Manufacturing & Industrial · Week of Nov 2, 2026
Q3 results and capital returns lead the industrial week
Third-quarter results, capital returns and debt moves led the week, alongside product launches from Gates and Valens and an Otis elevator record.
Financial disclosures dominated the week. Regal Rexnord reported third quarter sales of $1,588 million and a GAAP net loss of $12 million after a $119 million goodwill impairment, and said it is exploring the sale of its autonomous mobile solutions business. Solstice Advanced Materials reported Net Sales of $1,046 million, up 8%, and raised its full-year guidance. Several companies also moved capital: Solstice repurchased shares and declared a dividend, Smart Sand declared a special dividend, and Dana launched tender offers for two series of senior notes.
On the product and technology side, Gates launched a synchronous belt meant to replace roller-chain drives, and Valens Semiconductor introduced a USB3 extension chipset for video conferencing peripherals. Velo3D disclosed a five-year research agreement with Sandia National Laboratories on metal additive manufacturing. Otis said two of its elevators at Tianjin 117 received a Guinness World Records title.
Regal Rexnord Corporation
REGAL REXNORD REPORTS THIRD QUARTER 2026 FINANCIAL RESULTS
Regal Rexnord reported third quarter 2026 sales of $1,588 million, up 6%, and a GAAP net loss of $12 million that included a $119 million goodwill impairment mainly tied to its autonomous mobile solutions business, which it is now exploring selling. The company lowered and narrowed 2026 GAAP EPS guidance to $3.76 to $4.06, raised Adjusted Diluted EPS guidance to $10.60 to $10.90, and reported Data Center sales up 307%.
Solstice Advanced Materials US, Inc.
Solstice Advanced Materials Reports Third Quarter 2026 Results
Solstice Advanced Materials reported third quarter 2026 Net Sales of $1,046 million, up 8%, and Net Income of $80 million, versus a $35 million loss a year earlier, with Electronic Materials sales up 31%. It raised full-year guidance to Net Sales of $4,195 - $4,220 million, repurchased 1.7 million shares for $100 million and declared a $0.075 quarterly dividend payable December 10, 2026.
Dana Incorporated
Dana Announces Launch of Tender Offers for Any and All of its Outstanding 4.250% Senior Notes due 2030 and 4.500% Senior Notes due 2032
Dana began cash tender offers on Nov. 6, 2026 for any and all of $226,800,000 of 4.250% Senior Notes due 2030 and $198,452,000 of 4.500% Senior Notes due 2032, priced at fixed spreads of 50 bps and 60 bps over reference Treasuries. Holders must tender by 5:00 p.m. New York City time on November 13, 2026, with settlement expected on or about November 17, 2026.
Gates Corporation
Gates Launches Poly Chain® Carbon™ ONE to Expand Chain to Belt Conversion Opportunities Across Industrial Markets
Gates launched Poly Chain Carbon ONE, a synchronous belt intended to replace roller-chain drives, which the company says offers up to 80% lower total cost of ownership and needs no lubrication or retensioning. Channel partner availability begins in North America and is to expand globally throughout 2027, targeting users in food and beverage, pharmaceutical and advanced manufacturing.
Otis Worldwide Corporation
Otis Receives Guinness World Records™ Title for Tallest Elevator at Tianjin 117
Otis said two SkyRise elevators at Tianjin 117, rising 597.2 meters, received the Guinness World Records title for "Tallest Elevator in a Building." Otis is supplying 266 elevators and escalators for the tower, which is scheduled for completion by the end of 2027.
Valens Semiconductor
Valens Semiconductor Introduces the VS6310 Chipset, Bringing Power-Efficient USB3 Extension Directly into Video Conferencing Devices
Valens Semiconductor introduced the VS6310, a USB3 extension chipset for embedding in cameras, touch controllers and other conference room peripherals, which the company says typically draws less than 1 watt. Samples are due in mid-November 2026 and mass production is scheduled for January 2027, giving device makers an option to drop separate extender boxes.
Velo3D, Inc.
Velo3D and Sandia National Laboratories Sign Five-Year CRADA to Collaborate on Metal Additive Manufacturing
Velo3D disclosed a five-year Cooperative Research and Development Agreement with Sandia National Laboratories, signed January 13, 2026, covering metal additive manufacturing. Individual projects will be scoped separately, with planned areas including part reliability, repeatability across machines and sites, materials development and workforce development.
Smart Sand, Inc.
SMART SAND, INC. DECLARES SPECIAL DIVIDEND OF $0.05 PER SHARE
Smart Sand declared a special cash dividend of $0.05 per share, payable November 30, 2026, to stockholders of record on November 18, 2026. The company says that, including this dividend, it has returned approximately $14 million to stockholders in 2026 through dividends and share repurchases.
This roundup is written with AI assistance from the press releases listed above, using only what they state. The releases are the companies' own announcements, not TechPark reporting.