North American Morning Briefing: Treasury Yields Jump After Fed's Rate Decision -2-

Agnico-Eagle Mines 2Q EPS $3.17; 2Q Net $1.6B; 2Q Adj EPS $3.05; 2Q Rev $3.8B

Alamos Gold 2Q Free Cash Flow $143.5M; 2Q Net Income $270.4M; 2Q Revenue $594.1M; FactSet Est. $593.6M; 2Q Adj Net Income $247.6M; 2Q Basic EPS $0.64; Reports 2Q Revenue of $594.1 Million, Compared With FactSet Estimates of $593.6 Million

Algoma Steel 2Q Adj EBITDA Margin 5.2%; 2Q Adj EBITDA CAD 13.8M; 2Q Pretax Loss CAD 94M; 2Q Revenue CAD 267.5M; FactSet Est. CAD 292M; 2Q Operating Loss CAD 134.2M; 2Q Loss/Shr CAD 0.88; 2Q Net Loss CAD 96M; 2Q Revenue Misses Estimates

Anglo American 1H Underlying Ebitda $4B; Raises Interim Dividend to $0.23 Vs $0.07; Analysts Saw Anglo American 1H Underlying Ebitda at $3.66B; 1H Rev $9.93B; 1H Oper Pft $2.46B; 1H Pretax Pft $2.27B; 1H Pre-Items, Pre-Tax Pft $2.49B; 1H Net Loss $858M; Sale of De Beers Advancing; 1H Net Loss Includes Hit From Write-Down of Steelmaking Coal Unit; Net Debt Decreased to $8.2B as of June 30; Integration Planning Well Advanced for Merger With Teck; On Track to Deliver Next Phase of Transformation; Sees Transformation on Track After Net Loss Narrows

Canfor 2Q Loss/Shr C$0.16; Global Softwood Pulp Markets Weakened Further Through 2Q; 2Q Sales C$1.52B

CareRx 2Q Adj EBITDA Margin 8.6%; 2Q EBITDA CAD 6.51M; 2Q Revenue CAD 93.6M; FactSet Est. CAD 94M; 2Q Net Income CAD 0.36M; 2Q Adj EBITDA CAD 8.02M; Reports 2Q Revenue of CAD 93.6 Million, Compared With FactSet Estimates of CAD 94 Million

CEMATRIX 2Q Adj EBITDA CAD 5M; 2Q Revenue CAD 18.7M; FactSet Est. CAD 11M (1 Est.); 2Q Revenue Beats Estimates

Champion Iron 1Q Iron-Ore Concentrate Output 3.9 Million Wet Tons, Up 12% On-Year; 1Q Concentrate Sales 3.3 Million Tons, Down 13% On-Year; 1Q Revenue C$356.9 Million, Down 8% On-Year; 1Q Cost of Sales C$288.8 Million, Down 8% On-Year; 1Q Gross Average Realized Selling Price US$115.2/Ton; 1Q C1 Cash Cost C$83.7/Ton; 1Q All-in Sustaining Cost C$111.3/Ton, Up 16% On-Year; Cash Balance C$198.6 million at June 30; 1Q Net Loss C$41.5 Million Vs C$23.8 Million Profit Year Earlier; 1Q Ebitda C$32.8 Million, Down 43% On-Year

Decisive Dividend 2Q Sales CAD 38.5M; FactSet Est. CAD 37.3M; 2Q Adj EBITDA CAD 5.37M; 2Q Gross Profit CAD 14.2M; 2Q Loss/Shr CAD 0.01; 2Q Net Loss CAD 0.31M; 2Q Sales Beat Estimates

DIRTT Environmental 2Q Net $1.06M; 2Q Rev $40.3M; 2Q EPS 1c; Cuts FY26 View To Rev $175M-$185M

Endeavour Silver 2Q EBITDA $110.9M; 2Q Revenue $212.1M; FactSet Est. $210.8M; 2Q Net Income $66.5M; 2Q Adj Net Income $44.8M; 2Q Adj EPS $0.15; FactSet Est. $0.15; 2Q Pretax Profit $79.5M; Reports 2Q Adj EPS of $0.15, Compared With FactSet Consensus of $0.15

Exco Technologies 3Q EBITDA CAD 18.5M; 3Q EPS CAD 0.15; 3Q Sales CAD 165.4M; FactSet Est. CAD 164.5M (1 Est.); 3Q Dividend CAD 0.105; 3Q Net Income CAD 5.8M; FY Outlook CAPEX CAD 20M; Reports 3Q Sales of CAD 165.4 Million, Compared With FactSet Consensus of CAD 164.5 Million (1 Est.)

First National Financial Corporation 2Q Net Income CAD 3.6M; Reports 2Q Net Income of CAD 3.6 Million

FLINT 2Q Revenue CAD 203.4M; 2Q Gross Margin 8.8%; 2Q EPS CAD 0.02; 2Q Gross Profit CAD 18M; Reports 2Q Revenue of CAD 203.4 Million

Genesis Land 2Q EPS C$0.08; 2Q Net C$4.24M; 2Q Rev C$71.7M;

GFL Environmental 2Q Revenue C$1.95B; 2Q Loss C$159.8M; Sees 2026 Rev $7.51B-$7.53B

IGM Financial 2Q EPS C$1.12; 2Q Adj EPS C$1.41; 2Q Net C$261.5M

K-Bro Linen Appoints John Lynch to Board

Kinross Gold 2Q Adj EPS 71c; 2Q Sales $2.24B; 2Q EPS 71c; 2Q Net $844.2M

Spartan Delta 2Q Oil & Gas Sales CAD 183.7M; Reports 2Q Oil & Gas Sales of CAD 183.7 Million

Timbercreek Financial 2Q Operating Income CAD 16M; 2Q EPS CAD 0.09; FactSet Est. CAD 0.15 (1 Est.); 2Q Adj EPS CAD 0.18; FactSet Est. CAD 0.15 (1 Est.); 2Q Adj EPS Beats Estimates

Tourmaline Oil 2Q EPS CAD 0.47; FactSet Est. CAD 0.78 (1 Est.); 2Q Cash Flow Per Share CAD 2.02; 2Q EPS Misses Estimates

Vermilion Energy 2Q Capex CAD 110M; 2Q Net Income CAD 134M; 2Q Free Cash Flow CAD 122M; Reports 2Q Net Income of CAD 134 Million

West Fraser Timber 2Q Sales $1.43B; FactSet Est. $1.45B; 2Q Loss/Shr $0.78; 2Q Net Loss $61M; 2Q Adj EBITDA $59M; 2Q Sales Under Estimates; 2Q Loss/Shr 78c; 2Q Sales $1.434B; Over Medium Term, Improvements in Housing Affordability Expected to Support New Home Construction and Repair and Renovation Activity That Generates Lumber, Plywood and OSB Demand; Over Longer Term, Growing Market Penetration of Mass Timber in Industrial and Comml Expected to Become More Significant Source of Demand Growth for Wood Building Products in N Amer; Anticipate Continued Improvement in Industry Demand Across Europe and the U.K. in the Near Term; In Longer Term, Expect Demand for European Products to Grow as Use of OSB as Alternative to Plywood and Timber Framing as Alternative to Brick and Block Construction for New Home Construction Expands

Whitecap Resources 2Q Net Income CAD 889.5M; 2Q Oil & Gas Revenue CAD 2.63B; Reports 2Q Oil & Gas Revenue of CAD 2.63 Billion; 2Q Rev C$2.63B; 2Q EPS C$0.73

Worley Awarded EPC Contract by Pembina For Heartland Extraction Plant

Expected Major Events for Thursday

00:30/JPN: Jun Detailed Import & Export Statistics

05:00/JPN: Jul Consumer Confidence Survey

05:30/FRA: Jun Household consumption expenditure in manufactured goods

05:30/FRA: 2Q GDP - first estimate

08:00/GER: 2Q GDP - 1st release

08:00/ITA: 2Q GDP preliminary estimate

08:00/GER: Jul Bavaria CPI

08:00/GER: Jul North Rhine Westphalia CPI

08:00/GER: Jul Saxony CPI

08:00/GER: Jul Hesse CPI

08:00/GER: Jul Baden-Wuerttemberg CPI

08:00/GER: Jul Brandenburg CPI

09:00/ITA: Jun Unemployment

10:00/ITA: Jun PPI

11:00/UK: Bank of England Monetary Policy Report

11:00/UK: UK interest rate decision

12:00/GER: Jul Provisional CPI

12:30/US: 2Q Advance estimate GDP

12:30/CAN: May Payroll employment, earnings and hours, and job vacancies

12:30/US: Jun Personal Income and Outlays

12:30/US: 07/25 Unemployment Insurance Weekly Claims Report - Initial Claims

12:30/US: U.S. Weekly Export Sales

13:00/RUS: Weekly International Reserves

14:30/US: 07/24 EIA Weekly Natural Gas Storage Report

20:30/US: Federal Discount Window Borrowings

20:30/US: Foreign Central Bank Holdings

23:30/JPN: Jul CPI (Tokyo), CPI ex-Food (Tokyo)

23:30/JPN: Jun Labour Force Survey

23:50/JPN: Jun Preliminary Retail Sales

23:50/JPN: Jun Preliminary Industrial Production

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Expected Earnings for Thursday

ADT Inc (ADT) is expected to report $0.21 for 2Q.

AO Smith Corp (AOS,X-SMCA) is expected to report $0.92 for 2Q.

Altria Group Inc (MO) is expected to report $1.50 for 2Q.

American Electric Power Co Inc (AEP) is expected to report $1.49 for 2Q.

Avery Dennison Corp (AVY) is expected to report $2.41 for 2Q.

Blackstone Mortgage Trust Inc - Class A (BXMT) is expected to report $0.27 for 2Q.

Brunswick Corp (BC) is expected to report $1.12 for 2Q.

CNX Resources Corp (CNX) is expected to report $0.56 for 2Q.

Civeo Corp (CVEO) is expected to report $-0.30 for 2Q.

Coastal Financial Corp (CCB) is expected to report $1.00 for 2Q.

Columbus McKinnon Corp (CMCO) is expected to report $-0.39 for 1Q.

Darling Ingredients Inc (DAR) is expected to report $1.39 for 2Q.

Donegal Group Inc - A Share (DGICA,DGICB) is expected to report $0.43 for 2Q.

Enterprise Products Partners LP (EPD) is expected to report $0.75 for 2Q.

FTI Consulting Inc (FCN) is expected to report $2.09 for 2Q.

Federal Signal Corp (FSS) is expected to report $1.29 for 2Q.

GATX Corp (GATX) is expected to report $2.46 for 2Q.

Group 1 Automotive Inc (GPI) is expected to report $10.53 for 2Q.

Heartland Express Inc (HTLD) is expected to report $-0.03 for 2Q.

Ivanhoe Mines Ltd (IVN.T) is expected to report $0.07 for 2Q.

Kite Realty Group Trust (KRG) is expected to report $0.12 for 2Q.

LKQ Corp (LKQ) is expected to report $0.59 for 2Q.

Labcorp Holdings Inc (LH) is expected to report for 2Q.

Leonardo DRS Inc (DRS) is expected to report $0.26 for 2Q.

Loblaw Cos Ltd (L.T,LBLCF) is expected to report $0.65 for 2Q.

Neogen Corp (NEOG) is expected to report $-0.09 for 4Q.

PHINIA Inc (PHIN) is expected to report $1.50 for 2Q.

RPC Inc (RES) is expected to report $0.04 for 2Q.

Republic Airways Holdings Inc (RJET) is expected to report for 2Q.

Saia Inc (SAIA) is expected to report $3.38 for 2Q.

Scorpio Tankers Inc (STNG) is expected to report $5.12 for 2Q.

Sonic Automotive Inc - Class A (SAH) is expected to report $1.79 for 2Q.

Steven Madden Ltd (SHOO) is expected to report $0.34 for 2Q.

SunCoke Energy Inc (SXC) is expected to report $0.08 for 2Q.

Tradeweb Markets Inc (TW) is expected to report $0.81 for 2Q.

TriMas Corp (TRS) is expected to report $0.48 for 2Q.

TriNet Group Inc (TNET) is expected to report $0.63 for 2Q.

Valero Energy Corp (VLO) is expected to report $10.06 for 2Q.

Virtu Financial Inc (VIRT) is expected to report $1.60 for 2Q.

Virtus Investment Partners Inc (VRTS) is expected to report $2.08 for 2Q.

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ANALYST RATINGS ACTIONS

AST SpaceMobile Raised to Sector Perform From Sector Underperform by Scotiabank

BJ's Wholesale Club Raised to Buy From Hold by Gordon Haskett

Brown & Brown Cut to Neutral From Buy by Citigroup

Caesars Entertainment Cut to Hold From Buy by TD Cowen

CarMax Raised to Neutral From Underweight by JP Morgan

Caterpillar Cut to Neutral From Outperform by Baird

Cheesecake Factory Cut to Hold From Buy by Jefferies

Cheesecake Factory Raised to Equal-Weight From Underweight by Morgan Stanley

CoStar Group Cut to Market Perform From Outperform by Keefe, Bruyette & Woods

(MORE TO FOLLOW) Dow Jones Newswires

July 30, 2026 06:06 ET (10:06 GMT)