Industrials Down Amid Mixed Earnings -- Industrials Roundup

Published: 2026-04-28 17:27:27 ET UPS

Published on 04/28/2026 at 05:27 pm EDT

Shares of industrial and transportation companies fell amid mixed earnings.

General Motors' first-quarter earnings growth handily topped Wall Street estimates, thanks to lower costs from its electric-vehicle pullback, and an expected $500 million tariff refund following the Supreme Court's rejection of President Trump's emergency tariffs.

Airbus confirmed its aircraft-delivery target for the year, a sign of confidence that it can assemble enough planes despite a Pratt & Whitney engine shortage that forced it to slow production of its best-selling A320 jets.

Ametek, a maker of electronic instruments and electro-mechanical products, entered talks to acquire part of an industrials company owned by investment firm Clayton Dubilier & Rice.

United Parcel Service said it was in the home stretch of a years-long restructuring that includes phasing out roughly half its Amazon business, as well as cutting tens of thousands of delivery-driver and warehouse-worker roles.

Shares of heating, ventilation and air-conditioning distributor Watsco fell after it posted a drop in quarterly earnings.

Write to Rob Curran at [email protected]

(END) Dow Jones Newswires

04-28-26 1726ET