151 material Form 8-K filings that 136 companies we cover made with the SEC in February 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).
California Water Service Group reported 2023 net income attributable to the company of $51.9 million, or $0.91 per diluted share, down from $96.0 million, or $1.77 per share, in 2022. The company attributed the decline primarily to the delayed final decision from the California Public Utilities Commission on its pending 2021 General Rate Case, and said it cannot reasonably estimate the impact on 2023 revenue and expenses until that decision is made.
Full-year 2023 operating revenue was $794.6 million, down $51.8 million from $846.4 million in 2022.
Fourth-quarter 2023 net income attributable to the company was $30.1 million, or $0.52 per diluted share, versus $19.6 million, or $0.35, in the fourth quarter of 2022.
On January 24, 2024, CPUC administrative law judges issued a Proposed Decision and a commissioner issued an Alternate Proposed Decision on the 2021 General Rate Case; the company cannot determine which will be adopted.
The Board increased the quarterly cash dividend by 7.7% to $0.28 per share on January 25, 2024.
Universal Display reported fourth-quarter 2023 revenue of $158.3 million, down from $169.0 million a year earlier, and full-year 2023 revenue of $576.4 million, down from $616.6 million. Net income also declined for both periods, and the company gave a 2024 revenue range of $625 million to $675 million.
Q4 2023 net income was $62.0 million, or $1.29 per diluted share, versus $65.1 million, or $1.36, in Q4 2022.
Full-year 2023 net income was $203.0 million, or $4.24 per diluted share, versus $210.1 million, or $4.40, in 2022.
The company expects 2024 revenue of $625 million to $675 million and declared a $0.40 per share first-quarter dividend payable March 29, 2024.
UFP Industries reported fourth-quarter 2023 net sales of $1.5 billion, down 20% from a year earlier, and diluted earnings per share of $1.62, down from $2.10. Fiscal 2023 diluted EPS was $8.07, down 26%, and management expects softer demand and a more competitive price environment in the first half of 2024, while raising its five-year unit growth and profitability goals.
Q4 2023 net sales were $1.52 billion, down 20%, driven by a 10% decline in prices and a 10% decline in organic unit sales.
Q4 2023 net earnings attributable to controlling interest were $103 million, with diluted EPS of $1.62 versus $2.10 in Q4 2022.
Fiscal 2023 net sales were $7.2 billion, down 25%, with diluted EPS of $8.07.
The board approved a quarterly dividend of $0.33 per share, payable March 15, 2024, up 10% from $0.30.
Marcus & Millichap reported a fourth-quarter 2023 net loss of $10.2 million, or $0.27 per diluted share, compared with net income of $7.9 million a year earlier, as total revenue fell 36.7% to $166.2 million. For the full year, the company posted a net loss of $34.0 million, or $0.88 per diluted share, against net income of $104.2 million in 2022, and management said the near-term challenges are expected to extend through the first half of 2024.
Q4 2023 total revenue was $166.2 million, down from $262.4 million; brokerage commissions fell 38.7% to $144.6 million.
Full-year 2023 revenue was $645.9 million, down 50.4% from $1,301.7 million, and adjusted EBITDA was $(19.6) million versus $165.5 million in 2022.
In 2023 the company paid $20.4 million in dividends and repurchased shares for $38.9 million, leaving about $71.5 million available under its repurchase program.
The filing says results are preliminary until the Form 10-K is filed, and the company has not yet filed that report.
Cohu reported fourth-quarter 2023 net sales of $137.2 million, down from $191.1 million a year earlier, and a GAAP net loss of $2.0 million, or $0.04 per share, compared with net income of $21.6 million a year earlier. The company also guided first-quarter 2024 sales to $107 million plus or minus $6 million and paid $29.4 million to fully repay and terminate its Term Loan credit agreement, which had been due October 1, 2025.
Q4 2023 GAAP net loss of $2.0 million, or $0.04 per share, versus net income of $21.6 million, or $0.45 per diluted share, in Q4 2022
Full-year 2023 net sales of $636.3 million, down from $812.8 million in 2022; GAAP net income of $28.2 million, or $0.59 per share, versus $96.8 million, or $1.98 per share
Q1 2024 sales guidance of $107 million plus or minus $6 million
Paid $29.4 million to Deutsche Bank on February 9, 2024 to terminate the Credit Agreement, with no early termination penalty
Cognex reported fourth-quarter 2023 revenue of $196.7 million, down 18% from the prior-year quarter, and net income of $11.2 million, down 80%. Full-year 2023 revenue was $837.5 million, down 17%, and net income was $113.2 million, down 47%. The company also gave a first-quarter 2024 revenue range of $190 million to $205 million and declared a quarterly dividend of $0.075 per share.
Q4 2023 diluted EPS was $0.07 versus $0.32 in Q4 2022; adjusted diluted EPS was $0.11 versus $0.28
Full-year 2023 diluted EPS was $0.65 versus $1.23 in 2022; adjusted diluted EPS was $0.73 versus $1.33
Q1 2024 revenue guidance is $190 million to $205 million, with Moritex expected to contribute 6-8% of revenue
Quarterly dividend of $0.075 per share is payable March 14, 2024, to holders of record on February 29, 2024
Ryder reported fourth-quarter 2023 results with GAAP diluted EPS from continuing operations of $2.74, down from $4.06, and comparable EPS of $2.95, down from $3.89, as weaker used vehicle sales and rental conditions offset gains in Supply Chain Solutions. The company also gave 2024 comparable EPS guidance of $11.50 to $12.50, compared with $12.95 for full-year 2023.
Q4 2023 total revenue was $3.0 billion versus $3.1 billion a year earlier; operating revenue rose 2% to $2.4 billion.
Fleet Management Solutions EBT fell 48% to $134 million on lower used vehicle sales and rental results.
Full-year 2024 comparable EPS outlook is $11.50 to $12.50, versus $12.95 in 2023; Q1 2024 comparable EPS is expected at $1.55 to $1.80.
Comstock Resources reported fourth-quarter 2023 total revenues of $410.6 million, down from $922.4 million a year earlier, as weak natural gas prices weighed on results. Net income was $108.4 million, or $0.39 per share, but it included a $107.3 million unrealized hedging gain; adjusted net income was $27.9 million, or $0.10 per share, versus $287.7 million a year earlier. The company plans to suspend its quarterly dividend until gas prices improve and to cut its operating rigs from seven to five.
Q4 2023 total revenues were $410.6 million, versus $922.4 million in Q4 2022.
Q4 2023 adjusted net income was $27.9 million, or $0.10 per share, versus $287.7 million, or $1.05 per share, a year earlier.
Proved reserves fell to 4.9 Tcfe at December 31, 2023, from 6.7 Tcfe, mainly due to lower gas prices used in the estimate.
For 2024, the company plans to spend $750 million to $850 million on development and exploration and to suspend its dividend until gas prices improve.
QuinStreet reported fiscal second-quarter 2024 results for the quarter ended December 31, 2023, with revenue down 8% year over year and a GAAP net loss that widened from the prior-year period. The company said it expects revenue of $160 million to $170 million and adjusted EBITDA of $7 million to $9 million for fiscal third quarter, and it continues to expect full-year fiscal 2024 revenue to grow 5% to 15%.
Q2 revenue was $122.7 million, down 8% from the prior year; GAAP net loss was $(11.6) million, or $(0.21) per diluted share, versus $(8.0) million, or $(0.15), a year earlier
Adjusted EBITDA was $0.4 million, compared with $1.0 million in the prior-year quarter
Fiscal Q3 outlook: revenue of $160 million to $170 million and adjusted EBITDA of $7 million to $9 million
Full-year fiscal 2024 revenue growth outlook of 5% to 15% was reiterated; cash totaled $45.5 million with no bank debt
Silicon Labs reported fourth-quarter 2023 revenue of $87 million, down from $257 million a year earlier, and a GAAP diluted loss of $2.19 per share versus diluted earnings of $0.76 a year earlier. The company said results were ahead of its expectations and guided first-quarter 2024 revenue to $100 million to $110 million, with a GAAP diluted loss per share of $(1.89) to $(2.05). The filing also discloses a material weakness in internal controls over certain inventory controls, though the company said it has identified no misstatements to date.
Q4 2023 revenue was $86.8 million versus $257.3 million in Q4 2022; GAAP operating loss was $73.1 million versus operating income of $24.1 million
Q1 2024 guidance: revenue of $100 million to $110 million; GAAP diluted loss per share of $(1.89) to $(2.05)
Board authorized a $100 million share repurchase plan on January 25, 2024, valid through the end of 2024
Company disclosed a material weakness related to inventory controls and expects to file its Form 10-K by the end of February 2024
Advanced Energy reported fourth-quarter and full-year 2023 results on February 6, 2024. Q4 revenue of $405.3 million was down from $490.7 million a year earlier, and full-year 2023 revenue fell 10% from $1.85 billion, while GAAP EPS from continuing operations dropped to $3.46 from $5.35. For shareholders, the year-over-year declines in revenue and earnings are the main takeaway, and the company guided first-quarter 2024 revenue to a range of $335 million to $365 million.
Q4 2023 revenue was $405.3 million, versus $410.0 million in Q3 2023 and $490.7 million in Q4 2022
Q4 2023 GAAP diluted EPS from continuing operations was $1.01, including a $25.6 million tax benefit and an $18.1 million restructuring and impairment charge
Full-year 2023 GAAP diluted EPS from continuing operations was $3.46, versus $5.35 in 2022; non-GAAP EPS was $4.88 versus $6.49
Q1 2024 revenue guidance is $335 million to $365 million, with non-GAAP EPS guidance of $0.50 to $0.90
Energizer Holdings reported fiscal first-quarter 2024 results for the quarter ended December 31, 2023, with net sales down 6.3% to $716.6 million and GAAP diluted EPS of $0.03, versus $0.68 a year earlier. The company reaffirmed its fiscal 2024 outlook and raised its Project Momentum savings estimate, but a $21.0 million Argentina currency loss and higher SG&A weighed on profit.
Net sales were $716.6 million versus $765.1 million, down 6.3%; organic net sales fell 7.4%.
Adjusted diluted EPS was $0.59 versus $0.72 a year earlier; GAAP diluted EPS was $0.03 versus $0.68.
Fiscal 2024 Adjusted EPS outlook of $3.10 to $3.30 and Adjusted EBITDA outlook of $600 million to $620 million were reaffirmed.
Project Momentum savings estimate was raised to $160 million to $180 million from $130 million to $150 million.
Dolby Laboratories reported first-quarter fiscal 2024 results for the quarter ended December 29, 2023, with total revenue of $315.6 million, down from $334.9 million a year earlier, and GAAP diluted earnings per share of $0.69, down from $0.82. The company also declared a $0.30 per share cash dividend and gave second-quarter revenue guidance of $345 million to $375 million.
Total revenue was $315.6 million vs. $334.9 million in the prior-year quarter.
GAAP net income was $67.0 million, or $0.69 per diluted share, vs. $79.4 million, or $0.82, a year earlier.
Non-GAAP diluted EPS was $1.01 vs. $1.11 a year earlier; the company repurchased 968 thousand shares.
Cash dividend of $0.30 per share is payable February 22, 2024, to holders of record on February 13, 2024.
Columbia Sportswear reported fourth quarter 2023 net sales down 9% to $1,060.0 million and diluted EPS down 23% to $1.55, and forecast lower 2024 results, with net sales of $3.35 to $3.42 billion and diluted EPS of $3.45 to $3.85 versus $4.09 in 2023. Management said it expects 2024 to be a challenging year and is launching a profit improvement program targeting $125 to $150 million in annual savings by 2026.
Q4 2023 net sales fell 9% to $1,060.0 million; operating income fell 27% to $113.1 million, including a $25.0 million prAna impairment charge.
2024 outlook: net sales of $3.35 to $3.42 billion (decline of 4.0% to 2.0%) and operating income of $256 to $288 million, versus $310.3 million in 2023.
Full year 2023 operating cash flow was $636.3 million; the company repurchased $184.0 million of stock and had $345.3 million left under its authorization at year end.
Board declared a quarterly dividend of $0.30 per share, payable March 22, 2024 to holders of record on March 8, 2024.
Brunswick reported fourth-quarter 2023 net sales of $1,361.9 million, down 14% from a year earlier, and GAAP diluted EPS of $1.03 versus $1.93. For full-year 2023, GAAP diluted EPS fell 32.3% to $6.13 and adjusted diluted EPS fell 12.3% to $8.80. The company guided 2024 net sales of $6.0 billion to $6.2 billion and adjusted diluted EPS of $7.00 to $8.00, and its board increased the share repurchase authorization to over $500 million.
Q4 2023 net sales were $1,361.9 million, down from $1,582.7 million; GAAP diluted EPS was $1.03 versus $1.93, and adjusted EPS was $1.45 versus $1.99.
Full-year 2023 net sales were $6.4 billion, down 6.0%; GAAP diluted EPS was $6.13 versus $9.06 in 2022.
2024 guidance: net sales of $6.0 billion to $6.2 billion, adjusted diluted EPS of $7.00 to $8.00, and free cash flow in excess of $350 million.
Board increased the share repurchase authorization; over $500 million is now approved for repurchases.
Revvity reported fourth-quarter 2023 revenue of $696 million, down from $741 million a year earlier, and adjusted EPS from continuing operations of $1.25, down from $1.41. For full year 2023, adjusted EPS fell to $4.65 from $6.92 and revenue fell to $2,751 million from $3,313 million, and the company initiated 2024 guidance of $2.79-$2.85 billion in revenue and $4.55-$4.75 in adjusted EPS.
Q4 2023 revenue was $696 million, down 6% on a reported basis from $741 million; GAAP EPS was $0.64 versus $1.01.
Full year 2023 adjusted EPS from continuing operations was $4.65, versus $6.92 in 2022; Diagnostics full-year revenue fell 28% to $1,459 million.
2024 guidance: total revenue of $2.79-$2.85 billion and adjusted EPS of $4.55-$4.75.
Full year 2023 GAAP EPS of $5.55 was boosted by income from discontinued operations of $4.11 per share.
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.