187 material Form 8-K filings that 174 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).
Avista Corp. reported first-quarter 2024 net income of $71.5 million, or $0.91 per diluted share, up from $54.8 million, or $0.73 per diluted share, in the first quarter of 2023. The company confirmed its 2024 consolidated earnings guidance of $2.36 to $2.56 per diluted share, and said the Energy Recovery Mechanism is expected to reduce 2024 earnings by $0.07 per diluted share.
Q1 2024 net income was $71.5 million versus $54.8 million in Q1 2023
Q1 2024 earnings per diluted share were $0.91 versus $0.73 a year earlier
2024 consolidated earnings guidance confirmed at $2.36 to $2.56 per diluted share
Avista Utilities expects to contribute $2.23 to $2.39 per diluted share in 2024; the ERM is expected to have a negative $0.07 impact for the full year
United States Lime & Minerals reported first quarter 2024 revenue of $71.7 million, up 7.4% from a year earlier, and net income of $22.4 million, or $3.92 per diluted share, up 31.2%. Higher selling prices offset lower sales volumes, which fell on weaker construction demand, and the board declared a regular quarterly dividend of $0.25 per share.
Revenue $71.7 million vs. $66.8 million in Q1 2023, up $4.9 million (7.4%), driven by higher average selling prices
Net income $22.4 million ($3.92 per diluted share) vs. $17.1 million ($3.00) a year earlier
Quarterly cash dividend of $0.25 per share, payable June 14, 2024, to holders of record May 24, 2024
CEO Timothy W. Byrne said the company anticipates improved demand from construction customers
Powell Industries reported fiscal second-quarter 2024 revenue of $255.1 million, up 49% from a year earlier, and net income of $33.5 million, or $2.75 per diluted share, versus $0.70 a year earlier. New orders fell to $235 million from $508 million, which the company attributed to two large LNG and petrochemical projects awarded in the prior-year quarter. The board also declared a quarterly dividend of $0.2650 per share.
Revenue $255.1 million vs. $171.4 million in fiscal Q2 2023; gross margin 24.6% vs. 19.5%
Net income $33.5 million, or $2.75 per diluted share, vs. $8.5 million, or $0.70, a year earlier
New orders $235 million vs. $508 million a year earlier; backlog steady at $1.3 billion
Quarterly dividend of $0.2650 per share; record date May 15, 2024; payable June 12, 2024
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
National Presto Industries reported first quarter 2024 results in a press release dated April 26, 2024, filed with an 8-K. Net sales were $76.7 million versus $80.4 million a year earlier, and net earnings were $6.6 million, or $0.92 per share, down from $8.9 million, or $1.25 per share. Lower Defense segment shipments and a decline in Housewares/Small Appliance operating earnings drove the drop, which reduces per-share earnings for shareholders.
Net sales were $76,653,000 for the quarter ended March 31, 2024, compared with $80,409,000 a year earlier.
Net earnings were $6,568,000, or $0.92 per share, compared with $8,878,000, or $1.25 per share.
Defense segment sales fell $3.8 million, or 6.5%, reflecting reduced shipments from backlog.
Housewares/Small Appliance net operating earnings decreased $896,000, or 66.6%, largely due to sales mix and a sizable maintenance repair at its main facility.
Bio-Techne expanded its board from ten to eleven members on April 24, 2024, and appointed Dr. Judith Klimovsky, currently Executive Vice President and Chief Development Officer at Genmab, as an independent director. The filing also discloses a one-year waiver of the board's mandatory retirement policy for Dr. Roeland Nusse. The change is a board governance update with no financial figures reported.
Dr. Judith Klimovsky appointed as independent director effective April 24, 2024, to the Science and Technology Committee
Board temporarily expanded from ten to eleven members, ten of whom are independent
Board approved a one-year waiver of mandatory retirement policy for Dr. Roeland Nusse
Unum Group reported first-quarter 2024 net income of $395.2 million, or $2.04 per diluted share, up from $358.3 million, or $1.80, a year earlier. The company also raised its quarterly dividend 15 percent to 42 cents per share, starting with the payment expected in the third quarter of 2024, and gave a full-year 2024 outlook of 7 to 9 percent growth in after-tax adjusted operating income per share.
Net income of $395.2 million ($2.04 per diluted share) for Q1 2024, versus $358.3 million ($1.80) in Q1 2023.
After-tax adjusted operating income of $409.9 million ($2.12 per diluted share), versus $372.6 million ($1.87) a year earlier.
Quarterly dividend increased 15 percent to 42 cents per share, effective with the dividend expected to be paid in Q3 2024.
Full-year 2024 outlook: after-tax adjusted operating income per share up 7 to 9 percent compared with full-year 2023.
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
STAG Industrial reported first-quarter 2024 results on April 30, 2024. GAAP net income attributable to common stockholders fell 26.0% to $36.6 million, or $0.20 per share, while Core FFO per diluted share rose 7.3% to $0.59, and Cash NOI grew 9.7% to $145.5 million. The mixed picture means shareholders see weaker reported profit alongside higher core operating measures.
Net income attributable to common stockholders was $36.6 million, or $0.20 per share, versus $49.4 million, or $0.28 per share, in Q1 2023.
Core FFO per diluted share was $0.59, up 7.3% from $0.55 a year earlier.
Total revenue was $187.5 million, up from $173.6 million in Q1 2023, and Cash NOI was $145.5 million, up 9.7%.
The company acquired one building in Cincinnati, OH for $50.1 million in Q1 2024, and its Q1 2023 results included a $20.1 million gain on property sales that did not recur.
Gulfport Energy reported first-quarter 2024 net income of $52.0 million and total revenues of $283.2 million, down from $523.1 million and $731.2 million a year earlier, when derivative gains were larger. Adjusted EBITDA of $185.7 million and adjusted free cash flow of $38.8 million beat analyst consensus, and the company reaffirmed its full-year 2024 guidance while deferring some drilling to the second half of the year.
Net income was $52.0 million, versus $523.1 million in Q1 2023; diluted earnings per share were $2.34, versus $22.90.
Adjusted EBITDA was $185.7 million and adjusted free cash flow was $38.8 million, both above analyst consensus.
Full-year 2024 guidance was reaffirmed; about 65% of D&C capital expenditures are now expected in the first half of 2024.
Gulfport repurchased about $29.5 million of common stock in Q1 2024 and has about $220.9 million of remaining repurchase capacity.
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.
Mercury General reported first-quarter 2024 net income of $73.5 million, or $1.33 per diluted share, compared with a net loss of $45.3 million, or $0.82 per share, in the first quarter of 2023. Net premiums earned rose 16.1% to $1.17 billion, and the combined ratio improved to 100.9% from 115.8%, which gives shareholders a clear view of a much stronger underwriting quarter. The company also declared a quarterly dividend of $0.3175 per share.
Net income of $73.5 million ($1.33 per diluted share) vs. a net loss of $45.3 million ($0.82 per share) in Q1 2023
Operating income of $43.3 million ($0.78 per diluted share) vs. an operating loss of $84.0 million a year earlier
Combined ratio of 100.9% vs. 115.8%; catastrophe losses net of reinsurance were $72 million vs. $98 million
Quarterly dividend of $0.3175 per share, payable June 27, 2024, to shareholders of record on June 13, 2024
NMI Holdings reported first-quarter 2024 net income of $89.0 million, or $1.08 per diluted share, up from $74.5 million, or $0.88 per share, a year earlier, and described the quarter as a record. Total revenue rose to $156.3 million from $136.8 million, and the loss ratio fell to 2.7% from 5.5%, which supports earnings for shareholders.
Net income was $89.0 million, up 7% from $83.4 million in the fourth quarter of 2023 and up 20% from $74.5 million in the first quarter of 2023.
Diluted EPS was $1.08, compared with $1.01 in the fourth quarter of 2023 and $0.88 in the first quarter of 2023.
Primary insurance-in-force was $199.4 billion at March 31, 2024, up from $186.7 billion a year earlier.
Book value per share was $24.56, and book value per share excluding net unrealized gains and losses was $26.42.
Republic Services reported first-quarter 2024 revenue of $3.86 billion, up 7.8% from a year earlier, and net income of $453.8 million, or $1.44 per diluted share, versus $1.21 a year earlier. Adjusted earnings per share were $1.45, compared with $1.24 in the 2023 period, and cash flow from operations was $811.5 million.
Revenue of $3,861.7 million for the three months ended March 31, 2024, up from $3,581.1 million
Diluted EPS of $1.44 versus $1.21; adjusted diluted EPS of $1.45 versus $1.24
Cash flow from operations of $811.5 million; adjusted free cash flow of $534.6 million
No shares repurchased in the quarter; a quarterly dividend of $0.535 per share is payable July 15, 2024
Penske Automotive Group reported first quarter 2024 results on April 30, 2024. Revenue rose 1.5% to $7.4 billion, but net income attributable to common stockholders fell 27.9% to $215.2 million, and earnings per share dropped to $3.21 from $4.31, partly due to higher interest costs and lower equity earnings from Penske Transportation Solutions.
Revenue increased 1.5% to $7.4 billion; net income attributable to common stockholders was $215.2 million versus $298.3 million a year earlier
Earnings per share were $3.21 compared with $4.31 in the first quarter of 2023
Higher interest costs of $17.4 million and equity earnings from PTS of $32.5 million versus $80.8 million weighed on profit
The company repurchased shares for approximately $32.9 million and had $182.6 million remaining under its repurchase authority as of March 31, 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
PSEG reported first-quarter 2024 net income of $532 million, or $1.06 per diluted share, down from $1,287 million, or $2.58, a year earlier. Non-GAAP operating earnings were $657 million, or $1.31 per share, compared with $695 million, or $1.39, and operating revenues fell to $2,760 million from $3,755 million. The company reaffirmed 2024 non-GAAP operating earnings guidance of $3.60 to $3.70 per share.
Net income was $532 million ($1.06 per share) versus $1,287 million ($2.58 per share) in the first quarter of 2023.
Non-GAAP operating earnings were $657 million ($1.31 per share) versus $695 million ($1.39 per share).
PSEG Power & Other operating earnings were $169 million ($0.33 per share) versus $203 million ($0.40); PSE&G was $488 million ($0.98 per share) versus $492 million ($0.99).
PSEG reaffirmed 2024 non-GAAP operating earnings guidance of $3.60 to $3.70 per share and declared a first-quarter dividend of $0.60 per share.
LGI Homes reported first-quarter 2024 results, with home sales revenue of $390.9 million, down from $487.4 million a year earlier, and net income of $17.1 million, down from $27.0 million. The company kept its full-year 2024 guidance unchanged and said demand improved during the quarter and continued into April.
Home closings of 1,083 versus 1,366 in the first quarter of 2023
Diluted EPS of $0.72 versus $1.14 a year earlier; net income of $17.1 million versus $27.0 million
Gross margin of 23.4% versus 20.3%; ending backlog of 1,335 homes valued at $519.5 million
Full-year 2024 guidance maintained, including 7,000 to 8,000 home closings
UFP Industries reported first-quarter 2024 net sales of $1.64 billion, down 10% from a year earlier, driven by a 9% decline in selling prices. Net earnings attributable to controlling interests were $121 million, down 4%, and diluted earnings per share were $1.96 compared with $1.98, while the company also modified its earlier outlook to expect packaging and retail demand to fall in the mid-single digits in 2024. Lower sales, profit and demand expectations weigh on results, partly offset by a 32% increase in the quarterly dividend to $0.33 per share.
Net sales of $1.64 billion, down 10%, with selling prices down 9% and organic unit sales down 1%
Net earnings attributable to controlling interests of $121 million, down 4%; diluted EPS of $1.96 versus $1.98
Adjusted EBITDA of $181 million, down 10%; adjusted EBITDA margin of 11%
Quarterly dividend raised to $0.33 per share from $0.25, payable June 17, 2024
Lear reported first quarter 2024 sales of $6.0 billion, up 3% from a year earlier, but reported net income attributable to Lear fell to $110 million from $144 million and diluted EPS fell to $1.90 from $2.41. Adjusted EPS rose 14% to $3.18, while the company confirmed its full-year 2024 outlook without change, which matters to shareholders because reported profit declined and $74 million in restructuring and other special items weighed on results.
Sales of $5,994.6 million vs $5,845.5 million a year earlier; core operating earnings rose 6% to $280 million
Net income $110 million vs $144 million; diluted EPS $1.90 vs $2.41; adjusted EPS $3.18 vs $2.78
Restructuring and other special items totaled $74 million, mainly European plant closures and Fisker impairments
Full-year 2024 outlook confirmed unchanged, including net sales of $24,000 million to $24,600 million
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.