CACI Q1 FY2027 Earnings: $2.47B Revenue, a 2.0x Book-to-Bill, and Debt-Funded Growth
CACI Q1 FY2027: revenue rose 8.2% to $2.47B on a 2.0x book-to-bill, but only 2.1% was organic and a 59% jump in interest held net income growth to 4.5%.
#mergers-and-acquisitions
Mergers and Acquisitions
Accounting guidance for business acquisitions, goodwill, purchase price allocation, and deal structuring
Direct Listings vs. Reverse Mergers vs. Traditional IPOs: Three Ways to Go Public
A traditional IPO raises $100M+ but costs 5-7% in fees; direct listings and reverse mergers are faster and cheaper but raise no capital.
Iridium Q3 2026 Earnings: $106.9M Net Income Built on a $103.9M Paper Gain
Iridium Q3 2026 net income rose 188% to $106.9M, but $103.9M was a non-cash Aireon gain; operating income fell 55% ahead of the Rocket Lab close.
Norfolk Southern Q3 2026 Earnings: Record $3.53B Revenue, 67.4% Operating Ratio
Norfolk Southern Q3 2026 revenue hit a record $3.53B (+14%), EPS rose 7% to $3.37, and the operating ratio worsened 280 bps to 67.4% as merger costs mounted.
Comcast Q3 2026 Earnings: Peacock's $261M Profit Meets Broadband's 144,000 Losses
Comcast Q3 2026 revenue fell 6.1% to $29.3B on the Versant spin but rose 0.5% pro forma; Peacock earned $261M EBITDA as broadband lost 144,000 customers.
Danaher Q3 2026 Earnings: The $6.6B Quarter That Masimo Built
Danaher Q3 2026 revenue rose 8.3% to $6.55B, mostly on Masimo; $291M of tax benefits lifted net income 36%, just 4% without them. EPS guide: $8.57–$8.62.
Honeywell Q3 2026 Earnings: $5.0B Sales and a 640bp Margin Jump After the Breakup
Honeywell's first post-breakup quarter: Q3 2026 sales of $5.0B grew 7% organically, operating margin jumped 640bp to 14.8% and adjusted EPS rose 34%.
Market Cap vs. Enterprise Value: Why Share Price Times Shares Outstanding Misses Debt and Cash
Enterprise value adds debt and subtracts cash from market cap, giving the theoretical takeover price buyers actually negotiate from.
Moody's Q3 2026 Earnings: The $4.24 Quarter Built on a $115M Divestiture Gain
Moody's Q3 2026 revenue rose 1% to $2.02B while diluted EPS jumped 18% to $4.24 — a $115M divestiture gain and buybacks did the work; adjusted EPS grew 6%.
Quest Diagnostics Q3 2026 Earnings: The $3.1B Quarter Where Volume Did All the Work
Quest Diagnostics Q3 2026 revenue rose 10% to $3.10B on 14.5% more requisitions while revenue per requisition fell 4.2%; diluted EPS jumped 28.7% to $2.78.
Johnson & Johnson Q3 2026 Earnings: $0.09 EPS on $25.4B Sales as a $5.5B Talc Charge Meets a Guidance Raise
J&J Q3 2026: $25.4B sales (+5.9%) but $0.09 EPS after a $5.5B talc charge; adjusted EPS $2.59 as guidance rises to $101.2B.
Lithia Q3 2026 Earnings: $13.22 EPS Built on Buybacks, Not Operations
Lithia's Q3 2026 EPS jumped 54% to $13.22 while operating income fell 0.3% and adjusted net income 5%: buybacks and an $88.8M Pinewood gain did the work.