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NEW YORK, July 01, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Intuit Inc. (NASDAQ:INTU) for potential securities fraud after its significant stock drop.

If you invested in Intuit, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/intuit-class-action-lawsuit.

Key Details of the Intuit ($INTU) Class Action Investigation:

Investigation Overview: Securities fraud regarding the company’s price positioning among DIY tax filers ahead of and during the 2026 tax seasonStock Decline: May 20, 2026 – 20% Stock DropAction: Contact BFA Law to discuss your rights
Why is Intuit Being Investigated for Securities Fraud?

Intuit is a financial technology platform that serves consumers, small and mid-market businesses, and accountants through its offerings, which include TurboTax, Credit Karma, and QuickBooks.

During the relevant period, Intuit told investors that it had been preparing for the 2026 tax season “a couple of years ago” and that the company understood what worked in 2025, which was “being at the lowest price compared to alternatives.” Intuit also stated that the 2026 tax season was “off to a strong start” as the company was poised to deliver the “best price for our customers.”

In truth, it appears that the company was facing pressure among the most price-sensitive DIY tax filers and was not competitive on price in this segment.

Why did Intuit’s Stock Drop?

On May 20, 2026, Intuit released its fiscal Q3 2026 financial results, which included its 2026 tax season revenue. Intuit stated that it “did not have the overall tax season we expected” and that it “faced pressure among the most price-sensitive DIY filers.” Intuit stated that “[w]e [lost] on price,” and revealed that the company needed to evolve its business model by delivering the right lineup and price points to meet simple filers’ needs at the low end. Intuit also announced that TurboTax online paying units were expected to grow by only 2% as total IRS filers were expected to decline by approximately 30 basis points, representing the “most significant industry-wide contraction since the post-COVID tax season.”

This news caused the price of Intuit stock to decline $76.86 per share, or 20%, from a closing price of $383.93 per share on May 20, 2026, to $307.07 per share on May 21, 2026.

Click here for more information: https://www.bfalaw.com/cases/intuit-class-action-lawsuit.

What Can You Do?

If you invested in Intuit, you may have legal options and are encouraged to submit your information to the firm.

All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.

Submit your information by visiting:

https://www.bfalaw.com/cases/intuit-class-action-lawsuit

Or contact:

Adam McCall
[email protected]
212.789.3619

Why Bleichmar Fonti & Auld LLP?

BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “SuperLawyers” by Thomson Reuters.

Most recently, The Legal 500 awarded BFA the most client satisfaction accolades of any plaintiff’s securities litigation law firm, with clients noting: “[t]here is no better service provider in the practice area,” “[t]he interest of the client is always front and center,” and “[t]here isn’t a better firm in this space.” One testimonial described the firm as “nimble and entrepreneurial,” with a “relentless focus on adding value for clients.” 

Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.

For more information about BFA and its attorneys, please visit https://www.bfalaw.com.

https://www.bfalaw.com/cases/intuit-class-action-lawsuit

Attorney advertising. Past results do not guarantee future outcomes.

Air Products and Chemicals (APD) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.

Accenture is currently caught in a ~70% drawdown relative to its all-time high reached in December 2021. This is the largest drawdown since the company's IPO in July 2001. Similar to many enterprise software companies I have previously covered, ACN and the entire IT consulting industry are also caught in the eye of the AI storm. I expect Accenture and its peers, like EPAM Systems and Cognizant Technology, to play critical roles in the overall AI deployment cycle.

, /PRNewswire/ -- Mobility Global Inc. (NYSE: MBGL) announced today that it has completed its separation from S&P Global Inc. and is now an independent, public company. Mobility Global shares will begin trading today on the New York Stock Exchange under the ticker symbol "MBGL."

"For over 100 years, we have had the honor of serving the automotive industry. As Mobility Global, we continue our mission of providing trusted information that fuels better decisions in this fast-moving sector," said Bill Eager, Chief Executive Officer of Mobility Global. "Our powerful brands – CARFAX, automotiveMastermind, Polk Automotive Solutions, and Market Scan – help people make better decisions with unique industry-leading information. As the many changes across the automotive industry continue, our data, our AI capabilities, and, most importantly, our people will meet the growing demand for must-have information that helps automotive manufacturers, suppliers, dealers and consumers."

"Mobility Global begins from a position of financial strength, built on our powerful brands, trusted data, and deep, long-standing customer relationships," said Matt Calderone, Chief Financial Officer of Mobility Global. "This foundation is what allows us to keep innovating in market-leading products, technology, and talent. As an independent, publicly traded company, we can further tailor our growth strategy, financial profile, and investments to the specific needs of the Mobility business and its customers."

"I've spent my career in this industry, and the decisions facing automotive manufacturers, dealers, and suppliers today are more complex and consequential than ever before," said Joe Hinrichs, Chairman of the Board of Mobility Global. "In this environment, trusted information is essential. Mobility Global is uniquely positioned to provide solutions, backed by a century of credibility and brands the industry relies on. On behalf of the Board, I'm proud of our leadership, our teams, and our mission, and I am confident in our ability to help shape the future of mobility."

The separation was achieved through the distribution of 100 percent of the shares of Mobility Global to holders of S&P Global common stock effective as of 12:01 a.m. New York City time on July 1, 2026, with S&P Global stockholders receiving one share of Mobility Global common stock for every share of S&P Global common stock held at the close of business on June 15, 2026, the record date. S&P Global stockholders entitled to receive the distribution received a book-entry account statement or a credit to their brokerage account reflecting their ownership of Mobility Global common stock. Fractional shares of Mobility Global common stock were not distributed. Any fractional share of Mobility Global common stock otherwise issuable to a S&P Global stockholder will be sold in the open market on such stockholder's behalf, and such stockholder will receive a cash payment for the fractional share based on its pro rata portion of the net cash proceeds from all sales of fractional shares.

About Mobility Global

Mobility Global is the world's standard for automotive information, providing critical data and analytics across the full vehicle lifecycle. Its portfolio of trusted brands and products includes CARFAX, automotiveMastermind, Polk Automotive Solutions, and Market Scan, supporting the world's major automotive manufacturers, suppliers, dealer groups, media, financial institutions, and consumers with data, forecasts, insights, technology, and innovation. For more information, visit mobilityglobal.com.

Forward-Looking Statements

This press release contains "forward-looking statements," as defined in the Private Securities Litigation Reform Act of 1995. These statements, which express management's current views concerning future events, trends, contingencies or results, appear at various places in this press release and use words like "anticipate," "assume," "believe," "continue," "estimate," "expect," "forecast," "future," "intend," "plan," "potential," "predict," "project," "strategy," "target" and similar terms, and future or conditional tense verbs like "could," "may," "might," "should," "will" and "would." For example, management may use forward-looking statements when addressing topics such as: the outcome of contingencies; future actions by regulators; changes in the business strategies and methods of generating revenue of Mobility Global Inc. (the "Company"); and the development and performance of the Company's services and products; the expected impact of acquisitions and dispositions; the Company's effective tax rates; the Company's cost structure, dividend policy, cash flows or liquidity.

Forward-looking statements are subject to inherent risks and uncertainties. Factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements include, among other things:

We may not realize the anticipated benefits from the Separation, and the Separation could harm our business. We have no history of operating as an independent company, and our historical combined, historical condensed combined, and unaudited pro forma condensed combined financial information is not necessarily representative of the results that we would have achieved as an independent, publicly traded company and may not be a reliable indicator of our future results. We will incur significant costs to create the infrastructure necessary to operate as an independent public company and may experience operational disruptions in connection with the Separation. We will have debt obligations that could restrict our business and could have a material adverse effect on our business, financial condition or results of operations. In addition, the separation of our business from S&P Global may increase the overall cost of debt funding and decrease the overall debt capacity and commercial credit available to us. If certain of the Restructuring Transactions and/or the Distribution, together with certain related transactions, do not qualify as transactions that are tax-free for U.S. federal income tax purposes or, with respect to certain of the Restructuring Transactions, non-U.S. tax purposes, S&P Global and/or holders of S&P Global common stock could be subject to significant tax liabilities. In certain circumstances, we may be required to indemnify S&P Global for these liabilities. Changes in macroeconomic trends and the volatility of the macroeconomic environment could have a material adverse effect on our business, financial condition or results of operations. Our revenue growth depends on existing customers renewing and upgrading their subscriptions for our products and solutions, our ability to sell additional products and solutions to existing customers and our ability to attract new customers. Our customers' decisioning may be adversely affected if we are unable to maintain or grow our data network, or if we provide inaccurate or unreliable data, which could adversely affect our financial condition, cause loss of customer trust and contribute to non-compliance with certain laws and regulations. Any inability by us to develop new products and solutions, enhance our existing products through technology, adapt to new technologies, or achieve widespread customer adoption of those products and solutions could have a material adverse effect on our business, financial condition or results of operations. Our business is substantially dependent on our relationships with certain customer groups, including dealers and OEMs. If a significant number of customers in such customer groups terminate their subscription agreements with us and/or closures or consolidations occur within such groups that reduce demand for our products, it could have a material adverse effect on our business, financial condition or results of operations. Our reputation, credibility and brand are our key assets and competitive advantages, and our business may be affected by how we are perceived in the marketplace. Our investments in our brands may not be successful and could have a material adverse effect on our business, financial condition or results of operations. Our acquisitions, divestitures and other strategic transactions may not produce anticipated results, which could have a material adverse effect on our business, financial condition or results of operations. We face competition in our markets, which could have a material adverse effect on our business, financial condition or results of operations and cause our market share to decline. Our expansion into and investments in new and growing markets may not be successful, which could have a material adverse effect on our business, financial condition or results of operations. We rely on third-party data sources and service providers for many aspects of our business. From time to time, we lose third-party data sources or the services and solutions, or the data, services or solutions of these suppliers have errors or are delayed, resulting in a disruption or inability to provide our customers with the information, products or solutions they desire. Our size, scale, and role in the global markets increases our exposure to cyber attacks and other cybersecurity risks, which could have a material adverse effect on our business, financial condition or results of operation. Our inability to adequately obtain, protect and maintain our intellectual property and other proprietary rights could impact our competitive position. Exposure to litigation and government and regulatory proceedings, investigations and inquiries could have a material adverse effect on our business, financial condition or results of operations. Changes and increased enforcement in the global privacy, data localization, operational resilience and data protection legislative, regulatory and commercial environments in which we operate may materially and adversely impact our ability to collect, compile, use and publish data, require us to disclose information about our security environment, and could have a material adverse effect on our business, financial condition or results of operations. Because there has not been any public market for our common stock, the market price and trading volume of our common stock may be volatile and you may not be able to resell your shares at or above the initial market price of our common stock following the Separation. A large number of our shares are or will be eligible for future sale, which may cause the market price of our common stock to decline. Because our common stock may not be included in the Standard & Poor's 500 Index, and it may not be included in other stock indices, significant amounts of our common stock will likely need to be sold in the open market where there may not be offsetting demand. The factors noted above are not exhaustive. The Company and its subsidiaries operate in a dynamic business environment in which new risks emerge frequently. Accordingly, the Company cautions readers not to place undue reliance on any forward-looking statements, which speak only as of the dates on which they are made. The Company undertakes no obligation to update or revise any forward-looking statement to reflect events or circumstances arising after the date on which it is made, except as required by applicable law. Further information about the Company's businesses, including information about factors that could materially affect its results of operations and financial condition, is contained in the Company's filings with the SEC, including, the section titled "Risk Factors" of the Information Statement, dated May 27, 2026, filed as Exhibit 99.1 to the Company's Form 10 with the SEC on May 27, 2026.

Contacts:

Mobility Global Investor Relations:
Tejal Engman
Managing Director, Investor Relations
[email protected]

Media:
Kara Evanko
Global Head of Communications
[email protected]

SOURCE Mobility Global, Inc.

, /PRNewswire/ -- The Kroger Co. (NYSE: KR) and Giant Eagle, Inc. ("Giant Eagle") today announced a definitive agreement under which Kroger will acquire Giant Eagle, a leading family-owned food and pharmacy retailer with approximately $9 billion in annual sales and 197 supermarkets and 11 standalone pharmacies across northern Ohio, western Pennsylvania, West Virginia, Maryland and Indiana. The transaction has been unanimously approved by Kroger's Board of Directors.

With a purchase price of $1.65 billion, comprised of $1.25 billion in cash consideration and the assumption of approximately $400 million in outstanding liabilities, this transaction is consistent with Kroger's disciplined approach to capital allocation and its focus on acquisitions where the company can create clear value for customers, associates and shareholders.

A strong strategic fit
"Giant Eagle is a well-run, high-quality regional grocer with a strong reputation for fresh products, pharmacy, private label and customer loyalty," said Greg Foran, Chief Executive Officer at Kroger. "We evaluated the opportunity carefully, and the strategic fit is clear. Giant Eagle expands our reach into attractive adjacent markets, allowing us to do what we do best: Run outstanding stores, deliver fresh foods and convenient meal solutions at affordable prices, and take care of our customers and associates every single day."

Giant Eagle's established store base, loyalty program, pharmacy business and private label portfolio provide a strong foundation for growth. Together with Kroger's eCommerce solutions, data and personalization capabilities and operating discipline, we see significant opportunity to accelerate growth both in-store and online, enhance the customer experience and create long-term value for shareholders.

The companies plan to build on Giant Eagle's long history of community engagement by bringing Kroger's Zero Hunger | Zero Waste impact plan to new communities.

"Today's announcement marks an exciting next chapter for our Team Members, customers, vendors and community partners," said Bill Artman, Chief Executive Officer at Giant Eagle. "Together with Kroger, we will be well-positioned to advance our strategy and deliver better quality and service, better everyday value, and a better shopping experience for our customers, while providing greater growth opportunities for our dedicated Team Members."

Financial impact 
Kroger will finance the transaction with cash. Following the close of the transaction, the company expects to maintain its net total debt to adjusted EBITDA ratio target range of 2.3 – 2.5x. As part of Kroger's commitment to shareholder returns, the company expects to maintain its dividend, subject to board approval, continue its previously announced $2 billion share repurchase program, and preserve financial flexibility to invest in its strategic priorities and core business.

Kroger expects the transaction to be accretive to adjusted EPS per diluted share in the second full year after close, excluding one-time transaction and integration costs.

Regulatory process 
In connection with obtaining the requisite regulatory clearance necessary to consummate the transaction, Kroger and Giant Eagle expect to make limited Giant Eagle store divestitures.

The transaction is expected to close in 2027, subject to receipt of required regulatory clearance and other customary closing conditions.

Advisors
RBC Capital Markets is serving as exclusive financial advisor, and Jones Day is serving as legal counsel to Kroger.

Wells Fargo is serving as exclusive financial advisor to Giant Eagle. WilmerHale is serving as the primary legal advisor and Troutman Pepper Locke is serving as local counsel on Giant Eagle's behalf.

About Kroger
At The Kroger Co. (NYSE: KR), we are, across our family of companies more than 400,000 associates who serve over 11 million customers daily through an eCommerce and store experience under a variety of banner names, serving America through food inspiration and uplift, and creating #ZeroHungerZeroWaste communities. To learn more about us, visit our newsroom and investor relations site.

About Giant Eagle
Giant Eagle, Inc., ranked among Forbes magazine's largest private corporations, is one of the nation's largest food retailers and distributors. Founded in 1931, Giant Eagle, Inc. has grown to be a leading food and pharmacy retailer in the region, with more than 200 stores throughout western Pennsylvania, north central Ohio, northern West Virginia, Maryland, and Indiana.

This press release contains certain statements that constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, about the proposed acquisition of Giant Eagle and the future performance of the company. These statements are based on management's assumptions and beliefs in light of the information currently available to it. Such statements are indicated by words or phrases such as "achieve," "committed," "continue," "drive," "expect," "focused," "future," "guidance," "may," "model," "opportunities," "strategy," "target," "trends," and variations of such words and similar phrases. Various uncertainties and other factors could cause actual results to differ materially from those contained in the forward-looking statements. These include the specific risk factors identified in "Risk Factors" in our annual report on Form 10-K for our last fiscal year and any subsequent filings, as well as our ability to successfully complete the acquisition of Giant Eagle; and our ability to successfully integrate Giant Eagle into our business and risks inherent with the Giant Eagle acquisition in the achievement of expected results, including whether the acquisition will be accretive and within the expected timeframe.

Kroger assumes no obligation to update the information contained herein unless required by applicable law. Please refer to Kroger's reports and filings with the Securities and Exchange Commission for a further discussion of these risks and uncertainties.

SOURCE The Kroger Co.

Kroger has agreed to acquire food and pharmacy retailer Giant Eagle for $1.65 billion in cash and assumed liabilities.

July 01, 2026 07:00 ET  | Source: Ocugen

MALVERN, Pa., July 01, 2026 (GLOBE NEWSWIRE) -- Ocugen, Inc. (Ocugen or the Company) (NASDAQ: OCGN), a pioneering biotechnology leader in gene therapies for blindness diseases, today announced that the Company will present on its innovative modifier gene therapy platform at upcoming investor and industry conferences in July 2026.

Piper Sandler Virtual Ophthalmology Day – Fireside Chat

Date: Friday, July 10, 2026
Time: 10:00–10:25 a.m. EDT
Speaker: Dr. Shankar Musunuri, Chairman, CEO, and Co-Founder, Ocugen
Moderator: Biren Amin, Managing Director, Healthcare Equity Research, Piper Sandler & Co.

OIS (Ophthalmology Innovation Source) Retina Innovation Summit

Location: DoubleTree Montreal
Date: Tuesday, July 14, 2026
1:45 p.m. EDT – Regenerative Approaches in Retinal Disease: From Genetic Repair to Functional Restoration
Panelists: Sally Tucker, Peter Francis, Shankar Musunuri, Dhaval Desai, Dina Akasheh, Thomas Ciulla

ASRS (American Society of Retina Specialists)

Location: Palais des Congrès de Montréal
Date: Friday, July 17, 2026
8:21–8:24 a.m. EDT – OCU410 Phase 2 ArMaDa 1-Year Results
Presenter: Arshad M. Khanani, MD, MA, FASRS, Director of Clinical Research and Director of Fellowship, Sierra Eye Associates; Clinical Professor, University of Nevada, Reno School of Medicine
8:24–8:27 a.m. EDT – Phase 1/2 OCU410 Quantitative FAF/SD-OCT Analysis and Safety Outcomes
Presenter: Jay Chhablani, MD, Professor, University of Pittsburgh and UPMC Vision Institute; President, NetraMind

A webcast of the Piper Sandler presentation will be available under the “Events and Presentation” page of the Investors section of the Company’s website. A replay of the webcast will be available for 30 days following the event. For more information, please visit Investors | Ocugen, Inc.

About Ocugen, Inc.
Ocugen, Inc. is a pioneering biotechnology leader in gene therapies for blindness diseases. Our breakthrough modifier gene therapy platform has the potential to address significant unmet medical need for large patient populations through our gene-agnostic approach. Unlike traditional gene therapies and gene editing, Ocugen’s modifier gene therapies address the entire disease—complex diseases that are potentially caused by imbalances in multiple gene networks. Currently we have programs in development for inherited retinal diseases and blindness diseases affecting millions across the globe, including retinitis pigmentosa, Stargardt disease, and geographic atrophy—late-stage dry age-related macular degeneration. Discover more at www.ocugen.com and follow us on X and LinkedIn.

Cautionary Note on Forward-Looking Statements
This press release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding qualitative assessments of available data, potential benefits, expectations for ongoing clinical trials, anticipated regulatory filings and anticipated development timelines, which are subject to risks and uncertainties. We may, in some cases, use terms such as “predicts,” “believes,” “potential,” “proposed,” “continue,” “estimates,” “anticipates,” “expects,” “plans,” “intends,” “may,” “could,” “might,” “will,” “should,” or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. Such statements are subject to numerous important factors, risks, and uncertainties that may cause actual events or results to differ materially from our current expectations, including, but not limited to, the risks that preliminary, interim and top-line clinical trial results may not be indicative of, and may differ from, final clinical data; that unfavorable new clinical trial data may emerge in ongoing clinical trials or through further analyses of existing clinical trial data; that earlier non-clinical and clinical data and testing of may not be predictive of the results or success of later clinical trials; and that that clinical trial data are subject to differing interpretations and assessments, including by regulatory authorities. These and other risks and uncertainties are more fully described in our periodic filings with the Securities and Exchange Commission (SEC), including the risk factors described in the section entitled “Risk Factors” in the quarterly and annual reports that we file with the SEC. Any forward-looking statements that we make in this press release speak only as of the date of this press release. Except as required by law, we assume no obligation to update forward-looking statements contained in this press release whether as a result of new information, future events, or otherwise, after the date of this press release.

Investor Contact:
Candice Masse
astr partners
[email protected]

15.65K Followers

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in DVN over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

NEW YORK, July 01, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against ZoomInfo Technologies Inc. (NASDAQ:GTM) and certain of the Company’s senior executives for securities fraud after its significant stock drop resulting from potential violations of the federal securities laws.

If you invested in ZoomInfo, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/zoominfo-class-action-lawsuit.

Key Details of the ZoomInfo ($GTM) Class Action:

Lead Plaintiff Deadline: August 24, 2026Alleged Misconduct: Securities fraud alleging that ZoomInfo misled investors regarding the impact of ZoomInfo’s AI-integrated products on customer retentionStock Drop: May 12, 2026 2026 – 33% Stock DropCourt: U.S. District Court for the Western District of WashingtonAction: Contact BFA Law to discuss your rights Investors have until August 24, 2026 to ask the Court to be appointed to lead the case. The complaint asserts securities fraud claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in ZoomInfo securities. The class action is pending in the U.S. District Court for the Western District of Washington. It is captioned Tejeda v. ZoomInfo Technologies et al., No. 26-cv-05696.

Why is ZoomInfo Being Sued for Securities Fraud?

ZoomInfo has been sued for securities fraud following a significant stock drop resulting from potential violations of the federal securities laws. The decline in ZoomInfo’s stock price caused significant losses to investors.

ZoomInfo provides go-to-market (“GTM”) intelligence and a customer engagement platform for sales, marketing, operations, and recruiting professionals.

Throughout the relevant period, ZoomInfo allegedly stated that “the demand for AI for GTM is evident up and down our customer stack.” According to ZoomInfo, its “innovative go-to-market AI” was “driving stronger daily engagement from a diverse set of go-to-market personas.”

On February 9, 2026, ZoomInfo issued its 2026 revenue guidance “in the range of $1.247 billion to $1.267 billion,” because “in 2026, our focus is on bringing” ZoomInfo’s “all-in-one AI platform for go-to-market teams . . . to our customers at scale.”

In truth, as alleged, ZoomInfo’s customer retention declined as customers were rejecting ZoomInfo’s AI products.

Why did ZoomInfo’s Stock Drop?

On May 11, 2026, ZoomInfo announced its Q1 2026 results and slashed its 2026 revenue guidance from $1.247-$1.267 billion to $1.185-$1.205 billion. ZoomInfo revealed that its customer growth “regressed” due to “AI and agentic confusion” leading to “a pause in [customers’] purchasing decisions[.]”

This news caused the price of ZoomInfo stock to decline $1.98 per share, or 32.78%, from a closing price of $6.04 per share on May 11, 2026, to $4.06 per share on May 12, 2026.

Click here for more information: https://www.bfalaw.com/cases/zoominfo-class-action-lawsuit.

What Can You Do?

If you invested in ZoomInfo, you may have legal options and are encouraged to submit your information to the firm.

All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.

Submit your information by visiting:

https://www.bfalaw.com/cases/zoominfo-class-action-lawsuit

Or contact:
Adam McCall
[email protected]
212.789.3619

Why Bleichmar Fonti & Auld LLP?

BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “SuperLawyers” by Thomson Reuters.

Most recently, The Legal 500 awarded BFA the most client satisfaction accolades of any plaintiff’s securities litigation law firm, with clients noting: “[t]here is no better service provider in the practice area,” “[t]he interest of the client is always front and center,” and “[t]here isn’t a better firm in this space.”  One testimonial described the firm as “nimble and entrepreneurial,” with a “relentless focus on adding value for clients.”

Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.

For more information about BFA and its attorneys, please visit https://www.bfalaw.com.

https://www.bfalaw.com/cases/zoominfo-class-action-lawsuit

Attorney advertising. Past results do not guarantee future outcomes.

HOTEL101-BANGKOK IS SET TO HAVE APPROX. 770 ROOMS TO RISE IN AN 8,336 SQM SITE ALONG PHAHON YOTHIN ROAD, NEAR DON MUEANG INTERNATIONAL AIRPORT AND BESIDE THE YAEK KOR POR AOR BTS STATION.

HOTEL101-BANGKOK IS EXPECTED TO GENERATE APPROX. 1.925 BILLION BAHT (US$58 MILLION) IN SALES REVENUE

HOTEL101-BANGKOK WITH ITS 8,336 SQM PRIME SITE AND APPROX. 770 ROOMS IS EXPECTED TO BE ONE OF THE TOP 3 LARGEST HOTELS IN BANGKOK BY ROOMCOUNT

(Hotel101-Bangkok Thailand's preliminary perspective which is set to have approx. 770 rooms)

Hotel101 Global and Origin Property teams led by Hotel101 Global Founder Mr. Edgar “Injap” Sia II and Executive Chairman Mr. Rodolfo “Pong” Ponferrada, Chief Development Officer Ms. Catherine Chan, Strategic Partnerships Director Ms. Jane Wang and Legal Services Director Mr. Carlos D. Agaña, together with Origin Property PCL CEO Mr. Peerapong Jaroon-ek and Co-CEO Mr. Pitipong Trinuruk, President and Founder Ms. Arada Jaroon-ek, CEO of Origin Hotel Mr. Chanchai Phansopha, Business Development and Joint Venture Manager Ms. Thamon-on Manaboon and Joint Venture and New Business Manager Mr. Kacha Kunpalin during the signing ceremony for Hotel101-Bangkok held at Origin Property’s Headquarters in Bangkok, Thailand.

The project will be jointly developed by Hotel101 Global and Origin Hotel, subsidiary under Origin Property PCL (ORI, listed on the Stock Exchange of Thailand) (“Origin Property”), which was established in 2009 as a leading property developer specializing in stylish condominiums located near BTS Skytrain routes and expressways, offering residents convenient access to transportation. Since its founding, Origin Property has developed numerous quality projects known for unique designs, functional layouts, and strong after-sales service.

SINGAPORE, July 01, 2026 (GLOBE NEWSWIRE) -- Hotel101 Global Holdings Corp. (NASDAQ Ticker: HBNB) (“Hotel101” or “Hotel101 Global”), a leading asset-light, prop-tech hospitality platform pioneering a global standardized “condotel” business model listed on the Nasdaq Stock Exchange and a subsidiary of Philippine-listed DoubleDragon Corporation (PSE Ticker: DD), announces the signing of definitive binding agreements for the joint venture development of an approx. 770-room Hotel101 in Bangkok, Thailand. This expansion marks a significant milestone in the company's global growth strategy, bringing its novel, globally standardized condotel business model to one of Southeast Asia’s most dynamic capital cities and major transportation hubs.

The hotel is expected to occupy a prime 8,336 sqm site along Phahon Yothin Road, near Don Mueang International Airport and beside the Yaek Kor Por Aor BTS Station. This strategic position is expected to offer connectivity and convenient access to Bangkok’s vibrant northern corridor. The area has emerged as one of Bangkok’s key growth districts, known for its modern infrastructure, excellent transport links, and strong mix of commercial, residential, and tourism developments.

Key Location Advantages:

Prime Phahon Yothin Road Position: Located beside the Yaek Kor Por Aor BTS Station and near Don Mueang International Airport. Guests are expected to benefit from seamless connectivity via the BTS Skytrain system and proximity to the airport, providing convenient access for both domestic and international travelers.Proximity to Major Attractions: Surrounded by vibrant local attractions including Save One Go Night Market. The site offers an excellent balance of urban energy, shopping, dining, and green spaces, with easy access to Chatuchak Market, the city center, and major Bangkok attractions. Hotel101-Bangkok is expected to generate approx. 1.925 billion Baht (US$58 million) in sales revenue once fully sold, and is expected to be completed by 2029, forming part of Hotel101 Global’s global expansion strategy.

Hotel101-Bangkok is expected to offer 4-star amenities at affordable prices, including ample meeting spaces and a conference center tailored for business events. Consistent with Hotel101’s offerings across its locations globally, guests are expected to be able to enjoy modern rooms, 24/7 reception, all-day dining, swimming pool, full-size gym, business center, children's pool, ample parking, luggage storage, and other amenities.

The development is subject to customary regulatory approvals.

(Hotel101-Bangkok, Thailand is set to have approx. 770 rooms)

About Hotel101 Global

Listed on Nasdaq (Ticker: HBNB) with a market capitalization of approx. US$1.2 billion as of June 30, 2026. Hotel101 is an asset-light, prop-tech hospitality platform pioneering a global standardized “condotel” business model. Hotel101 aims to disrupt the global hotel and hospitality sector through its unique tech-enabled business model that positions it to generate revenues twice: first from the advance sale of individual hotel units during the construction phase; and second, from long-term recurring revenue derived from day-to-day hotel operations. The expansion of Hotel101 towards its long-term goal to operate in 100 countries globally is expected to be driven mainly by joint ventures and license agreements with local developers in various countries worldwide.

The Hotel101 Global Group is advancing its global expansion plans towards its medium-term goal to be in 25 countries and its long-term goal of operating one million Hotel101 rooms in 100 countries globally.

Forward Looking Statements

This document includes certain “forward-looking statements” within the meaning of securities laws of certain jurisdictions, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts contained in this document, including statements regarding the future financial position, business strategy, plans and objectives of management for future operations of Hotel101 Global Holdings Corp. (“HBNB”) and its subsidiaries (the “HBNB Group”), are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “set,” “expect,” “predict,” “potential” or the negative of these terms or other similar expressions. Forward-looking statements include, without limitation, HBNB’s expectations concerning anticipated sales revenues, the location, expected number of rooms and expected project completion dates, the outlook for the HBNB Group’s business, productivity, plans and goals for future operational improvements and capital investments, operational performance, future market conditions or economic performance and developments in the capital and credit markets and expected future financial performance, as well as any information concerning possible or assumed future results of operations of the HBNB Group. These forward-looking statements are based on the beliefs and assumptions of the management of HBNB. Although HBNB believes that such plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, HBNB cannot assure you that such plans, intentions or expectations will be achieved or realized. Forward-looking statements involve a number of risks, uncertainties and assumptions and actual results or events may differ materially from those projected or implied in those statements. Factors that may cause actual results to differ materially from current expectations include, but are not limited to, the HBNB Group’s ability to execute on its business model, potential business expansion opportunities in foreign countries and growth strategies, manage future growth, retain and expand customers’ use of its hotel services and attract new customers, and source and maintain talent; risks relating to joint venture partners, including owners of pre-sold condotel units in Hotel101 hospitality projects, who may have interests different from and may take actions that adversely affect the HBNB Group; risks relating to project cost and completion; risks relating to the HBNB Group’s sources of cash and cash resources; risks relating to offering deferred payment schemes, including the risk of customer default; the HBNB Group’s ability to effectively compete in the highly competitive hospitality industry; any declines or disruptions in the travel and hospitality industries or economic downturn; applicable laws and regulations to real estate development and marketing activities and hotel operation and management activities in the jurisdictions where the HBNB Group has operations or intends to expand into; and other risks and uncertainties discussed in HBNB’s annual report for the year ended December 31, 2025 on Form 20-F and under the heading “Risk Factors” in HBNB’s registration statement on Form F-4 (File No.: 333-287130) and other documents to be filed by HBNB from time to time with the U.S. Securities and Exchange Commission.

The foregoing list of factors is not exhaustive. Should one or more of these risks or uncertainties materialize, or should any of HBNB’s assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. There may be additional risks that are not presently known to HBNB or that HBNB currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. HBNB cautions you against placing undue reliance on forward-looking statements, which reflect current beliefs and are based on information currently available as of the date hereof. Forward-looking statements set forth herein speak only as of the date of this document. HBNB does not undertake any obligation to revise forward-looking statements to reflect future events, changes in circumstances, or changes in beliefs. In the event that any forward-looking statement is updated, no inference should be made that HBNB will make additional updates with respect to that statement, related matters or any other forward-looking statements.

Contact information:
[email protected]

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/261e762c-c96b-423d-b333-f537ff8a1b11

https://www.globenewswire.com/NewsRoom/AttachmentNg/3e67c9d0-4461-43b8-bc4d-ca2b1d3a7d99

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Much like its next-generation air taxis, Joby Aviation (JOBY +3.36%) stock floated impressively higher after a new manufacturing joint venture with Toyota Motor (TM 1.72%) was announced. Joby’s shares flew to a more than 3% gain on Tuesday, easily topping the 0.8% rise of the benchmark S&P 500 index.

Here are the details of the deal as we know them, along with a few words on why it matters to the company.

Image source: Getty Images.

Deepening partnershipThat morning, in a joint press release, Joby and Toyota announced they had formed a joint venture. According to a regulatory filing posted at roughly the same time, the enterprise bears the very chunky name Joby Toyota Aero Manufacturing Preparation Company (JTAMPC). Toyota holds a 51% majority stake, and Joby owns the rest.

The two companies described the formation of JTAMPC as the “initial phase of their strategic manufacturing alliance.”

It will aim to lay the foundations for the commercial production of Joby’s electric vertical take-off and landing (eVTOL) aircraft. These are small craft that seat four passengers and a pilot, and combine elements of airplanes and helicopters. They are to be used for air taxi services initially planned for cities such as New York.

In my view, the timing is very good because Joby has secured the air carrier operator certificate required by the U.S. Federal Aviation Administration (FAA) to operate a commercial air taxi service in this country. It’s also in the concluding stages of earning the remaining two mandatory certificates — aircraft type and production. Its status is similar in the United Arab Emirates, which effectively grants similar approval once a potential licensee receives the FAA’s green light.

JTAMPC is the latest iteration of the years-long cooperation between Joby and the Japanese automotive giant. The latter’s Toyota AI Ventures, an early-stage venture capital firm, led a 2018 funding round for Joby and repeated the feat in 2020 with a much larger fundraising effort. In 2023, the two companies signed a long-term supply agreement under which Toyota will provide certain components for the eVTOLs. Finally, in 2024, the carmaker made a direct, $500 million investment in Joby.

Those fundraising rounds and the $500 million injection have given Toyota a substantial equity stake in its partner. In fact, Toyota is Joby’s single largest institutional investor, with a roughly 13% holding.

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Passing the testThe creation of the joint venture is also timely, as it comes just over two months after Joby conducted a series of tests in its target U.S. lead market, New York City. One of its flagship models, the S4, flew a series of runs between JFK Airport in Queens and several heliports in downtown Manhattan. By repeatedly putting the aircraft through its paces, Joby advanced that much further toward securing the FAA’s final nods for full commercial operation.

These are exciting times for the company. Toyota’s ever-deepening involvement is a nice investor morale-booster, sure, but more powerfully, it shows that the Japanese automotive titan believes in Joby’s potential enough to help the American company realize it. I don’t blame investors at all for being bullish on Joby stock following the news.

, /PRNewswire/ -- Check Point Software Technologies Ltd. (NASDAQ: CHKP) a pioneer and global leader in cyber security solutions, today announced it is a partner for the AWS European Sovereign Cloud, a new independent cloud for Europe.

Check Point's Cloud Firewall offering is now available on the AWS European Sovereign Cloud, further supporting customers in Europe. Check Point solutions deliver prevention-first security across network, workload, and application layers, while providing customers with the same availability and performance they expect from Amazon Web Services (AWS). Availability on the AWS European Sovereign Cloud enables European organisations to meet stringent operational autonomy and data residency requirements within the European Union.

The AWS European Sovereign Cloud is a fully featured, independently operated sovereign cloud backed by strong technical controls, sovereign assurances, and legal protections designed to meet the needs of European governments and enterprises. The AWS European Sovereign Cloud infrastructure is entirely located within the EU and operates independently from existing AWS Regions. Customers using the AWS European Sovereign Cloud benefit from the full power of AWS including the same service portfolio, security, availability, performance, familiar architecture, APIs, and innovations such as the AWS Nitro System.

"The AWS European Sovereign Cloud represents a significant step forward for organisations operating under EU regulatory frameworks. Check Point's Cloud Firewall solution on this independent cloud infrastructure enables our customers to run their most sensitive workloads with operational autonomy and data residency entirely within the EU. With Check Point's prevention-first security and AI-powered threat intelligence, plus the sovereignty controls and technical assurances of AWS, we're delivering the compliance support and innovation our customers need to accelerate their digital transformation while meeting stringent regulatory requirements."

— Joaquin Reixa, Vice President, Western Europe, Check Point Software Technologies

Customers can begin planning their transition to the AWS European Sovereign Cloud today. To learn more about Check Point's Cloud Firewall and WAF offerings available on the AWS European Sovereign Cloud, visit Public Cloud AWS Security - Check Point Software.

Follow Check Point on LinkedIn, X (formerly Twitter), Facebook, YouTube and our blog.

About Check Point Software Technologies Ltd.  
Check Point Software Technologies Ltd. (www.checkpoint.com) is a global cyber security leader protecting more than 100,000 organizations worldwide. Its mission is to secure enterprises' AI transformation. With a prevention-first approach and an open ecosystem architecture, Check Point helps organizations block advanced threats, prioritize exposures, and automate security operations across complex digital environments. The unified architecture simplifies protection across hybrid networks, multi-cloud environments, digital workspaces, and AI systems. Structured around four strategic pillars, Hybrid Mesh Network Security, Workspace Security, Exposure Management, and AI Security, Check Point delivers consistent protection and visibility across multivendor environments, enabling organizations to reduce risk, improve efficiency, and accelerate innovation without increasing complexity.

Legal Notice Regarding Forward-Looking Statements
This press release contains forward-looking statements. Forward-looking statements generally relate to future events or our future financial or operating performance. Forward-looking statements in this press release include, but are not limited to, statements related to the expected availability and rollout of Check Point solutions on the AWS European Sovereign Cloud, customers' ability to deploy and operate workloads on the AWS European Sovereign Cloud as it becomes available, and our expectations regarding the benefits of these offerings. Our expectations and beliefs regarding these matters may not materialize, and actual results or events in the future are subject to risks and uncertainties that could cause actual results or events to differ materially from those projected. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in our filings with the Securities and Exchange Commission, including our Annual Report on Form 20-F filed with the Securities and Exchange Commission on March 17, 2025. The forward-looking statements in this press release are based on information available to Check Point as of the date hereof, and Check Point disclaims any obligation to update any forward-looking statements, except as required by law.

SOURCE Check Point Software Technologies

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) will hold a conference call to review results for its second quarter ended June 30, 2026. The public is invited to listen to the conference call on Friday, August 7, 2026, at 8:30 a.m. Eastern with Chief Executive Officer Jim Breuer and Chief Financial Officer John Regan. Financial results will be released prior to the market open that day.

The live webcast and a reply will be available with accompanying slides online at investor.fluor.com. The call will also be accessible by telephone at +1 833-461-5787 (U.S./Canada) or +1 585-542-9983. The conference ID is 315702289.

A replay of the webcast will be available for 30 days.

About Fluor Corporation
Fluor Corporation (NYSE: FLR) is building a better world by applying world-class expertise to solve its clients’ greatest challenges. Fluor’s nearly 23,500 employees provide professional and technical solutions that deliver safe, well-executed, capital-efficient projects to clients around the world. Fluor had revenue of $15.5 billion in 2025 and is ranked 292 among the Fortune 500 companies. With headquarters in Irving, Texas, Fluor has provided engineering, procurement, construction and maintenance services for more than a century. For more information, please visit www.fluor.com or follow Fluor on Facebook, Instagram, LinkedIn, X and YouTube.

#corp

In 2000, a “robot” mostly meant a caged arm bolted to a car line, repeating one welded seam. Most could not see, none could leave their cells unsupervised, and a full installation ran into six figures. Twenty-six years later, robots place electronics faster than the eye can track, walk warehouse aisles beside people, assist in surgery, and drive paying passengers with no one in the seat. The clearest way to show the jump is with numbers, at four checkpoints: 2000, 2010, 2020, and today. They map closely onto the constituents of the ROBO Global Robotics & Automation Index (ROBO) and the ROBO Global Artificial Intelligence Index (THNQ).

Key Takeaways (as of June 2026): What a robot is has changed completely: in 2000 it was a blind, caged arm; today it sees, walks warehouse aisles beside people, assists surgeons, and drives passengers, placing electronic components several times faster than the machines of 2000. Whole categories that were not commercial in 2000 now ship at scale. Collaborative robots (Universal Robots, owned by Teradyne (TER) with 100,000+ sold) and surgical systems (Intuitive Surgical (ISRG), a da Vinci base of 11,395 systems as of Q1 2026), plus robotaxis, and humanoids. Scale shows in the base, about 4.66 million industrial robots in 2024 with an estimated 575,000 more installed in 2025, and in the index: ROBO holds 76 constituents, with FANUC and Yaskawa among its largest holdings at the Q4 2025 rebalance. See more: ROBO and THNQ Index Rebalance Shifts Weight Toward AI Backbones and Physical Automation

The most telling column in each table below is the far right: the categories that did not exist in 2000 and bill customers now.

Making Things: Precision Assembly and Machine Vision Got Faster & Cheaper Robots do their oldest job, assembly, far faster. Two decades ago the fastest pick-and-place heads were rated in the tens of thousands of placements per hour; today’s top machines advertise peak rates above 100,000 placements per hour under ideal conditions, with sustained output lower. The accuracy behind that speed comes from machine vision, which most 2000-era lines lacked, the reason Cognex (CGNX) anchors ROBO’s vision sleeve.

Making things 2000 2010 2020 2024-26 High-speed component placement tens of thousands/hr faster multi-head lines high-speed modular heads 100,000+/hr at peak (ideal) Machine vision on the line rare, 2D, slow 2D mainstream 3D, deep-learning defect detection AI vision standard, self-calibrating Force/precision feedback open-loop, caged early force sensing collaborative force limits tactile + AI grasp planning Moving Things: Warehouse Robots and the Jump in Picks Per Hour Logistics is where robots learned to move among people. A manual picker averages 60 to 80 picks an hour; an autonomous-mobile-robot goods-to-person station runs 300 to 400, and DHL has reported productivity gains of roughly 30% to 180% after deploying Locus robots. Amazon (AMZN, not an index constituent) went from no robots before its 2012 Kiva acquisition to more than 1 million deployed across its network by 2025.

Moving things 2000 2010 2020 2024-26 Order picks per worker-hour 60-80 (manual) 100-120 (voice-directed) 200-300 (goods-to-person) 300-400+ per AMR station Robots in one network (Amazon) 0 0 (Kiva pre-acquisition) ~200,000 (2019) 1,000,000+ (2025) Where the robot operates bolted in a cell fixed conveyor lines caged + early AMRs free-roaming beside people, increasingly in daily life What Did Not Exist in 2000: Cobots, Surgical Robots, Robotaxis, and Humanoids The clearest evidence of progress is the categories that barely existed in 2000. Collaborative robots were not commercial until Universal Robots’ first sale in 2008; it has now sold more than 100,000 and sits in ROBO through parent Teradyne. Robotic surgery, newly cleared in 2000, is now routine: Intuitive Surgical’s da Vinci base reached 11,395 systems as of March 31, 2026, performing about 3.15 million procedures in 2025. Robotaxis were a DARPA research challenge; Waymo (a unit of Alphabet, not a constituent) passed 200 million fully autonomous miles by mid-2026 and runs about 500,000 paid rides a week. Humanoids were Honda’s ASIMO on a stage; in 2026 Morgan Stanley nearly doubled its forecast for China’s humanoid shipments to 50,000 units, and Figure (still private) robots work at a BMW plant.

Category 2000 2010 2020 2024-26 Collaborative robots (cobots) none first units shipping 50,000 sold (Universal Robots) 100,000+ sold, Teradyne-owned Surgical robots (da Vinci installed base) newly cleared, near zero 1,752 systems 5,865 systems 11,395 systems (Q1 2026) Autonomous robotaxis DARPA lab demo test mules limited geofenced pilots 200M+ miles, ~500k rides/week Humanoid robots ASIMO research demo research only research + early prototypes ~50,000 China shipments forecast (MS, 2026) Robot Adoption by the Numbers: Installed Base, Density and Falling Cost Zoom out and the curve is the cleanest signal. The installed base of industrial robots roughly sextupled in two decades, helped by price: the average robot cost about $47,000 in 2011 and roughly $23,000 by 2022, tracking Wright’s Law. Annual installations have topped 500,000 since 2021, with the IFR’s preliminary 2025 read near 575,000. Robot density keeps setting records, reaching a global average of 177 per 10,000 manufacturing workers in 2024, led by South Korea at 1,220.

Adoption metric 2000 2010 2020 2024-26 Operational stock (industrial robots) ~757,000 (2001) ~1.0 million ~3.0 million 4.66 million (2024) Annual installations ~99,000 ~120,000 ~384,000 ~575,000 (2025 est.) Global avg robot density (per 10,000) very low ~50 (est.) 126 177 (2024) Avg price per industrial robot highest (pre-decline) ~$47,000 ~$25,000 ~$23,000 (2022) From Competitive Wedge to National Mandate: How Governments Now Fund Robotics Automation used to be a private edge; now it is industrial policy. China has treated robotics as a strategic priority for over a decade, from Made in China 2025 through successive five-year plans, and its 2025 Humanoid Robot Action Plan targets 100,000 units by 2027, behind a state guidance fund slated to channel roughly $137 billion into AI and robotics over two decades. Japan’s focus is older still, rooted in its aging workforce, and its new 10.5 trillion yen (about $65 billion) physical-AI plan to 2040 boosts a decades-long effort. The newer entrants are catching up: South Korea unveiled an $880 billion, decade-long chips-and-physical-AI plan aiming to lift its humanoid share from 1% to 20%, the United States signed a 2025 order favoring domestic drones and is weighing a broader robotics order, and the European Union is still assembling its strategy.

Country / bloc Headline robotics push Money committed The goal China Humanoid Robot Action Plan, backed by five-year plans ~$137 billion AI and robotics fund 100,000 humanoids by 2027 United States CHIPS Act and a 2025 domestic-drone order ~$52 billion (CHIPS Act) Reshore high-tech manufacturing European Union AI Continent plan and Chips Act 2.0 Tens of billions (Chips Act) Strategic autonomy; AI rules from 2026 Japan National Robot Strategy and a 2040 physical-AI plan ~$65 billion for physical AI by 2040 Offset a shrinking, aging workforce South Korea The “Three Mega Projects” national plan ~$880 billion over 10 years Lift humanoid share from 1% to 20% When five governments subsidize the same supply chain, demand for industrial arms, machine vision, and motion components gains a policy floor under it.

The Consumer Robotics Cycle and a 2040 Call The factory came first; the consumer is next, and 2026 is only the entry point. The robot vacuum, anywhere from about $300 to $1,400 depending on model, is still the only autonomous robot most homes actually run. The first consumer humanoids are only starting to appear, quoted around $20,000 for a unit like the 1X NEO and not yet available off the shelf, roughly where the robot vacuum sat in 2003. Goldman Sachs models the humanoid market (robots only) at $38 billion by 2035 and Morgan Stanley the full ecosystem near $5 trillion by 2050. Framed as a research view rather than a trade: by 2040 the consumer humanoid should be reaching into early-majority homes as unit prices fall toward the $15,000 to $50,000 band Morgan Stanley models for mid-century, on the same cheaper-and-more-capable flywheel that carried industrial robots from 757,000 units to 4.66 million.

Consumer robotics 2002-2010 2026 (entry) ~2035 ~2050 Mainstream home robot Robot vacuum debuts (Roomba, 2002) Vacuum mature + first consumer humanoids Humanoids scale in industry first Humanoids as common as appliances Humanoid units in service none early pilots ~13 million, mostly industrial (Morgan Stanley) ~930 million, mostly industrial (Morgan Stanley) Humanoid unit price n/a ~$20,000 quoted (not yet off-shelf) falling toward mass-market ~$15,000 to $50,000 Humanoid market size n/a pre-revenue at scale $38 billion, robots only (Goldman Sachs, 2035) ~$5 trillion ecosystem (Morgan Stanley, 2050) What This Means for ROBO and THNQ Investors This shows up at the constituent level. The ROBO Global Robotics & Automation Index, the benchmark behind the ROBO Global Robotics & Automation ETF (ROBO), held 76 securities at its August 2025 reconstitution, with Teradyne, Intuitive Surgical, FANUC (6954.T), and Yaskawa (6506.T) among its largest holdings, spread by design across industrials and the enabling-technology layer rather than a few mega-caps. The June 2026 rebalance pushed both indices further toward physical AI, adding Ouster (OUST) and Schaeffler (SHA0 GR) to ROBO and Marvell (MRVL) to THNQ, the compute layer led by Nvidia (NVDA). That thesis was visible at the Automate 2026 conference last week, where FANUC demonstrated a cobot programmed in plain language and Yaskawa an adaptive robot line running on Nvidia software.

The Bottom Line The 26-year arc is six-fold growth in the installed base, a halving of cost, four brand-new categories, and a shift from private edge to funded national mandate. The steepest part of the next decade’s curve sits in those four categories, with the consumer humanoid plausibly reaching homes around 2040, and ROBO and THNQ constituents have the clearest claim on it. For the deployment evidence, see Physical AI Goes Live: Takeaways From 2 Major Conferences.

ROBO is the underlying index for the ROBO Global Robotics & Automation ETF (ROBO). THNQ is the underlying index for the ROBO Global Artificial Intelligence ETF (THNQ).

Looking for regular updates? Subscribe here for weekly insights on Healthcare Technology, AI, and Robotics, delivered straight to your inbox.

For more news, information, and strategy, visit the Disruptive Technology Content Hub.

VettaFi is the index provider for the funds referenced above and receives a licensing fee based on assets. The funds are not issued, sponsored, endorsed, or sold by VettaFi, and VettaFi has no obligation or liability in connection with their operation, marketing, trading, or sale.

NEW YORK, July 01, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Hub Group Inc. (NASDAQ:HUBG) and certain of the Company’s senior executives for securities fraud after its significant stock drop resulting from potential violations of the federal securities laws.

If you invested in Hub Group, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/hub-group-class-action-lawsuit.

Key Details of the HUBG ($HUBG) Class Action:

Lead Plaintiff Deadline: August 28, 2026Alleged Misconduct: Securities fraud relating to Hub Group’s financial results, revenue recognition, accounting of costs, internal controls, and prospects for/drivers of growthLargest Stock Drop: February 6, 2026 – 18% Stock DropCourt: U.S. District Court for the Northern District of IllinoisFiling Law Firm: Bleichmar Fonti & Auld (“BFA Law”)Action: Contact BFA Law to discuss your rights Investors have until August 28, 2026, to ask the Court to be appointed to lead the case. The complaint asserts securities fraud claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Hub Group securities. The class action is pending in the U.S. District Court for the Northern District of Illinois. It is captioned Lawler v. Hub Group, Inc., No. 1:26-cv-07596.

Why is Hub Group Being Sued for Securities Fraud?

Hub Group is a transportation and logistics freight carrier that provides trucking and related services to operators across the supply chain. Hub Group services a customer base extending across various industries, including retail, consumer products, automotive, and durable goods, and reports to be one of the largest freight transportation providers in North America. 

The complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements concerning the premature and incorrect revenue recognition of certain transactions, the understatement of purchased transportation costs and accounts payable, the effectiveness of internal controls, and the Hub Group’s drivers of financial results and growth.

Why did Hub Group’s Stock Drop?

On February 5, 2026, Hub Group announced that the Company’s financial statements for the first three quarters of 2025 should not be relied upon and would be restated due to “an error that resulted in the understatement of purchased transportation costs and accounts payable in the first nine months of 2025.” Hub Group revealed that its reports for those quarters “were in each case materially misstated due to the aforementioned error and should no longer be relied upon” and that “the Company [wa]s also continuing to assess the effectiveness of its disclosure controls and procedures and internal control over financial reporting and appropriate remediation steps.”  Hub Group also estimated that “[t]he total amount of the reduction to accounts payable and purchased transportation costs related to this issue that was recorded during these periods is $77 million.”

This news caused the price of Hub Group stock to decline roughly 18%, from $51.33 per share at close on February 5, 2026, to $41.96 per share at close on February 6, 2026.

On May 12, 2026, Hub Group announced that it had “identified certain transactions that were prematurely or incorrectly recognized or not adequately supported,” causing its 2023 and 2024 annual reports filed with the SEC to be “materially misstated,” such that they “should no longer be relied upon.”  Hub Group did not quantify the expected misstatement, although it “expect[ed] to conclude that it did not maintain effective disclosure controls and procedures and internal control over financial reporting for each of the years ended December 31, 2024 and 2023.”

This news caused the price of Hub Group stock to decline a further 13%, from $41.86 per share at close on May 11, 2026, to $36.62 per share at close on May 12, 2026.

Click here for more information: https://www.bfalaw.com/cases/hub-group-class-action-lawsuit.

What Can You Do?

If you invested in Hub Group, you may have legal options and are encouraged to submit your information to the firm.

All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.

Submit your information by visiting:

https://www.bfalaw.com/cases/hub-group-class-action-lawsuit

Or contact:
Adam McCall
[email protected]
212.789.3619

Why Bleichmar Fonti & Auld LLP?

BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “SuperLawyers” by Thomson Reuters.

Most recently, The Legal 500 awarded BFA the most client satisfaction accolades of any plaintiff’s securities litigation law firm, with clients noting: “[t]here is no better service provider in the practice area,” “[t]he interest of the client is always front and center,” and “[t]here isn’t a better firm in this space.” One testimonial described the firm as “nimble and entrepreneurial,” with a “relentless focus on adding value for clients.” 

Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.

For more information about BFA and its attorneys, please visit https://www.bfalaw.com.

https://www.bfalaw.com/cases/hub-group-class-action-lawsuit

Attorney advertising. Past results do not guarantee future outcomes.

MEDINA, Ohio--(BUSINESS WIRE)--RPM International Inc. (NYSE: RPM) today announced that its board of directors declared a regular quarterly cash dividend of $0.54 per share, payable on July 31, 2026, to stockholders of record as of July 14, 2026.

RPM’s last cash dividend increase of 6% in October 2025 marked RPM’s 52nd consecutive year of increased cash dividends paid to its stockholders, which places RPM in an elite category of less than half of 1 percent of all publicly traded U.S. companies. Only 39 other U.S. companies have consecutively paid an increasing annual dividend for a longer period of time, according to stockanalysis.com. During this timeframe, the company has returned approximately $3.9 billion in cash dividends to its stockholders.

About RPM

RPM International Inc. owns subsidiaries that are world leaders in specialty coatings, sealants, building materials and related services. The company operates across three reportable segments: consumer, construction products and performance coatings. RPM has a diverse portfolio of market-leading brands, including Rust-Oleum, DAP, Zinsser, Varathane, The Pink Stuff, Stonhard, Carboline, Tremco, Euclid Chemical, Dryvit and Nudura. From homes and workplaces to infrastructure and precious landmarks, RPM’s brands are trusted by consumers and professionals alike to help build a better world. The company employs approximately 17,800 individuals worldwide. Visit www.RPMinc.com to learn more.

For more information, contact Matt Schlarb, Vice President – Investor Relations & Sustainability, at 330-220-6064 or [email protected].

More News From RPM International Inc.

CHX Deadline: CHX Investors with Losses in Excess of $100K Have Opportunity to Lead ChampionX Corporation Securities Fraud Lawsuit

, /PRNewswire/ -- Prosperity Bancshares, Inc.® ("Prosperity") (NYSE: PB), the parent company of Prosperity Bank®, today announced the completion of the merger of Stellar Bancorp, Inc. ("Stellar") with and into Prosperity and the merger of Stellar's wholly owned subsidiary, Stellar Bank, headquartered in Houston, Texas, with and into Prosperity Bank, all effective on July 1, 2026.

Under the terms and subject to the conditions of the merger agreement between Prosperity and Stellar, Prosperity issued 0.3803 shares of Prosperity common stock and paid $11.36 in cash for each outstanding share of Stellar common stock.

Robert R. Franklin, Jr., Stellar's Chief Executive Officer and Stellar Bank's Executive Chairman, joined Prosperity and Prosperity Bank as Vice Chairman, and Ramon Vitulli, Stellar's President and Stellar Bank's Chief Executive Officer, joined Prosperity Bank as Houston Area Chairman. Additional members of Stellar Bank management will maintain leadership roles in the combined organization.

In addition, Mr. Franklin and Joe B. Swinbank, a director of Stellar, have joined the Board of Directors of Prosperity, and Mr. Vitulli and Pat Parsons, a director of Stellar Bank, have joined the Board of Directors of Prosperity Bank.

Stellar operates fifty-two (52) banking offices including its main office in Houston and banking offices in the Houston, Beaumont and East Texas areas and in Dallas, Texas. Stellar banking locations will continue to operate under the Stellar Bank name until the operational integration, which is scheduled for March 2027. At that time, Stellar customers may begin using any of Prosperity Bank's full service banking centers.

About Prosperity Bancshares, Inc. ®

As of March 31, 2026, Prosperity Bancshares, Inc.® is a $43.619 billion Houston, Texas based regional financial holding company providing personal banking services and investments to consumers and businesses throughout Texas and Oklahoma. Founded in 1983, Prosperity believes in a community banking philosophy, taking care of customers, businesses and communities in the areas it serves by providing financial solutions to simplify everyday financial needs. In addition to offering traditional deposit and loan products, Prosperity offers digital banking solutions, credit and debit cards, mortgage services, retail brokerage services, trust and wealth management, and treasury management.

As of June 30, 2026, Prosperity operates 311 full-service banking locations: 62 in the Houston area, including The Woodlands; 36 in the South Texas area including Corpus Christi and Victoria; 61 in the Dallas/Fort Worth area; 21 in the East Texas area; 28 in the Central Texas area including Austin and San Antonio; 45 in the West Texas area including Lubbock, Midland-Odessa, Abilene, Amarillo and Wichita Falls; 15 in the Bryan/College Station area; 6 in the Central Oklahoma area; 8 in the Tulsa, Oklahoma area; and 18 in the Central, South Texas and San Antonio areas currently doing business as American Bank; and 11 in the San Antonio area doing business as Texas Partners Bank.

Cautionary Notes on Forward-Looking Statements

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This release contains forward-looking statements within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. From time to time, oral or written forward-looking statements may also be included in information released to the public. Such forward-looking statements are typically, but not exclusively, identified by the use in the statements of words or phrases such as "aim," "anticipate," "believe," "estimate," "expect," "goal," "guidance," "intend," "is anticipated," "is expected," "is intended," "objective," "plan," "projected," "projection," "will affect," "will be," "will continue," "will decrease," "will grow," "will impact," "will increase," "will incur," "will reduce," "will remain," "will result," "would be," variations of such words or phrases (including where the word "could," "may," or "would" is used rather than the word "will" in a phrase) and similar words and phrases indicating that the statement addresses some future result, occurrence, plan or objective. Forward-looking statements include all statements other than statements of historical fact, including forecasts or trends, and are based on current expectations, assumptions, estimates and projections about Prosperity Bancshares and its subsidiaries. These forward-looking statements may include information about Prosperity's possible or assumed future economic performance or future results of operations, including future revenues, income, expenses, provision for loan losses, provision for taxes, effective tax rate, earnings per share and cash flows and Prosperity's future capital expenditures and dividends, future financial condition and changes therein, including changes in Prosperity's loan portfolio and allowance for loan losses, changes in deposits, borrowings and the investment securities portfolio, future capital structure or changes therein, as well as the plans and objectives of management for Prosperity's future operations, future or proposed acquisitions, including the integration of Stellar, the future or expected effect of acquisitions on Prosperity's operations, results of operations, financial condition, and future economic performance, statements about the anticipated benefits of transactions, and statements about the assumptions underlying any such statement. These forward‑looking statements are not guarantees of future performance and are based on expectations and assumptions Prosperity currently believes to be valid. Because forward-looking statements relate to future results and occurrences, many of which are outside of Prosperity's control, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. These risks and uncertainties include, but are not limited to whether Prosperity can: successfully identify acquisition targets and integrate the businesses of acquired companies and banks, including Stellar; continue to sustain its current internal growth rate or total growth rate; provide products and services that appeal to its customers; continue to have access to debt and equity capital markets; and achieve its sales objectives. Other risks include, but are not limited to: the possibility that credit quality could deteriorate; actions of competitors; changes in laws and regulations (including changes in governmental interpretations of regulations and changes in accounting standards); the possibility that the anticipated benefits of an acquisition transaction, including Stellar, are not realized when expected or at all, including as a result of the impact of, or problems arising from, the integration of Stellar or as a result of the strength of the economy and competitive factors generally; a deterioration or downgrade in the credit quality and credit agency ratings of the securities in Prosperity's securities portfolio; customer and consumer demand, including customer and consumer response to marketing; effectiveness of spending, investments or programs; fluctuations in the cost and availability of supply chain resources; economic conditions, including currency rate, interest rate and commodity price fluctuations; and weather. Prosperity disclaims any obligation to update such factors or to publicly announce the results of any revisions to any of the forward-looking statements included herein to reflect future events or developments. These and various other factors are discussed in Prosperity's Annual Report on Form 10-K for the year ended December 31, 2025, and other reports and statements Prosperity has filed with the Securities and Exchange Commission ("SEC"). Copies of the SEC filings for Prosperity may be downloaded from the Internet at no charge from http://www.prosperitybankusa.com.

SOURCE Prosperity Bancshares, Inc.

NEW YORK, July 01, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Peabody Energy Corporation (NYSE:BTU) and certain of the Company’s senior executives for securities fraud after its significant stock drop resulting from potential violations of the federal securities laws.

If you invested in Peabody, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/peabody-class-action-lawsuit.

Key Details of the Peabody ($BTU) Class Action:

Lead Plaintiff Deadline: August 24, 2026Alleged Misconduct: Securities fraud relating to Peabody’s statements about the coal production at Centurion, its flagship premium hard coking coal mine.Largest Alleged Stock Drop: March 30, 2026 – 9.7% stock dropCourt: U.S. District Court for the Eastern District of MissouriAction: Contact BFA Law to discuss your rights
Investors have until August 24, 2026 to ask the Court to be appointed to lead the case. The complaint asserts securities fraud claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Peabody common stock. The class action is pending in the U.S. District Court for the Eastern District of Missouri. It is captioned McGeachy v. Peabody, et al., No. 26-cv-01020.

Why is Peabody Being Sued for Securities Fraud?

Peabody is a producer of metallurgic and thermal coal that owns interests in 16 active coal mining operations in the United States and Australia.

According to the complaint, during the relevant period, Peabody announced it would be increasing production from its flagship premium hard coking coal mine, Centurion due to an acceleration of longwall operations. Peabody stated that shipments of Centurion’s premium hard coking coal would expand sevenfold in 2026 to 3.5 million tons and even more beyond that time. On February 5, 2026, Peabody indicated that the team was “putting the finishing touches on the Centurion mine in advance of starting longwall mining, well ahead of its original schedule.”

As alleged, in truth, the Centurion mine was facing significant commissioning challenges resulting in increased costs and volume decreases in its production.

Why did Peabody’s Stock Drop?

On March 30, 2026, Peabody announced lower sales volume from the Centurion mine due to a delivery of only 250,000 tons in the first quarter. Peabody attributed the low volume to “greater than anticipated mine commissioning challenges.”

This news caused the price of Peabody common stock to drop $3.82 per share, or 9.7%, from $39.50 per share on March 27, 2026, to $35.68 per share on March 30, 2026.

Then, on May 5, 2026, Peabody announced additional delays to the commissioning of the Centurion mine as well as increased costs and lower volume. Peabody stated it only expected to sell about 300,000 tons in the second quarter and reduced its full year sales outlook for Centurion from 3.5 million tons to 2.5 million tons.

This news caused the price of Peabody common stock to drop $1.52 per share, or 5.7%, from $26.52 per share on May 4, 2026, to $25.00 per share on May 5, 2025.

Click here for more information: https://www.bfalaw.com/cases/peabody-class-action-lawsuit.

What Can You Do?

If you invested in Peabody, you may have legal options and are encouraged to submit your information to the firm.

All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.

Submit your information by visiting:

https://www.bfalaw.com/cases/peabody-class-action-lawsuit

Or contact:
Adam McCall
[email protected]
212.789.3619

Why Bleichmar Fonti & Auld LLP?

BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “SuperLawyers” by Thomson Reuters.

Most recently, The Legal 500 awarded BFA the most client satisfaction accolades of any plaintiff’s securities litigation law firm, with clients noting: “[t]here is no better service provider in the practice area,” “[t]he interest of the client is always front and center,” and “[t]here isn’t a better firm in this space.” One testimonial described the firm as “nimble and entrepreneurial,” with a “relentless focus on adding value for clients.”

Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.

For more information about BFA and its attorneys, please visit https://www.bfalaw.com.

https://www.bfalaw.com/cases/peabody-class-action-lawsuit

Attorney advertising. Past results do not guarantee future outcomes.

CoStar Group, Inc. (NASDAQ: CSGP), a global leader in online real estate marketplaces, information, analytics and 3D digital twin technology in the property ma

Nvidia's (NVDA +2.66%) CEO and co-founder, Jensen Huang, has no problem calling out stocks that he thinks will be worthwhile investments. Recently, he made another one of those calls, pinpointing Marvell (MRVL +7.38%) as a top stock pick. In fact, he thinks it will be one of the next trillion-dollar companies.

That's high praise from the CEO of the world's largest company, but does that assessment translate to shares of Marvell being a better buy than Nvidia stock? Let's look at these two and see which stock makes the most sense to invest in now.

Image source: The Motley Fool.

Marvell's custom chip business is just ramping up Nvidia makes graphics processing units (GPUs) and various hardware that support its ecosystem. Nvidia's GPUs are the go-to computing options for artificial intelligence (AI) computing and have been the top choice since the AI build-out kicked off in 2023. Although GPUs are still dominant, there has been increased demand for more specialized computing hardware that's purposefully designed to run single types of workloads, which is where Marvell excels.

Today's Change

(

2.66

%) $

5.19

Current Price

$

200.16

Marvell's current primary business is communication chips, which help direct information traffic in a data center. However, it's working with several AI hyperscalers to create their own AI chips. These chips are specialized for each company, and Marvell has two major clients it's working with: Microsoft and Amazon. Both of these are major players in the AI realm, and partnering with them is a great move for Marvell.

Today's Change

(

7.38

%) $

20.50

Current Price

$

298.25

However, this part of Marvell's business is just ramping up, and it remains to be seen how successful it is. In the meantime, Nvidia is dominating the data center landscape, and I think it has a leg up from a business perspective right now.

Winner: Nvidia.

Nvidia's growth far outpaces Marvell's From a growth standpoint, Nvidia is running away with it.

NVDA Revenue (Quarterly YoY Growth) data by YCharts

Marvel's growth isn't bad, but it's certainly not to the level of Nvidia. Looking ahead, Wall Street analysts expect 41% growth for Marvell this year and 45% next year. For Nvidia, they expect 81% growth this year and 41% in the next. So, while next year's outlook appears to be about the same for both companies, Nvidia is dominant in the near term, giving it the edge in this category.

Winner: Nvidia.

Nvidia is cheaper too? Following Huang's comments on Marvell, the stock skyrocketed, although it has come back down a bit. But even before then, Marvell was trading at a pretty pricey valuation, while Nvidia hasn't garnered the same respect as it has in years past.

NVDA PE Ratio (Forward) data by YCharts

Nvidia trades for a reasonable 22 times forward earnings, while Marvell tips the scales at nearly 70. That means that for these two to be valued at the same level, Marvell must more than triple its earnings after this year's growth is accounted for. That's a lot of expectations for Marvell stock and, as a result, pushes me toward Nvidia.

Winner: Nvidia.

Nvidia is still the king Despite many rising stars in the AI world, there hasn't been one company so far that comes close to offering the combination of growth and value that Nvidia does for investors. Although it has been the top AI stock for the past few years, I still think it maintains that title, and I think for most investors, Nvidia is the best AI stock to buy now and hold for the long term.

Famous investor Peter Lynch once said that sometimes the best stock to buy is one that you already own, and I think AI investors should keep that in mind with Nvidia.

July 01, 2026 06:30 ET  | Source: Parsons Services Company

CHANTILLY, Va., July 01, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) will release second quarter 2026 financial results before the markets open on Wednesday, July 29, 2026. The company will host a conference call at 8:00 a.m. Eastern Time that day to discuss its earnings results and guidance, followed by a question-and-answer session.

Access to a webcast of the live conference call can be obtained through the Investor Relations section of the company's website (https://investors.parsons.com). Those parties interested in participating via telephone may register on the Investor Relations website or by clicking here.

A replay will be available on the company's website approximately two hours after the conference call and continuing for one year.

About Parsons Corporation

Parsons (NYSE: PSN) is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and electronic warfare, space and missile defense, transportation, water and environment, urban development, and critical infrastructure protection. Please visit Parsons.com and follow us on LinkedIn to learn how we’re making an impact.

Contacts:

MediaInvestor RelationsBernadette MillerDave SpilleParsons CorporationParsons Corporation+1 980.253.9781+1 [email protected]@Parsons.us

Wednesday, 01 July 2026 06:30 AM

Topic: 

Earnings FISCAL 2026 Q3 HIGHLIGHTS

Net sales of $1,047.1 million increased 7.8% YoY

Operating income of $106.7 million, or $111.2 million on an adjusted basis1

Operating margin of 10.2%, or 10.6% on an adjusted basis1

Diluted EPS of $1.44 vs. $1.02 in the prior fiscal year quarter

Adjusted diluted EPS of $1.43 vs. $1.08 in the prior fiscal year quarter1

MELVILLE, NY AND DAVIDSON, NC / ACCESS Newswire / July 1, 2026 / MSC INDUSTRIAL SUPPLY CO. (NYSE:MSM) ("MSC," "MSC Industrial," the "Company," "we," "us," or "our"), a leading North American distributor of a broad range of metalworking and maintenance, repair and operations (MRO) products and services, today reported financial results for its fiscal 2026 third quarter ended May 30, 2026.

Financial Highlights 2

FY26 Q3

FY25 Q3

Change

FY26 YTD

FY25 YTD

Change

Net Sales

$

1,047.1

$

971.1

7.8

%

$

2,930.5

$

2,791.3

5.0

%

Income from Operations

$

106.7

$

82.7

29.0

%

$

247.8

$

217.3

14.0

%

Operating Margin

10.2

%

8.5

%

8.5

%

7.8

%

Net Income Attributable to MSC

$

80.4

$

56.8

41.4

%

$

174.7

$

142.8

22.3

%

Diluted EPS

$

1.44

3

$

1.02

4

41.2

%

$

3.12

3

$

2.55

4

22.4

%

Adjusted Financial Highlights 2

FY26 Q3

FY25 Q3

Change

FY26 YTD

FY25 YTD

Change

Net Sales

$

1,047.1

$

971.1

7.8

%

$

2,930.5

$

2,791.3

5.0

%

Adjusted Income from Operations 1

$

111.2

$

87.2

27.5

%

$

261.5

$

225.5

16.0

%

Adjusted Operating Margin 1

10.6

%

9.0

%

8.9

%

8.1

%

Adjusted Net Income Attributable to MSC 1

$

79.9

$

60.2

32.7

%

$

181.2

$

149.0

21.6

%

Adjusted Diluted EPS 1

$

1.43

3

$

1.08

4

32.4

%

$

3.24

3

$

2.67

4

21.3

%

1 Represents a non-GAAP financial measure. An explanation and a reconciliation of each non-GAAP financial measure to the most directly comparable GAAP financial measure are presented in the schedules accompanying this press release.
2 In millions except percentages and per share data or as otherwise noted.
3 Based on 56.0 million weighted-average diluted shares outstanding for FY26 Q3 and FY26 YTD.
4 Based on 55.8 million and 55.9 million weighted-average diluted shares outstanding for FY25 Q3 and FY25 YTD, respectively.

Martina McIsaac, President and Chief Executive Officer, said, "Our fiscal 3Q results that exceeded expectations provide evidence that we are fundamentally doing more with less and taking the right steps. Underpinning this improved performance was strength in the Core Customer, which continued to outperform the total company, and notable improvement in National Accounts. I am grateful for the hard work and dedication of our team members that has allowed us to advance the strategic changes being made to strengthen the business."

Greg Clark, Vice President and Interim Chief Financial Officer, added, "Average daily sales exceeded the high-end of our outlook with year-over-year improvement of 7.8% driven by benefits from price and volumes returning to growth in the quarter. We successfully capitalized on this growth by delivering 170 basis points of operating margin expansion, or 160 basis points on an adjusted basis year-over-year, above the higher end of our outlook range. This improved performance resulted in meaningful GAAP and adjusted earnings per share growth of more than 40% and 30% respectively, as well as an incremental operating margin of 32% in the quarter."

McIsaac concluded, "While we are encouraged by these results, there is further room to improve. We will continue advancing the benefits from our strategic initiatives and improving our cost structure that supported our improved performance this quarter. I am confident this progress will continue, which will be critical in the coming quarters as we begin to lap stronger benefits from price."

Fourth Quarter Fiscal 2026 Financial Outlook

ADS Growth (YoY)

6.5% - 8.5%

Adjusted Operating Margin1

10.0% - 10.8%

Full-Year Fiscal 2026 Outlook for Certain Financial Metrics Maintained

Depreciation and amortization expense of ~$100M

Interest and other expense of ~$30M2

Capital expenditures of ~$90M

Free cash flow conversion1 of ~95%

Tax rate of ~24.5%-25.5%

1 Guidance provided is a non-GAAP financial measure presented on an adjusted basis. For further details see the Non-GAAP financial measures information presented in the schedules accompanying this press release.
2 Includes $5.1M of Employee Retention Credit tax benefit recognized in the fiscal third quarter

Conference Call Information
MSC will host a conference call today at 8:30 a.m. EDT to review the Company's fiscal 2026 third quarter results. To access the earnings release, webcast, presentation slides and operational statistics, please visit the Company's website at: http://investor.mscdirect.com. Alternatively, the conference call can be accessed by dialing 1-888-506-0062 (U.S.) or 1-973-528-0011 (international) and providing the access code 895916.

An online archive of the broadcast will be available within one hour of the conclusion of the call and remain available until Wednesday, July 15, 2026. The Company's reporting date for its fiscal 2026 fourth quarter and full year results is scheduled for October 22, 2026.

Contact Information

Investors:

Media:

Ryan Mills, CFA

Leah Kelso

VP, Investor Relations & Business Development

VP, Communications & Sales Enablement

[email protected]

[email protected]

About MSC Industrial Supply Co.
MSC Industrial Supply Co. (NYSE:MSM) is a leading North American distributor of a broad range of metalworking, maintenance, repair and operations (MRO), and production fastener and hardware products and services. With approximately 2.5 million products, industry‑leading inventory management and supply chain solutions, and more than 80 years of experience, we help customers improve productivity, profitability, and operational performance.

Our team of over 7,000 associates partners closely with customers across industries to keep their operations running efficiently today while enabling them with insights and comprehensive solutions to continually rethink, retool, and optimize for a more productive tomorrow.

For more information on MSC Industrial, please visit mscdirect.com.

Cautionary Note Regarding Forward-Looking Statements
Statements in this press release may constitute "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. All statements, other than statements of present or historical fact, that address activities, events or developments that MSC expects, believes or anticipates will or may occur in the future, including statements about results of operations and financial condition, expected future results, expected benefits from our investment and strategic plans and other initiatives, and expected future growth and profitability, are forward-looking statements. The words "will," "may," "believes," "anticipates," "thinks," "expects," "estimates," "plans," "intends" and similar expressions are intended to identify forward-looking statements. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those anticipated by these forward-looking statements. In addition, statements which refer to expectations, projections or other characterizations of future events or circumstances, statements involving a discussion of strategy, plans or intentions, statements about management's assumptions, projections or predictions of future events or market outlook and any other statement other than a statement of present or historical fact are forward-looking statements. The inclusion of any statement in this press release does not constitute an admission by MSC or any other person that the events or circumstances described in such statement are material. In addition, new risks may emerge from time to time and it is not possible for management to predict such risks or to assess the impact of such risks on our business or financial results. Accordingly, future results may differ materially from historical results or from those discussed or implied by these forward-looking statements. Given these risks and uncertainties, the reader should not place undue reliance on these forward-looking statements. These risks and uncertainties include, but are not limited to, the following: general economic conditions in the markets in which we operate; changing customer and product mixes; volatility in commodity, energy and labor prices, and the impact of prolonged periods of low, high or rapid inflation; competition, including the adoption by competitors of aggressive pricing strategies or sales methods; industry consolidation and other changes in the industrial distribution sector; the applicability of laws and regulations relating to our status as a supplier to the U.S. government and public sector; the credit risk of our customers; our ability to accurately forecast customer demands; interruptions in our ability to make deliveries to customers; supply chain disruptions; our ability to attract and retain sales and customer service personnel; the risk of loss of key suppliers or contractors or key brands; changes to trade policies or trade relationships, including tariff policies; risks associated with opening or expanding our customer fulfillment centers; our ability to estimate the cost of healthcare claims incurred under our self-insurance plan; interruption of operations at our headquarters or customer fulfillment centers; products liability due to the nature of the products that we sell; impairments of goodwill and other indefinite-lived intangible assets; the impact of climate change; operating and financial restrictions imposed by the terms of our material debt instruments; our ability to access additional liquidity; the significant influence that our principal shareholders will continue to have over our decisions; our ability to execute on our E-commerce strategies and maintain our digital platforms; costs associated with maintaining our information technology ("IT") systems and complying with data privacy laws; disruptions or breaches of our IT systems or violations of data privacy laws, including such disruptions or breaches in connection with our E-commerce channels; risks related to online payment methods and other online transactions; the retention of key management personnel; litigation risk due to the nature of our business; failure to comply with environmental, health, and safety laws and regulations; and our ability to comply with, and the costs associated with, social and environmental responsibility policies. Additional information concerning these and other risks is described under "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our Annual and Quarterly Reports on Forms 10-K and 10-Q, respectively, and in the other reports and documents that we file with the United States Securities and Exchange Commission. We expressly disclaim any obligation to update any of these forward-looking statements, except to the extent required by applicable law.

MSC INDUSTRIAL DIRECT CO., INC.
Condensed Consolidated Balance Sheets
(In thousands)

May 30,
2026

August 30,
2025

ASSETS

(Unaudited)

Current Assets:

Cash and cash equivalents

$

74,094

$

56,228

Accounts receivable, net of allowance for credit losses

413,258

423,306

Inventories

684,118

644,090

Prepaid expenses and other current assets

105,280

102,930

Total current assets

1,276,750

1,226,554

Property, plant and equipment, net

343,887

346,706

Goodwill

724,075

723,702

Identifiable intangibles, net

73,819

85,455

Operating lease assets

48,148

52,464

Other assets

28,982

27,183

Total assets

$

2,495,661

$

2,462,064

LIABILITIES AND SHAREHOLDERS' EQUITY

Current Liabilities:

Current portion of debt including obligations under finance leases

$

417,219

$

316,868

Current portion of operating lease liabilities

22,500

22,236

Accounts payable

229,418

225,150

Accrued expenses and other current liabilities

155,596

165,092

Total current liabilities

824,733

729,346

Long-term debt including obligations under finance leases

89,555

168,831

Noncurrent operating lease liabilities

26,150

30,872

Deferred income taxes and tax uncertainties

135,802

136,513

Total liabilities

1,076,240

1,065,562

Commitments and Contingencies

Shareholders' Equity:

Preferred Stock

-

-

Class A Common Stock

57

57

Additional paid-in capital

1,107,522

1,093,630

Retained earnings

451,403

432,622

Accumulated other comprehensive loss

(19,528

)

(20,736

)

Class A treasury stock, at cost

(120,033

)

(117,363

)

Total MSC Industrial shareholders' equity

1,419,421

1,388,210

Noncontrolling interest

-

8,292

Total shareholders' equity

1,419,421

1,396,502

Total liabilities and shareholders' equity

$

2,495,661

$

2,462,064

MSC INDUSTRIAL DIRECT CO., INC.
Condensed Consolidated Statements of Income
(In thousands, except per share data)
(Unaudited)

Thirteen Weeks Ended

Thirty-Nine Weeks Ended

May 30,
2026

May 31,
2025

May 30,
2026

May 31,
2025

Net sales

$

1,047,083

$

971,145

$

2,930,541

$

2,791,346

Cost of goods sold

616,678

573,406

1,729,871

1,650,190

Gross profit

430,405

397,739

1,200,670

1,141,156

Operating expenses

323,660

312,324

945,570

917,465

Restructuring and other costs

-

2,680

7,324

6,430

Income from operations

106,745

82,735

247,776

217,261

Other income (expense):

Interest expense

(5,383

)

(6,031

)

(16,386

)

(18,332

)

Interest income

156

368

561

942

Other income (expense), net

2,726

(1,958

)

(4,175

)

(12,442

)

Total other expense

(2,501

)

(7,621

)

(20,000

)

(29,832

)

Income before provision for income taxes

104,244

75,114

227,776

187,429

Provision for income taxes

25,539

18,253

55,805

45,727

Net income

78,705

56,861

171,971

141,702

Less: Net (loss) income attributable to noncontrolling interest

(1,657

)

16

(2,679

)

(1,080

)

Net income attributable to MSC Industrial

$

80,362

$

56,845

$

174,650

$

142,782

Per share data attributable to MSC Industrial:

Net income per common share:

Basic

$

1.44

$

1.02

$

3.13

$

2.56

Diluted

$

1.44

$

1.02

$

3.12

$

2.55

Weighted-average shares used in computing

net income per common share:

Basic

55,838

55,694

55,817

55,795

Diluted

55,990

55,765

55,955

55,895

MSC INDUSTRIAL DIRECT CO., INC.
Condensed Consolidated Statements of Comprehensive Income
(In thousands)
(Unaudited)

Thirteen Weeks Ended

Thirty-Nine Weeks Ended

May 30,
2026

May 31,
2025

May 30,
2026

May 31,
2025

Net income, as reported

$

78,705

$

56,861

$

171,971

$

141,702

Other comprehensive income, net of tax:

Foreign currency translation adjustments

(1,172

)

6,208

1,557

(454

)

Comprehensive income

77,533

63,069

173,528

141,248

Comprehensive income attributable to noncontrolling interest:

Net loss (income)

1,657

(16

)

2,679

1,080

Foreign currency translation adjustments

82

(362

)

(349

)

(71

)

Comprehensive income attributable to MSC Industrial

$

79,272

$

62,691

$

175,858

$

142,257

MSC INDUSTRIAL DIRECT CO., INC.
Condensed Consolidated Statements of Cash Flows
(In thousands)
(Unaudited)

Thirty-Nine Weeks Ended

May 30,
2026

May 31,
2025

Cash Flows from Operating Activities:

Net income

$

171,971

$

141,702

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation and amortization

75,788

67,501

Amortization of cloud computing arrangements

964

1,439

Non-cash operating lease cost

17,691

17,563

Stock-based compensation

14,423

10,397

Loss on disposal of property

611

1,742

Property, plant and equipment asset impairment

1,890

-

Non-cash changes in fair value of estimated contingent consideration

(696

)

293

Provision for credit losses

8,054

5,699

Expenditures for cloud computing arrangements

(3,896

)

(4,430

)

Deferred income taxes and tax uncertainties

(578

)

(726

)

Changes in operating assets and liabilities:

Accounts receivable

2,959

(3,806

)

Inventories

(37,951

)

(4,761

)

Prepaid expenses and other current assets

(357

)

(2,335

)

Operating lease liabilities

(17,834

)

(17,700

)

Other assets

4

62

Accounts payable and accrued liabilities

(7,508

)

40,821

Total adjustments

53,564

111,759

Net cash provided by operating activities

225,535

253,461

Cash Flows from Investing Activities:

Expenditures for property, plant and equipment

(64,130

)

(71,109

)

Cash used in acquisitions

(240

)

(790

)

Net proceeds from sale of property

1,057

30,336

Net cash used in investing activities

(63,313

)

(41,563

)

Cash Flows from Financing Activities:

Repurchases of Class A Common Stock

(13,894

)

(39,138

)

Payments of regular cash dividends

(145,752

)

(142,252

)

Proceeds from sale of Class A Common Stock in connection with Associate Stock Purchase Plan

2,999

3,193

Borrowings under credit facilities

271,000

239,250

Payments under credit facilities

(251,000

)

(226,750

)

Purchase of noncontrolling interest

(8,195

)

-

Other, net

568

(3,901

)

Net cash used in financing activities

(144,274

)

(169,598

)

Effect of foreign exchange rate changes on cash and cash equivalents

(82

)

(196

)

Net increase in cash and cash equivalents

17,866

42,104

Cash and cash equivalents - beginning of period

56,228

29,588

Cash and cash equivalents - end of period

$

74,094

$

71,692

Supplemental Disclosure of Cash Flow Information:

Cash paid for income taxes

$

58,763

$

35,402

Cash paid for interest

$

16,448

$

18,036

Non-GAAP Financial Measures

To supplement MSC's unaudited selected financial data presented consistent with accounting principles generally accepted in the United States ("GAAP"), the Company discloses certain non-GAAP financial measures, including non-GAAP operating expenses, non-GAAP income from operations, non-GAAP operating margin, non-GAAP incremental operating margin, non-GAAP provision for income taxes, non-GAAP net income and non-GAAP diluted earnings per share, that exclude items such as share reclassification litigation costs, employee retention credit ("ERC") tax benefit, restructuring and other costs, property, plant and equipment asset impairment and loss on sale of property (prior year), and tax effects, as well as free cash flow conversion, which is a measure calculated using free cash flow, which is a non-GAAP measure.

These non-GAAP financial measures are not presented in accordance with GAAP or alternatives for GAAP financial measures and may be different from similar non-GAAP financial measures used by other companies. The presentation of this additional information is not meant to be considered in isolation or as a substitute for the most directly comparable GAAP financial measure and should only be used to evaluate MSC's results of operations in conjunction with the corresponding GAAP financial measure.

This press release also includes certain forward-looking information that is not presented in accordance with GAAP, including adjusted operating margin and free cash flow conversion. The Company believes that a quantitative reconciliation of such forward-looking information to the most directly comparable financial measures calculated and presented in accordance with GAAP cannot be made available without unreasonable efforts because a reconciliation of these non-GAAP financial measures would require the Company to predict the timing and likelihood of potential future events such as restructurings, M&A activity, capital expenditures and other infrequent or unusual gains and losses. Neither the timing or likelihood of these events, nor their probable significance, can be quantified with a reasonable degree of accuracy. Accordingly, a reconciliation of such forward-looking information to the most directly comparable GAAP financial measures is not provided.

Incremental Operating Margin and Adjusted Incremental Operating Margin

The Company defines Incremental Operating Margin as the change in year-over-year Income from Operations as a percentage of the change in year-over-year Net Sales and Adjusted Incremental Operating Margin as Incremental Operating Margin adjusted to exclude such items listed above from Income from Operations. The Company's management believes that Incremental Operating Margin is useful because it shows the direction that operating profit margins are moving as a result of changes in net sales between periods, and that, by excluding the aforementioned items, Adjusted Incremental Operating Margin helps to more clearly show, on a comparable basis between periods, trends in the Company's underlying business and results of operations. The Company believes that investors benefit from seeing results from the perspective of management in addition to seeing results presented in accordance with GAAP for the same reasons and purposes for which management uses such non-GAAP financial measures.

Free Cash Flow ("FCF") and Free Cash Flow Conversion ("FCF Conversion")

FCF is a non-GAAP financial measure. FCF is used in addition to and in conjunction with results presented in accordance with GAAP, and FCF should not be relied upon to the exclusion of GAAP financial measures. Management strongly encourages investors to review our financial statements and publicly filed reports in their entirety and to not rely on any single financial measure. FCF, which we reconcile to "Net cash provided by operating activities," is cash flow from operations reduced by "Expenditures for property, plant and equipment". We believe that FCF, although similar to cash flow from operations, is a useful additional measure since capital expenditures are a necessary component of ongoing operations. Management also views FCF, as a measure of the Company's ability to reduce debt, add to cash balances, pay dividends, and repurchase stock. FCF has limitations due to the fact that it does not represent the residual cash flow available for discretionary expenditures. For example, FCF does not incorporate payments made on finance lease obligations or required debt service payments. In addition, different companies define FCF differently. Therefore, we believe it is important to view FCF as a complement to our entire consolidated statements of cash flows. FCF Conversion is useful to investors for the foregoing reasons and as a measure of the rate at which the Company converts its net income reported in accordance with GAAP to cash inflows, which helps investors assess whether the Company is generating sufficient cash flow to provide an adequate return.

Results Excluding Share Reclassification Litigation Costs, ERC Tax Benefit, Restructuring and Other Costs, Property, Plant and Equipment Asset Impairment and Loss on Sale of Property (prior year), and tax effects.

In calculating certain non-GAAP financial measures, we exclude items such as share reclassification litigation costs, ERC tax benefit, restructuring and other costs, property, plant and equipment asset impairment and loss on sale of property (prior year), and tax effects.

Management makes these adjustments to facilitate a review of the Company's operating performance on a comparable basis between periods, for comparing with forecasts and strategic plans, for identifying and analyzing trends in the Company's underlying business and for benchmarking performance externally against competitors. We believe that investors benefit from seeing results from the perspective of management in addition to seeing results presented in accordance with GAAP for the same reasons and purposes for which management uses such non-GAAP financial measures.

MSC INDUSTRIAL DIRECT CO., INC.
Reconciliation of GAAP and Non-GAAP Financial Information
Thirteen Weeks Ended May 30, 2026
(In thousands, except percentages and per share data)

GAAP Financial Measure

Items Affecting Comparability

Non-GAAP Financial Measure

Total MSC Industrial

Share Reclassification Litigation Costs

ERC Tax Benefit

Adjusted Total MSC Industrial

Net Sales

$

1,047,083

$

-

$

-

$

1,047,083

Cost of Goods Sold

616,678

-

-

616,678

Gross Profit

430,405

-

-

430,405

Gross Margin

41.1

%

-

%

-

%

41.1

%

Operating Expenses

323,660

4,489

-

319,171

Operating Expenses as % of Sales

30.9

%

(0.4)

%

-

%

30.5

%

Income from Operations

106,745

(4,489

)

-

111,234

Operating Margin

10.2

%

0.4

%

-

%

10.6

%

Total Other Expense

(2,501

)

-

5,129

(7,630

)

Income before provision for income taxes

104,244

(4,489

)

5,129

103,604

Provision for income taxes

25,539

(1,100

)

1,256

25,383

Net income

78,705

(3,389

)

3,873

78,221

Net loss attributable to noncontrolling interest

(1,657

)

-

-

(1,657

)

Net income attributable to MSC Industrial

$

80,362

$

(3,389

)

$

3,873

$

79,878

Net income per common share:

Diluted

$

1.44

$

(0.06

)

$

0.07

$

1.43

*Individual amounts may not agree to the total due to rounding.

MSC INDUSTRIAL DIRECT CO., INC.
Reconciliation of GAAP and Non-GAAP Financial Information
Thirty-Nine Weeks Ended May 30, 2026
(In thousands, except percentages and per share data)

GAAP Financial Measure

Items Affecting Comparability

Non-GAAP Financial Measure

Total MSC Industrial

Restructuring and Other Costs

Share Reclassification Litigation Costs

ERC Tax Benefit

Property, Plant and Equipment Asset Impairment

Adjusted Total MSC Industrial

Net Sales

$

2,930,541

$

-

$

-

$

-

$

-

$

2,930,541

Cost of Goods Sold

1,729,871

-

-

-

-

1,729,871

Gross Profit

1,200,670

-

-

-

-

1,200,670

Gross Margin

41.0

%

-

%

-

%

-

%

-

%

41.0

%

Operating Expenses

945,570

-

4,540

-

1,890

939,140

Operating Expenses as % of Sales

32.3

%

-

%

(0.2)

%

-

%

(0.1)

%

32.0

%

Restructuring and Other Costs

7,324

7,324

-

-

-

-

Income from Operations

247,776

(7,324

)

(4,540

)

-

(1,890

)

261,530

Operating Margin

8.5

%

0.2

%

0.2

%

-

%

0.1

%

8.9

%

Total Other Expense

(20,000

)

-

-

5,129

-

(25,129

)

Income before provision for income taxes

227,776

(7,324

)

(4,540

)

5,129

(1,890

)

236,401

Provision for income taxes

55,805

(1,794

)

(1,113

)

1,257

(463

)

57,918

Net income

171,971

(5,530

)

(3,427

)

3,872

(1,427

)

178,483

Net loss attributable to noncontrolling interest

(2,679

)

-

-

-

-

(2,679

)

Net income attributable to MSC Industrial

$

174,650

$

(5,530

)

$

(3,427

)

$

3,872

$

(1,427

)

$

181,162

Net income per common share:

Diluted

$

3.12

$

(0.10

)

$

(0.06

)

$

0.07

$

(0.03

)

$

3.24

*Individual amounts may not agree to the total due to rounding.

MSC INDUSTRIAL DIRECT CO., INC.
Reconciliation of GAAP and Non-GAAP Financial Information
Thirteen Weeks Ended May 30, 2026 and May 31, 2025
(In thousands, except percentages and per share data)

GAAP Financial Measure

Items Affecting Comparability

Non-GAAP Financial Measure

Total MSC Industrial

Restructuring and Other Costs

Share Reclassification Litigation Costs

Loss on Sale of Property

Adjusted Total MSC Industrial

Net Sales - thirteen weeks ended May 30, 2026

$

1,047,083

-

-

-

$

1,047,083

Net Sales - thirteen weeks ended May 31, 2025

971,145

-

-

-

971,145

Income from Operations - thirteen weeks ended May 30, 2026

106,745

-

(4,489

)

-

111,234

Income from Operations - thirteen weeks ended May 31, 2025

82,735

(2,680

)

(644

)

(1,167

)

87,226

Incremental Operating Margin - thirteen weeks ended May 30, 2026

31.6

%

(3.5)

%

5.1

%

(1.5)

%

31.6

%

*Individual amounts may not agree to the total due to rounding.

MSC INDUSTRIAL DIRECT CO., INC.
Reconciliation of GAAP and Non-GAAP Financial Information
Thirty-Nine Weeks Ended May 30, 2026 and May 31, 2025
(In thousands, except percentages and per share data)

GAAP Financial Measure

Items Affecting Comparability

Non-GAAP Financial Measure

Total MSC Industrial

Restructuring and Other Costs

Share Reclassification Litigation Costs

Property, Plant and Equipment Asset Impairment

Loss on Sale of Property

Adjusted Total MSC Industrial

Net Sales - thirty-nine weeks ended May 30, 2026

$

2,930,541

-

-

-

-

$

2,930,541

Net Sales - thirty-nine weeks ended May 31, 2025

2,791,346

-

-

-

-

2,791,346

Income from Operations - thirty-nine weeks ended May 30, 2026

247,776

(7,324

)

(4,540

)

(1,890

)

-

261,530

Income from Operations - thirty-nine weeks ended May 31, 2025

217,261

(6,430

)

(644

)

-

(1,167

)

225,502

Incremental Operating Margin - thirty-nine weeks ended May 30, 2026

21.9

%

0.6

%

2.8

%

1.4

%

(0.8)

%

25.9

%

*Individual amounts may not agree to the total due to rounding.

MSC INDUSTRIAL DIRECT CO., INC.
Reconciliation of GAAP and Non-GAAP Financial Information
Thirteen Weeks Ended May 31, 2025
(In thousands, except percentages and per share data)

GAAP Financial Measure

Items Affecting Comparability

Non-GAAP Financial Measure

Total MSC Industrial

Restructuring and Other Costs

Loss on Sale of Property

Share Reclassification Litigation Costs

Adjusted Total MSC Industrial

Net Sales

$

971,145

$

-

$

-

$

-

$

971,145

Cost of Goods Sold

573,406

-

-

-

573,406

Gross Profit

397,739

-

-

-

397,739

Gross Margin

41.0

%

-

%

-

%

-

%

41.0

%

Operating Expenses

312,324

-

1,167

644

310,513

Operating Expenses as % of Sales

32.2

%

-

%

(0.1)

%

(0.1)

%

32.0

%

Restructuring and Other Costs

2,680

2,680

-

-

-

Income from Operations

82,735

(2,680

)

(1,167

)

(644

)

87,226

Operating Margin

8.5

%

0.3

%

0.1

%

0.1

%

9.0

%

Total Other Expense

(7,621

)

-

-

-

(7,621

)

Income before provision for income taxes

75,114

(2,680

)

(1,167

)

(644

)

79,605

Provision for income taxes

18,253

(651

)

(284

)

(156

)

19,344

Net income

56,861

(2,029

)

(883

)

(488

)

60,261

Net income attributable to noncontrolling interest

16

-

-

-

16

Net income attributable to MSC Industrial

$

56,845

$

(2,029

)

$

(883

)

$

(488

)

$

60,245

Net income per common share:

Diluted

$

1.02

$

(0.04

)

$

(0.02

)

$

(0.01

)

$

1.08

*Individual amounts may not agree to the total due to rounding.

MSC INDUSTRIAL DIRECT CO., INC.
Reconciliation of GAAP and Non-GAAP Financial Information
Thirty-Nine Weeks Ended May 31, 2025
(In thousands, except percentages and per share data)

GAAP Financial Measure

Items Affecting Comparability

Non-GAAP Financial Measure

Total MSC Industrial

Restructuring and Other Costs

Loss on Sale of Property

Share Reclassification Litigation Costs

Adjusted Total MSC Industrial

Net Sales

$

2,791,346

$

-

$

-

$

-

$

2,791,346

Cost of Goods Sold

1,650,190

-

-

-

1,650,190

Gross Profit

1,141,156

-

-

-

1,141,156

Gross Margin

40.9

%

-

%

-

%

-

%

40.9

%

Operating Expenses

917,465

-

1,167

644

915,654

Operating Expenses as % of Sales

32.9

%

-

%

0.0

%

0.0

%

32.8

%

Restructuring and Other Costs

6,430

6,430

-

-

-

Income from Operations

217,261

(6,430

)

(1,167

)

(644

)

225,502

Operating Margin

7.8

%

0.2

%

0.0

%

0.0

%

8.1

%

Total Other Expense

(29,832

)

-

-

-

(29,832

)

Income before provision for income taxes

187,429

(6,430

)

(1,167

)

(644

)

195,670

Provision for income taxes

45,727

(1,574

)

(285

)

(157

)

47,743

Net income

141,702

(4,856

)

(882

)

(487

)

147,927

Net loss attributable to noncontrolling interest

(1,080

)

-

-

-

(1,080

)

Net income attributable to MSC Industrial

$

142,782

$

(4,856

)

$

(882

)

$

(487

)

$

149,007

Net income per common share:

Diluted

$

2.55

$

(0.09

)

$

(0.02

)

$

(0.01

)

$

2.67

*Individual amounts may not agree to the total due to rounding.

SOURCE: MSC Industrial Direct Co.

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NEW YORK, July 01, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into The Simply Good Foods Company (NASDAQ:SMPL) for potential securities fraud after its significant stock drop.

If you invested in Simply Good Foods, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/simply-good-foods-class-action-lawsuit.

Key Details of the Simply Good Foods ($SMPL) Class Action Investigation:

Investigation Overview: Securities fraud related to Simply Good Foods’ protein product distribution expansion, product quality, and execution issues.Stock Decline: April 9, 2026 – 18.11% Stock DropAction: Contact BFA Law to discuss your rights
Why is Simply Good Foods Being Investigated for Securities Fraud?

Simply Good Foods is a consumer packaged food and beverage company. The company’s products primarily consist of protein bars and ready-to-drink (“RTD”) protein shakes under the Quest and OWYN brand names. 

BFA is investigating whether Simply Good Foods made false and misleading statements to investors regarding the purported success of its initiative to expand distribution of its Quest and OWYN-branded protein products.

Why did Simply Good Foods’ Stock Drop?

On April 9, 2026, Simply Good Foods released its fiscal Q2 2026 financial results. The company announced net sales of $326 million, a 9.4% decline year-over-year, and cut 2026 guidance to a range of - 10% to - 7% year-over-year. During the corresponding earnings call, Simply Good Foods’ CEO stated that the company’s significant expansion of OWYN products experienced “a combination of a product quality issue . . . that impacted taste, texture and consumer acceptance and poor marketing execution [that] negatively impacted performance during the critical expansion window.” Simply Good Foods also revealed a $249 million impairment charge “largely the result of a challenging fiscal year 2026 and updated projections of future revenue.”

This news caused the price of Simply Good Foods stock to drop $2.61 per share, or more than 18%, from a closing price of $14.41 per share on April 8, 2026, to $11.80 per share on April 9, 2026.

Click here for more information: https://www.bfalaw.com/cases/simply-good-foods-class-action-lawsuit.

What Can You Do?

If you invested in Simply Good Foods, you may have legal options and are encouraged to submit your information to the firm.

All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.

Submit your information by visiting:

https://www.bfalaw.com/cases/simply-good-foods-class-action-lawsuit

Or contact:

Adam McCall
[email protected]
212.789.3619

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BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “SuperLawyers” by Thomson Reuters.

Most recently, The Legal 500 awarded BFA the most client satisfaction accolades of any plaintiff’s securities litigation law firm, with clients noting: “[t]here is no better service provider in the practice area,” “[t]he interest of the client is always front and center,” and “[t]here isn’t a better firm in this space.” One testimonial described the firm as “nimble and entrepreneurial,” with a “relentless focus on adding value for clients.” 

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