Earnings Call Insights: HNI Corporation (HNI) Q1 2026 Management View "The takeaway from today's call is we expect a strong year in 2026 with the fifth straight year of double-digit earnings improvement and modest revenue growth in both segments" (Chairman of the Board, President & CEO Jeffrey Lorenger). "In our legacy Workplace Furnishings businesses, first quarter net sales were down about 5% ye...
Earnings Call Insights: HNI Corporation (HNI) Q1 2026 Management View "The takeaway from today's call is we expect a strong year in 2026 with the fifth straight year of double-digit earnings improvement and modest revenue growth in both segments" (Chairman of the Board, President & CEO Jeffrey Lorenger). "In our legacy Workplace Furnishings businesses, first quarter net sales were down about 5% year-over-year on an organic basis" and "we saw organic segment orders turn positive in March with additional acceleration thus far in the second quarter" (Chairman of the Board, President & CEO Lorenger). "It is important to note the integration of Steelcase is going well. Synergy capture and accretion are on track" and "we remain confident in our projected total synergy-driven accretion of $1.20 when fully mature" (Chairman of the Board, President & CEO Lorenger). "In Residential Building Products, revenue increased more than 2% versus prior year period" and "our remodel retrofit revenue was up 13% on a year-over-year basis" (Chairman of the Board, President & CEO Lorenger). "On a GAAP basis, diluted EPS from continuing operations totaled $0.55" and "on a non-GAAP basis, diluted EPS totaled $0.34" (Executive VP & CFO Vincent Berger). Outlook "Looking ahead, we expect second quarter 2026 net sales in the legacy Workplace Furnishings to increase at a low single-digit rate year-over-year" and "in Residential Building Products, second quarter 2026 net sales are expected to decrease at a low single-digit rate compared to the same period in 2025" (Executive VP & CFO Berger). "Non-GAAP diluted earnings per share in the second quarter of 2026 are expected to decline modestly from 2025 levels" and "the year-over-year non-GAAP earnings pressure is expected to be driven by lower organic volume and continued investment" (Executive VP & CFO Berger). "Our outlook for 2026 full year earnings reflects expectations for mid-teens percent non-GAAP EPS growth from 2025 full year of $3.53" and ...
Microsoft revealed last month that it's planning to offer long-serving employees in the US the ability to voluntarily retire . While the terms of the buyout were supposed to be announced to employees tomorrow, sources at Microsoft tell me the company has posted them on its internal HR website a little earlier than expected. US employees whose combined years of service added to their age totals 70 ...
Microsoft revealed last month that it's planning to offer long-serving employees in the US the ability to voluntarily retire . While the terms of the buyout were supposed to be announced to employees tomorrow, sources at Microsoft tell me the company has posted them on its internal HR website a little earlier than expected. US employees whose combined years of service added to their age totals 70 or more will be eligible for voluntary retirement, and the package will include five years of access to Microsoft's healthcare coverage, a lump sum cash severance payment, and six months of vesting for unvested stock options. The five years of medi … Read the full story at The Verge.
Earnings Call Insights: Medline (MDLN) Q1 2026 Management View “We started the year with 11% top line growth in the first quarter, powered by 1 of our strongest quarters ever in Supply Chain Solutions.” (CEO & Director James Boyle) “Adjusted EBITDA was $776 million, 11% decline versus prior year, reflecting robust sales that were more than offset by anticipated higher cost of goods sold including ...
Earnings Call Insights: Medline (MDLN) Q1 2026 Management View “We started the year with 11% top line growth in the first quarter, powered by 1 of our strongest quarters ever in Supply Chain Solutions.” (CEO & Director James Boyle) “Adjusted EBITDA was $776 million, 11% decline versus prior year, reflecting robust sales that were more than offset by anticipated higher cost of goods sold including incremental tariffs and continued operational investments.” (CEO & Director Boyle) “I’m excited to announce that we have partnered with MMC or Mohawk Medbuy Corporation... selected to serve as their Prime Vendor for 9 acute member hospitals in Southwestern Ontario... starting implementation in the second half of 2026.” (CEO & Director Boyle) “We announced our partnership with Symbotic... expect to begin piloting this technology next year at our Ohio distribution center with the goal of increasing throughput and scalability.” (CEO & Director Boyle) “In Q1, we added several customers to the pilot, reaching 10 in total... We aim to expand the rollout in Q2 and offer Mpower to most acute care customers by year-end.” (CEO & Director Boyle) “We had a strong start to the year with the first quarter net sales of $7.4 billion, up 11% versus prior year.” (Chief Financial Officer Michael Drazin) Outlook “We are now raising our full year 2026 organic sales growth guidance to a range of 8.5% to 9.5% from our previous range of 8% to 9%.” (CFO Drazin) “We are maintaining our full year adjusted EBITDA guidance of $3.5 billion to $3.6 billion.” (CFO Drazin) “We expect to generate some favorability from the lower tariff rate, offset by continued investments... and headwinds from rising oil prices due to the Middle East conflict.” (CFO Drazin) “We have assumed that the current 10% tariff rate will expire midyear and then return to the higher rates we experienced prior to the Supreme Court IEEPA decision.” (CFO Drazin) Financial Results “The Medline Brand segment delivered $3.5 billion of net ...
Presenting himself as a serious, sensible ‘grownup’ was essential to Starmer’s rise to power. His premiership has revealed how hollow that message is Some big questions will be asked this weekend – about how Labour fell so far so fast, about when Keir Starmer goes and who takes his place – but at least one big thing will be clear: never entrust your country to people who keep insisting they’re gro...
Presenting himself as a serious, sensible ‘grownup’ was essential to Starmer’s rise to power. His premiership has revealed how hollow that message is Some big questions will be asked this weekend – about how Labour fell so far so fast, about when Keir Starmer goes and who takes his place – but at least one big thing will be clear: never entrust your country to people who keep insisting they’re grown up. Think back to 2024 and the birth of Starmer’s government. “The adults are back in the room,” exulted Darren Jones as Labour went marching into Downing Street. Having chopped the party’s largest pledges into little pieces (Goodbye, Green New Deal! Farewell, securonomics!), the single greatest qualification Starmer, Jones and co had for office was not policy, but vibes. After a decade of blue-on-blue fighting and a string of gap-year prime ministers, all the reds had to be was serious, sensible, businesslike. Labour would own the mien of production. Aditya Chakrabortty is a Guardian columnist Do you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for publication in our letters section, please click here . Continue reading...
Key PointsBrooktree Capital Management bought 46,129 shares of Wix.com in Q1 2026, with an estimated transaction value of $3.86 million based on average Q1 pricing.
Key PointsBrooktree Capital Management bought 46,129 shares of Wix.com in Q1 2026, with an estimated transaction value of $3.86 million based on average Q1 pricing.
JHVEPhoto Pitney Bowes ( PBI ) has received interest in a potential sale or take-private offer as the company enters the second stage of a review of its business. The interest comes after the mailing and shipping services firm last May said it would start a strategic review after naming Kurt Wolf, the head of activist fund Hestia Capital Management, as its CEO. “We have had inbound interest,” Wolf...
JHVEPhoto Pitney Bowes ( PBI ) has received interest in a potential sale or take-private offer as the company enters the second stage of a review of its business. The interest comes after the mailing and shipping services firm last May said it would start a strategic review after naming Kurt Wolf, the head of activist fund Hestia Capital Management, as its CEO. “We have had inbound interest,” Wolf said Wednesday in a Bloomberg TV interview. “As you can imagine, there’s interest from taking private. But we’re going to do whatever’s best for shareholders.” Shares of Pitney Bowes ( PBI ) fell 6.8% after reporting Q1 results on Tuesday. Wolf said on the company's earnings conference call that the firm has started interviewing advisors for the second stage of its strategic review. “We're evaluating: is it appropriate to sell? Is it appropriate for us to expand into new areas? Some of the outreach has been tied to strategic partnerships. So there’s a whole host of opportunities that exist for us,” Wolf told Bloomberg. More on Pitney Bowes Pitney Bowes Inc. (PBI) Q1 2026 Earnings Call Transcript Pitney Bowes: Reviewing The Validity Of The Bounce Pitney Bowes Moves From Hold To Buy On Stronger Fundamentals (Rating Upgrade) Pitney Bowes targets net debt to EBITDA around 3x while planning to pay off the '27s within months Pitney Bowes Q1 2026 Earnings Preview
SpaceX's plan to go public will reportedly give CEO Elon Musk "virtually unchecked executive authority" and limit the rights of shareholders to sue the company. The plan, reported by Reuters today, could prevent shareholder lawsuits like the one that held up a lucrative Musk pay package at Tesla. "Excerpts of SpaceX's IPO registration statement reviewed by Reuters show the company is combining sup...
SpaceX's plan to go public will reportedly give CEO Elon Musk "virtually unchecked executive authority" and limit the rights of shareholders to sue the company. The plan, reported by Reuters today, could prevent shareholder lawsuits like the one that held up a lucrative Musk pay package at Tesla. "Excerpts of SpaceX's IPO registration statement reviewed by Reuters show the company is combining supervoting shares, mandatory arbitration, stricter rules on shareholder proposals and Texas corporate law to give Musk and other insiders broad control," Reuters wrote. "At the same time, it sharply limits investors' ability to challenge management, sue in court and force votes on governance issues." Reuters said the policies "will erode typical shareholder protections in unprecedented ways," and "the only person who can fire Musk is Musk, who will retain majority control through supervoting shares." Read full article Comments
Fasai Budkaew/iStock via Getty Images This article updates my review of January 2025 in light of current holdings and recent performance. XSMO Strategy Invesco S&P SmallCap Momentum ETF ( XSMO ) was launched on 03/03/2005 and tracks the S&P SmallCap 600 Momentum Index. XSMO has a portfolio of 113 stocks, a 30-day SEC yield of 0.53%, and a net expense ratio of 0.36%. As described by Invesco , the m...
Fasai Budkaew/iStock via Getty Images This article updates my review of January 2025 in light of current holdings and recent performance. XSMO Strategy Invesco S&P SmallCap Momentum ETF ( XSMO ) was launched on 03/03/2005 and tracks the S&P SmallCap 600 Momentum Index. XSMO has a portfolio of 113 stocks, a 30-day SEC yield of 0.53%, and a net expense ratio of 0.36%. As described by Invesco , the methodology starts from the SmallCap 600 Index, whose constituents receive a momentum score based on 12-month price return, excluding the most recent month and adjusted for volatility. Approximately 120 stocks with the highest score are included in the underlying index. Weights are calculated by multiplying market capitalization and momentum score, with constituent and sector constraints. The index is reconstituted semi-annually in March and September. The portfolio turnover rate was 115% in the most recent fiscal year and 107% in the previous year. This article will use as a benchmark the parent index S&P SmallCap 600, represented by iShares Core S&P Small-Cap ETF ( IJR ). Portfolio XSMO is exclusively invested in U.S. companies, with significant exposure in industrials (23.7%) and technology (18.1%). Other sectors are below 14%. Compared to the benchmark, the fund overweights the top two sectors, while it mostly downplays financials and consumer discretionary. XSMO sector breakdown (Chart: author; data: Invesco, iShares.) Company-specific risk is moderate. The top 10 holdings, listed in the next table, represent 26.5% of asset value, and the largest position weighs 4%. Ticker Name Weight VIAV Viavi Solutions Inc. 4.04% PRIM Primoris Services Corp. 3.40% VSAT Viasat, Inc. 3.39% ESE ESCO Technologies Inc. 2.77% SANM Sanmina Corp. 2.52% FORM FormFactor, Inc. 2.34% POWL Powell Industries, Inc. 2.15% KRYS Krystal Biotech, Inc. 2.04% MYRG MYR Group Inc. 1.94% INDV Indivior Pharmaceuticals, Inc. 1.88% Click to enlarge Fundamentals Although XSMO is classified by Morningstar in the...
Aurora Innovation (NASDAQ: AUR) stock took off today after the driverless vehicle technology company announced a new partnership with a Berkshire Hathaway subsidiary. Aurora and Berkshire-owned McClane Company announced an arrangement to commence autonomous deliveries in Texas, utilizing an Aurora self-driving system initially being implemented in long-haul trucking. It expands on a prior pilot pr...
Aurora Innovation (NASDAQ: AUR) stock took off today after the driverless vehicle technology company announced a new partnership with a Berkshire Hathaway subsidiary. Aurora and Berkshire-owned McClane Company announced an arrangement to commence autonomous deliveries in Texas, utilizing an Aurora self-driving system initially being implemented in long-haul trucking. It expands on a prior pilot program, and it sent Aurora shares higher by 11% today, as of 12:45 p.m. ET. Continue reading
Lumentum Holdings just saw its modeled fair value estimate move from US$773.35 to US$904.89, a change of about 17% that puts a brighter spotlight on where analysts think the stock might be heading over the long term. That shift is coming alongside fresh Street research, higher price targets from several firms, and renewed attention on the company after new customer commitments and sector updates. ...
Lumentum Holdings just saw its modeled fair value estimate move from US$773.35 to US$904.89, a change of about 17% that puts a brighter spotlight on where analysts think the stock might be heading over the long term. That shift is coming alongside fresh Street research, higher price targets from several firms, and renewed attention on the company after new customer commitments and sector updates. In the sections that follow, you will see how this evolving narrative is taking shape and what to...
The Josh D'Amaro era is off to an encouraging start. Shares of Walt Disney (NYSE: DIS) opened higher on Wednesday after the leisure and media giant posted better-than-expected results for its fiscal second quarter. It was D'Amaro's first earnings season as Disney's new CEO, but it's only fair to point out that he was only at the helm for the final two weeks of the quarter itself. D'Amaro has had a...
The Josh D'Amaro era is off to an encouraging start. Shares of Walt Disney (NYSE: DIS) opened higher on Wednesday after the leisure and media giant posted better-than-expected results for its fiscal second quarter. It was D'Amaro's first earnings season as Disney's new CEO, but it's only fair to point out that he was only at the helm for the final two weeks of the quarter itself. D'Amaro has had a needle-moving leadership position for years, so he certainly deserves the victory lap even if he was promoted on the final day of the fiscal period. However, this report would be more critical of what Disney sees going forward than of what happened in the past. D'Amaro aced that test, too. Image source: Disney. Continue reading
CrowdStrike recently launched Falcon OverWatch for Defender, extending its managed threat hunting to Microsoft Defender customers, while also deepening AI integrations and expanding its Project QuiltWorks coalition to address emerging AI-driven vulnerabilities across enterprise environments. By pairing adversary-intelligence-driven hunting, frontier AI models like Claude Opus 4.7, and new offensiv...
CrowdStrike recently launched Falcon OverWatch for Defender, extending its managed threat hunting to Microsoft Defender customers, while also deepening AI integrations and expanding its Project QuiltWorks coalition to address emerging AI-driven vulnerabilities across enterprise environments. By pairing adversary-intelligence-driven hunting, frontier AI models like Claude Opus 4.7, and new offensive-testing partners such as Armadin, CrowdStrike is positioning its Falcon platform as a central...