AI filing briefs · archive

8-K filings in July 2024, explained

392 material Form 8-K filings that 341 companies we cover made with the SEC in July 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).

Clear

30 of 392 briefs match

newest first · times in ET
PPCPILGRIMS PRIDE CORP Jul 31, 5:54 PM ET

Pilgrim's Pride Q2 net sales rise 5.8% to $4.6 billion; diluted EPS $1.37 vs $0.25

Positive earnings Written later 2.02

Pilgrim's Pride reported second quarter 2024 results with net sales of $4.6 billion, up 5.8% from a year earlier, and operating income of $440.8 million, up from $100.3 million. Diluted GAAP earnings per share were $1.37, compared with $0.25 in the prior-year quarter, and the company said Europe and Mexico both improved. The results show a sharp rise in profit for shareholders, though the filing gives no outlook for future periods.

  • Net sales were $4,559.3 million for the quarter ended June 30, 2024, up 5.8% from $4,308.1 million.
  • Operating income was $440.8 million, compared with $100.3 million a year earlier.
  • GAAP net income was $326.5 million, or $1.37 per diluted share, versus $0.25 per diluted share in the prior-year quarter; the company also reported adjusted EPS of $1.67.
Read the filing on SEC.gov ↗
QTWOQ2 Holdings, Inc. Jul 31, 4:34 PM ET

Q2 Holdings raises 2024 outlook after 12% Q2 revenue growth to $172.9 million

Positive earnings Written later 2.02

Q2 Holdings reported second-quarter 2024 revenue of $172.9 million, up 12% year-over-year, and a GAAP net loss of $13.1 million, narrower than the $23.6 million loss a year earlier. The company raised its full-year 2024 outlook for revenue and adjusted EBITDA, with non-GAAP revenue now guided to $688.5 million to $692.5 million. For shareholders, the filing shows higher sales and profitability on a non-GAAP basis, though the company still reported a GAAP net loss for the quarter.

  • Q2 2024 revenue was $172.9 million, up 12% year-over-year and up 4% from the first quarter of 2024.
  • GAAP net loss for Q2 2024 was $13.1 million, compared with $23.6 million in the prior-year quarter.
  • Adjusted EBITDA for Q2 2024 was $29.9 million, up from $17.6 million a year earlier, a 17.3% margin.
  • Full-year 2024 non-GAAP revenue guidance is $688.5 million to $692.5 million, and adjusted EBITDA guidance is $116.5 million to $119.5 million.
Read the filing on SEC.gov ↗

Rush Street Interactive Q2 revenue rises 34% to $220.4 million; raises 2024 guidance

Positive earnings Written later 2.02

Rush Street Interactive reported second-quarter 2024 revenue of $220.4 million, up 34% from a year earlier, and its net loss narrowed to $0.3 million from $16.7 million. The company raised its full-year 2024 Adjusted EBITDA guidance to $64 million to $72 million and its revenue guidance to $860 million to $900 million, which points to stronger expected profitability for shareholders.

  • Q2 2024 revenue was $220.4 million, up 34% from $165.1 million in Q2 2023.
  • Net loss was $0.3 million versus $16.7 million a year earlier; Adjusted EBITDA was $21.4 million versus $1.2 million.
  • 2024 revenue guidance is $860 million to $900 million, with the midpoint raised by $45 million; Adjusted EBITDA guidance is $64 million to $72 million, with the midpoint raised by $13 million.
  • Unrestricted cash and cash equivalents were $194 million as of June 30, 2024.
Read the filing on SEC.gov ↗
FICOFAIR ISAAC CORP Jul 31, 4:17 PM ET

FICO raises fiscal 2024 guidance; Q3 revenue $448 million, diluted EPS $5.05

Positive earnings Written later 2.02

FICO reported third-quarter fiscal 2024 revenue of $447.8 million, up from $398.7 million a year earlier, and raised its full-year 2024 revenue and EPS guidance. GAAP diluted EPS was $5.05, down slightly from $5.08, and the company said the prior-year quarter included a large one-time favorable expense adjustment.

  • Q3 fiscal 2024 revenue was $447.8 million versus $398.7 million in the prior year period.
  • GAAP diluted EPS was $5.05 versus $5.08; non-GAAP diluted EPS was $6.25 versus $5.66.
  • Full-year 2024 revenue guidance was raised to $1.700 billion from $1.690 billion; GAAP EPS guidance to $19.90 from $19.70.
  • Net cash from operating activities was $213.3 million versus $122.6 million in the prior year quarter.
Read the filing on SEC.gov ↗

Coca-Cola Consolidated Q2 net income rises to $172.8 million; sales up 3.3%

Positive earnings Written later 2.02

Coca-Cola Consolidated reported second-quarter 2024 net sales of $1.8 billion, up 3.3%, and income from operations of $259.1 million, up 10.9%. Net income rose to $172.8 million from $122.3 million a year earlier, and diluted net income per Common Stock share was $18.54 compared with $13.02. Standard physical case volume fell 1.2%, and the company reported a share repurchase obligation to The Coca-Cola Company of $553.7 million on its June 28, 2024 balance sheet.

  • Net sales rose 3.3% to $1.8 billion in Q2 2024, driven by pricing actions taken in Q1 2024; standard physical case volume fell 1.2%.
  • Income from operations was $259.1 million, up $25 million or 10.9%; operating margin was 14.4% versus 13.4%.
  • Net income was $172.8 million versus $122.3 million; diluted net income per Common Stock share was $18.54 versus $13.02.
  • Share repurchase obligation to The Coca-Cola Company was $553.7 million as of June 28, 2024; the full-year 2024 capital expenditure outlook is $300 million to $350 million.
Read the filing on SEC.gov ↗
CLHCLEAN HARBORS INC Jul 31, 7:55 AM ET

Clean Harbors raises 2024 Adjusted EBITDA guidance as Q2 revenue rises 11%

Positive earnings Written later 2.02

Clean Harbors reported second-quarter 2024 results on July 31, 2024, with revenue up 11% to $1.55 billion and net income up 15% to $133.3 million, or $2.46 per diluted share. The company raised its full-year 2024 Adjusted EBITDA guidance to a range of $1.125 billion to $1.165 billion, which points to higher expected profit for shareholders.

  • Q2 2024 revenue rose 11% to $1.55 billion, and income from operations rose 14% to $215.5 million.
  • Net income was $133.3 million, or $2.46 per diluted share, compared with $2.13 per diluted share in Q2 2023.
  • Full-year 2024 Adjusted EBITDA guidance raised to $1.125 billion to $1.165 billion, midpoint $1.145 billion.
  • Company expects Q3 2024 Adjusted EBITDA to grow 20% to 24% from Q3 2023.
Read the filing on SEC.gov ↗
OSWONESPAWORLD HOLDINGS Ltd Jul 31, 7:00 AM ET

OneSpaWorld Q2 revenue rises 12% to $224.9 million; raises 2024 guidance

Positive earnings Written later 2.028.01

OneSpaWorld reported second-quarter 2024 revenue of $224.9 million, up 12% from a year earlier, and net income of $15.8 million, or $0.15 per diluted share, compared with a net loss a year earlier. The company raised its fiscal 2024 revenue and adjusted EBITDA guidance and adopted an annual cash dividend program, with an initial quarterly payment of $0.04 per share.

  • Q2 2024 total revenues were $224.9 million, up from $200.5 million; net income was $15.8 million, or $0.15 per diluted share, versus a net loss of $3.2 million a year earlier.
  • Fiscal 2024 revenue guidance raised to $870-$890 million from $860-$880 million; adjusted EBITDA guidance raised to $102-$108 million from $95-$105 million.
  • Board adopted an annual cash dividend program; the first quarterly dividend of $0.04 per share is payable September 4, 2024 to holders of record on August 21, 2024.
  • Cash totaled $63.7 million at June 30, 2024 after repaying $15.0 million of its first lien term loan; total debt was $123.8 million.
Read the filing on SEC.gov ↗
GRMNGARMIN LTD Jul 31, 7:00 AM ET

Garmin Q2 revenue rises 14% to $1.51 billion and full-year guidance is raised

Positive earnings Written later 2.02

Garmin reported fiscal second quarter 2024 revenue of $1.51 billion, up 14% from the prior year quarter, with GAAP diluted EPS of $1.56 and pro forma diluted EPS of $1.58, up 9%. The company raised its full-year 2024 guidance to revenue of approximately $5.95 billion and pro forma EPS of $6.00, which points to higher expected results for shareholders.

  • Q2 2024 net sales were $1,506,671 thousand, up 14%, with Fitness up 28%, Marine up 26% and Auto OEM up 41%, while Outdoor fell 2%
  • GAAP diluted EPS was $1.56 versus $1.50, and pro forma diluted EPS was $1.58 versus $1.45
  • Full-year 2024 guidance now calls for revenue of approximately $5.95 billion and pro forma EPS of $6.00
  • Quarterly dividend of $0.75 per share has a record date of September 13, 2024 and a payment date of September 27, 2024
Read the filing on SEC.gov ↗
UNMUnum Group Jul 30, 4:36 PM ET

Unum Q2 net income $389.5 million, $2.05 a share; 2024 earnings outlook raised

Positive earnings Written later 2.028.01

Unum Group reported second-quarter 2024 net income of $389.5 million, or $2.05 per diluted share, compared with $392.9 million, or $1.98 per diluted share, a year earlier. The company raised its full-year 2024 after-tax adjusted operating earnings per share growth outlook to 10 percent to 15 percent from 7 percent to 9 percent, and its board authorized up to $1 billion in share repurchases beginning August 1, 2024.

  • Diluted EPS was $2.05 versus $1.98 a year earlier; after-tax adjusted operating income was $411.4 million ($2.16 per diluted share) versus $408.8 million ($2.06) in Q2 2023.
  • Total revenue was $3,233.4 million for the quarter, up from $3,112.2 million a year earlier.
  • Full-year 2024 after-tax adjusted operating EPS growth outlook raised to 10 percent to 15 percent, from 7 percent to 9 percent.
  • Board authorized repurchases of up to $1 billion of common stock from August 1, 2024; the company repurchased $179.8 million of shares in Q2 2024.
Read the filing on SEC.gov ↗

Zurn Elkay Q2 net income rises to $46.0 million; company raises full-year margin outlook

Positive earnings Written later 2.02

Zurn Elkay Water Solutions reported second-quarter 2024 net sales of $412.0 million, up 2% from $403.2 million a year earlier, and net income of $46.0 million, up from $34.6 million. The company raised its full-year adjusted EBITDA margin expansion guidance to 200 to 250 basis points from 150 to 200 and expects full-year free cash flow to exceed $250 million, which bears directly on shareholder returns and the company's ability to keep repurchasing stock.

  • Net sales were $412.0 million, up 2% from $403.2 million; core sales grew 2%.
  • Diluted EPS from continuing operations was $0.26, versus $0.19; adjusted EPS was $0.33, versus $0.24.
  • Adjusted EBITDA was $104.3 million, or 25.3% of net sales, versus $87.0 million, or 21.6%, a year earlier.
  • Full-year adjusted EBITDA margin expansion guidance raised to 200 to 250 basis points from 150 to 200; full-year free cash flow expected to exceed $250 million.
Read the filing on SEC.gov ↗
CNOCNO Financial Group, Inc. Jul 29, 4:22 PM ET

CNO Financial Group Q2 net income rises to $116.3 million; raises full-year guidance

Positive earnings Written later 2.02

CNO Financial Group reported second-quarter 2024 net income of $116.3 million, or $1.06 per diluted share, up from $73.7 million, or $0.64 per diluted share, a year earlier. Net operating income rose to $114.6 million, or $1.05 per diluted share, and the company said it is raising full-year guidance on earnings and cash flow. The company returned $77.2 million to shareholders in the quarter through buybacks and dividends.

  • Net income of $116.3 million, or $1.06 per diluted share, in 2Q24 versus $73.7 million, or $0.64, in 2Q23
  • Net operating income of $114.6 million, or $1.05 per diluted share, in 2Q24 versus $62.3 million, or $0.54, in 2Q23
  • Full-year guidance raised on earnings and cash flow
  • Repurchased $60.0 million of common stock in 2Q24; 106.5 million shares outstanding at June 30, 2024
Read the filing on SEC.gov ↗
VLTOVeralto Corp Jul 25, 4:30 PM ET

Veralto raises 2024 adjusted EPS guidance to $3.37-$3.45 after Q2 sales rise 2.8%

Positive earnings Written later 2.02

Veralto reported second-quarter 2024 sales of $1,288 million, up 2.8% from a year earlier, and GAAP diluted earnings per share of $0.81, down from $0.85. The company raised its full-year 2024 adjusted diluted EPS guidance to $3.37 to $3.45 from $3.25 to $3.34, which points to higher expected profit for shareholders.

  • Q2 sales rose 2.8% to $1,288 million; non-GAAP core sales growth was 3.8%
  • GAAP net earnings were $203 million, or $0.81 per diluted share, versus $209 million, or $0.85, a year earlier
  • Non-GAAP adjusted diluted EPS was $0.85, versus $0.80 in the prior-year quarter
  • Full-year adjusted diluted EPS guidance raised to $3.37 to $3.45; Q3 guidance is $0.82 to $0.86
Read the filing on SEC.gov ↗
SPSCSPS COMMERCE INC Jul 25, 4:06 PM ET

SPS Commerce Q2 revenue rises 18% to $153.6 million; authorizes $100 million buyback

Positive earnings Written later 2.028.01

SPS Commerce reported second-quarter 2024 revenue of $153.6 million, up 18% from a year earlier, and net income of $18.0 million, or $0.48 per diluted share, compared with $14.7 million, or $0.39, in the second quarter of 2023. The board also authorized a new share repurchase program of up to $100 million, effective August 23, 2024, which the company intends to fund with cash on hand.

  • Q2 2024 net income was $18.0 million, or $0.48 per diluted share, versus $14.7 million, or $0.39, in Q2 2023.
  • Third quarter 2024 revenue is expected at $157.6 million to $158.6 million; fiscal 2024 revenue at $624.2 million to $626.0 million, or 16% to 17% growth.
  • The new program authorizes up to $100 million of repurchases through July 24, 2026, replacing a $50 million program from August 2022 that ends July 26, 2024.
Read the filing on SEC.gov ↗
EXPOEXPONENT INC Jul 25, 4:05 PM ET

Exponent raises 2024 guidance as Q2 net income rises 14% to $29.2 million

Positive earnings Written later 2.027.01

Exponent reported second-quarter 2024 net income of $29.2 million, up 14% from a year earlier, and revenues before reimbursements of $132.4 million, up 2%. The company raised its full-year 2024 revenue and EBITDA margin guidance and declared a $0.28 per share quarterly dividend payable September 20, 2024. Third-quarter revenues before reimbursements are expected to be approximately flat.

  • Q2 2024 net income rose to $29.2 million, or $0.57 per diluted share, from $25.7 million, or $0.50, in Q2 2023
  • Revenues before reimbursements rose 2% to $132.4 million; total revenues were approximately flat at $140.5 million
  • Full-year 2024 guidance raised: revenues before reimbursements to grow in the low to mid-single digits, EBITDA margin of 27.5% to 28.0%
  • Quarterly dividend of $0.28 per share to be paid September 20, 2024, to holders of record as of September 6, 2024
Read the filing on SEC.gov ↗
LEALEAR CORP Jul 25, 7:01 AM ET

Lear Q2 2024 EPS rises to $3.02 from $2.84; updates full-year 2024 outlook

Positive earnings Written later 2.02

Lear reported second-quarter 2024 sales of $6.0 billion, a modest increase from $5.999 billion a year earlier, and net income attributable to Lear of $173 million, up from $169 million. Diluted EPS was $3.02 versus $2.84, and adjusted EPS rose 8% to $3.60, which the company attributes mainly to its share repurchase program. The company also updated its full-year 2024 outlook, now showing core operating earnings of $1,030 million to $1,200 million, though the filing does not state the prior outlook for comparison.

  • Q2 2024 sales of $6.0 billion versus $5.999 billion in Q2 2023; core operating earnings flat at $302 million
  • Diluted EPS of $3.02 versus $2.84; adjusted EPS of $3.60 versus $3.33, up 8%
  • Full-year 2024 outlook: net sales $23,230 million to $23,670 million; core operating earnings $1,030 million to $1,200 million; free cash flow $485 million to $635 million
  • Repurchased $60 million of shares in Q2 2024; remaining authorization about $1.4 billion
Read the filing on SEC.gov ↗
TRUTransUnion Jul 25, 6:15 AM ET

TransUnion beats Q2 guidance and raises 2024 revenue growth outlook to 7% to 8%

Positive earnings Written later 2.027.01

TransUnion reported second quarter 2024 revenue of $1,041 million, up 8 percent, and net income attributable to TransUnion of $85 million, compared with $54 million a year earlier. The company said it exceeded its second quarter guidance for revenue and earnings and raised its full-year 2024 revenue growth expectation to 7 to 8 percent, which points to higher expected results for shareholders.

  • Q2 2024 revenue was $1,041 million, up 8 percent from the second quarter of 2023.
  • Diluted earnings per share were $0.44, compared with $0.28 in the second quarter of 2023.
  • The company now expects 2024 revenue growth of 7 to 8 percent, with $80 million of debt voluntarily prepaid during the quarter.
Read the filing on SEC.gov ↗
WTWWILLIS TOWERS WATSON PLC Jul 25, 6:00 AM ET

WTW Q2 Diluted EPS Rises 55% to $1.36; Raises Low End of 2024 Targets

Positive earnings Written later 2.027.01

WTW reported second-quarter 2024 results for the period ended June 30, 2024. Revenue rose 5% to $2.3 billion, diluted EPS rose 55% to $1.36, and adjusted diluted EPS rose 24% to $2.55, while the company raised the low end of its full-year 2024 adjusted operating margin and adjusted EPS targets.

  • Revenue of $2,265 million, up 5% from $2,159 million; organic growth was 6%
  • Diluted EPS of $1.36 vs. $0.88 a year earlier; adjusted diluted EPS of $2.55 vs. $2.05
  • 2024 adjusted diluted EPS target now $16.00-$17.00 (previously $15.40-$17.00); adjusted operating margin target now 23.0%-23.5% (previously 22.5%-23.5%)
  • WTW repurchased $200 million of its outstanding shares during the quarter
Read the filing on SEC.gov ↗
TYLTYLER TECHNOLOGIES INC Jul 24, 4:28 PM ET

Tyler Technologies Q2 revenue rises 7.3% to $541.0 million; full-year guidance revised

Positive earnings Written later 2.02

Tyler Technologies reported second-quarter 2024 revenue of $541.0 million, up 7.3%, and GAAP diluted earnings of $1.57 per share, up from $1.15 a year earlier. The company revised its full-year 2024 guidance, with total revenue now expected at $2.120 billion to $2.150 billion, and said its outlook for the rest of the year is positive.

  • Q2 2024 GAAP net income was $67.7 million, or $1.57 per diluted share, versus $1.15 in Q2 2023; non-GAAP EPS was $2.40, up 20.9%.
  • SaaS revenues grew 23.2% to $156.0 million; SaaS arrangements made up about 97% of new software contract value.
  • Full-year 2024 guidance: total revenue of $2.120 billion to $2.150 billion; GAAP diluted EPS of $5.76 to $5.96; non-GAAP diluted EPS of $9.25 to $9.45.
  • Free cash flow was $48.6 million in Q2 2024, compared with negative $33.2 million a year earlier.
Read the filing on SEC.gov ↗
MCMoelis & Co Jul 24, 4:15 PM ET

Moelis Q2 revenue rises 47% to $264.6 million; net income $0.17 per share

Positive earnings Written later 2.027.01

Moelis & Company reported second-quarter 2024 results, with GAAP revenue up 47% to $264.6 million and GAAP net income attributable to the company of $13.2 million, compared with a loss a year earlier. The firm also declared a $0.60 per share quarterly dividend and reported $191.3 million in cash and liquid investments with no funded debt. The company notes that revenue and net income can fluctuate materially with the number, size and timing of completed transactions.

  • Second-quarter GAAP revenue was $264.6 million, compared with $179.9 million a year earlier; adjusted revenue rose 45%.
  • GAAP diluted earnings were $0.17 per share, compared with a loss of $0.17 per share in Q2 2023; adjusted diluted earnings were $0.18 per share.
  • Quarterly dividend of $0.60 per share, payable September 26, 2024, to holders of record on August 5, 2024.
  • Cash and short-term investments of $191.3 million as of June 30, 2024, with no debt or goodwill.
Read the filing on SEC.gov ↗
CCSCentury Communities, Inc. Jul 24, 4:15 PM ET

Century Communities Q2 net income rises 63% to $83.7 million; raises 2024 guidance

Positive earnings Written later 2.025.028.01

Century Communities reported second-quarter 2024 net income of $83.7 million, or $2.61 per diluted share, up 63% from a year earlier, on total revenues of $1.0 billion, up 23%. The company raised its full-year 2024 guidance for home deliveries and home sales revenues, and its board approved a new repurchase authorization of up to an additional 4.5 million shares.

  • Q2 2024 net income of $83.7 million, or $2.61 per diluted share, versus $51.4 million in Q2 2023
  • Full-year 2024 guidance raised to 10,700 to 11,300 home deliveries and $4.2 billion to $4.4 billion in home sales revenues
  • Board authorized up to an additional 4.5 million shares for repurchase; total authorization is 5,078,143 shares as of July 24, 2024
  • J. Scott Dixon appointed non-interim Chief Financial Officer effective immediately; base salary raised to $650,000
Read the filing on SEC.gov ↗
RSGREPUBLIC SERVICES, INC. Jul 24, 4:05 PM ET

Republic Services raises 2024 earnings guidance as Q2 earnings per share rise 20%

Positive earnings Written later 2.027.018.01

Republic Services reported second-quarter 2024 revenue of $4.048 billion, up 8.6% from a year earlier, and diluted earnings per share of $1.62, up from $1.35. The company raised its full-year 2024 adjusted diluted earnings per share guidance to $6.15 to $6.20 and increased its quarterly dividend by 4.5 cents to $0.580 per share, which shareholders may find meaningful.

  • Q2 2024 net income attributable to Republic Services was $511.5 million, or $1.62 per diluted share, versus $1.35 in Q2 2023
  • Q2 2024 adjusted diluted earnings per share was $1.61, versus $1.41 a year earlier
  • Full-year 2024 adjusted diluted EPS guidance raised to $6.15 to $6.20; adjusted free cash flow guidance $2.150 billion to $2.170 billion
  • Quarterly dividend increased to $0.58 per share, payable October 15, 2024, to holders of record on October 2, 2024
Read the filing on SEC.gov ↗

Wabtec Q2 sales up 9.8% to $2.64 billion; raises 2024 adjusted EPS guidance

Positive earnings Written later 2.027.01

Wabtec reported second quarter 2024 sales of $2.64 billion, up 9.8% from a year earlier, and GAAP diluted earnings per share of $1.64, up 54.7%. The company raised and tightened its 2024 adjusted diluted EPS guidance to $7.20 to $7.50, while leaving its revenue guidance unchanged at $10.25 billion to $10.55 billion, which indicates higher expected profit for shareholders.

  • Q2 2024 sales of $2.64 billion, up 9.8%; Freight segment sales up 13.1%
  • GAAP diluted EPS of $1.64, up 54.7%; adjusted diluted EPS of $1.96, up 39.0%
  • 2024 adjusted diluted EPS guidance raised and tightened to $7.20 to $7.50; revenue guidance unchanged at $10.25 billion to $10.55 billion
  • Returned $235 million to shareholders through share repurchases and dividends in the quarter
Read the filing on SEC.gov ↗
ROPROPER TECHNOLOGIES INC Jul 24, 7:02 AM ET

Roper Technologies Q2 revenue rises 12% to $1.72 billion; raises low end of guidance

Positive earnings Written later 2.02

Roper Technologies reported second-quarter 2024 revenue up 12% to $1.72 billion and adjusted DEPS up 9% to $4.48, while GAAP DEPS fell 7% to $3.12. The company raised the low end of its full-year 2024 adjusted DEPS guidance to $18.10-$18.25, from $18.05-$18.25, and continues to expect about 12% total revenue growth.

  • Q2 2024 revenue $1.72 billion, up 12%; organic revenue up 4%
  • GAAP DEPS $3.12, down 7% from $3.36; adjusted DEPS $4.48, up 9%
  • FY 2024 adjusted DEPS guidance $18.10-$18.25 vs. prior $18.05-$18.25
  • Q3 2024 adjusted DEPS expected at $4.50-$4.54
Read the filing on SEC.gov ↗
ALLEAllegion plc Jul 24, 6:01 AM ET

Allegion raises 2024 outlook as Q2 revenue rises 5.8% and diluted EPS climbs 9.9%

Positive earnings Written later 2.02

Allegion reported second-quarter 2024 revenue of $965.6 million, up 5.8%, and net earnings of $1.77 per diluted share, up 9.9% from $1.61. The company raised its full-year 2024 reported revenue growth and adjusted EPS outlook, which benefits shareholders by signaling stronger expected earnings for the year.

  • Q2 adjusted EPS of $1.96, up 11.4% from $1.76; adjusted operating margin of 23.7%, up 150 basis points
  • Full-year 2024 adjusted EPS outlook raised to $7.15 to $7.30; reported revenue growth raised to 2.5% to 3.5%
  • Available cash flow outlook affirmed at approximately $540 million to $570 million
Read the filing on SEC.gov ↗

Weatherford Q2 revenue rises 10% to $1.4 billion; net income up 52% to $125 million

Positive earnings Written later 2.025.028.01

Weatherford reported second-quarter 2024 revenue of $1.405 billion, up 10% from a year earlier, with net income of $125 million and diluted earnings of $1.66 per share, compared with $1.12 a year earlier. The company also declared its first quarterly dividend of $0.25 per share, authorized a $500 million share repurchase program running through June 2027, and appointed Steven Beringhause to its board. Management reaffirmed expectations for adjusted free cash flow of over $500 million for the full year.

  • Revenue of $1,405 million, up 10% year over year and 3.5% sequentially; diluted EPS of $1.66 versus $1.12 in Q2 2023
  • Adjusted EBITDA of $365 million, a 26.0% margin; adjusted free cash flow of $96 million
  • Quarterly dividend of $0.25 per share payable September 12, 2024, to holders of record August 13, 2024
  • Steven Beringhause appointed to the board, increasing its size to six directors
Read the filing on SEC.gov ↗
EGPEASTGROUP PROPERTIES INC Jul 23, 4:18 PM ET

EastGroup Q2 EPS rises to $1.14; raises 2024 FFO outlook to $8.28-$8.38

Positive earnings Written later 2.02

EastGroup reported second-quarter 2024 diluted EPS of $1.14, up from $0.97 a year earlier, and FFO of $2.09 per share, up 9.4%. The company also revised its 2024 FFO guidance to $8.28-$8.38 per share from $8.17-$8.37 in April, a higher range for shareholders.

  • Q2 2024 diluted EPS was $1.14 versus $0.97 in Q2 2023; FFO excluding gains was $2.05 per share, up 8.5%
  • Same PNOI excluding lease termination income rose 5.3% on both straight-line and cash bases for the quarter
  • 2024 FFO per share guidance revised to $8.28-$8.38; 2024 EPS guidance set at $4.63-$4.73
  • Operating portfolio was 97.4% leased as of June 30, 2024, with average occupancy of 97.0% for the quarter versus 98.1% a year earlier
Read the filing on SEC.gov ↗
ADCAGREE REALTY CORP Jul 23, 4:05 PM ET

Agree Realty raises 2024 AFFO guidance after Q2 per-share gains

Positive earnings Written later 2.02

Agree Realty reported second quarter 2024 results on July 23, 2024, with net income per share up 25.6% to $0.52 and AFFO per share up 6.4% to $1.04. The company raised its full-year 2024 AFFO per share guidance to $4.11 to $4.14 from $4.10 to $4.13 and lifted its acquisition volume outlook to approximately $700 million from approximately $600 million.

  • Q2 2024 net income per share rose 25.6% to $0.52; Core FFO per share rose 5.7% to $1.03
  • 2024 AFFO per share guidance raised to $4.11 to $4.14 from $4.10 to $4.13
  • 2024 acquisition volume guidance raised to approximately $700 million from approximately $600 million
  • Commitments received to expand the credit facility to $1.25 billion from $1.0 billion, with maturity extended to August 2029
Read the filing on SEC.gov ↗
MANHMANHATTAN ASSOCIATES INC Jul 23, 4:04 PM ET

Manhattan Associates Q2 revenue rises to $265.3 million; raises 2024 guidance

Positive earnings Written later 2.02

Manhattan Associates reported second-quarter 2024 revenue of $265.3 million, up from $231.0 million a year earlier, and GAAP diluted earnings per share of $0.85 versus $0.63. The company also raised its full-year 2024 guidance, now projecting total revenue of $1,036 million to $1,044 million and GAAP diluted EPS of $3.08 to $3.16, with adjusted EPS of $4.22 to $4.30.

  • Q2 2024 total revenue was $265.3 million, compared with $231.0 million in Q2 2023.
  • Q2 2024 GAAP diluted EPS was $0.85, compared with $0.63; adjusted diluted EPS was $1.18, compared with $0.88.
  • 2024 full-year guidance: total revenue $1,036 million to $1,044 million (12% growth) and GAAP EPS $3.08 to $3.16.
  • Cash flow from operations was $73.3 million in Q2 2024, compared with $40.6 million in Q2 2023; cash totaled $202.7 million at June 30, 2024.
Read the filing on SEC.gov ↗

Equity LifeStyle Properties Q2 normalized FFO rises 2.9%; full-year guidance raised

Positive earnings Written later 1.012.02

Equity LifeStyle Properties reported second-quarter 2024 results on July 22, with net income per share of $0.42, up from $0.34, and normalized FFO per share of $0.66, up 2.9%. The accompanying release also increased the company's 2024 earnings guidance, with full-year normalized FFO per share now projected at $2.86 to $2.96. The filing also discloses a July 18 amendment extending the maturity of its $500 million line of credit to July 18, 2028, with other material terms, including interest rate terms, unchanged.

  • Q2 2024 net income per share was $0.42 versus $0.34 in Q2 2023; normalized FFO per share was $0.66 versus $0.64.
  • Full-year 2024 normalized FFO per share guidance is $2.86 to $2.96; third-quarter guidance is $0.69 to $0.75.
  • On July 18, 2024, the $500 million credit line maturity was extended to July 18, 2028, and the $300 million term loan gained an option to extend to April 16, 2027.
Read the filing on SEC.gov ↗
NTRSNORTHERN TRUST CORP Jul 17, 7:14 AM ET

Northern Trust Q2 net income rises to $896.1 million on $878.4 million Visa gain

Positive earnings Written later 2.027.01

Northern Trust reported second-quarter 2024 net income of $896.1 million, or $4.34 per diluted share, up from $214.7 million in the first quarter and $331.8 million a year earlier. The results were driven mainly by a $878.4 million net gain from the Visa transaction, while $196.3 million of restructuring charges and other notable items partly offset it. Shareholders should note that the gain is one-time in nature and that trust fees, which rose 6% from the prior-year quarter, are the company's largest recurring revenue source.

  • Net income was $896.1 million, versus $214.7 million in Q1 2024 and $331.8 million in Q2 2023.
  • Diluted EPS was $4.34, compared with $0.96 in Q1 2024 and $1.56 in Q2 2023.
  • Visa-related net gain of $878.4 million; restructuring and other notable items totaled $196.3 million, including $85.2 million of severance-related charges and a $70.0 million charitable commitment to the Northern Trust Foundation.
  • Trust, investment and other servicing fees were $1,166.1 million, up 6% from Q2 2023. The company returned $405.1 million to common shareholders through dividends and buybacks.
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.