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Global corporate updates: Umicore, Bajaj, Quebecor, FactSet, and Evotec report results
Various global companies reported financial updates and leadership changes. Umicore is focusing on its CORE-2028 strategy, targeting recycling and advanced materials for a low-carbon economy, with a projected 2025 adjusted EBITDA of 847 million euros.
Bajaj Holdings scheduled a board meeting for November 3, 2026, to discuss quarterly and half-year results. The company reported a first-quarter net profit of 2,706.45 crore INR, a 22.70 percent decrease year-over-year, despite a 21.40 percent increase in revenue.
In Canada, Raymond James raised its price target for Quebecor to 75.00 CAD, upgrading its rating to Outperform. The company is scheduled to release its third-quarter 2026 results on November 5, 2026.
FactSet Research saw Stifel raise its price target to 292.00 USD while maintaining a Hold rating, citing increasing innovation and potential margin stabilization. For fiscal year 2026, FactSet reported revenue of 2.476 billion USD.
Evotec announced that Chief Scientific Officer Cord Dohrmann stepped down on September 30, 2026. The company is currently implementing a cost-saving program called Horizon and has revised its 2026 revenue guidance downward to between 570 and 610 million euros.
Entities
Corebridge Financial, Inc. · Euronext Brussels · Evotec · Lang & Schwarz · NYSE · Quebecor Inc. · Umicore
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] Umicore is focusing on its CORE-2028 strategy, which targets recycling and advanced materials for a low-carbon economy.
- [○ 1 SOURCE] Umicore projects an adjusted EBITDA margin of 24 percent for 2025.
- [○ 1 SOURCE] The projected net debt to adjusted EBITDA ratio for Umicore is 1.60.
- [○ 1 SOURCE] The average 12-month price target for Corebridge Financial is 37.42 dollars.
- [○ 1 SOURCE] Umicore projects an adjusted EBITDA of 847 million euros for 2025.
- [○ 1 SOURCE] Corebridge's adjusted operating income after taxes fell by 21 percent in the second quarter to 512 million dollars.
- [○ 1 SOURCE] Corebridge's central revenue sources increased by 5 percent to 1.6 billion dollars in the second quarter.
- [○ 1 SOURCE] Corebridge Financial will release its third-quarter report after market close on November 2, 2026.