Anheuser-Busch InBev press release ( BUD ): Q1 Non-GAAP EPS of $0.97 beats by $0.06 . Revenue of $15.27B (+12.0% Y/Y) beats by $580M . 55% increase in Gross Merchandise Value from sales of third-party products through BEES Marketplace to reach 1.1 billion USD. Volumes increased by 0.8%, with beer volumes up by 1.2% and non-beer volumes down by 1.9%. Normalized EBITDA increased by 5.3% to 5 437 mil...
Anheuser-Busch InBev press release ( BUD ): Q1 Non-GAAP EPS of $0.97 beats by $0.06 . Revenue of $15.27B (+12.0% Y/Y) beats by $580M . 55% increase in Gross Merchandise Value from sales of third-party products through BEES Marketplace to reach 1.1 billion USD. Volumes increased by 0.8%, with beer volumes up by 1.2% and non-beer volumes down by 1.9%. Normalized EBITDA increased by 5.3% to 5 437 million USD, with a margin contraction of 15 bps to 35.6%. 2026 Outlook (i) Overall Performance: We expect our EBITDA to grow in line with our medium-term outlook of between 4-8%. The outlook for FY26 reflects our current assessment of inflation and other macroeconomic conditions. (ii) Net Finance Costs: Net pension interest expenses and accretion expenses are expected to be in the range of 190 to 220 million USD per quarter, depending on currency and interest rate fluctuations. We expect the average gross debt coupon in FY26 to be approximately 4%. (iii) Effective Tax Rate ( ETR ): We expect the normalized ETR in FY26 to be in the range of 26% to 28%. The ETR outlook does not consider the impact of potential future changes in legislation. (iv) Net Capital Expenditure: We expect net capital expenditure of between 3.5 and 4.0 billion USD in FY26. More on Anheuser-Busch InBev Anheuser-Busch: Recent Rally Justifiable, Valuation And Growth Prospects Hinder Further Upside Anheuser-Busch InBev: Successful Premiumization And Diversification Efforts - Overbought Rally Warrants Caution Anheuser-Busch InBev SA/NV (BUD) Q4 2025 Earnings Call Transcript Anheuser-Busch InBev Q1 2026 Earnings Preview Anheuser-Busch invests in U.S. manufacturing as it retains its strong market share lead
Earnings Call Insights: Cryoport, Inc. (CYRX) Q1 2026 Management view “Our first quarter results continue to demonstrate our market-leading position as revenue was $47.8 million, up 16% year-over-year,” said Jerrell Shelton (Chairman, President & CEO), while also reporting “revenue in support of our commercial cell and gene therapy grew 26% to $9.1 million” and “revenue from clinical trials grew 1...
Earnings Call Insights: Cryoport, Inc. (CYRX) Q1 2026 Management view “Our first quarter results continue to demonstrate our market-leading position as revenue was $47.8 million, up 16% year-over-year,” said Jerrell Shelton (Chairman, President & CEO), while also reporting “revenue in support of our commercial cell and gene therapy grew 26% to $9.1 million” and “revenue from clinical trials grew 18% to $12.9 million.” Shelton (CEO) framed pipeline-based demand as a key driver, stating, “As of March 31st, we supported a record total of 766 global clinical trials,” including “91 of these clinical trials in Phase III,” and added that an FDA accelerated approval for Rocket Pharmaceutical’s KRESLADI increased supported commercial therapies to “21.” Shelton (CEO) gave a forward-looking regulatory cadence, saying, “For the remainder of 2026... we expect another 10 BLA or MAA application filings and up to 8 additional new therapy approvals.” Shelton (CEO) highlighted new offerings and expansion, stating MVE “introduced its new Fusion 800 series,” and that IntegriCell “shipped its first cryopreserved clinical trial patient materials from both our Houston, Texas and... Belgium facilities for 2 separate clients.” Robert Stefanovich (Senior VP, CFO, Treasurer & Chief Administrative Officer) characterized MVE demand as broad-based: “The outperformance in MVE during Q1 was really driven by strong demand across all geographies... particularly in the animal health, but also life science overall.” Outlook Shelton (CEO) raised the top-line target, stating, “we're raising our full year 2026 revenue guidance to $192 million to $196 million,” and added, “we... believe that based on our progress year-to-date, we will achieve positive adjusted EBITDA in the second half of this year.” On the size of the guide increase, Puneet Souda, Leerink Partners: “you had a $3 million beat versus the consensus, but... you're raising the guide by $2 million”; Shelton (CEO) responded that the guide is “r...
Apple has held exploratory discussions about using Intel and Samsung to produce the main processors for its devices in the US. According to people familiar with the deliberations, Apple had early-stage talks with Intel about enlisting the company's chipmaking services. Apple executives also made visits to a Samsung plant under development in Texas. The move would offer a secondary option beyond lo...
Apple has held exploratory discussions about using Intel and Samsung to produce the main processors for its devices in the US. According to people familiar with the deliberations, Apple had early-stage talks with Intel about enlisting the company's chipmaking services. Apple executives also made visits to a Samsung plant under development in Texas. The move would offer a secondary option beyond longtime partner TSMC. Bloomberg's Neil Campling explains. (Source: Bloomberg)
A cruise ship with nearly 150 people aboard was waiting for help off the coast of Cape Verde in the Atlantic Ocean after three passengers died in a suspected outbreak of the rare hantavirus. (Image credit: Arilson Almeida)
A cruise ship with nearly 150 people aboard was waiting for help off the coast of Cape Verde in the Atlantic Ocean after three passengers died in a suspected outbreak of the rare hantavirus. (Image credit: Arilson Almeida)
Russia declared a unilateral ceasefire in Ukraine for Friday and Saturday to mark the defeat of Nazi Germany in World War II, but threatened to strike back at Kyiv if it tries to disrupt festivities. (Image credit: Mikhail Metzel)
Russia declared a unilateral ceasefire in Ukraine for Friday and Saturday to mark the defeat of Nazi Germany in World War II, but threatened to strike back at Kyiv if it tries to disrupt festivities. (Image credit: Mikhail Metzel)
Nikada Asian equities fell on Tuesday taking negative cues from Wall Street due to fading hopes for progress in Washington-Tehran talks. Sentiment became cautious after renewed Middle East tensions, including strikes near the Strait of Hormuz and damage to port facilities. Markets in Japan, China, and South Korea were closed, keeping regional trading volumes dull. Gold prices held near $4,500 an o...
Nikada Asian equities fell on Tuesday taking negative cues from Wall Street due to fading hopes for progress in Washington-Tehran talks. Sentiment became cautious after renewed Middle East tensions, including strikes near the Strait of Hormuz and damage to port facilities. Markets in Japan, China, and South Korea were closed, keeping regional trading volumes dull. Gold prices held near $4,500 an ounce after dropping nearly 2% in the previous session. WTI crude futures held above $104 per barrel. Japan ( NKY:IND ) market closed. The Japanese yen weakened past 157 per dollar on Tuesday, paring recent gains. China's ( SHCOMP ) market closed. Hong Kong ( HSI ) fell 1.35% to 25,730 on Tuesday, trimming earlier gains. India ( SENSEX ) fell 0.73% to 77,031 on Tuesday, reversing gains from the previous session as elevated global crude oil prices weighed on investor sentiment. The Indian rupee slipped to around 95.4 per dollar, hitting fresh record lows. Australia ( AS51 ) fell 0.40% to 8,635 in early deals on Tuesday, extending losses from the prior session . The Australian dollar held its recent decline to below $0.72 on Tuesday. The Reserve Bank of Australia (RBA) lifted the official cash rate by 25 basis points to 4.35% at its April 2026 meeting, marking a consecutive monthly increase following its March move. This marks the third straight hike this year, and an 8-1 vote aligned with market forecasts. The S&P Global Australia Services PMI Business Activity Index was updated to 50.7 in April 2026, up from a preliminary estimate of 50.3 and a final 46.3 in March. Household spending in Australia rose 1.6% mom in March 2026, picking up from 0.3% in the prior month. In the U.S. on Tuesday, all three major indexes ended lower driven by a renewed surge in oil prices as tensions in the Middle East escalated, heightening concerns about inflation. U.S. stock futures were little changed on Tuesday after the major averages declined in the prior session : Dow +0.10% ; S&P 500 +0.14% ...
Earnings Call Insights: V2X (VVX) Q1 2026 Management View “With robust bookings of $4.1 billion in the quarter across all business areas, we achieved record backlog of $13.8 billion.” (President, CEO & Director Jeremy Wensinger) “Looking forward, we are confident in our position in the market and are increasing our guidance for 2026.” (President, CEO & Director Wensinger) Management attributed dem...
Earnings Call Insights: V2X (VVX) Q1 2026 Management View “With robust bookings of $4.1 billion in the quarter across all business areas, we achieved record backlog of $13.8 billion.” (President, CEO & Director Jeremy Wensinger) “Looking forward, we are confident in our position in the market and are increasing our guidance for 2026.” (President, CEO & Director Wensinger) Management attributed demand and execution to contract wins across modernization and sustainment, training, aerospace, and mission readiness, including work on F/A-18 modernization, KC-130J infrared countermeasures integration, “full operational execution for T-6,” and Artemis II mission support. (President, CEO & Director Wensinger) “Revenue in the first quarter increased 23% to $1.254 billion... Adjusted EBITDA in the quarter was $85.6 million... Interest expense in the first quarter was $18.1 million... Net income for the quarter was $18.9 million... First quarter diluted EPS was $0.60... Adjusted diluted EPS... to $1.53.” (Senior VP & CFO Shawn Mural) “In the last 6 months, we have introduced 3 artificial intelligence platforms, which are now operating on an enterprise IT infrastructure... One example... is... our early prototype AI-enabled aerospace sustainment platform... We are building this platform with Google, Tactile and NVIDIA products.” (President, CEO & Director Wensinger) Outlook “Revenue is now expected to be between $4.825 billion and $4.975 billion. Adjusted EBITDA is expected to be between $345 million and $360 million. Adjusted diluted earnings per share is expected to be between $5.75 and $6.15. Adjusted net cash from operations is expected to be between $160 million and $180 million.” (Senior VP & CFO Mural) Management described the guidance increase as tied to multiple contributors, including T-6 and increased activity with a national security customer and Middle East support; in Q&A, management characterized the revenue guide increase at “$150 million at the midpoint,” and b...