The funding combines three pieces. The ATM program issued 29.3 million new shares, which implies an average gross price of roughly $66 per share. Iridium's term loan becomes permanent financing backed by Iridium's own cash flow, with Rocket Lab USA, the company's main operating …
The arithmetic behind the target is simple. ADP expects revenue to rise 5% to 6% in fiscal 2027 and adjustedEarnings before interest and taxes(EBIT)Marginto expand by 70 to 90 basis points. That margin gain turns mid-single-digit sales growth into high-single-digit to low-double-digit profit growth. …
On September 10, Copart agreed to acquire all outstanding ACV shares for $10.50 each in cash. The companies said the price was about a 45% premium to ACV's unaffected close on August 10, the last trading day before media reports of a possible deal. …
For CSX, the ruling matters because the combined railroad would be the first single-line network linking the West Coast with the East Coast. CSX would then compete in its own eastern territory against a much larger rival able to offer shippers coast-to-coast service without …
Worthington Enterprises (NYSE:WOR) shares are up 17.58% in pre-market trading to $69.30 after the industrial manufacturer reported fiscal first-quarter results that toppedWall Streetexpectations across the board, reversing a prior-quarter miss that had weighed on the stock. Adjusted EPS of $0.82 beat the $0.74 consensus …
Shares of this NYSE-listed defense and space technology company are down 9.11% in pre-market trading to $34.11, extending Tuesday's after-hours decline after theBusinessannounced plans to raise $350 million, potentially up to $402.5 million with the initial purchasers' option, through convertible senior notes due 2032. …
Allient (NASDAQ:ALNT) shares are surging today, significantly outpacing its broader equipment and machinery peer group as well as major stock indices, in a continuation of what has already been one of the strongest years for the stock among small-cap names in the space. Allient …
Certification milestones matter for Archer Aviation (NYSE:ACHR) because, without regulatory approval, the company cannot carry a single paying passenger. Archer is developing an electric vertical take-off and landing aircraft, an eVTOL, or air taxi, called Midnight, and winning certification from the US Federal Aviation …
Acorn Energy (NASDAQ:ACFN) links investors to the growing business of remote equipment monitoring, using connected sensors to watch critical equipment from afar and flag problems before they cause a failure. Through its OmniMetrix subsidiary, Acorn monitors backup power systems, such as the standby generators …
Infrastructure spending shapes Arcosa's (NYSE:ACA) next chapter in the most direct way imaginable: it's why another company is buying it. Arcosa makes the physical building blocks of infrastructure, construction aggregates such as sand and stone, and engineered structures such as utility poles, transmission towers, …