Tomas Babkauskas/iStock via Getty Images Mueller Industries ( MLI ) recently reported its Q1 numbers, which were received very well; however, I have some doubts regarding the short-term outlook, which can muddy the performance of any company involved in any way, shape, or form within the volatile mortgage industry due to the current conflict between the US and Iran. By the Numbers Looking at the t...
Tomas Babkauskas/iStock via Getty Images Mueller Industries ( MLI ) recently reported its Q1 numbers, which were received very well; however, I have some doubts regarding the short-term outlook, which can muddy the performance of any company involved in any way, shape, or form within the volatile mortgage industry due to the current conflict between the US and Iran. By the Numbers Looking at the top-line performance, net sales came in at $1.19B, up 19% y/y, a fantastic performance. If we look a little closer, we will see that the best performer of the bunch was Industrial Metals, growing to $321.3m, up 27.6%, followed by Piping Systems, with a growth of almost 19% y/y, coming in at $760.5m, and then Climate, which came in essentially flat, at $123.7m. The revenue increase was mainly price-led. The management said that the improved sales across the industrial, electrical, and commercial markets stem from higher raw material costs. The company clearly benefited from a favorable combination of copper pricing and end-market strength, leading to a very good top-line performance. Let’s take a look at the company’s latest margin profile. Q1 diluted EPS increased to $2.16 vs. $1.39 at the same time last year. Looking at the individual segments’ profitability, we can see that the Piping systems’ operating income increased to $217m, up 37.2%. Industrial metals increased 47.2% to $44.3m, and Climate disappoints yet again with a -6.3% change y/y to $33.4m. Overall operating margin came in at 26.2%, up 560bps from a year ago. At first glance, the improvements are fantastic in terms of profitability; however, if we look at the 8-K, we will see that this quarter, the company recorded a one-time gain on the sale of business for approximately $41.4m. Without it, operating margins still improved around 200bps, but not as impressively. The company sold its Sherwood Valve business. MLI 8-K Now, let’s take a look at the company’s financial position. MLI finished the first quarter with a...
(RTTNews) - Stocks are likely to move to the upside in early trading on Wednesday, regaining ground following the pullback seen over the two previous sessions. The major index futures are currently pointing to a higher open for the markets, with the S&P 500 futures up by 0.6 perc
(RTTNews) - Stocks are likely to move to the upside in early trading on Wednesday, regaining ground following the pullback seen over the two previous sessions. The major index futures are currently pointing to a higher open for the markets, with the S&P 500 futures up by 0.6 perc
Sundry Photography/iStock Editorial via Getty Images As we head into the Q1 earnings season, one group of stocks is flying high and powering the S&P 500's return to all-time highs: infrastructure and hardware stocks that are responsible for fueling the data center boom. In general, I'm skeptical of the large premiums commanded by most of the chip sector, such as Western Digital ( WDC ) and Sandisk...
Sundry Photography/iStock Editorial via Getty Images As we head into the Q1 earnings season, one group of stocks is flying high and powering the S&P 500's return to all-time highs: infrastructure and hardware stocks that are responsible for fueling the data center boom. In general, I'm skeptical of the large premiums commanded by most of the chip sector, such as Western Digital ( WDC ) and Sandisk ( SNDK ). Investors are putting huge premiums on these memory stocks at the exact time that their supply is constrained, but once the demand burst passes, there's a lot of competition to absorb orders and put downward pressure on pricing. This is less true of Arista ( ANET ), now the undisputed leader in networking hardware that has been steadily chipping away at the market share of its main competitor, Cisco ( CSCO ). Arista's fierce revenue growth is increasingly making the networking industry look like a one-sided market, and this is fueling the stock's ~30% surge this year. Still, the question for cautious investors is, can Arista keep rallying and justifying its premium multiples? Data by YCharts I last wrote a buy article on Arista in December, when the stock was trading near $130 per share. I'll cut to the chase here: I've grappled with whether to take an already handsome profit on this trade or let it keep running, but ultimately I'm staying firm and reiterating my buy rating on this name. The next major catalyst for Arista is its Q1 earnings release, expected on May 5, and I expect this to be a major positive catalyst for the stock, especially against the backdrop of increased data center capex news. Q1 look-ahead: expect healthy AI demand to fuel further outlook optimism First, let's get a good grounding on what Arista is expecting for both Q1 and for FY26 and lay out all the reasons why even this forecast may be conservative. For FY26, Arista has already raised its full-year revenue growth outlook to 25% y/y growth, a full five points higher than its previous 20...
Alpha Compute ( ALP ) has inked a binding term sheet for a $31.9M non-recourse loan facility secured by B300 Nvidia ( NVDA ) graphics processing units (GPUs). The transaction marks the company's strategy to scale its AI compute capabilities while optimizing its capital structure, it said. Proceeds from the facility are expected to be used for AI infrastructure/data center expansion/networking, sup...
Alpha Compute ( ALP ) has inked a binding term sheet for a $31.9M non-recourse loan facility secured by B300 Nvidia ( NVDA ) graphics processing units (GPUs). The transaction marks the company's strategy to scale its AI compute capabilities while optimizing its capital structure, it said. Proceeds from the facility are expected to be used for AI infrastructure/data center expansion/networking, supporting Alpha Compute's long-term growth initiatives. ALP +18.18% premarket to $0.33. Source: Press Release More on Portage Biotech Seeking Alpha’s Quant Rating on Portage Biotech Historical earnings data for Portage Biotech Financial information for Portage Biotech
Investing.com -- Alphabet (NASDAQ:GOOGL) shares rose 1.7% Wednesday following the company’s announcement of new artificial intelligence infrastructure and partnerships at its Cloud Next ’26 conference.
Investing.com -- Alphabet (NASDAQ:GOOGL) shares rose 1.7% Wednesday following the company’s announcement of new artificial intelligence infrastructure and partnerships at its Cloud Next ’26 conference.
Kopin (KPON) announced on Wednesday a $3.2M initial order for its new optical module, marking its entry into the fast-growing FPV drone market. The deal has scale potential, with deliveries of up to 40K FPV goggles by 2028. Its new Sentinel FPV tech enables dual situational awareness (see drone feed + surroundings), making it a high-value defense-focused upgrade. The company is increasing producti...
Kopin (KPON) announced on Wednesday a $3.2M initial order for its new optical module, marking its entry into the fast-growing FPV drone market. The deal has scale potential, with deliveries of up to 40K FPV goggles by 2028. Its new Sentinel FPV tech enables dual situational awareness (see drone feed + surroundings), making it a high-value defense-focused upgrade. The company is increasing production and looking for more partnerships, pointing to future growth potential. The stock is trading ~6.67% higher at ~$3.04 in premarket trading. Source: Press Release More on Kopin Kopin Corporation (KOPN) Q4 2025 Earnings Call Transcript Kopin: Speculative Upside Could Require More Catalyst Kopin outlines $52M–$60M revenue target for 2026 amid strategic partnerships and defense market expansion Kopin reports Q4 results Seeking Alpha’s Quant Rating on Kopin
nattapon1975/iStock via Getty Images South Korea’s Hyundai Heavy Industries and Singapore’s ST Engineering are among six contenders competing for a $530 million Thai navy contract to deliver an advanced frigate as Bangkok moves to bolster maritime security. Thailand’s Royal Thai Navy also received bids from South Korea’s Hanwha Ocean, Spain’s Navantia and Turkish shipbuilders Asfat and Tais Shipya...
nattapon1975/iStock via Getty Images South Korea’s Hyundai Heavy Industries and Singapore’s ST Engineering are among six contenders competing for a $530 million Thai navy contract to deliver an advanced frigate as Bangkok moves to bolster maritime security. Thailand’s Royal Thai Navy also received bids from South Korea’s Hanwha Ocean, Spain’s Navantia and Turkish shipbuilders Asfat and Tais Shipyards, navy spokesman Paraj Ratanajaipan said. Five other companies that had been invited chose not to submit proposals. A navy-appointed committee will evaluate the offers over the next month, reviewing bidder qualifications, technical capabilities, industrial offset commitments and pricing, Paraj said. The procurement forms part of Thailand’s broader military modernization drive as the country upgrades aging equipment and responds to rising strategic competition in the region. In addition to expanding its frigate fleet, Thailand has ordered a submarine from China and recently selected Saab’s Gripen fighter jets. The Thai navy has said it wants to increase its number of frigates to eight by 2037 from four currently in service. Officials have described the expansion as critical to improving anti-surface and anti-submarine warfare capabilities. Thailand has also required the winning bidder to carry out at least 20% of construction work domestically, reflecting efforts to build local industrial capacity alongside defense readiness. More on WisdomTree Asia Defense Fund ETF Dividend scorecard for WisdomTree Asia Defense Fund ETF
(RTTNews) - Aerospace major Boeing Co. (BA) reported on Wednesday a net loss for the first quarter that narrowed from last year, reflecting a 14 percent revenue growth amid higher commercial delivery volumes, improved operational performance, and favorable order timing.
(RTTNews) - Aerospace major Boeing Co. (BA) reported on Wednesday a net loss for the first quarter that narrowed from last year, reflecting a 14 percent revenue growth amid higher commercial delivery volumes, improved operational performance, and favorable order timing.
Anne Czichos AT&T ( T ) is trading defensively into Wednesday’s open as a decline in legacy revenue and pressure on free cash flow overshadowed gains in internet and postpaid phone revenue. The results also showed a greater tendency of customers to bundle their internet and wireless services. When accounting for the addition of fiber customers through its acquisition of Lumen Technologies’ ( LUMN ...
Anne Czichos AT&T ( T ) is trading defensively into Wednesday’s open as a decline in legacy revenue and pressure on free cash flow overshadowed gains in internet and postpaid phone revenue. The results also showed a greater tendency of customers to bundle their internet and wireless services. When accounting for the addition of fiber customers through its acquisition of Lumen Technologies’ ( LUMN ) fiber business, the company saw 45% of its home internet subscribers choose AT&T ( T ) wireless services. For the first quarter , AT&T ( T ) earned an adjusted profit of $0.57 per share, less than what the company earned a year ago but 2 cents better than expectations. On the company’s top-line, however, operating revenue increased 2.9% to a better-than-expected $31.5B, reflecting higher advanced connectivity wireless and fiber revenue During the quarter, AT&T ( T ) added 158K retail wireless subscribers and 294K postpaid phone customers, beating +272K estimates and resulting in 109.3M in total retail wireless subscribers. And while postpaid churn was higher in the first quarter, this was attributed to the “competitive dynamics of the industry.” Accordingly, accounting for promotional activity, wireless revenue increased 1.7% during the quarter. Its new Advanced Connectivity segment added 584K new consumer and business internet subscribers, split evenly between the fiber and fixed-wireless products. At the end of the first quarter, total internet connections totaled 14.8M, up 30% from the same period last year. However, the legacy business revenue was down 25.3%, which the company attributes to the continued decommissioning of its legacy, copper-based network. On the balance sheet, free cash flow was down 19% to $2.5B versus $2.6B estimates, weighed down by the company’s increased capital spending. With AT&T ( T ) shares 2% lower in premarket trading, competitors T-Mobile ( TMUS ) and Verizon ( VZ ) are marginally lower into the open. More on AT&T AT&T Before The Bell: 5 ...