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
World Kinect Corp (WKC) Q1 2026 Earnings Call Transcript
World Kinect Corp reported Q1 2026 consolidated volume of 4 billion gallons, down 6% YoY, while gross profit rose 10% to $254 million, driven primarily by an 82% surge in marine segment profit. Marine volume grew 4% and benefited from sharp price spikes amid Middle East conflict, whereas aviation profit increased 20% after the Universal Trip Support acquisition, despite a 5% volume decline. Land segment volumes fell 15% as portfolio exits progressed, leading to a 38% drop in land gross profit. The company raised its 2026 adjusted EPS guidance to $2.65‑$2.85 and returned $86 million to shareholders.
Hartford Insurance Group Inc (HIG) Q1 2026 Earnings Call Transcript
The Hartford reported Q1 2026 core earnings of $1.1 billion, putting full‑year 2025 core earnings at $3.8 billion with a 19.4% ROE. Business insurance saw 7% premium growth and an underlying combined ratio of 88.1, while small‑business lines posted 9% growth and...
SS&C Technologies Holdings Inc (SSNC) Q1 2026 Earnings Call Transcript
SS&C Technologies reported record first‑quarter 2026 results, posting $1.648 billion in adjusted revenue, a 9% year‑over‑year increase, and adjusted diluted EPS of $1.69, up 14%. The company rebranded its largest revenue line as technology‑enabled services, reflecting the growing share of workflow‑driven,...
Intel Corp (INTC) Q1 2026 Earnings Call Transcript
Intel reported Q1 2026 revenue of $13.3 billion, a 4% sequential increase, but posted a non‑GAAP loss of $0.46 per share after a $3 billion impairment hit gross margin. The company accelerated cost‑cutting, trimming more than 15% of its workforce and slashing...
Newmont Corporation (NEM) Q1 2026 Earnings Call Transcript
Teck Resources reported a blockbuster first‑quarter 2026, with adjusted EBITDA soaring to $2.1 billion – a 125% year‑over‑year increase – driven by record copper sales at a historic $5.83 per pound and strong by‑product contributions. Operating cash flow hit $1 billion, lifting...
Burke & Herbert Financial Services Corp (BHRB) Q1 2026 Earnings Call Transcript
Herc Rentals reported an 11.5% year‑over‑year increase in equipment rental revenue and a record adjusted EBITDA of $438 million, delivering a near‑49% margin. Specialty equipment now comprises roughly 20% of its $7 billion fleet, and the company raised its annual dividend 5%...
SCI-In-Focus:-Risk-Based-Capital-Modernisation-a-Catalyst-for-Insurance-CLO-Allocations
Regulators are reviewing new risk‑based capital (RBC) models that would adjust C‑1 factors for collateralised loan obligation (CLO) tranches. The proposals, developed by the NAIC and the American Academy of Actuaries, differentiate senior AAA‑A debt from lower‑rated BBB‑ and below...
Nasdaq Inc (NDAQ) Q1 2026 Earnings Call Transcript
Nasdaq reported a record $5.2 billion net revenue for 2025, up 12% year‑over‑year, with solutions revenue exceeding $4 billion, an 11% increase. Operating income rose 16% to $2.9 billion and diluted EPS grew 24% to $3.48, while annual recurring revenue reached $3.1 billion. The...
Heritage Financial Corp (HFWA) Q1 2026 Earnings Call Transcript
Heritage Financial Corp reported a strong Q1 performance, highlighted by $160.7 million deposit growth—95% of which came from non‑maturity accounts—and a net interest margin rise to 3.44% driven by lower funding costs. Loan balances slipped $37 million due to elevated payoffs, while...
Huntington Bancshares Inc (HBAN) Q1 2026 Earnings Call Transcript
Huntington Bancshares reported 11% revenue growth and 16% adjusted EPS increase in Q1 2026, with loan portfolio expanding 14.4% year‑over‑year and net interest income rising 14% YoY to $86 million. The bank completed Veritex integration in 187 days and is preparing...
Teck Resources Ltd (TECK) Q1 2026 Earnings Call Transcript
Alcoa reported first‑quarter 2026 revenue of $3.2 billion, a 7% sequential decline, while net income more than doubled to $425 million, driven by higher aluminum prices and a marked earnings‑per‑share increase to $1.60. The aluminum segment posted a $174 million EBITDA boost, offset...
Betterware De Mexico SAPI De CV (BWMX) Q1 2026 Earnings Call Transcript
Betterware de México reported modest top‑line growth of 0.3% YoY while delivering a 14% increase in EBITDA, lifting the margin to 17.4%. Net income nearly doubled, pushing trailing EPS to MXN 31.9 and free‑cash‑flow conversion to 58% of EBITDA. The company...
Alpine Income Property Trust Inc (PINE) Q1 2026 Earnings Call Transcript
Alpine Income Property Trust (PINE) reported a record $277.7 million of 2025 investments, driving 22.7% quarterly and 8.6% annual AFFO per share growth. The company expanded its commercial loan portfolio to $129.8 million, targeting a 20% allocation of undepreciated assets, while raising...
Kearny Financial Corp (KRNY) Q3 2026 Earnings Call Transcript
Korn Ferry reported Q3 FY2026 fee revenue of $717 million, a 7% year‑over‑year increase marking its fifth straight quarter of accelerating growth. Adjusted EBITDA rose 7.5% to $123 million, with the margin expanding to 17.2%. The company announced a 15% dividend hike...
American Express Co (AXP) Q1 2026 Earnings Call Transcript
American Express reported Q1 2026 revenue of $17 billion, an 8% FX‑adjusted increase, and net income of $2.6 billion, or $3.64 per share, in line with guidance. Card member spending rose 6% (7% excluding leap‑year effects) while net card fees grew 20%...
PENN Entertainment Inc (PENN) Q1 2026 Earnings Call Transcript
PENN Entertainment reported $1.4 billion retail revenue in Q1 2026, delivering adjusted EBITDAR of $456.4 million and a 32.3% EBITDA margin despite December weather setbacks. The Interactive segment generated $398.7 million in revenue, posted a $39.9 million adjusted EBITDA loss, but showed a strong...
Rhinebeck Bancorp Inc (RBKB) Q1 2026 Earnings Call Transcript
Rhinebeck Bancorp (RBKB) posted Q1 2026 net income of $35 million, or $0.94 per share, a 6% sequential rise and 8% YoY increase. Customer deposits surged past $8 billion, delivering $300 million of quarterly inflows and allowing a $200 million reduction in wholesale funding,...
Iridium Communications Inc (IRDM) Q1 2026 Earnings Call Transcript
Iridium Communications posted Q1 operational EBITDA of $122.1 million, a 6% increase, driven by stronger recurring services and engineering contracts. Commercial IoT revenue rose 11% to $43.8 million, reflecting a stepped‑up two‑year partner deal, while overall service revenue grew 4% to $127.5 million....
Chemed Corp (CHE) Q1 2026 Earnings Call Transcript
Chemed Corp reported mixed Q1 2026 results, with VITAS hospice admissions rising 6% to 17,419 but revenue growth and EBITDA margin lagging due to a shift toward higher‑margin hospital short‑stay patients. Roto‑Rooter saw residential revenue decline 3.1% and a 21%...
HomeTrust Bancshares Inc (HTB) Q1 2026 Earnings Call Transcript
HomeTrust Bancshares posted a record book value per share of $22.15, up 13% year‑over‑year, and maintained strong capital ratios with CET1 and Tier 1 at 16.7%. Net income reached $118.2 million, delivering a 2.09% return on assets and 16.56% return on tangible...
S&T Bancorp Inc (STBA) Q1 2026 Earnings Call Transcript
S&T Bancorp posted Q1 net income of $34 million, or $0.89 per share, and lifted its net interest margin to 3.99%, the strongest level since 2023. Loan growth accelerated to a 4.5% annualized rate, driven by commercial and industrial as well...
Ameriprise Financial Inc (AMP) Q1 2026 Earnings Call Transcript
Ameriprise Financial reported adjusted operating EPS of $9.92, up 12% year‑over‑year, while maintaining a 27% firm‑wide margin. Assets under management, administration and advisement reached a record $1.7 trillion, an 8% increase, and the firm’s return on equity approached 53%, positioning it...
Blackstone Inc (BX) Q1 2026 Earnings Call Transcript
CBRE Group reported an 18% revenue increase in Q1 2026, with all three services segments—Advisory, Building Operations & Experience (BOE), and Project Management—posting roughly 20% top‑line growth and near‑30% operating profit expansion. Infrastructure‑related services, especially critical infrastructure and data‑center leasing,...
Two-Mortgage-SRTs-Test-Market-Resilience
Two €500 million mortgage Structured Risk Transfer (SRT) deals were launched in April 2026, pricing at 3.2% and 3.5% yields. The transactions attracted a mix of European banks, insurers and U.S. pension funds, and were structured with a 97% senior‑tranche coverage...
Acme United Corp (ACU) Q1 2026 Earnings Call Transcript
Atlantic Union Bankshares reported Q1 2026 adjusted operating earnings of $126.2 million, with net income of $119.2 million, after fully absorbing the Sandy Spring merger costs. Loan balances rose to $27.9 billion, reflecting 2.2% annualized growth, while deposits slipped slightly to $30.4 billion as brokered...
Boyd Gaming Corp (BYD) Q1 2026 Earnings Call Transcript
Byrna Technologies reported Q1 2026 net revenue of $29 million, an 11% year‑over‑year increase driven primarily by dealer and chain‑store expansion. Gross profit rose to $17.4 million (60% of revenue), but operating expenses jumped 16% and net income fell to $0.8 million, dragging...
West Pharmaceutical Services Inc (WST) Q1 2026 Earnings Call Transcript
West Pharmaceutical reported net sales exceeding $3 billion with over 4% organic growth, driven by high‑value product (HVP) components and a 50% surge in GLP‑1 revenue. Fourth‑quarter revenue reached $850 million, up 7.5% reported and 3.3% organically, while adjusted EPS rose 12%...
SLM Corp (SLM) Q1 2026 Earnings Call Transcript
SLM Corp reported Q1 2026 diluted EPS of $1.54, a 10% increase year‑over‑year, and loan originations of $2.9 billion, up 5%. The company executed a $2 billion seasoned loan portfolio sale and a $200 million accelerated share repurchase, bringing total share buybacks to...
Strategic Education Inc (STRA) Q1 2026 Earnings Call Transcript
Strategic Education reported a 4% revenue increase and a 35% jump in Q4 operating income, driven by AI‑enabled expense reductions and strong growth in its Education Technology Services (ETS) segment. ETS generated $150 million in revenue with a 40% operating margin,...
Byline Bancorp Inc (BY) Q1 2026 Earnings Call Transcript
Byline Bancorp reported Q4 2025 results with net income of $34.5 million and full‑year earnings of $130.1 million, translating to $0.76 and $2.89 per diluted share. Total revenue rose 9.7% year‑over‑year to $446 million, driven by record net interest income of $101 million and...
Knowles Corp (KN) Q1 2026 Earnings Call Transcript
Helix Energy Solutions Group posted Q1 2026 revenue of $288 million, a $13 million net loss and $32 million adjusted EBITDA, while announcing an all‑stock merger with Hornbeck Offshore Services. The deal will create a combined offshore services platform under the Hornbeck name,...
Senstar Technologies Corp (SNT) Q4 2025 Earnings Call Transcript
Senstar Technologies reported Q4 2025 revenue of $9.5 million, a modest 2% decline year‑over‑year but an 8% increase on a year‑to‑date basis. North America drove growth, with regional revenue up 17% and U.S. sales climbing 22%, while EMEA and Asia‑Pacific...
Five Point Holdings LLC (FPH) Q1 2026 Earnings Call Transcript
Five Point Holdings reported Q2 GAAP net income of $8.6 million, driven primarily by a $63.6 million land sale in its Great Park venture that produced $48.4 million of net income. The company ended the quarter with $581.6 million of liquidity and a debt‑to‑capitalization...
First Western Financial Inc (MYFW) Q1 2026 Earnings Call Transcript
First Western Financial (MYFW) posted Q2 2025 net income of $2.5 million, down from the prior quarter after one‑time gains in Q1, while pre‑provision net revenue rose 36% year‑over‑year to $5.1 million. Loan balances increased $114 million sequentially, with $167 million of new loan...
WSFS Financial Corp (WSFS) Q1 2026 Earnings Call Transcript
WSFS Financial Corp reported a strong Q1 2026, posting core earnings per share of $1.43, a 29% year‑over‑year increase, and a core ROA of 1.42%. Net interest margin held at 3.83% despite 75 basis points of rate cuts, while fee...
VeriSign, Inc (VRSN) Q1 2026 Earnings Call Transcript
VeriSign reported a record 176.1 million .com and .net domain names, driven by 11.5 million new registrations and a 76.3% renewal rate for 2026. Revenue rose 6.6% year‑over‑year to $429 million, while diluted EPS climbed to $2.34. The company raised its 2026 revenue...
Gentherm Inc (THRM) Q1 2026 Earnings Call Transcript
Gentherm reported record $2.2 billion in automotive new‑business awards and $1.5 billion of revenue for 2025, a 2.9% increase year‑over‑year. Adjusted EBITDA fell to $175 million (11.7% of sales) as material costs and footprint realignment weighed on margins. The company guided 2026 revenue...
Travelzoo (TZOO) Q1 2026 Earnings Call Transcript
Travelzoo reported Q1 2026 revenue of $22.5 million, a 9% year‑over‑year increase, driven by a 180% surge in Club Membership. Operating profit slipped to $0.6 million (3% margin) as the company accelerated member‑acquisition spending and absorbed a one‑time global meeting...
Phillips Edison & Co Inc (PECO) Q1 2026 Earnings Call Transcript
Phillips Edison & Co (PECO) reported a record 51 consecutive quarters of Funds From Operations (FFO) and same‑store NOI growth, underscoring the resilience of its shallow‑bay industrial portfolio. Occupancy held at 96.6% despite higher market vacancy rates, while debt remains...
Primis Financial Corp (FRST) Q1 2026 Earnings Call Transcript
Primis Financial Corp. posted Q1 2026 earnings of $29.5 million, or $1.20 per share, buoyed by a sale‑leaseback gain and stronger net interest margin. Net interest margin climbed to 3.28% from 2.90% a year earlier, while checking deposits surged 23% to...
Bancorp Inc (TBBK) Q1 2026 Earnings Call Transcript
Banc of California (TBBK) posted first‑quarter 2026 earnings per share of $0.39, a 50% year‑over‑year increase, driven by net interest margin expansion and strong operating leverage. Net interest margin rose to 3.24% and the adjusted efficiency ratio improved by roughly...
Popular Inc (BPOP) Q1 2026 Earnings Call Transcript
Popular Inc. reported a Q1 2020 net income of $34 million, sharply lower than the prior quarter, driven primarily by a $190 million provision for credit losses under the new CECL accounting standard and pandemic‑related economic disruption. Net interest income rose modestly...
Dow Inc (DOW) Q1 2026 Earnings Call Transcript
Dynex Capital reported Q1 2026 book value of $12.60 per share, rising to an estimated $13.31 per share, a 5.6% increase. The REIT expanded its investment portfolio to $6 billion, raising $442 million of capital and pushing leverage to 8.6 times equity. Net...
US-CLO-Momentum-Slows-After-Strong-Start-to-2026
The US CLO market kicked off 2026 with strong primary issuance, pricing roughly $73 bn across more than 160 tranches in January‑February. Early March data, however, show a slowdown relative to the record‑setting pace of 2025, with fewer deals and longer...
Amerant Bancorp Inc (AMTB) Q1 2026 Earnings Call Transcript
Amerant Bancorp reported a sharp contraction in its balance sheet for Q1 2026, with total assets falling to $9.8 billion and deposits slipping 6.2% to $7.8 billion. Net interest margin declined to 3.78% and diluted EPS dropped to $0.07, while the efficiency ratio...
OceanFirst Financial Corp (OCFC) Q1 2026 Earnings Call Transcript
OceanFirst Financial reported Q1 2026 results with diluted GAAP EPS $0.23 and core EPS $0.41. Net interest income rose 5% sequentially and 14% year‑over‑year, driven by $1 billion of loan originations and an 18% annualized loan growth rate. Asset quality stayed...
First Citizens BancShares Inc (Delaware) (FCNCA) Q1 2026 Earnings Call Transcript
First Citizens Bancshares reported solid first‑quarter 2022 results following its January merger with CIT Group. Net interest margin expanded by 17 basis points, while noninterest‑bearing deposits grew $1.2 billion, an annualized 20% increase. Adjusted earnings per share rose to $18.95 versus...
Union Pacific Corp (UNP) Q1 2026 Earnings Call Transcript
Unifi reported first‑quarter 2026 net sales of $135.7 million, an 8% year‑over‑year decline, primarily due to tariff‑related uncertainty and soft demand across its Americas, Asia, and Brazil segments. Gross profit slipped to $3.4 million, yielding a 2.5% margin as the company absorbed...
Carter Bankshares Inc (CARE) Q1 2026 Earnings Call Transcript
Carter Bankshares reported Q4 net sales of $925 million, an 8% year‑over‑year increase, but gross margin slipped 460 basis points to 43.2% as tariffs added roughly $40 million in product costs. Adjusted earnings per share fell to $1.90 from $2.39, reflecting the...
Covenant Logistics Group Inc (CVLG) Q1 2026 Earnings Call Transcript
Covenant Logistics Group reported Q1 2026 freight revenue of $270.6 million, a 7.8% year‑over‑year increase, while adjusted operating income fell 39.4% to $10.9 million due to margin compression in Expedited, Managed Freight and Warehousing. The company’s adjusted leverage rose to...