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ITT, the Connecticut-based manufacturer of engineered components, announced a 10% increase to its quarterly dividend on Thursday, raising the payout to 38.6 cents per share. The move underscores the company's current strategy of returning surplus capital to its investors.
Spectrum Brands reported a 3.3% decline in first-quarter net sales to $677 million, as a sharp downturn in its garden and personal care segments offset gains in its pet division. Despite the revenue dip, the consumer products giant outperformed analyst expectations and posted higher net income compared to the previous year.
ITT Inc. reported fourth-quarter earnings and revenue that exceeded Wall Street expectations, driven by robust demand across its industrial pump and defense segments. The Stamford, Connecticut-based manufacturer also issued an optimistic first-quarter forecast, signaling continued growth into the new fiscal year.
American Superconductor shares jumped in premarket trading after the company reported fiscal third-quarter revenue that exceeded analyst expectations and issued an optimistic forecast for the current period. The manufacturer, which produces specialized hardware for power grids and industrial applications, saw its stock rise 18% to $32.49 following the release of its December quarter results.
Eikon Therapeutics is scheduled to begin trading on the Nasdaq Global Select Market this Thursday following an upsized initial public offering that priced at the ceiling of its expected range. The Millbrae, California-based biopharmaceutical firm raised its offering to nearly 21.8 million shares at $18 each, signaling robust investor appetite for its clinical-stage pipeline.
Sirius XM reported a sharp decline in fourth-quarter net income as heavy restructuring charges offset a marginal rise in total revenue. While the satellite radio giant surpassed analyst expectations on the top line, its cautious 2026 outlook suggests a period of stagnation for the New York-based broadcaster.
Cemex SAB reported double-digit growth in sales and operating profit for the fourth quarter, even as a significant asset writedown pushed the Mexican cement giant into a quarterly net loss. The Monterrey-based company countered the bottom-line dip by proposing a sharp increase in dividends and a multi-year share buyback program.
Vestas Wind Systems shares fell Thursday after the Danish turbine manufacturer reported fourth-quarter earnings and revenue that trailed analyst expectations. Despite a robust outlook for 2026 and a new share buyback program, a slowdown in onshore turbine deliveries overshadowed gains in the offshore sector.
Intercontinental Exchange (ICE) on Thursday authorized an 8.3% increase to its quarterly dividend, raising the payout to 52 cents per share for the New York Stock Exchange parent.
CMS Energy announced Thursday that its board of directors has approved a 5.1% increase to its quarterly dividend, raising the payout to 57 cents per share as the Michigan-based utility continues its trend of returning capital to investors.
Bob’s Discount Furniture is set to begin trading on the New York Stock Exchange this Thursday after pricing its initial public offering at $17 per share, the bottom of its projected range. The Manchester, Connecticut-based retailer raised funds by selling 19.45 million shares, signaling a cautious but determined entry into the public markets.
Meituan has reached an agreement to acquire the Chinese operations of online grocer Dingdong for $717 million, a strategic move designed to consolidate its presence in the country’s competitive retail landscape. The deal, announced Thursday, targets Dingdong Fresh Holding while leaving the company’s international assets independent.
Ares Management reported a 20% revenue jump in the fourth quarter, reaching $1.5 billion, as the asset manager capitalized on what CEO Michael Arougheti described as robust investor demand. Despite the top-line growth and a significant expansion in assets under management, the firm’s net income saw a sharp year-over-year decline, missing analyst expectations on per-share earnings.
Barrick Gold is moving to spin off its premier North American gold mines into a standalone public entity, a strategic shift aimed at unlocking shareholder value and closing a persistent valuation gap. The Toronto-based miner expects to complete the initial public offering by late 2024, while maintaining a controlling interest in the new firm.
Calfrac Well Services has appointed Tyler Dahlseide as its new Chief Executive Officer, ending a months-long leadership vacuum at the Canadian oilfield services provider. Dahlseide, who joined the firm last year, succeeds Pat Powell and takes the helm effective immediately as the company looks to stabilize its executive suite.
Anglo American has lowered its production forecasts for copper and diamonds through 2026, citing a combination of declining ore grades and a persistent downturn in the luxury market. While the mining giant saw operational gains in its iron ore division, a sharp 35% drop in quarterly diamond output has prompted a formal impairment review of its De Beers unit.
Minneapolis-based Xcel Energy reported a sharp increase in fourth-quarter net income, meeting analyst expectations as the utility giant benefits from a nationwide boom in data center construction fueled by artificial intelligence.
Carrier Global shares tumbled 8% in premarket trading Thursday after the HVAC manufacturer reported a fourth-quarter sales miss and issued a cautious 2026 outlook. The company cited persistent challenges in the residential market and inventory adjustments by distributors in the Americas as primary drivers for the lackluster performance.
A&A Material Corp. reported a 32% surge in net profit for the nine months ended December 31, as steady revenue growth helped the Japanese industrial firm overcome a contraction in its operating margins.
Kanamic Network Co. Ltd. posted a significant rise in net profit for the first quarter ending December 31, as the Japanese healthcare software provider saw gains across all core financial metrics. Net income climbed to ¥305 million, up from ¥235 million in the prior-year period, driven by a steady expansion in revenue.
Tokyo-based consumer finance provider Jaccs Co. Ltd. reported a decline in net profit to ¥14.59 billion for the nine months ended December 31, even as the company saw a modest increase in total revenue.
Global equity markets showed mixed performance on Wednesday as investors braced for impending interest rate decisions from the European Central Bank and the Bank of England. While U.S. stock futures edged higher, European and Asian indices struggled for direction amid a sharp retreat in crude oil prices and shifting bond yields.
DBS Group Holdings is expected to report a slight decline in annual net profit to S$11.275 billion this Monday, as Singapore’s largest lender navigates a seasonal slowdown and shifting interest rate dynamics.
Hikma Pharmaceuticals shares fell sharply during early London trading on Thursday after Brookfield Private Capital confirmed it does not intend to pursue an acquisition of the FTSE 100-listed drugmaker.
TotalEnergies has secured two major power purchase agreements with Airbus to supply 3.3 TWh of renewable electricity to the aircraft manufacturer’s primary operations in Germany and the United Kingdom. Starting in 2027, the clean power solution will utilize a new 200 MW renewable portfolio to meet approximately half of the electricity demand across the targeted sites.
Kuaishou Technology has launched an upgraded version of its Kling AI video generator, introducing enhanced character realism and native multilingual audio capabilities to maintain its edge in the global generative media market.
Tokyo-based IT services provider Future Corp. (4722.TO) reported a double-digit increase in annual net profit for the fiscal year ending December 31, reaching ¥11.71 billion. The results, released under Japanese accounting standards, underscore a period of steady expansion for the firm as it scales its consulting and systems integration business.
Zeria Pharmaceutical Co. Ltd. reported a sharp decline in net profit to ¥5.55 billion for the nine months ended Dec. 31, down from ¥8.23 billion a year earlier, as the Japanese drugmaker grappled with stagnant revenue and shrinking margins.
Arisawa Manufacturing Co. Ltd. reported a nine-month net profit of ¥2.98 billion, representing a slight decrease from the previous year despite a significant uptick in top-line revenue. The Japanese manufacturer’s results for the period ending December 31 highlight a period of operational growth tempered by tightening pretax margins.
SIGMAXYZ Inc. (6088.TO) reported a resilient nine-month performance ending December 31, with net profit reaching 3.27 billion yen despite a year-on-year decline in total revenue. The Tokyo-listed consulting group saw its operational efficiency rise, effectively offsetting a contraction in the top line as it navigates a shifting Japanese professional services market.