AI filing briefs · archive

8-K filings in May 2024, explained

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).

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MTUSMetallus Inc. May 9, 4:15 PM ET

Metallus Q1 2024 net income rises to $24.0 million; Q2 EBITDA expected lower

Mixed earnings Written later 2.027.01

Metallus reported first-quarter 2024 net income of $24.0 million, or $0.52 per diluted share, up from $14.4 million, or $0.30, a year earlier, on net sales of $321.6 million, roughly flat year over year. The company expects second-quarter adjusted EBITDA to be lower than the first quarter's $43.4 million, and its board authorized an additional $100 million share repurchase program on May 6, 2024.

  • Q1 2024 net income $24.0 million ($0.52 diluted EPS) vs. $14.4 million ($0.30) in Q1 2023; adjusted EPS $0.56 vs. $0.44
  • Net sales $321.6 million, down 2% from $328.1 million in Q4 2023 and roughly flat vs. $323.5 million in Q1 2023
  • Second-quarter 2024 adjusted EBITDA expected to be lower than Q1's $43.4 million, with surcharge revenue per ton expected to decline
  • Board authorized an additional $100 million share repurchase on May 6, 2024; $132.1 million remains under authorizations
Read the filing on SEC.gov ↗
PDFSPDF SOLUTIONS INC May 9, 4:12 PM ET

PDF Solutions Q1 revenue up 1% to $41.3 million; swings to GAAP net loss

Mixed earnings Written later 2.02

PDF Solutions reported first-quarter 2024 revenue of $41.3 million, up 1% from a year earlier, but swung to a GAAP net loss of $0.4 million, or $0.01 per diluted share, from a $0.4 million profit a year earlier. Non-GAAP diluted earnings per share fell to $0.15 from $0.19. Management expects second-half 2024 revenue to grow 20% over the prior-year period and adopted a new $40 million, two-year stock repurchase program in April 2024.

  • Q1 2024 total revenue was $41.3 million, up 1% from $40.8 million in Q1 2023; Analytics revenue was $38.5 million, up 6%.
  • GAAP net loss was $0.4 million, or $0.01 per diluted share, versus net income of $0.4 million, or $0.01 per share, in Q1 2023.
  • Non-GAAP diluted EPS was $0.15, down from $0.19 in Q1 2023; GAAP gross margin was 67%, down from 71%.
  • CEO John Kibarian said the company continues to expect second-half 2024 revenue to grow 20% over the prior-year period; a new $40 million, 2-year buyback was adopted in April 2024.
Read the filing on SEC.gov ↗
CARGCarGurus, Inc. May 9, 4:05 PM ET

CarGurus Q1 2024 revenue falls 7% to $215.8 million; net income rises 80%

Mixed earnings Written later 2.02

CarGurus reported first quarter 2024 results on May 9, 2024. Total revenue fell 7% year over year to $215.8 million, as product revenue dropped 69% and wholesale revenue dropped 36%, while marketplace revenue rose 12% to $187.2 million. GAAP net income rose 80% to $21.3 million and non-GAAP adjusted EBITDA rose 24% to $50.4 million, and the company guided second quarter total revenue to $202 million to $222 million.

  • Total revenue $215.8 million, down 7%; marketplace revenue $187.2 million, up 12%
  • GAAP consolidated net income $21.3 million, up 80%; non-GAAP adjusted EBITDA $50.4 million, up 24%
  • Second quarter 2024 guidance: total revenue $202 million to $222 million; non-GAAP EPS $0.29 to $0.34
  • Repurchased $81.1 million of shares in the first quarter, representing 3.3% of outstanding capital
Read the filing on SEC.gov ↗
NTCTNETSCOUT SYSTEMS INC May 9, 7:37 AM ET

NETSCOUT Q4 revenue falls to $203.4 million; $50.2 million impairment drives net loss

Mixed earnings Written later 2.02

NETSCOUT reported fourth-quarter fiscal 2024 revenue of $203.4 million, down from $208.1 million a year earlier, and a GAAP net loss of $32.4 million, or $0.46 per share, which includes a $50.2 million non-cash goodwill impairment charge. Non-GAAP net income rose to $0.55 per share from $0.38, and the company guided fiscal 2025 revenue to $800 million to $830 million, described as flat to slightly down, with GAAP EPS of $0.58 to $0.82.

  • Q4 fiscal 2024 revenue was $203.4 million versus $208.1 million in Q4 fiscal 2023; GAAP net loss was $32.4 million, or $0.46 per share (diluted)
  • Full fiscal 2024 revenue was $829.5 million versus $914.5 million in fiscal 2023; GAAP net loss was $147.7 million, or $2.07 per share
  • Fiscal 2025 outlook: revenue of $800 million to $830 million; GAAP EPS of $0.58 to $0.82; non-GAAP EPS of $2.10 to $2.30
  • Voluntary Separation Program restructuring charges are estimated at $18 million to $22 million in fiscal 2025
Read the filing on SEC.gov ↗
PRVAPrivia Health Group, Inc. May 9, 6:11 AM ET

Privia Health Q1 revenue rises 7.5% to $415.2 million; GAAP net income falls 59%

Mixed earnings Written later 2.02

Privia Health reported first quarter 2024 revenue of $415.2 million, up 7.5% from a year earlier, and reiterated its full-year 2024 guidance. GAAP net income fell to $3.0 million from $7.3 million and operating income fell to $0.8 million from $6.7 million, while non-GAAP adjusted EBITDA rose 18.1% to $19.9 million. Stock-based compensation was $11.9 million, up from $5.4 million, and the company did not change its outlook.

  • Total revenue was $415.2 million versus $386.3 million in Q1 2023, up 7.5%
  • Operating income was $0.8 million versus $6.7 million; net income was $3.0 million versus $7.3 million
  • Non-GAAP adjusted net income rose 16.6% to $22.5 million; adjusted EBITDA rose 18.1% to $19.9 million
  • Full-year 2024 guidance was reiterated, including GAAP revenue of $1,600 million to $1,675 million and adjusted EBITDA of $85 million to $90 million
Read the filing on SEC.gov ↗
FAFIRST ADVANTAGE CORP May 9, 6:04 AM ET

First Advantage Q1 revenue falls 3.5% to $169.4 million; net loss of $2.9 million

Mixed earnings Written later 2.02

First Advantage reported first quarter 2024 revenue of $169.4 million, down 3.5% from a year earlier, and a GAAP net loss of $2.9 million, compared with net income of $1.9 million in the same quarter of 2023. The results include $11.1 million of costs related to the pending Sterling acquisition, and adjusted diluted EPS fell to $0.17 from $0.19. The company reaffirmed its full-year 2024 guidance for standalone First Advantage, which excludes Sterling.

  • Revenues were $169.4 million, down 3.5% from $175.5 million in Q1 2023.
  • GAAP net loss was $2.9 million, or $(0.02) per diluted share, including $11.1 million of Sterling acquisition costs.
  • Adjusted diluted EPS was $0.17, down from $0.19; adjusted EBITDA was $46.6 million, down 4.1%.
  • Full-year 2024 guidance reaffirmed: revenues of $750 million to $800 million and adjusted diluted EPS of $0.88 to $0.98.
Read the filing on SEC.gov ↗

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.