Manufacturing & Industrial · Week of Nov 2, 2026
Q3 results and portfolio reshaping: the week in manufacturing
Third-quarter results from Regal Rexnord, Solstice and Hanon Systems led the week, alongside portfolio moves and data deals at Alfa Laval and Accrete.
Third-quarter earnings dominated the week. Regal Rexnord reported sales of $1,588 million, up 6%, but a GAAP net loss of $12 million after a $119 million goodwill impairment. Solstice Advanced Materials reported Net Sales of $1,046 million, up 8%, and raised its full-year guidance. Hanon Systems said revenue fell 1.8% while operating profit rose 26.6%. Regal Rexnord pointed to Data Center sales and Solstice to Electronic Materials as growth areas, while Hanon said electrification reached 33% of revenue.
Portfolio reshaping and digital capabilities were the other thread. Regal Rexnord said it is exploring the sale of its autonomous mobile solutions business. Alfa Laval agreed to buy maritime software company NAVTOR AS for 700MUSD in cash. Accrete signed a data agreement with TenderAlpha to add supply chain data to its Argus product for federal customers. On the product and order side, Otis received a Guinness World Records title at Tianjin 117, Valens Semiconductor introduced a USB3 extension chipset, and AITX's RAD subsidiary received a repeat order for its ROAMEO patrol vehicle.
Regal Rexnord Corporation
REGAL REXNORD REPORTS THIRD QUARTER 2026 FINANCIAL RESULTS
Regal Rexnord reported third quarter 2026 sales of $1,588 million, up 6%, and a GAAP net loss of $12 million that included a $119 million goodwill impairment primarily related to its autonomous mobile solutions business. The company lowered and narrowed GAAP EPS guidance to $3.76 to $4.06, raised Adjusted Diluted EPS guidance to $10.60 to $10.90, and said on Nov. 3, 2026 that it is exploring the sale of the autonomous mobile solutions business in its AMC segment.
Solstice Advanced Materials US, Inc.
Solstice Advanced Materials Reports Third Quarter 2026 Results
Solstice Advanced Materials reported third quarter 2026 Net Sales of $1,046 million, up 8%, with Electronic Materials sales up 31%, and Net Income of $80 million compared with a Net Loss of $35 million a year earlier. The company raised full-year 2026 guidance to Net Sales of $4,195 - $4,220 million and Adjusted EBITDA of $1,050 - $1,060 million. It repurchased 1.7 million shares for $100 million in the quarter.
Otis Worldwide Corporation
Otis Receives Guinness World Records™ Title for Tallest Elevator at Tianjin 117
Otis said two of its SkyRise elevators at Tianjin 117 in China, rising 597.2 meters, received the Guinness World Records title for "Tallest Elevator in a Building." The company is supplying all 266 elevators and escalators for the 117-story tower, which is scheduled for completion by the end of 2027, and says the project has the most Otis double-deck elevators in any building.
Valens Semiconductor
Valens Semiconductor Introduces the VS6310 Chipset, Bringing Power-Efficient USB3 Extension Directly into Video Conferencing Devices
Valens Semiconductor introduced the VS6310, a USB3 extension chipset designed to be built into video conferencing peripherals such as e/PTZ cameras and touch controllers, with typical power consumption of less than 1 watt, according to the company. Samples are due in mid-November 2026 and mass production is scheduled for January 2027, giving AV device makers an option to embed extension instead of using separate extender boxes.
Artificial Intelligence Technology Solutions Inc.
AITX's RAD Earns Repeat Business as Global Logistics Client Orders Fourth ROAMEO
AITX said its subsidiary Robotic Assistance Devices received an order for a fourth ROAMEO autonomous security patrol vehicle from an unnamed longtime global logistics client, with deployment at another logistics center expected by the end of calendar year 2026. The company says the repeat order shows room to grow within existing enterprise accounts, though no financial terms were disclosed.
Alfa Laval
Alfa Laval to acquire NAVTOR AS to strengthen the digital offering for the maritime sector
Alfa Laval agreed to acquire Norway-based maritime software company NAVTOR AS for 700MUSD (6.85 BSEK) in cash, with closing expected during quarter 1, 2027, subject to regulatory approvals. NAVTOR, with an estimated 2026 turnover of approximately 194 MUSD, will join the Ocean Division and be consolidated with the StormGeo and PortChain platforms. Alfa Laval says the deal will be neutral to group margin in the short term.
Hanon Systems
Hanon Systems Announces Third Quarter 2026 Financial Results
Hanon Systems reported third quarter 2026 revenue of KRW 2.66 trillion, down 1.8% year-on-year, and operating profit of KRW 120.6 billion, up 26.6%, for an operating margin of 4.5%. The automotive thermal management supplier attributed the revenue decline to customer volume adjustments and exchange fluctuations. It said electrification rose to 33% of revenue and that it secured an initial aftermarket order from Inter Cars in Europe.
Accrete
Accrete Signs Data Agreement with TenderAlpha to Deepen Supply Chain Risk Insight for Federal Customers
Accrete signed an agreement with TenderAlpha to add government contracting and supply chain data to its Argus for Supply Chain Influence product for defense and civilian agency customers. The company says the data will give more insight into sub-tier suppliers, component-part sources and foreign ownership risks, supporting compliance with requirements including the NDAA. Customers are due to get access in early 2027.
This roundup is written with AI assistance from the press releases listed above, using only what they state. The releases are the companies' own announcements, not Times Beats reporting.