56 material Form 8-K filings that 54 companies we cover made with the SEC in November 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).
Dolby reported fiscal fourth-quarter 2023 revenue of $290.6 million, up from $278.2 million a year earlier, but GAAP diluted earnings per share fell to $0.09 from $0.28 after a restructuring charge of about $30 million. The company also gave first-quarter and full-year fiscal 2024 estimates, with full-year revenue expected to be about $1.30 billion and GAAP diluted EPS of $2.30 to $2.45, and declared a $0.30 per share cash dividend.
Q4 fiscal 2023 revenue $290.6 million vs $278.2 million; GAAP diluted EPS $0.09 vs $0.28; non-GAAP diluted EPS $0.65 vs $0.54
Restructuring charge of about $30 million in Q4, including about $13 million severance and about $17 million software impairment
Fiscal 2024 outlook: total revenue about $1.30 billion; GAAP diluted EPS $2.30 to $2.45; non-GAAP diluted EPS $3.60 to $3.75
Cash dividend of $0.30 per share payable December 5, 2023, to holders of record on November 28, 2023
EZCORP reported results for the quarter and full year ended September 30, 2023. Fourth-quarter revenue rose 16% to $270.5 million and net income rose to $10.3 million, but full-year net income fell to $38.5 million from $50.2 million, mainly due to its share of a one-time, non-cash goodwill impairment recorded by Cash Converters International. The company also disclosed a new employment contract with CEO Lachlan Given, which it says mirrors his existing U.S. terms to comply with U.K. employment law.
Fourth-quarter diluted EPS was $0.15 versus $0.11 a year earlier; full-year diluted EPS was $0.53 versus $0.70.
Full-year total revenues were $1.049 billion, up 18% from $886.2 million, while full-year income before taxes fell to $51.6 million from $67.7 million.
Pawn loans outstanding rose 17% to $245.8 million; the company added 21 stores in the quarter.
The earnings conference call is scheduled for November 16, 2023 at 8:00 a.m. Central Time.
Energizer reported fourth-quarter and full fiscal 2023 results on November 14, 2023, and issued its fiscal 2024 financial outlook. Fourth-quarter net sales rose 2.6% and net earnings were $19.7 million, compared with a loss of $362.9 million a year earlier, while full-year net sales fell 3.0%. For shareholders, the company expects fiscal 2024 adjusted earnings per share of $3.10 to $3.30 but flat to down low single-digit organic revenue.
Fourth-quarter net sales were $811.1 million, up 2.6%, with organic growth of 2.0%.
Fiscal 2023 net sales were $2,959.7 million, down 3.0%; net earnings were $140.5 million versus a $231.5 million loss in fiscal 2022, which included a $541.9 million impairment charge.
Fiscal 2024 guidance: Adjusted EBITDA of $600 million to $620 million, adjusted EPS of $3.10 to $3.30, and organic revenue flat to down low single digits.
Fiscal 2023 adjusted diluted EPS was $3.09; first-quarter fiscal 2024 adjusted EPS is expected to be $0.50 to $0.60.
Innospec reported third-quarter 2023 net sales of $464.1 million, down 10% from $513.0 million a year earlier, while GAAP diluted EPS rose to $1.57 from $1.55. Adjusted non-GAAP EPS fell to $1.59 from $1.74. The board also declared a semi-annual dividend of $0.72 per share, bringing the 2023 annual dividend to $1.41, a 10% increase over 2022.
Net sales were $464.1 million versus $513.0 million a year earlier; Performance Chemicals fell 9%, Fuel Specialties 5% and Oilfield Services 14%.
Net income was $39.2 million, or $1.57 per diluted share, versus $38.7 million, or $1.55, a year earlier; adjusted EPS was $1.59 versus $1.74.
Cash from operating activities was $58.1 million; cash and cash equivalents were $207.2 million with no debt as of September 30, 2023.
The $0.72 dividend will be paid November 27, 2023 to holders of record on November 20, 2023.
JBG SMITH reported a third-quarter 2023 net loss of $58.0 million, or $0.58 per diluted share, which includes $59.3 million of impairment losses on real estate assets recorded during the preparation of its financial statements. Core FFO attributable to common shareholders was $41.0 million, or $0.40 per diluted share, compared with $41.2 million, or $0.36 per diluted share, a year earlier, and the company declared a $0.225 quarterly dividend.
Q3 2023 net loss of $58.0 million ($0.58 per diluted share), versus a net loss of $19.3 million ($0.17 per diluted share) in Q3 2022
Core FFO of $41.0 million ($0.40 per diluted share) in Q3 2023, versus $41.2 million ($0.36 per diluted share) in Q3 2022
Repurchased and retired 7.9 million common shares for $120.8 million in the quarter
Quarterly dividend of $0.225 per share declared October 31, 2023, payable December 1, 2023
CarGurus reported third-quarter 2023 total revenue of $219.4 million, down 49% year-over-year, while GAAP diluted EPS rose to $0.17 from $0.14 and Consolidated Adjusted EBITDA rose 48% to $48.6 million. The company also agreed on November 6, 2023 to acquire the remaining interest in CarOffer for $75.0 million in cash and authorized a $250.0 million share repurchase program effective January 1, 2024.
Q3 total revenue $219.4 million, down 49% year-over-year; Digital Wholesale segment revenue $41.5 million, down 84%; product revenue $19.8 million, down 91%.
GAAP net income attributable to common stockholders $22.3 million, or $0.17 per diluted share, versus $0.14 a year earlier.
Fourth-quarter 2023 total revenue guidance $208 million to $228 million; full-year 2023 guidance $899 million to $919 million.
CarOffer acquisition for $75.0 million in cash, expected to close in Q4 2023; $250.0 million buyback runs through December 31, 2024.
Berkshire Hathaway reported a third-quarter 2023 net loss attributable to shareholders of $12.8 billion, compared with a $2.8 billion loss a year earlier, driven by $23.5 billion of investment and derivative losses. Operating earnings, which exclude those investment results, rose to $10.8 billion from $7.7 billion. For the first nine months, net earnings were $58.6 billion, compared with a $40.8 billion loss in the same period of 2022.
Q3 2023 net loss attributable to Berkshire shareholders: $12.8 billion, versus $2.8 billion in Q3 2022
Q3 2023 operating earnings: $10.8 billion, up from $7.7 billion; insurance-underwriting earnings were $2.4 billion versus a $1.1 billion loss
Q3 2023 railroad earnings fell to $1.2 billion from $1.4 billion; utilities and energy fell to $498 million from $1.6 billion
Nine-month 2023 net earnings: $58.6 billion; about $7.0 billion used to repurchase shares through September 30, 2023
National Presto reported third-quarter 2023 net sales of $83.1 million, up 19.3% from a year earlier, driven by higher Defense segment shipments from backlog. Net earnings fell to $7.0 million, or $0.99 per share, from $8.9 million, or $1.26 per share, as Housewares/Small Appliances sales and operating profit declined, so shareholders saw higher revenue alongside lower per-share profit.
Q3 net sales $83.1 million vs. $69.7 million in the prior-year quarter; Defense segment net sales rose $19.0 million, or 44.8%
Q3 net earnings $7.0 million ($0.99 per share) vs. $8.9 million ($1.26 per share)
Housewares/Small Appliances net sales fell $5.6 million, or 20.6%, and its operating profit dropped $5.3 million, or 87.5%, citing a major repair and higher insurance costs
Nine-month net sales $242.5 million and net earnings $21.4 million ($3.01 per share), vs. $207.6 million and $18.5 million ($2.62 per share) a year earlier
DNOW reported third-quarter 2023 results for the period ended September 30, 2023. Revenue rose to $588 million from $577 million a year earlier, but net income attributable to NOW Inc. fell to $35 million from $40 million, and diluted EPS fell to $0.32 from $0.35. The company said it had no long-term debt and $547 million of total liquidity, and it repurchased $5 million of common stock in the quarter.
Revenue of $588 million in Q3 2023, versus $577 million in Q3 2022
Net income attributable to NOW Inc. of $35 million, versus $40 million a year earlier; diluted EPS of $0.32, versus $0.35
Non-GAAP diluted EPS excluding other costs of $0.25, versus $0.30 a year earlier
Cash and cash equivalents of $194 million, zero long-term debt and total liquidity of approximately $547 million at September 30, 2023
Essent Group reported third-quarter 2023 net income of $178.0 million, or $1.66 per diluted share, essentially unchanged from $178.1 million, or $1.66 per diluted share, a year earlier. New insurance written fell to $12.5 billion from $17.1 billion in the third quarter of 2022, while insurance in force rose to $238.7 billion, and the company also declared a $0.25 quarterly dividend and approved a $250 million share repurchase plan.
Net income of $178.0 million, or $1.66 per diluted share, for the quarter ended September 30, 2023, versus $178.1 million, or $1.66 per diluted share, a year earlier
New insurance written was $12.5 billion, compared with $13.5 billion in the second quarter of 2023 and $17.1 billion in the third quarter of 2022
Quarterly cash dividend of $0.25 per share payable December 11, 2023, to holders of record on December 1, 2023; board approved $250 million buyback for January 1, 2024 to December 31, 2025
Enact Holdings reported third quarter 2023 net income of $164 million, or $1.02 per diluted share, down from $168 million in the second quarter and $191 million a year earlier, while net premiums earned rose 4% year over year to $243 million. The company also declared a special cash dividend of $113 million, or $0.71 per share, plus a $0.16 quarterly dividend, both payable December 5, 2023, to holders of record on November 16, 2023.
Net income was $164 million, or $1.02 per diluted share, versus $1.17 per diluted share in third quarter 2022.
Adjusted operating income was $164 million, compared with $178 million in the second quarter of 2023.
Primary insurance-in-force was a record $262 billion, up 8% from a year earlier.
Special dividend of $113 million ($0.71 per share) and quarterly dividend of $0.16 per share are payable December 5, 2023.
Aflac reported third-quarter 2023 total revenues of $5.0 billion, up 5.2% from a year earlier, while net earnings fell 11.9% to $1.6 billion, or $2.64 per diluted share. Adjusted earnings rose 20.3% to $1.1 billion, and adjusted earnings per diluted share rose 27.8% to $1.84. The company also raised its first quarter 2024 dividend 19% to $0.50 per share and repurchased $700 million of its stock during the quarter.
Total revenues were $5.0 billion, up from $4.7 billion in the third quarter of 2022.
Net earnings were $1.6 billion, or $2.64 per diluted share, versus $2.82 per diluted share a year earlier.
Adjusted earnings per diluted share rose 27.8% to $1.84; net investment gains of $423 million were a key factor in the GAAP result.
The board declared a fourth quarter dividend of $0.42 per share and a first quarter 2024 dividend of $0.50 per share, a 19% increase.
Connection (PC Connection, Inc.) reported third-quarter 2023 results on November 1, 2023. Net sales fell 10.6% year over year to $693.1 million, while net income rose 10.3% to $25.6 million, or $0.97 per diluted share, from $0.88 a year earlier. The company also declared a quarterly dividend of $0.08 per share.
Net sales were $693.1 million, down 10.6% from the prior year quarter, with gross profit down 3.5% to $131.9 million.
Net income was $25.6 million, or $0.97 per diluted share, compared with $23.2 million, or $0.88 per share, a year earlier.
For the nine months ended September 30, 2023, net income fell 15.5% to $59.5 million, or $2.25 per diluted share.
The $0.08 per share dividend is payable December 1, 2023, to shareholders of record as of November 14, 2023.
Graham Holdings reported a third-quarter 2023 net loss attributable to common shares of $23.0 million, or $5.02 per share, compared with net income of $32.8 million, or $6.76 per share, a year earlier. Revenue rose 10% to $1,111.5 million, but the company recorded $98.3 million in goodwill and other long-lived asset impairment charges, which drove an operating loss of $57.1 million.
Q3 2023 revenue was $1,111.5 million, up 10% from $1,012.4 million in Q3 2022.
Q3 2023 operating loss was $57.1 million, compared with operating income of $59.5 million in Q3 2022.
Excluding listed items, Q3 2023 net income attributable to common shares was $48.9 million ($10.45 per share), versus $74.2 million ($15.30 per share) a year earlier.
Goodwill impairment charges at World of Good Brands and Dekko drove the decline in operating results.
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.