1,796 material Form 8-K filings that 1,448 companies we cover made with the SEC in May 2026, each read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). All of them were written later, when past filings were added: a selection, not every 8-K of the month (see the note below).
HealthStream named Michael M. Collier its Chief Operating Officer and Executive Vice President, up from EVP of Corporate Strategy, Development & Operations, and he will lead enterprise operations including M&A and AI transformation. The filing also discloses option grants to Collier and CEO Robert A. Frist, Jr. of 18,781 shares each at $23.96, which equals the May 8, 2026 closing price. The promotion is a management change, and the option grants add to executive equity compensation.
Michael M. Collier promoted from EVP, Corporate Strategy, Development & Operations to Chief Operating Officer and EVP, announced alongside May 4, 2026 Q1 results release
Collier receives stock options for 18,781 shares at $23.96 per share, vesting 15%, 20%, 20%, 20% and 25% over five years
CEO Robert A. Frist, Jr. receives options for 18,781 shares at $23.96 per share on the same May 8, 2026 grant date and vesting schedule
CH4 Natural Solutions Corporation, a blank check company, completed its initial public offering of 20,000,000 units at $10.00 per unit on May 4, 2026, generating $200 million in gross proceeds. On May 8, 2026, the underwriter bought an additional 2,000,000 option units for $20 million, bringing the trust account to $220 million. The company has not yet selected a business combination target, and its auditor flagged substantial doubt about its ability to continue as a going concern.
IPO of 20,000,000 units at $10.00 per unit closed May 4, 2026, with $200 million in gross proceeds; each unit includes one Class A ordinary share and one-half of one warrant at $11.50.
Underwriter exercised its over-allotment option in part, buying 2,000,000 option units on May 8, 2026, for $20 million in gross proceeds.
Trust account totals $220 million after the option units, including $6.6 million of deferred underwriting discounts and commissions.
The company has 24 months from the IPO closing to complete a business combination; the auditor, WithumSmith+Brown, cited substantial doubt about going concern.
Robinhood Markets said its Chief Technology Officer, Jeffrey Pinner, left his position effective May 7, 2026. He is eligible for severance benefits under the company's Change in Control and Severance Plan for Key Employees, as described in the 2026 proxy statement. The filing gives no successor name or financial amount for the payments.
Jeffrey Pinner, Chief Technology Officer, separated from his position effective May 7, 2026
Pinner is eligible for severance benefits tied to a termination without cause under the company's Change in Control and Severance Plan for Key Employees
Filing does not name a replacement CTO or disclose a dollar value for the severance
On May 8, 2026, Live Nation's special purpose subsidiary VenueCo closed its previously announced issuance of €610 million of fixed rate senior secured notes. The notes are secured by mortgages on substantially all real property of four venues in the United States, the Netherlands and Ireland, and are non-recourse to Live Nation other than to the issuing members and their subsidiaries.
Principal amount: €610 million of fixed rate senior secured notes, closed May 8, 2026
Collateral: mortgages on real property at four venues in the US, Netherlands and Ireland, plus an assignment of monthly revenues after operating expenses
Non-recourse to Live Nation and its subsidiaries other than the issuing members and their subsidiaries
Note Purchase Agreement and indentures dated April 30, 2026; full copies to be filed with the Form 10-Q for the quarter ending June 30, 2026
At its May 5, 2026 annual meeting, Albemarle shareholders elected all 10 director nominees, approved the advisory vote on executive compensation, and ratified PricewaterhouseCoopers LLP as auditor for 2026. They also approved the 2026 Incentive Plan, which replaces the 2017 Incentive Plan, and a shareholder proposal on the ability to call a special meeting, but did not approve an amendment to remove supermajority provisions related to affiliated transactions.
Shareholders approved the 2026 Incentive Plan with 83,042,598 votes for and 3,792,529 against; future equity awards will be issued under the plan
Shareholders approved the special meeting proposal with 49,792,714 votes for and 36,749,680 against
Shareholders did not approve the amendment to remove supermajority provisions for affiliated transactions, with 86,504,791 votes for and 348,442 against
99,397,859 of 117,886,887 shares entitled to vote, as of the March 11, 2026 record date, were represented at the meeting
Apollo-affiliated entities sold 102,000,366 ADT common shares in an offering that closed May 5, 2026, and ADT bought 29,142,961 of those shares from the underwriters under its $1.5 billion repurchase plan. ADT did not receive any of the sale proceeds. Three Apollo-designated directors resigned from the board, and the board amended the bylaws to remove Apollo references, which ends Apollo's board representation.
Apollo entities sold 102,000,366 shares; the offering and ADT's repurchase closed May 5, 2026.
ADT repurchased 29,142,961 shares under the $1.5 billion plan announced March 2, 2026.
Directors Reed B. Rayman, Nicole Bonsignore and Benjamin Honig resigned from the board on May 5, 2026, in connection with Apollo's share sale.
The board approved amended and restated bylaws on May 8, 2026, removing references to Apollo and the 2018 stockholders agreement.
Con Edison entered into an equity distribution agreement on May 8, 2026, establishing an at-the-market program to sell up to $2,000,000,000 of its common shares over time through a group of sales agents. The company may also enter into forward sale agreements with forward purchasers, under which it would receive proceeds only upon future physical settlement, and it would pay commissions of up to 1.0% of gross sales prices.
Program covers up to $2,000,000,000 aggregate sales price of common shares ($0.10 par value), sold from time to time.
Sales agents may receive commissions of up to 1.0% of gross sales price.
Company will not initially receive proceeds from borrowed shares sold under forward sale agreements; proceeds arrive only on future physical settlement.
Exhibits include the equity distribution agreement and the form of forward sale agreement.
MGE Energy entered an underwriting agreement on May 6, 2026 for a public offering of 3,300,331 shares of common stock, of which the company itself sold 990,099 shares and the rest were borrowed from third parties and sold by forward sellers. The company also entered forward sale agreements covering 2,310,232 shares, with settlement no later than January 8, 2028, at an initial forward sale price of $72.9094 per share. The filing says the company expects no dilution to earnings per share except when the average market price is above the adjusted forward sale price, and that physical or net share settlement would dilute earnings per share.
Offering of 3,300,331 shares; company sold 990,099 shares directly, and 2,310,232 shares were borrowed from third parties and sold by forward sellers
Initial forward sale price of $72.9094 per share, subject to adjustment based on an overnight bank funding rate less a spread and to expected dividend-related decreases
Forward sale agreements settle on a date at the company's discretion no later than January 8, 2028
Company intends to use net proceeds for general corporate purposes, including short-term debt repayment and capital expenditures
Knight-Swift completed a private offering of $1.5 billion of 1.00% convertible senior notes due November 15, 2031, including $200 million from an option that the initial purchasers exercised in full. The company plans to use the proceeds to repay term loans and part of its revolving credit line, and it paid about $92.8 million for capped call transactions meant to reduce potential dilution from conversion.
$1.5 billion principal, including $200 million option exercised in full; closed May 8, 2026
Initial conversion price of about $80.11 per share, a 30% premium to the $61.62 close on May 5, 2026
Proceeds to repay $300 million term loan due 2027, $400 million of the 2025 Term Loan A-1, and part of the revolver
Company may not redeem the notes before May 21, 2029
Biglari Holdings reported a first-quarter 2026 net loss of $14.5 million, smaller than the $33.3 million loss in the same quarter of 2025, as investment losses narrowed to $14.7 million from $51.2 million. Pre-tax operating earnings swung to a $4.1 million loss from $10.0 million of earnings a year earlier, and the release does not include guidance. Book value was $2,006.69 per Class A Equivalent share at March 31, 2026.
Net loss of $14.5 million in Q1 2026, versus a $33.3 million net loss in Q1 2025.
Pre-tax operating earnings were a $4.1 million loss, compared with $10.0 million of earnings in Q1 2025.
Investment losses were $14.7 million, compared with $51.2 million in Q1 2025.
Book value was $2,006.69 per Class A Equivalent share at March 31, 2026.
Baxter's board approved an Executive Severance and Change in Control Plan effective May 4, 2026, which sets tiered severance for executives including the Interim CFO. At the May 5, 2026 annual meeting, shareholders approved a 20,000,000-share increase to the incentive plan, a charter amendment changing board size limits, and all nine director nominees.
Severance Plan effective May 4, 2026; non-CIC terminations pay 1.5x salary plus target bonus, and CIC terminations pay 2.0x.
Hider offer letter amended to raise the lump-sum medical coverage payment for non-CIC terminations from 18 months to 24 months.
Shareholders approved adding 20,000,000 shares to the Second Amended and Restated 2021 Incentive Plan, with 362,762,566 votes for and 77,492,842 against.
Charter amendment sets the minimum number of directors at seven with no stated maximum; bylaws set a range of seven to twelve directors.
Collective Acquisition Corp. II, a blank check company, closed its initial public offering on April 30, 2026, selling 22,000,000 units at $10.00 each for gross proceeds of $220,000,000. The company said $221,100,000 was placed in a U.S.-based trust account, and the company has not yet selected a business combination target.
IPO of 22,000,000 units at $10.00 per unit, generating $220,000,000 in gross proceeds on April 30, 2026
Sponsor bought 5,837,500 private placement warrants at $0.80 each, for $4,670,000 in gross proceeds
$221,100,000 ($10.05 per unit) placed in trust account; company has 18 months from the IPO closing to complete a business combination
As of April 30, 2026, the company had not selected a target business and had $1,031,745 in cash
Quest Diagnostics issued $500 million in aggregate principal of 5.000% senior notes due June 30, 2036, on May 6, 2026, under its existing 2001 indenture as supplemented. The notes are senior unsecured obligations that rank equally with the company's other senior unsecured debt, and the filing describes covenants limiting certain liens, sale and leaseback transactions, and mergers or asset transfers.
Principal amount: $500 million; interest rate 5.000%, paid June 30 and December 30, first payment December 30, 2026
Maturity: June 30, 2036; no sinking fund
Change of control triggering event requires an offer to repurchase at 101% of principal plus accrued interest
Exhibit 5.1 legality opinion from Allen Overy Shearman Sterling US LLP filed with the report
Franklin Holdings, LLC, the sponsor of Franklin Crypto Trust's Franklin Crypto Index ETF, appointed Christopher Kings as chief financial officer and Christopher Berarducci as chief accounting officer and treasurer, both effective May 8, 2026. Vivek Pai and Matthew Hinkle resigned from the roles they held at the sponsor on the same date, and the filing states their resignations did not result from any disagreement over the Fund's operations, policies or practices.
Christopher Kings, 51, appointed chief financial officer of the Sponsor on May 8, 2026, and has served as Senior Vice President of Franklin Templeton Services, LLC since 2024.
Christopher Berarducci, 51, appointed chief accounting officer and treasurer of the Sponsor on May 8, 2026, and has served as Vice President, Fund Administration and Reporting of Franklin Templeton since 2020.
Vivek Pai resigned as chief accounting officer and treasurer, and Matthew Hinkle resigned as vice president and chief financial officer of the Sponsor, both effective May 8, 2026.
The filing states neither resignation was the result of a dispute or disagreement with the Sponsor or the Fund on any matter relating to the Fund's operations, policies or practices.
The sponsor of the Franklin Bitcoin ETF, Franklin Holdings, LLC, appointed Christopher Kings as Chief Financial Officer and Christopher Berarducci as Chief Accounting Officer and Treasurer on May 8, 2026. The same day, Matthew Hinkle and Vivek Pai resigned from their sponsor roles, and the filing states their resignations were not due to any disagreement over the Fund's operations, policies or practices.
Christopher Kings, 51, appointed Chief Financial Officer of the Sponsor on May 8, 2026; he is also a Senior Vice President of Franklin Templeton Services, LLC since 2024
Berarducci, 51, appointed Chief Accounting Officer and Treasurer of the Sponsor on May 8, 2026; he has been Vice President, Fund Administration and Reporting at Franklin Templeton since 2020
Matthew Hinkle resigned as Vice President and Chief Financial Officer of the Sponsor, and Vivek Pai resigned as Chief Accounting Officer and Treasurer, both effective May 8, 2026
On May 8, 2026, Franklin Holdings, the sponsor of the Franklin Solana ETF, appointed Christopher Kings as chief financial officer and Christopher Berarducci as chief accounting officer and treasurer. The same day, Matthew Hinkle and Vivek Pai resigned from their sponsor roles, and the filing says neither resignation involved a dispute over the fund's operations, policies or practices.
Christopher Kings, 51, named CFO of the sponsor effective May 8, 2026; he has been a Senior Vice President of Franklin Templeton Services, LLC since 2024
Christopher Berarducci, 51, named chief accounting officer and treasurer of the sponsor; he has been Vice President, Fund Administration and Reporting at Franklin Templeton since 2020
Matthew Hinkle resigned as vice president and CFO of the sponsor, and Vivek Pai resigned as chief accounting officer and treasurer, both effective May 8, 2026
Filing states the resignations were not the result of any dispute or disagreement with the sponsor or the fund
On May 8, 2026, the sponsor of Franklin Ethereum Trust (EZET) appointed Christopher Kings as Chief Financial Officer and Christoper Berarducci as Chief Accounting Officer and Treasurer. The same day, Matthew Hinkle and Vivek Pai resigned from those roles, and the filing states their departures were not due to any disagreement over the Fund's operations, policies or practices.
Christopher Kings appointed CFO of Franklin Holdings, LLC, the Fund's sponsor, effective May 8, 2026; he is 51 and has been Senior Vice President of Franklin Templeton Services, LLC since 2024.
Christoper Berarducci appointed Chief Accounting Officer and Treasurer of the sponsor; he is 51 and has been Vice President, Fund Administration and Reporting at Franklin Templeton since 2020.
Matthew Hinkle resigned as Vice President and CFO of the sponsor, and Vivek Pai resigned as Chief Accounting Officer and Treasurer, both effective May 8, 2026.
The sponsor of the Franklin Responsibly Sourced Gold ETF (FGDL) appointed Christopher Kings as Chief Financial Officer and Christoper Berarducci as Chief Accounting Officer and Treasurer, both effective May 8, 2026. Matthew Hinkle and Vivek Pai resigned from those roles the same day, and the filing says neither resignation involved a dispute with the sponsor or the Fund.
Christopher Kings appointed Chief Financial Officer of Franklin Holdings, LLC, effective May 8, 2026, succeeding Matthew Hinkle, who resigned as Vice President and CFO.
Christoper Berarducci, 51, appointed Chief Accounting Officer and Treasurer of the sponsor, succeeding Vivek Pai, who resigned from those roles.
The filing states Hinkle and Pai resigned without any dispute or disagreement with the sponsor or the Fund over operations, policies or practices.
Global Self Storage reported first-quarter 2026 results for the period ended March 31, 2026. Total revenues rose 1.5% to $3.2 million, but operating expenses rose 8.3%, and net income fell to $477,000, or $0.04 per diluted share, from $555,000, or $0.05, a year earlier.
Total revenues rose 1.5% to $3.2 million; total operating expenses rose 8.3% to $2.6 million.
Net income fell to $477,000, or $0.04 per diluted share, from $555,000, or $0.05 per diluted share.
FFO fell 12.6% to $853,000, or $0.08 per diluted share; AFFO fell 11.0% to $958,000.
Quarterly dividend of $0.0725 per share was maintained; same-store occupancy was 93.1% as of March 31, 2026, up 100 basis points.
On May 8, 2026, Franklin Holdings, LLC, sponsor of the Franklin XRP Trust (XRPZ), appointed Christopher Kings as Chief Financial Officer and Christoper Berarducci as Chief Accounting Officer and Treasurer. The same day, Matthew Hinkle and Vivek Pai resigned from those roles, with the filing stating their departures were not due to any disagreement over the Fund's operations, policies or practices.
Christopher Kings, 51, appointed Chief Financial Officer of the Sponsor effective May 8, 2026
Christoper Berarducci, 51, appointed Chief Accounting Officer and Treasurer of the Sponsor effective May 8, 2026
Matthew Hinkle (Vice President and CFO) and Vivek Pai (Chief Accounting Officer and Treasurer) resigned effective May 8, 2026
Filing states resignations were not the result of any dispute or disagreement with the Sponsor or the Fund
NI Holdings reported first-quarter 2026 results, with net income of $12.5 million and basic earnings per share of $0.60, up from $6.5 million and $0.31 a year earlier. Gross premiums written fell 15.1% to $57.5 million as the company exited Non-Standard Auto, so profit rose while the top line shrank.
Net income was $12.5 million, up 93.6% from $6.5 million in the first quarter of 2025.
Basic earnings per share were $0.60, compared with $0.31 a year earlier.
Gross premiums written fell 15.1% to $57.5 million, driven by a 99.8% drop in Non-Standard Auto.
Combined ratio improved to 79.7% from 94.4%, and net investment income fell 6.4% to $2.7 million.
At its May 8, 2026 annual meeting, shareholders of U.S. Energy Corp. elected John A. Weinzierl and D. Stephen Slack to three-year terms, ratified Weaver & Tidwell as auditor for 2026, approved an advisory vote on executive pay, and approved issuing common stock to Roth Principal Investments above the Nasdaq 20% threshold. Director Randall Keys left the board on expiration of his term after deciding not to stand for re-election, and the filing says this did not result from any disagreement with the company. The filing names the registrant as U.S. Energy Corp.
Roth Principal Investments share issuance approved: 10,207,459 for, 557,104 against, 22,843 abstentions
Weinzierl received 10,630,629 votes for and 156,777 withheld; Slack received 10,645,512 for and 141,894 withheld
HEI reported first-quarter 2026 net income of $30 million, or $0.18 per diluted share, up from $27 million, or $0.15, a year earlier. Excluding Maui wildfire-related costs and Pacific Current strategic review expenses, core net income fell to $31 million, or $0.18, from $40 million, or $0.23. The company also said leadership will be consolidated effective June 1, with Scott Seu becoming CEO of both HEI and Hawaiian Electric, and it expects higher utility operations and maintenance expenses for 2026.
GAAP net income was $30 million ($0.18 per diluted share) versus $27 million ($0.15) in Q1 2025; revenue was $746.4 million versus $744.1 million.
Core net income was $31 million ($0.18 per diluted share) versus $40 million ($0.23) in Q1 2025.
Hawaiian Electric expects 2026 O&M expense, excluding pension, to significantly outpace inflation, and the first of four $479 million settlement payments was issued in April.
Effective June 1, Scott Seu becomes CEO of HEI and Hawaiian Electric, and Shelee Kimura becomes President of both companies.
HealthEquity disclosed that on May 5, 2026, six executives, including CEO Scott Cutler and CFO James Lucania, signed amendments to their employment agreements that enlarge severance payments and benefits. The changes add target cash bonus payments to severance, and for Cutler, a higher bonus multiple and longer salary continuation after a change in control. The filing also describes new equity vesting terms for awards granted after March 25, 2026.
On May 5, 2026, six executives signed amendments to their employment agreements providing enhanced severance.
Upon a termination without cause or resignation for good reason, Cutler's severance includes 12 months of base salary plus his target cash bonus; after a change in control it is 150% of target bonus plus 18 months of base salary.
Other executives receive 12 months of base salary plus target cash bonus if terminated on or within 18 months after a change in control.
Full amendment text and award agreements will be filed with the next Form 10-Q.
Cryo-Cell International received written notice on May 6, 2026 that NYSE Regulation accepted its plan to regain compliance with NYSE American continued listing standards. The company's common stock will keep trading on NYSE American during a plan period ending September 9, 2027, but the company says it cannot assure it will regain compliance by then, and NYSE American may begin delisting proceedings if it does not.
NYSE Regulation accepted the compliance plan the company submitted on April 8, 2026, and granted a plan period through September 9, 2027.
The deficiencies cited are a stockholders' deficit as of November 30, 2025, and net losses in two of the three most recent fiscal years.
Common stock continues to be listed and traded on NYSE American, subject to the plan's initiatives and periodic review.
If the company fails to regain compliance by the deadline or make progress under the plan, NYSE American may initiate delisting proceedings.
AZZ Inc. entered into a Seventh Amendment to its existing credit agreement with Wells Fargo Bank, N.A., as administrative agent, on May 7, 2026. The amendment replaces the revolving credit commitments with extended commitments maturing May 7, 2029, and lowers interest rate margins, commitment fees and letter of credit fees, which would reduce the company's borrowing costs under the facility.
Revolving credit commitments replaced with extended commitments maturing May 7, 2029
Revolving loan interest margins lowered from 175-275 basis points to 125-225 basis points, subject to leverage ratio step-downs
Commitment fees reduced from 20-30 basis points to 15-25 basis points; letter of credit fees reduced from 175-275 basis points to 125-225 basis points
At its May 7, 2026 annual meeting, Advanced Energy stockholders approved an amendment that raises the share pool under its 2023 Omnibus Incentive Plan from 2,400,000 to 4,900,000 shares and extends the plan to May 7, 2036. They also approved doubling authorized common stock from 70,000,000 to 140,000,000 shares, effective the same day, and elected all ten director nominees. The filing does not state the number of new shares that will be issued under these changes.
Equity plan share authorization rises from 2,400,000 to 4,900,000 shares; termination date extended from April 27, 2033 to May 7, 2036
Authorized common stock increases from 70,000,000 to 140,000,000 shares, effective upon filing May 7, 2026
Equity plan approved with 26,784,160 votes for and 7,379,970 against
All ten director nominees elected, with individual votes for ranging from 33,037,148 to 34,150,102
NHC reported first-quarter 2026 net operating revenues of $381.8 million, up 2.2% from $373.7 million a year earlier. GAAP net income attributable to the company rose to $35.9 million, or $2.27 per diluted share, from $32.2 million, or $2.07, and adjusted diluted EPS was $1.91 versus $1.59. The filing also shows dividends declared of $0.64 per share, up from $0.61.
Net operating revenues were $381.8 million for the quarter ended March 31, 2026, compared with $373.7 million a year earlier.
GAAP net income attributable to NHC was $35.9 million, compared with $32.2 million; GAAP diluted EPS was $2.27 versus $2.07.
Adjusted net income, which excludes unrealized gains on marketable equity securities and other non-GAAP items, was $30.1 million, up 21.1% from $24.8 million.
Dividends declared were $0.64 per common share, compared with $0.61 a year earlier.
Construction Partners reported fiscal second-quarter 2026 results for the period ended March 31, 2026, with revenue of $769.2 million, up 34.5% from a year earlier, and diluted EPS of $0.16 versus $0.08. The company raised its fiscal 2026 outlook, now projecting revenue of $3.590 billion to $3.650 billion and net income of $159.0 million to $162.0 million. Both headline measures improved and guidance was raised, though the company's adjusted figures are non-GAAP measures.
Revenue was $769.2 million versus $571.7 million a year earlier; gross profit was $98.9 million versus $71.4 million.
Net income was $9.2 million, or $0.16 diluted EPS, versus $4.2 million, or $0.08; Adjusted EBITDA was $93.3 million, up 34.6%.
Project backlog reached a record $3.14 billion at March 31, 2026, up from $2.84 billion at March 31, 2025.
FY2026 outlook raised: Adjusted EBITDA of $552.0 million to $564.0 million, including the expected contribution of the Four Star Paving acquisition.
Koppers said it has made a conditional decision to discontinue distillation and chemical manufacturing at its Stickney, Illinois, facility, affecting about 85 employees and subject to union bargaining. The company expects pre-tax charges of $227 million to $262 million through 2029, and it reported first quarter 2026 results alongside revised 2026 adjusted EBITDA and adjusted EPS guidance.
Stickney production expected to wind down by December 31, 2026; shift to Nyborg, Denmark tentatively targeted for Q4 2026
Pre-tax charges of $227 million to $262 million through 2029, including $170 million to $195 million non-cash and $57 million to $67 million cash
Q1 2026 net income of $7.1 million vs. a $13.9 million loss a year earlier; net sales of $455.3 million vs. $456.5 million; adjusted EPS of $0.57 vs. $0.71
2026 adjusted EBITDA guidance revised to $240 million to $260 million; adjusted EPS guidance of $3.80 to $4.60
United-Guardian reported first quarter 2026 net sales of $2,872,222, up from $2,481,127 a year earlier, and net income of $818,902 ($0.18 per share), up from $560,895 ($0.12 per share). The company said the gain was driven by higher pharmaceutical and cosmetic ingredient sales, and also included $303,133 of settlement income from its contract manufacturer of Renacidin.
Net sales rose to $2,872,222 in Q1 2026 from $2,481,127 in Q1 2025.
Net income rose to $818,902 ($0.18 per share) from $560,895 ($0.12 per share).
Settlement income of $303,133 from the Renacidin contract manufacturer contributed to the quarter's results; income from operations was $642,449 versus $610,922.
Management said Ashland Specialty Ingredients' purchases rose 45% year over year after it worked through excess inventory.
CG Oncology reported a first-quarter 2026 net loss of $60.2 million, or $(0.71) per share, up from $34.5 million, or $(0.45) per share, a year earlier, while total revenues rose to $1.1 million from $52 thousand. The company says it expects to complete its BLA submission for HR BCG-unresponsive NMIBC in the fourth quarter of 2026, and it ended the quarter with about $1.1 billion in cash, cash equivalents and marketable securities.
Net loss was $60.2 million, or $(0.71) per share, versus $34.5 million, or $(0.45) per share, in Q1 2025.
Total revenues were $1.1 million versus $52 thousand; R&D expenses rose to $43.7 million from $27.5 million.
Cash, cash equivalents and marketable securities were $1.1 billion at March 31, 2026, including about $391.4 million of net at-the-market facility proceeds in Q1.
BLA completion is expected in the fourth quarter of 2026, and PIVOT-006 Phase 3 topline data is anticipated in the first half of 2026.
Arbor Realty Trust reported first quarter 2026 GAAP net income of $0.6 million, or $0.00 per diluted share, down from $30.4 million, or $0.16, a year earlier. Distributable earnings were $14.4 million, or $0.07 per diluted share, versus $57.3 million, or $0.28, and the company also declared a $0.17 per share quarterly dividend. The sharp drop in earnings matters to shareholders because it comes with $22.9 million of net realized losses from resolving certain legacy assets.
GAAP net income of $0.6 million, or $0.00 per diluted share, versus $30.4 million, or $0.16, in Q1 2025
Distributable earnings of $14.4 million, or $0.07 per diluted share, versus $57.3 million, or $0.28; excluding $22.9 million of net realized losses, $0.18 per share
Board declared a quarterly cash dividend of $0.17 per share, payable June 5, 2026 to holders of record May 22, 2026
Purchased $30.7 million of stock at an average price of $7.46 per share, or 66% of book value
SIFCO Industries reported results for its second quarter and first half of fiscal 2026, ended March 31, 2026. Second-quarter net sales rose 39.0% to $26.4 million, and net income from continuing operations was $2.7 million, or $0.43 per diluted share, compared with a loss of $1.3 million, or $(0.22) per diluted share, a year earlier. The results show a return to profit on higher sales for shareholders, and the release includes no financial guidance for future periods.
Second-quarter net sales rose 39.0% to $26.4 million from $19.0 million a year earlier.
Second-quarter net income from continuing operations was $2.7 million, or $0.43 per diluted share, versus a loss of $1.3 million, or $(0.22) per diluted share, in the prior-year quarter.
First-half net sales rose 26.3% to $50.4 million; first-half net income from continuing operations was $4.4 million, or $0.72 per diluted share.
Second-quarter Adjusted EBITDA was $4.8 million, compared with $(0.2) million in the second quarter of fiscal 2025.
Dauch reported first quarter 2026 sales of $2.38 billion, up from $1.41 billion a year earlier, mainly because of the Dowlais acquisition. The company posted a net loss attributable to Dauch of $(100.3) million, or $(0.52) per share, compared with net income of $7.1 million a year earlier, while adjusted EBITDA rose to $308.5 million. It also raised its full-year 2026 sales range to $10.3 - $10.8 billion and its adjusted EBITDA range to $1.3 - $1.425 billion.
Q1 2026 sales were $2.38 billion versus $1.41 billion in Q1 2025.
Net loss attributable to Dauch was $(100.3) million, or $(0.52) per share, versus net income of $7.1 million, or $0.06 per share, a year earlier.
Adjusted EPS was $0.34 versus $0.22; adjusted EBITDA was $308.5 million versus $177.7 million.
Oshkosh reported first quarter 2026 results on May 8, 2026. Net income fell to $43.1 million, or $0.68 per diluted share, from $112.2 million, or $1.72, a year earlier, while sales were roughly flat at $2.32 billion. The company kept its 2026 adjusted earnings per share expectation of $11.50 and declared a $0.57 quarterly dividend.
Q1 net income $43.1 million ($0.68 diluted EPS) vs. $112.2 million ($1.72) a year earlier; adjusted EPS $0.85 vs. $1.92
Consolidated operating income fell 53.2% to $82.0 million, or 3.5% of sales, from $175.4 million
2026 outlook maintained: diluted EPS of $10.90 and adjusted EPS of $11.50 on net sales of about $11.0 billion
Quarterly dividend of $0.57 per share, payable June 9, 2026, to holders of record as of May 26, 2026
PPL reported first-quarter 2026 GAAP earnings of $452 million, or $0.60 per share, up from $414 million, or $0.56 per share, a year earlier. Earnings from ongoing operations were $478 million, or $0.63 per share, compared with $444 million, or $0.60 per share, in the first quarter of 2025. The company reaffirmed its 2026 ongoing EPS forecast of $1.90 to $1.98 and its 6% to 8% annual EPS growth target through at least 2029.
Operating revenues rose to $2,774 million from $2,504 million in the first quarter of 2025.
Reported EPS was $0.60 versus $0.56; ongoing EPS was $0.63 versus $0.60.
2026 ongoing EPS forecast reaffirmed at $1.90 to $1.98, with a $1.94 midpoint.
Pennsylvania base rate case settlement awaits a Public Utility Commission decision expected by the end of the second quarter of 2026, with new rates effective July 1, 2026.
MSG Sports reported fiscal third-quarter 2026 revenue of $432.2 million, up $8.0 million or 2% from a year earlier, driven mainly by higher league distributions. Operating income fell to $2.0 million, and the net loss widened to $20.0 million, or $0.83 per share, from $14.2 million, or $0.59 per share, a year earlier, so profit weakened even as sales grew.
Revenue of $432.2 million, up $8.0 million or 2%; league distributions rose $27.0 million, partly offset by lower ticket-related revenue down $12.9 million.
Operating income of $2.0 million, down $30.4 million; adjusted operating income of $10.3 million, down $26.6 million, as direct operating expenses rose $38.2 million.
Net loss of $20.0 million, or $0.83 per share, compared with a net loss of $14.2 million, or $0.59 per share, in the prior year quarter.
On February 18, 2026, the board approved exploring a possible spin-off separating the New York Knicks from the New York Rangers.
Fidelity National Information Services (FIS) reported first quarter 2026 results on May 8, 2026, with GAAP diluted EPS of $4.58, including an estimated $2.2 billion net-of-tax gain from the Worldpay Sale, and adjusted EPS of $1.36, up 12% from $1.21 a year earlier. Revenue rose 30% to $3.3 billion on a GAAP basis, while the company reiterated its full-year 2026 outlook, including adjusted EPS growth of 8-10%. The company has temporarily paused share repurchases and tuck-in acquisitions to accelerate deleveraging, which matters to shareholders because buybacks are on hold until its target gross leverage of 2.8x is reached.
GAAP diluted EPS was $4.58 versus $0.15 a year earlier, reflecting an estimated $2.2 billion net-of-tax gain from the Worldpay Sale
Adjusted EPS was $1.36, up 12% from $1.21; adjusted EBITDA rose 36% to $1.3 billion
Free cash flow was $474 million, up 111%; the company returned $262 million to shareholders through $30 million of buybacks and $232 million of dividends
Full-year 2026 outlook reiterated: adjusted EPS of $6.22-$6.32 and revenue of $13,770-$13,850 million; debt outstanding was $21.1 billion as of March 31, 2026
TDS reported first quarter 2026 total operating revenues from continuing operations of $309.5 million, up from $290.4 million a year earlier, and diluted earnings per share from continuing operations of $1.11, compared with a loss of $(0.20). The filing ties the profit swing partly to a $150.9 million book gain on an Array spectrum license sale closed January 13, 2026, and both business units reaffirmed their 2026 guidance. The company also disclosed a non-binding proposal, delivered May 7, 2026, to acquire the Array shares it does not already own.
Total operating revenues were $309.5 million, up 7%; TDS Telecom revenue fell 3% to $249.6 million while Array revenue rose 93% to $52.0 million.
Diluted EPS from continuing operations was $1.11 versus $(0.20) a year earlier; the filing records a $150.9 million book gain on the January 13, 2026 Array spectrum sale.
TDS Telecom and Array both reaffirmed 2026 guidance, with all estimates shown as unchanged from prior estimates.
On May 7, 2026, TDS delivered a non-binding proposal to acquire all Array common shares it does not own; a special committee of independent directors was formed to evaluate it.
Alpha reported a first-quarter 2026 net loss of $11.0 million, or $0.86 per diluted share, compared with a $33.9 million loss a year earlier, and Adjusted EBITDA rose to $30.0 million from $5.7 million. Total revenues were $525.0 million, slightly below $532.0 million a year earlier, and the company kept its 2026 cost of coal sales guidance range, citing higher diesel and supply costs in the quarter. At the May 6, 2026 annual meeting, stockholders re-elected all six directors and approved the other proposals.
Net loss of $11.0 million ($0.86 per diluted share) for Q1 2026, versus $17.3 million ($1.34 per share) in Q4 2025 and $33.9 million ($2.60 per share) in Q1 2025
Adjusted EBITDA of $30.0 million, compared with $28.5 million in Q4 2025 and $5.7 million in Q1 2025
Met segment cost of coal sales rose to $107.98 per ton from $101.43 in Q4 2025; cost of coal sales guidance range maintained for 2026, with a possible upward revision if the Iran conflict persists
As of April 30, 2026, the company had repurchased about 7.0 million shares for about $1.2 billion under a $1.5 billion program
Array reported first quarter 2026 revenue of $52.0 million, up from $27.0 million a year earlier, and net income attributable to Array shareholders of $179.8 million, or $2.08 per diluted share, versus $4.7 million, or $0.05, in the first quarter of 2025. The results include a $156.6 million book gain from a spectrum license sale, and the company reaffirmed its 2026 guidance, which it left unchanged. The filing also discloses a non-binding proposal from TDS, which owns about 81.9% of Array, to acquire the Array shares it does not own.
Q1 2026 total operating revenues were $52.0 million, versus $27.0 million in Q1 2025; site rental revenues grew 92%.
Net income attributable to Array shareholders was $179.8 million from continuing operations, or $2.08 per diluted share, including a $156.6 million book gain on spectrum license sales.
2026 guidance is unchanged: total operating revenues $200-$215 million and Adjusted EBITDA $200-$215 million.
On May 7, 2026, TDS proposed in a non-binding letter to acquire all Array common shares it does not own; a special committee of independent directors was formed to evaluate it.
Ultralife reported first-quarter 2026 sales of $47.4 million, down 6.5% from $50.7 million a year earlier, and an operating loss of $0.2 million compared with operating income of $3.4 million. The company cited a power outage, lost production days at its Raynham, MA facility, and weak Communications Systems orders, and said its record backlog of $115.1 million gives it a basis to restore profitability in 2026.
Sales were $47.4 million versus $50.7 million; Communications Systems sales fell 25.7% to $3.3 million.
GAAP EPS was ($0.03) versus $0.11, and adjusted EBITDA was $3.2 million versus $5.4 million.
Operating result included one-time costs of $1.7 million; gross margin fell to 21.3% from 25.1%.
Backlog reached $115.1 million, up from $110.2 million at the end of 2025.
Sylvamo reported a first-quarter 2026 net loss of $3 million, or $0.08 per diluted share, compared with net income of $27 million a year earlier. Net sales fell to $755 million from $821 million, and adjusted EBITDA dropped to $29 million from $90 million, which the company attributed to a transition year with capacity constraints, lower sales volume and higher costs. The company also declared a $0.45 dividend for the second quarter and did not provide new full-year guidance in the release.
Net loss of $3 million, or $0.08 per diluted share, versus net income of $27 million, or $0.65 per diluted share, in Q1 2025
Net sales of $755 million versus $821 million in Q1 2025 and $890 million in Q4 2025
Adjusted EBITDA of $29 million (4% margin) versus $90 million (11% margin) in Q1 2025; free cash flow was negative $59 million
Board declared a $0.45 dividend for the second quarter, paid April 28
Ubiquiti reported results for the fiscal third quarter ended March 31, 2026, with revenue of $788.2 million, up 18.7% from a year earlier but down 3.3% from the prior quarter. GAAP diluted earnings per share were $3.86, up from $2.98 a year earlier and flat with the prior quarter. The company also declared a $0.80 per share cash dividend for shareholders.
Revenue of $788.2 million, up 18.7% year over year and down 3.3% from $814.9 million in the prior quarter
GAAP diluted EPS of $3.86 versus $2.98 a year earlier; non-GAAP diluted EPS of $3.88
GAAP gross margin of 47.0%, up from 44.5% a year earlier and 45.9% in the prior quarter
$0.80 per share cash dividend payable May 26, 2026, to holders of record on May 18, 2026
Wendy's reported first quarter 2026 results for the period ended March 29, 2026. Total revenues rose 3.3% to $540.6 million, but net income fell 42.1% to $22.7 million and global systemwide sales declined 5.5%, driven largely by lower U.S. same-restaurant sales. The company reaffirmed its full-year 2026 outlook, which includes adjusted EBITDA of $460 million to $480 million.
Net income was $22.7 million, down from $39.2 million a year earlier; diluted EPS was $0.12 versus $0.19
Adjusted EBITDA was $111.3 million, down 10.6%; U.S. Company-operated restaurant margin fell to 11.4% from 14.8%
International systemwide sales grew 6.0%; a franchise agreement to build up to 1,000 restaurants in China was announced
No shares were repurchased in the first quarter or through the release date; a $0.14 quarterly dividend is payable June 15, 2026
Boundless Bio reported first-quarter 2026 results with a net loss of $13.6 million, down from $15.8 million a year earlier, as research and development and general and administrative expenses both fell. The company reported no revenue in the filing, and cash, cash equivalents and short-term investments declined to $92.8 million from $107.6 million at December 31, 2025, which it says will fund operations into the second half of 2028.
Net loss was $13.6 million for Q1 2026 versus $15.8 million for Q1 2025; net loss per share was $0.60 versus $0.71.
R&D expenses were $9.7 million versus $12.1 million a year earlier; G&A expenses were $4.7 million versus $5.2 million.
Cash and short-term investments were $92.8 million at March 31, 2026, down from $107.6 million at December 31, 2025.
The company expects cash to fund operations into the second half of 2028, with initial KOMODO-1 clinical proof-of-concept data expected within that runway.
LENSAR reported first quarter 2026 total revenue of $13.4 million, down 5% from $14.2 million a year earlier, as system sales fell to $0.8 million from $2.6 million. Net income was $36.3 million, compared with a net loss of $27.3 million, but the company said this was mainly due to $10.0 million in acquisition-related income tied to the terminated merger and a $23.9 million non-cash gain on warrant liabilities. Adjusted EBITDA was a loss of $0.3 million, compared with $0.2 million in the prior-year quarter.
Total revenue was $13.4 million, down from $14.2 million; recurring revenue rose 9% to $12.6 million
Net income was $36.3 million, or $1.56 per basic share, versus a net loss of $27.3 million, or $(2.32) per share, a year earlier
Adjusted EBITDA was a loss of $0.3 million, compared with income of $0.2 million in Q1 2025
Cash, cash equivalents and investments were $13.5 million at March 31, 2026, down from $18.0 million a year earlier
Treace Medical Concepts reported first quarter 2026 revenue of $47.2 million, down 10% from $52.6 million a year earlier, and a net loss of $18.0 million, or $0.28 per share, compared with $15.9 million, or $0.25 per share, in the first quarter of 2025. The company reaffirmed its full-year 2026 revenue guidance of $202 million to $212 million, a decline of 5% to 0%, so shareholders face weaker sales and a wider loss this quarter, though the outlook was not cut.
First quarter 2026 revenue was $47.2 million, down 10% from $52.6 million in the first quarter of 2025.
Net loss was $18.0 million, or $0.28 per share, versus $15.9 million, or $0.25 per share, a year earlier.
Full-year 2026 revenue guidance of $202 million to $212 million was reaffirmed, with an Adjusted EBITDA loss expected in the range of $4.0 million to $6.0 million.
Cash, cash equivalents and marketable securities totaled $51.9 million as of March 31, 2026, and the credit facility provides an additional $115 million subject to conditions.
Fluor reported first-quarter 2026 results on May 8, 2026. GAAP net earnings attributable to Fluor were $160 million, or $1.08 per share, compared with a loss of $241 million a year earlier, helped by a $124 million gain on the sale of CFHI. However, revenue fell 8% to $3.6 billion, adjusted EBITDA fell to $60 million from $155 million, and the company lowered the upper end of its 2026 adjusted EBITDA guidance, which matters to shareholders because it signals weaker expected profit for the year.
Revenue was $3.6 billion, down 8% year over year; GAAP EPS was $1.08 versus a loss of $1.42 a year earlier, while adjusted EPS was $0.14 versus $0.73.
Adjusted EBITDA guidance for 2026 was narrowed to $525 million to $560 million from $525 million to $585 million, citing cost growth on a mining project in the Americas and a temporary slowdown on another project due to Middle East geopolit
Mission Solutions posted a segment loss of $71 million, which included $96 million triggered by a court ruling on a lawsuit filed in 2013.
Q1 operating cash flow was $110 million, and share repurchases totaled $516 million, with the company targeting $1.4 billion for 2026.
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