AIRR

First Trust Advisors L.P. ("First Trust"), a leading ETF provider and asset manager, announced that the First Trust RBA American Industrial Renaissance® ETF (NASDAQ:AIRR) has reached over $3 billion in net assets as of 1/6/2025 and continues to be a top performing fund. AIRR seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Richard Bernstein Advisors American Industrial Renaissance® Index (the "index"). The index is designed to measure the performance of small and mid-cap U.S. companies in the industrial and community banking sectors. These companies are directly involved in manufacturing, related in

The Greenbrier Companies, Inc. (NYSE:GBX) shares are tumbling today after the company reported worse-than-expected third-quarter FY24 results. Revenue declined to $820.2 million from $1.038 billion a year ago and missed the consensus of $928.7 million. The company’s lease fleet utilization was around 99%, and fleet size increased by 600 units to 15,200 units. GBX has secured orders for 6,300 new railcars worth $830 million and delivered 5,400 units in the quarter.  As of May end, the new railcar backlog stood at 29,400 units, with an estimated value of $3.7 billion. EBITDA came in at $104 million vs $95 million a year ago, with a margin of 13%. EPS of $1.06 missed the consensu

Former President Donald Trump has changed the Republican Party’s economic policy in recent years, opting for protectionism and tariffs in a historic departure from conservative norms. Trump floated a new policy idea to CEOs and lawmakers in a meeting ahead of the 2024 election. What Happened: Citing anonymous sources, CNBC reporter Emily Wilkins wrote Trump floated the idea of eliminating income taxes in favor of an “all tariff policy” to lawmakers and CEOs on Thursday. According to CNBC, Trump is joined at a Business Roundtable meeting by influential business leaders, including Blackstone CEO Steve Schwarzman, JPMorgan Chase CEO Jamie Dimon, Carlyle Group CEO Harvey Schwartz and AT&T

Dycom Industries, Inc. (NYSE:DY) shares are trading higher after the company reported its first quarter FY25 results. Contract revenue increased 9.3% Y/Y to $1.142 billion, beating the consensus of $1.093 billion. Adjusted EBITDA increased to $130.9 million from $113.5 million a year ago. EPS of $2.12 surpassed the street view of $1.51.  In the quarter, the company repurchased 210,000 shares for $29.8 million. Outlook: For the second quarter, Dycom expects organic contract revenues to grow by high-single digits as a percentage of contract revenues and adjusted EBITDA margin to increase 25 to 75 basis points Y/Y. In addition, the company expects around $70 million of acquire

RBC Bearings Incorporated (NYSE:RBC) shares are trading higher after it reported fourth-quarter FY24 results. Net sales rose 4.9% Y/Y to $413.7 million, beating the consensus of $413.5 million. By segment, Aerospace/Defense revenue grew 16.8% Y/Y, while Industrial revenue declined 0.4% Y/Y in the quarter. Adjusted gross margin expanded to 43.1% from 42.2% in the same quarter a year ago, and adjusted EBITDA margin rose to 31.4% from 30.7% last year. As of March 30, 2024, the backlog stood at $726.1 million. Adjusted EPS increased 16.0% Y/Y to $2.47, surpassing the street view of $2.36. Michael J. Hartnett, Chairman and Chief Executive Officer, said, “Our Aerospace and Defense s

The Greenbrier Companies, Inc. (NYSE:GBX) reported the second quarter of FY24 results.  Revenue declined to $862.7 million from $1.122 billion a year ago but was above the consensus of $843.3 million.  The company’s lease fleet utilization was 99%, and fleet size increased by 500 to 14,600 units. GBX has secured orders for 5,900 new railcars worth $690 million and delivered 5,600 units in the quarter.  As of February 29, 2023, the new railcar backlog stood at 29,200 units with an estimated value of $3.6 billion. EBITDA came in at $95.0 million, with a margin of 11%. EPS of $1.03 topped the consensus of $0.86. As of February 29, 2024, cash and equivalents stood at $272 milli

First Trust Advisors L.P. ("FTA") announces the declaration of distributions for 138 exchange-traded fund(s) (each a "Fund," collectively, the "Funds") advised by FTA. The following dates apply to today's distribution declarations: Expected Ex-Dividend Date: December 23, 2022 Record Date: December 27, 2022 Payable Date: December 30, 2022 Ticker Exchange Fund Name Frequency Ordinary Income Per Share Amount Long-Term Capital Gain Per Share Amount     ACTIVELY MANAGED EXCHANGE-TRADED FUNDS       First Trust Exchange-Traded Fund III   FCAL Nasdaq First Trust California Municipal High Income ETF

First Trust Advisors L.P. ("FTA") announces the declaration of distributions for 135 exchange-traded fund(s) (each a "Fund," collectively, the "Funds") advised by FTA. The following dates apply to today's distribution declarations:   Expected Ex-Dividend Date:   June 24, 2022   Record Date:   June 27, 2022   Payable Date:   June 30, 2022 Ticker   Exchange   Fund Name   Frequency   Ordinary Income Per Share Amount   ACTIVELY MANAGED EXCHANGE-TRADED FUNDS   First Trust Exchange-Traded Fund III    FCAL   Nasdaq   First Trust California Municipal High Income ETF   Monthly   $0.0925 FEMB   N

First Trust Advisors L.P. ("FTA") announces the declaration of distributions for 133 exchange-traded fund(s) (each a "Fund," collectively, the "Funds") advised by FTA. The following dates apply to today's distribution declarations: Expected Ex-Dividend Date:   December 23, 2021 Record Date:   December 27, 2021 Payable Date:   December 31, 2021 Ticker   Exchange   Fund Name   Frequency   Ordinary Income Per Share Amount   Short-Term Capital Gain Per Share Amount   Long-Term Capital Gain Per Share Amount           ACTIVELY MANAGED EXCHANGE-TRADED FUNDS                    First Trust Excha

First Trust Advisors L.P. ("FTA") announces the declaration of distributions for 122 exchange-traded funds (each a "Fund," collectively, the "Funds") advised by FTA. The following dates apply to today's distribution declarations: Expected Ex-Dividend Date:   June 24, 2021 Record Date:   June 25, 2021 Payable Date:   June 30, 2021   Ticker Exchange Fund Name Frequency Ordinary Income Per Share Amount ACTIVELY MANAGED EXCHANGE-TRADED FUNDS   First Trust Exchange-Traded Fund III FCAL Nasdaq First Trust California Municipal High Income ETF Monthly $0.0950 FEMB Nasdaq First Trust Emerging Markets Local Curren