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).
Ormat Technologies reported first-quarter 2024 results on May 8, 2024. Total revenues rose 21.0% year over year and diluted EPS rose 25.5% to $0.64, while operating income fell 1.1% to $52.6 million. The company reiterated its full-year 2024 revenue and Adjusted EBITDA guidance and declared a quarterly dividend of $0.12 per share.
Total revenues were $224.2 million, up 21.0% from $185.2 million; diluted EPS was $0.64 versus $0.51.
Net income attributable to stockholders was $38.6 million, up 32.9%; operating income was $52.6 million, down 1.1%.
Adjusted EBITDA was $141.2 million, up 14.4%; 2024 guidance reiterated at $860 million to $910 million in total revenues and $515 million to $545 million in Adjusted EBITDA.
Quarterly dividend of $0.12 per share is payable June 5, 2024, to holders of record as of May 22, 2024.
STERIS reported fiscal 2024 fourth-quarter revenue up 10% to $1.5 billion and full-year revenue up 12% to $5.5 billion, and announced a targeted restructuring plan with approximately $100 million in pre-tax charges. The fourth-quarter U.S. GAAP result was a net loss of $1.4 million, or $0.01 per diluted share, compared with net income of $187.2 million a year earlier, as results were negatively impacted by a $206.4 million pre-tax loss tied to the Dental segment and $44.4 million of restructuring charges. The company expects fiscal 2025 adjusted earnings per diluted share of $9.05 to $9.25, compared with $8.20 in fiscal 2024.
Q4 fiscal 2024 revenue rose 10% to $1.5 billion; Q4 U.S. GAAP net loss was $1.4 million, or $0.01 per diluted share, versus net income of $187.2 million a year earlier.
Full-year fiscal 2024 U.S. GAAP EPS was $3.81, up from $1.07; adjusted EPS was $8.83, up from $8.20.
Restructuring plan carries about $100 million in pre-tax charges, with $44.4 million recorded in Q4 and the balance in fiscal 2025; about $50 million is non-cash.
Fiscal 2025 outlook calls for revenue from continuing operations to rise 6.5% to 7.5% and adjusted EPS of $9.05 to $9.25.
Innoviva reported first quarter 2024 results for the period ended March 31, 2024. Total revenue rose to $77.5 million from $76.4 million, and net income increased to $36.5 million, or $0.58 basic per share, from $34.9 million, or $0.51 basic per share, a year earlier. Net product sales grew 66% to $19.1 million, while the company's share buyback program was completed by April 25, 2024.
Total revenue was $77.5 million versus $76.4 million in Q1 2023; the prior year included $8.0 million of license revenue, and none was reported in Q1 2024.
Net product sales were $19.1 million, up 66% from $11.5 million, led by XACDURO and GIAPREZA.
Diluted earnings per share were $0.46 versus $0.42 in the prior year period.
Share repurchases totaled $9.7 million in Q1 2024, and the program was completed through April 25, 2024 with a further approximately $5.3 million of repurchases.
The Cheesecake Factory reported first-quarter fiscal 2024 revenue of $891.2 million, up from $866.1 million a year earlier, and net income of $33.2 million, or $0.68 per diluted share, compared with $0.56 a year earlier. Comparable restaurant sales at The Cheesecake Factory restaurants declined 0.6%, and the Board declared a $0.27 quarterly dividend.
Revenue of $891.2 million versus $866.1 million in the first quarter of fiscal 2023
Net income of $33.2 million; diluted EPS of $0.68 versus $0.56 a year earlier
Adjusted diluted EPS of $0.73 excludes a $3.2 million pre-tax net expense tied to asset impairments, lease terminations and FRC acquisition-related items
Quarterly dividend of $0.27 per share, payable June 4, 2024 to holders of record on May 22, 2024
Maximus reported fiscal second-quarter 2024 results for the quarter ended March 31, 2024, with revenue up 11.7% to $1.35 billion and diluted EPS of $1.31, compared with $0.52 a year earlier. The company raised its fiscal 2024 guidance, with adjusted diluted EPS now expected at $5.65 to $5.85, an increase of $0.40 per share from prior guidance at the midpoint.
Revenue rose 11.7% to $1.35 billion from $1.21 billion, with organic growth of 12.6%.
Diluted EPS was $1.31 versus $0.52; adjusted diluted EPS was $1.57 versus $0.81.
FY24 revenue guidance is $5.15 billion to $5.25 billion, up $75 million at the midpoint.
The board declared a quarterly cash dividend of $0.30 per share, payable May 31, 2024.
Crane NXT reported first-quarter 2024 net sales of $313.6 million, down 4.7% from a year earlier, with GAAP EPS of $0.66 versus $0.77 and Adjusted EPS of $0.85 versus $0.98. It completed the $270 million cash acquisition of OpSec Security on May 3, 2024, and raised full-year 2024 sales growth guidance to 5% to 8% from -1% to +3%, while reaffirming Adjusted EPS guidance of $4.10 to $4.35.
Q1 2024 net sales were $313.6 million, down $15.5 million or 4.7%; core sales fell 4.2%, mainly from lower volumes at Crane Payment Innovations.
GAAP EPS was $0.66 versus $0.77; Adjusted EPS was $0.85 versus $0.98.
Full-year 2024 sales growth guidance was raised to 5% to 8% from -1% to +3%, reflecting the OpSec acquisition; Adjusted EPS guidance of $4.10 to $4.35 was unchanged.
Quarterly dividend of $0.16 per share declared, payable June 12, 2024 to holders of record as of May 31, 2024.
QuinStreet reported fiscal third-quarter 2024 results for the period ended March 31, 2024. Revenue fell from $172.7 million a year earlier and the GAAP net loss widened to $7.0 million, or $(0.13) per diluted share, from $479 thousand, or $(0.01) per share. The company guided fiscal fourth-quarter revenue to $180 million to $190 million and adjusted EBITDA to $10 million to $11 million, which the filing says would be above year-ago levels.
Q3 revenue was $168.6 million, down from $172.7 million a year earlier.
GAAP net loss was $(7.0) million, or $(0.13) per diluted share; adjusted net income was $3.4 million, or $0.06 per diluted share.
Adjusted EBITDA was $7.9 million, versus $9.0 million a year earlier.
Fiscal Q4 outlook: revenue of $180 million to $190 million and adjusted EBITDA of $10 million to $11 million.
Texas Pacific Land reported first-quarter 2024 net income of $114.4 million, or $4.97 per diluted share, and total revenues of $174.1 million, compared with $86.6 million and $146.4 million a year earlier. Both headline measures rose year over year, and operating expenses fell to $38.1 million from $41.4 million. The company also declared a $1.17 per share quarterly dividend and released a produced water desalination presentation ahead of a May 9, 2024 earnings call.
Net income was $114.4 million, or $4.97 per diluted share, versus $86.6 million, or $3.75 per share, in the first quarter of 2023; per-share figures reflect the three-for-one stock split effective March 26, 2024.
Total revenues were $174.1 million, up from $146.4 million a year earlier, with water sales of $37.1 million and total water services and operations revenue of $62.7 million.
Board declared a quarterly cash dividend of $1.17 per share, payable June 17, 2024 to holders of record on June 3, 2024.
Earnings call is scheduled for 7:30 a.m. Central Time on May 9, 2024.
Universal Technical Institute reported fiscal 2024 second-quarter revenue of $184.2 million, up 12.4% from a year earlier, and net income of $7.8 million, up from $3.5 million. The company raised its full-year fiscal 2024 guidance for revenue, net income, diluted EPS and adjusted EBITDA, and gave initial fiscal 2025 projections that include revenue of nearly $800 million.
Q2 revenue of $184.2 million, up 12.4% from $163.8 million; diluted EPS of $0.14 versus $0.04
Fiscal 2024 revenue guidance raised to $720 million to $730 million from $710 million to $720 million
Fiscal 2024 net income guidance raised to $37 million to $41 million from $36 million to $40 million
Initial fiscal 2025 projections: revenue of nearly $800 million and adjusted EBITDA margin of approximately 15%
Sabra Health Care REIT reported first quarter 2024 net income of $26.3 million, or $0.11 per diluted share, compared with a net loss of $9.5 million, or $0.04 per share, a year earlier. Total revenues rose to $166.7 million from $161.3 million, and the company reiterated its 2024 earnings guidance.
Q1 2024 normalized FFO was $0.34 per diluted share, up from $0.33 a year earlier; normalized AFFO was $0.35, up from $0.34.
Total revenues were $166.7 million, up from $161.3 million; senior housing managed portfolio operating expenses rose to $49.7 million from $43.6 million.
2024 guidance reiterated: normalized FFO of $1.34 to $1.38 per diluted share and normalized AFFO of $1.39 to $1.43, assuming no 2024 acquisitions or dispositions.
Board declared a quarterly dividend of $0.30 per share, payable May 31, 2024, to holders of record as of May 20, 2024.
Sunrun reported first-quarter 2024 revenue of $458.2 million, down 22% from a year earlier, as more customers chose subscription agreements that recognize revenue over time. Net loss attributable to common stockholders narrowed to $87.8 million, or $0.40 per share, from $240.4 million, or $1.12 per share, a year earlier. The company cut its full-year 2024 solar installation and value-generated guidance while reiterating its cash generation target, which matters to shareholders because the revenue decline and lower guidance weigh against the narrower loss.
Total revenue was $458.2 million, down $131.6 million or 22% from Q1 2023; customer agreements and incentives revenue rose 31% to $323.0 million.
Net loss attributable to common stockholders was $87.8 million, or $0.40 per share, versus $240.4 million, or $1.12 per share, in Q1 2023.
Full-year 2024 Solar Energy Capacity Installed guidance was cut to a 15% decline to flat growth, from -5% to +5%.
Cash Generation was negative $311 million in Q1; management reiterated a $200 million to $500 million annualized run-rate target for Q4 2024.
Safety Insurance Group reported first quarter 2024 net income of $20.1 million, or $1.36 per diluted share, compared with a net loss of $12.3 million, or $0.84 per diluted share, a year earlier. Net earned premiums rose 23.1% to $236.1 million, and the combined ratio improved to 101.9% from 118.5%, which the company linked to prior-year growth and a severe weather event in the first quarter of 2023. The board also declared a $0.90 per share quarterly dividend payable June 14, 2024.
Net income of $20.1 million, or $1.36 per diluted share, versus a net loss of $12.3 million, or $0.84 per diluted share, in Q1 2023
Net earned premiums rose 23.1% to $236.1 million; combined ratio improved to 101.9% from 118.5%
Q1 2023 losses included $32.1 million from a severe weather event
Quarterly dividend of $0.90 per share payable June 14, 2024, to holders of record on June 3, 2024
Duolingo reported first-quarter 2024 results on May 8, 2024, with revenue of $167.6 million, up 45% from a year earlier, and net income of $27.0 million, compared with a net loss of $2.6 million in the prior-year quarter. The company raised its full-year 2024 guidance for bookings, revenue and Adjusted EBITDA. A director, Laela Sturdy, also resigned from the board and its Audit and Mergers and Acquisition committees effective May 6, 2024, and the filing says her resignation was not due to any disagreement with the company.
Total bookings were $197.5 million, up 41%, and paid subscribers reached 7.4 million, up 54%.
Net income was $27.0 million versus a net loss of $2.6 million a year earlier; Adjusted EBITDA margin was 26.3% versus 13.1%.
Full-year 2024 revenue guidance is $726.5 million to $735.5 million, and bookings guidance is $808.5 million to $817.5 million.
Director Laela Sturdy resigned from the board and its Audit and Mergers and Acquisition committees, effective May 6, 2024.
Airbnb reported first-quarter 2024 revenue of $2.14 billion, up 18% from a year earlier, and net income of $264 million, up 126% from $117 million in Q1 2023. The company also guided to second-quarter 2024 revenue of $2.68 billion to $2.74 billion, which it said implies 8% to 10% year-over-year growth, and it expects that growth to accelerate in Q3 2024.
Q1 2024 revenue was $2.14 billion, up 18% year-over-year, helped in part by the timing of Easter
Net income was $264 million, up from $117 million in Q1 2023; net income margin was 12% versus 6%
Adjusted EBITDA was $424 million with a 20% margin, compared with $262 million and 14% in Q1 2023
Q2 2024 revenue outlook is $2.68 billion to $2.74 billion, implying 8% to 10% year-over-year growth; the company repurchased $750 million of Class A stock in Q1 2024
BancFirst appointed Hannah Andrus as Executive Vice President, Chief Financial Officer and Treasurer, effective May 8, 2024, replacing Kevin Lawrence, who resigned effective May 7, 2024, to pursue other career interests. The filing sets her base salary at $275,000 and a target annual incentive of 25%, and she was granted 4,000 restricted stock units.
Hannah Andrus, 38, becomes CFO and Treasurer effective May 8, 2024; the board made the appointment on March 28, 2024.
Kevin Lawrence, CFO since April 1, 2015, resigned effective May 7, 2024, to pursue other career interests.
Andrus's compensation: $275,000 annual base salary and a target annual incentive award of 25%.
Andrus was granted 4,000 restricted stock units on March 29, 2024, under the 2023 Restricted Stock Unit Plan.
Visa Inc. filed an 8-K dated May 8, 2024, stating that the settlement of its Exchange Offer is incorporated by reference from Item 1.01. The filing attaches a form of Makewhole Agreement as Exhibit 10.1 but does not state the offer's size, terms, or exchange results, so the financial effect for shareholders cannot be determined from this document.
Filing dated May 8, 2024, signed by CFO Chris Suh
Settlement of the Exchange Offer is incorporated by reference from Item 1.01
Exhibit 10.1 is a Form of Makewhole Agreement, previously filed as Exhibit 99.2 to Amendment No. 1 to Form S-4 (File No. 333-276747) on March 11, 2024
No dollar amounts or exchange ratios are disclosed in this filing
Vericel reported first quarter 2024 total revenue of $51.3 million, up 25% from $41.0 million a year earlier, and a net loss of $3.9 million, or $0.08 per diluted share, versus a $7.5 million loss in the prior-year quarter. The company raised its full-year 2024 revenue guidance to $238 million to $242 million from $237 million to $241 million.
Total net revenue rose 25% to $51.3 million for the quarter ended March 31, 2024, with MACI at $40.2 million and Burn Care at $11.1 million.
Net loss narrowed to $3.9 million, or $0.08 per diluted share, from $7.5 million, or $0.16 per diluted share, a year earlier.
Non-GAAP adjusted EBITDA rose 325% to $7.2 million, or 14% of net revenue.
2024 total net revenue guidance was raised to $238 million to $242 million; gross margin (about 70%) and adjusted EBITDA margin (about 20%) guidance was maintained.
Fox Corporation reported fiscal third-quarter results for the three months ended March 31, 2024. Revenue fell to $3.45 billion from $4.08 billion a year earlier, mainly because the prior year included the Super Bowl LVII broadcast, while net income attributable to Fox stockholders rose to $666 million ($1.40 per share) from a loss of $54 million.
Total revenues were $3.45 billion versus $4.08 billion in the prior-year quarter; advertising revenue fell to $1.24 billion from $1.88 billion.
Net income attributable to Fox Corporation stockholders was $666 million ($1.40 per share), compared with a net loss of $54 million ($(0.10) per share), helped by the absence of prior-year legal settlement charges at FOX News Media and a ga
Adjusted EBITDA was $891 million, up $58 million or 7%, as expenses decreased.
As of March 31, 2024, the company had a remaining share repurchase authorization of up to $1.65 billion.
Griffon reported fiscal second-quarter 2024 revenue of $672.9 million, down 5% from the prior year, while net income was $64.1 million, or $1.28 per diluted share, compared with a net loss of $62.3 million a year earlier. The company raised its full-year 2024 segment EBITDA guidance to $555 million from $525 million and its revenue outlook to $2.65 billion from $2.6 billion, which would benefit shareholders if achieved.
Q2 revenue was $672.9 million, down 5% from $711.0 million in the prior year quarter.
Net income was $64.1 million, or $1.28 per diluted share, versus a net loss of $62.3 million, or $1.17 per share, a year earlier.
Adjusted earnings per share were $1.35, compared with $1.21 in the prior year quarter.
2024 outlook: segment adjusted EBITDA raised to $555 million from $525 million; revenue raised to $2.65 billion from $2.6 billion.
The New York Times Company reported first-quarter 2024 results, with total revenues up 5.9% year-over-year to $594.0 million and operating profit up 73.2% to $48.3 million. Diluted earnings per share were $0.24, compared with $0.13 a year earlier, and the company gave second-quarter revenue and adjusted operating cost guidance.
Total revenues rose 5.9% to $594.0 million from $560.7 million; digital-only subscription revenues rose 13.2% to $293.0 million.
Net income was $40.4 million versus $22.3 million, and diluted EPS was $0.24 versus $0.13.
Digital-only subscribers reached 9.91 million, a net increase of 210,000 in the quarter.
Second-quarter guidance: digital-only subscription revenues up 11% to 14%, and adjusted operating costs up 4% to 5%.
Reynolds Consumer Products reported first-quarter 2024 net income of $49 million, up from $17 million a year earlier, and diluted EPS of $0.23 versus $0.08. Net revenues fell 5% to $833 million from $874 million, and the company raised its full-year 2024 net income outlook while reiterating its net revenue and Adjusted EBITDA outlook. Shareholders get higher profit and a higher net income outlook, but revenue is declining and the second-quarter revenue outlook is below the prior-year level.
Q1 2024 net revenues were $833 million vs. $874 million in Q1 2023; retail net revenues fell 3% to $794 million.
Q1 net income was $49 million vs. $17 million; Adjusted EBITDA was $122 million vs. $82 million.
Full-year 2024 net income outlook raised to $341 million to $357 million from $331 million to $347 million; EPS outlook raised to $1.62 to $1.70 from $1.57 to $1.65.
Board approved a quarterly dividend of $0.23 per share, payable May 31, 2024, to holders of record as of May 17, 2024.
NiSource reported first quarter 2024 GAAP net income available to common shareholders of $344.3 million, or $0.77 per diluted share, up from $319.2 million, or $0.71 per share, a year earlier. The company reaffirmed its 2024 adjusted EPS guidance of $1.70-1.74 and raised its 2024-2028 base capital expenditure plan to $16.4 billion, a $400 million increase, without incremental equity issuance.
Q1 2024 GAAP net income available to common shareholders was $344.3 million, or $0.77 per diluted share, versus $0.71 a year earlier
Q1 2024 adjusted EPS was $0.85, compared with $0.77 in Q1 2023
2024 adjusted EPS guidance of $1.70-1.74 reaffirmed; 2023-2028 adjusted EPS growth of 6-8% a year reaffirmed
2024-2028 base capital expenditure plan increased to $16.4 billion from $16 billion
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.