Know What's Happening in Finance
Know What's Happening in Finance
Flex to Acquire Electrical Power Products for $1.1B, Expanding Power Infrastructure Portfolio
Flex Ltd. announced a definitive agreement to acquire Electrical Power Products for approximately $1.1 billion in cash. The target contributes roughly $323 million of annual revenue and delivers a mid‑to‑high‑teens EBITDA margin. Flex expects the transaction to be accretive to adjusted earnings per share in the first full fiscal year after closing.
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Carvana announced a $1 billion securitization, the first of its recent series to include new‑vehicle loans, representing its largest transaction in six months. The Carvana Auto Receivables Trust 2026‑P1 pools 39,517 loans with an average balance of $26,589 and a weighted‑average term of 74.5 months. Credit‑enhancement levels rose to 11.2% for class A notes, and subordination increased across classes. Ratings are projected from A1+ for senior tranches down to BB‑ for the residual tranche, with maturities extending to 2034.
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At @fiftyyears we gave fast loans and even connected our personal bank accounts to portfolio companies' payroll systems to ensure they could pay their employees.
StoneX Group reported record fourth‑quarter and full‑year results, posting $85.7 million net income for Q4 and $305.9 million for FY 2025, with operating revenues exceeding $1.2 billion, up 31% year‑over‑year. The performance was propelled by the recent R.J. O’Brien and Benchmark acquisitions, which contributed...
Stellus Capital Investment Corp reported Q2 2025 GAAP net investment income of $0.34 per share and a modest decline in net asset value per share, driven by reduced spillover income. The investment portfolio fell to $905.9 million across 112 companies, while...
Sprinklr reported Q1 FY2026 revenue of $205.5 million, a 5% year‑over‑year increase, with subscription revenue growing 4% to $184.1 million. Non‑GAAP operating income reached $36.7 million, delivering an 18% margin, and free cash flow hit a record $81 million. The company announced a $150 million...
Guardian Pharmacy Services reported a strong Q4 2025, serving over 205,000 residents and generating $397.6 million in revenue, a 17% increase year‑over‑year with 12% organic growth. Adjusted EBITDA jumped 53% to $39.5 million, lifting the quarterly margin to 9.9% and prompting an...
Velocity Financial reported a 66.5% jump in pretax earnings, setting a new company record for Q3 2025. Loan production reached $739 million, with new applications exceeding $1.4 billion, driving a 32% year‑over‑year portfolio expansion. Management highlighted a landmark single‑counterparty securitization that broadens...
Biote Corp reported Q4 2025 revenue of $46.4 million, down 6.9% year‑over‑year, with procedure revenue falling 13% to $31.8 million while dietary supplement sales grew 16% to $11.7 million. Gross margin contracted to 68% after a $1.3 million inventory charge linked to a voluntary...
Kontoor Brands reported record 2025 results, with full‑year revenue rising 18% to a new high and adjusted operating earnings up over 20%. The Helly Hansen acquisition contributed more than $700 million of pro‑forma revenue and $0.44 of earnings per share, while...
Korn Ferry reported third‑quarter FY2026 fee revenue of $717 million, a 7% year‑over‑year increase marking the fifth straight quarter of accelerating growth. Adjusted EBITDA rose 7.5% to $123 million, lifting the margin to 17.2%, while adjusted diluted EPS climbed 8% to $1.28....
Sonida Senior Living announced a $1.8 billion merger with CNL Healthcare Properties, slated to close in late Q1 2026. The deal is positioned to upgrade the portfolio’s real‑estate quality, boost AFFO per share and cut leverage toward a six‑times target. In Q3 2025...
Comstock Resources reported Q4 2025 oil and gas sales of $364 million, an 8% year‑over‑year increase despite a 14% production decline. Adjusted net income held steady at $46 million, while GAAP profit surged to $281 million thanks to a $294 million pretax gain from...
Culp Inc reported flat consolidated net sales of $56.5 million in Q1 FY2025, with a modest 0.2% decline year‑over‑year but sequential growth in both upholstery and mattress segments. Upholstery fabrics improved operating margin to 6% while the mattress fabrics division...
Kennametal reported a 10% year‑over‑year organic sales increase in Q2 2026, marking its second straight quarter of organic growth. Adjusted EBITDA margin expanded to 17.1% from 13.9% and adjusted EPS rose to $0.47, driven by price realization, a $13 million buy‑ahead effect,...
Broadwind Inc. posted Q4 2025 revenue of $44.2 million, a 25% year‑over‑year increase, driven by strong heavy‑fabrication shipments and a surge in power‑generation orders. Total orders jumped 90% YoY to $44 million, with gearing orders up 260% and industrial‑solutions backlog reaching a...
Exponent (EXPO) posted Q4 2025 revenue of $147.4 million, an 8% year‑over‑year increase, and net revenue of $129.4 million, up 5% despite a shorter quarter. Adjusted for the missing week, net revenue would have risen in the low double‑digits, while EBITDA margin...
CuriosityStream reported a 40% revenue jump to $71.7 million in 2025, propelled by a surge in AI‑training licensing and a solid subscription base. Gross margins rose to 60% in Q4, delivering a fourth straight quarter of positive adjusted EBITDA and a...
Flotek Industries reported a strong Q2 2025, with total revenue up 26% year‑over‑year and data analytics revenue surging 189% to represent 10% of company sales. The newly acquired PowerTech assets contributed $3.2 million in revenue and roughly $3 million in gross profit...
The long‑standing debate over using credit‑linked notes (CLNs) versus special purpose vehicles (SPVs) for significant risk transfer (SRT) transactions in Spain has re‑emerged. Practitioners now argue that the choice of structure matters less than the comfort level of investors, who...
Vanda Pharmaceuticals reported 2025 revenue of $216.1 million, up 9% year‑over‑year, driven primarily by Fanapt’s 24% sales increase and a successful bipolar launch. The company secured FDA approval for tradipitant (Nirius) to prevent motion‑sickness vomiting, with a commercial rollout slated for...
Oil‑Dri Corp. reported strong Q2 FY2025 results, with double‑digit sales growth in its fluids‑purification, animal‑health and crystal cat‑litter segments. Gross margin rose 11% year‑over‑year, delivering $22 million of EBITDA and enabling a $5 million debt paydown while the revolving credit facility remains...
RADCOM reported a record $71.5 million in total revenue for 2025, up 17.2% year‑over‑year and surpassing the midpoint of its guidance range. Gross margin improved to 76.8% and operating margin hit 20.6%, while cash reserves reached an all‑time high of...
Scorpio Tankers reported Q4 2025 adjusted EBITDA of $152 million, bringing full‑year adjusted EBITDA to $568 million. The company shifted from a $3.1 billion net‑debt position in 2021 to a $309 million net‑cash balance, supported by $1.7 billion of total liquidity and $450 million of debt...
Ingram Micro reported Q4 2026 net sales of $14.88 billion, up 11.5% year‑over‑year, and non‑GAAP EPS of $0.96, surpassing the top of its guidance. Adjusted free cash flow hit $1.63 billion, the strongest quarterly level in over a decade, while the company...
CareDx reported fourth‑quarter 2025 revenue of $108.4 million, a 25% year‑over‑year increase, driven by strong testing services and rapid growth in patient‑digital solutions. Adjusted EBITDA fell 34% to $6.5 million, reflecting a one‑time $6.7 million non‑executive cash bonus, while cash balances topped $200 million...
KLX Energy Services reported a record 2025 year, delivering $406 million of free cash flow and repurchasing over $100 million of stock. The company reduced debt by $130 million, bringing the debt‑to‑capital ratio to 21.4% and ending the year with $542 million of liquidity....
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A bookout is an early termination of an OTC swap or derivative, settled in cash rather than through physical delivery. It allows market participants, especially in commodities and energy, to unwind positions quickly when market conditions change. The process reduces...
JOYY Inc. posted unaudited Q4 2025 results showing net revenues of $581.9 million, a 5.9% year‑over‑year increase, and a full‑year 2025 revenue of $2.124 billion. Advertising revenue surged 62.4% YoY to $145.4 million, driven by the AI‑powered BIGO Ads platform, while operating income...
The opinion piece warns that President Donald Trump’s recent military strike on Iran has embedded a costly “risk tax” across all investment portfolios. By deploying hard power, the United States has heightened geopolitical uncertainty, forcing markets to price a higher...
Singapore‑based Princeton Digital Group, backed by Warburg Pincus, announced plans to raise up to $5 billion in debt this year. The proceeds will finance a multi‑country AI data‑center build‑out in India, Indonesia, Malaysia and Japan. PDG already operates AI‑focused facilities in seven...
JFL Equity Investors announced a target of $2.75 billion for its seventh aerospace and defense private‑equity fund, significantly higher than the $2.23 billion raised for its predecessor and well above the original $1.6 billion goal. The larger fund reflects robust limited‑partner demand and...
San Jose faces a $56 million budget shortfall, prompting Mayor Matt Mahan to call for a citywide belt‑tightening while pledging to protect five core focus areas: unsheltered homelessness, public safety, housing production, neighborhood cleanup and economic growth. The shortfall stems from...
Firm Capital Property Trust (TSX:FCD.UN) posted a strong Q4 2025, with net income jumping 118% to $12.5 million and AFFO per unit rising 2% to $0.133. The Trust’s portfolio now includes 62 commercial assets, 599 multi‑residential units and 537 manufactured‑home units, with...
Veteran CFO Bill Zerella, who has guided three firms—including Fitbit, Vocera and ACV Auctions—through public listings, says the IPO bar is rising as private equity depth gives companies more liquidity options. He expects 2026 to be a strong year, especially...
FLINT Corp. posted 2025 revenues of C$563.8 million, a 20.6% decline driven by delayed construction and market softness. Adjusted EBITDAS fell 13.8% to C$30.6 million, yet margins improved to 5.4% as the work mix shifted. A September recapitalization eliminated senior debt, consolidated...
Juggernaut Exploration Ltd. announced a bought‑deal private placement of 3,906,250 units at C$2.56 per unit, generating C$10 million in gross proceeds. Each unit comprises one common share and half of a share purchase warrant, both structured as flow‑through securities under the...
The article examines the "Matter of Zelinsky" case, where a Connecticut‑resident law professor teaching at New York’s Cardozo School was forced to pay full New York state income tax despite working from home during the pandemic. New York courts applied...
The IRS released updated Schedule 1‑A instructions that tighten the tip deduction for self‑employed and gig‑economy workers. The new rules cap the deduction at $25,000 and limit it to net business income after subtracting self‑employment tax, health‑insurance and retirement‑plan deductions. For...
Cologne Cathedral, Germany’s top tourist attraction, will introduce an admission fee this fall to offset rising maintenance costs. The decision follows pandemic‑induced revenue losses and a €16 million operating budget for 2026. Renowned artist Gerhard Richter, who designed the cathedral’s abstract...
Welltower announced a $6.25 billion revolving credit facility, split into a $4.25 billion A‑tranche maturing in 2030 and a $2 billion B‑tranche due in 2029, with optional extensions. The line will be used to retire more than $1.25 billion of existing debt and may...
Municipal bond markets held steady on Tuesday despite weaker U.S. Treasury yields and mixed equity performance. Muni‑UST ratios stayed near 60% for short maturities and rose to about 90% for the 30‑year, indicating solid relative pricing. Analysts warn that higher...
The so‑called “SaaS‑pocalypse” erased over $1 trillion in market value, dragging Xero’s shares down 23% YTD, yet CFO Claire Bramley says the New Zealand‑based accounting SaaS remains fundamentally strong. Xero posted 20% year‑over‑year operating‑revenue growth and a 10% rise in global subscriptions,...
Norman Marks outlines a pragmatic onboarding plan for a first‑time chief risk officer. He emphasizes a listening tour to grasp the organization’s culture, decision‑making processes, regulatory mandates, and existing risk infrastructure. The approach prioritizes swift regulatory compliance using minimal resources,...
In this episode, Serena Tang explains how a surge in oil prices could undermine the traditional negative correlation between stocks and bonds that investors rely on for diversification. She outlines how the pandemic-era co‑sell‑off of equities and bonds was driven...
Emburse has unveiled the next generation of Emburse Pay, a unified platform that merges vendor payments and employee reimbursements into a single, governed workflow. The solution embeds payment execution within spend‑approval processes, delivering real‑time visibility and audit‑ready control over outbound cash...
Diligent unveiled AuditAI, an AI‑driven internal audit solution, at the IIA Great Audit Minds 2026 conference. The tool automates audit planning, evidence collection, and request routing by leveraging an organization’s risk profile and prior‑year data. Integrated with the Diligent One Platform...
Immutep Ltd. ADS (CUSIP 45257L108) entered a trading halt on March 10, 2026, triggering a restriction on its securities at the OCC. Effective immediately, the stock is ineligible for loan or collateral pledge, and only share‑reducing transactions are allowed on existing loan and...
Apyx Medical Corporation reported its fourth‑quarter FY25 results, posting a loss of $0.03 per share on $19.2 million of revenue. Revenue surged 34.8% year‑over‑year, propelled by the Advanced Energy and Original Equipment Manufacturing segments. The loss narrowed from $0.06 per share...
Smarsh introduced the Noise Reduction Agent, an AI‑driven tool that trims compliance alert volume by up to 60 % for small and mid‑sized financial firms. The solution suppresses low‑risk communications during ingestion, preserving audit‑ready records while cutting thousands of non‑actionable review...
