Fox Factory Sells Marucci for $225M, Cuts Leverage to 2.7x
Fox Factory completed the $225 million sale of Marucci Sports, applying $200 million in closing cash to debt and reducing net leverage from 3.7x to 2.7x.
Stock Market
Stock market news and analysis, with explanations of company developments, earnings and the forces moving share prices. Start with Market Education if you are new to investing. Find your way around ECMSource.
Titan Sells ITM Undercarriage Unit for Up to $285M
Titan International agreed to sell its Italtractor ITM unit to USCO S.p.A. for up to $285M, reallocating capital to debt paydown and core wheel operations.
Lumen Transfers Listing from NYSE to Nasdaq in AI Strategy Shift
Lumen Technologies will transfer its common stock and Qwest notes from the NYSE to Nasdaq on Oct. 6, 2026, aligning its listing with its enterprise AI shift.
MARA Amends 2,000 MW Texas Deal and Posts $100M Utility Deposit
MARA Holdings posted a $100M utility deposit and amended its Texas data center acquisition for 2,000 MW of power, restructuring up to $600M in milestone terms.
Charles River Lifts 2026 Outlook and Targets 24% Margin by 2030
Charles River raised its 2026 outlook to the high end and set 2030 goals, targeting 5% to 7% organic growth, 24% margins, and $300M+ in cost savings.
ADARx Prices Upsized $446M Nasdaq IPO at $17 on siRNA Pipeline
ADARx Pharmaceuticals upsized its Nasdaq IPO to 26.25M shares at $17.00, raising $446.3M alongside an $89M AbbVie private placement.
KLX Energy Services Lifts Q3 Guidance on Drilling Rebound
KLX Energy Services tightened its Q3 2026 revenue guidance to $180M–$185M and projected Adjusted EBITDA margins of 13% to 14% following its rights offering.
TD SYNNEX Posts Record $21.6B Q3 Revenue on Enterprise AI Boom
TD SYNNEX posted record fiscal Q3 2026 revenue of $21.6B and an 89% GAAP EPS jump, driven by enterprise AI deployments and server manufacturing demand.
Akamai Lands $11.6B Anthropic Cloud Deal and 5% Warrant
Akamai secured an $11.6 billion multi-year cloud contract with Anthropic, issued a 5% warrant, and committed $1.7 billion for server memory with Jabil.
Darden Q1 Sales Hit $3.2B as LongHorn Outpaces Olive Garden
Darden reported Q1 FY2027 sales of $3.2B, led by 6.2% LongHorn same-store growth, while reaffirming full-year EPS guidance of $11.10 to $11.35.