Sarah Yerkes, the Senior Fellow at the Middle East Program at the Carnegie Endowment, says the US-Iran conflict may continue to play out over several months, while the fundamental strategic goals of the Trump administration remain unclear. (Source: Bloomberg)
Sarah Yerkes, the Senior Fellow at the Middle East Program at the Carnegie Endowment, says the US-Iran conflict may continue to play out over several months, while the fundamental strategic goals of the Trump administration remain unclear. (Source: Bloomberg)
Earnings Call Insights: Carlisle Companies Incorporated (CSL) Q1 2026 Management View "Revenue for the first quarter was $1.1 billion, down 4% year-over-year" and the decline was attributed to winter weather delays and "approximately $15 million of tariff-related order pull forward from Canadian customers, which did not repeat this year" (Chairman, President & CEO D. Koch). "Adjusted EPS rising to...
Earnings Call Insights: Carlisle Companies Incorporated (CSL) Q1 2026 Management View "Revenue for the first quarter was $1.1 billion, down 4% year-over-year" and the decline was attributed to winter weather delays and "approximately $15 million of tariff-related order pull forward from Canadian customers, which did not repeat this year" (Chairman, President & CEO D. Koch). "Adjusted EPS rising to $3.63, up 1% versus last year" and "adjusted EBITDA margin expanding by 50 basis points to 22.3%" were presented as outcomes of multi-quarter productivity and cost actions under COS despite pressured volumes (Chairman, President & CEO Koch). "We acted quickly in mid-March announcing price increases across both CCM and CWT effective mid-April and implementing real-time freight surcharges" and "announced a second round of price increases at CCM today" amid oil-driven input and freight volatility (Chairman, President & CEO Koch). "We are reaffirming our full year 2026 outlook of low single-digit revenue growth and approximately 50 basis points of adjusted EBITDA margin expansion" (Chairman, President & CEO Koch). "Adjusted EBITDA was $235 million in the quarter" and the margin improvement was tied to "COS-driven productivity gains, procurement discipline and efficient management of selling and administrative costs" (VP & CFO Kevin Zdimal). Outlook "We are reaffirming our 2026 outlook" with "full year consolidated revenue growth in the low single-digit range" and "consolidated adjusted EBITDA margins to expand by approximately 50 basis points for the full year" (VP & CFO Zdimal). Management shifted its revenue-growth positioning within the range: "with our recent price increase announcements, we now expect revenue growth at the higher end of that range, along with double-digit growth for EPS" (VP & CFO Zdimal). The pricing-led mix of the higher revenue assumption was described as: moving from "probably 1%" to "3%" and "all of that improvement is price" (VP & CFO Zdimal). Finan...
Earnings Call Insights: SS&C Technologies (SSNC) Q1 2026 Management View "The first quarter of 2026 included a war in Iran, tariffs war, spiking oil prices and other macro headwinds. Nevertheless, we delivered strong first quarter results, underscoring SS&C's resilience." (Founder, Chairman of the Board & CEO Bill Stone) "Based on our performance and visibility today, we are raising 2026 guidance....
Earnings Call Insights: SS&C Technologies (SSNC) Q1 2026 Management View "The first quarter of 2026 included a war in Iran, tariffs war, spiking oil prices and other macro headwinds. Nevertheless, we delivered strong first quarter results, underscoring SS&C's resilience." (Founder, Chairman of the Board & CEO Bill Stone) "Based on our performance and visibility today, we are raising 2026 guidance." (CEO Stone) "First quarter results were adjusted revenue of $1.648 billion, up 9% and adjusted diluted earnings per share of $1.69, a 14% increase." (CEO Stone) "Adjusted organic revenue growth was 5%, with performance driven by GIDS, which grew 10.4%, GlobeOp, which grew 6.7% and our recent acquisitions are executing ahead of expectations." (CEO Stone) "Next week, SS&C will launch Blue Prism WorkHQ, our Agentic workflow orchestration platform designed to coordinate automation, AI agents and human decision-making across enterprise workflows." (CEO Stone) "As a result, adjusted organic revenue growth on a constant currency basis was 5% and our core expenses increased 2.9% or $27 million." (Executive VP & CFO Brian Schell) "We estimate that software, largely in the form of subscriptions, represents 11% of this category." (President & COO Rahul Kanwar) Outlook Q2 2026 adjusted diluted EPS of $1.64-$1.70 vs. $1.66; Q2 2026 revenue of $1.64B-$1.68B vs. $1.652B (company guidance vs. analysts’ estimates) Full-year 2026 adjusted diluted EPS of $6.74-$7.06; full-year 2026 revenue of $6.664B-$6.824B; and "maintaining our targeted annual EBITDA expansion of 50 basis points with a goal of 40% margin in Q4." (CFO Schell) "Second quarter of '26, we expect revenue to be in the range of $1.64 billion to $1.68 billion and 5.6% organic revenue growth at the midpoint." (CFO Schell) Compared with Q4 2025 guidance language, management shifted from "we expect" full-year 2026 revenue of "$6.654 billion" (low end) to "we increased our expectations" to "$6.664 billion" (low end). (CFO Schell, Q4 ...
Earnings Call Insights: SLM Corporation (SLM) Q1 2026 Management view "Our performance in the quarter was strong... Diluted EPS in the first quarter was $1.54 per share as compared to $1.40 in the year ago quarter. Loan originations were $2.9 billion, up 5% from the prior year quarter." (CEO & Director Jonathan Witter) "This performance precedes the expected multiyear growth in both undergrad and ...
Earnings Call Insights: SLM Corporation (SLM) Q1 2026 Management view "Our performance in the quarter was strong... Diluted EPS in the first quarter was $1.54 per share as compared to $1.40 in the year ago quarter. Loan originations were $2.9 billion, up 5% from the prior year quarter." (CEO & Director Jonathan Witter) "This performance precedes the expected multiyear growth in both undergrad and graduate lending tied to federal reforms, which we believe could increase our originations by up to 70% over the next several years." (CEO & Director Witter) "Net charge-offs and delinquencies were consistent with or slightly better than our expectations." (CEO & Director Witter) "Net charge-offs were $89 million." (CEO & Director Witter) "We executed a $2 billion seasoned loan portfolio sale during the quarter, coupled with a planned 10b5-1 share repurchase plan and also launched a $200 million ASR." (CEO & Director Witter) "During the first quarter, we executed $3.3 billion in loan sales, generating $146 million in gains at attractive economics." (Executive VP, CFO & Treasurer Peter Graham) "Year-to-date, we have repurchased approximately 12 million shares, 6% of the outstanding shares at the end of 2025, at an average price of $21.50 per share." (Executive VP, CFO & Treasurer Graham) Outlook "We expect our diluted earnings per common share for 2026 to be between $3.10 and $3.20." (CEO & Director Witter) "This revised outlook assumes the full utilization of our $500 million share repurchase authorization and roughly $1 billion of incremental loan sales beyond our initial plan." (CEO & Director Witter) "At the same time, we are reaffirming all other elements of our 2026 outlook, including originations growth, net charge-offs and noninterest expense metrics." (CEO & Director Witter) Compared with the prior quarter’s guidance, management raised 2026 EPS from "between $2.70 and $2.80 in 2026" (CEO & Director Witter, Q4 2025 call) to "between $3.10 and $3.20" (CEO & Director W...
(RTTNews) - The China stock market on Thursday ended the three-day winning streak in which it had picked up more than 55 points or 1.3 percent. The Shanghai Composite Index now sits just above the 4,090-point plateau and it's tipped to open under water again on Friday.
(RTTNews) - The China stock market on Thursday ended the three-day winning streak in which it had picked up more than 55 points or 1.3 percent. The Shanghai Composite Index now sits just above the 4,090-point plateau and it's tipped to open under water again on Friday.
Shares of Applied Digital (NASDAQ: APLD) spiked on Thursday after the data center designer struck a lucrative deal with a cloud computing giant. Image source: Getty Images. Applied Digital entered a 15-year lease with an unnamed U.S.-based hyperscaler at its 500-acre, 430-megawatt (MW) artificial intelligence ( AI ) factory, Delta Forge 1. Continue reading
Shares of Applied Digital (NASDAQ: APLD) spiked on Thursday after the data center designer struck a lucrative deal with a cloud computing giant. Image source: Getty Images. Applied Digital entered a 15-year lease with an unnamed U.S.-based hyperscaler at its 500-acre, 430-megawatt (MW) artificial intelligence ( AI ) factory, Delta Forge 1. Continue reading
US report warns it could take six months to clear strait of mines as Trump declares ‘total control’ over key waterway – key US politics stories from Thursday 23 April at a glance Donald Trump has again said that the US has “total control over the strait of Hormuz”, adding that Iran’s leadership was so hobbled by infighting that it was unclear who was in charge. But the US president’s claim seemed ...
US report warns it could take six months to clear strait of mines as Trump declares ‘total control’ over key waterway – key US politics stories from Thursday 23 April at a glance Donald Trump has again said that the US has “total control over the strait of Hormuz”, adding that Iran’s leadership was so hobbled by infighting that it was unclear who was in charge. But the US president’s claim seemed questionable in the face of the seizure of two container ships by Iranian commandos and a US report warning it could take six months to clear the strait of mines. Continue reading...
A Shanghai grandmother has been nicknamed the “telephone booth princess” for persisting in her post as a public phone booth manager for 33 years. Shen Yuxiu, who is in her 80s, manages the city’s last staffed booth. She looks after two very old landline phones. Everyday she arrives at 9am and stays until 8pm. Despite the fact that the booth is located on Fuzhou Road, which connects Shanghai’s two ...
A Shanghai grandmother has been nicknamed the “telephone booth princess” for persisting in her post as a public phone booth manager for 33 years. Shen Yuxiu, who is in her 80s, manages the city’s last staffed booth. She looks after two very old landline phones. Everyday she arrives at 9am and stays until 8pm. Despite the fact that the booth is located on Fuzhou Road, which connects Shanghai’s two hottest tourist spots, The Bund and People’s Square, Shen said that she only earns two yuan (3 US...
India’s rupee is “fundamentally undervalued,” the country’s chief economic adviser said, adding that current levels could draw investors. “For long-term investors, the rupee’s current valuation provides an attractive entry point,” V. Anantha Nageswaran said in an interview Thursday. The rupee has been under pressure this week, with Brent above $100 a barrel. The currency has given up much of the g...
India’s rupee is “fundamentally undervalued,” the country’s chief economic adviser said, adding that current levels could draw investors. “For long-term investors, the rupee’s current valuation provides an attractive entry point,” V. Anantha Nageswaran said in an interview Thursday. The rupee has been under pressure this week, with Brent above $100 a barrel. The currency has given up much of the gains fueled by the central bank’s recent measures to curb speculative arbitrage bets that had pushed the rupee to record lows last month, as tensions in the Middle East kept vital energy supplies constrained. It fell 0.3% to 94.1113 per dollar on Thursday. The rupee is Asia’s worst-performing currency so far in 2026, extending last year’s decline, as the Middle East conflict clouds growth outlook for a country heavily reliant on energy imports from the region. Large foreign outflows from equities — which at one point early this month surpassed last year’s record $18.79 billion annual exit — have worsened the currency’s slide. Despite the rising uncertainty, government officials have maintained a relatively upbeat growth outlook. Reserve Bank of India Governor Sanjay Malhotra said this month he is “ cautiously optimistic ” growth will reach 6.9% in the current financial year, even as some economists have lowered their forecast since the war began.