177 material Form 8-K filings that 165 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).
Veralto reported first-quarter 2024 sales of $1,246 million, up 1.8% from a year earlier, and adjusted diluted EPS of $0.84 versus $0.78 a year earlier. The company raised its full-year 2024 adjusted diluted EPS target to $3.25 to $3.34 from $3.20 to $3.30, which benefits shareholders, although GAAP diluted EPS fell to $0.74 from $0.91.
Q1 2024 sales $1,246 million, up 1.8% year over year; non-GAAP core sales growth 1.8%
GAAP net earnings $184 million, or $0.74 per diluted share, versus $225 million, or $0.91, a year earlier
Adjusted diluted EPS $0.84 versus $0.78; includes a $15 million loss on disposition of certain product lines
Full-year 2024 adjusted diluted EPS target raised to $3.25 to $3.34; Q2 2024 adjusted diluted EPS expected at $0.75 to $0.80
Mueller Industries agreed on April 19, 2024 to acquire all outstanding equity of Nehring Electrical Works Company and affiliated entities, a wire and cable maker with about $400 million in 2023 annual net sales. The deal is expected to close in the second quarter of 2024, subject to regulatory approval, and will be funded with cash on hand, with management saying it is expected to be accretive to 2024 results.
Cash consideration of approximately $575 million, subject to customary purchase price adjustments, plus an additional $25 million earn out
Nehring's annual net sales for the twelve months ended December 31, 2023 were approximately $400 million
Agreement signed April 19, 2024; expected to close during the second quarter of 2024 subject to regulatory approval and customary conditions
Funded with cash on hand; Mueller says it will retain significant cash reserves after the transaction
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
Artisan Partners reported results for the three months ended March 31, 2024. Revenue and GAAP net income both rose from a year earlier, though net income fell from the December 2023 quarter. The board also declared a $0.61 per share variable quarterly dividend.
Revenue was $264.4 million, up 13% from $234.5 million a year earlier and up 6% from $249.0 million in the December 2023 quarter.
GAAP net income was $59.5 million, or $0.84 per diluted share, versus $50.8 million ($0.72) a year earlier and $64.8 million ($0.92) in the December 2023 quarter.
Ending assets under management were $160.4 billion, up from $138.5 billion a year earlier, driven by $26.0 billion of investment returns.
The variable quarterly dividend of $0.61 per share will be paid May 31, 2024, to shareholders of record as of May 17, 2024.
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.
Enphase Energy said its board appointed Mary Erginsoy as Vice President and Chief Accounting Officer, effective April 24, 2024. She will serve as Principal Accounting Officer and continue to report to CFO Mandy Yang. The filing describes a routine officer appointment with no financial figures attached.
Mary Erginsoy, 41, appointed by the board on April 19, 2024
Effective date is April 24, 2024; she reports to CFO Mandy Yang
She joined Enphase in 2019 as senior director and corporate controller
Prior role included SunPower Corporation from 2007 to 2018
EastGroup Properties reported first-quarter 2024 results on April 23, 2024. Diluted earnings per share were $1.22, up from $1.02 a year earlier, and FFO excluding a gain on involuntary conversion and business interruption claims was $1.98 per share, up 8.8% from $1.82. The company's 2024 outlook calls for EPS of $4.45 to $4.65 and FFO of $8.17 to $8.37 per share, and management plans to discuss a revised outlook on a call on April 24, 2024.
Diluted EPS of $1.22 for Q1 2024 versus $1.02 for Q1 2023
FFO excluding gain on involuntary conversion and business interruption claims of $1.98 per share, up 8.8%
2024 outlook: EPS of $4.45 to $4.65 and FFO of $8.17 to $8.37 per share
Quarterly dividend of $1.27 per share paid April 15, 2024; conference call on April 24, 2024 at 11:00 a.m. Eastern Time
Ciena said its Vice President, Principal Accounting Officer and Controller, Andrew C. Petrik, will retire effective April 25, 2025, about twelve months after notifying the company on April 22, 2024. He will remain in his role until then and help transition his duties to a successor.
Andrew C. Petrik, age 60, is Vice President, Principal Accounting Officer and Controller.
Retirement effective April 25, 2025; he notified the company on April 22, 2024.
He will continue in his role through the effective date and assist in transitioning responsibilities to a successor.
East West Bancorp reported first quarter 2024 net income of $285 million, or $2.03 per diluted share, up from $239 million and $1.69 in the fourth quarter of 2023, after a $10 million pre-tax FDIC special assessment charge. Revenue fell 2% to $644 million, and the criticized loans ratio rose to 2.30% from 1.87%, so shareholders see higher profit on lower revenue and weaker credit indicators.
Net income $285 million vs. $239 million in Q4 2023 (up 19%); diluted EPS $2.03 vs. $1.69
Adjusted diluted EPS $2.08, up 3% from Q4 2023, excluding a $10 million pre-tax FDIC charge
Revenue $644 million, down 2% from $655 million; net interest margin 3.34%, down 14 basis points
Repurchased 1.2 million shares for about $82 million; second quarter dividend of $0.55 per share payable May 17, 2024
Visa reported fiscal second-quarter 2024 results for the quarter ended March 31, 2024, with net revenue of $8.8 billion, up 10%, and GAAP earnings per share of $2.29, up 12%. The company also declared a quarterly dividend of $0.520 per class A share, payable June 3, 2024, and GAAP results included a $424 million litigation provision that weighed on profit.
Net revenue was $8.8 billion, up 10%; payments volume rose 8% and cross-border volume rose 16%.
GAAP net income was $4.7 billion, or $2.29 per share; non-GAAP net income was $5.1 billion, or $2.51 per share, up 20%.
Quarterly dividend of $0.520 per share is payable June 3, 2024, to holders of record as of May 17, 2024.
Safety Insurance Group disclosed that James D. Berry, its Vice President of Underwriting, has communicated his intention to retire effective July 1, 2024. The filing says Berry has been employed by the company's insurance subsidiaries for over 42 years and does not describe a successor or any financial terms.
James D. Berry, Vice President of Underwriting, communicated his intention to retire on April 22, 2024.
Retirement is effective July 1, 2024.
Berry has been employed by the insurance subsidiaries for over 42 years.
The filing does not name a replacement or describe compensation arrangements.
NVR reported first-quarter 2024 net income of $394.3 million, or $116.41 per diluted share, up 14% and 17% from the first quarter of 2023. Consolidated revenues rose 7% to $2.33 billion, and the company repurchased 66,858 shares for $496.9 million during the quarter, compared with $110.0 million a year earlier. Both headline earnings measures and revenue improved, although the gross profit margin slipped slightly to 24.5% from 24.6%.
Net income of $394.3 million, up 14% from $344.4 million; diluted EPS of $116.41 versus $99.89
Consolidated revenues of $2.33 billion, up 7% from $2.18 billion
Settlements rose 10% to 5,089 units; new orders rose 3% to 6,049 units; cancellation rate 13% versus 14%
Gross profit margin of 24.5% versus 24.6%; shares repurchased for $496.9 million versus $110.0 million
First BanCorp. reported Q1 2024 net income of $73.5 million, or $0.44 per diluted share, down from $79.5 million, or $0.46, in Q4 2023 but up from $70.7 million, or $0.39, in Q1 2023. Q4 results included a $6.3 million FDIC special assessment, and the company's adjusted Q4 EPS was $0.49, so adjusted EPS fell sequentially. The filing contains no guidance.
Net income $73.5 million, or $0.44 per diluted share, vs. $79.5 million, or $0.46, in Q4 2023 and $70.7 million, or $0.39, in Q1 2023
Net interest income $196.5 million vs. $196.7 million in Q4 2023; net interest margin 4.16% vs. 4.14%
Provision for credit losses $12.2 million vs. $18.8 million, including a $9.5 million recovery tied to a bulk sale of charged-off consumer loans
Income tax expense $23.9 million vs. $5.4 million in Q4 2023; the company repurchased $50.0 million of common stock and paid $26.6 million in dividends in Q1 2024
First Commonwealth reported first-quarter 2024 net income of $37.5 million, or $0.37 per diluted share, up from $0.30 a year earlier but down from $0.44 in the fourth quarter of 2023. The company also raised its quarterly cash dividend 4.0% to $0.13 per share, payable May 17, 2024. Net interest income fell from the prior quarter, and the release attributes the sequential profit decline mainly to a 13 basis point drop in net interest margin.
Net income of $37.5 million, or $0.37 per diluted share, for the quarter ended March 31, 2024, versus $44.8 million ($0.44) in Q4 2023 and $30.2 million ($0.30) in Q1 2023.
Net interest income (FTE) of $92.6 million, down $3.4 million from the prior quarter; net interest margin was 3.52%, down 13 basis points.
Quarterly cash dividend raised 4.0% to $0.13 per share, payable May 17, 2024 to shareholders of record as of May 3, 2024.
No shares were repurchased in Q1 2024; $17.4 million remained under the current buyback program as of March 31, 2024.
Equity LifeStyle Properties reported first-quarter 2024 total revenues of $386.6 million, up $16.6 million from a year earlier, and net income available to common stockholders of $109.9 million, up from $82.4 million. The company also gave second-quarter and full-year 2024 guidance, including full-year Normalized FFO of $2.84 to $2.94 per share, for shareholders to weigh against these results.
Q1 2024 net income per common share was $0.59, versus $0.44 in Q1 2023.
Q1 2024 Normalized FFO per share was $0.78, up from $0.72, which the company said was in line with the midpoint of its guidance.
Q2 2024 Normalized FFO per share guidance is $0.61 to $0.67; full-year 2024 is $2.84 to $2.94.
Q1 2024 results include $14.8 million of insurance proceeds related to Hurricane Ian.
W. R. Berkley reported first-quarter 2024 results, with net income to common stockholders up 50.4% to $442 million and diluted earnings per share of $1.64, compared with $1.06 a year earlier. Net premiums written grew 10.7% and the reported combined ratio improved to 88.8% from 90.6%, which points to stronger underwriting profit for shareholders.
Net income to common stockholders rose 50.4% to $442 million; operating income rose 53.4% to $423 million.
Diluted EPS was $1.64, up from $1.06; return on equity was 23.7% on an annualized basis.
Net premiums written grew 10.7% to $2.9 billion; reported combined ratio was 88.8% versus 90.6%.
The company did not repurchase any shares in the first quarter of 2024.
Invesco reported first-quarter 2024 operating revenues of $1,475.3 million, up 4.0% from a year earlier, but diluted EPS of $0.31 was down from $0.32 and adjusted diluted EPS fell 13.2% to $0.33. The company also increased its quarterly common dividend to $0.205 per share and reported $6.3 billion of net long-term inflows.
Operating revenues were $1,475.3 million, up 4.0% from Q1 2023 and 4.4% from Q4 2023.
Diluted EPS was $0.31 versus $0.32 in Q1 2023; adjusted diluted EPS was $0.33 versus $0.38.
Net long-term inflows were $6.3 billion; ending AUM was $1,662.7 billion, up 4.9% from the prior quarter.
Redeemed $600 million of senior notes; net debt was $361.8 million at March 31, 2024.
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.
Banc of California reported first-quarter 2024 net earnings available to common stockholders of $28.2 million, or $0.17 per diluted share, compared with a net loss of $492.9 million, or $4.55 per share, in the fourth quarter of 2023. Net interest income rose $88.1 million to $239.1 million, while the fourth quarter included $442.4 million of losses on security sales and $111.8 million of merger costs. The company's CEO said it remains on track toward its stated profitability targets for the fourth quarter of 2024.
Net earnings available to common stockholders: $28.2 million, or $0.17 per diluted share; $31.7 million, or $0.19 per share, excluding the FDIC special assessment
Net interest income increased $88.1 million, or 58%, to $239.1 million; net interest margin rose to 2.78% from 1.69%
Nonperforming assets rose to $158.5 million, or 0.44% of total assets, from $81.7 million at December 31, 2023
Book value per share increased to $17.18 at March 31, 2024
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.