278 material Form 8-K filings that 243 companies we cover made with the SEC in May 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).
Cavco Industries reported fiscal fourth-quarter net revenue of $420 million, down 11.8%, and net income attributable to common stockholders of $34 million, down 28.3%. For the fiscal year ended March 30, 2024, net revenue was $1.8 billion, down 16.2%, and diluted earnings per share were $18.37 compared with $26.95, as lower home sales volume and lower selling prices reduced results for shareholders.
Fourth-quarter diluted EPS was $4.03 versus $5.39 a year earlier; factory-built housing gross margin was 22.4% versus 24.4%.
Full-year net revenue was $1,795 million versus $2,143 million, and income before income taxes was $199 million, down 35.2%.
Backlog was $191 million at March 30, 2024, down from $244 million at April 1, 2023.
Stock repurchases were approximately $110 million in the fiscal year; management will hold a conference call on May 24, 2024 at 1:00 p.m. Eastern.
Keysight reported second-quarter fiscal 2024 revenue of $1.22 billion, down from $1.39 billion a year earlier, and GAAP diluted EPS of $0.72 versus $1.58. The company said results were above the high end of its guidance and left its full-year outlook unchanged, while its third-quarter guidance calls for revenue of $1.18 billion to $1.20 billion and non-GAAP EPS of $1.30 to $1.36.
Q2 revenue was $1.22 billion, down 13% from $1.39 billion in Q2 2023.
GAAP net income was $126 million, or $0.72 per diluted share, versus $283 million, or $1.58, a year earlier.
Non-GAAP EPS was $1.41, compared with $2.12 in Q2 2023.
Q3 fiscal 2024 guidance: revenue of $1.18 billion to $1.20 billion and non-GAAP EPS of $1.30 to $1.36.
DXC reported fourth-quarter fiscal 2024 revenue of $3.39 billion, down 5.7% from a year earlier, and a net loss of $195 million, narrower than the $758 million loss a year earlier. Non-GAAP diluted EPS fell to $0.97 from $1.02, and fiscal 2025 guidance projects revenue of $12.67 billion to $12.95 billion, below fiscal 2024's $13.67 billion, which may weigh on shareholders.
Q4 FY24 revenue was $3.39 billion, down 5.7%, and down 4.9% on an organic basis
Q4 FY24 diluted EPS was $(1.10) versus $(3.38); non-GAAP diluted EPS was $0.97 versus $1.02
FY25 guidance: revenue of $12.67 billion to $12.95 billion and non-GAAP diluted EPS of $2.50 to $3.00, versus $3.13 in FY24
DXP Enterprises reported first-quarter 2024 results on May 8, 2024. Sales were $412.6 million, down 2.7% from $424.3 million a year earlier, and GAAP diluted EPS was $0.67, down from $0.95, while net income fell to $11.3 million from $17.6 million. Acquisitions contributed $11.8 million of sales, and the company generated $24.1 million of free cash flow, but the year-over-year declines in sales and profit are the headline measures for shareholders.
Sales of $412.6 million, up 1.4% sequentially from $407.0 million but down 2.7% from $424.3 million in Q1 2023
GAAP diluted EPS of $0.67 versus $0.95 a year earlier; non-GAAP diluted EPS of $0.74
Adjusted EBITDA of $40.3 million versus $43.1 million; free cash flow of $24.1 million, up 6.4%
Cash of $139.7 million and net debt of $407.6 million at March 31, 2024; CFO expects growth to be driven by the second half of 2024
Medical Properties Trust reported a first-quarter net loss of $736 million ($1.23 per share), compared with net income of $33 million a year earlier, driven by $693 million in impairments tied mainly to Steward Health Care. Normalized FFO fell to $142 million ($0.24 per share) from $222 million ($0.37), and the company approved $75 million in debtor-in-possession financing after Steward filed for Chapter 11, which matters to shareholders given the sharp drop in earnings and the impairment charges.
Net loss of $736 million ($1.23 per share) vs. net income of $33 million ($0.05 per share) a year earlier; impairments of $693 million included a full reserve on an approximately $360 million Steward loan.
Normalized FFO of $142 million ($0.24 per share) vs. $222 million ($0.37) a year earlier, primarily due to a significant decrease in Steward-related revenue.
MPT approved $75 million in debtor-in-possession financing for Steward after its Chapter 11 filing; the financing is subject to bankruptcy court approval.
Executed $1.6 billion in year-to-date liquidity transactions, 80% of the initial 2024 target, and now expects to exceed the $2.0 billion target.
Sally Beauty Holdings reported fiscal second-quarter 2024 net sales of $908.4 million, down 1.1% from the prior year, with GAAP diluted earnings per share of $0.27 versus $0.37. The company updated its fiscal 2024 outlook, now expecting an adjusted operating margin of about 8.5%, and said it expects net sales and comparable sales to be roughly flat.
Q2 net sales were $908.4 million, down 1.1%; comparable sales fell 1.5%.
GAAP diluted EPS was $0.27 versus $0.37 a year earlier; adjusted diluted EPS was $0.35 versus $0.41.
Fiscal 2024 guidance: gross margin of 50.5% to 51.0%, adjusted operating margin about 8.5%, operating cash flow about $240 million.
The company issued a $600 million note due 2032 at a 6.75% coupon to refinance its $680 million note due 2025.
Marcus & Millichap reported first-quarter 2024 total revenue of $129.1 million, down 16.6% from $154.8 million a year earlier, and a net loss of $10.0 million, or $0.26 per diluted share, compared with a net loss of $5.8 million, or $0.15 per share. The company attributed the decline to fewer transactions in a challenging market, and it has not yet filed its Form 10-Q, so the results are preliminary.
Brokerage commissions fell 18.9% to $109.5 million, primarily on a 13.8% decrease in the number of transactions.
Net loss was $10.0 million, or $0.26 per diluted share, versus $5.8 million, or $0.15 per diluted share, in the first quarter of 2023.
Adjusted EBITDA was $(10.1) million, compared with $(7.4) million a year earlier.
At the May 2, 2024 annual meeting, the say-on-pay proposal passed with 25,888,652 votes for and 10,534,106 against.
Bio-Rad reported first-quarter 2024 net sales of $610.8 million, down 9.8% from a year earlier, with Life Science sales down 25.3% and Clinical Diagnostics up 4.7%. GAAP net income rose to $383.9 million, or $13.45 per diluted share, mainly due to a $422.2 million gain on equity securities tied to its Sartorius AG holding, while non-GAAP net income fell to $65.2 million, or $2.29 per share, from $3.34 a year earlier.
Net sales $610.8 million vs. $676.8 million in Q1 2023, a 9.8% decline; Life Science down 25.3%, Clinical Diagnostics up 4.7%
Income from operations $44.7 million vs. $61.9 million; non-GAAP operating margin 9.7% vs. 12.4%
GAAP net income $383.9 million ($13.45 per diluted share) vs. $69.0 million ($2.32), driven by changes in the fair market value of Sartorius AG-related equity securities
Full-year 2024 outlook maintained: non-GAAP currency-neutral revenue growth of approximately 1.0% to 2.5% and non-GAAP operating margin of approximately 13.5% to 14.0%
Douglas Emmett reported first quarter 2024 results, with revenue down 2.9% to $245.0 million and net income attributable to common stockholders down 51.5% to $8.9 million, or $0.05 per diluted share. The company left its full-year 2024 FFO per share guidance of $1.64 to $1.70 unchanged, citing expected higher interest expense, so shareholders face lower first quarter earnings with no change to the outlook.
Revenue fell 2.9% to $245.0 million, as lower office occupancy and the removal of Barrington Plaza apartments offset higher residential and parking revenue.
FFO fell 8.7% to $90.1 million, or $0.45 per fully diluted share, mainly due to higher interest expense and lower revenues.
2024 guidance: net income per diluted share of $0.04 to $0.10 and FFO per fully diluted share of $1.64 to $1.70, both unchanged.
Quarterly dividend of $0.19 per common share was paid on April 16, 2024.
ICU Medical reported first quarter 2024 revenue of $566.7 million, down slightly from $568.6 million a year earlier, and a GAAP net loss of $39.5 million, or $1.63 per diluted share, versus a $9.8 million loss, or $0.41 per share, in the first quarter of 2023. Adjusted diluted earnings per share fell to $0.96 from $1.74, and adjusted EBITDA fell to $78.8 million from $102.0 million, so headline profit measures declined for shareholders.
Q1 2024 revenue was $566.7 million versus $568.6 million in Q1 2023.
GAAP net loss was $39.5 million, or $1.63 per diluted share, versus a $9.8 million loss, or $0.41 per share, a year earlier.
Adjusted diluted EPS was $0.96 versus $1.74; adjusted EBITDA was $78.8 million versus $102.0 million.
The filing includes a fiscal year 2024 outlook showing a GAAP net loss of $127 million to $110 million and adjusted diluted EPS of $4.40 to $5.10.
Enpro reported first quarter 2024 results on May 7, 2024. Sales fell 8.9% to $257.5 million, GAAP income from continuing operations fell to $12.5 million from $26.0 million, and adjusted diluted EPS fell 19.5% to $1.57, driven mainly by weakness in the Advanced Surface Technologies segment. The company kept its full-year 2024 guidance unchanged, which shareholders may weigh against the weaker quarter.
Sales of $257.5 million, down 8.9%; organic sales down 11.6%
GAAP diluted EPS from continuing operations of $0.59 versus $1.24 a year earlier
Adjusted EBITDA of $58.4 million, down 14.9%; Advanced Surface Technologies sales down 21.4%
Full-year 2024 guidance maintained: adjusted EBITDA of $260-$280 million and adjusted diluted EPS of $7.00 to $7.80
Vornado Realty Trust reported a first-quarter 2024 net loss attributable to common shareholders of $9.0 million, or $0.05 per diluted share, compared with net income of $5.2 million, or $0.03 per share, a year earlier. Revenues fell to $436.4 million from $445.9 million, and FFO as adjusted dropped to $108.8 million, or $0.55 per diluted share, from $116.3 million, or $0.60.
Net loss attributable to common shareholders was $9,034,000 ($0.05 per diluted share) versus net income of $5,168,000 ($0.03) in Q1 2023.
FFO attributable to common shareholders plus assumed conversions, as adjusted, was $108,847,000 ($0.55 per diluted share) versus $116,288,000 ($0.60).
Same store NOI at share decreased 4.8% year over year, with New York down 4.6% and THE MART down 10.0%.
Revenues were $436,375,000 versus $445,923,000 a year earlier.
Sunstone Hotel Investors reported first-quarter 2024 net income of $13.0 million, down 38.2% from a year earlier, as comparable RevPAR fell 5.1% and Adjusted EBITDA re declined 9.2% to $54.5 million. The company said it reaffirmed the midpoint of its prior earnings guidance, as adjusted for its April acquisition of the Hyatt Regency San Antonio Riverwalk for a contractual purchase price of $230.0 million, and raised its quarterly common dividend to $0.09 per share. Stockholders also voted on directors, the auditor and executive pay at the May 3, 2024 annual meeting.
Net income was $13.0 million versus $21.1 million; income attributable to common stockholders was $0.05 per diluted share versus $0.08.
Comparable RevPAR fell 5.1% to $223.06; Adjusted EBITDA re fell 9.2% to $54.5 million.
Quarterly common dividend increased $0.02 to $0.09 per share (29%), payable July 15, 2024 to holders of record as of June 28, 2024.
Full-year 2024 Adjusted EBITDA re guidance is $242 million to $263 million with the midpoint unchanged; the net income guidance midpoint rose $4 million to a range of $56 million to $77 million.
MP Materials reported first-quarter 2024 results with revenue down 49% year over year to $48.7 million, as realized rare earth oxide prices fell 54% and sales volumes fell 9%. Net income fell 56% to $16.5 million, helped by a $46.3 million gain on early debt repayment, and Adjusted EBITDA swung to a $(1.2) million loss. For shareholders, the results show weaker profitability, while the company also repurchased 7.3% of its shares and issued $747.5 million of new convertible notes due 2030.
Revenue fell to $48.7 million from $95.7 million, driven by a 54% drop in realized price per REO metric ton to $4,294.
Diluted EPS was $(0.08) versus $0.20 a year earlier; Adjusted Diluted EPS was $(0.04) versus $0.27.
Adjusted EBITDA was $(1.2) million versus $58.7 million, with higher cost of sales and a $6.0 million reserve tied to Stage II start-up.
In March 2024 the company repurchased 13.0 million shares, or 7.3% of shares outstanding, at $15.43 per share, and issued $747.5 million of 3.0% convertible notes due 2030.
Cohu reported fiscal first-quarter 2024 net sales of $107.6 million, down from $179.4 million a year earlier, and a GAAP net loss of $14.6 million, or $0.31 per share, compared with net income of $15.7 million a year earlier. The company guided second-quarter 2024 sales to $105 million, plus or minus $6 million, so shareholders face a weaker revenue base and a GAAP loss in the latest quarter.
First-quarter net sales of $107.6 million, versus $179.4 million in Q1 FY 2023 and $137.2 million in Q4 FY 2023
GAAP net loss of $14.6 million, or $0.31 per share; non-GAAP net income of $0.6 million, or $0.01 per share
Second-quarter 2024 sales expected at $105 million, plus or minus $6 million
Repaid remaining Term Loan B on February 9, 2024 with a $29.3 million payment; repurchased 333,504 shares for about $10.7 million
Fresh Del Monte Produce Inc. (NYSE: FDP) reported first-quarter 2024 results for the quarter ended March 29, 2024, with net sales of $1,107.9 million, down from $1,128.5 million a year earlier. Net income attributable to the company fell to $26.1 million, or $0.55 per diluted share, from $39.0 million, or $0.81, which matters to shareholders because lower banana sales and margins outweighed growth in fresh and value-added products.
Net sales were $1,107.9 million versus $1,128.5 million; banana net sales fell to $379.5 million from $425.1 million.
Fresh and value-added products net sales rose to $676.8 million from $643.4 million, and avocado revenue increased 23% on higher pricing.
Banana gross margin fell to 5.7% from 10.2%, and adjusted diluted EPS was $0.34 versus $0.55.
The board declared a quarterly cash dividend of $0.25 per share, payable June 7, 2024, to holders of record on May 16, 2024.
International Bancshares Corporation reported net income of $97.3 million, or $1.56 per diluted share, for the three months ended March 31, 2024. That was down 4.2% in net income and 4.3% in diluted EPS from $101.6 million, or $1.63 per diluted share, a year earlier. Management cited a higher provision for credit losses, mainly a charge-down of an impaired credit after a bankruptcy-related foreclosure, as a drag on results.
Q1 2024 net income $97.3 million ($1.56 diluted EPS) vs. $101.6 million ($1.63) in Q1 2023
Provision for credit losses increased, primarily from a charge-down of an impaired credit after a bankruptcy-related foreclosure
Total assets $15.4 billion and deposits $12.0 billion at March 31, 2024, up from $15.1 billion and $11.8 billion at December 31, 2023
IDACORP reported first-quarter 2024 net income of $48.2 million, or $0.95 per diluted share, down from $56.1 million, or $1.11 per share, a year earlier. The company reaffirmed its full-year 2024 earnings guidance of $5.25 to $5.45 per diluted share, but said capital spending could be higher than previously projected as it works through its resource request for proposal process.
Q1 2024 net income attributable to IDACORP was $48.2 million, or $0.95 per diluted share, versus $56.1 million, or $1.11, in Q1 2023.
Lower usage per retail customer reduced Idaho Power net income by $9.1 million, and depreciation expense rose $8.6 million, due to more moderate temperatures and higher plant-in-service.
Full-year 2024 EPS guidance of $5.25 to $5.45 was reaffirmed, with Idaho Power capital expenditures of $925 million to $975 million unchanged.
Management said it may need higher capital spending than previously projected to meet rapid customer and load growth.
Vulcan Materials reported first-quarter 2024 results on May 2, 2024. Total revenues were $1.55 billion, down from $1.65 billion a year earlier, and net earnings attributable to Vulcan were $103 million, down from $121 million. Management said all aspects of its outlook from February remain unchanged, including $2.15 to $2.30 billion of 2024 Adjusted EBITDA, so shareholders see lower first-quarter earnings alongside unchanged full-year targets.
Total revenues were $1,546 million versus $1,649 million; diluted EPS from continuing operations was $0.78 versus $0.92.
Adjusted diluted EPS from continuing operations was $0.80 versus $0.95, and Adjusted EBITDA was $323 million versus $338 million.
Aggregates shipments fell to 48.1 million tons from 51.8 million, while freight-adjusted sales price rose to $20.59 per ton from $18.69.
The company expects 2024 Adjusted EBITDA of $2.15 to $2.30 billion and used $550 million of cash on hand to redeem its 2026 notes.
New York Mortgage Trust (Nasdaq: NYMT) reported a first-quarter 2024 net loss attributable to common stockholders of $68.3 million, or $0.75 per share, compared with net income of $10.5 million, or $0.12 per share, a year earlier. Book value per common share fell to $10.21 from $11.31 at December 31, 2023, and management attributed the decline mainly to impairments in its multi-family joint venture equity investments. The filing names New York Mortgage Trust, not Adamas Trust, and uses ticker NYMT rather than ADAM as the request stated.
Net loss attributable to common stockholders of $68.3 million ($0.75 per share) for the three months ended March 31, 2024, versus net income of $10.5 million ($0.12 per share) in the same quarter of 2023
Total other loss of $57.3 million, including $36.2 million of real estate impairments and $39.4 million of net unrealized losses
Book value per common share of $10.21 at March 31, 2024, versus $11.31 at December 31, 2023; adjusted book value per common share of $11.51
Dividend of $0.20 per common share; earnings conference call scheduled for Thursday, May 2, 2024 at 9:00 a.m. Eastern Time
Comstock Resources reported a first-quarter 2024 net loss of $14.5 million, or $0.05 per share, compared with net income of $134.5 million, or $0.49 per diluted share, a year earlier. Total revenues fell to $335.8 million from $489.6 million, and the company said continued weak natural gas prices weighed heavily on results, which matters to shareholders because earnings and cash flow both declined sharply.
Total revenues were $335.8 million, down from $489.6 million in the first quarter of 2023.
Net loss was $14.5 million, or $0.05 per share, versus net income of $134.5 million, or $0.49 per diluted share, a year earlier.
Adjusted net loss was $8.5 million, or $0.03 per share; adjusted EBITDAX was $230 million versus $293.5 million.
Average natural gas price was $2.06 per Mcf, down from $2.98, and operating cash flow was $182.0 million versus $254.9 million.
Advanced Energy reported first-quarter 2024 revenue of $327.5 million, down from $425.0 million a year earlier and $405.3 million in the fourth quarter of 2023, and the company said revenue was below its guidance. GAAP diluted EPS from continuing operations fell to $0.15 from $0.84 a year earlier, and non-GAAP EPS was $0.58 versus $1.24, so profit declined sharply. The company guided second-quarter 2024 revenue to $350 million plus or minus $20 million.
Q1 2024 revenue was $327.5 million, compared with $425.0 million in Q1 2023 and $405.3 million in Q4 2023.
GAAP diluted EPS from continuing operations was $0.15, versus $0.84 in Q1 2023; non-GAAP diluted EPS was $0.58, versus $1.24.
Q1 2024 GAAP net income from continuing operations was $5.8 million, compared with $31.8 million a year earlier.
Q2 2024 guidance: revenue of $350 million +/- $20 million; GAAP EPS of $0.25 +/- $0.25; non-GAAP EPS of $0.73 +/- $0.25.
Mosaic reported first quarter 2024 results on May 1, 2024, with net earnings of $45 million, or $0.14 per diluted share, down from $435 million a year earlier. Revenue fell 26% to $2.7 billion on lower selling prices, and the company cited $165 million in after-tax notable items, mainly a foreign currency transaction loss, an unrealized derivatives loss and an environmental reserve adjustment. The sharp drop in earnings and adjusted EBITDA means shareholders received a weaker quarter, though the company also reported $178 million returned to shareholders so far in 2024.
Revenue of $2.7 billion, down 26% from the year-ago period, reflecting lower selling prices; gross margin rate was 14.9% versus 18.6%.
Diluted EPS of $0.14 versus $1.28 a year earlier; adjusted EPS of $0.65 versus $1.14.
Adjusted EBITDA of $576 million versus $777 million; free cash flow of $203 million versus $191 million.
Second quarter guidance: potash sales volumes of 2.2-2.4 million tonnes and phosphate sales volumes of 1.6-1.8 million tonnes.
Connection reported first-quarter 2024 net sales of $632.0 million, down 13.1% year over year, which management attributed to customers delaying IT capital spending. Net income fell 7.4% to $13.2 million, or $0.50 per diluted share, although gross margin rose 187 basis points to 18.7%. The board also declared a $0.10 quarterly dividend and raised the share repurchase authorization by $40.0 million to $120.0 million, of which $72.1 million is available.
Net sales were $632.0 million, down 13.1% from $727.5 million; Public Sector Solutions sales fell 33.4% to $93.5 million
Net income was $13.2 million, or $0.50 per diluted share, versus $14.2 million, or $0.54, a year earlier
Gross margin expanded 187 basis points to 18.7%; Adjusted EBITDA decreased 6% to $120.3 million for the last twelve months
Quarterly dividend of $0.10 per share is payable May 29, 2024, to shareholders of record as of May 14, 2024
Warrior Met Coal reported first quarter 2024 net income of $137.0 million, or $2.62 per diluted share, down from $182.3 million, or $3.51 per diluted share, a year earlier. Total revenues were $503.5 million, compared with $509.7 million, and Adjusted EBITDA fell to $200.2 million from $259.4 million. The company kept its full-year 2024 sales, production and cost guidance unchanged, while noting weaker steelmaking coal prices since early March.
Net income $137.0 million ($2.62 per diluted share) vs. $182.3 million ($3.51) in Q1 2023
Total revenues $503.5 million vs. $509.7 million; Adjusted EBITDA $200.2 million vs. $259.4 million
Sales volume rose 9% to 2.1 million short tons, but average net selling price fell 9% to $233.91 per short ton
2024 guidance re-affirmed, including coal sales of 7.4 to 8.2 million short tons; $0.58 per share returned to stockholders in Q1
Extreme Networks reported fiscal third-quarter 2024 results for the quarter ended March 31, 2024. Revenue fell 36.5% year over year to $211.0 million, and the company posted a GAAP net loss of $64.4 million, or $0.50 per diluted share, compared with earnings of $0.17 per share a year earlier. For shareholders, the sharp revenue decline and loss weigh on the results, though the company guided to sequential revenue growth of $250.0 million to $260.0 million for the fourth quarter.
Revenue was $211.0 million, down from $332.5 million a year earlier; SaaS ARR rose 38.0% to $162.0 million
GAAP net loss was $64.4 million ($0.50 per diluted share), versus net income of $22.1 million a year earlier
Quarter-end cash was $151.0 million; free cash flow was negative $73.6 million for the quarter
Fourth-quarter fiscal 2024 revenue guidance is $250.0 million to $260.0 million; GAAP EPS guidance is ($0.11) to ($0.05)
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.