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).
MasTec reported third-quarter 2024 revenue of $3.3 billion, flat from a year earlier, while GAAP net income rose to $105.4 million, or $1.21 per diluted share, from $15.3 million, or $0.18, in the third quarter of 2023. The company also updated full-year 2024 guidance, now expecting revenue of approximately $12.225 billion, GAAP diluted EPS of $1.98 and adjusted EBITDA of $990 million.
Q3 2024 adjusted diluted EPS was $1.63, compared with $0.95 in Q3 2023.
Q3 2024 adjusted EBITDA was $305.9 million, up 13% from $271.1 million a year earlier.
Full-year 2024 guidance: revenue of approximately $12.225 billion, GAAP diluted EPS of $1.98 and adjusted diluted EPS of $3.75.
Q4 2024 guidance: revenue of approximately $3.325 billion and GAAP diluted EPS of $0.86; management will discuss results on November 1, 2024 at 9:00 a.m. Eastern Time.
Cavco reported fiscal second-quarter results for the period ended September 28, 2024, with net revenue up 12.3% to $507 million and diluted earnings per share up 10.9% to $5.28, driven mainly by higher home sales volume. The Board also approved a new $100 million stock repurchase program on October 29, 2024, which the company expects to fund from existing cash.
Net revenue was $507 million, up $55 million or 12.3% from $452 million a year earlier; homes sold rose 15.7% to 4,913.
Diluted EPS was $5.28 versus $4.76; six-month diluted EPS was $9.38 versus $10.05, down 6.7%.
Financial services gross profit margin fell to 21.8% from 35.9%, hurt by Hurricane Beryl and other weather-related insurance claims.
The $100 million repurchase program has no obligation to buy any set amount and may be suspended or discontinued at any time.
Sabra Health Care REIT reported third-quarter 2024 net income of $29.8 million, or $0.13 per diluted share, compared with a net loss of $15.1 million, or $0.07 per share, a year earlier. Total revenues rose to $178.0 million from $161.6 million. The company raised the low and high ends of its 2024 normalized FFO guidance and raised the midpoint of its normalized AFFO guidance, but lowered the top end of its net income guidance.
Q3 2024 normalized FFO was $0.35 per diluted share, versus $0.33 in Q3 2023; normalized AFFO was $0.37, versus $0.34.
2024 normalized FFO guidance raised to $1.39-$1.40 from $1.36-$1.39; normalized AFFO guidance raised to $1.43-$1.44 from $1.41-$1.44.
2024 net income guidance is $0.48-$0.49, down from the prior top end of $0.51.
Board declared a quarterly dividend of $0.30 per share, payable November 29, 2024, to holders of record on November 15, 2024.
Dorman Products reported third-quarter 2024 net sales of $503.8 million, up 3.2%, and diluted EPS of $1.80, up 41% from $1.28. The company raised its full-year 2024 diluted EPS guidance to $6.15 to $6.25 from $5.32 to $5.52 and announced a new share repurchase program of up to $500 million, effective January 1, 2025 and running through December 31, 2027.
Q3 2024 net sales were $503.8 million, up 3.2% from $488.2 million in Q3 2023
Diluted EPS was $1.80 versus $1.28; adjusted diluted EPS was $1.96 versus $1.40
2024 diluted EPS guidance raised to $6.15 to $6.25 from $5.32 to $5.52; net sales growth guidance narrowed to 3.5% to 4.5%
New share repurchase program of up to $500 million runs January 1, 2025 to December 31, 2027; prior program expires December 31, 2024
LeMaitre Vascular reported preliminary, unaudited results for the quarter ended September 30, 2024, with net sales of $54.8 million, up 16% from a year earlier, and diluted earnings per share of $0.49, up from $0.33. The company also raised its full-year 2024 guidance, which for sales is $219.0 million to $221.0 million and for EPS is $1.91 to $1.96, giving shareholders a higher outlook for growth and profit.
Q3 2024 net sales were $54.8 million, up from $47.4 million in Q3 2023.
Q3 operating income was $13.1 million, up from $9.2 million, and diluted EPS was $0.49 versus $0.33.
Full-year 2024 sales guidance is $219.0 million to $221.0 million, and EPS guidance is $1.91 to $1.96.
The Board approved a $0.16 per share quarterly dividend, payable December 5, 2024, to holders of record on November 21, 2024.
EMCOR Group reported record third-quarter 2024 revenues of $3.70 billion, up 15.3%, and diluted EPS of $5.80, up from $3.57 a year earlier. The company raised its full-year 2024 diluted EPS guidance to $20.50-$21.00 from $19.00-$20.00, while narrowing its revenue guidance to at least $14.5 billion from $14.5-$15.0 billion, which lowers the top end of the prior range.
Q3 2024 revenue of $3.70 billion, up 15.3%; net income of $270.3 million, or $5.80 per diluted share
Full-year 2024 diluted EPS guidance raised to $20.50-$21.00 from $19.00-$20.00
Full-year 2024 revenue guidance adjusted to at least $14.5 billion from $14.5-$15.0 billion
Record remaining performance obligations of $9.79 billion, up 13.4% year-over-year
AMETEK reported third quarter 2024 sales of $1.71 billion, up 5%, and adjusted diluted earnings of $1.66 per share, up 1%. The company raised its 2024 adjusted diluted EPS guidance to $6.77 to $6.82 from $6.70 to $6.80 and said it acquired Virtek Vision International, which has annual sales of about $40 million.
Q3 sales were $1.71 billion, up 5%; operating income rose 2% to $445.9 million.
GAAP diluted EPS was $1.47, flat year over year; adjusted diluted EPS was $1.66, up 1% from $1.64.
2024 adjusted diluted EPS guidance raised to $6.77 to $6.82; full-year sales growth outlook of 5% to 7% unchanged.
Virtek Vision, with annual sales of about $40 million, will join the Electronic Instruments Group.
Trinity Industries reported third-quarter 2024 results on October 31, 2024. Revenue fell to $798.8 million from $821.3 million a year earlier, but GAAP diluted EPS rose to $0.44 from $0.29 and operating profit rose to $122.4 million from $100.2 million. The company raised its full-year 2024 EPS guidance to $1.70 to $1.80.
Q3 2024 revenues were $798.8 million, compared with $821.3 million in Q3 2023.
Q3 diluted EPS was $0.44 GAAP and $0.43 adjusted, compared with $0.29 and $0.26 a year earlier.
Operating profit was $122.4 million, up from $100.2 million; Railcar Leasing and Services operating profit was $115.2 million.
Full-year 2024 EPS guidance was raised to $1.70 to $1.80; year-to-date cash flow from continuing operations was $383.5 million.
Alaska Air Group reported third-quarter 2024 GAAP net income of $236 million, or $1.84 per diluted share, up from $139 million, or $1.08, a year earlier. Excluding special items and fuel hedge adjustments, adjusted EPS was $2.25, above the company's revised guidance range and at the high end of that range. Results include only 13 days of Hawaiian Airlines following the September 18, 2024 acquisition close, and the company expects full-year 2024 EPS above the midpoint of its previous $3.50 to $4.50 guidance range.
Q3 GAAP net income $236 million ($1.84 per share) vs. $139 million ($1.08) in Q3 2023; adjusted EPS $2.25 vs. $1.83
Q4 2024 guidance: adjusted EPS of $0.20 to $0.40 and unit revenue (RASM) up mid-single digits versus 2023
Subsequent to quarter end, the company completed $2 billion in financing backed by its Mileage Plan loyalty program; about $1.4 billion was used to refinance Hawaiian debt
Total liquidity of $3.4 billion at quarter end; the company will hold an Investor Day on December 10 and will not host a Q3 earnings call
Itron reported third quarter 2024 revenue of $615 million, up 10%, and GAAP diluted EPS of $1.70 versus $0.87 a year earlier, aided in part by a favorable foreign tax audit resolution worth about $0.30 per share. The company raised its full-year 2024 revenue and non-GAAP diluted EPS guidance, which gives shareholders a higher stated outlook for the year.
Q3 2024 revenue of $615 million, up 10%; GAAP diluted EPS of $1.70 versus $0.87; non-GAAP diluted EPS of $1.84 versus $0.98
Full-year 2024 revenue guidance raised to $2.428 to $2.438 billion from $2.385 to $2.415 billion
Full-year 2024 non-GAAP diluted EPS guidance raised to $5.28 to $5.38 from $4.45 to $4.65
Q4 2024 outlook: revenue of $600 to $610 million and non-GAAP diluted EPS of $1.00 to $1.10
IDACORP reported third-quarter 2024 net income of $113.6 million, or $2.12 per diluted share, up from $2.07 a year earlier, driven mainly by higher net income at Idaho Power. It raised the lower end of its full-year 2024 earnings guidance to $5.35 to $5.45 per diluted share, though the new range's upper end is unchanged from the prior $5.45 figure. Shareholders also get a look at the company's plans to add battery and wind resources to meet customer growth.
Q3 2024 net income attributable to IDACORP was $113.6 million, or $2.12 per diluted share, versus $105.3 million, or $2.07, in Q3 2023.
Nine-month 2024 net income was $251.3 million, or $4.82 per diluted share, versus $229.9 million, or $4.53, a year earlier.
2024 earnings guidance now $5.35 to $5.45 per diluted share, up from $5.30 to $5.45 previously, as of October 31, 2024.
Idaho Power's expected additional tax credit (ADITC) benefit for 2024 is $25 million to $35 million, versus $35 million to $50 million previously.
Parker Hannifin reported fiscal 2025 first-quarter results for the period ended September 30, 2024, with sales of $4.9 billion, up 1.2%, and diluted earnings per share of $5.34, up from $4.99 a year earlier. The company raised its fiscal 2025 EPS outlook to $22.78 to $23.48, reflecting the divestiture of its North America Businesses in the Diversified Industrial segment, which it expects to complete in the second quarter. Diversified Industrial sales fell while Aerospace Systems sales rose 17.8%, so shareholders' results depend on how the two segments perform.
Diluted EPS was $5.34 versus $4.99 a year earlier; adjusted EPS was $6.20, up 4%
Sales were $4.9 billion, up 1.2%, with organic sales growth of 1.4%
Aerospace Systems sales rose 17.8% to $1.45 billion; Diversified Industrial sales fell 4.5% on an as-reported basis
Fiscal 2025 EPS outlook raised to $22.78 to $23.48 and total sales growth guidance set at 0.5% to 3.5%
Curtiss-Wright reported third quarter 2024 sales of $799 million, up 10%, and diluted EPS of $2.89, with adjusted diluted EPS of $2.97, up 17%. The company raised its full-year 2024 adjusted guidance for sales, operating income, diluted EPS and free cash flow, which is a positive signal for shareholders.
Q3 2024 reported sales of $799 million, up 10%; diluted EPS $2.89 versus $2.51 a year earlier
Full-year 2024 adjusted diluted EPS guidance raised to $10.55 to $10.75, from $10.40 to $10.65
Full-year 2024 sales guidance raised to $3,050 million to $3,095 million; free cash flow guidance raised to $430 million to $450 million
Company completed a $100 million expansion of its 2024 share repurchase program during the quarter
Laureate Education reported third-quarter 2024 revenue of $368.6 million, up 2% on a reported basis and 9% on an organic constant currency basis, with net income of $85.3 million versus $36.0 million a year earlier. The company said it is increasing its full-year constant currency outlook and now expects 2024 revenue of $1,551 million to $1,556 million and Adjusted EBITDA of $447 million to $451 million, and the filing notes that a discrete tax benefit of about $37.9 million contributed to the profit increase.
Q3 2024 revenue $368.6 million, up 2% reported and 9% organic constant currency; operating income $72.0 million versus $58.7 million
Q3 net income $85.3 million, including a discrete tax benefit of about $37.9 million; basic and diluted EPS $0.56 versus $0.23
Full-year 2024 outlook: revenue $1,551 million to $1,556 million; Adjusted EBITDA $447 million to $451 million; total enrollments about 470,000
Board approved a new stock repurchase program of up to $100 million on September 13, 2024, after the prior $100 million program was completed in Q3
Generac reported third-quarter 2024 net income of $114 million, or $1.89 per diluted share, up from $60 million, or $0.97 per share, a year earlier, on net sales of $1.17 billion. The company raised its full-year 2024 net sales growth guidance to 5% to 9% from 4% to 8%, and its adjusted EBITDA margin guidance to 17.5% to 18.5% from 17.0% to 18.0%, citing higher power outage activity including Hurricane Helene and Hurricane Milton.
Net sales were $1.17 billion, up about 10% from $1.07 billion; residential product sales rose about 28% to $723 million while commercial & industrial sales fell about 15% to $328 million.
Adjusted net income was $136 million, or $2.25 per share, compared with $102 million, or $1.64 per share, in the third quarter of 2023.
Full-year 2024 net sales growth guidance was raised to 5% to 9% from 4% to 8%, and adjusted EBITDA margin guidance was raised to 17.5% to 18.5% from 17.0% to 18.0%.
The company repurchased 690,711 shares for approximately $102 million in the quarter, with about $347 million remaining under its repurchase program as of September 30, 2024.
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.
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.
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
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
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.
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.
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.
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.
Parsons Corporation reported record third-quarter 2024 revenue of $1.8 billion, up 28%, and net income attributable to Parsons of $72 million, up 52%. The company raised its fiscal 2024 revenue, adjusted EBITDA, and operating cash flow guidance ranges, citing its third-quarter performance and the BlackSignal acquisition.
Q3 2024 revenue rose 28% to $1.8 billion; net income rose 52% to $72 million; diluted EPS was $0.65 versus $0.42 a year earlier.
Fiscal 2024 revenue guidance raised to $6.6 billion-$6.8 billion from $6.35 billion-$6.55 billion; adjusted EBITDA guidance raised to $590 million-$620 million.
Critical Infrastructure adjusted EBITDA fell 25% to $47 million in Q3, driven by a write-down on a legacy program.
Nine-month net income attributable to Parsons was $33.8 million, down from $116.2 million, after a $211 million loss on extinguishment of debt.
Otis reported third quarter 2024 results on October 30, 2024. Net sales rose 0.7% to $3.5 billion, driven by Service, while New Equipment sales fell 8.8%, and the company updated its full-year outlook to adjusted EPS of about $3.85, up about 9%. GAAP EPS rose 47.3% to $1.34 mainly because of a non-recurring tax benefit, while GAAP operating profit fell $208 million to $363 million.
Third quarter net sales of $3.5 billion, up 0.7%; Service sales up 7.2% and New Equipment sales down 8.8%
GAAP EPS of $1.34, up 47.3%, driven by a non-recurring tax benefit; adjusted EPS of $0.96, up 1.1%
GAAP operating profit of $363 million, down $208 million, mainly due to separation-related adjustments
Full-year outlook: adjusted EPS of about $3.85 and adjusted free cash flow of $1.4 billion to $1.5 billion
LivaNova reported third-quarter 2024 results for the period ended September 30, 2024, with revenue of $318.1 million, up 11.2% from a year earlier, and GAAP diluted earnings of $0.60 per share compared with a loss of $0.14 per share in the prior-year quarter. The company also raised its full-year 2024 guidance, now expecting adjusted diluted earnings per share of $3.30 to $3.40. For shareholders, the filing shows higher sales, higher profit and a higher outlook, with the full press release furnished as Exhibit 99.1.
Third-quarter revenue was $318.1 million, up 11.2% from $286.1 million in the third quarter of 2023.
GAAP diluted EPS was $0.60 versus a loss of $0.14; adjusted diluted EPS was $0.90 versus $0.73.
Full-year 2024 adjusted diluted EPS guidance is now $3.30 to $3.40; constant-currency revenue growth guidance is 8.5% to 9.5%.
Full-year 2024 adjusted free cash flow is now expected to be $110 million to $130 million.
Trane Technologies reported third-quarter 2024 revenue of $5.4 billion, up 11 percent, and adjusted continuing EPS of $3.37, up 21 percent. The company raised its full-year 2024 revenue growth and adjusted EPS guidance, which it now expects to be about 11 percent and $11.10, respectively.
Q3 2024 GAAP continuing EPS was $3.43 versus $2.74 a year earlier; adjusted continuing EPS was $3.37 versus $2.79.
Bookings were $5.2 billion, up 5 percent, and backlog was $7.2 billion, up from $6.9 billion at year-end 2023.
Asia Pacific net revenues fell 21 percent to $298.5 million, while Americas revenues rose 15 percent to $4.5 billion.
Year-to-date through September 30, 2024, cash flow from continuing operating activities was $2.3 billion and free cash flow was $2 billion.
Kadant reported third-quarter 2024 revenue of $271.6 million, up 11% from a year earlier, though organic revenue fell 1% excluding acquisitions. Net income attributable to Kadant rose 2% to $31.6 million, and adjusted EPS rose 6% to $2.84. The company raised its 2024 adjusted EPS guidance to $9.93 to $10.13 and narrowed its revenue guidance to $1.047 to $1.055 billion.
Q3 revenue $271.6 million, up 11%; organic revenue down 1%, with acquisitions adding 12%
Net income $31.6 million, up 2%; GAAP diluted EPS $2.68, up 2%; adjusted EPS $2.84, up 6%
2024 adjusted EPS guidance raised to $9.93 to $10.13 from $9.80 to $10.05
2024 revenue guidance narrowed to $1.047 to $1.055 billion from $1.045 to $1.065 billion
American Homes 4 Rent reported third quarter 2024 results, with rents and other single-family property revenues up 5.5% to $445.1 million and net income attributable to common shareholders of $73.8 million, or $0.20 per diluted share, flat from a year earlier. The company raised the midpoint of its full year 2024 Core FFO guidance by $0.01 per share to a range of $1.76 to $1.78, and said it acquired nearly 1,700 homes for about $480 million in October 2024.
Rents and other single-family property revenues rose 5.5% to $445.1 million, from $421.7 million a year earlier.
Net income attributable to common shareholders was $73.8 million, or $0.20 per diluted share, versus $74.1 million, or $0.20, in the third quarter of 2023; the company cited a $5.3 million loss on early debt extinguishment and $3.9 million
Core FFO per share rose 6.3% to $0.44; full year 2024 Core FFO guidance was raised to $1.76 to $1.78 from $1.74 to $1.78.
In October 2024, the company acquired nearly 1,700 single-family rental homes for about $480 million, funded with cash on hand and its undrawn revolving credit facility.
Adtalem Global Education Inc. (NYSE: ATGE) reported first-quarter fiscal 2025 results for the period ended September 30, 2024, with revenue up 13.2% and diluted EPS of $1.18 versus $0.25 a year earlier, and raised its fiscal 2025 guidance. The filing names Adtalem (ATGE), not Covista Inc. (CVSA) as stated in the request, so this summary covers Adtalem's filing.
Revenue of $417.4 million, up 13.2% year-over-year; total student enrollment of 90,140, up 11.2%
Diluted EPS $1.18 vs. $0.25 a year earlier; adjusted EPS $1.29 vs. $0.93
Fiscal 2025 guidance: revenue $1,690 million to $1,730 million; adjusted EPS $5.75 to $5.95
Repurchased $34 million of shares; $178 million remaining under $300 million authorization through January 2027
American Assets Trust reported third-quarter 2024 results, with FFO per diluted share of $0.71, up 20% from a year earlier, and net income attributable to stockholders of $16.7 million, or $0.28 per diluted share. The company raised its 2024 FFO per diluted share guidance to $2.51 to $2.55, a 1% increase at the midpoint, which is a direct benefit to shareholders if the company meets it.
Q3 2024 FFO per diluted share was $0.71, up from $0.59 in Q3 2023; nine-month FFO per diluted share was $2.03, up 10%.
Q3 2024 net income attributable to stockholders was $16.7 million ($0.28 per diluted share), versus $11.8 million ($0.20) a year earlier.
2024 FFO per diluted share guidance was raised to $2.51 to $2.55 from $2.48 to $2.54.
Q3 same-store cash NOI rose 15.8%, aided by a lease termination fee at Torrey Reserve Campus; excluding that fee, office same-store cash NOI was (3.7)%.
Zurn Elkay reported third-quarter 2024 net sales of $410 million, up from $398 million a year earlier, and net income from continuing operations of $44 million, up from $35 million. The company raised its full-year adjusted EBITDA margin expansion outlook to 250 to 270 basis points and its free cash flow outlook to approximately $260 million, which points to stronger results for shareholders.
Q3 net sales of $410 million vs. $398 million a year earlier; core sales up 3%
Diluted EPS from continuing operations of $0.25 vs. $0.20; adjusted EPS of $0.34 vs. $0.29
Full-year adjusted EBITDA now expected at approximately $387 million to $389 million; free cash flow outlook raised to about $260 million
Quarterly dividend increased 13% to $0.09 per share; $50 million used to repurchase 1.6 million shares in the quarter
EXL reported third-quarter 2024 revenue of $472.1 million, up 14.9% from a year earlier, and GAAP diluted EPS of $0.33, up 24.2%. The company raised its full-year 2024 guidance for revenue to $1.825 billion to $1.835 billion and for adjusted diluted EPS to $1.61 to $1.63, which gives shareholders a higher outlook than before.
Q3 2024 revenue was $472.1 million, up 14.9% year over year and up 5.3% sequentially on a reported basis.
Q3 2024 GAAP diluted EPS was $0.33, up from $0.26 in Q3 2023; adjusted diluted EPS was $0.44, up from $0.37.
Full-year 2024 revenue guidance was raised to $1.825 billion to $1.835 billion, from $1.805 billion to $1.830 billion.
Full-year 2024 adjusted diluted EPS guidance was raised to $1.61 to $1.63, from $1.59 to $1.62.
InvenTrust reported third-quarter 2024 results on October 29, 2024, with Nareit FFO of $0.45 per diluted share and Core FFO of $0.44, both up from $0.41 a year earlier. The company raised the low end of its full-year Nareit FFO guidance to $1.74 from $1.73 and its Core FFO guidance to $1.70 to $1.73 from $1.69 to $1.73, which points to higher expected per-share operating results for shareholders.
Q3 Nareit FFO was $30.9 million, or $0.45 per diluted share, versus $0.41 in Q3 2023
Same Property NOI rose 6.5% to $45.5 million for the quarter
Full-year Core FFO guidance is now $1.70 to $1.73 per diluted share, up from $1.69 to $1.73
Net loss narrowed to $0.5 million, or $0.01 per share, from $0.8 million a year earlier
Exelixis reported third-quarter 2024 total revenues of $539.5 million, up from $471.9 million a year earlier, and GAAP diluted earnings of $0.40 per share, up from $0.00. The company raised its 2024 total revenue and net product revenue guidance, and its quarter included a $51.7 million non-cash impairment charge on leased facilities not in use.
Q3 2024 total revenues were $539.5 million versus $471.9 million in Q3 2023; net product revenues were $478.1 million.
GAAP diluted EPS was $0.40 versus $0.00 a year earlier; non-GAAP diluted EPS was $0.47 versus $0.10.
2024 total revenue guidance was raised to $2.150 billion-$2.200 billion from $1.975 billion-$2.075 billion.
Allison Transmission reported record third-quarter 2024 net sales of $824 million, up 12% year over year, with net income of $200 million, up 27%, and diluted EPS of $2.27, up 29%. The company raised its full-year 2024 revenue, earnings and cash flow guidance, citing strength in North America On-Highway demand.
Q3 net sales $824 million, up 12% from $736 million; North America On-Highway up $81 million
Q3 net income $200 million, up 27%; diluted EPS $2.27, a quarterly record, up 29%
2024 guidance: net sales $3,135 to $3,215 million; net income $675 to $725 million; adjusted free cash flow $605 to $655 million
Results released October 29, 2024; earnings call at 5:00 p.m. EDT the same day
Alignment Healthcare reported third-quarter 2024 results, with total revenue of $692.4 million, up 51.6% from a year earlier, and a net loss of $26.4 million, narrowed from $35.1 million. The company raised its full-year 2024 revenue and membership guidance and narrowed its adjusted gross profit and adjusted EBITDA guidance.
Q3 total revenue was $692.4 million, up from $456.7 million in the year-earlier quarter.
Net loss was $26.4 million, or $(0.14) per share, versus a net loss of $35.1 million, or $(0.19) per share, a year earlier.
Health plan membership was about 182,300 at quarter end, up 57.7% year over year.
Full-year 2024 revenue guidance is $2.665 billion to $2.680 billion; full-year adjusted EBITDA guidance is a loss of $10 million to income of $5 million.
Commvault reported fiscal second-quarter 2025 results for the period ended September 30, 2024, with total revenue of $233.3 million, up 16% year over year, and GAAP diluted earnings of $0.35 per share versus $0.29 a year earlier. The company raised its full-year fiscal 2025 revenue guidance to $952 million to $957 million, and the outlook includes the acquisition of Clumio, Inc., which closed on October 1, 2024.
Total revenue was $233.3 million, up 16% year over year; subscription revenue was $134.0 million, up 37%
GAAP net income was $15.6 million, or $0.35 per diluted share, versus $0.29 a year earlier; GAAP operating margin was 6.4%
Full-year fiscal 2025 total revenue guidance is $952 million to $957 million; free cash flow is expected to be at least $200 million
Second-quarter share repurchases totaled $51.9 million, or approximately 363,000 shares
Zebra Technologies reported third-quarter 2024 net sales of $1.255 billion, up 31.3% from $956 million a year earlier, and net income of $137 million, or $2.64 per diluted share, compared with a net loss of $15 million a year earlier. The company also said it increased its full-year outlook and expects fourth-quarter sales growth of 28% to 31%, which gives shareholders updated near-term guidance.
Q3 net sales were $1.255 billion versus $956 million, with organic net sales growth of 30.6%.
GAAP diluted EPS was $2.64 versus a loss of $0.28; non-GAAP diluted EPS was $3.49 versus $0.87.
Fourth-quarter outlook calls for sales growth of 28% to 31% and non-GAAP diluted EPS of $3.80 to $4.00.
Full-year free cash flow is expected to be at least $850 million; nine-month free cash flow was $666 million.
Hayward Holdings reported third-quarter fiscal 2024 results with net sales up 3% to $227.6 million, net income up 40% to $16.5 million, and diluted EPS of $0.07. The company raised the low end of its full-year 2024 net sales and Adjusted EBITDA guidance, which signals modestly improved expectations for shareholders.
Q3 net sales rose 3% year over year to $227.6 million; net income rose 40% to $16.5 million
Adjusted EBITDA rose 8% to $51.1 million; adjusted diluted EPS rose 22% to $0.11
Full-year 2024 net sales guidance is now $1.020 billion to $1.040 billion, up from $1.010 billion to $1.040 billion
Full-year 2024 Adjusted EBITDA guidance is now $260 million to $270 million, up from $255 million to $270 million
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