CSTM

Nordson Corporation NDSN reported third-quarter fiscal 2026 adjusted earnings of $3.25 per share, up 19.0% year over year and 5.2% above the Zacks Consensus Estimate of $3.09. Revenues of $817.67 million increased 10.3% and beat the consensus estimate of $779 million by 5.0%.Broad organic growth across all three segments powered the quarter, with Advanced Technology Solutions leading the expansion. Order momentum also remained strong, with backlog up 35% from the prior-year level. Organic sales increased 11.7% year over year. The net impact of acquisitions and divestitures reduced growth by 1.2%, while currency translation was a 0.2% headwind. The company reported record third-quarter sales in each of its three business segments.Asia Pacific revenues rose 22.2% to $293.76 million, marking the strongest regional increase. Americas sales increased 5.4% to $331.47 million, while Europe revenues advanced 3.1% to $192.43 million. The regional mix showed that growth extended beyond a single market. Industrial Precision Solutions revenues rose 4.7% to $367.25 million. Organic sales increased 3.3%, driven by strength in packaging, industrial coatings, polymer processing and nonwovens product lines. Acquisitions added 0.9%, while currency contributed 0.5%. Segment EBITDA was $129.90 million, with margin at 35%. Medical and Fluid Solutions revenues increased 5.0% to $230.54 million, despite a 5.6% divestiture drag. Organic sales climbed 10.6% on growth in engineered fluid solutions and medical product lines. Advanced Technology Solutions revenues surged 28.4% to $219.88 million, supported by 30.9% organic growth in electronics dispense and test and inspection applications. Advanced Technology Solutions also delivered record EBITDA of $65.70 million, up 58.1%, with margin improving to 30% from 24%. Medical and Fluid Solutions EBITDA rose to a record $88.29 million, while its margin remained at 38%. Nordson Corporation price-consensus-eps-surprise-chart | Nordson Corporation Quote Cost of sales increased 8.6% year over year to $363.94 million. Gross profit rose 11.6% to $453.73 million, while gross margin expanded 70 basis points to 55.5%. Selling and administrative expenses increased 11.7% to $230.64 million.Operating profit jumped 18.8% to $223.09 million. Adjusted operating profit was $225.94 million, up 12.6%. EBITDA increased 10.1% to $262.48 million, while the EBITDA margin held at 32%. Net income rose to $152.85 million from $125.78 million. GAAP earnings were $2.73 per diluted share, up from $2.22 a year earlier. Net interest expense declined to $20.36 million from $25.70 million. For the first nine months of fiscal 2026, cash from operating activities increased 10.5% to $570.47 million. Free cash flow rose 13.5% to $530.16 million. Third-quarter free cash flow was $236.75 million, representing a 144% conversion rate.Nordson exited the quarter with cash and cash equivalents of $113.43 million, compared with $108.44 million at the end of fiscal 2025. Long-term debt declined to $1.53 billion from $1.68 billion, while short-term debt and current maturities fell to $202 million from $315 million. During the first nine months, NDSN paid $137.38 million in dividends, up 3.3% year over year. Treasury-share purchases totaled $158.79 million, down 27.2% from the prior-year period. Capital spending totaled $40.31 million, compared with $49.00 million a year ago.The company repaid a net $258.03 million of debt during the period. Management also highlighted $1.1 billion of near-term capacity for strategic acquisitions, while net debt leverage improved to 1.7 times trailing 12-month EBITDA from 2.1 times at the end of fiscal 2025. Nordson now expects fiscal 2026 sales of $3,035-$3,075 million, up from the prior $2,930-$3,010 million range. Adjusted earnings are projected at $11.80-$12.00 per share, compared with the previous $11.30-$11.80 range. The revised outlook calls for sales growth of 9-10% and adjusted earnings growth of 15-17%. Management expects the strong sales pace from the first nine months to continue into the fourth quarter, supported by order-entry momentum and strength in key end markets. Foreign currency is expected to have a neutral impact on fourth-quarter sales if rates remain at current levels. The company currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Constellium SE CSTM came out with quarterly earnings of $1.04 per share in the second quarter of 2026, beating the Zacks Consensus Estimate of $0.91 per share. This compares with earnings of $0.25 per share a year ago.Constellium posted revenues of $2.75 billion for the quarter ended June 2026, missing the Zacks Consensus Estimate by 3.5%. This compares with year-ago revenues of $2.1 billion.Generac Holdings Inc. GNRC came out with quarterly earnings of $2.91 per share in the second quarter of 2026, beating the Zacks Consensus Estimate of $1.95 per share. This compares with earnings of $1.65 per share a year ago.Generac Holdings posted revenues of $1.17 billion for the quarter ended June 2026, missing the Zacks Consensus Estimate by 0.37%. This compares with year-ago revenues of $1.06 billion.Graco Inc. GGG reported second-quarter 2026 adjusted earnings of 91 cents per share, up 17% from 78 cents in the year-ago quarter. The bottom line surpassed the Zacks Consensus Estimate of 81 cents by 12.4%.The company’s net sales rose 3% year over year to $590.6 million but lagged the consensus estimate of $609 million by 3%. Organic order backlog (excluding acquisitions) rose 28% from the end of 2025. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Nordson Corporation (NDSN) : Free Stock Analysis Report Graco Inc. (GGG) : Free Stock Analysis Report Generac Holdings Inc. (GNRC) : Free Stock Analysis Report Constellium SE (CSTM) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Helios Technologies, Inc. HLIO reported strong second-quarter 2026 performance, driven by broad-based sales growth and improved profitability. Adjusted earnings were 88 cents per share, up 49% year over year, and beat the Zacks Consensus Estimate of 80 cents by 10%. Revenues came in at $231.9 million, up 9% year over year, and topped the consensus mark of $230.4 million by 0.7%. On a non-GAAP basis, Helios also emphasized that sales grew 16% on a pro forma basis, reflecting the divestiture of Custom Fluidpower (“CFP”) and the impact of foreign exchange. Reported sales were weighted to the Americas, which accounted for 52% of total revenues, while EMEA and APAC represented 26% and 22%, respectively. The top line exceeded expectations as both business segments contributed, with sales growth across the Americas and EMEA and overall APAC revenues also increasing year over year. Electronics segment’s sales increased 19% year over year to $85.5 million, driven by gains across all regions. Americas sales rose 17% to $63 million, EMEA revenues increased 7% to $9.1 million and APAC sales surged 43% to $13.4 million. Segment gross margin improved 530 bps to 34.6%, while operating income rose 90% to $11.2 million. Hydraulics segment’s sales rose 4% to $146.4 million. Americas sales increased 6% to $57.2 million and EMEA revenues advanced 12% to $51.8 million, while APAC sales declined 8% to $37.4 million. On a pro forma basis for the CFP divestiture, APAC Hydraulics sales increased year over year. Segment gross margin increased 160 bps to 34.6%, and operating income rose 16% to $28.9 million. Helios Technologies, Inc price-consensus-eps-surprise-chart | Helios Technologies, Inc Quote Gross profit rose 19%, with the gross margin expanding 280 basis points to 34.6%, supported by higher volume, favorable segment mix, the CFP divestiture and a benefit from IEEPA tariff refunds. Operating income increased 48% to $32.5 million, with operating margin improving 370 basis points (bps) to 14.0%. Adjusted EBITDA margin expanded 260 bps year over year to 21.2%, reflecting gross margin expansion and operating expense leverage, partly offset by research and development investments, employee benefit-related costs and an isolated bad debt expense. Management also highlighted record second-quarter operating cash generation. In the first six months of 2026, Helios generated net cash of $65.8 million from operating activities compared with $56 million in the year-ago period. Capital expenditure totaled $18 million in the same period, up 56.5% year over year. Free cash flow was $47.8 million in the first six months. Exiting the first six months of 2026, the company had long-term non-revolving debt of $226.1 million, down from $256.2 million at the end of 2025. Net debt-to-adjusted EBITDA improved to 1.4x compared with 2.6x in the year ago period, underscoring continued progress on deleveraging. Helios exited the period with cash and cash equivalents of $68 million compared with $73 million at the end of 2025. The company maintained its quarterly dividend at 12 cents per share and paid its 118th consecutive quarterly dividend during the second quarter. Helios also repurchased 149,000 shares for $10.6 million during the first six months of 2026. For 2026, Helios raised its revenue outlook to $880-$900 million from $840-$870 million. The company now projects an adjusted EBITDA margin of 20.2-21.0%, compared with 19.5-21.0% previously, and non-GAAP earnings per share of $3.05-$3.25, up from $2.75-$3.00. For third-quarter 2026, the company issued an outlook calling for revenues of $215-$222 million, adjusted EBITDA margin of 19.8-20.6% and adjusted earnings of 70-77 cents per share. The company currently carries a Zacks Rank #3 (Hold).You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Constellium SE CSTM came out with quarterly earnings of $1.04 per share in the second quarter of 2026, beating the Zacks Consensus Estimate of $0.91 per share. This compares with earnings of $0.25 per share a year ago.Constellium posted revenues of $2.75 billion for the quarter ended June 2026, missing the Zacks Consensus Estimate by 3.5%. This compares with year-ago revenues of $2.1 billion.Generac Holdings Inc. GNRC came out with quarterly earnings of $2.91 per share in the second quarter of 2026, beating the Zacks Consensus Estimate of $1.95 per share. This compares with earnings of $1.65 per share a year ago.Generac Holdings posted revenues of $1.17 billion for the quarter ended June 2026, missing the Zacks Consensus Estimate by 0.37%. This compares with year-ago revenues of $1.06 billion.Graco Inc. GGG reported second-quarter 2026 adjusted earnings of 91 cents per share, up 17% from 78 cents in the year-ago quarter. The bottom line surpassed the Zacks Consensus Estimate of 81 cents by 12.4%.The company’s net sales rose 3% year over year to $590.6 million but lagged the consensus estimate of $609 million by 3%. Organic order backlog (excluding acquisitions) rose 28% from the end of 2025. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Helios Technologies, Inc (HLIO) : Free Stock Analysis Report Graco Inc. (GGG) : Free Stock Analysis Report Generac Holdings Inc. (GNRC) : Free Stock Analysis Report Constellium SE (CSTM) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Image source: The Motley Fool. Wednesday, July 29, 2026 at 10 a.m. ET Director of Investor Relations - Jason Hershiser Chief Executive Officer - Ingrid Joerg Chief Financial Officer - Jack Guo Operator: Good day. Welcome to the Constellium second quarter 2026 results conference call. At this time, all participants are in a listen-only mode. After the speaker presentation, there will be a question and answer session. To ask a question during the session, you will need to press star one on your telephone. You will then hear an automated message advising your hand has been raised. To withdraw your question, please press star one again. Please be advised that today's conference is being recorded. It is now my pleasure to introduce Director of Investor Relations, Jason Hershiser. Jason Hershiser: Thank you, Andrew. I would like to welcome everyone to our second quarter 2026 earnings call. On the call today, we have our Chief Executive Officer, Ingrid Joerg, and our Chief Financial Officer, Jack Guo. After the presentation, we will have a Q&A session. A copy of the slide presentation for today's call is available on our website at constellium.com. Today's call is being recorded. Before we begin, I'd like to encourage everyone to visit the company's website and take a look at our recent filings. Today's call may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include statements regarding the company's anticipated financial and operating performance, future events and expectations, and may involve known and unknown risks and uncertainties. For a summary of specific risk factors that could cause results to differ materially from those expressed in the forward-looking statements, please refer to the factors presented under the heading Risk Factors in our annual report on Form 10-K. All information in this presentation is as of the date of the presentation. We undertake no obligation to update or revise any forward-looking statement as a result of new information, future events, or otherwise, except as required by law. In addition, today's presentation includes information regarding certain non-GAAP financial measures. Please see the reconciliations of non-GAAP financial measures attached in today's slide presentation, which supplement our GAAP disclosures. With that, I would now like to hand the call over to Ingrid. Ingrid Joerg: Thank you, Jason. Good morning, good afternoon, everyone, and thank you for your interest in Constellium. Before we start, I wanted to say we are very pleased with the second quarter performance, including record Adjusted EBITDA. During the quarter, we benefited from strong operational focus, cost control, and improved market dynamics. As a result, we achieved stronger financial performance across all of our operating segments compared to last year and compared to last quarter. Given our record performance in the quarter and in the first half, and our improved outlook for the second half, we are raising our outlook for the full year. As we said previously, we expect 2026 to be a record year for the company, both in terms of Adjusted EBITDA and Free Cash Flow. Let's begin on slide number five and discuss the highlights from our second quarter performance. I would like to start with safety, our number one priority. We delivered strong safety performance in the second quarter with a recordable case rate of 1.5 per million hours worked. This brings our year-to-date recordable case rate to 1.3 per million hours worked versus 1.9 in 2025. Despite this strong achievement, our safety journey is never complete and we remain focused on this critical priority every day. Turning to our financial results, which were ahead of our own expectations despite macroeconomic and geopolitical uncertainties. During the quarter, we benefited from current market dynamics, including an improved Aerospace and TID environment, supply shortages of automotive raw products in North America, and strong recycling performance in both North America and Europe. Shipments were 381,000 tons in the second quarter, as higher shipments in A&T were offset by lower shipments in PARP. Revenue of $2.7 billion increased 31% compared to the second quarter of 2025 due to higher revenue per ton, including higher metal prices. Remember, while our revenues are affected by changes in metal prices, we operate the pass-through business model, which reduces our exposure to metal price risk. Our net income was $148 million in the quarter, compared to net income of $36 million in the second quarter last year. The main driver of the increase was higher gross profit in the quarter versus last year. Compared to the second quarter last year, Adjusted EBITDA increased over 200% to $439 million in the second quarter this year. This includes a positive non-cash impact from metal price lag of $129 million. If we exclude the impact of metal price lag, which as you know, is the way we view the real economic performance of our business, we achieved an Adjusted EBITDA of $310 million in the quarter. This represents an all-time record for the company and is up 88% versus the $165 million in the second quarter last year. Adjusted EBITDA was up in each of our operating segments in the quarter versus last year, including a new quarterly record for both A&T and PARP. Our Free Cash Flow was $90 million in the quarter, and during the quarter, we've returned $20 million to shareholders through the repurchase of 623,000 shares. We ended the quarter with leverage at 1.8 times. Earlier this week, we completed the $100 million partial redemption of the senior notes due in June 2028. Before turning the call over to Jack, I wanted to make a few comments regarding the expected impact from the conflict in the Middle East. In terms of metal supply, we do source some metal from the Middle East today, both slabs and billets, but they represent a small percentage of our overall needs. As such, we believe the impact on metal supply for us is limited at this stage, and we should be able to resource through a combination of internal and external metal flows. On energy, most of our energy costs are locked in for 2026. In other cost categories, we are seeing some inflationary pressures in freight, lubricants, and coatings, but we expect the net impact from this to be manageable. We currently do not expect any impact on our supply chain from the lack of freight capacity. In terms of other indirect impacts from the Middle East conflict, we have not seen much end market disruption at this stage, we continue to monitor it closely. To wrap up on this topic, the overall impact from the conflict in the Middle East appears digestible at this point. The longer-term impacts remain uncertain and difficult to predict, but we are confident in our ability to manage our business in any environment. With that, I will now hand the call over to Jack for further details on our financial performance. Jack Guo: Thank you, Ingrid. Thank you everyone for joining the call today. Please turn now to slide seven, let's focus our A&T segment performance. Adjusted EBITDA of $135 million increased 61% compared to the second quarter last year and represents a new quarterly record for A&T. Volume was a tailwind of $40 million due to higher shipments in both aerospace and TID. Aerospace shipments were up 14% in the quarter versus last year as a result of improved demand. TID shipments were up 26% versus last year due to an improved market environment, including increased demand from onshoring in the U.S. TID also benefited from automotive coil shipments from Ravenswood due to the supply disruption in automotive raw products in North America. Price and mix was a tailwind of $16 million, mostly due to improved contractual and spot pricing in aerospace and TID. Costs were a headwind of $7 million, primarily as a result of higher operating costs given higher activity levels. FX and other was a tailwind of $2 million in the quarter due to the weaker U.S. dollar. Now turn to slide eight, let's focus on P&ARP segment performance. Adjusted EBITDA of $165 million increased 123% compared to the second quarter last year, also represents a new quarterly record for P&ARP. Volume was a headwind of $5 million in the quarter as higher automotive shipments were more than offset by lower packaging shipments. Packaging shipments decreased 9% in the quarter versus last year, though underlying packaging demand remained healthy in both North America and Europe. Automotive shipments increased 15% in the quarter as we benefited from the supply shortages in North America of aluminum automotive body sheet. Price and mix was a tailwind of $20 million as a result of improved pricing and favorable mix in the quarter. Costs were a tailwind of $74 million, which includes favorable metal costs given continued improvement in scrap spreads, significantly higher metal pricing environment in North America, and higher throughput and improved productivity in our recycling operations in both North America and Europe. FX and other was a tailwind of $2 million in the quarter. Now turn to slide nine, let's focus on our AS& segment. Adjusted EBITDA of $26 million increased 44% compared to the second quarter last year. Volume was stable as shipments in both automotive and industry extruded products were flat compared to last year. Price and mix was a $5 million headwind in the quarter. Costs were a tailwind of $12 million, primarily due to lower operating costs. FX and other was a tailwind of EUR 1 million in the quarter. It is not on the slide here, but our holdings and corporate expense was EUR 16 million in the quarter. Holdings and corporate expense was up EUR 4 million from last year, mainly due to higher labor costs and unfavorable foreign exchange translation. For the full year in 2026, we now expect holdings and corporate expense to run at approximately EUR 55 million. It is also not on the slide here, but I wanted to summarize the current cost environment we're facing. As you know, we operate a pass-through business model. We're not materially exposed to changes in the market price of primary aluminum, our largest cost input. Our other metal costs, which includes our recycling profits, we continue to benefit from the current market dynamics in the second quarter, including the highly favorable scrap and metal pricing environment. Looking to the second half of the year, our scrap needs are essentially locked in for the third quarter, and a large portion are locked in for the fourth quarter, both at favorable levels. We expect other metal costs to remain favorable in the second half of the year, though at a more modest level than the first half. From a year-over-year basis, we expect the benefit in other metal costs to taper off as we move through the rest of the year. It is important to bear in mind that recycling is core to what we do, as it takes a significant amount of investment and know-how, and we're focused on making the best out of the current favorable conditions and delivering a strong return on our recycling investments for our shareholders. Moving on from metal costs. Inflationary pressures continue today across multiple operating cost categories, including labor, energy, maintenance, and supplies, albeit at more normal levels. As Ingrid mentioned previously, we're beginning to see some elevated inflationary pressures in other categories such as freight, lubricants, and coatings as a result of the conflict in the Middle East, though we expect the net impact from this to be digestible at this point. Regarding tariffs, we have made progress on pass-throughs and other actions to mitigate a portion of our gross tariff exposure, and we believe at this stage our direct tariff exposure remains manageable. The indirect positive impacts from the tariffs continue to ramp up, including higher demand for U.S. domestically produced aluminum products, a more favorable pricing environment compared to expensive imports, and improved recycling profits in the U.S. Put it all together, we continue to believe that the current tariff and trade policies are a net positive for us. Based on our views of the known tariff impacts, both direct and indirect, and all of our mitigation efforts to offset the direct impacts, are including our guidance today. Wrapping up on costs, we have demonstrated strong cost performance in the past, and we're confident in our ability to maintain a right-sized cost structure in any environment. Let's turn to slide 10 and discuss our Free Cash Flow. We generated EUR 90 million of Free Cash Flow in the second quarter, bringing our year-to-date total to EUR 95 million. The year-over-year increase in the first half is a result of higher segment-Adjusted EBITDA, partially offset by an unfavorable change in working capital, higher CapEx, and higher cash taxes. Looking at 2026, we have increased our target for Free Cash Flow generation to more than EUR 300 million for the full year. We expect CapEx to be approximately EUR 330 million, which is unchanged from previous guidance. As a reminder, CapEx this year includes approximately EUR 100 million of return-seeking CapEx, primarily related to key aerospace and recycling and casting projects we announced previously at Issoire, Muscle Shoals, and Ravenswood. We expect cash interest of approximately EUR 125 million, in line with prior guidance, and cash taxes of approximately EUR 105 million, up from prior guidance mainly due to increased profitability. We expect working capital and other to be a larger use of cash for the full year than prior guidance, mainly due to higher metal prices. We expect to use the Free Cash Flow generated this year for our share repurchase program and for debt reduction. As Ingrid mentioned previously, we continued our share buyback activities in the quarter. During the quarter, we repurchased 623,000 shares for EUR 20 million, bringing our year-to-date total to 1.8 million shares for EUR 48 million. Since we started the share repurchase program in 2024, we have repurchased 15.3 million shares for EUR 241 million, or around EUR 15.75 per share. As of the quarter end, we have approximately EUR 287 million remaining our current share repurchase program that expires in December 2028. Let's turn to slide 11 and discuss our balance sheet and liquidity position. At the end of the second quarter, our net debt of EUR 1.8 billion was down EUR 64 million compared to the end of 2025. We reduced our leverage to 1.8 times by the end of the quarter, which is well within our target range. We expect leverage to trend lower in 2026 and to maintain our target leverage range of one and a half to two and a half times over time. As you can see in our debt summary, the earliest bond maturity we have is the EUR 325 million, 5.625% Senior Notes due June 2028. Earlier this week, we completed a EUR 100 million partial redemption of those notes, leaving EUR 225 million in aggregate principal outstanding. Our liquidity increased by EUR 192 million from the end of 2025 and remains very strong at over EUR 1 billion as of the end of the second quarter. With that, I'll now hand the call over to Ingrid. Ingrid Joerg: Thank you, Jack. Let's turn to slide number 13 and discuss our current end market outlook. The majority of our portfolio today is serving end markets benefiting from durable and attractive secular growth trends, in which aluminum, a light and infinitely recyclable material, plays a critical role. Turning first to the aerospace market. Aerospace demand improved during the first half of the year and is running ahead of our expectations coming into the year. Commercial aircraft backlogs are at record levels today and continue to grow. Major aerospace OEMs remain focused on increasing build rates for both narrow and wide body aircraft. This is evidenced by higher plane deliveries year-over-year and rising delivery ambitions in the near term. As such, we believe that aluminum destocking in the supply chain has and will continue to ease. Demand for high-value add products, which is one of our core focus areas, remains strong. We remain confident that the long-term fundamentals driving commercial aerospace demand continue to be intact, including growing passenger traffic and greater demand for new, more fuel-efficient aircraft. In addition, demand remains stable in the business and regional jet market, whereas demand for space and military aircraft is robust. We believe we are a leading provider of proprietary aluminum solutions for those customers in the space and military aviation markets today. As you know, we are investing in additional capacities and capabilities such as our third Airware cast house in Issoire. I'm pleased to announce the cast house is up and running, and we have begun customer qualifications. We expect the cast house to ramp up in 2027, and it will further strengthen our leadership position in the future. Looking across our entire commercial and military aviation and space businesses, we believe our product portfolio is unmatched in the industry, and we have industry-leading R&D capabilities for aluminum aerospace solutions. Turning now to packaging. Demand remains healthy in both North America and Europe, the long-term outlook for packaging continues to be favorable. This is supported by the growing consumer preference for the sustainable aluminum beverage can, capacity growth plans from the can makers in both regions, the greenfield investments ongoing here in the U.S. We continue to see aluminum gain share against other substrates in the beverage market, the majority of new beverage products are launched in aluminum cans today due to its sustainable attributes. Aluminum cans are highly recyclable, we are well-positioned to capitalize on the benefits from recycling packaging materials at our facilities in Muscle Shoals and Neuf-Brisach. Packaging markets are relatively recession-resilient, with stable growth as we've seen in the past. Longer term, we continue to expect packaging markets to grow low to mid-single digits in both North America and Europe, providing a strong base load for operations in both regions. Let's turn now to automotive, which continues to be a bit of a different story in North America versus Europe. In North America, demand is resilient despite an uncertain macro environment. Last year, a U.S.-based facility of another aluminum supplier was impacted by fire, a very unfortunate event, which created an interruption in the aluminum rolled product supply chain in North America. The entire industry mobilized to ensure we limit the impacts on our customers. In the second quarter this year, both P&ARP and A&T businesses continue to help our customers during this outage. On the automotive structure side, we are negatively impacted by the outage as some OEMs were forced to reduce production on certain platforms impacted by the disruption on the rolled product side. The overall impact in 2026 is a net positive on our results, which we expect to continue throughout the year but starts to taper off in the third quarter. Automotive demand in Europe remains weak, particularly in the premium vehicle segments where we have greater exposure. European markets are seeing increased Chinese competition today on the BEV side, European OEMs are also facing stiffer competition in Chinese auto markets. Longer term, we believe electric and hybrid vehicles will continue to grow, at a lower rate than previously expected. Secular trends such as lightweighting, fuel efficiency, and safety will continue to drive the demand for aluminum products. As a result, we remain positive on this market over the longer term. As you can see on the page, these three core end markets represent over 80% of our last 12 months revenue. Turning lastly to other specialties. These markets are typically dependent upon the health of the industrial economies in each region, including drivers like the interest rate environment, industrial production levels, and consumer spending patterns. Industrial market conditions in North America and Europe became more stable in the second half of 2025, and we believe the markets, particularly in Europe, have bottomed after a prolonged downturn. We believe TID markets in North America provide us with many opportunities today, given the current tariffs make imports less competitive compared to domestic production, and you see this in our results in the first half. These include opportunities in land-based defense, semiconductor, and commercial transportation, among other markets. As you know, we are focused on niche, high value-added applications in most industrial markets. To conclude on the end markets, we like the fundamentals in each of the markets we serve, and we strongly believe that the diversification of our end markets is an asset for the company in any environment. Turning lastly now to slide number 14, we detail our key messages and financial guidance. Our team delivered strong second quarter results that were ahead of our expectations, despite ongoing macroeconomic and geopolitical uncertainties. We achieved record quarterly Adjusted EBITDA, returned EUR 20 million to shareholders with the repurchase of 623,000 shares, and reduced our leverage to 1.8 times. I want to thank each of our Constellium team members for their relentless focus on execution, which continues to drive our strong performance. Even though the current landscape remains volatile, we have a strong track record of navigating and executing in any environment. Based on our current outlook for 2026, we are now targeting Adjusted EBITDA, excluding the non-cash impact of metal price lag, in the range of EUR 980 million-EUR 1.02 billion, and Free Cash Flow in excess of EUR 300 million. With this revised guidance, we now expect to achieve our 2028 targets two years ahead of schedule. Our guidance assumes the recent demand trends in our end markets that I described earlier will continue, and the overall macroeconomic environment will remain relatively stable. Looking ahead, we like our end market position, and we are optimistic about our prospects, which include harvesting the benefits from our previously announced return-seeking investments and capturing future market opportunities. To conclude, we are extremely well-positioned for long-term success. Our focus remains on executing our strategy and increasing shareholder value. With that, operator, I will now open the Q&A session. Operator: Thank you. As a reminder, to ask a question, please press *11 on your telephone and wait for your name to be announced. To withdraw your question, please press *11 again. One moment, please. Our first question comes from the line of Corinne Blanchard with Deutsche Bank. Corinne Blanchard: Hey, good morning, team. Congratulations on the very strong quarter and the EBITDA raise. Two questions. Maybe the first one, can you help us understand the gap or the bridge to the second half of the year? You had very strong 1Q and 2Q, and even with the guidance and the outlook rates for the year, it does imply, I would say, a softer second half. Can you try to bridge what are the key puts and takes, and where could it get better, actually, than maybe the implied guidance? Ingrid Joerg: Thank you very much, Corinne. Good morning. I start, then I'll let Jack complete. As you know, we always have some seasonality between the first half and the second half of the year. We have lower demand in summer and in December, particularly in our European operations, we tend to schedule our planned outages and major maintenance activities during these times, which is why we also have a little bit of a higher maintenance cost in the second half of the year. As you know, also last year, we had some positive one-offs in Q3 in our AS&I segment, we had a particularly strong Q4 of our A&T segment. If you think at the normal cadence between first half and second half, we are actually very close to historic proportion between first and second half of the year. Jack. Jack Guo: I think Ingrid already alluded to this point, remember, the metal and recycling market environment was quite adverse in the first half of 2025, the market stabilized in the third quarter of 2025, improved significantly in the fourth quarter. Compared to 2025, you would expect more benefits in the first half of this year, the second half with the incremental recycling benefits to begin to taper off. Corinne Blanchard: Okay. Thank you. Maybe the second question. I know everyone is probably wanting to get an answer there. Can you talk about the scrap spread? Obviously, it has been a tailwind for the first six months or even late last year, and I think has really supported your share price. We have seen a compression recently in North America. How do you view the potential impact later this year? Coming with that question, how do we think about 2027? Jack Guo: I'll start. On the scrap spreads, well, first of all, I think in terms of volume, as we mentioned, we're mostly locking for the back half of the year, and the spreads at which we have locked in are actually quite favorable, and they're, believe it or not, similar to the first half of the year. I think the compression you're alluding to occurring is more of the metal price movement, the downward pressure on the metal price movement. I would say that, looking at our guidance today, the market conditions, where the metal price in the market has now moved closer to now our revised assumptions for the back half of the year. I think it's really important to keep in mind that, look, we control what we can control. Productivity and recycling is really important outside of the market factors. That includes optimizing the most favorable types of scrap, enhance productivity, enhance consumption, reducing melt loss. We're focused on maximizing the returns on the recycling investments there. In terms of 2027, I would say it's still a little early for us to comment on the 2027. We're trying. I would say the dealers are probably more in a little bit of a wait-and-see mode at the moment. Ingrid Joerg: Sorry, I was on mute. Thank you. I appreciate that. I pass it on. Operator: Thank you. Our next question comes from the line of Katja Jancic with BMO Capital Markets. Katja Jancic: Hi. Thank you for taking my questions. Maybe starting on the fact you basically reached your 2028 EBITDA target, and I know there are puts and takes, but can you maybe discuss some of those puts and takes when we look to 2027 and 2028, or how we should think about EBITDA moving forward from 2026? Ingrid Joerg: Yes. Thank you very much, Katja. Good morning. Let me start, then I let Chuck complement as usual. I think we gave a really strong outlook for 2026 today, and that includes, as you know, a very favorable scrap and metal environment in North America, as well as automotive opportunities unrelated to the market performance. We're very confident with our 2026 guidance, given that we have much better visibility now into the second half of the year, and we expect a record performance for the company in 2026. If you think beyond that, the strategic development of the company remains unchanged, and 2028 was more of a milestone than a destination for us. If you think in terms of future development for the company, we are continuing our strategy that we have laid out before. We have our strategic pillars of returning to better operational performance in Muscle Shoals and Valais after the flooding, which I think we can say we have successfully achieved. We have our other pillars around investments, around markets and market recovery, and then execution and cost control with our Vision 2028 program. If I start with the investment side, you know we have our recycling center in Fayssac that is ramping to full capacity in 2027. We'll have our casting complex in Muscle Shoals that is going to come online in 2027 as well. We have our two new casting complexes in Ravenswood, with the first one coming online in 2028. All of these investments are targeted to reduce the metal cost for the company, and support as well our growth. We have our Airware cast house that, as I just explained, we have started up on time and within budget. We are currently doing customer qualifications, and we expect to ramp up this growth investment in 2027, which will help us to benefit from a market recovery that is happening right now in the aerospace segment. No change here. These will support our continued growth in the markets where the markets are actually either growing or remaining stable or resilient, like for example, automotive in the U.S. I think in terms of markets, aerospace, you have seen that the volumes have started to grow. We see a continued easing in the supply chain for both Airbus and Boeing. This is going to be a trend for several years in a row. Automotive is resilient in North America. Europe remains below our initial expectations. European industrial markets have bottomed out, and we are seeing some small improvements on the hard alloy extrusion side. TID markets are strong in commercial transportation in North America and semiconductor markets for plate. Packaging remains very stable with growth both in the U.S. and in Europe. We intend to benefit from the market recovery and continued market growth, in all our segments, and we feel we are very well-placed to be successful in those core markets. Last but not least, we are really targeting a step change in operational performance. Efficiently load our assets and control our cost with our Vision 2028 program. If we take everything together, we feel very confident with the strategy we've laid out, and we think we have lots of opportunities ahead of us to continue to grow the company. Katja Jancic: Maybe just a quick one on the energy costs. I know you mentioned you're locked in for 2026. Can you talk about how much of your energy costs are locked in for 2027 at this point? Jack Guo: Katja, yeah, absolutely. We have a three-year hedging program that's on a rolling basis. At this point, more than 50% of the energy consumption forecasts are locked in for 2027. Katja Jancic: Thank you. Ingrid Joerg: Thank you. Operator: Thank you. Our next question comes from the line of Bill Peterson with JPMorgan. Bill Peterson: Yeah. Hi, good morning, and thanks for taking the questions and nice job on the financial performance. Sorry to kind of beat a dead horse here, is there a way you can quantify the maximum headwind that you experienced on scrap spreads in 2024 and early part of 2025 versus maybe what might appear to be a maximum tailwind that you've had here in the first half, so investors can better understand sort of a snapshot of the company's true earnings power? Scrap spreads aside, you've talked about all the qualitative things you have ahead of you, the Airware cast house, Ravenswood, slab caster, maybe there's uplifts from taxing contracts, can you help us quantify what the benefits could be on those items into 2027? Thanks. Jack Guo: Bill, I don't think we will quantify the maximum headwinds or tailwinds. I would say, a way to sort of understand directional benefits, is to take a look at the cost bucket for PARP, in each of the quarters, and you'll see a large portion of that is driven by whether it's adverse headwinds or tailwinds from the additional recycling activities. Again, there is a market element to this, there are things within our control, we're consuming more scrap that's more optimal for our operations. I wouldn't discount the efforts we're putting into the recycling benefits either. Bill Peterson: On the second question on what's under your control and how that could uplift for next year. Ingrid Joerg: I think it was related to our investments, correct, Bill? Bill Peterson: All the investments you have ahead of you should raise your sort of core earnings power beyond scrap spreads. Ingrid Joerg: I think we have the Nostitz Recycling Center that is going to run at full capacity. It's incremental to this year's performance because we are already running at high utilization rates. I think what is not included in 2026 is our Airware investment. That cast house, if qualified successfully, will start operating in 2027 and gradually ramp through the year, and support our aerospace segment, our A&T segment. The Ravenswood investments are going to come in 2028 only. The Muscle Shoals cast house is also cost reduction project will come in towards the second half of the year more in terms of benefits, gradually ramp up. Bill Peterson: Okay. Thanks for that. Ingrid Joerg: Sorry, just to complete, Bill. I think we said all of them are over 15% IRR, and obviously some are more attractive than that. Jack Guo: The only other thing I'll add is, look, understand the excitement about recycling benefits, but it's one of the cylinders in our engine, as we said in the past or other cylinders for future growth as laid out by Ingrid. Bill Peterson: No, that makes sense. This is somewhat conceptual, but the EU seems to be considering a ban or export duties on aluminum scrap, I guess the proposal is expected in September. Should EU ban or reduce exports, how should we think about that in terms of scrap spreads, both in the U.S. and in Europe? Ingrid Joerg: I think it's still under debate. There won't be an export ban. It's going to be an export tax from what we know today. There should be a decision in September. As an industry association, we have asked for a 30% export tax. Having experience with the European Commission, probably the 30% is not going to be realistic, we nevertheless expect that this is going to come. Most likely, no impact before beginning of 2027, because after it has been decided, needs to be voted by the member states. It's definitely going to support scrap spreads in Europe, and it's good for our recycling investment in Nostitz. Bill Peterson: Thanks, Ingrid. Thanks, Jack, for all the information. Jack Guo: Thank you, Bill. Ingrid Joerg: Welcome. Thank you. Operator: Thank you. Our next question comes from the line of Timna Tanners with Wells Fargo. Timna Tanners: Yeah. Hey, good morning. First off, I wanted to ask about some of the end market color you provided. You mentioned that packaging volumes fell, but underlying demand was good. If you could please clarify what might have caused that. Then on the aerospace side, you talked about slowing destocking, but any thoughts on timing to a switch to what's normally a restocking after a period of destocking? Ingrid Joerg: Okay. Thank you for the question, Timna. Good morning. I think on the packaging side, our volumes were lower this year because we were giving preference to supporting the automotive market in the U.S. We have been using our rolling capacity for more, let's say, technically more difficult products. The conversion of capacity is not one to one. The market continues to be very strong, and as automotive taper us off, we expect to be doing more packaging, again, on our side. On the aerospace, I think it's very difficult to see when restocking will continue. What we are seeing right now is that on both sides, U.S. and Europe, there's a lot of working capital investment by the service providers and distributors in this market segment. We are benefiting from this. I don't think we see a restocking at this point. I think the higher purchase rate, is equivalent to the increased build rates that we're seeing and the increased activity. Timna Tanners: Okay. That's really helpful. Thank you. I hope you'll forgive me for taking another stab at the guidance question. If I look at the low end of your guidance, it basically assumes flat EBITDA year-over-year second half. I know you mentioned there were one-offs that contributed to a strong second half a year ago. At the same time, if I look year-over-year, yes, Oswego benefits should roll off Q4 you said, but at the same time, we have much higher LME prices year-over-year. We do have that better aerospace outlook. I'm just trying to reconcile what could drive the lower end of the guidance that we might be missing. Ingrid Joerg: I think on the lower side, I think there's still some uncertainty on the macro environment, on the geopolitical side. I think metal and scrap markets are moving very fast. I think on the scrap spread, the percentages at which we purchase, I think we feel pretty comfortable with the guidance we've been giving. Obviously LME and Midwest premium or European premiums are quite volatile in this uncertain environment, and I think this could be either positive or negative, and we have been taking the approach based on the knowledge that we are having today in the middle of the road. Timna Tanners: Okay. Thanks again. Ingrid Joerg: Thanks, Timna. Operator: Thank you. As a reminder, to ask a question, please press * one on your telephone. The next question comes from the line of Alex Stansbury with UBS. Alex Stansbury: Hey, guys. Congrats on the quarter, thanks for the question. I guess shifting to the A&T segment. The segment reached a record EBITDA per ton of EUR 2,000 plus in the second quarter. How much of that is driven by sustainable aerospace and defense fundamentals versus more temporary benefits? Then, how should we, as investors, think about a normalized EBITDA per ton range over the next 12 to 24 months? Ingrid Joerg: Can I start? Jack Guo: It's up to you. Ingrid Joerg: I think Q2, was a very strong quarter on the aerospace side, both in terms of volumes also productivity, with an extremely strong product mix that we had in the second quarter. You should think that the EUR 2,000 per ton are an exceptional quarter on the A&T performance. We had also very strong TID in the quarter, with relatively attractive pricing. I think both of those together have been driving the margin for Q2. Our guidance for the longer term through cycle is EUR 1,300 per ton, and we feel that's a fair value that we are guiding. Jack Guo: Yeah. What I would add, Alex, is, since 2022, we have averaged at about maybe a little bit above EUR 1,500 per ton, and we're obviously running above that in today's environment. Expectation is margins should remain at a high level, not as high as over EUR 2,000 per ton, but definitely at a high level, in 2026. Ingrid Joerg: Yeah. Jack Guo: 2027. Yes. Alex Stansbury: Awesome. Thanks, guys. Just one more. You mentioned you expect tightness in the North American auto sheet market to start to normalize in 3Q. I guess, are you currently seeing any evidence that the new capacity is beginning to impact pricing or customer negotiations, or does that market still remain constrained? Ingrid Joerg: No, I think, we have limited automotive capacity in the U.S., we expect to be fully booked for the next several years. We have not seen any impact from new entrants in the market. As you know, qualification takes a long time. Once you're nominated for a platform, you keep the platform for the duration of the contract. Any new competition would be on new platforms or new requests for quotations only. Alex Stansbury: Sorry. I was referring to the Oswego restart, as in the new capacity. Ingrid Joerg: Oswego is not really new capacity. Oswego is restoring the capacity that was there before. As you know, there was material inflow from Europe, from Asia to support the missing volume from Oswego during the outage time. All of that should normalize between now and year-end. It's not additional capacity in the market. It's reinstalling the capacity that existed before, and that is covered by existing contracts. Alex Stansbury: Awesome. All right. Thanks, guys. Ingrid Joerg: Thank you. Operator: Thank you. I'm showing no further questions. With that, I'll hand the call back over to CEO, Ingrid Joerg, for any closing remarks. Ingrid Joerg: Thank you. Well, thank you, everybody, for your interest in Constellium. As you can see, the momentum for the first quarter continues in the second quarter this year. We delivered record performance in the first half and increased our outlook for 2026. We look forward to updating you on our progress in October. Thank you very much. Operator: Ladies and gentlemen, thank you for participating. This does conclude today's program. You may now disconnect. Before you buy stock in Constellium Se, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Constellium Se wasn’t one of them. The 10 stocks that made the cut are built for long-term growth and could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $397,405!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,344,091!* That performance is why people listen. With a track record of beating the S&P 500 by 4x, Stock Advisor offers a distinct advantage. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built for the long haul. See the 10 stocks » *Stock Advisor returns as of August 7, 2026. This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Constellium (CSTM) Q2 2026 Earnings Call Transcript was originally published by The Motley Fool

Axon Enterprise, Inc. AXON reported second-quarter 2026 adjusted earnings of $1.88 per share, down 13.8% year over year. The figure missed the Zacks Consensus Estimate of $1.89 by 0.5%.Total revenues were $904.4 million, up 35.3% year over year and ahead of the consensus estimate of $868.4 million by 4.1%. Effective first-quarter 2025, AXON realigned its business segments. The company now reports results under two segments, namely Connected Devices and Software & Services.Connected Devices: The segment’s revenues increased 34.6% year over year to $506.6 million, driven by strong demand for Dedrone, TASER 10 and Axon Body 4. The adjusted gross margin expanded to 53.4% from 51.1% in the year-ago quarter, primarily aided by tariff refunds, partly offset by a higher mix of Dedrone revenues.Software & Services: The segment’s revenues rose 36.2% year over year to $397.8 million, supported by new users and increased adoption of premium software offerings, including Axon Fusus, the AI Era Plan and Axon 911. However, the adjusted gross margin decreased to 75.1% from 78.9% in the prior-year quarter, reflecting a higher mix of professional services revenues and investments in newer offerings. Axon Enterprise, Inc price-consensus-eps-surprise-chart | Axon Enterprise, Inc Quote Axon’s cost of sales increased 35.2% year over year to $357.9 million. Selling, general and administrative expenses were $291 million, while research and development expenses totaled $209 million.The adjusted gross margin decreased to 62.9% from 63.3% in the year-ago period. A higher mix of professional services revenues and the scaling of newer products more than offset the benefits from global tariff refunds. At the end of second-quarter 2026, Axon had cash and cash equivalents of $597.7 million compared with $1.20 billion at December 2025-end. Long-term lease liabilities totaled $101.7 million compared with $98.9 million at 2025-end.In the first six months of 2026, the company used net cash of $11.4 million in operating activities compared with $65.9 million used in the prior-year period. Adjusted free cash outflow was $55.6 million in the first six months of 2026 compared with $113.7 million in the prior-year period. Management raised its full-year revenue outlook to 32-34% annual growth, up from 30-32% expected earlier, while maintaining an adjusted EBITDA margin target of approximately 25.5%. The updated view reflects continued momentum across the company’s connected devices and software offerings.Axon also maintained its capital expenditure projection at $160-$190 million. The company currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Constellium SE CSTM came out with quarterly earnings of $1.04 per share in the second quarter of 2026, beating the Zacks Consensus Estimate of $0.91 per share. This compares with earnings of $0.25 per share a year ago.Constellium posted revenues of $2.75 billion for the quarter ended June 2026, missing the Zacks Consensus Estimate by 3.5%. This compares with year-ago revenues of $2.1 billion.Generac Holdings Inc. GNRC came out with quarterly earnings of $2.91 per share in the second quarter of 2026, beating the Zacks Consensus Estimate of $1.95 per share. This compares with earnings of $1.65 per share a year ago.Generac Holdings posted revenues of $1.17 billion for the quarter ended June 2026, missing the Zacks Consensus Estimate by 0.37%. This compares with year-ago revenues of $1.06 billion.Graco Inc. GGG reported second-quarter 2026 adjusted earnings of 91 cents per share, up 17% from 78 cents in the year-ago quarter. The bottom line surpassed the Zacks Consensus Estimate of 81 cents by 12.4%.The company’s net sales rose 3% year over year to $590.6 million but lagged the consensus estimate of $609 million by 3%. Organic order backlog (excluding acquisitions) rose 28% from the end of 2025. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Axon Enterprise, Inc (AXON) : Free Stock Analysis Report Graco Inc. (GGG) : Free Stock Analysis Report Generac Holdings Inc. (GNRC) : Free Stock Analysis Report Constellium SE (CSTM) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Parker-Hannifin Corporation PH reported fourth-quarter fiscal 2026 (ended June 2026) adjusted earnings of $9.27 per share, which beat the Zacks Consensus Estimate of $8.29. The bottom line jumped 21% year over year.Total sales of $5.8 billion beat the consensus estimate of $5.61 billion. The top line increased 9.8% year over year. Organic sales grew 8%. Orders increased 19% year over year.In fiscal 2026, adjusted earnings were $32.3 per share, up 18.2% year over year. Total sales increased 8.3% to $21.5 billion. The Diversified Industrial segment’s sales totaled $3.89 billion, representing 67% of total sales. On a year-over-year basis, the segment’s sales increased 8.1%.Sales from Diversified Industrial North America totaled $2.22 billion, up 7% year over year. The Zacks Consensus Estimate was pegged at $2.19 billion. Diversified International sales were $1.63 billion, up 9.5% year over year. The consensus mark was pegged at $1.56 billion.Orders for Diversified Industrial North America increased 16% year over year, while Diversified Industrial International orders rose 24% on a year-over-year basis.The Aerospace Systems segment generated sales of $1.90 billion, which accounted for 33% of total sales. The Zacks Consensus Estimate was pegged at $1.83 billion. Sales jumped 13.4% year over year, driven by double-digit growth across all market segments. Orders for the Aerospace Systems unit increased 18% on a year-over-year basis. Parker-Hannifin Corporation price-consensus-eps-surprise-chart | Parker-Hannifin Corporation Quote Parker-Hannifin’s cost of sales was $3.51 billion, up 6.8% year over year. Selling, general and administrative expenses increased 4.2% from the prior year to $874 million.Adjusted total segment operating income increased 14.5% year over year to $1.61 billion. Adjusted total segment operating margin increased 110 basis points year over year to 28%. Exiting fiscal 2026, Parker-Hannifin had cash and cash equivalents of $501 million compared with $467 million at the end of fiscal 2025. Long-term debt was $6.77 billion compared with $7.49 billion at the end of fiscal 2025. In fiscal 2026, Parker-Hannifin generated net cash of $4.36 billion from operating activities compared with $3.78 billion in the prior year.Capital spending totaled $459 million in fiscal 2026 compared with $435 million in fiscal 2025. Parker-Hannifin paid out cash dividends of $936 million, up 8.7% year over year. Parker-Hannifin has issued its fiscal 2027 guidance. The company expects total sales to increase 5.5-8.5% year over year. Organic sales are also projected to grow 5.5-8.5%. Previously completed acquisitions are expected to contribute 0.5% and unfavorable currency movements are anticipated to reduce sales growth by 0.5%.The company expects an adjusted segment operating margin of 27.5-27.9%. Parker-Hannifin currently projects adjusted earnings of $34.25-$35.25 per share. The outlook excludes the pending acquisitions of Filtration Group and CIRCOR’s Commercial and Defense Aerospace business. The company currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Constellium SE CSTM came out with quarterly earnings of $1.04 per share in the second quarter of 2026, beating the Zacks Consensus Estimate of $0.91 per share. This compares with earnings of $0.25 per share a year ago.Constellium posted revenues of $2.75 billion for the quarter ended June 2026, missing the Zacks Consensus Estimate by 3.5%. This compares with year-ago revenues of $2.1 billion.Generac Holdings Inc. GNRC came out with quarterly earnings of $2.91 per share in the second quarter of 2026, beating the Zacks Consensus Estimate of $1.95 per share. This compares with earnings of $1.65 per share a year ago.Generac Holdings posted revenues of $1.17 billion for the quarter ended June 2026, missing the Zacks Consensus Estimate by 0.37%. This compares with year-ago revenues of $1.06 billion.Graco Inc. GGG reported second-quarter 2026 adjusted earnings of 91 cents per share, up 17% from 78 cents in the year-ago quarter. The bottom line surpassed the Zacks Consensus Estimate of 81 cents by 12.4%.The company’s net sales rose 3% year over year to $590.6 million but lagged the consensus estimate of $609 million by 3%. Organic order backlog (excluding acquisitions) rose 28% from the end of 2025. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Parker-Hannifin Corporation (PH) : Free Stock Analysis Report Graco Inc. (GGG) : Free Stock Analysis Report Generac Holdings Inc. (GNRC) : Free Stock Analysis Report Constellium SE (CSTM) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Zebra Technologies Corporation ZBRA reported second-quarter 2026 adjusted earnings of $6.35 per share, which beat the Zacks Consensus Estimate of $4.35. The bottom line increased 75.9% from $3.61 per share reported in the year-ago quarter.Total revenues of $1.56 billion surpassed the consensus estimate of $1.50 billion. The top line increased 20.4% year over year, supported by broad-based growth across segments and regions. Consolidated organic net sales increased 9.2% year over year. Acquisitions contributed 8.7% to reported sales growth, while favorable foreign currency translation contributed 2.5%. Effective from the fourth quarter of 2025, the company started reporting under two segments, namely Connected Frontline and Asset Visibility & Automation.Revenues from the Connected Frontline segment rose 25.9% year over year to $903 million. Organic net sales increased 7.5%. The Zacks Consensus Estimate was pegged at $839 million.The Asset Visibility & Automation segment’s revenues totaled $654 million, up 13.5% year over year. Organic net sales increased 11.4%. The Zacks Consensus Estimate was pegged at $662 million. Zebra Technologies Corporation price-consensus-eps-surprise-chart | Zebra Technologies Corporation Quote In the second quarter of 2026, Zebra Technologies’ cost of sales totaled $732 million, up 8.1% year over year. Total operating expenses increased 16.4% year over year to $504 million.The company reported net income of $233 million compared with $112 million in the year-ago quarter. Adjusted net income increased to $305 million from $186 million reported in the prior-year quarter. Zebra Technologies had cash and cash equivalents of $157 million at the end of the second quarter of 2026. Total debt amounted to $2.78 billion, while the net debt-to-adjusted EBITDA ratio was 1.9. In the first six months of 2026, Zebra Technologies generated net cash of $387 million from operating activities compared with $325 million in the year-ago period. The company incurred capital expenditures of $26 million in the same time frame. Free cash flow amounted to $361 million compared with $288 million in the prior-year period. For the third quarter of 2026, Zebra Technologies expects net sales growth in the band of 17-20% year over year. The guidance includes an approximately 10.5-percentage-point favorable impact from acquisitions and foreign currency.Adjusted EBITDA margin is anticipated to be approximately 22% in the third quarter. Adjusted earnings per share are expected to be in the band of $4.70-$4.90.For 2026, ZBRA raised its financial outlook. The company now expects adjusted earnings to be $20.75-$21.25 per share. Adjusted EBITDA margin is anticipated to be in the band of 23.5-24.0% for the year. ZBRA currently expects net sales growth of 14-16% year over year. It expects free cash flow to be at least $1 billion. The company currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Constellium SE CSTM came out with quarterly earnings of $1.04 per share in the second quarter of 2026, beating the Zacks Consensus Estimate of $0.91 per share. This compares with earnings of $0.25 per share a year ago.Constellium posted revenues of $2.75 billion for the quarter ended June 2026, missing the Zacks Consensus Estimate by 3.5%. This compares with year-ago revenues of $2.1 billion.Generac Holdings Inc. GNRC came out with quarterly earnings of $2.91 per share in the second quarter of 2026, beating the Zacks Consensus Estimate of $1.95 per share. This compares with earnings of $1.65 per share a year ago.Generac Holdings posted revenues of $1.17 billion for the quarter ended June 2026, missing the Zacks Consensus Estimate by 0.37%. This compares with year-ago revenues of $1.06 billion.Graco Inc. GGG reported second-quarter 2026 adjusted earnings of 91 cents per share, up 17% from 78 cents in the year-ago quarter. The bottom line surpassed the Zacks Consensus Estimate of 81 cents by 12.4%.The company’s net sales rose 3% year over year to $590.6 million but lagged the consensus estimate of $609 million by 3%. Organic order backlog (excluding acquisitions) rose 28% from the end of 2025. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Zebra Technologies Corporation (ZBRA) : Free Stock Analysis Report Graco Inc. (GGG) : Free Stock Analysis Report Generac Holdings Inc. (GNRC) : Free Stock Analysis Report Constellium SE (CSTM) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Constellium SE CSTM used its second-quarter 2026 earnings call to raise full-year expectations and frame 2026 as a record year for adjusted EBITDA and free cash flow. Chief executive officer (CEO) Ingrid Joerg tied the outlook to aerospace demand, North American automotive supply tightness, recycling gains and disciplined execution. The investor debate shifted to durability. Joerg and chief financial officer (CFO) Jack Guo acknowledged that second-half results should reflect seasonality and tapering year-over-year recycling benefits, while maintaining that the underlying earnings platform is strengthening. CEO Ingrid Joerg said Constellium now expects adjusted EBITDA of $980 million to $1.02 billion, excluding metal price lag, and free cash flow above $300 million. The revised targets would bring the company’s 2028 goals forward by two years. Joerg said the guidance assumes recent end-market trends continue and the macroeconomic environment remains relatively stable. She also emphasized that geopolitical volatility and fast-moving metal markets remain risks. Earnings of $1.04 per share topped the Zacks Consensus Estimate of $0.91 by 14.29%. Revenues of $2.75 billion missed the $2.85 billion consensus estimate by 3.5%, while growing around 31% year over year. Constellium SE price-consensus-eps-surprise-chart | Constellium SE Quote CFO Jack Guo identified recycling and favorable scrap spreads as major contributors to Packaging & Automotive Rolled Products. The segment posted record adjusted EBITDA, supported by pricing, mix and a $74 million cost tailwind. Guo said third-quarter scrap needs were essentially locked in and much of the fourth quarter was secured at favorable levels. He still expects the year-over-year benefit from other metal costs to taper as 2026 progresses. Guo stressed that recycling gains are not purely market-driven. Better scrap selection, higher consumption, improved productivity and lower metal loss remain controllable levers supporting returns. CEO Ingrid Joerg said aerospace demand improved faster than expected during the first half, with destocking easing as aircraft build activity increased. The Airware cast house in Issoire has started customer qualification and should ramp in 2027. Joerg said North American automotive demand remained resilient, while rolled-product shortages benefited A&T and P&ARP. She expects this temporary support to taper from the third quarter as disrupted capacity returns. Europe remains weaker. Joerg said premium automotive demand is soft, industrial markets have stabilized after a prolonged downturn, and packaging demand remains healthy despite lower shipments. A BMO Capital Markets analyst asked how earnings power could develop after Constellium reached its prior 2028 target early. Joerg said 2028 was a milestone rather than a destination. Joerg also said the Neuf-Brisach recycling center should reach full capacity in 2027, while the Muscle Shoals casting complex should begin contributing later that year. The first Ravenswood casting complex is scheduled for 2028. Joerg added that Airware should support aerospace growth from 2027. Debottlenecking projects and the Vision 2028 program target better asset loading, cost control and operational performance. A Deutsche Bank analyst questioned why raised guidance still implied a softer second half. Joerg pointed to summer and December seasonality in Europe, planned maintenance outages and tougher comparisons. CFO Jack Guo added that recycling conditions were unusually weak in early 2025 before improving later that year. That comparison concentrates more of the year-over-year benefit in the first half of 2026. A UBS analyst also pressed management on A&T margins above $2,000 per ton. Joerg called the quarter exceptional and retained a through-cycle target of $1,300 per ton, while Guo expects margins to remain elevated but below the second-quarter peak. The CEO’s tone remained confident but measured. She emphasized execution, cost control and commercial discipline rather than treating favorable scrap markets or automotive shortages as permanent. Jack Guo linked higher free cash flow to share repurchases and debt reduction. Leverage ended the quarter at 1.8 times, and Constellium completed a $100 million partial redemption of its 2028 senior notes. CSTM carries a Zacks Rank #3 (Hold), indicating a neutral near-term earnings-revision signal. Its Value Score of A, Growth Score of B, Momentum Score of A and VGM Score of A show favorable characteristics across multiple investing styles. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. The Style Scores complement the Zacks Rank, with A and B grades representing stronger profiles. The combination supports monitoring CSTM’s value, growth and momentum traits, but the Rank can change as analysts revise estimates after the reported results. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Constellium SE (CSTM) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Tetra Tech, Inc. TTEK posted third-quarter fiscal 2026 adjusted earnings of 42 cents per share, down 2.3% year over year but ahead of the Zacks Consensus Estimate of 40 cents by 5%.Net revenues were $1.11 billion, down 3.9% year over year, but topped the consensus mark of $1.08 billion by 2.8%. Backlog ended the quarter at $4.49 billion, up 4.9% sequentially, supported by new wins across water infrastructure, defense and digital automation markets. On a GAAP basis, TTEK reported revenues of $1.31 billion compared with $1.37 billion in the year-ago quarter. Revenues from U.S. federal customers, accounting for 20% of the quarter’s net revenues, increased 12% year over year, excluding USAID, Department of State and episodic disaster-response activities. Growth was supported by higher activity with the Navy and U.S. Army Corps of Engineers. U.S. commercial revenues, representing 20% of the total, rose 1% as gains in power transmission offset lower renewable-energy activity.U.S. state and local revenues, accounting for 13% of net revenues, increased 5% year over year, driven by strength in municipal water treatment, partly offset by lower flood-protection work. International revenues, representing 47% of the total, advanced 12% on growth in U.K. water and digital water automation programs.Tetra Tech reports revenues under the segments discussed below:The Commercial/International Services Group delivered net revenues of $634.2 million, up 9.3% year over year. Government Services Group net revenues were $474.3 million, down 17.2% from the prior-year quarter on a reported basis. Excluding USAID, Department of State and episodic disaster-response activities, GSG net revenues increased 7%, reflecting strength in water infrastructure and defense programs. Tetra Tech, Inc. price-consensus-eps-surprise-chart | Tetra Tech, Inc. Quote TTEK continued to manage its costs while maintaining capacity for growth investments. In the fiscal third quarter, Tetra Tech’s subcontractor costs totaled $200 million, down 7.8% from the year-ago quarter. Other costs of revenues (adjusted) were $865.4 million, down 4% from the third quarter of fiscal 2025. Selling, general and administrative expenses (adjusted) declined 1.6% year over year to $85.2 million.Adjusted operating income decreased 4.2% year over year to $158 million, while the adjusted operating margin remained unchanged at 14.3%. While exiting the fiscal third quarter, Tetra Tech had cash and cash equivalents of $230.8 million compared with $167.5 million recorded at the end of fiscal 2025. Long-term debt was $801.1 million compared with $763.4 million at fiscal 2025-end.In the first nine months of fiscal 2026, Tetra Tech generated net cash of $466.6 million from operating activities compared with $356.8 million in the prior-year period. Capital expenditures were $14.1 million, up 5.4% year over year. TTEK’s proceeds from borrowings totaled $245 million, while repayments on long-term debt were $210 million. Tetra Tech distributed dividends totaling $52.5 million in the first nine months of fiscal 2026, up from $48 million in the prior-year period. The company also repurchased shares worth $202 million compared with $200 million in the first nine months of fiscal 2025. For fiscal 2026 (ending September 2026), Tetra Tech expects net revenues in the range of $4.315-$4.365 billion. At the midpoint, the outlook implies 8% year-over-year growth after excluding USAID, Department of State and episodic disaster-response activities.Adjusted earnings are projected in the range of $1.56-$1.59 per share. The company expects adjusted EBITDA margin to expand 70 basis points year over year.For the fiscal fourth quarter, management forecasts net revenues of $1.12-$1.17 billion. Adjusted earnings are expected in the range of 45-48 cents per share. The company currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Constellium SE CSTM came out with quarterly earnings of $1.04 per share in the second quarter of 2026, beating the Zacks Consensus Estimate of $0.91 per share. This compares with earnings of $0.25 per share a year ago.Constellium posted revenues of $2.75 billion for the quarter ended June 2026, missing the Zacks Consensus Estimate by 3.5%. This compares with year-ago revenues of $2.1 billion.Generac Holdings Inc. GNRC came out with quarterly earnings of $2.91 per share in the second quarter of 2026, beating the Zacks Consensus Estimate of $1.95 per share. This compares with earnings of $1.65 per share a year ago.Generac Holdings posted revenues of $1.17 billion for the quarter ended June 2026, missing the Zacks Consensus Estimate by 0.37%. This compares with year-ago revenues of $1.06 billion.Graco Inc. GGG reported second-quarter 2026 adjusted earnings of 91 cents per share, up 17% from 78 cents in the year-ago quarter. The bottom line surpassed the Zacks Consensus Estimate of 81 cents by 12.4%.The company’s net sales rose 3% year over year to $590.6 million but lagged the consensus estimate of $609 million by 3%. Organic order backlog (excluding acquisitions) rose 28% from the end of 2025. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Tetra Tech, Inc. (TTEK) : Free Stock Analysis Report Graco Inc. (GGG) : Free Stock Analysis Report Generac Holdings Inc. (GNRC) : Free Stock Analysis Report Constellium SE (CSTM) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Carlisle Companies Incorporated CSL reported second-quarter 2026 adjusted earnings of $7.03 per share, which beat the Zacks Consensus Estimate of $6.43 by 9.3%. The bottom line increased 12% year over year. Revenues rose 8% year over year to a record $1.57 billion and surpassed the consensus estimate of $1.47 billion. Organic revenues rose 7.9%, while acquisitions and foreign-currency translation contributed 0.3% and 0.1%, respectively, to the top-line growth. Carlisle has divested its Carlisle Interconnect Technologies segment. The company now reports under the following two segments.Revenues from the Carlisle Construction Materials segment increased 7.8% year over year to $1.18 billion. Our estimate for segmental revenues was $1.09 billion. Organic revenues rose 7.7%, driven by healthy re-roofing demand, strategic initiatives and strong commercial execution, partly offset by continued softness in commercial new construction. Adjusted EBITDA of $363 million increased 4.8% year over year. Revenues from the Carlisle Weatherproofing Technologies segment increased 9.9% year over year to $389 million. Our estimate for segmental revenues was $350.2 million. Organic revenues rose 8.4% as share gains more than offset continued softness in residential and non-residential new construction markets. Adjusted EBITDA of $74.1 million increased 5% year over year. Carlisle Companies Incorporated price-consensus-eps-surprise-chart | Carlisle Companies Incorporated Quote Carlisle’s cost of sales increased 10.3% year over year to $1.00 billion. Selling and administrative expenses rose 1.2% to $199.3 million, while research and development expenses totaled $11.4 million, up 2.7% year over year. CSL recorded operating income of $352.5 million, up 5.2% year over year. However, the operating margin contracted 70 basis points to 22.4% from 23.1% in the year-ago quarter, as higher raw material and freight costs outpaced pricing realization. At the end of the second quarter, Carlisle had cash and cash equivalents of $665.3 million compared with $1.11 billion at the end of 2025. Long-term debt, including the current portion, was $2.89 billion, largely unchanged from the year-end 2025 level. In the first six months of 2026, CSL generated net cash of $197.1 million from operating activities compared with $288.9 million in the year-ago period.During the same period, CSL paid dividends of $90.1 million, up 2% year over year. The company repurchased shares worth $500 million, down 28.6% from the prior-year period. For 2026, Carlisle raised its outlook. The company now expects revenues from the Carlisle Construction Materials segment to increase in the mid-single-digit range, while revenues from the Carlisle Weatherproofing Technologies segment are also projected to grow in the mid-single-digit range year over year.For 2026, the company expects consolidated revenues to increase in the mid-single-digit range on a year-over-year basis. Adjusted EBITDA margin is projected to remain flat, while the free cash flow margin is expected to be approximately 15%. The company currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. 3M Company MMM delivered adjusted earnings of $2.40 per share, which surpassed the Zacks Consensus Estimate of $2.27 by 5.7%. The bottom line increased 11% year over year.MMM’s adjusted net revenues of $6.5 billion topped the consensus estimate of $6.4 billion and grew 5.5%. On an adjusted basis, organic revenues increased 5.4% year over year. The results were supported by strength in general industrial, safety and electronics end markets.Honeywell Technologies HON reported second-quarter 2026 adjusted earnings of $1.95 per share, which surpassed the Zacks Consensus Estimate of $1.80. The bottom line increased 10% year over year on an adjusted basis. On a reported basis, the company’s earnings were $16.65 per share compared with $1.21 in the year-ago quarter, reflecting the impact of a one-time gain related to the deconsolidation of Quantinuum.Total revenues of $5.19 billion surpassed the consensus estimate of $4.98 billion. The top line increased 3% from the year-ago quarter, driven by strength in the Building Automation and Industrial Automation segments. Organic sales increased 4% year over year.Constellium SE CSTM came out with quarterly earnings of $1.04 per share in the second quarter of 2026, beating the Zacks Consensus Estimate of $0.91 per share. This compares with earnings of $0.25 per share a year ago.Constellium posted revenues of $2.75 billion for the quarter ended June 2026, missing the Zacks Consensus Estimate by 3.5%. This compares with year-ago revenues of $2.1 billion. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Carlisle Companies Incorporated (CSL) : Free Stock Analysis Report Honeywell International Inc. (HON) : Free Stock Analysis Report 3M Company (MMM) : Free Stock Analysis Report Constellium SE (CSTM) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

A. O. Smith Corporation AOS reported second-quarter 2026 adjusted earnings of $1.03 per share, beating the Zacks Consensus Estimate of 96 cents by 7.3%. The bottom line declined 4% year over year, as weaker China volumes and higher input costs weighed on profitability.Net sales of $1 billion surpassed the consensus estimate of $986.45 million by 1.8% but fell 1% year over year. North America sales rose 5%, supported by 21% boiler sales growth, carryover pricing and Leonard Valve, while China sales dropped 28% in local currency. A. O. Smith’s quarterly sales in North America (comprising the United States and Canada operations) increased 5% year over year to $820.5 million. Our estimate for segmental revenues was $781.4 million. This uptick was caused by higher boiler volumes, benefits from carryover pricing and a $16 million contribution from the Leonard Valve buyout, partially offset by lower residential water heater volumes.Segmental earnings were $177.2 million, down 10.6% year over year.Quarterly sales in the Rest of the World (including China, India and Europe) segment were $194.9 million, down 19% year over year. Our estimate for segmental revenues was $223.8 million. Sales in China fell 28% in local currency.The segment’s earnings were $10.2 million, down 59.7% year over year due to lower China sales volumes, which were partially offset by continued cost-management actions. A. O. Smith Corporation price-consensus-eps-surprise-chart | A. O. Smith Corporation Quote A.O. Smith’s cost of sales was $616.5 million, up 0.4% year over year. Selling, general & administrative expenses were $197.7 million, up 3.3%.Gross profit decreased 2.3% year over year to $387.8 million. The gross margin was 38.6% compared with 39.3% in the year-ago period. Interest expenses were $8.1 million compared with $4.6 million in the year-ago quarter. As of June 30, 2026, AOS’ cash and cash equivalents totaled $181.3 million compared with $174.5 million at the end of December 2025.At the end of the second quarter, long-term debt was $598 million compared with $112.7 million at the end of December 2025. The increase in debt level was attributable to cash borrowed by the company under a new term loan for the acquisition of Leonard Valve.In the first six months of 2026, cash provided by operating activities totaled $253.8 million compared with $178.3 million in the year-ago period. In the first six months of 2026, A.O. Smith repurchased 2.6 million shares for $162.4 million. As of second quarter-end, approximately 3.2 million shares were left to be repurchased under the share repurchase authorization.Supported by strong cash flow performance in the first half of 2026, AOS increased its full-year share repurchase target by 50% to $300 million from $200 million. A.O. Smith expects 2026 net sales in the range of $3.90-$3.95 billion, implying growth of 2-3%. The company had previously projected sales growth of 2-4%.Management currently projects adjusted earnings per share in the band of $3.70-$3.85, narrowed from the previous range of $3.70-$4.00. The company currently carries a Zacks Rank #4 (Sell). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Constellium SE CSTM came out with quarterly earnings of $1.04 per share in the second quarter of 2026, beating the Zacks Consensus Estimate of $0.91 per share. This compares with earnings of $0.25 per share a year ago.Constellium posted revenues of $2.75 billion for the quarter ended June 2026, missing the Zacks Consensus Estimate by 3.5%. This compares with year-ago revenues of $2.1 billion.Generac Holdings Inc. GNRC came out with quarterly earnings of $2.91 per share in the second quarter of 2026, beating the Zacks Consensus Estimate of $1.95 per share. This compares with earnings of $1.65 per share a year ago.Generac Holdings posted revenues of $1.17 billion for the quarter ended June 2026, missing the Zacks Consensus Estimate by 0.37%. This compares with year-ago revenues of $1.06 billion.Graco Inc. GGG reported second-quarter 2026 adjusted earnings of 91 cents per share, up 17% from 78 cents in the year-ago quarter. The bottom line surpassed the Zacks Consensus Estimate of 81 cents by 12.4%.The company’s net sales rose 3% year over year to $590.6 million but lagged the consensus estimate of $609 million by 3%. Organic order backlog (excluding acquisitions) rose 28% from the end of 2025. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report A. O. Smith Corporation (AOS) : Free Stock Analysis Report Graco Inc. (GGG) : Free Stock Analysis Report Generac Holdings Inc. (GNRC) : Free Stock Analysis Report Constellium SE (CSTM) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

IDEX Corporation IEX delivered second-quarter 2026 adjusted earnings of $2.32 per share, topping the Zacks Consensus Estimate of $2.10. The metric rose 12.1% year over year. Net sales of $920.6 million beat the consensus mark of $902.43 million by 2% and increased 6.4% from the year-ago quarter. Organic sales increased 5% year over year. Acquisitions had a positive impact of 1% on sales, while foreign currency translation had no impact.Results were driven by solid traction in the Health & Science Technologies segment, where higher volumes in AI-linked data center power and semiconductor end markets, along with strength in space and defense, supported growth. IDEX also posted record orders of more than $1 billion, signaling improving demand. Net sales from the Fluid & Metering Technologies segment totaled $317.1 million, up 2% year over year. The Zacks Consensus Estimate was pegged at $314 million. Organic sales increased 1% year over year. Foreign currency translation had a positive impact of 1% on sales.Net sales from the Health & Science Technologies segment totaled $415 million, up 14% year over year. The consensus estimate was pegged at $407 million. Organic sales increased 12% year over year. Acquisitions/divestitures had a positive impact of 2% on sales, while foreign currency translation had no impact.Net sales from the Fire & Safety/Diversified Products segment totaled $189.9 million, which decreased 1% year over year. The Zacks Consensus Estimate was pegged at $189 million. Organic sales decreased 1% on a year-over-year basis, while acquisitions/divestitures and foreign currency translation had no impact on sales. IDEX Corporation price-consensus-eps-surprise-chart | IDEX Corporation Quote IDEX’s cost of sales increased 4.4% year over year to $493.8 million. The adjusted gross margin was 46.4%, up 110 basis points year over year, reflecting net productivity improvements, volume leverage and positive price-cost dynamics, partially offset by unfavorable mix. Selling, general and administrative expenses increased 10.1% year over year to $224.1 million.Adjusted EBITDA rose 8.9% to $258.3 million and the adjusted EBITDA margin improved 70 basis points to 28.1%. Operating income increased 6.4% to $199.9 million, aided by improved operating performance. The operating margin was 21.7%, unchanged year over year on a rounded basis. Interest expenses (net) decreased to $15.1 million from $15.6 million in the prior-year period. While exiting the second quarter, IDEX’s cash and cash equivalents were $621.3 million compared with $580 million at the end of 2025. Long-term borrowings (net) were $1.86 billion compared with $1.82 billion at the end of 2025.In the first six months of 2026, IDEX generated net cash of $303.7 million from operating activities, up 13.6% from the year-ago period. Capital expenditures were $40.7 million compared with $29.1 million in the prior-year period. In the same period, free cash flow was $263 million, up 10.4% year over year.IDEX paid out dividends totaling $106.7 million in the first six months of 2026, up 0.8% year over year. The company raised its full-year 2026 guidance, projecting organic sales growth of 5-6% compared with prior expectations of 3-4%. The company also lifted its full-year adjusted earnings outlook to $8.70-$8.85 per share from $8.35-$8.55 previously.For the third quarter of 2026, IDEX expects organic sales to increase 5-7% from the year-ago period and adjusted earnings in the range of $2.20-$2.25 per share. The company currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Constellium SE CSTM came out with quarterly earnings of $1.04 per share in the second quarter of 2026, beating the Zacks Consensus Estimate of $0.91 per share. This compares with earnings of $0.25 per share a year ago.Constellium posted revenues of $2.75 billion for the quarter ended June 2026, missing the Zacks Consensus Estimate by 3.5%. This compares with year-ago revenues of $2.1 billion.Generac Holdings Inc. GNRC came out with quarterly earnings of $2.91 per share in the second quarter of 2026, beating the Zacks Consensus Estimate of $1.95 per share. This compares with earnings of $1.65 per share a year ago.Generac Holdings posted revenues of $1.17 billion for the quarter ended June 2026, missing the Zacks Consensus Estimate by 0.37%. This compares with year-ago revenues of $1.06 billion.Graco Inc. GGG reported second-quarter 2026 adjusted earnings of 91 cents per share, up 17% from 78 cents in the year-ago quarter. The bottom line surpassed the Zacks Consensus Estimate of 81 cents by 12.4%.The company’s net sales rose 3% year over year to $590.6 million but lagged the consensus estimate of $609 million by 3%. Organic order backlog (excluding acquisitions) rose 28% from the end of 2025. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report IDEX Corporation (IEX) : Free Stock Analysis Report Graco Inc. (GGG) : Free Stock Analysis Report Generac Holdings Inc. (GNRC) : Free Stock Analysis Report Constellium SE (CSTM) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

This article first appeared on GuruFocus. Revenue: $2.7 billion, increased 31% compared to Q2 2025. Net Income: $148 million, compared to $36 million in Q2 2025. Adjusted EBITDA: $439 million, increased over 200% compared to Q2 2025. Adjusted EBITDA (excluding metal price lag): $310 million, up 88% from $165 million in Q2 2025. Free Cash Flow: $90 million in the quarter. Leverage: 1.8 times at the end of the quarter. Share Repurchase: 623,000 shares for $20 million during the quarter. A&T Segment Adjusted EBITDA: $135 million, increased 61% compared to Q2 2025. P&ARP Segment Adjusted EBITDA: $165 million, increased 123% compared to Q2 2025. AS&I Segment Adjusted EBITDA: $26 million, increased 44% compared to Q2 2025. Net Debt: EUR1.8 billion, down EUR64 million from the end of 2025. Liquidity: Over EUR1 billion at the end of the second quarter. Warning! GuruFocus has detected 5 Warning Sign with MIR. Is CSTM fairly valued? Test your thesis with our free DCF calculator. Release Date: July 29, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Constellium SE (NYSE:CSTM) achieved record Adjusted EBITDA in the second quarter, with a significant increase of over 200% compared to the previous year. The company reported a strong safety performance, with a recordable case rate of 1.5 per million hours worked, improving from 1.9 in 2025. Revenue increased by 31% year-over-year, driven by higher revenue per ton and improved market dynamics, including strong performance in the aerospace and recycling sectors. Constellium SE (NYSE:CSTM) raised its full-year outlook for 2026, expecting it to be a record year in terms of Adjusted EBITDA and Free Cash Flow. The company successfully reduced its leverage to 1.8 times and completed a $100 million partial redemption of senior notes, strengthening its financial position. Despite strong performance, Constellium SE (NYSE:CSTM) faces macroeconomic and geopolitical uncertainties, which could impact future results. The company experienced lower shipments in its Packaging and Automotive Rolled Products (PARP) segment, offsetting gains in other areas. Inflationary pressures are affecting multiple cost categories, including labor, energy, maintenance, and supplies, which could impact profitability. The conflict in the Middle East presents potential risks, although the company currently views the impact as manageable. European automotive demand remains weak, particularly in the premium vehicle segments, posing challenges for growth in that market. Q: Can you help us understand the gap or the bridge to the second half of the year? You had very strong 1Q and 2Q, and even with the guidance and the outlook raised for the year, it does imply a softer second half. Can you try to bridge what are the key puts and takes, and where could it get better, actually, than maybe the implied guidance? A: Ingrid Joerg, CEO: We always have some seasonality between the first half and the second half of the year, with lower demand in summer and December, particularly in our European operations. We tend to schedule planned outages and major maintenance activities during these times, which leads to higher maintenance costs in the second half. Jack Guo, CFO: The metal and recycling market environment was adverse in the first half of 2025, stabilized in the third quarter, and improved significantly in the fourth quarter. Compared to 2025, you would expect more benefits in the first half of this year, with incremental recycling benefits tapering off in the second half. Q: Can you talk about the scrap spread? It has been a tailwind for the first six months or even late last year, and I think has really supported your share price. We have seen a compression recently in North America. How do you view the potential impact later this year? A: Jack Guo, CFO: In terms of volume, we're mostly locked in for the back half of the year, and the spreads at which we have locked in are quite favorable, similar to the first half of the year. The compression is more about the metal price movement. Our guidance today reflects market conditions, and we focus on productivity and recycling, optimizing scrap types, enhancing productivity, and reducing melt loss. It's still early to comment on 2027, as dealers are in a wait-and-see mode. Q: You basically reached your 2028 EBITDA target. Can you discuss some of the puts and takes when we look to 2027 and 2028, or how we should think about EBITDA moving forward from 2026? A: Ingrid Joerg, CEO: We gave a strong outlook for 2026, including favorable scrap and metal environment in North America and automotive opportunities. Beyond 2026, our strategic development remains unchanged. We have investments in recycling centers and casting complexes that will reduce metal costs and support growth. Our Airware cast house is ramping up, and we expect market recovery in aerospace. We are targeting operational performance improvements with our Vision 2028 program. Q: How much of the A&T segment's record EBITDA per ton is driven by sustainable aerospace and defense fundamentals versus temporary benefits? How should we think about a normalized EBITDA per ton range over the next 12 to 24 months? A: Ingrid Joerg, CEO: Q2 was strong for aerospace, with high volumes and productivity, and an exceptional product mix. The EUR2,000 per ton is exceptional for A&T. Our guidance for the longer term through cycle is EUR1,300 per ton. Jack Guo, CFO: Since 2022, we've averaged above EUR1,500 per ton, and we're running above that now. Expectation is margins should remain high, not as high as EUR2,000 per ton, but definitely high in 2026 and 2027. Q: You expect tightness in the North American auto sheet market to start to normalize in 3Q. Are you seeing any evidence that new capacity is impacting pricing or customer negotiations, or does that market still remain constrained? A: Ingrid Joerg, CEO: We have limited automotive capacity in the U.S. and expect to be fully booked for the next several years. We haven't seen any impact from new entrants. Qualification takes a long time, and once nominated for a platform, you keep it for the contract duration. New competition would be on new platforms or requests for quotations only. For the complete transcript of the earnings call, please refer to the full earnings call transcript.