Matt Cardy/Getty Images News BAE Systems ( BAESF ) ( BAESY ) said Thursday it remains on course to deliver annual earnings growth of 9% to 11%, supported by sustained demand as geopolitical tensions, including the Iran conflict, continue to lift defense spending. The U.K.-based contractor, which produces Typhoon fighter jets, nuclear submarines, and naval vessels, reported a solid start to 2026. I...
Matt Cardy/Getty Images News BAE Systems ( BAESF ) ( BAESY ) said Thursday it remains on course to deliver annual earnings growth of 9% to 11%, supported by sustained demand as geopolitical tensions, including the Iran conflict, continue to lift defense spending. The U.K.-based contractor, which produces Typhoon fighter jets, nuclear submarines, and naval vessels, reported a solid start to 2026. It also supplies a wide range of equipment to its largest customer, the United States, including space and satellite systems, combat vehicles, and munitions. The company pointed to a worsening global security environment as a key driver of its outlook, noting that governments are allocating more resources to defense in response to rising threats. BAE Systems’ order backlog has nearly doubled since Russia’s invasion of Ukraine in 2022, while its shares have climbed close to 300% over that period, reflecting expectations for sustained military spending, particularly among NATO countries. Looking ahead, the company expects new business across multiple segments, including space technologies, missile and air defense systems, as well as drone and counter-drone capabilities. In the U.K., however, clarity on future domestic spending priorities remains pending. The government, which has committed to its largest increase in defense spending since World War II, has yet to release a detailed investment plan after months of delay. More on BAE Systems plc BAE Systems: Europe's Defense Boom Still Isn't Fully Priced In BAE Systems: Dangerous Valuation In 2026E, Despite Geopolitical Implications BAE Systems plc (BAESY) Q4 2025 Earnings Call Transcript Zelenskiy calls for European missile shield as Ukraine seeks faster air defense options Defense giants secure $1.84B Andromeda deal to boost space surveillance
John M. Chase/iStock Unreleased via Getty Images Previous Coverage I originally covered CDW Corporation ( CDW ) in July of last year, when the stock was trading for about $180 per share and appeared to be minimally overvalued. Additionally though, the company boasted a weak long-term expected rate of return, and as such I rated the stock a Sell, which turned out to be the right call. Since my init...
John M. Chase/iStock Unreleased via Getty Images Previous Coverage I originally covered CDW Corporation ( CDW ) in July of last year, when the stock was trading for about $180 per share and appeared to be minimally overvalued. Additionally though, the company boasted a weak long-term expected rate of return, and as such I rated the stock a Sell, which turned out to be the right call. Since my initial write-up the broad market, as measured by the SPDR S&P 500 ETF Trust ( SPY ), has posted a robust return of almost 17%, while CDW has struggled mightily and is down nearly 40% during that time period. The company announced their Q1 2026 earnings recently and the stock sank more than 20% post the earnings release. Due to this drastic price decline I thought now would be an ideal time to revisit the stock, dive into the earnings call, and provide a new fair value estimate based on new free cash flow numbers. Data by YCharts Q1 2026 Earnings As mentioned above, CDW Corporation recently announced their Q1 2026 earnings with normalized earnings per share of $2.28, which came in just below the consensus of $2.29, on revenue of $5.68B which exceeded analyst expectations by roughly $200M, and was a year-over-year increase of more than 9%. Earlier this year the company announced a realignment in their reporting with segments consisting of Commercial (clients), Government, Education, and Other (which consists of CDW UK and CDW Canada). We'll examine the Commercial segment first which, within it, has three divisions, Corporate which makes up the bulk of this segment's revenue, Financial Services, and Healthcare. Corporate revenue came in at $2.37B, a solid increase of $184.3M, or 8.4%, relative to Q1 2025. The Financial Services portion of the business saw the largest jump in revenue, more than 28%, rising $94.3M to close out the quarter at $428.4M, while the Healthcare division earned a nearly 5% increase and had sales of $766.7M for the quarter. These results were driven by netw...
Hertz Global Holdings press release ( HTZ ): Q1 Non-GAAP EPS of -$0.72 in-line. Revenue of $2B (+10.5% Y/Y) beats by $100M . Revenue totaled $2.0 billion in the first quarter, up 11% year over year, Hertz's strongest year-over-year revenue growth in three years, driven by continued progress in its commercial strategies. Year-over-year Revenue per Unit (RPU) and Revenue Per Day ( RPD ) metrics cont...
Hertz Global Holdings press release ( HTZ ): Q1 Non-GAAP EPS of -$0.72 in-line. Revenue of $2B (+10.5% Y/Y) beats by $100M . Revenue totaled $2.0 billion in the first quarter, up 11% year over year, Hertz's strongest year-over-year revenue growth in three years, driven by continued progress in its commercial strategies. Year-over-year Revenue per Unit (RPU) and Revenue Per Day ( RPD ) metrics continued improving sequentially, with RPD delivering a 5.5% increase Shares -4% PM. More on Hertz Global Holdings Sell Both Avis And Hertz Before The Car Rental Euphoria Ends Hertz: 4 Reasons To Ignore The Short Squeeze Hertz: I Remain Neutral As Fundamentals Lag The Price Move Hertz Global Holdings Q1 2026 Earnings Preview Spirit Airlines collapse leaves travelers scrambling, rivals offer rescue fares and refund options
Trainer Don Charles guarantees Daniel Dubois' team will not be hosting a party before Saturday's fight against WBO heavyweight champion Fabio Wardley in Manchester.
Trainer Don Charles guarantees Daniel Dubois' team will not be hosting a party before Saturday's fight against WBO heavyweight champion Fabio Wardley in Manchester.
Arko Corp. press release ( ARKO ): Q1 GAAP EPS of -$0.07. Revenue of $1.77M. Adjusted EBITDA for the quarter increased 65.1% to $50.9 million compared to $30.9 million. Same-store merchandise sales excluding cigarettes increased approximately 0.4%, representing the strongest ex-cigarette performance in two years. Merchandise margin for the quarter increased to 33.9% compared to 33.2%. More on Arko...
Arko Corp. press release ( ARKO ): Q1 GAAP EPS of -$0.07. Revenue of $1.77M. Adjusted EBITDA for the quarter increased 65.1% to $50.9 million compared to $30.9 million. Same-store merchandise sales excluding cigarettes increased approximately 0.4%, representing the strongest ex-cigarette performance in two years. Merchandise margin for the quarter increased to 33.9% compared to 33.2%. More on Arko Corp. Arko Corp. (ARKO) Presents at 47th Annual Raymond James Institutional Investor Conference - Slideshow Arko Corp. (ARKO) Q4 2025 Earnings Call Transcript Arko reports mixed Q4 results; introduces FY26 outlook Arko Petroleum prices IPO at $18 per share Seeking Alpha’s Quant Rating on Arko Corp.
Ardmore Shipping press release ( ASC ): Q1 Non-GAAP EPS of $0.58. Revenue of $87.92M (+18.8% Y/Y). As of March 31, 2026, the Company had $283.7 million in liquidity available, with cash and cash equivalents of $47.2 million (December 31, 2025: $46.8 million) and amounts available and undrawn under its revolving credit facilities of $236.5 million (December 31, 2025: $225.4 million). More on Ardmor...
Ardmore Shipping press release ( ASC ): Q1 Non-GAAP EPS of $0.58. Revenue of $87.92M (+18.8% Y/Y). As of March 31, 2026, the Company had $283.7 million in liquidity available, with cash and cash equivalents of $47.2 million (December 31, 2025: $46.8 million) and amounts available and undrawn under its revolving credit facilities of $236.5 million (December 31, 2025: $225.4 million). More on Ardmore Shipping Ardmore Shipping: If Returns Don't Improve, A Takeover Is The Best Path (Downgrade) Ardmore Shipping Corporation (ASC) Analyst/Investor Day - Slideshow Ardmore Shipping Corporation (ASC) Analyst/Investor Day Transcript Ardmore Shipping Q1 2026 Earnings Preview Seeking Alpha’s Quant Rating on Ardmore Shipping
Laurene Powell Jobs, founder and president, Emerson Collective, speaks during the 29th annual Milken Institute Global Conference at the Beverly Hilton in Beverly Hills, California on May 4, 2026. Patrick T. Fallon | Afp | Getty Images A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to...
Laurene Powell Jobs, founder and president, Emerson Collective, speaks during the 29th annual Milken Institute Global Conference at the Beverly Hilton in Beverly Hills, California on May 4, 2026. Patrick T. Fallon | Afp | Getty Images A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Investment firms of ultra-wealthy families stepped up their deal-making in April after a slowdown the month prior triggered by the outbreak of the Iran war. Family offices made 55 direct investments in companies last month, up from 39 in March according to data provided exclusively to CNBC by Fintrx, a private wealth intelligence platform. Nearly a third of April's investments were made in healthcare and life sciences companies. Laurene Powell Jobs' Emerson Collective, her investment and philanthropy firm, joined fundraises for two startups, a seed round for Ultralight and a Series A round for Stipple Bio. Ultralight, an artificial intelligence software platform for personalized healthcare, raised $9.3 million in seed funding from Emerson Collective and other investors. Stipple Bio, a developer of targeted cancer therapies, raised $100 million in the round, which was co-led by Andreessen Horowitz. Family offices' healthcare investments are often inspired by personal experience. Emerson Collective's investment in Stipple Bio was managed by Yosemite, an oncology-focused venture fund founded by Reed Jobs, Powell Jobs' son with Steve Jobs. The Apple co-founder died in 2011 from complications of pancreatic cancer. Also in April, Dolby Family Ventures joined a 53 million euro ($62 million) Series B round for Exciva, a developer of treatments for agitation in Alzheimer's patients. The impact-driven family office was founded by David Dolby in 2014, about a year after his father, billionaire engineer Ray Dolby, died of complications ...
(RTTNews) - FMC Corporation (FMC), an agricultural sciences company, Thursday announced that it has agreed to sell FMC India Private Limited to Crystal Crop Protection Limited, a crop solutions company in India for $252 million.
(RTTNews) - FMC Corporation (FMC), an agricultural sciences company, Thursday announced that it has agreed to sell FMC India Private Limited to Crystal Crop Protection Limited, a crop solutions company in India for $252 million.
Myers press release ( MYE ): Q1 Non-GAAP EPS of $0.44 beats by $0.16 . Revenue of $164.58M (+1.8% Y/Y) misses by $44.72M . Operating Income Margin and Adjusted EBITDA Margin Expanded 450 bps and 420 bps Year-over-year Respectively. Free Cash Flow of $23.9 Million, up 28.5% vs Fourth Quarter Cash flow from operations was $26.7 million, free cash flow was $23.9 million, and capital expenditures were...
Myers press release ( MYE ): Q1 Non-GAAP EPS of $0.44 beats by $0.16 . Revenue of $164.58M (+1.8% Y/Y) misses by $44.72M . Operating Income Margin and Adjusted EBITDA Margin Expanded 450 bps and 420 bps Year-over-year Respectively. Free Cash Flow of $23.9 Million, up 28.5% vs Fourth Quarter Cash flow from operations was $26.7 million, free cash flow was $23.9 million, and capital expenditures were $2.8 million. Net debt as defined by the credit agreement was reduced by $18.3 million with a net leverage ratio of 2.2x. More on Myers Myers Industries: Growth In Industrial And Infrastructure Supports Margins, But Premium Valuation Myers Industries, Inc. (MYE) Q4 2025 Earnings Call Transcript Myers Industries, Inc. 2025 Q4 - Results - Earnings Call Presentation Myers Industries outlines 2026 transformation priorities and targets 3% CapEx of sales while emphasizing margin expansion Myers Non-GAAP EPS of $0.31 beats by $0.08, revenue of $203.97M beats by $1.57M
Cion Investment press release ( CION ): Q1 NII of $0.25 misses by $0.05 . Total investment income of $49.53M (-11.7% Y/Y) beats by $0.41M . Net asset value per share was $13.11 as of March 31, 2026 compared to $13.76 as of December 31, 2025, a decrease of $0.65 per share, or 4.7%. The decrease was primarily due to mark-to-market price adjustments to certain investments in the Company’s portfolio d...
Cion Investment press release ( CION ): Q1 NII of $0.25 misses by $0.05 . Total investment income of $49.53M (-11.7% Y/Y) beats by $0.41M . Net asset value per share was $13.11 as of March 31, 2026 compared to $13.76 as of December 31, 2025, a decrease of $0.65 per share, or 4.7%. The decrease was primarily due to mark-to-market price adjustments to certain investments in the Company’s portfolio during the quarter ended March 31, 2026; More on Cion Investment CION Investment: Deepest Discount Since Inception But Not A Buy Yet CION Investment Corporation (CION) Q4 2025 Earnings Call Transcript CION Investment Corporation 2025 Q4 - Results - Earnings Call Presentation CION outlines $307.5M in new unsecured borrowings while signaling confidence in first lien strategy Cion Investment declares $0.10 dividend
Sabre press release ( SABR ): Q1 GAAP EPS of $0.02 beats by $0.15 . Revenue of $760M (-2.1% Y/Y) beats by $26.49M . Exceeded revenue and Pro Forma Adjusted EBITDA guidance and achieved airdistribution bookings guidance, reflecting continued execution of our growthstrategies and effective cost management• Reaffirming 2026 guidance for Pro Forma Adjusted EBITDA and Free Cash Flow• Grew Marketplace r...
Sabre press release ( SABR ): Q1 GAAP EPS of $0.02 beats by $0.15 . Revenue of $760M (-2.1% Y/Y) beats by $26.49M . Exceeded revenue and Pro Forma Adjusted EBITDA guidance and achieved airdistribution bookings guidance, reflecting continued execution of our growthstrategies and effective cost management• Reaffirming 2026 guidance for Pro Forma Adjusted EBITDA and Free Cash Flow• Grew Marketplace revenue 9% year-on-year, driven by strong bookings and higherbooking fees• Achieved 6% air distribution bookings growth, the highest in over two years• Delivered 27% year-on-year increase in operating income and expanded margintwo percentage points from 13% to 15%• Sabre's AI platform successfully launched first agentic AI experience for travelwith MindTrip and PayPal• Operating income of $116 million, up 27% from Q1'25• Net income attributable to common stockholders of $8 million• Adjusted EBITDA(1) of $159 million, up 21% from Q1'25 More on Sabre Sabre Corporation (SABR) Shareholder/Analyst Call Prepared Remarks Transcript Sabre: Don't Chase The Constellation Rally Sabre Corporation (SABR) Presents at Morgan Stanley Technology, Media & Telecom Conference 2026 Transcript Sabre Q1 2026 Earnings Preview Sabre Corp. jumps after adopting rights plan as Constellation accumulates stake
The owner of crypto exchange Kraken has agreed to pay $600 million for Reap Technologies , a stablecoin-oriented provider of cross-border and business payments services. Kraken parent Payward Inc. is paying cash and stock for the Hong Kong-based company, according to Arjun Sethi , co-chief executive officer of Payward and Kraken. Payward is issuing stock at a valuation of $20 billion, he said. Rea...
The owner of crypto exchange Kraken has agreed to pay $600 million for Reap Technologies , a stablecoin-oriented provider of cross-border and business payments services. Kraken parent Payward Inc. is paying cash and stock for the Hong Kong-based company, according to Arjun Sethi , co-chief executive officer of Payward and Kraken. Payward is issuing stock at a valuation of $20 billion, he said. Reap is Payward’s first infrastructure acquisition in Asia and its third-largest acquisition, Sethi said in an interview. The transaction will result in new business-to-business products, including card issuance and stablecoin payments, he said. “If you take Europe out, the fastest growing market is Asia, not just revenue but also asset-on-platform,” Sethi said. “They have already done it in Asia. They can expand into the US overnight with us.” Reap has a payments business that connects traditional financial systems with digital assets, enabling cross-border money flow. It’s led by Daren Guo, who previously launched the Asia Pacific business for payments firm Stripe , and former investment banker Kevin Kang, its website shows . This year, Payward launched a business-to-business infrastructure platform offering stablecoin payments, digital-asset trading, lending and other services to fintechs, banks, brokerages and regular businesses that are paid in cryptocurrencies. Payward has done a series of acquisitions to build out its product capabilities and regional presence. It announced a deal in April to buy crypto derivatives exchange Bitnomial for as much as $550 million, after striking a $1.5 billion deal last year for NinjaTrader . Payward confidentially filed for an initial public offering late last year.