Kadant Inc. reported strong second quarter 2026 results with revenue rising 23% to a record $313 million, driven by robust demand and acquisitions. Adjusted earnings per share reached a record $3.42, up 26%, while net income increased 24% to $32 million. Despite a slight decline in gross margin due to product mix and acquisitions, the company saw a 30% rise in adjusted EBITDA and a 32% increase in operating cash flow. Kadant raised its full-year revenue and adjusted EPS guidance, anticipating continued growth amid cautious capital spending and geopolitical uncertainties.
A Vice President at WM sold 1,365 shares valued at $300,000. Insider sales like this can indicate the executive's personal financial decisions but do not necessarily reflect the company's outlook. Investors should watch for any further insider activi...
Gold trades near $4,340 and silver near $67 as US-Iran negotiations and oil supply developments influence markets. Brent oil fell below $100 amid hopes for increased supply, easing inflation concerns and potential Fed rate hikes. Gold faces resistanc...
Shares of South Korean solar firms Hanwha Solutions and OCI Holdings rose more than 8% as U.S. restrictions on Chinese solar products remain firm ahead of the Trump-Xi summit. Analysts say the U.S. is unlikely to ease these restrictions due to solar ...
XRP has recovered sharply from a dip near $1.39 to hold around $1.55, maintaining a bullish price structure. The token faces resistance at $1.55, which if cleared decisively, could reduce selling pressure and boost upward momentum. Meanwhile, Binance...
Leidos Holdings was upgraded from Hold to Buy following strong Q2 2026 earnings, with growth in Defense, Homeland, and Intelligence & Digital segments offsetting weakness in Health. The company’s backlog rose to $48.7 billion, with funded backlog up ...
