EINDHOVEN: Signify, the world leader in lighting, reported a decline in third-quarter sales and profitability, prompting the company to lower its financial guidance for the full year due to a softer-than-expected U.S. market and ongoing challenges in its OEM component business. The company, known for its Philips lighting brands, announced third-quarter sales of 1.41 billion…
Author: NNR
Japan’s Kondotec to acquire Suzutoh and RYUKYU BRIDGE LTD
TOKYO: Japanese construction materials firm Kondotec Inc said on Friday it will acquire all shares of Suzutoh Co., Ltd., making it a subsidiary as part of a strategy to strengthen its supply system and expand in growth areas. The acquisition, approved by Kondotec’s board on Friday, is scheduled to be completed on Nov. 27, the company…
Sweden’s MedCap posts strong quarterly profit on acquisitions and organic growth
STOCKHOLM: Swedish medical technology and life sciences investor MedCap AB on Friday reported a 32% rise in its third-quarter adjusted core earnings, driven by robust organic growth and contributions from recent acquisitions. The company, which buys and develops small- and medium-sized life science companies, said adjusted earnings before interest, taxes and amortisation (EBITA) rose to…
SS&C Technologies reports strong Q3 results, raises dividend and operating cash flow surges
WINDSOR: SS&C Technologies Holdings, Inc. (NASDAQ: SSNC), a global provider of investment, financial, and healthcare software and software-enabled services, announced robust financial results for the third quarter ended September 30, 2025, highlighting significant revenue growth and a sharp increase in operating cash flow. The company reported a 7.0 percent growth in both GAAP and Adjusted…
FHLBank Chicago reports $185 million Q3 profit, boosts community investment
CHICAGO: The Federal Home Loan Bank of Chicago (FHLBank Chicago) on Friday reported preliminary and unaudited net income of $185 million for the third quarter of 2025, up from $130 million in the same period last year, citing lower noninterest expenses and increased member participation in community investment programs. “Our preliminary third quarter performance reflects…
Copeland to acquire Germany’s SPH Sustainable Process Heat
OVERATH: Copeland, a global leader in sustainable climate solutions, announced Friday it has reached an agreement to acquire SPH Sustainable Process Heat, a Germany-based industrial heat pump technology company. The acquisition is expected to strengthen Copeland’s industrial heating portfolio, enabling broader delivery of high-temperature heat pump solutions under its Vilter brand. SPH will continue to…
Belgium’s KBC Group to buy Czech and Slovak units of Business Lease Group from Dutch rival AutoBinck
BRUSSELS: Belgium’s KBC Group (KBC.BR) has agreed to buy the Czech and Slovak units of Business Lease Group from Dutch rival AutoBinck Group (BINCK.AS) for 72 million euros ($77 million), the companies said on Thursday, in a move to significantly bolster its leasing operations in Central Europe. According to a stock filing, the acquisition is…
Power Metal Resources to acquire strategic stake in Apex Royalties Limited
LONDON: Power Metal Resources PLC (AIM:POW), the London listed exploration company and project incubator with a global project portfolio, announced the signing of a binding subscription agreement for an investment of £4 million in Apex Royalties Limited, a private, high growth, diversified, mining royalty company. Apex was established in late 2024 and has since grown…
Azelis Group N.V. posts nine-month revenue of EUR 3.2 billion, a 0.8% decline
BRUSSELS: Speciality chemicals and food ingredients distributor Azelis Group NV (AZE.BR) on Thursday reported a 34.3% surge in free cash flow for the first nine months of 2025, driven by disciplined working capital management amid persistent market uncertainty. Free cash flow rose to EUR 293.2 million ($309.8 million) for the nine-month period ending September 30,…
Aalberts Q3 revenue dips slightly as EBITA margin falls amid challenging markets
UTRECHT: Dutch industrial technology company Aalberts N.V. on Thursday reported a marginal decline in third-quarter revenue and a drop in core earnings, as it navigated persistent softness in its key end markets. The company reported revenue of 772.5 million euros ($822 million) for the quarter, a slight organic decline of 1.9% compared to the same period…
Packaging Corporation of America posts $226.9 million net income for September quarter
NEW YORK: Packaging Corporation of America (PKG.N) on Wednesday reported a better-than-expected quarterly profit, driven by higher prices in its packaging business and lower fiber costs, and said it expects earnings from its newly acquired Greif containerboard operations to improve. The third-largest producer of containerboard products in North America said adjusted earnings for the third…
Helix Energy swings to Q3 profit, lifts 2025 EBITDA guidance on strong robotics, offshore activity
HOUSTON: Helix Energy Solutions Group Inc (HLX.N) on Wednesday reported a third-quarter profit of $22.1 million, or 15 cents per diluted share, reversing a loss of $2.6 million in the prior quarter, as robust performance in its Robotics and Shallow Water segments offset offshore headwinds. The Houston-based offshore energy services firm posted adjusted EBITDA of…