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).
Minerals Technologies reported second-quarter 2024 net sales of $541 million, down 2% from the prior year as reported and up 1% on an underlying basis. Diluted earnings per share were $0.61, down from $0.82, after $34.2 million of special items, mainly a $30 million provision for credit losses on a committed line of credit to BMI OldCo, a subsidiary in Chapter 11 bankruptcy. Excluding special items, diluted EPS was $1.65, up 26%, a figure the company calls a record.
Net sales were $541 million, down 2% from $551.5 million a year earlier; underlying growth was 1%
Diluted EPS was $0.61 versus $0.82 a year earlier; excluding special items it was $1.65, up 26%
Special items of $34.2 million include a $30 million provision tied to BMI OldCo (f/k/a Barretts Minerals Inc.) bankruptcy proceeding
Operating income was $51 million as reported and $85 million excluding special items, or 15.7% of sales
Seacoast Banking Corporation of Florida reported second-quarter 2024 net income of $30.2 million, or $0.36 per diluted share, up from $26.0 million, or $0.31, in the first quarter but down from $31.2 million, or $0.37, a year earlier. Net revenues rose 1% from the prior quarter but fell 15% from the prior year, and the net interest margin narrowed to 3.18%.
Net income $30.2 million, $0.36 per diluted share, versus $26.0 million, $0.31 in Q1 2024 and $31.2 million, $0.37 in Q2 2023
Net revenues $126.6 million, up 1% from Q1 2024 and down 15% from Q2 2023
Net interest margin fell to 3.18% from 3.24% in Q1 2024; noninterest expense fell 9% from Q1 to $82.5 million
Total deposits $12.1 billion and loans $10.0 billion at June 30, 2024; loan pipelines rose 46% from March 31, 2024
Columbia Banking System reported second quarter 2024 net income of $120 million, or $0.57 per diluted share, down from $124 million and $0.59 in the first quarter and from $133 million and $0.64 a year earlier. Operating net income was $140 million and operating EPS was $0.67, up from $0.65 in the prior quarter but down from $0.81 a year earlier; the company also filed an investor presentation for its July 25, 2024 earnings call.
Net income was $120 million and diluted EPS was $0.57 for Q2 2024, versus $124 million and $0.59 in Q1 2024 and $133 million and $0.64 in Q2 2023.
Operating net income was $140 million and operating EPS was $0.67, versus $0.65 in Q1 2024 and $0.81 in Q2 2023.
Net interest income rose $4 million to $427 million, while non-interest income fell $6 million to $45 million.
Provision for credit losses was $32 million, up from $17 million in Q1 2024.
Phillips Edison reported second quarter 2024 net income attributable to stockholders of $15.3 million, or $0.12 per diluted share, up from $14.5 million, or $0.12 per share, a year earlier, and reaffirmed its full-year 2024 Nareit and Core FFO per-share guidance. Per-share Nareit FFO fell to $0.57 from $0.58, and Core FFO per share was flat at $0.59, so per-share results did not improve even as dollar totals rose. The company also announced a joint venture with Cohen & Steers Income Opportunities REIT that targets $300 million in equity.
Q2 2024 Nareit FFO was $78.4 million, or $0.57 per diluted share, compared with $0.58 in Q2 2023.
Q2 2024 Core FFO was $80.0 million, or $0.59 per diluted share, flat with Q2 2023.
2024 Nareit FFO guidance of $2.34 to $2.41 per share and Core FFO guidance of $2.37 to $2.45 per share were reaffirmed.
Management will hold a conference call on Friday, July 26, 2024, at 12:00 p.m. Eastern Time.
Principal Financial Group reported second quarter 2024 results on July 25, 2024. Non-GAAP operating earnings rose 3% to $386 million, or $1.63 per diluted share, while GAAP net income fell 9% to $353 million, or $1.49 per diluted share. The company also raised its third quarter common stock dividend to $0.72 per share and returned $415 million to shareholders in the quarter.
Non-GAAP operating earnings of $386 million, or $1.63 per diluted share, up from $375.8 million and $1.53 a year earlier
GAAP net income attributable to PFG of $353 million, or $1.49 per diluted share, versus $388.8 million a year earlier
Third quarter dividend raised to $0.72 per share, a 1 cent increase, payable September 27, 2024 to holders of record as of September 5, 2024
$415 million returned to shareholders in the quarter, including $250 million of share repurchases
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
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
Tootsie Roll reported second quarter 2024 net sales of $148.8 million, down 6% from a year earlier, while net earnings rose to $15.6 million and earnings per share rose 10% to $0.22. The company cited customers' resistance to higher prices and customer inventory adjustments for lower sales, and said higher cocoa and chocolate costs are expected to weigh on margins in the second half of 2024 and in 2025.
Q2 2024 net sales were $148,819,000, down $10,018,000 or 6% from $158,837,000 in Q2 2023.
Q2 2024 net earnings were $15,640,000 versus $14,726,000; EPS was $0.22 versus $0.20.
First half 2024 net sales were $300,283,000, down 6%, while first half EPS rose to $0.44 from $0.39.
The company expects higher cocoa and chocolate costs to have adverse effects on input costs and margins in the second half of 2024 and in 2025.
Old Republic International reported second-quarter 2024 results on July 25, 2024. Pretax income excluding investment gains and losses rose 11.6% to $253.8 million, and diluted earnings per share excluding investment gains rose 22.6% to $0.76. Net income fell to $91.8 million from $155.5 million because of $140.5 million in pretax investment losses, so reported results declined even as operating results improved.
Pretax income excluding investment gains (losses) was $253.8 million, up from $227.3 million a year earlier.
Net income was $91.8 million, down from $155.5 million; pretax investment losses were $140.5 million in the quarter.
Diluted net income per share was $0.35, down from $0.54; excluding investment gains and losses it was $0.76, up from $0.62.
The company returned $479 million to shareholders in the quarter, including $410 million in share repurchases; book value per share was $23.59.
Nasdaq reported second-quarter 2024 net revenues of $1.2 billion, up 25% from a year earlier and up 10% on a pro forma basis, while GAAP diluted earnings per share fell 30% to $0.38. The company also updated its 2024 non-GAAP operating expense guidance and announced a quarterly cash dividend, with the second-quarter dividends declared at $0.24 per share.
Net revenues were $1.2 billion, up 25% year over year and 10% pro forma; Solutions revenues were $901 million, up 34%.
GAAP diluted EPS was $0.38, down 30%; non-GAAP diluted EPS was $0.69, down 3%.
2024 non-GAAP operating expense guidance updated to $2,145 million to $2,185 million; non-GAAP tax rate guidance of 24.5% to 26.5% maintained.
Cash dividends declared were $0.24 per common share in the second quarter of 2024, versus $0.22 a year earlier.
Dow Inc. reported second-quarter 2024 results with net sales of $10.9 billion, down 4% from a year earlier, and operating EPS of $0.68 versus $0.75 in the year-ago period. Sequentially, operating EPS rose from $0.56 and operating EBIT increased $145 million, but both sales and profit remained below the prior-year level, and the company returned $691 million to shareholders in the quarter.
GAAP EPS was $0.62 versus $0.68 a year earlier; operating EPS excludes restructuring and efficiency costs of $0.06 per share.
Operating EBIT was $819 million, down $66 million year over year, and up $145 million from the first quarter of 2024.
Cash provided by operating activities from continuing operations was $832 million, down $515 million year over year.
Dow returned $691 million to shareholders, including $491 million in dividends and $200 million in share repurchases.
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
Ryder reported second-quarter 2024 results for the three months ended June 30, with total revenue up to $3.2 billion from $2.9 billion and comparable EPS from continuing operations down to $3.00 from $3.61. GAAP EPS from continuing operations rose to $2.83 from a loss of $(0.39), a comparison that reflects a prior-year non-cash FMS U.K. business exit charge. The company kept its full-year 2024 comparable EPS forecast at $11.90 to $12.40.
Comparable EPS of $3.00 versus $3.61 a year earlier, reflecting weaker rental and used vehicle sales, partly offset by higher contractual lease, supply chain and dedicated results.
Total revenue of $3.2 billion versus $2.9 billion; operating revenue (non-GAAP) of $2.6 billion, up 10%, reflecting recent acquisitions.
Full-year 2024 GAAP EPS forecast of $11.15 to $11.65 and comparable EPS forecast of $11.90 to $12.40.
Third-quarter 2024 comparable EPS forecast of $3.30 to $3.50.
CMS Energy reported second-quarter 2024 diluted earnings of $0.65 per share, down from $0.67 a year earlier, and adjusted earnings of $0.66 per share, down from $0.75. Operating revenue rose to $1,607 million from $1,555 million, and the company reaffirmed its 2024 adjusted EPS guidance of $3.29 to $3.35 per share, with confidence toward the high end.
Q2 2024 diluted EPS $0.65 vs. $0.67 in Q2 2023; adjusted EPS $0.66 vs. $0.75
Q2 2024 operating revenue $1,607 million vs. $1,555 million in Q2 2023
First-half 2024 reported EPS $1.61 vs. $1.36; adjusted EPS $1.63 vs. $1.45, citing constructive regulatory outcomes and higher weather-normalized sales
2024 adjusted EPS guidance of $3.29 to $3.35 reaffirmed; webcast on July 25, 2024 at 9:30 a.m. ET
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.
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.