TORONTO, ON / ACCESS Newswire / June 23, 2026 / Fox River Resources Corporation (CSE:FOX) ("Fox River" or the "Company") is pleased to announce that, at its special meeting (the "Meeting") of the holders ("Shareholders") of common shares of the Company (the "Common Shares") and the holders ("Optionholders" and, together with the Shareholders, the "Securityholders") of options to purchase Common Shares (the "Options") held earlier today, the Securityholders approved a special resolution (the "Arrangement Resolution") approving the previously announced plan of arrangement, as amended in accordance with the interim order of the Ontario Superior Court of Justice (Commercial List), as amended (the "Arrangement"), pursuant to which Avenir Minerals Limited ("Avenir") will acquire all of the issued and outstanding Common Shares (other than Common Shares held by Avenir or any of its affiliates) for cash consideration of $1.10 for each Common Share held.
Voting Results
The Arrangement Resolution was required to be approved by an affirmative vote of at least: (i) two-thirds (66⅔%) of the votes cast on the Arrangement Resolution by Shareholders and Optionholders, voting as a single class with one vote for each Common Share and Option held; and (ii) a simple majority of the votes cast on the Arrangement Resolution by Shareholders, excluding any votes cast in respect of any Common Shares by any person required to be excluded in accordance with Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101").
The following is a summary of the votes cast on the Arrangement Resolution:
Votes For
% of Votes Cast
All Shareholders and Optionholders
62,658,295
97.819%
All Shareholders except those required to be excluded under MI 61-101
48,392,707
97.194%
Final Order and Anticipated Closing Date
Fox River will seek a final order of the Ontario Superior Court of Justice (Commercial List) (the "Final Order") approving the Arrangement. The hearing of the application for the Final Order is expected to take place on or about June 24, 2026. Subject to receipt of the Final Order and the satisfaction or waiver of certain other conditions to closing of the Arrangement as set out in the arrangement agreement dated May 4, 2026 between Fox River and Avenir (the "Arrangement Agreement"), the Arrangement is anticipated to be completed on July 2, 2026.
Further information regarding the Arrangement is provided in Fox River's management information circular dated May 21, 2026 and the Company's news releases dated June 12, 2026 and June 17, 2026, copies of which are available on SEDAR+ under Fox River's issuer profile at www.sedarplus.ca and on Fox River's website at www.fox-river.ca.
About Fox River Resources
Fox River holds a 100% interest in the Martison Phosphate Project near Hearst, Ontario. Planned as a vertically integrated operation, the project harnesses a high-grade, large-scale igneous phosphate deposit - capable of providing secure domestic supplies of phosphate fertilizers as well as PPA for the LFP battery industry. The project's Anomaly A deposit underpins a positive preliminary economic assessment with an effective date of April 21, 2022. More information is available at www.fox-river.ca or via Fox River's SEDAR+ profile.
On behalf of Fox River Resources Corporation
Stephen D. Case, President, Chief Executive Officer and Director
Website: www.fox-river.ca
For more information, please contact:
Stephen D. Case
President, Chief Executive Officer and Director
Fox River Resources Corporation
141 Adelaide Street West, Suite 301
Toronto, Ontario M5H 3L5
Email: [email protected] | Website: www.fox-river.ca
Certain of the statements and information in this news release constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian provincial securities laws. Forward-looking statements and information can be identified by statements that certain actions, events or results "could", "may", "should", "will" or "would" be taken, occur or achieved. All statements, other than statements of historical fact, are forward-looking statements or information. Forward-looking statements or information in this news release relate to, among other things: the anticipated effects of the Arrangement; Fox River's application for the Final Order; the anticipated timing of the hearing for the Final Order; receipt of the Final Order; the satisfaction or waiver of certain other conditions to closing of the Arrangement as set out in the Arrangement Agreement; and the anticipated timing of the closing of the Arrangement.
The forward-looking statements and information contained in this news release reflect Fox River's current views with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable by Fox River, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies.
Fox River cautions the reader that forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements or information contained in this news release and Fox River has made assumptions and estimates based on or related to many of these factors. In addition, in connection with the forward-looking statements contained in this press release, Fox River has made certain assumptions, including the ability of the parties to receive, in a timely manner and on satisfactory terms, the necessary court approvals; the ability of the parties to satisfy, in a timely manner, the other conditions for the completion of the Arrangement, and other expectations and assumptions concerning the proposed Arrangement. The anticipated dates indicated may change for a number of reasons, including the necessary court approvals, or the necessity to extend the time limits for satisfying the other conditions for the completion of the proposed Arrangement. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking financial information and statements are the following: the failure of the parties to obtain the necessary court approvals or to otherwise satisfy the conditions for the completion of the Arrangement; failure of the parties to obtain such approvals or satisfy such conditions in a timely manner; significant transaction costs or unknown liabilities; the failure to realize the expected benefits of the Arrangement; the effect of the announcement of the Arrangement on the ability of Fox River to retain and hire key personnel and maintain business relationships; the market price of the Common Shares and business generally; potential legal proceedings relating to the Arrangement and the outcome of any such legal proceeding; the inherent risks, costs and uncertainties associated with transitioning the business successfully and risks of not achieving all or any of the anticipated benefits of the Arrangement, or the risk that the anticipated benefits of the Arrangement may not be fully realized or take longer to realize than expected; the occurrence of any event, change or other circumstances that could give rise to the termination of the Arrangement Agreement and general economic conditions. Failure to obtain the necessary court approvals, or the failure of the parties to otherwise satisfy the conditions for the completion of the Arrangement, may result in the Arrangement not being completed on the proposed terms or at all. In addition, if the Arrangement is not completed, and Fox River continues as an independent entity, there are risks that the announcement of the Arrangement and the dedication of substantial resources by Fox River to the completion of the Arrangement could have an impact on its business and strategic relationships, including with future and prospective employees, customers, suppliers and partners, operating results and activities in general, and could have a material adverse effect on its current and future operations, financial condition and prospects. Additional risks, uncertainties and other factors are identified in Fox River's management information circular dated May 21, 2026 and Fox River's most recent management's discussion and analysis, each of which has been filed with the Canadian provincial securities regulatory authorities, as applicable.
Although Fox River has attempted to identify important factors that could cause actual results to differ materially from those set out or implied by the forward-looking statements and information, this list is not exhaustive and there may be other factors that cause results not to be as anticipated, estimated, described or intended. Investors should use caution when considering, and should not place undue reliance on any, forward-looking statements and information. Forward-looking statements and information are designed to help readers understand Fox River's current views in respect of the Arrangement and related matters and may not be appropriate for other purposes. Fox River does not intend, nor does it assume any obligation to update or revise forward-looking statements or information, whether as a result of new information, changes in assumptions, future events or otherwise, except to the extent required by law.
This news release does not constitute (and may not be construed to be) a solicitation or offer by Fox River or any of its respective directors, officers, employees, representatives or agents to buy or sell any securities of any person in any jurisdiction, or a solicitation of a proxy of any securityholder of any person in any jurisdiction, in each case, within the meaning of applicable laws.
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
Middleby schválila vyčlenění divize Food Processing do samostatné společnosti Midera Food Processing. Akcionáři dostanou 1 akcii Midera za každou akcii Middleby.
ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) today announced that its Board of Directors (the “Board”) has formally approved the previously announced spin-off of its Food Processing business, Midera Food Processing, Inc. (“Midera”).
To execute the spin-off, Middleby will distribute all of the issued and outstanding shares of Midera common stock pro rata to Middleby stockholders of record on June 26, 2026 (the “Record Date”). The Board expects the distribution to occur at 12:01 a.m. Eastern Time on July 6, 2026 (the “Distribution Date”), on the basis of a distribution ratio of one share of Midera common stock for every one share of Middleby common stock held as of 4:00 p.m. Central Time on the Record Date.
“Midera is entering an exciting new chapter as a pure-play food processing technology leader,” said Mark Salman, incoming Chief Executive Officer of Midera. “We have deep customer relationships, leading brands across protein, bakery, and snack processing, and a proven innovation engine that delivers real solutions. As an independent company, we’ll have the strategic focus and financial flexibility to accelerate our approach to delivering complete solutions that help food producers efficiently scale their operations. Our unique position in the market comes from our ability to integrate equipment, automation, and service into total line solutions as we seek to deliver the lowest total cost of ownership for our customers. We’re excited to capitalize on the significant growth opportunities ahead and create substantial shareholder value.”
“This separation represents the culmination of years of strategic planning and portfolio optimization,” said Tim FitzGerald, Chief Executive Officer of Middleby. “Both Middleby and Midera are well positioned to accelerate growth as independent companies, each with the strategic focus to pursue distinct opportunities in their respective markets. Middleby will continue driving innovation in commercial foodservice, from our beverage platform to our connected kitchen solutions and across all of our product categories. Midera enters the market as a leader in food processing automation with strong momentum. We’re confident this focused approach will drive significant value creation for our shareholders.”
Completion of the spin-off is conditioned upon the satisfaction or waiver of certain conditions, as set forth in the form of Separation and Distribution Agreement filed with the U.S. Securities and Exchange Commission (the “SEC”) as part of Midera’s registration statement on Form 10, which was declared effective by the SEC on June 17, 2026.
The spin-off is expected to be tax-free to Middleby stockholders for U.S. federal income tax purposes.
When-Issued Trading Market
Middleby anticipates that Midera common stock will begin trading on The Nasdaq Stock Market LLC (“Nasdaq”) under the ticker symbol “MFPVV” on a “when-issued” basis on or about June 26, 2026 and continuing through the Distribution Date. Midera common stock is expected to begin “regular-way” trading on Nasdaq under the ticker symbol “MFP” on July 7, 2026.
Shares of Middleby common stock are expected to continue to trade “regular-way” on Nasdaq under the current ticker symbol “MIDD” from the Record Date through the Distribution Date. However, beginning on June 26, 2026 and continuing through the Distribution Date, it is expected that there will be two markets in Middleby common stock on Nasdaq: a “regular-way” market under Middleby’s current ticker symbol “MIDD,” in which Middleby shares will trade with the right to receive shares of Midera common stock on the Distribution Date, and an “ex distribution” market under the ticker symbol “MIDDV”, in which Middleby shares will trade without the right to receive shares of Midera common stock on the Distribution Date.
Middleby stockholders are encouraged to consult their financial advisors regarding the specific implications of buying, selling or holding shares of Middleby common stock on or before the Distribution Date.
About The Middleby Corporation
The Middleby Corporation is a global leader in the foodservice industry. The company develops and manufactures a broad line of solutions used in commercial foodservice and food processing. Middleby showcases its advanced solutions in the Middleby Innovation Kitchens for commercial foodservice and industrial baking and protein Innovation Centers for food processing solutions. For more information about Middleby, please visit www.middleby.com.
About Midera Food Processing
Midera Food Processing provides food processing equipment and automation solutions for industrial protein, bakery, and snack producers, delivering total line solutions from preparation and thermal processing through packaging. With a portfolio of 30+ industry-leading brands reaching customers across six continents, Midera helps food processors produce safer, more consistent products while improving efficiency and reducing waste at scale. Headquartered in Rosemont, Illinois, the company employs approximately 2,800 people worldwide. For more information about Midera, please visit www.midera.com.
This press release contains “forward-looking statements” subject to the Private Securities Litigation Reform Act of 1995, including statements regarding The Middleby Corporation’s (“Middleby”) and Midera Food Processing, Inc.’s (“Midera” and each of Midera and Middleby, a “Company”) expectations with respect to the timing of the spin-off of Middleby’s Food Processing business into an independent, publicly traded company (the “Spin-off”) and each Company’s future performance. Each Company cautions investors that such statements are estimates and are highly dependent upon a variety of factors. These forward-looking statements involve known and unknown risks, uncertainties and other factors, which could cause each Company’s actual results, performance or outcomes to differ materially from those expressed or implied in the forward-looking statements. The following are some of the important factors that could cause each Company’s actual results, performance or outcomes to differ materially from those discussed in the forward-looking statements: changing market conditions; volatility in earnings resulting from goodwill impairment losses, which may occur irregularly and in varying amounts; variability in financing costs and interest rates; quarterly variations in operating results; dependence on key customers; risks associated with each Company’s foreign operations, including international exposure, political risks affecting international sales, market acceptance and demand for each Company’s products and each Company’s ability to manage the risk associated with the exposure to foreign currency exchange rate fluctuations; each Company’s ability to protect its trademarks, copyrights and other intellectual property; changing market conditions, including inflation; the impact of competitive products and pricing; the impact of announced management and organizational changes; intense competition in each Company’s business including the impact of both new and established global competitors; unfavorable tax law changes and tax authority rulings; cybersecurity attacks and other breaches in security; the continued ability to realize profitable growth through the sourcing and completion of strategic acquisitions; the timely development and market acceptance of each Company’s products; the availability and cost of raw materials; the possibility that the Spin-off will not be consummated within the anticipated time period or at all, including as the result of regulatory, market or other factors, including the possibility that various closing conditions for the Spin-off may not be satisfied; the potential disruption to each Company’s business in connection with the Spin-off; the potential that each Company does not realize all of the expected benefits of the Spin-off; the potential that the Spin-off may be more difficult, time consuming or costly than expected; the failure of the Spin-off to qualify for the expected tax treatment; potential adverse effects of the results of the Spin-off, including on the market price of each Company’s common stock, the ability of each Company to develop and maintain relationships with personnel, customers, suppliers and others with whom it does business or such Company’s business, financial condition, results of operations and financial performance; risks related to diversion of each Company’s management’s attention from its ongoing business operations due to the Spin-off; and other risks detailed in each Company’s SEC filings. All forward-looking statements are expressly qualified in their entirety by these cautionary statements. The forward-looking statements included in this press release are made only as of the date hereof and, except as required by federal securities laws and rules and regulations of the SEC, neither Company undertakes any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Monolithic Power Systems v 1. čtvrtletí 2026 zvýšila tržby z komunikačního segmentu o 55,5 % na 111,5 milionu USD. Růst táhne poptávka po 5G, optických sítích a optimalizaci pro AI.
Key Takeaways MPWR's communications revenues rose 55.5% year over year to $111.5 million in the first quarter of 2026.MPWR provides power-management ICs, DC-DC converters and voltage regulators for telecom systems.5G, fiber-optic networks and AI-based optimization are driving demand for MPWR's technologies. Monolithic Power Systems, Inc. (MPWR - Free Report) is strengthening its presence in the telecom semiconductor market with advanced power-management solutions for 5G infrastructure and networking equipment. In the first quarter of 2026, its communications segment generated $111.5 million in revenues, up 55.5% year over year, reflecting strong market demand.
Monolithic Power’s telecom portfolio focuses on efficient power conversion, voltage regulation and thermal management solutions for modern communication systems. Its products are used in applications such as base stations, routers, switches, optical modules and wireless communication equipment, where power efficiency and reliability are critical to maintaining network performance while reducing operating costs.
The company supplies components such as power-management ICs, DC-DC converters and voltage regulators that support compact, high-density telecom system designs. The growing adoption of 5G, fiber-optic networks and AI-based network optimization is further increasing demand for its advanced semiconductor technologies.
Monolithic Power continues to work with telecom equipment manufacturers to support next-generation telecom infrastructure. With rising investments in digital infrastructure and continued demand for energy-efficient networking systems, the company remains well-positioned for long-term growth in the telecom industry.
How Are Competitors Performing in the Telecom Industry?Monolithic Power faces stiff competition from Analog Devices, Inc. (ADI - Free Report) and Microchip Technology Incorporated (MCHP - Free Report) . Analog Devices is expanding in the telecom industry with semiconductor solutions for 5G networks, wireless communication and data infrastructure. ADI’s technology helps improve network speed, efficiency and overall communication performance.
Microchip supports the telecom industry with microcontrollers, timing devices and connectivity solutions for modern communication systems. Its products help enable secure data transmission and reliable network performance in wireless and broadband systems. Microchip is benefiting from rising demand for data centers, network security and advanced communication infrastructure.
MPWR’s Price Performance, Valuation & EstimatesMonolithic Power shares have soared 125.8% over the past year compared with the industry’s 90.6% growth.
Image Source: Zacks Investment Research
From a valuation standpoint, Monolithic Power trades at a forward price-to-sales ratio of 18.92, above the industry tally of 10.88.
Image Source: Zacks Investment Research
Earnings estimates for 2026 have increased 11.1% to $24.05 per share over the past 60 days, while the same for 2027 have risen 12.6% to $29.3.
Image Source: Zacks Investment Research
Monolithic Power stock currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
F5 uvedla AI Security Platform pro nepřetržitou kontrolu a ochranu firemních AI aplikací, modelů, agentů a API. Součástí je i akvizice SurePath AI kvůli odhalování shadow AI.
F5 Launches AI Security Platform to Put Security Leaders in Control of Enterprise AI Risk F5 (NASDAQ: FFIV), the global leader in delivering and securing every app and API, today introduced the F5 AI Security Platform to give CISOs continuous visibility, governance, and protection across enterprise AI applications, models, agents, and the APIs connecting them. F5 also announced the acquisition of SurePath AI, a pioneer in network-based AI discovery, intent classification, and shadow AI detection, as a key component in the launch of the new F5 AI Security Platform to safeguard enterprise AI deployments.
Through a continuous, adaptive loop approach to governing, discovering, testing, and protecting enterprise AI workloads, the new platform is designed to extend F5’s Application Delivery and Security Platform (ADSP) strategy to enterprise AI. As a global cybersecurity leader, F5 recognized the AI deployment realities of large enterprises, building the F5 AI Security Platform to support on-premises, air-gapped, private cloud, hybrid, and public cloud environments. This is intended to give organizations greater control over AI security where data residency, sovereignty, and operational requirements are non-negotiable.
AI systems now operate with more access, autonomy, and speed than even the most over-privileged human users, creating new risks for security teams and business leaders. A prompt injection, data leak, or agent acting beyond its authorized scope can expose sensitive information, disrupt operations, and erode customer trust.
At the same time, employees are adopting unauthorized tools and unsanctioned integrations, creating shadow AI footprints that most security teams cannot see, let alone govern. According to F5’s 2026 State of Application Strategy (SOAS) Report, 88% of organizations report at least one AI-related operational or security challenge.
“Most AI security today is a wrapper around a chatbot. That is not security,” said Kunal Anand, Chief Product Officer, F5. “Enterprises run AI inside regulated networks, behind APIs, and across agents that authenticate and act on their own. The F5 AI Security Platform gives CISOs and security leaders what they have been missing: continuous control over every model, agent, and API, wherever the AI runs, delivered on the same F5 platform that has secured and delivered enterprise applications for three decades.”
SurePath AI: Closing the AI visibility gap
The addition of SurePath AI powers the F5 AI Security Platform’s approach to network-based AI discovery, identifying AI usage across the enterprise, including shadow AI, without requiring direct application integrations. With frictionless deployment through network redirects and out-of-band analysis, SurePath AI gives security teams a unified visibility layer that detects unauthorized AI activity, classifies the intent behind each workflow, and continuously traces agent tool calls and MCP server connections. This visibility feeds directly into the F5 AI Security Platform, informing the risks to be tested by F5 AI Red Team and mitigated by F5 AI Guardrails.
Delivering a continuous cycle of protection
The F5 AI Security Platform addresses AI risk through four integrated pillars and an overarching observability layer that creates a persistent security lifecycle rather than a one-time compliance exercise. Features include:
AI governance: Translate specific risk tolerances, privacy requirements, and regulatory obligations into enforceable boundaries for AI prompts, outputs, tool use, and data access.
AI discovery: Gain continuous visibility into every AI application, agent, and MCP tool call running across the enterprise, whether sanctioned or not. The platform classifies activity by use case and intent, so teams know not just what is running but why. SurePath AI’s network-based discovery does this passively, with no application-level integration required.
AI security testing: Stress-test AI systems against more than 140,000 attack patterns from the deepest AI threat database in the industry before those systems reach production, converting findings directly into enforceable defenses.
AI runtime protection: Define guardrails in plain language and deploy them at the point of interaction, where the platform has demonstrated up to 98.2% security efficacy in independent testing, blocking prompt injection, excessive agent autonomy, and data leakage.
AI observability: Provide a complete audit trail across every AI interaction on the platform, maintaining the accountability and traceability that regulated industries require.
The flexibility to deploy anywhere without compromise
With this new solution, F5 uniquely combines AI security capabilities with flexible deployment options, enabling enterprises to operate across on-premises, air-gapped, private cloud, hybrid, and public cloud deployments. This is especially valuable to CISOs in highly regulated industries with exacting data residency and sovereignty requirements. SurePath AI’s lightweight network-based deployment model reinforces this flexibility, requiring no changes to existing application architectures.
Heightened visibility is increasingly critical as AI agents proliferate. F5’s 2026 SOAS Report states 98% of organizations are preparing for agentic AI, but the speed of agent adoption is outpacing the controls designed to manage it. When agents can authenticate, call tools, access data, and take actions autonomously, the blast radius of a single misconfiguration or exploit grows exponentially.
Supporting resources
F5 AI Security Platform – Details
The F5 AI Security Platform: Eliminating the guesswork from AI security – F5 blog
AI Summit: Accelerate AI adoption – F5 virtual event
About F5
F5, Inc. (NASDAQ: FFIV) is the global leader that delivers and secures every app. Backed by three decades of expertise, F5 has built the industry’s premier platform—F5 Application Delivery and Security Platform (ADSP)—to deliver and secure every app, every API, anywhere: on-premises, in the cloud, at the edge, and across hybrid, multicloud environments. F5 is committed to innovating and partnering with the world’s largest and most advanced organizations to deliver fast, available, and secure digital experiences. Together, we help each other thrive and bring a better digital world to life.
For more information visit [url="]f5.com [/url]
Explore F5 Labs threat research at [url="]f5.com/labs [/url]
Follow to learn more about F5, our partners, and technologies:
Blog | LinkedIn | X | YouTube | Instagram | Facebook
F5 and SurePath AI are trademarks, service marks, or tradenames of F5, Inc. or its affiliates in the U.S. and other countries. All other product and company names herein may be trademarks of their respective owners.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260622960969/en/
Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.
SPS Commerce podle zdrojů zvažuje prodej pod tlakem aktivistických investorů a na procesu spolupracuje s Morgan Stanley. Zájem mají projevit private equity firmy.
U.S. dollar banknotes are seen in this illustration taken March 24, 2026. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights, opens new tab
CompaniesNEW YORK, June 23 (Reuters) - Supply chain software maker SPS Commerce (SPSC.O), opens new tab is exploring a sale amid pressure from activist investors, according to three people familiar with the matter.
The company is working with investment bank Morgan Stanley (MS.N), opens new tab on the potential sale, which is expected to draw interest from private equity firms, the sources said, requesting anonymity to discuss confidential matters.
The Reuters Daily Briefing newsletter provides all the news you need to start your day. Sign up here.
SPS Commerce and Morgan Stanley did not immediately respond to requests for comment.
Minneapolis-based SPS Commerce provides cloud-based software that helps retailers, suppliers and distributors manage logistics, inventory and electronic data interchange across their supply chains. It serves more than 50,000 customers globally, including retailers Walmart, Costco, Macy’s, Best Buy, Adidas and Hershey.
SPS Commerce faces pressure from activist investors, including Anson Funds and Irenic Capital, which disclosed stakes in the company in December and early April, respectively, and pushed for changes, including leadership shifts and a review of strategic alternatives, including a potential sale.
In February, Anson reached, opens new tab a cooperation agreement with SPS that saw two new directors join the company's board and one current director step down.
Shares of SPS Commerce have lost more than 80% over the last year, leaving the company with a market capitalization of roughly $2 billion. Investors have pulled back from software stocks due to the uncertainty over AI's impact on the sector.
SPS Commerce has posted double-digit revenue growth in the past, including 18% in 2025, but the firm expects to increase revenue 6% to 7% in 2026. Investors have grown more cautious on software valuations and the sector’s outlook.
(This story has been corrected to fix the date of Anson stake disclosure in paragraph 5)
Reporting by Milana Vinn in New York; editing by Colin Barr, Rod Nickel and Cynthia Osterman
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Milana Vinn reports on technology, media, and telecom (TMT) mergers and acquisitions. Her content usually appears in the markets and deals sections of the website. Milana previously worked at GLG and PE Hub, where she spent several years covering TMT deals in private equity. She graduated from CUNY Graduate School of Journalism with Masters in Business Journalism.
Credo Technology Group prudce roste poté, co Stifel zvýšil cílovou cenu na $350 a Evercore ISI zahájil pokrytí s cílem $325. Akcie jsou na novém 52týdenním maximu.
Credo Technology Group (NASDAQ:CRDO) stock climbed Monday after Wall Street analysts raised their outlook on the AI connectivity chipmaker.
On Monday, Stifel maintained its Buy rating on Credo and increased its price forecast to $350. Evercore ISI Group initiated coverage on Credo with an Outperform rating. The firm announced a price forecast of $325.
The update follows recent recommendations from market commentator Jim Cramer, who recommended holding the stock on June 15, describing the company as “just so good.”
The analyst upgrades follow Credo’s fiscal fourth-quarter earnings report, published after the market close on June 1. The company posted revenue of $437 million, beating analyst estimates of $432.05 million. Adjusted earnings reached $1.16 per share, ahead of expectations of $1.03 per share.
Total revenue rose 157% year-over-year, supported by $1.4 billion in cash and short-term investments. Despite the earnings beat, the stock initially fell 13.67% to $195.32 during after-hours trading on June 1 due to short-term trader de-risking.
Workplace Honors and Corporate MissionCRDO’s Key Support and Resistance LevelsCRDO is in a clear long-term uptrend, trading well above every major moving average: about 23.8% above the 20-day SMA ($231.84) and roughly 86.8% above the 200-day SMA ($153.60).
Trend structure has stayed constructive since the golden cross in May (the 50-day SMA moving above the 200-day SMA), and the stock has continued to build on that bullish backdrop.
Key Resistance: $274.90 Key Support: $231.84 Credo Technology Price ActionCRDO Price Action: Credo Technology Group shares were up 5.04% at $285.52 during premarket trading on Monday. The stock is trading at a new 52-week high, according to Benzinga Pro data.
Photo via Shutterstock
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Market News and Data brought to you by Benzinga APIs
BNP Paribas vidí u Credo adresovatelný trh nad 10 miliardami USD, protože agentic AI pohání budování backendových i frontendových sítí u hyperscalerů a neocloudů. Evercore ISI zahájila pokrytí CRDO s doporučením Outperform a cílovou cenou 325 USD.
The firm sees Credo’s total addressable market swelling above $10 billion as agentic AI drives backend and frontend network builds across hyperscalers and neoclouds.
CRDO stock is moving. See the chart and price action here. BNP Paribas underscores that Credo’s push into optics is additive, not a signal that short‑reach copper is fading.
The company still expects roughly half of its roughly 80% year‑over‑year fiscal 2027 growth to come from Active Electrical Cables, implying about 47% growth to approximately $1.8 billion of AEC revenue.
Credo argues its SerDes-plus system‑level approach yields tighter integration, better reliability, and latency of roughly 6 ns versus peers at around 10 ns, which could matter as AI clusters become more scale‑out and latency-sensitive.
Optics Optics is the other major leg of the story. BNP Paribas expects more than $600 million of fiscal 2027 revenue from ZeroFlap (ZF) optical transceivers, optical DSPs and DustPhotonics Ltd photonic integrated circuits, approaching a 25% mix and offering margin accretion versus the corporate average.
Credo plans to ship hundreds of thousands of ZF transceiver units per month by late fiscal 2027, with a two to three-times volume ramp over the subsequent years as it broadens beyond its initial two hyperscalers and two neoclouds.
The DustPhotonics acquisition is central to Credo’s optical differentiation. DustPhotonics’ PICs use proprietary Low Loss Laser Coupling technology to cut laser count by about 75%, from eight lasers to two.
Branching OutCustomer concentration risk appears to be easing with BNP Paribas expecting Credo to have three to four 10% hyperscale customers in fiscal 2027.
Evercore ISI initiated coverage on CRDO Monday with an Outperform rating and a $325 price target. The analysts highlighted Credo’s systems approach—design, manufacturing, and end‑to‑end testing—as a key competitive advantage versus traditional optical module vendors.
The firm expects Credo’s optical revenue alone to reach more than $600 million by 2028, supported by investments in optical DSPs and differentiated module architectures.
The TakeawayTaken together, both firms view Credo as evolving from a pure‑play AEC vendor into a dual copper‑and‑optical AI connectivity platform with hyperscaler‑grade scale, expanding TAM and a roadmap tied directly to the next wave of agentic AI infrastructure build‑outs.
CRDO Stock Price Activity: Credo stock was up 7.67% at $292.67 at the time of publication on Monday, according to data from Benzinga Pro.
Over the past month, CRDO has gained about 27.4% versus a 0.7% decline in the S&P 500 and is up roughly 96% year-to-date compared to the index’s 8.6% gain. The stock is trading at new 52-week highs.
Photo: Explode / Shutterstock
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Market News and Data brought to you by Benzinga APIs
MSCI kupuje First Street za 120 milionů USD, aby posílila své nástroje pro hodnocení fyzického klimatického rizika. Dohoda má být uzavřena ve 3. čtvrtletí 2026.
NEW YORK--(BUSINESS WIRE)--MSCI Inc. (NYSE: MSCI) is enhancing its global physical climate risk capabilities with the acquisition of First Street, a leading provider of physics-based climate risk data and analytics for every property in the world.
Investors, financial institutions and companies are demanding physical climate risk insights embedded directly into investment and risk workflows to inform critical financial decision making, as climate-related physical risks accelerate globally. First Street’s own research shows that companies have become more than 6.5 times as likely to issue profit warnings following extreme weather events in the past two decades.i
The integration of First Street’s data and tools into MSCI’s extensive climate and geospatial solutions will enable quantified assessments of financially relevant physical climate risk at any geographic coordinate and across more than 2 billion structures worldwide.ii
These additional capabilities can help institutions meet rising regulatory and reporting requirements while supporting physical risk management and adaptation and resilience planning.
First Street provides multi-hazard models that incorporate climate signals and are validated against observed events to assess current and future physical risk exposure, asset damage and business interruption.
Powered by proprietary data on building characteristics, infrastructure dependencies and site-level adaptation, these models translate physical hazards into measurable financial impact estimates. The interactive platform delivers these insights through visualizations and on-demand, customizable analytics for individual properties, companies and portfolios within one unified AI-enabled workflow.
As extreme weather and geopolitical disruption are making asset location a critical factor in evaluating investment risk and opportunity, the ability of banks, insurance companies, asset managers, asset owners and companies to analyze and act upon location-based risks could be a key determinant of future success. This trend is reflected in major European central banks’ use of MSCI data to enable them to better identify climate risks across their loan books.
The acquisition further strengthens MSCI’s long-established leadership in climate investment tools and research, building on decades of expertise in geospatial intelligence, climate scenario analysis and transition finance to deliver greater transparency, innovation and scalability.
Richard Mattison, Head of Sustainability and Climate at MSCI, said: “The financial consequences of where assets are located have come into sharp focus due to the recent geopolitical turmoil, supply chain disruption and the growing impact of climate hazards. In response, investors, lenders and insurers are increasingly looking for more in-depth and actionable analysis of the physical risk held in the footprint of a company’s operations and investments.
“The integration of First Street data into MSCI’s existing geospatial capabilities will enable clients to be better informed about their changing risk exposures and translate that directly into financial decision-making.”
Matthew Eby, Founder and CEO at First Street, said: “First Street was built on the simple conviction that every financial decision should account for a changing climate. We built the Climate Risk Financial Modeling (CRFM) category to turn that conviction into reality. Joining MSCI puts our property-level science in front of the world’s leading investors, lenders and insurers and turns climate risk from a disclosure exercise into a daily input for how capital is priced and allocated.”
The transaction consideration includes a cash payment of $120 million at closing (subject to customary closing adjustments), with the potential for additional cash payments during the first two years following closing if certain revenue thresholds are achieved. The transaction is expected to close in the third quarter of 2026, subject to regulatory approvals and customary closing conditions. Following closing, First Street's financial results will be reported within MSCI's Sustainability and Climate segment.
About MSCI
MSCI Inc. (NYSE: MSCI) strengthens global markets by connecting participants across the financial ecosystem with a common language. Our research-based data, analytics and indexes, supported by advanced technology, set standards for global investors and help our clients understand risks and opportunities so they can make better decisions and unlock innovation. We serve asset managers and owners, private-market sponsors and investors, hedge funds, wealth managers, banks, insurers and corporates. To learn more, please visit www.msci.com. #IR
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements relate to future events or performance and involve risks that may cause actual results or performance to differ materially, and you should not place undue reliance on them. Risks that could affect results or performance are in MSCI’s Annual Report on Form 10-K for the most recent fiscal year ended on December 31 that is filed with the SEC. MSCI does not undertake to update any forward-looking statements. No information herein constitutes investment advice or should be relied on as such. MSCI grants no right or license to use its products or services without an appropriate license. MSCI MAKES NO EXPRESS OR IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE OR OTHERWISE WITH RESPECT TO THE INFORMATION HEREIN AND DISCLAIMS ALL LIABILITY TO THE MAXIMUM EXTENT PERMITTED BY LAW.
i The New Cost of Doing Business, 16 Risk Assessment, by First Street, March 2026.
ii Since September 2025.
COLUMBUS, Ohio, June 23, 2026 (GLOBE NEWSWIRE) -- The Worthington Enterprises Inc. (NYSE: WOR) board of directors today declared a quarterly dividend of $0.20 per share, which represents an increase of $0.01 per share or 5% from the prior quarter. The dividend is payable on September 29, 2026, to shareholders of record on September 15, 2026. The company has paid a quarterly dividend since its initial public offering in 1968.
The board of directors also appointed accomplished manufacturing and building products executive Brad Southern as its newest member. Southern retired as Chairman and CEO of Louisiana-Pacific Corporation (LP) Building Solutions earlier this year. He joined LP in 1999, became CEO in 2017 and Chairman in 2020. Prior to joining LP, Southern held operational, financial and strategic planning leadership roles with MacMillan Bloedel. He is currently Chairman of the board of directors of the Nashville branch of the Federal Reserve Bank of Atlanta. He previously served on the boards of GMS Inc., Astec Industries, Keller Group, and several nonprofit and industry organizations.
Worthington Enterprises Board Chairman John Blystone said, “Brad brings our board of directors more than 40 years of leadership experience across operations, strategy, finance and corporate governance. Throughout his career, he led large-scale building products, manufacturing and commercial organizations with responsibility for multi-billion-dollar revenue operations and a broad portfolio of engineered solutions. We are grateful for his commitment and confident that his expertise will positively impact our strategies to create value and grow Worthington Enterprises.”
Worthington Enterprises will hold its quarterly earnings conference call tomorrow at 8:30 a.m. ET. The company will discuss its fiscal fourth quarter results, which will be released after the market closes this afternoon.
LIVE CONFERENCE CALL DETAILSDate:Wednesday, June 24, 2026Webcast Link:https://events.q4inc.com/attendee/686020142Starting Time:8:30 a.m. ETDomestic Participants:833-461-5787Conference ID:686020142 About Worthington Enterprises
Worthington Enterprises (NYSE: WOR) is a designer and manufacturer of market-leading brands that improve everyday life by elevating spaces and experiences. The company operates with two primary business segments: Building Products and Consumer Products. The Building Products segment includes heating and cooling, cooking, construction and water solutions, and building systems including HVAC and metal roofing components, architectural and acoustical grid ceilings, and metal framing and accessories. The Consumer Products segment provides solutions for the tools, outdoor living and celebrations categories. Product brands within the Worthington Enterprises portfolio include Balloon Time®, Bernzomatic®, BPD, Coleman® (propane cylinders), CoMet®, Elgen, Garden Weasel®, General®, HALO™, Hawkeye™, LEVEL5 Tools®, Logan Stampings, Mag Torch®, NEXI™, Pactool International®, PowerCore™, Ragasco®, Roof Hugger®, Well-X-Trol® and XLite™, among others.
Headquartered in Columbus, Ohio, Worthington Enterprises employs approximately 4,000 people throughout North America and Europe.
Founded in 1955 as Worthington Industries, Worthington Enterprises follows a people-first Philosophy with earning money for its shareholders as its first corporate goal. Worthington Enterprises achieves this outcome by empowering its employees to innovate, thrive and grow with leading brands in attractive markets that improve everyday life. The company engages deeply with local communities where it has operations through volunteer efforts and The Worthington Companies Foundation, participates actively in workforce development programs and reports annually on its corporate citizenship and sustainability efforts. For more information, visit worthingtonenterprises.com.
Forward-Looking Statements
Statements by Worthington Enterprises that are not limited to historical information constitute “forward-looking statements” under federal securities laws. Forward-looking statements are subject to various risks, uncertainties and other factors that may cause actual results to differ materially from those expected by Worthington Enterprises. Readers should evaluate forward-looking statements in the context of such risks, uncertainties and other factors, many of which are described in Worthington Enterprises’ filings with the Securities and Exchange Commission (“SEC”). Forward-looking statements are qualified by the cautionary statements included in Worthington Enterprises’ SEC filings and other public communications. This press release speaks only as of the date hereof. Worthington Enterprises does not undertake any obligation to update or revise its forward-looking statements except as required by applicable law or regulation.
Sonya L. Higginbotham
Senior Vice President
Chief of Corporate Affairs, Communications and Sustainability
614.438.7391 [email protected]
Marcus A. Rogier
Treasurer and Investor Relations Officer
614.840.4663 [email protected]
200 Old Wilson Bridge Rd.
Columbus, Ohio 43085
WorthingtonEnterprises.com
Worthington Enterprises ve 4. čtvrtletí zvýšila tržby o 17 % na 371,5 mil. USD a čistý zisk vyskočil na 48,1 mil. USD z 3,6 mil. USD. Za celý rok tržby vzrostly o 20 % na 1,4 mld. USD.
COLUMBUS, Ohio, June 23, 2026 (GLOBE NEWSWIRE) -- Worthington Enterprises Inc. (NYSE: WOR), a designer and manufacturer of market-leading building and consumer products that improve everyday life by elevating spaces and experiences, today reported results for its fiscal 2026 fourth quarter and full-year ended May 31, 2026.
Recent Developments and Highlights (comparisons to the prior-year period unless otherwise stated)
Fourth Quarter fiscal 2026
Net sales were $371.5 million, an increase of 17%, including $44.1 million from recent acquisitions and 3% from organic growth.Net earnings increased to $48.1 million from $3.6 million, while adjusted net earnings were $47.7 million and adjusted EBITDA was $83.5 million.Earnings per share on a fully diluted basis (“EPS – diluted”) improved to $0.97 from $0.08 per share, while adjusted EPS – diluted was $0.97 per share compared to $1.06.Operating cash flow increased $9.2 million to $71.6 million, while free cash flow increased $5.8 million to $55.1 million.Repurchased 350,000 common shares for $18.2 million, leaving 4,565,000 common shares available under the company’s existing repurchase authorization.Declared a quarterly dividend of $0.20 per common share payable on September 29, 2026, to shareholders of record at the close of business on September 15, 2026, representing a 5% increase, or $0.01 per share, compared to the prior quarter. Full-Year fiscal 2026
Net sales were $1.4 billion, an increase of 20%, including $121.7 million from recent acquisitions and 9% from organic growth. Net earnings increased 63% to $155.0 million, while adjusted net earnings increased 8% to $167.6 million and adjusted EBITDA grew 12% to $295.8 million.EPS – diluted improved to $3.14 from $1.92 per share, while adjusted EPS – diluted increased to $3.37 per share from $3.09 per share.Operating cash flow increased 8% to $226.1 million, while free cash flow improved 7% to $170.2 million.Completed the acquisitions of Elgen Manufacturing (“Elgen”) and LSI Group (“LSI”), further expanding the company’s building products portfolio and strengthening its position across the building envelope.
“We closed fiscal 2026 with another quarter of solid performance, delivering positive organic growth and strong free cash flow while continuing to execute our strategy,” said Worthington Enterprises President and CEO Joe Hayek. “For the full year, our teams drove double-digit growth in adjusted EBITDA, expanded margins in our wholly owned businesses and maintained a strong balance sheet. I want to thank my colleagues around the world for their continued commitment to serving our customers and delivering value for our shareholders. Their dedication continues to strengthen our business.”
Financial highlights for the current year and prior year quarters are as follows:
(U.S. dollars in millions, except per share amounts) 4Q 2026 4Q 2025 GAAP Financial Measures Net sales $371.5 $317.9 Operating income (loss) 23.2 (30.4)Earnings before income taxes 59.8 8.3 Net earnings 48.1 3.6 EPS – diluted 0.97 0.08 Net cash provided by operating activities 71.6 62.4 Non-GAAP Financial Measures (1) Adjusted operating income $25.5 $21.8 Adjusted EBITDA 83.5 85.1 Adjusted net earnings 47.7 53.1 Adjusted EPS – diluted 0.97 1.06 Free cash flow 55.1 49.3 (1) Refer to the “GAAP / Non-GAAP Reconciliations” and the “Use of Non-GAAP Financial Measures and Definitions” sections of this release for additional information regarding the use of non-GAAP financial measures and reconciliations to the most directly comparable financial measures calculated and presented in accordance with GAAP.
Consolidated Quarterly Results
Net sales for the fourth quarter of fiscal 2026 increased $53.6 million, or 16.9%, over the prior year quarter to $371.5 million. Recent acquisitions contributed $44.1 million to net sales in the current year quarter. Excluding the impact of acquisitions, net sales increased $9.5 million, or 3.0%, compared to the prior year quarter.
Operating income increased $53.6 million to $23.2 million. Results in the prior year quarter included nonrecurring items totaling $52.2 million, resulting primarily from the non-cash write-down of intangible assets in the General Tools & Instruments (“GTI”) business. On an adjusted basis, operating income increased $3.7 million in the quarter to $25.5 million, reflecting contributions from recent acquisitions.
Equity in net income of unconsolidated affiliates decreased $4.6 million from the prior year quarter to $38.1 million, primarily due to lower contributions from ClarkDietrich, which were down $6.8 million. Contributions from WAVE remained strong at $32.3 million and were largely consistent with the prior year quarter, while higher contributions from the Workhorse and SES joint ventures partially offset the decline. Equity income in the prior year quarter included a $3.4 million non-cash impairment charge at the SES joint venture.
Income tax expense was $11.7 million in the fourth quarter of fiscal 2026, compared to $4.7 million in the prior year quarter. The increase was driven by higher pre-tax earnings. Income tax expense in the fourth quarter of fiscal 2026 reflects an annual effective rate of 22.9%, compared to 26.1% in the prior year, which was impacted by certain discrete items. On an adjusted basis, the annual effective tax rate was 23.3%, compared to 23.0% in the prior year.
Balance Sheet and Cash Flow
Total debt at quarter end was $305.9 million, consisting entirely of long-term debt, an increase of $3.0 million from May 31, 2025, primarily due to the remeasurement of the company’s euro-denominated notes. The company had no borrowings under its revolving credit facility as of May 31, 2026, leaving $500.0 million available for future use and providing substantial liquidity.
The company ended the quarter with cash of $27.7 million, a decrease of $222.4 million from May 31, 2025, primarily reflecting the acquisitions of Elgen and LSI. During the fourth quarter of fiscal 2026, the company generated operating cash flow of $71.6 million, of which $16.5 million was invested in capital expenditures, resulting in free cash flow of $55.1 million, up from $49.3 million in the prior year quarter. Capital expenditures in the current year quarter included approximately $6.6 million related to ongoing facility modernization projects, which remain on track and are expected to be completed during fiscal 2027.
Quarterly Segment Results
Building Products generated net sales of $245.3 million in the current year quarter, an increase of $53.0 million, or 27.6%, over the prior year quarter. The increase was primarily driven by the impact of acquisitions, which contributed $44.1 million to net sales in the current year quarter. Excluding the impact of acquisitions, net sales increased $8.9 million, or 4.6% compared to the prior year quarter. Adjusted EBITDA decreased $2.7 million, mainly driven by a $6.8 million decline in equity income contributions from ClarkDietrich and less favorable product mix compared to the prior year quarter.
Consumer Products generated net sales of $126.1 million in the current year quarter, up $0.6 million from the prior year quarter, driven by higher average selling prices, which were mostly offset by lower volume. Adjusted EBITDA increased $3.5 million to $24.3 million, driven by gross margin improvement and lower SG&A expense.
Outlook
“As we enter fiscal 2027, we are building on the momentum we created this year,” Hayek said. “Our teams remain focused on innovation, transformation and strategic M&A as we continue to strengthen our market positions, integrate recent acquisitions, expand our capabilities and deliver value for our customers. Supported by strong free cash flow generation and a healthy balance sheet, we are excited about the opportunities ahead and remain focused on creating long-term shareholder value.”
Conference Call
The company will review fiscal 2026 fourth quarter and full-year results during its quarterly conference call on June 24, 2026, at 8:30 a.m. Eastern Time. Details regarding the conference call can be found on the company website at www.WorthingtonEnterprises.com.
About Worthington Enterprises
Worthington Enterprises (NYSE: WOR) is a designer and manufacturer of market-leading brands that improve everyday life by elevating spaces and experiences. The company operates with two primary business segments: Building Products and Consumer Products. The Building Products segment includes heating and cooling, cooking, construction and water solutions, and building systems including HVAC and metal roofing components, architectural and acoustical grid ceilings, and metal framing and accessories. The Consumer Products segment provides solutions for the tools, outdoor living and celebrations categories. Product brands within the Worthington Enterprises portfolio include Balloon Time®, Bernzomatic®, BPD, Coleman® (propane cylinders), CoMet®, Elgen, Garden Weasel®, General®, HALO™, Hawkeye™, LEVEL5 Tools®, Logan Stampings, Mag Torch®, NEXI™, Pactool International®, PowerCore™, Ragasco®, Roof Hugger®, Well-X-Trol® and XLite™, among others.
Headquartered in Columbus, Ohio, Worthington Enterprises and its joint ventures employ approximately 6,000 people throughout North America and Europe.
Founded in 1955 as Worthington Industries, Worthington Enterprises follows a people-first Philosophy with earning money for its shareholders as its first corporate goal. Worthington Enterprises achieves this outcome by empowering its employees to innovate, thrive and grow with leading brands in attractive markets that improve everyday life. The company engages deeply with local communities where it has operations through volunteer efforts and The Worthington Companies Foundation, participates actively in workforce development programs and reports annually on its corporate citizenship and sustainability efforts. For more information, visit worthingtonenterprises.com.
Safe Harbor Statement
Selected statements contained in this release constitute “forward-looking statements,” as that term is used in the Private Securities Litigation Reform Act of 1995 (the “Act”). We wish to take advantage of the safe harbor provisions included in the Act. Forward-looking statements reflect the company’s current expectations, estimates or projections concerning future results or events. These statements are often identified by the use of forward-looking words or phrases such as “believe,” “expect,” “anticipate,” “may,” “could,” “should,” “would,” “intend,” “plan,” “will,” “likely,” “estimate,” “project,” “position,” “strategy,” “target,” “aim,” “seek,” “foresee” and similar words or phrases. These forward-looking statements include, without limitation, statements relating to: future or expected cash positions, liquidity and ability to access financial markets and capital; outlook, strategy or business plans; future or expected growth, growth potential, forward momentum, performance, competitive position, sales, volumes, cash flows, earnings, margins, balance sheet strengths, debt, financial condition or other financial measures; pricing trends for raw materials and finished goods and the impact of pricing changes; the ability to improve or maintain margins; expected demand or demand trends; additions to product lines and opportunities to participate in new markets; expected benefits from transformation and innovation efforts; the ability to improve performance and competitive position; anticipated working capital needs, capital expenditures and asset sales; anticipated improvements and efficiencies in costs, operations, sales, inventory management, sourcing and the supply chain and the results thereof; projected profitability potential; the ability to make acquisitions and the projected timing, results, benefits, costs, charges and expenditures related to acquisitions, joint ventures, headcount reductions and facility dispositions, shutdowns and consolidations; projected capacity and the alignment of operations with demand; the ability to operate profitably and generate cash in down markets; the ability to capture and maintain market share and to develop or take advantage of future opportunities, customer initiatives, new businesses, new products and new markets; expectations for inventories, jobs and orders; expectations for the economy and markets or improvements therein; expectations for generating improving and sustainable earnings, earnings potential, margins or shareholder value; effects of judicial rulings; effects of pandemics and widespread health crises and the various responses of governmental and nongovernmental authorities thereto on economies and markets, and on the company’s customers, counterparties, employees and third-party service providers; and other non-historical matters.
Because they are based on beliefs, estimates and assumptions, forward-looking statements are inherently subject to risks and uncertainties that could cause actual results to differ materially from those projected. Any number of factors could affect actual results, including, without limitation, those that follow: the effect of conditions in national and worldwide financial markets, including inflation, increases in interest rates and economic recession, and with respect to the ability of financial institutions to provide capital; the impact of tariffs, the adoption of trade restrictions affecting the company’s products or suppliers, a United States withdrawal from or significant renegotiation of trade agreements, the occurrence of trade wars, the closing of border crossings, and other changes in trade regulations or relationships; changing oil prices and/or supply; product demand and pricing; changes in product mix, product substitution and market acceptance of the company’s products; volatility or fluctuations in the pricing, quality or availability of raw materials (particularly steel), supplies, transportation, utilities, labor and other items required by operations; effects of sourcing and supply chain constraints; the outcome of adverse claims experience with respect to workers’ compensation, product recalls or product liability, casualty events or other matters; effects of facility closures and the consolidation of operations; the effect of financial difficulties, consolidation and other changes within the steel, automotive, construction and other industries in which we participate; failure to maintain appropriate levels of inventories; financial difficulties (including bankruptcy filings) of original equipment manufacturers, end-users and customers, suppliers, joint venture partners and others with whom we do business; the ability to realize targeted expense reductions from headcount reductions, facility closures and other cost reduction efforts; the ability to realize cost savings and operational, sales and sourcing improvements and efficiencies, and other expected benefits from transformation initiatives, on a timely basis; the overall success of, and the ability to integrate, newly-acquired businesses and joint ventures, maintain and develop their customers, and achieve synergies and other expected benefits and cost savings therefrom; capacity levels and efficiencies, within facilities, within major product markets and within the industries in which we participate as a whole; the effect of disruption in the business of suppliers, customers, facilities and shipping operations due to adverse weather, casualty events, equipment breakdowns, labor shortages, interruption in utility services, civil unrest, international conflicts, terrorist activities or other causes; changes in customer demand, inventories, spending patterns, product choices, and supplier choices; risks associated with doing business internationally, including economic, political and social instability, foreign currency exchange rate exposure and the acceptance of the company’s products in global markets; the ability to improve and maintain processes and business practices to keep pace with the economic, competitive and technological environment; the effect of inflation, interest rate increases and economic recession, which may negatively impact the company’s operations and financial results; deviation of actual results from estimates and/or assumptions used in the application of its significant accounting policies; the level of imports and import prices in the company’s markets; the impact of environmental laws and regulations or the actions of the United States Environmental Protection Agency or similar regulators which increase costs or limit the company’s ability to use or sell certain products; the impact of increasing environmental, greenhouse gas emission and sustainability regulations and considerations; the impact of judicial rulings and governmental regulations, both in the United States and abroad, including those adopted by the United States Securities and Exchange Commission and other governmental agencies as contemplated by the Coronavirus Aid, Relief and Economic Security (CARES) Act, the Consolidated Appropriations Act, 2021, the American Rescue Plan Act of 2021, and the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010; the effect of healthcare laws in the United States and potential changes for such laws, which may increase the company’s healthcare and other costs and negatively impact the company’s operations and financial results; the effects of tax laws in the United States and potential changes for such laws, which may increase the company’s costs and negatively impact the company’s operations and financial results; cyber security risks; the effects of privacy and information security laws and standards; and other risks described from time to time in the company’s filings with the United States Securities and Exchange Commission, including those described in “Part I – Item 1A. – Risk Factors” of the Annual Report on Form 10-K for the fiscal year ended May 31, 2025.
Forward-looking statements should be construed in the light of such risks. We note these factors for investors as contemplated by the Act. It is impossible to predict or identify all potential risk factors. Consequently, readers should not consider the foregoing list to be a complete set of all potential risks and uncertainties. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date made. We do not undertake, and hereby disclaim, any obligation to update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by applicable law.
WORTHINGTON ENTERPRISES, INC.
CONSOLIDATED STATEMENTS OF EARNINGS
(In thousands, except per common share amounts) Three Months Ended Twelve Months Ended May 31, May 31, 2026 2025 2026 2025 Net sales $371,456 $317,884 $1,381,292 $1,153,762 Cost of goods sold 269,568 224,650 1,003,017 834,727 Gross profit 101,888 93,234 378,275 319,035 Selling, general and administrative expense 77,935 71,454 294,966 268,413 Impairment of long-lived assets - 50,813 - 50,813 Restructuring and other expense, net 794 1,372 7,100 10,524 Operating income (loss) 23,159 (30,405) 76,209 (10,715)Other income (expense): Miscellaneous income (expense), net 1,358 (4,031) (3,244) (3,222)Interest (expense) income, net (2,885) 60 (6,248) (2,090)Equity in net income of unconsolidated affiliates 38,141 42,707 134,631 144,836 Earnings before income taxes 59,773 8,331 201,348 128,809 Income tax expense 11,708 4,717 46,313 33,839 Net earnings 48,065 3,614 155,035 94,970 Net loss attributable to noncontrolling interest (81) (263) (1,050) (1,083)Net earnings attributable to controlling interest $48,146 $3,877 $156,085 $96,053 Basic Weighted average common shares outstanding 48,795 49,253 49,073 49,395 Earnings per share attributable to controlling interest $0.99 $0.08 $3.18 $1.94 Diluted Weighted average common shares outstanding 49,404 49,997 49,716 50,131 Earnings per share attributable to controlling interest $0.97 $0.08 $3.14 $1.92 Cash dividends declared per common share $0.19 $0.17 $0.76 $0.68 WORTHINGTON ENTERPRISES, INC.
CONSOLIDATED BALANCE SHEETS
(In thousands)
May 31, 2026 2025 Assets Current assets: Cash and cash equivalents $27,725 $250,075 Receivables, less allowances of $1,310 and $907, respectively 228,168 215,824 Inventories Raw materials 110,536 80,522 Work in process 9,490 9,408 Finished products 87,270 79,463 Total inventories 207,296 169,393 Income taxes receivable 20,016 12,720 Prepaid expenses and other current assets 41,269 37,358 Total current assets 524,474 685,370 Investments in unconsolidated affiliates 118,048 129,262 Operating lease assets 42,888 22,699 Goodwill 500,784 376,480 Other intangible assets, net of accumulated amortization of $106,944 and $88,887, respectively 322,761 190,398 Other assets 28,215 20,717 Property, plant and equipment: Land 8,732 8,703 Buildings and improvements 136,441 132,742 Machinery and equipment 411,030 372,798 Construction in progress 66,509 33,326 Total property, plant and equipment 622,712 547,569 Less: accumulated depreciation 311,818 277,343 Total property, plant and equipment, net 310,894 270,226 Total assets $1,848,064 $1,695,152 Liabilities and equity Current liabilities: Accounts payable $115,203 $103,205 Accrued compensation, contributions to employee benefit plans and related taxes 41,728 43,864 Dividends payable 9,814 9,172 Other accrued items 45,832 34,478 Current operating lease liabilities 7,982 6,014 Income taxes payable 867 109 Total current liabilities 221,426 196,842 Other liabilities 56,657 53,364 Distributions in excess of investment in unconsolidated affiliate 105,349 103,767 Long-term debt 305,896 302,868 Noncurrent operating lease liabilities 35,883 17,173 Deferred income taxes, net 95,813 82,901 Total liabilities 821,024 756,915 Shareholders' equity - controlling interest 1,027,040 937,187 Noncontrolling interest - 1,050 Total equity 1,027,040 938,237 Total liabilities and equity $1,848,064 $1,695,152 WORTHINGTON ENTERPRISES, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
Three Months Ended Twelve Months Ended May 31, May 31, 2026 2025 2026 2025 Operating activities: Net earnings $48,065 $3,614 $155,035 $94,970 Adjustments to reconcile net earnings to net cash provided by operating activities: Depreciation and amortization 15,870 12,555 57,272 48,262 Impairment of long-lived assets - 50,813 - 50,813 Provision for (benefit from) deferred income taxes 627 (7,568) 8,439 (18,439)Impairment of investment in note receivable - 5,000 - 5,000 Bad debt expense (income) 246 (31) 358 3,158 Equity in net income of unconsolidated affiliates, net of distributions (3,630) (2,041) 5,361 8,769 Net loss on sale of assets 295 824 3,290 277 Stock-based compensation 3,230 3,399 13,734 16,186 Unrealized (gain) loss on investment in marketable securities (610) - 975 - Changes in assets and liabilities, net of impact of acquisitions: Receivables 3,836 (13,238) 7,706 (22,261)Inventories (9,858) (4,058) (11,557) 11,500 Accounts payable 7,185 13,219 3,820 619 Accrued compensation and employee benefits (1,166) 6,435 (1,986) 1,807 Other operating items, net 7,511 (6,509) (16,328) 9,083 Net cash provided by operating activities 71,601 62,414 226,119 209,744 Investing activities: Investment in property, plant and equipment (16,492) (13,086) (55,913) (50,580)Acquisitions, net of cash acquired 278 (6,862) (304,148) (95,018)Proceeds from sale of assets, net of selling costs 227 11 245 13,455 Investment in non-marketable equity securities, net of distributions (138) (85) (251) (2,958)Net cash used by investing activities (16,125) (20,022) (360,067) (135,101) Financing activities: Dividends paid (9,350) (8,396) (36,890) (33,903)Purchase of common shares (18,382) (9,831) (43,710) (30,883)Net repayments of short-term borrowings (4,792) - - - Principal payments on long-term obligations (1,094) - (1,854) - Proceeds from issuance of common shares, net of tax withholdings (112) 3,066 (5,948) (4,007)Net cash used by financing activities (33,730) (15,161) (88,402) (68,793)Increase (decrease) in cash and cash equivalents 21,746 27,231 (222,350) 5,850 Cash and cash equivalents at beginning of period 5,979 222,844 250,075 244,225 Cash and cash equivalents at end of period $27,725 $250,075 $27,725 $250,075 WORTHINGTON ENTERPRISES, INC.
SEGMENT INFORMATION
(Dollars in thousands) Three Months Ended Twelve Months Ended May 31, May 31, 2026 2025 2026 2025 Net sales Building Products $245,309 $192,316 $861,456 $654,137 Consumer Products 126,147 125,568 519,836 499,625 Consolidated $371,456 $317,884 $1,381,292 $1,153,762 Adjusted EBITDA Building Products $68,544 $71,253 $240,310 $212,831 Consumer Products 24,270 20,791 91,157 82,676 Total reportable segments 92,814 92,044 331,467 295,507 Other (1) (228) 638 (5,309) (2,672)Unallocated Corporate (9,063) (7,622) (30,330) (27,869)Consolidated $83,523 $85,060 $295,828 $264,966 Adjusted EBITDA margin Building Products 27.9% 37.0% 27.9% 32.5%Consumer Products 19.2% 16.6% 17.5% 16.5%Consolidated 22.5% 26.8% 21.4% 23.0% Equity income by unconsolidated affiliate WAVE (2) $32,285 $32,622 $118,063 $110,100 ClarkDietrich (2) 6,084 12,836 21,877 40,795 Other (1) (228) (2,751) (5,309) (6,059)Consolidated $38,141 $42,707 $134,631 $144,836 (1) Other includes the equity in net income of unconsolidated affiliates of the Workhorse and the SES joint ventures.
(2) Equity income contributed by the WAVE and ClarkDietrich joint ventures is included in Building Products segment results.
WORTHINGTON ENTERPRISES, INC.
GAAP / NON-GAAP RECONCILIATIONS
(Dollars in thousands, except per share amounts) For more information regarding the non-GAAP financial measures, refer to the “Use of Non-GAAP Financial Measures and Definitions” section of this release.
Consolidated Results – Adjusted Earnings per Share – Diluted
Three Months Ended May 31, 2026 Earnings Before Income Effective Operating Income Tax Net Diluted Tax Income Taxes Expense Earnings(1) EPS(1) Rate(1) GAAP$23,159 $59,773 $11,708 $48,146 $0.97 19.6%Amortization of inventory step-up(2) 1,500 1,500 (321) 1,179 0.02 Restructuring and other expense, net(3) 794 794 (133) 661 0.02 Non-cash gains in miscellaneous income, net(4) - (610) 157 (453) - Discrete tax item(8) - - (1,837) (1,837) (0.04) Non-GAAP$25,453 $61,457 $13,842 $47,696 $0.97 22.5% Three Months Ended May 31, 2025 Earnings Operating Before Income Effective Income Income Tax Net Diluted Tax (Loss) Taxes Expense Earnings(1) EPS(1) Rate(1) GAAP$(30,405) $8,331 $4,717 $3,877 $0.08 54.9%Impairment of long-lived assets(3) 50,813 50,813 (10,387) 40,426 0.81 Restructuring and other expense, net(3) 1,372 1,372 (164) 1,208 0.02 Non-cash losses in miscellaneous expense, net(4) - 5,000 - 5,000 0.10 Non-recurring loss in equity income(5) - 3,387 (801) 2,586 0.05 Non-GAAP$21,780 $68,903 $16,069 $53,097 $1.06 23.2% Twelve Months Ended May 31, 2026 Earnings Before Income Effective Operating Income Tax Net Diluted Tax Income Taxes Expense Earnings(1) EPS(1) Rate(1) GAAP$76,209 $201,348 $46,313 $156,085 $3.14 22.9%Amortization of inventory step-up(2) 5,151 5,151 (1,209) 3,942 0.08 Restructuring and other expense, net(3) 7,100 7,100 (1,425) 5,675 0.12 Non-cash losses in miscellaneous expense, net(4) - 3,925 (229) 3,696 0.07 Discrete tax item(8) - - (1,837) (1,837) (0.04) Non-GAAP$88,460 $217,524 $51,013 $167,561 $3.37 23.3% Twelve Months Ended May 31, 2025 Earnings Operating Before Income Effective Income Income Tax Net Diluted Tax (Loss) Taxes Expense Earnings(1) EPS(1) Rate(1) GAAP$(10,715) $128,809 $33,839 $96,053 $1.92 26.1%Amortization of inventory step-up(2) 1,477 1,477 (350) 1,127 0.02 Impairment of long-lived assets(3) 50,813 50,813 (10,387) 40,426 0.81 Restructuring and other expense, net(3) 10,524 10,524 (796) 9,728 0.19 Non-cash losses in miscellaneous expense, net(4) - 5,000 - 5,000 0.10 Non-recurring loss in equity income(5) - 3,387 (801) 2,586 0.05 Non-GAAP$52,099 $200,010 $46,173 $154,920 $3.09 23.0% Consolidated Results – Adjusted EBITDA
Three Months Ended Twelve Months Ended May 31, May 31, 2026 2025 2026 2025 Net earnings (GAAP) $48,065 $3,614 $155,035 $94,970 Plus: Net loss attributable to noncontrolling interest 81 263 1,050 1,083 Net earnings attributable to controlling interest 48,146 3,877 156,085 96,053 Interest expense (income), net 2,885 (60) 6,248 2,090 Income tax expense 11,708 4,717 46,313 33,839 EBIT(6) 62,739 8,534 208,646 131,982 Amortization of inventory step-up(2) 1,500 - 5,151 1,477 Impairment of long-lived assets(3) - 50,813 - 50,813 Restructuring and other expense, net(3) 794 1,372 7,100 10,524 Non-cash (gains) losses in miscellaneous (income) expense, net(4) (610) 5,000 3,925 5,000 Non-recurring loss in equity income(5) - 3,387 - 3,387 Adjusted EBIT(6) 64,423 69,106 224,822 203,183 Depreciation and amortization 15,870 12,555 57,272 48,262 Stock-based compensation(7) 3,230 3,399 13,734 13,521 Adjusted EBITDA (non-GAAP) $83,523 $85,060 $295,828 $264,966 Net earnings margin (GAAP) 12.9% 1.1% 11.2% 8.2%Adjusted EBITDA margin (non-GAAP) 22.5% 26.8% 21.4% 23.0% (1) Excludes the impact of noncontrolling interest.
(2) Reflects the amortization of the step-up to fair market value of acquired inventory related to the LSI and Elgen acquisitions in fiscal 2026 and the Ragasco acquisition in fiscal 2025.
(3) Significant pre-tax impairment and restructuring charges include the following:
Impairment of long-lived assets: Non-cash charge of $50,050 in the fourth quarter of 2025 related to the write-down of intangible assets associated with GTI.Restructuring and other expense, net: A charge of $4,536 in fiscal 2025 related to an increase in the fair value of the contingent liability associated with the Ragasco earnout. (4) Reflects the following non-cash activity in miscellaneous (income) expense, net:
A loss of $2,950 incurred during the second quarter of fiscal 2026 in connection with the divestiture of the company’s 49% interest in the composite assets of its SES joint venture on October 16, 2025. In exchange for the company’s interest in the divested assets, it received common shares of both Hexagon Composites and Hexagon Purus.Unrealized (gains) losses during fiscal 2026 associated with the marketable securities noted directly above.A pre-tax charge of $5,000 during the fourth quarter of fiscal 2025 to write down an investment in a note receivable that was determined to be other than temporarily impaired. (5) Reflects a non-cash impairment charge of $3,387 at the SES joint venture during the fourth quarter of fiscal 2025
(6) EBIT and adjusted EBIT are non-GAAP financial measures. However, these measures are not used by management to evaluate the company’s performance, engage in financial and operational planning, or to determine incentive compensation. Instead, they are included as subtotals in the reconciliation of net earnings to adjusted EBITDA, which is a non-GAAP financial measure used by management.
(7) Excludes $2,665 of stock-based compensation reported in restructuring and other expense, net in the company’s consolidated statement of earnings during fiscal 2025 related to the accelerated vesting of certain outstanding equity awards upon retirement of a key employee.
(8) Reflects the release of a FIN 48 reserve associated with a non-recurring gain recognized in fiscal 2021.
Consolidated Results - Free Cash Flow
The following tables provide a reconciliation of net cash provided by operating activities to free cash flow and the calculation of operating cash flow conversion to free cash flow conversion for the three and 12 months ended May 31, 2026 and 2025.
Three Months Ended Twelve Months Ended May 31, May 31, 2026 2025 2026 2025 Net cash provided by operating activities (GAAP) $71,601 $62,414 $226,119 $209,744 Investment in property, plant, and equipment (16,492) (13,086) (55,913) (50,580)Free cash flow (non-GAAP) $55,109 $49,328 $170,206 $159,164 Net earnings attributable to controlling interest (GAAP) $48,146 $3,877 $156,085 $96,053 Adjusted net earnings attributable to controlling interest (non-GAAP) $47,696 $53,097 $167,561 $154,920 Operating cash flow conversion (GAAP)(1) 149% 1,610% 145% 218%Free cash flow conversion (non-GAAP) 116% 93% 102% 103% (1) Operating cash flow conversion is defined as net cash provided by operating activities divided by net earnings attributable to controlling interest.
WORTHINGTON ENTERPRISES, INC.
USE OF NON-GAAP FINANCIAL MEASURES AND DEFINITIONS
NON-GAAP FINANCIAL MEASURES. These materials include certain financial measures that are not calculated and presented in accordance with accounting principles generally accepted in the United States (“GAAP”). Non-GAAP financial measures typically exclude items that management believes are not reflective of, and thus should not be included when evaluating the performance of the company’s ongoing operations. Management uses these non-GAAP financial measures to evaluate ongoing performance, engage in financial and operational planning, and determine incentive compensation. Management believes these non-GAAP financial measures provide useful supplemental information regarding the performance of the company’s ongoing operations and should not be considered as an alternative to the comparable GAAP financial measure. Additionally, management believes these non-GAAP financial measures allow for meaningful comparisons and analysis of trends in the company’s businesses and enables investors to evaluate operations and future prospects in the same manner as management.
The following provides an explanation of each non-GAAP financial measure presented in these materials:
Adjusted operating income (loss) is defined as operating income (loss) excluding the items listed below, to the extent naturally included in operating income (loss).
Adjusted net earnings is defined as net earnings attributable to controlling interest excluding the after-tax effect of the excluded items outlined below.
Adjusted EPS – diluted is defined as adjusted net earnings divided by diluted weighted-average common shares outstanding for the applicable period.
Adjusted EBITDA is the measure by which management evaluates segment performance and overall profitability. EBITDA is defined as earnings before interest, taxes, depreciation, and amortization. Adjusted EBITDA excludes additional items including, but not limited to, those listed below, as well as other items that management believes are not reflective of, and thus should not be included when evaluating the performance of ongoing operations. Adjusted EBITDA also excludes stock-based compensation due to its non-cash nature, which is consistent with how management assesses operating performance and determines incentive compensation. At the segment level, adjusted EBITDA includes expense allocations for centralized corporate back-office functions that exist to support the day-to-day business operations. Public company and other governance costs are held at the corporate level within the unallocated corporate and other category.
Adjusted EBITDA margin is calculated by dividing adjusted EBITDA by net sales.
Free cash flow is a non-GAAP financial liquidity measure that is used by the company to assess its ability to generate cash beyond what is required for its business operations and capital expenditures. The company defines free cash flow as net cash flows from operating activities less investment in property, plant, and equipment.
Free cash flow conversion is a non-GAAP financial measure that is used by the company to measure how much of its adjusted net earnings attributable to controlling interest is converted into cash. The company defines free cash flow conversion as free cash flow divided by adjusted net earnings.
EXCLUSIONS FROM NON-GAAP FINANCIAL MEASURES
Management believes it is useful to exclude the following items from its non-GAAP financial measures for its own and investors’ assessment of the business for the reasons identified below. Additionally, management may exclude other items from non-GAAP financial measures that do not occur in the ordinary course of the company’s ongoing business operations and note them in the reconciliation from net earnings to the non-GAAP financial measure adjusted EBITDA.
Amortization of inventory step-up represents the increase in inventory fair value associated with the company’s acquisitions. The increase in inventory fair value is amortized to cost of sales over the period that the related inventory is sold. The amortization of inventory step-up is excluded because it is a non-cash expense that is not indicative of ongoing operating results.Impairment charges are excluded because they do not occur in the ordinary course of the company’s ongoing business operations, are inherently unpredictable in timing and amount, and are non-cash, which management believes facilitates the comparison of historical, current and forecasted financial results.Restructuring activities consist of established programs that are intended to fundamentally change the company’s operations, and as such are excluded from its non-GAAP financial measures. The company’s restructuring programs may include closing or consolidating production facilities or moving manufacturing of a product to another location, realignment of the management structure of a business unit in response to changing market conditions or general rationalization of headcount. The company’s restructuring activities generally give rise to employee-related costs, such as severance pay, and facility-related costs, such as exit costs and gains or losses on asset disposals but may include other incremental costs associated with the company’s restructuring activities. Restructuring and other expense, net, may also include other nonrecurring items included in operating income but incremental to the company’s normal business activities. These items are excluded because they are not indicative of the ongoing operations of the company’s underlying business.Non-cash (gains) losses in miscellaneous (income) expense are excluded due to their non-cash nature and the fact that they do not occur in the normal course of business and may obscure analysis of trends and financial performance.Non-recurring loss in equity income is excluded because it does not occur in the normal course of business and is inherently unpredictable in timing and amount. Sonya L. Higginbotham
Senior Vice President
Chief of Corporate Affairs, Communications and Sustainability
614.438.7391 [email protected]
Marcus A. Rogier
Treasurer and Investor Relations Officer
614.840.4663 [email protected]
200 Old Wilson Bridge Rd.
Columbus, Ohio 43085
WorthingtonEnterprises.com
Metalsource Mining oznámila nové výsledky vrtů na Silver Hill: vrt SH26-18 prodloužil mineralizaci asi o 28 metrů a potvrdil vysoce kvalitní koridor s 245 g/t AgEq na 11,8 metru.
Vancouver, British Columbia--(Newsfile Corp. - June 24, 2026) - Metalsource Mining Inc. (CSE: MSM) (OTCQB: MSMMF) (FSE: E9Z) ("Metalsource" or the "Company") is pleased to announce additional assay results from its ongoing exploration program at the Silver Hill Project. The latest results continue to strengthen confidence in the continuity of the Silver Hill polymetallic system, with successful step out drilling extending mineralization beyond historical workings while refining the Company's understanding of a newly identified high grade zone. Hole SH26-18 returned 11.8 metres grading 245 g/t silver equivalent ("AgEq"), including 833 g/t AgEq over 1.4 metres and 1,580 g/t AgEq over 0.64 metres, while extending mineralization approximately 28 metres south of previously reported hole SH26-08. The results further support management's belief that mineralization remains open along strike, down plunge and at depth, with multiple assays still pending from the current drill campaign.
SH26-17: Explores the northern edge of our recently identified high-grade zone which is locally internal to the widespread mineralization delineated thus far in the project. SH26-17 identifies the target horizon between 185.59 and 185.75m with combined Pb-Zn values up to 14.3%, demonstrating mineralization remains open to the north. Additionally, this result shows that local variation in width and grade are common at Silver Hill.
SH26-18: 28m south step out from SH26-08, demonstrating continuity of widespread mineralization and improved targeting of recently defined high grade plunging mineralization (47°/276°). Results of 32.5% combined Pb-Zn and 13.8g/t Au between 199.40 and 200.04m increases vector confidence for down plunge targeting.
These results continue to inform our understanding of the deposit morphology, grade variation, and orientation of internal high-grade plunging mineralization within the wider polymetallic footprint at Silver Hill. These are critical developments for improving exploration targeting.
Drill Hole IDFrom (m)To (m)Length (m)Au (g/t)Ag (g/t)Pb (%)Zn (%)Cu (%)AgEq (g/t)SH26-17185.59185.750.150.721.53.810.50.5292SH26-18199.40211.2311.831.434.32.25.40.1245Including199.40200.801.407.319.71.516.00.3833Including199.40200.040.6413.836.82.729.80.71,580Including208.94211.232.291.7152.79.816.00.4636Table 1: Composite assay results from SH26-17 and SH26-18. Widths reported are core length, as additional data is needed to estimate the true width of intercepts at this stage of the project. *Details on AgEq calculations below.
Figure 1: Panoramic photograph showing mineralization from SH26-18.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/12035/302620_e753ca4814e3c890_002full.jpg
Figure 2: Plan view of the Silver Hill project area showing the location of Pads 1-5. Transparent aerial image shows position of underground historic workings.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/12035/302620_e753ca4814e3c890_003full.jpg
Figure 3: Long section looking northeast (113°) showing intercept locations colored by AgEq. Black dots indicate intercepts with pending assays. Note: Small colored dots within historic workings are bulk samples taken by previous workers and are colored by AgEq.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/12035/302620_e753ca4814e3c890_004full.jpg
Joe Cullen, CEO of Metalsource Mining, commented:
"These results are significant because they continue to demonstrate continuity within the system while validating our evolving geological model. Hole SH26-18 successfully stepped out approximately 28 metres from Hole SH26-08 and intersected the same style of strong silver, gold, lead and zinc mineralization, giving us increasing confidence that we are tracking a coherent high-grade corridor rather than isolated pockets of mineralization.
What is becoming particularly compelling is the consistency of the metal assemblage. We continue to encounter strong silver and gold grades accompanied by robust lead and zinc values, a combination often associated with powerful mineralizing systems. As our understanding of the geometry improves, we believe we are becoming increasingly effective at vectoring toward the source of this potential mineralization.
The more we learn about Silver Hill, the more intrigued we become by what this system may ultimately hold. Mineralization remains open along strike, down plunge and at depth, and with drilling continuing and numerous assays still pending, we believe we are only beginning to understand the scale and potential of this historic district."
What's Next
Awaiting Multiple Drill Results: Numerous drill holes from the current campaign remain pending, including holes designed to test extensions of mineralization along strike, down plunge, and at depth.
Increasing Drilling Capacity: The Company is advancing plans to secure an additional drill rig, which is expected to accelerate testing of both known mineralization and newly identified exploration targets.
Evaluating Strategic Land Expansion: Metalsource is assessing opportunities to expand its land position in prospective areas identified through geological and geophysical analysis, strengthening its ability to explore district-scale potential.
Integrating New Data to Generate Additional Targets: The Company continues to combine recently completed IP survey results with ongoing drilling data and historical datasets. Early interpretations suggest additional exploration opportunities may exist beyond the currently defined mineralized footprint, with follow-up work underway to refine and prioritize future drill targets.
Advancing the Next Phase of Exploration: Building on the success of the current drilling campaign, Metalsource is actively pursuing several initiatives aimed at accelerating exploration and evaluating the broader potential of the Silver Hill district.
Positioned for Continued Growth: As drilling, geophysics, and geological interpretation continue to converge, the Company is gaining valuable vectoring information to guide future exploration and target generation. Management believes Silver Hill is entering an important phase of growth and looks forward to providing further updates as exploration progresses.
Why This Matters to Investors
Silver Hill is increasingly demonstrating the characteristics of an expanding polymetallic system rather than a series of isolated high-grade intercepts. The significance of Hole SH26-18 is not simply the grade returned, but that it successfully extended mineralization approximately 28 metres from a previously reported high grade intercept while confirming management's evolving geological model.
Each successful step out hole improves confidence in the continuity, geometry and scale of the mineralized system. As Metalsource continues to refine its understanding of the recently identified high grade plunge, drilling is becoming increasingly targeted and effective at testing extensions of known mineralization along strike, down plunge and at depth.
Importantly, mineralization remains open in multiple directions and a significant number of assays remain pending from the current campaign. Combined with the Company's ongoing geophysical work and plans to continue systematic step out drilling, management believes Silver Hill remains in the early stages of defining the full extent of a historic American polymetallic system.
The Company's objective remains straightforward: continue expanding the known mineralized footprint, advance toward an inaugural modern resource estimate, and evaluate the broader exploration potential of the Silver Hill district.
Drill Hole IDEasting (m)Northing (m)Elev. (m)AzimuthDipLength (m)StatusSH25-015724083951597224107-63109CompleteSH25-02572408395159722496-85101CompleteSH25-03572410395175123696-46305CompleteSH25-045724103951751236352-89100CompleteSH26-055722803951624262125-73199CompleteSH26-065722803951624262129-51154Assay PendingSH26-07572280395162426274-89200CompleteSH26-085722803951624262297-77231CompleteSH26-09572237395159026289-7015Abandoned SH26-10572237395159026291-76188CompleteSH26-11572237395159026226-83197CompleteSH26-125722373951590262293-84255Assay PendingSH26-135722373951590262145-82215Assay PendingSH26-145722373951590262125-67185Assay PendingSH26-155721683951658261107-79267CompleteSH26-16572168395165826185-76267CompleteSH26-17572168395165826194-61245CompleteSH26-185721683951658261120-70297CompleteSH26-195721683951658261131-76258Assay PendingSH26-205721683951658261133-80276Assay PendingSH26-215721683951658261168-86288Assay PendingSH26-225721683951658261111-86285Assay PendingSH26-23572168395165826171-87288Assay PendingSH26-24572168395165826155-84288Assay PendingTable 2: Drill collar locations and layout azimuth/dip for exploration drilling thus far at the Silver Hill Project. Collar survey in progress and will likely change reported collar elevations. Collar coordinates in WGS84 / UTMZ17N.Metalsource QA/QC protocols are maintained through the insertion of certified reference material (standards), blanks, and duplicates within the sample stream. The drill core is cut in half with a diamond saw, with one half placed in sealed bags and shipped to the laboratory and the other half retained on site. Chain of custody is maintained from the drill to the submittal into the laboratory preparation facility.
Analytical testing is performed by ALS Geochemistry (Reno, NV) and ALS Canada (Vancouver, BC). The entire sample is crushed to 70% passing 2mm mesh, with a 250 gram split pulverized to 85% passing minus 75 micron. A four-acid digest is performed on 0.25g of sample to quantitatively dissolve most geological materials. Analysis is performed with a combination of ICP-AES and ICP-MS and fire assay.
The exploration results described herein are preliminary in nature and are insufficient to define a mineral resource. Further drilling is required to determine the continuity, geometry, and grade distribution of mineralization. At the time of this release analytical results remain pending.
*Metal values used in AgEq calculations are from the 200-day moving average values from 2/6/2026, and all values are in USD. PAu= $124.5/g, PAg= $1.58/g, PCu= $4.9/lbs, PPb=$0.90/lbs, PZn=$1.11/lbs, 0.00220462262 = grams-to-pounds conversion factor, 22.0462262 = pounds per tonne for 1% metal. Metal recoveries used in the AgEq calculation are Au: 95.5%, Ag: 92.9%, Pb: 89.2%, Zn: 93.8% and Cu 90.8%. These recovery values are derived from batch metallurgical testing used to estimate recoveries of Silver Hill ores, completed in 1988. Individual metal values in the results table are composited values and not factored by recovery. Metal recoveries are applied to their respective component of the AgEq calculation only.
Further, the Company has granted an aggregate 500,000 restricted share units, valid for a term of three years, to consultants of the Company. The restricted share units are issued pursuant to the Company’s share compensation plans and are subject to vesting over a one-year term, in addition to a statutory hold period of four months and one day from issuance.
Qualified Person
All scientific and technical information has been reviewed and approved by Darcy Vis, B.Sc., P.Geo., President of Tripoint Geological Services Ltd., a contractor of the Company, and a Qualified Person as defined under National Instrument ("NI") 43-101 - Standards of Disclosure for Mineral Projects.
Silver Hill Project
Located in the Carolina Terrane, the property is underlain by volcaniclastic and volcano-sedimentary rocks predominantly of Neoproterozoic and Cambrian age. Current interpretations suggest this terrane is an extension of the Avalon Terrane. The property is 1,225 acres located in Davidson County, North Carolina. The property historically hosts the first significant discovery and first silver-producing mine in America and is supported by an extensive historic dataset, including drillhole data, underground mapping, historic dumps and underground chip samples. Currently known mineralization extends to 550m from surface, in a steeply trending series of lenses, which remain open in multiple directions. Recent surface sampling bolsters the historic dataset; results include SH25-003, which returned 444g/t Ag, 17.7 g/t Au, 8.61% Pb, and 0.507% Zn.
Byrd-Pilot Mountain Project
The Byrd-Pilot Mountain Project is located in central North Carolina within the Carolina Terrane. Initial USGS surveys in the 1980s identified the area as a potential host for a porphyry gold-copper system. Subsequent exploration demonstrated broad gold mineralization in soils, trenches, and shallow RC drilling, coincident with strong self-potential anomalies. Geology shows intense quartz-sericite-pyrite alteration, high-sulfidation signatures, and high-alumina minerals (like Haile and Brewer deposits to the south), suggesting potential for a large epithermal or porphyry-related gold system. Geologic modelling of currently identified mineralization indicates an east-west trend open in multiple directions, with oxidation noted down to a depth of 30m. No drilling has tested the Meridian discovery zone since those 1980s campaigns, leaving potential for significant resource expansion through work commitments of the agreement.
About Metalsource Mining Inc.
Metalsource Mining Inc. is a U.S.-focused precious and critical metals exploration company advancing the Silver Hill Project in North Carolina, widely recognized as the historic location of America's first silver mine. A historically producing mining district dating back to 1839, Silver Hill produced silver, gold, lead and zinc during the formative years of the American mining industry and remains one of the most historically significant mining assets in the United States.
The Company is focused on expanding known mineralization, advancing toward a modern resource estimate, and unlocking the broader potential of the Silver Hill district through systematic drilling, geological modeling and modern exploration techniques.
Metalsource Mining Inc.
America's First Silver Mine. Modern Exploration. Historic Opportunity.
For further information, please contact:
Joe Cullen CEO - Metalsource Mining Inc.
Tel: (778) 919-8615
Email: [email protected]
Cautionary Note About Forward-Looking Statements
This news release may include forward-looking statements that are subject to risks and uncertainties. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections, or conclusions will not prove to be accurate, that assumptions may not be correct, and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited those identified and reported in the Company's public filings under the Company's SEDAR profile at www.sedarplus.ca. Although the Company has attempted to identify important factors that could cause actual actions, events, or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.
Neither the CSE nor the Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/302620
Source: Metalsource Mining Inc.
Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
Axalta svolala mimořádnou valnou hromadu akcionářů na 5. srpna 2026 kvůli plánované fúzi všech akcií s AkzoNobel. Dokončení transakce stále čeká na schválení akcionáři a regulačními orgány.
PHILADELPHIA, June 24, 2026 (GLOBE NEWSWIRE) -- Axalta Coating Systems Ltd. (NYSE: AXTA) (“Axalta”) announces that yesterday the U.S. Securities and Exchange Commission declared effective the registration statement on Form F-4 filed by Akzo Nobel N.V. (“AkzoNobel”) in connection with the proposed all-share merger of equals between Axalta and AkzoNobel (the “Merger”).
Axalta has filed a definitive proxy statement and has scheduled a Special Meeting of Stockholders to be held at 9 a.m. EDT on Wednesday, August 5, 2026. The definitive proxy statement contains further details regarding the Merger and the matters to be considered by Axalta stockholders.
Completion of the Merger remains subject to approval by Axalta and AkzoNobel shareholders, receipt of required regulatory approvals and other customary closing conditions. Subject to satisfaction of those conditions, completion of the Merger is expected to occur at the end of 2026 or beginning of 2027.
The definitive proxy statement and other relevant materials are available on Axalta’s investor relations website.
About Axalta
Axalta is a global leader in the coatings industry, providing customers with innovative, colorful, beautiful and sustainable coatings solutions. From light vehicles, commercial vehicles and refinish applications to electric motors, building facades and other industrial applications, our coatings are designed to prevent corrosion, increase productivity and enhance durability. With more than 150 years of experience in the coatings industry, the global team at Axalta continues to find ways to serve our more than 100,000 customers in over 140 countries better every day with the finest coatings, application systems and technology. For more information visit axalta.com and follow us on LinkedIn.
General restrictions
This communication is not for release, publication, or distribution, in whole or in part, in or into, directly or indirectly, any jurisdiction in which such release, publication, or distribution would be unlawful.
This communication is not a prospectus and the information in this communication is not intended to be complete. This communication is for informational purposes only and is not intended to be and shall not constitute a solicitation of any vote or approval, or an offer to buy or sell, or the solicitation of an offer to buy or sell, any securities, or an invitation or recommendation to subscribe for, acquire or buy securities of AkzoNobel or Axalta or any other financial products or securities, in any place or jurisdiction, nor shall there be any offer, solicitation or sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended (the “Securities Act”).
Any decision to purchase, subscribe for, otherwise acquire, sell or otherwise dispose of any securities must be made only on the basis of the information contained in and incorporated by reference into the prospectus with respect to the shares to be allotted by AkzoNobel in the proposed transaction, which was published on June 24, 2026.
The distribution of this communication may, in some countries, be restricted by law or regulation. Accordingly, persons who come into possession of this document should inform themselves of and observe these restrictions. To the fullest extent permitted by applicable law, AkzoNobel and Axalta disclaim any responsibility or liability for the violation of any such restrictions by any person. Neither AkzoNobel, nor Axalta, nor any of their advisors assume any responsibility for any violation by any person of any of these restrictions. Shareholders of AkzoNobel and Axalta, respectively, with any doubt as to their position should consult an appropriate professional advisor without delay.
This communication is addressed to and directed only at, persons who are outside the United Kingdom or, in the United Kingdom, at persons who are: (i) persons having professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”), (ii) persons falling within Article 49(2)(a) to (d) of the Order, or (iii) persons to whom it may otherwise lawfully be communicated pursuant to the Order (all such persons together being referred to as, “Relevant Persons”). This communication is directed only at Relevant Persons. Other persons should not act or rely on this communication or any of its contents. Any investment or investment activity to which this communication relates is available only to Relevant Persons and will be engaged in only with such persons. Solicitations resulting from this communication will only be responded to if the person concerned is a Relevant Person.
Additional Information and Where to Find It
In connection with the proposed transaction between AkzoNobel and Axalta, AkzoNobel filed with the U.S. Securities and Exchange Commission (the “SEC”) a registration statement on Form F-4 on May 27, 2026, as amended on June 18, 2026, which included a proxy statement of Axalta that also constitutes a prospectus with respect to the shares to be offered by AkzoNobel in the proposed transaction. The registration statement was declared effective by the SEC on June 23, 2026. In connection with the proposed transaction, on June 24, 2026, Axalta filed with the SEC a definitive proxy statement and, on or about June 24, 2026, Axalta commenced mailing the definitive proxy statement to its holders of record as of June 11, 2026. Each of AkzoNobel and Axalta will also file other relevant documents in connection with the proposed transaction. This communication is not a substitute for any registration statement, proxy statement/prospectus or other documents AkzoNobel and/or Axalta may file with the SEC or any other competent regulator in connection with the proposed transaction. This communication does not contain all the information that should be considered concerning the proposed transaction and is not intended to form the basis of any investment decision or any other decision in respect of the proposed transaction. BEFORE MAKING ANY VOTING OR INVESTMENT DECISIONS, INVESTORS, STOCKHOLDERS AND SHAREHOLDERS OF AKZONOBEL AND AXALTA ARE URGED TO READ CAREFULLY AND IN THEIR ENTIRETY THE PROXY STATEMENT/PROSPECTUS, AS APPLICABLE, AND ANY OTHER RELEVANT DOCUMENTS THAT ARE FILED OR WILL BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, IN CONNECTION WITH THE PROPOSED TRANSACTION WHEN THEY BECOME AVAILABLE, AS THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT AKZONOBEL, AXALTA, THE PROPOSED TRANSACTION AND RELATED MATTERS. The registration statement and proxy statement/prospectus and other relevant documents filed by AkzoNobel and Axalta with the SEC are available free of charge at the SEC’s website at www.sec.gov. In addition, investors and shareholders will be able to obtain free copies of the proxy statement/prospectus and other documents filed with the SEC from Axalta’s investor relations webpage at https://ir.axalta.com/sec-filings/all-sec-filings or from AkzoNobel’s investor relations webpage at https://www.akzonobel.com/en/investors/all-sec-filings.
The contents of this communication should not be construed as financial, legal, business, investment, tax or other professional advice. Each recipient should consult with its own professional advisors for any such matter and advice.
Participants in the Solicitation
This communication is not a solicitation of proxies in connection with the proposed transaction. However, under SEC rules, AkzoNobel, Axalta and certain of their respective directors and executive officers and other members of their respective management and employees may be deemed to be participants in the solicitation of proxies in connection with the proposed transaction. Information regarding the persons who may, under the rules of the SEC, be deemed participants in the solicitation of proxies in connection with the proposed transaction, including a description of their direct or indirect interests in the proposed transaction, by security holdings or otherwise, is set forth in the definitive proxy statement/prospectus relating to the proposed transaction, which was filed with the SEC on June 24, 2026. Information about AkzoNobel’s supervisory board members and members of the board of management is set forth in AkzoNobel’s latest annual report, as filed with the AFM, the Dutch trade register and on its website at https://www.akzonobel.com/en/investors/results-center, and as updated from time to time via filings made by AkzoNobel with the AFM. Additional information regarding the interests of persons who may, under the rules of the SEC, be deemed participants in the solicitation of Axalta security holders in connection with the proposed transaction, which may, in some cases, be different than those of Axalta’s shareholders generally, including a description of their direct or indirect interests, by security holdings or otherwise, will be set forth in the proxy statement/prospectus and other relevant materials when they are filed with the SEC. These documents can be obtained free of charge from the sources indicated above.
Cautionary Statement Concerning Forward-Looking Statements
This communication contains forward-looking statements as that term is defined in Section 27A of the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995, regarding, among other things, statements about management’s expectations of AkzoNobel’s and Axalta’s future operating and financial performance, product development, market position, and business strategy. Such forward-looking statements can sometimes be identified by the use of forward-looking terms such as “believes,” “expects,” “may,” “will,” “shall,” “should,” “would,” “could,” “potential,” “seeks,” “aims,” “projects,” “predicts,” “is optimistic,” “intends,” “plans,” “estimates,” “targets,” “anticipates,” “continues” or other comparable terms or negatives of these terms, but not all forward-looking statements include such identifying words. You are cautioned not to rely on these forward-looking statements. Forward-looking statements are based upon current plans, estimates and expectations that are subject to risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. We can give no assurance that such plans, estimates or expectations will be achieved and therefore, actual results may differ materially from any plans, estimates or expectations in such forward-looking statements. Important factors that could cause actual results to differ materially from such plans, estimates or expectations include: a condition to the closing of the proposed transaction may not be satisfied; the occurrence of any event that can give rise to termination of the proposed transaction; a regulatory approval that may be required for the proposed transaction is delayed, is not obtained or is obtained subject to conditions that are not anticipated; AkzoNobel and Axalta are unable to achieve the synergies and value creation contemplated by the proposed transaction; AkzoNobel and Axalta are unable to promptly and effectively integrate their businesses; management’s time and attention is diverted on transaction related issues; the possibility that competing offers or acquisition proposals may be made; disruption from the proposed transaction makes it more difficult to maintain business, contractual and operational relationships; the credit ratings of AkzoNobel or Axalta decline following the proposed transaction; legal proceedings are instituted against AkzoNobel or Axalta, including resulting expense or delay; AkzoNobel or Axalta is unable to retain or hire key personnel; the communication or the consummation of the proposed acquisition has a negative effect on the market price of the capital stock of AkzoNobel or Axalta or on AkzoNobel’s or Axalta’s operating results; evolving legal, regulatory and tax regimes; changes in economic, financial, political and regulatory conditions, in the Netherlands, the United States and elsewhere, and other factors that contribute to uncertainty and volatility, natural and man-made disasters, civil unrest, pandemics (e.g., the coronavirus (COVID-19) pandemic), geopolitical uncertainty, and conditions that may result from legislative, regulatory, trade and policy changes associated with the current or subsequent United States or Netherlands administration; the ability of AkzoNobel or Axalta to successfully recover from a disaster or other business continuity problem due to a hurricane, flood, earthquake, terrorist attack, war, pandemic, security breach, cyber-attack, power loss, telecommunications failure or other natural or man-made event, including the ability to function remotely during long-term disruptions; the impact of public health crises, such as pandemics and epidemics and any related company or governmental policies and actions to protect the health and safety of individuals or governmental policies or actions to maintain the functioning of national or global economies and markets, including any quarantine, “shelter in place,” “stay at home,” workforce reduction, social distancing, shut down or similar actions and policies; actions by third parties, including government agencies; the risk that disruptions from the proposed transaction will harm AkzoNobel’s or Axalta’s business, including current plans and operations and/or divert management’s attention from AkzoNobel’s or Axalta’s ongoing business operations; certain restrictions during the pendency of the acquisition that may impact AkzoNobel’s or Axalta’s ability to pursue certain business opportunities or strategic transactions; AkzoNobel’s or Axalta’s ability to meet expectations regarding the accounting and tax treatments of the proposed transaction; the risks and uncertainties discussed in AkzoNobel’s latest annual report as filed with the AFM, the Dutch trade register and on its website at https://www.akzonobel.com/en/investors/results-center; and the risks and uncertainties discussed in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections in Axalta’s reports filed with the SEC. These risks, as well as other risks associated with the proposed transaction, are more fully discussed in the proxy statement/prospectus. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. We caution you not to place undue reliance on any of these forward-looking statements as they are not guarantees of future performance or outcomes and that actual performance and outcomes, including, without limitation, our actual results of operations, financial condition and liquidity, and the development of new markets or market segments in which we operate, may differ materially from those made in or suggested by the forward-looking statements contained in this communication. Except as required by law, neither AkzoNobel nor Axalta assumes any obligation to update or revise the information contained herein, which speaks only as of the date hereof.
Revolution Medicines zahájila fázi III studie RASolute 305 se zoldonrasibem v kombinaci s chemoterapií v první linii metastatického RAS G12D PDAC. Studie sleduje přežití bez progrese a celkové přežití.
Key Takeaways Revolution Medicines initiated phase III RASolute 305 in first-line metastatic RAS G12D PDAC.The study compares zoldonrasib plus chemotherapy against placebo plus standard chemotherapy.Co-primary endpoints are PFS and OS, with safety, efficacy and quality-of-life measures assessed. Revolution Medicines (RVMD - Free Report) announced that it has begun treating patients in the phase III RASolute 305 study, evaluating its pipeline candidate zoldonrasib in combination with chemotherapy in first-line metastatic RAS G12D pancreatic ductal adenocarcinoma (PDAC).
Zoldonrasib is RVMD’s investigational oral RAS(ON) G12D-selective inhibitor designed to suppress the active RAS G12D mutation, one of the most common oncogenic drivers across cancers. As no approved targeted therapies currently exist for RAS G12D-mutated tumors, the candidate represents a potentially significant treatment opportunity. Per management, zoldonrasib has shown encouraging antitumor activity and a favorable safety profile in early clinical studies.
Year to date, RVMD shares have skyrocketed 112.9% against the industry’s 0.1% decline.
Image Source: Zacks Investment Research
RVMD’s RASolute 305 Study Design & Key EndpointsIn the global late-stage RASolute 305 study, the participants are being given either zoldonrasib plus investigator-selected standard-of-care chemotherapy or placebo plus chemotherapy. Chemotherapy options include modified FOLFIRINOX or the combination of gemcitabine and nab-paclitaxel, both established frontline treatment regimens for metastatic pancreatic cancer.
The study’s co-primary endpoints are progression-free survival (PFS) and overall survival (OS). Secondary endpoints include additional measures such as antitumor efficacy, safety, tolerability and patient-reported outcomes assessing quality of life.
The study is designed to evaluate whether combining zoldonrasib with frontline chemotherapy can improve survival outcomes for patients with metastatic RAS G12D PDAC.
Pancreatic ductal adenocarcinoma, the most common form of pancreatic cancer, is often diagnosed at an advanced stage due to limited early symptoms and detection options. More than 90% of PDAC tumors harbor RAS mutations, with RAS G12D present in about 40% of patients and associated with particularly poor outcomes. Metastatic PDAC remains one of the deadliest cancers in the United States, with a five-year survival rate of around 3%.
Beyond pancreatic cancer, Zoldonrasib is being evaluated both as a standalone therapy and in combination with other treatments, including daraxonrasib and standard-of-care regimens, across multiple lung and gastrointestinal cancer indications.
RVMD Expands Late-Stage Presence in Metastatic PDACRevolution Medicines is advancing a broad pancreatic cancer portfolio built around its proprietary RAS(ON) inhibitor platform. The company's strategy spans both previously treated and first-line metastatic PDAC. In addition to the late-stage RASolute 305 study evaluating zoldonrasib in metastatic RAS G12D PDAC, the company is developing its lead pipeline candidate daraxonrasib in the ongoing phase III RASolute 303 study, as a monotherapy and in combination with chemotherapy for the first-line treatment of metastatic PDAC.
In April, the company announced positive top-line data from the phase III RASolute 302 study, which evaluated daraxonrasib, in previously treated metastatic PDAC patients. The study successfully met its primary endpoints, demonstrating significant improvements in both OS and PFS versus standard chemotherapy.
RVMD's Zacks Rank & Stocks to ConsiderRevolution Medicines currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the biotech sector are Indivior Pharmaceuticals (INDV - Free Report) , Liquidia Corporation (LQDA - Free Report) and Immunocore (IMCR - Free Report) , each currently sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Over the past 30 days, earnings per share estimates for Indivior Pharmaceuticals remained unchanged at $4.05 for 2026 and $4.27 for 2027. INDV shares have risen 11.3% year to date.
Indivior Pharmaceuticals’ earnings beat estimates in each of the trailing four quarters, with the average surprise being 65.44%.
Over the past 30 days, estimates for Liquidia’s earnings per share remained unchanged at $2.97 for 2026 and $4.81 for 2027. LQDA shares have gained 114.7% year to date.
Liquidia’s earnings beat estimates in three of the trailing four quarters and missed in the remaining one, with the average surprise being 54.40%.
Over the past 30 days, earnings per share estimates for Immunocore’s 2026 were unchanged at 6 cents for 2026 and 87 cents for 2027. IMCR shares have lost 16% year to date.
Immunocore’s earnings beat estimates in three of the trailing four quarters and missed in the remaining one, the average surprise being 46.66%.
Darden Restaurants vyhlíží výsledky za 4. fiskální čtvrtletí; trh odhaduje EPS 3,63 USD a tržby 3,73 miliardy USD, což znamená výrazný meziroční růst. Tahounem mají být Olive Garden a LongHorn Steakhouse.
Key Takeaways Darden is set to report Q4 results, with EPS and revenue estimates implying sharp YoY growth.Olive Garden and LongHorn sales momentum is expected to support Darden's Q4 revenues.Productivity gains and sales leverage may aid margins, while beef costs and investments could weigh. Darden Restaurants, Inc. (DRI - Free Report) is scheduled to report fourth-quarter fiscal 2026 results on June 25, before the opening bell.
In the last reported quarter, earnings met the Zacks Consensus Estimate, while revenues beat the same by 0.5%. DRI’s earnings beat the Zacks Consensus Estimate in one of the trailing four quarters, missed on two occasions, and met on one occasion, with an average surprise of negative 0.3%.
Trend in the Estimate Revision of DRIThe Zacks Consensus Estimate for fiscal fourth-quarter earnings per share (EPS) is $3.63, up 21.8% from $2.98 in the year-ago quarter.
For revenues, the consensus estimate is $3.73 billion. The projection implies a 14.2% rise from the year-ago quarter’s reported figure.
Let us take a look at how things might have shaped up in the quarter to be reported.
Factors Likely to Shape Darden’s Quarterly ResultsRevenues
Darden’s fiscal fourth-quarter performance is likely to have benefited from continued same-restaurant sales momentum across its portfolio, led by Olive Garden and LongHorn Steakhouse. Sales trends remained strong through the first three weeks of March, and management projected same-restaurant sales growth of 3.5%-5% for the quarter under review.
Olive Garden’s initiatives are expected to have supported guest traffic and sales growth in the to-be-reported quarter. The recently expanded lighter-portion menu, which added seven dishes priced below $15, has been generating higher guest frequency, stronger value scores and improved portion-size satisfaction ratings. Management also highlighted positive guest response to the Buy One, Take One promotion, which was extended by an additional week this year and supported with increased media spending.
LongHorn Steakhouse is likely to have remained a major growth driver. The brand posted 7.2% same-restaurant sales growth in the fiscal third quarter, aided by strong traffic gains, consistent food quality and favorable consumer value perception. Management emphasized that LongHorn continues to benefit from operational excellence and strong guest loyalty, trends that likely continued into the fiscal fourth quarter.
Fine Dining is also expected to have remained strong, supported by robust private dining demand at The Capital Grille and Eddie V’s, as well as continued traction from Ruth’s Chris Steak House’s fixed-price menu. Additionally, delivery and catering initiatives, particularly at Olive Garden, are likely to have supported top-line growth. New restaurant openings are also expected to have contributed to revenue growth. Darden opened 16 restaurants during the fiscal third quarter and remains on track to open approximately 70 new locations in fiscal 2026. The company’s updated outlook calls for total sales growth of approximately 9.5% for the year.
Our model predicts revenues from Olive Garden and LongHorn Steakhouse to rise 11% and 16%, respectively, year over year to $1.53 billion and $967.1 million. We expect revenues from fine dining to increase 7.1% year over year to $358.4 million.
Margins
Darden’s earnings performance in the fiscal fourth quarter is expected to have benefited from productivity improvements, labor efficiencies and sales leverage. In the previous quarter, restaurant labor benefited from productivity gains, while strong same-restaurant sales growth helped offset inflationary pressures. Continued traffic gains and disciplined cost management are likely to have supported profitability in the to-be-reported quarter.
Darden’s pricing strategy may also have weighed on margins. Management expects commodity inflation of approximately 4% for fiscal 2026, with beef remaining the primary cost headwind. In addition, ongoing investments in marketing, delivery capabilities and menu initiatives, including Olive Garden’s lighter-portion offerings, are likely to have weighed modestly on restaurant-level margins.
What Our Model Says About DRI StockOur proven model does conclusively predict an earnings beat for Darden this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is exactly the case here.
Earnings ESP for DRI: Darden has an Earnings ESP of +0.28%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Darden’s Zacks Rank: The company currently has a Zacks Rank #3.
Other Stocks Poised to Beat on EarningsHere are some stocks from the Zacks Retail-Wholesale sector that investors may consider, as our model shows that these too have the right combination of elements to post an earnings beat.
CAVA Group, Inc. (CAVA - Free Report) currently has an Earnings ESP of +2.71% and a Zacks Rank of 3. You can see the complete list of today’s Zacks #1 Rank stocks here.
In the to-be-reported quarter, CAVA’s earnings are expected to rise 6.3% year over year. CAVA’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed on one occasion, the average surprise being 16.6%.
Sweetgreen, Inc. (SG - Free Report) has an Earnings ESP of +23.08% and a Zacks Rank of 3 at present.
In the to-be-reported quarter, Sweetgreen’s earnings are expected to register 35% year-over-year growth. Sweetgreen’s earnings missed estimates in each of the trailing four quarters, with an average miss of 42.4%.
BJ's Restaurants, Inc. (BJRI - Free Report) has an Earnings ESP of +4.96% and a Zacks Rank of 3 at present.
In the to-be-reported quarter, BJRI earnings are expected to register an 11.3% year-over-year decline. BJRI’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed on one occasion, with an average surprise of 136%.
Amdocs rozšířil Store Genie do PLDT Home, kde agentní AI zkrátila dobu řešení zákaznických požadavků až o 98 %. Systém už běží napříč Smart a PLDT Home.
Store Genie is already delivering strong results at Smart Communications, helping modernize retail and frontline operations. Built on Amdocs aOS with Amazon Bedrock AgentCore, the solution now helps reduce customer resolution time by up to 98% at PLDT Home
JERSEY CITY, NJ / ACCESS Newswire / June 23, 2026 / Amdocs (NASDAQ:DOX), a leading provider of software and services to communications and media companies, today announced the successful deployment of Store Genie, its agentic AI-powered customer service solution, for PLDT Home, the wireline and broadband division of PLDT Inc., a leading telecommunications and digital service provider in the Philippines. The deployment transforms customer engagement and service operations across PLDT Home's nationwide sales and service centers and builds on the successful rollout of Store Genie at Smart Communications, the wireless subsidiary of PLDT, announced earlier this year, where the solution is already helping modernize retail and frontline operations through agentic AI-powered automation and intelligence.
Powered by Amdocs' aOS, an agentic operating system purpose-built for telecommunications, and built on Amazon Web Services (AWS) using Amazon Bedrock AgentCore Gateway for multi-agent orchestration, Store Genie now operates across both Smart and PLDT Home, serving over 750 frontline agents across 149 locations. The solution orchestrates multiple purpose-built AI agents specializing in billing, provisioning, network, and payment workflows that collaborate in real time to diagnose and resolve customer issues without manual escalation. Amazon Bedrock AgentCore Gateway connects these agents directly to PLDT's existing BSS/OSS systems through a unified endpoint, requiring no transformation of underlying APIs.
The deployment at PLDT Home introduces new broadband-specific use cases, including order inquiry and triage, OTT subscription activation, service request cancellation, and end-to-end order visibility. Processes that previously took hours can now be completed in minutes, with order inquiries reduced from 10 hours to two minutes, OTT subscription activations from 12 hours to two minutes, and service request cancellations from five hours to two minutes. Leveraging multi-model AI architecture, the solution has achieved a 95% reduction in token costs while continuously improving resolution accuracy through self-learning capabilities.
Since its deployment at Smart in March this year, Store Genie has helped avoid more than 61,000 hours of customer wait time, resolved over 44,000 customer inquiries through AI agents, increased frontline productivity by 25%, and reduced escalation tickets by 50% across Smart and PLDT Home operations. Frontline teams now work through a single natural-language interface that replaces four applications and ten separate screens previously required to serve a customer.
"At PLDT Home, we are focused on delivering simpler, faster, and more seamless experiences for our customers while empowering our frontline teams with the tools they need to serve them effectively," said John Palanca, Senior Vice President, PLDT Head of Home Consumer Business. "By leveraging Store Genie, we are embedding agentic AI directly into our customer-facing operations, enabling real-time resolution of customer requests, improving operational efficiency, and creating a more connected experience for customers across our nationwide service network."
"The next generation of AI is about orchestrating specialized agents that can reason, act, and collaborate across enterprise workflows," said Ishwar Parulkar, Chief Technolgist, Telco at AWS. "Store Genie demonstrates how organizations can leverage Amazon Bedrock AgentCore to deploy and scale agentic AI in production environments, delivering measurable business outcomes while reducing operational complexity."
"There's no doubt that the growing adoption of agentic transformation is improving outcomes across key telecom domains; from care to commerce, IT operations to network management," said Anthony Goonetilleke, Group President of Technology and Head of Strategy at Amdocs. "Yet, as AI agents tackle increasingly complex telecom processes, the value grows disproportionately when deployed across channels, teams, and lines of business. The expansion of Store Genie to PLDT Home, delivered in under eight weeks, demonstrates how communications service providers can rapidly scale AI with Amdocs aOS - from a single customer touchpoint to broader enterprise operations. What began in retail now serves as a foundation for intelligent customer engagement across the business, powered by a common, scalable architecture."
Supporting Resources
Learn more about aOS, here
Keep up with Amdocs news by visiting the company's website
Follow us on X, Facebook, LinkedIn, and YouTube
About Amdocs
Amdocs helps the world's leading communications and media companies deliver exceptional customer experiences through reliable, efficient, and secure operations at scale. We provide software products and services that embed intelligence into how work runs across business, IT, and network domains - delivering measurable outcomes in customer experience, network performance, cloud modernization, and revenue growth. With our talented people, and more than 40 years of experience running mission-critical systems around the globe, Amdocs runs billions of transactions daily. Our technology is relied on every day, connecting people worldwide and advancing a more inclusive, connected world. Together, we help those who shape the future to make it amazing. Amdocs is listed on the NASDAQ Global Select Market (NASDAQ:DOX) and reported revenue of $4.53 billion in fiscal 2025. For more information, visit www.amdocs.com.
Amdocs' Forward-Looking Statement
This press release includes information that constitutes forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995, including statements about Amdocs' growth and business results in future quarters and years. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be obtained or that any deviations will not be material. Such statements involve risks and uncertainties that may cause future results to differ from those anticipated. These risks include, but are not limited to, the effects of general macroeconomic conditions, prevailing level of macroeconomic, business and operational uncertainty, including as a result of geopolitical events or other regional events or pandemics, changes to trade policies including tariffs and trade restrictions, as well as the current inflationary environment, and the effects of these conditions on the Company's customers' businesses and levels of business activity, including the effect of the current economic uncertainty and industry pressure on the spending decisions of the Company's customers. Amdocs' ability to grow in the business markets that it serves, Amdocs' ability to successfully integrate acquired businesses, adverse effects of market competition, rapid technological shifts that may render the Company's products and services obsolete, security incidents, including breaches and cyberattacks to our systems and networks and those of our partners or customers, potential loss of a major customer, our ability to develop long-term relationships with our customers, our ability to successfully and effectively implement artificial intelligence and Generative AI in the Company's offerings and operations, and risks associated with operating businesses in the international market. Amdocs may elect to update these forward-looking statements at some point in the future; however, Amdocs specifically disclaims any obligation to do so. These and other risks are discussed at greater length in Amdocs' filings with the Securities and Exchange Commission, including in our Annual Report on Form 20-F for the fiscal year ended September 30, 2025, filed on December 15, 2025, for the first quarter of fiscal 2026 on February 17, 2026, and for the second quarter of fiscal 2026 on May 26, 2026.
Amdocs bude podporovat digitální transformaci Three Scandinavia ve Švédsku a Dánsku. Nasadí svou Customer Engagement Platform pro sjednocení marketingu, prodeje a služeb.
Transformation program to be delivered on the Amdocs Customer Engagement Platform, part of aOS agentic operating system, enabling a unified, AI-native, future-ready engagement foundation
JERSEY CITY, NJ / ACCESS Newswire / June 24, 2026 / Amdocs (NASDAQ:DOX), a leading provider of software and services for communications and media companies, today announced that telecom operator Three Scandinavia has selected Amdocs as a strategic partner to support parts of its ongoing business and digital transformation across Sweden and Denmark.
The program is focused on simplifying and modernizing selected customer engagement and commerce capabilities, supporting more consistent and efficient operations across the Nordic markets.
As part of the engagement, Amdocs will deploy its Customer Engagement Platform to help consolidate key processes across marketing, sales and service, enabling more seamless omnichannel experiences and improved operational efficiency. The approach is designed to be implemented in phases, allowing Three Scandinavia to continue to deliver products, services and improvements to customers throughout the transformation.
The initiative will also enable improved use of data and automation to support better decision-making and more streamlined workflows across the customer lifecycle, across both consumer and business segments where relevant.
"Three Scandinavia has always been a challenger in the market, and together with Amdocs we are ready to take the next step to offer our customers a better experience. Through this program, we are taking further steps to simplify how we operate and strengthen the experience we provide to our customers," said Rajib Eklund, CTIO at Three Scandinavia. "The focus is on building a more scalable and efficient foundation while continuing to develop our commercial offering and maintain momentum in the market."
"Three Scandinavia has a clear ambition to simplify its operations and enhance customer engagement across its Nordic footprint," said Anthony Goonetilleke, Group President of Technology and Head of Strategy at Amdocs. "We are pleased to support this journey with our platform and telecom expertise, helping to enable more efficient processes and improved customer experiences."
Supporting Resources
Learn more about aOS, here
Read more about Amdocs' Customer Engagement Platform, here
Keep up with Amdocs news by visiting the company's website
Follow us on X, Facebook, LinkedIn, and YouTube
About Amdocs
Amdocs helps the world's leading communications and media companies deliver exceptional customer experiences through reliable, efficient, and secure operations at scale. We provide software products and services that embed intelligence into how work runs across business, IT, and network domains - delivering measurable outcomes in customer experience, network performance, cloud modernization, and revenue growth. With our talented people, and more than 40 years of experience running mission-critical systems around the globe, Amdocs runs billions of transactions daily. Our technology is relied on every day, connecting people worldwide and advancing a more inclusive, connected world. Together, we help those who shape the future to make it amazing. Amdocs is listed on the NASDAQ Global Select Market (NASDAQ: DOX) and reported revenue of $4.53 billion in fiscal 2025. For more information, visit www.amdocs.com.
Amdocs' Forward-Looking Statement
This press release includes information that constitutes forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995, including statements about Amdocs' growth and business results in future quarters and years. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be obtained or that any deviations will not be material. Such statements involve risks and uncertainties that may cause future results to differ from those anticipated. These risks include, but are not limited to, the effects of general macroeconomic conditions, prevailing level of macroeconomic, business and operational uncertainty, including as a result of geopolitical events or other regional events or pandemics, changes to trade policies including tariffs and trade restrictions, as well as the current inflationary environment, and the effects of these conditions on the Company's customers' businesses and levels of business activity, including the effect of the current economic uncertainty and industry pressure on the spending decisions of the Company's customers. Amdocs' ability to grow in the business markets that it serves, Amdocs' ability to successfully integrate acquired businesses, adverse effects of market competition, rapid technological shifts that may render the Company's products and services obsolete, security incidents, including breaches and cyberattacks to our systems and networks and those of our partners or customers, potential loss of a major customer, our ability to develop long-term relationships with our customers, our ability to successfully and effectively implement artificial intelligence and Generative AI in the Company's offerings and operations, and risks associated with operating businesses in the international market. Amdocs may elect to update these forward-looking statements at some point in the future; however, Amdocs specifically disclaims any obligation to do so. These and other risks are discussed at greater length in Amdocs' filings with the Securities and Exchange Commission, including in our Annual Report on Form 20-F for the fiscal year ended September 30, 2025, filed on December 15, 2025, for the first quarter of fiscal 2026 on February 17, 2026, and for the second quarter of fiscal 2026 on May 26, 2026.
Primoris snížil výhled na rok 2026 kvůli dalším překročením nákladů a zpožděním v divizi Renewables; očekává výnosy divize Renewables kolem 2,1 mld. USD. COO Jeremy Kinch odešel a akcie klesly o 37,34 %.
Primoris stock is testing lower boundaries. Why did PRIM hit a new low? Jeremy Kinch departed from the COO role effective today. While the company conducts a search for a permanent successor, President and CEO Koti Vadlamudi will assume most COO responsibilities in the interim. “The Company thanks Jeremy for his contributions and wishes him well on his future endeavors,” Vadlamudi said.
Guidance CutThe guidance reduction stems from additional cost overruns and delays in the company’s Renewables business, identified through continued project progress and an ongoing assessment by a third-party industry expert. The overruns are primarily related to six previously disclosed projects. Primoris now expects full-year 2026 Renewables revenue of approximately $2.1 billion, down from approximately $3.0 billion in 2025.
For the full year 2026, the company now expects net income of $71.00 million to $101.00 million, EPS of $1.30 to $1.85 per fully diluted share, adjusted EPS of $2.05 to $2.60 and adjusted EBITDA of $275.00 to $325.00 million. The majority of the impact is expected to be reflected in second-quarter results.
“While we are disappointed by the additional costs experienced on a limited number of projects in our Renewables business, we remain confident in the long-term growth opportunities in our Renewables business and Primoris broadly,” said Vadlamudi.
The Silver LiningPrimoris Shares FallPRIM Price Action: At the time of publication, Primoris shares are trading 37.34% lower at $67.89, according to data from Benzinga Pro.
This illustration was generated using artificial intelligence via Midjourney.
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Market News and Data brought to you by Benzinga APIs
Casey’s ve fiskálním roce 2026 zvýšila srovnatelné tržby o 10,2 % a zisk z paliv o 21 % na 1,50 miliardy USD. Firma zároveň přidala 198 obchodů a plánuje otevřít alespoň 120 v roce 2027.
Key Takeaways CASY fiscal 2026 inside sales rose 10.2%, with same-store sales up 4.2% and margin at 42.2%.CASY fuel gross profit rose 21% to $1.50 billion as gallons sold and fuel margins increased.CASY added 198 stores via Fikes and plans to open at least 120 stores in fiscal 2027. Casey’s General Stores, Inc. (CASY - Free Report) enters fiscal 2027 with momentum across its core convenience-store model. The stock outlook rests on whether inside sales, fuel profitability and unit growth can keep supporting earnings.
The company’s latest operating results show a business that is broadening its profit base while still relying on fuel as a key traffic driver.
Casey’s Business Mix Drives StabilityCasey’s operates 2,944 stores across 19 states, with about 71% located in areas with populations below 20,000. That small-community footprint remains central to its store economics.
The company generates revenue from retail fuel, grocery and general merchandise, prepared food and dispensed beverages, plus other businesses such as wholesale fuel and car washes. This mix gives Casey’s several profit levers rather than dependence on one category.
CASY Inside Sales Keep BuildingInside sales remain a key part of the CASY story. In fiscal 2026, total inside sales increased 10.2%, while inside same-store sales rose 4.2%, supported by whole pizzas, non-alcoholic beverages and category innovation.
The margin picture also improved. Inside margin expanded 70 basis points year over year to 42.2%, reflecting better vendor execution, cost-of-goods management and a favorable product mix.
Casey’s Fuel Segment Adds Earnings PowerFuel continues to matter for both traffic and earnings. Fiscal 2026 retail fuel gallons sold increased 10% to 3.52 billion gallons, helped by store growth and the full-year contribution from Fikes locations.
Average fuel margin rose to 42.6 cents per gallon from 38.7 cents in fiscal 2025. Fuel gross profit increased 21% to $1.50 billion, showing that Casey’s benefited from both volume and stronger fuel economics.
CASY Expansion Keeps the Growth Story AliveThe Fikes and CEFCO acquisition is reshaping Casey’s scale. The company added 198 stores through the transaction and expanded its wholesale fuel exposure.
Casey’s opened 80 stores in fiscal 2026, evenly split between acquisitions and new builds, and converted 50 CEFCO stores to the Casey’s brand. Management expects to open at least 120 stores in fiscal 2027 through a mix of mergers and acquisitions and new construction.
Image Source: Zacks Investment Research
Casey’s Risks Still Deserve AttentionThe growth outlook carries cost pressure. Operating expenses rose 11.2% in fiscal 2026 to $2.84 billion, driven partly by more stores, labor, credit card fees and incentive-related expenses.
Interest expense is another watch item. Net interest expense increased 15.1% in fiscal 2026 to $96.6 million, mainly tied to debt used to partly fund the Fikes acquisition.
Competition also remains intense. Walmart Inc. (WMT - Free Report) is relevant to Casey’s investment context because it competes for consumer spending across grocery, general merchandise and value-focused retail formats. Costco Wholesale Corporation (COST - Free Report) adds another comparison point because its warehouse-club model and fuel offering keep it tied to both consumer traffic and fuel-price sensitivity.
CASY Signals Support a Bullish LensThe bottom line is that Casey’s has multiple growth drivers, but the stock outlook depends on execution. Inside sales growth, fuel margins and store expansion need to offset higher operating costs and interest expense.
CASY currently carries a Zacks Rank #1 (Strong Buy). That rank signals positive earnings estimate momentum and supports a favorable near-term view of the stock. You can see the complete list of today’s Zacks #1 Rank stocks here.
The stock also has a Value Score of A. For investors focused on valuation, that score suggests Casey’s screens well on value-oriented metrics, especially when considered alongside its top Zacks Rank.
Oceaneering oznámila soukromou nabídku seniorních nezajištěných dluhopisů v objemu 500 milionů USD se splatností v roce 2034. Výnosy chce použít na nákup všech 6,000% seniorních dluhopisů splatných v roce 2028; pokud se nabídka neuskuteční nebo výnosy přesáhnou částku potřebnou k vypořádání odkupu, zbytek použije na obecné korporátní účely.
HOUSTON--(BUSINESS WIRE)--Oceaneering International, Inc. (“Oceaneering”) (NYSE: OII) announced today that it intends to offer $500,000,000 aggregate principal amount of Senior Notes due 2034 (the “2034 Notes”) in a private placement to eligible purchasers.
Oceaneering intends to use the net proceeds from the proposed offering, together with cash on hand, if necessary, to fund the purchase of any and all of its 6.000% Senior Notes due 2028 (the “Tender Notes”) validly tendered and accepted for purchase in the concurrent cash tender offer announced today (the “Tender Offer”). If the Tender Offer is not consummated or the net proceeds from the offering exceed the total consideration payable in the Tender Offer, Oceaneering intends to use the remaining net proceeds from the offering for general corporate purposes, which may include the repayment, redemption, or repurchase of outstanding indebtedness.
The 2034 Notes will be offered and sold to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to non-U.S. persons outside the United States pursuant to Regulation S under the Securities Act. The offer and sale of the 2034 Notes have not been registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Any offers of the 2034 Notes will be made in the United States only by means of a private offering memorandum pursuant to Rule 144A under the Securities Act and to non-U.S. persons outside the United States pursuant to Regulation S under the Securities Act.
This press release does not constitute an offer to purchase or a solicitation of an offer to sell any of the Tender Notes. The Tender Offer is being made only by and pursuant to, and on the terms and conditions set forth in, the Offer to Purchase dated June 24, 2026.
This release contains “forward-looking statements,” as defined in the Private Securities Litigation Reform Act of 1995, including, without limitation, statements concerning Oceaneering’s proposed offering of the 2034 Notes, the intended use of proceeds therefrom, and other matters relating to the proposed offering and the Tender Offer. The forward-looking statements included in this release are based on Oceaneering's current expectations and are subject to certain risks, assumptions, trends, and uncertainties that could cause actual results to differ materially from those indicated by the forward-looking statements. For a more complete discussion of these and other risk factors, please see Oceaneering’s latest annual report on Form 10-K and subsequent quarterly report on Form 10-Q filed with the U.S. Securities and Exchange Commission. You should not place undue reliance on forward-looking statements. Except to the extent required by applicable law, Oceaneering undertakes no obligation to update or revise any forward-looking statement.
About Oceaneering
Oceaneering is a global technology company delivering engineered services and products and robotic solutions to the offshore energy, defense, aerospace, and manufacturing industries.
Oceaneering zahájila hotovostní nabídku na odkup všech svých 6,000% senior notes splatných v roce 2028 v objemu 500 milionů USD. Nabídka má skončit 30. června 2026.
HOUSTON--(BUSINESS WIRE)--Oceaneering International, Inc. (“Oceaneering”) (NYSE: OII) announced today that it has commenced a cash tender offer to purchase any and all of its outstanding 6.000% Senior Notes due 2028 (the “Notes”) for the consideration described below.
Title of Security
CUSIP Numbers(2)
Aggregate Principal Amount
Outstanding
U.S. Treasury Reference Security
Bloomberg Reference Page
Fixed Spread (basis points)
6.000% Senior Notes due 2028(1)
675232 AB8
675232 AD4
$500,000,000
3.50% UST due October 31, 2027
FIT4
40
The purchase price for each $1,000 principal amount of Notes validly tendered (the "Purchase Price"), and not validly withdrawn, and accepted for purchase pursuant to the tender offer will be determined in the manner described in the Offer to Purchase dated June 24, 2026 (the "Offer to Purchase”). This determination will be made by reference to the fixed spread specified above, plus the yield to maturity based on the bid-side price of the U.S. Treasury Reference Security specified above, as quoted on the Bloomberg Bond Trader FIT4 series of pages at 2:00 p.m., New York City time, on June 30, 2026, the date on which the tender offer is currently scheduled to expire. The Purchase Price will be calculated based on a yield to October 31, 2027, and assuming the Notes are redeemed on October 31, 2027, at the specified redemption price for such date of 100.000% of the principal amount, as described in the Offer to Purchase.
The tender offer will expire at 5:00 p.m., New York City time, on June 30, 2026, unless extended or earlier terminated (the “Expiration Time”). Holders who have validly tendered their Notes may withdraw such Notes at any time (i) at or prior to the earlier of (x) the Expiration Time and (y) in the event the tender offer is extended, the tenth business day after the date hereof, and (ii) after the 60th business day after the date hereof if for any reason the tender offer has not been consummated within 60 business days of the date hereof. The delivery of Notes tendered by guaranteed delivery procedures must be made no later than 5:00 p.m., New York City time, on July 2, 2026. Oceaneering expects to pay the consideration for Notes validly tendered and not validly withdrawn at or prior to the Expiration Time and accepted for purchase by it or tendered and delivered through the guaranteed delivery procedures on July 6, 2026, the third business day following the Expiration Time (the “Settlement Date”). The tender offer is conditioned upon the satisfaction or waiver of certain conditions, including Oceaneering’s completion of one or more debt financing transactions on terms satisfactory to it. The tender offer is not conditioned upon any minimum amount of Notes being tendered.
The complete terms and conditions of the tender offer are set forth in the Offer to Purchase and in the related Notice of Guaranteed Delivery, along with any amendments and supplements thereto, which holders are urged to read carefully before making any decision with respect to the tender offer. Oceaneering has retained J.P. Morgan Securities LLC as dealer manager (the “Dealer Manager”) in connection with the tender offer. Copies of the Offer to Purchase and the related Notice of Guaranteed Delivery may be obtained from Global Bondholder Services Corporation, the Depositary and Information Agent for the tender offer, by phone at (212) 430-3774 (banks and brokers) or (855) 654-2014 (toll-free), by email at [email protected] or online at https://gbsc-usa.com/oii/. Questions regarding the tender offer may also be directed to the Dealer Manager at +1 (866) 834-4666 (toll free) or +1 (212) 834-4818 (collect).
This press release is neither an offer to purchase nor a solicitation of an offer to sell the Notes. The tender offer is being made only by, and pursuant to the terms of, the Offer to Purchase and the related Notice of Guaranteed Delivery. The tender offer is not being made in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky, or other laws of such jurisdiction. In any jurisdiction where the laws require the tender offer to be made on Oceaneering’s behalf by a licensed broker or dealer and the Dealer Manager or one of the Dealer Manager’s affiliates is such a licensed broker or dealer in any such jurisdiction, the tender offer will be deemed to be made by the Dealer Manager or affiliate, as the case may be, on behalf of Oceaneering. None of Oceaneering, the Depositary and Information Agent, or the Dealer Manager, or any of their affiliates, makes any recommendation as to whether holders should tender or refrain from tendering all or any portion of their Notes in response to the tender offer. This press release is neither an offer to sell nor a solicitation of an offer to buy any securities or other financial instrument that constitute financing for the tender offer.
This release contains “forward-looking statements,” as defined in the Private Securities Litigation Reform Act of 1995, including, without limitation, statements concerning the expected timing for expiration and settlement of the tender offer, the conditions to the tender offer, and other matters relating to the tender offer and any debt financing transactions. The forward-looking statements included in this release are based on Oceaneering's current expectations and are subject to certain risks, assumptions, trends, and uncertainties that could cause actual results to differ materially from those indicated by the forward-looking statements. For a more complete discussion of these and other risk factors, please see Oceaneering’s latest annual report on Form 10-K and subsequent quarterly report on Form 10-Q filed with the U.S. Securities and Exchange Commission. You should not place undue reliance on forward-looking statements. Except to the extent required by applicable law, Oceaneering undertakes no obligation to update or revise any forward-looking statement.
About Oceaneering
Oceaneering is a global technology company delivering engineered services and products and robotic solutions to the offshore energy, defense, aerospace, and manufacturing industries.
Getty Images uzavřela víceletou dohodu s OpenAI, která přinese její licencovaný obsah do vyhledávání a objevování v ChatGPT. Obsah Getty Images se tak zobrazí v rámci vizuálních odpovědí.
Multi-year agreement brings Getty Images’ licensed content into OpenAI search and discovery experiences in ChatGPT June 21, 2026 20:00 ET | Source: Getty Images, Inc.
NEW YORK, June 21, 2026 (GLOBE NEWSWIRE) -- Getty Images (NYSE: GETY), a preeminent global visual content creator and marketplace, today announced a display agreement with OpenAI. Under the partnership Getty Images’ licensed content libraries will appear across OpenAI search and discovery experiences within ChatGPT.
The agreement enables the use of Getty Images’ content for display within ChatGPT, enhancing the richness of visual responses.
“High-quality, licensed visual content makes AI-powered search and discovery more useful and more trustworthy. This partnership with OpenAI reflects a shared recognition of that, and together we will deliver richer visual experiences to ChatGPT users,” said Craig Peters, Chief Executive Officer at Getty Images.
About Getty Images
Getty Images (NYSE: GETY) is a preeminent global visual content creator and marketplace that offers a full range of content solutions to meet the needs of any customer around the globe, no matter their size. Through its Getty Images, iStock and Unsplash brands, websites and APIs, Getty Images serves customers in almost every country in the world and is the first-place people turn to discover, purchase and share powerful visual content from the world’s best photographers and videographers. Getty Images works with almost 600,000 content creators and almost 360 content partners to deliver this powerful and comprehensive content. Each year Getty Images covers more than 160,000 news, sport and entertainment events providing depth and breadth of coverage that is unmatched. Getty Images maintains one of the largest and best privately-owned photographic archives in the world with millions of images dating back to the beginning of photography.
Through its best-in-class creative library and Custom Content solutions, Getty Images helps customers elevate their creativity and entire end‑to‑end creative process to find the right visual for any need. With the adoption and distribution of generative AI technologies and tools trained on permissioned content that include indemnification and perpetual, worldwide usage rights, Getty Images and iStock customers can use text to image generation to ideate and create commercially safe compelling visuals, further expanding Getty Images capabilities to deliver exactly what customers are looking for.
For company news and announcements, visit our Newsroom.
Diamond Equity Research zahájila pokrytí Allied Critical Metals a vyzdvihla jeho portugalské wolframové projekty Borralha a Vila Verde. U Borralhy uvedla NPV po zdanění kolem C$473 milionů a IRR 48,8 %.
New York, June 22, 2026 (GLOBE NEWSWIRE) -- Diamond Equity Research LLC, an equity research firm with a focus on small capitalization public companies has initiated coverage of Allied Critical Metals Inc. (CSE: ACM) (OTCQB: ACMIF) (FSE: 0VJ0). The research summary below is from a report commissioned by Allied Critical Metals Inc. and produced by Diamond Equity Research. The in-depth 40-page initiation report includes detailed information on Allied Critical Metal’s business model, services, industry overview, financials, management profile, and risks.
The full research report is available below.
Allied Critical Metals Initiation of Coverage
Highlights from the report include:
Strategic Exposure to a Structurally Tight and Geopolitically Critical Tungsten Market: Allied Critical Metals provides direct exposure to tungsten, a strategically important critical mineral increasingly essential across defense, semiconductors, aerospace, industrial tooling, energy infrastructure, and next-generation technologies. With China controlling approximately 79% of global tungsten supply and Western governments implementing restrictions on Chinese tungsten sourcing, non-Chinese supply sources are becoming increasingly valuable. The company’s Portugal-based tungsten portfolio positions ACM as a potential strategic supplier into emerging Western critical mineral supply chains amid tightening global supply conditions and rising geopolitical focus on resource security.Strategic Positioning Within European Critical Raw Materials Policy: ACM's Portuguese tungsten assets are uniquely positioned within the European Union's drive to secure domestic supplies of critical and strategic raw materials under the Critical Raw Materials Act (CRMA). Portugal is currently the European Union's largest producer of tungsten concentrate and is widely recognized as one of the few jurisdictions capable of materially increasing domestic tungsten production in the coming years. Borralha and Vila Verde therefore represent potential strategic contributors to European industrial resilience, defence supply chains and long-term resource security. This positioning has been formally recognized by idD Portugal Defence, the Portuguese public entity overseeing the nation's Defence Industry, which issued ACM a Letter of Recognition endorsing the Borralha Project as a strategic initiative of national importance and acknowledging the Company's leadership role in re-establishing tungsten production in Portugal. Borralha Represents a Large-Scale, PEA-Stage Tungsten Development Asset with Strong Economic Basis: The Borralha Tungsten Project provides ACM with a defined resource-backed development platform supported by an updated 2025 Mineral Resource Estimate of 13.0 Mt Measured & Indicated grading 0.21% WO₃ and 7.7 Mt Inferred grading 0.18% WO₃. The April 2026 PEA demonstrated robust economics across multiple pricing scenarios, including an after-tax NPV(8%) of approximately C$473 million and an IRR of 48.8% under the medium-case tungsten price assumption. Importantly, the PEA was completed using tungsten price assumptions materially below prevailing market prices. The study’s medium-case scenario was based on approximately US$1,000/mtu WO₃, while the high-case scenario used US$1,500/mtu WO₃, both of which remain substantially below recent spot prices that have exceeded US$3,000/mtu during 2026. Favourable Permitting Positioning: Borralha is one of the most advanced undeveloped tungsten projects in Europe from a permitting perspective. The Project has received a favourable Environmental Impact Declaration (DIA) from the Portuguese environmental authorities, significantly reducing permitting risk and positioning the Project to advance toward the next stages of engineering, environmental compliance and feasibility development. Santa Helena Breccia Supports Scalable Underground Mining Optionality Beyond Traditional Narrow Vein Tungsten Deposits: Borralha’s Santa Helena Breccia system materially differentiates the project from many conventional narrow-vein tungsten operations. The breccia system demonstrates widths of up to 200 meters, strike length exceeding 600 meters, and remains open at depth, supporting potential scalability through bulk underground mining methods. Wide mineralized intercepts together with localized high-grade zones support operational flexibility and potentially improved mining efficiency relative to traditional vein-restricted tungsten deposits. Strengthened Liquidity Position Significantly Improves Near- to Medium-Term Execution Visibility: The company materially strengthened its financial position through a recently announced approximately US$40 million strategic financing and offtake package, including US$15 million of project financing for Vila Verde and a tungsten concentrate offtake agreement. ACM indicated available liquidity exceeding approximately C$45 million, providing improved funding visibility for pilot plant construction, ongoing drilling programs, metallurgical optimization, and future prefeasibility-related work. The improved balance sheet reduces near-term financing pressure and allows the company to transition from a purely exploration-focused issuer toward a project execution and development story. The financing package also represents a significant third-party validation of the quality of ACM's asset portfolio and development strategy, supporting the Company's transition from exploration and resource delineation toward project development and execution. Portfolio Approach Provides Multiple Development Pathways: ACM benefits from a dual-asset strategy through the Borralha and Vila Verde Projects. While Borralha represents a large-scale, long-life development asset with significant resource expansion potential, Vila Verde provides a potentially lower-capital pathway toward near-term production through the planned pilot plant and processing operations. Together, the projects provide operational flexibility, diversified development timelines and multiple opportunities for value creation.Valuation: Allied Critical Metals has been valued primarily using a DCF-based NAV methodology, to which we assign a 75% weighting, complemented by a 25% weighting to a comparable company analysis. The DCF framework applies an 8.0% discount rate and assumes no terminal value. The valuation incorporates separate project-level forecasts for Borralha and Vila Verde, with Borralha treated as the company’s core long-term development asset and Vila Verde modeled as a near-term pilot plant opportunity. For Borralha, we model the 13.0 Mt M&I resource as the core operating base over an 11-year mine life, while the 7.7 Mt inferred resource is treated as a separate, lower-confidence mine-line extension optionality. For Vila Verde, we model a near-term pilot plant case with an initial throughput of 150,000 tpa over 5 years. In addition, we have incorporated a comparable company analysis, using EV/contained WO3 as the relevant market-based valuation metric for publicly listed tungsten-focused peers. On a blended basis, this approach results in an illustrative equity value of C$629.04 million, or C$3.50 per share, contingent on successful execution by the company. About Allied Critical Metals Inc.
Allied Critical Metals Inc. is a Canadian-based critical minerals development company focused on becoming a leading European supplier of tungsten and associated critical metals. Through its 100%-owned Borralha and Vila Verde Projects in northern Portugal, ACM is advancing a portfolio of strategically significant assets positioned to support European and North American supply chain security, defence requirements, energy transition technologies and advanced manufacturing industries.The Borralha Project is one of the largest undeveloped tungsten resources within the European Union and benefits from a favourable Environmental Impact Declaration (DIA), positioning the Project for advancement toward feasibility and development. Vila Verde represents additional exploration upside within the same strategic jurisdiction. Tungsten has been designated a critical raw material by the United States and the European Union due to its strategic importance in defense, aerospace, manufacturing, automotive, electronics and energy applications. Currently, China, Russia and North Korea account for approximately 87% of global tungsten supply and reserves, highlighting the importance of secure western sources.
Further details regarding the Borralha Project are available in the Company's NI 43-101 Preliminary Economic Assessment Technical Report dated April 14, 2026, filed on SEDAR+ at www.sedarplus.ca and on the Company's website at www.alliedcritical.com.
About Diamond Equity Research
Diamond Equity Research is an equity research and corporate access firm focused on small capitalization companies. Diamond Equity Research is an approved sell-side provider on major institutional investor platforms.
For more information, visit https://www.diamondequityresearch.com.
Disclosures:
Diamond Equity Research LLC is being compensated by Allied Critical Metals, Inc. for producing research materials regarding Allied Critical Metals, Inc. and its securities, which is meant to subsidize the high cost of creating the reports and monitoring the security, however the views in the report reflect that of Diamond Equity Research. All payments are received upfront and are billed for research engagement. As of 06/22/26 Allied Critical Metals, Inc. has paid us $50,000 for our company sponsored research services, which commenced 04/30/2026 and is billed annually, which could present a conflict of interest. Diamond Equity Research LLC may be compensated for non-research related services, including presenting at Diamond Equity Research investment conferences, press releases and other additional services. The non-research related service cost is dependent on the company, but usually do not exceed $5,000. Allied Critical Metals, Inc. has not paid us for non-research related services as of 06/22/2026. Issuers are not required to engage us for these additional services. Additional fees may have accrued since then. Diamond Equity Research LLC for a distinct engagement and not for this specific report is being compensated by Almonty Industries, Inc. for producing research materials regarding Almonty Industries, Inc. and its securities, which is meant to subsidize the high cost of creating the reports and monitoring the security, however the views in the reports reflect that of Diamond Equity Research. All payments are received upfront and are billed for research engagement. As of 06/22/26 Almonty Industries, Inc. has paid us $100,000 for our company sponsored research services, which commenced 03/07/2025 and is billed annually upfront for $50,000. Diamond Equity Research LLC may be compensated for non-research related services, including presenting at Diamond Equity Research investment conferences, press releases and other additional services. The non-research related service cost is dependent on the company, but usually do not exceed $5,000. Almonty Industries, Inc. has not paid us for non-research related services as of 06/22/2026. Issuers are not required to engage us for these additional services. Additional fees may have accrued since then. Almonty Industries Inc.’s payments are disclosed as security mentioned in this report; however, they have not paid for this specific report. Additional research cash compensation may be received in future years if issuer engagements are renewed. Although Diamond Equity Research company sponsored reports are based on publicly available information and although no investment recommendations are made within our company sponsored research reports, given the small capitalization nature of the companies we cover we have adopted an internal trading procedure around the public companies by whom we are engaged, with investors able to find such policy on our website public disclosures page. This report and press release do not consider individual circumstances and does not take into consideration individual investor preferences.Statements within this report may constitute forward-looking statements, these statements involve many risk factors and general uncertainties around the business, industry, and macroeconomic environment.This report is based on information we consider reliable, including the subject of the report.This report does not explicitly or implicitly affirm that the information contained in this document is accurate and/or comprehensive, and as such should not be relied on in such capacity. All information contained within this report is subject to change without any formal or other notice provided. Investors need to be aware of the high degree of risk in small capitalization equities including the complete potential loss of their investment. Investors can find various risk factors in the initiation report and in the respective financial filings for Allied Critical Metals Inc., which may not be comprehensive. Please review initiation report attached for full report disclosures.
AECOM získal druhé zařazení do britského rámce CPS2 a rozšířil svůj podíl z pěti na devět lotů. Rámec v hodnotě 4,7 miliardy USD otevírá cestu k veřejným zakázkám v obraně, jaderné energetice a protipovodňových projektech.
Key Takeaways AECOM secured a second CPS2 appointment, expanding from five to nine lots on the U.K. framework.The $4.7B framework opens routes to public work in defense, nuclear energy and flood risk.ACM's backlog rose 8% to a record level as management raised full-year profit guidance again. AECOM (ACM - Free Report) was selected by the U.K. Government Commercial Agency for the Construction Professional Services 2 (CPS2) Framework, strengthening its access to public-sector infrastructure opportunities across the United Kingdom.
The four-year framework, valued at $4.7 billion, CPS2 will serve as a key procurement route for U.K. public-sector organizations seeking construction professional and technical services across education, housing, energy, health and other areas.
This marks AECOM’s second appointment to the framework, following its original inclusion in 2021. Under CPS2, the company has expanded its role from five lots to nine, covering general infrastructure, project management, defense, defense enhanced, international, nuclear energy and all three flood risk and asset management lots. Following the news, shares of ACM dropped 1.4% during trading hours yesterday.
AECOM Is Deepening Public-Sector PartnershipsAECOM’s broader appointment enhances its exposure to high-value U.K. infrastructure work, including defense, nuclear energy, flood risk management, social infrastructure, transportation and environmental services. It also reinforces the company’s position as a trusted partner to government clients, including central government departments, local authorities and the Environment Agency.
Management noted that CPS2 provides an important route to market for AECOM’s multidisciplinary services and supports its ability to help address the U.K. public sector’s infrastructure and built-environment challenges while delivering long-term value for taxpayers.
ACM’s Backlog Strength Supports Growth OutlookAECOM’s record backlog and expanding pipeline continue to support its long-term growth trajectory. Demand remains solid across transportation, energy, water, defense and data center infrastructure. Management also highlighted a roughly 50% increase in its defense pipeline, along with continued opportunities tied to hyperscale data centers, power generation and transmission projects.
The company ended the second quarter of fiscal 2026 with backlog up 8% year over year to a record $26.2 billion, supported by a design book-to-burn ratio of 1.2x. Net Service Revenue (NSR) margins, adjusted EBITDA and adjusted EPS reached second-quarter highs, while segment adjusted operating margin expanded 50 basis points to 16.5%. Backed by a strong backlog, robust funding across core markets and continued execution of strategic initiatives, management raised full-year fiscal 2026 profit guidance for the second time this year and expects adjusted EPS and EBITDA to increase 14% and 7% compared to fiscal 2025, respectively, at the midpoints of its updated guidance ranges.
AECOM stock has declined 28.8% in the year-to-date period, significantly underperforming the Zacks Engineering - R and D Services industry’s 39.1% growth. The near-term outlook remains challenged by macroeconomic uncertainty, inflationary pressures and temporary disruptions related to the prolonged U.S. federal government shutdown.
However, ACM’s long-term growth outlook remains compelling, supported by strong demand across its core end markets, including transportation, water, environmental services, energy and advanced facilities.
Image Source: Zacks Investment Research
ACM’s Zacks Rank & Key PicksAECOM currently carries a Zacks Rank #3 (Hold).
Here are some top-ranked stocks from the Construction sector:
Comfort Systems USA, Inc. (FIX - Free Report) flaunts a Zacks Rank #1 (Strong Buy) at present. The company delivered a trailing four-quarter earnings surprise of 39.3%, on average. FIX stock has surged 121.4% year to date. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Comfort Systems’ fiscal 2026 sales and earnings per share (EPS) indicates growth of 30.5% and 49.2%, respectively, from the prior-year levels.
Sterling Infrastructure, Inc. (STRL - Free Report) flaunts a Zacks Rank of 1 at present. The company delivered a trailing four-quarter earnings surprise of 29.1%, on average. STRL stock has jumped 204.6% year to date.
The Zacks Consensus Estimate for Sterling’s 2026 sales and EPS indicates growth of 59.2% and 77.5%, respectively, from the prior-year levels.
Quanta Services, Inc. (PWR - Free Report) flaunts a Zacks Rank of 1 at present. The company delivered a trailing four-quarter earnings surprise of 10.3%, on average. PWR stock has climbed 75.4% year to date.
The Zacks Consensus Estimate for Quanta’s 2026 sales and EPS indicates growth of 21.5% and 30%, respectively, from the prior-year levels.
KB Home vykázala za 2. čtvrtletí tržby ve výši 1,11 mld. USD a zředěný zisk na akcii 0,43 USD, zatímco čistý zisk klesl na 27,3 mil. USD. Firma také odkoupila vlastní akcie za 75 mil. USD.
Revenues of $1.11 Billion; Diluted Earnings Per Share of $.43
Repurchased $75.0 Million of Common Stock
, /PRNewswire/ -- KB Home (NYSE: KBH) today reported results for its second quarter ended May 31, 2026.
"We produced solid second-quarter results that met or exceeded the mid-point of our key guidance ranges," said Jeffrey Mezger, Executive Chairman. "Our return to a predominantly Built to Order business model continued to gain momentum, with these homes representing 73% of our net orders in the quarter, progress that we believe supports stronger, more sustainable performance over time and across market cycles."
"Operationally, our teams continued to execute well and generated meaningful results, achieving 35 new community openings, at the high end of our projection, and reducing our build times by more than a full week sequentially from home start to home completion," said Robert McGibney, President and Chief Executive Officer. "At the same time, we remained disciplined as we continued to successfully navigate a difficult and fluid market environment, balancing pace and price while tightly managing costs."
"The progress in our second quarter sets the foundation for the remainder of fiscal 2026, with sequentially higher delivery volumes and gross margins projected for each of the final two quarters. We remain committed to increasing shareholder value through improved performance, as well as our continued focus on operational excellence, strong financial flexibility and ongoing balanced approach to capital allocation," concluded Mezger.
Three Months Ended May 31, 2026 (comparisons on a year-over-year basis)
Revenues were down 27% to $1.11 billion. Homes delivered decreased 23% to 2,395. Average selling price was $461,900, compared to $488,700. Homebuilding operating income was $28.2 million, compared to $131.5 million. The homebuilding operating income margin was 2.5%, compared to 8.6%, due to a lower housing gross profit margin and higher selling, general and administrative expense ratio. Excluding inventory-related charges of $5.6 million for both the current quarter and the year-earlier quarter, homebuilding operating income was 3.0%, compared to 9.0%. The housing gross profit margin was 15.2%, compared to 19.3%. Excluding the above-mentioned inventory-related charges, the housing gross profit margin was 15.7%, compared to 19.7%, primarily reflecting price reductions, higher relative land costs and reduced operating leverage. Selling, general and administrative expenses were 12.7% of housing revenues, compared to 10.7%, mainly due to a decrease in operating leverage. Financial services pretax income totaled $6.7 million, compared to $8.2 million, primarily due to lower equity in income from the Company's mortgage banking joint venture. The joint venture's results mainly reflected reduced loan origination volume driven by fewer homes delivered. Net income was $27.3 million, compared to $107.9 million. Diluted earnings per share was $.43, compared to $1.50, reflecting current quarter net income, partly offset by the favorable impact of the Company's common stock repurchases. The effective tax rate was 26.6%, compared to 24.2%. Six Months Ended May 31, 2026 (comparisons on a year-over-year basis)
Revenues totaled $2.19 billion, compared to $2.92 billion. Homes delivered of 4,765 were down 19%. Average selling price decreased 8% to $457,000. Net income was $60.8 million, compared to $217.4 million. Diluted earnings per share was $.96, compared to $3.00. Net Orders and Backlog (comparisons on a year-over-year basis)
Net orders of 3,317 declined 4%. The Company's ending backlog was down 5% to 4,526 homes, and backlog value decreased 7% to $2.14 billion. Monthly net orders per community were 4.0, compared to 4.5. The cancellation rate as a percentage of gross orders was 12%, compared to 16%. The average community count for the quarter grew 9% to 278, and the ending community count was up 11% to 280. Balance Sheet as of May 31, 2026 (comparisons to November 30, 2025)
The Company had total liquidity of $1.12 billion, including $199.8 million of cash and cash equivalents and $923.4 million of available capacity under its unsecured revolving credit facility ("Credit Facility"), with $275.0 million of cash borrowings outstanding. Inventories increased slightly to $5.73 billion. Investments in land and land development for the quarter decreased 4% to $495.8 million, compared to $513.9 million for the prior-year quarter. For the six months ended May 31, 2026, total land-related investments decreased 26% to $1.06 billion, compared to $1.43 billion for the year-earlier period. The Company's lots owned or under contract decreased 9% to 59,106, of which approximately 62% were owned and 38% were under contract. Notes payable were $1.97 billion, compared to $1.69 billion, reflecting cash borrowings outstanding under the Credit Facility. The debt to capital ratio was 34.1%, compared to 30.3%. Stockholders' equity totaled $3.80 billion, compared to $3.90 billion, primarily reflecting current quarter common stock repurchases and cash dividends, partly offset by net income for the same period. In the 2026 second quarter, the Company repurchased 1.4 million shares of its outstanding common stock at a cost of $75.0 million, bringing its total repurchases in the 2026 first half to 2.2 million shares at a total cost of $125.0 million. As of May 31, 2026, the Company had $775.0 million remaining under its current common stock repurchase authorization. Based on the Company's approximately 61.3 million outstanding shares as of May 31, 2026, book value per share of $61.93 increased 6% year over year. Guidance
The Company is providing the following guidance for its 2026 third quarter and full year as to certain metrics:
2026 Third Quarter —
Deliveries in the range of 2,600 to 2,800 homes. Housing revenues in the range of $1.20 billion to $1.35 billion. Housing gross profit margin in the range of 16.0% to 16.6%, assuming no inventory-related charges. Selling, general and administrative expenses as a percentage of revenues in the range of 11.3% to 11.9%. Effective tax rate in the range of 19% to 21%. Ending community count in the range of 270 to 280. 2026 Full Year —
Deliveries in the range of 10,500 to 11,000 homes. Housing revenues in the range of $4.90 billion to $5.30 billion. Housing gross profit margin in the range of 16.1% to 16.5%, assuming no inventory-related charges. Selling, general and administrative expenses as a percentage of revenues in the range of 11.4% to 11.8%. Effective tax rate in the range of 22% to 24%. Conference Call
The conference call to discuss the Company's 2026 second quarter earnings will be broadcast live TODAY at 2:00 p.m. Pacific Time, 5:00 p.m. Eastern Time. To listen, please go to the Investor Relations section of the Company's website at kbhome.com.
About KB Home
KB Home is one of the largest and most trusted homebuilders in the United States. We operate in 50 markets, have built over 700,000 quality homes in our nearly 70-year history, and are honored to be the #1 customer-ranked national homebuilder based on third-party buyer surveys. What sets KB Home apart is building strong, personal relationships with every customer and creating an exceptional homebuying experience that offers our homebuyers the ability to personalize their home based on what they value at a price they can afford. As the industry leader in sustainability, KB Home has achieved one of the highest residential energy-efficiency ratings and delivered more ENERGY STAR® certified homes than any other builder, helping to lower the total cost of homeownership. For more information, visit kbhome.com.
Forward-Looking and Cautionary Statements
Certain matters discussed in this press release, including any statements that are predictive in nature or concern future market and economic conditions, business and prospects, our future financial and operational performance, or our future actions and their expected results are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations and projections about future events and are not guarantees of future performance. We do not have a specific policy or intent of updating or revising forward-looking statements. If we update or revise any such statement(s), no assumption should be made that we will further update or revise that statement(s) or update or revise any other such statement(s). In addition, such forward-looking statements may be based in whole or in part on general observations or opinions of our management, limited or anecdotal evidence and/or business or industry experience without in-depth or any particular empirical investigation, inquiry or analysis and are not intended, and do not express, factual assertions about past events. Actual events and results may differ materially from those expressed or forecasted in forward-looking statements due to a number of factors. The most important risk factors that could cause our actual performance and future events and actions to differ materially from such forward-looking statements include, but are not limited to the following: general economic, employment and business conditions; population growth or decline, household formations and demographic trends; conditions in the capital, credit and financial markets; our ability to access external financing sources and raise capital through the issuance of common stock, debt or other securities, and/or project financing, on favorable terms; the execution of any securities repurchases pursuant to our board of directors' authorization; material and trade costs and availability, including the costs associated with achieving the standards for ENERGY STAR certified homes, and delays related to state and municipal construction, permitting, inspection and utility processes, which have been disrupted by key equipment shortages; rising consumer and producer price inflation; changes in interest rates, including those set by the Federal Reserve and those available in the capital markets or from financial institutions and other lenders, and applicable to mortgage loans; our debt level, including our ratio of debt to capital, and our ability to adjust our debt level and maturity schedule; our compliance with the terms of our unsecured revolving credit facility and our senior unsecured term loan; the ability and willingness of the applicable lenders and financial institutions, or any substitute or additional lenders and financial institutions, to meet their commitments or fund borrowings, extend credit or provide payment guarantees to or for us under our unsecured revolving credit facility or unsecured letter of credit facility; volatility in the market price of our common stock; our obtaining adequate levels of affordable insurance for our business and our ability to cover any incurred costs, liabilities or losses that are not covered by the insurance we have procured or that are due to our deciding not to procure certain types or amounts of insurance coverage; home selling prices, including our homes' selling prices, being unaffordable relative to consumer incomes; weak or declining consumer confidence, either generally or specifically with respect to purchasing homes; competition from other sellers of new and resale homes, particularly homebuilders with significant unsold inventory; weather events, significant natural disasters and other climate and environmental factors, such as a lack of adequate water supply to permit new home communities in certain areas; potential instability associated with the regulatory and executive policies, proposals and orders of the U.S. presidential administration, including any directed at our operations, business practices or capital allocation strategies; government actions, policies, programs and regulations directed at or affecting the housing market (including the tax benefits associated with purchasing and owning a home, and the standards, fees and size limits applicable to the purchase or insuring of mortgage loans by government-sponsored enterprises and government agencies, and the potential significant scaling back or ending of the federal conservatorship of the government-sponsored enterprises), the homebuilding industry, or construction activities; changes in existing tax laws or enacted corporate income tax rates, including those resulting from regulatory guidance and interpretations issued with respect thereto, such as Internal Revenue Service guidance regarding heightened qualification requirements for federal tax credits for building energy-efficient homes and the pending expiration of such tax credits in 2026; changes in U.S. trade policies, including the imposition of tariffs and duties on homebuilding materials and products, and related trade disputes with and retaliatory measures taken by other countries, and financial markets' and business' reactions to any such policies; disruptions in world and regional trade flows, economic activity and supply chains due to the military conflicts in the Middle East and in Ukraine, including those stemming from wide-ranging sanctions and other restrictions the U.S. and other countries have imposed or may further impose respectively on Iranian or Russian business sectors, financial organizations, individuals and raw materials, the impact of which may, among other things, increase our operational costs, exacerbate building materials and appliance shortages and/or reduce our revenues and earnings; the adoption of new or amended financial accounting standards and the guidance and/or interpretations with respect thereto; the availability and cost of land in desirable areas and our ability to timely and efficiently develop acquired land parcels and open new home communities; impairment, land option contract abandonment or other inventory-related charges, including any stemming from decreases in the value of our land assets; our warranty claims experience with respect to homes previously delivered and actual warranty costs incurred; costs and/or charges arising from regulatory compliance requirements or from legal, arbitral or regulatory proceedings, investigations, claims or settlements, including unfavorable outcomes in any such matters resulting in actual or potential monetary damage awards, penalties, fines or other direct or indirect payments, or injunctions, consent decrees or other voluntary or involuntary restrictions or adjustments to our business operations or practices that are beyond our current expectations and/or accruals; our ability to use/realize the net deferred tax assets we have generated; our ability to successfully implement our current and planned strategies and initiatives related to our product, geographic and market positioning, gaining share and scale in our served markets, through, among other things, our making substantial investments in land and land development, which, in some cases, involves putting significant capital over several years into large projects in one location, and in entering into new markets; our operational and investment concentration in markets in California; consumer interest in and responsiveness to our new home communities, products and simplified selling process with transparent pricing and limited incentives, particularly from first-time homebuyers and higher-income consumers; our ability to generate orders and convert our backlog of orders to home deliveries and revenues, particularly in key markets in California; our ability to successfully implement our business strategies and achieve any associated financial and operational targets and objectives, including those discussed in this release, during today's conference call or in any of our other public filings, presentations or disclosures; income tax expense volatility associated with stock-based compensation; the costs we incur in connection with relocating our corporate headquarters office from Los Angeles, California to Tempe, Arizona in 2027, including costs for employee-related severance, retention, and relocation, as well as recruitment and onboarding; the ability of our homebuyers to obtain homeowners and flood insurance policies, and/or typical or lender-required policies for other hazards or events, for their homes, which may depend on the ability and willingness of insurers or government-funded or -sponsored programs to offer coverage at an affordable price or at all; the ability of our homebuyers to obtain residential mortgage loans and mortgage banking services, which may depend on the ability and willingness of lenders and financial institutions to offer such loans and services to our homebuyers; the performance of mortgage lenders to our homebuyers; the performance of KBHS Home Loans, LLC ("KBHS"); the ability and willingness of lenders and financial institutions to extend credit facilities to KBHS to fund its originated mortgage loans; information technology failures and data security breaches; an epidemic, pandemic or significant seasonal or other disease outbreak, and the control response measures that international, federal, state and local governments, agencies, law enforcement and/or health authorities implement to address it, which may precipitate or exacerbate one or more of the above-mentioned and/or other risks, and significantly disrupt or prevent us from operating our business in the ordinary course for an extended period; widespread protests and/or civil unrest, whether due to political events, social movements or other reasons; and other events outside of our control. Please see our periodic reports and other filings with the Securities and Exchange Commission for a further discussion of these and other risks and uncertainties applicable to our business.
(Tables Follow)
KB HOME
CONSOLIDATED STATEMENTS OF OPERATIONS
For the Three Months and Six Months Ended May 31, 2026 and 2025
(In Thousands, Except Per Share Amounts – Unaudited)
Three Months Ended May 31,
Six Months Ended May 31,
2026
2025
2026
2025
Total revenues
$ 1,112,435
$ 1,529,585
$ 2,189,446
$ 2,921,362
Homebuilding:
Revenues
$ 1,107,107
$ 1,524,716
$ 2,179,166
$ 2,911,757
Costs and expenses
(1,078,956)
(1,393,253)
(2,118,029)
(2,652,955)
Operating income
28,151
131,463
61,137
258,802
Interest income
1,164
1,679
2,445
3,758
Equity in income of unconsolidated joint ventures
1,269
1,080
1,791
3,493
Homebuilding pretax income
30,584
134,222
65,373
266,053
Financial services:
Revenues
5,328
4,869
10,280
9,605
Expenses
(1,493)
(1,570)
(3,043)
(3,109)
Equity in income of unconsolidated joint venture
2,830
4,862
4,963
9,191
Financial services pretax income
6,665
8,161
12,200
15,687
Total pretax income
37,249
142,383
77,573
281,740
Income tax expense
(9,900)
(34,500)
(16,800)
(64,300)
Net income
$ 27,349
$ 107,883
$ 60,773
$ 217,440
Earnings per share:
Basic
$ .44
$ 1.53
$ .97
$ 3.05
Diluted
$ .43
$ 1.50
$ .96
$ 3.00
Weighted average shares outstanding:
Basic
61,789
69,976
62,214
70,745
Diluted
62,733
71,226
63,219
72,108
KB HOME
CONSOLIDATED BALANCE SHEETS
(In Thousands – Unaudited)
May 31,
2026
November 30,
2025
Assets
Homebuilding:
Cash and cash equivalents
$ 199,819
$ 228,614
Receivables
389,728
350,636
Inventories
5,732,557
5,670,802
Investments in unconsolidated joint ventures
78,766
72,436
Property and equipment, net
103,840
101,457
Deferred tax assets, net
88,665
88,665
Other assets
124,755
107,833
6,718,130
6,620,443
Financial services
57,332
59,809
Total assets
$ 6,775,462
$ 6,680,252
Liabilities and stockholders' equity
Homebuilding:
Accounts payable
$ 303,850
$ 351,261
Accrued expenses and other liabilities
704,401
731,946
Notes payable
1,968,714
1,692,977
2,976,965
2,776,184
Financial services
1,687
3,210
Stockholders' equity
3,796,810
3,900,858
Total liabilities and stockholders' equity
$ 6,775,462
$ 6,680,252
KB HOME
SUPPLEMENTAL INFORMATION
For the Three Months and Six Months Ended May 31, 2026 and 2025
(In Thousands, Except Average Selling Price – Unaudited)
Three Months Ended May 31,
Six Months Ended May 31,
2026
2025
2026
2025
Homebuilding revenues:
Housing
$ 1,106,252
$ 1,524,716
$ 2,177,726
$ 2,911,757
Land
855
—
1,440
—
Total
$ 1,107,107
$ 1,524,716
$ 2,179,166
$ 2,911,757
Homebuilding costs and expenses:
Construction and land costs
Housing
$ 937,629
$ 1,230,055
$ 1,845,142
$ 2,337,469
Land
780
—
1,296
—
Subtotal
938,409
1,230,055
1,846,438
2,337,469
Selling, general and administrative expenses
140,547
163,198
271,591
315,486
Total
$ 1,078,956
$ 1,393,253
$ 2,118,029
$ 2,652,955
Interest expense:
Interest incurred
$ 28,975
$ 28,626
$ 57,109
$ 55,018
Interest capitalized
(28,975)
(28,626)
(57,109)
(55,018)
Total
$ —
$ —
$ —
$ —
Other information:
Amortization of previously capitalized interest
$ 18,675
$ 25,306
$ 37,532
$ 48,729
Depreciation and amortization
11,452
10,114
22,619
19,818
Average selling price:
West Coast
$ 624,300
$ 682,000
$ 628,200
$ 694,500
Southwest
444,300
475,200
460,600
468,200
Central
345,400
348,900
337,900
357,600
Southeast
368,300
393,300
364,000
396,200
Total
$ 461,900
$ 488,700
$ 457,000
$ 494,400
KB HOME
SUPPLEMENTAL INFORMATION
For the Three Months and Six Months Ended May 31, 2026 and 2025
(Dollars in Thousands – Unaudited)
Three Months Ended May 31,
Six Months Ended May 31,
2026
2025
2026
2025
Homes delivered:
West Coast
818
968
1,528
1,817
Southwest
375
661
753
1,339
Central
596
811
1,271
1,562
Southeast
606
680
1,213
1,172
Total
2,395
3,120
4,765
5,890
Net orders:
West Coast
1,203
1,104
2,205
2,002
Southwest
523
557
1,037
1,102
Central
803
1,030
1,463
1,750
Southeast
788
769
1,458
1,378
Total
3,317
3,460
6,163
6,232
Net order value:
West Coast
$ 766,870
$ 728,141
$ 1,429,004
$ 1,335,320
Southwest
228,373
268,921
449,900
538,143
Central
267,836
328,614
503,436
568,339
Southeast
285,317
285,338
530,368
515,279
Total
$ 1,548,396
$ 1,611,014
$ 2,912,708
$ 2,957,081
May 31, 2026
May 31, 2025
Homes
Value
Homes
Value
Backlog data:
West Coast
1,618
$ 1,042,729
1,396
$ 947,842
Southwest
751
323,520
897
443,533
Central
1,064
368,893
1,321
445,853
Southeast
1,093
403,192
1,162
451,003
Total
4,526
$ 2,138,334
4,776
$ 2,288,231
KB HOME
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
(In Thousands, Except Percentages – Unaudited)
Company management's discussion of the results presented in this press release may include information about the Company's adjusted housing gross profit margin, which is not calculated in accordance with generally accepted accounting principles ("GAAP"). The Company believes this non-GAAP financial measure is relevant and useful to investors in understanding its operations, and may be helpful in comparing the Company with other companies in the homebuilding industry to the extent they provide similar information. However, because it is not calculated in accordance with GAAP, this non-GAAP financial measure may not be completely comparable to other companies in the homebuilding industry and, thus, should not be considered in isolation or as an alternative to operating performance and/or financial measures prescribed by GAAP. Rather, this non-GAAP financial measure should be used to supplement the most directly comparable GAAP financial measure in order to provide a greater understanding of the factors and trends affecting the Company's operations.
Adjusted Housing Gross Profit Margin
The following table reconciles the Company's housing gross profit margin calculated in accordance with GAAP to the non-GAAP financial measure of the Company's adjusted housing gross profit margin:
Three Months Ended May 31,
Six Months Ended May 31,
2026
2025
2026
2025
Housing revenues
$ 1,106,252
$ 1,524,716
$ 2,177,726
$ 2,911,757
Housing construction and land costs
(937,629)
(1,230,055)
(1,845,142)
(2,337,469)
Housing gross profits
168,623
294,661
332,584
574,288
Add: Inventory-related charges (a)
5,579
5,558
7,734
7,013
Adjusted housing gross profits
$ 174,202
$ 300,219
$ 340,318
$ 581,301
Housing gross profit margin
15.2 %
19.3 %
15.3 %
19.7 %
Adjusted housing gross profit margin
15.7 %
19.7 %
15.6 %
20.0 %
(a) Represents inventory impairment and land option contract abandonment charges associated with housing operations.
Adjusted housing gross profit margin is a non-GAAP financial measure, which the Company calculates by dividing housing revenues less housing construction and land costs excluding housing inventory impairment and land option contract abandonment charges (as applicable) recorded during a given period, by housing revenues. The most directly comparable GAAP financial measure is housing gross profit margin. The Company believes adjusted housing gross profit margin is a relevant and useful financial measure to investors in evaluating the Company's performance as it measures the gross profits the Company generated specifically on the homes delivered during a given period. This non-GAAP financial measure isolates the impact that housing inventory impairment and land option contract abandonment charges have on housing gross profit margins, and allows investors to make comparisons with the Company's competitors that adjust housing gross profit margins in a similar manner. The Company also believes investors will find adjusted housing gross profit margin relevant and useful because it represents a profitability measure that may be compared to a prior period without regard to variability of housing inventory impairment and land option contract abandonment charges. This financial measure assists management in making strategic decisions regarding community location and product mix, product pricing and construction pace.
For Further Information:
Jill Peters, Investor Relations Contact
(310) 893-7456 or [email protected]
Cara Kane, Media Contact
(321) 299-6844 or [email protected]
KB Home vykázala ve 2. čtvrtletí tržby 1,11 miliardy USD, nad odhady, ale zisk na akcii 43 centů zaostal za očekáváním. UBS po výsledcích zvýšila cílovou cenu z 63 na 66 USD.
KB Home (NYSE:KBH) reported mixed financial results for the second quarter after the market closed on Tuesday.
KB Home reported second-quarter revenue of $1.11 billion, beating analyst estimates of $1.10 billion, according to Benzinga Pro. The homebuilder reported second-quarter earnings of 43 cents per share, missing analyst estimates of 45 cents per share.
"We produced solid second-quarter results that met or exceeded the mid-point of our key guidance ranges," said Jeffrey Mezger, executive chairman of KB Home.
KB Home expects $1.20 billion to $1.35 billion in housing revenue in the third quarter. The company also guided for full-year 2026 housing revenue of $4.90 billion to $5.30 billion.
KB Home shares rose 16.3% to trade at $61.32 on Wednesday.
These analysts made changes to their price targets on KB Home following earnings announcement.
UBS analyst John Lovallo maintained the stock with a Buy and raised the price target from $63 to $66. Wells Fargo analyst Sam Reid maintained the stock with an Underweight rating and raised the price target from $50 to $52. Considering buying KBH stock? Here’s what analysts think:
Photo via Shutterstock
Market News and Data brought to you by Benzinga APIs
KB Home říká, že návrat k modelu built-to-order zlepšuje viditelnost dodávek a měl by podpořit marže v druhé polovině fiskálního roku 2026. Ve 2Q mělo 73 % čistých objednávek charakter built-to-order a likvidita činila 1,12 mld. USD.
Key Takeaways KBH's built-to-order shift supports better visibility and steadier FY26 deliveries.KBH expects back-half margin gains from operating leverage, West Coast mix and built-to-order deliveries.KBH ended Q2 with $1.12B in liquidity, repurchased $75M in stock and kept land spending disciplined. KB Home (KBH - Free Report) used its second-quarter fiscal 2026 earnings call to press a single message — the company’s return to a built-to-order model is now far enough to support better visibility, steadier deliveries and improving margins in the back half of fiscal 2026.
That message mattered because the quarter still reflected a difficult spring selling season. KB Home reported revenues of $1.11 billion, which beat the Zacks Consensus Estimate of $1.09 billion by 2%. The company reported earnings per share of $0.43, meeting the consensus mark.
KB Home Pushes Built-to-Order DeeperExecutive chairman Jeffrey Mezger said that the fiscal second-quarter results met or exceeded the midpoint of the key guidance ranges, but management spent more time explaining the structural benefits of built-to-order than recapping quarterly figures. Mezger framed the shift as a lower-risk operating model that improves delivery predictability and margin quality.
Chief executive officer Rob McGibney said that 73% of fiscal second-quarter net orders were built-to-order homes, which he described as evidence that the company is rebuilding a sold backlog before construction begins. McGibney said that creates visibility on buyer, price, costs and expected close date much earlier in the cycle.
McGibney also tied the strategy to cost control.
KBH Sees Back-Half Margin RecoveryThe quarter itself showed why management is leaning on that transition. Housing revenues fell 27% year over year to $1.11 billion, while the housing gross margin was 15.2%, down from 19.3% a year earlier. Excluding inventory-related charges, the gross margin was 15.7%.
Still, chief accounting officer William Hollinger laid out a more constructive second-half setup. Hollinger guided to a fiscal third-quarter housing gross margin of 16-16.6% and a full-year margin of 16.1-16.5%, assuming no inventory-related charges.
Hollinger said that the improvement should come from better operating leverage, a higher mix of built-to-order deliveries and a more favorable West Coast mix, particularly from Northern California. He added that more than 80% of expected fiscal third-quarter deliveries were already in backlog, reinforcing the company’s visibility argument.
KB Home Uses Cash for Land & BuybacksManagement also emphasized balance sheet flexibility. KB Home ended the quarter with $1.12 billion of total liquidity, including about $200 million in cash and no debt maturities until June 2027.
Mezger said that the company remained balanced in capital allocation, investing for growth while returning capital to shareholders. KB Home repurchased 1.4 million shares for $75 million in the quarter and paid out roughly $15 million in dividends.
Land spending stayed active but disciplined. Management said that the fiscal second-quarter land acquisition and development investment was just under $500 million, with roughly three-fourths directed to development and fees on land already owned.
KBH Q&A Focuses on California & DemandAnalysts pressed hardest on two points in Q&A: how much of the expected margin step-up comes from built-to-order versus California and whether spring demand softness has extended into June. Management’s answers were steady and more explicit than in prepared remarks.
Responding to Barclays and Evercore ISI, McGibney said that fiscal fourth-quarter built-to-order deliveries should reach roughly 70%, but not yet the full target rate. He also described the Bay Area contribution as more than a one-quarter event, saying that the region now has a healthier pipeline of larger, higher-ASP communities.
On demand, management acknowledged that March was the weakest month of the spring season, while April and May improved. McGibney said that June trends were tracking in line with expectations and reflected a normal seasonal slowdown rather than a fresh deterioration.
KB Home Reenters Atlanta CarefullyBeyond the near term, Mezger highlighted Atlanta as the company’s latest market reentry. He called it a top-10 housing market with strong population and job growth, and said that KB Home has already acquired its first parcel there for an early 2027 opening.
That move fits management’s broader growth posture. The company expected Seattle, Boise and Charlotte to represent about 10% of the fiscal 2026 volume, showing how KB Home is still willing to expand, but within a familiar operating template.
At the same time, executives stressed discipline in the land market. McGibney said that the company has walked away from optioned deals that no longer met return hurdles, even as sellers have begun to grow more realistic on terms and pricing.
KBH Keeps the Focus on ExecutionThe clearest takeaway from the call was not that conditions have turned easy. Management repeatedly pointed to weak consumer confidence, elevated mortgage rates and affordability pressure as continuing obstacles.
What changed was the company’s confidence in its operating setup. Faster build times, lower finished unsold inventory and sequential backlog growth gave executives a firmer basis to talk about improving deliveries, margins and backlog comparisons through the rest of fiscal 2026.
Zacks Rank & Style SignalsKBH currently carries a Zacks Rank #4 (Sell), along with a Value Score of B, a Growth Score of C, a Momentum Score of A and a VGM Score of A. Under Zacks’ framework, Style Scores help identify attractive value, growth and momentum traits, but they are meant to complement, not override, the rank.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The above-mentioned combination leaves a mixed signal. The strong Momentum and VGM grades indicate favorable style characteristics, but Zacks’ guidance says stocks with a Zacks Rank #4 or #5 (Strong Sell) should not be favored even when Style Scores are strong. The rank can also change as earnings estimate revisions adjust after the quarter’s results and management outlook.
MP Materials v 1. čtvrtletí 2026 snížila provozní odliv hotovosti na 1,9 mil. USD z 63 mil. USD, ale volný peněžní tok zůstal záporný na 79,3 mil. USD. Pomoci by mohly vyšší prodeje, rostoucí objemy NdPr a podpora od DoW.
Key Takeaways MP posted a $1.9M operating cash outflow in Q1 2026, improving from a $63M outflow a year ago.Free cash flow stayed negative at $79.3M in Q1 2026 following a negative $304M in 2025.Higher sales, NdPr volumes and DoW support could help stabilize MP's cash flow after tough years. MP Materials Corp. (MP - Free Report) posted a modest improvement in operating cash flow in the first quarter of 2026, though it still recorded a $1.9 million outflow compared with a $63 million outflow in the same quarter last year.
The year-over-year improvement was supported by higher product sales, as well as the $51 million received from the Department of War (DoW) for the Price Protection Agreement (PPA) income recognized in the fourth quarter of 2025, with no comparable cash inflow in the prior-year period. The company also received a $19 million from the 45X credit associated with its 2024 federal tax return.
Free cash flow remained negative at $79.3 million, though it improved from a $93.7 million outflow a year earlier. This follows an already weak 2025, when MP reported $155.8 million in operating cash outflows and $304 million in negative free cash flow.
MP’s last period of strong cash generation was in 2022, when it delivered $343.5 million in operating cash flow and $22 million in positive free cash flow, supported by elevated rare earth prices and strong demand conditions. Since then, cash flows have weakened significantly alongside falling rare earth prices and softer-than-expected demand for magnetic materials.
In 2023, cash flow from operations plunged 82% year over year to $62.7 million on lower prices and inventory builds to support its Stage II separations facilities as well as Stage III initiatives. The decline continued in 2024, with operating cash flow falling 79% to $13.3 million amid sustained price pressure and continued inventory accumulation as production of separated products ramped up. Notably, free cash flow has remained negative since 2023.
MP Materials is seeing higher production costs as producing separated products is more costly than producing rare earth concentrates. Selling, general and administrative expenses have also flared up as it expanded its workforce to support the downstream expansion. These factors have driven up operating expenses, keeping profits and cash flows under pressure.
Looking ahead, MP’s ongoing ramp-up of separated rare earth production at Mountain Pass, along with the expansion of magnetic precursor and magnet output at the Independence Facility, is expected to keep the costs elevated in 2026. Ongoing investment in downstream capabilities is also likely to keep SG&A expenses elevated, maintaining pressure on near-term profitability and cash flows.
On the positive side, NdPr production volumes are increasing as process optimization and ramp-up efforts progress. Combined with higher sales volumes and support from the DoW Price Protection Agreement, these factors could help partially offset margin pressure and gradually stabilize MP Materials’ cash flow profile after several challenging years.
MP’s Price Performance, Valuation & EstimatesMP Materials’ shares have gained 65% in a year compared with the industry’s 52.6% growth. Other names in the space, like Energy Fuels Inc. (UUUU - Free Report) and USA Rare Earth Inc. (USAR - Free Report) , have gained 194.9% and 93%, respectively.
Image Source: Zacks Investment Research
MP is trading at a forward 12-month price/sales multiple of 17.52X, a significant premium to the industry’s 1.49X. Energy Fuels and USA Rare Earth are trading at 22.09X and 51.85X, respectively.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for MP Materials’ 2026 earnings is pegged at 16 cents per share, indicating an improvement from the loss of 24 cents in 2025. The estimate for 2027 is $1.06 per share, indicating a 562.5% year-over-year improvement.
Image Source: Zacks Investment Research
The estimate for both 2026 and 2027 has, however, moved down in the past 60 days, as shown in the chart below.
Image Source: Zacks Investment Research
The company currently carries a Zacks Rank #3 (Hold).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Badger Meter klesl o 5,2 % na 127,81 USD, zatímco širší trh odepsal méně. Analytici čekají EPS 1,01 USD a tržby 219,66 milionu USD, obojí meziročně níže.
Badger Meter (BMI - Free Report) closed at $127.81 in the latest trading session, marking a -5.2% move from the prior day. This change lagged the S&P 500's 1.44% loss on the day. Elsewhere, the Dow lost 0.09%, while the tech-heavy Nasdaq lost 2.22%.
The manufacturer of products that measure gas and water flow's stock has climbed by 7.14% in the past month, exceeding the Computer and Technology sector's gain of 0.98% and the S&P 500's gain of 0.08%.
Market participants will be closely following the financial results of Badger Meter in its upcoming release. In that report, analysts expect Badger Meter to post earnings of $1.01 per share. This would mark a year-over-year decline of 13.68%. Simultaneously, our latest consensus estimate expects the revenue to be $219.66 million, showing a 7.75% drop compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.51 per share and a revenue of $909.27 million, signifying shifts of -5.85% and -0.81%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Badger Meter. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.29% higher. Badger Meter is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that Badger Meter has a Forward P/E ratio of 29.89 right now. Its industry sports an average Forward P/E of 29.89, so one might conclude that Badger Meter is trading at no noticeable deviation comparatively.
We can additionally observe that BMI currently boasts a PEG ratio of 2.42. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. By the end of yesterday's trading, the Instruments - Control industry had an average PEG ratio of 1.96.
The Instruments - Control industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 104, which puts it in the top 43% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
MaxLinear v 1. čtvrtletí zvýšil tržby segmentu Infrastructure o 136 % meziročně díky rozjezdu optických platforem pro datová centra. Zároveň zvýšil výhled na rok 2026 pro optické tržby z datových center na 150–170 mil. USD.
Key Takeaways MaxLinear's Infrastructure revenues surged 136% year over year in Q1 2026 on optical platform ramp-up.MXL raised the 2026 optical data center revenue outlook to $150M-$170M on strong customer orders.MaxLinear expects storage accelerator revenues to at least double in 2026 versus the 2025 levels. MaxLinear, Inc.’s (MXL - Free Report) transformation into an infrastructure-focused company is being driven by strong growth in its data center optical business and several high-value products that remain early in their market ramp-up. The Infrastructure segment became the largest revenue category in first-quarter 2026, with sales rising 136% year over year, led by production ramp-up in optical data center platforms.
Management sees more growth ahead as hyperscale customers continue building out AI-focused architectures. Strong customer orders and growing visibility of the program ramp-up led the company to increase its 2026 optical data center revenue expectations to the $150-$170 million range.
MaxLinear also expects data center revenues to move higher from the second quarter, with additional upsides as run rates expand into 2027. The majority of this momentum is being driven by the Keystone PAM4 DSP family, which is ramping up at several major data centers in the United States and Asia for 400-gig and 800-gig deployments for scale-up and scale-out applications.
With Keystone validating the company’s ability to execute at scale, customer engagement around the Rushmore family of PAM4 TIAs and 200 gigabit per lane DSPs is gaining traction faster than expected. Production ramp-up is anticipated to begin in late 2026, with revenue growth continuing through 2027.
MaxLinear is also broadening its presence within hyperscale data centers beyond PAM4-based optical and electrical interconnects. Within Infrastructure, the Panther family of hardware storage accelerators SoCs continues to see strong design wins and success across Tier-1 network appliance and cloud service providers. Based on current engagement, the company expects storage accelerator revenues to at least double in 2026 from the 2025 levels. MaxLinear’s Sierra single-chip radio SoCs are now deployed with multiple North American operators, with expanding opportunities as 5G networks continue to evolve.
Updates From MXL PeersQualcomm Technologies (QCOM - Free Report) recently launched Snapdragon Scalable Turnkey AI-Ready Toolkit (“START”), a program designed to help brands bring their own personal AI devices to market faster and with greater flexibility, starting with smart glasses. Announced at the Augmented World Expo, Snapdragon START combines modules with an AI-agnostic full software stack and a network of manufacturing partners to let brands, enterprise-focused organizations and emerging innovators focus on design and experience.
Global eyewear company, Inspecs, is the first to exclusively collaborate with Qualcomm under the Snapdragon START program.
Qorvo (QRVO - Free Report) has introduced QPF5012, an X-band radar front-end solution that allows defense system designers to achieve higher performance without increasing size, weight or prime power. Designed for modern phased array and multifunction sensors, the solution combines transmit power, efficiency and receive sensitivity in a single compact module, addressing key challenges in next-generation radar design.
The Zacks Rundown for MXL StockOver the past year, MaxLinear shares have surged 609.2% compared with the industry’s 85.9% growth.
Image Source: Zacks Investment Research
In terms of valuation, MXL trades at a forward, three-year Price/Sales (P/S) of 12.11X compared with its 2.80X median and the industry average of 10.88X.
Image Source: Zacks Investment Research
Take a look at how estimates for MaxLinear’s 2026 and 2027 earnings are shaping up.
Image Source: Zacks Investment Research
MaxLinear currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Chewy kupuje Modern Animal, aby posílil veterinární péči a do fiskálního roku 2026 míří na 60 klinik. Modern Animal má v roce 2026 přinést 70 milionů USD tržeb.
Key Takeaways CHWY acquired Modern Animal to expand its veterinary care platform and healthcare ecosystem.CHWY expects roughly 60 clinics by FY26 through combined expansion plans.Modern Animal is projected to contribute $70M to FY26 revenues for CHWY. Chewy, Inc. (CHWY - Free Report) is accelerating its push into pet healthcare through the acquisition of Modern Animal, a technology-enabled veterinary care provider. The deal strengthens Chewy’s presence in the highly attractive and underpenetrated pet healthcare market while supporting its broader strategy of building a comprehensive ecosystem that spans products, pharmacy and veterinary services. Management believes that the company is well-positioned to capitalize on this opportunity as demand for pet healthcare continues to grow.
A key advantage for Chewy is its growing access to veterinary talent in an industry facing a shortage of veterinarians. Management noted that this creates a structural advantage as the company expands its Chewy Vet Care network. Modern Animal adds a highly complementary platform with strong clinical expertise, above-industry unit economics and an experience-led, technology-enabled model that aligns closely with Chewy’s veterinary strategy.
The acquisition is expected to accelerate clinic expansion by combining Chewy Vet Care’s organic growth initiatives with Modern Animal’s existing footprint and development pipeline. Together, the businesses are expected to operate 60 clinics by the end of fiscal 2026, with embedded revenue contribution approaching $290 million at steady state.
Chewy has also incorporated the acquisition into its fiscal 2026 outlook. The company expects net sales of $13.40-$13.55 billion, indicating year-over-year growth of 6.3-7.5%. The guidance includes an estimated $70-million revenue contribution from Modern Animal during fiscal 2026.
While Modern Animal’s clinics generate attractive mature four-wall profitability, management expects the business to create a modest margin-rate drag during 2026 as integration efforts progress. Even so, Chewy maintained confidence in its earnings model and plans to open 10-12 Chewy Vet Care locations this year while integrating Modern Animal into its operating and technology platforms.
CHWY’s Price Performance, Valuation & EstimatesChewy, which competes with BARK, Inc. (BARK - Free Report) and Petco Health and Wellness Company, Inc. (WOOF - Free Report) , has fallen 22.8% in the past three months against the industry’s growth of 10%. Meanwhile, BARK shares have declined 20.4% and Petco has dipped 9.3%.
Image Source: Zacks Investment Research
From a valuation standpoint, CHWY trades at a trailing price-to-sales ratio of 0.59X, below the industry’s average of 2.20X. It has a Value Score of A. CHWY is trading at a premium to BARK (with a trailing 12-month P/S ratio of 0.22) and Petco (0.12).
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for CHWY’s fiscal 2026 and 2027 earnings implies year-over-year growth of 20.5% and 22.2%, respectively. Estimates for fiscal 2026 and 2027 have been revised downward by 10 cents and 13 cents, respectively, in the past 30 days.
Caesars Entertainment rozšiřuje partnerství se třemi Wabanaki Nations o plánovaný vstup do online kasina v Maine. Spuštění je cíleno na rok 2026, pokud získá regulační schválení.
Expanded partnership builds on sports wagering collaboration and positions Caesars and its tribal partners for future online casino launch
AUGUSTA, Maine--(BUSINESS WIRE)--Caesars Entertainment, Inc. (NASDAQ: CZR) (“Caesars”) today announced the expansion of its existing partnership with three Wabanaki Nations: the Houlton Band of Maliseet Indians, the Mi’kmaq Nation and the Penobscot Nation, to include online casino gaming in Maine. The long-term agreement positions Caesars and its tribal partners for a potential iGaming launch in the state in 2026, pending regulatory approvals.
Under the expanded agreement, Caesars plans to bring a portfolio of three online casino brands to Maine: Caesars Palace Online Casino, Caesars Sportsbook & Casino and Horseshoe Online Casino. Each brand offers a distinct digital experience tailored to different player interests.
This expanded partnership builds on the successful launch of Caesars Sportsbook in Maine in 2023 and reflects the shared commitment between Caesars and the three Wabanaki Nations to deliver a best-in-class, responsible digital gaming experience while supporting tribal communities across the state. Caesars will invest in local workforce development by employing, training and developing members of each nation and will provide meaningful financial support to help fund tribal community programs and initiatives.
“As we look ahead to the launch of online casino gaming in Maine, we’re proud to expand our partnership with the Houlton Band of Maliseet Indians, the Mi’kmaq Nation and the Penobscot Nation,” said Eric Hession, President of Caesars Digital. “Together, we’ve built a strong and responsible sports wagering experience, and this next phase reinforces our commitment to our tribal partners and to delivering a differentiated, localized digital gaming experience for Mainers. We’re grateful to Gov. Janet Mills, the Maine Legislature and the Maine Gambling Control Unit for their continued leadership and thoughtful approach to gaming in the state.”
“Penobscot Nation is proud to continue and expand our partnership with Caesars as we look toward the future of online gaming in Maine,” said Chief Kirk Francis of the Penobscot Nation. “Our experience working together on sports wagering has demonstrated the value of aligning with a partner that respects our sovereignty, understands our communities and is committed to long-term success for the Wabanaki Nations. This next phase represents a meaningful opportunity to build on that foundation.”
“The Mi’kmaq Nation values the strong relationship we have built with Caesars and our fellow Wabanaki partners,” said Chief Sheila McCormack of the Mi’kmaq Nation. “Expanding into online casino gaming allows us to continue creating economic opportunities for our people while ensuring that any future platform is developed in a responsible, well-regulated manner that benefits the tribes and the state.”
“The Houlton Band of Maliseet Indians is pleased to deepen our partnership with Caesars as we prepare for the next chapter of gaming in Maine,” said Chief Clarissa Sabattis of the Houlton Band of Maliseet Indians. “This long-term agreement reflects our shared commitment to strengthening Maine’s rural communities and is vital to the Houlton Band’s self-determination and economic self-sufficiency. Internet gaming revenues will provide our tribal government with a more secure, long-term source of revenue that will help us provide essential services and make critical investments in community infrastructure.”
Caesars’ online casino platforms will bring a premier digital entertainment experience to Maine, combining an expansive portfolio of slot titles, table games and live dealer offerings, subject to regulatory approvals, with seamless technology and user-friendly design. Each brand is tailored to meet different player preferences while upholding Caesars’ high standards for quality and Responsible Gaming. The platforms in Maine will integrate with Caesars Sportsbook and feature a single login and wallet experience, powered by Caesars’ Universal Digital Wallet, enabling seamless play across Caesars’ digital offerings.
Integrated with Caesars Rewards®, the company’s industry-leading loyalty program, eligible play will unlock Reward Credits that can be redeemed for unforgettable experiences across Caesars’ destinations nationwide, including stays, dining, entertainment and more.
Caesars Entertainment is an industry leader in Responsible Gaming, known for pioneering Responsible Gaming awareness and education. In 1989, Caesars became the first commercial casino company to address problem gambling by launching the industry’s first Responsible Gaming program, Project 21. Today, the Company’s commitment to ensuring all players are aware of Responsible Gaming resources remains steadfast and spans all of Caesars’ digital platforms and world-class destinations in which it operates. Caesars Entertainment proudly enforces an enhanced 21+ gaming policy that prevents individuals under the age of 21 from using Caesars Rewards and restricts access to its gaming products for individuals under the age of 21.
In March 2024, Caesars Sportsbook received the prestigious RG Check accreditation from the Responsible Gambling Council in Ontario, Canada, which recognizes companies that achieve the highest standards for their Responsible Gaming practices. Just a few months later, the Company was awarded the National Council on Problem Gambling’s award for Corporate Social Responsibility. For more information about Caesars Entertainment's Responsible Gaming program, please visit https://www.caesars.com/corporate.
About Caesars Entertainment, Inc.
Caesars Entertainment, Inc. (NASDAQ: CZR) is the largest casino-entertainment Company in the U.S. and one of the world’s most diversified casino-entertainment providers. Since its beginning in Reno, NV, in 1937, Caesars Entertainment, Inc. has grown through development of new resorts, expansions and acquisitions. Caesars Entertainment, Inc.’s resorts operate primarily under the Caesars®, Harrah’s®, Horseshoe®, and Eldorado® brand names. Caesars Entertainment, Inc. offers diversified gaming, entertainment and hospitality amenities, one-of-a-kind destinations, and a full suite of mobile and online gaming and sports betting experiences. All tied to its industry-leading Caesars Rewards loyalty program, the Company focuses on building value with its guests through a unique combination of impeccable service, operational excellence and technology leadership. Caesars is committed to its employees, suppliers, communities and the environment through its PEOPLE PLANET PLAY framework. For more information, please visit www.caesars.com/corporate.
Responsible Gaming in Maine
Must be 21 or older to gamble. Know When To Stop Before You Start®. Gambling problem? Call 1-800-GAMBLER.
About the 3-Wabanaki Nation Coalition
The Penobscot Nation is a sovereign Indian Nation, whose headquarters are located on Indian Island, Maine. The Tribe has been located here since time immemorial and continues to practice its ancient traditions, including hunting and fishing. Penobscot owns over 150,000 acres of land plus over 220 islands in the Penobscot River. The Tribe operates over 110 programs including law enforcement, health care, natural resource and wildlife management, housing, social services, youth programs and its own school system. The Penobscot Nation is very active in sustainable management of its natural resources, lands and waters, including operating a sustained yield foresting program. Additionally, the Tribe participated in the Penobscot River restoration project removing several dams and opening up over 1,200 miles of habitat for over a dozen sea run fish species.
The Houlton Band of Maliseet Indians is a federally recognized Indian tribe located in Aroostook County, Maine. We are a riverine people who have used our ancestral territory since time immemorial for fishing, hunting, and gathering fiddleheads for food, ash for basket weaving, and birch for canoes. We call our Band “Metahksoniqewiyik” or People of the Meduxnekeag River, a tributary of the St. John or “Wolastoq” that flows through the Town of Houlton. Together, the Maliseet people of the United States and Canada are the “Wolastoqewiyik” or People of the Beautiful, Flowing River. The Maliseets and Mi’kmaqs were signatory to the first treaty entered by the United States—the Treaty of Watertown on July 19, 1776, just 15 days after the Declaration of Independence—sending 600 of our warriors to fight alongside General Washington against Great Britain. Today, our tribal government provides essential services to our community including a medical clinic, courts, low-income housing, child welfare and elder care programs, behavioral health and substance use services, an addiction recovery home, Boys and Girls Club of Maliseet, food distribution, domestic violence and sexual assault services, Head Start and adult education, vocational rehabilitation, emergency management, and natural resources management and protection. We are a statewide leader in Atlantic salmon restoration and work closely with the Towns of Houlton and Littleton and other local governments on road, bridge, water, and other critical infrastructure projects that support jobs for the people of Aroostook County. The Houlton Band of Maliseet Indians invites you to visit our beautiful homeland at Wilderness Pines Campground in Monticello. To learn more about our tribal government and businesses, please visit https://maliseets.net/ and https://www.wildernesspinescampground.com/.
The Mi’kmaq Nation is a federally recognized tribe with 1,633 members in Aroostook County, Maine. The central village and governmental seat is known as the "Bon Aire Village" and is located in the town of Presque Isle. The southern "Littleton Village," is located approximately 45 miles south of Bon Aire, and the northern "Connor Village," is located 25 miles north of Bon Aire. After receiving federal recognition in 1991, the Tribe’s name was officially changed from the Aroostook Band of Micmacs to Mi’kmaq Nation. The Mi'kmaq Nation has created numerous programs to provide its members with support services, housing, infrastructure and a medical clinic. To further benefit their community, Mi’kmaq tribal leaders continuously seek to create a more vibrant economy sensitive to cultural traditions and values. The Mi'kmaq Nation views Maine's Internet Gaming Law as an important opportunity to increase our capacity to deliver essential governmental services to our citizens and to advance the self-sufficiency and self-determination of our Nation.
Howmet Aerospace v 1. čtvrtletí zvýšil tržby z komerčního letectví o 20 % na více než 1,2 miliardy USD. Firma zároveň zvýšila výhled na rok 2026 na tržby 9,575–9,725 miliardy USD.
Key Takeaways HWM's commercial aerospace revenues rose 20% year over year to over $1.2 billion in Q1 2026.HWM benefits from demand for engine spares, aircraft backlogs and rising Boeing and Airbus production.HWM raised its 2026 outlook, expecting $9.575-$9.725 billion in total revenues. Howmet Aerospace Inc. (HWM - Free Report) has been benefiting from persistent strength in the commercial aerospace market. Strong air travel activities have been a major tailwind for the company, as the increased usage of aircraft is driving spending on parts and products that it provides.
Revenues from the commercial aerospace market increased 20% year over year (exceeding $1.2 billion) in the first quarter of 2026, constituting 53% of HWM’s business. Also, revenues from the market increased 12% year over year in 2025.
The sustained strength was attributed to healthy demand for engine spares and a record backlog for new, more fuel-efficient aircraft with reduced carbon emissions. Boeing is also witnessing a gradual production increase, particularly in the 737 MAX widebody aircraft, which is likely to boost demand for Howmet’s products in the market. Also, healthy build rates at Airbus for A320 (narrowbody) and A350 (widebody) aircraft hold promise for its spare engine demand.
HWM is expected to maintain strong business momentum going forward, supported by a solid pipeline of commercial aircraft programs and strength in global air travel. Driven by strength across its businesses, HWM raised its 2026 outlook and currently expects total revenues of $9.575-$9.725 billion and adjusted EBITDA of $3.025-$3.095 billion.
HWM’s Peers in the Commercial Aerospace MarketRBC Bearings Incorporated (RBC - Free Report) is gaining from the strong performance of the Aerospace/Defense segment. Strength in the commercial aerospace market, driven by strong growth in orders from the OEM and the aftermarket verticals, is driving the Aerospace/Defense segment. The segment’s revenues were up 41.2% year over year in fourth-quarter fiscal 2026 (ended March 2026).
Parker-Hannifin Corp.’s (PH - Free Report) Aerospace Systems segment is experiencing strength in the commercial and military markets across both the OEM and aftermarket channels. Revenues from Parker-Hannifin’s Aerospace Systems segment jumped 15.5% year over year in the third quarter of fiscal 2026 (ended March 2026). Parker-Hannifin’s Aerospace Systems segment is poised to gain from strong demand for its products and aftermarket support services in the general aviation market.
HWM's Price Performance, Valuation and EstimatesShares of Howmet have gained 17.1% in the past three months against the industry’s decline of 0.2%.
Image Source: Zacks Investment Research
From a valuation standpoint, HWM is trading at a forward price-to-earnings ratio of 51.74X, above the industry’s average of 33.01X.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for HWM’s earnings has been on the rise over the past 60 days.
Image Source: Zacks Investment Research
The company currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
KLA zvýšila výhled tržeb z pokročilého balení polovodičů na zhruba 1 miliardu USD v roce 2026. Onto Innovation očekává v roce 2026 růst tržeb o více než 30 %.
Key Takeaways KLA targets $1B in advanced packaging process control revenue in 2026, above prior expectations.Onto expects 30% revenue growth in 2026, aided by AI packaging and HBM demand.ONTO gained 27.3% in one month and trades at 39.61X forward earnings versus KLAC at 52.71X. The semiconductor industry is entering a major investment cycle, fueled by AI, advanced packaging, HBM and next-generation chip manufacturing. Among them, Onto Innovation, Inc. (ONTO - Free Report) and KLA Corporation (KLAC - Free Report) stand out as leaders in process control, inspection and metrology. KLA is the dominant industry player, while Onto Innovation is a fast-growing specialist focused on advanced packaging and semiconductor inspection technologies, making them a highly relevant comparison for investors.
Per a report from Fortune Business Insights, the global semiconductor metrology and inspection equipment market size is estimated to go from $15.84 billion in 2026 to $27.56 billion by 2034, at a CAGR of 7.2%. The semiconductor equipment market is growing as AI chips require increasingly precise manufacturing. Key demand drivers include advanced packaging, chiplet architectures, HBM, 2.5D/3D integration, automotive semiconductors and AI accelerator production. KLA benefits across leading-edge nodes, while ONTO is leveraged for advanced packaging investments.
Although both companies operate in similar markets, they differ significantly in size, product portfolio, customer exposure and growth prospects. Investors seeking exposure to semiconductor equipment must decide whether they prefer the stability of an established industry giant like KLA or the higher-growth potential offered by Onto Innovation.
The Case for KLACKLA is the global leader in semiconductor process control, benefiting from advanced inspection and metrology technologies, strong customer relationships and high switching costs as chip manufacturing becomes increasingly complex. KLA continues to view AI as a major growth driver and a key contributor to its accelerating momentum. The company is experiencing stronger-than-expected traction in advanced packaging, prompting it to raise its outlook for advanced packaging-related semiconductor process control revenue from approximately $635 million in 2025 to around $1 billion in 2026, which is significantly above previous expectations.
Since 2021, KLA has expanded its process control market share by 360 basis points and now holds a position roughly seven times larger than its nearest competitor. It expects accelerating wafer fabrication equipment growth in 2026 and 2027, driven by increasing demand for process control across leading-edge logic, HBM, advanced packaging, faster product cycles and rising semiconductor design complexity. These trends are increasing the need for KLA’s solutions to improve R&D efficiency, support fab ramps and optimize manufacturing yields.
KLA’s increasingly advanced systems and longer tool lifecycles are strengthening its high-margin services business, creating a predictable long-term growth driver as customers demand greater tool performance and uptime. Reflecting this momentum, the company introduced a 2030 financial model targeting 13-17% revenue CAGR, raised its services growth outlook to 13-15%, increased its capital return target to more than 90% of free cash flow and announced its 17th consecutive dividend increase along with a new $7 billion share repurchase authorization. KLA expects to outpace the broader wafer equipment market through 2030, supported by the growing importance of process control across semiconductor manufacturing.
Image Source: Zacks Investment Research
Despite the positive outlook, investors should monitor several risks. Emerging technologies such as electron-beam inspection could alter competitive dynamics in process control, requiring KLA to increase R&D spending if competing solutions offer superior performance or cost efficiency. Additionally, elevated component costs, including DRAM used in system image-processing computers, are expected to pressure gross margins through at least 2026. While supply remains secure, unfavorable product mix shifts or additional tariffs could further weigh on profitability and operating leverage.
The Case for ONTORather than competing directly across KLA's entire product lineup, Onto Innovation focuses on niche markets experiencing rapid growth, especially those benefiting from AI chips and heterogeneous integration. Its smaller size allows it to grow faster when semiconductor capital spending accelerates. It has delivered strong revenue growth, driven by AI-related packaging demand, advanced inspection solutions, rising customer adoption, growing software revenue and expansion into specialty semiconductor markets. Its smaller revenue base also lets new customer wins generate an outsized percentage growth.
ONTO expects momentum to speed up in the second half of the year, supported by customer expansions, increasing adoption of new products and a growing backlog, leading to more than 15% sequential revenue growth and over 30% revenue growth in 2026. Demand is fueled by AI and high-performance computing applications, while the company's integrated optical process control and software solutions, strengthened through its strategic collaboration with Rigaku, enhance its value proposition for semiconductor manufacturers. As semiconductor manufacturers adopt more complex materials and 3D structures, management anticipates rising demand for hybrid metrology solutions that merge optical and X-ray technologies.
Image Source: Zacks Investment Research
Its Ai Diffract software, developed with Rigaku, has already secured two competitive wins and multiple customer evaluations, demonstrating its ability to address advanced process control challenges. The collaboration opens new revenue opportunities via software licensing and integrated metrology solutions, while Onto Innovation's 27% investment in Rigaku reinforces long-term alignment and access to next-generation X-ray technology. Combined, these capabilities position Onto Innovation to leverage growing demand in advanced packaging and cutting-edge semiconductor manufacturing.
Furthermore, ONTO’s Dragonfly platform is becoming a major growth driver, supported by a more than $240 million HBM-related volume purchase agreement through 2027 and expanding adoption across AI-driven advanced packaging applications. Recent customer qualifications, strong order momentum and growing demand for 3D inspection technologies are strengthening its position in high-bandwidth memory and advanced packaging markets, with the company expecting advanced packaging revenue to grow more than 50% in 2026.
Despite strong growth prospects, Onto Innovation faces risks from cyclical semiconductor spending, intense competition, customer concentration and geopolitical uncertainties in Asia. The company must continue innovating to maintain its market position, while ongoing supply chain constraints, particularly in precision optics, could adversely impact revenue growth and profitability.
Share Performance Trajectory for ONTO & KLACIn the past month, ONTO stock has surged 27.3% while KLAC has gained 37.5%.
Image Source: Zacks Investment Research
Valuation: Discount vs. PremiumValuation often determines future investment returns. In terms of forward price/earnings, ONTO shares are trading at 39.61X, lower than KLAC’s 52.71X.
Image Source: Zacks Investment Research
How the Zacks Consensus Estimate Compares for ONTO & KLACEarnings estimates for ONTO have moved up for both 2026 and 2027 over the past 60 days.
Image Source: Zacks Investment Research
For KLAC estimates have moved up for both 2026 and 2027 over the past 60 days as well.
Image Source: Zacks Investment Research
ONTO vs. KLAC: Which Stock is the Better Pick?Both ONTO and KLAC currently carry a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Both companies are well-positioned to benefit from the long-term expansion of semiconductor manufacturing, but they appeal to different types of investors. KLA is a strong choice for conservative investors, offering market leadership, solid profitability, recurring revenue and lower risk. Onto Innovation provides higher growth potential through its exposure to advanced packaging and AI semiconductor trends, but with greater volatility. Overall, KLA is better suited for stability and long-term consistency, while Onto Innovation appeals to investors seeking higher-risk, higher-reward opportunities.
Nonetheless, holding both stocks at present could provide balanced exposure to semiconductor industry growth, combining KLA’s stability with Onto Innovation’s higher growth potential.
Globus Medical v 1. čtvrtletí vykázala kurzovou ztrátu 2,1 mil. USD, i když zahraniční tržby vzrostly o 35,6 % na 155,0 mil. USD. Marže zůstává pod dlouhodobým cílem a náklady rostou.
Key Takeaways Globus Medical faces inflation, geopolitical and rate uncertainty that can disrupt supply chains. Globus Medical saw SG&A rise and incurred restructuring costs tied to integration efforts. Globus Medical posted a $2.1M FX loss despite strong international sales growth in Q1 2026. Globus Medical (GMED - Free Report) operates in a challenging environment caused by interest rate uncertainty, inflation and geopolitical tensions, which can disrupt supply chains and increase costs. While gross margin improved to 69.2% in the first quarter of 2026, it remains below management’s long-term target of the mid-70% range, leaving limited room to absorb higher costs.
Selling, general and administrative expenses rose to $297.8 million from $242.8 million a year earlier, mainly due to higher compensation and benefit costs associated with increased sales volume. The company also incurred restructuring expenses as it continues integration and synergy initiatives, which could lead to fluctuations in near-term operating costs.
Globus Medical’s international business adds another source of uncertainty. International net sales reached $155.0 million in the first quarter of 2026, increasing 35.6% year over year on a reported basis and 27.8% on a constant currency basis, highlighting the impact of exchange rate movements on reported results.
The company recorded a $2.1 million foreign currency transaction loss during the quarter, which reduced other income. With significant operations in regions such as Japan, the Eurozone, the United Kingdom and Australia, ongoing currency fluctuations could continue to affect revenue growth, profit margins and operating expenses over time.
Peer UpdateMedtronic’s (MDT - Free Report) operations remain vulnerable to cost inflation, reimbursement constraints, geopolitical disruption and changing global trade policies. It also embedded a roughly 1-point EPS drag from higher fuel and transportation costs tied to the recent shift in the geopolitical environment.
Medtronic generates a large portion of sales internationally, leaving reported results sensitive to exchange rates. Foreign exchange added $819 million to fiscal 2026 revenues, but fiscal 2027 guidance assumes a neutral to $100 million revenue drag.
Edwards Lifesciences’ (EW - Free Report) extensive global operations and overseas manufacturing facilities and suppliers bring certain financial, economic, political and other risks. The business is also currently experiencing staffing shortages within the hospital systems.
In the first quarter of 2026, these issues resulted in a 20.2% increase in COGS and a year-over-year decline of 64 basis points in gross margin. Foreign exchange is a major headwind for Edwards due to a considerable percentage of its revenues coming from outside the United States. Foreign exchange rates negatively impacted the second quarter gross profit margin by 60 basis points compared to the prior year.
GMED’s Stock Price PerformanceOver the past year, GMED shares have surged 37.1%, outperforming the industry’s 4.6% decline.
Image Source: Zacks Investment Research
GMED’s ValuationGMED currently trades at a forward 12-month price-to-sales (P/S) of 3.26X compared with the industry median of 4.49X.
Image Source: Zacks Investment Research
GMED Stock Estimate TrendIn the past 30 days, GMED's EPS estimate for 2026 has moved north to $4.74.
Image Source: Zacks Investment Research
GMED currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Planet Fitness v 1. čtvrtletí překonal odhady zisku, ale zpomalil růst nových členů a snížil celoroční výhled. Akcie jsou letos níže o 51,7 % a blízko pětiletých minim.
Key Takeaways In Q1 2026, Planet Fitness beat on earnings but saw slowing in new membership growth.Planet Fitness cut full year guidance and analysts slashed earnings estimates for 2026.Shares of Planet Fitness are down 51.7% year-to-date and are near 5-year lows. Planet Fitness, Inc. (PLNT - Free Report) saw slower than expected growth in new memberships to start the year and pushback on price increases of its premier membership, Black Card. This Zacks Rank #5 (Strong Sell) lowered its full year guidance.
Planet Fitness is one of the largest and fastest-growing operators of fitness centers. As of Mar 31, 2026, Planet Fitness had approximately 21.5 million members with 2,909 clubs in all 50 states, Puerto Rico, and the District of Columbia. It also has clubs internationally in Canada, Panama, Mexico, Australia, and Spain.
In the United States, the clubs start at $15.00 a month for the classic membership.
Planet Fitness Beat on Earnings for the Fourth Consecutive QuarterOn May 7, 2026, Planet Fitness reported its fiscal first quarter 2026 results and beat the Zacks Consensus for the fourth consecutive quarter. It has an outstanding earnings surprise track record. It has only missed three times in the last five years.
Earnings were $0.74 compared to the Zacks Consensus Estimate of $0.63, for a 17.5% beat.
Total revenue rose by 21.9% to $337.2 million from the year ago quarter.
System-wide same club sales gained 3.5%.
"In the first quarter, our top and bottom line results exceeded expectations,” said Colleen Keating, CEO.
“However, 2026 is off to a slower than expected start from a net member growth perspective as we faced internal and external headwinds during our peak sign-up period. As a result, we are sharpening our marketing to prioritize capturing demand and driving net member growth. Additionally, we are pausing the planned national Black Card price increase pending a broader pricing review," she added.
PF Black Card is the new premier membership level which, as of June 22, 2026, one of the clubs in the Chicago area was charging $24.99 a month for.
With the Black Card, you can access any Planet Fitness Club, you can bring a guest anytime, you have access to digital workouts and free in-club fitness training, among other perks.
Planet Fitness Lowers Full Year GuidanceWith the slow start to the year with net new members and the pause on the national Black Card price increase, it’s not a surprise that Planet Fitness had to lower expectations.
The analysts also had to get in line with the new reality.
As a result, there were seven earnings estimates cut for fiscal 2026 in the last 60 days. That pushed the Zacks Consensus down to $3.22 from $3.38 in that time.
However, that’s still earnings growth of 4.9% as Planet Fitness made $3.07 last year.
Analysts are bearish on fiscal 2027 as well with seven estimates lowered for next year in the last 60 days. The 2027 Zacks Consensus Estimate has fallen to $3.53 from $3.99.
That is still earnings growth of 9.6% over fiscal 2026.
Why the Zacks Rank #5 (Strong Sell)?With earnings growth expected for fiscal 2026 and 2027, you might be wondering, why is Planet Fitness a Strong Sell?
The Zacks Rank is determined by changes to earnings estimates. When 7 analysts are cutting, for both 2026 and 2027, and none are raising during that time, it sends a signal that the analysts are bearish.
Here’s the earnings outlook on the five-year price and consensus chart.
Image Source: Zacks Investment Research
Shares of Planet Fitness Plunge Near a 5-Year LowEven though Planet Fitness has an excellent earnings surprise track record, and beat on earnings again in Q1 2026, it cut guidance.
Shares of Planet Fitness plunged on that news to near 5-year lows.
However, the shares had also been falling before the earnings report and are now down 51.7% year-to-date on concerns about GLP-1s impacting fitness centers and the strength, or lack thereof, of the consumer during uncertain times.
Image Source: Zacks Investment Research
After the sell-off, is it cheap?
Planet Fitness is trading with a forward price-to-earnings (P/E) ratio of 16.4. That’s attractive compared to the S&P 500 which is trading at 21x, but investors often look for stocks priced with a P/E under 15 to find real value.
Planet Fitness is shareholder friendly. It bought back $50 million in shares in the first quarter of 2026. It doesn’t pay a dividend, however.
Investors interested in a fitness stock like Planet Fitness might want to wait on the sidelines for the analysts to get more bullish on the company before diving in. Look for analysts raising their estimates, instead of cutting them.
C.H. Robinson koupila DeSpir Logistics za zhruba 75 milionů USD v hotovosti. Akvizice posiluje přepravu vysoce hodnotného a citlivého nákladu a má být v roce 2026 mírně akreční.
EDEN PRAIRIE, Minn.--(BUSINESS WIRE)--C.H. Robinson (NASDAQ: CHRW), the global leader in Lean AI supply chains, today announced it has acquired DeSpir Logistics, a specialized provider of secure transportation solutions and cargo escort services for mission-critical, high-value freight across North America.
This acquisition strengthens C.H. Robinson’s capabilities in premium, defensible services where security, compliance, and execution excellence are key decision drivers. This builds on the company’s ability to deliver tailored solutions for highly sensitive, regulated shipments across industries such as healthcare, life sciences, data centers, aerospace, and high-value retail — where precision, pre-planning, and real-time visibility are critical. Demand for these services is accelerating as supply chains become more complex and cargo theft grows more sophisticated.
“With DeSpir, we’re strengthening how we help customers move freight that requires an extra layer of protection. This is the kind of cargo where the stakes are incredibly high, like life-saving pharmaceuticals that must stay within strict temperature ranges, or critical data center equipment that is frequently targeted for theft,” said Adam McDonough, vice president of committed assets. “Think of it like this: C.H. Robinson is the large, highly efficient logistics engine with industry leading safety and fraud prevention, while DeSpir is a specialized operations team within it — designed to handle complex, high-risk, high-value freight with the greatest level of control and precision. This is a specialized service that many of our customers need.”
The acquisition also expands C.H. Robinson’s network of highly vetted, security-focused carriers, further strengthening its ability to move a wider range of high-value freight. To meet the specialized demands of these shipments, drivers undergo individual vetting, maintain required certifications, and are subject to ongoing audits. Unlike traditional carrier networks built primarily for scale, reliability, safety, and flexibility, this closed-loop network is also built for maximum control and security.
In addition, DeSpir enhances the company’s technology portfolio with advanced, high-security capabilities across the life of a shipment, including strengthening real-time monitoring of temperature fluctuations and detecting potential cargo tampering to address risks before they escalate. By applying C.H. Robinson’s Lean AI approach to DeSpir’s high-security platform, the company can further scale these capabilities, unlocking greater visibility, deeper insights, and improved performance across high-stakes supply chains.
“We’re taking very specific, nuanced expertise and coupling it with our scale,” said Michael Castagnetto, president of North American Surface Transportation. “By bringing together highly vetted carriers, advanced technology, and logisticians who know high-value freight inside and out — powered by our Lean AI — we’re able to deliver the level of precision, security, and white-glove service these shipments demand.”
“We’re proud of the team and the specialized capabilities we’ve built at DeSpir,” said John Carr, Managing Partner at DeSpir Logistics. “Joining C.H. Robinson allows us to extend that expertise to more customers, while continuing to deliver the level of control and precision our customers have always expected from us. It’s a strong fit for our people and for what we’ve built.”
The acquisition of DeSpir builds on C.H. Robinson’s disciplined approach to growth, adding targeted capabilities that strengthen its ability to serve complex, high-value segments and key strategic verticals while increasing customer value.
“We’ve been deliberate and disciplined in how we approach M&A,” said Damon Lee, Chief Financial Officer. “Over the past year, we’ve strengthened our operating model, sharpened our focus, and built a more efficient cost structure — putting us in a position to invest with purpose to enhance our value creation. DeSpir brings differentiated expertise, which when combined with C.H. Robinson’s scale, we expect to deliver superior results for our customers, carriers and shareholders.
DeSpir had $62 million in total revenues for the fiscal year ended December 31, 2025. C.H. Robinson purchased DeSpir for approximately $75 million in cash. The acquisition is expected to be slightly accretive in 2026 and will be financed through cash on hand. The deal officially closed today.
About C.H. Robinson
C.H. Robinson is the global leader in Lean AI supply chains. For more than a century, companies everywhere have looked to us to reimagine how goods move. Now, as we redefine what’s next for the industry, that same drive fuels our commitment to Building Tomorrow’s Supply Chains, Today™. Trusted by 75,000 customers and 450,000 contract carriers, we manage 37 million shipments annually, representing $23 billion in freight. We deliver tailored solutions across the world via truckload, less-than-truckload, ocean, air, and more. With our unique combination of human insight and Lean AI working as one, supply chains move faster, smarter, and more sustainably. As a responsible global citizen, we proudly contribute millions to the causes that matter most to our employees. For more information, visit us at chrobinson.com (Nasdaq: CHRW).
About DeSpir Logistics
DeSpir Logistics LLC is the leading specialized transportation provider for high-value, high-risk, and temperature-controlled cargo. Transporting critical assets calls for extraordinary measures and DeSpir leverages proprietary technologies and processes to plan for everything, assume nothing, and execute flawlessly. DeSpir’s service uses Quality Management standards that are based on GDP and TAPA guidelines and informed by our extensive experience with transporting expedited and high value cargo.
Forward-Looking Statements
Except for the historical information contained herein, the matters set forth in this release are forward-looking statements that represent our expectations, beliefs, intentions or strategies concerning future events. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from our historical experience or our present expectations, including, but not limited to whether and when the Company will be able to realize the expected financial results of the transaction, and how customers, competitors and employees will react to the transaction, as well as other risks and uncertainties detailed in our Annual and Quarterly Reports. Any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update such statements to reflect events or circumstances arising after such date.
SoFi spustila AI investiční platformu Composer by SoFi po akvizici Composer Securities. Umožňuje investorům tvořit, testovat a automatizovat strategie v přirozeném jazyce.
Digital financial services app SoFi has introduced an AI-powered investing platform.
Composer by SoFi, announced Tuesday (June 23), is designed to allow investors to employ artificial intelligence to develop, test and automate investment strategies using natural language.
It follows the company’s acquisition of Composer Securities, SoFi said in a news release provided to PYMNTS.
“Composer has built one of the most innovative AI-powered investing platforms available to retail investors today,” said Anthony Noto, SoFi’s chief executive.
“Our acquisition of Composer reflects SoFi’s strategy of identifying innovative technologies and exceptional teams that can strengthen our ecosystem over time. As AI becomes a foundational part of investing, Composer by SoFi strengthens our ability to deliver powerful investing tools through an experience that is simple, intuitive, and accessible.”
According to the release, Composer lets investors design their own strategies, while also exploring “community-built” strategies.
“An investor who feels they missed an AI sector rally can search over 2,000 community-built strategies, find one focused on AI and semiconductor leaders, review how it would have performed historically, and deploy it within seconds,” the release said.
Investors who aren’t sure which way the market will go can meld strategies designed for a variety of market environments and automate them together, SoFi added.
While other agentic tools use AI to continuously make trading decisions, SoFi says Composer employs the technology to help investors build “sophisticated rules-based strategies” that are executed automatically and follow clear, predefined rules which can be refined with specific weights, conditions and filters.
“This means investors maintain visibility into how their strategies work and can evaluate historical performance across different market environments before deciding whether to activate a strategy,” the company added.
As PYMNTS wrote last month, Noto has framed SoFi’s strategy around helping members manage their money holistically instead of introducing isolated products.
“Our critical success factor is helping people spend less than they make and invest the rest,” Noto said during an earnings call.
He added that consumers increasingly require financial guidance “for all the days in between,” and not simply for major financial decisions.
SoFi also recently acquired Peach Finance, a lending infrastructure startup that specializes in loan servicing software.
“This acquisition represents a significant expansion of SoFi’s business model, which has evolved beyond providing consumer financial products to offering a robust infrastructure layer for third-party banks and FinTechs,” PYMNTS wrote last month. “By incorporating Peach’s specialized software, SoFi adds a critical component to its enterprise ecosystem.”
Varonis Systems (NASDAQ:VNRS) is considering a sale of its business after fielding takeover interest from major private equity firms including Blackstone, Thoma Bravo, and Vista Equity Partners, Bloomberg reported, with Wedbush analysts saying a deal would make strategic sense given the cybersecurity company's discounted valuation.
Varonis is working with advisers as it evaluates interest from financial buyers, according to the Bloomberg report.
Wedbush analyst Dan Ives, who maintains an Outperform rating and $37 price target on the stock, has the company has been on his M&A watchlist and believes it is undervalued relative to its peers.
Varonis shares have been under pressure after falling roughly 30% earlier this year, hurt by competitive threats from AI labs Anthropic and OpenAI, which each launched vulnerability detection and patching tools that raised concerns about disruption to Varonis' software-as-a-service model. The company also faces competition from cybersecurity platform providers Palo Alto Networks and CrowdStrike.
Despite the selloff, Wedbush noted the stock still trades at a significant discount to its peer group, with Varonis fetching approximately 3.9 times 2027 enterprise value-to-revenue versus the roughly 7.3 times multiple commanded by comparable cybersecurity names, a gap the analyst said makes the company a prime acquisition candidate.
Wedbush said each of the private equity suitors named by Bloomberg has extensive software and cybersecurity portfolios and would be positioned to bundle Varonis' capabilities into existing product suites for additional upsell and cross-sell opportunities.
Ives noted that while Varonis has made progress with its SaaS-first model and pipeline development, the company has faced challenges converting deals as competition in the managed detection, data, and response market intensifies. Varonis has increasingly leaned on AI and machine learning to power user behavior analysis and threat modelling, capabilities Wedbush said should improve the value of its portfolio and expand its addressable market ahead of any potential transaction.
"We believe that we are still in the early stages of consolidation within the space," Wedbush said, adding that more customers are seeking all-in-one platform approaches rather than purchasing multiple products across vendors.
Shares of Varonis were on track to finish nearly 8% higher on Tuesday.
Lexicon posouvá sotagliflozin do fáze III u HCM, přičemž topline data čeká v 1. čtvrtletí 2027. Současně míří na opětovné podání NDA pro T1D v roce 2026.
Key Takeaways Lexicon is advancing sotagliflozin in a phase III HCM study, with top-line data expected in Q1 2027.Lexicon's Novo Nordisk-partnered LX9851 entered phase I in 2026, with milestone-payment potential.LXRX targets a 2026 T1D NDA resubmission for sotagliflozin, pending STENO1 & fulfillment of FDA requirements. Lexicon Pharmaceuticals (LXRX - Free Report) is advancing its cardiometabolic franchise, led by its sole marketed drug, sotagliflozin. Sotagliflozin, an oral inhibitor of sodium-glucose cotransporter types I and II (SGLT1 and SGLT2), has been marketed in the United States as Inpefa since 2023 to reduce the risk of cardiovascular death and heart failure in adults. Lexicon has granted Viatris (VTRS - Free Report) the rights to develop, seek regulatory approvals for and commercialize sotagliflozin in markets outside the United States and Europe.
The company’s top line comprises product revenues from Inpefa, licensing and milestone revenues from LX9851, its obesity-focused asset partnered with Novo Nordisk (NVO - Free Report) and royalties from a previously commercialized product, Xermelo.
In 2020, Lexicon sold its commercial rights to Xermelo under an asset purchase and sale agreement to TerSera Therapeutics, receiving upfront payments while retaining certain ongoing royalty and milestone payment rights on Xermelo from TerSera Therapeutics.
The company is entering a catalyst-rich period, with several potentially transformative milestones expected across its cardiometabolic pipeline over the next 12 months.
Year to date, LXRX shares have surged 74.8% against the industry’s 1.7% decline.
Image Source: Zacks Investment Research
Sotagliflozin Becomes a Multi-Indication Growth Asset for LXRXLexicon is actively pursuing label expansion opportunities for sotagliflozin beyond its current heart failure indication. The company is enrolling patients in the pivotal phase III SONATA-HCM study evaluating sotagliflozin in hypertrophic cardiomyopathy (HCM), a chronic and progressive heart disease characterized by abnormal thickening of the heart muscle. Enrollment is expected to be completed in mid-2026, with top-line data anticipated in the first quarter of 2027. Positive clinical data could substantially increase investor confidence in the long-term growth trajectory of the drug.
Beyond HCM, LXRX is also pursuing approval of sotagliflozin for glycemic control in adults with type I diabetes (T1D) and remains on track for potential new drug application (NDA) resubmission and regulatory approval in 2026, subject to the successful completion of the ongoing STENO1 study and fulfillment of FDA data requirements. If approved, the company will market the drug under the brand name Zynquista.
To remind investors, Lexicon received a complete response letter from the FDA in 2019, which expressed concerns regarding the risk of diabetic ketoacidosis, a potentially serious complication associated with SGLT inhibitor use in patients with T1D. The agency requested additional data to better characterize the drug's safety profile and demonstrate that the benefits outweigh the risks.
NVO-LXRX Licensing Agreement to Boost Cash PositionLexicon entered into a licensing agreement withNovo Nordisk in 2025,under which the latter is developing LXRX’s LX9851, a first-in-class oral small-molecule inhibitor of acyl-CoA synthetase 5 for obesity and associated metabolic disorders. NVO initiated a phase I study in March 2026, which is expected to be completed in the first quarter of 2027. Per the licensing agreement, Lexicon has already received $55 million in upfront and milestone payments and remains eligible for up to $1 billion in additional development, regulatory and commercial milestones, along with tiered royalties on future sales.
Lexicon’s Another Pipeline Asset on the MoveAnother pipeline asset of Lexicon is pilavapadin (LX9211), an investigational oral, non-opioid therapy for diabetic peripheral neuropathic pain (DPNP). Following FDA clearance, the company plans to advance the candidate into phase III development. The primary endpoint will be the change in average daily pain score. If approved, pilavapadin would be the first oral, non-opioid therapy approved for neuropathic pain in more than 20 years. Lexicon is exploring strategic partnership opportunities to support the therapy's global development and commercialization.
Lexicon highlighted encouraging preclinical findings in March, suggesting that pilavapadin may have potential as a novel oral treatment for spasticity associated with conditions such as multiple sclerosis and spinal cord injury.
LXRX's Zacks Rank & EstimatesLexicon currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Over the past 30 days, estimates for LXRX’s loss per share have remained unchanged at 17 cents for 2026 and 24 cents for 2027.
Eastman koupil značku Jarylec a vybraná aktiva od Arkema, čímž posílil svou pozici v oblasti dielektrických kapalin. Výrobu chce dál držet v Marl v Německu.
Key Takeaways Eastman acquired Jarylec assets from Arkema, strengthening its dielectric fluids market position.Jarylec products are used in high-voltage transformers and power grid applications.Eastman plans to keep Jarylec production in Marl, Germany, with its quality standards. Eastman Chemical Company (EMN - Free Report) has announced the acquisition of the Jarylec dielectric fluids’ brand and selected assets from Arkema France, strengthening its position as a technology platform and enhancing its offerings in the dielectric fluids market. The acquisition includes key trademarks, customer list, technical documentation and intellectual property associated with the Jarylec brand. The products of this segment are widely used in high-voltage transformers and power grid applications.
Eastman claimed that the customers will continue to receive the quality and service associated with the trusted Jarylec brand, now supported by Eastman’s manufacturing expertise and global technical service network. It plans to continue producing the dielectric fluid products under the Jarylec brand at its existing manufacturing facility in Marl, Germany. The company said it will utilize its state-of-the-art production processes and rigorous quality standards to ensure consistent product performance.
The Jarylec brand has earned a strong reputation in the industry for its reliability and the acquisition is expected to enhance Eastman’s capabilities in serving customers.
Additionally, Eastman expects tailwinds from improved sales volume/mix in Advanced Materials and, to a lesser extent, Additives & Functional Products, along with substantial spread improvement in Chemical Intermediates, in the second fiscal quarter. It has also maintained its cost-reduction target of $125 million to $150 million, net of inflation and expects tailwinds from lower shutdown expense, improved utilization and favorable foreign-currency effects for the next quarter. The capital expenditures are expected to be approximately $400 million in 2026.
EMN shares have lost 3.4% over the past year against the industry’s 8% growth.
Image Source: Zacks Investment Research
EMN’s Zacks Rank & Key PicksEMN currently sports a Zacks Rank #3 (Hold).
Some better-ranked stocks in the Basic Materials space are Albemarle Corporation (ALB - Free Report) , Dow Inc. (DOW - Free Report) and Avino Silver & Gold Mines Ltd. (ASM - Free Report) .
While ALB and DOW sport a Zacks Rank #1 (Strong Buy) each at present, ASM carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for ALB’s 2026 earnings is pinned at $12.39 per share, indicating a 1,668.35% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed once, with an average surprise of 74.5%. ALB’s shares have jumped 177.3% over the past year.
The Zacks Consensus Estimate for DOW’s 2026 earnings is pegged at $2.61 per share, indicating a rise of 377.66% year over year. Its earnings beat the Zacks Consensus Estimate in three of the trailing four quarters. DOW’sshares have gained 18.1% over the past year.
The Zacks Consensus Estimate for ASM’s current fiscal-year earnings is pinned at 39 cents per share, indicating a 34.48% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise of 125%.
Sterling uvádí v Texasu mimořádně silné podmínky a rychle rostoucí zakázky, které pomohly zvýšit kombinovaný backlog CEC o 1,2 miliardy USD od konce roku 2025. Firma zároveň míří na větší víceleté projekty.
Key Takeaways Sterling sees exceptionally strong Texas conditions, with robust award activity boosting momentum.CEC project wins in Texas helped drive a $1.2 billion increase in combined backlog since year-end 2025.STRL is pursuing larger, multi-year projects as customers expand capital deployment plans. Sterling Infrastructure, Inc. (STRL - Free Report) is seeing a growing opportunity in Texas as demand for large-scale infrastructure projects accelerates across the state. The market has become increasingly important for the company, supported by rising activity in mission-critical developments and a growing need for experienced contractors capable of handling complex projects. Texas is also benefiting from substantial investments in digital infrastructure, creating a favorable backdrop for long-term growth.
In the first quarter of 2026, Sterling pointed to exceptionally strong conditions in Texas, with robust award activity supporting business momentum. The company is expanding its presence by leveraging resources from both western and southeastern operations. This allows the company to pursue opportunities across different parts of the state. Texas also contributed meaningfully to recent project wins secured by CEC, Sterling’s electrical services business, which helped drive a $1.2 billion increase in CEC’s combined backlog since year-end 2025.
The opportunity extends beyond near-term project awards. Customers are increasingly seeking partners with the capacity to support larger and longer-duration programs, and Sterling is benefiting from those trends. The company indicated that project sizes in Texas are growing rapidly, with some developments expected to span several years. As customers expand their capital deployment plans, Sterling is being drawn into additional markets and projects where execution capabilities have become a key differentiator.
While Texas is only one part of Sterling’s broader growth strategy, the scale of infrastructure investment taking place in the state suggests it could become an increasingly important contributor to future revenue opportunities. Strong customer demand, expanding project scopes and growing market presence position Sterling to capture additional value from this favorable infrastructure cycle.
How Sterling Compares With Key Infrastructure RivalsSterling operates in attractive infrastructure markets supported by data center expansion and broader investment in digital and industrial infrastructure. Two notable competitors are MasTec, Inc. (MTZ - Free Report) and EMCOR Group, Inc. (EME - Free Report) , both of which have established positions across large-scale engineering and construction projects.
MasTec has built a diversified infrastructure platform spanning communications, power delivery, clean energy, pipeline and civil construction. The company is benefiting from rising investments in AI-driven data centers, grid modernization and connectivity infrastructure, while also expanding its turnkey capabilities for mission-critical projects. These strengths position MasTec as a significant competitor in infrastructure projects linked to data center growth.
EMCOR is another major competitor with strong capabilities in electrical and mechanical construction and building services. The company continues to see robust demand from data centers, manufacturing, healthcare, institutional and water infrastructure markets, supported by expertise in complex mission-critical projects and long-standing customer relationships. While EMCOR serves a broader mix of end markets, the growing exposure to data center construction places it in direct competition for large infrastructure opportunities.
STRL Stock’s Price Performance & Valuation TrendShares of this Texas-based infrastructure services provider have gained 191.4% year to date, outperforming the Zacks Engineering - R and D Services industry, the broader Construction sector and the S&P 500 Index.
STRL’s Price Performance (YTD)
Image Source: Zacks Investment Research
STRL stock is currently trading at a premium compared with its industry peers, with a forward 12-month price-to-earnings (P/E) ratio of 38.45, as shown in the chart below.
STRL's P/E Ratio (Forward 12-Month) vs. Industry
Image Source: Zacks Investment Research
Earnings Estimate Revision of STRLSTRL’s earnings estimates for 2026 and 2027 have moved upward in the past 30 days to $19.31 and $27.43 per share, respectively, as shown below. The revised estimates for 2026 and 2027 imply year-over-year growth of 77.5% and 42.1%, respectively.
Image Source: Zacks Investment Research
Sterling currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
LOS ANGELES--(BUSINESS WIRE)--Korn Ferry (NYSE:KFY), a global consulting firm, today announced its Board of Directors has declared a cash dividend of $0.55 per share that will be payable on July 31, 2026 to shareholders of record on July 6, 2026.
“We are pleased to announce another quarterly cash dividend,” said Gary D. Burnison, CEO, Korn Ferry. “This decision underscores the strength and resilience of our business. Also reflecting our continued commitment to a balanced approach to capital allocation and delivering long-term value for shareholders is our purchase of 1.2 million shares during the quarter, bringing total FY’26 buybacks to 1.8 million shares.”
About Korn Ferry
Korn Ferry is a global consulting firm that powers performance. We unlock the potential in your people and unleash transformation across your business—synchronizing strategy, operations, and talent to accelerate performance, fuel growth, and inspire a legacy of change. That’s why the world’s most forward-thinking companies across every major industry turn to us—for a shared commitment to lasting impact and the bold ambition to Be More Than.
Forward-Looking Statements
Statements in this Press Release that relate to Korn Ferry’s goals, strategies, future plans and expectations, and other statements of future events or conditions are forward-looking statements that involve a number of risks and uncertainties. Words such as “believes”, “expects”, “anticipates”, “may”, “should”, “will”, “likely”, and “confidence”, and variations of such words and similar expressions are intended to identify such forward-looking statements. Readers are cautioned not to place undue reliance on such statements. Such statements are based on current expectations; actual results in future periods may differ materially from those currently expected or desired because of a number of risks and uncertainties that are beyond the control of Korn Ferry, including global and local political and economic developments, demand fluctuations, and those risks and uncertainties included in Korn Ferry’s periodic filings with the Securities and Exchange Commission, including the factors described in the sections entitled “Risk Factors” and “Forward-Looking Statements” of the Company’s Annual Report on Form 10-K for the fiscal year ended April 30, 2025 and as will be included in the Company's Annual Report on Form 10-K for the fiscal year ended April 30, 2026. Korn Ferry disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as otherwise required by applicable law.
Korn Ferry ve 4. čtvrtletí zvýšila poplatkové tržby na 759,8 mil. USD a zisk na akcii na 1,39 USD. Za celý rok dosáhla poplatkových tržeb 2,9 mld. USD a upraveného zisku na akcii 5,28 USD.
LOS ANGELES--(BUSINESS WIRE)--Korn Ferry (NYSE: KFY), a global consulting firm, today announced fourth quarter and annual fee revenue of $759.8 million and $2.9 billion, respectively. In addition, fourth quarter diluted earnings per share was $1.39 and adjusted diluted earnings per share was $1.40, while full year diluted earnings per share was $5.22 and adjusted diluted earnings per share was $5.28.
“I am very pleased with our quarterly performance. This marks our fifth consecutive quarter of top-line growth, underscoring the strength of our strategy and the increasing relevance of our solutions – all amid an uneven economic environment,” said Gary D. Burnison, CEO, Korn Ferry. “In addition to increased momentum across our broader offerings, I am particularly encouraged by double-digit growth in Professional Search & Interim, reflecting the depth and breadth of our solutions.
“As we conclude another fiscal year, I have never been more excited about the potential for Korn Ferry, the impact we have on clients and our We Are Korn Ferry mindset that is furthering collaboration across our firm. I am incredibly proud of our colleagues around the world. Their expertise and passion are the catalyst as we unlock potential in people and unleash transformation across organizations.”
Selected Financial Results
(dollars in millions, except per share amounts) (a)
Fourth Quarter
Year to Date
FY’26
FY’25
FY’26
FY’25
Fee revenue
$
759.8
$
712.0
$
2,907.5
$
2,730.1
Total revenue
$
768.3
$
719.8
$
2,938.6
$
2,761.1
Estimated remaining fees under existing contracts (b)
$
1,883.0
$
1,709.6
$
1,883.0
$
1,709.6
Net income attributable to Korn Ferry
$
73.1
$
64.2
$
277.4
$
246.1
Net income attributable to Korn Ferry margin
9.6
%
9.0
%
9.5
%
9.0
%
Basic earnings per share
$
1.42
$
1.23
$
5.33
$
4.69
Diluted earnings per share
$
1.39
$
1.21
$
5.22
$
4.60
Adjusted Results (c):
Fourth Quarter
Year to Date
FY’26
FY’25
FY’26
FY’25
Adjusted EBITDA
$
129.5
$
121.1
$
497.8
$
463.9
Adjusted EBITDA margin
17.0
%
17.0
%
17.1
%
17.0
%
Adjusted net income attributable to Korn Ferry (d)
$
73.5
$
70.1
$
280.9
$
261.2
Adjusted basic earnings per share (d)
$
1.43
$
1.34
$
5.40
$
4.98
Adjusted diluted earnings per share (d)
$
1.40
$
1.32
$
5.28
$
4.88
Fourth Quarter
Year to Date
FY’26
FY’25
FY’26
FY’25
Management separation charges are contractual
obligations due upon executive's death
$
—
$
4.6
$
—
$
4.6
Integration/acquisition costs
$
—
$
1.7
$
4.4
$
8.8
Restructuring charges, net
$
—
$
—
$
—
$
1.9
Impairment of fixed assets
$
—
$
—
$
—
$
0.5
Impairment of right-of-use assets
$
—
$
—
$
—
$
2.5
Gain on modification of office lease
$
—
$
—
$
(13.9
)
$
—
Fourth Quarter
Year to Date
FY’26
FY’25
FY’26
FY’25
Accelerated depreciation on Digital platform
$
—
$
—
$
13.8
$
—
Tax effect on the adjusted items
$
0.4
$
(0.5
)
$
(0.9
)
$
(3.2
)
Fiscal 2026 Fourth Quarter Results
The Company reported fee revenue in Q4 FY'26 of $759.8 million, an increase of 7% year-over-year (up 5.0% at constant currency), led by Professional Search & Interim up 14%, followed by Executive Search and Consulting, both up 7% and RPO up 5%.
Net income attributable to Korn Ferry was $73.1 million with a margin of 9.6% in Q4 FY'26, compared to Q4 FY'25 net income attributable to Korn Ferry of $64.2 million with a margin of 9.0%, an increase of 60bps. Adjusted EBITDA was $129.5 million in Q4 FY'26 compared to $121.1 million in Q4 FY'25. Adjusted EBITDA margin was 17.0% in both Q4 FY'26 and Q4 FY'25. Increases in net income attributable to Korn Ferry and margin, as well as Adjusted EBITDA, were primarily due to an increase in fee revenue, partially offset by increases in compensation and benefits expenses and costs of services.
Fiscal 2026 Full Year Results
The Company reported fee revenue in FY'26 of $2,907.5 million, an increase of 7% year-over-year (up 5% at constant currency), led by Professional Search & Interim up 11%, Executive Search up 9%, and Consulting and RPO, both up approximately 4%.
Net income attributable to Korn Ferry was $277.4 million with a margin of 9.5% in FY'26, compared to net income attributable to Korn Ferry of $246.1 million with a margin of 9.0% in FY'25, an increase of 50bps. Adjusted EBITDA was $497.8 million in FY'26 compared to $463.9 million in FY'25. Adjusted EBITDA margin was 17.1% in FY'26, essentially flat compared to the year-ago period. Increases in net income attributable to Korn Ferry and margin, as well as Adjusted EBITDA, were primarily due to an increase in fee revenue, partially offset by increases in compensation and benefits expenses and cost of services.
Results by Solution
Selected Consulting Data
(dollars in millions) (a)
Fourth Quarter
Year to Date
FY’26
FY’25
FY’26
FY’25
Fee revenue
$
181.9
$
169.4
$
691.7
$
662.7
Total revenue
$
185.3
$
172.5
$
704.1
$
674.1
Estimated remaining fees under existing contracts (b)
$
390.1
$
367.7
$
390.1
$
367.7
Ending number of consultants and execution staff (c)
1,522
1,599
1,522
1,599
Hours worked in thousands (d)
366
373
1,426
1,510
Average bill rate (e)
$
442
$
413
$
458
$
439
Adjusted Results (f):
Fourth Quarter
Year to Date
FY’26
FY’25
FY’26
FY’25
Adjusted EBITDA
$
30.9
$
29.1
$
118.4
$
115.5
Adjusted EBITDA margin
17.0
%
17.2
%
17.1
%
17.4
%
____________________ (a)
Numbers may not total due to rounding.
(b)
Estimated fee revenue associated with signed contracts for which revenue has not yet been recognized.
(c)
Represents number of employees originating, delivering and executing consulting services.
(d)
The number of hours worked by consultant and execution staff during the period.
(e)
The amount of fee revenue divided by the number of hours worked by consultants and execution staff.
(f)
Adjusted results exclude the following:
Fourth Quarter
Year to Date
FY’26
FY’25
FY’26
FY’25
Management separation charges (g)
$
—
$
4.6
$
—
$
4.6
Restructuring charges, net
$
—
$
—
$
—
$
1.7
Gain on modification of office lease
$
—
$
—
$
(4.1
)
$
—
Fee revenue was $181.9 million in Q4 FY'26 compared to $169.4 million in Q4 FY'25, an increase of $12.5 million or 7% (up 5% on a constant currency basis). The year-over-year increase in Consulting fee revenue was primarily driven by higher fee revenue in leadership development, assessment & succession and organizational strategy offerings.
Adjusted EBITDA was $30.9 million in Q4 FY'26 compared to $29.1 million in the year-ago quarter. Adjusted EBITDA margin was 17.0% in Q4 FY'26, essentially flat compared to the year-ago quarter. The increase in Adjusted EBITDA was primarily from higher fee revenue, partially offset by an increase in compensation and benefits expenses.
Selected Digital Data
(dollars in millions) (a)
Fourth Quarter
Year to Date
FY’26
FY’25
FY’26
FY’25
Fee revenue
$
89.3
$
91.6
$
363.5
$
363.5
Total revenue
$
89.7
$
91.6
$
364.4
$
363.7
Estimated remaining fees under existing contracts (b)
$
416.9
$
392.6
$
416.9
$
392.6
Ending number of consultants
233
244
233
244
Subscription & License fee revenue
$
38.0
$
34.5
$
148.6
$
137.7
Adjusted Results (c):
Fourth Quarter
Year to Date
FY’26
FY’25
FY’26
FY’25
Adjusted EBITDA
$
27.7
$
28.5
$
113.1
$
112.7
Adjusted EBITDA margin
31.0
%
31.1
%
31.1
%
31.0
%
Fourth Quarter
Year to Date
FY’26
FY’25
FY’26
FY’25
Impairment of fixed assets
$
—
$
—
$
—
$
0.4
Gain on modification of office lease
$
—
$
—
$
(2.0
)
$
—
Fee revenue was $89.3 million in Q4 FY'26 compared to $91.6 million in Q4 FY'25, a decrease of $2.3 million or 3% (down 6% on a constant currency basis).
Adjusted EBITDA was $27.7 million in Q4 FY'26, compared to $28.5 million in the year-ago quarter. Adjusted EBITDA margin was 31.0%, relatively unchanged from the year-ago quarter.
Selected Executive Search Data(a)
(dollars in millions) (b)
Fourth Quarter
Year to Date
FY’26
FY’25
FY’26
FY’25
Fee revenue
$
242.0
$
227.0
$
924.1
$
846.2
Total revenue
$
244.1
$
229.1
$
932.1
$
854.1
Estimated remaining fees under existing contracts (c)
$
73.2
$
69.6
$
73.2
$
69.6
Ending number of consultants
566
560
566
560
Average number of consultants
565
560
563
551
Engagements billed
3,794
3,827
9,511
9,151
New engagements (d)
1,712
1,738
6,514
6,325
Adjusted Results (e):
Fourth Quarter
Year to Date
FY’26
FY’25
FY’26
FY’25
Adjusted EBITDA
$
64.0
$
54.2
$
237.4
$
206.2
Adjusted EBITDA margin
26.4
%
23.9
%
25.7
%
24.4
%
____________________ (a)
Executive Search is the sum of the individual Executive Search Reporting Segments described in our annual and quarterly reporting on Forms 10-K and 10-Q and is presented on a consolidated basis as it is consistent with the Company’s discussion of its Solutions, and financial metrics used by the Company’s investor base.
(b)
Numbers may not total due to rounding.
(c)
Estimated fee revenue associated with signed contracts for which revenue has not yet been recognized.
(d)
Represents new engagements opened in the respective period.
(e)
Executive Search Adjusted EBITDA and Adjusted EBITDA margin are non-GAAP financial measures that adjust for the following:
Fourth Quarter
Year to Date
FY’26
FY’25
FY’26
FY’25
Impairment of right-of-use assets
$
—
$
—
$
—
$
2.5
Impairment of fixed assets
$
—
$
—
$
—
$
0.2
Gain on modification of office lease
$
—
$
—
$
(3.7
)
$
—
Restructuring charges, net
$
—
$
—
$
—
$
0.2
Fee revenue was $242.0 million in Q4 FY'26 compared to $227.0 million in Q4 FY'25, an increase of $15.0 million or 7% (up 5% at constant currency). The year-over-year increase in fee revenue was driven by an increase in the weighted-average fees billed per engagement, resulting from more search work at higher levels. The Company experienced fee revenue growth in all regions.
Adjusted EBITDA was $64.0 million in Q4 FY'26 compared to $54.2 million in the year-ago quarter, an increase of $9.8 million or 18% year-over-year. Adjusted EBITDA margin was 26.4%, compared to 23.9% in the year-ago quarter. The increase in Adjusted EBITDA and Adjusted EBITDA margin was primarily due to an increase in fee revenue combined with lower general and administrative expenses, partially offset by an increase in compensation and benefits expenses.
Selected Professional Search & Interim Data
(dollars in millions) (a)
Fourth Quarter
Year to Date
FY’26
FY’25
FY’26
FY’25
Fee revenue
$
149.1
$
130.7
$
561.1
$
503.5
Total revenue
$
150.4
$
131.7
$
566.3
$
507.2
Permanent Placement:
Fee revenue
$
59.8
$
50.9
$
222.4
$
203.8
Estimated remaining fees under existing contracts (b)
$
16.5
$
14.1
$
16.5
$
14.1
Engagements billed
1,784
1,829
4,835
4,830
New engagements (c)
1,034
1,009
3,902
3,811
Ending number of consultants
290
309
290
309
Interim:
Fee revenue
$
89.3
$
79.8
$
338.7
$
299.7
Estimated remaining fees under existing contracts (b)
$
144.1
$
107.6
$
144.1
$
107.6
Average bill rate (d)
$
151
$
131
$
145
$
133
Average weekly billable consultants (e)
1,234
1,301
1,237
1,168
Adjusted Results (f):
Fourth Quarter
Year to Date
FY’26
FY’25
FY’26
FY’25
Adjusted EBITDA
$
33.9
$
27.4
$
121.2
$
107.6
Adjusted EBITDA margin
22.7
%
21.0
%
21.6
%
21.4
%
____________________ (a)
Numbers may not total due to rounding.
(b)
Estimated fee revenue associated with signed contracts for which revenue has not yet been recognized.
(c)
Represents new engagements opened in the respective period.
(d)
Fee revenue from interim divided by the number of hours worked by consultants.
(e)
The number of billable consultants based on a weekly average in the respective period.
(f)
Adjusted results exclude the following:
Fourth Quarter
Year to Date
FY’26
FY’25
FY’26
FY’25
Integration/acquisition costs
$
—
$
1.6
$
4.4
$
6.0
Gain on modification of office lease
$
—
$
—
$
(2.6
)
$
—
Fee revenue was $149.1 million in Q4 FY'26 compared to $130.7 million in Q4 FY'25, an increase of $18.4 million or 14% (up 12% at constant currency). Fee revenue increased due to higher fee revenues in both Permanent Placement and Interim. The year-over-year increase in Interim fee revenue was primarily due to a 15% increase in average bill rate. The year-over-year increase in Permanent Placement fee revenue was driven by an increase in the weighted-average fee billed per engagement.
Adjusted EBITDA was $33.9 million in Q4 FY'26 compared to $27.4 million in the year-ago quarter. Adjusted EBITDA margin was 22.7% in Q4 FY'26 compared to 21.0% in the year-ago quarter. The increase in Adjusted EBITDA and Adjusted EBITDA margin was due to an increase in fee revenue, partially offset by increases in compensation and benefits expenses and cost of services.
Selected Recruitment Process Outsourcing ("RPO") Data
(dollars in millions) (a)
Fourth Quarter
Year to Date
FY’26
FY’25
FY’26
FY’25
Fee revenue
$
97.6
$
93.3
$
367.1
$
354.1
Total revenue
$
98.7
$
94.8
$
371.8
$
362.0
Estimated remaining fees under existing contracts (b)
$
842.2
$
758.0
$
842.2
$
758.0
RPO new business (c)
$
137.2
$
118.8
$
543.9
$
533.4
Adjusted Results (d):
Fourth Quarter
Year to Date
FY’26
FY’25
FY’26
FY’25
Adjusted EBITDA
$
15.5
$
14.5
$
57.7
$
52.6
Adjusted EBITDA margin
15.8
%
15.5
%
15.7
%
14.9
%
Fourth Quarter
Year to Date
FY’26
FY’25
FY’26
FY’25
Gain on modification of office lease
$
—
$
—
$
(1.5
)
$
—
Fee revenue was $97.6 million in Q4 FY'26 compared to $93.3 million in Q4 FY'25, an increase of $4.3 million or 5% (up 3% at constant currency). RPO fee revenue increased primarily due to new logo client wins in North America.
Adjusted EBITDA was $15.5 million in Q4 FY'26 compared to $14.5 million in the year-ago quarter. Adjusted EBITDA margin was 15.8% in Q4 FY'26, compared to 15.5% in Q4 FY'25.
Outlook
Assuming no material negative impact from the recent Middle East conflict and that other worldwide geopolitical conditions, economic conditions, financial markets and foreign exchange rates remain steady, on a consolidated basis:
Q1 FY’27 fee revenue is expected to be in the range of $725 million and $745 million; and Q1 FY’27 diluted earnings per share is expected to range between $1.32 to $1.38. Earnings Conference Call Webcast
The earnings conference call will be held today at 12:00 PM (EDT) and hosted by CEO Gary Burnison, CFO Robert Rozek, SVP Business Development & Analytics Gregg Kvochak and VP Investor Relations Tiffany Louder. The conference call will be webcast and available online at ir.kornferry.com. We will also post to the investor relations section of our website earnings slides, which will accompany our webcast, and other important information, and encourage you to review the information that we make available on our website.
About Korn Ferry
Korn Ferry is a global consulting firm that powers performance. We unlock the potential in your people and unleash transformation across your business—synchronizing strategy, operations, and talent to accelerate performance, fuel growth, and inspire a legacy of change. That’s why the world’s most forward-thinking companies across every major industry turn to us—for a shared commitment to lasting impact and the bold ambition to Be More Than.
Forward-Looking Statements
Statements in this press release and our conference call that relate to our outlook, projections, goals, strategies, future plans and expectations, including statements relating to expected labor market conditions, expected demand for and relevance of our products and services, expected results of our business diversification strategy, impact of global events on our business, and other statements of future events or conditions are forward-looking statements that involve a number of risks and uncertainties. Words such as “believes”, “expects”, “anticipates”, “goals”, “estimates”, “guidance”, “may”, “should”, “could”, “will” or “likely”, and variations of such words and similar expressions are intended to identify such forward-looking statements. Readers are cautioned not to place undue reliance on such statements. Such statements are based on current expectations; actual results in future periods may differ materially from those currently expected or desired because of a number of risks and uncertainties that are beyond the control of Korn Ferry. The potential risks and uncertainties include those relating to global and local political and or economic developments in or affecting countries where we have operations, such as inflation, trade wars, interest rates, labor market conditions, global slowdowns, or recessions, competition, geopolitical tensions, including the recent Middle East conflict, shifts in global trade patterns, changes in demand for our services as a result of automation, dependence on and costs of attracting and retaining qualified and experienced consultants, impact of inflationary pressures on our profitability, our ability to maintain relationships with customers and suppliers and retaining key employees, maintaining our brand name and professional reputation, potential legal liability and regulatory developments, portability of client relationships, consolidation of or within the industries we serve, changes and developments in government laws and regulations, evolving investor and customer expectations with regard to corporate responsibility matters, currency fluctuations in our international operations, risks related to growth, alignment of our cost structure, including as a result of recent workforce, real estate, and other restructuring initiatives, restrictions imposed by off-limits agreements, reliance on information processing systems, cyber security vulnerabilities or events, changes to data security, data privacy, and data protection laws, dependence on third parties for the execution of critical functions, limited protection of our intellectual property, our ability to enhance, develop and respond to new technology, including artificial intelligence, our ability to successfully recover from a disaster or other business continuity problems, employment liability risk, an impairment in the carrying value of goodwill and other intangible assets, treaties, or regulations on our business and our Company, deferred tax assets that we may not be able to use, our ability to develop new products and services, changes in our accounting estimates and assumptions, the utilization and billing rates of our consultants, seasonality, the use of social media platforms, the ability to effect acquisitions and integrate acquired businesses, resulting organizational changes, our indebtedness, and those relating to the ultimate magnitude and duration of any pandemic or outbreaks. For a detailed description of risks and uncertainties that could cause differences from our expectations, please refer to Korn Ferry’s periodic filings with the Securities and Exchange Commission. Korn Ferry disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Use of Non-GAAP Financial Measures
This press release contains financial information calculated other than in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”). In particular, it includes:
Adjusted net income attributable to Korn Ferry, adjusted to exclude accelerated depreciation on our Digital platform, management separation charges, integration/acquisition costs, restructuring charges, impairment of fixed assets, impairment of right-of-use assets and gain on modification of an office lease, net of income tax effect; Adjusted basic and diluted earnings per share, adjusted to exclude cost associated with accelerated depreciation on our Digital platform, management separation charges, integration/acquisition costs, restructuring charges, impairment of fixed assets, impairment of right-of-use assets and gain on modification of an office lease, net of income tax effect; Constant currency (calculated using a quarterly average) percentages that represent the percentage change that would have resulted had exchange rates in the prior period been the same as those in effect in the current period; and Consolidated and Executive Search Adjusted EBITDA, which is earnings before interest, taxes, depreciation and amortization, further adjusted to exclude management separation charges, integration/acquisition costs, restructuring charges, impairment of fixed assets, impairment of right-of-use assets and gain on modification of an office lease, net when applicable, and Consolidated and Executive Search Adjusted EBITDA margin. This non-GAAP disclosure has limitations as an analytical tool, should not be viewed as a substitute for financial information determined in accordance with GAAP, and should not be considered in isolation or as a substitute for analysis of the Company’s results as reported under GAAP, nor is it necessarily comparable to non-GAAP performance measures that may be presented by other companies.
Management believes the presentation of non-GAAP financial measures in this press release provides meaningful supplemental information regarding Korn Ferry’s performance by excluding certain items that may not be indicative of Korn Ferry’s ongoing operating results. These non-GAAP financial measures are performance measures and are not indicative of the liquidity of Korn Ferry. These items, which are described in the footnotes in the attached reconciliations, represent 1) costs associated with previous acquisitions, such as legal and professional fees, retention awards and on-going integration expenses, 2) gain on modification of an office lease where the Company received lease incentives to shorten the lease term, 3) restructuring charges, net to align workforce to eliminate excess capacity resulting from challenging macroeconomic business environment, 4) accelerated depreciation associated with the decision to sunset our Digital platform, 5) impairment of fixed assets primarily due to software impairment charge in our Digital segment, 6) impairment of right-of-use assets due to the decision to terminate and sublease some of our offices and 7) management separation charges due to contractual obligations due upon executive's death. The use of non-GAAP financial measures facilitates comparisons to Korn Ferry’s historical performance. Korn Ferry includes non-GAAP financial measures because management believes they are useful to investors in allowing for greater transparency with respect to supplemental information used by management in its evaluation of Korn Ferry’s ongoing operations and financial and operational decision-making. Adjusted net income attributable to Korn Ferry, adjusted basic and diluted earnings per share and Consolidated and Executive Search Adjusted EBITDA, exclude certain charges that management does not consider on-going in nature and allows management and investors to make more meaningful period-to-period comparisons of the Company’s operating results. Management further believes that Consolidated and Executive Search Adjusted EBITDA is useful to investors because it is frequently used by investors and other interested parties to measure operating performance among companies with different capital structures, effective tax rates and tax attributes and capitalized asset values, all of which can vary substantially from company to company. In the case of constant currency percentages, management believes the presentation of such information provides useful supplemental information regarding Korn Ferry's performance as excluding the impact of exchange rate changes on Korn Ferry's financial performance allows investors to make more meaningful period-to-period comparisons of the Company’s operating results, to better identify operating trends that may otherwise be masked or distorted by exchange rate changes and to perform related trend analysis, and provides a higher degree of transparency of information used by management in its evaluation of Korn Ferry's ongoing operations and financial and operational decision-making.
KORN FERRY AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
(in thousands, except per share amounts)
Three Months Ended
April 30,
Year Ended
April 30,
2026
2025
2026
2025
(unaudited)
Fee revenue
$
759,772
$
712,048
$
2,907,469
$
2,730,088
Reimbursed out-of-pocket engagement expenses
8,484
7,779
31,172
30,998
Total revenue
768,256
719,827
2,938,641
2,761,086
Compensation and benefits
486,737
443,503
1,867,005
1,758,024
General and administrative expenses
67,659
68,623
247,727
258,488
Reimbursed expenses
8,484
7,779
31,172
30,998
Cost of services
82,262
74,827
319,150
285,075
Depreciation and amortization
21,591
20,531
98,844
80,287
Restructuring charges, net
—
—
—
1,892
Total operating expenses
666,733
615,263
2,563,898
2,414,764
Operating income
101,523
104,564
374,743
346,322
Other income (loss), net
6,410
(10,306
)
33,705
18,953
Interest expense, net
(5,056
)
(5,331
)
(19,998
)
(20,363
)
Income before provision for income taxes
102,877
88,927
388,450
344,912
Income tax provision
29,052
23,789
107,630
93,836
Net income
73,825
65,138
280,820
251,076
Net income attributable to noncontrolling interest
(691
)
(894
)
(3,386
)
(5,014
)
Net income attributable to Korn Ferry
$
73,134
$
64,244
$
277,434
$
246,062
Earnings per common share attributable to Korn Ferry:
Basic
$
1.42
$
1.23
$
5.33
$
4.69
Diluted
$
1.39
$
1.21
$
5.22
$
4.60
Weighted-average common shares outstanding:
Basic
50,932
51,599
51,428
51,778
Diluted
51,922
52,504
52,519
52,806
KORN FERRY AND SUBSIDIARIES
FINANCIAL SUMMARY BY REPORTING SEGMENT
(dollars in thousands)
(unaudited)
Three Months Ended April 30,
Year Ended April 30,
2026
2025
% Change
2026
2025
% Change
Fee revenue:
Consulting
$
181,920
$
169,363
7.4
%
$
691,654
$
662,708
4.4
%
Digital
89,282
91,634
(2.6
%)
363,523
363,530
—
%
Executive Search:
North America
156,095
143,014
9.1
%
583,394
535,921
8.9
%
EMEA
54,135
53,479
1.2
%
215,134
194,088
10.8
%
Asia Pacific
24,622
23,630
4.2
%
97,527
87,337
11.7
%
Latin America
7,099
6,880
3.2
%
28,049
28,862
(2.8
%)
Total Executive Search (a)
241,951
227,003
6.6
%
924,104
846,208
9.2
%
Professional Search & Interim
149,060
130,710
14.0
%
561,077
503,515
11.4
%
RPO
97,559
93,338
4.5
%
367,111
354,127
3.7
%
Total fee revenue
759,772
712,048
6.7
%
2,907,469
2,730,088
6.5
%
Reimbursed out-of-pocket engagement expenses
8,484
7,779
9.1
%
31,172
30,998
0.6
%
Total revenue
$
768,256
$
719,827
6.7
%
$
2,938,641
$
2,761,086
6.4
%
KORN FERRY AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(in thousands, except per share amounts)
April 30,
2026
April 30,
2025
ASSETS
Cash and cash equivalents
$
1,095,445
$
1,006,964
Marketable securities
38,914
36,388
Receivables due from clients, net of allowance for doubtful accounts of $42,527 and $40,461 at April 30, 2026 and 2025, respectively
573,350
565,255
Income taxes and other receivables
75,410
38,394
Unearned compensation
64,421
61,649
Prepaid expenses and other assets
58,437
41,488
Total current assets
1,905,977
1,750,138
Marketable securities, non-current
247,132
233,626
Property and equipment, net
191,531
173,610
Operating lease right-of-use assets, net
170,986
152,712
Cash surrender value of company-owned life insurance policies, net of loans
289,058
252,621
Deferred income taxes
113,207
144,560
Goodwill
950,636
948,832
Intangible assets, net
45,858
70,193
Unearned compensation, non-current
118,592
106,965
Investments and other assets
31,799
27,967
Total assets
$
4,064,776
$
3,861,224
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable
$
49,682
$
58,884
Income taxes payable
19,573
23,079
Compensation and benefits payable
570,242
530,473
Operating lease liability, current
28,111
38,573
Other accrued liabilities
314,402
304,589
Total current liabilities
982,010
955,598
Deferred compensation and other retirement plans
510,774
477,770
Operating lease liability, non-current
164,899
131,762
Long-term debt
398,565
397,736
Deferred tax liabilities
5,723
5,981
Other liabilities
23,902
20,238
Total liabilities
2,085,873
1,989,085
Stockholders' equity
Common stock: $0.01 par value, 150,000 shares authorized, 79,203 and 78,264 shares issued and 50,225 and 51,458 shares outstanding at April 30, 2026 and 2025, respectively
284,370
364,425
Retained earnings
1,761,063
1,588,274
Accumulated other comprehensive loss, net
(72,827
)
(86,243
)
Total Korn Ferry stockholders' equity
1,972,606
1,866,456
Noncontrolling interest
6,297
5,683
Total stockholders' equity
1,978,903
1,872,139
Total liabilities and stockholders' equity
$
4,064,776
$
3,861,224
KORN FERRY AND SUBSIDIARIES
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES
(dollars in thousands)
(unaudited)
Three Months Ended
April 30,
Year Ended
April 30,
2026
2025
2026
2025
Net income attributable to Korn Ferry
$
73,134
$
64,244
$
277,434
$
246,062
Net income attributable to non-controlling interest
691
894
3,386
5,014
Net income
73,825
65,138
280,820
251,076
Income tax provision
29,052
23,789
107,630
93,836
Income before provision for income taxes
102,877
88,927
388,450
344,912
Interest expense, net
5,056
5,331
19,998
20,363
Depreciation and amortization (1)
21,591
20,531
98,844
80,287
Management separation charges (2)
—
4,614
—
4,614
Integration/acquisition costs (3)
—
1,738
4,420
8,837
Gain on modification of office lease (4)
—
—
(13,907
)
—
Impairment of right-of-use assets (5)
—
—
—
2,452
Impairment of fixed assets (6)
—
—
—
509
Restructuring charges, net (7)
—
—
—
1,892
Adjusted EBITDA
$
129,524
$
121,141
$
497,805
$
463,866
Net income attributable to Korn Ferry margin
9.6
%
9.0
%
9.5
%
9.0
%
Net income attributable to non-controlling interest
0.1
%
0.1
%
0.1
%
0.2
%
Income tax provision
3.8
%
3.3
%
3.7
%
3.4
%
Interest expense, net
0.7
%
0.8
%
0.7
%
0.8
%
Depreciation and amortization (1)
2.8
%
2.9
%
3.4
%
2.9
%
Management separation charges (2)
—
%
0.7
%
—
%
0.2
%
Integration/acquisition costs (3)
—
%
0.2
%
0.2
%
0.3
%
Gain on modification of office lease (4)
—
%
—
%
(0.5
%)
—
%
Impairment of right-of-use assets (5)
—
%
—
%
—
%
0.1
%
Impairment of fixed assets (6)
—
%
—
%
—
%
0.0
%
Restructuring charges, net (7)
—
%
—
%
—
%
0.1
%
Adjusted EBITDA margin
17.0
%
17.0
%
17.1
%
17.0
%
Net income attributable to Korn Ferry
$
73,134
$
64,244
$
277,434
$
246,062
Accelerated depreciation on Digital platform (1)
—
—
13,846
—
Management separation charges (2)
—
4,614
—
4,614
Integration/acquisition costs (3)
—
1,738
4,420
8,837
Gain on modification of office lease (4)
—
—
(13,907
)
—
Impairment of right-of-use assets (5)
—
—
—
2,452
Impairment of fixed assets (6)
—
—
—
509
Restructuring charges, net (7)
—
—
—
1,892
Tax effect on the adjusted items (8)
380
(487
)
(863
)
(3,187
)
Adjusted net income attributable to Korn Ferry
$
73,514
$
70,109
$
280,930
$
261,179
Explanation of Non-GAAP Adjustments
(1)
Depreciation and amortization includes $13.8 million of accelerated depreciation associated with the decision to sunset our Digital platform in the year ended April 30, 2026.
(2)
Contractual obligations due upon executive's death.
(3)
Costs associated with previous acquisitions, such as legal and professional fees, retention awards and the on-going integration expenses.
(4)
Gain on the modification of an office lease where the Company received lease incentives to shorten the lease term.
(5)
Costs associated with impairment of right-of-use assets due to terminating and deciding to sublease some of our offices.
(6)
Costs associated with impairment of fixed assets primarily due to software impairment charge in our Digital segment.
(7)
Restructuring charges incurred to align our workforce to eliminate excess capacity resulting from challenging macroeconomic business environment.
(8)
Tax effect on accelerated depreciation on Digital platform, management separation charges, integration/acquisition costs, gain on modification of office lease, impairment of right-of-use assets and fixed assets, and restructuring charges, net.
KORN FERRY AND SUBSIDIARIES
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES - CONTINUED
(unaudited)
Three Months Ended
April 30,
Year Ended
April 30,
2026
2025
2026
2025
Basic earnings per common share
$
1.42
$
1.23
$
5.33
$
4.69
Accelerated depreciation on Digital platform (1)
—
—
0.27
—
Management separation charges (2)
—
0.09
—
0.09
Integration/acquisition costs (3)
—
0.03
0.09
0.17
Gain on modification of office lease (4)
—
—
(0.27
)
—
Impairment of right-of-use assets (5)
—
—
—
0.05
Impairment of fixed assets (6)
—
—
—
0.01
Restructuring charges, net (7)
—
—
—
0.03
Tax effect on the adjusted items (8)
0.01
(0.01
)
(0.02
)
(0.06
)
Adjusted basic earnings per share
$
1.43
$
1.34
$
5.40
$
4.98
Diluted earnings per common share
$
1.39
$
1.21
$
5.22
$
4.60
Accelerated depreciation on Digital platform (1)
—
—
0.26
—
Management separation charges (2)
—
0.09
—
0.09
Integration/acquisition costs (3)
—
0.03
0.08
0.16
Gain on modification of office lease (4)
—
—
(0.26
)
—
Impairment of right-of-use assets (5)
—
—
—
0.05
Impairment of fixed assets (6)
—
—
—
0.01
Restructuring charges, net (7)
—
—
—
0.03
Tax effect on the adjusted items (8)
0.01
(0.01
)
(0.02
)
(0.06
)
Adjusted diluted earnings per share
$
1.40
$
1.32
$
5.28
$
4.88
Explanation of Non-GAAP Adjustments
(1)
Depreciation and amortization includes $13.8 million of accelerated depreciation associated with the decision to sunset our Digital platform in the year ended April 30, 2026.
(2)
Contractual obligations due upon executive's death.
(3)
Costs associated with previous acquisitions, such as legal and professional fees, retention awards and the on-going integration expenses.
(4)
Gain on the modification of an office lease where the Company received lease incentives to shorten the lease term.
(5)
Costs associated with impairment of right-of-use assets due to terminating and deciding to sublease some of our offices.
(6)
Costs associated with impairment of fixed assets primarily due to software impairment charge in our Digital segment.
(7)
Restructuring charges incurred to align our workforce to eliminate excess capacity resulting from challenging macroeconomic business environment.
(8)
Tax effect on accelerated depreciation on Digital platform, management separation charges, integration/acquisition costs, gain on modification of office lease, impairment of right-of-use assets and fixed assets, and restructuring charges, net.
KORN FERRY AND SUBSIDIARIES
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES - CONTINUED
Korn/Ferry (KFY - Free Report) came out with quarterly earnings of $1.4 per share, beating the Zacks Consensus Estimate of $1.37 per share. This compares to earnings of $1.32 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +2.19%. A quarter ago, it was expected that this staffing company would post earnings of $1.22 per share when it actually produced earnings of $1.28, delivering a surprise of +4.92%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Korn/Ferry, which belongs to the Zacks Staffing Firms industry, posted revenues of $759.77 million for the quarter ended April 2026, surpassing the Zacks Consensus Estimate by 2.74%. This compares to year-ago revenues of $712.05 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Korn/Ferry shares have added about 2.7% since the beginning of the year versus the S&P 500's gain of 9.2%.
What's Next for Korn/Ferry?While Korn/Ferry has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Korn/Ferry was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.36 on $732.4 million in revenues for the coming quarter and $5.70 on $3 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Staffing Firms is currently in the bottom 16% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Robert Half (RHI - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026.
This staffing firm is expected to post quarterly earnings of $0.26 per share in its upcoming report, which represents a year-over-year change of -36.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Robert Half's revenues are expected to be $1.33 billion, down 3.2% from the year-ago quarter.
Korn Ferry od 1. čtvrtletí fiskálního roku 2027 přejde na reporting podle regionů Americas, EMEA a APAC. Ve 4. čtvrtletí vzrostly výnosy z poplatků o 6,7 % na 759,8 mil. USD.
Key Takeaways Korn Ferry will shift reporting to the Americas, EMEA and APAC segments starting in fiscal 2027.KFY's referral rate rose to 29.1%, while Marquee and Diamond accounts held 40% of fee revenues.Korn Ferry saw Q4 fee revenues rise 6.7%, led by 14% growth in Professional Search & Interim. Korn Ferry (KFY - Free Report) used its fourth-quarter call to do more than highlight another quarter of growth. Management used the discussion to frame a broader operating shift, arguing the firm is now better positioned to sell across clients, geographies and solutions.
The headline numbers were solid, but the more important takeaway was strategic. Executives spent much of the call explaining how a more regionally oriented model is meant to deepen client penetration and sustain growth even as macro conditions remain uneven.
KFY Recasts How It Wants to Be MeasuredPresident and CEO Gary Burnison said Korn Ferry is moving away from presenting itself as a set of separate solutions and toward a more integrated, client-centric firm. He tied that change to the company’s “We Are Korn Ferry” push and said the next phase is meant to make the whole organization work more cohesively around customers.
Beginning in the first quarter of fiscal 2027, external reporting will shift to three regional segments: the Americas, EMEA and APAC. Solution details will still be disclosed, but under broader groupings spanning search, talent and organizational solutions, and workforce solutions.
That was a notable call theme because it signals that management wants investors to judge execution less by isolated business lines and more by how effectively the firm integrates offerings across accounts and markets. Burnison said the organization had been too solution-weighted and needed to pivot more toward geography.
Korn Ferry Leans Harder on Cross-SellingExecutive vice president, CFO and chief corporate officer Robert Rozek pointed to a 29.1% business referral rate in the quarter, up about 320 basis points, as evidence that the cross-selling push is gaining traction. He also said Marquee and Diamond accounts remained at 40% of consolidated fee revenues.
Rozek said the company is reviewing larger new engagements in a highly structured way, with regional, solution and industry leaders involved. In management’s view, that process is helping Korn Ferry win an initial mandate and then expand the relationship across the firm.
The financial backdrop supported that message. Estimated remaining fees under existing contracts rose 10% year over year to $1.883 billion, with management saying growth came from every solution. About 57% of that backlog is expected to be recognized over the next year.
KFY Finds Its Best Momentum in SearchKorn Ferry’s adjusted earnings per share came in at $1.40, which topped the Zacks Consensus Estimate of $1.37 by 2.2%. Fourth-quarter revenues rose 6.7% year over year to $759.8 million, beating the Zacks Consensus Estimate of $739.5 million by 2.7%.
The strongest operating momentum came from Professional Search & Interim, where fee revenues increased 14% to $149.1 million. Executive Search also remained healthy, with fee revenues up 7% to $242.0 million and adjusted EBITDA margin expanding to 26.4% from 23.9% a year earlier.
Burnison said Executive Search is moving upmarket, with higher average fees reflecting work at more senior organizational levels. On interim staffing, he said the business is benefiting both from internal referrals and from higher-value demand in areas such as technology, finance and accounting, HR and supply chain.
Korn Ferry Sees Pockets of External PressureNot every business line moved the same way. Digital fee revenues fell 3% in the quarter to $89.3 million, although subscription and license fee revenues increased to $38.0 million from $34.5 million. Consulting and RPO each posted 7% and 5% fee revenue growth, respectively.
On the macro front, management was explicit that the recent Middle East conflict hurt new business trends outside the Americas. Burnison told analysts that the disruption affected EMEA, the Middle East and APAC, even as demand in the Americas remained strong over the trailing four months.
That backdrop shaped a measured near-term outlook. Korn Ferry guided first-quarter fiscal 2027 fee revenues to $725 million to $745 million and earnings per share to $1.32 to $1.38, while Rozek said adjusted EBITDA margin should stay around 17%.
KFY Uses Q&A to Clarify Margins and AIWhen analysts pressed on the flat fourth-quarter adjusted EBITDA margin, Burnison said the main reason was higher bonus expense tied to stronger-than-expected revenue performance. Management framed that as a trade-off it was willing to accept in exchange for better top-line delivery.
On consulting, Burnison said the firm is challenging itself to move beyond traditional pricing structures and capture more value-based economics over time. He did not present a near-term change, but the comments suggested pricing model evolution is part of the broader strategic agenda.
AI also drew scrutiny. Burnison said Korn Ferry is already seeing efficiency gains across work streams, particularly in search, but stressed that the company is prioritizing customer experience and the protection of its proprietary assessment and client data over simply extracting cost savings.
Korn Ferry Keeps Growth and Capital in BalanceManagement’s overall tone was confident but not carefree. Burnison repeatedly emphasized the size of Korn Ferry’s market opportunity and said the company now thinks in billions rather than hundreds of millions, yet he paired that ambition with caution around geopolitics and client spending conditions.
Capital allocation remained disciplined. Korn Ferry repurchased 1.24 million shares for $78.8 million in the quarter, returned $221 million to shareholders during fiscal 2026 through buybacks and dividends, and invested $85 million in capital spending tied to Talent Suite and productivity tools.
Zacks Signals on KFYKFY carries a Zacks Rank #3 (Hold), while its Value Score is A, Growth Score is B, Momentum Score is A, and VGM Score is A. Under the Zacks framework, the rank is the primary signal for near-term earnings revision momentum, while stronger Style Scores point to more attractive value, growth and momentum characteristics. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
That combination points to balanced near-term prospects rather than a clear bullish or bearish signal. The A-rated VGM profile is favorable on combined style traits, but the Zacks framework places greater weight on estimate revisions, meaning the current Zacks Rank can change as analysts update forecasts after the latest results.
Newell Brands v 1. čtvrtletí snížil srovnatelné tržby o 3,5 %, ale výsledek překonal očekávání a zlepšil se proti předchozím obdobím. Firma čeká návrat růstu srovnatelných tržeb ve 2. čtvrtletí.
Key Takeaways Newell's core sales fell 3.5% in Q1 but improved sequentially and beat management's expectations.Six of Newell's top 10 brands gained share, while six delivered year-over-year POS growth in Q1.Newell plans 25 major innovations in 2026 and expects core sales growth to return in Q2. Newell Brands Inc.’s (NWL - Free Report) turnaround strategy appears to be gaining traction, supported by improving consumer demand, stronger point-of-sale trends and market share gains across several key brands. Although core sales remained negative in the first quarter, management’s commentary suggests that the company’s renewed focus on innovation, advertising investments and retail execution is beginning to translate into better business performance, raising the question of whether Newell is approaching a sustainable growth inflection point.
The numbers suggest meaningful progress. First-quarter core sales declined 3.5% year over year, but the result exceeded management’s expectations and marked a sequential improvement from prior quarters. Six of Newell’s top 10 brands gained market share during the quarter, while six brands also posted year-over-year point-of-sale growth for the first time in more than four years. The Learning & Development segment returned to growth, driven by a 4.9% increase in the Baby business. Additionally, the company benefited from a $25 million net pricing advantage tied to improved customer program management, helping normalize operating margin and expand it by 30 basis points to 4.8%.
A key driver behind the improving sales trajectory is Newell’s strengthened innovation pipeline. The company plans to launch 25 Tier 1 and Tier 2 innovations in 2026, up from 18 in the previous year, with products spanning all business segments. Management noted strong early consumer response to innovations such as Graco’s new car seats and Coleman’s Snap 'N Go cooler. Coupled with higher advertising and promotional spending, these initiatives are supporting stronger retailer relationships, distribution gains and shelf placement opportunities, which should provide additional sales momentum throughout the year.
Despite encouraging signs, challenges remain. Commodity inflation, particularly higher resin and transportation costs, continues to pressure profitability, while consumer spending trends remain uneven across income groups. Nevertheless, Newell’s reduced exposure to China sourcing, expanded domestic manufacturing capabilities and disciplined cost-management efforts position the company well to navigate these headwinds. With management now expecting a return to core sales growth in the second quarter and raising its full-year sales outlook, the turnaround story appears increasingly credible, though sustained execution will be critical to proving that the recovery is durable.
Newell’s Zacks Rank & Share Price PerformanceShares of this Zacks Rank #3 (Hold) company have rallied 43.8% in the past three months, outperforming both the industry and the broader Consumer Staples sector, which rose 0.1% and 2.9%, respectively.
NWL Stock's Past Three-Month Performance
Image Source: Zacks Investment Research
Is NWL a Value Play Stock?Newell currently trades at a forward 12-month P/E ratio of 8.59X, which is notably lower than the industry multiple of 17.84X and the sector average of 16.47X. This valuation positions the stock at a modest discount relative to both its direct peers and the broader consumer staples sector.
NWL P/E Ratio (Forward 12 Months)
Image Source: Zacks Investment Research
Stocks to ConsiderThe Chefs' Warehouse, Inc. (CHEF - Free Report) distributes specialty food and center-of-the-plate products in the United States, the Middle East and Canada. At present, CHEF sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The consensus estimate for Chefs' Warehouse’s current fiscal-year sales and earnings implies growth of 8.3% and 24.7%, respectively, from the year-ago reported figures. CHEF delivered a trailing four-quarter earnings surprise of 28.9%, on average.
United Natural Foods, Inc. (UNFI - Free Report) distributes natural, organic, specialty, produce and conventional grocery and non-food products in the United States and Canada. At present, United Natural carries a Zacks Rank of 2 (Buy). UNFI delivered a trailing four-quarter earnings surprise of 29.9%, on average.
The consensus estimate for United Natural’s current fiscal-year earnings implies growth of 254.9% from the year-ago figures.
Mama's Creations, Inc. (MAMA - Free Report) manufactures and markets fresh deli-prepared foods in the United States. At present, MAMA has a Zacks Rank of 2. Mama's Creations delivered a trailing four-quarter earnings surprise of 129.2%, on average.
The consensus estimate for Mama's Creations’ current fiscal-year sales and earnings implies growth of 30% and 73.3%, respectively, from the year-ago figures.
FactSet Research Systems má ve 3. čtvrtletí vykázat zisk 4,45 USD na akcii a tržby 617,59 milionu USD, což je více než 585,52 milionu USD ve stejném období loni. Společnost zároveň zvýšila čtvrtletní dividendu na 1,16 USD na akcii.
FactSet Research Systems Inc. (NYSE:FDS) will release its third quarter earnings report after the closing bell on Wednesday, July 1.
Analysts expect the Norwalk, Connecticut-based company to report quarterly earnings of $4.45 per share, up from $4.27 per share in the year-ago period. The consensus estimate for FactSet Research’s quarterly revenue is $617.59 million. It reported $585.52 million last year, according to Benzinga Pro.
On May 5, FactSet raised its quarterly dividend from $1.10 per share to $1.16 per share.
FactSet Research shares fell 0.2% to close at $218.15 on Tuesday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.
Considering buying FDS stock? Here’s what analysts think:
Photo via Shutterstock
Market News and Data brought to you by Benzinga APIs
Acadia Healthcare zvýšila celoroční odhad upravené EBITDA poté, co tržby v 1. čtvrtletí 2026 vzrostly o 7,6 % na 828,8 milionu USD. Firma zároveň plánuje kapitálové výdaje na rok 2026 ve výši 255–280 milionů USD.
Key Takeaways ACHC raised full-year Adjusted EBITDA guidance after Q1 2026 revenues rose 7.6% to $828.8 million.ACHC is prioritizing returns from existing assets and plans 2026 capital spending of $255-$280 million.ACHC is resolving disputes, strengthening compliance, and improving retention. Acadia Healthcare Company, Inc. (ACHC - Free Report) demonstrates how a mission-driven healthcare company can create long-term shareholder value. As the largest standalone behavioral health provider in the United States, operating 275 facilities and more than 12,400 beds across 40 states, Acadia plays a critical role in addressing the nation's growing mental health and addiction treatment needs. Following a challenging period marked by regulatory scrutiny and industry-wide pressures, it has focused on rebuilding operational strength and restoring investor confidence.
Over the past year, management has taken meaningful steps to protect shareholder value. Acadia resolved some legacy billing disputes, worked toward strengthening compliance standards and improving workforce retention, and brought back experienced industry leader Debbie Osteen as CEO. These actions signal a commitment to accountability, operational discipline and long-term value creation.
Acadia's strategy has also evolved. Rather than pursuing growth, it has shifted toward maximizing returns from its existing footprint, limiting planned 2026 capital expenditures to a range of $255 million to $280 million. This strategic shift is evident in the company’s recent results, with first-quarter 2026 revenues rising 7.6% year over year to $828.8 million and management raising its full-year adjusted EBITDA guidance from $575-$610 million to $580-$615 million.
Demand for mental health and addiction treatment continues to rise, supported by growing awareness and significant unmet patient needs. While some historical expansions weighed on returns, many recently developed facilities are approaching maturity. Acadia now has an opportunity to convert years of investment into improved profitability, creating a potential turnaround opportunity for long-term investors.
How Are Competitors Faring?Peers such as Universal Health Services, Inc. (UHS - Free Report) and LifeStance Health Group, Inc. (LFST - Free Report) are also pursuing growth and operational efficiency initiatives.
Universal Health Services is increasingly focused on extracting greater value from its behavioral health network. Alongside efforts to improve occupancy and outpatient growth, UHS recently announced its $835 million acquisition of Talkspace to expand patient access and broaden treatment options.
LifeStance Health continues to strengthen its outpatient mental health platform through clinician expansion and technology-enabled care, reflecting LFST’s efforts to capture a bigger share of the growing demand for behavioral health services.
ACHC’s Price Performance, Valuation & EstimatesShares of Acadia have gained 20.9% over the past year compared to the industry’s 8.4% decline over the same period.
Image Source: Zacks Investment Research
From a valuation standpoint, ACHC trades at a forward price-to-earnings ratio of 15.71X, up from the industry average of 8.45X. ACHC carries a Value Score of C.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for ACHC’s 2026 earnings is pegged at $1.50 per share, which has moved 1 cent up in the past 60 days.
Image Source: Zacks Investment Research
Acadia currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
RingCentral rozšiřuje AIR Pro o agentní umělou inteligenci v RingCX, včetně autonomního oslovování zákazníků, inteligentního předávání na živé agenty a nových workflow bez kódu. Novinky mají být obecně dostupné ve 2. pololetí 2026.
Native AI agents added to RingCX workflows giving businesses automated outreach, intelligent handoffs, and more
LAS VEGAS--(BUSINESS WIRE)--RingCentral, Inc. (NYSE: RNG) today announced the expansion of AIR Pro™ to deliver agentic AI capabilities across the RingCentral customer engagement portfolio. The expansion includes new capabilities within RingCX™ that help businesses with end-to-end customer resolution, automated outreach, and intelligent hand-offs. These enhancements also strengthen how customer context is captured and carried within RingCX. When a conversation transfers to a live agent, that agent has a more complete picture, including prior interactions, data from connected systems via APIs, and relevant recordings — without having to ask the customer to repeat themselves. The context layer continuously informs itself, getting smarter with every interaction.
“RingCentral offers the broadest range of customer engagement solutions that address both informal and formal contact center requirements. Our announcement today is about expanding AIR Pro and adding key updates to RingCX as we make progress toward our vision of AI agents and humans working together,” said Jim Dvorkin, SVP of Customer Experience Products at RingCentral. “Our innovations for RingCX continue to be well received by our customers. The addition of native AI agents, along with autonomous outreach, intelligent handoffs, and our AI powered workflow builder for RingCX helps businesses improve customer experiences and achieve measurable results.”
Where Humans and AI Agents Work Together
Highlighted at Customer Contact Week (CCW) Las Vegas 2026, RingCentral rolled out the following updates:
Native AI Agents: Embedded directly into RingCX workflows, native AI agents help with inbound and outbound interactions across voice and digital channels. For example, a business can run multi-step workflows from start to finish, such as confirm an appointment, handle verification, and update a record all within a single call. Autonomous Outreach: Leverage AI agents to proactively initiate conversation outreach triggered by real-time events: appointment reminders, payment notifications, service updates. For example, a credit card payment is missed. AIR Pro calls the customer, confirms the outstanding balance, offers payment options, and processes the payment over the phone. Intelligent Handoffs: When a conversation requires human judgment or empathy, AI agents in RingCX can transfer seamlessly to live agents, carrying full customer history and CRM data so the conversation continues without interruption, repetition, or lost context. AI-powered Workflow Builder: A natural language interface for building RingCX workflows on-demand, customers are able to prompt commands through RingCX’s AI Virtual Assistant (AVA) describing what they need, and it creates a workflow automatically — no coding, no technical resources required. AI-powered RingCX Analytics: Enables business and contact center leaders to prompt questions through RingCentral’s AI Virtual Assistant (AVA) within the RingCX interface to retrieve answers and specific metrics. For example, a newly hired supervisor can ask, "What report should I use to see an agent’s attendance and performance?" and AVA surfaces the answer instantly. New WEM Capabilities
RingCentral’s native WEM solution, called RingWEM, brings together AI Quality Management, AI Interaction Analytics, and AI Workforce Management embedded directly into RingCX – helping businesses reduce average call handle times, and improve customer satisfaction without a fragmented toolset that has long held back contact center performance. New RingWEM capabilities include:
RingWEM with Live Screen Monitoring: This gives supervisors visibility into how agents handle customer interactions, with the ability to whisper, coach, or step in without disrupting the customer experience. For example, it gives supervisors visibility during the call, seeing the agent’s screen in real time, and watching how agents address a problem, while giving coaching suggestions when the conversation is still live. Added Digital Channels
RingCX supports more than 20 digital channels, along with inbound and outbound voice allowing agents to manage various customer interactions from a single, unified interface. RingCX goes beyond the standard support for WhatsApp Messaging, and now includes WhatsApp Voice support.
WhatsApp Voice Support: With WhatsApp Voice in RingCX, customers can move from a messaging conversation to voice without leaving WhatsApp. The agent picks up the call with a complete view of the customer journey, including a summary of each interaction. “As a RingCX and AIR Pro customer, we're expanding our use of AI to drive a consistent customer experience while also enabling more automated AI and human interactions,” said Jaimie Bell, VP of Client Solutions at Office Gurus. “The expansion of AI Agents in RingCX, powered by AIR Pro, is really exciting. We're looking forward to it giving us more control and visibility into deploying AI agents at scale without sacrificing the quality our customers expect. We're early in implementation, and already seeing how AI agents will help us move faster, reduce manual overhead, and deliver a more seamless customer experience.”
RingCX Momentum
As of the end of Q1 2026, more than 1,700 businesses have adopted RingCX, up over 70% year-over-year – with more than half of them utilizing AI.
RingCX customers are achieving measurable results across industries. For example, in healthcare, Sun River Health achieved a 95% first-call resolution rate — 25% above industry standard. In entertainment, The Escape Game reduced costs by 50% while increasing bookings by 7%, and the San Diego Symphony cut box office hold times by 95%.
“The industry is moving beyond AI assistants towards increasingly autonomous AI agents that can participate in customer journeys alongside human workers,” said Hayley Sutherland, Conversational AI Analyst at IDC. “Organizations will need a common framework for managing performance, quality, analytics, and governance across both — and having that native to the contact center platform is the right approach. RingCentral's direction reflects its commitment to both supporting its customers with the capabilities needed today, and taking them where the market is headed.”
Pricing & Availability
Native AI Agents in RingCX and Automated Outreach will be available on a consumption basis, aligned with AIR Pro pricing. RingWEM with Live Screen Monitoring — will be priced on a seat basis or included in the RingCX Ultimate tier. New RingCX capabilities are currently in beta with general availability in 2H 2026. AI-powered RingCX Analytics and RingWEM with Live Screen Monitoring will be available in Q3.
For additional details or demo requests, visit the RingCentral booth #411 at CCW Las Vegas, or click here.
Join the RingCentral “CCW Special Edition” of AI Real Talk—Live or on-demand Elevate Every Customer Experience: Keeping Humans in the Loop While Scaling AI June 23 | 10:00 AM PT / 1:00 PM ET
About RingCentral
RingCentral is a global leader in AI–powered customer engagement, delivering an integrated platform for business phone, SMS, contact center, workforce engagement management, video collaboration, and messaging. Powered by advanced AI capabilities, RingCentral delivers intelligence at every phase of the conversation journey — before, during, and after each human interaction. With RingCentral, businesses can work smarter, respond faster, and connect more meaningfully with their customers. Visit ringcentral.com to learn more.
Joby Aviation zvýšila tržby ve 4. čtvrtletí 2025 na 30,84 milionu USD a pro rok 2026 očekává 105 až 115 milionů USD. Akcie jsou ale stále pod tlakem kvůli ztrátovosti a vysokému ocenění.
Joby Aviation (NYSE:JOBY | JOBY Price Prediction) is graduating from a flight-test story to a revenue story. The Blade acquisition pushed Q4 2025 revenue to $30.84 million, management is guiding $105 million to $115 million for full-year 2026, and a JFK-to-Manhattan eVTOL flight put the brand in front of every commuter in the country.
Yet shares sit at $10, down 24.24% year to date. Can JOBY trade at $20 by 2028?
What’s Holding Joby Back Shares are stuck because of what investors are paying for unprofitable growth. Joby trades at a price-to-sales ratio of 122x with a beta of 2.67, punished whenever rate expectations shift. Shares are flat over the last month at 0%, with a recent 20% drop in June tied to a strong jobs report and renewed Fed tightening concerns.
Insider selling has weighed on sentiment. Director Paul Sciarra sold 416,666 shares at $12.02, and CFO Rodrigo Brumana followed with a $897,000 sale via a 10b5-1 plan. Both were pre-scheduled, but the optics hurt a stock already 47% below its 52-week high.
Wall Street Sees 11% Upside. Our Model Says 16%. Consensus target is $11.12, with 1 strong buy, 2 buys, 5 holds, 2 sells, and 1 strong sell. Our base-case model lands at $11.62 for a 16.2% upside, with a moderate 0.5 confidence score mirroring the analyst split of 27% bullish, 27% bearish, 45% neutral.
Consensus is too anchored on Joby being pre-revenue. The bull case points to $15.05 within twelve months and $25.75 over five years. Wall Street has not repriced for FAA certification, and that is the asymmetry worth watching.
The Path to $20 Per Share Reaching $20 from $10 requires a gain of 100%. With forward EPS of -$1.20, a price of $20 implies a forward P/E of -17x. The negative figure shows why our model excludes EPS and leans on analyst target weighting and the 247Factor of 1.045. For JOBY, price-to-sales is where the bull case has room.
If Joby hits a credible 2028 revenue ramp toward the $458 million projection being modeled post-FAA approval, the current 122x sales multiple compresses sharply at $20.
Three catalysts are in motion: the first point-to-point electric air taxi flight from JFK to Manhattan, selection for commercial operations in 11 states, and a Dubai launch with vertiports at the airport, Palm Jumeirah, and Dubai Mall.
CEO JoeBen Bevirt told investors, “2026 will mark a key inflection point for Joby”, and ARK Invest backed that view with a 119,000-share purchase after the FAA milestone. The primary risk is simple: any FAA Type Certification slip beyond 2026 resets the bull thesis.
Is $20 Realistic? Joby has no earnings power yet, which is the entire problem and opportunity. The stock sits at $10, against a 52-week range of $7.75 to $20.95, and a 50-day moving average of $9.79. Five-year total return is essentially flat at 0.4%.
The market has paid Joby for the option rather than the operating business. If Dubai service launches and the Dayton plant ramps to 4 aircraft per month in 2027, the option converts into cash flow.
Hitting $20 by 2028 requires a 100% gain, and on a beta of 2.67 that is achievable.
Three things must go right: FAA Type Certification by 2026, passenger revenue from Dubai and U.S. eIPP sites in 2027, and Dayton production hitting 4 aircraft per month on schedule. A certification delay forcing another dilutive capital raise derails it.
I view $20 as a stretch target with real catalysts behind it. Returns at this level shouldn’t be expected every year, but the blueprint for Joby reaching $20 in 2028 is clear.
