Wessel Nijman emulates his Michael van Gerwen as he continues his superb form in the Players Championship with victory in the 14th tournament of the year.
Wessel Nijman emulates his Michael van Gerwen as he continues his superb form in the Players Championship with victory in the 14th tournament of the year.
Some bondholders to Lumen Technologies ’ Qwest Corp . unit have organized with law firm Davis Polk & Wardwell after the enterprise network giant kicked off a debt swap that would remove their lender protections, according to people familiar with the matter. Lumen is seeking to swap roughly $1.64 billion of Qwest’s bonds due in 2056 and 2057 into new securities at par with the same coupon and matur...
Some bondholders to Lumen Technologies ’ Qwest Corp . unit have organized with law firm Davis Polk & Wardwell after the enterprise network giant kicked off a debt swap that would remove their lender protections, according to people familiar with the matter. Lumen is seeking to swap roughly $1.64 billion of Qwest’s bonds due in 2056 and 2057 into new securities at par with the same coupon and maturity — a move that would also strip away almost all of the debt’s covenants. Negotiations between the Qwest bondholder group and Lumen center on strengthening a parent-company guarantee for the debt and shortening the maturity of the new bonds, the people said, asking not to be identified discussing private information. The debt swap requires a majority of bondholders to consent to remove the covenants, according to a report from Moody’s Ratings last month. The exchange would also eliminate a requirement for Qwest to report earnings separately, Moody’s said. On Tuesday, Lumen extended an early tender deadline for the exchange to May 15 from May 8. Earlier this year, Lumen completed the sale of its residential fiber network to AT&T for $5.75 billion in cash, a move that some bondholders viewed as a covenant breach under the Qwest debt terms, according to the people. Such a breach would require the company to repay bondholders at par, the people said. A representative for Lumen declined to comment and representatives for Davis Polk didn’t immediately respond to requests for comment. Lumen, formerly known as CenturyLink, is the offspring of multiple mergers, acquisitions and divestitures. The company, which acquired Qwest in 2011, has been reworking its borrowings following a controversial and complicated deal with creditors in 2024 that saw it restructure one of the largest piles of US distressed debt at the time.
Earnings Call Insights: Tidewater Inc. (TDW) Q1 2026 Management View "Starting with the first quarter, revenue and gross margin were both ahead of what we expected." (President, CEO & Director Quintin Kneen) "Revenue was $326.2 million, driven mainly by higher utilization and stronger day rates." "Gross margin was just under 49%, up slightly quarter-over-quarter and over 3 percentage points above ...
Earnings Call Insights: Tidewater Inc. (TDW) Q1 2026 Management View "Starting with the first quarter, revenue and gross margin were both ahead of what we expected." (President, CEO & Director Quintin Kneen) "Revenue was $326.2 million, driven mainly by higher utilization and stronger day rates." "Gross margin was just under 49%, up slightly quarter-over-quarter and over 3 percentage points above our internal plan." (President, CEO & Director Kneen) "Utilization benefited from strong uptime with less downtime for repairs and fewer drydock days than we expected." "Our vessels in the Middle East continue to operate normally" (President, CEO & Director Kneen) and "we haven't seen any disruption to our business at the outset." (President, CEO & Director Kneen) "In the first quarter, we generated $34 million of free cash flow." (President, CEO & Director Kneen) "Importantly, nothing has changed in how we're thinking about free cash flow for the year." "We still anticipate closing by the end of the second quarter." (President, CEO & Director Kneen) "We did not repurchase any shares in the first quarter because we plan to fund the equity portion of the Wilsons transaction with cash on hand." "We still have $500 million authorized under the program, which represents about 12% of the shares outstanding as of yesterday's close." (President, CEO & Director Kneen) "For the first quarter, we reported net income of $6.1 million or $0.12 per share." (Executive VP & CFO Samuel Rubio) "We saw average day rates increase about 1% versus the fourth quarter." "In the first quarter, we incurred $36.4 million in deferred drydock costs" and "this quarter was no exception as we had 949 drydock days that affected utilization by about 5 percentage points." (Executive VP & CFO Rubio) Outlook "We are maintaining our full year 2026 revenue guidance of $1.43 billion to $1.48 billion and a full year gross margin range of 49% to 51%." (Senior Vice President of Strategy, Corporate Development & IR W...
Advanced Drainage Systems ( WMS ) is likely to announce a dividend increase in May, continuing its 11-year streak of consecutive dividend growth based on historical patterns. Analysts expect a consensus annual dividend of $0.72 per share, implying a quarterly dividend of approximately $0.18, representing no change from the prior payout of $0.1800. The company last declared a dividend of $0.1800 pe...
Advanced Drainage Systems ( WMS ) is likely to announce a dividend increase in May, continuing its 11-year streak of consecutive dividend growth based on historical patterns. Analysts expect a consensus annual dividend of $0.72 per share, implying a quarterly dividend of approximately $0.18, representing no change from the prior payout of $0.1800. The company last declared a dividend of $0.1800 per share in February 2026, representing an annual yield of 0.51%, and raised its dividend last May by 12.5% to $0.1800 from $0.1600 in May 2024. The company has delivered a 5-year dividend growth rate of approximately 14.87% and maintains an annual payout ratio of 11.23%. The company holds ratings of A+ for safety, A for growth, D for yield, and B- for dividend consistency. WMS is scheduled to report its fiscal Q4 2026 financial results on May 21, 2026. More on Advanced Drainage Systems Advanced Drainage Systems Is Doing Great, But That Doesn't Mean Gains Deserve To Flow Advanced Drainage Systems, Inc. 2026 Q3 - Results - Earnings Call Presentation Advanced Drainage Systems, Inc. (WMS) Q3 2026 Earnings Call Transcript UBS highlights top industrial stocks with strong upside Advanced Drainage Systems announces pricing of $500M of 5.375% senior notes due 2034
Earnings Call Insights: Innovex International (INVX) Q1 2026 Management view "First quarter revenue totaled $239 million, which exceeded the high end of our guidance range, and adjusted EBITDA totaled $49 million, with an adjusted EBITDA margin of 21%, well above the high end of our guidance range." (CEO & Director Adam Anderson) "During the quarter, we secured 2 significant project awards in Asia...
Earnings Call Insights: Innovex International (INVX) Q1 2026 Management view "First quarter revenue totaled $239 million, which exceeded the high end of our guidance range, and adjusted EBITDA totaled $49 million, with an adjusted EBITDA margin of 21%, well above the high end of our guidance range." (CEO & Director Adam Anderson) "During the quarter, we secured 2 significant project awards in Asia, each exceeding $20 million in value" and "delivered the first Subsea wellhead order in Southeast Asia under the OneSubsea alliance." (CEO & Director Anderson) "In the Middle East, first quarter activity was softer than we had anticipated, driven primarily by project timing and conflict-related disruptions." (CEO & Director Anderson) "We recently completed the acquisition of Drilling Innovative Solutions for $16 million or approximately 4 times trailing 12-month EBITDA." (CEO & Director Anderson) "During the quarter, we recorded a $49 million legal accrual related to patent infringement litigation between Impulse Downhole Tools USA and Innovex's wholly owned subsidiary, DWS, following the previously disclosed jury verdict. No judgment has been entered at this time." (Chief Financial Officer Kendal Reed) "We ended the quarter with approximately $201 million of cash and cash equivalents and no bank debt" and "repurchased over $14 million of our shares at a price of $24.59 per share." (Chief Financial Officer Reed) Outlook "Looking ahead to the second quarter of 2026, we expect revenue in the range of $235 million to $245 million and adjusted EBITDA of $43 million to $48 million." (Chief Financial Officer Reed) "Our guidance reflects a less favorable product mix in the second quarter as well as the potential for sales disruptions and higher costs associated with the ongoing conflict in the Middle East." (Chief Financial Officer Reed) "Even with those near-term pressures, we remain confident in our margin improvement trajectory as 2026 progresses, supported by continued share ...
Barings Chairman & CEO Mike Freno discusses navigating through market uncertainty, building a business with both public and private capabilities, and implementing a ‘holistic’ M&A strategy. He talks with Katie Greifeld and Romaine Bostick at the Milken Institute Global Conference in Beverly Hills, California. (Source: Bloomberg)
Barings Chairman & CEO Mike Freno discusses navigating through market uncertainty, building a business with both public and private capabilities, and implementing a ‘holistic’ M&A strategy. He talks with Katie Greifeld and Romaine Bostick at the Milken Institute Global Conference in Beverly Hills, California. (Source: Bloomberg)
Earnings Call Insights: Fortrea (FTRE) Q1 2026 Management view “We started the year strong in the first quarter and remain on track with our plans,” said CEO Anshul Thakral, highlighting “a Q1 book-to-bill of 1.15x and a trailing 12-month book-to-bill of 1.05x,” which he said reflected “improved commercial execution for the third consecutive quarter.” Thakral said Fortrea “reached a strategic oper...
Earnings Call Insights: Fortrea (FTRE) Q1 2026 Management view “We started the year strong in the first quarter and remain on track with our plans,” said CEO Anshul Thakral, highlighting “a Q1 book-to-bill of 1.15x and a trailing 12-month book-to-bill of 1.05x,” which he said reflected “improved commercial execution for the third consecutive quarter.” Thakral said Fortrea “reached a strategic operational milestone with the recent launch of Fortrea Intelligent Technology, or FIT,” describing it as “our technology suite that integrates persona-driven AI-powered solutions to automate workflows and streamline oversight.” On demand conditions, Thakral said “large pharma is more constructive, and biotech funding has inflected positively versus last year,” adding that “clinical trial starts rebounded this quarter.” On mix and customer traction, Thakral said Q1 authorizations “skewed toward biotech,” and added, “we also diversified our customer base, with notable success in biotech.” He also pointed to China, saying Fortrea saw “strong double-digit growth in our pipeline of opportunities as well as some significant wins in the quarter.” CFO Jill McConnell framed cost actions and profitability as key Q1 drivers: “as part of our rightsizing initiatives, we delivered quarterly cost savings of nearly $16 million gross and over $9 million net,” and said the quarter represented “the strongest start to the year since our spin.” Outlook McConnell said, “We reiterate our targeted full year 2026 revenue guidance in the range of $2.55 billion to $2.65 billion, and targeted adjusted EBITDA guidance in the range of $190 million to $220 million.” She reiterated the key headwinds embedded in the full-year framework: “the year-over-year anticipated decline in revenue primarily reflects the impact of softer bookings in the first half of 2025, continued FSP headwinds and anticipation of lower pass-through costs.” For Q2 pacing, McConnell said, “For the second quarter, we anticipate a modest ...
The semiconductor sector (SOXX) has seen a lot of momentum this year. Yahoo Finance Senior Business Reporter Ines Ferré zooms in on Micron (MU) in particular, highlighting the factors driving the stock's recent gains.
The semiconductor sector (SOXX) has seen a lot of momentum this year. Yahoo Finance Senior Business Reporter Ines Ferré zooms in on Micron (MU) in particular, highlighting the factors driving the stock's recent gains.
Earnings Call Insights: Marriott Vacations Worldwide (VAC) Q1 2026 Management View CEO Matthew Avril said leadership and cost actions taken since the February call are starting to show up operationally, noting, "In the last 2 months, we've made demonstrable progress" (CEO & Director Matthew Avril), including executive-team changes, added sales and marketing leaders, and frontline hiring in sales g...
Earnings Call Insights: Marriott Vacations Worldwide (VAC) Q1 2026 Management View CEO Matthew Avril said leadership and cost actions taken since the February call are starting to show up operationally, noting, "In the last 2 months, we've made demonstrable progress" (CEO & Director Matthew Avril), including executive-team changes, added sales and marketing leaders, and frontline hiring in sales galleries. Avril said previously announced workforce reductions were completed mid-March and are embedded in guidance, while non-core monetization advanced with the Westin Cancun hotel sale and additional assets listed: "listed additional non-core assets targeting more than $125 million gross in additional proceeds this year" (CEO & Director Avril), and "remain on track to generate $200 million to $250 million from asset sales by the end of 2027" (CEO & Director Avril). Avril characterized Q1 as expectedly soft, highlighting that results matched prior expectations for a down quarter and pointing to April traction: "our contract sales were up 8% year-over-year" (CEO & Director Avril), alongside a decision to raise contract sales guidance while keeping EBITDA guidance unchanged due to transition expenses. CFO Jason Marino framed the quarter as a contract-sales decline with margin pressure and balance-sheet focus: "First quarter contract sales declined 2% year-over-year to $411 million" (Executive VP & CFO Jason Marino), and he emphasized ongoing capital-allocation priorities to reduce leverage over time while maintaining dividends and "opportunistic share repurchases" (Executive VP & CFO Marino). President & COO Michael Flaskey detailed an operating reset centered on tour quality, sales-force execution, and owner engagement, including a May 1 sales and marketing compensation restructure and new owner programs, saying, "we are already seeing results" (President & COO Michael Flaskey) from data-driven tour logistics. Outlook Management raised full-year contract sales expectation...
New immigration enforcement package could fund security of $400m ‘East Wing modernization project’ Senate Republicans have released a new immigration enforcement funding package that includes a proposed $1bn that could go to security measures related to the $400m ballroom that is part of Donald Trump ’s “East Wing modernization project”. Senator Chuck Grassley, an Iowa Republican who chairs the Se...
New immigration enforcement package could fund security of $400m ‘East Wing modernization project’ Senate Republicans have released a new immigration enforcement funding package that includes a proposed $1bn that could go to security measures related to the $400m ballroom that is part of Donald Trump ’s “East Wing modernization project”. Senator Chuck Grassley, an Iowa Republican who chairs the Senate judiciary committee, released the funding plan on Monday, as part of a wider bill the Republican party plans to pass along party lines to fund Immigration and Customs Enforcement (ICE) and other agencies involved in the Trump administration’s mass deportation efforts. Continue reading...
mbbirdy/E+ via Getty Images The Nasdaq’s ( COMP:IND ) ( QQQ ) artificial intelligence-fueled rally, while impressive by historical standards, is still running behind the pace set during the dot-com era, according to an updated analysis from Bespoke Investment Group published on Tuesday. Some 858 days after ChatGPT’s ( OPENAI ) November 2022 release, the Nasdaq ( COMP:IND ) has climbed 129%. At the...
mbbirdy/E+ via Getty Images The Nasdaq’s ( COMP:IND ) ( QQQ ) artificial intelligence-fueled rally, while impressive by historical standards, is still running behind the pace set during the dot-com era, according to an updated analysis from Bespoke Investment Group published on Tuesday. Some 858 days after ChatGPT’s ( OPENAI ) November 2022 release, the Nasdaq ( COMP:IND ) has climbed 129%. At the equivalent point following Netscape’s December 1994 debut, the index had surged 155%. Of course, the dot-com rally did not peak at the 858-day mark. Instead, it accelerated dramatically through 1999 and early 2000 before collapsing. Bespoke Investment Group More on NASDAQ Composite Index, Invesco QQQ Trust, etc. Job Openings Inch Lower In March Dow Jones, Nasdaq And S&P 500 Intraday Outlook - Tech Bulls Were Looking For A Dip To Buy Stocks Soar As Profits Roar Ken Griffin warns prolonged Hormuz closure will spark global recession ETF inflows surge: U.S. funds pull in $174B in April as equity demand accelerates
In trading on Tuesday, shares of North American Construction Group Ltd (TSX: NOA.TO) crossed above their 200 day moving average of $20.10, changing hands as high as $20.39 per share. North American Construction Group Ltd shares are currently trading up about 2.2% on the day. T
In trading on Tuesday, shares of North American Construction Group Ltd (TSX: NOA.TO) crossed above their 200 day moving average of $20.10, changing hands as high as $20.39 per share. North American Construction Group Ltd shares are currently trading up about 2.2% on the day. T
Thoma Bravo is model agnostic when it comes to AI models and has relationships with OpenAI and Anthropic as well as Google, says the company’s managing partner Seth Boro. Boro discusses AI cybersecurity and deployment costs with Bloomberg’s Dani Burger at the Milken Institute Global Conference in Los Angeles. (Source: Bloomberg)
Thoma Bravo is model agnostic when it comes to AI models and has relationships with OpenAI and Anthropic as well as Google, says the company’s managing partner Seth Boro. Boro discusses AI cybersecurity and deployment costs with Bloomberg’s Dani Burger at the Milken Institute Global Conference in Los Angeles. (Source: Bloomberg)
DOVER, USA, May 05, 2026 (GLOBE NEWSWIRE) -- E-Power Inc. (“E-Power”, the “Company”, “we” or “our”) (NASDAQ: EPOW), a leading provider of AI Data Center (AIDC) microgrid solutions and advanced battery materials, today announced that its majority-owned subsidiary has officially onboarded a veteran technical team specializing in high-performance AI power supply units (PSU). Since late 2024, this tea...
DOVER, USA, May 05, 2026 (GLOBE NEWSWIRE) -- E-Power Inc. (“E-Power”, the “Company”, “we” or “our”) (NASDAQ: EPOW), a leading provider of AI Data Center (AIDC) microgrid solutions and advanced battery materials, today announced that its majority-owned subsidiary has officially onboarded a veteran technical team specializing in high-performance AI power supply units (PSU). Since late 2024, this team has been in deep technical collaboration with NVIDIA, providing cutting-edge solutions for ultra-h
Roman Tiraspolsky/iStock Editorial via Getty Images Anthropic ( ANTHRO ) and OpenAI ( OPENAI ) are reportedly working through their separate joint ventures to acquire services firms capable of deploying their AI models at scale in various enterprises, according to Reuters. OpenAI's venture, The Deployment Company, has secured more than $4B from investors such as TPG, Brookfield Asset Management, A...
Roman Tiraspolsky/iStock Editorial via Getty Images Anthropic ( ANTHRO ) and OpenAI ( OPENAI ) are reportedly working through their separate joint ventures to acquire services firms capable of deploying their AI models at scale in various enterprises, according to Reuters. OpenAI's venture, The Deployment Company, has secured more than $4B from investors such as TPG, Brookfield Asset Management, Advent, and Bain Capital, according to the report, which cited people familiar with the matter. OpenAI is expected to announce the venture sometime in the next week. Meanwhile, Anthropic has secured $1.5B for its joint venture. Blackstone ( BX ) and Hellman & Friedman are facilitating the deployment of AI tools across their investment portfolios. Goldman Sachs ( GS ) is also involved in the initiative. The strategy of these initiatives is to embed engineers and consultants into businesses to accelerate the integration of AI into a range of enterprises. This could open up new commercial markets for AI products. "We intend to build a scaled, world-class company to deploy Anthropic's incredible technology across a range of businesses in our portfolio and beyond," said Blackstone Chief Operating Officer Jon Gray. "We believe it can help break down one of the most significant bottlenecks to enterprise AI adoption by expanding the number of highly skilled implementation partners." "Enterprise demand for Claude is significantly outpacing any single delivery model," added Anthropic Chief Financial Officer Krishna Rao. "Our partnerships with the world's leading systems integrators are central to how Claude reaches large enterprises. This new firm brings additional operating capability to the ecosystem and capital from leading alternative asset managers." More on OpenAI and Anthropic The Goldman Sachs Group, Inc. (GS) Shareholder/Analyst Call Prepared Remarks Transcript Wall Street Lunch: UAE Blindsides Oil Market With OPEC Exit Plan Wall Street Lunch: OpenAI Loosens Exclusivity In Re...