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).
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
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.
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
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.
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
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.
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.