Solvay first quarter 2025 results

Solvay reported Q2 2026 results. Underlying net sales were €1,031 million, down 7.4% organically, and underlying EBITDA was €187 million (18.1% margin), down 19.5% organically, citing weak soda ash pricing and Middle East disruption. Underlying net profit from continuing operations was €64 million. Full-year 2026 guidance was confirmed: EBITDA €770–€850 million and free cash flow at least €200 million. Solvay approved €15–20 million rare-earth capacity investments at La Rochelle.

Goldman Sachs (GS) board reportedly discussed a succession plan where CEO David Solomon may step down by 2027 or 2028, with President John Waldron taking over. Solomon would become executive chairman for 1-2 years. The company shares have risen over 308% since Solomon's tenure began in 2018. Goldman Sachs stock closed at $916.28 on Monday, down 2.05%.

Mondelēz International (MDLZ) launched Toblerone Diamond Truffles with Biscoff globally, expanding its partnership with Lotus Bakeries. The move aligns with its strategy of premiumization and cross-brand innovation. Q2 2026 showed 4.1% net revenue growth and 42.6% gross margins, but also 2.7% decline in adjusted operating income due to cost pressures.

Royal Caribbean Cruises (RCL) has been upgraded by Bank of America and Deutsche Bank, citing a recent pullback and a Sandals Resorts partnership. The stock is down 13% in the past month and 24% in the past quarter, but has a 3-year total shareholder return of over 100%. Analysts estimate a fair value of $346.92, suggesting undervaluation. Revenue growth is expected from enhanced guest experiences and loyalty programs, but risks include consumer travel budgets and fuel costs.

Alstom (ENXTPA:ALO) and Northrail agreed on a framework for up to 100 locomotives worth up to €700 million, including maintenance. The deal combines manufacturing and recurring service revenue, fitting Alstom's strategy. Analysts project €22.4b revenue and €877.3m earnings by 2029, with potential upside. Risks include project delivery and supply chain issues.

BNP Paribas upgraded AT&T (T) to Outperform, raising its price target to $30. The firm cited a more rational U.S. wireless market and expected ARPU growth, which could boost revenue, EBITDA, and free cash flow. AT&T reported Q2 2026 revenues of $31.6B, EBITDA of $12.3B, and free cash flow of $4.7B, with plans to return $45B to shareholders by 2028. Concerns include high debt and legacy service declines.