Manufacturing & Industrial · Week of Nov 2, 2026
Q3 results and portfolio moves: the week in manufacturing
Third-quarter results from Regal Rexnord, Solstice and Hanon Systems led a week that also brought a 700MUSD Alfa Laval software deal and product news.
Third-quarter earnings dominated the week. Regal Rexnord reported sales up 6% to $1,588 million but a GAAP net loss after a $119 million goodwill impairment, and said it is exploring the sale of its autonomous mobile solutions business. Solstice Advanced Materials, reporting its first third quarter since its spin-off from Honeywell, raised its full-year guidance on 8% sales growth. Hanon Systems said operating profit rose 26.6% even as revenue slipped 1.8%.
Portfolio moves and data were a second thread. Alfa Laval agreed to buy maritime software company NAVTOR AS for 700MUSD in cash to expand its digital fleet offering. Accrete signed a data agreement with TenderAlpha for federal supply chain risk analysis. Elsewhere, Otis received a Guinness World Records title at Tianjin 117, Valens Semiconductor introduced an embedded USB3 extension chipset, and AITX's RAD took 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 mainly tied to its autonomous mobile solutions business, which it says it is exploring selling. The company lowered GAAP EPS guidance to $3.76 to $4.06, raised Adjusted Diluted EPS guidance to $10.60 to $10.90, and reported Data Center sales up 307%.
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%, and Net Income of $80 million, with Electronic Materials sales up 31%. It raised full-year 2026 guidance to Net Sales of $4,195 - $4,220 million and Adjusted EBITDA of $1,050 - $1,060 million, and repurchased 1.7 million shares for $100 million.
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, rising 597.2 meters, received the Guinness World Records title for "Tallest Elevator in a Building." Otis is supplying all 266 elevators and escalators for the 117-story tower, which is scheduled for completion by the end of 2027, including 50 double-deck units that the company says is its most 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 the company says is less than 1 watt. Samples are due in mid-November 2026 and mass production in January 2027, giving AV device makers an alternative to 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 RAD 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 2026. No financial terms were disclosed, and the company says such repeat orders can build recurring monthly revenue.
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 in quarter 1, 2027, subject to regulatory approvals. NAVTOR, with an estimated 2026 turnover of about 194 MUSD, will join the Ocean Division and be consolidated with the StormGeo and PortChain platforms.
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%, which it attributes to customer volume adjustments and exchange fluctuations, while operating profit rose 26.6% to KRW 120.6 billion for a 4.5% margin. Electrification rose to 33% of revenue, and the company 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 to add TenderAlpha's 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 expand insight into sub-tier suppliers and foreign ownership risks to support NDAA compliance, with access starting 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 Company Agile reporting.