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8-K filings in February 2024, explained

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).

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DORMDorman Products, Inc. Feb 26, 4:46 PM ET

Dorman Products Q4 EPS rises to $1.60; 2024 guidance sees diluted EPS of $4.71 to $5.01

Mixed earnings Written later 2.027.01

Dorman Products reported fourth-quarter 2023 net sales of $494.3 million, down 1% from a year earlier because the prior-year quarter included an extra week, while diluted EPS rose to $1.60 from $0.57. For full year 2023, net sales rose 11% to $1.93 billion, but adjusted diluted EPS fell 5% to $4.54, and the company issued 2024 guidance for diluted EPS of $4.71 to $5.01.

  • Q4 2023 net sales were $494.3 million, down 1% from $501.3 million; the company estimates the extra week in Q4 2022 contributed $19 million, and excluding it sales rose 3%.
  • Q4 2023 diluted EPS was $1.60 versus $0.57, and adjusted diluted EPS was $1.57 versus $1.01.
  • Full year 2023 diluted EPS was $4.10 versus $3.85, while adjusted diluted EPS was $4.54 versus $4.76.
  • 2024 guidance calls for net sales growth of 3% to 5%, diluted EPS of $4.71 to $5.01, and adjusted diluted EPS of $5.40 to $5.70; the company also reorganized into three segments and will hold a conference call on February 27, 2024.
Read the filing on SEC.gov ↗
CARGCarGurus, Inc. Feb 26, 4:05 PM ET

CarGurus Q4 revenue fell 22% to $223.1 million; GAAP net loss of $22.6 million

Mixed earnings Written later 2.025.02

CarGurus reported fourth-quarter 2023 total revenue of $223.1 million, down 22% from a year earlier, and a GAAP consolidated net loss of $22.6 million, compared with net income of $23.2 million in the prior-year quarter. Marketplace revenue rose 10% to $182.3 million, and non-GAAP consolidated adjusted EBITDA rose 120% to $61.2 million, but the GAAP loss was driven in part by $55.5 million of stock-based compensation tied to CarOffer, LLC Units. The company also gave first-quarter 2024 revenue guidance of $201 million to $221 million.

  • Q4 2023 total revenue was $223.1 million, down 22%; full-year revenue was $914.2 million, down 45%.
  • Q4 GAAP consolidated net loss was $(22.6) million; full-year GAAP consolidated net income was $22.1 million, down 72%.
  • Q1 2024 guidance: total revenue of $201 million to $221 million, adjusted EBITDA of $41 million to $49 million, non-GAAP EPS of $0.24 to $0.29.
  • Chief People Officer Andrea Eldridge steps down effective April 5, 2024, with a $258,750 lump-sum severance payment.
Read the filing on SEC.gov ↗

International Bancshares 2023 net income rises 37.2% to $411.8 million

Mixed earnings Written later 2.02

International Bancshares reported 2023 net income of $411.8 million, or $6.62 per diluted share, up from $300.2 million, or $4.78 per diluted share, in 2022. Fourth-quarter net income was $106.4 million, up 1.0% from $105.4 million a year earlier, while total deposits and total assets declined over the year.

  • Full-year 2023 net income was $411.8 million, up 37.2% from $300.2 million in 2022
  • Diluted earnings per share were $6.62 for 2023, compared with $4.78 in 2022, an increase of 38.5%
  • Fourth-quarter 2023 net income was $106.4 million, compared with $105.4 million for the same period in 2022
  • Deposits were $11.8 billion at December 31, 2023, down from $12.7 billion; total assets were $15.1 billion, down from $15.5 billion
Read the filing on SEC.gov ↗

PSEG 2023 net income rises to $5.13 per share; fourth-quarter profit falls

Mixed earnings Written later 2.027.01

PSEG reported full-year 2023 net income of $2.56 billion, or $5.13 per share, up from $1.03 billion, or $2.06 per share, in 2022. Non-GAAP operating earnings were $3.48 per share, close to the $3.47 reported for 2022, and fourth-quarter results declined from a year earlier. The company reaffirmed its 2024 non-GAAP operating earnings guidance of $3.60 to $3.70 per share.

  • Full-year 2023 operating revenues were $11.24 billion, compared with $9.80 billion in 2022.
  • Fourth-quarter 2023 net income was $546 million, or $1.10 per share, versus $788 million, or $1.58 per share, in the fourth quarter of 2022.
  • Full-year 2023 non-GAAP operating earnings were $3.48 per share; the company said this came in at the high end of its 2023 guidance range.
  • Management reaffirmed 2024 non-GAAP operating earnings guidance of $3.60 to $3.70 per share and set an indicative 2024 annual common dividend rate of $2.40 per share, up $0.12.
Read the filing on SEC.gov ↗

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.