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).
Eversource reported first-quarter 2024 earnings of $521.8 million, or $1.49 per share, up from $491.2 million, or $1.41 per share, a year earlier, while operating revenues fell to $3.33 billion from $3.80 billion. The company reaffirmed its 2024 non-GAAP earnings projection of $4.50 to $4.67 per share and declared a quarterly dividend of $0.715 per share.
Q1 2024 earnings were $521.8 million, or $1.49 per share, compared with $491.2 million, or $1.41 per share, in Q1 2023.
Operating revenues were $3.33 billion in Q1 2024, down from $3.80 billion in Q1 2023.
The 2024 non-GAAP earnings projection of $4.50 to $4.67 per share was reaffirmed, and the dividend of $0.715 per share is payable June 28, 2024.
At the May 1, 2024 annual meeting, shareholders elected all nine trustees and approved a shareholder proposal titled "Simple Majority Vote" by 265,925,082 votes for to 11,998,641 against.
Enact reported net income of $161.0 million, or $1.01 per diluted share, for the quarter ended March 31, 2024, down from $176.0 million and $1.08 a year earlier, even though total revenues rose to $291.6 million from $280.9 million. The board also raised the quarterly dividend to $0.185 per share and authorized a new buyback of up to $250 million, which adds to the existing $100 million program.
Q1 2024 net income was $161.0 million ($1.01 per diluted share), versus $176.0 million ($1.08) in Q1 2023.
Total revenues were $291.6 million, versus $280.9 million in Q1 2023.
Adjusted operating income was $166.2 million, or $1.04 per diluted share, versus $1.08 a year earlier.
The dividend is $0.185 per share, payable June 13, 2024 to holders of record on May 29, 2024; $24 million remained under the existing $100 million buyback as of April 26, 2024.
First Solar reported first quarter 2024 net sales of $794 million and diluted EPS of $2.20, down from the fourth quarter of 2023 but up sharply from a year earlier. The company kept its full-year 2024 net sales, gross margin, operating income and EPS guidance unchanged, but cut its expected year-end net cash balance to $600 million to $900 million and raised its capital expenditure forecast to $1.8 billion to $2.0 billion.
Q1 2024 net sales of $794 million, down $0.4 billion from the prior quarter and up from $548 million in Q1 2023
Diluted EPS of $2.20 versus $3.25 in Q4 2023 and $0.40 in Q1 2023; net income of $236.6 million
2024 guidance: net sales $4.4 billion to $4.6 billion and EPS $13.00 to $14.00 unchanged; net cash balance lowered to $600 million to $900 million from $0.9 billion to $1.2 billion
Capital expenditure guidance raised to $1.8 billion to $2.0 billion from $1.7 billion to $1.9 billion; cash less debt fell to $1.4 billion from $1.6 billion
John B. Sanfilippo & Son reported fiscal 2024 third-quarter results for the period ended March 28, 2024. Net sales rose 14.0% to $271.9 million, mainly from the Lakeville snack bar acquisition, while diluted EPS fell 14.8% to $1.15 as gross profit margin declined. The company narrowed its estimate of the acquisition's fiscal 2024 dilution to $0.25 to $0.50 per diluted share, down from $0.80 to $1.00.
Net sales were $271.9 million, up $33.3 million or 14.0%; excluding the Lakeville Acquisition, net sales decreased 5.7%
Diluted EPS was $1.15 versus $1.35 in the prior-year quarter, a 14.8% decrease
Gross profit margin fell to 18.1% of net sales from 20.9%
Lakeville dilution estimate for the current fiscal year updated to $0.25 to $0.50 per diluted share from $0.80 to $1.00
Axcelis reported first quarter 2024 revenue of $252.4 million, down from $310.3 million in the fourth quarter of 2023 but up slightly from $254.0 million a year earlier, and net income of $51.6 million, or $1.57 per diluted share. The company said revenue, gross margin and EPS finished above its guidance for the quarter, but it forecast second quarter revenue of about $245 million and EPS of around $1.30, both below first quarter levels.
Q1 2024 revenue was $252.4 million versus $310.3 million in Q4 2023; gross margin was 46% versus 44.4%.
Net income was $51.6 million, or $1.57 per diluted share, compared with $2.15 in Q4 2023 and $1.43 in Q1 2023.
Q2 2024 outlook: revenue of about $245 million, gross margin of about 43.5%, operating profit of about $47 million and EPS of around $1.30.
Management will discuss the results on a conference call on May 2, 2024, at 8:30 a.m. ET.
Glaukos reported first quarter 2024 net sales of $85.6 million, up 16% from $73.9 million a year earlier, and raised its full-year 2024 net sales guidance to $357 million to $365 million from $350 million to $360 million. The GAAP net loss widened to $40.8 million, or $0.82 per share, from $34.6 million, or $0.72 per share, in the same period of 2023, including an $11.7 million acquired in-process R&D charge that the company excluded from its non-GAAP results.
Q1 2024 net sales were $85.6 million, up 16% on both a reported and constant currency basis.
GAAP net loss was $40.8 million, or $(0.82) per diluted share, versus $34.6 million, or $(0.72), in Q1 2023.
Non-GAAP net loss was $34.6 million, or $(0.70) per diluted share, including an $11.7 million acquired in-process R&D charge.
Cash, cash equivalents, short-term investments and restricted cash were about $278.7 million as of March 31, 2024, versus $301.3 million at December 31, 2023.
Kulicke & Soffa reported fiscal second-quarter 2024 net revenue of $172.1 million, down 0.5% from a year earlier, and a net loss of $102.7 million, or $(1.83) per diluted share, compared with net income of $15.0 million a year earlier. The loss reflects pre-tax charges tied to the cancellation of Project W, and the company expects third-quarter net revenue of about $180 million with GAAP diluted EPS of about $0.17.
Net revenue of $172.1 million, down 0.5% from $173.0 million in the same quarter last year.
Net loss of $102.7 million, or $(1.83) per diluted share; non-GAAP net loss was $53.2 million, or $(0.95) per share.
Pre-tax charges related to Project W totaled $105.5 million, including a $44.5 million impairment charge.
Third-quarter fiscal 2024 outlook: net revenue of about $180 million +/- $10 million and GAAP diluted EPS of about $0.17 +/- 10%.
MYR Group reported first-quarter 2024 revenue of $815.6 million, a 0.5% increase from a year earlier, but net income fell to $18.9 million, or $1.12 per diluted share, from $23.2 million, or $1.38 per diluted share. Total backlog fell 9.1% year over year to $2.43 billion, and the company said some customers face supply chain and regulatory challenges.
Revenue rose $4.0 million to $815.6 million; Transmission & Distribution revenue grew 10.1% to $490.4 million, while Commercial & Industrial fell 11.2% to $325.2 million.
Net income was $18.9 million, or $1.12 per diluted share, versus $23.2 million, or $1.38 per diluted share, a year earlier.
Backlog was $2.43 billion at March 31, 2024, down from $2.51 billion at December 31, 2023 and $2.67 billion at March 31, 2023.
Free cash flow was negative $18.1 million in the quarter, compared with positive $17.5 million a year earlier.
EVERTEC reported first-quarter 2024 results on May 1, 2024. Revenue rose 28% to $205.3 million, reflecting the Sinqia acquisition and organic growth, while GAAP net income attributable to common shareholders fell 47% to $16.0 million, mainly due to higher interest expense on debt raised to finance Sinqia. The company also entered into a $70 million accelerated share repurchase agreement, which it expects to complete in the third quarter of 2024.
Revenue rose 28% to $205.3 million from $159.8 million in the prior-year quarter.
GAAP net income attributable to common shareholders fell 47% to $16.0 million, or $0.24 per diluted share.
Adjusted EBITDA rose 16% to $78.2 million, and adjusted earnings per share rose 4% to $0.72.
2024 outlook: total revenue of $846 million to $854 million and adjusted earnings per share of $2.85 to $2.94.
eBay reported first-quarter 2024 results for the quarter ended March 31, 2024, with revenue up 2% and GAAP earnings per diluted share down 19% year over year, while non-GAAP EPS rose 13%. The company also gave second-quarter guidance of $2.49 billion to $2.54 billion in revenue and declared a $0.27 per share dividend, which shareholders of record as of May 31, 2024 will receive.
Revenue was $2.6 billion, up 2% from $2.51 billion a year earlier; GMV was $18.6 billion, up 1%.
GAAP net income from continuing operations was $439 million, or $0.85 per diluted share, versus $1.05 a year earlier; non-GAAP EPS was $1.25, versus $1.11.
Second-quarter 2024 guidance: revenue of $2.49 billion to $2.54 billion, GAAP diluted EPS of $0.76 to $0.81, and non-GAAP diluted EPS of $1.10 to $1.15.
eBay returned $638 million to shareholders in the quarter, including $499 million of share repurchases and $139 million of dividends.
FormFactor reported first-quarter fiscal 2024 revenue of $168.7 million, up 0.3% from the prior quarter and 0.8% from a year earlier. Non-GAAP earnings per share fell to $0.18 from $0.20 in the prior quarter, and non-GAAP gross margin fell to 38.7% from 42.1%, while the company guided to second-quarter revenue of $195 million plus or minus $5 million and non-GAAP EPS of $0.31 plus or minus $0.04.
Q1 revenue $168.7 million, up 0.3% sequentially and 0.8% year over year
GAAP net income $21.8 million, or $0.28 per diluted share, including a $20.3 million gain on sale of business; non-GAAP net income $14.3 million, or $0.18 per diluted share
Non-GAAP gross margin 38.7%, below the outlook range, versus 42.1% in the fourth quarter of fiscal 2023
Q2 outlook: revenue $195 million plus or minus $5 million; non-GAAP EPS $0.31 plus or minus $0.04; quarter ends June 29, 2024
Monolithic Power Systems reported first-quarter 2024 revenue of $457.9 million, up 1.5% from a year earlier, while GAAP net income fell 15.7% to $92.5 million. The company guided second-quarter 2024 revenue to $480.0 million to $500.0 million, and CEO Michael Hsing said it remains cautious about second-half 2024 business conditions.
Revenue was $457.9 million, up 1.5% from $451.1 million in Q1 2023 and up 0.9% from $454.0 million in Q4 2023.
GAAP net income was $92.5 million, or $1.89 per diluted share, versus $109.8 million, or $2.26 per diluted share, in Q1 2023.
Non-GAAP net income was $137.5 million, or $2.81 per diluted share, versus $3.00 a year earlier.
Q2 2024 guidance: revenue of $480.0 million to $500.0 million and GAAP gross margin of 55.1% to 55.7%.
Century Aluminum reported first quarter 2024 net sales of $489.5 million, down from $512.3 million in the fourth quarter of 2023, and adjusted EBITDA of $25.0 million, down from $57.1 million. Reported net income of $246.8 million was driven by a $245.9 million bargain purchase gain from the Jamalco acquisition, while the company reported an adjusted net loss of $3.0 million, so shareholders face weaker operating results behind a large one-time accounting gain. The company guided second quarter adjusted EBITDA to $25 million to $35 million.
Net sales of $489.5 million, down from $512.3 million in Q4 2023 and $552.4 million in Q1 2023
Adjusted EBITDA attributable to Century stockholders of $25.0 million versus $57.1 million in Q4 2023, reflecting only one quarter of the IRA Section 45X credit
Net income attributable to Century stockholders of $246.8 million included a $245.9 million bargain purchase gain; adjusted net loss was $3.0 million
Second quarter 2024 adjusted EBITDA expected between $25 million and $35 million; webcast call on May 1, 2024 at 11:00 a.m. Eastern
Gates Industrial reported first-quarter 2024 net sales of $862.6 million, down 3.9% from a year earlier, while net income attributable to shareholders rose to $40.0 million, or $0.15 per diluted share, from $26.4 million, or $0.09. The company raised its full-year 2024 Adjusted EBITDA guidance to $745 million to $805 million from $725 million to $785 million, which matters to shareholders because it signals stronger expected profitability despite softer sales.
Q1 2024 net sales were $862.6 million, down 3.9%, with a core revenue decline of 3.6%.
Adjusted EBITDA rose to $195.6 million from $174.5 million, and the margin widened to 22.7% from 19.4%.
Adjusted EPS was $0.31 versus $0.25 a year earlier, despite a higher effective tax rate.
Full-year 2024 Adjusted EBITDA guidance was raised to $745 million to $805 million from $725 million to $785 million; other guidance metrics were unchanged.
Marriott reported first quarter 2024 results with total revenues up 6% to $5,977 million, but reported diluted EPS fell to $1.93 from $2.43 and reported net income fell to $564 million from $757 million. The company raised its full-year 2024 adjusted EPS outlook to $9.31 to $9.65 and expects to return $4.2 billion to $4.4 billion to shareholders in 2024.
Adjusted diluted EPS rose to $2.13 from $2.09; adjusted net income fell to $620 million from $648 million.
Worldwide comparable systemwide constant dollar RevPAR rose 4.2%, with U.S. & Canada up 1.5% and international markets up 11.1%.
Full-year 2024 adjusted EBITDA outlook is $4,960 million to $5,090 million; investment spending is $1,000 million to $1,200 million.
Marriott repurchased 4.8 million shares for $1.2 billion in the first quarter.
Bio-Techne reported third-quarter fiscal 2024 results for the period ended March 31, 2024, with net sales up 3% to $303.4 million. Profit declined: GAAP EPS fell to $0.31 from $0.43 and adjusted EPS fell to $0.48 from $0.53, and the company attributed the margin pressure to restructuring and CEO transition costs, the Lunaphore acquisition, and unfavorable volume leverage within Protein Sciences. The Board also declared a $0.08 per share quarterly dividend.
Net sales rose 3% to $303.4 million; organic revenue rose 2%
GAAP EPS was $0.31 versus $0.43 a year earlier; adjusted EPS was $0.48 versus $0.53
GAAP operating income fell 16% to $67.0 million; adjusted operating margin was 33.0% versus 37.0%
Dividend of $0.08 per share payable May 24, 2024, to holders of record on May 13, 2024
Parsons reported first-quarter 2024 revenue of $1.5 billion, up 31% from a year earlier, and raised its fiscal 2024 revenue, adjusted EBITDA, and operating cash flow guidance. The company posted a net loss of $107 million because of a $214 million pre-tax charge tied to repurchasing part of its 2025 convertible notes, so shareholders see stronger operations offset by a large one-time loss.
Revenue of $1.5 billion, up $362 million or 31% year over year; adjusted EBITDA of $141 million, up 56%
Net loss of $107 million, or $1.01 per diluted share, including a $214 million pre-tax charge on convertible note repurchases; excluding that charge, diluted EPS would have been $0.49
Fiscal 2024 revenue guidance raised to $6.1 billion-$6.4 billion from $5.8 billion-$6.0 billion; adjusted EBITDA guidance raised to $535 million-$575 million
Total backlog of $9.0 billion, up 8%; book-to-bill ratio of 1.4x on $2.1 billion of net bookings
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.