Superior Group Adj EPS Doubles to $0.21, Xometry Marketplace Up 45%

For retail and e-commerce observers, Q2 earnings from Superior Group and Xometry offer a positive spin on discretionary spending: Superior Group's adjusted EPS bounced to $0.21, and Xometry's platform saw 45% growth as small businesses invested in custom parts, hinting at active product development cycles.

The second quarter of 2026 produced a clutch of earnings from industrial and utility companies that collectively signal accelerating demand, strategic repositioning, and a strong break toward shareholder returns. On August 4, 2026, five firms—Timken, Aptiv, Xometry, PSEG, and Superior Group of Companies—reported results for the three months ended June 30, with top-line growth in manufacturing, resilience in energy, and technology-driven marketplace expansion. The picture is not uniform: automotive and healthcare apparel segments face headwinds, while belts divestitures and impairments cloud net income. Yet the underlying operational strength, advancing AI platforms, and record grid performance offer a textured outlook for the second half.

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Despite that, net income plunged to $28.9 million, or $0.41 per share, dragged by a $100 million impairment tied to the planned sale of its belts business.

Timken delivered sales of $1.26 billion, up 7.5 percent from a year earlier, driven by higher volumes in both segments, pricing, and the Bijur Delimon acquisition. Organic sales rose 4.4 percent. Despite that, net income plunged to $28.9 million, or $0.41 per share, dragged by a $100 million impairment tied to the planned sale of its belts business. On an adjusted basis, the picture flipped: net income hit $128.4 million, or $1.83 per share—a 29 percent jump over the prior-year adjusted figure. Adjusted EBITDA reached $247.2 million, yielding a 19.6 percent margin. Management raised its 2026 outlook, citing momentum and a disciplined execution framework.

Xometry, the global AI-native marketplace for custom manufacturing, reported record marketplace revenue that accelerated to 45 percent year-over-year. CEO Sanjeev Singh Sahni pointed to product-led growth and improvements in proprietary AI models that drove strong buyer growth and larger wallet share in big accounts. Active buyers topped 60,000, and accounts with trailing twelve-month spend above $50,000 surged 44 percent to exceed 1,400. Adjusted EBITDA margin expanded by 380 basis points to 6.2 percent. The company ended the quarter with $517 million in cash and equivalents, thanks to a June equity offering, bolstering its balance sheet for further platform investment.

Aptiv, operating as “New Aptiv” after its transformation, posted revenue of $3.3 billion, a 2 percent gain overall but with stark geographic splits: North America climbed 10 percent, Asia Pacific 6 percent (including China up 5 percent), while EMEA contracted 8 percent and South America 4 percent. Non-automotive revenues grew double digits, and the company advanced from partnerships to commercial stage in robotics and landed a significant drone market win in early July. Net income from continuing operations rose to $298 million, a 9.1 percent margin, versus $265 million a year earlier. Chairman and CEO Kevin Clark emphasized capital returns: half of expected annual free cash flow has already been allocated to share buybacks, a pace expected to continue.

PSEG, the New Jersey utility, reported a second quarter defined by weather extremes and the payoff of reliability investments. On July 2, PSE&G hit a peak summer load of 10,446 MW, the highest in 14 years, and activated Demand Response during three separate heatwave events. A severe thunderstorm with 70 mph winds left 380,000 customers without power; nearly all were restored within 24 hours thanks to system hardening. Its Clean Energy Future programs now deliver more than $1 billion in annual customer savings, have engaged 525,000 residential and business customers since 2020, and supported roughly 9,300 jobs. The utility also filed to lower residential electric rates, underscoring the cost benefits of its efficiency investments.