Automatic Data Processing, Inc.

ADP Q1 2027

Reported: 2026-10-29

ADP shares fell 2.6% after earnings, a roughly flat reaction. The quarter included growth in revenue and adjusted EPS, while management maintained its full-year outlook.

Key takeaways

Management said first-quarter revenue growth, adjusted EBIT margin expansion and adjusted EPS growth all exceeded its expectations; the transcript provides no figures for those results.
ADP said ADP Assist added 100,000 clients since the fourth quarter. Its Lyric recruiting AI interviewer has completed more than 4,400 interviews since early September, with a reported 75% reduction in interview-related time spent.
Lyric HCM is now available to companies headquartered in the UK, France, Germany and the Netherlands.
A client using Lyric HCM reported a 35% reduction in time to fill positions after changes to recruiting and HR workflows.

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American Electric Power Company, Inc.

AEP Q3 2026

Reported: 2026-10-29

AEP’s shares fell 1.6%, a roughly flat reaction, as the company reported higher full-year earnings expectations alongside an ambitious growth plan. The transcript does not identify a clear source of investor disappointment.

Key takeaways

Third-quarter operating earnings were $2.23 per share, or $1.2 billion; AEP said it now expects full-year 2026 earnings to be at or above the high end of its $6.25–$6.55 guidance range.
AEP introduced 2027 and 2028 operating earnings guidance of $6.75–$7.05 and $7.40–$7.70 per share, respectively; their midpoints imply about 9.5% growth from the original 2026 guidance midpoint.
The company raised its long-term expected annual operating EPS growth rate to 9%–11% for 2027–2031 and plans $100 billion in capital spending over five years.
AEP expects demand on its system to more than triple by 2031 and estimates large-load contracts could generate up to $21 billion for residential customers over their life, up from $16 billion cited on its prior call.

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Aurelia Metals Limited

AMI.AX Q1 2027

Reported: 2026-10-29

Aurelia Metals rose 13.2% after reporting higher copper, gold and zinc production, record-high quarterly Cobar Regional operating cash flow since 2018, and cash and liquidity above $200 million. Full-year production, cost and capital guidance was reaffirmed, though copper output benefited from a higher-than-planned share of copper ore this quarter.

Key takeaways

Gold production was 16,200 ounces, close to 30% of the midpoint of full-year guidance; copper production was 1,300 tonnes, or 43% of its midpoint. Management said copper ore processing was proportionately higher this quarter than expected in future quarters.
Zinc production reached 8,300 tonnes, the highest quarterly result since FY22; lead production was 5,200 tonnes, broadly in line with the prior quarter.
Group operating costs were just under $90 million. Lower costs reflected more Federation mine development being capitalized and lower corporate costs; management said costs will vary with development activity and remained on track with guidance.
Federation mine development was 1,147 metres, constrained by water management and earlier operational issues. Mining rates returned to plan in August and September, and management said the delay was not expected to affect FY27 metal production guidance.
Cash and liquidity exceeded $200 million. The mill expansion was being commissioned, with expanded capacity expected to be fully available from Q3 FY27.

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BigBear.ai Holdings, Inc.

BBAI Q3 2026

Reported: 2026-10-29

Shares rose 4.7% after BigBear.ai reported 31% year-over-year revenue growth and raised its 2026 revenue guidance. The company also cited improved gross margins and more than $225 million in contract value from recently announced wins.

Key takeaways

Revenue grew 31% year over year, marking a third consecutive quarter of growth.
BigBear.ai raised its 2026 revenue guidance to $150 million–$165 million; the company said reaching the midpoint would represent 23% growth over 2025.
Gross margin increased 878 basis points year over year.
The company said it had won and announced more than 25 contracts since the second quarter, representing over $225 million in contract value.
BigBear.ai entered the fourth quarter with $400 million in cash and investments; management identified revenue growth and pursuing M&A as priorities for the rest of the year.

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Baker Hughes Company

BKR Q3 2026

Reported: 2026-10-29

Baker Hughes shares fell 7.4% after earnings, despite strong orders, as investors appear to have focused on the limited growth in adjusted EPS and flat year-over-year EBITDA margins rather than the order momentum. The transcript also highlights higher interest expense and significant acquisition-related cash costs, though it does not identify a specific guidance cut.

Key takeaways

Adjusted EBITDA was $1.42 billion, with margins of 17.6%—comparable to last year; adjusted EPS was $0.70, up modestly year over year.
Free cash flow was $769 million, including approximately $200 million of Chart integration, restructuring, and closing-related cash costs.
Orders were strong: company book-to-bill was 1.3x, while IET recorded $5.9 billion of orders and a record $39.4 billion in remaining performance obligations, up 23% year over year.
Management raised its full-year orders expectation to $21.5 billion–$23.5 billion and expects IET orders to exceed $50 billion over Horizon 2.
Chart integration is underway: Baker Hughes reported $70 million of the $325 million cost-synergy target already executed, and expects Chart EBITDA margins to reach 22%–23% by the second half of 2028.

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Banco Latinoamericano de Comercio Exterior, S.A

BLX Q3 2026

Reported: 2026-10-29

Bladex shares fell 2.8% after earnings, a roughly flat reaction. The quarter showed substantial portfolio and revenue growth, but quarter-over-quarter net income declined 5%, while management said lending spreads remain under pressure and the NIM improvement included temporary benefits.

Key takeaways

The commercial portfolio reached a record $15 billion, up 15% quarter-over-quarter and 38% year-over-year; the $1 billion Panama sovereign loan accounted for around half of quarterly portfolio growth.
Net interest income rose 9% quarter-over-quarter to a record $79.8 million, and NIM increased to 2.30%. Management attributed the margin improvement partly to lower funding costs and temporary loan-prepayment benefits, while noting lending spreads remain pressured.
Net income was $63.2 million, up 15% year-over-year but down 5% sequentially, reflecting normalized transaction-driven fee income, higher expenses, and increased provisions.
Non-interest income rose 26% year-over-year to $19.3 million, and total revenue reached $99.1 million, nearly 20% higher than a year ago.
Adjusted ROE was 15% and the Tier 1 ratio was 16.2%. Management expects planned investments next quarter to move the full-year efficiency ratio closer to its 27% guidance.

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CMS Energy Corporation

CMS Q3 2026

Reported: 2026-10-29

CMS Energy shares were nearly flat, down 0.8% after earnings. The call highlighted utility investment and load growth, while the NorthStar asset restructuring remains in progress and the electric rate case is still subject to a gap between the company’s request and staff’s recommendation.

Key takeaways

More than 35% of NorthStar Clean Energy assets have signed agreements or closed; CMS said it remains on track to complete the restructuring by year-end and expects to reduce funding needs in its five-year plan by more than $500 million.
The filed integrated resource plan outlines roughly $27 billion of investment through 2040, including 15.8 GW of clean energy resources, 4.1 GW of battery storage and 1.4 GW of new simple-cycle gas generation.
CMS reported approximately 745 MW of new service-territory contracts and said 450 MW has been energized; the company’s previously stated growth target is about 900 MW.
The gas rate case order approved $139 million, about 60% of CMS’s final request, with a 9.8% ROE and 50% equity ratio.
In the electric rate case, CMS requested a $443 million revenue increase; staff recommended $265 million, with a lower 9.85% ROE and 50% equity ratio versus CMS’s requested 10.25% and 51.75%.

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Constellium SE

CSTM Q3 2026

Reported: 2026-10-29

Constellium’s shares were roughly flat after earnings, down 0.5%. The quarter delivered record adjusted EBITDA and the company raised its full-year outlook, while shipments were lower in PARP and AS&I and higher costs weighed on A&T.

Key takeaways

Adjusted EBITDA was $276 million, up 17% year over year; excluding a $4 million negative metal-price-lag impact, it was a third-quarter record $280 million, up 43%.
Shipments were 368,000 tons. Higher A&T shipments were offset by lower shipments in PARP and AS&I versus a year earlier.
A&T adjusted EBITDA rose 13% to a third-quarter record $102 million. Aerospace shipments increased 10% and TID shipments 24%; costs were a $40 million headwind.
PARP adjusted EBITDA increased 98% to a third-quarter record $162 million, though volume was a $7 million headwind.
Free cash flow was $128 million; leverage ended the quarter at 1.6x. The company returned $30 million through repurchases of 1 million shares and raised its full-year outlook.

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CTS Corporation

CTS Q3 2026

Reported: 2026-10-29

CTS shares rose 9.8% after earnings, with investors responding to record margins and EPS alongside broad-based demand indicators. Revenue grew 5% year over year, while a 1.18 company book-to-bill and strong bookings in industrial and aerospace and defense point to continued demand; medical bookings were a notable weak spot.

Key takeaways

Q3 revenue was $150 million, up 5% year over year and 3% sequentially. Diversified end markets grew 7% and made up 60% of sales; transportation grew 2%.
Gross margin reached a record 42.2%, up 330 basis points year over year. Adjusted EBITDA margin was 24.7%, up about 90 basis points, and adjusted diluted EPS rose to $0.77 from $0.60.
Company book-to-bill was 1.18, including 1.3 in diversified markets. Industrial sales increased 7% year over year with a 1.36 book-to-bill; aerospace and defense sales fell 7%, but its book-to-bill was 1.91.
Medical sales rose 21% year over year to $27 million but declined 4% sequentially; its book-to-bill was 0.66, with management citing order timing.
CTS said acquired Millar is expected to generate about $30 million in annual revenue and be accretive in the second half of 2027.

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Dana Incorporated

DAN Q3 2026

Reported: 2026-10-29

The stock fell 6.3% after earnings, suggesting investors were disappointed despite higher sales and margins. The transcript offers no reduced guidance, so the likely concern is that investors were looking for a clearer outlook: management emphasized the Eaton deal and cost savings but gave no specific update to near-term expectations.

Key takeaways

Q3 sales were just over $2.0 billion, up $121 million year over year.
EBITDA was $218 million, up $56 million year over year; margin improved 220 basis points to 10.7%.
Management expects its cost-savings program to reach $325 million by Q4, versus an original $200 million target; it said $320 million had been delivered to date.
The Eaton Mobility transaction remains targeted to close around the end of Q1 2027. Management cited $250 million in run-rate synergies within 24 months post-close, but provided no quantified sales-synergy target.
The company raised its 2026 share-repurchase target to $469 million, while saying it has not decided on buybacks after the Eaton transaction closes.

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HF Sinclair Corporation Common Stock

DINO Q3 2026

Reported: 2026-10-29

HF Sinclair shares fell 2.0% after earnings, a roughly flat reaction. The transcript cites solid performance across segments but offers no detailed financial results or forward guidance, so it does not identify a clear driver of the move.

Key takeaways

Management said all segments contributed to third-quarter earnings through operational performance and commercial execution; the transcript provides no segment-level earnings figures.
The company returned $572 million to shareholders during the quarter, including $93 million in regular dividends.
HF Sinclair expects to make a final investment decision on the first phase of Westline Connect in Q1 2027. The project would add about 35,000 barrels per day of product capacity into Utah and Nevada and is targeted to come online in 2029.
The El Dorado vacuum furnace project is expected to improve reliability and yields and enable processing up to an additional 10,000 barrels per day of advantaged heavy crude.
The lubes business spin-off and Mississauga refinery shutdown are targeted for completion around mid-2027.

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Elopak ASA

ELO.OL Q3 2026

Reported: 2026-10-29

Elopak shares rose 3.7% after the company reported record quarterly EBITDA and 6.5% revenue growth, with momentum in European cartons and closures. Results also faced a headwind from Americas supply disruptions, which management said temporarily reduced reported profitability.

Key takeaways

Revenue was €308 million, up 6.5%; EBITDA was approximately €52 million, a record, with a 16.8% margin.
EMEA carton and closure revenue grew close to 11%; growth included UHT and fresh dairy, particularly in Central and Eastern Europe and Germany.
Americas revenue grew close to 6% despite board supply constraints. The company cited filling-machine sales and increased aftermarket revenue as contributors.
Management said Americas disruptions held back reported profitability; excluding the force majeure impact, it estimated the EBITDA margin would have been around 17.5%.
The leverage ratio was stable at 2.2x despite the investment program.

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Essex Property Trust, Inc.

ESS Q3 2026

Reported: 2026-10-29

Essex shares fell 4.9% despite raised 2026 guidance, suggesting investors focused on the cautious outlook for 2027 amid economic and labor-market uncertainty, along with the possibility of lower fourth-quarter transaction volume as buyers and sellers adjust to higher Treasury rates. Management pointed to West Coast fundamentals as supportive, but did not provide 2027 company guidance.

Key takeaways

Third-quarter core FFO was $4 per share, $0.01 above the midpoint of guidance; same-property revenue grew 3% year over year.
Essex raised its full-year same-property revenue growth midpoint by 10 basis points to 2.9%, NOI growth by 20 basis points to 3%, and core FFO midpoint by $0.02.
Blended rent growth varied by region: Northern California was 7.3%, Seattle 2.1%, and Southern California 0.9%.
Management cited uncertainty in the broader economy and labor market heading into 2027, while noting expected housing deliveries of about 40 basis points of total housing stock. It also said fourth-quarter West Coast transaction volume could decline as the market adjusts to higher rates.
Essex closed on a 474-unit East Bay community built in 2022 for more than $200 million, with an expected mid-5% yield. Net debt to EBITDA was 5.4x, with over $1 billion of available liquidity.

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EXTR Q1 2027

Reported: 2026-10-29

Extreme Networks reported double-digit growth and raised its fiscal 2027 outlook; the stock rose 2.5%, a roughly flat reaction. The quarter paired faster SaaS ARR growth with higher earnings, while management’s outlook points to continued 10% revenue growth.

Key takeaways

Revenue grew 10% year over year, the seventh consecutive quarter of double-digit revenue and product revenue growth.
Non-GAAP EPS increased 50% year over year.
SaaS ARR grew 22% year over year to $265 million; management expects growth above 20% for the rest of the year.
The company raised expectations to 10% growth for both fiscal Q2 and full-year fiscal 2027.
Platform 1 accounted for more than half of subscription bookings, and the company booked 44 customers spending over $1 million, up from 36 a year earlier.

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GE Vernova

GEV Q3 2026

Reported: 2026-10-29

GE Vernova’s shares fell 1.9% after earnings, a roughly flat reaction. The quarter combined a larger backlog and higher segment margins with a $9 billion planned acquisition and a higher buyback authorization; the transcript does not identify a specific earnings disappointment.

Key takeaways

New orders were nearly $30 billion in the quarter, and backlog rose from $176 billion to approximately $200 billion.
Power EBITDA margin reached 21% and Electrification reached 19%; Wind turned profitable, supported by services improvement.
The company ended the quarter with approximately $17 billion in cash and announced a planned $9 billion acquisition of Trench Group, which it expects to be accretive on day one, subject to closing conditions.
GE Vernova doubled its stock buyback authorization from $10 billion to $20 billion. It said it had invested $1.6 billion in buybacks during the quarter and more than $1.3 billion in October.
Management cited a projected $130 billion high-voltage market by the end of the decade and said the Barmer HVDC project is expected to generate a $1.5 billion order in the fourth quarter.

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Generac Holdings Inc.

GNRC Q3 2026

Reported: 2026-10-29

Generac shares rose 3.9% after earnings, as record quarterly sales, margin expansion and an increase in full-year adjusted EBITDA margin guidance pointed to better-than-expected performance. Investors also had a sharply higher data-center outlook to weigh: the company expects 2027 data-center revenue to exceed $2 billion.

Key takeaways

Third-quarter net sales increased 16% year over year to a record; adjusted EBITDA rose 33%.
Commercial and Industrial sales grew 28%, with more than $100 million of quarterly revenue from data-center products. Residential sales returned to growth, up 9%.
Generac signed a long-term Amazon supply agreement, with initial deliveries expected to total $2.4 billion in 2027–28; data-center backlog reached approximately $4.5 billion, nearly triple the level 90 days earlier.
The company raised its 2026 data-center revenue expectation to nearly $500 million from approximately $450 million previously, and expects 2027 revenue from the market to exceed $2 billion.
Capacity expansion is underway, including initial production at a new Wisconsin facility; management expects build rates to ramp significantly in the fourth quarter.

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Hilton Worldwide Holdings Inc.

HLT Q3 2026

Reported: 2026-10-29

Hilton shares fell 2.1% after earnings, a roughly flat market reaction. The transcript points to a mixed picture: Q3 RevPAR growth and development momentum were positive, while leisure demand had normalized and the full-year RevPAR outlook was 4%–4.5%.

Key takeaways

System-wide RevPAR rose 5.8% year over year, with rate and occupancy growth both ahead of expectations.
Business transient RevPAR increased 8.3%; group RevPAR rose 8.2%, while leisure transient RevPAR was up 1.6% as demand normalized after a strong summer.
Hilton raised its full-year RevPAR growth expectation to 4%–4.5% and said business transient momentum is expected to carry into Q4.
The company added more than 180 hotels and 27,000 rooms in the quarter, its largest organic openings quarter; its pipeline exceeded 543,000 rooms.
Hilton remained on track to return $3.5 billion to shareholders for the full year.

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Robinhood Markets Inc. Class A Common Stock

HOOD Q3 2026

Reported: 2026-10-29

Robinhood shares fell 3.3% after earnings, signaling investor disappointment despite product launches and Gold subscriber growth. The transcript points to a key concern: banking and credit—management’s major levers for expanding Gold—are still in limited release, leaving their contribution to future growth uncertain.

Key takeaways

Gold subscribers reached 5 million, up more than 30% year over year; Gold adoption was 18% across the customer base and 40% among customers who joined during the quarter.
Management said banking and credit remain in limited release, while pointing to them as major opportunities to strengthen Gold.
Customers had more than $250 million in Agentic accounts; management described adoption across usage and trading as accelerating, while noting the offerings are still early.
Robinhood said the U.S. Treasury opened Trump accounts for nearly 70 million eligible children; 25 million already had $250 invested through the Dell Foundation.
The company announced 24/7 equity trading for later this year and said it became the first U.S. broker to offer true perpetual futures.

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International Paper Company

IP Q3 2026

Reported: 2026-10-29

International Paper rose 3.3% after earnings as North America’s sequential recovery and full-year free-cash-flow outlook supported the positive market reaction. However, demand remained soft, inflation was higher than expected, and EMEA results fell short of management’s expectations.

Key takeaways

Adjusted EBITDA was $843 million, adjusted operating EPS was $0.37, and adjusted EBITDA margin improved nearly 400 basis points sequentially to 13.6%.
Packaging Solutions North America adjusted EBITDA rose 56% sequentially to $663 million; price and mix added $141 million, while volume reduced results by $46 million.
North American box shipments declined approximately 2% year over year. The company expects to outperform industry demand by about 2 percentage points for the full year.
Higher diesel, OCC, and energy costs had a $55 million unfavorable impact; the temporary Pine Hill shutdown had a $20 million unfavorable impact, partly offset by insurance recovery.
Free cash flow was negative $267 million in the quarter; full-year free cash flow is expected to be approximately $100 million to $200 million.

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IQVIA Holdings Inc.

IQV Q3 2026

Reported: 2026-10-29

IQVIA shares fell 0.7%, a broadly flat reaction, as the quarter showed improving organic growth and margin expansion alongside stronger clinical bookings. Management said revenue, EBITDA and adjusted EPS topped its guidance ranges, but the transcript does not establish how results compared with market expectations.

Key takeaways

Revenue grew 8% reported and 8.6% at constant currency; organic growth was approximately 6%.
Adjusted EBITDA grew 8.7%, with margin expanding 20 basis points for a second consecutive quarter; adjusted diluted EPS rose 11.3%.
Clinical revenue grew 8.7% reported, nearly 7% organically. Net new bookings reached $3.2 billion, up 15% year over year, while trailing 12-month bookings rose 14% to $11.7 billion.
Commercial revenue grew 6.9% reported and 4% organically, double the prior-year organic growth rate; the company cited record pipeline levels.
Management pointed to supportive demand indicators, including year-to-date clinical trial starts up high single digits and new drug launches up more than 40% year over year.

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Illinois Tool Works Inc.

ITW Q3 2026

Reported: 2026-10-29

ITW’s results were broadly solid, with 3.8% organic revenue growth and higher EPS, while the stock was essentially flat at -0.1%. The quarter included uneven segment and regional performance, and management noted that some businesses still need to catch up on price and costs.

Key takeaways

Revenue rose 4.4%, including 3.8% organic growth; excluding the tornado disruption in Welding, organic growth was approximately 4.8%.
Operating margin expanded 40 basis points to 27.8%, with enterprise initiatives contributing 130 basis points. GAAP EPS increased 7% to $3 despite a higher tax rate.
Growth was uneven: Test and Measurement and Electronics grew 16%, Welding grew 7% (15% excluding the tornado), and Polymers and Fluids grew 8%; Automotive OEM organic revenue declined 2%.
North America organic growth was 6%, Asia Pacific grew 3% with China down 2%, and Europe was flat.
ITW raised full-year GAAP EPS guidance by $0.05 to a midpoint of $11.50, while flagging price/cost catch-up needs in Automotive OEM and Construction Products.

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Invesco Ltd.

IVZ Q3 2026

Reported: 2026-10-29

Invesco’s shares were little changed, down 0.4% after earnings. The quarter showed solid inflows and sequential margin expansion, alongside outflows in fundamental fixed income and moderated flows at the China JV.

Key takeaways

Net long-term inflows were $35.1 billion, equivalent to 6.3% annualized organic growth; global liquidity added $47 billion, bringing AUM in that category to $262 billion.
Sequentially, net revenue rose 4%, operating expenses fell 1%, and operating margin expanded by more than 3 percentage points to 40.7%.
ETFs and index attracted nearly $29 billion of net inflows, with ETF AUM reaching a record $775 billion. QQQ drew nearly $7 billion; the broader QQQ suite, including QQQM, drew $16 billion.
Fundamental fixed income recorded $2.6 billion of outflows, driven largely by institutional reallocations from stable value and low-fee investment-grade index mandates. Across all fixed-income products, flows were positive by $1.3 billion.
China JV flows moderated amid third-quarter market volatility and equity-market drawdown; the transcript excerpt does not provide a flow figure.

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Jones Lang LaSalle Incorporated

JLL Q3 2026

Reported: 2026-10-29

JLL shares rose 11.1% after earnings, as the quarter delivered accelerating revenue growth and faster profit growth: revenue increased 12%, while adjusted EBITDA rose 33% and adjusted EPS rose 52%. The call also highlighted expected annual margin contribution from platform improvements, though the transcript provided no updated financial guidance.

Key takeaways

Advisory revenue growth accelerated to 22%, including against tougher comparisons; resilient businesses continued to grow in line with expectations.
Adjusted EBITDA increased 33%, with margins expanding; adjusted EPS rose 52%.
JLL said it retained 99% of its top 100 clients over the last three years and is pursuing more cross-selling through its integrated-client strategy.
The company expects platform enhancements to contribute more than 20 basis points of average annual margin expansion, increasing over time; management said this represents roughly one-third of the annual expansion embedded in its Accelerate 2030 targets.
Management cited an uneven macro backdrop but said demand was broad across business lines and the company was positioned to build on operating momentum.

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Lincoln Electric Holdings, Inc.

LECO Q3 2026

Reported: 2026-10-29

Lincoln Electric’s shares rose 9.2% after the company reported 15% sales growth and 21% adjusted EPS growth, supported by accelerating volume demand. The upside came alongside a 190-basis-point gross-margin decline, which management expects to offset with pricing in the fourth quarter.

Key takeaways

Third-quarter sales increased 15% to $1.221 billion, with volume up approximately 9% and price up 6%; adjusted EPS rose 21% to $2.98.
Gross profit increased 9% to $425 million, but gross margin contracted 190 basis points to 34.8%, reflecting late-quarter pricing actions and unfavorable mix. Management expects price-cost neutrality in Q4.
Organic sales grew across all three segments and five end markets; U.S. sales increased more than 20%, while automation sales reached $232 million on high-teens organic growth.
Adjusted operating margin improved 60 basis points to 18%, with a 22% incremental margin; ROIC was 23.9%, up 170 basis points year over year.
Strong automation and equipment orders lifted backlog to a record level, which management said positions the company well for 2027.

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LPL Financial Holdings Inc.

LPLA Q3 2026

Reported: 2026-10-29

LPL shares fell 15.2% after the earnings release, with the clearest concern in the transcript being Commonwealth’s expected asset retention of approximately 83%—meaning a meaningful portion of assets is not expected to transfer. The call also noted modest market headwinds, though it did not provide a specific outlook cut or explain the share-price reaction.

Key takeaways

Organic net new assets were $29 billion, a 5% annualized growth rate; management said it was the best rate in over a year excluding large institutional wins.
Total client assets were $2.6 trillion, up slightly from Q2 as organic growth was largely offset by modest market headwinds.
Adjusted EPS reached a record $5.97, up 15% year over year; adjusted pretax margin was approximately 38.6%.
Commonwealth onboarding remains on track for mid-November, but expected asset retention is approximately 83%.
LPL repurchased shares as part of approximately $300 million returned to shareholders; its payout rate rose about 50 basis points sequentially to 88%.

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Nautilus Biotechnology, Inc.

NAUT Q3 2026

Reported: 2026-10-29

Nautilus shares rose 18.4% after earnings. The call’s positive signal was the company’s sharpened focus on proteoforms, with management saying its development roadmap is underway and pointing to demand from the scientific community.

Key takeaways

Nautilus has concentrated resources on proteoforms and says it effectively tripled the people and resources focused on proteoform development.
The company aims to develop 20 proteoform assays by the middle of 2028.
Management described its Voyager platform and Iterative Mapping method as designed to read intact protein molecules at scale and resolve their functional states.
Nautilus cited demand for more proteoforms, sample types, and applications, along with its participation in the SEEDS Consortium, funded up to $51.7 million by ARPA-H.
The supplied transcript excerpt does not include quarterly financial figures or a detailed financial outlook, limiting assessment of the earnings and near-term business performance.

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Novartis AG

NOVN.SW Q3 2026

Reported: 2026-10-29

Novartis shares rose 1.4%, a broadly neutral reaction to a quarter with 4% constant-currency sales growth and 10% core operating income growth. The company raised its full-year 2026 bottom-line guidance, while Pluvicto’s US growth was more modest and management expects broader uptake of its new hormone-sensitive prostate cancer indication to build mainly next year.

Key takeaways

Priority brands grew 29%. Kisqali sales increased 37%, Kesimpta 22%, Pluvicto 20% in constant currencies, and Leqvio 63%.
Kisqali’s growth was broad-based: 38% in the US and 35% outside the US in constant currencies. Early breast cancer is approved in 84 countries and reimbursed in 43.
Kesimpta gained 3 percentage points of overall US MS market share to 16%; 77% of its US new prescriptions were first line or first switch.
Pluvicto grew 9% in the US versus 68% outside the US. Management said new-indication uptake is still early, with 5–10 weeks of lead time for treatment and further acceleration expected next year.
Leqvio’s US sales rose 60%; its share in Medicare reached 22%. The quarter’s growth and margin expansion supported an upgrade to full-year bottom-line guidance.

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The Navigator Company, S.A.

NVG.LS Q3 2026

Reported: 2026-10-29

Navigator’s shares rose 2.5%, a roughly flat reaction. Nine-month results reflect lower production availability and higher energy and logistics costs, partly offset by price increases; sales improved sequentially in Q3 as operations recovered.

Key takeaways

First-nine-month turnover was €1,333 million and EBITDA was €212 million.
Sales increased more than 5% quarter-on-quarter, despite seasonal weakness in Europe; maintenance shutdowns weighed on July, followed by recovery in August and September.
Lower production availability and historically low inventories limited the ability to meet demand. Higher energy and logistics costs also pressured performance, partly offset by pricing and cost optimization.
Free cash flow was positive at €19 million for the first nine months, alongside €174 million of CapEx; 48% of CapEx was allocated to sustainability and ESG-related investments.
Net debt was €765 million, up €61 million from year-end; leverage stood at 2.66x net debt to EBITDA. The company reported €147 million in cash and €323 million in committed undrawn long-term facilities.

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Old Dominion Freight Line, Inc.

ODFL Q3 2026

Reported: 2026-10-29

Old Dominion’s shares fell 7.3% after earnings, with the clearest concern being a cautious fourth-quarter revenue outlook: the $1.54–$1.58 billion forecast implies revenue below the third quarter’s $1.59 billion. Freight demand improved in September, but third-quarter LTL tons per day were still down 0.1% year over year.

Key takeaways

Third-quarter revenue rose 13.1% to $1.59 billion, while earnings per diluted share increased 28.9% to $1.65.
The operating ratio improved 280 basis points to 71.5%.
LTL revenue per hundredweight increased 13.3%; LTL tons per day fell 0.1% for the quarter, though September tons per day rose 1.6% year over year.
Sequentially, third-quarter tons per day increased 1.2% and shipments per day increased 2.4%.
Management forecast fourth-quarter revenue of $1.54–$1.58 billion, which it said would be above normal seasonality.

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Polaris Inc.

PII Q3 2026

Reported: 2026-10-29

Polaris shares rose 5.3% after earnings as the company raised its 2026 operational EPS outlook for a third time, to $2.40–$2.50 from $2.05–$2.15, following better-than-expected operational performance in the quarter.

Key takeaways

Q3 sales increased 11%; excluding Indian Motorcycle from the prior-year quarter, sales grew 17%. Growth included high-single-digit ORV sales and high-double-digit growth in commercial, government and defense, and marine.
Operational adjusted EPS was $0.95 versus $0.41 a year earlier, excluding $10 million of pretax tariff-refund interest. Reported adjusted EPS was $1.08.
Adjusted EBITDA margin rose 118 basis points to 8.8%; excluding tariff refunds, operational margin improvement was approximately 85 basis points. Volume, net price and efficiencies helped offset higher commodity and logistics costs.
Total company retail was flat, while North American ORV retail rose 2% and Polaris gained ORV share for a sixth consecutive quarter. Utility growth more than offset pressure in recreational markets.
October retail was tracking in line with expectations, but management noted continued consumer-market uncertainty and higher commodity costs.

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Perseus Mining Limited

PRU.AX Q1 2027

Reported: 2026-10-29

Perseus delivered a quarter broadly in line with its annual production and cost guidance, despite lower production than the prior quarter. The shares were effectively flat after the release (+0.2%), reflecting a mixed quarter: gold sales and cash generation were substantial, while production eased and Yaoure’s all-in site cost was slightly above plan.

Key takeaways

Produced 92,551 ounces, below the prior quarter but above plan; sold 99,661 ounces at a realized price of USD 3,881 per ounce.
Annual guidance remains 420,000–480,000 ounces at an all-in site cost of USD 1,835–2,070 per ounce. The outlook includes 55,000 ounces from Nyanzaga, expected to enter production in January.
Group all-in site cost was USD 2,035 per ounce. Yaoure’s was USD 2,393 per ounce, slightly above plan; Edikan’s fell 11% to USD 1,738 per ounce.
Notional cash flow was USD 171 million, and the quarter ended with USD 900 million in cash and bullion, no debt, and USD 400 million in undrawn facilities.
Nyanzaga construction accounted for USD 110 million of the quarter’s USD 155 million growth-project investment. Perseus also proposed a AUD 100 million special distribution and had repurchased about AUD 6.6 million of shares by September-end.

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PrairieSky Royalty Ltd.

PSK.TO Q3 2026

Reported: 2026-10-29

Shares rose 1.0% after earnings, a roughly flat reaction. PrairieSky reported higher production and funds from operations alongside lower net debt, while the call offered longer-dated growth prospects rather than a near-term change to the outlook.

Key takeaways

Royalty production averaged 26,936 BOE/day, up 5% year over year; oil volumes rose 4% and NGLs 20%.
Royalty production revenue was CAD 153.4 million, versus CAD 107.7 million a year earlier. Funds from operations increased 42% to CAD 127.9 million, or CAD 0.55 per share.
Net debt fell CAD 63.6 million during the quarter to CAD 123 million; the dividend payout ratio was 48%, and the board approved a fourth-quarter dividend of CAD 0.265 per share.
Drilling activity included a record 30 Duvernay spuds in the quarter. Only 22 of 65 year-to-date West Shale wells were on production at quarter-end, with further completions expected to support growth into Q4 and early 2027.
Management outlined longer-term growth opportunities, including potential additional thermal royalty production from Saskatchewan leases beginning around 2030; it said conventional production could flatten or grow within three years, assuming oil prices hold.

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Phillips 66

PSX Q3 2026

Reported: 2026-10-29

Phillips 66 reported $14.08 per share and strong operating volumes, while the stock rose a more measured 1.9% after earnings. The quarter featured substantial cash returns and lower debt, alongside fourth-quarter utilization expectations in the mid-90s for refining and mid-80s for chemicals.

Key takeaways

Reported and adjusted earnings were $5.6 billion, or $14.08 per share; operating cash flow was $7.3 billion, including a $1.1 billion working-capital benefit.
Refining utilization was 98%, with a third-quarter record distillate yield of 41%; midstream fractionation volumes exceeded 1 million barrels per day.
The company returned $2.8 billion to shareholders and reduced debt by $2 billion; net debt to capital fell to 26%, reaching its 2027 target ahead of schedule.
Fourth-quarter outlook calls for worldwide crude utilization in the mid-90s and global olefins and polymers utilization in the mid-80s; turnaround expense is expected at $140–$170 million.
Management targets mid-single-digit adjusted EBITDA growth through the decade from midstream projects; CPChem’s Golden Triangle and Ras Laffan projects remain on track for full operations in 2027.

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PayPal Holdings, Inc.

PYPL Q3 2026

Reported: 2026-10-29

PayPal delivered a mixed third quarter, with transaction margin dollars up approximately 2% and non-GAAP EPS up 8%. The stock rose 2.0% after earnings, a modest move that does not signal a decisive market verdict.

Key takeaways

Transaction margin dollars grew approximately 2%; non-GAAP EPS increased 8%. PayPal generated $2 billion of adjusted free cash flow and returned more than $1.6 billion through buybacks and dividends.
Branded checkout TPV growth remained in the 1%–2% range for the fourth consecutive quarter, while management said it is still working to improve checkout performance.
Venmo and Braintree each posted double-digit TPV growth. Venmo debit reached 6.7 million monthly active accounts, up more than 55%, and PSP volume grew 8%.
Financial services represented more than 20% of 2026 transaction margin dollars and were growing at a double-digit rate; value-added services attachment in PSP rose to 6% from 5% a year earlier.
PayPal has reduced headcount by more than 2,000 and remains on track for at least $1.5 billion in gross run-rate cost savings over two to three years, including more than $700 million exiting the fourth quarter.

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Royal Caribbean Group

RCL Q3 2026

Reported: 2026-10-29

Royal Caribbean shares rose 5.5% after earnings, as third-quarter results beat management’s expectations and the company raised its full-year guidance. Better-than-expected closing demand and onboard revenue supported the upside, though yield growth was modest against 8% capacity growth.

Key takeaways

Third-quarter revenue grew 9% year over year; adjusted EPS was $0.26 above company guidance.
Capacity increased 8%, while net yields rose 0.6%—about 60 basis points above the company’s expectation.
Booking volumes since the prior call were up in the mid-teens year over year; bookings for 2027 sailings were up in the high teens, with 2026 and 2027 book positions ahead of prior year at record rates.
Fourth-quarter capacity is expected to increase 5%, with yield growth forecast at 4.2%–4.7%.
The proposed Sandals and Beaches deal involves an approximately $3 billion investment for a 50% stake at 10 times forward EBITDA; management expects it to be immediately accretive to earnings.

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Rambus Inc.

RMBS Q3 2026

Reported: 2026-10-29

Rambus shares fell 1.6% after earnings, a roughly flat reaction despite record revenue and earnings. The transcript points to a strong quarter and upbeat product outlook, but does not identify a specific disappointment behind the stock move.

Key takeaways

Q3 product revenue reached approximately $114 million, up 15% sequentially and 22% year over year.
Management said Q3 revenue and non-GAAP earnings hit record highs and exceeded the top end of its guidance ranges; the transcript provides no figures for total revenue or earnings.
Rambus expects Q4 product revenue to set another record and grow more than 30% year over year.
DDR5 RCD demand and adoption of newer generations supported product growth; the sixth-generation RCD, supporting DDR5 9600, is sampling broadly.
The company completed a $100 million accelerated share repurchase while continuing investment in its product roadmap and AI-related design tools.

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SK Hynix Inc. American Depositary Shares

SKHY Q3 2026

Reported: 2026-10-29

SK hynix shares rose 15.5% after the company reported record third-quarter revenue and operating profit, with revenue up 32% quarter-on-quarter and operating margin reaching 80%. The report also showed sharply higher nonoperating losses and a slight decline in NAND bit shipments.

Key takeaways

Revenue reached KRW 104.6 trillion, up 32% quarter-on-quarter and 328% year-on-year, the first quarter above KRW 100 trillion.
Operating profit rose 38% quarter-on-quarter to KRW 83.3 trillion; operating margin improved 3 percentage points to 80%.
DRAM bit shipments increased approximately 10% sequentially, including server DDR5 shipments up over 40%; HBM4 mass production and shipments began in Q3.
NAND bit shipments slipped slightly from Q2 as the company shifted sales toward higher-value products; NAND ASP rose by the mid-20% range.
Net nonoperating expenses totaled KRW 32.6 trillion, including KRW 11.6 trillion in foreign-exchange-related losses and KRW 22.9 trillion in investment-asset valuation losses.

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Sundial Growers Inc.

SNDL Q3 2026

Reported: 2026-10-29

SNDL’s shares rose 1.6%, a relatively muted reaction to mixed results: adjusted operating income and free cash flow improved, but revenue and gross profit declined year over year. Cannabis Operations remained the main drag, and reported results included a CAD 52 million goodwill impairment.

Key takeaways

Net revenue fell 2.5% year over year to CAD 238 million; gross profit declined 9.8% to CAD 57.9 million, and gross margin narrowed by two percentage points to 24.3%.
Adjusted operating income turned positive at CAD 5.2 million, up CAD 14.8 million from a loss a year earlier. The reported operating loss was CAD 48.3 million, including a CAD 52 million non-cash goodwill impairment tied to Cannabis Operations.
Free cash flow reached a quarterly record of CAD 20 million, up 19.5% year over year, but included a one-time CAD 10.6 million benefit from the initial captive-insurance unwind. SNDL expects a further CAD 8 million inflow in Q4.
Cannabis Operations revenue declined CAD 10.3 million and gross profit fell CAD 6.6 million year over year. SNDL exited unprofitable domestic dried flower and initiated a strategic review of the segment.
Cannabis Retail recorded quarterly net revenue and gross-margin records, while Liquor Retail achieved a gross-margin record; however, Liquor Retail revenue declined 3.3% to CAD 134.8 million.

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Sensata Technologies Holding plc

ST Q3 2026

Reported: 2026-10-29

Sensata shares fell 3.4% after earnings, with the $24 million customer program-termination payment clouding the quarter’s headline performance. Although management said underlying results met or exceeded the midpoint of guidance, investors may also be weighing the Q4 outlook, which is not included in the provided transcript.

Key takeaways

Q3 revenue grew approximately 8% year over year, or 7% organically; all three segments delivered organic revenue growth, market outgrowth and operating income growth.
Results included a $24 million payment tied to the cancellation of an EV program. Management said underlying results met or exceeded the midpoint of guidance without it.
Free cash flow conversion was 119% in Q3; year-to-date free cash flow was $489 million, versus $490 million for full-year 2025. Management expects 2026 conversion to exceed 100% of adjusted net income.
Net leverage fell to 2.1x trailing 12-month adjusted EBITDA, and Sensata repurchased $33 million of debt during the quarter.

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STAG Industrial, Inc.

STAG Q3 2026

Reported: 2026-10-29

STAG’s third-quarter results and revised guidance were broadly positive, while shares were roughly flat, up 0.4% after earnings. Core FFO per share rose 1.5% year over year, and the company raised its same-store cash NOI and core FFO guidance.

Key takeaways

Core FFO was $0.66 per share, up 1.5% from a year earlier.
Same-store cash NOI grew 3.5% in the quarter and 3.9% year to date; full-year growth guidance increased to 3.5%–3.75%.
Average same-store occupancy guidance rose 25 basis points at the midpoint, to 96.75%–97.25%; core FFO guidance increased $0.02 at the midpoint, to $2.64–$2.66 per share.
The company commenced 30 leases covering 3.6 million square feet, with cash and straight-line leasing spreads of 23.8% and 35.7%; retention was 90.3%.
Net debt to annualized run-rate adjusted EBITDA was 5.1x, and liquidity was $546 million. Acquisition guidance was narrowed to $530 million–$600 million, with an expected stabilized cap rate of 6.3%–6.4%.

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Smurfit Westrock Plc

SW Q3 2026

Reported: 2026-10-29

Shares fell 5.2% after Smurfit WestRock cut its 2026 adjusted EBITDA outlook to approximately $4.7 billion, citing cost inflation that was worse than anticipated. Energy and freight pressures are weighing on earnings, with energy alone expected to be a roughly $700 million year-on-year headwind.

Key takeaways

Q3 adjusted EBITDA was $1.205 billion, with a 14.8% adjusted EBITDA margin; management said results faced greater-than-anticipated cost inflation.
The company is raising prices across most paper grades, but those increases are passing through with a normal time lag.
North American corrugated volumes improved sequentially, though management said higher costs masked improvement; Mexican demand was described as particularly weak.
EMEA and APAC continue to face high energy costs, while Latin America reported strong margins and announced an agreement to acquire CNPC packaging assets in Chile.
Management cited one-off volume pressures from extreme European heat, earthquakes in Colombia, and agricultural contamination affecting the U.S. and Mexico.

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TE Connectivity Ltd.

TEL Q4 2026

Reported: 2026-10-29

TE shares fell 1.8% after earnings, a roughly flat reaction. Results and the fiscal 2027 outlook point to continued growth, with no clear disappointment identified in the available transcript.

Key takeaways

Q4 sales were $5.3 billion, up 13% organically year over year; adjusted EPS was $3.14, up 21%.
Adjusted margins expanded 100 basis points year over year, and free cash flow was $1.2 billion.
Full-year organic sales grew 12%; adjusted EPS rose 24% to $11.52, while adjusted operating margins expanded 120 basis points to 22%.
Orders reached $6.1 billion, up 29% year over year, with book-to-bill of 1.14 and record backlog entering fiscal 2027.
Q1 guidance calls for $5.35 billion in sales and adjusted EPS of about $3.30; management expects full-year organic sales growth similar to fiscal 2026’s 12%.

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Ultra Clean Holdings, Inc.

UCTT Q3 2026

Reported: 2026-10-29

UCT shares rose 8.5% after earnings, as revenue from both Products and Services and the bottom line came in ahead of management’s expectations. Investors also got a more upbeat industry outlook: UCT now expects 2027 wafer fab equipment spending to exceed $200 billion.

Key takeaways

Management said third-quarter Products and Services revenue both came in ahead of expectations; it also said the bottom line outperformed, without providing figures in the available transcript.
UCT cited healthy demand across its end markets, particularly AI-related investment in leading-edge foundry, DRAM/HBM and advanced packaging capacity.
The company said 26,000 square feet of clean-room space in Malaysia came online earlier than anticipated and helped it outperform. It plans to expand weldment, clean-room and vertically integrated manufacturing capacity across several sites.
UCT secured eight new NPX program wins across etch, ALD, PVD and lithography applications; a similar number of programs are moving through development and qualification.
Supply constraints remain an industry challenge, though management said customer forecasts, fab utilization and critical-component availability remain healthy for UCT.

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United Parcel Service, Inc.

UPS Q3 2026

Reported: 2026-10-29

UPS rose 5.8% after reporting third-quarter revenue growth across all three segments and a return to year-over-year operating profit growth in International. U.S. Domestic operating profit also grew, though the transcript provides no comparison with market expectations.

Key takeaways

Consolidated revenue was $22.9 billion, up 6.7% year over year; consolidated operating profit was $2.1 billion.
U.S. Domestic operating profit increased more than 14%. Revenue per piece growth outpaced cost per piece growth for a second consecutive quarter, contributing to 60 basis points of operating margin expansion.
International returned to year-over-year operating profit growth for the first time since the 2025 U.S. trade policy changes; management cited continued momentum on China–U.S. and Asia–Asia lanes and a September rebound in U.S. inbound volume.
Healthcare revenue topped $3 billion for a third consecutive quarter, with growth in every segment. SMBs, including platforms, were 35.1% of U.S. volume, up about 240 basis points year over year.
GAAP results included a $279 million net charge, or $0.32 per diluted share, including a $182 million goodwill impairment in Supply Chain Solutions.

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Vend Marketplaces ASA

VEND.OL Q3 2026

Reported: 2026-10-29

Vend delivered modest revenue growth alongside higher EBITDA and margins, while cost reductions are running ahead of plan. The stock was roughly flat after earnings (+0.4%), and Blocket’s recovery remains incomplete despite improving indicators.

Key takeaways

Q3 revenue was NOK 1,641 million, up 3% year-on-year and 6% in constant currency; the four verticals grew 11% in constant currency, partly offset by lower transition-service revenue.
EBITDA rose 11% to NOK 711 million, with the margin expanding by about three percentage points to 43%.
Vend now expects its 2026 cost base, excluding COGS, to decline by around NOK 250 million year-on-year, versus the NOK 150 million reduction indicated at Q2.
Blocket’s user satisfaction improved to 3.5 in September from 3.3 in June, but management said priorities including private-car supply and traffic still need work. Private car listings’ year-on-year decline narrowed to 5% in September.
Recommerce transacted GMV grew 17%; meanwhile, Vend’s second NOK 2 billion buyback tranche had reached around NOK 1.4 billion as of October 23.

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V.F. Corporation

VFC Q2 2027

Reported: 2026-10-29

V.F. delivered quarterly results above its own guidance and reaffirmed its full-year outlook; the stock rose 1.2%, a roughly flat reaction. Revenue growth remained modest at 1%, with Vans down 9% in the first half.

Key takeaways

Q2 revenue grew 1%, versus guidance for flat revenue. Operating income was $364 million, about $50 million above the company’s $315 million guidance.
Gross margin expanded nearly 300 basis points year over year to 55.4%; EPS was $0.70, up more than 40%.
Management reaffirmed FY2027 guidance and medium-term targets. It expects approximately 8% operating margin this year and 10% or more in FY2029.
The North Face, Timberland, and Altra continued to grow. Vans was broadly in line with expectations but down 9% in the first half.
The share of revenue from businesses that are growing reached 75%, up from 43% in fiscal 2024, including Dickies.

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Vertiv Holdings Co

VRT Q3 2026

Reported: 2026-10-29

Vertiv shares rose 16.5% after the company reported 61% year-over-year sales growth, expanded adjusted operating margin, and raised full-year guidance across key metrics. Q3 organic orders more than doubled year over year, while management cited supply, permitting, and labor availability as pacing items—not current constraints on growth.

Key takeaways

Net sales increased 61% year over year to a quarter total not specified in the transcript; organic sales grew approximately 55%, with acquisitions contributing another 6%.
Adjusted operating margin reached 25.2%, up 290 basis points year over year; adjusted operating profit rose 83% to more than $1 billion.
Adjusted diluted EPS was $2.21, up 78%; adjusted free cash flow rose 50% to $652 million.
Full-year sales guidance was raised to $14.7 billion, with adjusted diluted EPS at $7.15 and adjusted operating profit above $3.5 billion. Adjusted free cash flow guidance increased to $2.7 billion.
Q3 organic orders were up more than 100% year over year. Management flagged power availability, permitting, and skilled construction labor as pacing items, and said it would no longer share orders data going forward.

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W. P. Carey Inc.

WPC Q3 2026

Reported: 2026-10-29

W. P. Carey raised its AFFO growth outlook and modestly increased the low end of its investment-volume range, while keeping the full-year outlook measured amid higher interest rates and uncertainty around deal timing. Shares fell 0.7%, a roughly flat reaction.

Key takeaways

Year-to-date investments totaled approximately **$1.6 billion** at a **7.5% weighted-average initial cash cap rate**; recent and expected fourth-quarter deals are averaging in the mid-to-high 7s.
Full-year investment-volume guidance is now **$1.8 billion to $2.1 billion**. Management said deal timing is less predictable and reaching the top half depends on transactions closing on schedule.
**11 tenant projects** are underway, expected to add about **$325 million** to investment volume over the next 12 to 24 months; roughly **$95 million** is scheduled to deliver in the fourth quarter.
Management cited portfolio performance and rent escalations as support for AFFO growth, and said it reduced its outlook for rent loss for the rest of 2026.
For 2027, higher rates could slow transactions as seller expectations adjust, though the company expects ample funding sources and sees potential for more attractive cap rates if rates stay elevated.

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Wärtsilä Oyj Abp

WRT1V.HE Q3 2026

Reported: 2026-10-29

Wärtsilä shares fell 7.4% after the earnings release, despite sharp order growth and higher profitability. The transcript offers no explicit guidance cut, but service sales were flat and service order intake growth lagged equipment, while management noted fuel prices and postponed maintenance were weighing on some service activity.

Key takeaways

Q3 order intake rose 33% to €2.4bn; energy order intake increased 121%, while marine order intake was stable.
Net sales grew 7% to €1.5bn. Equipment sales rose 19%, but service sales declined 2% to €802m.
Comparable operating result increased 19% to €212m, lifting the margin to 14.2% from 12.8%; reported operating result rose 4% to €222m.
Service order intake grew 11% to €950m. Management cited higher fuel prices and postponed service activities as near-term pressures in some segments.
The order book reached a record €9.9bn, with rolling book-to-bill at 1.59; management said energy deliveries are building further out in time.

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Wartsila Oyj Abp

WRTBY Q3 2026

Reported: 2026-10-29

Wärtsilä shares fell 7.5% after earnings, despite higher orders and improving comparable profitability. The transcript points to a potential concern in services: service sales were flat overall and service order intake growth of 11% lagged equipment’s 53%, while fuel prices and delayed maintenance weighed on some service activity.

Key takeaways

Group order intake rose 33% to EUR 2.4bn; the order book reached a record EUR 9.9bn, with energy driving much of the increase.
Comparable operating result increased 19% to EUR 212m, and the comparable margin improved to 14.2% from 12.8%.
Net sales grew 7% to EUR 1.5bn. Equipment sales rose 19%, while service sales were flat overall and down 2% as reported.
Service order intake increased 11% to EUR 950m; management said higher fuel prices reduced short-term service spending in some segments and higher shipping rates led to postponed service activities.
Operating cash flow was EUR 583m.

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Zurn Elkay Water Solutions Corporation Common Stock

ZWS Q3 2026

Reported: 2026-10-29

Zurn Elkay shares fell 11.5% after earnings, with investors likely focused on management’s warning that broader economic conditions and parts of its end markets may not provide a tailwind in 2027. The quarter showed growth and margin expansion, but the cautious forward outlook appears to have outweighed those positives.

Key takeaways

Q3 sales were $1.095 billion, up 9% reported and 7% organically; growth landed at the high end of the company’s quarterly guide.
Adjusted EBITDA rose 15% to $140 million, and adjusted EBITDA margin expanded 150 basis points to 28.3%.
Intellihot contributed 2 percentage points, or $6 million, of sales growth; price added another 2 points, with the remainder from unit volume.
Year-to-date free cash flow was approximately $264 million, and the company said it remained on track for full-year free cash flow above $350 million.
CEO Todd Adams said broader economic conditions and parts of the company’s end markets did not look likely to be tailwinds in 2027.

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Earnings Recaps

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American Electric Power Company, Inc.

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BigBear.ai Holdings, Inc.

Baker Hughes Company

Banco Latinoamericano de Comercio Exterior, S.A

CMS Energy Corporation

Constellium SE

CTS Corporation

Dana Incorporated

HF Sinclair Corporation Common Stock

Elopak ASA

Essex Property Trust, Inc.

two

GE Vernova

Generac Holdings Inc.

Hilton Worldwide Holdings Inc.

Robinhood Markets Inc. Class A Common Stock

International Paper Company

IQVIA Holdings Inc.

Illinois Tool Works Inc.

Invesco Ltd.

Jones Lang LaSalle Incorporated

Lincoln Electric Holdings, Inc.

LPL Financial Holdings Inc.

Nautilus Biotechnology, Inc.

Novartis AG

The Navigator Company, S.A.

Old Dominion Freight Line, Inc.

Polaris Inc.

Perseus Mining Limited

PrairieSky Royalty Ltd.

Phillips 66

PayPal Holdings, Inc.

Royal Caribbean Group

Rambus Inc.

SK Hynix Inc. American Depositary Shares

Sundial Growers Inc.

Sensata Technologies Holding plc

STAG Industrial, Inc.

Smurfit Westrock Plc

TE Connectivity Ltd.

Ultra Clean Holdings, Inc.

United Parcel Service, Inc.

Vend Marketplaces ASA

V.F. Corporation

Vertiv Holdings Co

W. P. Carey Inc.

Wärtsilä Oyj Abp

Wartsila Oyj Abp

Zurn Elkay Water Solutions Corporation Common Stock

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