Companies that supply and service offices — copiers, printers, office furniture and the everyday supplies workplaces need to operate.
Contains
News movingOffice Services & Supplies
Office Services & Supplies
Cheng Tian Weiye says MLCP technology solution still in joint R&D and verification stage
Cheng Tian Weiye said on September 16 during a roadshow that the MLCP, or micro-channel liquid cooling packaging cover plate, related technology solution is still in the joint R&D and verification stage between the company and its customers. The specific process path is still being continuously optimized and has not yet entered large-scale mass production. The company will actively cooperate with customers to accelerate the verification progress. The company also said it is currently difficult to make a definitive judgment on its supply share or supplier position for next-generation products. In the short term, the company's liquid cooling business will still focus mainly on the development and large-scale delivery of existing cold plate liquid cooling products, providing strong support for the continued growth of its liquid cooling business.
Cheng Tian Weiye says MLCP technology solution still in joint R&D and verification stage
Cheng Tian Weiye stated on September 16 during a roadshow that the MLCP, or micro-channel liquid cooling packaging cover plate, related technology solution is still in the joint research and development and verification stage between the company and its customers. The specific process path is still being continuously optimized and has not yet entered large-scale mass production. The company will actively cooperate with customers to accelerate the verification progress. The company also stated that it is currently difficult to make a definitive judgment on the company's supply share or supplier position in next-generation products. In the short term, the company's liquid cooling business will still focus on the development and large-scale delivery of existing cold plate liquid cooling products, providing strong support for the sustained growth of the company's liquid cooling business.
Planet Image International Posts 1H GAAP Loss of $0.02 Per Share, Revenue Down 7.0% to $69.28M
Planet Image International reported a first-half GAAP loss of $0.02 per share, with revenue of $69.28 million, a decline of 7.0% year over year. The results were disclosed in a press release from the company. No further financial details were provided in the release.
Virco Manufacturing Q2 EPS and Revenue Beat Estimates
Virco Manufacturing reported second-quarter GAAP earnings of $0.55 per share, beating analyst estimates by $0.48, while revenue came in at $87.47 million, a 5.0% decline year-over-year but still $15.37 million above expectations. The company's results were announced in a press release, highlighting the revenue decline over the first six months to $118.2 million from $125.8 million in the prior-year period.
Interface Targets Commercial Flooring Growth with One Interface Strategy
Interface, Inc. is targeting growth in the commercial flooring market through its One Interface global operating model, focused product portfolio, and emphasis on design, performance, and sustainability, according to CFO Bruce Hausmann at an investor conference. The company, which serves more than 100 countries and generates about $1.4 billion in annual revenue, with 98% from commercial customers, estimates its addressable commercial flooring market at more than $9 billion, a portion of the global industry estimated at about $39 billion. Hausmann said Interface is gaining share in corporate office, healthcare, and education, particularly in Class A properties and facilities undergoing refresh projects, and is investing $25 million to support growth while expanding margins through manufacturing and operating efficiencies. With net debt at just 0.5 times EBITDA, management says it can balance reinvestment, selective acquisitions, dividends, and share repurchases.
M&G Stationery's 2026 interim report shows net profit of 586 million yuan
M&G Stationery released its 2026 interim report, with total operating revenue of 11.32 billion yuan and net profit attributable to the parent company of 586 million yuan. Net cash inflow from operating activities was 460 million yuan, a decrease of 194 million yuan, or 29.64 percent, compared with the same period last year. The company's latest asset-liability ratio was 43.85 percent, gross margin was 19.57 percent, return on equity was 6.72 percent, and diluted earnings per share was 0.64 yuan. The number of shareholders was 40,600, and the top ten shareholders held 74.07 percent of the total share capital.
Lecang Share Half-Year Report: Forex Gains and Losses Distort Income Statement, Core Business Maintains Positive Growth
Lecang Share disclosed its 2026 semi-annual report on the evening of August 28. During the reporting period, it achieved operating revenue of 3.179 billion yuan, up 1.11% year on year, but net profit attributable to shareholders of the listed company was only 21.38 million yuan, a sharp year-on-year decline of 83.43%, while non-GAAP net profit fell 96.23%. The profit decline mainly stemmed from violent fluctuations in foreign exchange gains and losses. In the first half of the year, the company recorded a foreign exchange loss of 77.8415 million yuan, compared with a foreign exchange gain of 46.0303 million yuan in the same period last year. This item alone created a profit gap of about 124 million yuan. After excluding the impact of foreign exchange gains and losses, the company's core business operating profit actually maintained positive growth, and its operating fundamentals remained solid. This phenomenon is not an isolated case. As of August 26, 677 listed companies had mentioned foreign exchange losses in their semi-annual reports. Among them, Chery Automobile had a net foreign exchange loss of 2.092 billion yuan in the first half of the year, while Hikvision swung from a foreign exchange gain of 607 million yuan in the same period last year to a loss of 595 million yuan. Both of Lecang Share's core business segments maintained growth. Smart home business revenue was 1.607 billion yuan, up 3.6% year on year, of which cross-border e-commerce sales revenue was 1.141 billion yuan, up 13.69%, and independent website sales revenue was 495 million yuan, up 20.48%. Overseas warehouse business revenue was 1.549 billion yuan, with gross margin up 1.75 percentage points year on year. The company also further acquired a 32% stake in Yisibeisi, bringing its total shareholding to 52%, and entered the esports sector.
Ousheng Electric's 2026 Interim Report: Revenue Up 50%, Net Profit Down 70%
Ousheng Electric released its 2026 interim report on August 27. During the reporting period, the company achieved operating revenue of 1.355 billion yuan, up 54.28% year on year, but net profit attributable to shareholders was only 29.1093 million yuan, down 74.70% year on year, showing a clear pattern of rising revenue without rising profit. The company's operating cash flow turned from positive to negative, with a net outflow of 161 million yuan, compared with a net inflow of 60.8366 million yuan in the same period last year, mainly due to increases in accounts receivable and inventory. By business segment, vacuum cleaner revenue was 567 million yuan, up 41.80% year on year; air compressor revenue was 428 million yuan, up 40.93% year on year; and industrial fan revenue was 131 million yuan, more than doubling with growth of 104.87%. The main reasons for the performance change include operating costs rising 61.78% year on year, selling expenses and administrative expenses rising 55.91% and 80.42% respectively, and financial expenses swinging from a negative 14.6827 million yuan in the same period last year to an expense of 53.2789 million yuan, affected by higher exchange gains and losses and interest expenses. The company said that deepening cooperation with major customers at its Suzhou base and the release of production capacity at its Malaysia base drove sales expansion, but it needs to guard against exchange rate fluctuations and working capital risks.
Alton Electrical first-half net profit attributable to parent falls 74.7% to 29.11 million yuan
Alton Electrical released its 2026 interim report. First-half operating revenue was 1.355 billion yuan, up 54.3% year on year, but net profit attributable to the parent was 29.11 million yuan, down 74.7% year on year. Net profit attributable to the parent after deducting non-recurring items was 24.91 million yuan, down 77.2% year on year, and net operating cash flow was negative 161 million yuan, down 365.2% year on year. In the second quarter, operating revenue was 681 million yuan, up 93.2% year on year, and net profit attributable to the parent was 17.99 million yuan, down 66.4% year on year. As of the end of the second quarter, total assets were 4.237 billion yuan, up 7.03% from the end of the previous year, and net assets attributable to the parent were 1.449 billion yuan, down 3.4% from the end of the previous year. The company mainly produces air-powered equipment and cleaning equipment. Its newly established strategic partnership business group has developed new products including garden tools, outdoor tools, work lights and energy storage power supplies. It has 10 customers at the million-dollar level, and its top 10 customers contribute nearly 80% of sales. Since the Malaysia base began production in July 2025, on-time delivery has improved from 79% to over 99%, and finished product shipment volume has grown more than 90% year on year.
UE Furniture 2026 interim report net profit 137 million yuan
UE Furniture released its 2026 interim report, with total operating revenue of 2.539 billion yuan, net profit attributable to the parent company of 137 million yuan, and net operating cash inflow of 184 million yuan. The company's asset-liability ratio was 46.26%, up 3.16 percentage points from the previous quarter, gross margin was 21.92%, ROE was 5.97%, and diluted earnings per share was 0.41 yuan. Total asset turnover was 0.59 times, and inventory turnover was 3.46 times. The number of shareholders was 13,400, and the top ten shareholders held 62.54% of total share capital.
Henglin Chair's 2026 interim net profit was 121 million yuan, down 33.07% year-on-year
Henglin Chair released its 2026 interim report. Total operating revenue was 6.668 billion yuan, and net profit attributable to the parent company was 121 million yuan, down 33.07% from the same period last year. Net cash inflow from operating activities was 204 million yuan, down 45.85% year-on-year. The company's asset-liability ratio was 63.64%, gross margin was 18.41%, ROE was 3.24%, and diluted earnings per share was 0.87 yuan, down 34.09% year-on-year. The number of shareholders was 13,100, and the top ten shareholders held 77.34% of the total share capital.
Gu'ao Technology's 2026 interim report shows net profit of 317 million yuan
Gu'ao Technology released its 2026 interim report. During the reporting period, the company's total operating revenue was 38.1037 million yuan, down 47.23% year-on-year, and net profit attributable to the parent company was 317 million yuan. Net cash outflow from operating activities was 67.4437 million yuan, a decrease of 19.4801 million yuan year-on-year. The company's asset-liability ratio was 15.22%, gross margin was 0.73%, return on equity was 49.38%, and diluted earnings per share was 0.93 yuan. The number of shareholders was 19,300, and the top ten shareholders held a combined 107 million shares, accounting for 31.51% of total share capital.
Guao Technology swings to profit in first half with net profit attributable to parent of 317 million yuan
Guao Technology released its 2026 half-year report on August 26, posting a net profit attributable to the parent of 317 million yuan for the first half, a turnaround from a loss of 113 million yuan in the same period last year. Operating revenue was 38.1 million yuan, down 47.2 percent year on year. Net profit attributable to the parent after deducting non-recurring items was a loss of 42.6 million yuan, narrower than the loss of 114 million yuan a year earlier. Net operating cash flow was negative 67.44 million yuan, down 40.6 percent year on year. Earnings per share were 0.93 yuan. In the second quarter, operating revenue was 24.68 million yuan, down 48.0 percent year on year, while net profit attributable to the parent was 351 million yuan, compared with a loss of 62.96 million yuan a year earlier. Net profit attributable to the parent after deducting non-recurring items was a loss of 7.94 million yuan, narrower than the loss of 63.27 million yuan in the same period last year. As of the end of the second quarter, total assets were 792 million yuan, up 72.8 percent from the end of the previous year, and net assets attributable to the parent were 641 million yuan, up 88.6 percent. The company said the change in performance was mainly due to a significant investment gain from selling its stake in associate company Hongqixin, while it also launched new products in smart financial systems and financial information services, and its subsidiary Shanghai Qianyu focused on research and development of financial derivatives software.
UE Furniture first-half net profit rises 3.25%, plans dividend of 2 yuan per 10 shares
UE Furniture disclosed its 2026 semi-annual results on August 26. In the first half, it achieved operating revenue of 2.539 billion yuan, up 15.98% year on year. Net profit attributable to shareholders of the listed company was 137 million yuan, up 3.25% year on year. Basic earnings per share were 0.41 yuan. The company also announced a dividend plan, proposing a cash dividend of 2 yuan per 10 shares, tax included.
UE Furniture's First-Half Net Profit Rises 3.25% Year on Year, Plans Dividend of 2 Yuan per 10 Shares
UE Furniture disclosed its semi-annual report on August 26. In the first half of 2026, the company achieved operating revenue of 2.539 billion yuan, up 15.98% year on year. Net profit attributable to shareholders of the listed company was 137 million yuan, up 3.25% year on year. Basic earnings per share were 0.41 yuan. The company plans to distribute a cash dividend of 2 yuan per 10 shares, tax included.
UE Furniture first-half revenue up 15.98%, accelerating overseas sales expansion
UE Furniture disclosed its 2026 interim report on the evening of August 26. During the reporting period, it achieved operating revenue of 2.539 billion yuan, up 15.98% year on year; net profit attributable to the parent company was 137 million yuan, up 3.25% year on year; and net cash flow from operating activities was 184 million yuan. As a national-level manufacturing single champion enterprise in ergonomic seating and health products, the company's main products include office chairs, electric height-adjustable desks, and sofas. In the first half of the year, the company newly obtained 11 invention patents, 44 utility model patents, and 28 design patents, while administrative expenses fell 2.41% year on year. The company is transforming from a model dominated by export sales and ODM and OEM business toward equal emphasis on domestic and overseas sales, and on its own brands alongside ODM and OEM business. It is vigorously expanding non-US markets and has already established production bases in Vietnam and Romania, with the Vietnam base achieving net profit of 21.9685 million yuan in the first half of the year.
Gu'ao Technology swings to first-half net profit of 317 million yuan
Gu'ao Technology disclosed its semi-annual report on August 26. In the first half of 2026, the company achieved operating revenue of 38.1037 million yuan, down 47.23 percent year on year, but net profit attributable to shareholders of the listed company was 317 million yuan, compared with a loss of 113 million yuan in the same period last year, turning losses into profits. Basic earnings per share were 0.93 yuan. During the reporting period, the company recorded investment income of 386 million yuan, mainly from gains generated by a controlling subsidiary's sale of equity in its associate Hongqixin.
Guangbo Group's 2026 interim net profit was 49.81 million yuan, down 34.57% year-on-year
Guangbo Group released its 2026 interim report, with net profit attributable to the parent company of 49.81 million yuan, a decrease of 34.57% compared with the same period last year. The company's total operating revenue was 1.338 billion yuan, and net cash outflow from operating activities was 39.34 million yuan. The latest asset-liability ratio was 39.70%, gross margin was 17.53%, ROE was 3.84%, and diluted earnings per share was 0.09 yuan.
Guangbo Group's net profit for the first half of 2026 was 49.81 million yuan, down 34.57% year on year
Guangbo Group disclosed its semi-annual report for 2026. In the first half of the year, it achieved total operating revenue of 1.338 billion yuan, up 14.20% year on year. Net profit attributable to the parent company was 49.81 million yuan, down 34.57% year on year. Net profit after deducting non-recurring items was 40.31 million yuan, down 33.78% year on year. Net cash flow from operating activities was negative 39.34 million yuan, compared with negative 68.75 million yuan in the same period last year. During the reporting period, basic earnings per share were 0.0934 yuan, and the weighted average return on equity was 3.97%, down 3.02 percentage points year on year. The company is mainly engaged in the research, development, production and sales of stationery and office supplies, while also expanding into cultural and creative designer toy derivatives and cross-border e-commerce business.
SVT second-quarter profit rises 40% to 32 million baht
Sun Vending Technology Public Company Limited, or SVT, reported second-quarter net profit for 2026 of 32.43 million baht, up 40.23% from the same period last year, with total revenue of 768.91 million baht, an increase of 11.76%. For the first six months of 2026, the company posted net profit of 63.66 million baht, up 34.66%, and total revenue of 1.52 billion baht, growing 12.08% from the same period last year. Revenue came mainly from product sales through vending machines, which generated 1.47 billion baht, up 11.29% year on year. As of 30 June 2026, the company had 19,613 vending machines in service, a net increase of 602 machines, or 3.17%, from the end of 2025, and a net increase of 1,087 machines, or 5.87%, from the end of the second quarter of 2025. Average revenue per machine per day for the first six months of 2026 was about 420 baht, up from 400 baht per machine per day in the prior-year period, supported by machines in factory locations recovering along with the export manufacturing sector, especially automotive, electronics, and electrical appliances. Revenue from vending machine sales in the first six months of 2026 was 25.21 million baht, up 76.08% from the previous year. For the remainder of the year, the company plans to expand the proportion of smart vending machines, or Smart VM, to 15,191 units, or 73% of the total, from 13,116 units last year, while deploying big data, IoT, and AI technologies to manage its nationwide vending machine network, and preparing to launch SMART LOCKER, a digital smart locker solution for single-item sales, in the final quarter of the year.
Sun Vending Technology Public Company Limited, or SVT, reported second-quarter net profit for 2026 of 32.43 million baht, up 40.23% from the same period last year. Total revenue came in at 768.91 million baht, up 11.76%, with the main contribution coming from product sales through vending machines at 747.14 million baht, an increase of 11.78%. For the first six months of 2026, the company posted total net profit of 63.66 million baht, up 34.66%, and total revenue of 1.51551 billion baht, growth of 12.08%. As of 30 June 2026, the company had 19,613 vending machines in service, a net increase of 602 machines, or 3.17%, from the end of 2025, and average revenue per machine per day was about 420 baht, up from 400 baht a year earlier. The company plans to expand the proportion of smart vending machines to 15,191 units, or 73% of the total, from 13,116 units last year, and is preparing to launch SMART LOCKER, a digital smart locker solution for single-item sales, in the final quarter of the year.
SVT second-quarter profit rises 40.23% on SUN Vending machine sales
Sun Vending Technology Public Company Limited, or SVT, reported second-quarter net profit for 2026 of 32.43 million baht, up 40.23 percent from the same period last year, with total revenue of 768.91 million baht, an increase of 11.76 percent. The main driver was sales of products through vending machines at 747.14 million baht, up 11.78 percent. For the first six months of 2026, the company posted total net profit of 63.66 million baht, up 34.66 percent, and total revenue of 1.515 billion baht, growing 12.08 percent. As of 30 June 2026, it had 19,613 vending machines in service, a net increase of 602 machines, or 3.17 percent, from the end of 2025. Average revenue per machine per day was about 420 baht, up from 400 baht a year earlier, supported by machines in factory areas recovering along with the export manufacturing sector. The company plans to expand the proportion of smart vending machines to cover 15,191 machines, or 73 percent of the total, and is preparing to launch SMART LOCKER service in the final quarter of the year.
Interface Posts Record Margins, But One Big Question Looms
Interface reported second-quarter results that beat expectations on nearly every line, though one detail complicates the picture. Net sales climbed to $395.7 million, up 5.4% as reported, while adjusted EPS jumped 47% to $0.88. Backlog was up 22% year-to-date. A closer look at the results shows that not all of this quarter's profit came from operational improvement.
Loctek Refuses to Lower Convertible Bond Conversion Price; Balance Sheet Hides Multiple Risks
Loctek Ergonomic Technology announced it will not exercise the downward revision right on the conversion price of its convertible bonds, defying widespread market expectations. The conversion price stands at 32.61 yuan, while the underlying stock trades near 10 yuan, implying a premium of 216 percent and making conversion almost impossible. First-quarter net profit attributable to the parent fell 98.44 percent year on year to just 800,000 yuan, with a loss of 10.4 million yuan after excluding non-recurring items. The company attributed the decline mainly to foreign exchange losses of about 40 million yuan and increased losses of about 12 million yuan in its US offline distribution channel. However, warehousing and logistics services revenue rose to 49.29 percent of total revenue in 2025, with a gross margin of only 11.79 percent, far below the roughly 42.3 percent for its smart home business. The shift in business mix has boosted revenue without boosting profit. As of the end of 2025, the company had interest-bearing debt of 5.059 billion yuan and cash of 2.17 billion yuan, showing a pattern of high deposits alongside high debt. Its interest coverage ratio fell to 0.3 times in the first quarter of 2026. In addition, the company plans to acquire a 32 percent stake in Suzhou Yisibesi Technology for 18.656 million yuan. The target's appraisal premium rate is as high as 506.28 percent, with no performance commitment, and the deal will create tens of millions of yuan in goodwill.
Hairong Cold Chain's 2026 interim net profit was 157 million yuan, down 28.91% year-on-year
Hairong Cold Chain released its 2026 interim report, with net profit attributable to the parent company of 157 million yuan, a decrease of 28.91% compared with the same period last year. The company's total operating revenue was 1.837 billion yuan, an increase of 2.57% year-on-year, achieving growth for two consecutive years. Net cash flow from operating activities was negative 37.7927 million yuan, a decrease of 117.10% compared with the same period last year. The company's latest asset-liability ratio was 31.76%, gross margin was 26.72%, and diluted earnings per share was 0.41 yuan.
Comix Group's 2026 interim net profit was 76.7739 million yuan, down 12.25% year-on-year
Comix Group released its 2026 interim report, with net profit attributable to the parent company of 76.7739 million yuan, a decrease of 12.25% compared with the same period last year. The company's total operating revenue was 4.812 billion yuan, up 0.81% year-on-year; net cash inflow from operating activities was 167 million yuan, up 40.50% year-on-year. The company's latest asset-liability ratio was 64.97%, gross margin was 9.02%, ROE was 2.45%, and diluted earnings per share was 0.11 yuan.
ACCO Brands Corporation announced an agreement to acquire Trust, a European provider of computer and gaming accessories, from pan-European investment firm Egeria. The financial details of the deal were not disclosed. The company expects the acquisition to shift its product and brand portfolio toward higher-growth technology peripherals, and projects cost synergies of approximately $5 to $8 million within 18 months after closing. The deal will be funded through borrowings under ACCO Brands' revolving credit facility, with limited impact to pro forma leverage, and is scheduled to close in late third quarter or early fourth quarter.
Hairong Cold Chain first-half 2026 net profit 157 million yuan, down 28.91% year on year
Hairong Cold Chain disclosed its 2026 semi-annual report. In the first half, total operating revenue reached 1.837 billion yuan, up 2.57% year on year. Net profit attributable to the parent company was 157 million yuan, down 28.91% year on year. Net profit after deducting non-recurring items was 147 million yuan, down 30.55% year on year. Net cash flow from operating activities was negative 37.7927 million yuan, compared with 221 million yuan in the same period last year. Basic earnings per share were 0.41 yuan, and the weighted average return on net assets was 3.66%.
IWG reported first-half system-wide revenue growth of 11% to $2.4 billion, driven by expansion in its managed and franchised network and continued growth in company-owned locations. The flexible-workspace operator reiterated its full-year adjusted EBITDA guidance of $585 million to $625 million and its medium-term target of at least $1 billion. Managed and franchised system-wide revenue rose 36% to $535 million, with recurring management fees up 84% to $35 million, and the company expects recurring management fee income to reach $80 million in 2026 and $125 million in 2027. IWG returned $109 million to shareholders in the first half while maintaining 2026 net capital expenditure guidance of $150 million, and management expects year-end net debt-to-EBITDA below 1.5 times.
Pitney Bowes Revenue Shrinks but Free Cash Flow Surges
Pitney Bowes is experiencing modest revenue declines, yet profits and free cash flow are rising sharply. The company's stronger margins and cash generation may matter more for investors than the slow top-line trend. The video published on August 6, 2026, explores how Pitney Bowes is turning revenue declines into expanding margins, rising earnings per share, and surging free cash flow.
ACCO Brands raises full-year sales and earnings guidance after strong Q2
ACCO Brands Corporation raised its full-year sales and adjusted earnings guidance following second-quarter results that exceeded internal projections. Net sales rose 5.1% to $415.1 million, driven by the EPOS acquisition and favorable foreign exchange, while comparable sales declined 2.3%. Adjusted diluted EPS increased to $0.29 from $0.28 a year earlier, and adjusted operating income grew to $48.1 million from $47.1 million. The company now expects full-year net sales growth of 2% to 5%, up from a prior range of flat to 3%, and adjusted EPS of $0.87 to $0.91, raised from $0.84 to $0.89. Third-quarter sales are projected to be down 1% to up 2%, with adjusted EPS of $0.17 to $0.21, reflecting a cautious outlook on global macroeconomic conditions.
Rectitude Holdings Declares $0.10 Per Share Cash Dividend
Rectitude Holdings Ltd has declared a cash dividend of US$0.10 per ordinary share, totaling US$1,548,275 across 15,482,750 outstanding shares. The dividend will be paid on September 21, 2026, to shareholders of record as of September 7, 2026. Chief Executive Officer Zhang Jian said the decision reflects the company's strong fundamentals and disciplined growth approach, expressing confidence in generating sustainable cash flows and delivering consistent shareholder value.
Pitney Bowes reported better-than-expected second-quarter results, with revenue of $451.5 million surpassing analyst estimates of $443.5 million despite a 2.3% year-on-year decline. Adjusted earnings per share came in at $0.43, well above the $0.33 consensus, and the company raised its full-year adjusted EPS guidance to $1.63 at the midpoint. The improved performance was driven by margin expansion in the SendTech segment and new customer wins in Presort, though higher transportation costs weighed on Presort profitability. Management highlighted a cautious approach to growth, including pilot lending programs at Pitney Bowes Bank and a deliberate reduction of lower-value bank assets, while reaffirming full-year revenue guidance of $1.83 billion.
Pitney Bowes reported second-quarter 2026 revenue of US$451.5 million and net income of US$49.91 million, while raising its full-year earnings guidance and reaffirming revenue guidance of US$1.80 billion to US$1.86 billion. The Board approved a US$0.10 per-share quarterly dividend and appointed capital-markets veteran La Vonda Williams to the Board and Strategic Review Committee. The company has repurchased about 32.6% of its shares since early 2025, amplifying the impact of improved earnings and cost efficiencies. However, a high debt load and rising transportation costs in the Presort segment remain key risks in a structurally declining mail market.
MSA Safety forecasts low double-digit 2026 revenue growth and adjusted gross margin of 47.5% to 48.5%
MSA Safety guided for low double-digit total revenue growth in 2026, supported by mid-single-digit organic growth, a mid-single-digit contribution from acquisitions, and 1 to 2 points of favorable foreign exchange. The company expects full-year adjusted gross margin to be in the 47.5% to 48.5% range, excluding any new tariffs. Second-quarter sales rose 6% to $503 million, with GAAP gross margin of 49.5% benefiting from approximately $4 million in tariff refunds. Adjusted earnings per share reached $2.40, up 24% from the prior year, and free cash flow was $83 million. CEO Steven Blanco noted that connected solutions represented more than half of portable gas detection growth and now account for 14% of total portable sales, while Industrial PPE sales increased 16% driven by the H2 safety helmet and protective ballistic helmets.
Acco Brands Raises Full-Year Outlook After Second-Quarter Sales Rise 5%
Acco Brands reported second-quarter sales rose 5% from a year earlier, exceeding its outlook, and raised its full-year guidance for reported sales and adjusted earnings per share. The increase was driven by strength in the Americas segment, the recently acquired EPOS business, and favorable foreign exchange, while comparable sales fell 2% amid weakness in international markets and technology peripherals. The company now expects full-year reported sales growth of 2% to 5% and adjusted EPS of $0.87 to $0.91, supported by cost reductions and strong back-to-school demand in the Americas. EPOS integration is on track, with Acco targeting approximately $80 million in 2026 sales and $15 million in cost synergies, though soft enterprise, PC-accessory, and gaming demand is expected to persist through the second half. The company also warned that full-year margins may decline as inflationary costs rise and pricing actions lag.
HNI projects 20%-25% non-GAAP EPS growth in 2026 as Steelcase synergies target rises to at least $120M
HNI Corporation raised its full-year 2026 non-GAAP EPS growth outlook to 20% to 25% and increased its Steelcase synergy target to at least $120 million. Second-quarter non-GAAP EPS was $1.27, up 14% year-over-year, while total net sales increased 121% overall, driven by the Steelcase acquisition. In the Residential Building Products segment, revenue decreased 1.6% versus the prior year period, though segment operating margin expanded 470 basis points to 20.4%. The company expects third-quarter non-GAAP EPS to increase in the mid- to high-20% range and projects double-digit EPS growth again next year, driven primarily by synergies and network optimization rather than volume recovery.
MSA Safety second-quarter profit rises to $86.2 million
MSA Safety Inc. reported a second-quarter profit of $86.194 million, or $2.23 per share, up from $62.773 million, or $1.59 per share, in the same period last year. Excluding items, adjusted earnings came to $93.057 million, or $2.40 per share. Revenue increased 6.2% to $503.327 million from $474.116 million a year earlier.
MSA Safety Reports Q2 Revenue of $503.3 Million, Beating Estimates
MSA Safety reported second-quarter revenue of $503.3 million, exceeding analyst estimates of $497.5 million and marking a 6.2% year-on-year increase. Adjusted earnings per share came in at $2.40, 12.4% above the consensus estimate of $2.14, while adjusted EBITDA reached $136.4 million, beating the $124.2 million forecast. Operating margin improved to 22.2% from 18.1% a year earlier, and free cash flow margin rose to 16.4% from 8%. President and CEO Steve Blanco credited the team's disciplined execution for the results.
MSA Safety reports second-quarter net income of $86 million, up 40% year-over-year
MSA Safety posted second-quarter net sales of $503 million, a 6% GAAP increase and a 3% organic increase year-over-year. GAAP net income reached $86 million, or $2.23 per diluted share, a 40% rise from the prior-year period, while adjusted earnings were $93 million, or $2.40 per diluted share, up 24%. The company generated free cash flow of $83 million and returned $47 million to shareholders through share repurchases and dividends, also raising its annual dividend for the 56th consecutive year. MSA Safety announced the acquisition of Autronica Fire and Security for approximately $555 million, which closed in July, and provided a full-year sales outlook of low-double-digit total revenue growth supported by mid-single-digit organic growth.