The Tip Desk

July 2026

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UK Mid-Year 2026 Filing Synthesis: Capital Allocation and Operational Momentum

Major issuers demonstrate a strong preference for shareholder returns via buybacks and dividends, while industrial and mining sectors leverage commodity strength and defense demand to raise guidance.
Filing Trends · July 31, 2026

Pearson Plc Reports 14% Underlying Growth in Adjusted Operating Profit for H1 2026

The lifelong learning company reiterates its full-year 2026 guidance following strong performance in Virtual Learning and Enterprise segments.
Earnings · July 31, 2026

Melrose Industries Reports H1 2026 Adjusted Operating Profit Growth

The aerospace and defence group saw adjusted operating profit rise 16% to £347 million, though a chemical tank incident at its Garden Grove site impacted results.
Earnings · July 31, 2026

Intertek Group Plc Reports Strong H1 2026 Growth and Adjusted Profit Increase

The company reports a 5.9% increase in revenue and a 12.1% rise in adjusted operating profit, while reiterating a mid-single digit LFL revenue growth outlook for the full year.
Earnings · July 31, 2026

Barclays Capital Securities Ltd Discloses Positions in Schroders Plc

The exempt principal trader reported multiple dealings and holdings in 20p ordinary shares of the company through July 2026.
Deals · July 31, 2026

Isotope Bidco Limited Linked to Intertek Group Plc Offer

Barclays Capital Securities Ltd discloses positions and dealings in Intertek Group Plc securities.
Deals · July 31, 2026

Western Union Slashes Full-Year Profit Outlook as Costs Climb

Western Union posted a 31% drop in operating income to $132.1 million as guidance for full-year adjusted earnings per share was cut to $1.25 to $1.35 from $1.75 to $1.85.
Earnings · July 31, 2026

Vericel Raises Revenue Guidance Again, Adds First Buyback

Vericel swung to a $2.2 million profit and lifted its full-year revenue outlook to $330-$340 million even as quarterly growth cooled to 22%.
Earnings · July 31, 2026

Universal Logistics' GAAP Profit Jump Masks Weaker Core Earnings

Universal Logistics Holdings (ULH) reported second-quarter earnings per share of $0.99, but adjusted EPS excluding a one-time property gain was just $0.16, down from $0.32 a year earlier.
Earnings · July 31, 2026

SunCoke Raises Full-Year Outlook as Industrial Services Hits Record

SunCoke Energy posted a sequential swing to $15.6 million in net income and lifted its full-year Adjusted EBITDA guidance for the second straight quarter.
Earnings · July 31, 2026

Provident Financial's NIM Widens as Reserve Cushion Thins

Provident Financial Services (PFS) posted record net interest income of $202.7 million as its net interest margin expanded 8 bps to 3.48%, even as reserve coverage of non-performing loans fell to 134.87% from 235.61% at year-end.
Earnings · July 31, 2026

Pioneer Bancorp's NIM Widens as Acquisitions Crush Efficiency, Capital

Net interest income at Pioneer Bancorp (PBFS) climbed 16.5% to $22.9 million in the second quarter, but four acquisitions closed in the period pushed the efficiency ratio to 78.33% and roughly halved return on equity.
Earnings · July 31, 2026

Olin Swings Toward Breakeven as Merger Costs and Plant Outage Bite

Olin posted a $13.3 million net loss in the second quarter as an unplanned Freeport plant shutdown cut adjusted EBITDA by $40 million.
Earnings · July 31, 2026

NMI Holdings Posts Third Straight Earnings Gain as NIW Jumps 31%

NMI Holdings reported net income of $105.8 million, or $1.38 a share, as new insurance written surged 31% from the prior quarter to $16.1 billion.
Earnings · July 31, 2026

Moderna narrows quarterly loss as operating expenses decline

The biotechnology company reported a net loss of $0.8 billion for the second quarter, an improvement of $43 million over the prior year.
Earnings · July 31, 2026

Merit Medical Raises Full-Year Guidance as Growth Accelerates

Merit Medical Systems posted second-quarter revenue of $418.8 million, up 10% year over year, and raised its full-year revenue and profit guidance.
Earnings · July 31, 2026

ICE to Acquire MarketAxess for $6 Billion in Cash

Intercontinental Exchange agreed to buy MarketAxess Holdings (MKTX) for $167 a share in cash, a 33% premium, capping a stretch in which the bond-trading platform posted record first-quarter revenue of $233.4 million.
Earnings · July 31, 2026

LyondellBasell Swings to Profit as Olefins Margins Surge

LyondellBasell posted second-quarter net income of $559 million, reversing a first-quarter profit of just $125 million as tighter global supply lifted olefins and polyolefins margins.
Earnings · July 31, 2026

Alliant Earnings Fall as Utility Costs Weigh

The utility raised its load-growth outlook to 60% by 2031 as three data centers advanced construction.
Earnings · July 31, 2026

Lear's Margins Widen as E-Systems Rebound Drives Earnings Growth

Lear posted second-quarter net income of $192.8 million, up 17% from a year earlier, as its electronics segment margin nearly doubled and the company raised its full-year guidance.
Earnings · July 31, 2026

IES Holdings Revenue Growth Doubles as Backlog Nears Doubling

IES Holdings posted 40% revenue growth in its fiscal third quarter, more than double the pace of the prior two periods, as backlog swelled to $4.5 billion.
Earnings · July 31, 2026

Healthcare Realty Raises FFO Guidance as Same-Store Growth Slows

Healthcare Realty Trust lifted its 2026 normalized FFO guidance to a $1.64-a-share midpoint even as quarterly same-store cash NOI growth decelerated to 5.1% from 6.9% in the prior quarter.
Earnings · July 31, 2026

GLPI Lifts AFFO Guidance as Revenue Growth Accelerates to 9%

Gaming and Leisure Properties raised its full-year AFFO outlook after quarterly revenue growth accelerated to 9.0%, the fastest pace in three quarters.
Earnings · July 31, 2026

Greif Profit More Than Doubles as Margins Widen, Debt Shrinks

Greif posted a 156.7% jump in net income to $78.8 million as gross margin expanded 650 basis points and leverage fell to 1.1x from 3.1x a year earlier.
Earnings · July 31, 2026

Eaton Raises Outlook as Second-Quarter Sales Climb 21%

Organic growth reached 14% as demand strengthened across Eaton’s electrical businesses.
Earnings · July 31, 2026

Dexcom Raises Full-Year Margin Guidance as Growth Cools

Dexcom posted 13% revenue growth to $1.308 billion in the second quarter, a step down from 15% in the first quarter, even as profitability guidance moved higher for a second straight period.
Earnings · July 31, 2026

Leonardo DRS Lifts Guidance Again as Margins, Bookings Accelerate

The defense electronics maker posted 10% revenue growth and a 59% jump in net earnings, prompting its second consecutive full-year guidance increase.
Earnings · July 31, 2026

Dominion Holds 2026 Guidance as Impairments Cut GAAP Profit

Dominion Energy (D) reported operating earnings of $0.79 a share for the second quarter, even as $704 million in nonregulated asset impairments pulled GAAP net income to $0.37 a share.
Earnings · July 31, 2026

Chevron Earnings Climb to $12.1 Billion on Production Growth

The energy giant reported a quarterly profit of $12.1 billion, up from $2.49 billion a year earlier.
Earnings · July 31, 2026

Cavco Profit Falls Even as Revenue and Backlog Climb

Cavco Industries closed its first quarter of fiscal 2027 with a backlog of $298 million, up more than 50% from three months earlier, even as per-share profit fell for the second time in three quarters.
Earnings · July 31, 2026

Cousins Properties Lifts FFO and Raises Full-Year Guidance

The Atlanta office landlord posted funds from operations of $0.75 a share in the second quarter, up from $0.70 a year earlier, as leasing pushed occupancy to its highest level since early 2020.
Earnings · July 31, 2026

Columbia's Profit Swing Rides One-Time Tariff Refund, Not Demand

Columbia Sportswear swung to $0.52 in diluted earnings per share in the second quarter, but a $78 million IEEPA tariff refund accounted for $0.93 of that figure, implying underlying results were negative.
Earnings · July 31, 2026

CNO Financial Lifts Guidance as Operating EPS Surges 45%

CNO Financial Group posted second-quarter operating earnings of $1.26 a share, up 45% from a year earlier, and raised its full-year outlook for the first time this year.
Earnings · July 31, 2026

BrightSpring Raises Outlook as Earnings Growth Outpaces Sales

Revenue reached $3.873 billion as BrightSpring lifted its full-year sales forecast.
Earnings · July 31, 2026

Balchem's Sales Growth Hits Three-Quarter High, Nutrition Margins Widen

Balchem posted 11.2% net sales growth in the second quarter, its fastest pace in three quarters, as its Animal Nutrition and Health segment's operating earnings jumped 48.7%.
Earnings · July 31, 2026

Axos Loan Growth Slows, Deposits Jump on Jenius Deal, Credit Costs Ease

Net interest income rose 13.5% to $317.9 million at Axos Financial (AX) even as loan growth decelerated for a third straight quarter and CET1 slipped to 11.76%.
Earnings · July 31, 2026

Ares Fee Earnings Jump 20% as AUM Hits Record $671 Billion

Fee Related Earnings at Ares Management (ARES) climbed 20% to $491.1 million in the second quarter, even as management-fee growth cooled to 14% from the 25% pace set earlier in the year.
Earnings · July 31, 2026

Agree Realty Lifts Investment Guidance as Growth Rates Ease

Agree Realty raised its 2026 acquisition target to as much as $1.8 billion after a record $502 million quarter, even as per-share earnings growth slowed.
Earnings · July 31, 2026

AbbVie Lowers Annual Guidance Following Apogee Therapeutics Acquisition

The biopharmaceutical company reported second-quarter net revenues of $16.990 billion, a 10.2% increase from a year ago.
Earnings · July 31, 2026

Everus to Buy Epsilon Industries in $295 Million Cash Deal

The acquisition pushes Everus deeper into off-site modular construction and opens priority markets in Florida, Texas, the Mid-Atlantic and the Northeast.
Deals · July 31, 2026

Deluxe Completes Celero Commerce Acquisition in $625 Million All-Cash Deal

The acquisition expanded Deluxe’s payments platform toward top-10 status among non-bank merchant acquirers.
Deals · July 31, 2026

TELUS Resets Dividend to Support Deleveraging After Net Loss

The communications technology company reduced its annualized dividend by 55% to $0.75 per share to generate $2.7 billion in cash savings through 2028.
Earnings · July 31, 2026

TELUS reports operating cash flow growth for second quarter

Cash provided by operating activities rose $176 million in the second quarter of 2026 compared to the same period last year
Earnings · July 31, 2026

TransAlta Reports Second Quarter Net Earnings of 52 Million

The company reported net earnings attributable to common shareholders of 35 million, or 0.12 a share, for the quarter ended June 30, 2026
Earnings · July 31, 2026

TransAlta reports 302 million Canadian dollars in cash equivalents

The power generator ended the period with 302 million Canadian dollars in cash and cash equivalents
Earnings · July 31, 2026

Pembina Pipeline Sanctions $3 Billion in New Growth Projects

The energy infrastructure provider reported second quarter revenue of 2,152 million Canadian dollars.
Earnings · July 31, 2026

GFL Environmental Reports Net Loss of 375.5 Million Canadian Dollars

The non-hazardous solid waste management provider saw six-month revenue rise to 3,591.6 million Canadian dollars.
Earnings · July 31, 2026

Fortis Inc. Reports Second Quarter Net Earnings of $396 Million

The regulated utility operator saw second quarter revenue rise to $2.93 billion from $2.82 billion a year earlier
Earnings · July 31, 2026

Cameco Net Earnings Fall to 25.2 Million Canadian Dollars

The uranium provider reported a second-quarter net earnings of 25.2 million Canadian dollars compared to 320.9 million Canadian dollars in the prior-year period
Earnings · July 31, 2026

Ballard Power Systems Reduces Operating Loss as Revenues Rise

The fuel cell product maker reported a net loss of $31.7 million for the six months ended June 30, 2026, compared to $45.3 million in the prior-year period.
Earnings · July 31, 2026