Broadwind has sold its Abilene, Texas wind tower manufacturing facility to IES Infrastructure for up to $19.5 million, marking its strategic exit from the wind market. This follows a previous sale of its Manitowoc facility, allowing Broadwind to focus on higher-growth power generation and critical infrastructure markets. The company plans to reinvest proceeds into expanding machining and specialty manufacturing capabilities and withdraws its 2026 financial guidance due to this shift. Most employees at the Abilene facility will transition to IES Infrastructure after the lease ends in September 2026.
The Honest Company reported Q2 earnings of $0.04 per share, doubling expectations, despite a 10.9% revenue drop due to strategic business exits. Organic revenue grew 6.7%, showing strength in core products, while profitability improved with a gross m...
Loma Negra reported a 2.1% revenue increase in Q2 2026, driven by strategic pricing despite a 1.4% drop in cement volumes amid challenging market conditions in Argentina. The company's adjusted EBITDA fell 2.5%, reflecting margin pressure from extern...
Kornit Digital reported Q2 earnings per share of $0.04, beating estimates and marking a 300% earnings surprise compared to a forecasted loss. Revenue rose 11.2% year-over-year to $55.32 million, driven by demand from screen printers shifting to digit...
Firefly Aerospace reported a record Q2 revenue of $117.7 million, a 657% increase from the previous year, driven by strong growth and acquisition of SciTec. Despite this, the company remains unprofitable, with an adjusted loss of $0.42 per share, bet...
Hikma Pharmaceuticals received buy ratings and increased price targets from Citigroup and Deutsche Bank following stronger-than-expected half-year financial results. The company's core operating profit rose 8.6% to $405 million, beating market expect...
