Kadant Inc. reported a strong first quarter for 2026, with revenue rising 18% to $282 million and bookings reaching a record $321 million, driven by acquisitions and strong demand for aftermarket parts. Despite a slight decline in gross margin, net income increased 6% to $26 million, and adjusted EPS rose 14% to $2.84. The company revised its 2026 revenue guidance upward to $1.178-$1.203 billion but lowered adjusted EPS guidance slightly due to acquisition-related short-term dilution. Kadant expects continued improvement in capital project activity amid geopolitical uncertainties.
Virtuals Protocol has introduced programmable agent wallets that enforce owner-set spending limits and kill switches at the signing layer, protecting funds from AI prompt injection attacks. These wallets operate independently of the AI's decision-mak...
Nvidia is strategically investing in the AI ecosystem by subsidizing major AI infrastructure projects, similar to how a nation-state might operate. This approach is aimed at expanding its future market and creating a strong competitive moat. Early si...
Comvita reported a net profit after tax (NPAT) of $7.7 million for the fiscal year ending June 30, 2026, marking a return to profitability. The company also significantly reduced its debt, normalized inventory levels, and restored positive cash flow....
Six months after the US and Israel launched combat operations in Iran, the conflict remains a stalemate with no clear resolution. The Trump administration has shifted from military action to economic pressure, including secondary sanctions, aiming to...
The U.S. SEC declared Evernorth Holdings' Form S-4 registration effective, allowing Armada Acquisition Corp. II shareholders to vote on the proposed merger on September 30, 2026. This merger would create a Nasdaq-listed company under the ticker XRPN,...
