84 material Form 8-K filings that 83 companies we cover made with the SEC in October 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 third quarter 2023 revenue of $74.9 million, up 12.7% from a year earlier, and net income of $20.7 million, or $3.63 per diluted share, up 31.8%. The company also declared a regular quarterly dividend of $0.20 per share, and its CEO said he anticipates continued weak demand in some key markets.
Q3 2023 revenue was $74.9 million, compared with $66.5 million in Q3 2022, an increase of $8.4 million.
Q3 2023 net income was $20.7 million ($3.63 per diluted share), compared with $15.7 million ($2.77 per diluted share) a year earlier.
Nine-month 2023 revenue was $215.6 million, up 21.2% from $177.9 million in the first nine months of 2022.
Quarterly cash dividend of $0.20 per share is payable December 15, 2023 to shareholders of record on November 24, 2023.
Gulfport Energy reported third quarter 2023 net income of $608.4 million, compared with a net loss of $18.5 million a year earlier, and total revenues of $266.7 million versus $191.1 million. The profit figure includes a $554.7 million deferred income tax benefit and a $39.4 million net gain on derivatives, compared with a $474.9 million derivative loss a year earlier. The company raised its 2023 net production guidance to 1,045-1,055 MMcfe per day, lowered its base capital expenditure guidance to $435 million-$455 million, and expanded its share repurchase authorization by 63% to $650 million.
Q3 2023 net income $608.4 million and adjusted EBITDA $160.0 million, both above analyst consensus per the company
Net daily production of 1,056.9 MMcfe in Q3 2023, versus 914,888 MMcfe a year earlier
Average natural gas price without derivatives was $1.99 per Mcf, down from $7.80 in Q3 2022
Share repurchase authorization raised to $650 million; about $315.4 million of capacity remained as of October 26, 2023
CorVel reported results for the three months ended September 30, 2023, with revenue of $196 million, up from $177 million a year earlier, and diluted earnings per share of $1.15, up from $0.83. For the six months, revenue was $386 million and diluted EPS was $2.29, compared with $354 million and $1.77 a year earlier. The filing gives no guidance for future periods.
Quarter revenue $196 million vs $177 million a year earlier; net income $19.9 million vs $14.7 million
Quarter diluted EPS $1.15 vs $0.83 in the prior-year quarter
Six-month revenue $386 million vs $354 million; six-month diluted EPS $2.29 vs $1.77
Press release cites CERIS payment integrity growth and new bookings; no forward guidance was given
Gentex reported third-quarter 2023 net sales of $575.8 million, up 17%, and net income of $104.7 million, up 44%, with diluted earnings per share of $0.45 compared with $0.31 a year earlier. The company kept its 2023 revenue guidance of $2.2 - $2.3 billion unchanged, while trimming its tax rate, capital expenditure, and depreciation and amortization estimates, and management said the fourth quarter will likely be affected by the UAW strikes.
Net sales of $575.8 million, up 17% from $493.6 million; auto-dimming mirror unit shipments of 12.6 million, up 10%.
Net income of $104.7 million, up 44% from $72.7 million; diluted EPS of $0.45 versus $0.31.
Gross margin of 33.2%, up from 29.8% a year earlier; 2023 gross margin guidance of 32.5% - 33% unchanged.
Management said the fourth quarter will likely be impacted by the UAW strikes from both a revenue and margin perspective.
Federated Hermes reported third quarter 2023 diluted EPS of $0.86, up from $0.78 a year earlier, on net income of $75.0 million. Total managed assets reached a record $715.2 billion at Sept. 30, 2023, driven mainly by money market assets, and the board declared a $0.28 dividend and authorized a new repurchase of up to 5 million shares.
Q3 2023 diluted EPS of $0.86 vs. $0.78 in Q3 2022; net income of $75.0 million vs. $69.5 million
Total revenue of $402.7 million, up 6% from Q3 2022 but down 7% from Q2 2023's $433.2 million
Record total managed assets of $715.2 billion at Sept. 30, 2023; money market assets a record $525.1 billion
Dividend of $0.28 per share payable Nov. 15, 2023; new buyback authorization of up to 5 million shares
Deckers reported second-quarter fiscal 2024 revenue up 25% to a record $1.092 billion and diluted earnings per share up 79% to $6.82, and raised its full-year fiscal 2024 revenue guidance to $4.025 billion and its diluted EPS guidance to $22.90-$23.25. The company also said it intends to divest its Sanuk brand, so shareholders should watch for a buyer and its terms.
Q2 fiscal 2024 net sales rose 24.7% to $1.092 billion; diluted EPS was $6.82 versus $3.80 a year earlier
Fiscal 2024 net sales guidance raised to approximately $4.025 billion; diluted EPS guidance raised to $22.90 to $23.25
Company repurchased shares for $185.5 million in the quarter and had about $1.146 billion left under its buyback authorization
Intent to divest the Sanuk brand, which had $5.4 million in quarterly net sales
Kirby reported third quarter 2023 net earnings attributable to Kirby of $63.0 million, or $1.05 per diluted share, up from $39.1 million, or $0.65, a year earlier, on revenue of $764.8 million versus $745.8 million. Shareholders gain a clear year-over-year improvement in both earnings and revenue, and the company gave an outlook for the fourth quarter and full-year 2023 cash flow and capital spending.
Q3 2023 net earnings attributable to Kirby were $63.0 million, or $1.05 per diluted share, versus $39.1 million, or $0.65, in Q3 2022.
Consolidated revenues were $764.8 million in Q3 2023 compared with $745.8 million in Q3 2022.
Operating margins were 14.8% in marine transportation (9.6% a year earlier) and 9.9% in distribution and services (7.1% a year earlier).
For 2023, Kirby expects net cash provided by operating activities of $475 million to $525 million and capital spending of $330 million to $380 million.
Tootsie Roll reported third quarter 2023 net sales of $248.3 million, up 17% from $211.9 million a year earlier, and net earnings of $34.4 million, or $0.49 per share, versus $0.37 per share in 2022. Higher sales price realization was the main driver, but management said higher input costs offset much of the benefit and expects timing of pre-Halloween sales to weigh on fourth-quarter 2023 sales and earnings.
Third quarter net sales were $248,336,000 versus $211,888,000 in 2022, an increase of 17%
Third quarter net earnings were $34,382,000, or $0.49 per share, versus $26,577,000, or $0.37 per share, in 2022
Nine-month 2023 net sales were $567,884,000, up 15%, and nine-month net earnings per share were $0.89 versus $0.71
Management expects fourth-quarter 2023 sales and earnings to be adversely affected by sales timing versus fourth quarter 2022, and expects 2024 ingredient and packaging unit costs to be even higher than in 2023
W.W. Grainger reported third-quarter 2023 results with net sales of $4.2 billion, up 6.7%, and diluted EPS of $9.43, up 14.1% from a year earlier. The company also narrowed its full-year 2023 guidance, with diluted EPS now expected at $36.00 to $36.60, compared with the prior range of $35.00 to $36.75.
Q3 2023 net sales were $4,208 million, up 6.7%, or 8.7% on a daily, constant currency basis
Operating earnings were $667 million, up 10.7%, with operating margin of 15.9%, up 60 basis points
Full-year 2023 diluted EPS guidance narrowed to $36.00 to $36.60 from $35.00 to $36.75; net sales guidance narrowed to $16.4 billion to $16.6 billion from $16.4 billion to $16.8 billion
Q3 operating cash flow was $523 million; $287 million was returned to shareholders through dividends and share repurchases
St. Joe reported third-quarter 2023 net income attributable to the Company of $19.4 million, up 57% from a year earlier, on total revenue up 76% to $101.4 million. The board also declared a quarterly dividend of $0.12 per share, payable December 8, 2023. Depreciation expense rose to $10.7 million from $5.8 million as more operating assets were placed into service.
Net income attributable to the Company rose 57% to $19.4 million, or $0.33 per share, from $12.4 million, or $0.21 per share, a year earlier.
Total revenue rose 76% to $101.4 million; real estate revenue rose 131% to $39.9 million and hospitality revenue rose 63% to $47.4 million.
Board declared a quarterly cash dividend of $0.12 per share, payable December 8, 2023, to holders of record on November 9, 2023.
Depreciation, depletion and amortization rose to $10.7 million from $5.8 million in the quarter.
Vicor reported third-quarter 2023 revenue of $107.8 million, up 4.6% from a year earlier, and net income of $16.6 million, or $0.37 per diluted share, versus $1.8 million, or $0.04, a year ago. Backlog fell 53.0% from a year earlier to $174.7 million, and the CEO said Q3 bookings remained weak, which is a concern for future revenue even though current profit improved.
Q3 2023 revenue $107.8 million, up 4.6% year over year and up 1.0% sequentially
Q3 2023 net income $16.6 million, or $0.37 per diluted share, versus $0.04 a year earlier
Backlog $174.7 million at September 30, 2023, down 53.0% year over year and 19.6% sequentially
Cash and cash equivalents of approximately $227.8 million at September 30, 2023
Visa reported fiscal fourth-quarter 2023 net revenues of $8.6 billion, up 11%, and GAAP earnings per share of $2.27, up 22%, after a $109 million litigation provision. The board raised the quarterly dividend 16% to $0.520 per share and authorized a new $25.0 billion multi-year share repurchase program, while the company also gave a fiscal 2024 outlook.
Q4 net revenues $8.6 billion, up 11%; GAAP net income $4.7 billion, up 19%
Full-year net revenues $32.7 billion, up 11%; full-year GAAP EPS $8.28, up 18%
Quarterly dividend raised 16% to $0.520 per share, payable December 1, 2023, to holders of record as of November 9, 2023
New $25.0 billion multi-year class A share repurchase program authorized in October
Calix reported unaudited third-quarter 2023 results on October 23, 2023, with revenue of $263.8 million, up 12% from $236.3 million a year earlier and up 1% from the prior quarter. Non-GAAP net income per diluted share was $0.45, above the $0.32 to $0.38 range the company gave on July 19, 2023, while GAAP net income per diluted share was $0.24. The company also guided fourth-quarter 2023 non-GAAP net income per diluted share to $0.33 to $0.39 on revenue of $261.0 million to $267.0 million.
Third-quarter revenue was $263.8 million, up 12% year over year, with GAAP gross margin of 53.3% and non-GAAP gross margin of 53.8%.
Non-GAAP net income per diluted share was $0.45 versus GAAP net income per diluted share of $0.24; non-GAAP guidance given July 19, 2023 was $0.32 to $0.38.
Fourth-quarter 2023 guidance: revenue of $261.0 million to $267.0 million and non-GAAP net income per diluted share of $0.33 to $0.39.
The company repurchased $32.4 million of common stock in the quarter, bringing its use of the $100 million authorized plan to $42.4 million.
W. R. Berkley reported third quarter 2023 results in a press release furnished under Item 2.02 of this Form 8-K, dated October 23, 2023. Net income to common stockholders rose 45.7% to $333.6 million, or $1.23 per diluted share, from $228.9 million, or $0.82 per diluted share, a year earlier. The gains came from higher net premiums written and record net investment income, which matter to shareholders because they show higher earnings per share and $160.3 million returned to shareholders in the quarter.
Net income to common stockholders was $333.6 million in Q3 2023, up from $228.9 million in Q3 2022.
Net premiums written grew 10.5% to $2.8 billion, and the reported combined ratio improved to 90.2% from 92.1%.
Net investment income reached a record $270.9 million, up from $202.8 million, driven by a 59.3% increase in the core portfolio.
Total capital returned to shareholders was $160.3 million, including $129.0 million of special dividends.
OFG Bancorp reported results for the quarter ended September 30, 2023, in a press release furnished under Item 2.02 of a Form 8-K dated October 20, 2023. Diluted EPS was $0.95, up from $0.87 in 3Q22 and $0.93 in 2Q23, and total core revenues rose 10% year over year to $172.2 million, so headline profit and revenue both improved. Credit costs rose, with net charge-offs of $18.8 million and a provision for credit losses of $16.4 million, compared with $11.3 million and $7.1 million in 3Q22.
Diluted EPS of $0.95 vs. $0.87 in 3Q22 and $0.93 in 2Q23
Total core revenues of $172.2 million vs. $156.8 million in 3Q22
Net charge-offs of $18.8 million vs. $11.3 million in 3Q22; provision for credit losses of $16.4 million vs. $7.1 million
Net interest margin of 5.80% vs. 5.23% in 3Q22; CET1 ratio of 14.03%
Badger Meter reported record third quarter 2023 results, with net sales of $186.2 million, up 26% from $148.0 million a year earlier. Diluted earnings per share rose 44% to $0.88, and operating earnings increased 31%. The company also announced a 20% increase in its annual dividend rate, its 31st consecutive annual increase.
Net sales of $186.2 million, up 26% from $148.0 million in the third quarter of 2022.
Diluted EPS of $0.88, up from $0.61; the 20.3% tax rate included a discrete favorable income tax benefit.
Operating profit margin expanded 80 basis points to 16.9% from 16.1%.
Annual dividend rate increased 20%, the 31st consecutive annual increase; net cash provided by operations was $31 million, up 32%.
Watsco reported third-quarter 2023 revenue of $2.13 billion, up 4%, and diluted earnings per share of $4.35, up from $4.03 a year earlier, with operating income up 9% to $257 million. For the nine months, sales were flat at $5.68 billion and EPS fell to $11.60 from $11.86, so shareholders see stronger quarterly results but a flat year to date.
Q3 2023 revenue $2.13 billion, up 4%; gross margin 26.7% versus 27.1% a year earlier
Q3 operating income $257 million, up 9%; diluted EPS $4.35 versus $4.03
Nine-month EPS $11.60 versus $11.86; nine-month sales $5.68 billion, flat year over year
Watsco acquired Gateway Supply Company, with annual sales of approximately $180 million
Snap-on reported third-quarter 2023 results on October 19, 2023. Net sales rose $56.8 million, or 5.2%, to $1,159.3 million, and net earnings attributable to Snap-on rose to $243.1 million, or $4.51 per diluted share, from $223.9 million, or $4.14, a year earlier. The company also expects a full-year 2023 effective income tax rate of about 23% and capital expenditures of about $100 million, of which $73.9 million was incurred in the first nine months.
Net sales of $1,159.3 million in Q3 2023, up 5.2%; organic sales up 4.7%
Operating margin before financial services of 21.2%, up 90 basis points from 20.3%
Diluted EPS of $4.51 versus $4.14 a year earlier; nine-month diluted EPS of $14.00 versus $12.41
2023 capital expenditures projected at about $100 million; full-year effective tax rate about 23%
Interactive Brokers Group reported third-quarter 2023 results for the period ended September 30, 2023. GAAP diluted EPS was $1.56, up from $0.97 a year earlier, and GAAP net revenues were $1,145 million, up from $790 million, with the increase driven mainly by higher net interest income. The company also declared a quarterly cash dividend of $0.10 per share.
Adjusted diluted EPS was $1.55, compared with $1.08 in the year-ago quarter
Net interest income rose 55% to $733 million on higher benchmark interest rates and customer credit balances
Income before income taxes was $840 million, compared with $523 million a year earlier
Quarterly cash dividend of $0.10 per share is payable December 14, 2023, to holders of record as of December 1, 2023
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.