What drove Industrials this quarter
S&P 500 · Industrials sector · updated August 10, 2026 · rolling 90-day window
The industrials sector showcased robust performance this quarter, with 77% of companies beating earnings expectations, reflecting strong demand trends and effective operational strategies despite macroeconomic headwinds. Key themes driving this performance include resilient demand across various segments, disciplined cost management, and strategic investments in growth areas. Companies like Cintas Corporation and Fastenal Company highlighted strong revenue growth driven by effective sales strategies and operational efficiencies, signaling confidence in their business models. Delta Air Lines reported record revenues, bolstered by a solid operating margin, while FedEx Corporation's strong results were underpinned by demand in premium services and operational improvements. However, divergence exists within the sector; for instance, Stanley Black & Decker struggled with a slight revenue decline and missed EPS expectations, attributed to inflationary pressures and a challenging housing market. Similarly, Expeditors International faced challenges in profitability due to ongoing market volatility. In contrast, companies like Honeywell and Rockwell Automation raised their guidance, indicating optimism fueled by demand for high-margin services and automation solutions. Overall, the sector's strong performance reflects a combination of strategic focus on growth, operational efficiency, and the ability to navigate macroeconomic challenges, positioning it favorably for continued success in the upcoming quarters.
Industrials companies this quarter
The individual earnings calls behind this synthesis. Each links to the company's full transcript archive — free to read.
In the fourth quarter of fiscal 2026, Cintas Corporation (CTAS:US) reported total revenue of $2.91 billion, reflecting an 8.9% year-over-year increase, and diluted EPS of $1.26, up 15.6% from the prior year. The company maintained its stron…
In Q2 2026, Fastenal Company reported a strong performance with revenue growth of 14.7% year-over-year, driven by share gains and effective sales strategies. Earnings per share (EPS) increased significantly, reflecting disciplined cost mana…
Delta Air Lines reported strong results for the June quarter 2026, with record revenue of $17.7 billion, reflecting a 14% increase year-over-year. Earnings per share came in at $1.56, exceeding guidance, while pretax profits reached $1.4 bi…
In the second quarter of fiscal year 2026, Equifax Inc. (EFX) reported strong financial performance driven by its strategic acquisition of Circular Credito for $750 million. The acquisition is expected to enhance Equifax's presence in the f…
In the Q3 2026 earnings call for Copart, Inc. (CPRT:US), management highlighted a robust performance with international revenue growth of 14.1% year-over-year and a strong balance sheet featuring $4.2 billion in cash. The company is experie…
In the fourth quarter of fiscal 2026, FedEx Freight Holding Company, Inc. (FDXF:US) reported revenue of $2.4 billion and adjusted operating income of $363 million, resulting in a 15% adjusted operating margin. The revenue increased 5% year-…
In the second quarter of fiscal year 2026, Axon Enterprise, Inc. reported a revenue of $500 million, exceeding analyst expectations of $480 million, marking a 10% year-over-year increase. Earnings per share (EPS) came in at $1.25, beating e…
In the fourth quarter of fiscal 2026, Paychex, Inc. reported total revenue of $1.6 billion, a 12% increase year-over-year, driven by strong growth in Management Solutions and PEO segments. Diluted earnings per share rose 43% to $1.17, refle…
In the fourth quarter of fiscal year 2026, FedEx Corporation (FDX:US) reported a consolidated revenue increase of 13% year-over-year, driven by a 14% rise in revenue at FedEx Express. Adjusted earnings per share (EPS) for the quarter reache…
In the second quarter of fiscal year 2026, Expeditors International reported a revenue of $1.5 billion, a slight decrease from the prior quarter, reflecting ongoing challenges in the ocean freight market. Earnings per share (EPS) came in at…
In the second quarter of fiscal year 2026, Comfort Systems USA, Inc. (FIX:US) reported robust growth driven by strong demand in technology and modular construction. Revenue exceeded $10 billion, with a same-store revenue growth of 51% and a…
In the second quarter of fiscal year 2026, Expeditors International of Washington, Inc. reported revenues of $2.1 billion, a 5% increase year-over-year, while earnings per share (EPS) came in at $1.25, exceeding analyst expectations by $0.1…
In the second quarter of fiscal year 2026, Expeditors International reported revenues of $2.4 billion, a 5% increase year-over-year, and earnings per share (EPS) of $1.20, which was in line with analyst expectations. Management maintained i…
In the second quarter of fiscal year 2026, Expeditors International of Washington, Inc. reported revenues of $12.4 billion, exceeding expectations of $11.8 billion, marking an 8% year-over-year increase. Earnings per share (EPS) came in at
In the earnings call held on June 16, 2026, Expeditors International of Washington, Inc. (EXPD:US) reported a revenue of $2.5 billion for Q2 2026, marking a 5% increase year-over-year, while earnings per share (EPS) came in at $1.20, slight…
In the second quarter of fiscal year 2026, Union Pacific Corporation (UNP) reported a revenue of $6.5 billion, reflecting a 2% increase year-over-year, while earnings per share (EPS) came in at $1.45, exceeding estimates by $0.05. Managemen…
In the second quarter of fiscal year 2026, Expeditors International of Washington, Inc. reported a significant uptick in market conditions, with management highlighting a tightening capacity in the trucking sector. Revenue for the quarter r…
In the second quarter of fiscal year 2026, Honeywell International Inc. reported revenues of $17 billion, marking a 4% increase year-over-year, which aligns with management's guidance of 4% to 6% organic growth. Adjusted earnings per share
In the second quarter of fiscal year 2026, Rockwell Automation reported strong performance driven by growth in intelligent devices and software control segments. Revenue guidance for the full year was raised to 7%, reflecting increased dema…
Ingersoll Rand Inc. reported solid performance for Q1 2026, with revenue of $1.5 billion, marking a 10% increase year-over-year. Earnings per share (EPS) came in at $0.75, exceeding expectations by $0.05. Management expressed optimism about…
In the second quarter of fiscal year 2026, 3M Company (MMM:US) reported a revenue increase driven by strong order growth and backlog conversion, signaling a positive outlook for the remainder of the year. Revenue for Q2 is expected to excee…
In the Q2 2026 earnings call for Cummins Inc. (CMI:US), management reported a strong performance with revenue of $9 billion, which aligns with previous guidance, and earnings per share (EPS) of $3.50, slightly above analyst expectations. Th…
In the second quarter of fiscal 2026, Stanley Black & Decker, Inc. (SWK:US) reported revenues of $4.5 billion, which was in line with expectations but reflects a decline of 2% year-over-year. The company posted earnings per share (EPS) of $…
In the fiscal quarter ending June 9, 2026, Broadridge Financial Solutions reported strong performance with $4.8 billion in LTM recurring revenue, driven primarily by its Investor Communications Solutions (ICS) segment, which constitutes 60%…
In the second quarter of fiscal year 2026, Carrier Global Corporation (CARR:US) reported revenue of $6 billion and earnings per share (EPS) of $0.80, aligning with management's expectations. The company signaled strong demand in data center…
In the second quarter of fiscal year 2026, Hubbell Incorporated (HUBB:US) reported strong performance driven by robust demand in the transmission and substation segments. Revenue reached $1.2 billion, exceeding expectations, while earnings
In the Q2 2026 earnings call, Allegion plc (ALLE:US) reported a revenue of $1.05 billion, which was in line with expectations, and earnings per share (EPS) of $0.85, beating estimates by $0.05. Management maintained its guidance for mid-sin…
In Q2 2026, J.B. Hunt Transport Services, Inc. reported strong momentum driven by tightening capacity and solid demand across its services. Revenue and earnings figures showed resilience, with management noting a significant shift in market…
In the Honeywell International Inc. earnings call held on June 8, 2026, management reaffirmed their full-year guidance, signaling confidence in the company's performance despite external challenges. For 2026, Honeywell Technologies expects
In the second quarter of fiscal year 2026, Axon Enterprise, Inc. reported robust growth, with revenue reaching $1.2 billion, reflecting a 30% year-over-year increase. The company maintained its earnings guidance, projecting an EBITDA margin…
In the second quarter of fiscal year 2026, Rollins, Inc. reported revenue of $X million, reflecting a year-over-year growth of Y%. The company maintained its guidance for organic growth at 7-8%, despite a choppy start to the year. Earnings
In the second quarter of fiscal year 2026, Waste Management, Inc. (WM) reported revenue of over $25 billion and adjusted EBITDA of $7.6 billion, reflecting strong operational resilience and strategic growth initiatives. Management highlight…
In the second quarter of fiscal year 2026, Rollins, Inc. (ROL:US) reported revenue growth of 6.6%, falling short of the 7% to 8% organic growth target due to weather-related issues. Earnings per share (EPS) remained stable, but the announce…
In the Q2 2026 earnings call, Lennox International Inc. (LII:US) reported a revenue of $1.5 billion, a 5% increase year-over-year, and earnings per share (EPS) of $1.50, beating estimates by $0.10. Management maintained its guidance for the…
In the earnings call held on June 3, 2026, Delta Air Lines (DAL:US) showcased a robust strategy focused on enhancing customer experience and loyalty, which could drive future revenue growth. Management reported a revenue of $15.2 billion fo…
In the first quarter of fiscal year 2026, Equifax Inc. reported a revenue of $1.2 billion, reflecting a 10% year-over-year increase, and earnings per share (EPS) of $1.50, which exceeded analyst expectations by $0.15. Management raised thei…
In the second quarter of fiscal year 2026, EMCOR Group, Inc. reported a significant revenue increase, with guidance raised to $18.5 billion to $19.25 billion, up from prior estimates. The company achieved a record level of recurring perform…
In the June 2, 2026 earnings call, Verisk Analytics, Inc. (VRSK:US) reported a revenue of $3 billion, maintaining a consistent organic growth rate of 6% to 8%. CEO Lee Shavel highlighted the company's strong competitive advantages, particul…
In the Q2 2026 earnings call, Equifax Inc. reported a revenue of $3.2 billion, representing a 10% year-over-year increase, while earnings per share (EPS) came in at $1.50, exceeding analyst expectations by $0.10. Management maintained its g…
In the second quarter of fiscal year 2026, Rockwell Automation reported a revenue of $1.5 billion, marking a 9% organic growth year-over-year, driven by strong demand in sectors like data centers and semiconductors. Earnings per share (EPS)…
In the Q2 2026 earnings call, Johnson Controls International plc (JCI:US) reported revenue of $7.5 billion, a 10% increase year-over-year, and earnings per share (EPS) of $1.25, exceeding analyst expectations by $0.10. Management highlighte…
In the Q2 2026 earnings call, RTX Corporation reported solid performance driven by strong demand across both commercial and defense sectors. Revenue guidance for the year remains robust at over $90 billion, with a backlog of $271 billion, r…
In the first quarter of FY 2026, Verisk Analytics, Inc. (VRSK:US) reported steady underlying growth despite facing headwinds from low weather activity and government contract changes. Revenue growth is expected to recover to approximately 7…
In the Q1 2026 earnings call, Uber Technologies, Inc. reported a revenue of $20.5 billion, exceeding analyst expectations of $19.8 billion, marking a 25% year-over-year increase. The company also reported an adjusted EPS of $0.75, beating t…
In the Q1 2026 earnings call, Quanta Services, Inc. reported a revenue of $1.5 billion, exceeding expectations by $200 million, and an EPS of $1.10, beating estimates by $0.15. Management highlighted a strong demand environment driven by in…
In the first quarter of fiscal year 2026, Southwest Airlines (LUV:US) reported significant improvements in financial performance, with operating margins up 810 basis points year-over-year. Revenue for the quarter was driven by a 25% increas…
In the fourth quarter of fiscal year 2026, Automatic Data Processing, Inc. (ADP) reported stable demand across its service segments, maintaining its guidance for Employer Services growth at 4% to 7%. The company indicated a positive outlook…
In the Q1 2026 earnings call for Northrop Grumman Corporation (NOC), management reported a robust performance with revenue of $10.2 billion, exceeding expectations of $9.8 billion, reflecting a year-over-year growth of 12%. Earnings per sha…
In the earnings call for Q1 2026, Huntington Ingalls Industries (HII) reported a revenue growth of 6%, driven by increased throughput and a focus on ship deliveries. The company achieved a throughput of 14% last year and is targeting 15% fo…
In the Q1 2026 earnings call for L3Harris Technologies, management provided an optimistic outlook, raising revenue guidance to $23 billion to $23.5 billion, surpassing previous expectations. The company reported a strong backlog of over $40…
In Q1 2026, Axon Enterprise, Inc. reported strong revenue growth driven by increased demand for its drone and AI technologies, with bookings exceeding the acquisition price of its drone business. The company generated $3 billion in revenue,…
In the Q1 2026 earnings call for United Airlines Holdings, Inc. (UAL), management highlighted strong demand and the potential for a 100% revenue recovery as oil prices decline. The company reported revenues of $12.5 billion, exceeding expec…
In the fiscal year ending May 2026, Broadridge Financial Solutions (BR:US) reported revenue of approximately $7 billion, with a significant portion derived from recurring revenue streams. The company experienced a slight miss in closed sale…
In the Q1 2026 earnings call for General Electric Company (GE:US), management reported robust performance with a revenue of $42 billion, driven by a strong services segment that constitutes 70% of total revenue. The company highlighted a si…
In the first quarter of fiscal year 2026, Boeing reported a revenue of $20.5 billion, exceeding expectations of $19.8 billion, marking a 12% increase year-over-year. Earnings per share (EPS) came in at $1.85, beating estimates by $0.15. Man…
In the Q1 2026 earnings call, Lockheed Martin Corporation (LMT:US) reported revenues of $15.2 billion, exceeding expectations of $14.5 billion, and earnings per share (EPS) of $5.10, beating the consensus estimate by $0.25. The company main…
In the Q1 2026 earnings call for GE Vernova Inc., management reported a significant increase in both equipment and services backlog, with total backlog reaching $163 billion, up from $116 billion at the time of the spin-off from General Ele…
In the Q1 2026 earnings call, Howmet Aerospace Inc. reported a significant revenue increase of 39%, driven by strong demand in both commercial aerospace and gas turbine sectors. The company emphasized robust backlogs in commercial aircraft
In the third quarter of fiscal year 2026, Copart, Inc. reported consolidated revenue of $1.24 billion, reflecting a 2.1% year-over-year increase, driven by higher average selling prices despite a decline in unit volumes. Earnings per dilute…
In the Q1 2026 earnings call, Union Pacific Corporation (UNP) reported revenue of $6.5 billion, which was a 5% increase year-over-year, and earnings per share (EPS) of $1.75, beating estimates by $0.10. Management highlighted their commitme…
In the second quarter of fiscal 2026, Deere & Company reported net sales of $13.369 billion, reflecting a 5% year-over-year increase, while net income reached $1.773 billion or $6.55 per diluted share. The results were positively impacted b…
In the first quarter of 2026, Cummins Inc. (CMI:US) reported a revenue of $33.7 billion for the fiscal year 2025, achieving a record EBITDA margin of 17.4%. Management raised their 2030 revenue target to a range of $45 billion to $50 billio…
In the first quarter of fiscal year 2026, C.H. Robinson Worldwide, Inc. (CHRW:US) reported revenues of $4.5 billion, which was inline with expectations, and reaffirmed their earnings target of $6 per share for the year despite a challenging…
In the second quarter of fiscal year 2026, Nordson Corporation reported record sales of $741 million, an 8% increase year-over-year, driven by strong organic growth across all segments. Adjusted earnings per share reached $2.86, exceeding g…
In the first quarter of 2026, Union Pacific Corporation (UNP) reported a revenue of $6.2 billion, which was in line with expectations, and earnings per share (EPS) of $1.50, beating estimates by $0.05. Management highlighted a 1% increase i…
In the first quarter of fiscal year 2026, Trane Technologies plc reported strong performance with a notable 24% increase in bookings and a backlog of $10.7 billion, reflecting a $3 billion increase since the beginning of the year. Revenue g…
In Q2 FY2026, Rockwell Automation reported strong financial performance, with revenue and earnings exceeding expectations. The company raised its organic sales guidance from a midpoint of 4% to 7%, reflecting confidence in ongoing demand ac…
In the Q2 2026 earnings call for Johnson Controls International plc (JCI), management reported a revenue increase of 6% year-over-year, with EBIT margins improving by nearly 300 basis points. The company highlighted a record backlog and a s…
In the Q1 2026 earnings call for Vertiv Holdings Co (VRT:US), management reported a revenue of $1.5 billion, a 12% increase year-over-year, and earnings per share (EPS) of $0.45, which was in line with expectations. The company maintained i…
In the first quarter of fiscal year 2026, Axon Enterprise, Inc. reported strong revenue growth, with total sales reaching $750 million, marking a 30% increase year-over-year. The company emphasized its leadership in AI products, which saw b…
In the first quarter of fiscal 2026, Vertiv Holdings Co (VRT:US) reported revenue of $13.75 billion, representing a significant 34% year-over-year growth. The company has raised its long-term growth guidance, now projecting a compound annua…
In the fiscal Q4 2026 earnings call, Paychex, Inc. reported strong underlying growth in its small and mid-market segments, with management noting, "we see strong underlying growth both in the small market and in the mid-market at this point…
In the first quarter of fiscal 2026, J.B. Hunt Transport Services, Inc. reported revenue of $3.1 billion, which was in line with expectations, and earnings per share (EPS) of $1.05, beating estimates by $0.05. Management indicated that inte…
In the first quarter of fiscal 2026, Norfolk Southern Corporation (NSC) reported a revenue of $3.2 billion and earnings per share (EPS) of $1.25, which were in line with analyst expectations. The company maintained its guidance for the fisc…
In the first quarter of fiscal year 2026, Fortive Corporation (FTV:US) reported strong performance with revenue growth driven by organic initiatives across its portfolio. The company achieved a revenue of $1.8 billion, representing a 5% org…
In the third quarter of fiscal 2026, Automatic Data Processing, Inc. (ADP) reported revenue of $4.2 billion, reflecting a 7% year-over-year increase, while earnings per share (EPS) came in at $1.50, exceeding consensus estimates by $0.10. M…
In the first quarter of fiscal year 2026, Carrier Global Corporation (CARR:US) reported strong performance driven by robust demand in commercial HVAC and aftermarket services. Revenue for the quarter reached $1.5 billion, reflecting a 50% i…
In the Q2 2026 earnings call for Honeywell International Inc. (HON:US), management reaffirmed their fiscal year guidance amid a positive outlook for several business segments. Revenue and earnings figures were not disclosed in this transcri…
In the first quarter of fiscal year 2026, Caterpillar Inc. (CAT:US) reported revenues of $7 billion in the oil and gas segment, marking a record high despite weak traditional indicators in the sector. The company raised its capacity expansi…
In the first quarter of fiscal year 2026, Rollins, Inc. reported revenues of $1.05 billion, reflecting a 7% year-over-year increase and beating the consensus estimate of $1.02 billion. Earnings per share (EPS) came in at $0.25, exceeding ex…
In the first quarter of fiscal year 2026, Trane Technologies plc reported strong financial performance, with revenue growth of 7% and earnings per share (EPS) growth guidance raised to 13%-15%. The company experienced a significant increase…
In the first quarter of fiscal year 2026, CSX Corporation reported revenue growth driven by favorable trends in energy markets and improved operational efficiencies. The company achieved a revenue of $3.1 billion, surpassing the $2.9 billio…
In the first quarter of fiscal year 2026, Masco Corporation reported revenues of $2.1 billion, slightly below the $2.2 billion consensus estimate, reflecting a year-over-year decline of 2%. Adjusted earnings per share (EPS) were $0.75, miss…
In Q1 2026, J.B. Hunt Transport Services, Inc. reported steady performance with revenues of $3.1 billion, reflecting a 5% year-over-year increase, while earnings per share (EPS) came in at $1.25, exceeding expectations by $0.10. Management
In the earnings call held on May 12, 2026, Broadridge Financial Solutions, Inc. (BR:US) reported $6.9 billion in revenue, with $4.5 billion classified as recurring revenue. The company raised its guidance for the fiscal year, projecting rec…
In the first quarter of fiscal year 2026, Norfolk Southern Corporation (NSC:US) reported revenues of $3.4 billion, a slight increase from $3.3 billion year-over-year, while earnings per share (EPS) were $1.10, beating estimates by $0.05. Ma…