Building Products

Trane Technologies is positioned to potentially extend its earnings-beat streak when it reports next, with a positive Zacks Earnings ESP of +0.43% and a Zacks Rank #3 (Hold). The manufacturer has beaten estimates in each of its last two reports, with an average surprise of 2.44%. In the most recent quarter, Trane Technologies posted earnings of $4.31 per share against the Zacks Consensus Estimate of $4.27 per share, a surprise of 0.94%. The prior quarter delivered a surprise of 3.95%, as earnings came in at $2.63 per share versus an expected $2.53 per share. Zacks research shows that stocks combining a positive Earnings ESP with a Zacks Rank #3 or better produce a positive surprise nearly 70% of the time.

Allegion plc is leaning on strength in its Allegion Americas segment, where organic revenues rose 8.9% year over year in the second quarter of 2026, while the company's Allegion International segment saw organic revenues fall 1.2% over the same period on weak demand in European markets including Germany and disruptions from enterprise resource planning implementation. The company expects the Allegion Americas segment's organic revenues to increase in the mid-single-digits year over year in 2026, helped by stable demand in education, healthcare, government, hospitality and retail and by growing adoption of wireless locks and mobile-enabled smart locks. Acquisitions added 5.1% to company sales in the second quarter of 2026, with Allegion acquiring DCI Hollow Metal in March 2026 and Brisant and UAP Group Limited in August 2025. On shareholder returns, Allegion paid $94 million in dividends in the first six months of 2026, up 7.1% year over year, repurchased $160.6 million of shares in the same period, authorized a $500 million buyback in April 2026 and announced an 8% increase in its quarterly dividend rate in February 2026 to 55 cents per share. Costs are rising, with cost of goods sold up 12.8% year over year in the first six months of 2026 and reaching 55.5% of total revenues, while selling and administrative expenses rose 10.4%.

Trane Technologies announced the successful laboratory demonstration of the industry's first 800-volt direct current cooling architecture, designed for next-generation AI factories and gigawatt-scale data centers. Working with Eaton Corporation and Danfoss, the company modified an existing high-efficiency chiller to run on an 800 VDC feed and validated the potential for up to 2% improvement in system efficiency over conventional AC counterparts while delivering over 1,000 tons, or 3.5 MW, of cooling capacity. The proof-of-concept shows that accepting direct 800 VDC input reduces the power conversion losses that occur in traditional AC-powered cooling systems, which rely on multiple stages of conversion for compressor drives, pumps and fans. Trane said that in a typical 200 MW data center, the efficiency gain could unlock up to 1.8 MW of additional compute capacity, enough to support up to fifteen 120 kW racks or up to three 600 kW racks. Mauro J. Atalla, Senior Vice President, Chief Technology and Sustainability Officer at Trane Technologies, said the demonstration marks an important step in rethinking how cooling infrastructure can integrate with emerging DC power architectures and help operators maximize compute capacity per megawatt.

Cooke & Bieler's Mid Cap Value Equity Strategy initiated a new position in Armstrong World Industries during the second quarter of 2026, according to the firm's quarterly investor letter. Armstrong World Industries is the leading North American manufacturer of non-residential ceiling systems, and after divesting or spinning off its flooring, cabinet, and European ceilings segments over the past decade, it is now a pure play on an attractive niche within the building products industry. The company operates in two segments, Mineral Fiber and Architectural Specialties, and within Mineral Fiber it holds over 55% market share of the North American acoustical ceiling tile industry, where Cooke & Bieler describes pricing power, mix trends, and margins as among the most favorable and consistent in building products. While the volume environment has been challenging, the firm expects a return to unit growth in 2026, and it said it reinitiated the position because valuation became more attractive despite persistently strong fundamental performance, after having previously eliminated the holding as it approached the firm's estimate of fair value. Armstrong World Industries closed at $164.75 on September 28, 2026, giving it a $6.96 billion market capitalization, with a roughly 13.79% year-to-date pullback and a 52-week range of $150.28 to $206.08. The Cooke & Bieler Mid Cap Value Strategy returned 8.05% in the quarter, lagging the Russell Midcap Value Index's 13.4%, as an underweight in Information Technology drove nearly all of the portfolio's shortfall.

Trane Technologies announced the expansion of its data center thermal management portfolio with two new 250-megawatt high-density AI factory reference designs built on the NVIDIA DSX AI Factory platform. The designs build on the company's industry-first thermal management reference design for gigawatt-scale AI factories and incorporate technologies from recently acquired LiquidStack and Stellar Energy. Reference Design #506, a 250-megawatt high-efficiency air-cooled architecture, pairs direct-to-chip liquid cooling with Trane Ascend ACR air-cooled chillers and delivers up to a 25% cooling efficiency improvement while reallocating up to 22 MW of power to compute, improving annualized partial PUE from 1.201 to 1.083 with zero water consumption. Reference Design #507, a 250-megawatt modular cooling infrastructure, is Trane's first reference design to feature Stellar Energy modular cooling plants, combining Trane CenTraVac water-cooled chillers with low-GWP refrigerant and stacked dry fluid coolers to achieve zero Water Usage Effectiveness, up to a 16% chiller power improvement and 8 MW of electrical capacity reallocated to AI workloads. The LiquidStack GigaModular Coolant Distribution Unit integrated across both designs has qualified as an NVIDIA DSX Ready CDU, offering scalable capacity up to 14 MW at a 4°C approach and up to 20% lower capital expenditure than conventional row-based CDU installations.

Johnson Controls announced it has joined the Sustainable Tropical Data Centre Testbed 2.0, hosted at the College of Design and Engineering at the National University of Singapore, contributing thermal management, smart controls, engineering expertise and operational experience to the programme. The testbed, located on Jurong Island, will evaluate next-generation AI and data centre technologies in a live tropical environment, part of a broader initiative with JTC Corporation and industry partners to transform Jurong Island into a living testbed for low-carbon, AI-ready infrastructure. The announcement comes as Singapore expands its low-carbon digital infrastructure, including the recent allocation of an additional 200 MW of data centre capacity. Johnson Controls said its integrated thermal approach can reduce non-IT energy consumption by up to 50% compared with conventional cooling methods in a modeled design, and that in a 1-gigawatt data centre blueprint its absorption chiller reference design demonstrated the potential to convert the 57% of energy typically lost as waste heat from on-site power generation into productive cooling, enabling up to 97 MW of additional AI computing capacity from existing power infrastructure while reducing cooling-related electrical demand by up to 44%. Austin Domenici, president of Data Centre Solutions at Johnson Controls, said success with growing AI workloads will depend not only on computing power but on how efficiently the resources behind it are managed, and Ali Badreddine, vice president and general manager for Southeast Asia Business and Asia Pacific Data Centre Solutions, said STDCT 2.0 brings research, talent and industry collaboration together to help advance AI-ready infrastructure across Singapore and the broader Asia Pacific region. Professor Lee Poh Seng, programme director of the testbed and head of the Department of Mechanical Engineering at NUS CDE, said the programme is designed to move beyond individual technologies and evaluate how systems can be integrated and optimised as one infrastructure platform under real tropical operating conditions. The announcement comes ahead of Data Centre World Asia 2026, taking place 29–30 September at Marina Bay Sands Expo and Convention Centre in Singapore, where Johnson Controls will be at Booth V20.

Sanxia New Materials announced on the evening of September 28 that it plans to acquire no less than 53.14% of Zhuhai Saiwei Electronic Materials Co., Ltd. from counterparties including Dai Xiaobing, Yili Investment, Hengwei Investment, Xue Yao, and Lü Haixia, through a combination of share issuance and cash payment. The company said the transaction is still in the planning stage and is expected to constitute a major asset restructuring, but will not constitute a restructuring and listing, nor will it lead to a change in the controlling shareholder or actual controller. The target company, Zhuhai Saiwei, is mainly engaged in the research, development, and production of electronic specialty materials such as lithium-ion battery electrolytes and new membrane materials, with a registered capital of 69.270833 million yuan. Upon application to the exchange, trading in Sanxia New Materials shares will be suspended from the market open on September 29, 2026, with the suspension expected to last no more than 10 trading days. On the same day, the company also announced that the equity structure of its controlling shareholder, Dangyang Urban Investment, has changed. Yichang State-owned Capital Investment Holding Group Co., Ltd. transferred its 85% equity stake in Dangyang Urban Investment to Yichang Three Gorges Bonded Supply Chain Co., Ltd. for consideration. After the transfer, Dangyang Urban Investment remains the controlling shareholder, and the actual controller remains the State-owned Assets Supervision and Administration Commission of the Yichang Municipal People's Government.

Sanxia New Material announced on the evening of September 28 that it plans to acquire no less than 53.14% of Zhuhai Saiwei Electronic Materials Co., Ltd. through a combination of share issuance and cash payment. Trading in the company's shares will be suspended from the market open on September 29, with the suspension expected to last no more than 10 trading days. The counterparties include the target company's actual controller Dai Xiaobing, director Xue Yao, senior executive Lü Haixia, as well as employee shareholding platforms Zhuhai Yili Investment Partnership and Zhuhai Hengwei Investment Partnership. There is no related-party relationship between the listed company, its controlling shareholder, and the counterparties. Zhuhai Saiwei was established on June 18, 2007, with registered capital of 69.270833 million yuan, and is mainly engaged in the research, development, and production of electronic specialty materials such as lithium-ion battery electrolytes and new membrane materials. The transaction is expected to constitute a major asset restructuring, is not expected to constitute a reverse merger, and will not result in a change of the company's controlling shareholder or actual controller. The target company's valuation, transaction amount, and the ratio of share issuance to cash payment have not yet been determined. On the same day, the company disclosed an announcement on abnormal stock trading fluctuations. Its closing price deviation exceeded 20% cumulatively over three consecutive trading days on September 23, September 24, and September 28. It also disclosed that its indirect controlling shareholder, Yichang State-owned Capital Investment Holding Group Co., Ltd., intends to transfer 85% equity in the controlling shareholder Dangyang City Investment Co., Ltd. to Yichang Three Gorges Bonded Supply Chain Co., Ltd., a lower-level subsidiary of Yichang High-tech Industrial Investment Holding Group Co., Ltd., through a non-public agreement.

Panelmatic Solutions Public Company Limited, or PANEL, is pushing forward with a new growth phase built on a new factory and machinery that expand production capacity by 2 to 4 times, extending its furniture line to target the Interior, Care and Luxury markets under the Jump+ project, a three-year business plan running from 2026 to 2028. The new factory sits on roughly 6 rai of land, with investment of about 140 million baht for the plant and new machinery, funded by proceeds raised through its IPO. The company targets revenue of no less than 300 million baht in 2027 and no less than 400 million baht in 2028. It also aims to lift its gross profit margin from the current level of about 34% to 36% in 2027, and has set a net profit margin target of roughly 11% to 12% for 2027 before rising to 15% in 2028. First-half results slowed in line with the overall industry, but the company has never posted a loss and holds a backlog for partition wall work at Impact Challenger Hall with a contract value of more than 20 million baht, about 90% of which is expected to be recognised as revenue in 2026. It is also in the process of bidding for work in the Data Center and AI Data Center segments. On branch expansion, the strategy aims to address the weakness of concentration in the central region, in order to reach local contractors and generate higher margins.

Griffon closed the most recent trading day at $98.39, up 1.92% and outpacing the S&P 500's 0.51% gain, while the Dow rose 0.93% and the Nasdaq added 0.48%. The garage door and building products maker is expected to report earnings per share of $1.6 for its upcoming quarter, a 3.9% increase from the same quarter last year, alongside revenue of $480.94 million, which would mark a 27.37% decline from a year earlier. For the full year, the Zacks Consensus Estimates project earnings of $5.41 per share and revenue of $1.84 billion, changes of -4.25% and -27.05% respectively from the preceding year. Over the last 30 days the consensus EPS estimate has remained unchanged, and Griffon currently holds a Zacks Rank of #2 (Buy). The stock trades at a forward P/E of 17.83, a premium to its industry's average of 13.25, while the Diversified Operations industry carries a Zacks Industry Rank of 45, placing it within the top 19% of more than 250 industries.

CSW reported record second-quarter revenue of $350.7 million, up 33% year on year and 2.4% above analysts' consensus estimates, as the HVAC and water systems group as a whole beat revenue expectations by 4.7%. The company's Contractor Solutions Segment delivered organic revenue growth of 6%, while acquisitions also contributed to the top line. Earnings per diluted share rose 25% to $3.04 from $2.43, and adjusted EPS hit a record $3.84, up 35% from $2.85. Net income attributable to CSW rose 22% to $50 million from $41 million, adjusted EBITDA climbed 48% to a record $102 million, and cash flows from operations reached a record $76 million, up 25%. Among the nine HVAC and water systems stocks tracked, AAON posted the strongest quarter with revenue of $627 million, up 101% year on year and 24.6% above estimates, while Lennox reported the weakest performance, with revenue of $1.55 billion, up 3% but 1% short of expectations, and full-year EPS guidance missing significantly. Despite the strong results across the group, share prices have fallen an average of 11.1% since the latest earnings reports, with CSW up 8% since reporting and trading at $294.55.

Madison Air Solutions Corporation said on August 25 that it would sell roughly $2.25 billion of new stock to a group of investors that includes its own chairman, part of the funding for a $5 billion acquisition in Germany. The company is issuing 90,108,130 shares of Class A common stock at $24.97 apiece, with proceeds earmarked to help fund the purchase of German air-handling maker ebm-papst, a deal that still needs regulatory approval and is targeted to close around year-end. Chairman Larry Gies is putting in $300 million of his own money toward the private placement, and an affiliated entity, Madison Solutions, is adding another $320 million, with both committing to hold the shares for a year. Even with the fresh equity, Madison Air still plans to fund the deal with roughly $2.8 billion of additional debt and cash, pushing pro forma net leverage to about 3.7 times from the 2.8 times reported at the end of the second quarter, against management's target of getting back under 2.5 times within two years. The company reported second-quarter net sales up 21% to $991.3 million, adjusted EBITDA up 18% to $265.8 million, net income up 129% to $70.5 million and backlog up 133% to $2,868.4 million, and it raised full-year guidance to $3,825 million to $3,925 million in net sales and $1,020 million to $1,065 million in adjusted EBITDA.

Broyhill Asset Management highlighted Masco Corporation in its second-quarter 2026 investor letter, reporting that the home improvement and building products manufacturer gained 37% and delivered the best result in the portfolio. Broyhill said the quarter was plumbing-led and volume-led, with the strongest volume growth since the end of the pandemic and pricing intact. Management raised its topline outlook, took out delayed-draw leverage to repurchase stock, and increased the buyback guide by $200 million, to more than $800 million against a $2 billion authorization. Masco closed at $69.41 per share on September 14, 2026, with a market capitalization of $13.69 billion and a 52-week range of $58.16 to $83.64. The Broyhill Equity Composite gained 8.8% in the second quarter, trailing the MSCI All Country World Index's 15.1% and the MSCI ACWI Value Index's 10.8%, while returning 2.3% in the first half against 11.5% for the Index.

Dongpeng Holdings announced on September 14, 2026 that its wholly-owned subsidiary, Foshan Dongpeng Ceramics Co., Ltd., recently obtained the AEO Advanced Certified Enterprise Certificate issued by Guangzhou Customs, with certificate number A5106202 and AEO code AEOCN588261331. AEO is a supply chain security management system promoted by the World Customs Organization. Advanced certification is the highest level for customs-managed enterprises. After certification, enterprises can enjoy conveniences such as priority customs clearance, lower inspection rates, and application for exemption from guarantees, as well as customs clearance facilitation in AEO mutual recognition countries and regions. The company stated that this certification is recognition by customs of the company's import and export compliance, credit management, and internal controls. It will improve customs clearance and delivery efficiency, reduce trade costs, help enhance international competitiveness and brand influence, and provide support for international business and overseas strategic development. The company also cautioned that actual benefits are affected by multiple factors such as overseas market expansion, customer orders, and the international trade environment, and will not have a significant impact on operating performance.

Trane Technologies is drawing bullish analyst attention after reporting a 70% year-over-year surge in backlog in the second quarter of 2026, following 37% growth in organic bookings, with nearly $6 billion of that backlog scheduled for 2027 and thereafter. The Zacks Consensus Estimate for 2026 revenue is pegged at $23.7 billion, up 10.9% year over year, while 2027 revenue is expected to rise 9%; fiscal 2026 earnings are estimated at $15.31 per share, implying a 17.2% year-over-year increase, with 2027 earnings anticipated to grow 14.7%. Six estimates for 2026 and 2027 moved north in the past 60 days versus no southward revisions, lifting the 2026 consensus estimate 2.8% and the 2027 estimate 3.4% over that period. The company's Americas Commercial HVAC business jumped 50% year over year, applied bookings climbed 130% for a fourth consecutive quarter of growth exceeding 100%, and residential HVAC revenues rose at a low-teens organic rate, prompting management to raise its 2026 outlook to mid-single-digit growth. Trane Technologies expects to deploy $2.8-$3.3 billion in 2026, raise its annualized dividend by 12% to $4.2 per share, and repurchase nearly $840 million in shares through the second quarter of 2026, and it currently carries a Zacks Rank #2 (Buy).

Thermo King, a strategic brand of Trane Technologies, has announced four new models in its all-electric EV series for Asia Pacific: the EV500S, EV500e, EV300e, and EV200e. The new lineup, designed for urban cold chain applications, offers improved energy efficiency, with operating energy efficiency up 8.3% compared to first-generation units. The EV500S and EV500e are suited for urban distribution of fruits, vegetables, fresh e-commerce goods, and pharmaceuticals, while the EV200e and EV300e target high-frequency, short-haul last-mile delivery. The series features the ARCON intelligent control architecture, maintaining temperature within ±0.5°C, and an optional iTracKing II system for two-way remote monitoring and control. Helen Ling, vice president of Thermo King Asia Pacific, highlighted the series' role in advancing sustainable cold chain transport.

Apogee Enterprises has agreed to acquire Latvia-based SIA GroGlass for up to €62.5 million, approximately $72.5 million, on a cash-free, debt-free basis, with a €10 million contingent portion payable over three years if financial targets are met. The deal, expected to close in the third quarter of fiscal 2027, would add GroGlass to Apogee's Performance Surfaces segment, bringing proprietary anti-reflective and advanced coating capabilities. GroGlass is projected to contribute about $30 million in revenue in its first 12 months at an adjusted EBITDA margin of roughly 25%, compared with the segment's 14.8% margin in the first quarter of fiscal 2027. Apogee also identified at least $4 million in annualized cost synergies and operating improvements, which could reduce the illustrative maximum-consideration ratio from about 9.7 times to approximately 6.3 times projected first-year adjusted EBITDA. The acquisition will be funded with cash on hand and existing credit, and its success hinges on execution and realizing projected synergies.

Commercial building products stocks reported a strong second quarter, with revenues beating analyst consensus by 1.9% on average. Johnson Controls led with revenues of $6.61 billion, up 9.3% year over year, exceeding expectations by 2.5%, and its stock rose 1.3% to $142.05. Apogee delivered the biggest estimate beat, with revenues of $342.7 million, down 1.1% but outperforming by 3.4%, yet its stock fell 5.9% to $39.97. Janus was the weakest, missing revenue estimates by 2.5% and cutting full-year guidance, with shares down 5.2% to $5.09. AZZ and Insteel also beat expectations, with AZZ raising full-year guidance and Insteel posting the fastest revenue growth at 9.9%.

Carrier Global Corp. has acquired 75F, a cloud-native, wireless, AI-enabled building automation provider, to accelerate its intelligent building capabilities. The deal integrates 75F's AI and data layer with Carrier's existing Nlyte, Abound, and WebCTRL platforms, enabling more autonomous building operations. In the second quarter, Carrier reported revenue of $6.4 billion, up 4% year-over-year, and raised its full-year 2026 guidance to $23 billion in sales with adjusted EPS near $2.90. However, adjusted operating margins contracted by 1.9% due to higher input costs, and adjusted EPS fell 7% to $0.86. Institutional sentiment remains strong, with 58 hedge funds holding positions by the end of the second quarter, up from 47 in the first quarter.

Quanex Building Products reported a 1.3% increase in net sales to $501.8 million for Q3 2026, with adjusted EBITDA rising to $72.7 million from $70.3 million a year earlier. Net income swung to $26.5 million, or $0.58 per diluted share, from a net loss of $276 million in Q3 2025, while adjusted net income reached $36 million, or $0.79 per share. The company repaid $42.25 million of debt and repurchased $1.7 million of stock, boosting liquidity to approximately $363 million and lowering its leverage ratio to 2.8 times. Segment performance was mixed: Hardware Solutions net sales dipped slightly to $220.9 million but adjusted EBITDA improved to $27.1 million, Extruded Solutions revenue rose 2.8% to $179.3 million with adjusted EBITDA down to $35.6 million, and Custom Solutions net sales grew 8.5% to $111 million with adjusted EBITDA falling to $12 million. Management highlighted new business wins and tariff-related insourcing opportunities, while cautioning on weak new construction and elevated costs.

Quanex Building Products Corporation reported third-quarter 2026 results with sales of US$501.85 million and net income of US$26.5 million, a sharp reversal from a year-earlier net loss, and declared a quarterly dividend of US$0.08 per share. The swing from a loss per share of US$6.04 to earnings per share of US$0.58 from continuing operations highlights improved profitability and cost discipline. The company's nine-month net income reached US$25.78 million, addressing earlier concerns about margin pressure and operational challenges at facilities like Monterrey. However, investors remain cautious about sustained weakness in new construction and remodeling demand, which could affect future volumes. The company's narrative projects US$1.9 billion revenue and US$236.5 million earnings by 2028, implying a fair value of US$28.00 per share, a 22% upside from the current price.

Shares of building products company Quanex jumped 21.1% in afternoon trading after the company reported second-quarter 2026 results that beat Wall Street expectations. Revenue came in at $501.8 million, surpassing the consensus estimate of $497.3 million, while adjusted diluted earnings per share of $0.79 exceeded the forecast of $0.66 by 20.2%. Operating margin rose to 9.3%, and free cash flow reached $47.81 million. CEO George Wilson said the company made progress addressing a price-versus-cost imbalance that had pressured margins earlier in the year, noting that macroeconomic inflationary pressure had somewhat subsided. Quanex shares are up 48.3% year-to-date and hit a new 52-week high of $22.80.

Quanex Building Products Corporation reported fiscal third-quarter net sales of $501.8 million, up 1.3% from $495.3 million a year earlier, with gross margin expanding to 28.2% from 27.9% and adjusted EBITDA rising to $72.7 million from $70.3 million. The company repaid $42.25 million of debt, reducing its net-debt-to-adjusted-EBITDA ratio to 2.8 times from 3.1 times at the end of the second quarter. However, volume declines persisted in two of its three segments, with Hardware Solutions sales down 2.7% and Extruded Solutions growth of 2.8% driven solely by pricing. Custom Solutions provided a bright spot, with sales up 8.5% to $111.0 million on higher volumes and improved pricing. Nine-month free cash flow fell to $24.2 million from $35.6 million, and total debt remained at $672.2 million, leaving fourth-quarter cash generation as the key test for continued deleveraging.

Quanex Building Products, a manufacturer of engineered components for window, door, and building-products markets, soared just over 22% on Friday after reporting better-than-expected third-quarter results. The stock closed at $22.93, up $4.17. The company posted non-GAAP EPS of $0.79, beating consensus by $0.13, while revenue of $501.8 million also exceeded expectations. Management noted a mixed housing environment, with weaker new-construction activity offset by resilient permitting, and said targeted price increases would provide fuller benefits in the fourth quarter. Quanex also reported $363.1 million in liquidity as of July 31 and a net-debt-to-LTM adjusted EBITDA ratio of 2.8x.

Quanex Building Products reported third-quarter fiscal 2026 sales of $501.8 million, up 1.3% from a year earlier, and returned to profitability with net income of $26.5 million, or $0.58 per diluted share, compared with a net loss of $276 million in the prior-year period, which included a $302.3 million non-cash goodwill impairment. Adjusted EPS rose to $0.79 from $0.69, and adjusted EBITDA increased to $72.7 million from $70.3 million. The company cited uneven housing demand, with U.S. single-family starts down about 16% year over year, but noted pricing actions helped offset elevated costs. Management expects fourth-quarter revenue growth of 2% to 3% and adjusted EBITDA margin expansion of 50 to 75 basis points. Quanex repaid $42.25 million of debt during the quarter, reducing its leverage ratio to 2.8 times.

Eurocell PLC reported a 6% increase in group revenues to GBP205 million for the first half of fiscal 2026, with adjusted operating profit up 10% to GBP11.1 million. Organic volumes rose 1%, and adjusted earnings per share increased 2% to 6.1p, while the interim dividend was raised 9% to 2.5p per share. The company's Alunet business contributed GBP28.4 million in sales and GBP4 million in adjusted operating profit, and strategic initiatives, including windows and doors and e-commerce, drove growth. Eurocell closed 10 branches in July, reducing its network to 205, and incurred non-underlying charges of GBP9.6 million, including restructuring costs. Net debt stood at GBP28.1 million with leverage at 0.8 times EBITDA, and the company reaffirmed its full-year capital expenditure guidance of up to GBP13 million.

Panelessmatic Solutions Public Company Limited, or PANEL, a provider of operating room door systems, automatic doors, soundproof sliding walls, and mobile soundproof rooms, has announced that its newly operational factory will help increase production capacity and manage costs efficiently amid continued product demand across several customer segments. Meanwhile, the company has expanded its customer base through a showroom in Phuket, an area with potential driven by the recovery of tourism, investment, and the residential market, which is expected to boost sales in the South. Mrs. Julia W. Petchpaisit, PANEL's executive, stated that increasing production capacity and market expansion will support revenue growth of more than 40% in 2026, with the opportunity to reach a new all-time high as targeted.

Panel Pneumatic Solutions Public Company Limited, or PANEL, a leader in operating room doors, automatic doors, acoustic sliding walls, and mobile soundproof rooms, has opened a new factory, resulting in increased production capacity to full capacity and helping to reduce production costs. Meanwhile, the business continues to grow steadily. In addition, the company also has a showroom in Phuket, an area with high potential from tourism, investment, and housing demand. Julia W. Petchpaisit, female CEO, is confident that this will help drive revenue in 2026 to grow by over 40%, setting a new all-time high.