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).
FirstEnergy reported first quarter 2024 GAAP earnings of $253 million, or $0.44 per share, down from $292 million, or $0.51 per share, a year earlier, on revenue of $3.3 billion, up from $3.2 billion. Operating (non-GAAP) earnings were $0.55 per share, compared with $0.60 a year earlier, and the company affirmed its 2024 operating EPS guidance of $2.61 to $2.81. Shareholders also get second quarter guidance of $290 million to $345 million, or $0.50 to $0.60 per share.
Q1 2024 GAAP earnings $253 million ($0.44 per share) vs. $292 million ($0.51) in Q1 2023; revenue $3.3 billion vs. $3.2 billion
Q1 2024 operating EPS $0.55 vs. $0.60 in Q1 2023
Q2 2024 earnings guidance $290 million to $345 million, or $0.50 to $0.60 per share
2024 operating EPS guidance of $2.61 to $2.81 affirmed; long-term 6% to 8% annual operating EPS growth target reaffirmed
COPT Defense Properties reported first-quarter 2024 results on April 25, 2024, in an earnings release furnished as Exhibit 99.1. Total revenues rose to $193.3 million from $167.5 million a year earlier, and FFO per share rose to $0.62 from $0.59, but diluted EPS fell to $0.29 from $0.70 because the year-earlier quarter included a $49.4 million gain on sales of real estate.
Total revenues were $193.3 million for the quarter ended March 31, 2024, up from $167.5 million in the first quarter of 2023.
Diluted FFO per share (Nareit) was $0.62, compared with $0.59 a year earlier.
Diluted EPS was $0.29, compared with $0.30 in the fourth quarter of 2023 and $0.70 in the first quarter of 2023.
Same Property cash NOI rose 6.1% year over year to $91.6 million; the total portfolio was 93.6% occupied and the Defense/IT Portfolio was 96.8% leased.
Eastern Bankshares reported first-quarter 2024 net income of $38.6 million, or $0.24 per diluted share, on April 25, 2024. Total revenue was $157.6 million, down from $160.0 million in the prior quarter, while per-share profit from continuing operations rose from $0.19. Chief Financial Officer James Fitzgerald will retire once a successor is appointed, and the company has begun a search, which adds a leadership transition for shareholders to track.
Net income $38.6 million, or $0.24 per diluted share; operating EPS $0.23 vs. $0.10 in the prior quarter
Net interest income fell $3.4 million to $129.9 million; noninterest expense fell $19.8 million to $101.2 million
CFO James Fitzgerald notified the company on April 24, 2024 of his retirement; he will stay until a successor is named
Quarterly dividend of $0.11 per share payable June 14, 2024; merger with Cambridge Bancorp approved by shareholders on February 28, 2024, expected to close early in Q3 2024 pending regulatory approvals
WSFS Financial reported first-quarter 2024 diluted EPS of $1.09 and net income of $65.8 million, both higher than a year earlier and the prior quarter. Total net revenue was $251.1 million, down from $265.3 million in the fourth quarter of 2023 but up from $245.7 million a year earlier, and core EPS was $1.11 versus $1.15 in the fourth quarter.
Net income attributable to WSFS was $65.8 million, versus $63.9 million in 4Q 2023 and $62.4 million in 1Q 2023.
Total net revenue was $251.1 million, versus $265.3 million in 4Q 2023 and $245.7 million in 1Q 2023.
Net interest margin was 3.84%, down from 3.99% in 4Q 2023; the company cited lagging deposit pricing after 2023 rate hikes.
WSFS repurchased shares for $21.0 million and approved a quarterly dividend of $0.15 per share, payable May 24, 2024.
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.
Tootsie Roll reported first quarter 2024 net sales of $151.5 million, down $9.2 million or 6% from a year earlier, while net earnings rose to $15.8 million and earnings per share rose to $0.22 from $0.19. The company said customers resisted higher prices, seasonal sales timing and customer inventory adjustments hurt sales, and it expects rising cocoa and chocolate costs to weigh on input costs and margins in 2024 and 2025.
Net sales were $151,464,000 versus $160,711,000 in Q1 2023, a decrease of $9,247,000 or 6%.
Net earnings were $15,834,000 versus $13,401,000, and EPS was $0.22 versus $0.19, an increase of 16%.
Effective income tax rate was 21.4% versus 23.8% a year earlier, with lower state income taxes a contributing factor.
Management expects cocoa and chocolate cost increases to have adverse effects on input costs and margins in 2024 and 2025.
Lincoln Electric reported first quarter 2024 results on April 25, 2024. Diluted EPS rose to $2.14 from $2.09 and net income rose to $123.4 million, but net sales fell 5.6% to $981 million, with organic sales down 6.1%. The filing does not include updated guidance.
Diluted EPS of $2.14 vs. $2.09 a year earlier; adjusted EPS of $2.23 vs. $2.13
Net sales of $981 million, down 5.6% from $1,039 million; organic sales down 6.1%
Operating income margin of 16.8% vs. 15.8%; cash from operations rose 8% to $133 million
Returned $152 million to shareholders through dividends and share repurchases
W.W. Grainger reported first-quarter 2024 sales of $4.2 billion, up 3.5%, and diluted EPS of $9.62, up 0.1%. Operating earnings fell 1.6% to $669 million and operating margin declined 80 basis points to 15.8%. The company reaffirmed its full-year 2024 guidance ranges and announced a 10% dividend increase.
Net sales were $4,235 million, up 3.5% from $4,091 million in Q1 2023; daily, organic constant currency sales rose 4.9%.
Operating earnings were $669 million, down 1.6%; net earnings attributable to Grainger were $478 million, down 2.0%.
Operating cash flow was $661 million and free cash flow was $542 million; $360 million was returned to shareholders through dividends and share repurchases.
FY 2024 guidance reaffirmed, including net sales of $17.2 - $17.7 billion and diluted EPS of $38.00 - $40.50; dividend raised 10% and repurchase authorization refreshed for up to 5 million shares.
PHINIA reported first-quarter 2024 net sales of $863 million, up 3.4% from a year earlier, but net earnings fell to $29 million, or $0.62 per diluted share, from $35 million, or $0.75, in the prior-year quarter. Adjusted EPS was $1.08 compared with $1.19, and the company reaffirmed its full-year 2024 outlook, which includes net earnings of $125 million to $160 million.
Net sales of $863 million, up 3.4% from $835 million in Q1 2023; excluding $17 million of contract manufacturing sales, sales were up slightly.
GAAP diluted EPS of $0.62 versus $0.75; adjusted EPS of $1.08 versus $1.19.
Full-year 2024 guidance reaffirmed: net earnings of $125 million to $160 million and adjusted EBITDA of $470 million to $510 million.
In early April, the company issued $525 million of senior secured notes to repay its Term Loan B and revolving credit balance.
Nasdaq reported first quarter 2024 net revenues of $1.1 billion, up 22% from a year earlier, with organic growth of 6%. GAAP diluted earnings per share fell 34% to $0.40 and non-GAAP diluted EPS fell 9% to $0.63, as higher amortization, a $23 million pension settlement charge and other costs weighed on profit. The company also updated its 2024 non-GAAP operating expense guidance and declared a quarterly cash dividend.
Net revenues were $1.1 billion, up $203 million or 22%; Solutions revenue rose 35% to $871 million.
GAAP diluted EPS was $0.40, down 34%; non-GAAP diluted EPS was $0.63, down 9%.
2024 non-GAAP operating expense guidance updated to $2,125 million to $2,185 million; non-GAAP tax rate guidance of 24.5% to 26.5% maintained.
No share repurchases in Q1 2024; the remaining $340 million term loan balance was repaid and $127 million was returned to shareholders through dividends.
Visteon reported first-quarter 2024 results on April 25, 2024. Net sales fell to $933 million from $967 million a year earlier, while net income attributable to Visteon rose to $42 million from $34 million, or $1.50 per diluted share versus $1.18. The company kept its full-year 2024 guidance unchanged.
Net sales were $933 million, down from $967 million in the first quarter of 2023, mainly due to lower semiconductor-related recoveries and 1% lower customer vehicle production.
Net income attributable to Visteon was $42 million, or $1.50 per diluted share, compared with $34 million, or $1.18 per diluted share, a year earlier.
Adjusted EBITDA was $102 million, up $3 million from the prior year, and the company reported a net cash position of $175 million at March 31, 2024.
Full-year 2024 guidance was maintained: sales of $4.0 to $4.2 billion, adjusted EBITDA of $470 to $500 million, and adjusted free cash flow of $155 to $185 million.
CMS Energy reported first-quarter 2024 diluted EPS of $0.96, up from $0.69 a year earlier, and adjusted EPS of $0.97 versus $0.70, citing higher weather-normalized sales and lower storm restoration costs. Operating revenue fell to $2,176 million from $2,284 million, and the company reaffirmed its 2024 adjusted EPS guidance of $3.29 to $3.35 per share, with confidence toward the high end.
Diluted EPS $0.96 vs $0.69 in Q1 2023; adjusted EPS $0.97 vs $0.70
Operating revenue $2,176 million vs $2,284 million in Q1 2023
Net income available to common stockholders $285 million vs $202 million
2024 adjusted EPS guidance of $3.29 to $3.35 reaffirmed; long-term adjusted EPS growth of 6 to 8 percent
WTW reported first-quarter 2024 results on April 25, 2024, for the period ended March 31. Revenue rose 4% to $2.34 billion and adjusted diluted EPS rose 16% to $3.29, while net income fell 6% to $194 million and diluted EPS fell 3% to $1.83. The company said its full-year 2024 targets are consistent with those previously provided, including adjusted diluted EPS of $15.40 to $17.00.
Revenue $2.34 billion, up 4% reported and 5% organic, from $2.24 billion a year earlier
Diluted EPS $1.83, down 3%; adjusted diluted EPS $3.29, up 16%
Net income $194 million, down 6%; operating margin 12.0%, down 70 basis points
Full-year 2024 targets unchanged, including adjusted diluted EPS of $15.40 to $17.00; $101 million of share repurchases in the quarter
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.