Earnings Call Insights: Clean Harbors (CLH) Q1 2026 Management View “We kicked off 2026 with better-than-expected Q1 results, including higher profitability in both of our segments,” said Co-CEO Eric Gerstenberg, while noting “challenging weather conditions that impacted our collection and services business in February.” He also highlighted a historical safety metric: “the lowest quarterly total r...
Earnings Call Insights: Clean Harbors (CLH) Q1 2026 Management View “We kicked off 2026 with better-than-expected Q1 results, including higher profitability in both of our segments,” said Co-CEO Eric Gerstenberg, while noting “challenging weather conditions that impacted our collection and services business in February.” He also highlighted a historical safety metric: “the lowest quarterly total recordable incident rate in our history at just 0.39.” On Environmental Services, Co-CEO Gerstenberg said the segment had revenue “increased by more than $40 million due to growth in project services, including PFAS-related opportunities and a considerable amount of emergency response work,” and cited network utilization and volumes including: “Incineration utilization, including the new Kimball incinerator was 80% versus 81% a year ago,” and “landfill volumes… rose by 34% on strength of project work, including PFAS-related claims.” On Safety-Kleen Sustainable Solutions, Co-CEO Michael Battles said the “year-over-year decrease in segment revenue was expected,” but profitability improved as “Q1 adjusted EBITDA in SKSS grew 17% to $33 million,” and the company “more than doubled our rate from Q1 last year” on charge-for-oil, while still collecting “53 million gallons of waste oil to keep our re-refinery running efficiently.” CFO Eric Dugas attributed the quarter’s outperformance to both segments: “Our quarterly results came in ahead of the expectations we outlined in February, driven primarily by SKSS outperformance and continued strong execution from the Environmental Services segment.” Outlook CFO Eric Dugas raised full-year expectations: “We are now guiding to a 2026 adjusted EBITDA range of $1.24 billion to $1.30 billion… an increase of $40 million from our prior guidance,” adding, “we are confident in our revised outlook.” Dugas provided quarterly and segment framing: “we expect second quarter adjusted EBITDA to grow 5% to 9% year-over-year,” and at the midpoint “Environm...
vadishzainer/iStock via Getty Images Market Review The conflict in the Middle East is driving up energy prices and injecting turbulence into asset markets, disrupting what had been a broadly constructive macro backdrop. It is important to stress that we have no direct exposure to Middle Eastern companies, and that revenue exposure to the region is not significant at the portfolio level. “Volatilit...
vadishzainer/iStock via Getty Images Market Review The conflict in the Middle East is driving up energy prices and injecting turbulence into asset markets, disrupting what had been a broadly constructive macro backdrop. It is important to stress that we have no direct exposure to Middle Eastern companies, and that revenue exposure to the region is not significant at the portfolio level. “Volatility is likely to remain elevated, and we continue to monitor developments closely, alert to any signs of deterioration in the long-term fundamentals of the companies we hold.” Potential outcomes in terms of economic growth and corporate earnings will largely hinge on the duration and extent of the conflict. At present, the scene is set for a structurally higher oil price, given the infrastructure damage to energy facilities and the Iranian closure of the Strait of Hormuz to all but a few ‘friendly’ powers. Investors will have to weigh the impact of a sustained rise in energy prices on the consumer, inflation, supply chains, and businesses. International equity markets endured a weak first quarter of 2026 as the Middle East conflict weighed on investor sentiment, although Japan and the UK managed to post small gains. Performance Summary The BNY Mellon International Stock Fund underperformed the MSCI EAFE Index for the first quarter of 2026. Average Annual Total Returns (3/31/26) Share Class / Inception Date 3 Month YTD 1 Year 3 Year 5 Year 10 Year Class A (NAV) / 12/29/06 -4.48% -4.48% 3.10% 1.74% 0.69% 6.40% Class A (5.75% max. load) -9.99% -9.99% -2.82% -0.25% -0.50% 5.78% Class I (NAV) / 12/29/06 -4.36% -4.36% 3.46% 2.06% 1.02% 6.76% Class Y (NAV) / 07/01/13 -4.38% -4.38% 3.52% 2.11% 1.07% 6.79% MSCI EAFE Index -1.24% -1.24% 21.27% 13.62% 7.91% 8.38% Click to enlarge The performance data quoted represents past performance, which is no guarantee of future results. Share price and investment return fluctuate, and an investor's shares may be worth more or less than original co...
On a banner day for semiconductor stocks, Skyworks Solutions was on pace for its worst session in more than a year. The a sector benchmark also referred to as the Philadelphia Semiconductor Index, recorded its largest 25-day rally since the 2000 dot-com bubble through Tuesday’s close. One stock was missing out from the rally: Skyworks fell 11% to $64.46 on Wednesday, heading for its largest single...
On a banner day for semiconductor stocks, Skyworks Solutions was on pace for its worst session in more than a year. The a sector benchmark also referred to as the Philadelphia Semiconductor Index, recorded its largest 25-day rally since the 2000 dot-com bubble through Tuesday’s close. One stock was missing out from the rally: Skyworks fell 11% to $64.46 on Wednesday, heading for its largest single-day decline since a 12% drop in April 2025.
Earnings Call Insights: Ameren Corporation (AEE) Q1 2026 Management View Ameren reported higher quarterly earnings and reiterated full-year guidance, with President, CEO & Chairman of the Board Martin Lyons saying, “Yesterday, we reported first quarter 2026 earnings of $1.28 per share compared to earnings of $1.07 per share in the first quarter of 2025,” and adding, “we reaffirmed our 2026 earning...
Earnings Call Insights: Ameren Corporation (AEE) Q1 2026 Management View Ameren reported higher quarterly earnings and reiterated full-year guidance, with President, CEO & Chairman of the Board Martin Lyons saying, “Yesterday, we reported first quarter 2026 earnings of $1.28 per share compared to earnings of $1.07 per share in the first quarter of 2025,” and adding, “we reaffirmed our 2026 earnings per share growth guidance range of $5.25 to $5.45.” Lyons highlighted pace of investment and reliability outcomes, stating, “we made more than $1.5 billion of infrastructure investments during the first quarter,” and described storm-related benefits including “avoiding 4.3 million outage minutes” and “system automation helped avoid an additional 43,000 customer outages and 12 million outage minutes.” Lyons tied large-load growth to upside and cost allocation, saying, “we continue to expect that the 2.2 gigawatts of ESAs we signed in February represent upside to our sales and earnings forecast,” and added that incremental infrastructure to serve those customers is “all paid for by the counterparties to our ESAs.” Executive VP & CFO Leonard Singh emphasized drivers and a weather headwind, saying, “our ongoing infrastructure investments…continue to be the primary drivers of earnings growth,” while noting, “Ameren Missouri’s first quarter electric retail sales in 2026 were negatively impacted by warmer-than-normal winter temperatures.” Executive VP, CFO & Director Michael Moehn addressed generation execution and procurement, stating, “we have those turbines under contract,” and “we’ve executed the contract with Mitsubishi for that…power island equipment in 2031.” Outlook Singh reiterated the company’s view on 2026, saying, “We remain confident in our 2026 earnings per share guidance range of $5.25 to $5.45.” Singh flagged a cost timing item that management expects investors to incorporate in modeling, stating, “we would expect higher tree trimming costs in 2026, particularly ...
Everyone seems to be excited about the upcoming SpaceX IPO. Valued at a rumored $1.75 trillion, the initial public offering of Elon Musk's space company -- with social media platform X and artificial intelligence company xAI thrown in for good measure -- promises to be the biggest IPO in history . But here's the thing: The SpaceX IPO won't happen till at least one month from now, and probably two ...
Everyone seems to be excited about the upcoming SpaceX IPO. Valued at a rumored $1.75 trillion, the initial public offering of Elon Musk's space company -- with social media platform X and artificial intelligence company xAI thrown in for good measure -- promises to be the biggest IPO in history . But here's the thing: The SpaceX IPO won't happen till at least one month from now, and probably two or three months in the future. No one knows the official IPO date just yet. Meanwhile, three other space companies that you can already buy right now are gearing up to report their latest earnings. Over the next 24 hours, investors will get the latest earnings news from BlackSky (NYSE: BKSY) , Redwire (NYSE: RDW) , and Rocket Lab (NASDAQ: RKLB) . Here's what you need to know about each. Continue reading
Flutter Entertainment Plc elevated FanDuel President Christian Genetski to lead its US betting business, according to person familiar with the company’s plans. He replaces Amy Howe , who served as chief executive officer of FanDuel for more than five years. FanDuel, the largest player in US sports betting, has been challenged by the growth of prediction market players like Kalshi. FanDuel launched...
Flutter Entertainment Plc elevated FanDuel President Christian Genetski to lead its US betting business, according to person familiar with the company’s plans. He replaces Amy Howe , who served as chief executive officer of FanDuel for more than five years. FanDuel, the largest player in US sports betting, has been challenged by the growth of prediction market players like Kalshi. FanDuel launched its own prediction markets app, expanding to all 50 states in January. Genetski has been at FanDuel since 2015, serving previously as chief commercial officer and chief legal officer. He’s led the company’s expansion into prediction markets.
Federal Reserve Bank of Chicago President Austan Goolsbee warns against reflexively lowering interest rates in response to faster productivity growth, as it can sometimes drive up inflation. He speaks at the Milken Institute Global Conference in Beverly Hills, California. (Source: Bloomberg)
Federal Reserve Bank of Chicago President Austan Goolsbee warns against reflexively lowering interest rates in response to faster productivity growth, as it can sometimes drive up inflation. He speaks at the Milken Institute Global Conference in Beverly Hills, California. (Source: Bloomberg)
Earnings Call Insights: Cabot Corporation (CBT) Q2 2026 Management view "I am pleased with our strong execution during the second quarter... delivering adjusted earnings per share of $1.61." (President, CEO & Director Sean Keohane) "The Iran conflict introduced a new dimension of geopolitical uncertainty... [we] implement[ed] countermeasures to address rapidly rising energy and transportation cost...
Earnings Call Insights: Cabot Corporation (CBT) Q2 2026 Management view "I am pleased with our strong execution during the second quarter... delivering adjusted earnings per share of $1.61." (President, CEO & Director Sean Keohane) "The Iran conflict introduced a new dimension of geopolitical uncertainty... [we] implement[ed] countermeasures to address rapidly rising energy and transportation costs to protect profitability." (President, CEO & Director Keohane) "EBIT in Reinforcement Materials segment was $93 million, down 29% from the prior year quarter... [with] 3% higher volumes... more than offset by lower gross profit per ton driven by calendar year 2026 customer agreement outcomes and increased competitive intensity in Asia Pacific." (President, CEO & Director Keohane) "The Performance Chemicals segment delivered a strong quarter with EBIT of $59 million, up 18% from a year ago, supported by continued momentum in our high-value battery materials and specialty carbons product lines." (President, CEO & Director Keohane) "We generated $77 million in cash from operations, which allowed us to return $73 million to shareholders" and "announced a 5% increase in our quarterly dividend... the new dividend rate will be $1.89 per share versus $1.80 per share previously." (President, CEO & Director Keohane) "Battery Materials delivered 43% revenue growth year-over-year... Trailing 12-month EBITDA margins were approximately 24%... and we expect to generate approximately $40 million of EBITDA in fiscal year 2026." (President, CEO & Director Keohane) "We announced targeted asset rationalization actions in South America and Europe... approximately 120,000 metric tons of capacity, targeting an annual run rate cost benefit of approximately $22 million... by the middle of calendar 2027" with "cash cost... approximately $24 million over the next 2 to 3 fiscal years." (President, CEO & Director Keohane) "Adjusted earnings per share for the second quarter of fiscal 2026 was $1.61......
There's no doubt 2024 and 2025 were brutally difficult years for Occidental Petroleum (NYSE: OXY) . During those two years, the stock fell 31%. The tides have turned, however, and Occidental's stock has rebounded by more than 45% since the start of this year. The question for investors now is whether this rally will last or if the rebound is just the result of short-term tailwinds for the oil and ...
There's no doubt 2024 and 2025 were brutally difficult years for Occidental Petroleum (NYSE: OXY) . During those two years, the stock fell 31%. The tides have turned, however, and Occidental's stock has rebounded by more than 45% since the start of this year. The question for investors now is whether this rally will last or if the rebound is just the result of short-term tailwinds for the oil and gas industry . Should you buy, sell, or hold Occidental? Let's have a look at what's going on with the Houston, Texas-based company. There's a lot that has gone right for Occidental in the first four months of this year. In January 2026, the company sold its chemical unit, OxyChem, to former CEO Warren Buffett's Berkshire Hathaway for $9.7 billion. More than half of the sales proceeds went to pay down debt. Management also indicated that a share buyback program would be implemented with the money. Continue reading
blackred Despite lingering concerns surrounding tariffs and geopolitical instability, inflation pressures in the U.S. have remained more contained than many economists anticipated, according to Alan Rechtschaffen, senior global portfolio manager of UBS. Rechtschaffen said advances in artificial intelligence and broader productivity gains could help support economic growth while easing inflationary...
blackred Despite lingering concerns surrounding tariffs and geopolitical instability, inflation pressures in the U.S. have remained more contained than many economists anticipated, according to Alan Rechtschaffen, senior global portfolio manager of UBS. Rechtschaffen said advances in artificial intelligence and broader productivity gains could help support economic growth while easing inflationary pressures over time. He noted that the expected surge in consumer prices tied to trade disruptions and tariffs has yet to fully materialize, signaling that underlying economic conditions may be more resilient than forecasted. He also pointed to falling gasoline prices as a critical factor for consumers, describing energy costs as one of the most visible inflation pain points for households. Rechtschaffen said policymakers are likely to remain focused on lowering costs heading into the election season, particularly as voters continue to prioritize affordability. Beyond inflation, he highlighted artificial intelligence, healthcare innovation, and longevity-focused industries as major long-term investment themes. He added that growing attention toward alternative power sources and energy infrastructure could further reshape economic growth trends, while AI-driven productivity improvements may ultimately reduce the need for aggressive Federal Reserve intervention. Market Tracking ETFs: ( DIA ), ( DDM ), ( DOG ), ( DXD ), ( SDOW ), ( SPY ), ( VOO ), ( IVV ), ( RSP ), ( SSO ), ( UPRO ), ( SH ), ( SDS ), ( SPXU ), ( QQQ ), ( QQQM ), ( TQQQ ), ( QID ), and ( SQQQ ). More on markets BNP Paribas warns that the Middle East conflict will slow global growth and fuel inflation Yields slide as U.S.-Iran deal hopes spark an oil selloff and boost equities Strait of Hormuz reopening odds jump as U.S.-Iran deal talks advance Samsung joins the $1 trillion club as Apple chip talks spark rally Chip stocks post best 25-day stretch since 2000, and these 10 names are standing out