Sharemaestro Newsreel

Scottsdale-based Resideo spins off distribution business as separate publicly traded company

Resideo, a Scottsdale-based home automation company, has completed the spinoff of its ADI Global Distribution Inc. business as a separate publicly traded entity. This separation creates two independent companies, with ADI now based in New York and Resideo remaining in Scottsdale under new leadership.

Global Industrial 2Q Sales Rise 8% as Tariff Refunds Lift Profit

Global Industrial reported an 8% increase in second-quarter sales, reaching $386.6 million, significantly boosted by $26.2 million in tariff refunds from the International Emergency Economic Powers Act. These refunds contributed to a 47.8% rise in net profit to $37.1 million, despite adjusted figures showing …

BlueLinx: Q2 Earnings Snapshot

BlueLinx Holdings Inc. (BXC) reported a second-quarter net income of $6.4 million, or 81 cents per share. Adjusted for one-time items, the company's earnings were $1.15 per share. The building products distributor posted revenue of $1.3 billion for the period.

ETFs Investing in SiteOne Landscape Supply, Inc. Stocks

This article lists various ETFs that invest in SiteOne Landscape Supply, Inc. stocks, providing details such as market value, weight, issuer, management style, expense ratio, and 3-year NAV total return for each fund. The ETFs cover a range of investment strategies, including passive and …

SiteOne Deal Adds Oregon Trees and Plants to National Nursery Reach

SiteOne Landscape Supply, Inc. announced that its subsidiary, Devil Mountain Wholesale Nursery, has acquired Patterson Nursery Sales, a leading grower and distributor of premium Oregon nursery products. This acquisition is SiteOne's third in 2026 and Devil Mountain's first, expanding their reach in the Pacific …

A Look at QXO Inc (QXO) After 5.9% Gain -- GF Value $17.47 vs Price $14.09

QXO Inc (QXO) shares rose 5.9% to $14.09, and the stock is currently estimated to be 19.3% undervalued based on its GF Value™ of $17.47. Despite a strong GF Score™ of 69/100, the company faces profitability concerns and a lack of recent insider transactions, …

Resideo (NYSE: REZI) spins off ADI and uses $900M cash to cut term debt

Resideo Technologies has completed the spin-off of its ADI Global Distribution business, with ADI now trading independently on the NYSE under the symbol ADIG. In conjunction with the separation, ADI provided Resideo with a $900 million cash dividend, which Resideo used to significantly reduce …

Earnings Flash (GIC) Global Industrial Company Posts Q2 Adjusted EPS $0.54 per Share, vs. FactSet Est of $0.54

Global Industrial Company (GIC) announced its Q2 adjusted EPS of $0.54 per share, matching FactSet's estimate. The company also reported Q2 revenue of $386.6 million, surpassing FactSet's estimate of $377.4 million. Additionally, GIC declared a quarterly cash dividend payable on August 24, 2026.

Earnings Flash (GIC) Global Industrial Company Reports Q2 Revenue $386.6M, vs. FactSet Est of $377.4M

Global Industrial Company (GIC) reported its Q2 revenue at $386.6 million, surpassing FactSet's estimate of $377.4 million. The company also posted an adjusted EPS of $0.54 per share, matching FactSet's estimate. Global Industrial Company is a value-added distributor of industrial equipment and supplies, providing …

A $26.2M Tariff Refund Boosted Global Industrial's Q2 Results

Global Industrial Company (NYSE: GIC) reported strong second-quarter 2026 financial results, with sales increasing 7.7% to $386.6 million. The company's performance was significantly bolstered by a $26.2 million refund from IEEPA tariffs, which impacted gross profit, operating income, and net income per diluted share. …

Pool Corporation, with about 455 sales centers, sets 3 Q3 investor events

Pool Corporation (NASDAQ: POOL) announced its participation in three investor conferences during the third quarter of 2026: Deutsche Bank’s Chicago Industrials Summit on August 11, Jefferies Global Industrials Conference on September 10, and Goldman Sachs Global Consumer and Retail Conference on September 15. The …

SiteOne Landscape Supply’s Subsidiary Devil Mountain Acquires Patterson Nursery Sales

SiteOne Landscape Supply's subsidiary, Devil Mountain Wholesale Nursery, has acquired Patterson Nursery Sales, a leading grower and distributor of premium Oregon nursery products. This acquisition expands Devil Mountain's reach in the Pacific Northwest and strengthens its ability to distribute high-quality nursery products nationwide. It …

CD&R alters Resideo (NYSE: REZI) preferred stake after spin-off

CD&R Channel Holdings, L.P. exchanged 149,550 shares of Resideo Series A Cumulative Convertible Participating Preferred Stock in connection with a spin-off, disposing of these securities to the issuer. The firm continues to hold 348,950 Series A Preferred shares, now convertible into 18,517,830 common shares …

$QXO Inc (QXO.US)$ scalping some today.....

A user named "Ticker Tamer" on the moomoo Community platform announced their intention to "scalp" the stock of QXO Inc (QXO.US) today. The post includes a disclaimer that the community content is for educational purposes only and emphasizes that trading is a game of …

BlueLinx Announces Second Quarter 2026 Results

BlueLinx Holdings Inc. reported strong financial results for the second quarter of 2026, with net sales increasing by 4.4% to $814 million and net income rising by 49% to $6.4 million. The company attributed this growth to its profitable sales strategy, solid gross margins …

Traders Buy High Volume of Call Options on QXO (NYSE:QXO)

Investors in QXO (NYSE:QXO) saw a significant surge in call option activity on Tuesday, with 36,622 contracts purchased, marking a 52% increase above the average volume. Despite the company missing its latest quarterly EPS estimate and reporting a negative net margin, institutional ownership remains …

ADI Global Distribution Completes Spin-Off from Resideo Technologies and Begins Trading on the New York Stock Exchange

ADI Global Distribution has successfully completed its spin-off from Resideo Technologies, becoming an independent publicly traded company. Its common stock will now trade on the New York Stock Exchange under the ticker symbol ADIG. This strategic move positions ADI, a global specialty distributor of …

Grainger’s Cost Advantage Expands As It Grows With Its Customers

W.W. Grainger operates in the highly fragmented maintenance, repair, and operations (MRO) product distribution market. The company's industry-leading sales of high-touch solutions in North America give it a high-single-digit percentage market share, while its smaller endless assortment segment holds less than 1% market share …

SiteOne Landscape Supply (SITE) Could Be 38% Undervalued As Earnings Growth Plan Gains Focus

Grainger Beats Q2 Earnings Estimates on Margin Gains, Raises Outlook

W.W. Grainger, Inc. (GWW) reported strong second-quarter 2026 earnings of $12.01 per share, surpassing estimates due to robust sales growth and improved gross and operating margins. The company's sales increased by 10.3% year over year to $5.02 billion, also beating consensus expectations. Following this …

Global Industrial earnings up next as profitability in focus

Global Industrial Co (NYSE: GIC) is set to report its second-quarter results, with investors keenly focused on the company's ability to improve profit margins after a mixed first quarter. Analysts expect stronger earnings per share and revenue sequentially, but a year-over-year EPS decline. Key …

Resideo Technologies (NYSE:REZI) Shares Gap Down - What's Next?

Resideo Technologies (NYSE:REZI) experienced a significant gap down in its share price, closing 26.6% lower at $26.33. Analyst opinions are mixed, with one initiating a "buy" rating and another downgrading to "strong sell," resulting in a consensus "Hold" rating with a $46.50 target price. …

W.W. Grainger (NYSE:GWW) Announces Quarterly Earnings Results

W.W. Grainger (NYSE:GWW) exceeded quarterly earnings expectations, with EPS rising 20.5% to $12.01 and revenue increasing 10.3% to $5.0 billion. The company also raised its fiscal 2026 guidance for EPS and revenue, citing strong demand across its business segments. Despite the strong results, shares …

Grainger falls as gross margin, CFO resignation overshadows earnings beat

W.W. Grainger, Inc. (NYSE:GWW) reported strong second-quarter earnings and revenue that exceeded analyst expectations, yet its shares fell 5.8%. The decline was primarily due to a gross margin miss and the announcement of CFO Deidra C. Merriwether's resignation effective September 4, 2026. Despite the …

Applied Industrial Technologies stock hits all-time high at 352.91 USD

Applied Industrial Technologies (AIT) stock reached an all-time high of $352.91, currently trading at $353.46, reflecting strong market sentiment and fundamentals. The company reported robust Q3 2026 earnings with EPS meeting expectations and revenue surpassing forecasts. Additionally, DA Davidson initiated coverage with a buy …

Are Industrial Products Stocks Lagging Applied Industrial Technologies (AIT) This Year?

This article examines the year-to-date performance of Applied Industrial Technologies (AIT) and Idex (IEX) within the Industrial Products sector. It highlights that AIT has outperformed the sector, gaining 37.1% compared to the sector's 18.4%. Both AIT and IEX hold a Zacks Rank of #2 …

Resideo Technologies Finalizes ADI Global Distribution Spinoff

Resideo Technologies has completed the spinoff of ADI Global Distribution, establishing Resideo as a pure-play building technologies company. Resideo will continue trading on the NYSE as REZI, while ADI's common stock will begin trading as ADIG. The spinoff was executed by distributing ADI shares …

Is Fastenal (FAST) Fully Priced Following Its Near Fair Value Narrative?

Fastenal (FAST) is currently trading near its fair value of $47.68, just slightly below its recent close of $48.11, according to Simply Wall St's analysis. The company's strategy includes increasing its digital footprint to 66-68% of sales and diversifying its supply chain to improve …

W.W. Grainger beats estimates, raises outlook amid strong demand (GWW:NYSE)

W.W. Grainger (GWW) reported better-than-expected Q2 results and raised its full-year outlook, yet its stock fell in premarket trading. The company's performance was driven by strong demand, healthy industrial spending, and growth in both its High-Touch Solutions and Endless Assortment businesses. The stock drop …

QXO (NYSE:QXO) Earns Overweight Rating from Analysts at Morgan Stanley

Morgan Stanley initiated coverage on QXO (NYSE:QXO) with an "Overweight" rating and a $35 price target, suggesting a significant upside of 149% from its previous close. This positive outlook contrasts with the company's recent quarterly loss of $0.12 per share, which missed estimates, and …

(GWW) W.W. Grainger Expects 2026 Net Sales Range $19.40B - $19.70B, vs. FactSet Est of $19.47B

W.W. Grainger (GWW) anticipates its 2026 net sales to be in the range of $19.40 billion to $19.70 billion, closely aligning with FactSet's estimate of $19.47 billion. The company also expects its 2026 adjusted EPS to be between $45.50 and $47.25, against FactSet's estimate …

Earnings Flash (GWW) W.W. Grainger Posts Q2 EPS $12.01, vs. FactSet Est of $11.28

W.W. Grainger (GWW) announced its Q2 earnings per share (EPS) of $12.01, surpassing FactSet's estimate of $11.28. The company also reported Q2 revenue of $5.02 billion, exceeding FactSet's estimate of $4.96 billion. Additionally, W.W. Grainger provided its 2026 net sales and adjusted EPS guidance, …

Earnings Flash (GWW) W.W. Grainger, Inc. Reports Q2 Revenue $5.02B, vs. FactSet Est of $4.96B

W.W. Grainger, Inc. announced its Q2 revenue of $5.02 billion, surpassing the FactSet estimate of $4.96 billion. This news follows other positive updates, including raised profit forecasts and increased Q2 earnings and net sales. The company also recently declared a quarterly dividend of $2.49 …

A Letter from Wesco Chairman, President and CEO

Wesco's Chairman, President, and CEO, John Engel, outlines the company's commitment to sustainability, which is deeply integrated into its operations and strategy. The letter highlights Wesco's progress in 2025 amid trends like digitalization and supply chain resiliency, and its role in enabling solutions for …

Why WESCO International (WCC) Is Up 9.3% After Strong Q2 Results And Data Center Expansion Plans

WESCO International (WCC) reported strong Q2 2026 results with increased sales and net income, leading to a 9.3% stock price jump. The company's management highlighted its "Power-to-Compute" model and plans for organic investments and bolt-on acquisitions to expand its role in the data center …

Grainger's Q2 diluted per-share earnings rise 20.5% to $12.01

Grainger (NYSE: GWW) reported strong second-quarter 2026 results, with net sales increasing 10.3% to $5.0 billion and diluted earnings per share (EPS) rising 20.5% to $12.01. The company's operating margin improved to 16.1%, and it generated $333 million in free cash flow, returning $341 …