Graphic Packaging Holding Company reported a 2% increase in net sales to $2.156 billion for Q1 2026, driven by higher volumes and favorable foreign exchange, despite a 2% price decline. The company posted a net loss of $43 million, impacted by non-recurring charges and amortization, but adjusted net income was $28 million. It completed a 90-day business review leading to cost reduction initiatives including workforce cuts and capital spending cuts, aiming to improve profitability and operational efficiency. The company reaffirmed its 2026 guidance, targeting adjusted cash flow of $700 million to $800 million and capital spending around $450 million, focusing on margin expansion, free cash flow acceleration, and sustainable packaging innovation.
Nexans and Hydro have agreed on a five-year contract for about 85,000 tonnes of low-carbon aluminium wire rod to support Europe's electricity grid modernization. This aluminium, produced using 100% renewable energy in Norway, will help reduce carbon ...
Nexans and Hydro have agreed on a five-year supply contract for about 85,000 tons of low-carbon aluminum wire rod to support the modernization and decarbonization of Europe's electrical grid. The aluminum, produced in Norway using 100% renewable ener...
Scilex Holding Company announced a binding term sheet with Kazakhstan-based iHolding Group LLP for a $100 million investment, purchasing about 6.67 million shares at $15 each. This funding aims to support Scilex's strategic growth in healthcare, prod...
Following Shell's interim dividend payment for Q1 2026 on June 29, several senior executives, including CEO Wael Sawan and CFO Sinead Gorman, acquired shares through dividend reinvestment plans. These shares were obtained in respect of shares previou...
The global aliphatic hydrocarbon solvents and thinners market is projected to grow from $5.26 billion in 2026 to $6.81 billion by 2032, at a CAGR of 4.4%. Growth is fueled by rising demand in coatings, adhesives, and industrial maintenance, with mine...
