US Stock IR Daily – May 13, 2026 (4 reports)

• The Cigna Group expects to reaffirm its projected full-year 2026 consolidated adjusted income from operations on a per share basis of at least $30.35 per share.
• This reaffirmation is anticipated to occur during meetings with investors and analysts over the next several weeks.
• The full-year 2026 outlook was previously discussed in a press release dated April 30, 2026, and during a related investor conference call.
• Adjusted income from operations is defined as shareholders’ net income excluding net investment gains/losses, amortization of acquired intangible assets, and special items.
• Management is unable to provide a reconciliation of adjusted income from operations to shareholders’ net income on a forward-looking basis due to the inherent uncertainty of future net investment results and special items.

Cigna’s reaffirmation of its 2026 adjusted income outlook signals management’s continued confidence in its financial targets. This communication, ahead of upcoming investor and analyst meetings, could be intended to manage market expectations and provide clarity on the company’s long-term financial trajectory. Investors may find it useful to monitor the details provided in the forthcoming meetings for further insights into the factors supporting this outlook.

• Cisco Systems, Inc. reported its results of operations for its fiscal third quarter 2026, which ended April 25, 2026, on May 13, 2026.
• The announcement was made via a Form 8-K filing with the U.S. Securities and Exchange Commission (SEC).
• A copy of the press release detailing the results is furnished as Exhibit 99.1 to the filing.
• The reported results include non-GAAP net income, non-GAAP gross margins, non-GAAP operating expenses, non-GAAP operating income and margin, non-GAAP effective tax rates, non-GAAP interest and other income (loss), net, and non-GAAP net income per share data.
• Future estimated ranges for gross margin, operating margin, tax provision rate, and EPS on a non-GAAP basis were also included.

Cisco’s fiscal third quarter 2026 earnings release provides key insights into the company’s recent financial performance and operational health. The inclusion of non-GAAP measures, alongside corresponding GAAP measures, may offer investors a more nuanced view of the company’s underlying business trends. The forward-looking estimates provided could also be valuable for assessing potential future performance.

• Linde plc issued a total of €1.6 billion in notes on May 13, 2026.
• The issued notes consist of three tranches:
• €600 million aggregate principal amount of Floating Rate Notes due 2028.
• €500 million aggregate principal amount of 3.200% Notes due 2030.
• €500 million aggregate principal amount of 3.800% Notes due 2036.
• The net proceeds from the offering were approximately €1.595 billion, after giving effect to fees to the Managers, and will be used for general corporate purposes.
• These notes have been admitted to the official list of the Luxembourg Stock Exchange and for trading on the Euro MTF market operated by the Luxembourg Stock Exchange.
• The notes were issued under the European debt issuance program, established on May 11, 2020, and last updated on May 4, 2026, with an aggregate principal amount authorized to be outstanding from time to time of €25 billion.

Linde plc’s issuance of approximately €1.6 billion in new notes suggests a strategic move to secure funding for its future operations. The allocation of net proceeds to general corporate purposes indicates that the company maintains flexibility in deploying capital for various initiatives, such as enhancing existing operations or pursuing new growth opportunities. This financing activity could be seen as an effort to strengthen its financial position and support ongoing business strategies.

• On May 11, 2026, the U.S. Securities and Exchange Commission (SEC) declared effective the Registration Statement on Form 10 filed by FedEx Freight Holding Company, Inc., in connection with its previously announced separation from FedEx Corporation into a new, publicly traded company.
• On May 13, 2026, the FedEx Board of Directors declared a pro rata dividend of 80.1% of the outstanding shares of common stock of FedEx Freight to FedEx’s stockholders of record as of the close of business on May 15, 2026, to achieve the separation.
• FedEx stockholders will be entitled to receive one share of FedEx Freight common stock for every two shares of FedEx common stock held as of the Record Date. Stockholders will receive cash in lieu of fractional shares.
• Following the separation, FedEx Freight common stock will begin trading on the New York Stock Exchange on June 1, 2026, under the symbol “FDXF.”
• FedEx will retain 19.9% of the outstanding shares of FedEx Freight common stock and intends to dispose of these shares within 24 months of the separation through exchanges for debt or distributions to stockholders.
• In connection with the separation and distribution, FedEx Freight will pay a cash dividend of approximately $4.1 billion to FedEx prior to the separation, funded from proceeds of a $3.7 billion senior notes offering completed in February 2026 and borrowings under its delayed-draw term loan.

This announcement details FedEx’s plan to spin off FedEx Freight, establishing it as an independent publicly traded entity. The move could allow each company to pursue distinct strategic objectives and potentially unlock value for shareholders. The significant cash dividend from FedEx Freight to FedEx before the separation is a financial transaction that may impact FedEx’s liquidity and capital allocation going forward.