Mueller Industries ( MLI ) said its board approved a two-for-one forward stock split and a proportional increase in authorized common shares. Shareholders of record as of June 25, 2026, will receive one additional share for each share held, with distribution expected after market close on June 30. Trading on a split-adjusted basis is expected to begin July 1, subject to New York Stock Exchange app...
Mueller Industries ( MLI ) said its board approved a two-for-one forward stock split and a proportional increase in authorized common shares. Shareholders of record as of June 25, 2026, will receive one additional share for each share held, with distribution expected after market close on June 30. Trading on a split-adjusted basis is expected to begin July 1, subject to New York Stock Exchange approval. The stock split is expected to increase outstanding shares to about 221.1M and will result in proportional adjustments to equity awards, incentive plans, and the company's regular quarterly dividend. More on Mueller Mueller Industries Q1 Review: There May Be Short-Term Pain Ahead Mueller Industries acquires Bison Metals to boost U.S. copper tube capacity Seeking Alpha’s Quant Rating on Mueller Historical earnings data for Mueller Dividend scorecard for Mueller
July WTI crude oil (CLN26 ) on Monday closed up +4.80 (+5.49%), and July RBOB gasoline (RBN26 ) closed up +0.0503 (+1.66%). Crude oil prices on Monday rallied sharply after Iran's Tasnim news agency reported that Iran's government said in a statement that it halted the exchange of messages with...
July WTI crude oil (CLN26 ) on Monday closed up +4.80 (+5.49%), and July RBOB gasoline (RBN26 ) closed up +0.0503 (+1.66%). Crude oil prices on Monday rallied sharply after Iran's Tasnim news agency reported that Iran's government said in a statement that it halted the exchange of messages with...
The Justice Department said it 'strongly disagrees' with the court's ruling that paused a $1.776 fund for victims of government "weaponization," but would still abide by it. (Image credit: Win McNamee)
The Justice Department said it 'strongly disagrees' with the court's ruling that paused a $1.776 fund for victims of government "weaponization," but would still abide by it. (Image credit: Win McNamee)
Brian Landsman will join OpenAI ( OPENAI ) as vice president of global partnerships, ending his 14-year-long stint at Salesforce ( CRM ). Landsman announced his exit in a LinkedIn post thanking Marc Benioff. In his latest role, he served as the CEO of AgentExchange and EVP, global business development & partnerships. “I’m thrilled to be joining OpenAI as VP of global partnerships to build another ...
Brian Landsman will join OpenAI ( OPENAI ) as vice president of global partnerships, ending his 14-year-long stint at Salesforce ( CRM ). Landsman announced his exit in a LinkedIn post thanking Marc Benioff. In his latest role, he served as the CEO of AgentExchange and EVP, global business development & partnerships. “I’m thrilled to be joining OpenAI as VP of global partnerships to build another incredible technology ecosystem and to drive transformative partnerships that accelerate the adoption of AI in businesses around the world,” Landsman said in his note. His appointment comes after OpenAI added former Slack CEO Denise Dresser as its chief revenue officer in December last year. More on OpenAI, Salesforce Salesforce, Inc. (CRM) Discusses Product Innovation With Headless 360 and Slackbot Transcript Salesforce Is A Steal Salesforce, Inc. (CRM) Presents at Jefferies Software, Internet & AI Conference Transcript Salesforce stake in Anthropic valued at nearly $5B: report Anthropic's private status nearly over as it submits draft IPO to SEC
GMR Solutions Inc. press release ( GMRS ): Q1 GAAP EPS of $0.28. Revenue of $1.46B. Net income of $106.3 million and Adjusted EBITDA (1) of $305.1 million. Maintained strong liquidity position, in excess of $1.1 billion, comprised of $426.1 million of cash and cash equivalents and approximately $691.6 million of available borrowing capacity on the ABL Facility as of March 31, 2026 Redeemed 189,050...
GMR Solutions Inc. press release ( GMRS ): Q1 GAAP EPS of $0.28. Revenue of $1.46B. Net income of $106.3 million and Adjusted EBITDA (1) of $305.1 million. Maintained strong liquidity position, in excess of $1.1 billion, comprised of $426.1 million of cash and cash equivalents and approximately $691.6 million of available borrowing capacity on the ABL Facility as of March 31, 2026 Redeemed 189,050 shares of Preferred Stock for an aggregate redemption price of approximately $250.0 million on March 6, 2026 Full Year 2026 Financial Guidance GMR is establishing the following guidance for the full year 2026: (in millions) Range for the year ending December 31, 2026 Low High Net revenue $ 5,890 $ 6,180 Adjusted EBITDA (2) $ 1,135 $ 1,195 Cash used for net capital expenditures and aircraft financing as a percent of net revenue 5.1% 5.3% Click to enlarge More on GMR Solutions Inc. GMR Solutions: An Emergency Responder In Need Of Help GMR Solutions Targets IPO On High Debt, Contracting Revenue KKR-backed GMR set for trading debut after raising $479M in IPO Financial information for GMR Solutions Inc.
Sundry Photography/iStock Editorial via Getty Images Hewlett Packard Enterprise ( HPE ) rocketed more than 30% after reporting its second quarter fiscal 2026 financial results post-market on Monday, which featured a massive guidance increase. For the entire fiscal year, HPE raised its adjusted earnings per share to range from $3.35 to $3.45 compared to its prior guidance of $2.30 to $2.50. The con...
Sundry Photography/iStock Editorial via Getty Images Hewlett Packard Enterprise ( HPE ) rocketed more than 30% after reporting its second quarter fiscal 2026 financial results post-market on Monday, which featured a massive guidance increase. For the entire fiscal year, HPE raised its adjusted earnings per share to range from $3.35 to $3.45 compared to its prior guidance of $2.30 to $2.50. The consensus estimate calls for $2.43. The company increased its free cash flow expectation to $3.5B from $2B. The estimate expected $2.2B. It also projects its revenue to jump from 29% to 33% year over year. For the quarter ended April 30, the enterprise technology company reported adjusted EPS of $0.79 versus the $0.53 consensus estimate. Revenue for the second quarter increased 40% year over year to $10.68B, which was more than the $9.76B estimate. It reported an adjusted gross margin of 36.9% versus the 34.5% estimate and an adjusted operating margin of 13.3% compared to the 10.5% consensus. On a segment basis, Networking revenue surged 148% year over year to $2.7B, while Cloud and AI revenue climbed 23% to $7.7B. For the quarter in progress, HPE expects adjusted EPS of $0.88 to $0.93, which is much more than the $0.54 estimate. The company expects revenue to range from $11.5B to $12.1B, which completely clears the $10.88B consensus. "We drove high profitability and cash generation this quarter through continued operational discipline as well as executing ahead of schedule against Juniper Networks and Catalyst cost synergies," said Marie Myers , executive vice president and CFO of HPE. "Based on our performance, we are raising our fiscal 2026 guidance and introducing a fiscal 2027 financial growth framework. These updates reflect the durability of our performance and continued operational excellence—and point to faster progress toward our long-term financial plan." The fiscal 2027 outlook framework expects revenue to increase from 8% to 12%, adjusted EPS to increase from 12% ...
Meta’s AI ambitions are getting expensive, and now Zuckerberg is betting chatbot subscriptions and layoffs to convince that AI spending spree will eventually pay off.
Meta’s AI ambitions are getting expensive, and now Zuckerberg is betting chatbot subscriptions and layoffs to convince that AI spending spree will eventually pay off.
Kristina Peterson, Bloomberg reporter covering food, says that consumer demand for additional protein in the US has increased so much that companies are facing supply shortages in whey protein. Manufacturers are racing to source other supply lines or are forced to reformulate recipes. (Source: Bloomberg)
Kristina Peterson, Bloomberg reporter covering food, says that consumer demand for additional protein in the US has increased so much that companies are facing supply shortages in whey protein. Manufacturers are racing to source other supply lines or are forced to reformulate recipes. (Source: Bloomberg)