513 material Form 8-K filings that 427 companies we cover made with the SEC in November 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).
Marcus & Millichap reported third quarter 2024 results on November 8, 2024, with total revenue of $168.5 million, up 4.0% from $162.0 million a year earlier. The net loss narrowed to $5.4 million, or $0.14 per diluted share, from $9.2 million, or $0.24 per share, and adjusted EBITDA improved to approximately breakeven. The company said long-term interest rate volatility and pricing gaps between buyers and sellers will likely keep transaction timelines extended, and it did not give numeric guidance.
Q3 2024 total revenue of $168.5 million, up from $162.0 million; brokerage commissions rose to $142.0 million from $139.8 million
Q3 2024 net loss of $5.4 million, or $0.14 per diluted share, versus a net loss of $9.2 million, or $0.24 per share, in Q3 2023
Adjusted EBITDA increased by $6.6 million to approximately breakeven for the quarter
Nine-month revenue fell to $456.0 million from $479.7 million, and nine-month net loss was $20.9 million, or $0.54 per share; results are preliminary until the Form 10-Q is filed
Ziff Davis reported unaudited third-quarter 2024 revenue of $353.6 million, up 3.7%, and adjusted diluted EPS of $1.64, up 9.3%. GAAP results were weaker: the net loss widened to $48.6 million, or $1.11 per diluted share, including an $85.3 million goodwill impairment. The company reaffirmed its fiscal 2024 guidance.
Q3 2024 revenue was $353.6 million, up from $341.0 million. Digital Media rose 5.8% to $283.6 million, while Cybersecurity and Martech fell 4.1% to $70.0 million.
Net loss was $48.6 million, or $1.11 per diluted share, compared with $31.0 million, or $0.67, in Q3 2023. The period included an $85.3 million goodwill impairment.
Adjusted diluted EPS rose 9.3% to $1.64 from $1.50, and adjusted EBITDA rose 9.6% to $124.7 million.
Fiscal 2024 guidance was reaffirmed: revenue of $1.411 billion to $1.471 billion and adjusted EBITDA of $500.0 million to $521.0 million. An earnings call is set for November 8, 2024, at 8:30 a.m. ET.
Red Rock Resorts reported third quarter 2024 net revenues of $468.0 million, up 13.7% from a year earlier, and Adjusted EBITDA of $182.7 million, up 4.3%. Net income fell 19.0% to $55.4 million, and diluted earnings per share were $0.48 versus $0.60, so revenue and Adjusted EBITDA growth did not carry through to the bottom line for shareholders.
Net revenues were $468.0 million, up $56.4 million from $411.6 million in Q3 2023; Las Vegas operations revenues were $464.7 million.
Net income was $55.4 million, down $13.0 million from $68.4 million; diluted EPS was $0.48 versus $0.60.
The Board declared a $0.25 per Class A share dividend for Q4 2024, payable December 31, 2024 to holders of record as of December 16, 2024.
Victory Capital reported third-quarter 2024 results on November 7, 2024. Revenue rose 7.6% year over year to $225.6 million, and GAAP diluted earnings per share were $1.24, up from $0.77, though the company also recorded $2.6 billion in long-term net outflows for the quarter. The board raised the quarterly dividend to $0.44 per share from $0.41, and management said the pending Amundi transaction is expected to close in the first quarter of 2025.
Q3 2024 revenue of $225.6 million, up 7.6% from $209.7 million a year earlier and up 2.7% from $219.6 million in Q2 2024
GAAP net income of $82.0 million, or $1.24 per diluted share, versus $52.0 million, or $0.77, in Q3 2023
Long-term net outflows of $2.6 billion in the third quarter; total AUM ended at $176.1 billion
Quarterly dividend raised to $0.44 per share from $0.41, payable December 23, 2024, to holders of record on December 9, 2024
Mettler-Toledo reported third-quarter 2024 sales of $954.5 million, up 1% from a year earlier, and diluted EPS of $9.96 versus $9.21. Adjusted EPS rose 4% to $10.21, while adjusted operating profit was flat at $296.6 million. The company narrowed its full-year 2024 adjusted EPS forecast to $40.35 to $40.50 from $40.20 to $40.50, which raises the low end of the range.
Q3 2024 reported sales rose 1% to $954.5 million; diluted EPS was $9.96 versus $9.21 a year earlier.
Nine-month reported sales declined 1% to $2.827 billion; nine-month diluted EPS was $28.55, including a $1.07 per share non-cash tax benefit.
Full-year 2024 adjusted EPS is forecast at $40.35 to $40.50; the 2025 forecast is $41.85 to $42.50.
Management expects fourth-quarter 2024 local currency sales to rise about 8% and adjusted EPS of $11.63 to $11.78.
RingCentral reported third-quarter 2024 total revenue of $609 million, up 9% year over year, and GAAP operating income of $3 million, compared with a loss of $54 million a year earlier. The company raised its full-year 2024 total revenue range to $2.397 billion to $2.399 billion and its non-GAAP EPS outlook to $3.69, and it named Abhey Lamba as Chief Financial Officer.
Total revenue was $609 million, up from $558 million; subscriptions revenue was $583 million, up 10%.
GAAP net loss per share was ($0.09), compared with ($0.45) a year earlier; diluted non-GAAP EPS was $0.95, compared with $0.78.
Full-year 2024 non-GAAP EPS guidance was raised to $3.69, and free cash flow guidance was raised to $400 million to $405 million.
Abhey Lamba was appointed Chief Financial Officer.
Corpay reported third-quarter 2024 revenue of $1,029.2 million, up 6%, and diluted EPS of $3.90, up 7%, with adjusted diluted EPS of $5.00, up 11%. The company slightly lowered its full-year 2024 revenue guidance, citing fuel prices and foreign exchange rates, while maintaining its $19.00 cash EPS guide, and the board raised the share repurchase authorization by $1 billion.
Q3 2024 revenue of $1,029.2 million, up 6% from $970.9 million; first quarter above $1 billion, per the company
Q3 diluted EPS $3.90, up 7%; adjusted diluted EPS $5.00, up 11% from $4.49
2024 revenue guidance lowered to $3,980 million to $4,010 million (midpoint $3,995 million); cash EPS guide maintained at $19.00
Share repurchase authorization increased by $1 billion; $500 million Term Loan B upsizing completed September 26, 2024
A10 Networks reported third-quarter 2024 revenue of $66.7 million, up from $57.8 million a year earlier, and GAAP net income of $12.6 million, or $0.17 per diluted share, compared with $6.5 million, or $0.09, in the prior-year quarter. The Board also approved a $0.06 quarterly dividend and a new repurchase program of up to $50 million of common stock, and the filing contains no updated revenue or profit guidance.
Q3 2024 revenue was $66.7 million versus $57.8 million in Q3 2023; nine-month revenue was $187.5 million versus $181.3 million.
GAAP net income was $12.6 million ($0.17 per diluted share) versus $6.5 million ($0.09) a year earlier; non-GAAP EPS was $0.21 versus $0.16.
The Board approved a $0.06 per share quarterly dividend, payable December 2, 2024, to holders of record on November 18, 2024.
A new repurchase program authorizes up to $50 million of common stock, with no specified term; the company plans to fund it from existing cash and operating cash flow.
Monster Beverage reported third-quarter 2024 net sales up 1.3% to $1.88 billion, but net income fell 18.1% to $370.9 million and diluted earnings per share fell to $0.38 from $0.43. The results include $21.5 million in net-of-tax charges, and the company also disclosed a new director effective January 1, 2025 and a bylaw change adopting a majority voting standard for director elections.
Q3 2024 net income was $370.9 million, down from $452.7 million; diluted EPS was $0.38 versus $0.43 a year earlier.
Adjusted diluted EPS was $0.40 versus $0.41; the gap reflects $10.6 million in Alcohol Brands inventory reserves and $16.7 million in a Hansen intellectual property provision.
William W. Douglas III was elected a director by the Board on November 6, 2024, effective January 1, 2025.
Fourth Amended and Restated By-laws, effective November 6, 2024, adopt a majority voting standard for director nominees, with plurality voting retained for contested elections.
Brighthouse Financial reported third quarter 2024 net income available to shareholders of $150 million, or $2.47 per diluted share, down from $453 million a year earlier. Adjusted earnings rose to $767 million, but that figure includes $524 million of net favorable notable items tied to the annual actuarial review. The estimated combined RBC ratio of 365% to 385% is below the company's 400% to 450% target range, and the company said it is in the final stages of a reinsurance transaction intended to address this.
Net income available to shareholders was $150 million, or $2.47 per diluted share, versus $453 million, or $6.89 per share, in Q3 2023.
Adjusted earnings were $767 million, or $12.58 per diluted share, including $524 million of net favorable notable items; adjusted earnings less notable items were $243 million, or $3.99 per share.
Estimated combined RBC ratio was between 365% and 385% at September 30, 2024, below the 400% to 450% target range; a reinsurance transaction is in final stages and expected before year-end.
The company repurchased about $64 million of common stock in Q3 2024 and about $215 million year-to-date through November 1, 2024.
PDF Solutions reported third-quarter 2024 revenue of $46.4 million, up 10% from a year earlier, with GAAP net income of $2.2 million, or $0.06 per diluted share, compared with a net loss a year earlier. CEO John Kibarian said the company now expects fourth-quarter revenue to grow year over year in line with its 20% long-term growth target, and the company noted the results are preliminary until its Form 10-Q is filed.
Total revenues of $46.4 million, up from $42.4 million in Q3 2023 and $41.7 million in Q2 2024
Analytics revenue of $44.8 million, up 13% year over year; Integrated Yield Ramp revenue of $1.7 million, down from $2.9 million a year earlier
GAAP net income of $2.2 million ($0.06 per diluted share) versus a net loss of $5.0 million ($0.13 per share) in Q3 2023; non-GAAP diluted EPS of $0.25 versus $0.20
Fourth-quarter revenue expected to grow year over year in line with the 20% long-term revenue growth target
Saul Centers reported third-quarter 2024 results for the quarter ended September 30, 2024, with total revenue up to $67.3 million from $63.8 million and net income available to common stockholders up to $11.7 million, or $0.48 per share, from $10.0 million, or $0.42 per share. Diluted FFO per share rose to $0.83 from $0.76, and commercial leasing reached 95.7% from 94.2%, which points to higher earnings from the existing portfolio for shareholders.
Q3 2024 total revenue rose to $67.3 million from $63.8 million in Q3 2023.
Net income available to common stockholders was $11.7 million, or $0.48 per diluted share, versus $0.42 a year earlier.
Diluted FFO per share was $0.83 versus $0.76; nine-month diluted FFO per share was $2.46 versus $2.33.
Commercial portfolio 95.7% leased at September 30, 2024, up from 94.2%; residential portfolio 98.8% leased.
News Corp reported fiscal first-quarter 2025 results for the three months ended September 30, 2024, with revenue of $2.58 billion, up 3%, and net income of $144 million, up from $58 million a year earlier. The company also said CFO Susan Panuccio will leave the role on January 1, 2025, and be succeeded by Lavanya Chandrashekar, while director Kelly Ayotte will not stand for re-election.
Revenue was $2.58 billion, up 3% from $2.50 billion; EPS were $0.21 versus $0.05 a year earlier
Total Segment EBITDA rose 14% to $415 million; adjusted EPS were $0.21 versus $0.16
Lavanya Chandrashekar, formerly CFO of Diageo plc, becomes CFO effective January 1, 2025; Panuccio stays as Senior Advisor through June 29, 2025
Board size will be reduced to six members after Kelly Ayotte's departure, which the filing says did not result from any disagreement with the company
Metallus reported third-quarter 2024 net sales of $227.2 million and a net loss of $5.9 million, or $0.13 per diluted share, compared with net income of $24.8 million, or $0.51 per diluted share, a year earlier. The company expects adjusted EBITDA to increase modestly from the third quarter in the fourth quarter of 2024, and it also posted an updated investor presentation that includes third-quarter results.
Net sales fell 36% from $354.2 million in the third quarter of 2023 and 23% from $294.7 million in the second quarter of 2024.
Adjusted EBITDA was $6.1 million, compared with $46.8 million in the third quarter of 2023 and $19.9 million in the second quarter of 2024.
Ship tons were 119,900, down 32% from the prior-year third quarter, on lower shipments across all end markets.
Cash and cash equivalents were $254.6 million as of September 30, 2024, and total liquidity was $496.8 million.
DXC Technology reported second quarter fiscal 2025 results for the quarter ended September 30, 2024, with revenue down 5.7% to $3.24 billion and GAAP diluted EPS down 53.1% to $0.23. The company raised its full-year non-GAAP EPS, adjusted EBIT margin and free cash flow guidance, but full-year organic revenue guidance was revised to a decline of 5.5% to 4.5% from 6.0% to 4.0%, so shareholders see a higher profit outlook alongside falling sales and lower GAAP earnings.
Quarterly revenue was $3.24 billion, down 5.7% year-over-year (down 5.6% on an organic basis).
GAAP diluted EPS was $0.23, down 53.1%; non-GAAP diluted EPS was $0.93, up 32.9%.
Full-year non-GAAP diluted EPS guidance rose to $3.00-$3.25 from $2.75-$3.00; free cash flow guidance rose to about $550 million from about $450 million.
Full-year revenue guidance is $12.9 billion to $13.1 billion, a decline of 5.5% to 4.5% on an organic basis versus the prior 6.0% to 4.0%.
MP Materials reported third-quarter 2024 revenue of $62.9 million, up 20% from a year earlier, driven by sales of separated NdPr. Profit measures worsened: the net loss was $25.5 million, or $(0.16) per diluted share, compared with a $4.3 million loss a year earlier, and Adjusted EBITDA was a $11.2 million loss versus $15.6 million of positive Adjusted EBITDA. For shareholders, the revenue growth came with higher cost of sales from early separated product production.
Revenue rose 20% year-over-year to $62.9 million, from $52.5 million, as NdPr sales volume reached 404 metric tons.
Net loss was $25.5 million, versus a $4.3 million loss in the third quarter of 2023; diluted EPS was $(0.16) versus $(0.02).
Adjusted EBITDA was $(11.2) million, down $26.7 million year-over-year, mainly due to higher cost of sales from initial separated product production.
Record REO production of 13,742 metric tons rose 28% year-over-year; the company repurchased 13.0 million shares in March and 2.2 million shares in August 2024.
AMN Healthcare reported third quarter 2024 revenue of $687.5 million, down 19% from a year earlier, with GAAP diluted EPS of $0.18 versus $1.39 and adjusted diluted EPS of $0.61 versus $1.97. The company guided fourth quarter revenue to $685 million to $705 million, 14% to 16% below the prior year, and separately amended its credit agreement to allow a higher maximum net leverage ratio through December 31, 2025.
Q3 2024 revenue was $687.5 million, down 19% from $853.5 million in Q3 2023; net income was $7.0 million versus $53.2 million
Fourth quarter 2024 guidance: revenue of $685 million to $705 million and operating margin of 1.8% to 2.5%
Fourth Amendment dated November 5, 2024 raises the maximum Consolidated Net Leverage Ratio to 4.50 to 1.00 for December 31, 2024 through December 31, 2025, reverting to 4.00 to 1.00 afterward
Net leverage ratio was 2.8 to 1.0 at September 30, 2024, and the company reduced debt by $60 million in the quarter
Solventum reported third-quarter 2024 sales of $2.082 billion, up 0.4%, while GAAP earnings per share fell to $0.70 from $2.66 a year earlier and adjusted EPS was $1.64 versus $2.87. The company raised its full-year 2024 adjusted EPS guidance to $6.50 to $6.65 from $6.30 to $6.50, so shareholders get a higher outlook alongside a sharp drop in quarterly profit.
Q3 2024 net sales $2.082 billion, up 0.4%; organic sales up 0.3%
GAAP EPS $0.70 vs. $2.66 in Q3 2023; adjusted EPS $1.64 vs. $2.87
Full-year 2024 adjusted EPS guidance raised to $6.50 to $6.65 (previously $6.30 to $6.50)
Full-year free cash flow guidance raised to $750 million to $850 million (previously $700 million to $800 million)
Kratos reported third quarter 2024 revenue of $275.9 million, up from $274.6 million a year earlier, and GAAP net income of $3.2 million, or $0.02 per share, compared with a net loss of $1.6 million in the prior-year quarter. Operating income, Adjusted EBITDA and Adjusted EPS were lower than a year earlier, and the company affirmed its full year 2024 financial forecast.
Q3 2024 revenue was $275.9 million versus $274.6 million in Q3 2023; Unmanned Systems revenue rose to $64.2 million from $56.7 million.
GAAP net income attributable to Kratos was $3.2 million ($0.02 per share), compared with a $1.6 million loss ($0.01 per share) in Q3 2023.
Operating income was $6.5 million versus $12.2 million, and Adjusted EBITDA was $24.6 million versus $27.7 million; Adjusted EPS was $0.11 versus $0.12.
Full year 2024 guidance was affirmed, with revenue of $1,125 million to $1,150 million; the company will provide 2025 guidance with its fiscal 2024 results in late February 2025.
Alarm.com reported third-quarter 2024 results for the quarter ended September 30, 2024. Total revenue rose 8.4% to $240.5 million, and GAAP net income attributable to common stockholders rose 87.9% to $36.7 million, or $0.67 per diluted share. The company also increased its full-year 2024 guidance, which points to higher expected revenue and profitability for shareholders.
Q3 total revenue rose 8.4% to $240.5 million; SaaS and license revenue rose 9.8% to $159.3 million.
GAAP diluted earnings per share were $0.67, compared with $0.37 in the third quarter of 2023.
Full-year 2024 total revenue guidance is $933.7 million to $935.9 million; non-GAAP adjusted EBITDA guidance is $174.0 million to $176.0 million.
Cash and cash equivalents were $1.17 billion at September 30, 2024, helped by the May 2024 issuance of $500.0 million in convertible notes.
Adeia reported third-quarter 2024 revenue of $86.1 million, down from $101.4 million a year earlier, and GAAP diluted EPS of $0.17, down from $0.21. It narrowed its full-year 2024 revenue outlook to $370 million-$400 million from $380 million-$420 million and lowered its GAAP net income outlook, which weighs on shareholders even though the board raised its share repurchase authorization to $200.0 million.
Q3 2024 revenue was $86.1 million, versus $101.4 million in Q3 2023 and $87.4 million in Q2 2024.
Q3 2024 GAAP diluted EPS was $0.17 (Q3 2023: $0.21); non-GAAP diluted EPS was $0.27 (Q3 2023: $0.38).
Full-year 2024 GAAP net income outlook was lowered to $65.9 million-$69.3 million from $71.4 million-$75.6 million.
The board raised the share repurchase authorization to $200.0 million in October, and declared a $0.05 per share dividend payable December 18, 2024.
Sunrun reported third-quarter 2024 results on November 7, 2024. Total revenue fell $26.0 million, or 5%, from a year earlier, while the net loss attributable to common stockholders shrank to $83.8 million, or $0.37 per share, from $1,069.5 million a year earlier, a period that included a $1,158 million goodwill impairment. The company reiterated its Cash Generation guidance of $350 million to $600 million for 2025 and $50 million to $125 million for Q4 2024.
Total revenue was $537.2 million, down 5% from the third quarter of 2023, as solar energy systems and product sales fell 47%.
Net loss attributable to common stockholders was $83.8 million, or $0.37 per share, versus $1,069.5 million in Q3 2023.
Cash Generation was $2.5 million in Q3 2024, the second consecutive quarter of positive Cash Generation.
Full-year 2025 Cash Generation guidance of $350 million to $600 million was reiterated, not changed.
Motorola Solutions reported third-quarter 2024 sales of $2.8 billion, up 9% from a year earlier, with GAAP EPS of $3.29 (up 22%) and non-GAAP EPS of $3.74 (up 17%). The company raised its full-year 2024 revenue growth outlook to 8.25% from about 8% and its non-GAAP EPS outlook to $13.63 to $13.68 from $13.22 to $13.30.
Q3 2024 sales were $2,790 million versus $2,556 million in Q3 2023; GAAP operating earnings were $711 million, up 11%.
Software and Services segment GAAP operating earnings fell 4% to $265 million, while its sales rose 7% to $1,006 million.
Operating cash flow was $759 million and free cash flow was $702 million, compared with $714 million and $649 million a year earlier.
The company paid $164 million in dividends and reported backlog of $14.1 billion, down 1% from the year-ago quarter.
Genpact reported third-quarter 2024 revenue of $1.21 billion, up 7% year over year, and diluted EPS of $0.74, up 16%. The company raised its full-year 2024 outlook, with adjusted diluted EPS now expected at $3.23 to $3.24, up from $3.14 to $3.18 previously.
Q3 2024 net income was $133 million, up 13% year over year, and adjusted diluted EPS was $0.85, up 12%.
Full-year 2024 revenue guidance is $4.740 billion to $4.751 billion, up from prior growth guidance of about 4.0% to 5.0% as reported.
Genpact repurchased about 1.9 million common shares in the quarter for about $75 million.
Fortinet reported third-quarter 2024 results on November 7, 2024, with total revenue of $1.51 billion, up 13.0% from a year earlier, and GAAP diluted earnings of $0.70 per share, up from $0.41. The company raised its 2024 revenue and non-GAAP operating margin guidance and increased its share repurchase authorization by $1 billion, which leaves about $2.03 billion available for buybacks.
Total revenue was $1.51 billion, up 13.0% from $1.33 billion in Q3 2023; service revenue rose 19.1%.
GAAP net income was $539.9 million, compared with $322.9 million in Q3 2023; GAAP diluted EPS was $0.70 versus $0.41.
Fiscal 2024 revenue guidance is $5.856 billion to $5.916 billion, and non-GAAP operating margin guidance is 32.9% to 33.9%.
As of November 7, 2024, about $2.03 billion remained available for share repurchases.
ADMA Biologics reported third quarter 2024 revenue of $119.8 million, up 78% from a year earlier, and GAAP net income of $35.9 million, compared with $2.6 million in the prior-year quarter. The company raised its full-year 2024 and 2025 revenue, GAAP net income and Adjusted EBITDA guidance, and appointed KPMG LLP as its new independent auditor.
Q3 2024 revenue was $119.8 million versus $67.3 million in Q3 2023; corporate gross margin was 50% versus 37%.
Q3 2024 GAAP net income was $35.9 million, or $0.15 per diluted share, versus $2.6 million a year earlier.
FY 2024 revenue guidance rose to more than $415 million from more than $400 million; FY 2024 GAAP net income guidance rose to more than $120 million from $105 million.
KPMG LLP was engaged as the new independent registered public accounting firm effective November 7, 2024, succeeding CohnReznick.
CarGurus reported third-quarter 2024 total revenue of $231.4 million, up 5% from a year earlier, and GAAP net income of $22.5 million, up 19%. Nine-month results were weaker, with total revenue down 4% and a net loss of $24.9 million driven by $144.4 million of impairment-related charges. The board also authorized a $200.0 million share repurchase program for fiscal year 2025.
Q3 2024 Marketplace revenue was $204.0 million, up 15%, while total revenue rose 5% to $231.4 million.
Q3 GAAP net income was $22.5 million, up 19%; nine-month GAAP net loss was $24.9 million, including $144.4 million of impairment-related charges.
Q4 2024 guidance: total revenue of $219 million to $239 million and non-GAAP EPS of $0.50 to $0.55; full-year 2024 total revenue of $885 million to $905 million.
Board authorized a $200.0 million share repurchase program for fiscal year 2025.
Artivion reported third-quarter 2024 results on November 7, 2024. Revenue rose 9% to $95.8 million from $87.9 million a year earlier, and the GAAP net loss narrowed to $2.3 million, or $0.05 per diluted share, from $9.8 million, or $0.24 per share. The company narrowed its full-year 2024 revenue guidance to $389 million to $396 million, with the low end raised from $388 million, and kept its adjusted EBITDA outlook of $69 million to $72 million.
Q3 2024 revenue was $95.8 million, up 9% on a GAAP basis and 10% in constant currency, versus $87.9 million in Q3 2023.
GAAP net loss was $2.3 million ($0.05 per diluted share), compared with a $9.8 million loss ($0.24 per share) a year earlier; non-GAAP net income was $5.0 million ($0.12 per share).
Full-year 2024 revenue guidance narrowed to $389 million to $396 million, from $388 million to $396 million previously.
Adjusted EBITDA rose 28% to $17.7 million in Q3 2024; full-year adjusted EBITDA is still expected at $69 million to $72 million.
Arlo Technologies reported third-quarter 2024 revenue of $137.7 million, up 5.9% from a year earlier, with service revenue of $61.9 million up 21.2%. The GAAP net loss per share widened to $(0.04) from $(0.01), while non-GAAP net income per share rose to $0.11 from $0.09. The company guided fourth-quarter revenue to $116 million to $126 million.
Q3 2024 revenue $137.7 million, up 5.9% from $130.0 million in Q3 2023
Service revenue $61.9 million, up 21.2% year over year; annual recurring revenue $241.6 million, up 20.8%
GAAP net loss per share $(0.04) vs. $(0.01) a year earlier; non-GAAP net income per share $0.11 vs. $0.09
Q4 2024 outlook: revenue $116 million to $126 million; GAAP EPS $(0.06) to $0.00; non-GAAP EPS $0.07 to $0.13
Protagonist Therapeutics reported third quarter 2024 results, with license and collaboration revenue of $4.7 million, compared with none in the prior-year quarter. The net loss narrowed to $33.2 million, or $0.54 per share, from $34.1 million, or $0.58 per share, a year earlier, and the company said its cash runway extends through the end of 2027.
Q3 2024 license and collaboration revenue was $4.7 million, versus $0 in Q3 2023.
Q3 2024 net loss was $33.2 million ($0.54 per share), versus $34.1 million ($0.58 per share) in Q3 2023.
Nine-month 2024 net income was $143.5 million ($2.22 per diluted share), driven by a $255.0 million Takeda upfront payment recognized in Q1 2024.
Cash, cash equivalents and marketable securities were $583.3 million at September 30, 2024, which the company says provides runway through end of 2027.
H&R Block reported fiscal 2025 first-quarter results for the period ended September 30, 2024. Revenue rose 5% to $193.8 million, but the pretax loss grew to $232.3 million and the loss per share from continuing operations widened to $(1.23) from $(1.11). The company reaffirmed its full-year fiscal 2025 outlook and repurchased $210 million of shares in the quarter.
Total revenue of $193.8 million, up $10.0 million or 5% from the prior year, driven by higher company office volumes and international tax preparation revenue
Pretax loss increased by $19.9 million to $232.3 million, with total operating expenses up $32.0 million to $422.1 million
Loss per share from continuing operations was $(1.23) versus $(1.11); adjusted loss per share was $(1.17) versus $(1.05)
Full-year fiscal 2025 outlook reaffirmed, including revenue of $3.69 to $3.75 billion and adjusted diluted EPS of $5.15 to $5.35
StepStone reported results for the quarter ended September 30, 2024, its fiscal second quarter of 2025. Total revenues rose 42% year over year to $271.7 million and adjusted net income rose 78% to $53.6 million, while GAAP net income fell 10% to $53.1 million and diluted earnings per share dropped to $0.26 from $0.42. The company also declared a quarterly dividend of $0.24 per share, up from $0.21, payable December 13, 2024.
Total revenues were $271.7 million, up from $191.4 million a year earlier; total performance fees were $86.9 million versus $49.3 million.
GAAP net income attributable to StepStone Group Inc. was $17.6 million, compared with $26.2 million a year earlier.
Adjusted net income was $53.6 million ($0.45 per share), versus $30.2 million ($0.26 per share), and fee-related earnings were $72.3 million, up from $43.8 million.
The Board declared a $0.24 quarterly dividend per share, payable December 13, 2024, to holders of record on November 29, 2024; assets under management were $176.1 billion.
Yelp reported third-quarter 2024 net revenue of $360 million, up 4% from a year earlier, and net income of $38 million, down 34% from $58 million. It also adjusted its full-year 2024 outlook to $1.397 billion to $1.402 billion of net revenue and $341 million to $346 million of Adjusted EBITDA, and agreed to acquire RepairPal for approximately $80 million in cash, with closing expected by year-end. Revenue grew while profit declined, and shareholders will weigh the RepairPal deal against that mix.
Q3 net revenue rose 4% to $360 million; diluted EPS was $0.56 versus $0.79 a year earlier
Q3 Adjusted EBITDA was $101 million, up 5%, with a 28% margin; the company said this was $14 million above the high end of its outlook range
Full-year 2024 outlook adjusted to $1.397 billion–$1.402 billion net revenue and $341 million–$346 million Adjusted EBITDA
RepairPal acquisition for approximately $80 million in cash; RepairPal generated about $30 million in revenue over the twelve months ended August 31, 2024
Doximity reported fiscal second-quarter results for the period ended September 30, 2024, with revenue up 20% year-over-year and net income up 44%. The company also updated its full-year fiscal 2025 guidance, with revenue now expected at $535 million to $540 million, which shareholders will want to compare with the prior outlook.
Revenue of $136.8 million, up 20% from $113.6 million a year earlier
Net income of $44.2 million, up from $30.6 million; diluted EPS of $0.22 versus $0.15
Fiscal 2025 guidance: revenue $535 million to $540 million and adjusted EBITDA $274 million to $279 million; fiscal third-quarter revenue guidance of $152 million to $153 million
Restructuring and impairment charge of $2.3 million in the quarter, compared with $7.9 million a year earlier
Expedia Group reported third-quarter 2024 revenue of $4.1 billion, up 3% from a year earlier, and GAAP diluted earnings per share of $5.04 versus $2.87, with net income attributable to the company of $684 million. The company also raised its full-year guidance, though the filing text does not give the new figures. Chief Financial Officer Julie Whalen will step down once a successor is appointed, which is expected before February 17, 2025, and she resigned from the board effective immediately.
Revenue of $4.1 billion rose 3% year over year, including a 2-point negative impact from foreign exchange; gross bookings of $27.5 billion rose 7%
GAAP diluted EPS was $5.04 versus $2.87; adjusted EPS was $6.13 versus $5.41, up 13%
Adjusted EBIT was $892 million, down 1% from $903 million
Julie Whalen will remain CFO through February 17, 2025, and she resigned from the board effective November 7, 2024
Collegium reported third-quarter 2024 product revenue of $159.3 million, up 17% year over year, while GAAP net income fell to $9.3 million from $20.6 million a year earlier. The company reaffirmed its full-year 2024 product revenue guidance of $620.0 million to $635.0 million and said Vikram Karnani will become President and Chief Executive Officer effective November 12, 2024, succeeding Michael Heffernan, who remains Chairman.
Q3 2024 product revenue was $159.3 million versus $136.7 million a year earlier; GAAP diluted EPS was $0.27 versus $0.53
Q3 2024 adjusted EBITDA was $105.1 million, up 18% from $89.4 million; GAAP operating expenses rose to $62.0 million from $35.3 million
Full-year 2024 guidance reaffirmed: product revenue $620.0 million to $635.0 million, adjusted EBITDA $395.0 million to $405.0 million
Karnani's agreement includes a $875,000 base salary, a 75% target bonus, a $500,000 signing bonus and $10 million in equity awards
Airbnb reported third-quarter 2024 results, with revenue up 10% year-over-year to $3.7 billion and Adjusted EBITDA up 7% to $2.0 billion. Net income fell to $1.4 billion from $4.4 billion, mainly because the prior-year quarter included a $2.8 billion one-time tax benefit. The company said it expects Q4 2024 revenue of $2.39 billion to $2.44 billion and a full-year 2024 Adjusted EBITDA Margin of approximately 35.5%.
Q3 2024 revenue was $3.7 billion, up 10% year-over-year; Nights and Experiences Booked rose 8% to 122.8 million.
Q3 net income was $1.4 billion, down from $4.4 billion in Q3 2023, which included a $2.8 billion one-time tax benefit.
Q4 2024 revenue is expected to be $2.39 billion to $2.44 billion, representing growth of 8% to 10%.
The company repurchased $1.1 billion of Class A common stock in Q3 2024 and had $4.2 billion remaining under its authorization as of September 30, 2024.
DXP Enterprises reported third-quarter 2024 results in a press release dated November 4, 2024, furnished under Item 2.02 of this 8-K. Sales rose 12.8% year over year to $472.9 million and GAAP diluted EPS was $1.27, up from $0.93, while Adjusted EBITDA reached $52.4 million. Free cash flow fell to $24.4 million from $38.3 million a year earlier, and interest expense rose to $15.7 million from $12.7 million.
Sales of $472.9 million, up 12.8% from $419.2 million in Q3 2023 and up 6.1% from $445.6 million in Q2 2024
GAAP diluted EPS of $1.27 vs $0.93 in Q3 2023; Adjusted EBITDA of $52.4 million vs $44.0 million
Free cash flow of $24.4 million vs $38.3 million in Q3 2023; interest expense of $15.7 million vs $12.7 million
Total debt of $544.5 million as of September 30, 2024; company raised an incremental $105 million after repricing existing debt
International Bancshares reported net income of $294.1 million, or $4.72 per diluted share, for the nine months ended September 30, 2024, down from $305.4 million, or $4.91 per diluted share, a year earlier. Third-quarter net income fell to $99.8 million, or $1.60 per diluted share, from $103.3 million, or $1.66, in the same period of 2023. The company cited higher rates paid on deposits and increased non-interest expenses, including inflation-driven costs and higher salary and compensation costs, as factors weighing on results.
Nine-month net income was $294.1 million, down 3.7% from $305.4 million; diluted EPS was $4.72, down 3.9% from $4.91.
Three-month net income was $99.8 million, down 3.4% from $103.3 million; diluted EPS was $1.60 versus $1.66.
Total assets were $15.9 billion at September 30, 2024, compared with $15.1 billion at December 31, 2023.
Net interest income was pressured by higher interest expense, primarily from increased rates paid on deposits.
XPEL reported third-quarter 2024 revenue of $112.9 million, up 9.9% from a year earlier, and net income of $14.9 million, or $0.54 per share, up 9.1%. For the first nine months, net income fell to $36.6 million, or $1.32 per share, from $40.8 million, or $1.48 per share, and the company estimated fourth-quarter revenue at $105 million to $107 million. The results are preliminary and unaudited until the Form 10-Q, expected on or before November 8, 2024.
Q3 2024 revenue $112.9 million, up 9.9%; gross margin 42.5% versus 40.4%
Q3 2024 net income $14.9 million, or $0.54 per share, versus $13.7 million, or $0.49 per share
Nine-month net income $36.6 million, or $1.32 per share, versus $40.8 million, or $1.48 per share in 2023
Q4 2024 revenue estimated at $105 million to $107 million, assuming US growth of about 10%
Medical Properties Trust reported a third quarter 2024 net loss attributable to common stockholders of $801 million, or $1.34 per share, versus net income of $117 million, or $0.19 per share, a year earlier. The loss reflects about $608 million of impairment charges, largely tied to Steward hospitals, while normalized funds from operations (NFFO) fell to $94 million, or $0.16 per share, from $226 million, or $0.38 per share.
Q3 2024 net loss of $801 million ($1.34 per share) vs. net income of $117 million ($0.19 per share) in Q3 2023
NFFO of $94 million ($0.16 per share) vs. $226 million ($0.38 per share) a year earlier
$425 million impairment of Steward working capital loans and $134 million reduction in the fair value of the PHP Holdings investment
Sold 18 freestanding emergency department facilities and one general acute hospital in Arizona and Colorado for about $246 million
ScanSource reported fiscal first-quarter 2025 results for the quarter ended September 30, 2024, with net sales down 11.5% to $775.6 million and GAAP diluted EPS up 13.1% to $0.69. GAAP operating income fell 26.8% to $17.6 million, and the company reaffirmed its fiscal 2025 annual outlook without change. For shareholders, per-share profit rose on lower sales, while the sales decline and operating income drop show a weaker underlying operating trend.
Net sales were $775.6 million, down 11.5% year over year; non-GAAP net sales, excluding currency and acquisitions, fell 10.7%.
GAAP diluted EPS was $0.69 versus $0.61; non-GAAP diluted EPS was $0.84 versus $0.74.
GAAP operating income was $17.6 million versus $24.1 million, including $5.1 million in restructuring and other charges.
Fiscal 2025 outlook was reaffirmed: net sales $3.1 billion to $3.5 billion, adjusted EBITDA $140 million to $160 million, and free cash flow of at least $70 million.
Ralph Lauren reported fiscal second-quarter 2025 results with revenue up 6% to $1.7 billion and reported diluted EPS of $2.31, up from $2.19. The company raised its full-year fiscal 2025 revenue and operating margin expansion outlook, citing brand momentum, which is a positive signal for shareholders.
Second-quarter revenue rose 6% to $1.7 billion on a reported basis, with Asia up 9%, Europe up 7% and North America up 3%.
Reported diluted EPS was $2.31 versus $2.19 a year earlier; adjusted diluted EPS was $2.54, up 21%.
Full-year fiscal 2025 constant currency revenue growth is now expected at about 3% to 4%, and operating margin expansion at about 110 to 130 basis points.
The company repurchased about $100 million of Class A stock in the quarter and ended with $1.7 billion in cash and short-term investments.
ACI Worldwide reported third-quarter 2024 revenue of $452 million, up 24% from a year earlier, and net income of $81 million, up 115%. The company raised its full-year 2024 revenue and adjusted EBITDA guidance, which is the main factor for shareholders.
Q3 2024 net income was $81 million, up from $38 million in Q3 2023; adjusted EBITDA was $167 million, up 61%.
Full-year 2024 revenue guidance is now $1.567 billion to $1.601 billion, up from $1.557 billion to $1.591 billion.
Full-year 2024 adjusted EBITDA guidance is now $433 million to $448 million, up from $423 million to $438 million.
Year-to-date 2024 share repurchases totaled $128 million, with $372 million remaining on the authorization at quarter end.
Vericel reported third-quarter 2024 total revenue of $57.9 million, up 27%, and a net loss of $0.9 million, or $0.02 per diluted share, compared with a $3.7 million loss a year earlier. The company raised its full-year profitability guidance to a 72% gross margin and 22% adjusted EBITDA margin, while keeping its full-year revenue guidance of $238 to $242 million, so shareholders see stronger margins but the company still reported a net loss.
Q3 total revenue of $57.9 million, up from $45.6 million; MACI revenue $44.7 million and Burn Care revenue $13.2 million
Q3 gross margin of 72%, up from 67%; operating expenses rose to $44.1 million from $35.7 million
Q3 net loss of $0.9 million, or $0.02 per diluted share, versus $3.7 million, or $0.08 per share, in Q3 2023
Full-year profitability guidance raised to 72% gross margin and 22% adjusted EBITDA margin, from 71% and 21%; revenue guidance maintained at $238 to $242 million
Under Armour reported second-quarter fiscal 2025 results for the quarter ended September 30, 2024, with revenue down 11% to $1.4 billion and GAAP net income of $170 million, compared with $105 million a year earlier. The company raised its fiscal 2025 profit outlook, narrowing the expected operating loss to $176 million to $196 million from $220 million to $240 million, while also increasing marketing investment by about $25 million.
Net revenues fell 10.7% to $1,399 million; North America revenue decreased 12.9% to $863 million.
Diluted EPS was $0.39 on a GAAP basis and $0.30 adjusted, versus $0.23 GAAP a year earlier.
Fiscal 2025 operating loss outlook is $176 million to $196 million, versus the prior $220 million to $240 million.
Cash and cash equivalents totaled $531 million at quarter end, with no borrowings under the $1.1 billion revolving credit facility.
Installed Building Products reported third-quarter 2024 net revenue of $760.6 million, up 7.7% from a year earlier, and net income of $68.6 million, up 0.9%. Diluted earnings per share rose 1.7% to $2.44, and the board declared a $0.35 quarterly dividend. Margins narrowed, which the company attributed to a shift toward production builders and higher insurance expense.
Net revenue of $760.6 million, up 7.7% from $706.5 million; same branch revenue up 5.2%
Net income of $68.6 million, or $2.44 per diluted share, versus $68.0 million, or $2.40, a year earlier
Quarterly cash dividend of $0.35 per share, payable December 31, 2024, to holders of record on December 15, 2024
In October 2024, the company acquired Insulation Supplies, with annual revenue of over $22 million
MACOM reported fiscal fourth-quarter 2024 revenue of $200.7 million, up 33.5% from a year earlier, and GAAP net income of $29.4 million, or $0.39 per diluted share, up from $0.34. For the full fiscal year, revenue rose 12.5% to $729.6 million, but GAAP net income fell to $76.9 million, or $1.04 per diluted share, from $91.6 million, or $1.28, a year earlier. The company guided fiscal first-quarter revenue to $212 million to $218 million and adjusted earnings per diluted share to $0.75 to $0.81.
Q4 fiscal 2024 revenue was $200.7 million, up 33.5% year over year and 5.4% from the prior quarter
Q4 GAAP diluted EPS was $0.39 vs. $0.34 a year earlier; adjusted diluted EPS was $0.73 vs. $0.56
Fiscal 2024 GAAP income from operations was $73.7 million vs. $107.4 million; adjusted income from operations was $175.0 million vs. $189.6 million
Fiscal Q1 2025 (ending January 3, 2025) outlook: revenue of $212 million to $218 million; adjusted EPS of $0.75 to $0.81
Datadog reported third quarter 2024 results on November 7, 2024, with revenue of $690 million, up 26% from a year earlier, and GAAP net income of $51.7 million. The company also issued fourth quarter and full year 2024 revenue guidance of $709 million to $713 million and $2.656 billion to $2.660 billion, respectively, giving shareholders a current view of expected sales.
Q3 2024 revenue was $690 million, up 26% year over year; GAAP diluted EPS was $0.14 versus $0.06 a year earlier.
Non-GAAP diluted EPS was $0.46 versus $0.36 a year earlier; GAAP operating income was $20 million.
Operating cash flow was $229 million and free cash flow was $204 million for the quarter.
Q4 2024 revenue guidance is $709 million to $713 million; full year 2024 revenue guidance is $2.656 billion to $2.660 billion.
Halliburton reported third-quarter 2024 net income of $571 million, or $0.65 per diluted share, down from $709 million, or $0.80, in the second quarter. Revenue fell to $5.7 billion from $5.8 billion, and results included a $116 million pre-tax charge tied to severance, an asset impairment, a cybersecurity incident and other items. Management said full-year expectations for free cash flow and cash return to shareholders are unchanged and expects both to accelerate in the fourth quarter.
Revenue was $5.7 billion, compared with $5.8 billion in the second quarter of 2024.
Operating income was $871 million, versus $1.0 billion in the second quarter; adjusted operating income was $987 million.
Adjusted net income was $641 million, or $0.73 per diluted share, excluding the $116 million pre-tax charge and tax adjustments.
Management cited a $0.02 per share impact to adjusted earnings from lost or delayed revenue due to the August cybersecurity event and Gulf of Mexico storms.
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