702          26,337         70,230          53,808       137,715        108,429 Interest income          (417)           (527)           (644)        (1,756)        (1,823)        (2,687)EBITDA     194,727        132,753       405,672        295,714       787,685        596,484 Adjustments:                 Merger and acquisition expenses         6,358            2,777           7,223            3,239         18,353            3,506 CFPB litigation settlement              —          11,000                —          11,000                —          11,000 Other expense (income), net            346          (1,401)           (833)        (1,944)        (3,596)          1,982 Adjusted EBITDA$    201,431   $    145,129  $    412,062   $    308,009  $    802,442   $    612,972  FIRSTCASH HOLDINGS, INC.
RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES
TO GAAP FINANCIAL MEASURES
(unaudited)

Free Cash Flow and Adjusted Free Cash Flow

For purposes of its internal liquidity assessments, the Company considers free cash flow and adjusted free cash flow. The Company defines free cash flow as cash flow from operating activities less purchases of furniture, fixtures, equipment and improvements and net fundings/repayments of pawn loan and finance receivables, which are considered to be operating in nature by the Company but are included in cash flow from investing activities. Adjusted free cash flow is defined as free cash flow adjusted for merger and acquisition expenses paid that management considers to be non-operating in nature.

Free cash flow and adjusted free cash flow are commonly used by investors as additional measures of cash generated by business operations that may be used to repay scheduled debt maturities and debt service or, following payment of such debt obligations and other non-discretionary items, that may be available to invest in future growth through new business development activities or acquisitions, repurchase stock, pay cash dividends or repay debt obligations prior to their maturities. These metrics can also be used to evaluate the Company’s ability to generate cash flow from business operations and the impact that this cash flow has on the Company’s liquidity. However, free cash flow and adjusted free cash flow have limitations as analytical tools and should not be considered in isolation or as a substitute for cash flow from operating activities or other income statement data prepared in accordance with GAAP. The following table reconciles cash flow from operating activities to free cash flow and adjusted free cash flow (in thousands):

         Trailing Twelve Three Months Ended Six Months Ended Months Ended June 30, June 30, June 30,  2026   2025   2026   2025   2026   2025 Cash flow from operating activities$       176,777   $       116,854  $       330,405   $       243,494  $       672,853   $       554,733 Cash flow from certain investing activities:           Pawn loans made        (667,577)         (471,331)      (1,329,288)         (893,706)      (2,529,810)      (1,770,554)Pawn loans repaid          372,464             257,218            776,118             531,098         1,442,058          1,026,859 Recovery of pawn loan principal through sale of forfeited collateral          193,646             164,081            405,124             332,016            832,441             661,991 Investments in finance receivables          (93,742)         (122,639)         (196,310)         (237,132)         (399,754)         (554,419)Proceeds from finance receivables            94,206               87,228            181,848             181,155            342,965             396,691 Purchases of furniture, fixtures, equipment and improvements          (17,748)           (12,952)           (37,864)           (25,866)           (66,904)           (51,447)Free cash flow            58,026               18,459            130,033             131,059            293,849             263,854 Merger and acquisition expenses paid, net of tax benefit              4,771                 2,134                5,417                 2,488              15,200                 2,690 Adjusted free cash flow$         62,797   $         20,593  $       135,450   $       133,547  $       309,049   $       266,544  FIRSTCASH HOLDINGS, INC.
RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES
TO GAAP FINANCIAL MEASURES
(unaudited)

Adjusted Return on Equity and Adjusted Return on Assets

Management believes the presentation of adjusted return on equity and adjusted return on assets provides investors with greater transparency and provides a more complete understanding of the Company’s financial performance by excluding items that management believes are non-operating in nature and not representative of the Company’s core operating performance.

Annualized adjusted return on equity and adjusted return on assets is calculated as follows (dollars in thousands):

 Trailing Twelve Months Ended June 30, 2026Adjusted net income (1)$                    446,905    Average stockholders’ equity (average of five most recent quarter-end balances)$                 2,247,290 Adjusted return on equity (trailing twelve months adjusted net income divided by average equity)20 %    Average total assets (average of five most recent quarter-end balances)$                 5,168,845 Adjusted return on assets (trailing twelve months adjusted net income divided by average total assets)9 %  (1) See detail of adjustments to net income in the “Adjusted Net Income and Adjusted Diluted Earnings Per Share” section above.
Constant Currency Results

The Company’s reporting currency is the U.S. dollar, however, certain performance metrics discussed in this release are presented on a “constant currency” basis, which is considered a non-GAAP financial measure. The Company’s management uses constant currency results to evaluate operating results of business operations in Latin America and the U.K., which are transacted in local currencies in Mexico, Guatemala, Colombia and the U.K. The Company also has operations in El Salvador, where the reporting and functional currency is the U.S. dollar.

The Company believes constant currency results provide valuable supplemental information regarding the underlying performance of its business operations in Latin America and the U.K., consistent with how the Company’s management evaluates such performance and operating results. Constant currency results reported herein are calculated by translating certain balance sheet and income statement items denominated in local currencies using the exchange rate from the prior-year comparable period, as opposed to the current comparable period, in order to exclude the effects of foreign currency rate fluctuations for purposes of evaluating period-over-period comparisons. 

FIRSTCASH HOLDINGS, INC.
RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES
TO GAAP FINANCIAL MEASURES
(unaudited) Latin America Pawn Segment Constant Currency ResultsThe following table presents operating results for the Latin America pawn segment using the exchange rate from the prior-year comparable periods (in thousands):

      Three Months Ended June 30, 2026 Six Months Ended June 30, 2026   Currency Constant   Currency Constant U.S. Exchange Currency U.S. Exchange Currency Dollar Rate Basis Dollar Rate Basis Basis Fluctuations (Non-GAAP) Basis Fluctuations (Non-GAAP)Revenue:           Retail merchandise sales$       174,316 $       (18,115) $         156,201 $       334,157 $       (39,642) $         294,515Pawn loan fees            79,572             (8,291)               71,281           156,218           (18,579)             137,639Wholesale scrap jewelry sales            38,154                    —                38,154             58,786                    —                58,786Total revenue          292,042           (26,406)             265,636           549,161           (58,221)             490,940            Cost of revenue:           Cost of retail merchandise sold          113,763           (11,771)             101,992           217,829           (25,722)             192,107Cost of wholesale scrap jewelry sold            32,947             (3,515)               29,432             49,807             (6,058)               43,749Total cost of revenue          146,710           (15,286)             131,424           267,636           (31,780)             235,856            Net revenue          145,332           (11,120)             134,212           281,525           (26,441)             255,084            Segment expenses:           Operating expenses            82,181             (8,312)               73,869           162,908           (18,814)             144,094Depreciation              5,002                (495)                 4,507               9,587             (1,079)                 8,508Total segment expenses            87,183             (8,807)               78,376           172,495           (19,893)             152,602            Segment pre-tax operating income$         58,149 $         (2,313) $           55,836 $       109,030 $         (6,548) $         102,482 The following table presents earning assets for the Latin America pawn segment using the exchange rate from the prior-year comparable period (in thousands):  As of June 30, 2026   Currency Constant U.S. Exchange Currency Dollar Rate Basis Basis Fluctuations (Non-GAAP)Earning assets:     Pawn loans$       198,347 $       (14,261) $         184,086Inventories          161,013           (11,601)             149,412 $       359,360 $       (25,862) $         333,498 Exchange Rates for the Mexican Peso, Guatemalan Quetzal, Colombian Peso and British Pound Sterling     June 30, Favorable / 2026 2025 (Unfavorable)U.S. dollar / Mexican peso exchange rate:       End-of-period17.5 18.9  7%
 Three months ended17.4 19.5  11%
 Six months ended17.5 20.0  13%
         U.S. dollar / Guatemalan quetzal exchange rate:       End-of-period7.6 7.7  1%
 Three months ended7.6 7.7  1%
 Six months ended7.6 7.7  1%
         U.S. dollar / Colombian peso exchange rate:       End-of-period3,444 4,070  15%
 Three months ended3,611 4,199  14%
 Six months ended3,655 4,195  13%
         British pound sterling  / U.S. dollar exchange rate:       End-of-period1.33 1.37  (3)% Three months ended1.34 1.34  —%
 Six months ended1.35 1.30  4%
  For further information, please contact:
Gar Jackson Global IR Group Phone:(817) 886-6998Email:[email protected]  Doug Orr, Executive Vice President and Chief Financial OfficerPhone:(817) 258-2650Email:[email protected]:
investors.firstcash.com

SILVER SPRING, Md. & DURHAM, N.C.--(BUSINESS WIRE)--United Therapeutics Corporation (Nasdaq: UTHR), a public benefit corporation, announced today that the company's Board of Directors appointed Victor Dzau, M.D., to its Board on July 22, 2026.Dr. Dzau recently completed a 12-year tenure as President of the National Academy of Medicine (NAM) and formerly served as Chancellor for Health Affairs at Duke University, President and CEO of the Duke University Health System, and Chairman of Medicine at.

23.7.2026 12:45, GOOGL

Technologická konglomerát Alphabet zveřejnil výsledky hospodaření za druhý kvartál roku 2026. Trhy zaujaly především výsledky Google Cloud, jehož výnosy meziročně vzrostly o 82 %. Nicméně rostoucí poptávka po cloudových službách a umělé inteligenci má za následek růst kapitálových výdajů, které jsou v tomto roce projektovány v rozmezí 195-205 mld. USD. Volné hotovostní toky poprvé v historii dosáhly záporných hodnot, a to 5,9 mld. USD.

Výsledky společnosti Alphabet (GOOGL) za 2Q 2026   2Q 2026 Konsensus 2Q 2026 2Q 2025 Výnosy (mld. USD) 119,8 117,02 96,43 Čistý zisk (mld. USD) 112,11 -- 28,20 Zisk na akcii (EPS, USD/akcie) 2,75* 2,90 2,31 *Zisk na akcii je očištěn především o jednorázové vlivy z přecenění investic Alphabetu do společností Anthropic a SpaceX. 

Výsledky za 2Q Výnosy společnosti meziročně vzrostly o 24 % nebo o 23 % na konstantní měnové bázi na 112,11 mld. USD. Při očištění výnosů od Traffic Acquisition Costs - TAC (náklady na získání návštěvnosti) dosáhl Alphabet výnosů ve výši 103,62 mld. USD (meziroční růst o 27 %), přičemž analytický konsensus byl na úrovni 101,07 mld. USD.

Provozní zisk zaznamenal meziroční růst o 30 % na 40,77 mld. USD při očekávání analytiků 40,55 mld. USD. Provozní marže meziročně vzrostla o 2,0 p. b. na 34,0 % při očekávání 34,7 %.

Počet zaměstnanců vzrostl v meziročním srovnání o 6,3 % na 198,9 tis. Analytici v průměru predikovali 195,53 tis.

Výnosy Alphabetu ve 3Q dle segmentu
(mld. USD) Segment Výnosy Konsenzus Meziroční změna Google Advertising (Výnosy plynoucí z reklamy) 81,63 81,12 +14 % Vyhledávač Google & ostatní
63,27 63,28 +17 % YouTube reklamy 11,06 10,81 +13 % Google Network (AdMob, AdSense,..)
7,30 7,13 -0,7 % Google Subscriptions, Platforms, and Devices (Google Play, Fitbit, Google Nest, Google Pixel, YT Premium,..) 12,91 13,06 +15 % Google Cloud (Google Cloud Platform, Google Workspace,..) 24,77 22,46 +82 % Other Bets (Ostatní sázky - Waymo, Verily, GFiber,..) 0,38 0,40 +2,4 % Počet zaměstnanců vzrostl v meziročním srovnání o 6,3 % na 198,9 tis. Analytici v průměru predikovali 195,53 tis.

Zisk společnosti byl reportován ve výši 9,11 USD, jež byl pozitivně ovlivněn přeceněním investic do společností Anthropic, SpaceX ve výši 99,0 mld. USD, což navýšilo čistý zisk o 77,1 mld. USD, respektive o 6,26 USD na akcii.

Google Cloud, kapitálové výdaje (CAPEX) a jejich vliv na Free cash flow Google Cloud zaznamenal meziroční růst výnosů o 82 % na 24,77 mld. USD. Tržní konsensus byl nastaven na 22,46 mld. USD. Provozní zisk v tomto segmentu dosáhl 8,81 mld. USD. Ve stejném období činil 2,83 mld. USD. Analytici jej v průměru predikovali ve výši 6,91 mld. USD.

Nezpracované zakázky (backlog) v Google Cloud dosáhly 514 mld. USD, což indikuje mezikvartální nárůst o více než 11,7 %.

S rostoucí poptávkou po cloudu se zvyšují kapitálové výdaje společnosti, které v uplynulém kvartálu dosáhly 44,92 mld. USD. Ve stejném období činily 22,45 mld. USD. Analytici v průměru predikovali 44,15 mld. USD. Přibližně 60 % z těchto výdajů byly vynaloženy na servery společnosti, 40 % na datacentra a síťovou infrastrukturu.

Společnost také přistoupila k opětovnému zvýšení kapitálových výdajů, a to na 195-205 mld. USD z původních 180-190 mld. USD. Alphabet tento krok odůvodnil zrychlením dodávek kapacity kvůli poptávce. V následujícím roce společnost nadále očekává výrazný nárůst kapitálových výdajů, projektované hodnoty zatím Alphabet nezveřejnil.

Růst kapitálových výdajů má negativní vliv na volné hotovostní toky společnosti (Free cash flow). Poprvé v historii se hotovostní toky propadly do červených čísel, když dosáhly -5,9 mld. USD. Společnost v uplynulém kvartálu zpětně neodkoupila akcie, naopak přistoupila k navýšení kapitálu z emise akcií (včetně povinně konvertibilních prioritních akcií) o přibližně 49,6 mld. USD.

Komentář CEO „Naše investice do umělé inteligence mění možnosti napříč celým naším podnikáním.

Druhé čtvrtletí bylo mimořádně úspěšné. Tržby společnosti Alphabet meziročně vzrostly o 24 % a tržby divize Google Cloud zrychlily růst na 82 %, a to díky silné poptávce po AI infrastruktuře a řešeních založených na umělé inteligenci. Těší nás široké rozšíření služby Gemini Enterprise, kterou dnes využívá téměř 90 % společností z žebříčku Fortune 100.

Pozitivní dynamiku sledujeme napříč celou společností. Naše populární AI funkce podporují růst počtu vyhledávacích dotazů. Modely Gemini nyní zpracovávají 22 miliard API tokenů za minutu a aplikace Gemini má 950 milionů měsíčně aktivních uživatelů. Silnou poptávku zaznamenáváme také po našich bezpečnostních řešeních a nový model Gemini 3.5 Flash Cyber nabízí špičkový výkon v oblasti kybernetické bezpečnosti při velmi vysoké nákladové efektivitě. Platforma YouTube navíc zůstává hlavním místem pro sledování významných světových událostí. Během mistrovství světa ve fotbale FIFA 2026 sledovalo videa související s turnajem více než 1,7 miliardy unikátních diváků, uvedl Sundar Pichai, CEO společnosti Alphabet.

Komentář analytiků Analytik z EverCore ISI uvedl, že Google navzdory vysokým očekáváním většinu z nich splnil. Za největší překvapení označil výsledky divize Google Cloud, která vykázala meziroční růst tržeb o 82 % a rekordní provozní marži 36 %.

Analytik z Barclays komentoval výsledky takto: „Náklady na integraci umělé inteligence do všech služeb společnosti, trénování modelů a obsluhu zákazníků Google Cloud vedou k prudkému růstu provozních i kapitálových výdajů, což v krátkodobém horizontu vytváří tlak na marže.“

Akcie Alphabet Akcie společnosti Alphabet (GOOGL) před začátkem obchodování oslabují o 4,21 % na 327,7 USD.

Akcie Alphabet Inc (GOOGL) včera uzavřely poklesem o 1,5 % na 342,09 USD Ukazatel   Ukazatel   Kapitalizace (mld. USD) 4163,7 P/E 33,1 Vývoj za letošní rok (%) +9,3 Očekávané P/E 23,0 52týdenní minimum (USD) 187,8 Prům. cílová cena (USD) 432,0 52týdenní maximum (USD) 408,6 Dividendový výnos (%) 0,2 Zdroj: Bloomberg, Alphabet

Jakub Němec, Fio banka, a.s.

Western Alliance Bancorporation remains a 'buy' as revenue and profitability continue to climb, with shares trading at compelling valuation multiples. WAL's Q2 2026 results featured net interest income of $716.5M, revenue above expectations, and net profit growth, despite a slight EPS miss. Asset quality is robust, with ROA at 1.09% and ROE at 10.83%, though non-performing loans rose to 0.92%, exceeding preferred thresholds.

July 23, 2026 04:34 ET  | Source: InterDigital, Inc.

WILMINGTON, Del., July 23, 2026 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a wireless, video and AI technology research and development company, today announced that it has been awarded another injunction against Disney by the Unified Patent Court (UPC). The UPC is a pan-European patent court which issues decisions that apply across multiple countries in the European Union (EU).

The Düsseldorf Local Division of the UPC ruled that InterDigital is entitled to an injunction over Disney’s infringement of an InterDigital patent covering certain video encoding techniques related to HEVC and confirmed the validity of this patent. The injunction against Disney spans 11 EU countries, including France, Germany and Italy. Disney can appeal the decision.

The judgment from the Düsseldorf court is the second injunction related to encoding for HEVC that InterDigital has received from the UPC against Disney.

Other injunctions have been issued by national courts in Germany and Brazil over Disney’s infringement of InterDigital’s intellectual property related to high dynamic range (HDR) technology, the dynamic overlaying of multiple video streams, casting video content over different devices, and additional compression technologies related to HEVC and AVC.

“Encoding for HEVC is a key component of the high-quality, premium viewing experience that streaming companies like Disney use to justify higher subscription prices,” said Josh Schmidt, Chief Legal Officer, InterDigital. “InterDigital has invested heavily in the development of advanced video encoding technologies and we remain committed to receiving a fair return for Disney’s ongoing use of our patented innovations.”

About InterDigital®

InterDigital is a global research and development company focused primarily on wireless, video, artificial intelligence (“AI”), and related technologies. We design and develop foundational technologies that enable connected, immersive experiences in a broad range of communications and entertainment products and services. We license our innovations worldwide to companies providing such products and services, including makers of wireless communications devices, consumer electronics, IoT devices, cars and other motor vehicles, and providers of cloud-based services such as video streaming. As a leader in wireless technology, our engineers have designed and developed a wide range of innovations that are used in wireless products and networks, from the earliest digital cellular systems to 5G and today’s most advanced Wi-Fi technologies. We are also a leader in video processing and video encoding/decoding technology, with a significant AI research effort that intersects with both wireless and video technologies. Founded in 1972, InterDigital is listed on Nasdaq.

InterDigital is a registered trademark of InterDigital, Inc.

For more information, visit: www.interdigital.com.

InterDigital Contact:
Richard Lloyd
Email: [email protected]
+1 (202) 349-1716

Revenue Growth of 9.5% (ex-FX) Year-over-Year Delivered Record Quarterly Revenue of $416 Million

2026 Full Year Guidance Raised

Board Authorized New Stock Repurchase Program of up to $400 Million

Strategic Medical Acquisition Broadens Product Portfolio and Expands Channel Access

NOVI, Mich., July 23, 2026 (GLOBE NEWSWIRE) -- Gentherm (NASDAQ:THRM), a global market leader of innovative thermal management and pneumatic comfort technologies, today announced its financial results for the second quarter ended June 30, 2026.

“The Gentherm team demonstrated strong commercial performance with record quarterly revenue, while also scaling our core technologies into new markets. Our growth initiatives in both home and office, and medical markets continued to accelerate.” said Bill Presley, the Company's President and CEO. “In addition, I was pleased with our execution during the quarter. The operating systems and key performance indicators we have put in place to drive more rigor and standardization throughout the business are yielding positive results.”

Second Quarter Highlights

Secured Automotive New Business Awards totaling $690 million in the quarter.Selected by two leading North American based furniture brands to supply climate and comfort solutions; fourth consecutive quarter securing new home and office customers.Product revenues of $416.2 million increased 11.0% from $375.1 million in the prior year. Excluding the impact of foreign currency translation, product revenues increased 9.5%, with Automotive increasing 9.8% and Medical decreasing 0.2%.Automotive Climate and Comfort Solutions revenue increased 14.1% year over year, or 12.7% excluding the impact of foreign currency translation, outperforming S&P Global’s mid-July light vehicle production report in our relevant markets by 14 percentage points.Gross margin was 23.2%, compared to 23.9% in the prior year. The decrease was primarily driven by higher material costs, including higher warranty accruals in Automotive and Medical, partially offset by strong operating leverage.Net income was $4.4 million, compared to $0.5 million in the prior year.Adjusted EBITDA was $48.8 million, or 11.7% of revenue, compared to $45.9 million, or 12.2% of revenue, in the prior year.GAAP diluted earnings per share was $0.14, compared to $0.02 in the prior year.Adjusted diluted earnings per share was $0.75, compared to $0.54 in the prior year.Cash flow from operations was $2.3 million, compared to $31.7 million in the prior year. The decrease was primarily driven by restructuring and merger and acquisition expenses.Second quarter ended with net leverage of ~0.3x and liquidity of $502.3 million. The Company provides various non-GAAP financial measures in this release. See “Use of Non-GAAP Measures” below for additional information, including definitions, usefulness for investors and limitations, as well as reconciliations below to the most directly comparable GAAP financial measures.

Guidance

The Company raised its guidance for full year 2026 which is provided below1:

 As of April 2026As of July 2026Product Revenues$1.5B – $1.6B$1.55B – $1.65BAdjusted EBITDA$175M – $195M$185M – $200MAdjusted Free Cash Flow$80M – $100M$85M – $100M 12026 guidance based on tariffs currently in effect as of today, our current forecast of customer orders and expectations of near-term conditions, light vehicle production in our relevant markets decreasing at a low single digit rate for full year 2026 versus 2025, and a EUR to USD exchange rate of $1.16/Euro. Assumes an effective tax rate of ~30%. Does not reflect any impact from the planned combination with Modine Performance Technologies.

Presley concluded, “Our strong first half performance puts us on track to deliver a solid year and gives us confidence in raising our 2026 guidance. We continue to transform the Company for profitable growth, margin expansion, and driving shareholder returns.”

M&A Updates

Completed key sign-to-close deliverables related to planned combination with Modine Performance Technologies. The transaction remains on track to close by early fourth quarter 2026.Acquired Innovative Medical Equipment, LLC, provider of the ThermaZone® thermal therapy device, expanding thermal management product portfolio and providing strong cross-selling opportunities by leveraging complementary customer bases across additional healthcare channels. New Stock Repurchase Authorization

The Board of Directors authorized a new stock repurchase program of up to $400 million of the Company’s issued and outstanding common stock.The new program will replace the Company's existing stock repurchase program effective July 27, 2026, and will remain in effect for a three-year period.As of June 30, 2026, the prior program had approximately $110 million of stock repurchase authorization remaining. “During the quarter, we secured financing that provides additional flexibility to support the long-term capital needs of the business. With a strong balance sheet and access to capital, we are well positioned to execute our strategic priorities while maintaining a disciplined approach to capital allocation.” said Jon Douyard, the Company’s Chief Financial Officer. “The Board's authorization of a new stock repurchase program underscores our confidence in the business's long-term cash flow generation and our commitment to creating value for shareholders.”

Conference Call

As previously announced, Gentherm will conduct a conference call today at 8:00 am Eastern Time to review these results. The dial-in number for the call is 1-877-407-4018 (callers in the U.S.) or +1-201-689-8471 (callers outside the U.S.). The passcode for the live call is 13761564.

A live webcast and one-year archived replay of the call, as well as a copy of the supplemental materials that will be used during the conference call, can be accessed on the Events page of the Investor section of Gentherm's website at www.gentherm.com.

A telephonic replay will be available approximately two hours after the call until 11:59 pm Eastern Time on August 6, 2026. The replay can be accessed by dialing 1-844-512-2921 (callers in the U.S.), or +1-412-317-6671 (callers outside the U.S.). The passcode for the replay is 13761564.

Investor Contact 
Gregory Blanchette
[email protected]  
248.308.1702 

Media Contact 
Haley Baur 
[email protected]  
248.289.9711

About Gentherm
Gentherm (NASDAQ: THRM) is a global market leader of innovative thermal management and pneumatic comfort technologies. Automotive products include Climate Control Seats (CCS®), Climate Control Interiors (CCI™), Lumbar and Massage Comfort Solutions, and Valve Systems. Medical products include patient temperature management systems. The Company is also developing a number of new technologies and products that will help enable improvements to existing products and to create new product applications for existing and new markets. Gentherm has more than 14,000 employees in facilities across 13 countries. In 2025, the company recorded annual sales of approximately $1.5 billion and secured $2.2 billion in automotive new business awards. For more information, go to www.gentherm.com. 

NO OFFER OR SOLICITATION
This release is not intended to and does not constitute an offer to sell or the solicitation of an offer to buy or exchange any securities or a solicitation of any vote or approval in any jurisdiction, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. It does not constitute a prospectus or prospectus equivalent document. No offering or sale of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act, and otherwise in accordance with applicable law.

Additional Information and Where to Find It
In connection with the proposed transaction (the “Proposed Transaction”) among Gentherm, Modine Manufacturing Company (“Modine”) and Modine’s Performance Technologies business (“SpinCo”), the parties have filed relevant materials with the SEC, including, among other filings, a registration statement on Form S-4 filed by Gentherm on July 2, 2026 (the “Form S-4”) that includes a preliminary proxy statement/prospectus of Gentherm, and a registration statement on Form 10 filed by SpinCo that incorporates by reference certain portions of the Form S-4 and serves as an information statement/prospectus in connection with the spin-off of SpinCo from Modine. Neither the Form S-4 nor the Form 10 have yet become effective. After the Form S-4 is declared effective by the SEC, a definitive proxy statement/prospectus will be mailed to shareholders of Gentherm. INVESTORS AND SECURITY HOLDERS OF GENTHERM AND MODINE ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS, THE INFORMATION STATEMENT/PROSPECTUS AND ANY OTHER DOCUMENTS THAT ARE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT GENTHERM, MODINE, SPINCO, THE PROPOSED TRANSACTION AND RELATED MATTERS. Investors and security holders are able to obtain free copies of the Form S-4 and the proxy statement/prospectus (when available) and other documents filed with the SEC by Gentherm, Modine or SpinCo through the website maintained by the SEC at www.sec.gov. Copies of the documents filed with the SEC by Gentherm are available free of charge on Gentherm’s website at ir.Gentherm.com under the tab “Financial Info” and under the heading “SEC Filings.” Copies of the documents filed with the SEC by Modine and SpinCo are available free of charge on Modine’s website at investors.Modine.com under the tab “Financials” and under the heading “SEC Filings.”

Participants in the Solicitation
Gentherm and Modine and their respective directors and executive officers and other members of management and employees may be considered participants in the solicitation of proxies from Gentherm’s shareholders in connection with the Proposed Transaction under the rules of the SEC. Information about the directors and executive officers of Gentherm is set forth in its Annual Report on Form 10-K for the year ended December 31, 2025, which was filed with the SEC on February 19, 2026, and its proxy statement for its 2026 annual meeting of shareholders, which was filed with the SEC on April 1, 2026 and supplemented on April 10, 2026. To the extent holdings of Gentherm’s securities by its directors or executive officers have changed since the amounts set forth in such filings, such changes have been or will be reflected on Initial Statements of Beneficial Ownership on Form 3 or Statements of Beneficial Ownership on Form 4 filed with the SEC. Information about the directors and executive officers of Gentherm and other information regarding the potential participants in the proxy solicitations and a description of their direct and indirect interests, by security holdings or otherwise, are contained in the proxy statement/prospectus and other relevant materials filed with the SEC regarding the Proposed Transaction. Information about the directors and executive officers of Modine is set forth in its Annual Report on Form 10-K for the year ended March 31, 2026, which was filed with the SEC on May 27, 2026, and its proxy statement for its 2026 annual meeting of shareholders, which was filed with the SEC on July 10, 2026. To the extent holdings of Modine’s securities by its directors or executive officers have changed since the amounts set forth in such filings, such changes have been or will be reflected on Initial Statements of Beneficial Ownership on Form 3 or Statements of Beneficial Ownership on Form 4 filed with the SEC. You may obtain these documents (when they become available) free of charge through the website maintained by the SEC at www.sec.gov and from Gentherm’s website and Modine’s website as described above.

Forward-Looking Statements 
Except for historical information contained herein, statements in this release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent Gentherm Incorporated's goals, beliefs, plans and expectations about its prospects for the future and other future events. The forward-looking statements included in this release are made as of the date hereof or as of the date specified herein and are based on management's reasonable expectations and beliefs. In making these statements we rely on assumptions and analysis based on our experience and perception of historical trends, current conditions and expected future developments, third party information and projections from sources that management believes to be reputable, as well as other factors we consider appropriate under the circumstances. Such statements are subject to a number of important assumptions, significant risks and uncertainties (some of which are beyond our control) and other factors that may cause actual results or performance to differ materially from that described in or indicated by the forward-looking statements, including but not limited to:

macroeconomic, geopolitical and similar global factors in the cyclical Automotive industry;the impact of, and our ability to mitigate the effects of, global economic and trade policies, including increases in duties, tariffs and taxation on the import or export of our products related to U.S. trade disputes;increasing U.S. and global competition, including with non-traditional entrants;our ability to effectively manage new product launches and research and development, and the market acceptance of such products and technologies;the evolution and challenges of the automotive industry towards electric vehicles, autonomous vehicles and mobility on demand services, and related consumer behaviors and preferences;our ability to convert automotive new business awards into product revenues;the constraints in the supply chain environment, and inflationary and other cost pressures;the production levels of our major customers and OEMs in our relevant markets and sudden fluctuations in such production levels;our business in China, which is subject to unique operational, competitive, geopolitical, regulatory and economic risks;the impact of our global operations, including our cost structure and global manufacturing footprint, operations within Ukraine, and foreign currency and exchange risk;our product quality and safety and impact of product safety recalls and alleged defects in products;our ability to attract and retain highly skilled employees and wage inflation;a tightening labor market, labor shortages or work stoppages impacting us, our customers or our suppliers, such as recent labor strikes among certain OEMs and suppliers;our achievement of product cost reductions to offset customer-imposed price reductions or other pricing pressures;our ability to execute efforts to optimize our global supply chain and manufacturing footprint, including opening new facilities and transferring production;our ability to source, consummate, integrate and achieve planned benefits of strategic acquisitions, investments and, as applicable, exits;any security breaches and other disruptions to our information technology networks and systems, as well as privacy, data security and data protection risks, including risks associated with use of artificial intelligence capabilities in our business operations;any loss or insolvency of our key customers and OEMs, or key suppliers;our ability to project future sales volume based on third-party information, based on which we manage our business;the protection of our intellectual property in certain jurisdictions;our compliance with global anti-corruption laws and regulations;legal and regulatory proceedings and claims involving us or one of our major customers;the extensive regulation of our patient temperature management business;risks associated with our manufacturing processes;the effects of climate change and regulatory and stakeholder-imposed requirements to address climate change and other sustainability issues;our product quality and safety;our borrowing availability under our revolving credit facility, as well as the ability to access the capital markets, to support our planned growth; andour indebtedness and compliance with our debt covenants. Furthermore, important factors related to the Proposed Transaction could cause actual results to differ materially from those currently anticipated, including:

that one or more closing conditions to the Proposed Transaction, including certain regulatory approvals, may not be satisfied or waived, on a timely basis or otherwise, including that a governmental entity may prohibit, delay or refuse to grant approval for the consummation of the Proposed Transaction, may require conditions, limitations or restrictions in connection with such approvals or that the required approval by the shareholders of Gentherm may not be obtained;the risk that the Proposed Transaction may not be completed on the terms or in the time frame expected by Gentherm, Modine and SpinCo, or at all;unexpected costs, charges or expenses resulting from the Proposed Transaction;uncertainty of the expected financial performance of the combined company following completion of the Proposed Transaction;failure to realize the anticipated benefits of the Proposed Transaction, including as a result of delay in completing the Proposed Transaction or integrating the businesses of Gentherm and SpinCo, on the expected timeframe or at all;the ability of the combined company to implement its business strategy;difficulties and delays in the combined company achieving revenue and cost synergies;inability of the combined company to retain and hire key personnel;the occurrence of any event that could give rise to termination of the Proposed Transaction;the risk that shareholder litigation in connection with the Proposed Transaction or other litigation, settlements or investigations may affect the timing or occurrence of the Proposed Transaction or result in significant costs of defense, indemnification and liability;evolving legal, regulatory and tax regimes;changes in general economic and/or industry specific conditions or any volatility resulting from the imposition of and changing policies, including those policies with respect to tariffs;actions by third parties, including government agencies;the risk that the anticipated tax treatment of the Proposed Transaction is not obtained;the risk of greater than expected difficulty in separating the business of SpinCo from the other businesses of Modine; andrisks related to the disruption of management time from ongoing business operations due to the pendency of the Proposed Transaction, or other effects of the pendency of the Proposed Transaction on the relationship of any of the parties to the Proposed Transaction with their employees, customers, suppliers, or other counterparties. The foregoing risks should be read in conjunction with the Company's reports filed with or furnished to the Securities and Exchange Commission (the “SEC”), including “Risk Factors,” in its most recent Annual Report on Form 10-K and subsequent SEC filings, for a discussion of these and other risks and uncertainties. In addition, with reasonable frequency, we have entered into business combinations, acquisitions, divestitures, strategic investments and other significant transactions. Such forward-looking statements do not include the potential impact of any such transactions that may be completed after the date hereof (except the Proposed Transaction to the extent specified), each of which may present material risks to the Company’s future business and financial results. Moreover, we operate in a very competitive and rapidly changing environment and new risks emerge from time to time.

Except as required by law, the Company expressly disclaims any obligation or undertaking to update any forward-looking statements to reflect any change in its strategies or expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. 

Use of Non-GAAP Financial Measures
In addition to the results reported in accordance with GAAP throughout this release, the Company has provided here or elsewhere information regarding: adjusted earnings before interest, taxes, depreciation and amortization (“Adjusted EBITDA”); Adjusted EBITDA margin; Adjusted net income; Adjusted earnings per share (“Adjusted earnings per share” or “Adjusted EPS”); Quarter-to-date Operating Cash Flow; Free Cash Flow; Adjusted Free Cash Flow; Adjusted Free Cash Flow Conversion rate; net capital expenditures (“net CAPEX”); Net Debt; Liquidity; Net Leverage Ratio (“Net Leverage”); revenue, segment revenue and product revenue excluding foreign currency translation and other specified gains and losses; Adjusted operating expenses; Pro Forma Revenue; Pro Forma Adjusted EBITDA; and Pro Forma Adjusted EBITDA Margin, each a non-GAAP financial measure. The Company defines Adjusted EBITDA as earnings before interest, taxes, depreciation and amortization, deferred financing cost amortization, non-cash stock based compensation expenses, restructuring expenses, net, unrealized currency gain or loss and other gains and losses not reflective of the Company’s ongoing operations and related tax effects. The Company defines Adjusted EBITDA margin as Adjusted EBITDA divided by product revenues. The Company defines Adjusted net income as earnings adjusted by restructuring expenses, net, unrealized currency gain or loss and other gains and losses not reflective of the Company’s ongoing operations and related tax effects. The Company defines Adjusted EPS as Adjusted net income divided by the Company’s weighted average shares outstanding. The Company defines Quarter-to-date Operating Cash Flow as Net cash provided by/(used in) operating activities for the current period, less that of the immediately preceding period. The Company defines Free Cash Flow as Net cash provided by/(used in) operating activities plus Proceeds from the sale of property and equipment less Purchases of property and equipment. The Company defines net CAPEX as Purchases of property and equipment less Proceeds from the sale of property and equipment. The Company defines Adjusted Free Cash Flow as Net cash provided by/(used in) operating activities, excluding cash restructuring expenses, net and other gains and losses not reflective of the Company’s ongoing operations, less net CAPEX. The Company defines Adjusted Free Cash Flow Conversion rate as Adjusted Free Cash Flow divided by Adjusted EBITDA. The Company defines Net Debt as the principal amount of all Consolidated Funded Indebtedness (as defined in the Credit Agreement) less cash and cash equivalents. The Company defines Liquidity as the sum of cash and cash equivalents and availability under the Company’s revolving line of credit. The Company defines Net Leverage as Net Debt divided by Adjusted EBITDA for the trailing four fiscal quarters. The Company defines revenue, segment revenue or product revenue excluding foreign currency translation and other specified gains and losses as such revenue, excluding the estimated effects of foreign currency exchange on revenue by translating actual revenue using the prior period foreign currency exchange rates and excluding the other items specified. The Company defines Adjusted operating expenses as operating expenses excluding related non-cash stock based compensation, restructuring expenses, net, and other gains and losses not reflective of the Company’s ongoing operations. The Company defines Pro Forma Revenue as Gentherm’s product revenues for the trailing four fiscal quarters (from the date specified), plus Modine Performance Technologies’ Net sales for the trailing four fiscal quarters (from the date specified), as reported by Modine Manufacturing Company, adjusted to reflect the latest business structure. The Company defines Pro Forma Adjusted EBITDA as Gentherm’s Adjusted EBITDA for the trailing four fiscal quarters (from the date specified), plus Modine Performance Technologies’ Adjusted EBITDA for the trailing four fiscal quarters (from the date specified), as reported by Modine Manufacturing Company, adjusted to reflect the latest business structure and go-forward operational alignment. The Company defines Pro Forma Adjusted EBITDA Margin as Pro Forma Adjusted EBITDA divided by Pro Forma Revenue.

The Company’s reconciliations are included in this release or can be found in the supplemental materials for this reporting period on the Company’s website.

In evaluating its business, the Company considers and uses Quarter-to-date Operating Cash Flow, Free Cash Flow, Adjusted Free Cash Flow, Adjusted Free Cash Flow Conversion rate, Net Debt, Net Leverage and Liquidity as supplemental measures of its liquidity and the other non-GAAP financial measures as supplemental measures of its operating performance. Management provides such non-GAAP financial measures so that investors will have the same financial information that management uses with the belief that it will assist investors in properly assessing the Company's performance on a period-over-period basis by excluding matters not indicative of the Company’s ongoing operating or liquidity results and therefore enhance the comparability of the Company's results and provide additional information for analyzing trends in the business. In evaluating our non-GAAP financial measures, you should be aware that in the future we may incur revenues, expenses, and cash and non-cash obligations that are the same as or similar to some of the adjustments in our presentation of non-GAAP financial measures. Our presentation of non-GAAP financial measures should not be construed as an inference that our future results will be unaffected by unusual or non-recurring items. There also can be no assurance that we will not modify the presentation of our non-GAAP financial measures in the future, and any such modification may be material. Other companies in our industry may define and calculate these non-GAAP financial measures differently than we do and those calculations may not be comparable to our metrics. These non-GAAP measures have limitations as analytical tools, and when assessing the Company's operating performance or liquidity, investors should not consider these non-GAAP measures in isolation, or as a substitute for net income/(loss), revenue or other consolidated income/(loss) statement or cash flow statement data prepared in accordance with GAAP.

Non-GAAP measures referenced in this release and other public communications may include estimates of future Adjusted EBITDA, Adjusted EBITDA margin, Adjusted Free Cash Flow, Adjusted Free Cash Flow Conversion rate, Adjusted EPS, Pro Forma Revenue, Pro Forma Adjusted EBITDA and Pro Forma Adjusted EBITDA Margin. The Company has not reconciled the non-GAAP forward-looking guidance included in this release to the most directly comparable GAAP measures because this cannot be done without unreasonable effort due to the variability and low visibility with respect to taxes and non-recurring items, which are potential adjustments to future earnings. We expect the variability of these items to have a potentially unpredictable, and a potentially significant, impact on our future GAAP financial results.

  GENTHERM INCORPORATEDCONSOLIDATED CONDENSED STATEMENTS OF INCOME
(Dollars in thousands, except per share data)
(Unaudited)

          Three Months Ended June 30,  Six Months Ended June 30,   2026  2025  2026  2025 Product revenues $416,166  $375,090  $809,872  $728,944 Cost of sales  319,739   285,328   616,218   552,717 Gross margin  96,427   89,762   193,654   176,227 Operating expenses:            Net research and development expenses  24,069   22,558   48,015   46,774 Selling, general and administrative expenses  55,705   41,087   111,010   79,565 Restructuring expenses, net  5,964   2,108   12,655   6,622 Loss on sale of land and building, net  —   —   —   2,196 Total operating expenses  85,738   65,753   171,680   135,157 Operating income  10,689   24,009   21,974   41,070 Interest expense, net  (3,290)  (4,043)  (5,923)  (7,598)Foreign currency loss  (237)  (17,432)  (1,297)  (27,730)Other income (loss)  162   —   184   (1,124)Earnings before income tax  7,324   2,534   14,938   4,618 Income tax expense  2,904   2,057   6,300   4,269 Net income $4,420  $477  $8,638  $349 Basic earnings per share $0.14  $0.02  $0.28  $0.01 Diluted earnings per share $0.14  $0.02  $0.28  $0.01 Weighted average number of shares – basic  30,650   30,600   30,584   30,687 Weighted average number of shares – diluted  31,054   30,652   30,947   30,781    GENTHERM INCORPORATEDREVENUE BY PRODUCT CATEGORY AND RECONCILIATION OF FOREIGN CURRENCY TRANSLATION IMPACT
(Dollars in thousands)
(Unaudited)

          Three Months Ended June 30,  Six Months Ended June 30,   2026  2025  % Change  2026  2025  % Change Climate Control Seats $217,465  $200,020   8.7 % $424,053  $391,173   8.4 %Lumbar and Massage Comfort Solutions  72,588   52,530   38.2 %  134,849   97,843   37.8 %Climate Control Interiors  52,538   49,585   6.0 %  103,302   94,926   8.8 %Climate and Comfort Electronics  8,746   5,906   48.1 %  17,906   13,621   31.5 %Automotive Climate and Comfort Solutions  351,337   308,041   14.1 %  680,110   597,563   13.8 %Valve Systems  25,102   25,143   (0.2)%  51,675   48,316   7.0 %Other Automotive  28,376   30,668   (7.5)%  55,196   59,847   (7.8)%Subtotal Automotive segment  404,815   363,852   11.3 %  786,981   705,726   11.5 %Medical segment  11,351   11,238   1.0 %  22,891   23,218   (1.4)%Total Company $416,166  $375,090   11.0 % $809,872  $728,944   11.1 %                   Foreign currency
translation impact (a)  5,298   —      19,592   —    Total Company, excluding foreign currency translation impact $410,868  $375,090   9.5 % $790,280  $728,944   8.4 %                   (a) Foreign currency translation impacts for the Automotive segment and Medical segment were $5,161 and $137 respectively, for the three months ended June 30, 2026. Foreign currency translation impacts for Automotive Climate and Comfort Solutions were $4,298 for the three months ended June 30, 2026. Foreign currency translation impacts for the Automotive segment and Medical segment were $19,140 and $452 respectively, for the six months ended June 30, 2026. Foreign currency translation impacts for Automotive Climate and Comfort Solutions were $15,218 for the six months ended June 30, 2026.    GENTHERM INCORPORATEDRECONCILIATION OF NET INCOME TO ADJUSTED EBITDA
AND ADJUSTED EBITDA MARGIN
(Dollars in thousands)
(Unaudited)

          Three Months Ended June 30,  Six Months Ended June 30,   2026  2025  2026  2025 Net income $4,420  $477  $8,638  $349 Add back:            Depreciation and amortization  14,310   13,058   28,383   25,846 Income tax expense  2,904   2,057   6,300   4,269 Interest expense, net  3,290   4,043   5,923   7,598 Adjustments:            Non-cash stock based compensation  4,735   3,992   7,446   6,589 Restructuring expenses, net  5,964   2,108   12,655   6,622 Unrealized currency (gain) loss  (644)  18,877   174   28,484 Merger and acquisition expenses  12,862   —   27,659   — Leadership transition expenses  1,107   1,260   1,410   2,158 Loss on sale of land and building, net  —   —   —   2,196 Other (a)  (163)  25   (458)  1,127 Adjusted EBITDA $48,785  $45,897  $98,130  $85,238              Product revenues $416,166  $375,090  $809,872  $728,944 Net income margin  1.1%  0.1%  1.1%  0.0%Adjusted EBITDA margin  11.7%  12.2%  12.1%  11.7%             (a) Includes a $1,294 decrease in fair value of an equity investment for the six months ended June 30, 2025.    GENTHERM INCORPORATEDRECONCILIATION OF NET INCOME TO ADJUSTED NET INCOME
AND ADJUSTED EARNINGS PER SHARE
(Dollars in thousands, except per share data)
(Unaudited)

          Three Months Ended June 30,  Six Months Ended June 30,   2026  2025  2026  2025 Net income $4,420  $477  $8,638  $349 Amortization of acquisition related intangibles  1,686   1,638   3,375   3,197 Restructuring expenses, net  5,964   2,108   12,655   6,622 Unrealized currency (gain) loss  (644)  18,877   174   28,484 Merger and acquisition expenses  12,862   —   27,659   — Leadership transition expenses  1,107   1,260   1,410   2,158 Loss on sale of land and building, net  —   —   —   2,196 Other  (163)  25   (458)  1,127 Tax effect of above  (2,058)  (7,709)  (4,461)  (11,840)Adjusted net income $23,174  $16,676  $48,992  $32,293              Weighted average shares outstanding:            Basic  30,650   30,600   30,584   30,687 Diluted  31,054   30,652   30,947   30,781              Earnings per share, as reported:            Basic $0.14  $0.02  $0.28  $0.01 Diluted $0.14  $0.02  $0.28  $0.01              Adjusted earnings per share:            Basic $0.76  $0.54  $1.60  $1.05 Diluted $0.75  $0.54  $1.58  $1.05               GENTHERM INCORPORATEDCONSOLIDATED CONDENSED BALANCE SHEETS
(Dollars in thousands, except share data)
(Unaudited)

     June 30, 2026  December 31, 2025 ASSETS      Current Assets:      Cash and cash equivalents $213,173  $160,833 Accounts receivable, net  338,851   281,083 Inventory:      Raw materials  116,549   128,314 Work in process  37,913   35,429 Finished goods  90,076   88,959 Inventory, net  244,538   252,702 Other current assets  83,451   82,332 Total current assets  880,013   776,950 Property and equipment, net  268,780   270,614 Goodwill  107,111   108,918 Other intangible assets, net  49,703   52,796 Operating lease right-of-use assets  50,794   56,524 Deferred income tax assets  92,957   93,552 Other non-current assets  43,846   37,075 Total assets $1,493,204  $1,396,429 LIABILITIES AND SHAREHOLDERS’ EQUITY      Current Liabilities:      Accounts payable $270,382  $260,487 Current lease liabilities  8,199   9,646 Current maturities of long-term debt  868   73 Other current liabilities  146,832   134,104 Total current liabilities  426,281   404,310 Long-term debt, less current maturities  272,390   189,000 Non-current lease liabilities  43,623   48,105 Pension benefit obligation  3,313   3,748 Other non-current liabilities  24,479   30,943 Total liabilities $770,086  $676,106 Shareholders’ Equity:      Common Stock:      No par value; 55,000,000 shares authorized 30,705,208 and 30,526,231 issued and outstanding at June 30, 2026 and December 31, 2025, respectively  10,709   5,611 Paid-in capital  1,590   1,590 Accumulated other comprehensive loss  (11,905)  (964)Accumulated earnings  722,724   714,086 Total shareholders’ equity  723,118   720,323 Total liabilities and shareholders’ equity $1,493,204  $1,396,429      GENTHERM INCORPORATED CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS
(Dollars in thousands)
(Unaudited)

       Six Months Ended June 30,   2026  2025 Operating Activities:      Net income $8,638  $349 Adjustments to reconcile net income to net cash provided by operating activities:      Depreciation and amortization  28,744   26,089 Deferred income taxes  (8,676)  (12,202)Stock based compensation  7,446   6,604 Loss on disposition of property and equipment  246   2,444 Provisions for inventory  2,425   3,213 Other non-cash items, including unrealized foreign currency (gain) loss  1,456   31,364 Changes in assets and liabilities:      Accounts receivable, net  (58,121)  (23,690)Inventory  (4,379)  (13,430)Other assets  (3,816)  (23,102)Accounts payable  16,224   20,522 Other liabilities  12,085   13,540 Net cash provided by operating activities  2,272   31,701 Investing Activities:      Purchases of property and equipment  (14,203)  (23,728)Proceeds from the sale of property and equipment  70   3,745 Proceeds from deferred purchase price of factored receivables  —   744 Cost of technology investments  (250)  (590)Net cash used in investing activities  (14,383)  (19,829)Financing Activities:      Borrowings on debt  142,000   52,000 Repayments of debt  (71,072)  (63,076)Cash paid for financing new loans  (2,761)  — Taxes withheld and paid on employees' stock based compensation  (2,302)  (1,238)Cash paid for the repurchase of Common Stock  —   (10,015)Net cash provided by (used in) financing activities  65,865   (22,329)Foreign currency effect  (1,414)  4,620 Net increase (decrease) in cash and cash equivalents  52,340   (5,837)Cash and cash equivalents at beginning of period  160,833   134,134 Cash and cash equivalents at end of period $213,173  $128,297    GENTHERM INCORPORATEDOTHER NON-GAAP RECONCILIATIONS
(Dollars in thousands)
(Unaudited)

          Three Months Ended June 30,  Six Months Ended June 30,   2026  2025  2026  2025 Total operating expenses $85,738  $65,753  $171,680  $135,157 Restructuring expense, net  (5,964)  (2,108)  (12,655)  (6,622)Non-cash stock based compensation  (4,536)  (3,883)  (6,954)  (6,232)Merger and acquisition expenses  (12,862)  —   (27,659)  — Leadership transition expenses  (1,107)  (1,260)  (1,410)  (2,158)Loss on sale of land and building, net  —   —   —   (2,196)Adjusted operating expenses $61,269  $58,502  $123,002  $117,949    June 30, 2026  June 30, 2025 Cash and cash equivalents $213,173  $128,297 Revolving line of credit availability  289,137   287,970 Total liquidity $502,310  $416,267    June 30, 2026  June 30, 2025 Current maturities of long-term debt $868  $146 Long-term debt, less current maturities  272,390   209,000 Total Debt  273,258   209,146 Cash and cash equivalents  213,173   128,297 Net Debt $60,085  $80,849        Adjusted EBITDA for the trailing four fiscal quarters $187,712  $174,714 Net Leverage  0.3   0.5    Three Months Ended June 30,  Six Months Ended June 30,   2026  2025  2026  2025 Net cash provided by operating activities $7,315  $45,045  $2,272  $31,701 Purchases of property and equipment  (8,552)  (8,857)  (14,203)  (23,728)Proceeds from the sale of property and equipment  69   2   70   3,745 Free Cash Flow  (1,168)  36,190   (11,861)  11,718 Cash effect of adjustments:            Restructuring expenses, net  4,464   1,933   6,618   4,340 Merger and acquisition expenses  15,153   —   21,052   — Leadership transition expenses  26   206   26   6,061 Other  —   (2,143)  —   (1,399)Adjusted Free Cash Flow $18,475  $36,186  $15,835  $20,720 

PHILADELPHIA--(BUSINESS WIRE)--Comcast Corporation (NASDAQ: CMCSA) today reported results for the quarter ended June 30, 2026. “Second quarter results show continued progress against our strategic priorities," said Brian L. Roberts and Mike Cavanagh, co-CEOs of Comcast Corporation. "In Connectivity & Platforms, our strategic pivot in broadband is gaining traction, and we are seeing that progress extend across the broader connectivity portfolio. We delivered our best wireless quarter ever, s.

Comcast's Peacock streaming service reported its first quarterly profit ever on Thursday, as the soccer World Cup and the hit reality show "Love Island USA" ​attracted more subscribers.

DAYTONA BEACH, Fla., July 23, 2026 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (the “Company”) today announced the next phase of its enterprise technology transformation: becoming an AI-first enterprise. This evolution is designed to responsibly leverage artificial intelligence (AI), rewire key business processes to accelerate growth, enhance customer experience, improve teammate productivity and strengthen business performance.

The Company is building AI as a foundational enterprise capability, designed to quickly scale across the business while empowering local teams to address customer and operational needs.

Encouraged by gains realized in initial pilot projects, Brown & Brown is entering the next phase of its AI journey. This phase will focus on thoughtfully expanding AI capabilities using Brown & Brown’s agile, entrepreneurial operating model to incubate AI solutions close to the business and customer, while quickly proving value and deploying capabilities at scale.

This enhanced model empowers local development to address business needs, while creating an operating platform that supports companywide adoption. To do this, the Company has selected Anthropic, McKinsey & Company and Accenture as partners, combining expertise in “frontier” AI, business transformation and governance to establish the guardrails, operating discipline and execution model needed to scale AI responsibly across the enterprise.

“Our teammates are Brown & Brown’s greatest differentiator, and we view AI as an enabler of their experience, specialization and judgment — not a replacement for it,” said Powell Brown, president and chief executive officer of Brown & Brown. “By responsibly implementing AI across our business, we can help teammates spend more time advising customers, building relationships and delivering the specialized solutions that set Brown & Brown apart. To do this well, we are bringing together the right mix of internal leadership and external partners who are leaders in this space.”

Becoming AI-first is more than just deploying technology. It means building a culture of continuous improvement and arming every teammate with the ability to work smarter, unlock creativity, move faster and deliver even greater value to customers. The Company will ultimately deploy Anthropic’s Claude across its 23,000 teammates and integrate AI into end-to-end workflows supporting customer service, operations, technology and corporate functions.

Jim Bramblet, senior managing director leading Accenture's U.S. Insurance business, said, “Brown & Brown is taking a forward-looking approach to using AI to help drive growth, improve efficiency and create value across the business. By combining Anthropic's advanced AI capabilities with Accenture's experience designing technology architectures, developing implementation roadmaps and supporting business transformation, this collaboration is focused on accelerating innovation, modernizing how work gets done and turning AI investments into measurable business outcomes.”

Brown & Brown is also establishing a value management office (VMO) to support disciplined execution and ongoing, outcomes-based evaluation of its AI initiatives. The office will monitor adoption, measure business impact and return on investment, and maintain controls as AI capabilities scale across the enterprise.

“We are excited to partner with Brown & Brown on this next chapter of its AI transformation. Brown & Brown has demonstrated a clear commitment to using AI to create meaningful value for its customers, teammates and shareholders. We look forward to helping the company redesign how work gets done and capture the full potential of AI at enterprise scale,” said Ari Libarikian, global co-lead of McKinsey’s Insurance Practice.

As part of its broader technology transformation, Brown & Brown will also deploy Claude Code across its entire software engineering organization to reimagine and implement an AI-enabled software development lifecycle, expected to improve developer productivity, strengthen software quality and accelerate delivery.

"Brown & Brown's engineers are using Claude Code to develop in hours what used to take days, cutting troubleshooting time dramatically and catching vulnerabilities that other tools missed — and the company is now expanding Claude from a handful of pilot teams to the entire enterprise," said Michael Hartman, head of Americas enterprise, Anthropic. "That's what becoming an AI-first enterprise looks like — proving the value first, then giving every teammate the same capability." 

Early Claude Code usage across select pilot teams at Brown & Brown shows promising results:

Improved developer productivity: participating teams have reported productivity gains of approximately 2x to 8x, with certain work that previously took days completed in hours.Enhanced security and code quality: AI-enabled workflows have reduced analysis and troubleshooting time by an estimated 80–90% in certain use cases and helped identify software vulnerabilities not detected by other tools.Strong teammate adoption: participating teams reported high confidence in Claude Code, with 80% rating its value 5 out of 5 during the rollout. Together, these efforts position Brown & Brown to scale responsible AI across its business while keeping teammates, customers, security and measurable outcomes at the center of its transformation.

About Brown & Brown Inc.

Brown & Brown, Inc. (NYSE: BRO) is a leading insurance brokerage firm delivering comprehensive and customized insurance solutions and specialization since 1939. With a global presence spanning 700+ locations and a team of more than 23,000 professionals, we are dedicated to delivering scalable, innovative strategies for our customers at every step of their growth journey. Learn more at BBrown.com.

Forward-Looking Statements

This press release contains forward-looking statements, including statements relating to Brown & Brown’s plans and expectations regarding AI, the next phase of its transformation, estimated efficiency improvements, teammate adoption metrics and statements regarding its early results and expected benefits. These statements are not historical facts but instead represent only Brown & Brown’s current belief regarding future events, many of which, by their nature, are inherently uncertain and outside of Brown & Brown’s control. It is possible that Brown & Brown’s actual results and financial condition may differ, possibly materially, from the anticipated results and financial condition indicated in these forward-looking statements. Further information concerning Brown & Brown and its business, including factors that potentially could materially affect Brown & Brown’s financial results and condition, as well as its other achievements, is contained in Brown & Brown’s filings with the Securities and Exchange Commission. Such factors include the requirement for additional resources and time to adequately respond to dynamics resulting from rapid technological change, including the increasing use of artificial intelligence and robotic processing automation; a cybersecurity attack or any other interruption in formation technology and/or data security that may impact our operations or the operations of third parties that support us; our reliance on vendors and other third parties to perform key functions of our business operations and provide services to our customers; improper disclosure of confidential information; and changes in data privacy and protection laws and regulations or any failure to comply with such laws and regulations. All forward-looking statements made herein are made only as of the date of this release, and Brown & Brown does not undertake any obligation to publicly update or correct any forward-looking statements to reflect events or circumstances that subsequently occur or of which Brown & Brown hereafter becomes aware.

For more information:

Jenny Goco
Vice President of Public Relations & Communications
(386) 333-6066
[email protected]  

Softwarová společnost ServiceNow reportovala hospodářské výsledky za druhé čtvrtletí roku 2026, ve kterém překonala odhady analytiků. Analytici uvedli, že výsledky přišly jako povzbuzení poté, co zklamaly reporty IBM a Pegasystems.

Výsledky za 2Q Výnosy meziročně vzrostly o 24 % na 3,99 mld. USD, nad odhadem 3,93 mld. USD.

Výnosy z předplatného (subscription) dosáhly 3,88 mld. USD, meziročně +25 %, nad odhadem 3,81 mld. USD. Výnosy z profesionálních služeb a ostatní činily 110 mil. USD, meziročně +7,8 %, nad odhadem 109,3 mil. USD.

Očištěný hrubý zisk dosáhl 3,11 mld. USD, meziročně +19 %, v souladu s odhadem 3,11 mld. USD. Očištěná hrubá marže činila 78 % oproti loňským 81 %, pod odhadem 79,1 %. Očištěná hrubá marže z předplatného dosáhla 80,5 % oproti loňským 83 %, pod odhadem 81,4 %.

Nesplněné výkonnostní závazky (RPO) dosáhly 29 mld. USD, z toho aktuální nesplněné výkonnostní závazky (cRPO) činily 13,2 mld. USD, nad odhadem 12,99 mld. USD.

Nesplněné výkonnostní závazky (RPO), zdroj: ServiceNow

Očištěný volný hotovostní tok vzrostl meziročně o 19 % na 634 mil. USD, mírně pod odhadem 650,9 mil. USD.

Výhled na 3Q 2026 Společnost pro třetí čtvrtletí roku 2026 očekává:

Výnosy z předplatného 3,975–3,98 mld. USD (konsensus: 4,01 mld. USD). Růst aktuálních nesplněných výkonnostních závazků (cRPO) o 19,5 %. Výhled na FY 2026 Firma pro celý rok 2026 nyní predikuje:

Výnosy z předplatného 15,76–15,78 mld. USD (dříve: 15,74–15,78 mld. USD; konsensus: 15,74 mld. USD). Očištěná hrubá marže z předplatného 81 % (dříve: 81,5 %; konsensus: 81,6 %). Komentář vedení Bill McDermott, předseda představenstva a generální ředitel ServiceNow, uvedl: „Výjimečné výsledky za 2Q upevňují naši pozici nejrychleji rostoucí velké softwarové a kybernetické bezpečnostní společnosti. Solidní fundamenty nás posouvají k Rule of 56 a jsme na dobré cestě k Rule of 60. S naší AI Control Tower jako tržním standardem se agentní nasazení ServiceNow AI za devět měsíců zvýšila devítinásobně. Našich 29 mld. USD v nesplněných výkonnostních závazcích je poháněno delšími závazky zákazníků a raketově rostoucí poptávkou z našeho partnerského ekosystému.“

Gina Mastantuono, prezidentka a finanční ředitelka ServiceNow, dodala: „Druhé čtvrtletí bylo výjimečné a odráží širokou poptávku, silnou exekuci a provozní páku. Opět jsme překonali horní hranici našeho výhledu napříč všemi ukazateli výnosů i ziskovosti. Růst čistého nového ročního smluvního objemu (ACV) z AI nadále překonává očekávání.“

Komentáře analytiků Analytici z Bloomberg Intelligence uvedli, že lepší než očekávané výsledky byly taženy jak silnější exekucí, tak růstem podílu na útratách zákazníků, přičemž tržby ServiceNow spojené s AI překročily ve čtvrtletí 1 mld. USD v ročním smluvním objemu. Podle nich výsledky ukazují, že společnost zvládá prudkou změnu v IT rozpočtech lépe než konkurenti jako IBM a Pegasystems.

Analytici z Evercore ISI označili výsledky za solidní a uvedli, že překonání odhadu u cRPO považují za poměrně „čisté“ přibližně o 200 bazických bodů, přestože část debaty se bude točit kolem toho, kolik ze síly 2Q bylo přesunuto z 3Q díky federální a on-premise aktivitě.

Analytici z Barclays (doporučení overweight, cílová cena 134 USD) označili 2Q za velmi solidní čtvrtletí a uvedli, že silné výsledky ServiceNow po smíšených reportech IBM a Pegasystems pomáhají uklidnit obavy investorů z širšího dopadu na softwarový sektor.

Analytici z RBC Capital Markets (doporučení outperform, cílová cena 130 USD) uvedli, že ServiceNow dodal navzdory negativním očekáváním investorů velmi dobré čtvrtletí,  s výrazněně zrychlujícím se růstem cRPO, přičemž výhled na 3Q by mohl znamenat další čtvrtletí zrychlení.

Akcie ServiceNow Akcie ServiceNow (NOW) v předburzovní fázi obchodování rostou o 8,42 % na 103,50 USD.

Michal Šnobl, Fio banka, a.s.

Primoris Services Corporation Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - PRIM PR N

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Posted by Defense World Staff on Jul 23rd, 2026

KB Home (NYSE:KBH – Get Free Report)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $55.72 and traded as high as $56.82. KB Home shares last traded at $56.3710, with a volume of 1,103,333 shares changing hands.

Analyst Upgrades and Downgrades A number of equities research analysts recently issued reports on KBH shares. Weiss Ratings upgraded shares of KB Home from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, July 13th. Citizens Jmp restated a “market outperform” rating and issued a $77.00 price target on shares of KB Home in a research report on Wednesday, June 24th. Wall Street Zen raised shares of KB Home from a “sell” rating to a “hold” rating in a research note on Saturday, June 27th. UBS Group raised their price objective on shares of KB Home from $63.00 to $66.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $53.00 target price on shares of KB Home in a research note on Wednesday, June 24th. Four research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $60.17.

Get Our Latest Report on KB Home

KB Home Stock Performance The company’s 50-day moving average is $53.91 and its 200-day moving average is $55.72. The firm has a market cap of $3.46 billion, a price-to-earnings ratio of 19.64, a P/E/G ratio of 9.15 and a beta of 1.34.

KB Home (NYSE:KBH – Get Free Report) last posted its quarterly earnings data on Tuesday, June 23rd. The construction company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.01). KB Home had a net margin of 4.94% and a return on equity of 7.67%. The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the previous year, the business posted $1.50 EPS. The company’s revenue was down 27.3% compared to the same quarter last year. On average, analysts predict that KB Home will post 3.3 EPS for the current year.

KB Home Dividend Announcement The business also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Thursday, August 6th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, August 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.8%. KB Home’s dividend payout ratio (DPR) is currently 34.84%.

Institutional Inflows and Outflows Several institutional investors have recently bought and sold shares of KBH. Bessemer Group Inc. boosted its position in KB Home by 80.0% in the 1st quarter. Bessemer Group Inc. now owns 495 shares of the construction company’s stock valued at $26,000 after buying an additional 220 shares during the last quarter. Eastern Bank bought a new stake in shares of KB Home during the second quarter worth $26,000. First Horizon Corp lifted its stake in shares of KB Home by 178.9% during the fourth quarter. First Horizon Corp now owns 502 shares of the construction company’s stock valued at $28,000 after acquiring an additional 322 shares during the period. Parkside Financial Bank & Trust lifted its stake in shares of KB Home by 73.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 592 shares of the construction company’s stock valued at $33,000 after acquiring an additional 250 shares during the period. Finally, Fulcrum Asset Management LLP bought a new position in KB Home in the third quarter valued at about $36,000. Institutional investors own 96.09% of the company’s stock.

KB Home Company Profile (Get Free Report)

KB Home is an American homebuilding company headquartered in Los Angeles, California. Founded in 1957, it was among the first homebuilders to go public, offering investors access to one of the nation’s largest residential construction platforms. The company is structured to serve a broad spectrum of homebuyers, with a particular focus on first-time, first move-up and active adult segments. As a public company trading on the New York Stock Exchange under the symbol KBH, KB Home draws on decades of experience in land acquisition, construction and community planning.

At its core, KB Home designs and constructs single-family detached and attached homes, townhomes and condominium units.

Read More Five stocks we like better than KB Home Could Truth API Become Trump Media’s First Meaningful Revenue Driver? Small Caps Are Crushing the S&P 500—3 Stocks Still Worth Buying Moog Is More Than a Missile Maker, and Wall Street Is Noticing A Boring Dividend Growth Strategy Becomes a Solid Defensive Play Receive News & Ratings for KB Home Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KB Home and related companies with MarketBeat.com's FREE daily email newsletter.

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EDINBURGH, Scotland--(BUSINESS WIRE)--Cirrus Logic (Nasdaq: CRUS), a leader in high-performance, low-power audio and mixed-signal semiconductor solutions, today announced it has received a research and development grant from Scottish Enterprise to support the development of next-generation smart energy technology and expand advanced engineering activities in Scotland. The funding supports development of a new metrology analogue front-end (AFE) platform that delivers high-accuracy energy measure.

Posted by Defense World Staff on Jul 23rd, 2026

WillScot (NASDAQ:WSC – Get Free Report) is projected to issue its Q2 2026 results after the market closes on Thursday, July 30th. Analysts expect WillScot to announce earnings of $0.24 per share and revenue of $585.3310 million for the quarter. Parties can check the company’s upcoming Q2 2026 earning overview page for the latest details on the call scheduled for Thursday, July 30, 2026 at 5:30 PM ET.

WillScot (NASDAQ:WSC – Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.05. The business had revenue of $548.63 million during the quarter, compared to analysts’ expectations of $518.17 million. WillScot had a positive return on equity of 20.65% and a negative net margin of 2.99%.The company’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.26 EPS. On average, analysts expect WillScot to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

WillScot Stock Down 0.6% WillScot stock opened at $26.37 on Thursday. The firm has a market cap of $4.77 billion, a price-to-earnings ratio of -69.39, a price-to-earnings-growth ratio of 1.58 and a beta of 1.32. WillScot has a 52 week low of $14.91 and a 52 week high of $31.88. The business’s 50-day moving average price is $26.62 and its 200 day moving average price is $22.81. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 4.00.

WillScot Dividend Announcement The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Wednesday, June 3rd were given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.1%. The ex-dividend date was Wednesday, June 3rd. WillScot’s dividend payout ratio is currently -73.68%.

Insider Buying and Selling In other WillScot news, Director Bradley Lee Soultz sold 4,317 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $25.92, for a total value of $111,896.64. Following the sale, the director directly owned 414,059 shares of the company’s stock, valued at approximately $10,732,409.28. This trade represents a 1.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 155,781 shares of company stock valued at $4,205,113 over the last quarter. 3.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows A number of hedge funds and other institutional investors have recently made changes to their positions in WSC. Turtle Creek Asset Management Inc. increased its holdings in WillScot by 71.7% in the 3rd quarter. Turtle Creek Asset Management Inc. now owns 8,730,347 shares of the company’s stock worth $184,298,000 after acquiring an additional 3,645,350 shares in the last quarter. State Street Corp lifted its holdings in WillScot by 1.4% during the fourth quarter. State Street Corp now owns 5,774,998 shares of the company’s stock valued at $108,743,000 after purchasing an additional 80,713 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its position in shares of WillScot by 334.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,522,450 shares of the company’s stock valued at $103,988,000 after purchasing an additional 4,250,951 shares during the period. Coliseum Capital Management LLC grew its position in shares of WillScot by 70.7% in the fourth quarter. Coliseum Capital Management LLC now owns 5,111,602 shares of the company’s stock valued at $96,251,000 after purchasing an additional 2,117,247 shares during the period. Finally, Primecap Management Co. CA grew its position in shares of WillScot by 210.9% in the fourth quarter. Primecap Management Co. CA now owns 4,267,400 shares of the company’s stock valued at $80,355,000 after purchasing an additional 2,894,900 shares during the period. Hedge funds and other institutional investors own 95.81% of the company’s stock.

Wall Street Analysts Forecast Growth WSC has been the subject of several recent research reports. Wall Street Zen raised shares of WillScot from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings reissued a “sell (d)” rating on shares of WillScot in a report on Wednesday, May 20th. Oppenheimer restated an “outperform” rating and set a $29.00 price target on shares of WillScot in a research report on Friday, May 8th. Barclays raised their price target on shares of WillScot from $22.00 to $24.00 and gave the company an “equal weight” rating in a research report on Friday, May 15th. Finally, Robert W. Baird set a $26.00 price objective on shares of WillScot in a report on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, WillScot has a consensus rating of “Hold” and an average price target of $26.25.

Check Out Our Latest Stock Analysis on WillScot

About WillScot (Get Free Report)

WillScot (NASDAQ: WSC) is a leading North American provider of modular space and portable storage solutions. The company designs, manufactures, leases and sells temporary and permanent modular buildings to serve sectors such as education, healthcare, construction, industrial and government. Its modular space offerings range from single‐unit office trailers and classrooms to complex multi‐unit configurations tailored to diverse project requirements.

In addition to modular structures, WillScot offers a broad portfolio of portable storage containers and related services, including site logistics, customization, delivery and installation.

Featured Articles Five stocks we like better than WillScot Could Truth API Become Trump Media’s First Meaningful Revenue Driver? Small Caps Are Crushing the S&P 500—3 Stocks Still Worth Buying Moog Is More Than a Missile Maker, and Wall Street Is Noticing A Boring Dividend Growth Strategy Becomes a Solid Defensive Play

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Goosehead Insurance, Inc. (GSHD) Q2 2026 Earnings Call July 22, 2026 4:30 PM EDT

Company Participants

Maddie Middleton - Senior Director of Investor Relations
Mark Miller - CEO & Director
Mark Jones Jr. - President & COO
John Martin - Chief Financial Officer
Mark Jones
Mark Jones Sr.

Conference Call Participants

Thomas Mcjoynt-Griffith - Keefe, Bruyette, & Woods, Inc., Research Division
Andrew Andersen - Jefferies LLC, Research Division
Jon Paul Newsome - Piper Sandler & Co., Research Division
Brian Meredith - UBS Investment Bank, Research Division
Charles Lederer - BMO Capital Markets Equity Research
Andrew Kligerman - TD Cowen, Research Division
Mark Hughes - Truist Securities, Inc., Research Division
Rowland Mayor - RBC Capital Markets, Research Division
Ryan Tunis - Cantor Fitzgerald & Co., Research Division
Katie Sakys - Autonomous Research US LP

Presentation

Operator

Good day and thank you for standing by. Welcome to the Goosehead Insurance Second Quarter 2026 Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded.

I would now like to turn the conference over to your speaker for today, Maddie Middleton, Senior Director of Investor Relations. Please go ahead.

Maddie Middleton
Senior Director of Investor Relations

Thank you and good afternoon. Before we begin our formal remarks, I need to remind everyone that part of our discussion today may include forward-looking statements which are based on expectations, estimates, and projections of management as of today. Forward-looking statements in our discussions are subject to various assumptions, risks, and uncertainties that are difficult to predict and which could cause actual results to differ materially from those expressed or implied in the forward-looking statements.

These statements are not guarantees of future performance and therefore undue reliance should not be placed on them. We refer you all to our recent SEC filings for a more detailed discussion of risks and uncertainties that could impact future operating results

Everyone agrees that there's a housing shortage in the U.S, though estimates of the gap vary widely.

Realtor.com put the housing gap at over four million homes, while JPMorgan Chase says it's probably closer to 1.2 million homes.

Either way, well over a million new homes are needed to match demand.

Home prices are also at an all-time high. The National Association of Realtors puts the median price at $440,600. That's about five times the median household income.

Housing experts believe many steps are needed to make housing more available and affordable, including raising incomes, helping buyers finance home purchases, and removing red tape and overregulation to make it easier to build new homes.

But there's one more solution that is quickly gaining traction, and it's one investors should be aware of -- manufactured housing.

With an ongoing housing shortage across the U.S., many experts see factory-built homes as a major part of the solution, especially when the average manufactured home goes for about $120,000, a price that makes these homes much more affordable for middle- and low-income consumers who would otherwise struggle to afford a site-built home.

Image source: Getty Images.

New legislation will boost manufactured housing Congress recently passed bipartisan housing legislation, the ROAD to Housing Act, which streamlines regulations to make it easier to build new homes and increase housing supply.

Part of the act addresses manufactured housing directly, eliminating long-standing barriers that have driven up the cost of these homes, allowing the creation of multi-story homes, and changing zoning laws to integrate them into existing single-family neighborhoods.

I believe the legislation will benefit two specific types of companies: those that make manufactured and modular homes, including Legacy Housing (LEGH -1.06%) and Champion Homes (SKY -0.58%), and manufactured housing real estate investment trusts (REITs) such as Sun Communities (SUI +0.52%) and Equity LifeStyle Properties (ELS +0.89%).

Legacy Housing builds, sells, and finances both manufactured homes and tiny houses in the U.S. Meanwhile, Champion Homes builds manufactured and modular homes as well as modular buildings for multi-family, hospitality, and senior housing.

Today's Change

(

-1.06

%) $

-0.28

Current Price

$

26.10

Sun Communities has a portfolio of 513 manufactured home communities in the U.S., Canada, and the United Kingdom. And Equity LifeStyle Properties' portfolio consists of 453 properties in the U.S and Canada.

Globally, the manufactured housing market was valued at around $36 billion in 2025 and is growing by 4% a year, expected to reach about $50 billion by 2034.

Given the persistent housing crisis in the U.S., with both undersupply and low affordability, and recognizing that manufactured housing can be a major part of the solution, these housing companies are definitely worth a look.

Posted by Defense World Staff on Jul 23rd, 2026

Shake Shack, Inc. (NYSE:SHAK – Get Free Report) has been given a consensus rating of “Hold” by the twenty-seven research firms that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and fifteen have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $89.3913.

Several research firms have recently commented on SHAK. Zacks Research lowered shares of Shake Shack from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 7th. Mizuho set a $100.00 price objective on Shake Shack in a research report on Friday, May 8th. BNP Paribas Exane lowered their target price on Shake Shack from $100.00 to $77.00 and set an “outperform” rating on the stock in a research report on Thursday, June 4th. BTIG Research reissued a “neutral” rating on shares of Shake Shack in a research note on Wednesday, May 20th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Shake Shack in a report on Friday, May 8th.

View Our Latest Stock Report on Shake Shack

Insider Transactions at Shake Shack In other news, Director Josh Silverman bought 8,290 shares of the business’s stock in a transaction on Friday, May 15th. The stock was purchased at an average cost of $60.38 per share, for a total transaction of $500,550.20. Following the completion of the transaction, the director directly owned 8,290 shares of the company’s stock, valued at approximately $500,550.20. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert Lynch bought 5,000 shares of the business’s stock in a transaction on Friday, May 15th. The stock was purchased at an average price of $60.39 per share, with a total value of $301,950.00. Following the completion of the transaction, the chief executive officer directly owned 77,845 shares of the company’s stock, valued at $4,701,059.55. This trade represents a 6.86% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 50,616 shares of company stock worth $3,109,782 over the last ninety days. Insiders own 8.32% of the company’s stock.

Institutional Trading of Shake Shack Hedge funds and other institutional investors have recently modified their holdings of the company. Swedbank AB acquired a new stake in shares of Shake Shack in the fourth quarter valued at $84,092,000. Adage Capital Partners GP L.L.C. acquired a new position in Shake Shack during the fourth quarter worth about $40,829,000. Wellington Management Group LLP grew its holdings in Shake Shack by 21.0% during the third quarter. Wellington Management Group LLP now owns 2,590,911 shares of the company’s stock worth $242,535,000 after acquiring an additional 450,406 shares during the period. Marshall Wace LLP raised its position in Shake Shack by 285.2% in the third quarter. Marshall Wace LLP now owns 586,999 shares of the company’s stock worth $54,949,000 after acquiring an additional 434,625 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in Shake Shack in the fourth quarter worth about $20,455,000. Institutional investors own 86.07% of the company’s stock.

Shake Shack Trading Down 0.9% NYSE:SHAK opened at $55.92 on Thursday. The firm has a market capitalization of $2.39 billion, a P/E ratio of 57.06, a P/E/G ratio of 4.36 and a beta of 1.63. The business has a 50 day simple moving average of $58.17 and a 200 day simple moving average of $80.32. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.69 and a quick ratio of 1.66. Shake Shack has a 12-month low of $51.60 and a 12-month high of $142.20.

Shake Shack Company Profile (Get Free Report)

Shake Shack, Inc (NYSE: SHAK) is a publicly traded hospitality company known for its modern take on the classic American roadside burger stand. The company operates a chain of quick-casual restaurants offering premium hamburgers, hot dogs, crinkle-cut fries, frozen custard, milkshakes and a curated selection of beer and wine. Shake Shack emphasizes high-quality ingredients, including 100% all-natural Angus beef with no hormones or antibiotics, and works with local suppliers where possible to maintain its commitment to fresh, responsibly sourced food.

Shake Shack traces its origins to a hot dog cart opened in New York City’s Madison Square Park in 2001 by Danny Meyer’s Union Square Hospitality Group.

See Also Five stocks we like better than Shake Shack Could Truth API Become Trump Media’s First Meaningful Revenue Driver? Small Caps Are Crushing the S&P 500—3 Stocks Still Worth Buying Moog Is More Than a Missile Maker, and Wall Street Is Noticing A Boring Dividend Growth Strategy Becomes a Solid Defensive Play

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Posted by Defense World Staff on Jul 23rd, 2026

Installed Building Products, Inc. (NYSE:IBP – Get Free Report) has been given a consensus rating of “Hold” by the fifteen analysts that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $247.6667.

Several equities research analysts recently weighed in on IBP shares. Stephens dropped their price target on Installed Building Products from $300.00 to $240.00 and set an “equal weight” rating on the stock in a research report on Friday, May 8th. JPMorgan Chase & Co. reduced their price target on Installed Building Products from $284.00 to $195.00 and set an “underweight” rating on the stock in a research note on Wednesday, May 13th. Wells Fargo & Company decreased their price objective on Installed Building Products from $285.00 to $250.00 and set an “equal weight” rating for the company in a report on Friday, May 8th. Wall Street Zen lowered Installed Building Products from a “buy” rating to a “hold” rating in a research report on Sunday, March 29th. Finally, Truist Financial dropped their target price on shares of Installed Building Products from $250.00 to $200.00 and set a “hold” rating on the stock in a report on Friday, May 8th.

Get Our Latest Stock Report on IBP

Insider Buying and Selling at Installed Building Products In other Installed Building Products news, COO Brad A. Wheeler bought 716 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was acquired at an average price of $209.13 per share, with a total value of $149,737.08. Following the completion of the purchase, the chief operating officer owned 14,988 shares of the company’s stock, valued at approximately $3,134,440.44. This trade represents a 5.02% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Michael Thomas Miller bought 990 shares of the firm’s stock in a transaction on Thursday, June 11th. The shares were acquired at an average cost of $200.62 per share, with a total value of $198,613.80. Following the purchase, the chief financial officer directly owned 34,209 shares of the company’s stock, valued at approximately $6,863,009.58. This represents a 2.98% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders acquired 5,036 shares of company stock worth $1,042,807. Insiders own 13.80% of the company’s stock.

Institutional Trading of Installed Building Products Several hedge funds and other institutional investors have recently made changes to their positions in the stock. MGO One Seven LLC grew its holdings in shares of Installed Building Products by 3.1% during the fourth quarter. MGO One Seven LLC now owns 1,133 shares of the construction company’s stock valued at $294,000 after buying an additional 34 shares during the last quarter. Legacy Wealth Asset Management LLC increased its position in shares of Installed Building Products by 2.6% during the fourth quarter. Legacy Wealth Asset Management LLC now owns 1,396 shares of the construction company’s stock valued at $362,000 after acquiring an additional 35 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in Installed Building Products by 2.0% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 1,819 shares of the construction company’s stock worth $472,000 after acquiring an additional 35 shares during the last quarter. Maryland State Retirement & Pension System raised its holdings in Installed Building Products by 1.1% in the 4th quarter. Maryland State Retirement & Pension System now owns 3,315 shares of the construction company’s stock worth $860,000 after acquiring an additional 35 shares during the last quarter. Finally, Abel Hall LLC lifted its position in Installed Building Products by 2.8% in the 1st quarter. Abel Hall LLC now owns 1,289 shares of the construction company’s stock valued at $342,000 after acquiring an additional 35 shares in the last quarter. Hedge funds and other institutional investors own 99.61% of the company’s stock.

Installed Building Products Price Performance IBP stock opened at $224.91 on Thursday. The company has a debt-to-equity ratio of 1.56, a current ratio of 3.35 and a quick ratio of 2.76. Installed Building Products has a 1 year low of $193.11 and a 1 year high of $349.00. The firm has a 50-day moving average of $216.32 and a 200 day moving average of $265.58. The company has a market cap of $6.06 billion, a P/E ratio of 23.98, a PEG ratio of 5.32 and a beta of 1.69.

Installed Building Products (NYSE:IBP – Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The construction company reported $1.79 earnings per share for the quarter, missing the consensus estimate of $1.96 by ($0.17). Installed Building Products had a net margin of 8.65% and a return on equity of 42.28%. The firm had revenue of $660.50 million for the quarter, compared to the consensus estimate of $668.92 million. During the same period in the previous year, the firm posted $2.08 earnings per share. The business’s revenue was down 3.5% compared to the same quarter last year. On average, sell-side analysts forecast that Installed Building Products will post 9.57 EPS for the current year.

Installed Building Products Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Monday, June 15th. Installed Building Products’s dividend payout ratio (DPR) is 16.63%.

Installed Building Products Company Profile (Get Free Report)

Installed Building Products, Inc (NYSE: IBP) is a leading national installer of specialty building products serving the U.S. residential construction market. The company partners with homebuilders and contractors to deliver a comprehensive range of interior and exterior finishing services, including insulation, drywall finishing, protective coatings and basement waterproofing systems. By offering a single-source solution, Installed Building Products helps streamline project coordination and ensures consistent service quality across multiple trades.

Founded in 1977 and headquartered in Columbus, Ohio, Installed Building Products has expanded from a regional insulation installer into a nationwide platform operating in nearly every state.

See Also Five stocks we like better than Installed Building Products Could Truth API Become Trump Media’s First Meaningful Revenue Driver? Small Caps Are Crushing the S&P 500—3 Stocks Still Worth Buying Moog Is More Than a Missile Maker, and Wall Street Is Noticing A Boring Dividend Growth Strategy Becomes a Solid Defensive Play

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Posted by Defense World Staff on Jul 23rd, 2026

Bright Horizons Family Solutions (NYSE:BFAM – Get Free Report) is anticipated to issue its Q2 2026 results after the market closes on Thursday, July 30th. Analysts expect the company to announce earnings of $1.21 per share and revenue of $774.8350 million for the quarter. Bright Horizons Family Solutions has set its FY 2026 guidance at 4.900-5.100 EPS. Investors are encouraged to explore the company’s upcoming Q2 2026 earning report for the latest details on the call scheduled for Thursday, July 30, 2026 at 5:00 PM ET.

Bright Horizons Family Solutions (NYSE:BFAM – Get Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.79 by $0.03. The business had revenue of $712.22 million for the quarter, compared to the consensus estimate of $713.35 million. Bright Horizons Family Solutions had a return on equity of 18.01% and a net margin of 6.35%.The firm’s revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.77 EPS. On average, analysts expect Bright Horizons Family Solutions to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Bright Horizons Family Solutions Stock Performance BFAM stock opened at $72.16 on Thursday. Bright Horizons Family Solutions has a 1-year low of $57.63 and a 1-year high of $130.76. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.78. The firm has a market cap of $3.80 billion, a PE ratio of 21.74, a P/E/G ratio of 1.28 and a beta of 1.15. The business’s 50-day moving average price is $68.32 and its two-hundred day moving average price is $77.72.

Institutional Trading of Bright Horizons Family Solutions Several hedge funds and other institutional investors have recently modified their holdings of the company. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Bright Horizons Family Solutions during the fourth quarter worth about $191,952,000. Janus Henderson Group PLC raised its position in Bright Horizons Family Solutions by 2,536.7% in the 4th quarter. Janus Henderson Group PLC now owns 656,173 shares of the company’s stock valued at $66,535,000 after buying an additional 631,287 shares during the last quarter. AQR Capital Management LLC lifted its stake in Bright Horizons Family Solutions by 64.4% in the 4th quarter. AQR Capital Management LLC now owns 1,579,757 shares of the company’s stock valued at $160,124,000 after acquiring an additional 619,067 shares in the last quarter. Two Sigma Investments LP lifted its stake in Bright Horizons Family Solutions by 358.5% in the 3rd quarter. Two Sigma Investments LP now owns 494,382 shares of the company’s stock valued at $53,675,000 after acquiring an additional 386,558 shares in the last quarter. Finally, Voloridge Investment Management LLC boosted its position in Bright Horizons Family Solutions by 1,638.6% during the 3rd quarter. Voloridge Investment Management LLC now owns 395,272 shares of the company’s stock worth $42,915,000 after acquiring an additional 372,537 shares during the last quarter.

Analyst Ratings Changes A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. dropped their price target on Bright Horizons Family Solutions from $115.00 to $105.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Weiss Ratings lowered Bright Horizons Family Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 1st. Finally, UBS Group lowered their target price on Bright Horizons Family Solutions from $88.00 to $87.00 and set a “neutral” rating for the company in a research note on Friday, July 17th. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $96.00.

View Our Latest Stock Report on Bright Horizons Family Solutions

About Bright Horizons Family Solutions (Get Free Report)

Bright Horizons Family Solutions, Inc (NYSE: BFAM) is a leading provider of employer-sponsored child care and early education services, offering a range of solutions designed to support working families and organizations. Through a network of on-site, near-site and center-based programs, the company partners with corporate and nonprofit clients to deliver infant, toddler, preschool and school-age care. Services emphasize age-appropriate curriculum, developmental milestones and community engagement to ensure high-quality learning experiences.

Featured Articles Five stocks we like better than Bright Horizons Family Solutions Could Truth API Become Trump Media’s First Meaningful Revenue Driver? Small Caps Are Crushing the S&P 500—3 Stocks Still Worth Buying Moog Is More Than a Missile Maker, and Wall Street Is Noticing A Boring Dividend Growth Strategy Becomes a Solid Defensive Play

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Posted by Defense World Staff on Jul 23rd, 2026

Savers Value Village (NYSE:SVV – Get Free Report) is expected to announce its Q2 2026 results after the market closes on Thursday, July 30th. Analysts expect Savers Value Village to post earnings of $0.14 per share and revenue of $449.0040 million for the quarter. Savers Value Village has set its FY 2026 guidance at 0.450-0.530 EPS. Interested persons may visit the the company’s upcoming Q2 2026 earning summary page for the latest details on the call scheduled for Thursday, July 30, 2026 at 4:30 PM ET.

Savers Value Village (NYSE:SVV – Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.02. Savers Value Village had a return on equity of 12.47% and a net margin of 1.29%.The business had revenue of $403.19 million during the quarter, compared to the consensus estimate of $394.53 million. During the same period in the previous year, the company posted $0.02 EPS. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. On average, analysts expect Savers Value Village to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Savers Value Village Price Performance Shares of NYSE:SVV opened at $9.53 on Thursday. The company has a quick ratio of 0.59, a current ratio of 0.79 and a debt-to-equity ratio of 1.64. The stock has a market capitalization of $1.47 billion, a PE ratio of 68.07 and a beta of 1.23. The firm’s 50 day moving average price is $9.31 and its 200-day moving average price is $9.21. Savers Value Village has a twelve month low of $6.91 and a twelve month high of $13.89.

Analysts Set New Price Targets A number of analysts have commented on the stock. BTIG Research reduced their target price on shares of Savers Value Village from $18.00 to $15.00 and set a “buy” rating for the company in a report on Thursday, May 7th. Robert W. Baird dropped their price target on shares of Savers Value Village from $13.00 to $12.00 and set an “outperform” rating on the stock in a research note on Thursday, May 7th. Weiss Ratings cut shares of Savers Value Village from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, May 7th. Finally, Piper Sandler cut their price objective on shares of Savers Value Village from $12.00 to $11.00 and set a “neutral” rating for the company in a research report on Monday, May 4th. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $14.00.

Get Our Latest Stock Report on SVV

Insider Buying and Selling at Savers Value Village In related news, CEO Mark T. Walsh sold 41,600 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $10.08, for a total transaction of $419,328.00. Following the completion of the transaction, the chief executive officer directly owned 47,363 shares in the company, valued at approximately $477,419.04. The trade was a 46.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 45,000 shares of company stock worth $453,793. 3.46% of the stock is owned by insiders.

Hedge Funds Weigh In On Savers Value Village Several large investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC purchased a new stake in shares of Savers Value Village in the first quarter worth $120,000. Geode Capital Management LLC lifted its stake in shares of Savers Value Village by 5.6% during the 2nd quarter. Geode Capital Management LLC now owns 590,637 shares of the company’s stock valued at $6,025,000 after buying an additional 31,305 shares in the last quarter. Rhumbline Advisers boosted its holdings in Savers Value Village by 29.2% in the 2nd quarter. Rhumbline Advisers now owns 41,623 shares of the company’s stock worth $425,000 after buying an additional 9,410 shares during the period. American Century Companies Inc. boosted its holdings in Savers Value Village by 42.3% in the 2nd quarter. American Century Companies Inc. now owns 42,256 shares of the company’s stock worth $431,000 after buying an additional 12,560 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in Savers Value Village by 2,266.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 39,163 shares of the company’s stock worth $399,000 after buying an additional 37,508 shares in the last quarter. Hedge funds and other institutional investors own 98.78% of the company’s stock.

About Savers Value Village (Get Free Report)

Savers Value Village, Inc (NYSE: SVV) is a publicly traded thrift retailer that operates a network of donation-based retail stores. Headquartered in Bellevue, Washington, the company specializes in selling second-hand apparel, footwear, household items, accessories and other pre-owned goods. Through its retail stores, SVV offers value-conscious shoppers the opportunity to purchase quality, gently used merchandise at affordable prices.

At the heart of the company’s model is a partnership network with more than 500 nonprofit organizations across North America.

Further Reading Five stocks we like better than Savers Value Village Could Truth API Become Trump Media’s First Meaningful Revenue Driver? Small Caps Are Crushing the S&P 500—3 Stocks Still Worth Buying Moog Is More Than a Missile Maker, and Wall Street Is Noticing A Boring Dividend Growth Strategy Becomes a Solid Defensive Play

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Posted by Defense World Staff on Jul 23rd, 2026

Domino’s Pizza Inc (NASDAQ:DPZ – Get Free Report) has received an average rating of “Moderate Buy” from the thirty-one research firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eighteen have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $402.1613.

Several brokerages have recently commented on DPZ. Jefferies Financial Group lowered their price target on shares of Domino’s Pizza from $400.00 to $350.00 and set a “hold” rating for the company in a research report on Tuesday, April 28th. Wells Fargo & Company boosted their price target on shares of Domino’s Pizza from $325.00 to $350.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Morgan Stanley cut their price objective on shares of Domino’s Pizza from $395.00 to $370.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Domino’s Pizza from $435.00 to $385.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Finally, Stifel Nicolaus set a $400.00 target price on shares of Domino’s Pizza in a report on Monday, April 27th.

Get Our Latest Analysis on DPZ

Key Domino’s Pizza News Here are the key news stories impacting Domino’s Pizza this week:

Positive Sentiment: Domino’s reported quarterly revenue of about $1.19 billion, topping estimates and signaling that sales momentum is holding up better than expected. Domino’s Pizza shares rise as quarterly revenue tops estimates Positive Sentiment: Analysts responded with multiple price-target updates that still imply meaningful upside, including BMO, Oppenheimer, Wells Fargo and BTIG, which supports the stock after earnings. These Analysts Revise Their Forecasts On Domino’s After Q2 Results Positive Sentiment: Some commentary highlighted strong free cash flow and attractive valuation, suggesting investors may view DPZ as inexpensive relative to its earnings power. Domino’s Pizza Delivers Strong FCF and FCF Margins – Is DPZ Stock Too Cheap? Neutral Sentiment: Domino’s launched S’mores Lava Cakes nationwide, a marketing/menu move that could help traffic but is not a major near-term earnings catalyst. Domino’s Pizza (DPZ) Launches S’mores Lava Cakes Nationwide Across The U.S. Negative Sentiment: Adjusted EPS missed consensus, and several reports said the outlook remains murky due to weaker ticket trends, promotion pressure and higher costs. Domino’s revenue beats estimates as supply-chain business offsets weak demand Negative Sentiment: CEO Russell Weiner sold 10,850 shares for about $3.6 million, which may raise some investor caution about insider sentiment. Domino’s CEO Russell Weiner Sells 10,850 Shares for $3.6 Million — Should Investors Be Worried? Insider Activity at Domino’s Pizza In related news, EVP Kelly E. Garcia sold 487 shares of Domino’s Pizza stock in a transaction on Thursday, July 9th. The stock was sold at an average price of $297.01, for a total transaction of $144,643.87. Following the completion of the sale, the executive vice president directly owned 9,352 shares of the company’s stock, valued at $2,777,637.52. The trade was a 4.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold 1,950 shares of company stock worth $611,451 over the last ninety days. 0.89% of the stock is owned by insiders.

Hedge Funds Weigh In On Domino’s Pizza Several institutional investors have recently modified their holdings of the stock. Teacher Retirement System of Texas grew its stake in Domino’s Pizza by 55.7% in the fourth quarter. Teacher Retirement System of Texas now owns 45,212 shares of the restaurant operator’s stock valued at $18,845,000 after acquiring an additional 16,179 shares during the period. Amica Mutual Insurance Co. increased its holdings in shares of Domino’s Pizza by 59.8% in the fourth quarter. Amica Mutual Insurance Co. now owns 16,576 shares of the restaurant operator’s stock worth $6,909,000 after acquiring an additional 6,203 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Domino’s Pizza by 10.2% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 67,117 shares of the restaurant operator’s stock worth $28,544,000 after acquiring an additional 6,223 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Domino’s Pizza by 21,977.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 914,672 shares of the restaurant operator’s stock worth $381,254,000 after purchasing an additional 910,529 shares during the period. Finally, Fisher Asset Management LLC lifted its holdings in shares of Domino’s Pizza by 18.0% during the 4th quarter. Fisher Asset Management LLC now owns 34,632 shares of the restaurant operator’s stock valued at $14,436,000 after purchasing an additional 5,282 shares in the last quarter. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Domino’s Pizza Stock Down 2.0% DPZ stock opened at $319.83 on Thursday. The company has a market cap of $10.58 billion, a P/E ratio of 18.14, a PEG ratio of 1.61 and a beta of 0.97. Domino’s Pizza has a twelve month low of $282.00 and a twelve month high of $486.68. The business has a fifty day moving average of $309.79 and a 200-day moving average of $356.34.

Domino’s Pizza (NASDAQ:DPZ – Get Free Report) last announced its quarterly earnings data on Monday, July 20th. The restaurant operator reported $4.07 EPS for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.10). The firm had revenue of $1.19 billion during the quarter. Domino’s Pizza had a negative return on equity of 15.15% and a net margin of 11.86%.The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period last year, the firm posted $3.81 EPS. As a group, equities research analysts anticipate that Domino’s Pizza will post 18.86 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a $1.99 dividend. This represents a $7.96 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Tuesday, September 15th. Domino’s Pizza’s dividend payout ratio (DPR) is currently 45.15%.

Domino’s Pizza Company Profile (Get Free Report)

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.

Featured Articles Five stocks we like better than Domino’s Pizza Could Truth API Become Trump Media’s First Meaningful Revenue Driver? Small Caps Are Crushing the S&P 500—3 Stocks Still Worth Buying Moog Is More Than a Missile Maker, and Wall Street Is Noticing A Boring Dividend Growth Strategy Becomes a Solid Defensive Play

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23.7.2026 11:47, TSLA

Výrobce elektromobilů Tesla zveřejnil hospodářské výsledky za druhé čtvrtletí roku 2026, ve kterém zisk na akcii zaostal za průměrným odhadem analytiků, zatímco tržby odhady překonaly. Analytici zároveň upozorňují, že může trvat déle, než se výdaje do segmentu fyzické AI (robotika, autonomní vozidla) promítnou do výnosů a zisků firmy.

Výsledky společnosti Tesla (TSLA) za 2Q 2026   2Q 2026 Konsensus 2Q 2026 2Q 2025 Tržby (mld. USD) 28,24 26,32 22,50 Čistý zisk (mld. USD) 1,11 -- 1,17 Očištěný zisk na akcii (EPS, USD/akcie) 0,33 0,51 0,40 Výsledky za 2Q Tržby meziročně vzrostly o 26 % na 28,24 mld. USD, nad odhadem 26,32 mld. USD.

Tržby z automobilového segmentu dosáhly 20,52 mld. USD, meziročně +23 %, nad odhadem 18,68 mld. USD. Tržby ze segmentu energetiky a úložišť činily 3,14 mld. USD, meziročně +13 %, pod odhadem 3,77 mld. USD. Tržby ze služeb a ostatní vzrostly o 50 % na 4,58 mld. USD, výrazně nad odhadem 3,72 mld. USD.

Hrubá marže dosáhla 16,8 % oproti loňským 17,2 %, pod odhadem 19,4 %.

Provozní zisk meziročně klesl o 57 % na 398 mil. USD, výrazně pod odhadem 1,39 mld. USD.

Volný hotovostní tok byl záporný ve výši 1,09 mld. USD oproti kladným 146 mil. USD ve stejném období loňského roku, nicméně lépe než odhadovaná záporná hodnota 3,64 mld. USD. Kapitálové výdaje vzrostly na 5,79 mld. USD z loňských 2,39 mld. USD, pod odhadem 6,59 mld. USD.

Počet aktivních předplatných FSD (Supervised) dosáhl 1,48 mil., meziročně +56 %, nad odhadem 1,40 mil.

Komentář vedení Společnost v rámci výsledků uvedla, že penetrace FSD (Supervised) ve čtvrtletí dále rostla a Tesla obdržela další schválení pro nasazení FSD v Litvě, Estonsku, Dánsku a Belgii, přičemž zákazníci v těchto zemích ujeli na FSD od července přes 50 mil. km. Firma rovněž pokračuje ve stavbě a přípravě zařízení pro polovodičovou továrnu v Austinu.

V oblasti energetiky Tesla dosáhla rekordních instalací úložišť v regionu EMEA a je na dobré cestě zahájit letos výrobu Megapacku 3 a Megablocku v nové Megafactory Texas.

V robotice společnost demontovala výrobní linky pro Modely S a X ve Fremontu a instaluje první generaci linek pro Optimus, přičemž výroba by měla začít později v tomto roce. Kapacita bateriových článků zůstává podle společnosti limitujícím faktorem pro navyšování výroby vozidel.

Komentáře analytiků Analytik Steve Man z Bloomberg Intelligence uvedl, že rostoucí výdaje Tesly do fyzické AI se mohou promítnout do smysluplných tržeb a zisků s větším zpožděním, i když vedení podle něj zachovává očekávání ohledně Cybercabu a Optimu. Dodal, že kapitálové výdaje by měly v příštích dvou až třech letech dále růst v souvislosti s rozšiřováním Cybercabu, Robotaxi, Optimu a AI infrastruktury.

Analytik Andrew Percoco z Morgan Stanley označil zrychlující se cyklus kapitálových výdajů Tesly za nezbytnou investici k zajištění vedoucí pozice v autonomii a robotice. Podle něj tyto investice dále prohlubují záporný volný hotovostní tok, což zvyšuje důraz na konkrétní milníky u Robotaxi a Optimu.

Analytik Alexander Potter z Piper Sandler uvedl, že marže za 2Q byly pod konsensem, což zatížilo akcie. Aby se Tesla vymanila ze současné situace, bude podle něj muset vyvrátit pochybnosti ohledně Optimu a Cybercabu. Dodal, že zůstává i nadále pozitivně naladěný, i když je obtížné odhadnout načasování katalyzátorů.

Akcie Tesla Akcie Tesla (TSLA) v předburzovní fázi obchodování klesají o 5,46 % na 353,58 USD.

Akcie Tesla Inc (TSLA) před výsledky uzavřely na 374,01 USD Ukazatel   Ukazatel   Kapitalizace (mld. USD) 1404,7 P/E 374,2 Vývoj za letošní rok (%) -16,8 Očekávané P/E 200,1 52týdenní minimum (USD) 297,8 Prům. cílová cena (USD) 416,5 52týdenní maximum (USD) 498,8 Dividendový výnos (%) -- Zdroj: Tesla, Bloomberg

Michal Šnobl, Fio banka, a.s.