22 material Form 8-K filings that 21 companies we cover made with the SEC in August 2023, each read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). All of them were written later, when past filings were added: a selection, not every 8-K of the month (see the note below).
United States Lime & Minerals reported second-quarter 2023 revenue of $74.0 million, up 22.3% from $60.5 million a year earlier, and net income of $19.7 million ($3.45 per diluted share), up 92.5%. The company also declared a regular quarterly dividend of $0.20 per share, and its CEO flagged rising production costs and softening steel demand as risks to future demand and prices.
Q2 2023 revenue $74.0 million vs. $60.5 million in Q2 2022, up 22.3%
Q2 2023 net income $19.7 million ($3.45 per diluted share) vs. $10.2 million ($1.80) a year earlier
Quarterly dividend of $0.20 per share payable September 15, 2023, to holders of record August 25, 2023
CEO cited continued pressure on energy, parts, supplies and labor costs and softer steel customer demand
Merk Investments, sponsor of the VanEck Merk Gold Trust, said the Trust will change the benchmark used to value its gold from the LBMA PM Gold Price to the Solactive Gold Spot Index effective August 7, 2023. The change was first announced in May 2023 and the date has now been finalized, with the trustee, The Bank of New York Mellon, instructed to use the new index to calculate the Trust's net asset value from that date.
Benchmark changes from the LBMA PM Gold Price to the Solactive Gold Spot Index (SOLAGOLD)
Index Change Date is August 7, 2023
Change was first announced in May 2023; the date was finalized in this August 2, 2023 release
The Bank of New York Mellon, the trustee, will use SOLAGOLD to determine net asset value from the Index Change Date
EZCORP reported results for the third fiscal quarter ended June 30, 2023. Revenue rose 19% to $255.8 million, net income rose to $18.2 million from $12.2 million, and diluted earnings per share were $0.24 versus $0.17. For the nine months, net income fell to $28.2 million from $42.8 million, and nine-month diluted EPS was $0.38 versus $0.59.
Pawn loans outstanding rose 12% to $229.4 million, which the company described as a record.
Adjusted diluted EPS was $0.20, up from $0.16 a year earlier, excluding certain items.
Nine-month net income was $28.2 million, down from $42.8 million in the prior-year period.
Management will hold an earnings conference call on August 3, 2023, at 8:00 am Central Time.
New York Mortgage Trust, Inc. (Nasdaq: NYMT) reported a second-quarter 2023 net loss attributable to common stockholders of $37.2 million, or $0.41 per share, compared with a net loss of $82.4 million, or $0.86 per share, a year earlier, and net income of $10.5 million in the first quarter of 2023. Book value per common share fell to $12.44 from $12.95 at March 31, 2023, and the common dividend was $0.30, down from $0.40 in prior quarters. The filing header lists Adamas Trust, Inc. (ADAM), but the attached press release and financial tables are for New York Mortgage Trust.
Net loss attributable to common stockholders was $37.2 million, or $0.41 per share, for the quarter ended June 30, 2023, versus $82.4 million, or $0.86 per share, for the same quarter of 2022
Total net interest income was $15.1 million, down from $39.3 million a year earlier and $17.8 million in the first quarter of 2023
Book value per common share was $12.44 at June 30, 2023, compared with $12.95 at March 31, 2023
Dividends declared per common share were $0.30, compared with $0.40 in each of the prior four quarters
Connection (PC Connection, Inc.) reported second-quarter 2023 net sales of $733.5 million, down 11.5% from a year earlier, and net income of $19.7 million, or $0.75 per diluted share, down 22.4% from $0.96. The company said gross margin rose 90 basis points to 17.4%, and its board declared a quarterly dividend of $0.08 per share.
Net sales were $733.5 million, down 11.5% year over year; gross profit was $127.8 million, down 6.7%.
Diluted EPS was $0.75 versus $0.96 a year earlier; adjusted diluted EPS was $0.80 versus $0.96.
Quarterly dividend of $0.08 per share is payable September 1, 2023, to shareholders of record as of August 15, 2023.
Cash and cash equivalents were $244.0 million at June 30, 2023, versus $94.9 million a year earlier.
Graham Holdings reported second-quarter 2023 net income attributable to common shares of $122.8 million ($25.89 per share), compared with a net loss of $67.5 million in the second quarter of 2022. Excluding certain items, net income was $61.6 million ($12.97 per share), up from $59.7 million ($12.07 per share) a year earlier. Revenue rose 18% to $1,105.0 million, and operating income increased to $58.1 million from $39.3 million.
Revenue for the quarter ended June 30, 2023 was $1,105.0 million, up 18% from $933.3 million
Operating income was $58.1 million, compared with $39.3 million in the second quarter of 2022
Net income included $78.6 million in net gains on marketable equity securities, after-tax $57.9 million
For the first six months of 2023, net income attributable to common shares was $175.1 million ($36.67 per share), versus $28.1 million a year earlier
Xenia Hotels & Resorts reported second quarter 2023 results on August 2, 2023. Net income attributable to common stockholders fell 50.1% to $13.8 million, Adjusted EBITDAre fell 15.7% to $74.7 million, and Adjusted FFO per diluted share fell to $0.47 from $0.57 a year earlier. The company updated full-year 2023 guidance, raising the low end of several ranges while lowering the high end of most measures, which shows the weaker second quarter is affecting the outlook.
Q2 2023 net income attributable to common stockholders was $13.8 million, or $0.12 per share, down from $27.6 million, or $0.24 per share, in Q2 2022
Adjusted EBITDAre was $74.7 million, down 15.7%; Same-Property RevPAR was $182.49, down 2.0%
Full-year 2023 Same-Property RevPAR change guidance is 4% to 6%, with the high end lowered by 2 percentage points; Adjusted FFO per diluted share guidance is $1.42 to $1.60
In Q2 the company repurchased 2,539,888 shares for approximately $31.9 million and retired $30 million of 6.375% Senior Notes due August 2025
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Briefs marked “Written later” were written in November 2026 for filings that were by then more than three weeks old, so months before mid-October 2026 hold a selection: every material 8-K of the past year for the 100 largest companies we cover and the last 15 important 8-Ks of every other one. Briefs the number check holds back are not shown or counted. Also: the last 45 days, briefs by company, A–Z and the live SEC filings wire.