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).
HP reported fiscal 2024 results for the year ended October 31, 2024, with net revenue of $53.6 billion, down 0.3%, and GAAP diluted EPS of $2.81, down from $3.26 a year earlier but above its previously provided outlook. Fourth-quarter net revenue rose 1.7% to $14.1 billion, and the board raised the quarterly dividend 5% to $0.2894 per share. HP's fiscal 2025 non-GAAP diluted EPS outlook is $3.45 to $3.75, compared with $3.38 in fiscal 2024.
Fiscal 2024 net revenue was $53.6 billion, down 0.3%; GAAP diluted EPS was $2.81 versus $3.26 in fiscal 2023
Fourth-quarter net revenue was $14.1 billion, up 1.7%; non-GAAP diluted EPS was $0.93 versus $0.90
Quarterly dividend increased 5% to $0.2894 per share, payable January 2, 2025 to holders of record as of December 11, 2024
Fiscal 2025 outlook: non-GAAP diluted EPS of $3.45 to $3.75 and free cash flow of $3.2 billion to $3.6 billion
For the quarter ended October 31, 2024, J.M. Smucker reported net sales of $2.3 billion, up 17% mainly due to the Hostess Brands acquisition, and adjusted earnings per share of $2.76, up 7%. The company posted a GAAP net loss of $0.23 per diluted share, versus earnings of $1.90 a year earlier, after a $260.8 million pre-tax loss on the Voortman business held for sale. The company raised its full-year fiscal 2025 adjusted earnings per share guidance to $9.70 to $10.10 from $9.60 to $10.00.
Net sales were $2.3 billion, up $332.6 million or 17%; excluding the acquisition, divestitures, and currency, net sales rose 2%.
GAAP net loss of $0.23 per diluted share, compared with $1.90 a year earlier, including a $260.8 million pre-tax loss on the Voortman business.
Adjusted earnings per share were $2.76, up 7%; free cash flow was $317.2 million versus $28.2 million a year earlier.
Fiscal 2025 adjusted earnings per share guidance raised to $9.70 to $10.10 from $9.60 to $10.00; net sales growth guidance unchanged at 8.5% to 9.5%.
Central Garden & Pet reported fiscal 2024 net sales of $3.2 billion, down 3% from $3.3 billion, with GAAP diluted EPS of $1.62 versus $1.88 a year earlier and non-GAAP diluted EPS of $2.13 versus $2.07. The company expects fiscal 2025 non-GAAP EPS of $2.20 or better, while fourth-quarter results included a net loss of $34 million.
Fiscal 2024 net sales were $3.2 billion, down 3%; organic net sales fell 4%.
Fourth-quarter net sales were $669 million, down 11%, and the company posted a GAAP net loss of $34 million, or $0.51 per diluted share.
Fiscal 2025 non-GAAP EPS is expected to be $2.20 or better, according to the company's outlook.
Cash and cash equivalents were $754 million at September 28, 2024, compared with $489 million a year earlier.
Bath & Body Works reported third-quarter 2024 net sales of $1,610 million, up 3.0%, but diluted earnings per share fell to $0.49 from $0.52 a year earlier. The company raised its full-year 2024 earnings and net sales guidance, while its fourth-quarter outlook calls for net sales to decline 4.5% to 6.5% and earnings per share of $1.94 to $2.07 versus $2.55 a year earlier.
Q3 2024 net sales were $1,610 million, up 3.0% from $1,562 million; net income was $106 million versus $119 million
Q3 diluted EPS was $0.49 versus $0.52; adjusted EPS was $0.49 versus $0.48 after excluding a 2023 debt-extinguishment gain
Full-year 2024 GAAP EPS guidance raised to $3.46 to $3.59, including $400 million of planned share repurchases
Fourth-quarter 2024 net sales expected to decline 6.5% to 4.5%, with EPS of $1.94 to $2.07 versus $2.55 in Q4 2023
Intuit reported fiscal first-quarter 2025 results for the period ended October 31, 2024, with revenue up 10% to $3.3 billion while GAAP diluted earnings per share fell 18% to $0.70. Non-GAAP diluted EPS rose 1% to $2.50. The company reiterated its full fiscal 2025 guidance and approved a quarterly dividend of $1.04 per share, up 16% from a year earlier.
Revenue of $3.3 billion, up 10%; Global Business Solutions Group revenue of $2.5 billion, up 9%; Credit Karma revenue of $524 million, up 29%.
GAAP operating income fell 12% to $271 million, including a $9 million restructuring charge and a $42 million net loss on a private company investment.
Full fiscal 2025 guidance reiterated; second-quarter guidance calls for revenue of $3.812 billion to $3.845 billion and non-GAAP diluted EPS of $2.55 to $2.61.
Quarterly dividend of $1.04 per share payable January 17, 2025, to holders of record as of January 9, 2025.
Ross Stores reported third-quarter earnings per share of $1.48 for the 13 weeks ended November 2, 2024, up from $1.33, on sales of $5.1 billion, up from $4.9 billion, with comparable store sales up 1%. The company said sales were below plan, but it now expects fiscal 2024 earnings per share of $6.10 to $6.17, compared with $5.56 last year, and fourth-quarter earnings per share of $1.57 to $1.64, compared with $1.82 for the prior-year fourth quarter.
Q3 diluted EPS $1.48 vs. $1.33 a year earlier; net earnings $489 million vs. $447 million
Q3 sales $5.1 billion vs. $4.9 billion; operating margin 11.9% vs. 11.2%
Fourth-quarter EPS guidance $1.57 to $1.64 vs. $1.82 last year, including about $0.03 unfavorable packaway timing impact
Fiscal 2024 EPS now expected at $6.10 to $6.17 vs. $5.56 last year; $1.05 billion buyback planned for fiscal 2024
Williams-Sonoma reported third-quarter 2024 results for the quarter ended October 27, 2024. Net revenues fell to $1.80 billion from $1.85 billion and comparable brand revenue declined 2.9%, but diluted EPS rose 7.1% to $1.96 on an operating margin of 17.8%, and the company raised its full-year 2024 outlook. The board also approved a new $1 billion stock repurchase authorization, and the raised margin guidance includes a $49 million out-of-period freight expense adjustment.
Net revenues were $1.80 billion versus $1.85 billion a year earlier; comparable brand revenue fell 2.9%.
Diluted EPS was $1.96 versus $1.83; operating margin was 17.8% versus 17.0%.
Full-year 2024 net revenue decline is now expected at -3.0% to -1.5%, and operating margin at 18.4% to 18.8%, including a $49 million out-of-period adjustment.
A new $1 billion stock repurchase authorization was approved in September 2024; total authorization is $1.3 billion, including $293 million remaining under the March 2024 program.
La-Z-Boy reported fiscal second-quarter 2025 results for the period ended October 26, 2024. Sales rose 2% to $521 million and GAAP diluted EPS rose to $0.71 from $0.63, but non-GAAP diluted EPS fell to $0.71 from $0.74 and non-GAAP operating margin declined to 7.5% from 7.9%. The board also raised the quarterly dividend 10% to $0.22 per share and guided third-quarter sales to $505 million to $525 million.
Sales of $521 million, up 2% from $511 million a year earlier; Retail segment delivered sales rose 3% to $222 million
GAAP diluted EPS $0.71 vs. $0.63; non-GAAP diluted EPS $0.71 vs. $0.74 (down 4%)
Quarterly dividend raised 10% to $0.22 per share, payable December 16, 2024, to holders of record on December 5, 2024
Third-quarter outlook: sales of $505 million to $525 million (up 1% to 5%) and non-GAAP operating margin of 6% to 7%
Keysight reported fourth-quarter fiscal 2024 revenue of $1.29 billion, down from $1.31 billion a year earlier, and a GAAP net loss of $73 million, or $0.42 per share, driven by a $315 million tax expense tied to a new Singapore tax incentive. Non-GAAP earnings per share fell to $1.65 from $1.99, and the company guided first-quarter fiscal 2025 revenue to $1.265 billion to $1.285 billion, which matters to shareholders because the charge reduced GAAP results while revenue and adjusted earnings declined.
Q4 revenue was $1.29 billion versus $1.31 billion a year earlier; GAAP net loss was $73 million, or $0.42 per share, compared with net income of $226 million, or $1.28 per share.
Non-GAAP net income was $288 million, or $1.65 per share, compared with $352 million, or $1.99 per share, in the fourth quarter of 2023.
Fiscal 2024 revenue was $4.98 billion versus $5.46 billion; GAAP net income was $0.61 billion, or $3.51 per share.
First-quarter fiscal 2025 outlook: revenue of $1.265 billion to $1.285 billion and non-GAAP earnings per share of $1.65 to $1.71.
Energizer reported fiscal 2024 net sales of $2,887.0 million, down 2.5% from $2,959.7 million, while adjusted diluted EPS rose to $3.32 from $3.09. Reported net earnings fell to $38.1 million from $140.5 million, mainly due to a $110.6 million non-cash impairment of intangible assets. The company guided fiscal 2025 adjusted EBITDA to $625 million to $645 million and adjusted EPS to $3.45 to $3.65, and its board approved a new buyback of up to 7.5 million shares.
Fiscal 2024 net sales were $2,887.0 million, down 2.5%; organic sales declined 2.2%
Fiscal 2024 reported diluted EPS was $0.52 versus $1.94; adjusted diluted EPS was $3.32 versus $3.09
Fiscal 2025 outlook: adjusted EBITDA of $625 million to $645 million and adjusted EPS of $3.45 to $3.65
Board approved a new share repurchase program of up to 7.5 million shares on November 18, 2024, replacing the prior authorization
Helmerich & Payne reported fiscal fourth-quarter 2024 net income of $75 million, or $0.76 per diluted share, on operating revenues of $694 million, down from $89 million, or $0.88 per share, on $698 million in the prior quarter. For fiscal 2024, net income was $344 million, or $3.43 per diluted share, compared with $434 million in fiscal 2023, and the company gave fiscal 2025 capital expenditure expectations of $290 million to $325 million, excluding the pending KCA Deutag acquisition.
Q4 fiscal 2024 net income was $75 million, or $0.76 per diluted share, versus $89 million, or $0.88 per share, in the prior quarter ended June 30, 2024
Q4 operating revenues were $694 million, compared with $698 million in the prior quarter
Fiscal 2024 net income was $344 million, or $3.43 per diluted share, versus $434 million in fiscal 2023
Fiscal 2025 capital expenditures are expected to range from $290 million to $325 million; quarterly dividend of $0.25 per share is payable December 2, 2024
J&J Snack Foods reported fiscal fourth-quarter sales down 3.9% to $426.8 million and diluted EPS down 3.2% to $1.52, compared with the prior-year quarter, which included an extra week. For the full fiscal year ended September 28, 2024, sales rose 1.0% to $1.57 billion and diluted EPS rose 9.1% to $4.45, but the company said softer consumer spending and lower quarterly gross margin weighed on the fourth quarter.
Q4 net sales $426.8 million, down 3.9% as reported and up 3.9% on a normalized basis; Q4 gross margin 31.8%, down 110 basis points
Full-year net earnings $86.6 million, up 9.7%; full-year diluted EPS $4.45, up 9.1%; adjusted EPS $4.93, up 9.6%
Q4 operating income $39.8 million, down 4.5%; Q4 net earnings $29.6 million, down 2.6%
Management will discuss results and business outlook on a conference call on November 14, 2024, at 10:00 a.m. Eastern Time
Digi International reported fiscal fourth-quarter revenue of $105 million, down 6% from a year earlier, and full-year fiscal 2024 revenue of $424 million, down 5%. GAAP net income rose in the quarter to $12 million but fell for the full year to $23 million, while adjusted EPS was flat at $0.52 for the quarter and $1.99 for the year. The company guided fiscal 2025 revenue and adjusted EBITDA to be flat year over year, with ARR projected to grow about 10%.
Q4 revenue $105 million, down 6%; Q4 diluted EPS $0.32 vs. $0.17; full-year diluted EPS $0.61 vs. $0.67
Q4 gross profit margin 61.1%, up 400 basis points; ARR at quarter end $116 million, up 9%
Fiscal 2025 outlook: revenue and adjusted EBITDA flat; ARR projected to grow approximately 10%
First quarter fiscal 2025 guidance: revenue $102 million to $106 million; adjusted EPS $0.46 to $0.50
Liquidia reported third quarter 2024 revenue of $4.4 million, up from $3.7 million a year earlier, while its net loss widened to $23.2 million, or $0.30 per share, from $15.8 million, or $0.24 per share. Operating expenses rose sharply, with general and administrative expenses up 91% to $20.2 million, though a $7.2 million gain on debt extinguishment reduced the net loss. Cash and cash equivalents were $204.4 million as of September 30, 2024, and the company said its recent capital raises strengthened the balance sheet.
Revenue was $4.4 million for the quarter ended September 30, 2024, compared with $3.7 million a year earlier, mainly from the Sandoz promotion agreement.
Net loss was $23.2 million, or $0.30 per share, compared with a net loss of $15.8 million, or $0.24 per share, a year earlier.
General and administrative expenses rose 91% to $20.2 million, and research and development expenses rose 60% to $11.9 million.
Cash and cash equivalents totaled $204.4 million at September 30, 2024, up from $83.6 million at December 31, 2023.
RadNet reported third quarter 2024 revenue of $461.1 million, up 14.7%, and Adjusted EBITDA of $73.7 million, up 27.2%, with Adjusted diluted EPS of $0.18 versus $0.13. GAAP net income attributable to common stockholders fell to $3.2 million ($0.04 per diluted share) from $17.5 million ($0.25), and the company raised its Imaging Center revenue and Adjusted EBITDA guidance for 2024.
Q3 2024 Total Company Revenue was $461.1 million, up from $402.0 million; Adjusted EBITDA was $73.7 million, up from $57.9 million.
GAAP net income attributable to RadNet common stockholders was $3.2 million, or $0.04 per diluted share, versus $17.5 million, or $0.25, in Q3 2023; the company cited an $8.1 million non-cash loss from interest rate swaps among one-time ite
Adjusted diluted EPS was $0.18 versus $0.13 a year earlier.
Imaging Center 2024 guidance now projects Total Net Revenue of $1,710 - $1,760 million (up from $1,685 - $1,735 million) and Adjusted EBITDA of $262 - $270 million (up from $257 - $267 million).
Rocket Lab reported third-quarter 2024 results on November 12, 2024. Revenue rose 55% year over year to $104.8 million, but the net loss widened to $51.9 million from $40.6 million, and the adjusted EBITDA loss grew to $30.9 million from $15.5 million. The company guided fourth-quarter revenue to $125 million to $135 million, which it describes as a record quarter.
Q3 2024 revenue was $104.8 million, up from $67.7 million in Q3 2023.
Net loss was $51.9 million, or $0.10 per share, compared with $40.6 million, or $0.08 per share, a year earlier.
Q4 2024 guidance calls for revenue of $125 million to $135 million and GAAP gross margins of 26% to 28%.
CEO Sir Peter Beck cited a backlog of $1.05 billion.
BioLife Solutions reported unaudited third-quarter 2024 revenue of $30.6 million, up 30% from a year earlier, and a GAAP net loss from continuing operations of $1.7 million, down from $15.8 million. The company also completed the $73.0 million cash sale of its SciSafe biostorage subsidiary on November 12, 2024, and cut its full-year 2024 total revenue guidance to $98.0 million to $100.0 million from $99.0 million to $101.0 million, citing the divestiture.
Q3 2024 total revenue was $30.6 million, up from $23.6 million in Q3 2023 and up 8% sequentially.
Q3 2024 GAAP net loss from continuing operations was $1.7 million, or $0.04 per share, versus $15.8 million, or $0.36 per share, a year earlier.
Adjusted EBITDA was $6.1 million, or 20% of revenue, compared with $1.4 million, or 6%, in Q3 2023.
Cell Processing 2024 revenue guidance was raised to $72.0 million to $73.0 million, while Biostorage Services guidance was lowered to $26.0 million to $27.0 million.
ICU Medical reported third quarter 2024 revenue of $589.1 million, up from $553.3 million a year earlier, but swung to a GAAP net loss of $33.0 million from net income of $7.2 million. The company also widened its full-year 2024 GAAP net loss outlook, while narrowing its adjusted EBITDA range, so shareholders face a mixed picture on reported results and updated guidance.
Q3 2024 revenue was $589.1 million, up from $553.3 million in Q3 2023.
GAAP net loss was $33.0 million, or $1.35 per diluted share, versus net income of $7.2 million, or $0.30 per share, a year earlier.
Adjusted diluted EPS was $1.59 versus $1.57, and adjusted EBITDA was $94.8 million versus $89.8 million.
FY2024 GAAP net loss outlook moved to $122 million to $130 million from $108 million to $118 million; adjusted EBITDA outlook is now $355 million to $365 million.
ZoomInfo reported third quarter 2024 results with GAAP revenue of $303.6 million, down 3% from a year earlier, and GAAP operating income of $43.5 million, down 31%. It raised its full-year 2024 adjusted net income per share guidance to $0.92-$0.93, from $0.86-$0.88 previously, while narrowing its full-year revenue guidance to $1.201-$1.204 billion.
Q3 2024 GAAP revenue was $303.6 million, down 3% year over year; GAAP diluted EPS was $0.07 versus $0.08 a year earlier.
Adjusted net income per share rose to $0.28 from $0.26, and adjusted operating income was $111.7 million, down 11%.
Full-year 2024 adjusted EPS guidance was raised to $0.92-$0.93; GAAP revenue guidance is $1.201-$1.204 billion, versus $1.190-$1.205 billion previously.
The company repurchased 24,478,696 shares for $242.1 million in the quarter, and has repurchased about 17% of outstanding shares since a buyback began in March 2023.
Perdoceo reported third-quarter 2024 revenue of $169.8 million, down 5.6% from the prior year quarter, and diluted EPS of $0.57 versus $0.62. The company raised its full-year 2024 outlook, with adjusted EPS now expected at $2.25 to $2.28, while revenue and reported EPS declined in the quarter.
Q3 2024 revenue $169.8 million, down 5.6%; year-to-date revenue $504.8 million, down 10.2%
Q3 diluted EPS $0.57 vs. $0.62; adjusted diluted EPS $0.59 vs. $0.64
Q3 operating income up 4.0% to $44.8 million; enrollments up 11.0% to 40,400
Full-year 2024 adjusted EPS outlook $2.25 to $2.28 vs. $2.10 in 2023; quarterly dividend of $0.13 per share payable December 13, 2024
Repligen reported third-quarter 2024 revenue of $155 million, up 10% from a year earlier, and narrowed its full-year 2024 revenue guidance to $630 million-$639 million while keeping the midpoint unchanged. GAAP results swung to a small loss, which the company attributed in part to $17.4 million of incremental stock compensation tied to the CEO's transition to Executive Chair, and the filing references a prior restatement of financial statements.
Q3 2024 revenue $155 million vs. $141 million in Q3 2023, up 10%
GAAP net loss of $0.7 million, or $0.01 per diluted share, vs. net income of $17 million, or $0.30 per share
Adjusted (non-GAAP) diluted EPS $0.43 vs. $0.23; includes $17.4 million of CEO transition stock compensation excluded from adjusted results
Schrödinger reported third-quarter 2024 total revenue of $35.3 million, down from $42.6 million a year earlier, while software revenue rose 10%. The net loss narrowed to $38.1 million from $62.0 million, mainly due to changes in the fair value of equity investments, and the company raised the low end of its 2024 software revenue growth guidance. The company also said Novartis will pay $150 million upfront under a new collaboration.
Total revenue fell 17% to $35.3 million; software revenue rose 10% to $31.9 million, while drug discovery revenue fell to $3.4 million from $13.7 million.
Software gross margin decreased to 73% from 76%; operating expenses rose to $86.2 million from $79.8 million.
2024 software revenue growth guidance is now 8% to 13%; drug discovery revenue guidance is $20 million to $30 million.
Novartis will pay Schrödinger $150 million upfront under a multi-target collaboration announced November 12, 2024.
Roivant reported results for the quarter ended September 30, 2024, with a net loss attributable to the company of $230.2 million, or $0.31 per share, compared with $304.3 million, or $0.40 per share, a year earlier. Net revenue rose to $4.5 million from $3.6 million, but general and administrative expenses rose to $202.9 million, including $79.1 million of one-time cash retention awards, and the non-GAAP loss from continuing operations widened to $218.7 million from $154.8 million.
Net loss attributable to Roivant was $230.2 million ($0.31 per share) vs. $304.3 million ($0.40 per share) a year earlier.
Revenue, net was $4.5 million vs. $3.6 million; R&D expenses were $143.1 million vs. $114.8 million.
G&A expenses were $202.9 million vs. $88.6 million, including $79.1 million of one-time cash retention awards approved in July 2024.
Cash, cash equivalents and marketable securities were approximately $5.4 billion at September 30, 2024, after $106 million of share repurchases in the quarter.
Mosaic reported third-quarter 2024 net income of $122 million, or $0.38 per diluted share, compared with a net loss of $4 million a year earlier, but revenue fell 21% to $2.8 billion on lower selling prices and adjusted EBITDA dropped to $448 million from $594 million. The company also said CFO Clint Freeland will retire, with Luciano Siani Pires succeeding him as chief financial officer on January 1, 2025.
Q3 2024 net income $122 million ($0.38 per diluted share) vs. net loss of $4 million in Q3 2023; adjusted EPS $0.34 vs. $0.68 a year earlier
Revenue $2.8 billion, down 21% from the year-ago period; adjusted EBITDA $448 million vs. $594 million
Clint Freeland to retire; Luciano Siani Pires joins as CFO designate November 18, 2024 and becomes CFO January 1, 2025
Year-to-date capital return of $415 million, including $210 million of share repurchases
Assured Guaranty reported third quarter 2024 GAAP net income of $171 million, or $3.17 per diluted share, up from $157 million, or $2.60, a year earlier. Adjusted operating income, the measure management uses for its core results, fell to $130 million, or $2.42 per share, from $206 million, or $3.42, partly because the 2023 period included a $241 million pre-tax gain from the Sound Point and AHP transactions.
GAAP net income was $171 million, or $3.17 per diluted share, for Q3 2024, versus $157 million, or $2.60, for Q3 2023; the company cited a $54 million foreign exchange gain among pre-tax adjustments.
Adjusted operating income was $130 million, or $2.42 per share, versus $206 million, or $3.42, in Q3 2023.
Q3 2024 capital returned to shareholders totaled $147 million, including $131 million of share repurchases and $16 million of dividends.
On November 8, 2024, the board authorized an additional $250 million of share repurchases; about $385 million remained authorized as of that date.
HEI reported a third-quarter 2024 net loss of $104.4 million, or $0.91 per share, compared with net income of $41.1 million, or $0.37 per share, a year earlier. The loss includes a $203.0 million accrual for estimated Maui wildfire liabilities and a $35.2 million asset impairment at Pacific Current, while revenue rose to $938.4 million from $901.9 million. HEI also said signed settlement agreements in the Maui wildfire tort litigation resolved the going concern matter disclosed in the prior quarter.
Net loss of $104.4 million, or $0.91 per share, versus net income of $41.1 million, or $0.37 per share, in 3Q23
Total revenues of $938.4 million, up from $901.9 million in 3Q23
Core net income of $52.2 million, or $0.46 per share, versus $61.5 million, or $0.56 per share, in 3Q23
Settlement agreements finalized November 4, 2024; HEI expects to pay a total $1.92 billion in four annual installments of about $478.8 million
RB Global reported third-quarter 2024 results, with total revenue down 4% year-over-year to $981.8 million and GAAP net income up 20% to $76.0 million. Diluted adjusted EPS fell 1% to $0.71, and the company raised the low end of its full-year 2024 Adjusted EBITDA outlook to $1,235 million to $1,270 million, while also declaring a $0.29 quarterly dividend.
Total revenue fell 4% to $981.8 million, and gross transaction value (GTV) fell 7% to $3.6 billion for the quarter.
Net income rose 20% to $76.0 million, and diluted EPS rose 20% to $0.36; diluted adjusted EPS fell 1% to $0.71.
Full-year 2024 Adjusted EBITDA outlook is now $1,235 million to $1,270 million, up from $1,220 million to $1,270 million.
Board member Jeffrey Smith retired effective November 6, 2024, and the board reduced authorized directors from eleven to ten.
ADS reported fiscal second-quarter 2025 results for the period ended September 30, 2024. Net sales were flat at $782.6 million, while net income fell 4.3% to $131.2 million and diluted earnings per share fell 2.3% to $1.67. The company also updated its fiscal 2025 targets and declared a $0.16 per share dividend, up from $0.14 in the prior-year quarter.
Q2 net sales of $782.6 million, up 0.3% from $780.2 million; diluted EPS of $1.67 versus $1.71
Adjusted EBITDA of $245.6 million, with a 31.4% margin versus 31.6% a year earlier
Fiscal 2025 net sales now expected at $2.900 billion to $2.975 billion; Adjusted EBITDA $880 million to $920 million
$0.16 per share cash dividend payable December 16, 2024, to holders of record on December 2, 2024
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.
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
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.
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.
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)
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.
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.
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
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
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
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%
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.
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.
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
Diebold Nixdorf reported third-quarter 2024 revenue of $927.1 million, down 1.7% from a year earlier, and a GAAP net loss of $21.7 million. Adjusted EBITDA rose 7.7% to $117.5 million, and the company said it expects to finish 2024 at the high end of its unchanged adjusted EBITDA guidance of $435 million to $450 million.
Q3 2024 revenue of $927.1 million, down 1.7% year over year
GAAP net loss of $21.7 million; GAAP operating profit of $46.4 million, down 21.1%
Adjusted EBITDA of $117.5 million, up 7.7% year over year
Full-year 2024 adjusted EBITDA guidance of $435 million to $450 million unchanged; company expects the high end of the range
Bentley Systems reported third-quarter 2024 revenue of $335.2 million, up 9.3% year over year, while GAAP diluted earnings per share fell to $0.13 from $0.16. The CFO said 2024 total revenue is expected at the lower end of the annual outlook range, though the company expects an increased cash flow outlook for the year.
Q3 2024 total revenues were $335.2 million, up 9.3% (9.1% in constant currency) from a year earlier.
Q3 GAAP diluted EPS was $0.13 versus $0.16; adjusted EPS was $0.24 versus $0.22.
CFO Werner Andre said 2024 total revenue growth is expected at the lower end of the annual outlook range, citing declines in Cohesive professional services for Maximo.
On October 18, 2024, the company entered into a five-year $1.3 billion revolving credit facility with a $500 million accordion feature.
PENN Entertainment reported third-quarter 2024 revenue of $1,639.2 million, up from $1,619.4 million a year earlier, and a net loss of $37.5 million, versus a $725.1 million loss in the prior-year quarter that included a $923.2 million loss on the Barstool disposal. Adjusted EBITDAR fell to $348.4 million from $445.1 million, and adjusted EPS was a loss of $0.25 compared with earnings of $1.21, so the headline profit measures weakened on a year-over-year basis. The filing gives no new guidance.
Total revenues of $1,639.2 million, up from $1,619.4 million for the three months ended September 30, 2023
Net loss of $37.5 million, or $(0.24) per diluted share, compared with a net loss of $725.1 million, or $(4.80) per share, a year earlier
Adjusted EBITDAR of $348.4 million, down from $445.1 million; Interactive segment adjusted EBITDA loss of $90.9 million
Total liquidity of $1.8 billion as of September 30, 2024, including $834.0 million in cash and cash equivalents
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