149 material Form 8-K filings that 134 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).
Kirby reported fourth-quarter 2023 net earnings attributable to Kirby of $61.9 million, or $1.04 per diluted share, up from $37.3 million, or $0.62, a year earlier, on revenue of $799.2 million versus $730.2 million. The company also said it expects 2024 earnings to grow 30% to 40% year over year and projected 2024 operating cash flow of $600 million to $700 million, and Chairman Joseph H. Pyne will retire, with Richard J. Alario succeeding him as chairman at the April 26, 2024 annual meeting.
Q4 2023 diluted EPS of $1.04 vs. $0.62 in Q4 2022; revenue of $799.2 million vs. $730.2 million
Full-year 2023 diluted EPS of $3.72 vs. $2.03 in 2022; revenue of $3.1 billion vs. $2.8 billion
2024 outlook: earnings growth of 30% to 40% and operating cash flow of $600 million to $700 million
Joseph H. Pyne retires as chairman; Richard J. Alario becomes chairman effective April 26, 2024
St. Joe issued a press release on February 1, 2024 reporting record 2023 operating activity across its residential, hospitality and commercial segments. The release gives operating metrics only, with no revenue, profit or EPS figures, and says full fourth quarter and full year 2023 results will be released after the market close on February 21, 2024.
1,704 total sales of homes and homesites in 2023, the most in company history
Watersound Club membership rose by 713 members to 3,317 at year-end, a record increase
Commercial portfolio of 1,028,831 square feet under lease, about 95% occupancy, with 44 new leases signed
Full fourth quarter and 2023 financial results expected after market close on February 21, 2024
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.
Deckers announced that CEO Dave Powers will retire effective August 1, 2024, and that Chief Commercial Officer Stefano Caroti will succeed him as President and CEO on that date. Powers is expected to remain on the board, and Caroti's pay package includes a $1,200,000 base salary and approximately $6,000,000 in equity awards, which matters to shareholders because it changes the company's top executive.
Dave Powers retires as President and CEO effective August 1, 2024, and is expected to stay on the board.
Stefano Caroti, age 60, becomes President and CEO effective August 1, 2024; he joined as Chief Commercial Officer in April 2023.
Caroti's compensation includes a $1,200,000 annual base salary, a target cash incentive of 150% of base salary, and approximately $6,000,000 in equity awards.
Ensign Group reported fourth-quarter and full-year 2023 results, with revenue up 23.3% for the year and adjusted diluted EPS up 15.2%. GAAP diluted EPS fell from the prior year because of litigation costs outside the ordinary course of business, and the company issued 2024 guidance calling for diluted EPS of $5.29 to $5.47 and revenue of $4.13 billion to $4.17 billion.
Full-year 2023 total revenue was $3.73 billion, up 23.3%; fourth-quarter revenue was $980.4 million, up 21.1%.
Full-year GAAP diluted EPS was $3.65 versus $3.95 in 2022; adjusted diluted EPS was $4.77, up 15.2%.
Fourth-quarter GAAP diluted EPS was $0.38 versus $1.06, including $58.8 million of litigation costs that the company excludes from adjusted results.
2024 guidance: diluted EPS of $5.29 to $5.47 and revenue of $4.13 billion to $4.17 billion.
Deckers reported record third-quarter fiscal 2024 results for the quarter ended December 31, 2023, with net sales up 16.0% to $1.560 billion and diluted EPS of $15.11, compared with $10.48 a year earlier. The company raised its full-year fiscal 2024 revenue and diluted EPS guidance, which indicates higher expected profit for shareholders.
Net sales rose 16.0% to $1.560 billion from $1.346 billion; DTC net sales rose 22.7% and wholesale rose 8.6%.
Diluted EPS was $15.11 versus $10.48; gross margin was 58.7% versus 53.0%.
Fiscal 2024 diluted EPS guidance was raised to $26.25 to $26.50, and net sales are now expected to be about $4.15 billion.
The company repurchased about $99.7 million of its stock in the quarter and had about $1.046 billion remaining under its repurchase authorization as of December 31, 2023.
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.
SkyWest reported fourth-quarter 2023 net income of $18 million, or $0.42 per diluted share, compared with a net loss of $47 million a year earlier, as revenue rose 10% to $752 million. For full-year 2023, net income fell to $34 million, or $0.77 per diluted share, from $73 million, or $1.44, in 2022. Shareholders also saw the company repurchase $289 million of stock during 2023 and take a 25% stake in Contour Airlines.
Q4 2023 revenue was $752 million, up $71 million, or 10%, from $681 million in Q4 2022
Full-year 2023 net income was $34 million, or $0.77 per diluted share, versus $73 million, or $1.44, in 2022
SkyWest repurchased $45 million of stock in Q4 2023 and $289 million for the full year, with $91 million of authorization remaining
SkyWest acquired a 25% ownership stake in Contour Airlines, a Part 135 carrier
Chemed granted David P. Williams, who now serves as an advisor to the Chief Executive Officer, 6,424 Performance Share Units and agreed to pay him a monthly salary of $38,750. The units vest into company shares based on Chemed's total shareholder return over the next three calendar years, tying part of his pay to shareholder returns.
Grant of 6,424 Performance Share Units to David P. Williams, dated January 29, 2024
Monthly salary of $38,750 for his role as advisor to the CEO
Units vest into shares depending on total shareholder return over the next three calendar years
Company may terminate his employment on twelve months' written notice
Illinois Tool Works reported fourth-quarter 2023 revenue of $4.0 billion, up 0.3% from a year earlier, and diluted EPS of $2.38, down from $2.95. For full year 2023, revenue rose 1% to $16.1 billion and diluted EPS was $9.74, versus $9.77 in 2022. The company also initiated 2024 GAAP EPS guidance of $10.00 to $10.40, which it says is a 5% increase at the midpoint.
Q4 2023 revenue was $3,983 million vs. $3,971 million in Q4 2022; organic revenue fell 0.5%.
Q4 2023 diluted EPS was $2.38 vs. $2.95 a year earlier, including a $0.04 impact from Argentina's currency devaluation.
Full year 2023 revenue was $16.1 billion, up 1%; diluted EPS of $9.74 rose 6% excluding 2022 divestiture gains of $0.60.
2024 guidance: GAAP EPS of $10.00 to $10.40, revenue growth of 2% to 4%, and planned share repurchases of about $1.5 billion.
MACOM reported fiscal first quarter 2024 revenue of $157.1 million, down 12.7% from a year earlier but up 4.5% from the prior quarter. GAAP net income was $12.5 million, or $0.17 per diluted share, compared with $29.5 million, or $0.41, a year earlier. For the fiscal second quarter ending March 29, 2024, the company expects revenue of $178 million to $184 million.
Revenue was $157.1 million, down from $180.1 million a year earlier and up from $150.4 million in the prior quarter
GAAP gross margin was 55.6%, compared with 61.3% a year earlier
Adjusted net income was $41.8 million, or $0.58 per diluted share, compared with $58.0 million, or $0.81, a year earlier
Outlook for the quarter ending March 29, 2024: revenue of $178 million to $184 million and adjusted earnings of $0.56 to $0.62 per diluted share
HII reported fourth quarter 2023 revenue of $3.2 billion, up 13% from a year earlier, and diluted earnings per share of $6.90 versus $3.07. For full year 2023, revenue reached a record $11.5 billion, up 7.3%, and diluted EPS was $17.07 versus $14.44. The company also issued 2024 outlook calling for shipbuilding revenue of $8.8 billion to $9.1 billion and free cash flow of $600 million to $700 million.
Q4 2023 operating income was $312 million, with operating margin of 9.8% versus 3.7% a year earlier; segment operating income was lifted by the sale of a court judgment and an insurance claim settlement
Full year 2023 net earnings were $681 million, up from $579 million in 2022; free cash flow was $692 million
New contract awards in 2023 were about $12.5 billion, bringing total backlog to about $48.1 billion as of December 31, 2023
FY24 outlook: shipbuilding revenue of $8.8 billion to $9.1 billion, Mission Technologies revenue of $2.7 billion to $2.75 billion, and free cash flow of $600 million to $700 million
BrightSphere Investment Group (NYSE: BSIG), whose sole operating business is Acadian Asset Management, reported fourth-quarter 2023 results on February 1, 2024. U.S. GAAP diluted EPS fell 25.0% to $0.54 from $0.72 a year earlier, as operating expenses rose 27.8%, while total revenue grew 6.9% to $131.2 million and ENI diluted EPS rose to $0.77 from $0.67. The filing also declares a $0.01 quarterly dividend and reports $2.0 billion of net client outflows for the quarter.
Total revenue of $131.2 million, up 6.9% from $122.7 million in Q4 2022, mainly from higher management fees
U.S. GAAP net income attributable to controlling interests of $22.8 million, down from $30.4 million; operating expenses rose 27.8% to $95.6 million
Net client outflows of $(2.0) billion in Q4 2023; AUM of $103.7 billion at December 31, 2023
Quarterly dividend of $0.01 per share payable March 28, 2024 to holders of record as of March 15, 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.