Industries — page 13
Vita Coco Buys Copra in $175 Million Mixed-Consideration Deal
The acquisition added coconut-water capacity and tied further payments to Copra’s 2028 financial performance.
American Industrial Partners to Buy Avanos in $1.27 Billion Cash Deal
The transaction would give Avanos greater flexibility and resources to expand its medical-device business as a private company.
A Data-Infrastructure IPO Prices Above Range, Then Trades Through It
The first sizeable software listing of the half priced at $31 and closed its first session well above, reopening a shut window.
Valmont Raises Outlook as Infrastructure Growth Accelerates
Second-quarter net sales reached $1.119 billion, up 6.5% from a year earlier.
Synchrony Profit Falls 8% as Credit Quality Improves, Growth Returns
Synchrony Financial reported second-quarter net earnings of $885 million, down 8% from a year earlier, even as purchase volume hit an all-time high of $49.8 billion.
Steel Dynamics Profit Jumps 79% as Spreads Widen
Steel Dynamics posted second-quarter net income of $534 million, or $3.69 a diluted share, beating its own guidance even after a new $16 million impairment charge.
Peoples Bancorp Margin Widens Third Straight Quarter as Credit Costs Ease
Net interest margin at Peoples Bancorp (PEBO) expanded to 4.23% and provision expense fell to $4.7 million, even as a bond-portfolio restructuring tied to its pending Citizens merger dented per-share earnings by 18 cents.
NeoGenomics revenue rises 11% as NGS growth slows
The oncology diagnostics company reported fourth-quarter revenue of $190 million.
MSCI Raises Cash-Flow Outlook as Subscription Growth Accelerates
The index and analytics provider posted second-quarter revenue of $867.0 million.
Marsh & McLennan Underlying Revenue Growth Accelerates
The professional services firm reported adjusted earnings per share of $9.02, a 9% increase from the prior year.
KeyCorp Lifts Interest Income as Margin Gains Slow
Taxable-equivalent net interest income rose 2.3% sequentially to $1.258 billion.
Hasbro Raises Full-Year Outlook as Digital Gaming Gains Accelerate
The toy and game maker raised its full-year revenue guidance to a range of 5% to 7% in constant currency.
Equifax Revenue Growth Accelerates Despite Legal Charge on Net Income
Equifax posted revenue of $1.700 billion in the second quarter, up 11% from a year earlier, even as a new legal settlement charge pulled net income down 4%.
Danaher Raises Profit Outlook as Core Growth Accelerates
The company lifted its full-year adjusted earnings forecast to $8.45 to $8.60 a share.
Bridgewater Bancshares Margin Widens as Credit Quality Softens
Bridgewater Bancshares posted net interest margin expansion for a third straight quarter even as nonperforming assets nearly doubled to $21.6 million.
Ally's Margin Widens as Auto Mix Shifts Toward Safer, Lower-Yield Loans
Net interest margin excluding core OID expanded 11 basis points to 3.63% in the second quarter as Ally Financial (ALLY) leaned harder into higher-credit-tier auto originations even as retail deposits shrank $2.6 billion.
Santander's Webster Acquisition Clears ECB, Awaits Fed Sign-Off
Banco Santander's cash-and-stock purchase of Webster Financial has cleared shareholder, OCC and ECB approval, leaving only the Federal Reserve between the deal and a second-half 2026 close.
Mavis Tire Express to Buy Pep Boys in $700 Million Cash Deal
The acquisition expands Mavis's retail footprint across the Western United States and grows its network to more than 4,400 service centers.
First Financial to Buy Finward in All-Stock Deal
The transaction would extend First Financial’s reach across northwest Indiana and Chicago through a 24-location, low-cost deposit franchise.
CMA CGM Group to Buy FedEx Supply Chain in $1.4 Billion Deal
The divestiture is part of a strategic portfolio streamlining effort by FedEx as it reshapes its global logistics footprint.
EQT Completes $77 Million Acquisition of Blackline Midstream
The all-cash asset deal gives EQT (EQT) new propane infrastructure to sharpen flow assurance and open international supply channels as it deepens its vertical-integration push.
Equifax to Buy Círculo de Crédito in $750 Million Mexico Deal
Equifax is adding Mexico's fastest-growing credit bureau in a bolt-on that fits the company's stated formula of accretive acquisitions paired with continued shareholder returns.
Baxter Recalls Hillrom Volara Patient Circuits
Baxter International recalled the Hillrom Volara P.Circuit 5Kit due to reports of air and medication leakage from the nebulizer cup.
Baxter Recalls Hillrom Volara Patient Circuit
Baxter recalled a Hillrom Volara patient circuit after reports of air and medication leakage from the nebulizer cup during therapy.
Baxter Recalls Hillrom Volara Circuit Kits in Class I Action
Baxter International recalled Hillrom Volara System patient circuit kits after the FDA said a nebulizer cup could leak air and medication during therapy, designating the action Class I.
Baxter Recalls Hillrom VOLARA Circuit Kit
Baxter recalled a Hillrom VOLARA patient circuit kit after reports of air and medication leakage from the nebulizer cup during therapy.
Zions' Margin Holds at 3.27% as Credit Costs Collapse and Buybacks Resume
Zions Bancorporation (ZION) grew net interest income 4% YoY to $677 million in the second quarter as loan growth accelerated to an 8% annualized pace and the CET1 ratio climbed to an estimated 11.8%.
W. R. Berkley Premium Growth Accelerates as Underwriting Improves
The insurer’s combined ratio improved to 90.0% as catastrophe losses declined.
TXNM Energy Pushes Merger Deadline to 2027 Amid Regulatory Pause
TXNM Energy extended its merger termination date to May 31, 2027, and disclosed a new $400 million term loan to unwind a voided 2025 stock transaction that has stalled New Mexico regulators' review.
Royal Caribbean Lowers Annual Profit Guidance Despite Revenue Growth
The cruise operator reported first-quarter revenue of $4.5 billion, an 11% increase from the prior year.
LXP Agrees to $5.2 Billion Brookfield Takeover
Shareholders would receive $61.20 a share in cash under the proposed acquisition.
Domino's Pizza reports slowing global retail sales growth
Global retail sales growth, excluding foreign currency impact, decelerated to 3.0% in the second quarter.
Crown Holdings Raises Full-Year Profit Outlook on Beverage Can Demand
Crown Holdings posted second-quarter adjusted earnings of $2.49 a share, up 16% from a year earlier, and raised its full-year guidance for the second time in 2026.
Bok Financial Net Income Rises to $176.5 Million
The regional bank reported a net income of $176.5 million for the second quarter of 2026.
AdaptHealth Sells Diabetes Unit to Cardinal Health for $235 Million
AdaptHealth (AHCO) agreed to sell its Diabetes Health segment to Cardinal Health for $235 million in cash, narrowing its business to three segments after a year in which Adjusted EBITDA fell 10.5%.
Zurn Elkay Water Solutions to Acquire Intellihot
The acquisition marks Zurn Elkay's initial expansion into the commercial tankless water heating market to provide integrated building solutions.
Blackstone Extends $11.5 Billion TXNM Energy Cash Deal
The extension gave the companies more time to secure New Mexico approval for a utility acquisition aimed at funding grid growth and clean-energy investment.
Tempus AI to Buy Personalis in $1.5 Billion Mixed Deal
The acquisition would bring Personalis’ residual-disease testing into Tempus’ AI-enabled precision-oncology platform.
Tempus AI to Buy Personalis in $1.5 Billion Mixed Deal
The acquisition would fold Personalis’ residual-disease tests into Tempus’ AI-enabled precision-oncology platform.
Magnolia Oil & Gas to Buy WildFire Energy in $4.06 Billion Deal
The deal more than doubles Magnolia's Giddings footprint and knits together a contiguous Eagle Ford and Austin Chalk position in South Texas, all while staying immediately accretive to per-share metrics.
Brookfield, CPP Investments to Buy LXP in $5.2 Billion Cash Deal
The buyers targeted a nationwide logistics portfolio with durable leases and opportunities for active asset management.
Cracker Barrel to Sell Maple Street Biscuit Company Assets to Biscuit Belly
The divestiture is intended to sharpen the company's focus on its core brand and improve overall profitability.
Cardinal Health to Buy AdaptHealth's Diabetes Unit for $235 Million
The all-cash asset deal lets AdaptHealth shed its diabetes device business to sharpen its focus on sleep and respiratory care in the home.
Enbridge Pursues Aggressive Rate Adjustments Across Northeast Gas Portfolio
The company filed significant Section 4 rate cases for its Algonquin and Maritimes subsidiaries while securing a settlement for Texas Eastern.
Enbridge halts Sandpiper Project amid regulatory hurdles in 2024 review
The pipeline operator maintained a 10% after-tax return on equity for its Southern Lights assets while streamlining affiliate service costs.
American Electric Power streamlines Texas generation as capex rises
The holding company completed its exit from the Texas generation business while expanding capital liabilities across its Ohio and Texas subsidiaries.
WaFd Holds Margin as Credit Provision Climbs
Net interest income rose 2% QoQ to $181.3 million as funding costs eased.
Travelers Profit Climbs as Catastrophe Losses Decline
The insurer’s combined ratio improved 6.7 points to 83.6%.
Regions Financial Loan Growth Accelerates as Deposit Costs Keep Falling
Regions Financial (RF) grew net interest income 2.3% to $1,277 million in the second quarter as average loans posted their fastest sequential growth in five quarters, even as net interest margin slipped 1 basis point to 3.66%.
Energy Vault Backlog Swells as CFO Departs Amid Revenue Swings
Energy Vault Holdings (NRGV) flagged a material increase in contract backlog even as quarterly revenue swung from $153.3 million to $21.9 million between successive quarters.