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).
Packaging Corporation of America reported second quarter 2024 net income of $199 million, or $2.21 per diluted share, down from $2.24 a year earlier, while net sales rose to $2.1 billion from $2.0 billion. Excluding special items, EPS was $2.20 versus $2.31, but that beat the company's $2.07 second quarter guidance by $0.13. The company expects third quarter earnings of $2.45 per share, citing higher prices and mix in both segments.
Second quarter net income was $198.9 million, or $2.21 diluted EPS, versus $202.7 million, or $2.24, in the second quarter of 2023
Net sales were $2,075.3 million versus $1,952.1 million a year earlier
EPS excluding special items of $2.20 beat second quarter guidance of $2.07 per share by $0.13
Third quarter 2024 earnings are expected at $2.45 per share, with one less shipping day for the corrugated business
Trustmark reported second quarter 2024 net income of $73.8 million, or $1.20 per diluted share, up from $41.5 million and $0.68 in the first quarter. The result was driven by a $171.2 million after-tax gain on the sale of Fisher Brown Bottrell Insurance, which is reported in discontinued operations, while the loss from continuing operations was $100.6 million after a $182.8 million pre-tax loss on securities restructuring. Excluding these non-routine items, adjusted continuing operations net income was $40.5 million, or $0.66 per diluted share.
Net income of $73.8 million, or $1.20 per diluted share, versus $41.5 million, or $0.68 per diluted share, in the first quarter of 2024
Loss from continuing operations of $100.6 million, including a $182.8 million pre-tax loss on the securities portfolio restructuring
Adjusted continuing operations net income of $40.5 million, or $0.66 per diluted share
Board declared a quarterly cash dividend of $0.23 per share, payable September 15, 2024
Enphase Energy reported second-quarter 2024 revenue of $303.5 million, up from $263.3 million in the first quarter but down from $711.1 million in the second quarter of 2023. GAAP net income was $10.8 million, compared with a loss of $16.1 million in the first quarter and $157.2 million a year earlier, and it guided third-quarter 2024 revenue to $370.0 million to $410.0 million. Shareholders get a sequential improvement alongside a steep year-over-year decline.
Q2 2024 revenue was $303.5 million versus $263.3 million in Q1 2024 and $711.1 million in Q2 2023.
GAAP diluted EPS was $0.08 and non-GAAP diluted EPS was $0.43, compared with $0.35 non-GAAP in Q1 2024 and $1.47 non-GAAP in Q2 2023.
Third-quarter 2024 revenue is expected to be within a range of $370.0 million to $410.0 million.
The company repurchased 891,896 shares for approximately $99.9 million and ended the quarter with $1.65 billion in cash, cash equivalents, and marketable securities.
Red Rock Resorts reported second quarter 2024 net revenues of $486.4 million, up 16.9% from a year earlier, and Adjusted EBITDA of $201.7 million, up 15.0%. Net income fell 6.8% to $69.8 million, and diluted earnings per share were $0.59 versus $0.65, so top-line and cash-earnings growth came alongside lower bottom-line profit for shareholders.
Net revenues were $486.4 million, up $70.3 million from $416.1 million in Q2 2023.
Net income was $69.8 million, down from $74.9 million; net income attributable to Red Rock Resorts was $35.7 million versus $39.5 million.
Diluted earnings per Class A share were $0.59 versus $0.65; the filing cites $0.25 quarterly dividend declared for Q3 2024, payable September 30, 2024.
Total principal amount of debt outstanding was $3.5 billion at quarter end, with cash and cash equivalents of $136.4 million.
East West Bancorp reported second quarter 2024 net income of $288 million, or $2.06 per diluted share, up 1% from the first quarter but down from $312 million a year earlier. Revenue fell 1% from the first quarter to $638 million, and net interest income declined 2% as the net interest margin narrowed to 3.27%. The company also declared a $0.55 quarterly dividend and repurchased about 560 thousand shares for $41 million.
Net income $288 million and diluted EPS $2.06, versus $285 million and $2.03 in the first quarter of 2024
Revenue $638 million, down 1% from $644 million in the first quarter; net income was down 7.6% from $312 million in the second quarter of 2023
Net interest margin 3.27%, a 7 basis point decline from the first quarter
Quarterly dividend of $0.55 per share payable August 16, 2024 to holders of record as of August 2, 2024
Mueller Industries reported second quarter 2024 results with net sales of $997.7 million, up from $897.0 million a year earlier. Diluted EPS fell to $1.41 from $1.56, because the prior-year quarter included a $19.5 million insurance settlement gain and net income declined to $160.2 million from $177.7 million.
Net sales were $997.7 million versus $897.0 million in the second quarter of 2023.
Net income was $160.2 million versus $177.7 million, and diluted EPS was $1.41 versus $1.56.
Operating income was $210.0 million versus $210.7 million, and the company said adjusted operating income rose 9.8% over the prior year period.
Cash was $825.7 million at quarter end, after $566.6 million was spent on acquisitions and $15.1 million on stock repurchases during the quarter.
NVR reported second-quarter 2024 revenue of $2.61 billion, up 12%, and net income of $400.9 million, down 1% from a year earlier. Diluted earnings per share rose 4% to $120.69 because the company had fewer diluted shares outstanding, and homebuilding gross profit margin fell to 23.6% from 24.3%.
Q2 net income $400.9 million, down 1% from $404.0 million; diluted EPS $120.69, up 4% from $116.54
Q2 consolidated revenues $2.61 billion, up 12% from $2.34 billion; homebuilding gross profit margin 23.6% vs. 24.3%
Six months ended June 30, 2024: revenues $4.95 billion, up 10%; diluted EPS $237.05, up 9%
Q2 share repurchases of 83,168 shares at an aggregate cost of $639.0 million
Freeport-McMoRan reported second-quarter 2024 net income attributable to common stock of $616 million, or $0.42 per share, up from $343 million, or $0.23 per share, a year earlier, on revenues of $6.6 billion. Copper and gold sales volumes fell year over year because of shipping delays in Indonesia, and the company now expects 2024 gold sales about 150 thousand ounces below its April guidance.
Net income attributable to common stock was $616 million, or $0.42 per share, versus $343 million, or $0.23 per share, in second-quarter 2023; adjusted net income was $667 million, or $0.46 per share.
Revenues were $6.624 billion versus $5.737 billion a year earlier, and operating income was $2.049 billion versus $1.410 billion.
Second-quarter copper sales were 931 million pounds, 10% lower than a year earlier, and gold sales were 361 thousand ounces, 27% lower, due to shipping delays in Indonesia in June 2024.
Full-year 2024 gold sales are expected to approximate 1.8 million ounces, about 150 thousand ounces lower than April 2024 guidance, due to mine sequencing changes at PT-FI.
Invesco reported second-quarter 2024 U.S. GAAP operating revenues of $1,483.3 million, up 0.5% from the first quarter, and diluted EPS of $0.29, down from $0.31. Results include a $50.0 million contingent liability tied to two regulatory matters, including an SEC investigation into electronic business communications recordkeeping. Adjusted diluted EPS, which excludes that charge among other items, rose to $0.43 from $0.33, and the company said it plans to begin share buybacks in the third quarter.
GAAP operating income fell 3.0% to $206.8 million, and net income attributable to Invesco Ltd. fell 6.6% to $132.2 million from $141.5 million in the first quarter.
Adjusted diluted EPS was $0.43 versus $0.33 in the first quarter and $0.31 in the second quarter of 2023.
Net long-term inflows were $16.7 billion, and ending AUM reached a record $1.7 trillion, up 12% year over year.
Common dividend of $0.205 per share is payable September 4, 2024, to holders of record on August 16, 2024.
Dime Community Bancshares reported second-quarter 2024 results on July 23, 2024, with net income available to common stockholders of $16.7 million, or $0.43 per diluted share, up from $0.41 in the first quarter but down from $0.66 a year earlier. Net interest margin rose to 2.41% from 2.21%, while non-interest expense increased to $55.7 million, and the company's $74.8 million subordinated notes offering helped lift its total risk-based capital ratio to 14.5%. For shareholders, the sequential earnings gain came alongside a steep year-over-year decline in profit.
Net income available to common stockholders was $16.7 million, or $0.43 per diluted share, for the quarter ended June 30, 2024, versus $15.9 million, or $0.41, in Q1 2024 and $25.7 million, or $0.66, in Q2 2023.
Net interest income was $75.5 million, up from $71.5 million in Q1 2024 but down from $80.2 million in Q2 2023; net interest margin was 2.41% versus 2.21% in Q1 2024 and 2.50% in Q2 2023.
Total non-interest expense was $55.7 million, compared with $52.5 million in Q1 2024 and $52.2 million in Q2 2023; the efficiency ratio was 63.8%.
Subordinated notes offering, including an overallotment option exercised July 9, 2024, generated total gross proceeds of $74.8 million, lifting the total risk-based capital ratio to 14.5%.
Comcast reported second-quarter 2024 results for the three months ended June 30, 2024, with revenue down 2.7% to $29.7 billion and net income attributable to Comcast down 7.5% to $3.9 billion. Adjusted earnings per share rose 7.0% to $1.21, and the company returned $3.4 billion to shareholders through dividends and share repurchases. The filing contains no updated financial guidance.
Revenue was $29,688 million, down 2.7% from $30,513 million a year earlier.
Net income attributable to Comcast was $3,929 million, down 7.5%; diluted EPS was $1.00, down 1.3%.
Adjusted EPS was $1.21, up 7.0% from $1.13; Adjusted EBITDA was $10,171 million, down 0.7%.
Free cash flow was $1.3 billion, down 60.9%, including a tax payment related to the Hulu transaction; capital returned was $1.2 billion in dividends and $2.2 billion in share repurchases.
Northwest Bancshares reported second quarter 2024 net income of $5 million, or $0.04 per diluted share, down from $33 million ($0.26) a year earlier and $29 million ($0.23) in the first quarter. The decline reflects a $39 million pre-tax loss on the sale of investment securities from a balance sheet repositioning; excluding that loss and $1 million of restructuring expense, adjusted net operating income was $35 million ($0.27 per diluted share), a non-GAAP measure. The board also declared a $0.20 quarterly dividend.
Net income was $5 million, or $0.04 per diluted share, versus $33 million ($0.26) in Q2 2023 and $29 million ($0.23) in Q1 2024.
A $39 million pre-tax loss ($28 million after tax) on the sale of $276 million of investment securities drove the decline; the company expects to earn back the loss over the next three years.
Adjusted net operating income was $35 million, or $0.27 per diluted share, a non-GAAP measure, compared with $34 million ($0.27) in Q2 2023.
Net interest margin rose to 3.20% from 3.10% in Q1 2024; the $0.20 dividend is payable August 14, 2024 to holders of record on August 2, 2024.
Quest Diagnostics reported second-quarter 2024 net revenues of $2.40 billion, up 2.5% from a year earlier, and raised its full-year 2024 revenue and adjusted diluted EPS guidance. Reported diluted EPS fell 1.0% to $2.03, while adjusted diluted EPS rose 2.2% to $2.35, so shareholders see higher sales and adjusted earnings alongside lower reported profit. The updated guidance excludes the pending LifeLabs acquisition.
Q2 2024 net revenues $2.40 billion, up 2.5%; net income attributable to Quest Diagnostics $229 million, down 2.4%
Q2 reported diluted EPS $2.03, down 1.0%; adjusted diluted EPS $2.35, up 2.2%
Full-year 2024 net revenues now expected at $9.50 billion to $9.58 billion, up from $9.40 billion to $9.48 billion
Full-year adjusted diluted EPS now expected at $8.80 to $9.00, up from $8.72 to $8.97; reported diluted EPS range $7.57 to $7.77, high end down from $7.82
Banc of California reported second quarter 2024 net earnings available to common stockholders of $20.4 million, or $0.12 per diluted share, roughly unchanged from the first quarter. Total revenue declined and net charge-offs rose to $55.7 million, while net interest margin widened to 2.80% and a $1.95 billion CIVIC loan sale closed on July 18, 2024, with net proceeds of $1.91 billion that the company says will increase its CET1 capital ratio by more than 30 basis points.
Net earnings available to common stockholders were $20.4 million, or $0.12 per diluted share, versus $20.9 million, or $0.12, in the first quarter of 2024.
Total revenue was $259.3 million, down from $262.9 million in the first quarter; net interest margin rose 14 basis points to 2.80%.
Net charge-offs rose to $55.7 million from $1.2 million in the first quarter, including $28.7 million of CIVIC charge-offs.
The $1.95 billion CIVIC loan sale closed on July 18, 2024, generating net proceeds of $1.91 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.