352 material Form 8-K filings that 310 companies we cover made with the SEC in August 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).
Ventas reported second-quarter 2024 results on August 1, 2024. Attributable net income fell to $0.05 per share from $0.26 a year earlier, while normalized FFO rose 7% to $0.80 per share and total revenues rose to $1.2 billion from $1.1 billion. The company raised its full-year 2024 normalized FFO per share guidance midpoint to $3.15 from $3.14 and its attributable net income per share midpoint to $0.10 from $0.07.
Q2 2024 attributable net income of $0.05 per share, down 81% from $0.26 in Q2 2023
Q2 2024 normalized FFO of $0.80 per share, up 7% from $0.75; Nareit FFO fell 25% to $0.77
Full-year 2024 normalized FFO per share guidance midpoint raised to $3.15 from $3.14
Year-to-date investments of about $350 million in senior housing, funded by about $500 million of equity issuance
Mettler-Toledo reported second-quarter 2024 sales of $946.8 million, down 4% from a year earlier, and adjusted EPS of $9.65, down 5%. Reported diluted EPS rose to $10.37 from $9.69, helped by a one-time non-cash tax benefit of $1.07 per share. The company raised its full-year 2024 adjusted EPS forecast to $40.20 to $40.50, but sales weakness in Asia/Rest of World and China remains a concern for shareholders.
Reported sales fell 4% to $946.8 million; local currency sales decreased 2% in the quarter.
Adjusted EPS was $9.65, down from $10.19; reported diluted EPS was $10.37, up from $9.69.
Full-year 2024 adjusted EPS forecast raised to $40.20 to $40.50 from $39.90 to $40.40; local currency sales growth forecast unchanged at about 2%.
Third-quarter 2024 adjusted EPS is forecast at $9.90 to $10.05.
Xenia Hotels & Resorts reported second quarter 2024 net income attributable to common stockholders of $15.3 million, up 11.2% from a year earlier, while Adjusted EBITDAre fell 8.4% to $68.4 million. The company moderately lowered the midpoint of its full-year 2024 Adjusted EBITDAre guidance, citing softer leisure demand and continued expense pressure, which matters to shareholders because it signals lower expected earnings for the year.
Q2 2024 Adjusted EBITDAre was $68.4 million, down 8.4% from Q2 2023; net income attributable to common stockholders was $15.3 million, or $0.15 per share, up 11.2%
Full-year 2024 Adjusted EBITDAre guidance is $243 million to $255 million, a variance of $3 million lower at the low end and $7 million lower at the high end versus prior guidance
Same-Property RevPAR rose 1.8% to $185.69 in Q2 2024; excluding Hyatt Regency Scottsdale, RevPAR rose 5.0%
Company sold the 107-room Lorien Hotel & Spa for $30 million and declared a $0.12 per share quarterly dividend, with a record date of June 28, 2024
RingCentral reported second-quarter 2024 total revenue of $593 million, up 10% year over year, and non-GAAP diluted EPS of $0.91 versus $0.83 a year earlier. It raised its full-year 2024 total revenue outlook to $2.393 billion to $2.399 billion and its non-GAAP EPS range to $3.62 to $3.67, while GAAP net loss per share narrowed to $0.16 from $0.23.
Q2 2024 GAAP net loss per share was $0.16, compared with $0.23 a year earlier.
Net cash provided by operating activities was $127 million in Q2 2024; free cash flow was $109 million, versus $73 million in Q2 2023.
The company repurchased $82 million of shares in Q2 2024 and has about $326 million remaining on its total authorization.
Full-year 2024 free cash flow guidance was raised to $395 million to $400 million from $385 million to $390 million.
GoDaddy reported second-quarter 2024 revenue of $1.1 billion, up 7.3% from a year earlier, and net income of $146.3 million, up 76%. The company raised its full-year 2024 revenue expectation to $4.525 billion to $4.565 billion and its free cash flow target to at least $1.3 billion, which signals improved financial results for shareholders.
Q2 2024 total revenue was $1,124.5 million, up 7.3% from $1,048.1 million; the company said this exceeded the high end of its guided range.
Q2 2024 net income was $146.3 million, or $1.01 diluted earnings per share, versus $83.1 million and $0.54 a year earlier.
Full-year 2024 revenue outlook was raised to $4.525 billion to $4.565 billion; unlevered free cash flow target is at least $1.45 billion and free cash flow target is at least $1.3 billion.
Third-quarter 2024 revenue is expected to be $1.13 billion to $1.15 billion, and the company repurchased 4.1 million shares for $520.8 million year-to-date through July 30, 2024.
Regency Centers reported second-quarter 2024 results on August 1, 2024, with net income attributable to common shareholders of $0.54 per diluted share, up from $0.51 a year earlier. The REIT raised its full-year 2024 Nareit FFO guidance to $4.21 to $4.25 per diluted share from $4.15 to $4.21, which signals higher expected operating results for shareholders.
Q2 2024 Nareit FFO was $1.06 per diluted share, up from $1.03 in Q2 2023; Core Operating Earnings was $1.02, up from $0.96.
2024 Nareit FFO guidance raised to $4.21 to $4.25 per diluted share; Core Operating Earnings guidance raised to $4.06 to $4.10.
Same Property NOI rose 3.3% excluding lease termination fees and collection of 2020-2021 reserves; Same Property percent leased was 95.8%.
On July 31, 2024, the board authorized a new share repurchase program of up to $250 million and declared a $0.67 quarterly common dividend.
LeMaitre Vascular reported preliminary second-quarter 2024 results, with sales of $55.8 million, up 11% from a year earlier, and net income of $11.8 million, up 46%. The company raised its full-year 2024 guidance, now projecting sales of $216.8 million to $220.8 million and EPS of $1.82 to $1.91, which shareholders will weigh alongside the company's higher quarterly profitability.
Q2 2024 sales $55.8 million, up 11% (12% organic); diluted EPS $0.52, up 44%
Gross margin 68.9%, up from 64.0% in Q2 2023; operating income $14.4 million, up 52%
Full-year 2024 guidance: sales $216.8 million to $220.8 million; EPS $1.82 to $1.91
Quarterly dividend of $0.16 per share payable August 29, 2024, to holders of record August 15, 2024
American Homes 4 Rent reported second quarter 2024 results on August 1, 2024. Rents and other single-family property revenues rose 7.1% to $423.5 million and Core FFO per share rose 8.5% to $0.45, but net income attributable to common shareholders fell to $92.1 million, or $0.25 per diluted share, from $0.27 a year earlier, mainly due to lower net gains on property sales. The company raised its full year 2024 Core FFO guidance to $1.74-$1.78 per share from $1.70-$1.76, which it attributed in part to higher rental rates and cost control.
Rents and other single-family property revenues rose 7.1% to $423.5 million for Q2 2024, up from $395.5 million a year earlier.
Net income attributable to common shareholders was $92.1 million, or $0.25 per diluted share, versus $98.0 million, or $0.27, in Q2 2023.
Full year 2024 Core FFO per share guidance raised to $1.74-$1.78 from $1.70-$1.76; midpoint up $0.03 to $1.76.
Issued $500.0 million of 5.500% unsecured senior notes due 2034, with net proceeds of $494.0 million.
Bright Horizons Family Solutions reported second-quarter 2024 revenue of $670 million, up 11% from a year earlier, and net income of $39 million, up 90%. The company said it is increasing its full-year 2024 outlook for both revenue and adjusted earnings per share, to a revenue range of $2.65 billion to $2.7 billion and adjusted diluted EPS of $3.30 to $3.40.
Q2 2024 diluted EPS was $0.67 versus $0.35 a year earlier; diluted adjusted EPS was $0.88 versus $0.64, up 38%.
Income from operations rose 52% to $69 million, helped by enrollment growth and back-up care utilization, partly offset by a $9.3 million decline in pandemic-related government funding.
2024 revenue guidance is $2.65 billion to $2.7 billion; adjusted diluted EPS guidance is $3.30 to $3.40.
Cash from operations for the first half of 2024 was $225.8 million, versus $180.0 million a year earlier.
Omega Healthcare Investors reported second-quarter 2024 net income of $117 million, or $0.45 per diluted share, up from $62 million, or $0.25, a year earlier, and raised its full-year 2024 Adjusted FFO guidance to $2.78 to $2.84 per share from $2.70 to $2.80. Quarterly Adjusted FFO per share was $0.71, down from $0.74 in the second quarter of 2023.
Q2 2024 net income was $117 million ($0.45 diluted per share), versus $62 million ($0.25) in Q2 2023.
Q2 2024 Adjusted FFO was $185 million ($0.71 per share), versus $183 million ($0.74) in Q2 2023.
Total revenues were $252.7 million, up from $250.2 million in Q2 2023.
The company completed $648 million in new investments through July 31, 2024, and LaVie Care Centers filed for Chapter 11 bankruptcy protection in June 2024.
Arcosa said its subsidiary agreed on August 1, 2024 to buy the construction materials business of Stavola Holding Corporation for a cash price of about $1.2 billion, with closing expected in the fourth quarter of 2024. The same day, Arcosa reported second-quarter results with revenue up 14% and diluted EPS up to $0.93 from $0.84, and raised the low end of its full-year adjusted EBITDA guidance, though operating cash flow fell sharply.
Purchase agreement dated August 1, 2024 for Stavola's business at about $1.2 billion cash, subject to adjustments; expected close in Q4 2024 and terminable if not closed by November 1, 2024
Commitment letter for a $1.2 billion 364-day bridge loan, with Arcosa expecting to raise permanent long-term debt before closing
Q2 2024 revenues $664.7 million (up 14%), net income $45.6 million (up 11%), diluted EPS $0.93 vs. $0.84; adjusted EBITDA $112.7 million (up 31%)
Full-year 2024 adjusted EBITDA range raised to $420 million to $440 million from $410 million to $440 million; operating cash flow fell to $38.3 million from $127.6 million
Bio-Rad reported second-quarter 2024 net sales of $638.5 million, down 6.3% from a year earlier, and a GAAP net loss of $2,165.5 million, driven by a change in the fair market value of its Sartorius AG investment. The company lowered its full-year 2024 outlook, now expecting non-GAAP revenue to decline 2.5% to 4.0% on a currency-neutral basis, and its board raised the buyback authorization by $500 million.
Q2 2024 net sales were $638.5 million, down 6.3% from $681.1 million; Life Science fell 16.5% and Clinical Diagnostics rose 2.1%.
GAAP net loss was $2,165.5 million, or $76.26 per diluted share, versus a loss of $39.59 per share a year earlier; non-GAAP EPS was $3.11 versus $3.00.
Full-year 2024 non-GAAP revenue outlook moved to a 2.5% to 4.0% decline from prior 1.0% to 2.5% growth; non-GAAP operating margin outlook cut to 12.0% to 13.0% from 13.5% to 14.0%.
On July 29, 2024, the board authorized up to an additional $500 million in repurchases; about $578 million was available as of July 31, 2024.
DiamondRock reported second quarter 2024 total revenues of $309.3 million, up 6.2% from a year earlier, but net income fell 37.1% to $24.6 million, or $0.10 per diluted share, after $20.4 million of severance costs. The company raised the midpoint of its full-year 2024 Adjusted FFO per share guidance to $0.95 to $1.00 and its Adjusted EBITDA guidance to $278 million to $290 million.
Total revenues $309.3 million vs $291.2 million a year earlier; net income $24.6 million vs $39.1 million
Severance costs of $20.4 million in the quarter; corporate expenses $28.5 million vs $8.3 million
Adjusted FFO per diluted share $0.34 vs $0.32; full-year 2024 Adjusted FFO per share guidance midpoint raised by $0.02
Full-year 2024 Adjusted EBITDA guidance now $278 million to $290 million, up $4.0 million at the midpoint
Matson reported second-quarter 2024 net income of $113.2 million, or $3.31 per diluted share, up from $80.8 million, or $2.26 per share, a year earlier. The company said it is raising its full-year 2024 consolidated operating income outlook, and it expects third-quarter and fourth-quarter 2024 consolidated operating income to be higher than the same quarters of 2023.
Q2 2024 consolidated revenue was $847.4 million, up from $773.4 million in Q2 2023, and consolidated operating income was $124.6 million, up from $96.7 million.
Ocean Transportation operating income rose $26.6 million, or 32.3 percent, mainly on significantly higher freight rates in China.
Matson expects Q3 2024 consolidated operating income to be meaningfully higher than $132.1 million and Q4 2024 to be moderately higher than $75.3 million.
Matson repurchased about 0.6 million shares for $72.2 million in Q2 2024 and declared a $0.34 per share dividend payable September 5, 2024.
Twilio reported second-quarter 2024 revenue of $1.08 billion, up 4% year-over-year, and its GAAP loss from operations narrowed to $19.0 million from $141.8 million a year earlier. The company raised its full-year 2024 non-GAAP income from operations guidance to $650 million-$675 million, up from $585 million-$635 million, which benefits shareholders through a higher earnings outlook.
Q2 2024 revenue of $1.08 billion, up 4% year-over-year; organic revenue growth of 7%
GAAP loss from operations of $19.0 million vs. $141.8 million in Q2 2023
Non-GAAP net income per diluted share of $0.87 vs. $0.54 in Q2 2023
Full-year 2024 non-GAAP income from operations guidance raised to $650 million-$675 million; Q3 2024 revenue guidance $1,085 million-$1,095 million
SPX Technologies reported second quarter 2024 revenue of $501.3 million, up 18.4% from a year earlier, and net income of $44.2 million, up 22.8%. The company raised its full-year 2024 adjusted EPS guidance to $5.45-$5.60 from $5.15-$5.40, which matters to shareholders because it reflects higher expected earnings for the year.
Q2 2024 revenue was $501.3 million, compared with $423.3 million in Q2 2023.
Q2 2024 GAAP diluted EPS from continuing operations was $0.96, compared with $0.82; it included an $8.4 million charge for a settlement with the seller of ULC Robotics.
Adjusted EPS was $1.42, compared with $1.06 in Q2 2023.
Full-year 2024 adjusted EPS guidance is $5.45-$5.60, up from $5.15-$5.40; adjusted EBITDA guidance is $410-$430 million, up from $390-$420 million.
Universal Display reported second quarter 2024 revenue of $158.5 million, up from $146.6 million a year earlier, and net income of $52.3 million, or $1.10 per diluted share, versus $1.04 a year earlier. The company raised the lower end of its 2024 revenue guidance to a range of $645 million to $675 million, while operating income and gross margin both declined year over year.
Q2 2024 total revenue was $158.5 million, compared with $146.6 million in Q2 2023.
Q2 2024 net income was $52.3 million, or $1.10 per diluted share, compared with $49.7 million, or $1.04 per diluted share.
Operating income fell to $56.4 million from $58.6 million, and total gross margin was 76% versus 78%.
2024 revenue guidance is now $645 million to $675 million; the company also declared a third quarter dividend of $0.40 per share, payable September 30, 2024.
Tandem Diabetes Care reported second-quarter 2024 GAAP sales up 13% to $221.9 million and a narrower GAAP net loss of $30.8 million, compared with $35.8 million a year earlier. The company also raised its full-year 2024 non-GAAP sales estimate to approximately $885 million to $892 million, which it attributes to recent product launches and customer retention. The company still reported a loss, and its Tandem Choice program adds accounting complexity to GAAP comparisons.
Q2 2024 GAAP sales were $221.9 million, up 13% from $195.9 million in Q2 2023; non-GAAP sales were $221.8 million, up 12%.
GAAP net loss was $30.8 million, or $0.47 per share, versus $35.8 million, or $0.55 per share, in Q2 2023.
Full-year 2024 non-GAAP sales are now estimated at approximately $885 million to $892 million, with third-quarter sales of $222 million to $225 million.
Non-GAAP gross margin is estimated at approximately 51% for the full year, and Adjusted EBITDA margin at breakeven.
Paylocity reported fiscal 2024 results for the year ended June 30, 2024, with total revenue of $1,402.5 million, up 19%, and GAAP net income of $206.8 million, up 47%. It also issued fiscal 2025 total revenue guidance of $1.512 billion to $1.527 billion, about 8.3% growth, and announced that co-CEO Steven Beauchamp will become Executive Chairman on August 5, 2024, leaving Toby Williams as sole CEO.
Q4 fiscal 2024 total revenue was $357.3 million, up 16% year over year, with GAAP net income of $48.8 million, or $0.86 per diluted share, versus $0.66 a year earlier.
Fiscal 2024 GAAP diluted EPS was $3.63, up from $2.49 in fiscal 2023.
Fiscal 2025 total revenue is guided to $1.512 billion to $1.527 billion, about 8.3% growth over fiscal 2024.
Beauchamp's base salary will be $322,903 as Executive Chairman, a 40% decrease, effective August 5, 2024; Steve Sarowitz steps down as Chairman but remains a director.
Dorman Products reported second-quarter 2024 net sales of $503.0 million, up 4.7%, and diluted EPS of $1.53, up 47% from a year earlier. The company raised its full-year 2024 diluted EPS guidance to $5.32 to $5.52, from $4.71 to $5.01, which gives shareholders a higher profit outlook. Heavy Duty and Specialty Vehicle sales declined in the quarter.
Net sales were $503.0 million, up 4.7% from $480.6 million; Light Duty rose 9%, while Heavy Duty fell 11% and Specialty Vehicle fell 2%.
Diluted EPS was $1.53 versus $1.04; adjusted diluted EPS was $1.67 versus $1.01.
2024 diluted EPS guidance was raised to $5.32 to $5.52 from $4.71 to $5.01; adjusted diluted EPS guidance is $6.00 to $6.20.
The company repurchased $25 million of its shares and will hold a conference call on August 2, 2024 at 8:00 a.m. Eastern.
Tanger reported second-quarter 2024 results and raised its full-year 2024 Core FFO guidance to $2.05 to $2.12 per share from $2.03 to $2.11. Core FFO and FFO per share both rose to $0.53 from $0.47, while diluted net income per share slipped to $0.22 from $0.23. The higher guidance and rising funds from operations point to improved operating results for shareholders.
Q2 2024 total revenues were $129.0 million, compared with $110.6 million in Q2 2023.
Q2 2024 diluted net income per share was $0.22, versus $0.23 a year earlier; FFO and Core FFO were $0.53 per share, versus $0.47.
Full-year 2024 Core FFO guidance rose to $2.05 to $2.12 per share from $2.03 to $2.11.
Board authorized a quarterly cash dividend of $0.275 per share, payable August 15, 2024.
Corsair Gaming reported second-quarter 2024 net revenue of $261.3 million, down 19.7% from $325.4 million a year earlier, and a net loss of $29.6 million, or $0.28 per diluted share, compared with net income of $0.01 per diluted share in the prior-year quarter. The company also set a full-year 2024 outlook of $1.25 billion to $1.35 billion in net revenue and $60 million to $75 million in adjusted EBITDA, which shareholders will weigh against the weaker quarter.
Q2 2024 net revenue was $261.3 million, down 19.7% year over year; Gaming Components and Systems fell to $167.1 million from $246.7 million, while Gamer and Creator Peripherals rose to $94.2 million from $78.8 million.
Q2 2024 adjusted EBITDA was a loss of $1.2 million, compared with adjusted EBITDA of $17.8 million in Q2 2023.
Full-year 2024 outlook: net revenue of $1.25 billion to $1.35 billion, adjusted operating income of $48 million to $63 million, and adjusted EBITDA of $60 million to $75 million.
In July 2024 the company reduced approximately 100 employees as part of cost savings.
Alignment Healthcare reported second-quarter 2024 revenue of $681.3 million, up 47.3% from a year earlier, and a net loss of $24.0 million, narrowed from $28.5 million. The company raised its year-end membership and revenue guidance and kept its full-year adjusted gross profit and adjusted EBITDA guidance unchanged, which shows the larger revenue base is also producing a smaller loss.
Total revenue was $681.3 million, up 47.3% year over year, and health plan membership was about 175,100, up 56.1%.
Adjusted EBITDA was $6.0 million, compared with a loss of $2.1 million a year earlier; net loss was $24.0 million versus $28.5 million.
Full-year 2024 revenue guidance was raised to $2.61 billion to $2.64 billion, and year-end membership guidance was raised to 178,000 to 180,000.
Full-year adjusted gross profit ($280 million to $310 million) and adjusted EBITDA (–$12 million to $12 million) guidance was maintained.
AMETEK reported second quarter 2024 sales of $1.73 billion, up 5%, and operating income of $447.5 million, up 7%. The company also adjusted its 2024 sales and earnings guidance, citing ongoing inventory normalization at OEM customers and more cautious customers delaying project spending, and expects third quarter adjusted earnings per share to fall 1% to 2%.
Q2 2024 GAAP diluted EPS was $1.45 versus $1.40 a year earlier; adjusted EPS was $1.66, up 6%
Full-year 2024 sales are now expected to be up 5% to 7% versus 2023, with adjusted EPS of $6.70 to $6.80
Third quarter 2024 adjusted EPS is expected at $1.60 to $1.62, down 1% to 2% from the third quarter of 2023
Electromechanical Group sales rose 14% to a record $581.2 million, while its operating margin was 21.2%
Standard Motor Products reported second-quarter 2024 net sales of $389.8 million, up from $353.1 million a year earlier, and said full-year 2024 sales growth is now expected in the low- to mid-single digits, up from prior projections. GAAP diluted earnings from continuing operations were $0.81 per share versus $0.83 a year earlier, while adjusted diluted EPS rose to $0.98 from $0.84. Shareholders also get a 29-cent quarterly dividend, and the company is pursuing the $388 million Nissens acquisition, which is pending regulatory approval.
Q2 2024 net sales $389.8 million vs. $353.1 million in Q2 2023; Temperature Control sales up 28.2%
GAAP diluted EPS from continuing operations $0.81 vs. $0.83; non-GAAP diluted EPS $0.98 vs. $0.84
Full-year 2024 sales growth now expected in low- to mid-single digits, up from prior projections; Adjusted EBITDA margin range of 9.0-9.5% unchanged
Quarterly dividend of 29 cents per share payable September 3, 2024; pending Nissens acquisition for approximately $388 million (€360 million)
Trinity Industries reported second-quarter 2024 revenue of $841.4 million, up from $722.4 million a year earlier, and GAAP diluted earnings from continuing operations of $0.67 per share, compared with $0.23. The company raised its full-year 2024 EPS guidance to $1.55 to $1.75, which it says reflects its operating results to date and expected margins for the rest of the year.
Revenue was $841.4 million for the quarter ended June 30, 2024, versus $722.4 million a year earlier.
Diluted EPS from continuing operations was $0.67 (GAAP) and $0.66 (adjusted), versus $0.23 in the prior-year quarter.
Full-year 2024 EPS guidance was raised to a range of $1.55 to $1.75.
Net cash from continuing operations for the six months was $299.7 million, versus $140.3 million a year earlier.
ACI Worldwide reported second-quarter 2024 revenue of $373 million, up 16% from a year earlier, and net income of $31 million, compared with a net loss of $7 million in Q2 2023. The company raised its full-year 2024 revenue and adjusted EBITDA guidance and authorized a $400 million share repurchase program, which matters to shareholders because it reflects higher profitability and a larger capital return plan.
Q2 2024 revenue was $373 million, up 16%; net income was $31 million versus a net loss of $7 million in Q2 2023.
Adjusted EBITDA was $93 million, up 62%; operating cash flow was $55 million, up 215%.
Full-year 2024 revenue guidance raised to $1.557 billion to $1.591 billion, from $1.547 billion to $1.581 billion; adjusted EBITDA guidance raised to $423 million to $438 million, from $418 million to $433 million.
The board authorized a $400 million share repurchase; the company bought 1.7 million shares for about $57 million in Q2 and had about $380 million remaining at quarter end.
Schneider National reported second quarter 2024 operating revenues of $1,316.7 million, down 2% from $1,346.5 million a year earlier, while income from operations fell 51% to $51.0 million and diluted EPS dropped to $0.20 from $0.43. The company also lowered its full-year 2024 adjusted diluted EPS guidance to $0.80-$0.90 from $0.85-$1.00, citing slower-than-expected pricing gains, which signals weaker profit expectations for shareholders.
Q2 2024 income from operations was $51.0 million versus $103.8 million in Q2 2023; diluted EPS was $0.20 versus $0.43.
Full-year 2024 adjusted diluted EPS guidance was cut to $0.80-$0.90 from $0.85-$1.00.
Net capital expenditures guidance was lowered to $300.0-$350.0 million from $350.0-$400.0 million.
Q2 2024 free cash flow was $112.9 million, compared with negative $57.1 million in Q2 2023.
InterDigital reported second-quarter 2024 revenue of $223.5 million, up 120% from $101.6 million a year earlier, and GAAP diluted EPS of $3.93 versus $0.79. The company raised its full-year 2024 revenue guidance to $690 million to $740 million from $620 million to $670 million, though second-quarter revenue included $127.6 million of catch-up revenue while recurring revenue fell 3%.
Q2 2024 net income attributable to InterDigital was $109.7 million; diluted EPS was $3.93 versus $0.79, and non-GAAP EPS was $4.57 versus $1.30
Full-year 2024 revenue guidance raised to $690 million to $740 million from $620 million to $670 million; non-GAAP EPS guidance raised to $9.70 to $10.95 from $7.45 to $8.76
Q2 recurring revenue was $95.9 million, down 3%, while catch-up revenue was $127.6 million
Third-quarter 2024 revenue outlook is $94 million to $98 million, based on existing licenses only
Trupanion said Darryl Rawlings' resignation as chief executive became effective August 1, 2024, and Margi Tooth, the company's president, became CEO, as part of a previously disclosed succession plan. The board also appointed Ms. Tooth as a director, and her compensation was set in connection with the role change.
Margi Tooth became CEO effective August 1, 2024; she was appointed a director on July 30, 2024, effective the same date.
Her base salary rises from $400,000 to $550,000, effective August 1, 2024.
She receives RSUs valued at $1,500,000 (divided by share price per the filing's formula), vesting over four years with 25% after one year.
Ms. Tooth is not independent under NASDAQ rules and will not serve on Board committees.
SPS Commerce acquired SupplyPike, a provider of automated invoice deduction management software, in a deal the 8-K puts at approximately $206 million in cash and shares. The company issued 404,587 common shares to SupplyPike's investors and agreed to lock-up terms that restrict their sales. The company expects the deal to add revenue but to reduce Adjusted EBITDA in fiscal 2024, with breakeven expected in fiscal 2025.
Total consideration of approximately $206 million, including about $119 million in cash and $87 million in SPS Commerce stock per the press release
404,587 shares of common stock issued to SupplyPike investors; 50% locked up 30 days after closing and 50% locked up 90 days after closing
Company expects about $3.0 million of added revenue in Q3 2024 and about $8.0 million for fiscal 2024, with Adjusted EBITDA reduced by about $750,000 in Q3 and $1.5 million for fiscal 2024
Company expects about $25.0 million of added revenue in fiscal 2025 and Adjusted EBITDA breakeven; more detail, including amortization, is due with Q3 results in October 2024
Grainger reported second-quarter 2024 net sales of $4.3 billion, up 3.1%, and reported diluted EPS of $9.51, up 2.5%. The company narrowed its 2024 outlook, lowering the top of its net sales range to $17.0 to $17.3 billion from $17.2 to $17.7 billion and the top of its adjusted diluted EPS range to $39.50 from $40.50.
Q2 2024 reported operating margin was 15.1%, down 70 basis points; adjusted diluted EPS was $9.76, up 5.2%.
Updated 2024 adjusted diluted EPS guidance is $38.00 to $39.50, versus the prior $38.00 to $40.50.
Updated 2024 net sales guidance is $17.0 to $17.3 billion, versus the prior $17.2 to $17.7 billion.
Q2 operating cash flow was $411 million; the company returned $345 million to shareholders through dividends and share repurchases.
Insperity reported second-quarter 2024 revenue up 1% to $1.6 billion and net income of $18 million, up from $12 million a year earlier, and issued updated 2024 guidance. The outlook calls for full-year adjusted EPS of $3.33 to $3.88 (down 30% to 40% year over year) and Q3 adjusted EPS of $0.21 to $0.45 (down 69% to 86%), so quarterly gains are offset by a much weaker expected earnings trend for the rest of the year.
Q2 2024 gross profit rose 16% to $260 million; net income was $18 million versus $12 million, and diluted EPS was $0.48 versus $0.33
Average paid worksite employees fell 1% to 306,958 in Q2 2024, with client retention at 99%
Full-year 2024 guidance: adjusted EPS of $3.33 to $3.88 and adjusted EBITDA of $261 million to $290 million
Year-to-date net income fell 9% to $97 million; the company cited a $19 million Workday partnership cost in operating expenses
Vericel reported second-quarter 2024 total revenue of $52.7 million, up 15% from $45.9 million a year earlier, and a net loss of $4.7 million, or $0.10 per share, versus $5.0 million, or $0.11 per share, in the prior-year quarter. The company reaffirmed its 2024 total net revenue guidance of $238 million to $242 million and raised its full-year gross margin guidance to 71% and adjusted EBITDA margin guidance to 21%.
Q2 2024 total net revenue was $52.7 million, up 15%; MACI net revenue rose 21% to $44.1 million
Net loss narrowed to $4.7 million, or $0.10 per diluted share, from $5.0 million, or $0.11, a year earlier
Non-GAAP adjusted EBITDA rose 42% to $6.3 million, a 12% margin
2024 guidance: total net revenue reaffirmed at $238 million to $242 million; gross margin raised to 71% and adjusted EBITDA margin to 21% from 70% and 20%
IDACORP reported second quarter 2024 net income attributable to IDACORP of $89.5 million, or $1.71 per diluted share, up from $68.6 million, or $1.35 per diluted share, a year earlier. The company raised the low end of its full-year 2024 earnings guidance to $5.30 to $5.45 per diluted share from $5.25 to $5.45, citing higher customer usage, customer growth and rate changes, partly offset by higher depreciation.
Q2 2024 net income $89.5 million ($1.71 per diluted share) vs. $68.6 million ($1.35) in Q2 2023
Six-month 2024 earnings $2.67 per diluted share vs. $2.46 in the first half of 2023
2024 earnings guidance now $5.30 to $5.45 per diluted share vs. previous $5.25 to $5.45, as of August 1, 2024
Idaho Power expects to use $35 million to $50 million of additional tax credits in 2024, with the range previously $35 million to $60 million
Quanex Building Products closed its acquisition of Tyman plc on August 1, 2024. Tyman shareholders receive new Quanex shares and cash, with about 14,139,477 new shares and about $504 million in cash due at closing, which will dilute existing Quanex holders. The filing does not report financial results for the combined company, and pro forma financial information is to follow in a later amendment.
Acquisition closed August 1, 2024; Tyman trading on the London Stock Exchange was suspended that day, and new Quanex shares are scheduled to begin trading on the NYSE on August 2, 2024
Closing consideration: 14,139,477 new Quanex shares and about $504,143,082.86 in cash
Tyman shareholders also receive a 15 pence special interim dividend per share, payable by the 14th day after the scheme became effective
Shareholders approved issuing up to 15,487,381 new Quanex shares at a special meeting on July 12, 2024; pro forma financial information will be filed by amendment
Cummins reported record second-quarter revenue of $8.8 billion, up 2% from a year earlier, and diluted EPS of $5.26, up from $5.05. The company raised its full-year 2024 revenue and EBITDA margin guidance and increased its quarterly dividend to $1.82 per share from $1.68, but still expects slowing demand in the North America heavy-duty truck market in the second half.
Q2 net income attributable to Cummins was $726 million, versus $720 million a year earlier; diluted EPS was $5.26 versus $5.05.
Full-year 2024 revenue is now expected to be down 3% to flat; EBITDA is expected at 15.0% to 15.5% of sales, up from a prior range of 14.5% to 15.5%.
Quarterly common stock dividend raised from $1.68 to $1.82 per share, the 15th consecutive year of increases.
Power Systems segment EBITDA rose to $301 million from $201 million, or 18.9% of sales versus 13.8%.
HII reported record second quarter 2024 revenue of $3.0 billion, up 6.8% from a year earlier, with net earnings of $173 million, or $4.38 per diluted share, compared with $3.27 in the second quarter of 2023. The company raised its Mission Technologies revenue guidance range and reaffirmed its shipbuilding guidance, but free cash flow was negative $99 million in the quarter.
Revenue of $3.0 billion, up 6.8%; operating income of $189 million, up 21.2%
Net earnings of $173 million, up 33.1%; diluted EPS of $4.38 versus $3.27
Free cash flow was negative $99 million, compared with positive $14 million in the second quarter of 2023
Raised Mission Technologies revenue guidance range and reaffirmed FY24 shipbuilding guidance
Crocs reported second-quarter 2024 revenues of $1,112 million, up 3.6% from a year earlier, and GAAP diluted earnings per share of $3.77, up 11.2%. The company raised its full-year adjusted diluted EPS outlook to $12.45 to $12.90 from $12.25 to $12.73 and kept its 3% to 5% revenue growth guidance, although HEYDUDE revenue fell 17.5%.
Q2 revenues $1,112 million, up 3.6%; Crocs Brand up 9.7% to $914 million, HEYDUDE Brand down 17.5% to $198 million
GAAP diluted EPS $3.77 vs. $3.39 a year earlier; adjusted diluted EPS $4.01 vs. $3.59
Full-year 2024 adjusted diluted EPS outlook raised to $12.45 to $12.90 from $12.25 to $12.73; adjusted operating margin outlook raised to more than 25% from approximately 25%
Repurchased about 1.2 million shares for $175 million in the quarter; $700 million of repurchase authorization remained at June 30, 2024
Axalta reported second-quarter 2024 net sales up 4.4% year over year to $1.35 billion, net income up $52 million to $113 million, and diluted EPS of $0.51 versus $0.27 a year earlier. The company raised its full-year 2024 Adjusted EBITDA, Adjusted Diluted EPS and Free Cash Flow guidance, which matters to shareholders because it signals the company expects stronger earnings and cash flow for the year.
Q2 net sales of $1.35 billion, up 4.4%; Adjusted EBITDA of $291 million, a quarterly record, with a 21.5% margin
Diluted EPS of $0.51 versus $0.27; Adjusted Diluted EPS of $0.57, up 63%
Full-year 2024 Adjusted EBITDA projected at about $1,090 million to $1,100 million; Adjusted Diluted EPS about $2.05
Q2 operating cash flow of $114 million; $185 million revolver draw to fund the CoverFlexx acquisition; $50 million of shares repurchased
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.