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Unisys Reaffirms Full-Year Guidance Amid Improved Profitability and Strong New Business Signings
BLUE BELL, Pennsylvania, May 9 -- Unisys, a technology solutions company, issued the following news release:* * *
Unisys Announces 1Q26 Results
Unisys Reaffirms Full-Year Guidance Amid Improved Profitability and Strong New Business Signings
* Revenue of $437.6 million, up 1.3% year over year (YoY), down 4.5% in constant currency(1)
* Excluding License and Support (Ex-L&S)(13) revenue of $372.1 million, up 3.1% YoY, down 2.9% in constant currency
* Gross profit margin of 25.7%, up 80 bps YoY; Ex-L&S gross profit margin of 19.5%, up 170 bps YoY
* Operating profit margin of 3.7%, improved ... Show Full Article BLUE BELL, Pennsylvania, May 9 -- Unisys, a technology solutions company, issued the following news release: * * * Unisys Announces 1Q26 Results Unisys Reaffirms Full-Year Guidance Amid Improved Profitability and Strong New Business Signings * Revenue of $437.6 million, up 1.3% year over year (YoY), down 4.5% in constant currency(1) * Excluding License and Support (Ex-L&S)(13) revenue of $372.1 million, up 3.1% YoY, down 2.9% in constant currency * Gross profit margin of 25.7%, up 80 bps YoY; Ex-L&S gross profit margin of 19.5%, up 170 bps YoY * Operating profit margin of 3.7%, improved250 bps YoY; non-GAAP operating profit(6) margin of 4.5%, improved 170 bps YoY
* New Business(5) Total Contract Value (TCV)(3) of $158 million, an increase of 45% YoY
* Unisys expands AI capabilities with key product releases for the ClearPath(R) Forward ecosystem
* Unisys reaffirms 2026 full-year guidance ranges for both constant currency revenue growth and non-GAAP operating profit margin
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Unisys Corporation (NYSE: UIS) reported financial results for the first quarter of 2026 (1Q26).
"We are off to a good start in 2026, with solid financial performance and double-digit growth in New Business signings in the first quarter," said Michael Thomson, Unisys CEO and President. "Our proven ability to move tangible AI use cases into production, with measurable results, is making Unisys more relevant to clients and alliance partners. We also released a number of ClearPath Forward products and tools that enable enterprise AI both on our platforms and external systems, reinforcing the long-term value proposition of the ClearPath Forward ecosystem."
Unisys Chief Financial Officer Deb McCann said, "We are pleased to reaffirm our full-year financial guidance ranges for both revenue and profitability. Our strong first quarter client signings reinforce our confidence in our revenue outlook. Consistent progress on delivery and operational efficiency initiatives improved our first quarter margins and keeps us on track to meet our free cash flow expectations."
Financial Highlights
Please refer to the accompanying financial tables for a reconciliation of the GAAP to non-GAAP measures presented, except for financial guidance since such a reconciliation is not practicable without unreasonable effort.
[View table in the link at bottom.]
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First Quarter 2026 Results
Revenue increased 1.3% YoY, down 4.5% in constant currency. Foreign currency fluctuations contributed a 6 percentage-point positive impact on revenue in the current period compared with the prior-year period, which was partially offset by the timing of software license renewals, and a 2.9% decline in Ex-L&S revenue in constant currency.
Gross profit margin improved 80 bps YoY. Ex-L&S gross profit margin increased 170 bps YoY, primarily driven by delivery improvement and labor cost savings initiatives in the Cloud, Applications & Infrastructure Solutions (CA&I) segment.
During the first quarter of 2026, a transaction within the company's United Kingdom business process outsourcing consolidated joint venture generated approximately $3 million of gross margin benefit, resulting in a positive impact on gross profit margin and Ex-L&S gross profit margin of 50 basis points and 70 basis points, respectively. This transaction is expected to generate approximately $12 million of gross margin benefit for 2026.
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Table: Financial Highlights by Segment
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First Quarter 2026 Segment Results
DWS revenue declined 0.3% YoY, down 6.5% in constant currency. Fluctuations in foreign currency contributed a 6 percentage-point positive impact on DWS revenue compared to the prior-year period. DWS gross profit margin was 13.5%, a decrease of 70 bps YoY. The decreases in revenue and gross profit margin were primarily driven by lower volume due to client attrition.
CA&I revenue increased 3.1% YoY, down 2.4% in constant currency. Fluctuations in foreign currency contributed a 5 percentage-point positive impact on CA&I revenue compared to the prior-year period. This positive impact was partially offset by reduced volume due to client attrition. CA&I gross profit margin was 21.8%, an increase of 230 bps YoY, primarily driven by delivery improvement and labor cost savings initiatives.
ECS revenue declined 2.9% YoY, down 8.4% in constant currency. Foreign currency fluctuations contributed a 5 percentage-point positive impact on ECS revenue in the current period compared with the prior-year period. ECS gross profit margin was 46.9%, a decrease of 80 bps YoY. The decreases in revenue and gross profit margin were primarily driven by the timing of software license renewals.
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Table: Balance Sheet and Cash Flows
The decrease in both free cash flow and pre-pension and postretirement free cash flow was primarily due to the timing of cash interest payment related to the 2031 Notes.
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Table: Other Metrics
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2026 Financial Guidance
The company reaffirms full-year 2026 revenue growth and profitability guidance:
[View table in the link at bottom.]
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Non-GAAP operating profit margin 9.0% to 11.0%
Constant currency revenue guidance translates to reported revenue growth of (3.5)% to (1.5)%, based on exchange rates as of April 30, 2026, and assumes L&S revenue of approximately $415 million and Ex-L&S constant currency revenue growth of (7.0)% to (4.5)%.
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Conference Call
Unisys will hold a conference call with the financial community on Wednesday, May 6, at 8 a.m. Eastern Time to discuss the results of the first quarter of 2026.
The live, listen-only webcast, as well as the accompanying presentation materials, can be accessed on the Unisys Investor Website at www.unisys.com/investor. In addition, domestic callers can dial 1-844-695-5518 and international callers can dial 1-412-902-6749 and provide the following conference passcode: Unisys Corporation Call.
A webcast replay will be available on the Unisys Investor Website shortly following the conference call. A replay will also be available by dialing 1-855-669-9658 for domestic callers or 1-412-317-0088 for international callers and entering access code 2479208 from two hours after the end of the call until May 20, 2026.
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(1) Constant currency - A significant amount of the company's revenue is derived from international operations. As a result, the company's revenue has been and will continue to be affected by changes in the U.S. dollar against major international currencies. The company refers to revenue growth rates in constant currency or on a constant currency basis so that the business results can be viewed without the impact of fluctuations in foreign currency exchange rates to facilitate comparisons of the company's business performance from one period to another. Constant currency is calculated by retranslating current and prior-period revenue at a consistent exchange rate rather than the actual exchange rates in effect during the respective periods.
(2) Backlog - Represents the estimated amount of future revenue to be recognized under contracted work, which has not yet been delivered or performed. The company believes that actual revenue reflects the most relevant measure necessary to understand the company's results of operations, but backlog can be a useful metric and indicator of the company's estimate of contracted revenue to be realized in the future, subject to certain inherent limitations. The timing of conversion of backlog to revenue may be impacted by, among other factors, the timing of execution, the extension, nullification or early termination of existing contracts with or without penalty, adjustments to estimates in pricing or volumes for previously included contracts, seasonality and foreign currency exchange rates. Investors are cautioned that backlog should not be relied upon as a substitute for, or considered in isolation from, measures in accordance with GAAP.
(3) Total Contract Value (TCV) - Represents the initial estimated revenue related to contracts signed in the period without regard for early termination or revenue recognition rules. Changes to contracts and scope are treated as TCV only to the extent of the incremental new value. New Business TCV represents TCV attributable to expansion and new scope for existing clients and new logo contracts. L&S TCV is driven by software license renewals, and as such, changes in timing or terms of renewals can lead to fluctuations from period to period. The company believes that actual revenue reflects the most relevant measure necessary to understand the company's results of operations, but TCV can be a useful leading indicator of the company's ability to generate future revenue over time, subject to certain inherent limitations. Measuring TCV involves the use of estimates and judgments and the extent and timing of conversion of TCV to revenue may be impacted by, among other factors, the types of services and solutions sold, contract duration, the pace of client spending, actual volumes of services delivered as compared to the volumes anticipated at the time of contract signing, and contract modifications, including, without limitation, contract nullification and termination, over the lifetime of a contract. Investors are cautioned that TCV should not be relied upon as a substitute for, or considered in isolation from, measures in accordance with GAAP.
(4) Book-to-bill - Represents total contract value booked divided by revenue in a given period.
(5) New Business - Represents expansion and new scope for existing clients and new logo contracts.
(6) Non-GAAP operating profit - This measure excludes pretax pension and postretirement expense, pretax goodwill impairment charge and pretax charges or gains associated with certain legal matters related to settlements, professional services and legal fees, including legal defense costs, associated with certain legal proceedings, and cost-reduction activities and other expenses.
(7) EBITDA & adjusted EBITDA - Earnings before interest, taxes, depreciation and amortization (EBITDA) is calculated by starting with net income (loss) attributable to Unisys Corporation common shareholders and adding or subtracting the following items: net income (loss) attributable to noncontrolling interests, interest expense (net of interest income), provision for (benefit from) income taxes, depreciation and amortization. Adjusted EBITDA further excludes pension and postretirement expense; goodwill impairment charge, foreign exchange (gains) losses, debt extinguishment, certain legal matters related to settlements, professional services and legal fees, including legal defense costs, associated with certain legal proceedings; environmental matters related to previously disposed businesses; costreduction activities and other expenses; non-cash share-based expense; and other (income) expense adjustments.
(8) Non-GAAP net income (loss) and non-GAAP diluted earnings (loss) per share - These measures exclude pension and postretirement expense and charges or (credits) in connection with goodwill impairment; foreign exchange (gains) losses, debt extinguishment, certain legal matters related to settlements, professional services and legal fees, including legal defense costs, associated with certain legal proceedings; environmental matters related to previously disposed businesses; and cost-reduction activities and other expenses. The tax amounts related to these items for the calculation of non-GAAP diluted earnings (loss) per share include the current and deferred tax expense and benefits recognized under GAAP for these items.
(9) Free cash flow - Represents cash flow from operations less capital expenditures.
(10) Pre-pension and postretirement free cash flow - Represents free cash flow before pension and postretirement contributions.
(11) Adjusted free cash flow - Represents free cash flow less cash used for pension and postretirement funding; debt extinguishment, certain legal matters related to settlements, professional services and legal fees, including legal defense costs, associated with certain legal proceedings; environmental matters related to previously disposed businesses; and cost-reduction activities and other payments.
(12) License and Support (L&S) - Represents software license and related support services, primarily ClearPath Forward(R), within the company's ECS segment.
(13) Excluding License and Support (Ex-L&S) - These measures exclude revenue, gross profit and gross profit margin in connection with software license and support services within the company's ECS segment. The company provides these measures to allow investors to isolate the impact of software license renewals, which tend to be significant and impactful based on timing, and related support services in order to evaluate the company's business outside of these areas.
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Forward-Looking Statements
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Unisys cautions readers that the assumptions forming the basis for forward-looking statements include many factors that are beyond Unisys' ability to control or estimate precisely, such as estimates of future market conditions, the behavior of other market participants and that TCV is based, in part, on the assumption that each of those contracts will continue for their full contracted term. Words such as "anticipates," "estimates," "expects," "projects," "may," "will," "intends," "plans," "believes," "should" and similar expressions may identify forward-looking statements and such forward-looking statements are made based upon management's current expectations, assumptions and beliefs as of this date concerning future developments and their potential effect upon Unisys. There can be no assurance that future developments will be in accordance with management's expectations, assumptions and beliefs or that the effect of future developments on Unisys will be those anticipated by management. Because actual results may differ materially from those expressed or implied by these forward-looking statements, we caution readers not to place undue reliance on these statements. Forward-looking statements in this release and the accompanying presentation include, but are not limited to, statements made in Mr. Thomson's and Ms. McCann's quotations, any projections or expectations of revenue growth, margin expansion, achievement of operational efficiencies and savings, effective use of technology, investments in our solutions and artificial intelligence adoption and innovation, TCV and Ex-L&S New Business TCV, the impact of new logo signings, backlog, book-to-bill(4), full-year 2026 revenue growth and profitability guidance, including constant currency revenue, Ex-L&S constant currency revenue growth, L&S revenue, non-GAAP operating profit margin, free cash flow generation and the assumptions and other expectations made in connection with our full-year 2026 financial guidance, the reduction of uncertainty and volatility of cash requirements, including pension contributions, our pension liability, debt extinguishment, future economic benefits from net operating losses and statements regarding future economic conditions or performance.
Additional information and factors that could cause actual results to differ materially from Unisys' expectations are contained in Unisys' filings with the U.S. Securities and Exchange Commission (SEC), including Unisys' Annual Reports on Form 10-K and subsequent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K, and other SEC filings, which are available at the SEC's web site, http://www.sec.gov. Information included in this release is representative as of the date of this release only, and any forward-looking statement speaks only as of the date on which that statement is made. While Unisys periodically reassesses material trends and uncertainties affecting Unisys' results of operations and financial condition in connection with its preparation of management's discussion and analysis of results of operations and financial condition contained in its Quarterly and Annual Reports filed with the SEC, Unisys does not, by including this statement, assume any obligation to review, revise or update any forward-looking statement in light of future events or circumstances, except as required by applicable law.
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Non-GAAP Information
This release includes certain non-GAAP financial measures that exclude certain items such as pension and postretirement expense; goodwill impairment charge, foreign exchange (gains) losses, debt extinguishment, certain legal and other matters related to professional services and legal fees, including legal defense costs, associated with certain legal proceedings; environmental matters related to previously disposed businesses; and cost-reduction activities and other expenses that the company believes are not indicative of its ongoing operations, as they may be unusual or nonrecurring. The inclusion of such items in financial measures can make the company's profitability and liquidity results difficult to compare to prior periods or anticipated future periods and can distort the visibility of trends associated with the company's ongoing performance. Management also believes that non-GAAP measures are useful to investors because they provide supplemental information about the company's financial performance and liquidity, as well as greater transparency into management's view and assessment of the company's ongoing operating performance.
Non-GAAP financial measures are often provided and utilized by the company's management, analysts, and investors to enhance comparability of year-over-year results. These items are uncertain, depend on various factors, and could have a material impact on the company's GAAP results for the applicable period. These measures should not be relied upon as substitutes for, or considered in isolation from, measures calculated in accordance with U.S. GAAP. A reconciliation of these non-GAAP financial measures to the most directly comparable financial measures calculated and reported in accordance with GAAP can be found below except for financial guidance and other forward-looking information since such a reconciliation is not practicable without unreasonable efforts as the company is unable to reasonably forecast certain amounts that are necessary for such reconciliation. This information has been provided pursuant to the requirements of SEC Regulation G.
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About Unisys
Unisys is a global technology solutions company that powers breakthroughs for the world's leading organizations. Our solutions - cloud, AI, digital workplace, applications and enterprise computing - help our clients challenge the status quo and unlock their full potential. To learn how we have been helping clients push what's possible for more than 150 years, visit unisys.com and follow us on LinkedIn.
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Unisys and other Unisys products and services mentioned herein, as well as their respective logos, are trademarks or registered trademarks of Unisys Corporation. Any other brand or product referenced herein is acknowledged to be a trademark or registered trademark of its respective holder.
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Original text: https://www.unisys.com/siteassets/investor-relations/earnings-files/2026/1q-2026-050526.pdf
[Category: BizComputer Technology]
Protecting APIs at Scale: Akamai Introduces Security Posture Center and Code-to-Runtime Mapping
CAMBRIDGE, Massachusetts, May 9 -- Akamai Technologies, a provider of content delivery network services, issued the following news release:* * *
Protecting APIs at Scale: Akamai Introduces Security Posture Center and Code-to-Runtime Mapping
New capabilities transform fragmented API findings into measurable security posture and connect runtime activity to code ownership to accelerate remediation
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Helping organizations understand and enforce API security posture at scale, Akamai (NASDAQ: AKAM) today introduced Security Posture Center and enhanced APIs-from-code capabilities. Together, these ... Show Full Article CAMBRIDGE, Massachusetts, May 9 -- Akamai Technologies, a provider of content delivery network services, issued the following news release: * * * Protecting APIs at Scale: Akamai Introduces Security Posture Center and Code-to-Runtime Mapping New capabilities transform fragmented API findings into measurable security posture and connect runtime activity to code ownership to accelerate remediation * Helping organizations understand and enforce API security posture at scale, Akamai (NASDAQ: AKAM) today introduced Security Posture Center and enhanced APIs-from-code capabilities. Together, theseinnovations translate fragmented API findings into business-aligned controls and link live API activity directly to source code ownership.
As APIs rapidly expand to power modern digital services and AI-driven applications, security teams struggle to move beyond alert-driven workflows and quantify their overall risk. Akamai addresses this challenge by providing a unified system of record for API risk across the development lifecycle, enabling teams to measure, prioritize, and improve security consistently.
Key elements of these new capabilities include:
* Security Posture Center: Rather than chasing individual alerts, teams can measure compliance with API security best practices across areas such as authentication, data protection, and API hygiene. By mapping findings into a structured set of controls, organizations gain a clear view of their security posture and can track progress toward a defined end state: full alignment with API security best practices.
* Code-to-runtime mapping: Akamai links APIs observed in live traffic to their specific repositories, code files, and last committers. This eliminates the need to manually trace ownership and provides developers with the context required to understand, reproduce, and remediate issues quickly, significantly reducing mean time to remediation (MTTR).
"API security has historically been driven by fragmented findings, making it difficult for organizations to understand their true security posture or measure progress," said Oz Golan, Vice President, API Security at Akamai. "Security Posture Center changes that by defining what 'secure' looks like through policy-based controls. At the same time, our ability to map any API directly to code directly closes a critical gap in the industry. By combining visibility across traffic, code, and configurations, Akamai helps organizations not only identify risk, but also act on it quickly and with confidence."
Together, these capabilities reinforce Akamai API Security as a vital tool for API security and risk management, providing comprehensive visibility across the API lifecycle -- from discovery and posture management to runtime protection and remediation. By aligning technical findings to enforceable controls and connecting them directly to development workflows, organizations can better govern API sprawl in the age of agentic AI, demonstrate compliance, and reduce risk without slowing innovation.
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About Akamai
Akamai is the cybersecurity and cloud computing company that powers and protects business online. Our market-leading security solutions, superior threat intelligence, and global operations team provide defense in depth to safeguard enterprise data and applications everywhere. Akamai's full-stack cloud computing solutions deliver performance and affordability on the world's most distributed platform. Global enterprises trust Akamai to provide the industry-leading reliability, scale, and expertise they need to grow their business with confidence.
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Original text: https://www.akamai.com/newsroom/press-release/protecting-apis-at-scale-akamai-introduces-security-posture-center-and-code-to-runtime-mapping
[Category BizComputer Technology]
Pillsbury Prevails in Winery Dispute After Five-Day Jury Trial
NEW YORK, May 9 -- Pillsbury, a law firm, issued the following news release:* * *
Pillsbury Prevails in Winery Dispute After Five-Day Jury Trial
Related Federal Court Victory Earns Trial Team Litigator of the Week Honors
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A team of Pillsbury lawyers led by Austin-based Litigation partner Casey Low prevailed in a five-day jury trial in favor of client Fred Schrader, the founder of the highly acclaimed Schrader Cellars winery, and the winery's current owner. A final judgment in the case was handed down on March 12, 2026, by the 157th District Court of Harris County in Texas. During the trial, ... Show Full Article NEW YORK, May 9 -- Pillsbury, a law firm, issued the following news release: * * * Pillsbury Prevails in Winery Dispute After Five-Day Jury Trial Related Federal Court Victory Earns Trial Team Litigator of the Week Honors * A team of Pillsbury lawyers led by Austin-based Litigation partner Casey Low prevailed in a five-day jury trial in favor of client Fred Schrader, the founder of the highly acclaimed Schrader Cellars winery, and the winery's current owner. A final judgment in the case was handed down on March 12, 2026, by the 157th District Court of Harris County in Texas. During the trial,the jury found for Schrader and the winery's current owner, confirming that the winery and its assets were properly acquired from Schrader and rejecting Houston lawyer Randy Roach's claims that he had an ownership stake.
The case was also litigated in a parallel bench trial in California, where U.S. Magistrate Judge Sallie Kim ruled in favor of Schrader Cellars. The Pillsbury team was subsequently recognized as "Litigators of the Week" by Law.com.
Schrader founded Schrader Cellars in 1998 to craft Cabernet Sauvignon with a single-minded focus on quality and provenance. After teaming up with renowned winemaker Thomas Brown in 2000, Schrader's wines achieved historic critical acclaim from famed critics Robert Parker (Wine Advocate), James Laube (Wine Spectator) and James Suckling. Since then, Schrader Cellars has been widely regarded as the preeminent producer of world-class Cabernet Sauvignons.
When Schrader retired in 2016, he sold Schrader Cellars. Roach filed his lawsuit more than a year after the sale, claiming that he and Schrader made a "handshake deal" in 2000 which, according to Roach, entitled him to an ownership interest in a specific wine bottled by Schrader Cellars called "Schrader RBS." After more than seven years of litigation, the Harris County jury deliberated for less than half a day before rejecting every one of Roach's claims. While Roach subsequently filed several motions seeking to overturn the jury's findings, the trial court entered judgment on the jury verdict in March.
"While defending against my former best friend and lawyer's absurd claims of ownership has been a long, expensive and stressful ordeal, I am grateful that the jury saw through his fiction and rejected his claims," Schrader said. "Finally, he will no longer be able to tarnish my legacy and I can enjoy retirement in peace."
The Pillsbury trial team included Low, Dillon Ferguson, Sarah Goetz and Alex Guerin.
"It has been our honor to represent such good people and professionals in Fred and the Schrader Cellars team," Low said. "While it is disconcerting that they had to endure years of litigation to defend against an attorney's claim to ownership in his former client's business based on an oral agreement, the jury's verdict confirms that justice prevails in the end."
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Original text here: https://www.pillsburylaw.com/en/news-and-insights/pillsbury-prevails-winery-dispute-five-day-jury-trial.html
[Category: BizLaw/Legal]
Motorola Solutions Reports First-Quarter 2026 Financial Results
SCHAUMBURG, Illinois, May 9 -- Motorola Solutions issued the following news release:* * *
Motorola Solutions Reports First-Quarter 2026 Financial Results
Company raises full-year revenue and earnings outlook driven by record Q1 orders and backlog
* Sales of $2.7 billion, up 7% versus a year ago
- Software and Services sales up 18%
- Products and Systems Integration sales up 1%
* GAAP earnings per share ("EPS") of $2.18
* Non-GAAP EPS* of $3.37
* Record Q1 ending backlog of $15.7 billion, up 11% versus a year ago
* Acquired Exacom and Hyper for a combined $90 million, net of cash acquired, ... Show Full Article SCHAUMBURG, Illinois, May 9 -- Motorola Solutions issued the following news release: * * * Motorola Solutions Reports First-Quarter 2026 Financial Results Company raises full-year revenue and earnings outlook driven by record Q1 orders and backlog * Sales of $2.7 billion, up 7% versus a year ago - Software and Services sales up 18% - Products and Systems Integration sales up 1% * GAAP earnings per share ("EPS") of $2.18 * Non-GAAP EPS* of $3.37 * Record Q1 ending backlog of $15.7 billion, up 11% versus a year ago * Acquired Exacom and Hyper for a combined $90 million, net of cash acquired,and entered into a definitive agreement to acquire Bell Canada's LMR networks services business
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Motorola Solutions, Inc. (NYSE: MSI) today reported its earnings results for the first quarter of 2026.
"Q1 was an outstanding start to the year, with strong sales and earnings," said Greg Brown, chairman and CEO, Motorola Solutions. "Our record first-quarter backlog was driven by robust, broad-based demand. As a result, we're raising both our revenue and earnings guidance for the full year 2026."
OTHER SELECTED FINANCIAL RESULTS
* Revenue - Sales were $2.7 billion, up 7% from the year-ago quarter driven primarily by growth in International. Revenue from acquisitions was $219 million and foreign currency tailwinds were $60 million in the quarter. The Products and Systems Integration segment grew 1% driven by growth in Video Security and Access Control ("Video"), partially offset by Mission Critical Networks ("MCN"). The Software and Services segment grew 18% driven by growth in MCN, Command Center and Video.
* Operating margin - GAAP operating margin was 19.3% of sales, down from 23.0% in the year-ago quarter primarily driven by an increase to the contingent Silvus earnout due to strong performance of the business and increased intangible amortization expense in the current quarter. Non-GAAP operating margin was 28.8% of sales, up 50 basis points from 28.3% in the year-ago quarter. The increase in non-GAAP operating margin was driven by higher sales and improved operating leverage, partially offset by higher supply chain costs.
* Taxes - The GAAP effective tax rate during the quarter was 16.6%, versus 21.0% in the year-ago quarter and the non-GAAP effective tax rate was 19.1%, versus 21.1% in the year-ago quarter, driven by higher benefits from share-based compensation recognized in the current quarter.
* Cash flow - Operating cash flow was $451 million, compared to $510 million in the year-ago quarter and free cash flow was $389 million, compared to $473 million in the year-ago quarter. Both the operating cash flow and free cash flow for the quarter decreased primarily due to increased investments in inventory and higher interest and tax payments, partially offset by higher earnings, net of non-cash charges.
* Capital allocation - During the quarter, the company paid $201 million in cash dividends, repurchased $118 million of common stock and invested $62 million in capital expenditures. The company closed the acquisitions of Exacom, a leading provider of cloud-native voice and multimedia recording and logging solutions for mission-critical communications, and Hyper, a leader in conversational, agentic AI designed to assist in handling non-emergency calls within public safety answering points (PSAPs), for a combined $90 million, net of cash acquired. The company also entered into a definitive agreement to acquire the LMR networks services business from Bell Canada for a purchase price of CAD $675 million, or approximately $500 million, subject to customary adjustments and a deferred net working capital settlement. The acquisition is expected to be completed in the fourth quarter of 2026.
Additionally, the company repaid $200 million of the $1.5 billion term loans issued to fund the Silvus acquisition, leaving a balance of $1.3 billion outstanding.
* Backlog - The company ended the quarter with record Q1 backlog of $15.7 billion, up 11% or $1.6 billion from the year-ago quarter driven by record Q1 orders. Products and Systems Integration segment backlog was up $255 million, or 7%, driven primarily by strong demand in Video and MCN. Software and Services segment backlog was up $1.3 billion, or 13%, driven by strong demand across all three technologies and favorable foreign currency impacts.
NOTABLE WINS AND ACHIEVEMENTS
Products and Systems Integration
* $148 million P25 device and SVX body-worn assistant orders for the U.S. Federal Government
* $78 million of Silvus orders for a German-based unmanned systems provider
* $16 million P25 device order for a U.S. state and local customer
* $14 million fixed video order for a large U.S. fitness company
* $10 million fixed video order for Duke Energy
Software and Services
* $41 million five-year P25 services renewal for the MN Department of Transportation
* $24 million Command Center order for Denver, CO
* $16 million Command Center order for Anne Arundel County, MD
* $10 million P25 services order for Paraiba, Brazil Department of Social Services
* $9 million mobile video order for a U.S. state and local customer
BUSINESS OUTLOOK
* Second quarter 2026 - The company expects revenue growth of approximately 8.5% compared to the second quarter of 2025 and non-GAAP EPS between $3.82 and $3.88 per share. This assumes approximately 168 million of fully diluted shares and a non-GAAP effective tax rate of approximately 23%.
* Full-year 2026 - The company now expects revenue of approximately $12.8 billion, up from its prior guidance of $12.7 billion and non-GAAP EPS between $16.87 and $16.99 per share, up from its prior guidance of between $16.70 and $16.85 per share. This outlook assumes approximately 168 million of fully diluted shares and a non-GAAP effective tax rate of approximately 22.5%.
The company has not quantitatively reconciled its guidance for forward-looking non-GAAP measurements in this news release to their most comparable GAAP measurements because the company does not provide specific guidance for the various reconciling items as certain items that impact these measurements have not occurred, are out of the company's control, or cannot be reasonably predicted. Accordingly, a reconciliation to the most comparable GAAP financial measurement is not available without unreasonable effort. Please note that the unavailable reconciling items could significantly impact the company's results.
RECENT EVENTS
MACROECONOMIC ENVIRONMENT UPDATE
Since February 2025, the U.S. has initiated a series of trade actions which imposed new tariffs and increased existing tariffs on goods imported from various countries, including tariffs levied under the International Emergency Economic Powers Act ("IEEPA"), contributing to a global trade landscape subject to evolving tariffs, import/export regulations, including restrictions around rare earth minerals, trade barriers and trade disputes.
On February 20, 2026, a U.S. Supreme Court ruling invalidated tariffs imposed under IEEPA; however, the ruling did not address potential refunds. Following the ruling, the Court of International Trade ("CIT") ordered U.S. Customs and Border Protection ("CBP") to facilitate refunds for all affected importers. On April 20, 2026, CBP launched Phase 1 of the Consolidated Administration and Processing of Entries ("CAPE") system to facilitate these refunds. As of April 4, 2026, the company had not recognized an asset related to any potential refund given the potential uncertainty in receiving refunds. The company plans to continue to evaluate new information as it becomes available, and recognize the refund when recovery is probable.
In addition, the company is experiencing higher costs for memory in its products which is a result of substantial demand in the market driven by AI. As a result, the company continues to observe elevated volatility and uncertainty around the global supply chain. The company engages with global suppliers across a diverse network of locations around the world. The company continues to work with its global supply base to mitigate its exposure to the risks from global reciprocal (and sectoral) tariffs, rising memory costs, and import/export regulations that have developed, and which may continue to develop, to ensure supply continues at levels necessary to meet its current customer demand. As a result of the dynamic supply chain environment, the company has experienced increased costs on materials and components, for which the company continues to develop mitigation actions going forward.
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CONFERENCE CALL AND WEBCAST Motorola Solutions will host its quarterly conference call beginning at 4 p.m. U.S. Central Time (5 p.m. U.S. Eastern Time) on Thursday, May 7. The conference call will be webcast live at www.motorolasolutions.com/investors. An archive of the webcast will be available for a limited period of time thereafter.
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USE OF NON-GAAP FINANCIAL INFORMATION
In addition to the results presented in accordance with accounting principles generally accepted in the U.S. ("GAAP") included in this news release, Motorola Solutions also has included non-GAAP measurements of results, including free cash flow, non-GAAP operating earnings, non-GAAP EPS, non-GAAP operating margin, non-GAAP net earnings attributable to MSI, non-GAAP tax rate, and organic revenue. The company has provided these non-GAAP measurements to help investors better understand its core operating performance, enhance comparisons of core operating performance from period-to-period and allow better comparisons of its operating performance to that of its competitors. Among other things, management uses these operating results, excluding the identified items, to evaluate the performance of its businesses and to evaluate results relative to certain incentive compensation targets. Management uses operating results excluding these items because it believes these measurements enable it to make better period-to-period evaluations of the financial performance of its core business operations. The non-GAAP measurements are intended only as a supplement to the comparable GAAP measurements and the company compensates for the limitations inherent in the use of non-GAAP measurements by using GAAP measures in conjunction with the non-GAAP measurements. As a result, investors should consider these non-GAAP measurements in addition to, and not in substitution for or as superior to, GAAP measurements.
Reconciliations: Details and reconciliations of such non-GAAP measurements to the corresponding GAAP measurements can be found at the end of this news release.
Free cash flow: Free cash flow represents net cash provided by operating activities less capital expenditures. The company believes that free cash flow is useful to investors as the basis for comparing its performance and coverage ratios with other companies in the company's industries, although the company's measure of free cash flow may not be directly comparable to similar measures used by other companies. This measure is also used as a component of incentive compensation.
Organic Revenue: Organic revenue reflects net sales calculated under GAAP excluding net sales from acquired business owned for less than four full quarters. The company believes organic revenue provides useful information for evaluating the periodic growth of the business on a consistent basis and provides for a meaningful period-to-period comparison and analysis of trends in the business.
Non-GAAP operating earnings, non-GAAP EPS, non-GAAP operating margin and non-GAAP net earnings attributable to MSI each excludes highlighted items, including share-based compensation expenses and intangible assets amortization expense, as follows:
Highlighted items: The company has excluded the effects of highlighted items including, but not limited to, acquisition-related transaction fees, tangible and intangible asset impairments, reorganization of business charges, certain non-cash pension adjustments, legal settlements and other contingencies, gains and losses on investments and businesses, Hytera-related legal expenses, gains and losses on the extinguishment of debt, adjustments to contingent earnout, and the income tax effects of significant tax matters, from its non-GAAP operating expenses and net income measurements because the company believes that these historical items do not reflect expected future operating earnings or expenses and do not contribute to a meaningful evaluation of the company's current operating performance or comparisons to the company's past operating performance. For the purposes of management's internal analysis over operating performance, the company uses financial statements that exclude highlighted items, as these charges do not contribute to a meaningful evaluation of the company's current operating performance or comparisons to the company's past operating performance.
Hytera-Related Legal Expenses: In 2017, the company filed a complaint against Hytera Communications Corporation Limited of Shenzhen, China; Hytera America, Inc.; and Hytera Communications America (West), Inc. (collectively, "Hytera"), in the U.S. District Court for Northern District of Illinois (the "District Court"), alleging trade secret theft and copyright infringement, and seeking injunctive relief. In 2020, a jury decided in the company's favor, ultimately resulting in an award to the company of $543.7 million, plus $51.1 million in pre-judgment interest and $2.6 million in costs, as well as $34.2 million in attorneys' fees.
In 2024, after both parties appealed to the U.S. Court of Appeals for the Seventh Circuit (the "Court of Appeals"), the Court of Appeals, among other items, affirmed the District Court's award of $407.4 million in damages under the Defend Trade Secrets Act, and directed the District Court to recalculate and reduce its award of $136.3 million in copyright infringement damages, which remains subject to ruling by the District Court. As of April 4, 2026, as a result of this civil litigation and 2020 bankruptcy proceedings by Hytera America, Inc. and Hytera Communications America (West), Inc., Hytera had paid over $212 million against this award, $40 million of which was paid in the first quarter of 2026. Net of withholding taxes, the company has received over $192 million as of April 4, 2026, $36 million of which was received in the first quarter of 2026. These payments were recorded as a gain within Other charges within the Consolidated Statement of Operations.
Further, in 2022, the District Court ordered Hytera to pay the company a forward-looking reasonable royalty on Hytera's products ("I-Series") that use the company's stolen trade secrets, applicable to I-Series products sold from July 1, 2019 forward. In 2024, the company received royalties of $61 million related to the I-Series products, which was recorded as a gain within Other charges within the Consolidated Statement of Operations. Beginning in 2025, a favorable ruling in a related legal proceeding in the District Court (which Hytera has subsequently appealed to the Court of Appeals) also ordered Hytera to pay the company for Hytera's continued use of the company's trade secrets and copyrighted source code in Hytera's currently shipping products ("H-Series"), and Hytera has subsequently reported approximately $110 million in royalties subject to the Court's order. While several aspects of the court proceedings related to both the I-Series and H-Series are subject to appeal, the company continues to seek collection of the amounts owed by Hytera through the ongoing legal process.
Management typically considers legal expenses associated with defending the company's intellectual property as "normal and recurring." Since 2020, the company has believed that Hytera-related legal expenses have not been part of its "normal and recurring" legal expenses incurred to operate its business and has accordingly excluded such expenses from its GAAP operating Income. In addition, as any contingent or actual gains associated with the Hytera litigation are recognized, they will be similarly excluded from the company's non-GAAP operating income, consistent with the company's treatment of the approximately $15 million realized in 2022, $61 million realized in 2024, $157 million realized in 2025, and $40 million realized in the first quarter of 2026. The company believes after the jury award, the presentation of excluding both Hytera-related legal expenses and gains related to awards better aligns with how management evaluates the company's ongoing underlying business performance.
Share-based compensation expenses: The company has excluded share-based compensation expense from its non-GAAP operating expenses and net income measurements. Although share-based compensation is a key incentive offered to the company's employees and the company believes such compensation contributed to the revenue earned during the periods presented and also believes it will contribute to the generation of future period revenues, the company continues to evaluate its performance excluding share-based compensation expense primarily because it represents a significant non-cash expense. Share-based compensation expense will recur in future periods.
Intangible assets amortization expense: The company has excluded intangible assets amortization expense from its non-GAAP operating expenses and net earnings measurements primarily because it represents a non-cash expense and because the company evaluates its performance excluding intangible assets amortization expense. Amortization of intangible assets is consistent in amount and frequency but is significantly affected by the timing and size of the company's acquisitions. Investors should note that the use of intangible assets contributed to the company's revenues earned during the periods presented and will contribute to the company's future period revenues as well. Intangible assets amortization expense will recur in future periods.
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FORWARD LOOKING STATEMENTS
This news release contains "forward-looking statements" within the meaning of applicable federal securities law. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and generally include words such as "believes," "expects," "intends," "anticipates," "estimates" and similar expressions. The company can give no assurance that any actual or future results or events discussed in these statements will be achieved. Any forward-looking statements represent the company's views only as of today and should not be relied upon as representing the company's views as of any subsequent date. Readers are cautioned that such forward-looking statements are subject to a variety of risks and uncertainties that could cause the company's actual results to differ materially from the statements contained in this release. Such forward-looking statements include, but are not limited to, the expected timing of Motorola Solutions' acquisition of the LMR networks services business from Bell Canada; Motorola Solutions' financial outlook for the second quarter and full-year of 2026; the impact of the U.S. Supreme Court ruling that invalidated tariffs imposed under the IEEPA on our business, and our actions in response thereto; and the impact of changes in the global trade environment, the dynamic supply chain environment and the memory market on our business, and our actions in response thereto. Motorola Solutions cautions the reader that the risks and uncertainties below, as well as those in Part I Item 1A of Motorola Solutions' 2025 Annual Report on Form 10-K and in its other SEC filings available for free on the SEC's website at www.sec.gov and on Motorola Solutions' website at www.motorolasolutions.com/investors, could cause Motorola Solutions' actual results to differ materially from those estimated or predicted in the forward-looking statements. Many of these risks and uncertainties cannot be controlled by Motorola Solutions, and factors that may impact forward-looking statements include, but are not limited to: (i) impact of current global economic and political conditions in the markets in which the company operates; (ii) increased areas of risk, increased competition and additional compliance obligations associated with the introduction of new or enhanced products and services in our segments; (iii) challenges relating to the use of artificial intelligence ("AI") in our products and services; (iv) impact of catastrophic events on our business or our customers' or suppliers' business; (v) the effectiveness of our strategic acquisitions, including the integrations of such acquired businesses; (vi) the inability of our products to meet our customers' expectations or regulatory or industry standards, or actual or perceived systems or service failures of our products and services; (vii) our inability to purchase a sufficient amount of materials, parts, and components, as well as software and services, at acceptable prices to meet the demands of our customers, and any disruption to our suppliers or significant increase in the price of supplies; (viii) risks related to our large, multi-year system and services contracts; (ix) the global nature of our employees, customers, suppliers and outsource partners; (x) our use of third-parties to develop, design and/or manufacture many of our components and some of our products, and to perform portions of our business operations; (xi) the inability of our subcontractors to perform in a timely and compliant manner or adhere to our Human Rights Policy; (xii) inability to attract and retain senior management and key employees; (xiii) evolving and sometimes conflicting expectations from investors, customers, lawmakers, regulators and other stakeholders regarding social and sustainability considerations and disclosures; (xiv) challenges relating to existing or future legislation and regulations pertaining to AI, AI-enabled products and the use of biometrics and other video analytics; (xv) the impact, including increased costs and potential liabilities, associated with changes in laws and regulations regarding cybersecurity, privacy, data protection, data sovereignty and information security; (xvi) the impact of government regulation of radio frequencies; (xvii) regulations, laws and other compliance requirements and risks applicable to our U.S. government customer contracts and grants; (xviii) the impact, including increased costs and additional compliance obligations, associated with existing or future telecommunications-related laws and regulations; (xix) impact of product regulatory and safety, consumer, worker safety and environmental product compliance and remediation laws; (xx) impact of tax matters; (xxi) increased cybersecurity threats, a security breach or other significant disruption of our IT systems or those of our outsource partners, suppliers or customers; (xxii) our inability to protect our intellectual property or potential infringement of intellectual property rights of third parties; (xxiii) risks relating to intellectual property licenses and intellectual property indemnities in our customer and supplier contracts; (xxiv) our license of the MOTOROLA, MOTO, MOTOROLA SOLUTIONS and the Stylized M logo and all derivatives and formatives thereof from Motorola Trademark Holdings, LLC; (xxv) inability to access the capital markets for financing on acceptable terms and conditions; (xxvi) exposure to exchange rate fluctuations on cross-border transactions and the translation of local currency results into U.S. dollars; (xxvii) impact of returns on pension and retirement plan assets and interest rate changes; and (xxviii) the return of capital to shareholders through dividends and/or repurchasing shares. Motorola Solutions undertakes no obligation to publicly update any forward-looking statement or risk factor, whether as a result of new information, future events or otherwise.
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About Motorola Solutions | Solving for safer
Safety and security are at the heart of everything we do at Motorola Solutions. We build and connect technologies to help protect people, property and places. Our solutions foster the collaboration that's critical for safer communities, safer schools, safer hospitals, safer businesses, and ultimately, safer nations.
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Original text: https://www.motorolasolutions.com/newsroom/press-releases/motorola-solutions-reports-q1-2026-financial-results.html
[Category: BizTelecommunications]
MassMutual Foundation Honors Dedication of Financial Professionals With $275,000 in Donations to Nonprofit Organizations
SPRINGFIELD, Massachusetts, May 9 --The MassMutual Foundation issued the following news release:* * *
MassMutual Foundation honors dedication of financial professionals with $275,000 in donations to nonprofit organizations
The MassMutual Foundation has awarded $275,000 to eligible nonprofit organizations through its annual Community Service Award (CSA) program. These charitable contributions - which include two $25,000 awards, fifteen $10,000 awards, and fifteen $5,000 awards - are given in honor of MassMutual affiliated financial professionals who demonstrate outstanding commitment to nonprofit ... Show Full Article SPRINGFIELD, Massachusetts, May 9 --The MassMutual Foundation issued the following news release: * * * MassMutual Foundation honors dedication of financial professionals with $275,000 in donations to nonprofit organizations The MassMutual Foundation has awarded $275,000 to eligible nonprofit organizations through its annual Community Service Award (CSA) program. These charitable contributions - which include two $25,000 awards, fifteen $10,000 awards, and fifteen $5,000 awards - are given in honor of MassMutual affiliated financial professionals who demonstrate outstanding commitment to nonprofitorganizations in their local communities.
This year's CSA awards also coincide with MassMutual's 175th anniversary. Now in its 29th year, the CSA program is an integral part of the company's commitment to service and reinforces its goal of making the communities where its affiliated financial professionals live and work stronger and more financially resilient.
"As we celebrate MassMutual's 175th anniversary, we're proud to support our affiliated financial professionals whose commitment to service have helped reinforce MassMutual's legacy as a community leader," said Dennis Duquette, Head of Community Responsibility and President of the MassMutual Foundation. "We're proud to recognize these individuals who are making a difference in their communities and truly demonstrating what it means to live mutual through their volunteer efforts and dedication to the causes most meaningful to them."
This year's two $25,000 CSA "Platinum" donations are being awarded to Making Memories That Last Forever in honor of Joseph DiLeo with Vision Financial Group and Jaxon in Action in honor of Justin Podbielski with Barnum Financial Group
Making Memories That Last Forever provides funds to help pediatric patients and their families create special moments while battling major illnesses and health hurdles. By collaborating with regional hospitals and healthcare systems across Buffalo, Rochester, and Syracuse, NY, Making Memories identifies patients fighting pediatric cancer, living with disabilities, or facing other serious life-threatening conditions and seeks to create unique, memorable experiences for them.
Jaxon in Action is named after Justin Podbielski's son Jaxon who passed away unexpectedly at just five-years-old. Jaxon in Action honors Jaxon's legacy by supporting the causes he loved the most - protecting the planet, animal welfare, and making the world a better place for everyone, but particularly for young children. Jaxon in Action brings Jaxon's light, compassion, and empathy to the places needing them the most.
Additional CSA donations have been awarded to the following nonprofit organizations on behalf of the referenced MassMutual affiliated financial professionals:
$10,000 Community Service Award Recipients
Financial Professional ... Nonprofit Organization ... Office Location
Tom Bell ... Community Transformation Partners Inc. ... Fort Lauderdale, FL
Jim Boyd ... Bringing Hope Home Inc. ... Radnor, PA
Adam Bukowski ... DuPage Senior Citizens Council ... Indianapolis, IN
Andrew Cardile ... Breakthrough T1D ... Radnor, PA
Scott Eckart ... Friends of Zionsville Swimming Inc. ... Indianapolis, IN
Sahand Elmtalab ... Folds of Honor Foundation - Minnesota Inc. ... Minneapolis, MN
Paul Fox ... Cleveland-Northern Ireland International Basketball Academy ... Cleveland, OH
Joseph Jeffers ... Kiwanis Club of Round Rock ... Round Rock, TX
Joseph Kahan ... Chesed Volunteers of Williamsburg Inc. ... Brooklyn, NY
Chloe McKee ... Type One Inc. ... Boston, MA
$5,000 Community Service Award Recipients
Financial Professional ... Nonprofit Organization ... Office Location
Daniel Blake ... The NativityMiguel Middle School of Buffalo ... Buffalo, NY
Adam Bykowski ... Scranton Area Foundation Inc. ... Scranton, PA
Joseph Eppy ... Oakstone Academy Palm Beach ... Fort Lauderdale, FL
Joseph Feldmeier ... Highland Friendship Club ... St. Paul, MN
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About the Community Service Awards
Since 1997, the MassMutual Foundation's Community Service Awards program has supported organizations across the country by recognizing the volunteer leadership of MassMutual's affiliated financial professionals. As of 2026, the program has funded 485 community-based donations totaling more than $4.5 million, reinforcing MassMutual's long-standing commitment to strengthening communities nationwide.
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About the MassMutual Foundation
The MassMutual Foundation, Inc. is a dedicated corporate foundation established by Massachusetts Mutual Life Insurance Company (MassMutual). The MassMutual Foundation fuels initiatives that increase financial resilience within communities served by the company and fosters a culture of community engagement for MassMutual's employees as well as affiliated financial professionals. In support of this mission, the Foundation invests in programs that help people access resources needed to earn, protect, and help build their financial capability and thrive. The Foundation also supports community vitality efforts where MassMutual operates. To learn more about the MassMutual Foundation, please visit www.massmutual.com/foundation.
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Original text here: https://www.massmutual.com/about-us/news-and-press-releases/press-releases/2026/05/massmutual-foundation-honors-dedication-of-financial-professionals-with-275000-in-donations
[Category: BizInsurance]
Duke Energy Florida Celebrates FAMU Partnership, Highlights Customer Savings During Rattler Renewable Energy Center Unveiling in Hernando County
CHARLOTTE, North Carolina, May 9 -- Duke Energy issued the following news release on May 8, 2026:* * *
Duke Energy Florida celebrates FAMU partnership, highlights customer savings during Rattler Renewable Energy Center unveiling in Hernando County
* The solar energy site is located on land that Duke Energy Florida leases through an agreement with Florida A&M University
* Customers will save an estimated $250 million over the site's operational lifetime
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BROOKSVILLE, Fla. - Today, Duke Energy Florida held a ribbon cutting ceremony to officially unveil the Rattler Renewable Energy Center ... Show Full Article CHARLOTTE, North Carolina, May 9 -- Duke Energy issued the following news release on May 8, 2026: * * * Duke Energy Florida celebrates FAMU partnership, highlights customer savings during Rattler Renewable Energy Center unveiling in Hernando County * The solar energy site is located on land that Duke Energy Florida leases through an agreement with Florida A&M University * Customers will save an estimated $250 million over the site's operational lifetime * BROOKSVILLE, Fla. - Today, Duke Energy Florida held a ribbon cutting ceremony to officially unveil the Rattler Renewable Energy Centerin Hernando County.
The 74.9-megawatt solar energy site is located on 800 acres leased to Duke Energy Florida by Florida A&M University (FAMU). The event celebrated this partnership with FAMU and ongoing collaboration with the local community.
Speakers also highlighted the many benefits of the site, including an estimated $250 million in savings for Duke Energy Florida customers over its operational lifetime. Learn more here and read about the company's plans for solar energy expansion here.
Our view:
* Duke Energy Florida state president Melissa Seixas: "We appreciate our partnership with FAMU and meaningful collaboration with Hernando County and others. It allowed us to establish another cost-effective solar energy site for our customers. The addition of Rattler to our solar portfolio helps ensure we can continue providing each and every customer with safe, reliable power - at the lowest possible price."
* FAMU president Marva Johnson: "Florida A&M University was built on a mandate to serve - to educate, to discover, and to deliver practical solutions that improve lives. The Rattler Solar Center is a living expression of that mandate. It demonstrates that our land can continue to support agriculture while also powering innovation that benefits our students, our neighbors, and our state. This is what responsible stewardship looks like - using what we have wisely, building partnerships grounded in shared purpose, and creating infrastructure that will serve this institution for generations. We are proud to stand with Duke Energy as a partner in that work, and we are grateful for a relationship built on trust, accountability, and a genuine commitment to FAMU's future."
Positive response:
* Congressman Gus Bilirakis: "Partnerships like this between Duke Energy Florida and Florida A&M University demonstrate how collaboration can deliver real results for consumers. By working together, they are helping expand reliable energy while generating significant long-term savings for Florida families and businesses."
* Hernando County administrator Jeff Rogers: "We appreciate the partnership between Duke Energy and FAMU in investing in our community for safe, reliable, cost-effective power generation while enhancing the outstanding agricultural research FAMU is performing in our county."
* Greater Hernando County Chamber CEO Ashley Hofecker: "This project represents what is possible when higher education, industry and community partners work together with a shared vision. Investments like this strengthen our regional infrastructure, support innovation, and create long-term economic and environmental benefits for our community."
A meaningful connection:
During the ceremony, attendees heard from Dr. Bennie Floyd-Peoples. She is the sister of Ethel Peoples, who earned a scholarship from Florida Power, Duke Energy Florida's legacy company, through an essay contest in 1961. Ms. Floyd's essay, titled "My Community's Future," was in competition with 900 other entries from students representing 31 high schools in the state. She used the scholarship to fund her education at FAMU - where all four of her siblings, including Dr. Floyd-Peoples, attended as well.
* Dr. Bennie Floyd-Peoples: "My family has a strong belief in education...After my sister received this scholarship, my parents breathed a sigh of relief - they had three children in college at the same time...My sister's scholarship catapulted us and made it possible for the other three of us to get an education at FAMU."
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Duke Energy Florida
Duke Energy Florida, a subsidiary of Duke Energy, owns 12,500 megawatts of energy capacity, supplying electricity to 2 million residential, commercial and industrial customers across a 13,000-square-mile service area in Florida.
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Duke Energy
Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of America's largest energy holding companies. The company's electric utilities serve 8.7 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 55,700 megawatts of energy capacity. Its natural gas utilities serve 1.6 million customers in North Carolina, South Carolina, Ohio and Kentucky.
Duke Energy is executing an energy modernization strategy, keeping customer value at the forefront as it invests in electric grid upgrades and efficient generation resources to strengthen the system and serve growing energy needs.
More information is available at duke-energy.com. Follow Duke Energy on X, LinkedIn, Instagram, TikTok and Facebook for stories about the people and innovations powering its communities.
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Original text here: https://news.duke-energy.com/releases/duke-energy-florida-celebrates-famu-partnership-highlights-customer-savings-during-rattler-renewable-energy-center-unveiling-in-hernando-county
[Category: BizEnergy]
BMJ Group: Review Finds No Direct Link Between Aluminium Adjuvanted Vaccines and Serious or Long Term Health Conditions
LONDON, England, May 9 (TNSjou) -- BMJ Group issued the following news release about The BMJ:* * *
Review finds no direct link between aluminium adjuvanted vaccines and serious or long term health conditions
Findings align with existing safety data, supporting continued use of aluminium-adjuvanted vaccines in immunisation programmes.
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Current evidence does not support direct (causal) associations between aluminium adjuvanted vaccines and serious or long term health outcomes, including autism, diabetes and asthma, finds a review of the latest data published by The BMJ today.
Small amounts ... Show Full Article LONDON, England, May 9 (TNSjou) -- BMJ Group issued the following news release about The BMJ: * * * Review finds no direct link between aluminium adjuvanted vaccines and serious or long term health conditions Findings align with existing safety data, supporting continued use of aluminium-adjuvanted vaccines in immunisation programmes. * Current evidence does not support direct (causal) associations between aluminium adjuvanted vaccines and serious or long term health outcomes, including autism, diabetes and asthma, finds a review of the latest data published by The BMJ today. Small amountsof aluminium salts (adjuvants) are commonly used in vaccines against diphtheria, tetanus, pertussis (whooping cough), hepatitis, HPV, and meningitis to make them more effective and longer-lasting. Yet, despite a decades-long safety record, questions about potential long term effects continue to arise in scientific and public settings.
To address this, researchers searched scientific databases to identify randomised controlled trials and observational studies published up to 27 November 2025 that assessed health outcomes after exposure to aluminium adjuvants included in vaccines.
They found 59 eligible studies that investigated a range of outcomes including autism, asthma, headache, muscle pain (myalgia), and skin reactions (nodules and granulomas) at the injection site. Studies of investigational vaccines were excluded, as their findings are not directly applicable to existing immunisation programmes.
The studies were of varying quality, but the researchers were able to assess their risk of bias and certainty of evidence using established tools.
High quality evidence from randomised controlled trials and large observational studies consistently showed no association between aluminium-adjuvanted vaccines and health outcomes including autism, type 1 diabetes, asthma, and myalgia.
Although some case series and one cohort study reported a rare muscle disease (macrophagic myofasciitis or MMF) in some people who had biopsies for musculoskeletal symptoms after vaccination, these studies were generally small and at serious or critical risk of bias, so did not provide credible evidence of a causal association.
The most consistently documented reactions were persistent nodules or granulomas at the injection site, but they were uncommon, local, and self-limited.
The researchers acknowledge various limitations to their findings, such as evidence on specific vaccine components is sparse compared with whole vaccine research, with a high proportion of methodologically weak studies, predominantly from high income countries.
However, they say: "Current evidence does not support causal associations between aluminium adjuvanted vaccines and serious or long term health outcomes. These findings are consistent with the broader post-licensure safety evidence base, which supports continued use of aluminium adjuvanted vaccines in immunisation programmes."
"Taken together, the convergent findings of higher quality studies provide a meaningful evidence base to inform public health decision making on aluminium adjuvanted vaccines," they add.
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Notes for editors
Research: Aluminium adjuvants in vaccines and potential health effects: systematic review doi: 10.1136/bmj-2025-088921 (https://www.bmj.com/content/393/bmj-2025-088921)
External funding: Public Health Agency of Canada
Link to Academy of Medical Sciences press release labelling system: http://press.psprings.co.uk/AMSlabels.pdf
Externally peer reviewed? Yes
Evidence type: Systematic review
Subjects: People
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Original text here: https://bmjgroup.com/review-finds-no-direct-link-between-aluminium-adjuvanted-vaccines-and-serious-or-long-term-health-conditions/
[Category: BizMedia]