Regal Rexnord reported a 4.2% increase in Q2 2026 sales to $1.56 billion and a 46.7% jump in GAAP net income to $116.8 million, driven by strong order growth and tariff refund benefits. Adjusted EBITDA rose 11.2% to $366.6 million, including a $32 million IEEPA tariff refund. The company narrowed its 2026 EPS guidance to $5.42-$5.92 GAAP and $10.35-$10.85 adjusted, factoring in tariff refunds. CEO Aamir Paul highlighted growth opportunities in eVTOL, robotics, and data centers, while CFO Rob Rehard noted solid sales momentum despite some market headwinds. Regal Rexnord expects to reduce net debt ratio below 3.0x in H2 2026.
On September 21, 2026, Sandisk was added to the S&P 100 index, replacing Nike, which was removed on the same day. This change reflects shifts in market capitalization and company performance within the index. The update is significant for investors t...
Several top analysts, including Cantor Fitzgerald, Guggenheim, Morgan Stanley, and BTIG Research, have raised price targets and upgraded their outlooks for ServiceNow, signaling confidence in the company's long-term growth. Despite this, the stock ha...
Piper Sandler lowered Colgate-Palmolive's price target to $95 due to weak North American demand and rising competition. The company is responding by focusing on premium oral care innovations, expanding the Fabuloso line, increasing advertising, and c...
MillerKnoll is set to report Q3 2026 earnings with analysts expecting $0.35 EPS and $940.93 million in revenue. The North America Contract segment shows strength with higher prices and volumes, while the Global Retail segment struggles due to tariffs...
Rothschild & Co Redburn raised Microsoft's price target from $400 to $440 following strong fiscal 2026 results, with revenue up 18% to $331.8 billion and net income rising 31% to $133.7 billion, driven by cloud and AI demand. Despite the target hike,...
