73 material Form 8-K filings that 66 companies we cover made with the SEC in January 2024, 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).
Extreme Networks reported fiscal second-quarter 2024 results for the quarter ended December 31, 2023, with revenue of $296.4 million, down 6.9% year-over-year, and GAAP diluted EPS of $0.03 versus $0.13 a year earlier. The company guided fiscal third-quarter revenue to $200.0 million to $210.0 million with a non-GAAP loss per share of $(0.22) to $(0.17), and said distributors and partners have lowered inventory purchases, which it expects to accelerate in the third quarter.
Q2 revenue $296.4 million, down from $318.3 million a year earlier; SaaS ARR $158.0 million, up 37.4%
Q2 GAAP diluted EPS $0.03 vs. $0.13 prior year; non-GAAP diluted EPS $0.24 vs. $0.27
Q3 fiscal 2024 guidance (quarter ending March 31, 2024): revenue $200.0 million to $210.0 million; non-GAAP EPS $(0.22) to $(0.17)
Q4 fiscal 2024 revenue target $265.0 million to $275.0 million
Calix reported record fourth-quarter 2023 revenue of $264.7 million, up 8% from a year earlier, and non-GAAP net income of $29.4 million, while GAAP results included a net loss of $4.1 million after $28.7 million in inventory and component charges tied to its legacy product wind-down. The company guided first-quarter 2024 revenue to $225 million to $231 million, below the fourth quarter, citing customers pausing appliance purchases ahead of government broadband funding, so shareholders face a weaker near-term revenue outlook.
Q4 2023 revenue was a record $264.7 million, up 8% year over year; non-GAAP net income per diluted share was $0.43 versus guidance of $0.33 to $0.39
GAAP net loss was $4.1 million, or $(0.06) per diluted share, reflecting $28.7 million in one-time charges
Q1 2024 revenue guidance is $225 million to $231 million; non-GAAP EPS guidance is $0.17 to $0.23
Company repurchased $44.0 million of stock in Q4 2023 and the Board authorized an additional $100 million
ServisFirst Bancshares reported fourth-quarter 2023 net income of $42.1 million, or $0.77 per diluted share, down from $67.7 million, or $1.24 per share, in the fourth quarter of 2022. The company said a $7.2 million FDIC special assessment, a $2.2 million privilege tax adjustment and $1.1 million in EDP contract termination costs weighed on results, and that adjusted diluted EPS was $0.91.
Diluted EPS was $0.77, compared with $0.98 in the third quarter of 2023 and $1.24 in the fourth quarter of 2022; adjusted diluted EPS was $0.91.
Net interest income was $101.7 million, down from $122.4 million a year earlier, and net interest margin was 2.57%, compared with 3.52%.
Non-interest expense was $58.3 million, up from $38.1 million in the fourth quarter of 2022, and total deposits reached $13.27 billion, up 15.0% year over year.
The quarterly cash dividend rose to $0.30 per share from $0.28, and the company hired Joel Smith as President to enter the Memphis, Tennessee market.
Cullen/Frost reported fourth-quarter 2023 net income available to common shareholders of $100.9 million, or $1.55 per diluted share, down from $2.91 a year earlier, after a one-time $51.5 million FDIC insurance surcharge. For the full year, earnings rose 3.3% to $591.3 million, or $9.10 per diluted share, and the board declared a $0.92 first-quarter dividend and approved a $150 million share repurchase program.
Q4 2023 net income available to common shareholders was $100.9 million, versus $189.5 million in Q4 2022; excluding the FDIC surcharge, the company says it would have been about $141.6 million, down 25.3%.
Full-year 2023 net income available to common shareholders was $591.3 million, up 3.3% from $572.5 million; diluted EPS was $9.10 versus $8.81.
The board declared a first-quarter 2024 common dividend of $0.92 per share, payable March 15, 2024.
The new repurchase authorization covers up to $150 million of common stock through January 24, 2025, and may be suspended at any time.
NETSCOUT reported third-quarter fiscal 2024 revenue of $218.1 million, down from $269.5 million a year earlier, and a GAAP net loss of $132.6 million that includes a $167.1 million non-cash goodwill impairment charge. The company now expects fiscal 2024 revenue at the low end of its previously disclosed $840 million to $860 million range and a GAAP loss per share of ($1.29) to ($1.24), while non-GAAP EPS is expected at the higher end of its range. For shareholders, the quarter shows lower sales and a large GAAP loss, while non-GAAP profit expectations held up.
Q3 fiscal 2024 revenue was $218.1 million, compared with $269.5 million in Q3 fiscal 2023.
Q3 GAAP net loss was $132.6 million, or ($1.87) per diluted share, including the $167.1 million goodwill impairment; non-GAAP net income was $52.0 million, or $0.73 per share.
Fiscal 2024 revenue is now expected at about $840 million, the low end of the $840 million to $860 million range; GAAP loss per share is now expected at ($1.29) to ($1.24), versus a prior range of $0.69 to $0.89.
Banc of California reported a fourth-quarter 2023 net loss of $492.9 million, or $4.55 per diluted share, compared with a net loss of $33.3 million, or $0.42 per share, in the third quarter. The loss included $442.4 million of pre-tax losses on security sales tied to its balance sheet repositioning and $111.8 million of merger costs from the November 30, 2023 PacWest Bancorp merger. Book value per common share fell to $17.12 from $24.12 at September 30, 2023.
Q4 2023 net loss of $492.9 million, or $4.55 per diluted share, versus a Q3 2023 net loss of $33.3 million, or $0.42 per share.
Pre-tax items included $442.4 million of losses on security sales and $111.8 million of merger costs.
Total assets were $38.5 billion at December 31, 2023; book value per common share was $17.12.
Management will hold a conference call at 10:00 A.M. Pacific Time on January 25, 2024.
Plexus reported fiscal first quarter 2024 revenue of $983 million and GAAP diluted EPS of $1.04, down from $1.09 billion and $1.49 a year earlier. Its fiscal second quarter guidance of $930 million to $970 million in revenue and $0.48 to $0.63 in GAAP diluted EPS is lower than the October 2023 guidance, and the company expects restructuring charges that weigh on those results, so shareholders face weaker near-term earnings.
Q1 fiscal 2024 revenue of $983 million vs. $1,094 million a year earlier; GAAP diluted EPS of $1.04 vs. $1.49
Q2 guidance: revenue of $930 million to $970 million and GAAP diluted EPS of $0.48 to $0.63, vs. October 25, 2023 guidance of $990 million to $1.03 billion and EPS of $1.15 to $1.33
Restructuring charges of approximately $10 million ($0.32 per share) expected in Q2, with about $20 million of annualized cost savings targeted by fiscal Q3
Board approved a new $50.0 million share repurchase program, which starts after the current authorization with $5.7 million remaining is completed
Elevance Health reported fourth-quarter and full-year 2023 results in a press release furnished under Item 2.02 of this 8-K. Quarterly operating revenue rose 7.0% to $42.5 billion and GAAP diluted EPS rose 1.1% to $3.63, while the company set a full-year 2024 GAAP diluted EPS outlook of greater than $34.29, compared with $25.22 for 2023, and raised its quarterly dividend 10.1% to $1.63 per share.
4Q 2023 operating revenue $42.5 billion, up 7.0%; GAAP diluted EPS $3.63, up 1.1%; adjusted diluted EPS $5.62, up 15.2%
FY 2024 GAAP diluted EPS outlook greater than $34.29; adjusted diluted EPS outlook greater than $37.10, versus FY 2023 GAAP diluted EPS of $25.22
Quarterly dividend increased 10.1% to $1.63 per share
4Q 2023 operating margin was 3.0%, down from 3.2% in 4Q 2022
Agilysys reported fiscal 2024 third-quarter results for the period ended December 31, 2023, with total net revenue up 21.3% to a record $60.6 million and adjusted EBITDA up to $11.8 million from $8.1 million a year earlier. The company raised its fiscal 2024 Adjusted EBITDA expectation to 15% of revenue and reiterated its full-year revenue guidance of $235 million to $238 million. GAAP net income of $76.9 million was boosted by a $65.1 million release of tax valuation allowances.
Total net revenue rose 21.3% to $60.6 million from $49.9 million; subscription revenue grew 29.9% year-over-year.
GAAP net income attributable to common shareholders was $76.9 million, or $2.85 per diluted share, versus $0.13 a year earlier, including a $65.1 million valuation allowance release.
Adjusted diluted EPS was $0.35 versus $0.26; adjusted EBITDA was $11.8 million versus $8.1 million.
Fiscal 2024 Adjusted EBITDA guidance raised to 15% of revenue; revenue guidance of $235 million to $238 million reiterated.
BancFirst reported fourth-quarter 2023 net income of $48.9 million, or $1.46 per diluted share, down from $57.1 million, or $1.70, a year earlier, as net interest income and noninterest income declined. For the full year, net income rose to $212.5 million, or $6.34 per diluted share, from $193.1 million, or $5.77. CEO David Harlow said the company expects earnings to be lower in 2024, citing a full year of Durbin Amendment impact, ongoing margin pressure and higher regulatory compliance costs.
Q4 2023 net income $48.9 million, $1.46 diluted EPS, versus $57.1 million and $1.70 in Q4 2022
Full-year 2023 net income $212.5 million, $6.34 diluted EPS, versus $193.1 million and $5.77 in 2022
Q4 net interest margin 3.67% versus 3.83% a year earlier; noninterest income $45.2 million versus $48.2 million
CEO said 2024 earnings will be less, citing the Durbin Amendment, deposit competition and the $10 billion asset threshold
Texas Capital Bancshares reported fourth quarter 2023 net income available to common stockholders of $15.8 million, or $0.33 per diluted share, down from $57.4 million, or $1.18 per share, in the third quarter and $212.9 million, or $4.23 per share, a year earlier. The company also authorized a new share repurchase program of up to $150.0 million through January 31, 2025, which ends the prior January 2023 authorization.
Q4 2023 net income available to common stockholders was $15.8 million, or $0.33 per diluted share, versus $57.4 million, or $1.18, in Q3 2023 and $212.9 million, or $4.23, in Q4 2022.
Q4 2023 included a $19.9 million FDIC special assessment, or $0.32 per diluted share.
Net interest margin was 2.93% in Q4 2023, down 20 basis points from Q3 2023; the provision for credit losses was $19.0 million.
On January 17, 2024, the board authorized repurchases of up to $150.0 million of common stock through January 31, 2025.
Kinder Morgan reported fourth-quarter 2023 EPS of $0.27 and net income attributable to KMI of $594 million, both down from the fourth quarter of 2022, mainly due to higher interest expense. The company raised its 2024 budget to include the $1.815 billion STX Midstream acquisition, which lifts budgeted 2024 EPS to $1.22, up 15% versus 2023, while keeping the 2024 dividend expectation of $1.15 per share unchanged.
Q4 2023 EPS was $0.27, down 10% from Q4 2022; net income attributable to KMI was $594 million versus $670 million.
Updated 2024 budget EPS is $1.22, up 15% versus 2023, and DCF per share is $2.26; the budget now includes the STX Midstream acquisition closed December 28, 2023.
Board approved a quarterly dividend of $0.2825 per share, payable February 15, 2024, to holders of record as of January 31, 2024.
Year-end Net Debt-to-Adjusted EBITDA ratio was 4.2 times; the company repurchased about $522 million of shares in 2023.
InterDigital released unaudited preliminary results for the quarter ended December 31, 2023, and an initial first-quarter 2024 outlook. Expected Q4 net income of about $34 million and diluted EPS of about $1.20 are both above the prior expectations, mainly due to an expected release of a valuation allowance against deferred tax assets in certain foreign jurisdictions. The company warned that final results could differ materially, with final figures due February 15, 2024.
Q4 2023 revenue expected at about $105 million, in line with prior guidance
Q4 net income expected at about $34 million, above the prior $18 million to $21 million; diluted EPS about $1.20 vs. prior $0.70 to $0.80
Q4 operating expenses expected at about $81 million, up from $77 million to $79 million due to higher litigation costs and performance-based compensation
Q1 2024 outlook: revenue $245 million to $255 million and net income $70 million to $85 million; final results due February 15, 2024
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.