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).
FirstEnergy reported second quarter 2024 GAAP earnings of $45 million, or $0.08 per share, down from $235 million, or $0.41 per share, a year earlier, while operating (non-GAAP) EPS rose 19% to $0.56 on revenue of $3.3 billion. The company affirmed its 2024 operating EPS guidance of $2.61 to $2.81 and gave third quarter guidance of $0.85 to $0.95 per share. The GAAP decline reflects $0.48 per share of special items, including a $0.28 charge tied to an asset retirement obligation regulatory change.
GAAP earnings were $45 million, or $0.08 per share, versus $235 million, or $0.41 per share, in Q2 2023; revenue was $3.3 billion versus $3.0 billion.
Operating EPS was $0.56 versus $0.47 a year earlier, above the midpoint of company guidance.
Special items totaled $0.48 per share in Q2 2024, including a $0.28 asset retirement obligation regulatory change.
2024 operating EPS guidance of $2.61 to $2.81 was affirmed; third quarter guidance is $490 million to $547 million, or $0.85 to $0.95 per share.
Essex reported second-quarter 2024 net income of $1.45 per diluted share, down from $1.55 a year earlier, while Core FFO per diluted share rose 4.5% to $3.94. The company raised its full-year 2024 Core FFO guidance midpoint to $15.50 from $15.23 and its net income per diluted share midpoint to $8.35 from $8.24, so shareholders see higher expected operating results even though quarterly GAAP earnings fell.
Q2 2024 Core FFO per diluted share was $3.94 versus $3.77 in Q2 2023; net income per diluted share was $1.45 versus $1.55.
Full-year 2024 Core FFO per diluted share guidance range revised to $15.38 to $15.62, up from $15.03 to $15.43.
Same-property revenues grew 3.4% year over year in Q2 2024, and same-property NOI grew 3.0%.
Results were released July 30, 2024; the earnings conference call is set for July 31, 2024 at 10:00 a.m. PT.
Kadant reported second-quarter 2024 revenue up 12% to a record $275 million and adjusted EPS up 11% to $2.81, while GAAP EPS rose 5% to $2.66. The company raised the low end of its full-year revenue and adjusted EPS guidance but lowered its full-year GAAP EPS guidance to $9.20 to $9.45 due to acquisition-related costs.
Q2 2024 revenue rose 12% to $274.8 million; organic revenue grew 2%, with acquisitions adding 11%
Full-year 2024 revenue guidance is $1.045 to $1.065 billion, up from $1.040 to $1.065 billion at the low end
Full-year GAAP EPS guidance was cut to $9.20 to $9.45 from $9.39 to $9.69, with acquisition-related costs of $0.60 per share
Management will discuss results on a webcast and conference call on July 31, 2024 at 11:00 a.m. Eastern
Acadia Realty Trust reported second-quarter 2024 net income of $1.2 million, or $0.01 per share, down from $9.0 million, or $0.09 per share, a year earlier, and FFO Before Special Items of $0.31 per share, down from $0.36. The company raised the low end of its 2024 FFO Before Special Items guidance and lowered the top end of its net earnings and NAREIT FFO guidance, while raising its quarterly dividend 5.6% to $0.19 per share.
Q2 2024 total revenues were $87.3 million, compared with $89.9 million in Q2 2023.
NAREIT FFO was $0.25 per share, versus $0.37; FFO Before Special Items was $0.31, versus $0.36.
2024 FFO Before Special Items guidance changed to $1.26-$1.32 from $1.24-$1.32; net earnings guidance changed to $0.07-$0.11 from $0.07-$0.13.
Quarterly dividend increased to $0.19 per share, payable October 15, 2024 to holders of record as of September 30, 2024.
Voya Financial reported second-quarter 2024 net income available to common shareholders of $201 million, or $1.96 per diluted share, up from $154 million, or $1.41, a year earlier. Adjusted operating earnings fell to $223 million, or $2.18 per diluted share, from $243 million, or $2.21, mainly due to lower net underwriting gains in Health Solutions. The board also approved a dividend increase to $0.45 per share from the third quarter, which the company said is supported by $174 million in share repurchases during the quarter.
Net income available to common shareholders: $201 million ($1.96 per diluted share) vs. $154 million ($1.41) in Q2 2023, helped by investment gains.
Adjusted operating earnings: $223 million ($2.18 per diluted share) vs. $243 million ($2.21), mainly from lower Health Solutions underwriting gains.
Quarterly dividend to rise $0.05, or 12.5%, to $0.45 per share beginning in Q3 2024.
Capital returned in Q2 2024 included $174 million in share repurchases and $40 million in common stock dividends; $551 million remains under the repurchase authorization.
Penumbra reported second-quarter 2024 revenue of $299.4 million, up 14.5% from a year earlier, but posted a GAAP net loss of $60.2 million after a $110.3 million impairment charge tied to its immersive healthcare assets. The company also lowered its full-year 2024 revenue guidance to $1,180 million to $1,200 million, down $60 million at the midpoint from $1,230 million to $1,270 million, which weighs on the outlook for shareholders.
Q2 2024 revenue of $299.4 million, up 14.5%; U.S. thrombectomy revenue rose 24.9% to $153.7 million
2024 revenue guidance cut to $1,180 million to $1,200 million from $1,230 million to $1,270 million, with the China and European businesses cited as main drivers
Non-GAAP income from operations of $31.7 million and adjusted EBITDA of $46.3 million for the quarter
DoubleVerify reported second-quarter 2024 revenue of $155.9 million, up 17% year over year, and raised the midpoints of its full-year 2024 revenue and adjusted EBITDA guidance. Net income fell to $7.5 million from $12.8 million a year earlier, so revenue growth did not carry through to GAAP profit. The results were detailed in a press release attached as Exhibit 99.1 to the 8-K filed July 30, 2024.
Q2 revenue of $155.9 million, up from $133.7 million; net income of $7.5 million versus $12.8 million; diluted EPS $0.04 versus $0.07.
Adjusted EBITDA of $46.8 million, a 30% margin, compared with $40.0 million a year earlier.
Full-year 2024 guidance: revenue of $667 million to $675 million and adjusted EBITDA of $206 million to $214 million, with midpoints raised.
Repurchased $25 million of stock in Q2; $100 million remained available under the repurchase program as of July 30, 2024.
UMB Financial reported second-quarter 2024 GAAP net income of $101.3 million, or $2.07 per diluted share, down from $110.3 million, or $2.25 per share, in the first quarter but up from $90.1 million, or $1.85 per share, a year earlier. Total revenue fell to $390.0 million from $398.7 million in the first quarter, while the board declared a $0.39 per share quarterly dividend.
GAAP diluted EPS was $2.07 for Q2 2024, versus $2.25 in Q1 2024 and $1.85 in Q2 2023; net operating income was $105.9 million, or $2.16 per diluted share.
Total revenue was $390.0 million, down $8.7 million from the first quarter, driven by lower investment securities gains and other income.
Average loans rose 7.3% year over year to $23.8 billion; net interest margin was 2.51%.
Legal and consulting expense of $16.6 million included costs tied to the announced acquisition of Heartland Financial USA, Inc.; the board declared a $0.39 dividend payable October 1, 2024, to holders of record on September 10, 2024.
Advanced Energy reported second quarter 2024 revenue of $364.9 million, up from $327.5 million in the first quarter but down from $415.5 million a year earlier. GAAP earnings per diluted share from continuing operations were $0.41, compared with $0.15 in the prior quarter and $0.73 a year ago. The company also expects most of its severance and facility-related charges from further manufacturing consolidation to be recognized in the third quarter of 2024, and its third quarter GAAP EPS guidance midpoint is negative.
Q2 2024 revenue was $364.9 million, versus $327.5 million in Q1 2024 and $415.5 million in Q2 2023.
Q2 2024 GAAP diluted EPS from continuing operations was $0.41; non-GAAP diluted EPS was $0.85, versus $1.11 in Q2 2023.
Illinois Tool Works reported second-quarter 2024 revenue of $4.0 billion, down 1.2% from a year earlier, while GAAP diluted EPS rose 2.4% to $2.54 and operating income rose 4.5% to $1.05 billion. The company lowered the top end of its full-year 2024 GAAP EPS guidance to $10.30 to $10.40 per share from $10.30 to $10.70, while raising its operating margin guidance to 26.5% to 27%.
Q2 2024 revenue was $4.0 billion, down 1.2%, with organic growth of negative 0.1%
GAAP diluted EPS was $2.54, up 2.4%; excluding a one-time 2023 tax item, EPS rose 5.4%
Full-year 2024 GAAP EPS guidance narrowed to $10.30 to $10.40 from $10.30 to $10.70
Company repurchased $375 million of its own shares in the quarter and plans about $1.5 billion of repurchases for 2024
Public Service Enterprise Group reported second-quarter 2024 net income of $434 million, or $0.87 per share, down from $591 million, or $1.18 per share, a year earlier. Non-GAAP operating earnings were $313 million, or $0.63 per share, compared with $351 million, or $0.70 per share, and the company reaffirmed its full-year 2024 non-GAAP operating earnings guidance of $3.60 to $3.70 per share.
Q2 2024 consolidated operating revenues were $2,423 million, compared with $2,421 million in Q2 2023.
Q2 2024 net income was $434 million ($0.87 per share), versus $591 million ($1.18 per share) in Q2 2023.
Non-GAAP operating earnings were $313 million ($0.63 per share), versus $351 million ($0.70 per share).
Full-year 2024 non-GAAP operating earnings guidance of $3.60 to $3.70 per share was reaffirmed.
LGI Homes reported second quarter 2024 net income of $58.6 million, or $2.48 diluted EPS, up from $2.25 a year earlier, while home sales revenues fell to $602.5 million from $645.3 million. The company raised its full-year 2024 gross margin guidance to 23.5% to 24.5% and set home closings guidance at 6,400 to 7,200, which gives shareholders a mixed picture of lower sales volume offset by higher profitability.
Q2 2024 home closings were 1,655, compared with 1,854 in Q2 2023.
Q2 2024 diluted EPS was $2.48, compared with $2.25 in Q2 2023, which the company said was an increase of 10.2%.
Full-year 2024 guidance: 6,400 to 7,200 home closings, average sales price of $360,000 to $370,000, and gross margin of 23.5% to 24.5%.
The company repurchased 83,763 shares for $8.0 million in the second quarter.
Zebra Technologies reported second-quarter 2024 net sales of $1.2 billion, up 0.2% from a year earlier, while GAAP net income fell 21.5% to $113 million. The company raised its full-year 2024 outlook, now expecting net sales growth of 4% to 7% and non-GAAP diluted earnings per share of $12.30 to $12.90.
Q2 2024 net sales of $1,217 million vs. $1,214 million a year earlier; GAAP diluted EPS of $2.17 vs. $2.78
Non-GAAP diluted EPS of $3.18 vs. $3.29; adjusted EBITDA of $250 million vs. $257 million
Full-year 2024 guidance raised: net sales growth of 4% to 7%, non-GAAP diluted EPS of $12.30 to $12.90, free cash flow of at least $700 million
Third-quarter guidance: net sales expected to rise 25% to 28%; non-GAAP diluted EPS of $3.00 to $3.30
Corning reported second-quarter 2024 GAAP sales of $3.25 billion, up 9% from the first quarter but flat year over year, while GAAP diluted EPS fell to $0.12 from $0.33 a year earlier. Core sales of $3.60 billion and core EPS of $0.47 both rose 4% year over year, and management guided third-quarter core sales to about $3.7 billion with core EPS of $0.50 to $0.54. The company also said it reached an agreement with Lumen Technologies to reserve 10% of its global fiber capacity for each of the next two years.
GAAP net income attributable to Corning was $104 million, down 63% year over year, and GAAP diluted EPS was $0.12 versus $0.33 in Q2 2023.
Core sales were $3.60 billion, up 4% year over year, and core EPS was $0.47, up from $0.45.
Third-quarter outlook: core sales of approximately $3.7 billion and core EPS of $0.50 to $0.54.
Corning and Lumen Technologies agreed to reserve 10% of Corning's global fiber capacity for each of the next two years for AI-enabled data center networks.
Hayward Holdings reported second-quarter fiscal 2024 net sales of $284.4 million, up from $283.5 million a year earlier, and net income of $37.6 million, up 28%. The company narrowed its full-year 2024 guidance, lowering the top of its net sales range to $1.040 billion from $1.060 billion and the top of its Adjusted EBITDA range to $270 million from $275 million, citing a more challenging demand environment.
Q2 net income rose 28% to $37.6 million; diluted EPS was $0.17, up 31%; adjusted diluted EPS was $0.21, up 11%.
Q2 Adjusted EBITDA was $82.6 million, up from $79.5 million; gross profit margin rose 290 basis points to 51.0%.
Full-year 2024 net sales guidance is now $1.010 billion to $1.040 billion, versus prior $1.010 billion to $1.060 billion.
Full-year 2024 Adjusted EBITDA guidance is now $255 million to $270 million, versus prior $255 million to $275 million.
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.