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).
AptarGroup said CFO Robert Kuhn will retire as CFO on December 31, 2024, and as principal accounting officer on July 31, 2024. Vanessa Kanu, former CFO of TELUS International and Mitel Networks, will become EVP and CFO on January 1, 2025, and Daniel Ackerman, the company's corporate controller since 2015, will become Chief Accounting Officer on August 1, 2024.
Robert Kuhn, CFO since 2008, retires as CFO on December 31, 2024, and as principal accounting officer on July 31, 2024, and will serve as an advisor for one year at $10,000 per month.
Vanessa Kanu's employment agreement sets a $720,000 base salary, a $300,000 sign-on payment and a restricted stock unit grant with a $700,000 grant date fair value.
Kanu is expected to join as CFO designate, with a start date no later than November 1, 2024, subject to U.S. visa approval.
Daniel Ackerman becomes Chief Accounting Officer on August 1, 2024, with a restricted stock unit grant with a $750,000 grant date fair value.
Federated Hermes reported second quarter 2024 earnings of $0.20 per diluted share, down from $0.81 a year earlier, on net income of $21.0 million versus $72.2 million. The results include a $66.3 million non-cash impairment of an indefinite-lived intangible asset, while total managed assets reached a record $782.7 billion, which supports revenue but did not offset the charge.
Q2 2024 revenue was $402.6 million, down 7% from $433.2 million in Q2 2023.
The $66.3 million non-cash impairment equaled $0.76 per diluted share and related to an intangible asset tied to the 2018 acquisition of Federated Hermes Limited.
The board declared a $0.31 per share dividend, payable August 15, 2024, to holders of record as of August 8, 2024.
During Q2 2024 the company bought back 1,559,200 class B shares for $47.5 million.
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
Cousins Properties reported second quarter 2024 Funds From Operations of $103.3 million, or $0.68 per share, flat with a year earlier, while net income available to common stockholders fell to $7.8 million, or $0.05 per share, from $22.6 million, or $0.15 per share, mainly due to higher depreciation expense. The company raised the midpoint of its full year 2024 FFO guidance by $0.02 per share to $2.63 to $2.68, but lowered its net income guidance to $0.31 to $0.36 per share.
Q2 2024 FFO was $103.3 million, or $0.68 per share, versus $103.0 million, or $0.68 per share, in Q2 2023
Q2 2024 net income available to common stockholders was $7.8 million, or $0.05 per share, versus $22.6 million, or $0.15 per share, a year earlier
Full year 2024 FFO guidance raised to $2.63 to $2.68 per share from $2.60 to $2.67; net income guidance lowered to $0.31 to $0.36 per share from $0.32 to $0.39
Same property cash-basis NOI increased 5.1% in Q2 2024 and 391,000 square feet of office leases were executed
Eastern Bankshares reported second quarter 2024 net income of $26.3 million, or $0.16 per diluted share, down from $38.6 million, or $0.24 per diluted share, in the first quarter of 2024. The company also approved a $0.11 quarterly dividend and a share repurchase program of up to $200 million over 12 months, after completing its merger with Cambridge Bancorp on July 12, 2024.
Net income was $26.3 million, or $0.16 per diluted share, versus $38.6 million, or $0.24, in the prior quarter; operating net income was $36.5 million, or $0.22 per diluted share.
Total revenue was $154.0 million, down from $157.6 million in the prior quarter; noninterest expense rose to $109.9 million from $101.2 million.
Board approved a quarterly cash dividend of $0.11 per share, payable September 16, 2024 to holders of record on September 3, 2024.
Share repurchase program covers up to 10.8 million shares (5% of outstanding), capped at $200 million through July 31, 2025; purchases are not expected to begin before early August 2024.
Healthpeak Properties reported second-quarter 2024 results on July 25, 2024, with diluted net income of $0.21 per share, up from $0.09 a year earlier, while Nareit FFO was $0.44 per share, down from $0.45. The company raised its full-year 2024 diluted earnings per share guidance to $0.27 to $0.31 from $0.16 to $0.20. For shareholders, higher earnings guidance is offset in part by a slight decline in FFO per share, a key REIT measure.
Q2 2024 diluted net income of $0.21 per share vs. $0.09 in Q2 2023; Nareit FFO $0.44 vs. $0.45; AFFO $0.39 vs. $0.40
Full-year 2024 diluted EPS guidance raised to $0.27 to $0.31 from $0.16 to $0.20; diluted Nareit FFO guidance raised to $1.59 to $1.63 from $1.56 to $1.60
Quarterly common dividend of $0.30 per share declared July 24, 2024, payable August 16, 2024, to holders of record on August 5, 2024
New $500 million share repurchase authorization effective through July 2026, replacing the existing authorization
Ensign Group reported second-quarter 2024 GAAP diluted EPS of $1.22, up 8.9% from the prior year quarter, and total revenue of $1.04 billion, up 12.5%. The company raised its full-year 2024 earnings guidance to $5.38 to $5.50 per diluted share and its revenue guidance to $4.20 billion to $4.22 billion, which is favorable for shareholders.
Q2 2024 GAAP net income was $71.0 million, up 11.0%; adjusted EPS was $1.32, up 13.8%.
Full-year 2024 EPS guidance raised to $5.38 to $5.50 per diluted share, from $5.29 to $5.47.
Full-year 2024 revenue guidance raised to $4.20 billion to $4.22 billion, from $4.13 billion to $4.17 billion.
Deckers reported first-quarter fiscal 2025 results for the quarter ended June 30, 2024, with net sales up 22.1% to $825.3 million and diluted EPS up 87% to $4.52. The company raised its full-year fiscal 2025 diluted EPS guidance to $29.75 to $30.65, and said it expects to divest the Sanuk brand in August 2024.
Q1 net sales rose 22.1% to $825.3 million; HOKA brand net sales rose 29.7% to $545.2 million.
Q1 diluted EPS was $4.52, compared with $2.41 a year earlier; operating income was $132.8 million versus $70.7 million.
Fiscal 2025 diluted EPS guidance is now $29.75 to $30.65; the company now expects gross margin of about 54%.
Stefano Caroti is set to become President and CEO next week, succeeding Dave Powers.
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.
Columbia Sportswear reported second quarter 2024 net sales of $570.2 million, down 8 percent, and a net loss of $11.8 million, or $(0.20) per diluted share, compared with net income of $8.4 million a year earlier. The company cut its full year 2024 operating income outlook to $256 to $288 million from $259 to $291 million, while keeping its net sales and diluted EPS outlook unchanged, which matters to shareholders because profit expectations were lowered.
Q2 2024 net sales fell 8 percent to $570.2 million, with U.S. wholesale weakness cited as the main driver.
Q2 2024 loss from operations was $23.8 million, compared with operating income of $6.2 million a year earlier.
Full year 2024 operating income outlook lowered to $256 to $288 million; diluted EPS outlook of $3.65 to $4.05 unchanged.
Board declared a quarterly dividend of $0.30 per share, payable August 29, 2024 to holders of record on August 15, 2024.
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
Heritage Financial reported second quarter 2024 net income of $14.2 million, or $0.41 per diluted share, up from $5.7 million in the first quarter but down from $16.8 million in the second quarter of 2023. The company also declared a $0.23 quarterly dividend and announced a CEO succession plan, with Bryan McDonald named President of Heritage Financial and CEO of Heritage Bank effective July 1, 2024. Shareholders see a sequential profit recovery alongside a year-over-year decline, which included a $1.9 million pre-tax loss on securities sales.
Net income $14.2 million, or $0.41 per diluted share, versus $5.7 million, or $0.16, in Q1 2024 and $16.8 million, or $0.48, in Q2 2023
Q2 included a $1.9 million pre-tax loss on sale of investment securities, which reduced diluted EPS by $0.04
Net interest margin was 3.29%, down from 3.32% in Q1 2024 and 3.56% in Q2 2023; loans receivable rose $104.5 million, or 2.4%
Quarterly cash dividend of $0.23 per share payable August 21, 2024 to holders of record August 7, 2024; Jeff Deuel remains CEO of Heritage Financial until May 6, 2025
EMCOR reported record second-quarter 2024 revenue of $3.67 billion, up 20.4%, and diluted EPS of $5.25, up 78.0% from a year earlier. The company raised its full-year 2024 revenue guidance to $14.5 billion-$15.0 billion and its diluted EPS guidance to $19.00-$20.00, which signals stronger expected profits for shareholders.
Q2 2024 net income was $247.6 million, or $5.25 per diluted share, versus $140.6 million, or $2.95, in Q2 2023.
Full-year 2024 diluted EPS guidance raised to $19.00-$20.00 from $15.50-$16.50.
Full-year 2024 revenue guidance raised to $14.5 billion-$15.0 billion from $14.0 billion-$14.5 billion.
Remaining performance obligations were $9.0 billion as of June 30, 2024, up 8.6% year-over-year.
NETSCOUT reported first-quarter fiscal 2025 revenue of $174.6 million, down from $211.1 million a year earlier, and a GAAP net loss of $443.4 million, or $6.20 per share, driven by a $427.0 million non-cash goodwill impairment and a $16.6 million restructuring charge. The company cut its fiscal 2025 GAAP net loss per share guidance to ($5.28) to ($5.03) from a prior GAAP net income range of $0.58 to $0.82, while revenue guidance of $800 million to $830 million and non-GAAP EPS guidance of $2.10 to $2.30 were unchanged.
Q1 FY25 revenue was $174.6 million versus $211.1 million in Q1 FY24; non-GAAP net income was $20.6 million, or $0.28 per share, versus $0.31 per share a year earlier
GAAP net loss was $443.4 million, or $6.20 per share, including a $427.0 million goodwill impairment and a $16.6 million restructuring charge
FY25 GAAP net loss per share guidance is now ($5.28) to ($5.03), versus a prior GAAP net income range of $0.58 to $0.82
Voluntary Separation Program is expected to reduce about 150 employees and generate net annual run-rate savings of $25 million to $27 million
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
Tractor Supply reported second-quarter 2024 net sales of $4.25 billion, up 1.5%, and diluted EPS of $3.93, up from $3.83, but comparable store sales fell 0.5%. The company also narrowed its full-year 2024 outlook, raising the low end of its net sales and EPS ranges while lowering the high end, so shareholders face a mixed picture.
Net sales rose 1.5% to $4.25 billion from $4.18 billion; comparable store sales decreased 0.5%
Diluted EPS of $3.93 vs. $3.83 a year earlier; net income of $425.2 million
2024 EPS guidance now $10.00 to $10.40, versus the prior $9.85 to $10.50
2024 net sales guidance now $14.8 billion to $15.0 billion, versus the prior $14.7 billion to $15.1 billion
Visteon reported second quarter 2024 net sales of $1,014 million, up from $983 million a year earlier, and net income attributable to the company of $71 million, up from $20 million. The company updated its full-year 2024 guidance, citing lower customer vehicle production in the second half and market dynamics in China, which signals a more cautious outlook for shareholders.
Q2 diluted EPS was $2.54, compared with $0.70 in the prior-year quarter.
Adjusted EBITDA was a record $136 million, up from $90 million, with a margin of 13.4% of sales.
Full-year 2024 guidance: sales of $3.85 billion to $3.95 billion and adjusted EBITDA of $455 million to $475 million.
Adjusted free cash flow guidance of $155 million to $185 million was maintained.
Hasbro reported second quarter 2024 net revenues of $995.3 million, down 18% from $1,210.0 million a year earlier, mainly due to the eOne divestiture. GAAP operating profit was $212.1 million versus a loss of $188.6 million in the prior-year quarter, and diluted EPS was $0.99 versus a loss of $1.69. The company raised its full-year guidance, including total Adjusted EBITDA of $975 million to $1.025 billion, and declared a quarterly dividend of $0.70 per share.
Q2 net revenues $995.3 million, down 18%; excluding the eOne divestiture, down 6%
Q2 GAAP operating profit $212.1 million versus a $188.6 million loss a year earlier; diluted EPS $0.99 versus a loss of $1.69
Full-year 2024 total Adjusted EBITDA guidance of $975 million to $1.025 billion; company raised full-year guidance
Quarterly dividend of $0.70 per share payable September 4, 2024, to holders of record on August 21, 2024
Reliance reported second-quarter 2024 net sales of $3.64 billion, down 6.1% from $3.88 billion a year earlier, and diluted EPS of $4.67, down 28.0% from $6.49. Management attributed the decline mainly to lower carbon steel prices, even though tons sold rose 4.7% year over year. The company expects non-GAAP EPS of $3.60 to $3.80 for the third quarter of 2024, and the filing notes continued pricing pressure.
Q2 2024 net sales of $3.64 billion versus $3.88 billion in Q2 2023; diluted EPS of $4.67 versus $6.49
Gross profit margin was 29.8%, compared with 31.0% in Q1 2024 and 31.5% in Q2 2023
Q3 2024 outlook: non-GAAP EPS of $3.60 to $3.80, with average selling price per ton expected to fall 2% to 4% from Q2
Reliance repurchased $519.3 million of stock in Q2 and $165.4 million in July 2024; $755.0 million remained under the program as of July 23, 2024
TechnipFMC reported second-quarter 2024 revenue of $2,325.6 million, up 17.9% from $1,972.2 million a year earlier, and net income attributable to the company of $186.5 million, or $0.42 per diluted share, compared with a loss of $87.2 million a year earlier. The company raised its 2024 guidance for Subsea revenue, Subsea adjusted EBITDA margin and free cash flow, which gives shareholders a higher outlook for the year.
Revenue of $2,325.6 million, up from $2,042.0 million in the first quarter of 2024 and $1,972.2 million in the second quarter of 2023.
Diluted earnings of $0.42 per share, compared with a loss of $(0.20) per share a year earlier; adjusted diluted EPS was $0.43.
Full-year 2024 Subsea revenue guidance raised to $7.6-7.8 billion from $7.2-7.6 billion; free cash flow guidance raised to $425-575 million from $350-500 million.
Total shareholder distributions of $121.5 million in the quarter, including $100 million of share repurchases.
Church & Dwight said its Executive Vice President, Chief Marketing Officer and President of Consumer Domestic, Barry A. Bruno, notified the company on July 22, 2024 that he will leave to pursue an external opportunity. He will remain in his role until early October, and the company expects to name a successor later this year.
Barry A. Bruno, EVP, Chief Marketing Officer and President – Consumer Domestic, is leaving the company
Notice given July 22, 2024; he will stay in his current role until early October
The company expects to name a successor later this year
Northrop Grumman reported second quarter 2024 sales of $10.2 billion, up 7% from a year earlier, and diluted earnings per share of $6.36, up 19%. The company raised its 2024 sales guidance to $41.0 billion to $41.4 billion and its MTM-adjusted EPS guidance to $24.90 to $25.30, which gives shareholders a higher outlook for the year.
Q2 net earnings were $940 million, or $6.36 per diluted share, versus $812 million, or $5.34, in Q2 2023
Free cash flow rose 80% to $1.1 billion; operating cash flow was $1.4 billion
2024 sales guidance raised to $41.0 billion to $41.4 billion from $40.8 billion to $41.2 billion
Mission Systems operating income fell 10% to $361 million on a lower operating margin rate
WEX reported second-quarter 2024 revenue up 8% to $673.5 million, but GAAP net income fell to $77.0 million, or $1.83 per diluted share, from $95.3 million, or $2.20, a year earlier. Adjusted net income rose to $3.91 per diluted share from $3.63. The company now expects full-year 2024 revenue of $2.68 billion to $2.72 billion and adjusted earnings of $15.98 to $16.38 per diluted share, citing a modest revision to its second-half outlook, and expects to enter a $300 million accelerated share repurchase agreement.
Q2 revenue was $673.5 million, up from $621.3 million; the Benefits segment grew 13%.
GAAP diluted EPS was $1.83 versus $2.20; adjusted diluted EPS was $3.91 versus $3.63.
Q3 2024 guidance: revenue of $688 million to $698 million and adjusted EPS of $4.42 to $4.52.
Full-year 2024 guidance: revenue of $2.68 billion to $2.72 billion and adjusted EPS of $15.98 to $16.38; a $300 million accelerated share repurchase is expected in the near future.
Brunswick reported second-quarter 2024 net sales of $1,443.9 million, down 15.2% from a year earlier, and GAAP diluted EPS of $1.55, down 18.8%. The company lowered its full-year 2024 outlook, citing weaker retail boat sales and continued cautious ordering by dealers and manufacturers, which points to lower earnings for shareholders this year.
Q2 2024 net sales were $1,443.9 million, down from $1,702.3 million in Q2 2023; as adjusted diluted EPS was $1.80, down 23.4%.
Full-year 2024 guidance lowered to net sales of $5.2 billion to $5.4 billion and as adjusted diluted EPS of $5.00 to $5.50.
Full-year retail unit sales are now expected to be down approximately 10% versus the original forecast of flat.
Third-quarter 2024 guidance: net sales of $1.2 billion to $1.3 billion and as adjusted diluted EPS of $1.15 to $1.25.
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.
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
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.