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).
Federated Hermes reported first quarter 2024 earnings per diluted share of $0.89, up from $0.78 a year earlier, on net income of $75.0 million, up from $69.6 million. The board also declared a $1.31 dividend, made up of a $0.31 quarterly dividend, which rose 10.7%, and a $1.00 special dividend, payable May 15, 2024.
Q1 2024 revenue was $396.4 million, up 4% from Q1 2023, driven mainly by higher average money market assets.
Total managed assets were a record $778.7 billion at March 31, 2024, up 11% from a year earlier.
Equity assets were $80.2 billion, down 4% year over year; fixed-income assets were $96.3 billion, up 10%.
Shares purchased in Q1 2024 totaled 1,082,120 Class B shares for $37.0 million.
Minerals Technologies reported first-quarter 2024 diluted earnings per share of $1.44, up from $1.14 a year earlier, and $1.49 excluding special items. Net sales were $535 million, down 2% from the prior year as reported but slightly up on an underlying basis, excluding the deconsolidation of Barretts Minerals after its Chapter 11 filing. Shareholders see higher profit on slightly lower reported sales, with Consumer & Specialties offsetting weaker Engineered Solutions results.
Diluted EPS $1.44 vs. $1.14 a year earlier; $1.49 excluding special items
Operating income $75 million, a record for the company; 14.1% operating margin
Net sales $535 million, down 2% as reported and slightly up on an underlying basis; Engineered Solutions sales down 5%
Cash flow from operations $56 million; free cash flow $39 million; repurchased $15 million of shares
Arthur J. Gallagher & Co. reported first-quarter 2024 results on April 25, 2024, with revenue of $3.22 billion, up from $2.67 billion a year earlier, and net earnings of $612.7 million, up from $486.6 million. Diluted earnings per share were $2.74 versus $2.24, and adjusted EPS was $3.49 versus $3.02, so the headline measures improved for shareholders.
Total revenues as reported were $3,218.1 million for Q1 2024 versus $2,672.9 million for Q1 2023.
Diluted EPS was $2.74 as reported and $3.49 as adjusted, compared with $2.24 and $3.02 a year earlier.
Adjusted EBITDAC was $1,145.5 million versus $957.2 million, and the company closed $1.0 billion of senior notes on February 12, 2024.
Ameris Bancorp reported unaudited first-quarter 2024 results on April 25, 2024, with net income of $74.3 million, or $1.08 per diluted share, up from $60.4 million, or $0.87 per diluted share, a year earlier. Adjusted net income, which excludes the FDIC special assessment and a gain on bank owned life insurance proceeds, was $75.6 million, or $1.10 per diluted share. Net interest margin narrowed to 3.51% from 3.76% a year earlier, as rising deposit costs weighed on interest income.
Net income $74.3 million, or $1.08 per diluted share, for the quarter ended March 31, 2024, versus $60.4 million, or $0.87, a year earlier
Adjusted net income $75.6 million, or $1.10 per diluted share, excluding the FDIC special assessment and BOLI gain
Net interest margin 3.51%, down from 3.54% in the fourth quarter of 2023 and 3.76% in the first quarter of 2023
Investor teleconference scheduled for 9:00 a.m. Eastern time on April 26, 2024
Erie Indemnity reported first quarter 2024 net income of $124.6 million, or $2.38 per diluted share, up from $86.2 million, or $1.65 per diluted share, a year earlier. The board also declared a quarterly Class A dividend of $1.275 per share, up from $1.190 a year earlier, payable July 23, 2024.
Q1 2024 total operating revenue was $880.7 million, up from $752.5 million in Q1 2023.
Operating income before taxes rose $28.3 million, or 25.6 percent, to $138.8 million.
Board declared dividend number 376 of $1.275 per Class A share; record date July 9, 2024 and payable date July 23, 2024.
Shareholders re-elected all 11 directors and approved two compensation plan amendments at the April 23, 2024 annual meeting.
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.
Comfort Systems USA reported first-quarter 2024 net income of $96.3 million, or $2.69 per diluted share, up from $57.2 million, or $1.59 per diluted share, a year earlier, on revenue of $1,537.0 million versus $1,174.6 million. The board also declared a quarterly dividend of $0.30 per share, a $0.05 increase from the prior dividend, payable May 24, 2024.
Q1 2024 diluted EPS was $2.69, compared with $1.59 in Q1 2023
Q1 2024 revenue was $1,537.0 million, compared with $1,174.6 million in Q1 2023
Backlog was $5.91 billion as of March 31, 2024, compared with $4.44 billion a year earlier
Quarterly dividend of $0.30 per share payable May 24, 2024 to holders of record on May 13, 2024
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.
SkyWest reported first-quarter 2024 net income of $60 million, or $1.45 per diluted share, compared with a net loss of $22 million, or $0.45 per share, in the first quarter of 2023. Revenue rose 16% to $804 million, while operating expenses rose 1% to $704 million, and block hour production increased 5%.
Revenue of $804 million, up $112 million (16%) from $692 million in Q1 2023.
Net income of $60 million, or $1.45 per diluted share, versus a net loss of $22 million ($0.45 loss per share) a year earlier.
Operating expenses of $704 million, up 1%; block hour production up 5% year over year.
Repurchased 136,000 shares for $8.7 million at an average $64.21 per share; $82 million remained under the program as of March 31, 2024.
Old Republic International reported first-quarter 2024 results, with diluted net income of $1.15 per share, up from $0.68 a year earlier, and diluted net income excluding investment gains of $0.67 per share, up 9.8%. General Insurance pretax operating income rose 14.1%, while Title Insurance pretax operating income fell to $2.3 million from $17.4 million, and the combined ratio rose to 94.3% from 92.7%.
Diluted net income of $1.15 per share versus $0.68 a year earlier; excluding investment gains, $0.67 per share, up 9.8%
Net premiums and fees earned of $1,642.7 million, up 5.6%; General Insurance up 13.1%, Title Insurance down 6.5%
Title Insurance pretax operating income of $2.3 million versus $17.4 million; combined ratio 102.5% versus 99.3%
Capital returned to shareholders of $264 million in the quarter, including $193 million in share repurchases, plus $146 million more in repurchases after quarter end
EMCOR reported first-quarter 2024 revenue of $3.43 billion, up 18.7% from a year earlier, and diluted EPS of $4.17, up from $2.32. The company raised its full-year 2024 revenue and diluted EPS guidance, which signals higher expected results for shareholders.
Q1 2024 revenues of $3.43 billion, up 18.7% from $2.89 billion in Q1 2023
Q1 2024 diluted EPS of $4.17 vs. $2.32; net income of $197.1 million
2024 revenue guidance raised to $14.0 billion-$14.5 billion from $13.5 billion-$14.0 billion
2024 diluted EPS guidance raised to $15.50-$16.50 from $14.00-$15.00
Tractor Supply reported first-quarter 2024 net sales up 2.9% to a record $3.39 billion and diluted earnings per share up 10.9% to $1.83. The company reiterated its fiscal 2024 financial outlook, which it first gave on February 1, 2024, rather than raising or cutting it.
Net sales rose 2.9% to $3.39 billion; comparable store sales rose 1.1%, led by a 1.3% increase in transaction count.
Diluted EPS was $1.83 versus $1.65 a year earlier; net income was $198.2 million, up 8.2%.
Fiscal 2024 guidance reiterated: net sales of $14.7 billion to $15.1 billion and diluted EPS of $9.85 to $10.50.
The company returned $236.2 million to shareholders in the quarter through buybacks ($117.4 million) and dividends ($118.8 million).
TechnipFMC reported first quarter 2024 revenue of $2.04 billion, up 18.9% from a year earlier but down 1.7% from the fourth quarter. Net income attributable to the company was $157.1 million, or $0.35 per diluted share, helped by a $75.2 million gain on the sale of its Measurement Solutions business, and the company left its full-year 2024 guidance unchanged.
Revenue of $2,042.0 million, up 18.9% year over year and down 1.7% from the fourth quarter
Net income attributable to TechnipFMC of $157.1 million, or $0.35 per diluted share, versus $0.4 million a year earlier; includes a $75.2 million pre-tax gain on the Measurement Solutions disposal
Subsea inbound orders of $2.4 billion, book-to-bill of 1.4; total backlog of $13.5 billion
Shareholder distributions of $171.8 million in the quarter; full-year 2024 guidance unchanged from February 22, 2024, with distributions now expected to grow at least 70% versus 2023
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
Strategic Education reported first quarter 2024 results for the period ended March 31, 2024. Revenue rose 13.1% to $290.3 million, and diluted earnings per share were $1.23, compared with a loss of $0.09 a year earlier; adjusted diluted EPS was $1.11 versus $0.24. The company also declared a regular quarterly dividend of $0.60 per share.
Revenue rose 13.1% to $290.3 million from $256.6 million; income from operations was $41.4 million versus a loss of $1.3 million a year earlier.
Diluted EPS was $1.23 versus a loss of $0.09; adjusted diluted EPS was $1.11 versus $0.24.
Cash provided by operations was $77.6 million versus $35.2 million; cash and marketable securities were $253.6 million at March 31, 2024.
Quarterly dividend of $0.60 per share, payable June 3, 2024 to holders of record as of May 24, 2024.
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%.
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.