July 2026 — page 2
Ballard Power Systems Agrees to Acquire GeoPura for £275 Million
The fuel cell provider reported second quarter revenue of $21 million, a 15% increase year-over-year.
Segro Reports H1 2026 Profit Growth Amid Acquisition Proposal
Adjusted pre-tax profit rose 6.3% to £268 million, while the board indicates it would be minded to recommend a fourth acquisition proposal from Prologis.
Schroders Declares Interim Dividend Following Half-Year Results
The company also moves forward with a recommended cash acquisition by Nuveen subsidiary Pantheon, LLC.
Rentokil Initial Reports H1 2026 Growth and Debt Reduction
The company saw revenue rise to $3.589 billion and reduced its net debt to EBITDA ratio to 2.4x, while maintaining its full-year profit outlook despite recent weakness in North American residential leads.
Rolls-Royce Raises 2026 Guidance Following Strong Half-Year Performance
Underlying operating profit rose 46% to £2.5bn in the first half of 2026, driven by strategic transformation and growth across all divisions.
London Stock Exchange Group Reports Record First Half Performance
LSEG raises full-year guidance and completes £2.1 billion in share buybacks following strong growth across all business segments.
Informa Plc Reaffirms 2026 Guidance Following Strong H1 Underlying Growth
The group increased its 2026 share buyback programme to £350m and reported a return to statutory profitability.
British American Tobacco Reports H1 2026 Results with New Categories Growth
Revenue rose 1.4% to £12.2 billion as smokeless products increased their share of group revenue to 19.8%.
BAE Systems Upgrades Full Year Guidance Following Strong Half-Year Performance
The defense contractor reported a record £84.0bn order backlog and a 13% increase in underlying EPS for the period ending June 30, 2026.
Anglo American Reports Higher Underlying EBITDA and Free Cash Flow for First Half 2026
The company increased its interim dividend to $0.23 per share while advancing the sale of De Beers and Steelmaking Coal.
Santander, SocGen Both Lean on Disposals to Move the Numbers
Portfolio sales, not underlying business performance, drove the one-off capital and cost moves at both reporting global systemic banks this quarter.
CMS Updates Medicare Prior Authorization and Encounter Lists
The Centers for Medicare & Medicaid Services is updating HCPCS codes for items requiring prior authorization and face-to-face encounters.
Yum Revenue Rises 12% as Taco Bell Offsets Pizza Hut
The restaurant operator opened 1,053 locations as worldwide unit count increased 5%.
XPO's LTL Ratio Hits Record as Profit Growth Accelerates
XPO posted a record 79.9% operating ratio in North American LTL as adjusted earnings per share jumped 61.9% to $1.70.
Xcel Profit Climbs as Energy Costs Fall
Operating margin widened to about 22.6% even as quarterly revenue declined.
Waystar Raises Guidance Even as Growth Engines Cool
Waystar posted 18% revenue growth to $319.7 million and raised its full-year outlook, even as volume-based revenue growth slowed to just 3% and net revenue retention fell to 108%.
Ventas Lifts 2026 Guidance as Senior Housing Investment Pace Doubles
Ventas raised its full-year investment target to $4.5 billion, a $1.5 billion increase that marks the largest single guidance raise in a string of upward revisions this year.
Sensata Posts Third Straight Quarter of Accelerating Growth
Sensata Technologies Holding reported second-quarter revenue of $990.6 million, up 5.0% year over year and marking the fastest organic growth pace in a year of sequential acceleration.
Sturm Ruger Swings to Profit as Sales Jump 19%
Sturm Ruger & Company (RGR) reported second-quarter net sales of $158.1 million, up 19% from a year earlier, as diluted earnings per share of $0.43 reversed a $1.05 per-share loss in the prior-year quarter.
Regeneron reports second-quarter revenue growth to $4.3 billion
The biotechnology company lowered its full-year GAAP gross margin guidance to a range of 77%–78% following a production interruption in Ireland.
Patterson-UTI Snaps Six-Quarter Slide as Pricing Turns Higher
Patterson-UTI Energy swung to a broad-based sequential rebound, with revenue climbing 10% to $1.2 billion and its rig count exit rate jumping to 96 from a 92 average.
PennyMac Mortgage Trust Pivots Away From Agency MSRs Toward Credit
PennyMac Mortgage Investment Trust posted $20 million in net income for the second quarter as it agreed to sell $13 billion in mortgage-servicing-rights UPB and redirect capital into non-Agency credit investments.
Penske Revenue Growth Accelerates as Margins Keep Slipping
Penske Automotive Group delivered its strongest same-store sales growth in a year even as operating income fell 7.6% and a take-private approach from its own founder surfaced for the first time.
NorthWestern Energy Profit Growth Returns as Merger Nears Finish Line
NorthWestern Energy Group posted second-quarter adjusted earnings of $0.50 a share, up from $0.40 a year earlier, as its pending merger cleared every regulatory hurdle but Montana.
Neogen Posts Fastest Core Growth of Fiscal Year, Guides Higher
Neogen (NEOG) closed fiscal 2026 with core revenue growth of 4.3% in the fourth quarter, its strongest quarterly pace of the year, as gross margin widened to 47.8% from 41.2%.
Altria Narrows EPS Guidance Up as Growth Slows, Buybacks Ease
Altria Group's adjusted profit growth cooled to 2.8% in the quarter even as the tobacco giant raised the floor on its full-year earnings forecast.
Mohawk Profit Jumps on Tariff Refunds as Margins Recover
Mohawk Industries posted adjusted earnings of $3.67 a share in the second quarter, up 32% from a year earlier and boosted by a $0.63 tariff-refund benefit.
McGrath RentCorp Profit Slips as Sales Deals Slide to Later Quarters
McGrath RentCorp reported second-quarter net income of $33.7 million, down from $36.0 million a year earlier, as a 34% drop in sales revenue offset gains in its rental business.
Madrigal's Rezdiffra Growth Slows Even as Losses Widen
Madrigal Pharmaceuticals reported second-quarter Rezdiffra sales of $364.3 million, up 71% from a year earlier, but that growth rate marked the third straight quarterly deceleration even as net losses widened.
Marcus Swings to Profit as Theatres and Hotels Both Accelerate
Marcus (MCS) posted second-quarter revenue of $231.7 million, up 12.5% from a year earlier, as both its theatre and hotel divisions returned to growth after a soft first quarter.
Laureate Education Raises Full-Year Guidance as Peru Growth Offsets Mexico Margin Strain
Laureate Education's second-quarter revenue rose 17% to $615.9 million, prompting the for-profit university operator to raise its full-year outlook for the second straight quarter.
KKR's Fee Related Earnings Jump 37% as Fundraising Hits Record $34 Billion
KKR (KKR) grew fee related earnings 37% year over year to $1.2 billion in the second quarter as new capital raised hit a record $34 billion and assets under management climbed to $796 billion.
KBR Revenue Growth Returns as Spin-Off Cash Costs Mount
KBR posted revenue up 2% to $2.0 billion, its first quarterly growth in three quarters, even as operating cash flow fell 77% and new spin-off charges pressured margins.
Ingersoll Rand Reaccelerates Growth as Margins Keep Slipping
Ingersoll Rand posted 9% revenue growth in the second quarter even as adjusted EBITDA margin held at 25.4%, down roughly 250 basis points from a year of steady compression.
International Paper Swings to Loss as EBITDA Slides for Third Quarter
International Paper posted a $12 million loss from continuing operations in the second quarter as adjusted EBITDA fell for a third straight period to $587 million.
Hexcel Margins Widen as Aerospace Rebound Broadens
Hexcel posted 8.0% sales growth and raised its full-year profit outlook as commercial aerospane demand overtook lingering destocking.
Henry Schein Executive Exodus Widens Beyond CEO Succession
Henry Schein said its chief operating officer and two other senior executives will step down October 30, 2026, extending a leadership overhaul that began with Chairman Stanley Bergman's board retirement.
Hippo Holdings Raises Full-Year Guidance as Growth Accelerates
Hippo Holdings posted 61.5% growth in gross written premium to $482 million, its fastest pace in at least a year, and raised its full-year outlook across every major metric.
Green Brick Orders Jump 19% as Home Prices Keep Sliding
Green Brick Partners posted a 19% jump in net new home orders even as revenue fell 9.9% to $481.6 million on lower prices.
Exelon Beats on EPS as ComEd Rebounds, PECO and PHI Soften
Exelon posted adjusted operating earnings of $0.43 a share in the second quarter, up from $0.39 a year earlier, as gains at ComEd and BGE offset declines at PECO and PHI.
Essex Property Trust Absorbs Legal Charges as Core FFO Edges Up
Essex Property Trust (ESS) posted diluted net income of $0.97 a share in the second quarter, down 71.8% from $3.44 a year earlier after $55.8 million in legal settlement charges.
Enterprise Products Posts Record Profit, Raises Spending Plan
Second-quarter revenue rose 61% to $18.27 billion as pipeline and marine-terminal volumes reached records.
Donnelley Financial Grows Software Sales as Print Slides
Donnelley Financial Solutions posted a third straight quarter of net sales growth as software revenue hit a record $99.4 million, even as print and distribution sales fell 15%.
Comstock Resources Sells Pinnacle Stake as Gas Prices Slide
Comstock Resources reported adjusted net income of $8.3 million, an 81% sequential drop, as realized gas prices fell to $2.93/Mcfe.
Columbus McKinnon Raises Guidance Weeks After Reaffirming It
Net sales more than doubled to $531.5 million as the Kito Crosby acquisition reshaped the industrial-equipment maker's scale, prompting Columbus McKinnon to raise fiscal 2027 guidance just weeks after holding it steady.
Churchill Downs Posts Record Revenue as Growth Cools
Churchill Downs (CHDN) reported record net revenue of $980 million for the second quarter, up 5% from a year earlier as growth decelerated from the double-digit pace seen in late 2025.
Blackstone Mortgage Trust Posts Loss as Reserves Nearly Triple
Blackstone Mortgage Trust swung to an $81.2 million net loss in the second quarter as credit-loss provisions tripled from a year earlier.
Boot Barn Profit Jumps on Tariff Refunds as Growth Cools
Boot Barn Holdings posted a 32% jump in diluted earnings to $2.29 a share, but same-store sales growth slowed to 4.7% and July trends turned flat, prompting cautious full-year guidance.
Air Products Raises Annual Forecast Despite Project Exit Charges
The industrial gas maker raised its full-year adjusted earnings per share guidance to a range of $13.39 to $13.49
A. O. Smith Cuts Profit Guidance as China Sales Collapse
The water-heater maker's adjusted earnings guidance midpoint fell for the second straight quarter after China local-currency sales dropped 28%.