590 material Form 8-K filings that 521 companies we cover made with the SEC in October 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).
Houlihan Lokey reported fiscal second-quarter 2025 revenues of $575 million, up from $467 million a year earlier, and GAAP diluted EPS of $1.37 versus $0.99. Adjusted diluted EPS was $1.46 compared with $1.11. The board also declared a $0.57 per share quarterly dividend, payable December 15, 2024, and CEO Scott Adelson said the outlook for the second half of fiscal 2025 is positive.
Revenues were $575 million versus $467 million; Corporate Finance rose 29%, Financial Restructuring 15% and Financial and Valuation Advisory 12%.
Net income was $94 million, or $1.37 per diluted share, versus $67 million, or $0.99, a year earlier.
Adjusted diluted EPS was $1.46 versus $1.11 for the same quarter last year.
Quarterly dividend of $0.57 per share is payable December 15, 2024 to holders of record on December 2, 2024.
Pilgrim's Pride reported third quarter 2024 results on October 30, 2024, with net sales of $4.6 billion, up 5.2% from a year earlier, and GAAP diluted EPS of $1.47 versus $0.51. Operating income rose to $508.4 million from $206.4 million, and the company reported no change to its outlook in this filing. Profit growth is the main point for shareholders, though the filing's figures are for one quarter and it does not include forward guidance.
Net sales were $4,585.0 million, up 5.2% from $4,360.2 million in the third quarter of 2023
GAAP net income was $350.0 million, and diluted EPS was $1.47 versus $0.51 a year earlier
Adjusted EBITDA was $660.4 million, a 14.4% margin, compared with $324.0 million and 7.4% a year earlier
Results include a $10.7 million pension plan termination loss and an $8.1 million hurricane-related inventory write-down; a conference call is set for October 31 at 7 a.m. MT
Ventas reported third-quarter 2024 normalized FFO of $0.80 per share, up from $0.75 a year earlier, and net income attributable to common stockholders of $0.05 per share versus a loss of $0.18 per share in the prior-year quarter. The company raised its full-year 2024 guidance, lifting the low end of its normalized FFO per share range to $3.14 from $3.12 and moving the midpoint to $3.16 from $3.15, which gives shareholders a higher expected earnings base for the year.
Q3 2024 normalized FFO per share of $0.80, up 7% from $0.75 in Q3 2023
Q3 2024 net income attributable to common stockholders of $0.05 per share, compared with a loss of $0.18 per share a year earlier
Full-year 2024 normalized FFO per share guidance range updated to $3.14-$3.18 from $3.12-$3.18 as of October 30, 2024
Year to date, the company closed about $1.4 billion of senior housing investments and placed $300 million more under contract
Kite Realty Group Trust reported third-quarter 2024 net income attributable to common shareholders of $16.7 million, or $0.08 per diluted share, up from $2.1 million, or $0.01, a year earlier. Its NAREIT FFO was $0.51 per diluted share, unchanged from the prior year, and the company raised the low end of its 2024 NAREIT FFO guidance to $2.06 to $2.08 per share. Nine-month results were a net loss of $17.8 million, mainly reflecting $66.2 million of impairment charges.
Q3 2024 net income attributable to common shareholders was $16.7 million, or $0.08 per diluted share, versus $2.1 million, or $0.01, in Q3 2023.
Nine-month 2024 net loss attributable to common shareholders was $17.8 million, or $0.08 per diluted share, versus net income of $39.5 million in the prior-year period; impairment charges were $66.2 million.
2024 NAREIT FFO guidance was updated to $2.06 to $2.08 per diluted share from $2.04 to $2.08; Same Property NOI guidance is 2.5% to 3.0%.
Board declared a fourth-quarter 2024 dividend of $0.27 per common share, an 8.0% increase year over year, payable on or about January 16, 2025.
The Hanover Insurance Group reported third-quarter 2024 net income of $102.1 million, or $2.80 per diluted share, compared with $8.6 million, or $0.24 per share, a year earlier. Operating income rose to $111.3 million, or $3.05 per share, from $6.8 million, and the combined ratio improved to 95.5% from 104.4%, which strengthens earnings for shareholders.
Net income of $102.1 million, or $2.80 per diluted share, versus $8.6 million, or $0.24, in the third quarter of 2023
Operating income of $111.3 million, or $3.05 per diluted share, versus $6.8 million, or $0.19
Combined ratio of 95.5% versus 104.4%; catastrophe losses were $105.9 million, or 7.2 points
Book value per share of $79.90, up 12.6% from June 30, 2024
Rush Street Interactive reported third-quarter 2024 revenue of $232.1 million, up 37% from a year earlier, and net income of $3.2 million compared with a net loss of $13.4 million in the same quarter of 2023. The company raised its full-year 2024 revenue and adjusted EBITDA guidance and authorized a share repurchase of up to $50 million, which may be used over time at management's discretion.
Q3 2024 revenue was $232.1 million, up 37% from $169.9 million in Q3 2023.
Q3 2024 net income was $3.2 million, versus a net loss of $13.4 million a year earlier.
2024 revenue guidance is $900 million to $920 million; adjusted EBITDA guidance is $82 million to $86 million, with the midpoint raised by $16 million.
On October 24, 2024, the Board authorized repurchases of up to $50 million of Class A common stock.
Cognex reported third-quarter 2024 revenue of $235 million, up 19% from a year earlier and up 7% excluding Moritex, but down 2% from the prior quarter. GAAP diluted EPS was $0.17, up from $0.11, and adjusted diluted EPS was $0.20, up from $0.17. For the fourth quarter, the company expects revenue of $210 million to $230 million, and its board declared a quarterly dividend of $0.08 per share.
Q3-24 revenue $235 million vs $197 million in Q3-23; sequentially down from $239 million in Q2-24
GAAP operating income $32 million, down from $38 million in Q2-24; adjusted EBITDA $41 million, 17.6% of revenue
Q4-24 revenue guidance of $210 million to $230 million; adjusted EBITDA margin expected between 14% and 17%
Quarterly dividend of $0.08 per share, payable November 29, 2024, to holders of record on November 14, 2024
C.H. Robinson reported third-quarter 2024 results for the quarter ended September 30, 2024, with total revenues up 7.0% to $4.6 billion and income from operations up 58.7% to $180.1 million. Diluted EPS rose 17.6% to $0.80 and adjusted EPS rose 45.5% to $1.28, though results include a $57.0 million loss on the planned divestiture of its Europe Surface Transportation business. Cash generated by operations fell $97.2 million to $108.1 million, which the company attributed to higher net operating working capital tied to higher ocean rates.
Total revenues rose 7.0% to $4.6 billion; gross profit rose 15.5% to $723.8 million
Income from operations rose 58.7% to $180.1 million; net income was $97.2 million, up 18.6%
Diluted EPS was $0.80 (up 17.6%); adjusted EPS was $1.28 (up 45.5%)
Cash from operations fell $97.2 million to $108.1 million; the company expects full-year 2024 effective tax rate of 18% to 20%
United States Lime & Minerals reported third quarter 2024 revenue of $89.4 million, up 19.4% from a year earlier, and net income of $33.4 million, or $1.16 per diluted share, up 60.9%. The company also declared a regular quarterly cash dividend of $0.05 per share, and the filing reports higher gross profit for both the quarter and the first nine months of 2024.
Third quarter 2024 revenue was $89.4 million, up $14.5 million, or 19.4%, from $74.9 million in the third quarter of 2023.
Third quarter 2024 net income was $33.4 million ($1.16 per diluted share), compared with $20.7 million ($0.73 per diluted share) a year earlier.
First nine months 2024 net income was $81.8 million ($2.85 per diluted share), compared with $57.5 million ($2.02 per diluted share) in the same period of 2023.
The Board declared a $0.05 per share quarterly dividend, payable December 13, 2024, to shareholders of record on November 22, 2024.
Omega Healthcare Investors reported third quarter 2024 results, with revenue of $276.0 million, up $34.0 million from a year earlier, and net income of $114.9 million, or $0.42 per diluted share, compared with $0.37 in the third quarter of 2023. The company raised its full-year 2024 Adjusted FFO guidance to $2.84 to $2.86 per diluted share from $2.78 to $2.84.
Q3 2024 net income $114.9 million, or $0.42 per diluted share, versus $93.9 million, or $0.37, in Q3 2023
Q3 2024 revenue $276.0 million, up $34.0 million year over year
Q3 2024 Adjusted FFO $203.1 million, or $0.74 per common share, versus $182.2 million, or $0.71, in Q3 2023
2024 Adjusted FFO guidance raised to $2.84 to $2.86 per diluted share from $2.78 to $2.84; quarterly dividend of $0.67 per share payable November 15, 2024
Employers Holdings reported third-quarter 2024 results, with diluted earnings per share of $1.21 versus $0.54 a year earlier and adjusted diluted EPS of $0.81 versus $0.68. Gross premiums written fell 8% to $181.2 million, while net premiums earned rose 1% to $186.6 million. The board also declared a regular quarterly dividend of $0.30 per share, payable November 27, 2024.
Diluted EPS $1.21 vs. $0.54; adjusted diluted EPS $0.81 vs. $0.68 in Q3 2023
Gross premiums written $181.2 million, down 8%; net premiums earned $186.6 million, up 1%
GAAP combined ratio 100.4% vs. 100.3%; combined ratio excluding LPT 101.2% vs. 101.3%
Quarterly dividend of $0.30 per share payable November 27, 2024 to holders of record as of November 13, 2024
Green Brick Partners reported record third-quarter 2024 results, with total revenues of $523.7 million, up 25.0%, and diluted EPS of $1.98, up 26.9% from a year earlier. Management said it expects record revenue for fiscal 2024, and the company also announced a quarterly dividend of $0.35938 per depositary share on its Series A Preferred Stock.
Total revenues of $523.7 million, up 25.0%; net income attributable to Green Brick of $89.1 million, up 23.5%.
Diluted EPS of $1.98 versus $1.56 a year earlier; nine-month diluted EPS of $6.12, up 34.5%.
Homebuilding gross margin of 32.7%, down from 33.3% a year earlier (down 60 basis points).
Preferred dividend of $0.35938 per depositary share; record date December 1, 2024, payment date December 13, 2024.
Allstate reported third-quarter 2024 net income applicable to common shareholders of $1.2 billion, or $4.33 per diluted share, compared with a net loss of $41 million a year earlier. Revenues rose 14.7% to $16.6 billion, and adjusted net income was $1.0 billion, or $3.91 per diluted share, as Property-Liability underwriting improved despite higher catastrophe losses.
Net income applicable to common shareholders was $1,161 million ($4.33 per diluted share) versus a net loss of $41 million ($0.16 per share) in Q3 2023.
Total revenues were $16.6 billion, up 14.7%; the Property-Liability recorded combined ratio improved to 96.4 from 103.4.
Catastrophe losses were $1.7 billion, up 44.2%, including Hurricanes Beryl, Debby, Francine and Helene.
Sale of the Employer Voluntary Benefits business to StanCorp Financial for $2 billion was finalized, with divestiture expected in the first half of 2025.
Four Corners Property Trust (FCPT) reported third quarter 2024 results. Total revenues rose to $66.8 million from $64.8 million, and net income attributable to common shareholders rose to $25.6 million from $24.2 million, though diluted earnings per share stayed at $0.27. Per-share FFO was flat at $0.41, while AFFO per share rose $0.01 to $0.43, and the company declared a $0.345 quarterly dividend.
Total revenues were $66.8 million for the quarter, up from $64.8 million a year earlier.
Net income attributable to common shareholders was $25.6 million, or $0.27 per diluted share, compared with $24.2 million, or $0.27 per diluted share.
AFFO per diluted share was $0.43, up $0.01 from the prior-year quarter; NAREIT FFO per diluted share was flat at $0.41.
FCPT acquired 21 properties for $70.7 million in the quarter and sold 8,186,571 shares through its at-the-market program from July 1 through October 30, 2024, for anticipated gross proceeds of $224.1 million.
New York Mortgage Trust (Nasdaq: NYMT) reported third-quarter 2024 net income attributable to common stockholders of $32.4 million, or $0.36 per share, compared with a loss of $94.8 million, or $1.04 per share, in the same quarter of 2023, and a loss of $26.0 million in the second quarter of 2024. Book value per common share fell to $9.83 from $11.26 a year earlier, and the common dividend was $0.20, down from $0.30. The filing names New York Mortgage Trust, not Adamas Trust as stated in the request.
Net income attributable to common stockholders was $32.4 million, or $0.36 per share, for the quarter ended September 30, 2024, versus a loss of $94.8 million, or $1.04 per share, a year earlier.
Net interest income rose to $20.2 million from $16.8 million in the third quarter of 2023.
Book value per common share was $9.83 at September 30, 2024, down from $11.26 a year earlier; the common dividend was $0.20 per share, down from $0.30.
Management will hold a conference call on Thursday, October 31, 2024, at 9:00 a.m. Eastern Time.
Penumbra reported third-quarter 2024 revenue of $301.0 million, up 11.1% from a year earlier, and GAAP net income of $29.5 million, versus $9.2 million in the same quarter of 2023. It reiterated full-year 2024 revenue guidance of $1,180.0 million to $1,200.0 million and raised the low end of its U.S. thrombectomy growth outlook to 24% to 25%, from 23% to 25%.
Q3 2024 GAAP diluted EPS was $0.75, versus $0.23 a year earlier; non-GAAP diluted EPS was $0.85, versus $0.67.
Q3 2024 included $5.0 million in one-time expenses tied to the wind down of the Immersive Healthcare business.
Nine-month 2024 GAAP net loss was $19.7 million, including a $76.9 million impairment charge, and the company kept its 2024 revenue guidance unchanged.
Hawkins reported fiscal 2025 second-quarter results for the quarter ended September 29, 2024, with sales up 4% to $247.0 million and net income of $24.1 million. Growth came from the Water Treatment segment, which rose 23% on acquisitions, while Industrial and Health and Nutrition sales declined. The company described the quarter as a record for revenue, gross profit, operating income, net income and diluted EPS.
Diluted EPS was $1.16, up $0.06, or 5%, from $1.10 a year earlier.
Water Treatment sales rose $23.6 million, or 23%, to $124.5 million; Industrial sales fell 9% to $89.9 million.
Operating income was $33.7 million; adjusted EBITDA, a non-GAAP measure, was $46.3 million, up 12%.
The company paid down $30 million on its line of credit in the quarter and reported a leverage ratio of 0.65x.
Coca-Cola Consolidated reported third-quarter 2024 net sales of $1.8 billion, up 3.1% from a year earlier, and net income of $115.6 million, up from $92.1 million. Diluted earnings per common share were $13.18, compared with $9.80, and operating margin rose to 12.9% from 12.6%, so headline profit measures improved for shareholders, though standard physical case volume fell 2.1%.
Q3 net sales rose 3.1% to $1,765.7 million; standard physical case volume fell 2.1% to 89.9 million cases
Q3 income from operations was $227.1 million, up 5.0%; gross margin improved 90 basis points to 39.5%
Q3 diluted net income per Common Stock share was $13.18, versus $9.80 in Q3 2023
First nine months net income was $454.2 million; full-year 2024 capital expenditures are expected to total about $350 million
Clorox reported first-quarter fiscal 2025 results for the period ended September 30, 2024, with net sales up 27% to $1.76 billion and diluted EPS of $0.80, compared with $0.17 a year earlier. The company raised its fiscal 2025 gross margin and adjusted EPS outlook while keeping its net sales outlook of flat to down 2%, and the results include a one-time after-tax charge of $118 million from the sale of its Better Health VMS business.
Net sales rose 27% to $1.76 billion, driven largely by higher volume as the company lapped the August 2023 cyberattack; organic sales rose 31%.
Diluted EPS was $0.80 versus $0.17 a year earlier, including a 94 cent charge from the Better Health VMS sale; adjusted EPS was $1.86 versus $0.49.
Fiscal 2025 adjusted EPS outlook was raised to $6.65 to $6.90 from $6.55 to $6.80, and gross margin is now expected to rise about 100 to 150 basis points.
Year-to-date net cash provided by operations was $221 million, compared with $20 million a year earlier.
Twilio reported third-quarter 2024 revenue of $1.134 billion, up 10% year-over-year, and GAAP loss from operations narrowed to $5 million from $109 million a year earlier. The company raised its full-year 2024 non-GAAP income from operations guidance to $700 million-$710 million, up from $650 million-$675 million, which signals improved expected profitability for shareholders.
Q3 2024 revenue of $1.134 billion, up 10% year-over-year; GAAP net loss per share of $0.06 versus $0.78 a year earlier
Non-GAAP income from operations of $182.4 million, compared with $136.4 million in Q3 2023
Full-year 2024 non-GAAP income from operations guidance raised to $700 million-$710 million; organic revenue growth guidance raised to 7.5%-8%
Q4 2024 revenue guidance of $1.150 billion-$1.160 billion; company has completed over $2.7 billion of share repurchases in aggregate
SPX Technologies reported third-quarter 2024 revenue of $483.7 million, up from $448.7 million a year earlier, and diluted EPS from continuing operations of $1.08, up from $0.76. Adjusted EPS was $1.39, compared with $1.06. The company kept its full-year adjusted EBITDA and adjusted EPS guidance but narrowed its full-year revenue range to $1.97-$2.00 billion from $1.97-$2.02 billion.
Q3 2024 revenue $483.7 million vs. $448.7 million in Q3 2023; HVAC revenue rose 15.9% while Detection & Measurement fell 7.0%
Diluted EPS from continuing operations $1.08 vs. $0.76; adjusted EPS $1.39 vs. $1.06 (non-GAAP)
Full-year 2024 adjusted EBITDA guidance held at $410-$430 million; adjusted EPS guidance held at $5.45-$5.60
Full-year revenue guidance narrowed to $1.97-$2.00 billion, from $1.97-$2.02 billion; Form 10-Q due on or before November 7, 2024
Carvana reported third-quarter 2024 results, with revenue up 32% to $3.655 billion and retail units sold up 34% to 108,651. Net income was $148 million, a 4.0% margin, down from a year earlier because Q3 2023 included a roughly $878 million one-time debt extinguishment gain, while operating income rose to $337 million. The company expects Q4 2024 adjusted EBITDA significantly above the high end of its previously communicated $1.0 to $1.2 billion full-year range, if the environment remains stable.
Q3 2024 revenue was $3.655 billion, up 32% year over year, and retail units sold were 108,651, up 34%.
Adjusted EBITDA was $429 million, an 11.7% margin, and GAAP operating income was $337 million, up $289 million.
Net income was $148 million, down from a 26.7% margin in Q3 2023, which included an approximately $878 million debt extinguishment gain.
Outlook: Q4 2024 adjusted EBITDA expected significantly above the high end of the $1.0 to $1.2 billion full-year 2024 range.
GoDaddy reported third-quarter 2024 revenue of $1.15 billion, up 7% year over year, with net income of $190.5 million, up 45%. The company raised its full-year 2024 revenue, NEBITDA margin and free cash flow targets, which gives shareholders a higher outlook for the year.
Q3 net income was $190.5 million, up 45% year over year, and diluted EPS was $1.32 versus $0.89 a year earlier.
Q3 NEBITDA was $366.5 million, up 24%, at a 31.9% margin.
Full-year 2024 revenue expectation was raised to $4.545 billion to $4.565 billion.
Year-to-date through October 28, 2024, GoDaddy repurchased 5.2 million shares for $668.1 million.
Matson reported third quarter 2024 net income of $199.1 million, or $5.89 per diluted share, up from $119.9 million, or $3.40 per share, a year earlier. Revenue rose to $962.0 million from $827.5 million, driven mainly by significantly higher China freight rates, and the company raised its full-year 2024 consolidated operating income outlook. For shareholders, the filing shows a sharp year-over-year profit increase and a higher outlook, though the company said freight rates are expected to moderate with normal seasonality.
Q3 2024 operating income was $242.3 million versus $132.1 million in Q3 2023, and EBITDA was $289.4 million versus $175.1 million.
Management expects Q4 2024 consolidated operating income to be meaningfully higher than the $75.3 million achieved in Q4 2023.
The company repurchased approximately 0.4 million shares for $48.1 million in Q3 2024 and declared a $0.34 per share dividend payable December 5, 2024.
PriceSmart reported fourth-quarter fiscal 2024 revenue up 9.6% to $1.23 billion and net income up 89.0% to $29.1 million, or $0.94 per diluted share, compared with $0.49 a year earlier, when results included a $9.2 million minimum tax settlement and a $5.7 million asset impairment charge. For full fiscal 2024, net income rose 27.2% to $138.9 million, or $4.57 per diluted share. The company also plans a seventh warehouse club in Guatemala, which would bring its total to 56 clubs once open in summer 2025.
Q4 fiscal 2024 total revenues rose 9.6% to $1.23 billion; net merchandise sales rose 9.5% to $1.19 billion
Q4 fiscal 2024 diluted EPS was $0.94, versus $0.49 in the prior-year quarter
Fiscal 2024 total revenues rose 11.4% to $4.91 billion; operating income was $220.9 million
Guatemala club in Quetzaltenango expected to open in summer 2025; conference call on October 31, 2024 at 12:00 p.m. Eastern
Corcept reported third-quarter 2024 revenue of $182.5 million, up 48% from a year earlier, and net income of $47.2 million. The company raised its full-year 2024 revenue guidance to $675 million-$700 million, from $640 million-$670 million, and said Phase 3 GRADIENT trial results support its planned new drug application for relacorilant in Cushing's syndrome.
Q3 2024 revenue $182.5 million vs. $123.6 million in Q3 2023
Diluted net income per share $0.41 vs. $0.28 a year earlier
2024 revenue guidance raised to $675 million-$700 million from $640 million-$670 million
Relacorilant NDA submission for Cushing's syndrome expected this quarter; cash and investments $547.6 million at September 30, 2024
Nextracker reported fiscal second-quarter 2025 results for the period ended September 27, 2024, with revenue of $636 million, up from $573 million a year earlier. It reaffirmed its FY25 revenue outlook of $2.8 to $2.9 billion and raised its FY25 profit outlook, which signals higher expected earnings for the year for shareholders.
Q2 FY25 revenue was $636 million versus $573 million in Q2 FY24; Q1 FY25 revenue was $720 million.
GAAP net income was $117 million, and GAAP diluted EPS was $0.79, compared with $0.55 a year earlier.
FY25 adjusted EBITDA outlook raised to $625 to $665 million from $600 to $650 million; adjusted diluted EPS outlook raised to $3.10 to $3.30 from $2.89 to $3.09.
Q2 results include about $51 million of IRA 45X tax credit vendor rebates, which were not in the prior-year quarter.
Paylocity reported fiscal first-quarter 2025 results for the three months ended September 30, 2024, with total revenue up 14% and GAAP net income up to $49.6 million, or $0.88 per diluted share, from $34.5 million, or $0.61, a year earlier. The company also issued fiscal 2025 guidance, expecting total revenue of $1.535 billion to $1.550 billion, and said it completed its Airbase acquisition on October 1, 2024, funded in part by $325.0 million borrowed under its credit facility.
Total revenue was $363.0 million, up 14% from the prior-year quarter; recurring and other revenue was $333.1 million, also up 14%.
GAAP operating income rose to $64.1 million from $41.2 million; non-GAAP operating income was $104.9 million.
Fiscal 2025 guidance: total revenue of $1.535 billion to $1.550 billion, about 10% growth; Adjusted EBITDA of $530.0 million to $540.0 million.
Long-term debt was $325.0 million at quarter end, borrowed to fund the Airbase acquisition.
Ryan Specialty reported third quarter 2024 results, with total revenue up 20.5% year-over-year to $604.7 million and net income of $28.6 million, or $0.09 per diluted share, compared with a net loss attributable to the company in the prior-year period. The company kept its full-year 2024 outlook for organic revenue growth and Adjusted EBITDAC margin, and its board declared a regular quarterly dividend of $0.11 per share.
Total revenue grew 20.5% to $604.7 million; organic revenue growth slowed to 11.8% from 15.0% a year earlier
Net income rose 82.4% to $28.6 million; Adjusted diluted EPS rose 28.1% to $0.41
Full-year 2024 guidance maintained: organic revenue growth of 13.0% to 14.0% and Adjusted EBITDAC margin of 32.0% to 32.5%
Quarterly dividend of $0.11 per share payable November 26, 2024, to holders of record as of November 12, 2024
DoorDash reported third-quarter 2024 results for the quarter ended September 30, 2024, with revenue up 25% year-over-year to $2.7 billion and GAAP net income attributable to common stockholders of $162 million, compared with a $73 million loss a year earlier. The company said this was its first quarter of positive GAAP net income as a public company. It also gave fourth-quarter 2024 guidance of $20.6 billion to $21.0 billion in Marketplace GOV and $525 million to $575 million in Adjusted EBITDA.
Q3 2024 revenue rose 25% year-over-year to $2.7 billion; Total Orders rose 18% to 643 million.
GAAP net income attributable to DoorDash common stockholders was $162 million, versus a $(73) million loss in Q3 2023.
Adjusted EBITDA reached $533 million, up 55% from $344 million a year earlier.
Q4 2024 outlook: Marketplace GOV of $20.6 billion to $21.0 billion and Adjusted EBITDA of $525 million to $575 million; the company repurchased $224 million of stock through October 29, 2024, with about $876 million left under its authoriza
PC Connection reported third-quarter 2024 results for the quarter ended September 30, 2024, with net sales of $724.7 million, up 4.6%, and net income of $27.1 million, up 5.7%, or $1.02 per diluted share versus $0.97 a year earlier. Gross margin narrowed to 18.7% from 19.0%, and adjusted diluted EPS was flat at $0.97, while the Board declared a $0.10 quarterly dividend.
Net sales were $724.7 million, up 4.6% from $693.1 million; gross margin was 18.7% versus 19.0% a year earlier.
Diluted EPS was $1.02 versus $0.97; adjusted diluted EPS was $0.97, flat year over year, and GAAP other income included $1.7 million from a legal settlement.
Quarterly dividend of $0.10 per share, payable November 29, 2024, to shareholders of record on November 12, 2024.
For the nine months, net sales fell 2.8% to $2.09 billion, while net income rose 11.6% to $66.4 million.
Roku reported third-quarter 2024 total net revenue of $1.062 billion, up 16% year over year, and a net loss of $9.0 million, or $0.06 per share, compared with a net loss of $330.1 million, or $2.33 per share, a year earlier. The company estimated fourth-quarter total net revenue of $1.140 billion, up 16% year over year, and said it will stop reporting Streaming Households and ARPU starting with Q1 2025 results.
Platform revenue was $908 million, up 15% year over year; Devices revenue was $154 million, up 23%.
Adjusted EBITDA was $98.2 million in Q3 2024, compared with $43.4 million in Q3 2023.
Q4 2024 outlook: total net revenue of $1.140 billion, total gross profit of $465 million, Adjusted EBITDA of $30 million, and a net loss of $65 million.
Beginning with Q1 2025 results, Roku will no longer report quarterly Streaming Households and ARPU.
Cognizant reported third-quarter 2024 revenue of $5.04 billion, up 3.0% from a year earlier, with GAAP diluted EPS of $1.17 compared with $1.04. The company narrowed its full-year 2024 revenue growth guidance to 1.4% to 1.9% in constant currency, with the midpoint unchanged, and kept its full-year Adjusted Diluted EPS guidance at $4.63 to $4.67.
Q3 2024 revenue $5.04 billion vs $4.90 billion a year earlier; Adjusted Diluted EPS $1.25 vs $1.16
Adjusted Operating Margin 15.3%, down 20 basis points year-over-year; GAAP operating margin 14.6%, up 60 basis points
Trailing 12-month bookings declined 2% to $26.2 billion; Q3 bookings were flat year-over-year
Acquisition of Belcan completed in the third quarter for approximately $1.3 billion in cash and stock
Sprouts Farmers Market reported third-quarter 2024 results on October 30, 2024, with net sales of $1.9 billion, up 14% from a year earlier, comparable store sales growth of 8.4%, and diluted earnings per share of $0.91 versus $0.64 in the same period of 2023. The company also gave full-year 2024 adjusted diluted EPS guidance of $3.64 to $3.68 and fourth-quarter comparable store sales growth of 8.0% to 10.0%.
Net sales of $1.9 billion for the 13 weeks ended September 29, 2024, up 14%; comparable store sales up 8.4%
Diluted EPS of $0.91 vs. $0.64 in Q3 2023 (adjusted $0.65); no special items in Q3 2024
Full-year 2024 outlook: adjusted diluted EPS $3.64 to $3.68 and adjusted EBIT $490 million to $495 million
Repurchased 264 thousand shares for $25 million in Q3; ended the quarter with $310 million in cash and zero drawn on its $700 million revolver
Trupanion reported third-quarter 2024 results for the period ended September 30, 2024, with total revenue up 15% from a year earlier and a net profit after a net loss in the same quarter of 2023. Subscription revenue grew 20%, and the company reported $13.4 million in free cash flow for the quarter. The filing furnishes the results press release as Exhibit 99.1 and does not include updated guidance.
Total revenue was $327.5 million, up 15% from the third quarter of 2023.
Net income was $1.4 million, or $0.03 per diluted share, compared with a net loss of $4.0 million, or $0.10 per share, a year earlier.
Adjusted EBITDA was $14.5 million, compared with $6.1 million in the third quarter of 2023.
Free cash flow was $13.4 million in the quarter, compared with $7.0 million a year earlier.
Monolithic Power Systems reported third-quarter 2024 revenue of $620.1 million, up 30.6% from $474.9 million a year earlier, and GAAP net income of $144.4 million, or $2.95 per diluted share, compared with $2.48 a year earlier. The company set fourth-quarter 2024 revenue guidance of $600.0 million to $620.0 million, and GAAP operating expenses rose to $179.4 million from $128.0 million.
Revenue was $620.1 million, up 22.2% from $507.4 million in the second quarter of 2024 and up 30.6% from $474.9 million a year earlier.
GAAP net income was $144.4 million, or $2.95 per diluted share, versus $121.2 million, or $2.48 per diluted share, a year earlier.
GAAP operating expenses were $179.4 million, compared with $128.0 million a year earlier.
Fourth-quarter 2024 revenue is projected to be in the range of $600.0 million to $620.0 million.
Kirby reported third-quarter 2024 net earnings attributable to Kirby of $90.0 million, or $1.55 per diluted share, up from $63.0 million, or $1.05 per share, a year earlier. Revenue rose 9% to $831.1 million, and marine transportation operating margin widened to 20.5% from 14.8%. The company guided to lower sequential fourth-quarter revenue in inland and coastal marine and in distribution and services, and to full-year operating cash flow of $600 million to $700 million.
Q3 2024 diluted EPS was $1.55 versus $1.05 in Q3 2023; net earnings attributable to Kirby were $90.0 million versus $63.0 million.
Consolidated revenue was $831.1 million versus $764.8 million; marine transportation revenue was $486.1 million and distribution and services revenue was $345.1 million.
Free cash flow was $130.1 million in the quarter, and Kirby repurchased 483,335 shares for $55.8 million.
For Q4 2024, inland revenue is expected to be flat to slightly down sequentially and coastal revenue down in the mid-single digits; full-year capital spending is expected at $325 million to $355 million.
Graham Holdings reported third-quarter 2024 revenue of $1.2 billion, up 9% from a year earlier, and net income attributable to common shareholders of $72.5 million ($16.42 per diluted share), compared with a loss of $23.0 million in the third quarter of 2023 that included impairment charges. The company also said it expects a one-time pre-tax pension settlement gain of approximately $700 million in the fourth quarter of 2024, after buying an annuity to transfer certain pension obligations.
Q3 2024 revenue was $1,207.2 million, up 9% from $1,111.5 million; education, television broadcasting, healthcare and automotive increased while manufacturing declined.
Q3 2024 operating income was $81.6 million, compared with an operating loss of $57.1 million in Q3 2023, which included goodwill and long-lived asset impairment charges.
Adjusted net income (non-GAAP) was $76.1 million ($17.25 per share) for Q3 2024, versus $48.9 million ($10.45 per share) a year earlier.
In October 2024 the company bought a group annuity for $461.3 million to settle $457.9 million of pension obligations, with an estimated fourth-quarter pre-tax gain of approximately $700 million.
Clean Harbors reported third-quarter 2024 revenue up 12% to $1.53 billion, net income up 26% to $115.2 million, and diluted EPS of $2.12 versus $1.68 a year earlier. The company also revised its full-year 2024 Adjusted EBITDA and adjusted free cash flow guidance, now projecting Adjusted EBITDA of $1.10 billion to $1.12 billion, though the filing does not state the prior range.
Q3 revenue grew 12% to $1.53 billion; income from operations rose 25% to $192.3 million
Q3 net income was $115.2 million, or $2.12 per diluted share, versus $91.3 million, or $1.68, in Q3 2023
Full-year 2024 Adjusted EBITDA guidance is $1.10 billion to $1.12 billion; adjusted free cash flow guidance is $280 million to $320 million
Safety-Kleen Sustainability Solutions segment faced weaker base oil demand and pricing; its Adjusted EBITDA rose 32% to $41.2 million in Q3
Brinker International reported first-quarter fiscal 2025 total revenues of $1,139.0 million, up from $1,012.5 million a year earlier, and net income of $38.5 million, up from $7.2 million. The company raised its full-year fiscal 2025 total revenue guidance to $4.70 billion to $4.75 billion and its EPS guidance excluding special items to $5.20 to $5.50, which signals stronger expected results for shareholders.
Total revenues were $1,139.0 million versus $1,012.5 million; comparable restaurant sales rose 13.0%, with Chili's up 14.1%.
Diluted EPS was $0.84 versus $0.16; EPS excluding special items was $0.95 versus $0.28.
Fiscal 2025 total revenue guidance was raised to $4.70 billion to $4.75 billion.
Fiscal 2025 EPS guidance excluding special items was updated to $5.20 to $5.50; weighted average shares and capital expenditure guidance were reiterated.
Wingstop reported fiscal third-quarter 2024 results on October 30, 2024, with total revenue up 38.8% to $162.5 million and net income up 31.9% to $25.7 million, or $0.88 per diluted share. The company reiterated its guidance of about 20% domestic same store sales growth for 2024, raised its 2024 net new unit outlook, and raised its SG&A and stock-based compensation expense guidance, which will increase costs for shareholders. The board also declared a $0.27 quarterly dividend.
Total revenue increased to $162.5 million from $117.1 million a year earlier; domestic same store sales rose 20.9%.
Diluted EPS was $0.88, up from $0.65; net income was $25.7 million, up from $19.5 million.
2024 guidance for global net new units was raised to 320 to 330 from 285 to 300, and SG&A expense guidance was raised to $117.5 million to $118.5 million from $114 million to $116 million.
The board declared a quarterly cash dividend of $0.27 per share, payable December 6, 2024, to holders of record as of November 15, 2024.
M/I Homes reported results for the three and nine months ended September 30, 2024. Third-quarter revenue rose 9% to $1.1 billion, and net income rose 5% to $145.4 million, or $5.10 per diluted share, with pre-tax income, net income and homes delivered all described as third-quarter records. Nine-month net income reached a record $430.3 million, and the company repurchased $50 million of common stock during the quarter.
Revenue rose 9% to $1.1 billion, and homes delivered rose 8% to 2,271 in the third quarter.
Net income rose 5% to $145.4 million, or $5.10 per diluted share, compared with $4.82 a year earlier.
Shareholders' equity reached a record $2.8 billion, with book value of $105 per share, and the company repurchased $50 million of common stock.
Backlog units fell 8% to 3,174 homes at September 30, 2024, and backlog sales value fell 1% to $1.73 billion.
The Chefs' Warehouse reported third-quarter 2024 results for the period ended September 27, 2024. Net sales rose 5.6% to $931.5 million, GAAP net income rose to $14.1 million from $7.3 million, and diluted earnings per share were $0.34 versus $0.19 a year earlier. The company also issued fiscal 2024 guidance of $3.710 billion to $3.775 billion in net sales and $210.0 million to $219.0 million in adjusted EBITDA, but the filing does not state how this compares with prior guidance.
Net sales rose 5.6% to $931.5 million from $881.8 million in the third quarter of 2023.
GAAP net income was $14.1 million, or $0.34 per diluted share, versus $7.3 million, or $0.19 per diluted share, a year earlier.
Adjusted EBITDA was $54.5 million versus $50.3 million; adjusted net income per diluted share was $0.36 versus $0.33.
Fiscal 2024 guidance: net sales of $3.710 billion to $3.775 billion; gross profit of $890.0 million to $906.0 million; adjusted EBITDA of $210.0 million to $219.0 million.
Verisk reported third-quarter 2024 results for the period ended September 30, 2024, with revenue up 7.0% to $725 million and diluted GAAP EPS from continuing operations up 19.4% to $1.54. The company left its full-year 2024 financial guidance unchanged, and it completed a $400 million accelerated share repurchase on October 25, 2024.
Revenue was $725 million for the quarter, up 7.0%, and up 6.8% on an organic constant currency basis.
Income from continuing operations was $220 million, up 17.4%; diluted adjusted EPS was $1.67, up 9.9%.
Fiscal 2024 guidance is unchanged, including revenue of $2,840 million to $2,900 million and diluted adjusted EPS of $6.30 to $6.60.
The board approved a 39-cent quarterly dividend payable December 31, 2024, and $892 million remained under the share repurchase authorization as of September 30, 2024.
Garmin reported fiscal third-quarter 2024 revenue of $1.59 billion, up 24% from a year earlier, with GAAP diluted EPS of $2.07 and pro forma diluted EPS of $1.99, up 41%. The company raised its full-year 2024 outlook to approximately $6.12 billion in revenue and $6.85 in pro forma EPS, which matters to shareholders because it signals stronger expected earnings for the year.
Third-quarter operating income was $437 million, up 62% from the prior year quarter
Full-year 2024 guidance: revenue of approximately $6.12 billion and pro forma EPS of $6.85
Next dividend of $0.75 per share has a record date of December 13, 2024 and a payment date of December 27, 2024
OneSpaWorld reported third-quarter 2024 total revenues of $241.7 million, up 12% from $216.3 million a year earlier, and income from operations of $25.0 million, up 48%. The company raised its fiscal 2024 revenue and adjusted EBITDA guidance and declared a $0.04 quarterly dividend, while GAAP net income fell 8% to $21.6 million because of a non-operating warrant gain in the prior-year period.
Q3 2024 total revenues were $241.7 million, up 12% from $216.3 million in Q3 2023; income from operations rose 48% to $25.0 million.
Q3 net income was $21.6 million, or $0.20 per diluted share, versus $23.4 million, or $0.16, a year earlier; the company attributed the decline mainly to a $7.4 million warrant fair value gain in Q3 2023.
Fiscal 2024 revenue guidance was raised to $888-$893 million from $870-$890 million; adjusted EBITDA guidance was raised to $110-$112 million from $102-$108 million.
Board declared a $0.04 per share quarterly dividend, payable December 4, 2024, to holders of record on November 20, 2024.
Urban Edge Properties reported third-quarter 2024 results on October 30, 2024, and raised its full-year 2024 FFO as Adjusted guidance to $1.32 to $1.35 per diluted share from $1.29 to $1.32. Net income attributable to common shareholders fell from the prior-year quarter, which included a $26.7 million gain on debt extinguishment, while FFO as Adjusted per diluted share rose 9%.
Q3 2024 net income attributable to common shareholders was $9.1 million, or $0.07 per diluted share, versus $36.1 million, or $0.31, in Q3 2023.
Q3 2024 FFO as Adjusted was $0.35 per diluted share, up $0.03, or 9%, from $0.32 a year earlier.
2024 FFO as Adjusted guidance was raised to $1.32 to $1.35 per diluted share from $1.29 to $1.32.
On October 29, 2024, the company closed the $126 million acquisition of The Village at Waugh Chapel in Maryland.
CSW Industrials reported fiscal second quarter 2025 results for the period ended September 30, 2024, with revenue up 11.9% to $227.9 million and diluted EPS up 17.1% to $2.26. The company also raised $347.4 million net from a follow-on equity offering and used it to repay all $115.0 million of revolver borrowings, while announcing a 14.3% increase in its quarterly dividend to $0.24 per share.
Revenue rose 11.9% to $227.9 million, with 6.2 percentage points from organic growth and 5.7 points from the Dust Free and PSP Products acquisitions
Net income attributable to CSWI rose 20.0% to $36.1 million; diluted EPS rose 17.1% to $2.26 from $1.93
Sold 1.265 million shares at $285 per share for net proceeds of $347.4 million and repaid $115.0 million on the revolver
Quarterly dividend increased by $0.03 to $0.24 per share, payable November 8, 2024 to holders of record on October 25, 2024
XPO reported third quarter 2024 results on October 30, 2024, with revenue of $2.05 billion, up 3.7% from $1.98 billion, and diluted earnings from continuing operations of $0.79 per share versus $0.72. Growth came mainly from higher yield in North American LTL and volume growth in European Transportation, and adjusted diluted EPS rose to $1.02 from $0.88. Diluted EPS includes a $9 million gain, or $0.06 per share, on a past private company investment that was sold in the quarter.
Revenue $2.05 billion vs. $1.98 billion a year earlier (up 3.7%)
Diluted EPS $0.79 vs. $0.72; adjusted diluted EPS $1.02 vs. $0.88
Adjusted EBITDA $333 million vs. $278 million; North American LTL adjusted operating ratio 84.2%, 200 basis points better
Includes a $9 million gain ($0.06 per share) on the sale of a past private company investment
NiSource reported third-quarter 2024 GAAP net income available to common shareholders of $85.7 million, or $0.19 per diluted share, up from $77.0 million, or $0.17, a year earlier. It reaffirmed 2024 non-GAAP adjusted EPS guidance of $1.70-1.74 and introduced 2025 adjusted EPS guidance of $1.84-1.88, with a 2025-2029 base capital expenditure plan of $19.3 billion, which the company said is about $2.9 billion larger than its prior 5-year plan.
Q3 2024 GAAP EPS of $0.19 versus $0.17 in Q3 2023; non-GAAP adjusted EPS of $0.20 versus $0.19
Nine-month 2024 GAAP net income of $515.8 million, or $1.14 per diluted share, versus $436.1 million, or $0.98, in 2023
2024 adjusted EPS guidance of $1.70-1.74 reaffirmed; 2025 adjusted EPS guidance of $1.84-1.88 introduced
Company extends expected 6-8% annual adjusted EPS growth through 2029 on 8-10% rate base growth for 2025-2029
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