188 material Form 8-K filings that 175 companies we cover made with the SEC in April 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).
Essex Property Trust reported first-quarter 2024 net income of $4.25 per diluted share, up from $2.38, with the increase largely due to a gain on remeasurement of co-investments. Core FFO per diluted share rose 4.9% to $3.83 and exceeded the midpoint of company guidance by $0.09, and the company raised its full-year 2024 Core FFO guidance midpoint by $0.20 to $15.23.
Net income per diluted share of $4.25 for Q1 2024 versus $2.38 in Q1 2023, driven by a $138.3 million gain on remeasurement of co-investments
Core FFO per diluted share of $3.83 for Q1 2024, up 4.9% from $3.65, and $0.09 above the guidance midpoint
Full-year 2024 Core FFO guidance range raised to $15.03 to $15.43 per diluted share, midpoint up $0.20
Same-property revenue growth of 3.6% and NOI growth of 3.0% year over year for Q1 2024
American Assets Trust reported first-quarter 2024 net income attributable to common stockholders of $19.3 million, or $0.32 per diluted share, up from $16.1 million, or $0.27, a year earlier. The company also raised its 2024 FFO per diluted share guidance to $2.24 to $2.34, which the filing says is a 1% increase at the midpoint. Shareholders should note that first-quarter net income was helped by a $10 million settlement payment.
Q1 2024 FFO per diluted share was $0.71, up 8% from $0.66 a year earlier.
Same-store cash NOI rose 1.5% to $66.8 million; excluding a $0.5 million construction in progress write-off, it rose 2.3%.
2024 FFO guidance was raised to $2.24 to $2.34 per share, from $2.19 to $2.33 previously, with a midpoint of $2.29.
Total revenue was $110.7 million for the quarter, compared with $107.8 million a year earlier.
JBG SMITH reported a first-quarter 2024 net loss of $32.3 million, or $0.36 per diluted share, compared with net income of $21.2 million a year earlier, and Core FFO fell to $26.9 million from $37.2 million. Management expects downward pressure on earnings from tenant vacates at least through the end of 2025, which matters to shareholders because it signals weaker earnings ahead even as the company sells assets and buys back shares.
Q1 2024 net loss of $32.3 million ($0.36 per diluted share) versus net income of $21.2 million ($0.19) in Q1 2023; the quarter included a $17.2 million impairment loss.
Core FFO attributable to common shareholders was $26.9 million ($0.29 per diluted share), down from $37.2 million ($0.33) a year earlier.
Management expects downward pressure on earnings from known tenant vacates, persisting at least through the end of 2025.
Repurchased 3.0 million shares for $49.4 million at $16.50 per share; declared a quarterly dividend of $0.175 per common share payable May 24, 2024.
Edison International reported a first-quarter 2024 net loss of $11 million, or $0.03 per share, compared with net income of $310 million, or $0.81 per share, a year earlier. The company raised its estimate of losses from the 2017/2018 wildfire and mudslide events by $490 million, and it affirmed its 2024 core EPS guidance of $4.75 to $5.05 while core EPS rose to $1.13 from $1.09.
Q1 2024 net loss of $11 million, or $0.03 per share, versus net income of $310 million, or $0.81 per share, in Q1 2023
Core EPS of $1.13 versus $1.09 a year earlier; core earnings of $438 million
$490 million increase in estimated losses for the 2017/2018 Wildfire/Mudslide Events; net after-tax charge of $333 million
2024 core EPS guidance of $4.75 to $5.05 affirmed; basic EPS guidance of $3.59 to $3.89 reflects $1.16 per share of non-core items
Tanger Inc. reported first-quarter 2024 revenue of $123.4 million, up from $108.9 million a year earlier, and Core FFO of $0.52 per share, up from $0.46. GAAP net income available to common shareholders fell to $0.20 per share from $0.22, and the company raised its full-year 2024 Core FFO guidance to $2.03 to $2.11 per share from $2.02 to $2.10.
Q1 2024 revenue was $123.4 million versus $108.9 million in Q1 2023, and FFO available to common shareholders was $0.51 per share versus $0.47.
Net income available to common shareholders was $22.2 million, or $0.20 per share, versus $23.3 million, or $0.22 per share, a year earlier.
Full-year 2024 Core FFO guidance was raised to $2.03 to $2.11 per share from $2.02 to $2.10 per share.
The Board approved a 5.8% dividend increase to $1.10 per share annualized, with a quarterly dividend of $0.275 per share payable May 15, 2024.
Illinois Tool Works reported first-quarter 2024 revenue of $4.0 billion, down 1%, with organic growth down 0.6%. GAAP EPS rose 17% to $2.73, but that figure includes a $0.29 benefit from a one-time LIFO-to-FIFO inventory accounting change; excluding it, EPS was $2.44, up 5%. The company raised its full-year GAAP EPS guidance by $0.30 to $10.30 to $10.70 and reaffirmed organic growth guidance of 1% to 3%.
Revenue of $3,973 million, down 1% from $4,019 million in Q1 2023; organic growth was down 0.6%
GAAP diluted EPS of $2.73, up 17%; excluding the one-time $0.29 item, EPS was $2.44, up 5%
Operating income of $1.13 billion included $117 million of pre-tax benefit; excluding it, operating income was $1.01 billion, up 4%
Full-year 2024 GAAP EPS guidance raised by $0.30 to $10.30 to $10.70; plans to repurchase about $1.5 billion of shares
Kirby reported first quarter 2024 net earnings attributable to Kirby of $70.1 million, or $1.19 per diluted share, up from $40.7 million, or $0.68 per share, a year earlier, on revenue of $808.0 million versus $750.4 million. The company also said it expects quarterly earnings to strengthen as the year progresses and named Christian G. O'Neil as President and Chief Operating Officer, effective April 26, 2024.
Net earnings attributable to Kirby were $70.1 million, or $1.19 per diluted share, versus $40.7 million, or $0.68 per share, in the first quarter of 2023.
Consolidated revenues were $808.0 million versus $750.4 million; marine transportation revenues were $475.4 million and distribution and services revenues were $332.6 million.
Christian G. O'Neil, 52, will become President and Chief Operating Officer at the conclusion of the 2024 Annual Stockholder Meeting on April 26, 2024; his compensation arrangement has not been determined.
For 2024, Kirby expects net cash provided by operating activities of $600 million to $700 million and capital spending of $290 million to $330 million.
Columbia Sportswear reported first quarter 2024 net sales of $770.0 million, down 6% from a year earlier, and operating income of $44.7 million, down 21%. The company raised its full-year 2024 diluted EPS outlook to $3.65 to $4.05 from $3.45 to $3.85, while keeping its net sales outlook unchanged, and declared a $0.30 quarterly dividend.
Q1 2024 net sales were $770.0 million versus $820.6 million in Q1 2023; diluted EPS was $0.71 versus $0.74.
Operating income fell to $44.7 million from $56.4 million; gross margin rose to 50.6% from 48.7%.
2024 net sales outlook unchanged at $3.35 to $3.42 billion; diluted EPS outlook raised to $3.65 to $4.05.
Quarterly dividend of $0.30 per share is payable May 30, 2024 to holders of record on May 16, 2024; $50.2 million of stock was repurchased in the quarter.
Exponent reported first-quarter 2024 revenues before reimbursements up 6.6% to $137.2 million and diluted earnings per share of $0.59, up from $0.56 a year earlier. The company raised its fiscal 2024 revenue and EBITDA margin guidance and declared a $0.28 quarterly dividend payable June 21, 2024.
Q1 2024 net income was $30.1 million, or $0.59 per diluted share, versus $29.1 million, or $0.56, in Q1 2023.
Fiscal 2024 guidance raised: revenues before reimbursements expected to grow in the low-single digits, and EBITDA expected at 26.25% to 27.0% of revenues before reimbursements.
Q2 2024 outlook: revenues before reimbursements flat to up in the low-single digits, and EBITDA at 27.25% to 28.25%.
Quarterly cash dividend of $0.28 per share, payable June 21, 2024 to holders of record as of June 7, 2024.
WEX reported first-quarter 2024 revenue of $652.7 million, up 7% from a year earlier, and adjusted net income of $3.46 per diluted share, up 5%. GAAP net income was $65.8 million, or $1.55 per diluted share, compared with $1.56 a year earlier. The company raised its full-year 2024 revenue and adjusted earnings guidance, which matters to shareholders because it signals management's higher expectations for the year.
Q1 2024 revenue was $652.7 million, up 7% from $612.0 million; GAAP net income was $65.8 million, or $1.55 per diluted share, versus $1.56 a year earlier
Adjusted net income was $146.7 million, or $3.46 per diluted share, versus $3.31 a year earlier
Full-year 2024 revenue guidance raised to $2.73 billion to $2.77 billion from $2.70 billion to $2.74 billion
Full-year 2024 adjusted EPS guidance raised to $16.10 to $16.60 from $15.90 to $16.40 per diluted share
Dover reported first-quarter 2024 revenue of $2.1 billion, up 1%, and GAAP diluted EPS of $4.52, up 177%, the latter boosted by a $530 million pre-tax gain on the sale of De-Sta-Co. Adjusted diluted EPS was $1.95, up 1%, and management narrowed full-year adjusted EPS guidance to the higher end of its $9.00 to $9.15 range.
Q1 2024 revenue of $2.1 billion, up 1% (organic revenue down 1%)
GAAP net earnings of $632 million, up 177%, including a $530 million pre-tax gain on the De-Sta-Co sale
Adjusted diluted EPS of $1.95, up 1% from $1.94 a year earlier
Full-year 2024 adjusted EPS guidance of $9.00 to $9.15, narrowed to the higher end of the range; a $500 million accelerated share repurchase was launched
California Water Service Group reported first-quarter 2024 net income attributable to the company of $69.9 million, or diluted EPS of $1.21, compared with a net loss of $22.2 million, or $(0.40) per share, a year earlier. The results were driven by the California Public Utilities Commission's March 7, 2024 decision on Cal Water's 2021 General Rate Case, which added $111.8 million to operating revenue, including $87.9 million of retroactive interim rate relief related to 2023.
Net income attributable to the company was $69.9 million in Q1 2024 versus a net loss of $22.2 million in Q1 2023; diluted EPS was $1.21 versus $(0.40).
Operating revenue was $270.7 million versus $131.1 million, with the 2021 GRC decision adding $111.8 million, including $87.9 million of retroactive interim rate relief related to 2023.
The CPUC decision authorizes Cal Water to invest approximately $1.2 billion from 2021 through 2024 in infrastructure projects and implements a 10.27% return on equity in California.
The company secured $83.0 million in California arrearage program funding, received after Q1 ended and expected to be applied to customer accounts in Q2 2024; Q1 capital investments totaled $109.8 million, up 33.9%.
Goosehead Insurance reported first-quarter 2024 revenue of $64.5 million, up 11%, and swung to net income of $1.8 million from a net loss of $0.2 million a year earlier. The company also announced a $100 million share repurchase authorization through March 2025 and revised its full-year 2024 outlook, which now calls for total revenues of $290 million to $310 million.
Q1 2024 total revenues were $64.5 million, up 11% from the prior-year period; Core Revenue rose 13% to $58.8 million.
Net income was $1.8 million versus a net loss of $0.2 million a year earlier; basic EPS was $0.07.
Adjusted EBITDA rose to $11.7 million from $10.2 million, with the margin flat at 18%.
The board approved a $100 million share repurchase authorization through March 2025; 2024 total revenue guidance is $290 million to $310 million.
MaxLinear reported unaudited first-quarter 2024 results, with net revenue of $95.3 million, down 24% from the prior quarter and 62% from a year earlier. The GAAP diluted loss per share was $0.88, compared with a loss of $0.47 in the prior quarter and earnings of $0.12 a year earlier. The company guided second-quarter 2024 net revenue to approximately $90 million to $110 million.
Q1 2024 net revenue was $95.3 million, down 24% sequentially and 62% year over year.
GAAP loss from operations was $74.6 million, or 78% of net revenue, including restructuring charges of $22.6 million.
GAAP diluted loss per share was $0.88, versus a $0.47 loss in Q4 2023 and $0.12 of earnings in Q1 2023.
Second-quarter 2024 net revenue is expected to be approximately $90 million to $110 million.
PROG Holdings reported first-quarter 2024 consolidated revenues of $641.9 million, down 2.0% from a year earlier, and diluted EPS of $0.49 versus $1.00, with net earnings reduced by $18.0 million of restructuring expense. The company raised its full-year 2024 revenue and earnings outlook, with revenues now projected at $2.285 billion to $2.360 billion and diluted EPS at $2.18 to $2.43. Shareholders also received a $0.12 per share cash dividend, and the company repurchased $24.4 million of stock in the quarter.
Q1 2024 revenues $641.9 million, down 2.0%; net earnings $22.0 million versus $48.0 million a year earlier
Restructuring expense of $18.0 million tied to cost reduction actions executed in January
Full-year 2024 total revenue outlook raised to $2.285 billion-$2.360 billion from $2.235 billion-$2.335 billion
Second-quarter 2024 diluted EPS outlook of $0.56 to $0.66
Silicon Laboratories reported first-quarter 2024 revenue of $106.4 million, down from $246.8 million a year earlier, and a GAAP net loss of $56.5 million, or $1.77 per diluted share, compared with diluted earnings of $0.41 a year earlier. The company guided second-quarter revenue to $135 million to $145 million and named Dean Butler as chief financial officer effective May 15, 2024, succeeding interim CFO Mark Mauldin.
Q1 2024 revenue was $106.4 million versus $246.8 million in Q1 2023; GAAP operating loss was $59.1 million
Non-GAAP diluted loss per share was $(0.92); GAAP diluted loss per share was $(1.77)
Q2 2024 revenue outlook is $135 million to $145 million; GAAP diluted loss per share guided to $(1.45) to $(1.61)
Dean Butler joins as CFO on May 15, 2024; Bob Conrad joins as SVP of Worldwide Operations on April 29, 2024
Trustmark reported first quarter 2024 net income of $41.5 million, or $0.68 diluted EPS, up from $36.1 million and $0.59 in the prior quarter but down from $50.3 million and $0.82 a year earlier. The company also extended CEO Duane A. Dewey's employment agreement by two years through December 31, 2027, and agreed to sell its insurance subsidiary Fisher Brown Bottrell Insurance to Marsh & McLennan Agency.
Q1 2024 net income $41.5 million, diluted EPS $0.68, versus $0.59 in Q4 2023 and $0.82 in Q1 2023
Revenue $188.2 million, up 0.9% linked-quarter but down 0.4% year-over-year; noninterest expense fell 3.9% linked-quarter to $131.1 million
Duane A. Dewey's employment agreement extended to December 31, 2027; no other changes to the agreement
Trustmark National Bank agreed to sell Fisher Brown Bottrell Insurance, Inc. to Marsh & McLennan Agency LLC; the filing does not state a price
Vicor reported first-quarter 2024 revenue of $83.9 million, down 14.3% from a year earlier, and net income of $2.6 million, or $0.06 per diluted share, versus $11.2 million, or $0.25, a year ago. Operating expenses rose to $44.0 million, mainly from higher legal expenses, which shrank operating income to $1.1 million, so shareholders face weaker profit even though gross margin improved.
Revenue was $83.9 million, down 14.3% from $97.8 million a year earlier and down 9.5% from $92.7 million in the fourth quarter of 2023.
Net income was $2.6 million, or $0.06 per diluted share, compared with $11.2 million, or $0.25 per diluted share, in the first quarter of 2023.
Gross margin rose to 53.8% of revenue from 47.6% a year earlier, while operating expenses rose to $44.0 million from $36.1 million, primarily due to higher legal expenses.
Backlog was $150.3 million at March 31, 2024, down 44.6% from $271.3 million a year earlier; cash and cash equivalents were $239.2 million.
Ryder reported first-quarter 2024 results with total revenue of $3.1 billion, up from $3.0 billion a year earlier, but diluted GAAP EPS from continuing operations fell to $1.89 from $2.95 and comparable EPS fell to $2.14 from $2.81. The company raised the lower end of its full-year 2024 comparable EPS forecast to $11.75 to $12.50, which the filing says reflects first-quarter outperformance partly offset by a more modest rental upturn than expected.
Diluted GAAP EPS from continuing operations was $1.89 versus $2.95 in Q1 2023; comparable EPS was $2.14 versus $2.81.
Total revenue was $3.1 billion versus $3.0 billion; operating revenue (non-GAAP) rose 6% to $2.5 billion.
Full-year 2024 comparable EPS forecast is $11.75 to $12.50; second-quarter comparable EPS forecast is $2.75 to $2.95.
Fleet Management Solutions earnings before tax fell 45% to $100 million on lower used vehicle pricing and weaker rental demand.
Elevance Health reported first quarter 2024 results on April 18, 2024, with operating revenue of $42.3 billion, up 0.9% from a year earlier, and diluted EPS of $9.59, up 15.5%. The company raised its full-year 2024 guidance to diluted EPS greater than $34.05 and adjusted diluted EPS greater than $37.20, which signals stronger expected earnings for shareholders.
Q1 2024 diluted EPS was $9.59, up 15.5%; adjusted diluted EPS was $10.64, up 12.5%
Operating revenue was $42.3 billion, up 0.9%; total operating margin was 7.1%, up 30 basis points
Full-year 2024 diluted EPS guidance raised to greater than $34.05; adjusted diluted EPS guidance raised to greater than $37.20
Repurchased 1.1 million shares for $566 million in Q1; quarterly dividend of $1.63 per share declared, payable June 25, 2024
Triumph Financial reported first-quarter 2024 net income to common stockholders of $3.4 million, or $0.14 per diluted share, down from $0.37 in the fourth quarter of 2023 and $0.43 in the first quarter of 2023. The company attributed the decline to a soft freight market, a $5.9 million drop in net interest income, nearly $6 million of credit costs, and higher expenses tied to technology investments, and it expects second-quarter noninterest expense in a $92 million to $94 million range.
Q1 2024 net income to common stockholders was $3.4 million, or $0.14 per diluted share, versus $8.8 million, or $0.37, in Q4 2023 and $10.2 million, or $0.43, in Q1 2023.
Return on average assets was 0.31% in Q1 2024, compared with 0.70% in Q4 2023 and 0.84% in Q1 2023.
Total credit expense was just under $6 million, and net interest income fell $5.9 million from the prior quarter.
Second-quarter noninterest expense is likely to be in the $92 million to $94 million range, according to the letter.
Interactive Brokers reported first-quarter 2024 results on April 16, 2024, with diluted EPS of $1.61 versus $1.42 a year earlier and net revenues of $1,203 million versus $1,056 million. The board also raised the quarterly cash dividend from $0.10 to $0.25 per share, payable June 14, 2024, to holders of record as of May 31, 2024.
Diluted EPS was $1.61 versus $1.42 a year earlier; adjusted diluted EPS was $1.64 versus $1.35.
Net revenues were $1,203 million versus $1,056 million; net interest income rose 17% to $747 million.
Quarterly dividend raised from $0.10 to $0.25 per share, payable June 14, 2024, to shareholders of record as of May 31, 2024.
Customer accounts rose 25% to 2.75 million and customer equity rose 36% to $465.9 billion.
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.