filecrux
$XLB $DECK $HBM Materials, week of Oct 19: 19 companies had notable news (25 filings and releases).
🏢 Results led the week: 6 materials companies reported results, and 4 of those 8 filings were labelled good for holders, 2 bad and 2 mixed
✂️ Deckers, owner of HOKA and UGG shoes, cut its yearly sales outlook to $5.700B-$5.725B from $5.86B-$5.91B as both brands slow
⚠️ Its profit outlook rose to $7.80-$7.95 a share, but only thanks to about $0.52 of tariff refunds; without them it sits below July's $7.35-$7.50
✅ Copper miner Hudbay and Mitsubishi approved the $2.07B Copper World mine in Arizona; Hudbay owns 70% and expects to pay about $500M of it from 2028
🧾 Packaging maker Sonoco took an $829M non-cash goodwill charge (a write-down on old buyouts), swung to a $732M loss and cut its yearly adjusted profit target to $5.30-$5.50 a share
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