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).
Pure Storage reported fiscal fourth-quarter 2024 revenue of $789.8 million, down 3% from a year earlier, while full-year revenue rose 3% to $2.8 billion. Fourth-quarter GAAP operating income fell to $57.4 million from $64.6 million, and diluted EPS was $0.20 versus $0.22. The company guided fiscal 2025 revenue to $3.1 billion and authorized up to an additional $250 million in share repurchases.
Q4 revenue $789.8 million, down 3% year-over-year; subscription services revenue $328.9 million, up 24%
Full-year fiscal 2024 GAAP net income $61.3 million, versus $73.1 million in fiscal 2023
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.
Sunstone Hotel Investors reported fourth quarter 2023 net income of $127.0 million, up from $17.5 million, mainly due to the $123.8 million gain on the sale of Boston Park Plaza. Excluding that gain, fourth quarter net income would have been $3.2 million, and Adjusted EBITDA re excluding noncontrolling interest fell 20.5% to $54.6 million. For full year 2023, net income was $206.7 million and Adjusted FFO per diluted share rose 9.2% to $0.95, while the company's 2024 guidance projects Adjusted FFO per diluted share of $0.78 to $0.90.
Q4 2023 Adjusted FFO per diluted share was $0.19, down 26.9% from $0.26 a year earlier
Comparable RevPAR fell 2.2% to $206.58 in Q4 2023; full year comparable RevPAR rose 5.6% to $226.56
2024 guidance: net income of $46 million to $71 million and Adjusted EBITDA re of $230 million to $255 million
The company repurchased 5,971,192 shares in 2023 at an average price of $9.43, with $454.7 million remaining under its authorization
Garmin reported fourth quarter 2023 revenue of $1.48 billion, up 13%, and full year 2023 revenue of $5.23 billion, up 8%, with pro forma diluted EPS of $5.59, up 9%. For 2024, the company expects revenue of about $5.75 billion but pro forma EPS of about $5.40, below its 2023 pro forma EPS, and it proposed a $3.00 per share dividend and a new $300 million share repurchase authorization.
Q4 2023 revenue was $1.48 billion, up 13%, and GAAP diluted EPS was $2.82 versus $1.53 a year earlier, including a $181 million Switzerland deferred tax benefit.
Full year 2023 pro forma diluted EPS was $5.59, up 9% from $5.13 in 2022.
2024 guidance calls for revenue of about $5.75 billion, up about 10%, and pro forma EPS of about $5.40.
The Board intends to recommend a $3.00 per share dividend for 2024, payable in four $0.75 installments, and authorized up to $300 million in share repurchases through December 26, 2026.
JBG SMITH reported fourth-quarter and full-year 2023 results on February 20, 2024. The company posted a full-year net loss of $80.0 million, or $0.78 per diluted share, compared with net income of $85.4 million, or $0.70 per share, in 2022, after $90.2 million of real estate impairment losses. Core FFO per diluted share rose to $1.46 from $1.30, and the management letter says the Board reduced the annual dividend rate to $0.70.
Full-year 2023 net loss of $80.0 million ($0.78 per diluted share) vs. net income of $85.4 million ($0.70) in 2022
Full-year 2023 Core FFO of $154.1 million ($1.46 per diluted share) vs. $155.3 million ($1.30) in 2022
Fourth-quarter Core FFO of $36.1 million ($0.38 per diluted share) vs. $34.3 million ($0.30) a year earlier
Board reduced the annual dividend rate to $0.70, as stated in the management letter dated February 20, 2024
Boise Cascade reported fourth-quarter 2023 net income of $97.5 million, or $2.44 per diluted share, down from $117.4 million, or $2.95, a year earlier, on sales of $1.6 billion, up 1%. For full-year 2023, net income fell 44% to $483.7 million ($12.12 per share) on sales down 18% to $6.8 billion, and the company also disclosed that its Wood Products executive vice president is retiring and has been succeeded.
Q4 2023 net income $97.5 million vs. $117.4 million in Q4 2022; diluted EPS $2.44 vs. $2.95
Full-year 2023 net income $483.7 million vs. $857.7 million in 2022; diluted EPS $12.12 vs. $21.56
Mike Brown, EVP Wood Products, retiring effective May 3, 2024; Troy Little appointed EVP Wood Products effective February 19, 2024, with a $540,000 base salary
2024 capital expenditures expected to total approximately $250 million to $270 million, excluding potential acquisition spending
Airbnb reported fourth-quarter 2023 revenue of $2.2 billion, up 17% from a year earlier, and Adjusted EBITDA of $738 million, up 46%. The company also posted a GAAP net loss of $349 million, which included about $1 billion of non-recurring tax withholding expenses and lodging tax reserves, compared with net income of $319 million in Q4 2022. The company also announced a new share repurchase program authorizing up to $6 billion of Class A common stock.
Q4 2023 revenue was $2.2 billion, up 17% year over year (14% excluding FX); full-year revenue was $9.9 billion.
Q4 net loss was $349 million, including about $1 billion of non-recurring tax items; Adjusted Net Income was $489 million.
Q4 Adjusted EBITDA was $738 million, up 46% from $506 million in Q4 2022.
A new share repurchase program authorizes up to $6 billion of Class A common stock, following $750 million remaining under the prior program as of December 31, 2023.
Watsco reported fourth-quarter and full-year 2023 results. Sales were at record levels, but diluted earnings per share declined from 2022, which included a one-time tax benefit. The company also raised its annual dividend 10% to $10.80 per share, effective with the April 2024 payment.
Q4 sales rose 1% to a record $1.60 billion; Q4 diluted EPS was $2.06 versus $3.55 a year earlier, which included a $1.20 net benefit from 2022 stock vesting
Full-year sales were $7.28 billion versus $7.27 billion; full-year diluted EPS was $13.67 versus $15.41 ($14.20 adjusted for 2022)
Annual dividend rate increased 10% to $10.80 per share, reflected in the April 2024 quarterly payment
Full-year operating cash flow was $562 million versus $572 million in 2022
Monolithic Power Systems reported fourth-quarter 2023 revenue of $454.0 million, down 1.3% from a year earlier, and GAAP diluted earnings of $1.98 per share, down from $2.45. For the full year, revenue rose 1.5% to $1.82 billion, but GAAP diluted earnings fell to $8.76 per share from $9.05. The board also raised the quarterly cash dividend by 25%, from $1.00 to $1.25 per share, payable April 15, 2024.
Q4 2023 revenue was $454.0 million, down 4.4% from $474.9 million in Q3 2023 and down 1.3% from $460.0 million a year earlier.
Q4 2023 GAAP net income was $96.9 million, or $1.98 per diluted share, versus $119.1 million, or $2.45 per diluted share, in Q4 2022.
Full-year 2023 revenue was $1,821.1 million; GAAP net income was $427.4 million, or $8.76 per diluted share.
Quarterly dividend increases to $1.25 per share, payable April 15, 2024 to holders of record as of March 29, 2024. First quarter 2024 revenue outlook is $437.0 million to $457.0 million.
Cirrus Logic reported fiscal third-quarter 2024 revenue of $619.0 million, up 5% from a year earlier, with GAAP diluted earnings per share of $2.50 versus $1.83 a year earlier. The company guided fourth-quarter revenue to $290 million to $350 million, down 48% sequentially and down 14% year over year at the midpoint, which is a sharp decline for shareholders to weigh against the quarter's results.
Q3 FY24 revenue was $619.0 million; GAAP diluted EPS was $2.50 and non-GAAP diluted EPS was $2.89, compared with $1.83 and $2.40 in Q3 FY23.
Q4 FY24 revenue guidance is $290 million to $350 million, down 48% sequentially and down 14% year over year at the midpoint.
One customer accounted for approximately 89 percent of total Q3 FY24 revenue.
The company repurchased 780,517 shares for $56.9 million in the quarter and had $365.1 million left in its repurchase authorization.
PJT Partners reported record full-year 2023 revenues of $1.15 billion, up 12%, and record fourth-quarter revenues of $329 million, up 17%. GAAP diluted EPS fell to $3.12 for the year from $3.51 and to $0.87 for the quarter from $0.95, so profit per share declined even as revenue grew. The Board also authorized a new $500 million Class A share repurchase program.
Full-year 2023 total revenues of $1.15 billion, up 12% from $1.03 billion; GAAP diluted EPS of $3.12 versus $3.51 in 2022
Fourth-quarter 2023 revenues of $329 million, up 17%; GAAP diluted EPS of $0.87 versus $0.95 a year earlier
Board authorized a $500 million Class A common stock repurchase program on February 5, 2024, replacing the April 25, 2022 authorization
Cash, cash equivalents and short-term investments of $437 million at December 31, 2023, with no funded debt
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.