NORTHBROOK, Ill., Oct. 28, 2026 /PRNewswire/ -- Stepan Company (NYSE: SCL) today reported:

The Board of Directors of Stepan Company has declared a quarterly cash dividend on the Company's common stock of $0.405 per share. The dividend is payable on December 15, 2026, to common stockholders of record on December 1, 2026. The Company increased its quarterly cash dividend in the fourth quarter of 2026 by $0.010 per share, marking the 59th consecutive year that the Company has increased its cash dividend to stockholders.

Corporate Profile

Stepan Company is a major manufacturer of specialty and intermediate chemicals used in a broad range of industries. Stepan is a leading merchant producer of surfactants, which are the key ingredients in consumer and industrial cleaning and disinfection products and in agricultural and oilfield solutions. The Company is also a leading supplier of polyurethane polyols used in the expanding thermal insulation market, and CASE (Coatings, Adhesives, Sealants, and Elastomers) industries.

Headquartered in Northbrook, Illinois, Stepan utilizes a network of modern production facilities located in North and South America, Europe and Asia.

The Company's common stock is traded on the New York Stock Exchange (NYSE) under the symbol SCL. For more information about Stepan Company please visit the Company online at www.stepan.com.

More information about Stepan's sustainability program can be found on the Sustainability page at www.stepan.com.

Certain information in this news release consists of forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include statements about Stepan Company's plans, objectives, strategies, financial performance and outlook, trends, the amount and timing of future cash distributions, prospects or future events and involve known and unknown risks that are difficult to predict. As a result, Stepan Company's actual financial results, performance, achievements or prospects may differ materially from those expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by the use of words such as "may," "could," "expect," "intend," "plan," "seek," "anticipate," "believe," "estimate," "guidance," "predict," "potential," "continue," "likely," "will," "would," "should," "illustrative" and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by Stepan Company and its management based on their knowledge and understanding of the business and industry, are inherently uncertain. These statements are not guarantees of future performance, and stockholders should not place undue reliance on forward-looking statements.

There are a number of risks, uncertainties and other important factors, many of which are beyond Stepan Company's control, that could cause actual results to differ materially from the forward-looking statements contained in this news release. Such risks, uncertainties and other important factors include, among other factors, the risks, uncertainties and factors described in Stepan Company's Form 10-K, Form 10-Q and Form 8-K reports and exhibits to those reports, and include (but are not limited to) risks and uncertainties related to: our ability to realize cost savings or operating efficiencies associated with strategic initiatives, including Project Catalyst; risks related to restructuring activities, including the execution of facility closures and asset, decommissioning, potential operational disruptions, impacts on employees and local, communities, and environmental compliance; accidents, unplanned production shutdowns, interruptions or disruptions in manufacturing facilities; reduced demand due to customer product reformulations or new technologies; our inability to successfully develop or introduce new products; compliance with laws and other legal restrictions, including those relating to the international scope of our business; domestic and global competition; volatility of raw material and energy costs and supply; disruptions in transportation or significant changes in transportation costs; downturns in certain industries and general economic downturns; international business risks, including changes in global trade policies, tariffs, and retaliatory measures and countermeasures; currency exchange rate fluctuations; changes in tax policy and potential adverse tax consequences due to the international scope of our business; downgrades in our credit ratings or our ability to access the credit or capital markets if and when necessary; global political, military, security or other instability and increased security regulations; costs, delays and miscalculations in capacity needs related to expansion or other capital projects; interruption or breaches of information technology systems; unfavorable resolution of litigation against us; maintaining and protecting intellectual property rights; our ability to identify suitable acquisition candidates and successfully complete and integrate acquisitions; our ability to retain executive management and key personnel; and issues relating to compliance with our debt covenants.

These forward-looking statements are made only as of the date hereof, and Stepan Company undertakes no obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE Stepan Company

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Previous $200 million repurchase program is nearly complete

NORTH CANTON, Ohio, Oct. 28, 2026 /PRNewswire/ -- Diebold Nixdorf (NYSE: DBD), a global leader in transforming the way people bank and shop, today announced that its Board of Directors has authorized a new share repurchase program whereby the company may repurchase up to $250 million shares of its common stock. The previous $200 million share repurchase program, announced on Nov. 5, 2025, is nearly complete.

Tom Timko, executive vice president and chief financial officer, said: "As we reach the completion of our previous $200 million share repurchase program, we continue our commitment to disciplined capital allocation and delivering long-term value to stockholders. The new $250 million program provides additional flexibility to return capital while continuing to invest in and capitalize on strategic opportunities across our businesses."

Additional Repurchase Plan Details

The company may utilize a number of different methods to effect the repurchases, including open market purchases, which may include, without limitation, round lot or block transactions, including through one or more accelerated stock repurchase plans or pursuant to the terms of one or more repurchase plans in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934. The specific timing, price and size of any purchases will depend on prevailing stock prices, general market and economic conditions, and other considerations. The share repurchase program may be extended, suspended, or discontinued at any time without prior notice and does not obligate us to acquire any particular amount of common stock.

NOTE TO READERS â Please see "Diebold Nixdorf Reports Third Quarter Revenue and Adjusted EBITDA Growth," also released today, for more information.

About Diebold Nixdorf

Diebold Nixdorf, Incorporated (NYSE: DBD) automates, digitizes and transforms the way people bank and shop. As a partner to the majority of the world's top 100 financial institutions and top 25 global retailers, our integrated solutions connect digital and physical channels conveniently, securely and efficiently for millions of consumers each day. The company has a presence in more than 100 countries with approximately 20,000 employees worldwide. Visit www.DieboldNixdorf.com for more information.

LinkedIn: www.linkedin.com/company/diebold  

X: @DieboldNixdorf  

Facebook: www.facebook.com/DieboldNixdorf

YouTube: www.youtube.com/dieboldnixdorf

Forward-Looking Statements

This press release may contain statements that are not historical information and are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements give current expectations or forecasts of future events and are not guarantees of future performance. Statements can generally be identified as forward looking because they include words such as "believes," "anticipates," "expects," "intends," "plans," "will," "estimates," "potential," "target," "predict," "project," "seek," and variations thereof or "could," "should" or words of similar meaning. Although the company believes that these forward-looking statements are based upon reasonable assumptions regarding, among other things, the economy, its knowledge of its business, and key performance indicators that impact the company, these forward-looking statements involve risks, uncertainties and other factors that may cause actual results to differ materially from those expressed in or implied by the forward-looking statements.

The factors that may affect the company's results include, among others, our ability to generate sufficient cash flows to effect share repurchases; the amount and timing of any share repurchases; and other factors included in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2025.

Except to the extent required by applicable law or regulation, the company undertakes no obligation to update these forward-looking statements to reflect future events or circumstances or to reflect the occurrence of unanticipated events.

Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. You should consider these factors carefully in evaluating forward-looking statements and are cautioned not to place undue reliance on such statements.

DN-C

SOURCE Diebold Nixdorf, Incorporated

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A common architecture and unified software stack span Physical AI applications from always-on sensors to AI infrastructure, delivering up to 2X higher AI throughput per mm² and 50% better energy efficiency for the latest multimodal, generative and agentic AI workloads

ROCKVILLE, Md., Oct. 28, 2026 /PRNewswire/ -- Ceva, Inc. (NASDAQ: CEVA), the leading licensor of silicon and software IP that powers the Smart Edge, today unveiled its next-generation NeuPro⢠NPU portfolio, featuring expanded capabilities and delivering up to 2X higher AI throughput per mm² and a 50% improvement in energy efficiency versus the first generation.

Built on a common architecture and unified software stack, the new portfolio is designed to support increasingly demanding multimodal, generative and agentic AI workloads across Physical AI applications, from always-on sensing to advanced edge systems. The new architecture also marks Ceva's expansion into AI infrastructure, enabling intelligent memory, connectivity and data-processing silicon, as well as custom AI inference processors for cloud and data centers.

Physical AI systems increasingly rely on multiple AI models and intelligent agents working together, with perception and real-time responses close to the sensor and more complex reasoning and orchestration distributed across devices, edge systems and the cloud. This shift toward hybrid AI is accelerating. Yet wherever inference takes place, a common challenge remains: the power and performance cost of the compute itself and of moving data to and from it. At the sensor, that cost is measured in microwatts and square millimeters; in the data center, in megawatts and memory bandwidth. The same constraint appears in different forms, which calls for neural processing optimized for each workload, supported by a common architecture and software environment.

The next-generation NeuPro portfolio addresses both: a range of engines sized for different points in the system, and one way to develop for all of them. A unified software development kit spans the portfolio so semiconductor designers can match an engine to each part of their system or combine several within one SoC while preserving their software investment.

"Working closely with the more than 15 customers who have licensed the first generation of NeuPro has shown us that successful AI products depend on the right balance of compute, memory, bandwidth, power and cost for each use case," said Yaron Galitzky, Executive Vice President, AI Division at Ceva. "Our team designed this next generation around those lessons, giving customers more room to deploy demanding models today and prepare for the workloads ahead."

Built for the Next Generation of Inference 

Peak compute alone no longer defines AI system performance. Semiconductor developers must deliver optimal inference throughput within demanding power, area and memory constraints, while ensuring their architectures can support new models throughout the product lifecycle. The next-generation NeuPro architecture is designed to address both challenges.

The architecture introduces capabilities for workloads ranging from perception and classification to transformer-based, multimodal, generative and agentic workloads, including Physical AI applications:

- Up to 2X higher AI throughput per mm² and a 50% improvement in energy efficiency versus the first generation.

- Advanced AI numerics and mixed precision, including FP4 and FP8, improving inference efficiency while reducing memory and data-movement requirements.

- Higher memory bandwidth and advanced memory management, including dynamic shapes and paged KV cache, addressing longer contexts and memory-intensive transformer workloads.

- Higher multiply-accumulate (MAC) utilization through optimized tensor reshaping, maximizing the effective use of compute resources to improve inference performance.

- Support for the latest network architectures, including Mixture-of-Experts and linear attention, with the architectural flexibility to accommodate model types that have not yet emerged.

- Support for pre-quantized models, allowing customers to deploy published checkpoints without a separate quantization and calibration step.

- Advanced compression, quantization and pruning, reducing computation and data movement to improve effective performance per watt and per unit area.

A Portfolio for Different Inference Workloads

The next-generation NeuPro portfolio comprises four NPUs:

- NeuPro Nano targets always-on sensing and entry-level perception in highly constrained devices.

- NeuPro Prime addresses mainstream CNN and transformer workloads.

- NeuPro Max scales to advanced edge AI, including high-resolution perception, multimodal models, on-device assistants, robotics, Physical AI and agentic AI.

- NeuPro Ultra targets AI infrastructure applications, supporting both complex large language model inference in cloud and data centers and intelligent memory, connectivity and data-processing silicon that improves overall AI system efficiency.

All four are built on a common core architecture and supported by a single unified SDK, so tools, development flow and software investment carry across the portfolio. Designers can move between cores as requirements change, or combine several within one SoC and assign each workload to the engine best suited to it. For semiconductor companies, that means addressing multiple AI markets and performance points from one development foundation, reducing integration complexity and shortening development across successive product generations.

Extending Neural Processing into AI Infrastructure 

As large language model inference runs into memory constraints, customers are redesigning data center systems, distributing compute differently across them and integrating it in places it has not previously been, including within memory and networking subsystems. Inference at scale serves many models and many users at once, and memory bandwidth and data movement between memory, compute and networks have become central to system performance and power efficiency. ABI Research forecasts cloud AI inference capacity to grow at a 42% CAGR through 2035(i).

NeuPro Ultra is built for that redesign. It supports complex large language models in cloud and data center inference, with multi-core processing, multi-user operation, high memory bandwidth and advanced memory management, together with support for the software frameworks used in those deployments. It can equally be integrated into memory and connectivity subsystems of the same system, applying neural processing to the movement of data rather than to the model itself, reducing unnecessary transfers and relieving bottlenecks closer to where data is stored. Silicon developers can add these capabilities using Ceva's licensable NPU foundation and the same software stack used across the portfolio.

"A common NPU architecture and software stack across every class of AI workload lets our customers build once and deploy across their roadmap," said Amir Panush, Chief Executive Officer of Ceva. "NeuPro Ultra brings that platform into AI infrastructure, an important step in Ceva's strategy to put neural processing into a broader range of semiconductor products. Customers building silicon for these markets can draw on Ceva's architecture, software and experience rather than developing an NPU platform from scratch."

Ceva will discuss the next-generation NeuPro portfolio and its Physical AI strategy in more detail at its technology symposium events in Hsinchu, Taiwan, on November 2 and in Shanghai, China, on November 5. To learn more about these events and to register to attend, visit https://www.ceva-ip.com/symposium-2026/.

Availability

Leading semiconductor and system companies are already evaluating and integrating next-generation NeuPro technology for future AI products. These early engagements span multiple market segments and help shape deployments targeting advanced edge, Physical AI and AI infrastructure applications. The next-generation NeuPro architecture is available now to select early-access customers, with general availability planned for the second quarter of 2027.

About Ceva, Inc.

Ceva powers the Smart Edge, bridging the digital and physical worlds to bring AI-driven products to life. Our Ceva AI fabric portfolio of silicon and software IP enables devices to Connect, Sense, and Infer â the essential capabilities for the intelligent edge. From 5G, cellular IoT, Bluetooth, Wi-Fi, and UWB connectivity to scalable Edge AI NPUs, AI DSPs, sensor fusion processors and embedded software, Ceva provides the foundational IP for devices that connect, understand their environment, and act in real time.

With more than 22 billion devices shipped and trusted by 400+ customers worldwide, Ceva is the backbone of today's most advanced smart edge products - from AI-infused wearables and IoT devices to autonomous vehicles and 5G infrastructure. Our differentiated solutions deliver seamless integration into existing design flows, total flexibility to combine solutions based on design needs and ultraâlowâpower performance in minimal silicon footprint, helping customers accelerate development, reduce risk, and bring innovative products to market faster. As technology evolves toward Physical AI, Ceva's IP portfolio lays the foundation for systems that are always connected, contextually aware, and capable of intelligent, real-time decision-making.

Visit us at www.ceva-ip.com and follow us on LinkedIn, X, YouTube, Facebook, and Instagram.

SOURCE Ceva, Inc.

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Company reports record third quarter operating results and raises full year guidance

SCHAFFHAUSEN, Switzerland, Oct. 28, 2026 /PRNewswire/ -- Garmin® Ltd. (NYSE: GRMN), today announced results for the third quarter ended September 26, 2026.

Highlights include:

- Record consolidated revenue of $1.99 billion, a 12% increase compared to the prior year quarter

- Gross and operating margins expanded to 63.3% and 30.8% respectively, compared to the prior year quarter

- Record operating income of $612 million, a 34% increase compared to the prior year quarter

- GAAP EPS of $2.80 and pro forma EPS(1) of $2.76, representing a 39% increase in pro forma EPS compared to the prior year quarter

- Named 2026 Manufacturer of the Year by the National Marine Electronics Association for the 12th consecutive year, and received six Product of Excellence awards

- Launched the fÄnix® 9 and fÄnix 9 Pro adventure watch series, expanding our flagship performance smartwatch lineup

- Recently announced the delivery of our 1,000th G1000® integrated flight deck retrofit for King Air aircraft making this one of the most successful retrofit flight deck programs in aviation history

- Announced that more than 2,500 aircraft are equipped with the revolutionary Garmin Autoland system, the world's first and only certified autonomous system designed to activate during an emergency to safely fly and land an aircraft without human interaction

Executive Overview from Cliff Pemble, President and Chief Executive Officer:

"We achieved another quarter of record operating results driven by strength across markets and product categories, with meaningful contributions from recently launched products. Our results were further enhanced by strong operational execution resulting in record consolidated gross margin and impressive operating profit leverage. We are raising our 2026 outlook based on the results we have achieved so far and the momentum we are experiencing as we enter the important holiday selling season." - Cliff Pemble, President and Chief Executive Officer of Garmin Ltd.

Fitness:

Revenue from the fitness segment increased 16% in the third quarter with growth led by strong demand for wearables. Gross and operating margins were 63% and 33%, respectively, resulting in $231 million of operating income. During the quarter, we launched the CIRQA⢠Smart Band, a screenless wearable offering rich wellness and fitness insights that expands our addressable market for wellness devices. In addition, we recently announced the next generation of Edge® cycling computers with the Edge 1060 featuring a built-in microphone and speaker for hands-free voice control capability and the Edge Explore 3 series, an easy-to-use bike computer for riders of all levels.

Outdoor:

Revenue from the outdoor segment increased 20% in the third quarter with growth primarily driven by adventure watches. Gross and operating margins were 68% and 39%, respectively, resulting in $233 million of operating income. During the quarter, we launched the fÄnix 9 and fÄnix 9 Pro series, with an all-titanium watch case option and the largest available AMOLED screen in our flagship adventure watch lineup. Also during the quarter, we launched the all-new Garmin Drive⢠GPS navigators with high-resolution ultrawide format displays and an elevated user experience.

Aviation:

Revenue from the aviation segment increased 5% in the third quarter with growth primarily driven by OEM product categories. Gross and operating margins were 78% and 26%, respectively, resulting in $66 million of operating income. During the quarter, we unveiled the G2000® PRIME, bringing PRIME flight deck functionality to the high-performance piston and electric aircraft market. Also during the quarter, we announced the certification of an all-glass retrofit cockpit for the original Cessna CitationJet. Pilatus Aircraft and Epic Aircraft recently announced the certification of Garmin Autoland on the PC-12 Pro and the e1000 airplanes, respectively. We also made important updates to Garmin Pilotâ¢, adding SmartCharts coverage for Canada and Mexico, as well as Mobile Clearance Delivery which allows pilots to obtain clearances electronically through the Garmin Pilot app.

Marine:

Revenue from the marine segment increased 16% in the third quarter with broad-based growth across multiple categories, led by the sonar product category. Gross and operating margins were 64% and 30%, respectively, resulting in $94 million of operating income. During the quarter, we launched the next generation LiveScope⢠2, delivering live sonar images with improved range and clarity. Also during the quarter, we expanded our sailboat product lineup with the GMI⢠40 instrument display and the SmartDrive⢠brushless linear steering actuator. We also launched the JL Audio A60 head unit series, and M200 speaker systems.

Auto OEM:

Revenue from the auto OEM segment decreased 20% during the third quarter primarily due to domain controllers. Gross margin was 16% and we recorded an operating loss of $12 million in the quarter.

Additional Financial Information:

The consolidated third quarter gross margin expanded 420 basis points to 63.3%, compared to the prior year quarter, with higher margins across all segments. The consolidated gross margin increase was primarily attributable to favorable segment mix, lower product cost, and approximately $33 million in refunds of previously paid tariffs.

Total operating expenses in the third quarter were $646 million, a 10% increase over the prior year. Research and development increased 9% driven primarily by personnel-related costs. Selling, general and administrative expenses increased 10%, driven primarily by personnel-related costs and advertising expenses.

The effective tax rate in the third quarter was 18.1%, compared to an effective tax rate of 21.2% in the prior year quarter. The decrease in the effective tax rate is primarily driven by an increase in expected U.S. deductions due to certain provisions of the U.S. tax legislation enacted in 2025 that became effective in 2026.

In the third quarter of 2026, we generated operating cash flows of $394 million and free cash flow(1) of $293 million. We paid a quarterly dividend of $202 million and repurchased $41 million of the Company's shares within the quarter, leaving approximately $407 million remaining as of September 26, 2026 in the $500 million share repurchase program authorized through December 2028. We ended the quarter with cash and marketable securities of approximately $4.1 billion.

(1) See attached Non-GAAP Financial Information for discussion and reconciliation of non-GAAP financial measures, including pro forma effective tax rate and free cash flow.

Fiscal Year 2026 Guidance:

Based on our performance in the first three quarters of 2026 and our positive outlook for the remainder of the year, we are raising our full year 2026 guidance. We now anticipate revenue of approximately $8.15 billion and pro forma EPS of $10.80 based on gross margin of 61.0%, operating margin of 29.0% and a full year tax rate of 16.5% (see attached discussion on Forward-looking Financial Measures).

Dividend Recommendation:

At the 2026 annual shareholders' meeting, Garmin shareholders, in accordance with Swiss corporate law, approved a cash dividend in the total amount of $4.20 per share, payable in four equal installments on dates to be determined by the Board in its discretion. The first and second payments were made on June 26, 2026 and September 25, 2026. The Board of Directors has established December 24, 2026, as the payment date for the next dividend installment of $1.05 per share with a record date of December 11, 2026. The Board currently anticipates the scheduling of the remaining quarterly dividend installment as follows:

Webcast Information/Forward-Looking Statements:

The information for Garmin Ltd.'s earnings call is as follows:

An archive of the live webcast will be available until October 27, 2027 on the Garmin website at www.garmin.com. To access the replay, click on the Investors link and click over to the News & Events page.

This release includes projections and other forward-looking statements regarding Garmin Ltd. and its business that are commonly identified by words such as "anticipates," "would," "may," "expects," "estimates," "plans," "intends," "projects," and other words or phrases with similar meanings. Any statements regarding the Company's expected fiscal 2026 GAAP and pro forma estimated earnings, EPS, and effective tax rate, and the Company's expected segment revenue growth rates, consolidated revenue, gross margins, operating margins, tariffs and other global trade related impacts, potential future acquisitions, share repurchase programs, currency movements, expenses, pricing, new product launches, market reach, statements relating to possible future dividends, and the Company's plans and objectives are forward-looking statements. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors that are described in the Annual Report on Form 10-K for the year ended December 27, 2025 filed by Garmin with the Securities and Exchange Commission (Commission file number 001-41118). A copy of Garmin's 2025 Form 10-K can be downloaded from https://investors.garmin.com/financials/sec-filings/default.aspx. All information provided in this release and in the attachments is as of September 26, 2026. We undertake no duty to update this information unless required by law.

This release and the attachments contain non-GAAP financial measures. A reconciliation to the nearest GAAP measure and a discussion of the Company's use of these measures are included in the attachments.

Garmin, the Garmin logo, the Garmin delta, Edge, fÄnix, G1000, G2000, and JL Audio are trademarks of Garmin Ltd.

Domain-grounded conversational AI coding assistant added to BQuant Desktop & BQuant Enterprise

NEW YORK, Oct. 28, 2026 /PRNewswire/ -- Bloomberg today introduced BQuant Assistant, a domain-grounded conversational AI coding assistant built into BQuant Desktop and BQuant Enterprise. Integrated within the BQuant development environment, BQuant Assistant gives financial professionals who are Bloomberg Terminal subscribers the ability to use natural-language prompts to write code, build dynamic applications, and accelerate financial data analysis workflows.

BQuant Assistant brings conversational AI directly into the same Python environment where users build investment strategies, dashboards, and quantitative financial analyses. BQuant Assistant can answer customers' questions about BQuant, generate Python code, assist with querying Bloomberg's vast datasets via Bloomberg Query Language (BQL), help users debug and iterate on their work, and build code for data visualizations. BQuant Assistant can also search the BQuant Help Center and draw from relevant example notebooks, libraries, and how-to guides when answering your questions. This grounding in the BQuant environment enables BQuant Assistant to generate context-aware responses about your projects, workflows and code, thereby providing more relevant support for financial data analysis than a general-purpose coding assistant.

BQuant Assistant can also respond with code suggestions and, subject to the user's approval, insert and run code directly in their active project within the secure BQuant sandbox, so users can quickly move from question to result without switching context. Users retain full control over these actions because BQuant Assistant identifies the action it proposes and requests approval before reading from or writing to a notebook.

"Financial professionals are working with increasingly large and complex datasets, but turning an investment idea into a repeatable analysis can still require significant time and specialized coding knowledge," said Shawn Edwards, Bloomberg's Chief Technology Officer. "BQuant Assistant brings AI-driven coding that is informed by Bloomberg's understanding of financial data and quantitative workflows directly into the workflows our clients already use to build investment strategies. By helping every BQuant user â from a portfolio manager sketching out a first query to a quant engineering a multi-asset signal â easily move from a natural-language question to working code, data retrieval, and visualization, we are making it easier for clients to test ideas, refine analyses, and build investment strategies within BQuant."

With BQuant Assistant, users can:

- Generate BQL and PyBQL queries to retrieve and analyze Bloomberg financial data spanning equities, funds, fixed income, FX, commodities, indices, derivatives and other asset classes, across more than 22,000 fields including, but not limited to, reference, pricing, returns, derived analytics, fundamentals, valuations, sustainable finance data, risk metrics, estimates and economic data.

- Create code for screens and universes across equities, fixed income, foreign exchange, commodities, indices, exchange-traded funds and other asset classes.

- Insert, run, debug and iterate on PyBQL or Python code in an active notebook, subject to user approval.

- Ask questions about Bloomberg libraries, BQuant workflows, and client-facing product documentation.

- Discuss financial concepts and generate code to help implement appropriate models or techniques for a workflow.

- Receive recommendations for data visualizations and generate code using open source libraries such as Plotly and Jupyter Widgets.

- Select existing code and ask BQuant Assistant to explain it, helping users develop their Python knowledge while working.

BQuant Assistant will be generally available in BQuant Enterprise, and in limited beta in BQuant Desktop at the end of October 2026.

The introduction of BQuant Assistant follows a series of recent announcements by Bloomberg related to other AI-enabled solutions also meant to help investors and their firms get more value from the company's high-quality financial data. These include ASKB, the Bloomberg Terminal's conversational AI interface, and Enterprise Model Context Protocol (MCP), an AI access layer for Data License Plus (DL+), Bloomberg's next-generation Data License offering.

About BQuant

BQuant is a suite of advanced data science solutions designed specifically for financial markets. Its Python-based technology stack combines Bloomberg data and analytics with open source data science libraries and pre-built example projects, enabling users to build and test financial analyses, investment strategies, visualizations and market dashboards. Users can also publish their work as interactive BQuant Published Applications that can be shared with permissioned colleagues across their firm.

BQuant is available in two versions: BQuant Desktop and BQuant Enterprise, both of which will include BQuant Assistant.

Included with a Bloomberg Anywhere subscription, BQuant Desktop provides enabled Bloomberg Terminal users with programmatic access to Bloomberg data and analytics in a secure sandbox environment where they can quickly develop and refine different strategies and get new ideas to market fast. It helps users develop and refine quantitative analyses while reducing the time required to extract, normalize and manage raw data. BQuant Desktop users can publish interactive applications for colleagues at their firm and save those applications to Bloomberg Launchpad.

BQuant Enterprise is a fully managed, cloud-based analytics platform that extends BQuant with large-scale compute, broad programmatic access to Bloomberg data, internal data integration capabilities and collaborative development options. Designed for rapid development, automation and deployment, BQuant Enterprise empowers teams to get to market faster with greater operational agility and innovation. Firms can connect proprietary data sources, integrate enterprise Git platforms, reuse internal code through private Conda channels, schedule projects and use enterprise storage and results-distribution capabilities to support production-oriented workflows.

Learn more about Bloomberg's BQuant solutions at Bloomberg BQuant.

About AI at Bloomberg

Since 2009, Bloomberg has been building and using artificial intelligence (AI) in the finance domain â including machine learning (ML), natural language processing (NLP), information retrieval (IR), time-series analysis, generative models, and agentic AI architectures â to help process and organize the ever-increasing volume of structured and unstructured financial information. With this technology, Bloomberg is developing new ways for financial professionals and business leaders to derive valuable intelligence and actionable insights from high-quality financial information and make more informed business decisions.

About Bloomberg

Bloomberg is a global leader in business and financial information, delivering trusted data, news and insights that bring transparency, efficiency and fairness to markets. The company helps connect influential communities across the global financial ecosystem through reliable technology solutions that enable customers to make more informed decisions and collaborate more effectively. For more information, visit Bloomberg.com/company or request a demo.

SOURCE Bloomberg

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- Reporting third-quarter GAAP and operating earnings per share of $2.18 and $2.23, respectively

- Forecasting 2026 operating earnings per share to be at or above high end of the $6.25 to $6.55 range

- Announcing $100 billion five-year capital plan, with a 13%+ rate base CAGR through 2031

- Introducing operating earnings annual growth rate of 9% to 11% from 2027 through 2031

- Projecting operating earnings CAGR of 10%+ through 2031

- Expecting up to $21 billion of fixed cost offsets for residential customers from large load contracts

COLUMBUS, Ohio, Oct. 28, 2026 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) today reported third-quarter 2026 GAAP earnings of $1,187 million or $2.18 per share, compared with GAAP earnings of $972 million or $1.82 per share in third-quarter 2025. Operating earnings for third-quarter 2026 were $1,216 million or $2.23 per share, compared with operating earnings of $963 million or $1.80 per share in third-quarter 2025. See the detailed GAAP-to-operating earnings reconciliation at the end of this news release. AEP expects full-year results to be at or above the high end of its 2026 operating earnings guidance range of $6.25 to $6.55 per share.

AEP is also announcing an expanded $100 billion five-year capital plan through 2031 and a new long-term operating earnings growth outlook as accelerating electricity demand creates significant investment opportunities across the company's service territory. The updated capital plan is expected to support a robust 13% plus rate base compound annual growth rate (CAGR) through 2031.

AEP is further introducing an expected annual operating earnings per share growth rate of 9% to 11% from 2027 through 2031, with a greater than 10% CAGR through 2031 based off the original 2026 guidance midpoint of $6.30 per share. The company is also issuing operating earnings guidance ranges of $6.75 to $7.05 per share and $7.40 to $7.70 per share for 2027 and 2028, respectively.

"AEP is entering our next phase of growth from a position of strength," said Bill Fehrman, AEP chairman, president and chief executive officer. "Our expanded capital plan and increased growth rate reflect the significant opportunities ahead and our ability to execute at scale to help meet rapidly growing energy needs while delivering long-term value to our customers, communities, shareholders and all other stakeholders."

Growth Supports Customer Affordability

AEP's growth strategy is designed to support both infrastructure investment and customer affordability. New manufacturers, hyperscalers and other large customers help spread fixed system costs across a broader customer base. Fully executed take-or-pay electric service agreements in AEP's vertically integrated states are now expected to generate up to $21 billion in fixed cost offsets, increased from $16 billion, for existing residential customers over the life of the contracts. The second proposed rate reduction in Indiana is a clear example of this and demonstrates how responsibly managed load growth can benefit customers while supporting the investments needed for reliable service.

"As electricity demand accelerates, AEP is committed to having new large-load customers bear the incremental system costs they create and fund the investments required to serve them," Fehrman said. "By pairing disciplined customer agreements with strategic investments in generation, transmission and distribution, we can strengthen reliability, drive affordability for customers and bring new economic opportunities to the communities we serve."

Accelerating Demand Drives Diversified Capital Plan

With 15 gigawatts (GW) of new load commitments signed during the third quarter, AEP's incremental contracted load is expected to grow to 84 GW by 2031. Projects are only included as incremental contracted load if backed by fully executed electric service agreements or letters of agreement.

AEP's expanded five-year capital plan of $100 billion includes significant investment needs to strengthen reliability, modernize the grid and support growing customer demand. As a result, AEP's rate base is expected to grow to $162 billion by 2031.

Building on its position as the nation's largest owner and operator of transmission, the company plans to invest approximately $37 billion in transmission assets as part of the new capital plan. Accordingly, AEP's transmission rate base is expected to nearly double and approach $70 billion by 2031.

AEP also plans to invest $36 billion in generation resources across its portfolio through 2031 to meet the increased demand, which is backed by long-term customer contracts. Approximately $22 billion of capital is planned for distribution, with investments focused on increasing the reliability and resiliency of the grid.

EARNINGS GUIDANCE

Given the strong year-to-date performance, AEP expects full-year 2026 operating earnings to be at or above the high end of the guidance range of $6.25-$6.55 per share and introduced operating earnings guidance ranges of $6.75 to $7.05 per share for 2027 and $7.40 to $7.70 per share for 2028.

NON-GAAP FINANCIAL MEASURES

Operating earnings, which could differ from earnings reported in accordance with GAAP, exclude certain gains and losses and other specified items that management believes are not indicative of AEP's ongoing performance. AEP management is not able to forecast if any of these items will occur or any amounts that may be reported for future periods. Therefore, AEP is not able to provide a corresponding GAAP equivalent for earnings guidance at this time.

2026 EPS GUIDANCE RECONCILIATION

Reflecting certain items recorded through the third quarter, the estimated earnings per share on a GAAP basis would be $6.11 to $6.41 per share. See the table below for a full reconciliation of 2026 earnings guidance.

WEBCAST

AEP's quarterly discussion with financial analysts and investors will be broadcast live over the internet at 9 a.m. Eastern today at http://www.aep.com/webcasts. The webcast will include audio of the discussion and visuals of charts and graphics referred to by AEP management. The charts and graphics will be available for download at http://www.aep.com/webcasts.

AEP reports its financial results in accordance with GAAP. AEP supplements its reporting of financial information with certain non-GAAP financial measures, such as operating earnings and operating earnings per share. The most comparable GAAP measure to operating earnings and operating earnings per share is GAAP earnings and GAAP earnings per share, respectively.

This information is intended to enhance an investor's overall understanding of period over period financial results and provide an indication of AEP's baseline operating performance by excluding items that are considered by management to be not directly related to the ongoing operations of the business. In addition, this information is among the primary indicators management uses as a basis for evaluating performance, allocating resources, setting incentive compensation targets and planning and forecasting of future periods. These non-GAAP financial measures are not a presentation defined under GAAP and may not be comparable to other companies' presentations. These non-GAAP measures should not be deemed more useful than, a substitute for, or an alternative to the most comparable GAAP measures.

ABOUT AEP

American Electric Power (Nasdaq: AEP) is committed to improving our customers' lives with reliable, affordable power. We plan to invest $100 billion from 2027 through 2031 to enhance service for customers and support the growing energy needs of our communities. Our nearly 18,000 employees operate and maintain the nation's largest electric transmission system with approximately 40,000 line miles, along with more than 253,000 miles of distribution lines to deliver energy to 5.6 million customers in 11 states. AEP also is one of the nation's largest electricity producers with approximately 34,000 megawatts of diverse owned and contracted generating capacity. We are focused on safety and operational excellence, creating value for our stakeholders and bringing opportunities to our service territory through economic development and community engagement. Our family of companies includes AEP Texas, Appalachian Power (in Virginia, West Virginia and Tennessee), Indiana Michigan Power, Kentucky Power, Ohio Power, Public Service Company of Oklahoma, and Southwestern Electric Power Company (in Arkansas, Louisiana, east Texas and the Texas Panhandle). For more information, visit aep.com.

WEBSITE DISCLOSURE

AEP may use its website as a distribution channel for material company information. Financial and other important information regarding AEP is routinely posted on and accessible through AEP's website at https://www.aep.com/investors/. In addition, you may automatically receive email alerts and other information about AEP when you enroll your email address by visiting the "Email Alerts" section at https://www.aep.com/investors/.

FORWARD-LOOKING INFORMATION

This report made by the Registrants contains forward-looking statements, and for the Registrants other than Parent, this report contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. These matters are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Forward-looking statements in this document are presented as of the date of this document. Except to the extent required by applicable law, management undertakes no obligation to update or revise any forward-looking statement.

Quarterly Revenue Increases 5% to $8.4 Billion

Income Before Taxes of $302 Million; Net Income of $221 Million; Earnings Per Share of $3.36

BLOOMFIELD HILLS, Mich., Oct. 28, 2026 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers, today announced financial results for the third quarter of 2026.

Proposed Take Private Transaction

As previously announced on October 15, 2026, the Company entered into a merger agreement (the "Merger Agreement") to be taken private by Motown Acquisition Corp. ("Buyer"), an entity owned by Penske Corporation ("Penske") and Mitsui & Co., Ltd. ("Mitsui") (the "Proposed Transaction"). Under the terms of the Merger Agreement, holders of Penske Automotive Group common stock, other than Penske Corporation, Mitsui and the other members of the investor group, will receive $212.00 per share in cash, valuing the Company at an enterprise value of approximately $16.3 billion. If consummated, upon completion of the Proposed Transaction, the Company will become a privately held company, with approximately 64% of the Company's ownership to be held by Penske and 36% to be held by Mitsui. The Proposed Transaction is expected to close in the first quarter of 2027, subject to the satisfaction or waiver of closing conditions.

In light of the Proposed Transaction, the Company will not host an earnings conference call in connection with its quarterly results. For further detail concerning the Proposed Transaction, please refer to the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on October 15, 2026. 

Third Quarter and Nine Month Results

For the quarter, revenue increased 5% to $8.4 billion when compared to $8.1 billion for the same period in 2025. Earnings before taxes was $302.0 million, net income attributable to common stockholders was $220.8 million, and related earnings per share was $3.36, in each case including $6.3 million of costs ($4.6 million after tax, or $0.07 per share) associated with the Proposed Transaction. These GAAP results include the full quarterly results of Penske Motor Group in both periods, which are required by GAAP for common control transactions (see Non-GAAP reconciliations below). Foreign currency exchange negatively impacted revenue by $2.3 million, positively impacted net income attributable to common stockholders by $0.7 million, and positively impacted earnings per share by $0.01.

For the nine months ended September 30, 2026, revenue was $24.8 billion, net income attributable to common stockholders was $715.7 million, and related earnings per share was $10.89, in each case including the Proposed Transaction costs noted above. For the same period in 2025, the Company generated $24.0 billion in revenue, net income attributable to common stockholders was $749.1 million, and related earnings per share was $11.30. These GAAP results include a gain on the sale of dealerships, certain disposals and other charges, as well as the full results of Penske Motor Group in both periods, which are required by GAAP for common control transactions (see Non-GAAP reconciliations below). Foreign currency exchange positively impacted revenue by $272.4 million, net income attributable to common stockholders by $5.7 million, and earnings per share by $0.09.

Retail Automotive Dealerships

For the three months ended September 30, 2026, total new units delivered decreased 2% and used units delivered increased 2%. Total retail automotive revenue increased 1% to $7.0 billion and increased 2% on a same-store basis. On a sequential basis when compared to the second quarter of 2026, new vehicle gross profit per unit decreased $258 and used vehicle gross profit per unit decreased $149. When compared to the prior year period, same-store retail automotive service and parts revenue and gross profit both increased 3%.

For the nine months ended September 30, 2026, total new units delivered decreased 1% and used units delivered increased 2%. Total retail automotive revenue increased 3% to $21.3 billion and increased 3% on a same-store basis. When compared to the prior year period, same-store retail automotive service and parts revenue increased 3% and gross profit increased 4%.

Retail Commercial Truck Dealerships

For the three months ended September 30, 2026, the Company's retail commercial truck dealerships retailed 6,779 new and used units and generated $1.1 billion in revenue and $59.6 million in income before taxes. This compares to 5,108 new and used units, $918.6 million of revenue, and $41.5 million in income before taxes during the same period in the prior year. For the nine months ended September 30, 2026, the Company's retail commercial truck dealerships retailed 15,793 new and used units and generated $2.7 billion in revenue and $143.1 million in income before taxes. This compares to 15,161 new and used units, $2.7 billion in revenue, and $140.8 million in income before taxes during the same period in the prior year.

Penske Transportation Solutions Investment

Penske Transportation Solutions ("PTS") is a leading provider of full-service truck leasing, truck rental, contract maintenance, and logistics services. PTS operates a managed fleet with over 373,600 trucks, tractors, and trailers under lease, rental and/or maintenance contracts. Penske Automotive Group has a 28.9% ownership interest in PTS and accounts for its ownership interest using the equity method of accounting. For the three and nine months ended September 30, 2026, the Company recorded earnings with respect to the investment of $68.5 million and $167.0 million, respectively.

Corporate Development, Capital Allocation, Liquidity, and Leverage

During the nine months ended September 30, 2026, the Company repurchased 265,104 shares of common stock for approximately $42.5 million. As of September 30, 2026, $221.2 million remained outstanding and available for repurchases under our securities repurchase program. The Merger Agreement restricts the Company's ability to repurchase its common stock, and the Company therefore does not expect further repurchases of shares under this authority during the pendency of the Proposed Transaction. As of September 30, 2026, the Company had approximately $1.6 billion in liquidity, including $68 million in cash and $1.5 billion of availability under its U.S. and international credit agreements and revolving mortgage facilities. The Company's leverage ratio at September 30, 2026 was 1.6x. During October 2026, the Board of Directors approved an increase in the quarterly dividend of 1.4%, or $0.02 per share, to $1.46 per share, bringing the annualized dividend to $5.84 per share. The dividend is payable December 1, 2026, to shareholders of record as of November 13, 2026.

About Penske Automotive

Penske Automotive Group, Inc. (NYSE: PAG), headquartered in Bloomfield Hills, Michigan, is a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers. PAG operates dealerships in the United States, the United Kingdom, Canada, Germany, Italy, Japan, and Australia and is one of the largest retailers of commercial trucks in North America for Freightliner. PAG also distributes and retails commercial vehicles, diesel and gas engines, power systems, and related parts and services principally in Australia and New Zealand. PAG employs approximately 28,900 people worldwide. Additionally, PAG owns 28.9% of Penske Transportation Solutions ("PTS"), a business that employs over 40,000 people worldwide, manages one of the largest, most comprehensive and modern trucking fleets in North America with over 373,600 trucks, tractors, and trailers under lease, rental, and/or maintenance contracts and provides innovative transportation, supply chain, and technology solutions to its customers. PAG is a member of the S&P Mid Cap 400, Fortune 500, Russell 1000, and Russell 3000 indexes. For additional information, visit the Company's website at www.penskeautomotive.com.

Non-GAAP Financial Measures

This release contains certain non-GAAP financial measures as defined under SEC rules, such as adjusted revenue, adjusted gross profit, adjusted net income, adjusted earnings per share, adjusted income before taxes, earnings before interest, taxes, depreciation, and amortization ("EBITDA"), adjusted EBITDA, adjusted selling, general, and administrative expenses, and leverage ratio. The Company has reconciled these measures to the most directly comparable GAAP measures in the release. The Company believes that these widely accepted financial measures of operating profitability improve the transparency of the Company's disclosures and provide a meaningful presentation of the Company's results from its core business operations excluding the impact of items not related to the Company's ongoing core business operations and improve the period-to-period comparability of the Company's results from its core business operations. These non-GAAP financial measures are not substitutes for GAAP financial results and should only be considered in conjunction with the Company's financial information that is presented in accordance with GAAP.

Cautionary Statement Regarding Forward-Looking Statements

This communication may include statements that are not statements of historical fact, or "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including with respect to the Company's financial performance, expectations, acquisition activity, future plans and future revenues, and with respect to the Proposed Transaction.

Third-Quarter Highlights:

- Sales of $2.0 billion, an increase of $121 million versus the third quarter of 2025

- Net income of $15 million, including $29 million from discontinued operations and $41 million of debt-extinguishment and net tax charges

- Adjusted EBITDA of $218 million; $56 million higher than third quarter of 2025

- 10.7 percent adjusted EBITDA margin; 220 basis points higher than prior year

- Achieved $60 million in cost savings year to date

- Repurchased 6.6 million shares, returning $200 million to shareholders

- Year-to-date shareholder repurchases of $369 million

- Planning an additional ~$100 million of repurchases in the fourth quarter of 2026

- Eaton Mobility transaction remains on track to close around the end of the first quarter of 2027

- Nearly all regulatory approvals have been obtained with only one pending

MAUMEE, Ohio, Oct. 28, 2026 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) today announced its third-quarter 2026 financial results, delivering strong performance with higher sales and expanding margins.

"Dana delivered strong third-quarter results, reflecting our continued focus on operating the business well and executing our strategy with discipline," said Byron Foster, Chief Executive Officer. "Productivity gains, commercial initiatives, and structural cost reductions are driving meaningful margin improvement as we capitalize on stronger commercial vehicle demand and continue to return capital to shareholders. As we work toward closing the Eaton Mobility transaction, we remain firmly focused on delivering strong performance today while preparing to create an even stronger, more diversified company positioned for long-term growth and shareholder value."

Sales in the third quarter of 2026 totaled $2.04 billion, compared with $1.92 billion in the same period of 2025. The increase was primarily driven by stronger commercial vehicle demand, backlog conversion, and commercial and cost-recovery actions.

Adjusted EBITDA for the third quarter was $218 million, representing a 10.7 percent margin, compared with $162 million, 8.5 percent margin, for the same period in 2025. Cost-savings actions, operational efficiency improvements, and commercial initiatives were the primary drivers of the improvement.

Net loss from continuing operations was $10 million in the third quarter of 2026, compared with net income of $13 million in the same period of 2025. Diluted loss per share from continuing operations was $0.13, compared with diluted earnings per share of $0.07 last year. Significantly improved operating performance and lower net interest expense were more than offset by a $24 million loss on the extinguishment of debt and higher income tax expense, including a $29 million charge related to the settlement of a foreign income tax partially offset by a $12 million benefit associated with post Off-Highway sale restructuring actions.

Adjusted net income improved to $44 million in the third quarter of 2026 from an adjusted net loss of $5 million in the prior-year period, while diluted adjusted earnings per share improved to $0.41 from an adjusted loss per share of $0.04.

Operating cash flow was $102 million in the third quarter of 2026, compared with $111 million in the prior-year period. Adjusted free cash flow was $66 million, compared with $101 million in the prior-year period. Higher earnings from continuing operations and lower one-time costs, net interest and cash taxes partially offset the absence of cash generation from the divested Off-Highway business, higher capital spending, and working capital timing.

Dana today announced an increase in its planned share repurchases ahead of the closing of the Eaton Mobility transaction. During the third quarter, the company repurchased approximately 6.6 million shares for $200 million, bringing year-to-date capital returned to shareholders through share repurchases to $369 million. Dana expects to repurchase an additional $100 million of shares in the fourth quarter of 2026.

"We continue to see compelling strategic and financial benefits from the combination with Eaton Mobility and are confident in the value the transaction will create for our shareholders, customers, and employees," Foster added. "As we move toward closing, we are also maximizing the opportunities available to return capital to shareholders. Our increased fourth-quarter repurchases underscore our confidence in Dana and our commitment to shareholder value."

Dana has revised its full-year guidance, raising its sales outlook by approximately $50 million, reflecting higher demand and recoveries. The company maintained its adjusted EBITDA, diluted adjusted EPS, and adjusted free cash flow guidance.

Revised 2026 Financial Targets

Dana to Host Conference Call at 9 a.m. Wednesday, October 28

Dana will discuss its third-quarter 2026 results in a conference call at 9 a.m. EDT on Wednesday, October 28.  The conference call can be accessed by telephone from both domestic and international locations using the information provided below:

Conference ID: 596 110 089

Participant Toll-Free Dial-In Number: +1 833-461-5787

Participant Toll Dial-In Number: +1 585-542-9983

Audio streaming and slides will be available online via a link provided on the Dana investor website: www.dana.com/investors. Phone registration will be available beginning at 8:30 a.m. EDT.

A webcast replay can be accessed via Dana's investor website following the call.

Cautionary Notes on Forward-Looking Statements

This communication includes "forward-looking statements" within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995, including statements regarding the proposed transaction between Eaton Corporation plc ("Eaton"), Dana Incorporated ("Dana") and Mobility (USA) Corporation ("SpinCo"), as well as statements regarding Dana's business, financial condition and results of operations more generally. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "forecast," "outlook," "target," "endeavor," "seek," "predict," "intend," "strategy," "plan," "may," "could," "should," "will," "would," "potential," "continue," "ongoing," or the negative thereof or variations thereon or similar terminology generally intended to identify forward-looking statements. All statements, other than historical facts, including, but not limited to, statements regarding Dana's current expectations, estimates and projections about its industry and business, the expected timing and structure of the proposed transaction and financing of the transaction, the ability of the parties to complete the proposed transaction, the expected benefits of the proposed transaction, including future financial and operating results and strategic and synergistic benefits, the tax consequences of the proposed transaction and the combined company's plans, objectives, expectations and intentions, legal, economic and regulatory conditions, and any assumptions underlying any of the foregoing, are forward-looking statements.

These forward-looking statements are based on Dana's current expectations and are subject to risks and uncertainties and are not guarantees of future results. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. The inclusion of such statements should not be regarded as a representation that such plans, estimates or expectations will be achieved. Important factors that could cause actual results to differ materially from such plans, estimates or expectations include, among others, the ability to complete the proposed transaction on the timeframe or on the terms currently anticipated or at all, including due to a failure to obtain requisite stockholder and/or regulatory approvals; risks related to difficulties, inabilities or delays in integrating the businesses of Dana and SpinCo; the ability to realize the anticipated benefits of the proposed transaction, including estimated combined EBITDA, estimated combined revenue and estimated run-rate cost synergies; potential impact of the proposed transaction on Dana's stock price; restrictions on the conduct of Dana's business prior to and after closing and on its ability to pursue alternatives to the proposed transaction; the possibility that the proposed transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events, or unforeseen or unknown liabilities; the ability of the combined company to implement its business strategy; the inability of the combined company to retain and hire key personnel; the occurrence of any event that could give rise to termination of the proposed transaction; the risk that stockholder litigation in connection with the proposed transaction or other litigation, settlements or investigations may affect the timing or occurrence of the proposed transaction or result in significant costs of defense, indemnification and liability; risks relating to the ability to obtain financing for the transaction upon acceptable terms or at all; evolving legal, regulatory and tax regimes; changes in general economic and/or industry specific conditions; global economic repercussions related to U.S.

DELRAY BEACH, Fla., Oct. 28, 2026 /PRNewswire/ -- According to MarketsandMarketsâ¢, the solar-powered drone market is projected to grow from USD 0.03 billion in 2026 to USD 0.16 billion by 2035 at a CAGR of 18.4% during the forecast period.

Browse 200 market data Tables and 100 Figures spread through 300 Pages and in-depth TOC on "Solar-Powered Drone Market - Global Forecast to 2035"

Solar-Powered Drone Market Size & Forecast:

- Market Size Available for Years: 2021â2035

- 2026 Market Size: USD 0.03 billion

- 2035 Projected Market Size: USD 0.16 billion

- CAGR (2026â2035): 18.4%

Solar-Powered Drone Market Trends & Insights:

- The market growth is driven by the increasing need for long-endurance drones for communication, surveillance, Earth observation, and remote area monitoring, as these applications require drones to operate for longer periods with less dependence on ground charging and battery replacement.

- By energy architecture, the fully solar electric UAV segment is set to experience the highest growth rate of 18.9% during the forecast period.

- By drone type, the large (above 150 KG MTOW) segment holds a dominant market position.

- By operating altitude, the stratospheric (above 65,000 FT) segment holds the leading market position.

- By region, Asia Pacific region is expected to have a CAGR of 23.3% during the forecast period.

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The market is expected to expand as solar-powered aircraft are increasingly evaluated for missions that require extended flight without frequent landing. Developments in high-efficiency solar cells, lightweight structures, and energy management systems are helping improve power generation and energy use during flight. At the same time, growing use of HAPS and stratospheric UAVs is creating opportunities for communication relay, persistent surveillance, Earth observation, and remote sensing at higher altitudes. These developments are supporting further adoption of long-endurance UAVs for defense, telecommunications, and environmental monitoring, along with other applications.

Small (Up to 25 KG MTOW) segment to hold largest market share in 2026

By drone type, the small (Up to 25 Kg MTOW) segment is expected to record the largest share of the solar-powered drone market in 2026, supported by its suitability for missions requiring lower payload capacity. These solar-powered drones can be used for remote sensing, Earth observation, agriculture monitoring, and infrastructure inspection. Their smaller size can also reduce transport and operational requirements, making them suitable for field missions in remote locations. Small UAV drones are expected to remain important during the early adoption of solar-powered drone technologies, particularly for applications where lightweight design and moderate flight duration are sufficient.

Fully solar-electric UAV segment to become fastest-growing between 2026 and 2035

By energy architecture, the fully solar-electric UAV segment is expected to record the highest CAGR in the solar-powered drone market during the forecast period. These UAVs generate power directly from the onboard solar cells, reducing reliance on external charging during daylight operations. This architecture is suitable for missions requiring extended flight duration, including persistent surveillance, communication relay, Earth observation, and remote sensing. Improvements in solar cell efficiency, lightweight aircraft structures, and battery storage are supporting the development of these platforms. The segment is also gaining relevance for HAPS and stratospheric UAVs, where aircraft need to maintain operation for long periods while managing limited onboard energy.

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Middle East to be second-largest solar-powered drone market during forecast period

By region, the Middle East is expected to hold the second-largest share of the solar-powered drone industry during the forecast period. Growth is supported by demand for long-endurance UAVs for border monitoring, maritime surveillance, infrastructure inspection, and remote area operations. The region's large desert and coastal areas create use cases where solar-powered UAVs can support extended missions with limited ground infrastructure. Development of HAPS and stratospheric UAVs is also creating opportunities for communication relay, persistent surveillance, Earth observation, and remote sensing. Government and defense programs in the UAE, Saudi Arabia, and Türkiye are expected to support further adoption of solar-powered drone technologies.

Some major market players in solar-powered drone companies include AALTO HAPS Ltd. (UK), Skydweller Aero Inc. (US), and AeroVironment, Inc. (US). These companies are developing solar-powered UAVs, long-endurance UAVs, and HAPS for applications such as communication relay, persistent surveillance, earth observation, and remote sensing. Their activities include product development, flight testing, government contracts, connectivity programs, and partnerships, supporting the use of solar-powered aircraft for long-duration operations.

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Kommunikationsabteilungen setzen auf KI: Mehr Content heißt nicht automatisch mehr Wirkung

Hamburg (ots)

- Mittelfristig wollen 70 Prozent der Kommunikationsleiter über die Hälfte des Contents mit Hilfe von KI erstellen lassen

- Nur 15 Prozent der Führungskräfte stimmen KI-Systeme miteinander ab, um komplexe Aufgaben auszuführen

Kommunikationsabteilungen nutzen Künstliche Intelligenz (KI) immer stärker bei der Content-Erstellung. Bereits 41 Prozent der Kommunikationsleiter lassen mindestens die Hälfte ihrer Inhalte von KI oder mit Unterstützung der KI erstellen. Weniger als die Hälfte prüft regelmäßig den Erfolg der eingesetzten Maßnahmen. Das sind Ergebnisse der IMPACT-Studie 2026 der PER Group, für die 300 Entscheiderinnen und Entscheider befragt wurden.

Derzeit setzen Kommunikationsabteilungen KI vor allem für die personalisierte Kundenansprache ein (31 Prozent) und um mehr Kommunikation mit den Zielgruppen zu realisieren (28 Prozent). Mittelfristig wollen mehr Unternehmen einen hohen Anteil KI-generierter Inhalte umsetzen - 70 Prozent der Führungskräfte planen, in fünf Jahren mehr als die Hälfte ihrer Inhalte so zu produzieren. Während KI heute hauptsächlich dort genutzt wird, wo sich Zielgruppen häufiger und präziser ansprechen lassen, besteht bei Kommunikationsabteilungen bislang eine Kompetenzlücke im Bereich Agentic AI. Nur 15 Prozent der Kommunikationsleiter verwenden bisher aufeinander abgestimmte KI-Systeme, die komplexe Aufgaben ausführen können.

"KI steigert die Effizienz der Kommunikationsabteilungen deutlich. Gleichzeitig verschärft sie ein bestehendes Steuerungsproblem: Durch das schnellere und günstigere Produzieren von Content steigt der Output. Das birgt ein Risiko für den Impact. Mehr Texte, Posts und personalisierte Inhalte sagen am Ende nichts darüber aus, ob sich Wahrnehmungen und Verhalten tatsächlich geändert haben", sagt Dr. Roland Heintze, Geschäftsführer der PER Group.

Die technologische Basis ist da

Den Kommunikationsabteilungen fehlen keineswegs die technologischen Mittel, um Impact zu erzielen: Mit Kompetenzen in Social Listening (41 Prozent), Predictive Analytics (30 Prozent) und Attribution Modelling (26 Prozent) verfügen sie intern bereits über mehrere Bausteine für den wirkungsorientierten KI-Einsatz. Doch: "Diese Bausteine allein bewirken noch keinen Unterschied", erläutert Dr. Roland Heintze. "Der technologische Reifegrad einer Kommunikationsabteilung wird künftig nicht an der Anzahl der eingesetzten KI-Tools gemessen, sondern an der Qualität der Entscheidungen, die sie ermöglichen. Voraussetzung dafür ist eine Impact Architecture, mit der Strategie, Daten, Prozesse und Technologie konsequent auf Wirkung ausgerichtet werden."

Interviews und Hintergrundgespräche

Dr. Roland Heintze steht für Interviews und Hintergrundgespräche zur IMPACT-Strategy zur Verfügung. Mögliche Themen sind der messbare Wertbeitrag von Unternehmenskommunikation, Kommunikation als C-Level-Funktion, Impact statt Output sowie die Frage, wie Kommunikation, Daten, Insights, KI und Technologie künftig zusammenspielen müssen.

Über die Studie

Die IMPACT-Studie 2026 der PER Group untersucht, wie Vorstände, Geschäftsführer sowie Entscheider aus Marketing und Unternehmenskommunikation den Wertbeitrag, die strategische Einbindung und den Wirkungsnachweis der Unternehmenskommunikation einschätzen. Für die repräsentative Online-Befragung wurden 300 Entscheiderinnen und Entscheider aus Unternehmen mit mehr als 500 Mitarbeitenden in Deutschland, Österreich und der Schweiz befragt: 100 Vorstände und Geschäftsführer (C-Level) sowie 200 Entscheidungsträger aus Marketing und Unternehmenskommunikation.

Über die PER Group

Mehr Kommunikation - aber nicht mehr Wirkung. Mehr Daten - aber nicht bessere Entscheidungen. Und mehr Technologie - aber nicht mehr Erfolg. Deshalb verbindet die PER Group als Netzwerk spezialisierter Impact Architects Kommunikation, Daten und Technologie zu Impact Architectures, die messbar auf die Ziele von Unternehmen einzahlen.

Less Noise. More Impact.

Pressekontakt:

PER Group

Dr. Roland Heintze

E-Mail: roland.heintze@per-group.com

Telefon: +49 40 253185-111

Ludwig-Erhard-Straße 37

D-20459 Hamburg

www.PER-Group.com

Original-Content von: PER Group, übermittelt durch news aktuell