Today's Finance Pulse
Autodesk to acquire MaintainX for $3.6B, expanding into operations software
Autodesk announced a $3.6 billion purchase of MaintainX, a leader in operational‑phase software for the built environment. The deal extends Autodesk’s portfolio from design and manufacturing into ongoing building operation, creating an end‑to‑end data loop. CEO Andrew Anagnost said the acquisition unlocks a $40 billion total addressable market.
Also developing:
By the numbers: Pemberton Asset Management closes $3.7B fourth vintage fund
American Assets Trust Inc (AAT) Q1 2026 Earnings Call Transcript
American Assets Trust reported Q3 2025 funds from operations of $0.49 per diluted share, just ahead of internal forecasts, and raised its full‑year 2025 FFO guidance to $1.93‑$2.01 per share. Office leasing outperformed expectations, with the portfolio now 82% leased and spec‑suite activity fueling a 3.6% same‑store office NOI increase. Retail occupancy remained high at 98%, though segment NOI fell 2.6%, while multifamily NOI declined 8.3% amid new supply pressures. The REIT declared a $0.34 per share dividend and holds $539 million in liquidity, though leverage sits at 6.9× EBITDA, above its target.
General Motors Co (GM) Q1 2026 Earnings Call Transcript
CMS Energy reported adjusted earnings per share of $1.13 for Q1 2026 and reaffirmed its full‑year EPS guidance of $3.83‑$3.90. The utility secured approval of more than 65% of its electric rate increase request, maintaining a 9.9% allowed ROE, while...
Arch Capital Group Ltd (ACGL) Q1 2026 Earnings Call Transcript
Arch Capital Group posted after‑tax operating income of $979 million, delivering earnings of $2.58 per share and boosting book value per share 7.3% quarter‑over‑quarter (11.4% YTD). Net premiums written in the P&C segment topped $2 billion, driven largely by the recent U.S....
Armstrong World Industries Inc (AWI) Q1 2026 Earnings Call Transcript
Armstrong World Industries reported a 12% year‑over‑year increase in net sales and a 14% rise in adjusted EBITDA, delivering a record 43.5% margin in its Mineral Fiber segment. Growth was powered by a 6% average unit value lift and strong...
Rogers Corp (ROG) Q1 2026 Earnings Call Transcript
Rogers Corp reported Q1 2026 sales of $208 million, up 6.5% sequentially, propelled by industrial, portable electronics, aerospace and ADAS demand. Gross margin rose to 31.6%, a 170‑basis‑point improvement, while GAAP net loss widened to $73.6 million due to a $71.8 million curamik...
Fair Isaac Corp (FICO) Q2 2026 Earnings Call Transcript
Fair Isaac (FICO) posted Q1 2026 revenue of $512 million, up 16% year‑over‑year, and GAAP net income of $158 million, up 4%. The Scores segment drove 29% revenue growth, led by a 60% jump in mortgage origination revenue, while the Software segment...
Artisan Partners Asset Management Inc (APAM) Q1 2026 Earnings Call Transcript
Artisan Partners posted Q2 2026 results showing AUM of $176 billion, up 8 percent quarter‑over‑quarter, while net client cash outflows reached $1.9 billion. Revenue rose 2 percent QoQ and 4 percent year‑over‑year, with a fee rate of 68 basis points. Adjusted operating income grew modestly, and...
Slide Insurance Holdings Inc (SLDE) Q1 2026 Earnings Call Transcript
Slide Insurance Holdings reported record fourth‑quarter 2025 results, with gross premiums written rising 57% to $618.5 million and net income more than doubling to $170.4 million. The combined ratio fell to 38% and return on equity hit 16.4% for the quarter, underscoring...
Smithfield Foods Inc (SFD) Q1 2026 Earnings Call Transcript
Smithfield Foods (JBSS) reported Q1 FY2026 net sales of $298.7 million, an 8.1% increase driven by a 8.9% rise in weighted‑average price per pound, while volume fell 0.7%. Diluted EPS jumped 59% to $1.59 as gross margin improved to 18.1%...
Two Harbors Investment Corp (TWO) Q1 2026 Earnings Call Transcript
Two Harbors Investment Corp reported a 4.4% total economic return for Q1 2026, driven by both agency RMBS and mortgage servicing rights (MSR) performance. Book value rose to $14.66 per share and a $0.45 dividend was paid, while leverage was...
Renasant Corp (RNST) Q1 2026 Earnings Call Transcript
Renasant Corp closed its Progressive Bank acquisition on January 1, adding $774 million in assets and nine North Louisiana branches, bolstering its regional footprint. GAAP net income for Q1 2026 was $22.2 million, while non‑GAAP core net income reached $24 million, or $0.73 per share. Loan...
Mirion Technologies Inc (MIR) Q1 2026 Earnings Call Transcript
Mirion Technologies reported a record $1.1 billion in 2025 orders, a 26% increase year‑over‑year, and a 36% backlog rise after acquiring Paragon Energy Solutions and CertRec. Nuclear power now accounts for roughly 40% of revenue, driven by strong installed‑base demand and...
Invesco Ltd (IVZ) Q1 2026 Earnings Call Transcript
Invesco reported a record $24.5 billion net long‑term inflows in Q1 2021, led by $16.8 billion into ETFs and strong retail demand. The firm’s assets under management rose to $1.4 trillion, delivering a 40.2% operating margin and a 10% dividend increase to $0.17 per...
Sensata Technologies Holding PLC (ST) Q1 2026 Earnings Call Transcript
Sensata Technologies reported Q1 2026 revenue of $918 million, a modest 1% year‑over‑year increase and the first quarterly growth since early 2024. All three newly defined segments—Automotive, Industrials, and Aerospace/Defense—delivered organic revenue gains, with adjusted operating margin expanding to 19.6%. Record free cash...
Incyte Corp (INCY) Q1 2026 Earnings Call Transcript
Acuity Brands reported Q1 2026 net sales of $1.1 billion, a 5% increase driven primarily by strong growth in its Acuity Intelligence Spaces (AIS) segment, while the Acuity Brands Lighting (ABL) segment slipped 3% amid a soft lighting market. Adjusted operating profit...
Seagate Technology Holdings PLC (STX) Q3 2026 Earnings Call Transcript
Seagate reported Q3 2025 revenue of $2.16 billion, up 31% year‑over‑year but down 7% sequentially due to temporary supply constraints. Non‑GAAP gross profit rose 81% YoY, with gross margin expanding to 36.2% and operating margin reaching a historic 23.5%. The company...
Quad/Graphics Inc (QUAD) Q1 2026 Earnings Call Transcript
Quad/Graphics reported Q1 2025 net sales of $629 million, a 2% organic decline driven by lower paper, logistics and the loss of a major grocery client. Adjusted EBITDA fell to $46 million with margin slipping to 7.2%, while adjusted diluted EPS doubled...
Ashland Inc (ASH) Q2 2026 Earnings Call Transcript
Ashland Inc. reported Q2 2026 revenue of $386 million, a 5% decline driven largely by the Evoqua divestiture and mixed demand. Adjusted EBITDA fell 5% to $58 million, but excluding the divestiture it rose 3% thanks to favorable mix and lower SARD...
Allegion PLC (ALLE) Q1 2026 Earnings Call Transcript
Allegion reported fourth‑quarter 2024 revenue of $945.6 million, a 5.4% increase driven primarily by a 6.4% rise in the Americas segment and $137 million of bolt‑on acquisitions. Adjusted earnings per share climbed 10.7% to $1.86 and operating margin expanded modestly, while the...
Supercom Ltd (SPCB) Q4 2025 Earnings Call Transcript
SuperCom reported record annual revenue of $27.6 million, a 134% increase from its 2020 low, and posted its first full‑year GAAP net income since 2015. Gross margin rose to 48.4%, the best since 2021, while EBITDA grew 31% to $6.3 million, marking...
Bank of NT Butterfield & Son Ltd (NTB) Q1 2026 Earnings Call Transcript
Bank of NT Butterfield & Son Ltd (NBT Bancorp) posted Q1 2026 net income of $51.1 million, a 27% year‑over‑year increase, driven by a higher net interest margin of 3.72% and solid fee‑based revenue. Deposits rose $244 million, with 59% in low‑cost checking...
Asbury Automotive Group Inc (ABG) Q1 2026 Earnings Call Transcript
Asbury Automotive Group reported a record $4.7 billion fourth‑quarter revenue and a $793 million gross profit, pushing its margin to 17%. Adjusted EPS was $6.67 and adjusted operating margin reached 5.4%, while net leverage improved to 3.2×, beating the 3.5× forecast. The...
Seacoast Banking Corporation of Florida (SBCF) Q1 2026 Earnings Call Transcript
Seacoast Banking Corporation of Florida reported adjusted net income of $45.2 million, up 48% year‑over‑year, and organic deposit growth of 7% annualized ($212 million). Organic loan balances rose 8% annualized, backed by a record $1.2 billion loan pipeline. The bank closed two major...
Zimmer Biomet Holdings, Inc (ZBH) Q1 2026 Earnings Call Transcript
Zimmer Biomet reported Q1 2026 net sales of $2.087 billion, a 9.3% increase on a reported basis and 2.9% organic constant‑currency growth. Adjusted earnings per share rose 15% to $2.09, helped by a $0.20 tariff benefit, while adjusted gross margin reached...
F5 Inc (FFIV) Q2 2026 Earnings Call Transcript
F5 Inc. reported Q2 2026 revenue of $812 million, an 11% year‑over‑year increase, driven by 22% product revenue growth and a record $348 million free cash flow. AI‑related sales reached $50 million, up more than 200% YoY, and the company launched several AI‑powered...
Expand Energy Corp (EXE) Q1 2026 Earnings Call Transcript
Expand Energy Corp reported strong Q1 2026 results, highlighting $400 million of synergies in 2025 and a target of $500 million by year‑end 2026. The company eliminated roughly $1 billion of gross debt, including $440 million in the first quarter, and secured investment‑grade ratings...
ONEOK Inc (OKE) Q1 2026 Earnings Call Transcript
ONEOK reported adjusted EBITDA of $1.98 billion, a 12% sequential rise, and net income of $841 million, up more than 30% quarter‑over‑quarter. The company cut senior notes by roughly $600 million, moving toward a 3.5‑times leverage target for 2026, and reaffirmed its 2025...
ACA Marketplace Coverage Changes Reduce Hospital Revenue, Shift Payer Mix
Changes to ACA marketplace coverage in 2026 trimmed HCA Healthcare's adjusted EBITDA by $150 million in Q1, reflecting a 15% YoY drop in marketplace admissions and a rise in uninsured patients. The shift also slowed Medicaid conversions, as patients hesitate to...
Carney Announces $25 Billion "Canada Strong Fund"
Prime Minister Mark Carney announced a $25 billion Canadian sovereign wealth vehicle, the Canada Strong Fund, a day before the Liberal spring economic update. The fund will draw on surplus government reserves and invest in equities, bonds and strategic projects, managed...
Intel US$6.5 Billion Bond Sale Signals Investor Hope in Turnaround
Intel raised $6.5 bn in a new bond offering that attracted roughly $50 bn of investor orders, the strongest demand seen this year. The proceeds will be used to repurchase a 49% stake in its Fab 34 joint venture in Ireland, a move...
Vector Markets Aims to Deliver Continuous Digital Trading of Real Estate
Vector Markets, a Miami fintech founded by Michael Gerrity, is building a 24/7 digital market that tokenizes real estate and other assets. Its VMX exchange uses AI to provide continuous price discovery, while a dedicated token layer fractionalizes property ownership....
Health Benefit Costs Among Top Opex Worries, CFOs Say
CFOs are flagging health‑benefit expenses as a top operating‑cost pressure, with three‑quarters ranking them among the five biggest concerns. Mercer’s February 2026 survey of 161 firms shows the average health‑benefit cost per employee topped $17,000 in 2025 and is projected to...
Shell Beefs Up Canadian Shale Gas to Bolster Reserves, LNG Plans
Shell announced a $16.4 billion acquisition of Canadian shale producer Arc Resources. The deal is designed to shore up Shell’s dwindling reserve base and extend its production runway. It also underpins the company’s ambition to double the capacity of its LNG...
NOV Reports First Quarter 2026 Earnings
National Oilwell Varco (NOV) posted first‑quarter 2026 revenue of $2.05 billion, a 2% decline year‑over‑year, and net income of $19 million ($0.05 per share). Adjusted EBITDA fell $75 million to $177 million, while bookings rose to $520 million, yielding an 80% book‑to‑bill ratio. The company...
Brown & Brown, Inc. Announces First Quarter 2026 Results, Including Total Revenues of $1.9 Billion, an Increase of 35.4%; Flat...
Brown & Brown, Inc. reported first‑quarter 2026 revenue of $1.9 billion, a 35.4% increase year‑over‑year, while organic revenue remained flat and organic revenue with contingents grew 2.2%. Income before taxes rose 24.8% to $533 million and adjusted EBITDAC climbed 36.6% to $731 million....
Accounting: Construction’s Biggest Trends
Construction accounting is moving from a fragmented back‑office task to a strategic, real‑time intelligence hub. New platforms now support dimensional reporting, allowing firms to slice data by project, cost code, location, and entity. Contractors are consolidating disparate tools into integrated...
Berkshire’s Cash Cushion Fuels Massive AI Gamble
Totally random thought the Koala was discussing yesterday with @milken_cookies was on the Berkshire $BRK.A $BRK.B cash pile If Greg Abel threw $100 billion into Anthropic at $900 billion on a "maybe AI devours the white collar world, maybe it doesn't,...
Tesla’s 10‑Q Flags $260M Expense on 20M Vehicle Delivery
10-Q surprises First provision for a first milestone of the 2025 comp package, and I was wondering last week which one it would be. Well, like always, read the 10-Q: "Delivery of 20 million Tesla vehicles" it is. $260m were expensed. https://t.co/CAPAjFaaf7
Crossroads: Beyond Value – Factors Impacting Decision To Sell
The Shelby Report column explores the multifaceted decision to sell a business, emphasizing that financial health, personal well‑being, legacy goals, and timing all play critical roles. It argues that building durable value and diversifying assets boost buyer interest, while health...
FY2026 Budget Plan Arrives Late, FY2025 Delayed Too
Isaacman told House CJS that the spending plan for FY2026 should be submitted to Congress next week (it's late). Spend plans are nerdy, but really useful for seeing how the $ actually will be spent. FY2025's was just posted last...
First Bank Announces First Quarter 2026 Net Income of $7.6 Million
First Bank reported first‑quarter 2026 net income of $7.6 million, or $0.30 per diluted share, a 19% decline from the year‑ago period. Total loans rose 2.1% to $3.30 billion and deposits increased 3.5% to $3.23 billion, while the net interest margin held steady...
Giga Metals Announces Increase and Amendment to Non-Brokered Private Placement
Giga Metals Corp. announced an upsized non‑brokered private placement of up to 15 million units, targeting gross proceeds of CAD $1.2 million (approximately US$0.9 million). Each unit remains priced at CAD $0.08 (about US$0.06) and includes one common share plus a full warrant, with the...
Artsy and Artnet Merge in $71 M Deal Backed by Beowolff Capital
Artsy and Artnet have merged under the private‑equity firm Beowolff Capital in a €65 million ($71 million) transaction at a 97% premium. CEO Jeffrey Yin will run the combined entity while Beowolff founder Andrew Wolff becomes chairman, prompting questions about market power,...
Israel Widens Tax Brackets, Giving Workers up to $117 Monthly Boost
Israel's finance minister Bezalel Smotrich approved a 2026 budget tweak that expands the 20% and 31% income‑tax brackets. The change adds between $56 and $117 to the net pay of employees earning NIS 16,150‑25,100 per month, creating a retroactive rebate...
Domino's Pizza Group Q1 Earnings Slip to $139.8M as Revenue Grows 3.4%
Domino's Pizza Group reported first‑quarter profit of $139.81 million, a $9.84 million decline from the same period last year, even as revenue climbed 3.4% to $1.150 billion. The earnings miss highlights pressure on the retailer’s core same‑store sales despite top‑line growth.
Bridgepoint‑Backed Fera Completes 3Keel Acquisition, Building End‑to‑End Life‑Science Platform
Fera Science Ltd, majority‑owned by private‑equity firm Bridgepoint, has completed its acquisition of UK sustainability consultancy 3Keel. The deal merges Fera's laboratory and field services with 3Keel's advisory expertise, creating an end‑to‑end platform for life‑science organisations. Financial terms were not...
A $10 Million Same-Day ACH Limit Could Be a B2B and Treasury Boon
Nacha announced a $10 million same‑day ACH transaction limit effective Sept. 17, a ten‑fold increase from the $1 million cap set in 2022. The change follows rapid growth in same‑day ACH volume, which is projected to exceed 2 billion B2B transactions in Q1 2026. By...
Blue Moon Metals Confirms Final Investment Decision to Construct Nussir Project Mine, Intention to Construct the Springer Tungsten Mine and...
Blue Moon Metals announced board approval of the final investment decision to build the Nussir copper‑gold‑silver underground mine in northern Norway, targeting a 6,000‑tonne‑per‑day operation and a 13‑year life with production slated for Q3‑2027. The company also initiated planning to...
#58848
On March 24, 2026 the Cambria ETF Trust announced the closure and liquidation of the Cambria Cannabis ETF (ticker TOKE). Trading ceased on April 17, 2026 and the fund distributed cash proceeds of $5.26257025 per share on April 27, 2026. The Options Clearing Corporation (OCC) adjusted...
Germany Seeks White‑Knight Investors to Block UniCredit’s Commerzbank Bid
Berlin has informally approached European lenders to explore a strategic investor for Commerzbank, aiming to counter UniCredit’s takeover approach. The discussions are still at a highly preliminary stage, reflecting the government’s resolve to keep a flagship German bank under domestic...