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Switch 2 Focus and Major Game Reveals Expected

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Nintendo Switch 2 Price

NEW YORK — Nintendo will hold its first general Nintendo Direct presentation of 2026 on Tuesday, June 9, offering roughly 50 minutes of updates focused on games scheduled for the second half of the year across both the original Nintendo Switch and the newly launched Switch 2 console.

The event, set to begin at 7 a.m. PT (10 a.m. ET / 3 p.m. UK / 4 p.m. Europe), will be followed immediately by a 95-minute Nintendo Treehouse: Live segment featuring gameplay demonstrations and developer insights. The presentation will be streamed live on Nintendo’s official YouTube channel and other platforms, giving fans worldwide an opportunity to watch in real time.

Nintendo Switch 2 Price
Nintendo Switch 2 Price

This marks the first broad Nintendo Direct since September of the previous year, following a February Partner Showcase and several game-specific presentations. The timing aligns with Nintendo’s traditional mid-year update cadence, providing a platform to showcase upcoming titles during a critical period for both existing Switch owners and early Switch 2 adopters.

Industry observers expect the presentation to highlight a mix of first-party Nintendo franchises and third-party support for the Switch 2. Rumors have circulated about potential announcements for “Fire Emblem: Fortune’s Weave,” with fans hoping for a release window or gameplay footage. Speculation also persists around a possible remake of the classic “The Legend of Zelda: Ocarina of Time,” though Nintendo has not confirmed any specific titles.

The Switch 2, launched earlier in 2026, has generated significant excitement with its enhanced hardware capabilities while maintaining backward compatibility with the original Switch library. Nintendo’s strategy appears aimed at bridging the two systems during the transition period, ensuring a strong software pipeline that appeals to both audiences.

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Nintendo has built a reputation for carefully curated Direct presentations that balance surprise reveals with meaningful updates. Previous events have introduced major titles, release dates and gameplay mechanics that drive pre-order activity and long-term engagement. This June edition is expected to follow that pattern, focusing on software support through the holiday season and into 2027.

For the original Switch, which continues to sell well years after launch, the Direct could provide clarity on remaining first-party support and third-party ports. The hybrid console’s enduring popularity has been a cornerstone of Nintendo’s business model, blending handheld and home console experiences in a way that resonates with families and casual gamers.

The Switch 2, meanwhile, represents Nintendo’s next step in hardware evolution. Early reviews have praised its improved performance, screen quality and Joy-Con enhancements. Strong software support will be essential for the new system to achieve the commercial success of its predecessor, making this Direct a key moment in its lifecycle.

Nintendo’s approach to software reveals has historically created significant buzz. The company often saves major announcements for these events, generating headlines and social media conversation that extend well beyond the live stream. Fans and analysts will be watching closely for any indication of new entries in flagship series such as Mario, Zelda, Pokémon or Splatoon.

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The Treehouse: Live segment following the main presentation typically offers deeper dives into announced games, with developers demonstrating gameplay and answering questions. This extended format allows for more detailed insights and has become a valued part of Nintendo’s communication strategy with its community.

Beyond specific game announcements, the Direct may touch on broader ecosystem updates, including online services, Nintendo Switch Online features and potential hardware accessories for the Switch 2. Nintendo has increasingly emphasized the importance of its online infrastructure and subscription services as recurring revenue streams.

The event arrives at a pivotal time for the gaming industry. With competition intensifying from Microsoft, Sony and mobile platforms, Nintendo’s ability to deliver compelling exclusive experiences remains a key differentiator. The company’s focus on fun, accessible gameplay has cultivated a loyal audience that spans generations.

Analysts expect the Direct to influence short-term stock movements for Nintendo and related companies, as software announcements often drive console sales and third-party developer interest. The presentation’s impact could extend into the holiday shopping season, when consumer spending on gaming hardware and software typically peaks.

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For fans unable to watch live, Nintendo typically uploads the full presentation to its YouTube channel shortly after it concludes, along with additional footage and press materials. Coverage from gaming media outlets will provide analysis, trailers and release date confirmations in the hours and days following the event.

Nintendo has maintained a disciplined approach to its release schedule, avoiding over-promising while delivering high-quality experiences. This Direct will likely reinforce that strategy, offering a balanced slate of titles designed to appeal to different segments of its audience.

As anticipation builds ahead of Tuesday’s presentation, the gaming community is abuzz with speculation and excitement. Whether revealing long-awaited sequels, surprise remakes or entirely new intellectual properties, Nintendo Direct events have a proven track record of delivering memorable moments that define the year ahead in gaming.

The June 9 Direct represents more than just a software showcase — it is a statement of Nintendo’s vision for the future of its hardware platforms and the experiences it aims to deliver. With both the original Switch and Switch 2 in active phases, the company has a unique opportunity to bridge generations of players while introducing fresh innovations.

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Fans and industry watchers alike will tune in to see how Nintendo plans to maintain its position as one of gaming’s most beloved and innovative companies. The presentation is certain to generate extensive discussion and set the tone for Nintendo’s second half of 2026.

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5 Players Lakers Should Target to Build Title Contender Around Luka Doncic in 2027

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Luka Doncic
Luka Doncic
5 Players Lakers Should Target to Build Title Contender Around Luka Doncic in 2027

NEW YORK — With Luka Doncic now leading the Los Angeles Lakers following his blockbuster acquisition, the franchise enters the 2026-27 offseason with a clear mandate: surround the Slovenian superstar with complementary talent capable of delivering an NBA championship in 2027.

Doncic, one of the league’s most dominant offensive forces, thrives in a system that emphasizes spacing, secondary creation and elite defense. The Lakers, already possessing a strong core, must prioritize roster upgrades that address defensive shortcomings, add shooting and provide physicality without disrupting Doncic’s playmaking rhythm. Here are five realistic targets the Lakers should pursue to construct a legitimate title contender around their new franchise cornerstone.

1. A Defensive Anchor Like Rudy Gobert or a Similar Rim Protector

The Lakers need a dependable big man who can anchor the paint and alleviate defensive pressure on Doncic. Rudy Gobert, the three-time Defensive Player of the Year, remains the gold standard. His elite rim protection and rebounding would allow Doncic to focus on orchestrating the offense rather than constantly helping on drives. Gobert’s screening and rolling ability also complement Doncic’s passing vision, creating easy scoring opportunities in the pick-and-roll.

Even if Gobert proves unattainable due to salary or trade complications, alternatives like Walker Kessler or a versatile frontcourt piece could fill the role. Adding such a defender would address the Lakers’ vulnerability in the paint and improve overall team defense, a critical factor in championship contention.

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2. A Sharpshooting Wing Such as Klay Thompson or a Comparable Veteran

Spacing is essential for Doncic’s gravity to work effectively. A proven three-point shooter like Klay Thompson would provide floor spacing and off-ball movement that forces defenses to account for multiple threats. Thompson’s championship pedigree and ability to thrive as a secondary option make him an ideal fit alongside a primary creator like Doncic.

Younger wings with shooting ability, such as a rising talent with size and defensive versatility, could also serve this role long-term. The Lakers must prioritize players who can knock down open threes created by Doncic’s drives and passes, stretching the floor and opening driving lanes.

3. A Secondary Playmaker and Scorer Like Tyrese Haliburton or a Similar Guard

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While Doncic excels as the primary ball-handler, a reliable secondary creator would reduce his workload and improve ball movement. Tyrese Haliburton’s elite passing and shooting would form a devastating backcourt tandem with Doncic, creating mismatches and pace advantages.

A guard with size, defensive ability and playmaking instincts would allow the Lakers to deploy lineups that keep defenses guessing. This addition would enhance offensive versatility and provide insurance during Doncic’s rest periods or against teams that load up to stop him.

4. A Veteran Leader and Champion Like Draymond Green or a Similar High-IQ Forward

Championship teams require vocal leaders who understand winning culture. A veteran like Draymond Green, known for his defensive intensity and basketball IQ, would provide the intangibles necessary for a title run. Green’s ability to communicate on defense and set screens would elevate the team’s collective performance.

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Even if Green is not available, a similar high-character veteran with playoff experience could mentor younger players and stabilize the locker room. Such a player would help translate Doncic’s individual brilliance into team success during the grind of a long season and deep playoff run.

5. A High-Upside Athletic Wing Like Mikal Bridges or a Comparable Two-Way Talent

Athleticism and two-way versatility would complement Doncic’s game by providing perimeter defense and secondary scoring. Mikal Bridges’ ability to guard multiple positions while knocking down threes would address defensive gaps and add scoring punch without demanding heavy usage.

A younger wing with similar traits could develop into a long-term co-star. This type of player would allow the Lakers to switch defensively across the board and create transition opportunities that maximize Doncic’s court vision.

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The Lakers possess significant assets and cap flexibility to pursue these targets through free agency, trades or the draft. Building around Doncic requires balancing immediate contention with long-term sustainability. The franchise’s recent moves signal a commitment to winning now, making this offseason critical for constructing a roster capable of competing against the league’s elite.

Doncic’s arrival has transformed the Lakers’ outlook. His elite scoring, passing and basketball IQ provide a foundation few teams can match. However, championship success requires supporting talent that maximizes his strengths while covering weaknesses. The five players outlined above represent a blueprint for constructing a well-rounded contender.

Management must act decisively. The window for a player of Doncic’s caliber is finite, and the Lakers must capitalize on his prime years. Strategic acquisitions that enhance spacing, defense and secondary creation will be essential to elevating the team from contender to champion.

The broader NBA landscape features several superteams and rising challengers. The Lakers’ ability to surround Doncic with complementary pieces will determine whether they can break through in a competitive Western Conference. With the right supporting cast, a championship in 2027 is a realistic goal.

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Doncic has already expressed excitement about his new environment and the opportunity to chase titles. His leadership and work ethic will set the tone, but roster construction remains the decisive factor. The upcoming offseason will test the Lakers’ front office as they aim to build a champion around one of the game’s most gifted players.

As free agency and trade discussions heat up, all eyes will be on Los Angeles. The basketball world is eager to see how the Lakers shape their roster around Luka Doncic. With the right moves, 2027 could mark the beginning of a new dynasty in purple and gold.

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Yahoo Mail Down for Hundreds of Users on June 8, Sparking Widespread Frustration

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Yahoo will re-emerge as a separate company as part of the deal selling the former internet pioneer to a private equity firm

NEW YORK — Yahoo Mail experienced widespread outages on Monday, leaving hundreds of users unable to access their accounts, send or receive messages, or view inboxes, according to multiple outage tracking services and customer reports.

The disruption, first noted in the early afternoon, affected login attempts, mobile app functionality and web access for many users across the United States and internationally. The @status_is_down account on X reported that “Yahoo Mail is reportedly down for hundreds of users right now,” linking to community discussions and prompting numerous confirmations from affected individuals.

DownDetector and other monitoring sites showed a sharp spike in reports, with the majority citing problems logging in, error messages, blank inboxes or complete service unavailability. Some users reported being able to log in intermittently only to encounter loading issues or failed message delivery.

Customer complaints highlighted the inconvenience during a busy workday. Many described being locked out of essential email services for work, personal communication and account verifications. The outage appeared to impact both free and paid Yahoo Mail accounts, with some users noting similar issues with associated Yahoo services.

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Yahoo has not yet issued an official statement on the cause or expected resolution time. In past outages, the company has typically communicated through its status page, social media channels or in-app notifications once the issue is identified. Users are advised to check Yahoo’s official status page or support accounts for updates as the situation develops.

This marks another notable service disruption for Yahoo in 2026. The email provider, once a dominant force in online communication, has faced increased scrutiny as users rely more heavily on digital services for everyday tasks. Outages like Monday’s can cause significant inconvenience and, in some cases, professional or financial impacts for users who miss time-sensitive communications.

The timing coincided with typical midday email activity, amplifying frustration among customers who expected reliable access. Social media platforms filled with reports from affected users, many expressing annoyance at the lack of immediate communication from Yahoo.

Yahoo Mail serves millions of users worldwide and remains a popular email platform despite competition from Gmail and Outlook. The service’s reliability is critical for users who depend on it for personal, professional and financial correspondence. Disruptions like this highlight the challenges of maintaining global email infrastructure at massive scale.

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For customers impacted, recommended steps include trying alternative access methods such as the mobile app versus website, clearing cache and cookies, or using different devices. In cases of prolonged outage, contacting Yahoo support via alternative channels may provide more direct assistance, though response times can vary during widespread incidents.

The incident underscores the growing dependence on digital communication services and the importance of backup email accounts or contingency plans for temporary service interruptions, particularly for time-sensitive matters.

Yahoo has a history of addressing service issues promptly once identified, often with apologies and explanations posted on its status page. Monday’s event may prompt internal reviews to strengthen resilience and communication protocols during outages.

Broader context includes increasing scrutiny on major technology companies’ digital infrastructure reliability. As more services shift toward always-online models, users expect high uptime and transparent communication when problems arise.

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Monday’s disruption serves as a practical reminder for all Yahoo Mail users to maintain backup email accounts and avoid relying solely on one provider for critical communications. While the service’s core functionality remains strong, occasional outages illustrate the vulnerabilities inherent in cloud-based systems.

Affected users are encouraged to document any significant impacts, such as missed opportunities or professional disruptions resulting from the outage, in case compensation or adjustments become available. Yahoo has occasionally offered goodwill gestures following notable service interruptions.

As the situation develops, users should continue monitoring official channels for updates. Alternative email services or webmail access may provide temporary relief for those with urgent needs.

The outage also sparked conversations about email redundancy and the importance of having contingency plans for popular online services. Many users maintain multiple email accounts across different providers to mitigate risks from single-point failures in services like Yahoo Mail.

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Yahoo, owned by Apollo Global Management, continues investing in infrastructure, cybersecurity and user experience enhancements to minimize future disruptions. Monday’s event may accelerate efforts to improve service stability and scalability as user expectations evolve.

For now, users are urged to remain patient while technical teams work toward full restoration. The company’s long history of serving email customers suggests a swift resolution is likely, though no specific timeline has been provided.

The incident adds to a growing list of major email and communication service outages in 2026, underscoring the challenges of maintaining 24/7 availability at massive scale. As digital communication becomes increasingly essential, reliability and transparent communication during incidents remain critical for maintaining user trust.

Users experiencing issues are encouraged to try accessing Yahoo Mail periodically, as partial restorations often occur before full recovery is announced. In the meantime, documenting experiences can help if formal complaints or compensation requests become necessary.

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Monday’s outage serves as a timely reminder for all online service users to maintain awareness of backup options and to avoid relying solely on one platform for critical communications. As the situation evolves, updates from Yahoo and user reports will provide further clarity on the scope and resolution of the disruption.

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Tango Therapeutics, Inc. (TNGX) Discusses Promising Clinical Results for Vopimetostat and Pan-RAS Inhibitor Combination in MTAP-Deleted Pancreatic Cancer – Slideshow

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Tango Therapeutics, Inc. (TNGX) Discusses Promising Clinical Results for Vopimetostat and Pan-RAS Inhibitor Combination in MTAP-Deleted Pancreatic Cancer – Slideshow

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Shell: Shrinking Reserves, Lackluster Growth, And An Overpriced Stock (NYSE:SHEL)

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Shell: Shrinking Reserves, Lackluster Growth, And An Overpriced Stock (NYSE:SHEL)

This article was written by

Investing wisely does not have to be rocket science. It is about discipline and running the numbers. You don’t have to be like a grandmaster chess player playing the game twenty moves ahead of your opponent, you just need to understand how the pieces work.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Why is Zevra Therapeutics stock surging today?

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Why is Zevra Therapeutics stock surging today?

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QuickBooks Down for Hundreds of Users on June 8, Sparking Business Disruptions

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Tim Cook
Quickbooks
QuickBooks Down for Hundreds of Users on June 8, Sparking Business Disruptions

NEW YORK — Intuit’s popular accounting software QuickBooks experienced widespread outages on Monday, leaving hundreds of small business owners and accountants unable to access accounts, process payments or manage financial records, according to multiple outage tracking services and user reports.

The disruption, first noted in the early afternoon, affected login attempts, dashboard loading and core functions such as invoicing, payroll and tax filing for many users across the United States. The @status_is_down account on X reported that “QuickBooks is reportedly down for hundreds of users at the moment,” linking to community discussions and prompting numerous confirmations from frustrated business owners.

DownDetector and other monitoring sites showed a sharp spike in reports, with the majority citing problems logging in, error messages, blank dashboards or complete service unavailability. Some users reported being able to log in intermittently only to encounter frozen screens or failed transaction processing.

Customer complaints highlighted the significant inconvenience during a busy workday. Many small business owners described being locked out of essential financial tools needed for payroll, invoicing and tax preparation. The outage appeared to impact both QuickBooks Online and desktop versions, with some users noting similar issues with associated Intuit services like TurboTax.

Intuit has not yet issued an official statement on the cause or expected resolution time. In past outages, the company has typically communicated through its status page, social media channels or in-app notifications once the issue is identified. Users are advised to check Intuit’s official status page or QuickBooks support accounts for updates as the situation develops.

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This marks another notable service disruption for Intuit in 2026. QuickBooks serves millions of small businesses and accountants, making its reliability critical for daily operations. Outages like Monday’s can cause significant financial and operational impacts, particularly for users with time-sensitive tasks such as payroll processing or tax filings.

The timing coincided with typical midday business activity, amplifying frustration among users who expected reliable access. Social media platforms filled with reports from affected customers, many expressing annoyance at the lack of immediate communication from Intuit.

QuickBooks is a cornerstone tool for small businesses, offering accounting, payroll, invoicing and tax preparation features. The service’s reliability is essential for users who depend on it for compliance and financial management. Disruptions like this highlight the challenges of maintaining global cloud-based infrastructure at massive scale.

For customers impacted, recommended steps include trying alternative access methods such as the desktop version versus online, clearing cache and cookies, or using different devices. In cases of prolonged outage, contacting Intuit support via phone may provide more direct assistance, though call volumes are often elevated during such events.

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The incident underscores the growing dependence on cloud-based business software and the importance of backup systems or contingency plans for temporary service interruptions, particularly for time-sensitive financial tasks.

Intuit has a history of addressing service issues promptly once identified, often with apologies and explanations posted on its status page. Monday’s event may prompt internal reviews to strengthen resilience and communication protocols during outages.

Broader context includes increasing scrutiny on major technology companies’ digital infrastructure reliability. As more businesses shift toward cloud-based tools, users expect high uptime and transparent communication when problems arise.

Monday’s disruption serves as a practical reminder for all QuickBooks users to maintain backup accounting methods and avoid relying solely on online platforms for critical financial tasks. While the service’s core functionality remains strong, occasional outages illustrate the vulnerabilities inherent in cloud-based systems.

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Affected users are encouraged to document any significant impacts, such as missed deadlines or financial disruptions resulting from the outage, in case compensation or adjustments become available. Intuit has occasionally offered goodwill gestures following notable service interruptions.

As the situation develops, users should continue monitoring official channels for updates. Alternative accounting software or offline modes may provide temporary relief for those with urgent needs.

The outage also sparked conversations about software redundancy and the importance of having contingency plans for popular business tools. Many users maintain multiple accounting platforms or backup records to mitigate risks from single-point failures in services like QuickBooks.

Intuit, a major player in financial software, continues investing in infrastructure, cybersecurity and user experience enhancements to minimize future disruptions. Monday’s event may accelerate efforts to improve service stability and scalability as user expectations evolve.

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For now, users are urged to remain patient while technical teams work toward full restoration. The company’s long history of supporting small businesses suggests a swift resolution is likely, though no specific timeline has been provided.

The incident adds to a growing list of major software service outages in 2026, underscoring the challenges of maintaining 24/7 availability at massive scale. As business operations become increasingly digital, reliability and transparent communication during incidents remain critical for maintaining customer trust.

Users experiencing issues are encouraged to try accessing QuickBooks periodically, as partial restorations often occur before full recovery is announced. In the meantime, documenting experiences can help if formal complaints or compensation requests become necessary.

Monday’s outage serves as a timely reminder for all cloud software users to maintain awareness of backup options and to avoid relying solely on one platform for critical business functions. As the situation evolves, updates from Intuit and user reports will provide further clarity on the scope and resolution of the disruption.

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NY Fed survey shows consumer pessimism hits worst level since 2022

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NY Fed survey shows consumer pessimism hits worst level since 2022

Americans are increasingly reaching a breaking point regarding their household finances.

Despite hopes for a soft landing after years of elevated inflation, consumer pessimism has reached some of its worst levels in years, according to the Federal Reserve Bank of New York’s monthly Survey of Consumer Expectations released Monday.

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The percentage of U.S. households that reported being “much worse off” financially than a year ago rose to 13.3% in May, up more than 2 percentage points from April and the highest reading since July 2022.

Additionally, 36% of Americans expect their financial situations to deteriorate further over the coming year, while fewer than 23% expect improvement, resulting in the lowest net optimism since October 2022.

TOP CEOs BRACE FOR DOWNTURN, WARN U.S. ECONOMY WILL WORSEN IN NEXT 6 MONTHS

While overall inflation expectations remained largely unchanged, respondents expected higher costs ahead, including a 5.8% increase in food prices and a 7.4% rise in rent over the next year.

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Woman holds empty wallet over shopping cart

More Americans report being “much worse off” financially, according to the latest Federal Reserve Bank of New York suvery. (Getty Images)

The latest Fed survey aligns with the Federal Reserve’s most recent Beige Book, which summarizes economic conditions across the Fed’s 12 regional districts. Prices “increased at a moderate to strong pace overall, with most Districts reporting higher inflation from the previous report,” according to the Fed’s national summary.

“Districts noted that energy-related costs tied to the conflict in the Middle East were the primary driver of inflationary pressures, with spillovers into shipping, packaging, groceries, and fertilizer,” the report added, with the Cleveland Fed noting increased fuel surcharges.

Consumer concerns were also evident in the labor market, with respondents reporting that their confidence in finding a new job if they lost their current one fell to its lowest level since December 2025. Less than half of workers (43.7%) said they believed they would be able to find a replacement job if laid off.

“Labor market expectations deteriorated somewhat with an increase in layoff expectations and a decline in job finding expectations,” the New York Fed said in its release. 

However, the Bureau of Labor Statistics reported Friday that employers added 172,000 jobs in May, topping economists’ estimates, with unemployment holding steady at 4.3%.

Lindsay Rosner, head of multi-sector fixed income investing at Goldman Sachs Asset Management, called the May jobs report a “Payroll Blowout!” and added: “We’ve gained more and more confidence in the last prints that the Fed doesn’t have to be worried about the labor market. Laser focused on inflation and it will all come down to the duration of this war to determine the Fed’s next move. For now, the move is to not move: HOLD.”

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The consumer report also showed that more than 1 in 8 Americans (12.6%) believe they may miss a minimum debt payment over the next 90 days. The increase was driven “mostly” by respondents with at least a high school education and households earning less than $100,000 annually.

Retired Americans older than 60 and workers earning less than $50,000 annually also reported lower spending-growth expectations.

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FOX Business’ Eric Revell contributed to this report.

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Graham Corporation (GHM) Q4 2026 Earnings Call Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Q4: 2026-06-08 Earnings Summary

EPS of $0.33 beats by $0.03

 | Revenue of $67.08M (13.03% Y/Y) beats by $7.13M

Graham Corporation (GHM) Q4 2026 Earnings Call June 8, 2026 11:00 AM EDT

Company Participants

Tom Cook
Matthew Malone – President, CEO & Director
Christopher Thome – Chief Accounting Officer, VP of Finance, CFO & Corporate Secretary

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Conference Call Participants

Russell Stanley – Beacon Securities Limited, Research Division
Robert Brooks – Northland Capital Markets, Research Division
Christopher Glynn – Oppenheimer & Co. Inc., Research Division
Joseph Gomes – NOBLE Capital Markets, Inc., Research Division
Tate Sullivan – Maxim Group LLC, Research Division

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Presentation

Operator

Good evening and welcome to Graham Corporation Fiscal 4Q ’26 Earnings Call. [Operator Instructions].

It is now my pleasure to introduce your host, Tom Cook of Investor Relations. Thank you. You may begin.

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Tom Cook

Thank you, Shamali, and good morning, everyone. Welcome to Graham’s Fiscal Fourth Quarter and Full Year 2026 Earnings Call. With me on the call today is Matt Malone, President and CEO, and Chris Thome, Chief Financial Officer.

This morning, we released our financial results. Our earnings release and accompanying presentation for today’s call are available on our website at ir.grahamcorp.com. You should be aware that we may make forward-looking statements during the formal discussion as well as during the Q&A session. These statements apply to future events that are subject to risks and uncertainties as well as other factors that could cause actual results to differ materially from what is stated here today.

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These risks and uncertainties and other factors are provided in the earnings release as well as with other documents that are filed by the company with the Securities and Exchange Commission. You can find these documents on our website or at sec.gov.

During today’s call, we will also discuss non-GAAP financial measures. We believe these will be useful in evaluating our performance. However, you should not consider the presentation of this additional information in isolation

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A holistic strategy is the key to modernizing your plant

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A holistic strategy is the key to modernizing your plant

Intelligent modernization boosts efficiency, cuts costs, and builds resilient, connected food plants.

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Lavazza launches single-serve tablets to make espresso

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Lavazza launches single-serve tablets to make espresso

Lavazza said its Tablì tabs are made of 100% coffee, without any gelatin, coating or binders.

Source: Lavazza

Lavazza is bringing its espresso tablets to the U.S., aiming to loosen Keurig Dr Pepper’s grip on the single-serve coffee category.

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The Italian coffee giant unveiled Tablì last year and launched the new brewing system first in Italy. The tablets, made of compressed ground coffee without a coating, binder or gelatin, can only be used with a Tablì coffee machine made by Lavazza. Each tablet is marked with the words “100% coffee. At launch, the tabs will come in five varieties: espresso, double espresso, decaf espresso, super crema and lungo, or a “long shot” espresso brewed with more water.

“The result that we’ve been able to achieve was through a very complicated industrial process in order to be able to have [the coffee tablet] very compact, to be able to deliver it without destroying it, to have it able to work in a coffee machine,” Lavazza CEO Antonio Baravalle told CNBC.

Tablì is the result of Lavazza’s acquisition of the Italian startup Caffemotive in 2020. The new system took five years of development, more than 15 patents and a new production facility in Gattinara, Italy, to bring it to market.

Its launch in the U.S. comes as the country becomes an increasingly important part of Lavazza’s business. In 2025, the company’s North American turnover — or revenue — jumped 26.9%, according to Lavazza.

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“We are strongly investing in the USA because we think it is an important space for us,” Baravalle said, adding that Lavazza aims to eventually have a €1 billion ($1.15 billion) business in the U.S.

“The brand is growing, in terms of equity, extremely well,” Baravalle said. “We’ve spent a lot of money, for us, in the last two years, and we’re going to do that for the next five years.”

More than 130 years after its founding, the Lavazza family still privately owns the Italian company. In 2025, it reported net profit of €92 million on net revenues of €3.9 billion, according to Lavazza’s latest annual report.

In the U.S., it generates more than $100 million in annual dollar sales through retailers like Target and Walmart. For context, Keurig reported annual net sales of $3.99 billion for its U.S. coffee segment in 2025.

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The majority of Keurig’s coffee revenue comes from its K-cups. In the U.S., Keurig has dominated the single-serve coffee market for more than a decade, although Nestle’s Nespresso has won over customers in recent years. Keurig holds about half of the total U.S. market share for fresh ground coffee pods, according to data from Euromonitor International. Nespresso holds a roughly 7% share.

Of course, Lavazza sells K-cup pods in the U.S. through a partnership with Keurig.

Baravalle said he does not expect to beat Keurig or Nespresso.

“For us, it’s important to find our own space, but we are talking about two giants, and one of them, we have an important contract with that we are very happy [with],” he said.

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A sustainability play

Lavazza is betting that sustainability is still a top consideration for many coffee drinkers, although Baravalle said that can differ across countries.

For years, Keurig’s pods have been dogged by questions about waste, leaving an opening for a competitor with a more environmentally-friendly product. The company previously claimed that 100% of its K-cups have been recyclable since the end of 2020.

In 2024, the Securities and Exchange Commission charged the beverage giant with making misleading statements over the recyclability of its pods. Keurig agreed to pay $1.5 million in penalties without admitting or denying the SEC’s findings. The company’s website now reads, “Check locally, not recycled in many communities.”

Nespresso’s aluminum pods are more easily recycled through the brand’s free mail-back service.

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As Lavazza launches a potential competitor, Keurig has its own plans for plastic- and aluminum-free coffee pods. This fall, the company plans to launch K-Rounds, which uses a plant-based coating to preserve the ground coffee inside the puck-shaped pod. The innovation is thanks to a multi-year partnership with Delica Switzerland, the maker of the CoffeeB system, which uses plastic-free coffee balls that have gained traction in parts of Europe.

Lavazza will officially launch Tablì in the U.S. in August. A $99.99 bundle that includes the machine, a 60-count variety pack of tabs and a milk frother is available now to pre-order on the company’s website.

In May, Baravalle said the company was still determining its pricing strategy as it conducted consumer research to understand how much coffee drinkers were willing to pay.

“We are also waiting to see how some big, huge competitors will move in the industry, trying to offer something similar,” Baravalle said. “But, for sure, Lavazza has premium positioning, and we’re not going to do something different from that.”

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