In today’s briefing:
- Last Week In Event SPACE: Baycurrent, Perpetual, Digital Garage, Genesis/Vault, Seven & I, SoftBank
- Delta Air Lines Tops $17 Billion In Revenue — Premium Demand Holds Firm!
- Fastenal Reaches A Tipping Point As ROIC Hits A Decade High!
- GE Aerospace Goes All-In on LEAP — Can 41% Delivery Growth Continue?
- ManpowerGroup Cuts Time-To-Fill 67% — AI Starts Reshaping Recruitment!
- Pace Digitek: Bigger Orders, Lower Margins and Rising Receivables
- United Airlines Revenue Hits $17.7 Billion As Pricing Power Strengthens; But What Lies Ahead?
Last Week In Event SPACE: Baycurrent, Perpetual, Digital Garage, Genesis/Vault, Seven & I, SoftBank
- Baycurrent (6532 JP) is very short-term, and it is not highly-convicted, but it is a warning of a short-term dip potential.
- A curious development as EQT (barely) bumps indicative terms for Perpetual Ltd (PPT AU) in what appears to be a self destructing offer.
- Digital Garage (4819 JP) is dirt cheap. Old Peak thinks so too and has taken a nearly 5% stake.
Delta Air Lines Tops $17 Billion In Revenue — Premium Demand Holds Firm!
- Delta Air Lines reported strong financial and operational results for the June quarter of 2026, reflecting a combination of record revenue growth, operational resilience, and strategic investments amid elevated fuel costs.
- The company achieved revenue growth of 14%, exceeding $17 billion, driven by sustained demand and a diversified business model, including premium services, loyalty programs, cargo, and maintenance, repair, and overhaul (MRO) operations.
- Pretax profits reached $1.4 billion with an operating margin near 9%, performing above initial guidance despite fuel expenses rising to historic levels with a total of $4.4 billion in the quarter, nearly doubling prior-year costs.
Fastenal Reaches A Tipping Point As ROIC Hits A Decade High!
- The Fastenal Company reported strong results for the second quarter of 2026, highlighted by 14.7% daily sales growth driven primarily by market share gains rather than broader market improvements.
- The company’s growth was supported by increased sales effectiveness via its key account strategy, expansion of its Fastenal Managed Inventory (FMI) technology and digital channels, and deeper penetration across various end markets.
- Contract customers and larger customer sites showed notable expansion, reflecting durable revenue streams and high-quality growth.
GE Aerospace Goes All-In on LEAP — Can 41% Delivery Growth Continue?
- General Electric Aerospace reported solid financial and operational results for the second quarter of 2026, showcasing continued growth in both its Commercial Engine Services (CES) and Defense, Power & Technology (DPT) segments.
- Orders rose 17% year-over-year, supported by both main segments each growing at least in the low double digits.
- Revenue increased 24%, with CES up 27% and DPT up 16%, while operating profit expanded 18%, driven by strong volume and pricing in services.
ManpowerGroup Cuts Time-To-Fill 67% — AI Starts Reshaping Recruitment!
- ManpowerGroup reported its second-quarter 2026 financial results with overall revenue growth and ongoing transformation efforts showing mixed but generally positive trends.
- The company achieved reported revenues of $4.9 billion, representing 6% constant currency growth, exceeding expectations and reflecting broad-based client demand.
- System-wide revenues, including franchise operations, reached $5.3 billion.
Pace Digitek: Bigger Orders, Lower Margins and Rising Receivables
- Energy has become the growth engine, accounting for 78.1% of the Rs.11,338 crore executable order book, even though Telecom & ICT still contributed 54.6% of FY26 revenue.
- Pace is attempting a rapid shift from project execution toward an integrated BESS platform spanning manufacturing, EPC and selected build-own-operate assets.
- Revenue visibility is strong, but the investment case now depends on margin discipline, receivable conversion, timely capacity commissioning and reduced dependence on imported cells and containers.
United Airlines Revenue Hits $17.7 Billion As Pricing Power Strengthens; But What Lies Ahead?
- United Airlines Holdings reported robust second quarter 2026 results that reflect continued operational improvements and strategic investments amid a challenging cost environment.
- The company’s revenues increased 16% year-over-year to $17.7 billion, driven by strong demand across domestic and international markets and higher yields.
- Passenger revenue per available seat mile (PRASM) grew 12.2% domestically and 12% internationally, with notable strength in the Pacific (up 14%) and Atlantic (up 12.1%) regions.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
