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).
Adtalem Global Education (NYSE: ATGE) reported fiscal Q3 2024 revenue of $412.7 million, up 11.8%, and raised its fiscal 2024 revenue and adjusted EPS guidance. GAAP net income fell to $36.8 million from $45.9 million, but adjusted EPS rose to $1.50 from $1.13. Note: this 8-K is filed by Adtalem, not Covista Inc. (CVSA) as the request stated.
Revenue $412.7 million, up 11.8% from $369.1 million; total enrollment 85,809, up 7.8%
FY2024 revenue guidance raised to $1,560 million to $1,580 million from $1,520 million to $1,560 million
FY2024 adjusted EPS guidance raised to $4.80 to $5.00 from $4.55 to $4.75
Diluted GAAP EPS $0.93 vs $1.00 a year earlier; repurchased $91 million of shares
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.
SPX Technologies reported first quarter 2024 revenue of $465.2 million, up from $399.8 million a year earlier, and GAAP diluted EPS of $1.05 versus $0.84. The company raised its full-year 2024 adjusted EPS guidance to $5.15 to $5.40 from $4.85 to $5.15, citing strong HVAC demand, which benefits shareholders as profit measures grew and the outlook improved.
Q1 2024 revenue $465.2 million vs. $399.8 million; net income $49.0 million vs. $42.8 million
Diluted EPS from continuing operations $1.05 vs. $0.84; adjusted EPS $1.25 vs. $0.93
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
Palomar Holdings reported first quarter 2024 net income of $26.4 million, or $1.04 per diluted share, up from $17.3 million, or $0.68 per diluted share, a year earlier. Gross written premiums rose 47.2% to $368.1 million, and the company raised its full-year 2024 adjusted net income guidance to $113 million to $118 million, which shareholders would see as a higher outlook for profit.
Net income of $26.4 million ($1.04 diluted EPS) for Q1 2024, versus $17.3 million ($0.68) in Q1 2023
Adjusted net income of $27.8 million ($1.09 diluted adjusted EPS), versus $20.4 million ($0.80) a year earlier
Full-year 2024 adjusted net income guidance raised to $113 million to $118 million
Combined ratio of 76.9% versus 77.9% in Q1 2023; no share repurchases in Q1 2024
Universal Display reported first quarter 2024 total revenue of $165.3 million, up from $130.5 million a year earlier, and net income of $56.9 million, or $1.19 per diluted share, compared with $0.83 a year earlier. The company raised the lower end of its 2024 revenue guidance to a range of $635 million to $675 million and declared a $0.40 per share quarterly dividend.
Q1 2024 total revenue was $165.3 million versus $130.5 million in Q1 2023; royalty and license fees were $68.3 million and material sales were $93.3 million
Net income was $56.9 million, or $1.19 per diluted share, versus $39.8 million, or $0.83 per diluted share, a year earlier
2024 revenue guidance is $635 million to $675 million after the lower end was increased; the company cautions that many variables can affect results
Second quarter cash dividend of $0.40 per share is payable June 28, 2024 to holders of record as of June 14, 2024
Expedia Group reported first quarter 2024 revenue of $2.9 billion, up 8%, and a net loss of $135 million, narrower than the $145 million loss a year earlier. The company lowered its full-year guidance to mid to high single digit top line growth, citing a slower-than-expected recovery at Vrbo and gross bookings that rose only 3%.
Revenue was $2.9 billion, up 8% from the first quarter of 2023; gross bookings were $30.2 billion, up 3%
Net loss attributable to Expedia Group was $135 million versus $145 million a year earlier; adjusted EPS was $0.21 versus a loss of $0.20
Full-year guidance lowered to mid to high single digit top line growth, with margins relatively in line with last year
Repurchased about 5.7 million shares for about $786 million year-to-date
Trupanion reported first quarter 2024 total revenue of $306.1 million, up 19% from a year earlier, and a net loss of $6.9 million, narrowed from $24.8 million. The board also appointed President Margi Tooth as chief executive effective August 1, 2024, succeeding founder Darryl Rawlings, who will remain Chair of the Board.
Q1 2024 total revenue was $306.1 million, up 19% from $256.3 million in Q1 2023.
Net loss was $6.9 million, or $(0.16) per share, versus a net loss of $24.8 million, or $(0.60) per share, a year earlier.
Adjusted EBITDA was $4.8 million, compared with $(4.9) million in Q1 2023.
Darryl Rawlings resigned as CEO effective August 1, 2024 and will receive a $200,000 annual consulting fee for pet food program work.
AMETEK reported first-quarter 2024 sales of $1.74 billion, up 9% from a year earlier, and adjusted earnings of $1.64 per diluted share, up 10%. The company raised its 2024 adjusted earnings per share guidance to $6.74 to $6.86 from $6.70 to $6.85, which benefits shareholders if the outlook holds.
First-quarter sales of $1.74 billion, up 9% from the first quarter of 2023
GAAP diluted EPS of $1.34 versus $1.32 a year earlier; adjusted EPS of $1.64 versus $1.49
2024 adjusted EPS guidance raised to $6.74 to $6.86 from $6.70 to $6.85
Paragon Medical integration costs of $29.2 million pre-tax weighed on GAAP results
XPEL reported first-quarter 2024 results for the three months ended March 31, with revenue up 5.0% to $90.1 million but net income down 41.7% to $6.7 million. The company cut its annual revenue growth projection to 8-10% from 15%, and management attributed the weakness mainly to slower US aftermarket demand, port delays, and lower China sales. Shareholders face weaker profitability and a lower growth outlook, though management said April showed some momentum.
Revenue rose 5.0% to $90.1 million; net income fell 41.7% to $6.7 million, or $0.24 per diluted share, versus $0.41 a year earlier
About $1.6 million of annual dealer conference costs fell in Q1 2024, versus Q2 in 2023; normalized net income would have declined 30.7%
2024 annual revenue growth projection revised to 8-10% from 15%; China revenue fell 78.2% to $1.5 million
Cummins reported first-quarter 2024 revenue of $8.4 billion, down 1% from a year earlier, while net income attributable to Cummins rose to $2.0 billion, mainly because of a $1.3 billion non-taxable gain from the March 18 divestiture of its remaining Atmus stake. The company raised its 2024 EBITDA guidance to 14.5% to 15.5% of sales but left its revenue decline forecast of 2% to 5% unchanged, and EBITDA excluding special items fell to $1.3 billion from $1.4 billion.
Q1 revenue was $8.4 billion, down 1% from Q1 2023; diluted EPS was $14.03 versus $5.55 a year earlier.
The results include a $1.3 billion gain ($9.08 per diluted share) from the Atmus separation and $29 million of restructuring expenses.
EBITDA excluding special items was $1.3 billion, or 15.5% of sales, compared with $1.4 billion, or 16.3%, in Q1 2023.
2024 guidance: revenue to fall 2% to 5% (unchanged), and EBITDA raised to 14.5% to 15.5% of sales from 14.4% to 15.4%.
Curtiss-Wright reported first quarter 2024 sales of $713 million, up 13%, and adjusted diluted EPS of $1.99, up 30%. The company raised its full-year 2024 guidance for sales, operating income and diluted EPS, while the Naval & Power segment's profit fell on a naval contract adjustment.
Q1 2024 sales of $713 million, up 13%; reported operating income of $100 million, up 27%
Diluted EPS of $1.99 versus $1.48 a year earlier; adjusted diluted EPS up 30%
2024 diluted EPS guidance raised to $10.10 to $10.40 from $10.00 to $10.30; sales growth guidance raised to 5% to 7%
Naval & Power adjusted operating income fell 13% to $35 million due to an unfavorable naval contract adjustment
Laureate Education reported first-quarter 2024 revenue of $275.4 million, up 10% as reported but up 1% on an organic constant currency basis. Its net loss narrowed to $(10.8) million from $(26.8) million, while Adjusted EBITDA fell to $30.6 million from $33.5 million. The company raised its full-year 2024 revenue and Adjusted EBITDA guidance, citing more favorable currency rates.
Q1 2024 revenue $275.4 million, up 10% as reported and 1% on an organic constant currency basis
Net loss $(10.8) million vs. $(26.8) million a year earlier; loss per share $(0.07) vs. $(0.17)
Operating income $11.1 million vs. $15.6 million; Adjusted EBITDA $30.6 million vs. $33.5 million
2024 revenue now expected at $1,566 million to $1,581 million; Adjusted EBITDA at $446 million to $456 million
Church & Dwight reported first-quarter 2024 net sales of $1,503.3 million, up 5.1%, with reported EPS of $0.93 and adjusted EPS of $0.96, above its $0.85 adjusted outlook. The company raised its full-year 2024 adjusted EPS growth expectation to 8% to 9% and its cash flow outlook to approximately $1.05 billion, but guided second-quarter adjusted EPS of $0.83, down 9.8% from the prior year.
Q1 2024 net sales rose 5.1% to $1,503.3 million; reported EPS was $0.93, up 13.4%, and adjusted EPS was $0.96, up 12.9%.
Full-year 2024 adjusted EPS growth outlook raised to 8% to 9%, from 7% to 9% previously; gross margin expansion raised to approximately 75 basis points.
Full-year cash flow from operations now expected at approximately $1.05 billion, up from $1.0 billion previously.
Q2 2024 adjusted EPS expected at $0.83 versus $0.92 in Q2 2023, with a higher tax rate of 24%.
Cognex reported first-quarter 2024 revenue of $211 million, up 5% from a year earlier, but operating income fell 36% to $14 million and net income per diluted share fell to $0.07 from $0.15. The company also named Dennis Fehr chief financial officer effective May 3, 2024, and expects second-quarter revenue of $230 million to $245 million.
Q1 2024 revenue was $211 million, up 5% from Q1 2023; excluding the Moritex acquisition and currency effects, revenue declined 3%.
GAAP net income per diluted share was $0.07 versus $0.15 a year earlier; adjusted EPS was $0.11 versus $0.13.
Q2 2024 revenue is expected to be between $230 million and $245 million.
Dennis Fehr was appointed Senior Vice President of Finance and Chief Financial Officer, effective May 3, 2024, succeeding Laura MacDonald as principal financial officer.
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.