Vertiv Holdings Co ( VRT ) shares are trading lower after the company reported third-quarter results. Net sales rose 19% year-over-year to $2.074 billion, beating the consensus of $1.977 billion. Organic orders (excluding foreign exchange) rose 17%. Adjusted operating profit surged 41% to $417 million, with the margin expanding 310 basis points to 20.1%, driven by higher volumes and favorable commercial execution. Adjusted EPS stood at $0.76, beating the consensus of $0.69. Operating cash flow...

Oct 23 (Reuters) - Avery Dennison raised the lower end of its full-year adjusted earnings forecast on Wednesday as demand remained strong for the company's labeling products. The Ohio-based firm, which has about 35,000 employees in more than 50 countries, makes packaging and labeling products such as radio frequency tags. In July, the company flagged it was seeing an uptick...

08:34 AM EDT, 10/23/2024 (MT Newswires) -- GE Aerospace (GE) and Lilium (LILM) said Wednesday they are teaming up to build a safety foundation for electric vertical take-off and landing aircraft. The partnership, which will support Lilium's flight test campaign, will see Lilium's Fleet Optimizer platform sharing its insights with GE's Event Measurement System platform to inform eVTOL flight safety...

STOCKHOLM, Oct 23 (Reuters) - Swedish battery maker Northvolt has reached an agreement that gives the cash-strapped company access to a small amount of money while talks on a bigger financing package continues, business daily DI reported on Wednesday, citing unnamed sources. Northvolt did not immediately respond to a request for comment. ...