(RTTNews) - Superior Energy Services, Inc. (SPN), an oil field services provider, said that it has appointed Josh Shapiro as chief financial officer with immediate effect. Shapiro has replaced Kyle O'Neill, who has stepped down as CFO with effect from May 18 to pursue a new oppor
(RTTNews) - Superior Energy Services, Inc. (SPN), an oil field services provider, said that it has appointed Josh Shapiro as chief financial officer with immediate effect. Shapiro has replaced Kyle O'Neill, who has stepped down as CFO with effect from May 18 to pursue a new oppor
Susumu Yoshioka/DigitalVision via Getty Images The last several months have been an excellent time for shareholders of Trex Company ( TREX ). Since I last wrote about the company in early November of last year, the stock has roared higher by 20.6%. That's well above double the 8.5% increase that the S&P 500 experienced over the same period. This is a fantastic showing, and it comes at a time when ...
Susumu Yoshioka/DigitalVision via Getty Images The last several months have been an excellent time for shareholders of Trex Company ( TREX ). Since I last wrote about the company in early November of last year, the stock has roared higher by 20.6%. That's well above double the 8.5% increase that the S&P 500 experienced over the same period. This is a fantastic showing, and it comes at a time when revenue for the company continues to grow, even though that growth is slow. Long term, I believe in the company and its potential. But this does not necessarily mean that investors should be bullish about it. In my last article, I mentioned multiple things that concerned me, including weak consumer demand that caused the firm to miss analysts’ expectations and forced management to revise lower their guidance for 2025. Margin compression was on the horizon, and broader economic uncertainty was prevalent. Because of these factors, I ended up taking a more neutral stance, rating the company a "Hold." The surge in share price that we have seen since then is evidence that the market disagrees with me. But even this year, with revenue expected to come in higher than it was last year, financial performance should be worse on the bottom line. Yes, the stock is cheap relative to other similar enterprises. And it also has some great long-term catalysts that investors can bank on. But based on valuation alone, not even factoring in near-term softness in demand, I believe that it justifies more of a "Hold" rating than it does a "Buy." I Can’t Upgrade Trex Company Now If you prioritize revenue growth, it is clear that Trex Company is doing a decent job right now. The company, which operates as the largest producer of high-performance wood alternative decking and railing products in the world, as well as a major provider of outdoor living products, reported revenue in the first quarter of the 2026 fiscal year of $343.4 million. That's 1% above the $340 million that the business reported ...
CTRE ( CTRE ) priced an upsized underwritten public offering of 12.5M shares expected to raise gross proceeds of about $509.4M through forward sale agreements with affiliates. The offering was increased from the previously announced 10M shares, with underwriters granted a 30-day option to purchase up to an additional 1.875M shares. The offering was upsized from the previously announced offering si...
CTRE ( CTRE ) priced an upsized underwritten public offering of 12.5M shares expected to raise gross proceeds of about $509.4M through forward sale agreements with affiliates. The offering was increased from the previously announced 10M shares, with underwriters granted a 30-day option to purchase up to an additional 1.875M shares. The offering was upsized from the previously announced offering size of 10M shares of common stock, and the offering is expected to close on May 20, 2026. CareTrust ( CTRE ) plans to contribute the proceeds to its operating subsidiary, CTR Partnership, L.P., for general corporate purposes, including potential acquisitions or investments and debt repayment. More on CareTrust REIT CareTrust REIT Remains A Strong Buy After Q1 Results, Driving The Growth Thesis CareTrust REIT, Inc. (CTRE) Q1 2026 Earnings Call Transcript CareTrust REIT: This Overlooked REIT's Hot Streak Continues, But The Bargain Is Gone (Rating Downgrade) CareTrust launches $10M common stock offering tied to forward sale agreements CareTrust outlines 2026 normalized FFO per share guidance of $2.00 to $2.04 as investment pace accelerates
MOZCO Mateusz Szymanski Standard Chartered ( SCBFF ) on Tuesday said it plans to reduce more than 15% of its corporate functions workforce by 2030, alongside raising its medium-term profitability goals. The workforce reduction is part of the lender’s efforts to raise income per employee by around 20% by 2028, StanChart said. “We are investing in the capabilities that will compound our competitive ...
MOZCO Mateusz Szymanski Standard Chartered ( SCBFF ) on Tuesday said it plans to reduce more than 15% of its corporate functions workforce by 2030, alongside raising its medium-term profitability goals. The workforce reduction is part of the lender’s efforts to raise income per employee by around 20% by 2028, StanChart said. “We are investing in the capabilities that will compound our competitive advantages and drive sustainable growth and higher quality returns over time, with clear targets in place,” StanChart CEO Bill Winters said in the statement outlining the bank’s medium-term targets. More on Standard Chartered Standard Chartered: Better Profitability, Same Emerging Market Risks Standard Chartered PLC (SCBFY) Q1 2026 Earnings Call Transcript Standard Chartered PLC 2026 Q1 - Results - Earnings Call Presentation Standard Chartered tops forecasts, downplays Gulf conflict risks BlackRock, StanChart, crypto trading platform launch joint framework
Southampton's place in the play-off final is at stake as they face a disciplinary hearing as they stand charged of watching a Middlesbrough training session. The result is expected to come on Tuesday.
Southampton's place in the play-off final is at stake as they face a disciplinary hearing as they stand charged of watching a Middlesbrough training session. The result is expected to come on Tuesday.
Joy Zhang, APAC Capital Goods Analyst at BNP Paribas, says physical AI will be the ultimate application of the technology, paving the way for humanoid robots to enter daily life. She also discusses winners and losers in the space in an interview on Bloomberg’s The China Show. (Source: Bloomberg)
Joy Zhang, APAC Capital Goods Analyst at BNP Paribas, says physical AI will be the ultimate application of the technology, paving the way for humanoid robots to enter daily life. She also discusses winners and losers in the space in an interview on Bloomberg’s The China Show. (Source: Bloomberg)
Indonesia has proposed hosting an Asean oil storage hub to reinforce the region’s emergency fuel reserves, as supply disruptions from the Middle East lay bare the region’s vulnerability to energy shocks. But analysts say the plan, while attractive in principle, is likely to be hampered by political distrust, uneven national priorities and the Association of Southeast Asian Nations’ record of rolli...
Indonesia has proposed hosting an Asean oil storage hub to reinforce the region’s emergency fuel reserves, as supply disruptions from the Middle East lay bare the region’s vulnerability to energy shocks. But analysts say the plan, while attractive in principle, is likely to be hampered by political distrust, uneven national priorities and the Association of Southeast Asian Nations’ record of rolling out regional mechanisms that are rarely tested under pressure. Indonesian Energy Minister Bahlil...
Chubb Limited ( CB ) announced that its subsidiary, Chubb INA Holdings LLC, has priced a public offering of $1B in 5.30% senior notes due in 2036. The notes are guaranteed by Chubb Limited. Chubb plans to use the proceeds for general corporate purposes, including debt repayment or refinancing. Barclays Capital Inc. and Wells Fargo Securities, LLC are the joint book-running managers. More on Chubb ...
Chubb Limited ( CB ) announced that its subsidiary, Chubb INA Holdings LLC, has priced a public offering of $1B in 5.30% senior notes due in 2036. The notes are guaranteed by Chubb Limited. Chubb plans to use the proceeds for general corporate purposes, including debt repayment or refinancing. Barclays Capital Inc. and Wells Fargo Securities, LLC are the joint book-running managers. More on Chubb Chubb Limited 2026 Q1 - Results - Earnings Call Presentation Chubb: Still Boring, Still Profitable Chubb Limited (CB) Q1 2026 Earnings Call Transcript Chubb dividend preview: 29 year streak set for another raise Earnings scoreboard for financials: 18 of 19 companies see Y/Y growth in earnings
Asian airlines need government support to cope with the more than doubling of jet fuel prices that otherwise risks some carriers collapsing like US-based Spirit Airlines, according to the new head of the region’s industry body. Wong Hong, who took over as director general of the Association of Asia Pacific Airlines last month, said carriers needed varying levels of help and relief, from direct fin...
Asian airlines need government support to cope with the more than doubling of jet fuel prices that otherwise risks some carriers collapsing like US-based Spirit Airlines, according to the new head of the region’s industry body. Wong Hong, who took over as director general of the Association of Asia Pacific Airlines last month, said carriers needed varying levels of help and relief, from direct financial support to being able to cut flight schedules without negative consequences. “Nobody wants to...