Industries — page 21
XPO Tonnage Rose as LTL Shipments Improved
XPO reported 594 operating locations in May, up from 592 earlier this year.
Veeva lifts guidance as R&D growth offsets commercial slowdown
The life-sciences software provider raised its full-year revenue outlook to as much as $3.645 billion.
TTM Technologies posts record sales on data-center demand
The circuit-board maker’s net sales jumped 30% to $846 million in the latest quarter.
Old Dominion halts revenue slide as pricing holds
The less-than-truckload carrier posted a 2.9% year-over-year revenue decline, its smallest in five quarters.
Johnson Controls Raises Guidance as Backlog Hits Record High
The building technology company reported second-quarter adjusted earnings per share of $1.19, a 45% increase year-over-year.
Johnson Controls lifts profit forecast on backlog surge
The building-technology supplier raised its full-year adjusted EPS guidance to $4.65 a share.
Five Below Raises Outlook After Sales Beat
Comparable sales increased 22.7%, topping Five Below’s prior forecast for a 14% to 16% gain.
Fifth Third Projects 19% ROTCE Following Comerica Merger
The bank expects the acquisition to drive a 200-basis-point improvement in its efficiency ratio to the low-to-mid 50s by 2027.
CrowdStrike posts record cash flow as growth reaccelerates
The cybersecurity firm raised its net new ARR growth guidance by 520 basis points at the midpoint.
CrowdStrike Lifts Outlook as Revenue Growth Accelerates for Fifth Straight Quarter
The cybersecurity company swung to a GAAP profit of $27.8 million as subscription revenue hit $1.32 billion, up 26% from a year earlier.
Broadcom revenue jumps 48% on AI chip demand
The chipmaker’s AI semiconductor sales more than doubled to $10.8 billion in the quarter.
Arch Capital Profit Nearly Doubles as Catastrophe Losses Recede
The insurer's net income surged 84% to $1.0 billion in the first quarter, powered by a sharp drop in catastrophe claims.
Arch Capital posts 84% jump in net income
The insurer reported annualized net income return on equity of 17.8%, up from 11.1% a year earlier.
Arch Capital earnings double on reinsurance rebound
The Bermuda-based insurer posted first-quarter net income of $1.0 billion, up 84% from a year earlier.
Richtech Robotics Buys Las Vegas Facility in $21.2 Million Asset Deal
The acquisition bolsters the company’s AI infrastructure and robotics data-collection capacity in a key regional hub.
ATN International Closes $268 Million Tower Sale to Everest Affiliate
The asset sale of 214 Southwestern U.S. towers is designed to bolster ATN's liquidity and fund debt repayment as the company sharpens its focus on core connectivity markets.
USA Rare Earth to Build $1.2 Billion Magnet Plant in South Carolina
Revenue quintupled to $5.7 million in the first full quarter of metal sales from its LCM acquisition, as the company laid out plans for a massive domestic manufacturing expansion.
Ulta Beauty sales growth accelerates to 11%
The beauty retailer’s first-quarter earnings rose 15.5% to $7.74 a share.
Ulta Beauty Raised Profit Outlook as Sales Accelerated
Diluted earnings rose to $7.74 a share as gross margin improved and comparable sales kept growing.
Shake Shack lowers full-year profit and revenue guidance
The company reduced its full-year net income forecast to a range of $45 million to $55 million.
Palo Alto Networks lifts guidance after revenue jumps 31%
The cybersecurity firm raised its full-year revenue outlook to $11.3 billion after third-quarter sales climbed to $3.0 billion.
Hub Group restates prior quarters, flags leadership exits
The transportation-services provider disclosed a $77 million understatement of purchased transportation costs and accounts payable.
Hims & Hers Pivots Weight-Loss Strategy, Partners With Novo Nordisk
The telehealth company acquired Eucalyptus, adding 850,000 customers across five countries while overhauling its GLP-1 business.
Dollar General sales growth slows as shoppers pull back
Same-store sales rose 2% in the latest quarter, down from 4.3% in the prior period.
Dollar General raises annual profit outlook as margins expand
The discount retailer reported first-quarter diluted earnings of $2.00 a share.
Worthington Steel to Buy Kloeckner in $2.4 Billion All-Cash Deal
The acquisition would create the second-largest steel service center company in North America by revenue and deliver $150 million in annual synergies.
John Wiley & Sons to Buy Emerald Publishing in $452 Million Cash Deal
The acquisition expands Wiley's journal portfolio to 2,500 titles and strengthens its proprietary content library for AI and data analytics applications.
QXO to Buy TopBuild in $17 Billion Deal
The acquisition will make QXO the second largest publicly traded building products distributor in North America.
Hims & Hers to Buy Eucalyptus in Global Expansion Deal
The acquisition extends the telehealth platform’s reach across five countries, positioning it as an everyday health companion for consumers worldwide.
ESAB to Buy Eddyfi Technologies in $1.45 Billion Deal
Acquisition accelerates ESAB’s expansion into inspection and monitoring with high-margin, high-growth instrumentation technology.
Welltower expands senior housing portfolio through aggressive investment
The real estate investment trust increased its quarterly common stock dividend 15% to $0.85 a share.
Norfolk Southern halts profit slide as costs weigh
The railroad’s adjusted earnings per share fell just 1% as volume declines eased.
ILPT Narrows Loss 58% as Rent Rolls Accelerate for Sixth Straight Quarter
The industrial logistics landlord posted $0.33 a share in normalized funds from operations, up from $0.20 a year earlier, as leasing spreads widened and its Mountain JV locked in fixed-rate financing.
IFF to Sell Food Ingredients Unit to CVC for $4.3 Billion
The flavor-and-fragrance maker will narrow its portfolio to three businesses after divesting a division that generated $3.1 billion in annual sales.
Hewlett Packard Enterprise revenue jumps 40%
The enterprise technology provider raised its full-year earnings guidance to $3.35-$3.45 a share.
FedEx Spins Off Freight Unit, Resets Guidance
The logistics giant distributed 80.1% of FedEx Freight shares to stockholders in its latest quarter.
Credo's Revenue Growth Decelerates as Optical Deal Signals Next Phase
The connectivity-chip maker posted $437 million in fourth-quarter revenue, up 157% year over year but marking a sharp slowdown in sequential growth.
LXP Industrial Trust to Buy Phoenix Covered Land Investment for $103 Million
The asset purchase allows LXP to secure an infill industrial redevelopment site in a market driven by advanced manufacturing and data center growth.
Liberty Global to Combine VodafoneZiggo, Telenet in $7.7 Billion Deal
The transaction aims to create a Benelux telecom powerhouse with sharper strategic focus and a planned 2027 Euronext listing.
IFF to Sell Food Ingredients Unit in $4.3 Billion Asset Deal
The divestiture sharpens the company’s focus on higher-margin segments and strengthens its balance sheet.
Verizon to Buy Array Spectrum Licenses in $1 Billion Asset-Purchase Deal
The transaction advances Array's strategy to monetize retained wireless spectrum following the $4.3 billion sale of its wireless operations to T-Mobile.
Cisco Posts Record Revenue as AI Orders Surge
The networking giant raised its full-year revenue guidance to as much as $63 billion after a 12% jump in sales.
Oracle raises revenue guidance as cloud infrastructure growth accelerates
The software giant raised its fiscal 2027 total revenue guidance to $90 billion following a 22% increase in quarterly sales.
Microsoft Revenue Accelerated as Cloud, AI Demand Lifted Results
Microsoft Cloud revenue reached $54.5 billion, up 29% from a year earlier.
Meta Revenue Growth Accelerated as Ad Pricing Rose
Meta raised its 2026 capital-spending outlook to $125 billion to $145 billion as data-center costs climbed.
Amazon Posts Fastest AWS Growth in 15 Quarters
The e-commerce giant reported $30.3 billion in net income, including $16.8 billion in pre-tax gains from Anthropic investments.
Wells Fargo NII Slips as Margin Pressures Mount
The San Francisco-based lender saw net interest income fall 2% sequentially to $12.1 billion in the first quarter.
Johnson & Johnson Raises Outlook as Sales Accelerate
Adjusted earnings fell 2.5% to $2.70 a share, putting margin pressure at the center of Johnson & Johnson's higher 2026 outlook.