Cleveland-Cliffs Q3 2026 Earnings: $165M Profit, $612M EBITDA and a $4B 2027 Guide
Cleveland-Cliffs swung to a $165M Q3 2026 profit as steel prices rose 14%; adjusted EBITDA of $612M beat guidance and 2027 is guided above $4B.
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Manufacturing
Manufacturing cost accounting, production, and operations
Crown Holdings Q3 2026 Earnings: Sales Up 16%, Gross Profit Flat at $724M
Crown Holdings earned $225M on $3.71B of Q3 2026 sales (+16%), but $405M of the gain was aluminum pass-through and gross profit stayed flat at $724M.
Dover FY2026 Q3 Earnings: $2.50 EPS (+14%) as Bookings Beat Shipments in All Five Segments
Dover earned $2.50/share in Q3 2026 (+14%) on $2.23B revenue as bookings hit $2.31B across all five segments, building the 2027 backlog.
Hexcel Q3 2026 Earnings: EPS Up 92% on 21% Aerospace Growth, Buyback Lifted to $750M
Hexcel Q3 2026 sales rose 8.8% to $496.4M and EPS jumped 92% to $0.50 on 21% aerospace growth; the board lifted its buyback authorization to $750M.
Purchase Price Variance, Explained: The Formula That Tells You Whether Procurement Beat the Budget
Purchase price variance is (actual price minus standard price) times quantity purchased: positive means you overpaid, negative means you beat the budget.
Steel Dynamics Q3 2026 Earnings: EPS Up 92% to $5.26 on Record Steel Shipments
Steel Dynamics earned $756M in Q3 2026 as EPS rose 92% to $5.26; a $110-a-ton spread gain on record 3.8M tons drove it, helped by import trade actions.
Winnebago Q4 FY2026 Earnings: Sales Down 17%, $142.5M Cash Flow Cuts Leverage
Winnebago Q4 FY2026 revenue fell 17% to $645.1M, yet $142.5M of operating cash flow cut net leverage from 3.0x to 2.2x and funded a 3% dividend raise.
Dow Q3 2026 Earnings: A 14% Pricing Quarter With a Volume Problem
Dow Q3 2026 sales rose 13% to $11.3B on a 14% price gain while volume fell 1%; operating EPS swung to $0.71 and free cash flow doubled to $1.13B.
Joint Costs and the Split-Off Point, Explained: How Makers Allocate Shared Production Costs
Joint costs split at the split-off point by physical units, sales value, or NRV — but sell-or-process-further decisions must use incremental dollars only.
3M FY2026 Q3 Earnings: $2.63 EPS (+70%) on a $281M Solventum Gain — While Operating Cash Fell 72%
3M earned $2.63/share in Q3 2026 (+70%) on a $281M Solventum gain, while operating cash fell 72% to $486M on $1B of settlement payments.
Bill of Materials (BOM), Explained: Single-Level vs. Multilevel BOMs, Engineering vs. Manufacturing BOMs, and How an Accurate BOM Drives Costing, Purchasing, and Inventory Control
Your BOM sets your product cost, purchasing plan, and inventory relief — a stale one silently eats margin. Single-level vs. multilevel, EBOM vs. MBOM.
GE Aerospace Q3 2026: $19B of Orders Against $2B of Cash
GE Aerospace booked $19B in Q3 orders (+49%) while free cash flow fell 14% — the $212B backlog vs. the cash conversion question.