Ferguson Enterprises reported a 3.6% year-over-year sales increase to $7.50 billion for the March quarter, surpassing estimates. Adjusted EPS rose 9.1% to $2.28, also beating expectations. Growth was driven by 2.8% organic and 0.8% acquisition gains, with U.S. residential sales declining 1% due to weak housing demand, while non-residential demand grew 8%. The company expects low to mid-single-digit sales growth and an adjusted operating margin of 9.4% to 9.8% for 2026, focusing on water infrastructure and large projects despite economic uncertainty.
The FDA has granted traditional approval to Fabhalta (iptacopan), a first-in-class complement inhibitor, for slowing kidney function decline in adults with primary immunoglobulin A nephropathy (IgAN). Fabhalta showed a 48% slower decline in kidney fu...
Corbin Advisors' Q2 2026 survey shows industrial investor sentiment at its highest in five years, with 84% of participants bullish or neutral-to-bullish due to strong order momentum and demand from data centers and AI sectors. Expectations for Q2 rev...
IPG Photonics announced a binding offer to acquire Lumibird Medical for €300 million, with an additional earnout of up to €50 million based on performance. This acquisition will expand IPG's Advanced Solutions portfolio in medical lasers, particularl...
Oil prices increased as tensions escalated between the US and Iran, with Iran threatening to retaliate against regional infrastructure if the US strikes its key facilities. US West Texas Intermediate futures rose 1.32% to $80.09 per barrel, while Bre...
Venezuela's USDT stablecoin trading volume has reached about 75% of its monthly oil export value, reflecting the country's shift to a parallel financial system amid economic sanctions and hyperinflation. The state oil company PDVSA requires prepaymen...
