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).
BXP, Inc. reported second-quarter 2024 results on July 30, 2024, with revenue of $850.5 million, up from $839.4 million in the first quarter, and diluted FFO per share of $1.77, up from $1.73. Diluted EPS was $0.51, unchanged from the prior quarter, and the filing furnished full-year 2024 and third-quarter guidance for EPS and FFO per share. Same-property NOI excluding termination income fell 4.4% year over year in the quarter, compared with a 1.9% decline in the first quarter.
Total revenue of $850.5 million for the quarter ended June 30, 2024, versus $839.4 million in the prior quarter
Diluted FFO per share of $1.77 versus $1.73; diluted EPS of $0.51 in both quarters
Full-year 2024 guidance: projected diluted EPS of $2.08 to $2.14 and FFO per share of $7.09 to $7.15
Average in-service portfolio occupancy of 87.1% at June 30, 2024, down from 88.2% at March 31, 2024
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.
Powell Industries reported fiscal third-quarter 2024 revenue of $288.2 million, up 50% from a year earlier, and net income of $46.2 million, or $3.79 per diluted share, compared with $1.52 a year earlier. New orders fell to $356 million from $505 million a year earlier, and backlog held at $1.3 billion. The company also declared a quarterly cash dividend of $0.2650 per share.
Revenue $288.2 million, up 50% from $192.4 million; gross margin 28.4%, up from 22.2%
Net income $46.2 million, or $3.79 per diluted share, vs. $1.52 a year earlier
New orders $356 million vs. $505 million a year earlier, which the company attributed to two LNG projects awarded in the prior-year quarter
Quarterly dividend of $0.2650 per share, record date August 14, 2024, payable September 18, 2024
American Assets Trust reported second-quarter 2024 FFO per diluted share of $0.60, up 2% year over year, and raised its full-year 2024 FFO per diluted share guidance to $2.48 to $2.54 from $2.24 to $2.34. The company also said Chairman and CEO Ernest Rady will become Executive Chairman and President Adam Wyll will become CEO, both effective January 1, 2025, with the guidance increase partly attributable to an $11 million lease termination fee to be recognized in the third quarter.
Q2 2024 FFO per diluted share was $0.60, up from $0.59 a year earlier; six-month FFO per diluted share was $1.32, up 6%.
Q2 2024 net income attributable to common stockholders was $11.9 million, or $0.20 per diluted share, compared with $12.0 million, or $0.20, a year earlier.
2024 FFO per diluted share guidance raised to $2.48 to $2.54, a 9.6% increase at midpoint; partly attributable to an $11 million lease termination fee recognized in Q3 2024.
Ernest Rady transitions from CEO to Executive Chairman and Adam Wyll becomes CEO, both effective January 1, 2025.
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.
Mercury General reported second-quarter 2024 net income of $62.6 million, or $1.13 per diluted share, compared with a net loss of $41.5 million, or $0.75 per share, a year earlier. Net premiums earned rose 19.5% to $1.24 billion, and the combined ratio improved to 98.9% from 110.1%, which indicates a much stronger underwriting result for shareholders. The company also declared a quarterly dividend of $0.3175 per share.
Q2 2024 net income was $62.6 million ($1.13 per diluted share), versus a net loss of $41.5 million ($0.75 per share) in Q2 2023.
Net premiums earned rose 19.5% to $1.24 billion; catastrophe losses, net of reinsurance, were $125 million, up from $92 million.
Combined ratio was 98.9% for the quarter, compared with 110.1% a year earlier.
Quarterly dividend of $0.3175 per share, payable September 26, 2024, to holders of record on September 12, 2024.
STAG Industrial reported second-quarter 2024 net income attributable to common stockholders of $59.7 million, up 15.9% from a year earlier, and Core FFO of $0.61 per diluted share, up 8.9%. Cash NOI rose 10.3% to $148.4 million, and the company bought ten buildings for $225.6 million during the quarter. Core earnings measures improved for shareholders, although net income for the six months ended June 30, 2024 fell 4.6%.
Q2 2024 net income attributable to common stockholders was $59.7 million, or $0.33 per share, versus $51.6 million, or $0.29 per share, in Q2 2023
Q2 2024 Core FFO per diluted share was $0.61, up 8.9% from $0.56; Cash NOI was $148.4 million, up 10.3%
The company acquired ten buildings for $225.6 million and sold seven buildings for $78.2 million in Q2 2024
On May 28, 2024, the company issued $450 million of senior unsecured notes at a weighted average fixed rate of 6.17%
First Solar reported second quarter 2024 net sales of $1.0 billion, up $0.2 billion from the first quarter, and net income of $349 million, or $3.25 per diluted share. The company kept its full-year 2024 guidance unchanged. Cash net of debt fell to $1.2 billion from $1.4 billion, mainly due to capital spending on new U.S. factories in Alabama and Louisiana.
Net sales were $1.0 billion, up from $794 million in the first quarter of 2024.
Net income per diluted share was $3.25, compared with $2.20 in the first quarter of 2024.
Full-year 2024 guidance is unchanged, including net sales of $4.4 billion to $4.6 billion and earnings per diluted share of $13.00 to $14.00.
Cash, marketable securities and restricted cash, less debt, fell to $1.2 billion from $1.4 billion at the end of the prior quarter.
NMI Holdings reported record second-quarter 2024 results on July 30, 2024, with net income of $92.1 million, or $1.13 per diluted share, up from $80.3 million, or $0.95 per share, a year earlier. Adjusted diluted EPS was $1.20, excluding non-recurring capital markets transaction costs tied to a second-quarter debt refinancing, and primary insurance-in-force reached $203.5 billion.
Q2 2024 net income was $92.1 million, up 15% from $80.3 million in Q2 2023 and up 3% from $89.0 million in Q1 2024.
Diluted EPS was $1.13, up from $0.95 a year earlier; adjusted diluted EPS was $1.20, excluding $7.0 million of capital markets transaction costs.
Total revenue was $162.1 million, compared with $142.7 million in Q2 2023.
Shareholders' equity was $2.0 billion at June 30, 2024, and book value per share was $25.65.
M/I Homes reported results for the three and six months ended June 30, 2024. Second-quarter revenue rose 9% to $1.1 billion and net income rose 24% to $146.7 million, or $5.12 per diluted share, both described by the company as all-time quarterly records. The company also repurchased $50 million of common stock during the quarter.
Q2 2024 net income of $146.7 million, or $5.12 per diluted share, versus $118.0 million, or $4.12 per diluted share, in Q2 2023
Homes delivered rose 12% to 2,224 and revenue rose 9% to $1.1 billion
Pre-tax income rose 25% to $194.1 million, 17.5% of revenue
Six-month net income was $284.8 million, or $9.90 per diluted share, versus $221.1 million, or $7.77, a year earlier
Watsco reported second-quarter 2024 revenue of $2.1 billion, up 7%, and diluted earnings per share of $4.49, up from $4.42 a year earlier. For the first half, EPS fell to $6.69 from $7.25, while revenue rose 4% to $3.7 billion. The company also raised its annual dividend rate 10% to $10.80 per share and reported $425 million in cash and short-term investments with no borrowings under its $600 million credit facility.
Q2 revenue rose 7% to $2.1 billion (4% on a same-store basis); gross margin was 27.1%.
Q2 diluted EPS was $4.49 versus $4.42; first-half EPS was $6.69 versus $7.25.
Annual dividend rate increased 10% to $10.80 per share, effective April 2024.
As of June 30, 2024, cash and short-term investments totaled $425 million, with no borrowings under the $600 million credit facility.
Howmet Aerospace reported record second quarter 2024 revenue of $1.88 billion, up 14% year over year, and net income of $266 million, or $0.65 per share, versus $193 million, or $0.46 per share, a year earlier. The company raised full year 2024 guidance for all metrics, increased its share repurchase authorization by $2 billion to $2.487 billion, and raised the third quarter dividend 60% to $0.08 per share.
Q2 2024 revenue $1.88 billion, up 14%; commercial aerospace revenue up 27%
Net income $266 million, EPS $0.65, versus $0.46 in Q2 2023
Full year 2024 revenue guidance baseline $7.440 billion; adjusted EPS guidance baseline $2.55
Share repurchase authorization raised to $2.487 billion; Q3 dividend $0.08 per share, payable August 26, 2024
PJT Partners reported second-quarter 2024 total revenues of $360 million, up 4% from a year earlier, and GAAP diluted EPS of $1.06, up 23%. On July 29, 2024, the firm entered a new $100 million revolving credit facility maturing July 29, 2026, and terminated its $60 million facility with First Republic Bank. As of June 30, 2024, the company reported $351 million in cash, cash equivalents and short-term investments and no funded debt.
Q2 2024 total revenues were $360 million, up 4% from $346 million; GAAP diluted EPS was $1.06 versus $0.86.
Six-month revenues were $690 million, up 26%; GAAP diluted EPS was $2.29 versus $1.53.
On July 29, 2024, the new revolving credit facility carries SOFR plus 1.85% and matures July 29, 2026; the prior $60 million facility was terminated.
As of June 30, 2024, cash, cash equivalents and short-term investments were $351 million and the company had no funded debt.
Armstrong World Industries reported record second-quarter 2024 results, with net sales up 12.2% to $365.1 million and diluted EPS up 11.9% to $1.50. The company raised all key full-year 2024 guidance metrics, including adjusted diluted EPS of $6.00 to $6.15, and also removed an outside-director requirement from its compensation committee bylaws.
Q2 2024 net sales $365.1 million, up 12.2%; operating income $95.0 million, up 9.2%
Q2 diluted EPS $1.50 vs. $1.34; adjusted diluted EPS $1.62 vs. $1.38, up 17.4%
2024 guidance raised: net sales $1,415 million to $1,440 million; adjusted diluted EPS $6.00 to $6.15
Bylaws amended effective July 24, 2024 to remove the outside-director requirement for compensation committee members
Gartner reported second-quarter 2024 revenue of $1.6 billion, up 6.1% as reported, and net income of $230 million, up 15.9%. The company also updated its full-year 2024 outlook, though the filing does not state the new figures, and its board added $600 million to the share repurchase authorization on July 25, 2024.
Revenue $1.6 billion, up 6.1% as reported and 6.9% in FX neutral terms; diluted EPS $2.93, up 18.1%
Adjusted EPS $3.22, up 13.0%; adjusted EBITDA $416 million, up 8.2%
Operating cash flow $370 million, down 15.1%; free cash flow $341 million, down 17.0%
Board authorized up to an additional $600 million in buybacks on July 25, 2024; about $450 million remained under the prior authorization as of end of July 2024
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.