Stepan Company reported a 102% increase in Q2 2026 net income to $22.9 million, driven by higher sales volumes, margin recovery, and efficiency gains from Project Catalyst. Adjusted EBITDA rose 45% year-over-year to $74.4 million, supported by strong growth in Surfactants and Polymers segments. The company plans to reduce its global salaried workforce by about 100 positions as part of ongoing restructuring efforts, expecting full-year charges of $75-$80 million. Despite market uncertainties, Stepan expects full-year adjusted EBITDA growth, positive free cash flow, and reduced debt in 2026.
Pepeto, a new Ethereum-based cryptocurrency, has launched its page on CoinMarketCap, indicating a Binance listing is near. The project features a working bridge across Ethereum, BNB Chain, and Solana, with zero-cost token transfers and AI contract ch...
Crédit Agricole has signed an agreement to acquire 100% of IKB Deutsche Industriebank, a key financier for Germany's Mittelstand companies. This acquisition strengthens Crédit Agricole's expansion in Germany, Europe's largest economy, aligning with i...
Crédit Agricole has signed an agreement to acquire 100% of IKB Deutsche Industriebank, a key financial partner for Germany's Mittelstand companies. This acquisition aligns with Crédit Agricole's ACT 2028 strategic plan to expand in Europe, particular...
The complicated urinary tract infections (cUTI) market is projected to expand steadily through 2036, driven by increasing antimicrobial resistance, higher rates of recurrent and hospital-acquired infections, and more patients with underlying conditio...
Integrated Power Services (IPS) has acquired Bold Renewables, the exclusive OEM provider of parts and field services for Advanced Energy solar inverters. This acquisition strengthens IPS's renewable energy platform by adding specialized inverter life...
