Allison Transmission Holdings Inc. reported a strong first quarter with net sales of $1.406 billion, an 84% increase year-over-year, largely due to the acquisition of the Allison Off-Highway business. Net income was $112 million, representing 8% of net sales, with adjusted diluted EPS rising 6% to $2.57. The company also announced a dividend increase and stock repurchase, signaling confidence in its growth strategy. Full-year guidance was reaffirmed despite geopolitical uncertainties, expecting continued benefits from the Off-Highway acquisition and strong cash flow generation.
After the US and Iran reached a deal expected to reopen the Strait of Hormuz, the world's largest tanker owner, Mitsui OSK Lines, cautions that shipping companies will wait for proof the agreement works before resuming normal traffic. The strait is c...
YieldMax ETFs have announced their weekly distributions for Group 1 ETFs, with distribution rates ranging from about 25% to over 65%. These ETFs focus on option income strategies across sectors like semiconductors, AI, crypto, and metals. Investors s...
QTREX Quantum Ltd announced that its Additively Manufactured Electronics (AME) technology achieved a 97% yield validation at a major U.S. interconnect manufacturer. This milestone confirms the technology's readiness for high-demand production environ...
Clean Energy Fuels Corp. secured contracts to design and install liquefied natural gas (LNG) fueling systems in Puerto Rico, supporting a pharmaceutical manufacturer and P.R. Energy Partners' luxury residential and hotel operations. These projects wi...
Epson introduced the WorkForce Enterprise AM-C10000, a high-speed color multifunction printer capable of printing 100 ISO pages per minute, designed for busy offices and print services requiring precise color control. It supports heavy workloads with...
