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).
Avista Corp. reported third-quarter 2024 net income of $18.5 million, or $0.23 per diluted share, up from $14.7 million, or $0.19, a year earlier, and year-to-date EPS of $1.44 versus $1.14. The company lowered its 2024 consolidated earnings guidance by $0.10 to a range of $2.26 to $2.46 per diluted share, citing lower-than-expected valuations at its other businesses, which shareholders should weigh against the stronger utility results.
Q3 2024 net income $18.5 million ($0.23 per diluted share) vs. $14.7 million ($0.19) in Q3 2023
Year-to-date 2024 net income $112.8 million ($1.44 per diluted share) vs. $87.0 million ($1.14) in 2023
2024 consolidated EPS guidance lowered to $2.26 to $2.46; Avista Utilities expected near the low end of its $2.23 to $2.39 range
Other businesses now expected to post a net loss in 2024 due to lower private equity valuations
Noble Corporation plc reported third quarter 2024 results on November 5, 2024. Revenue rose from $697 million a year earlier, helped by the Diamond acquisition closed on September 4, but net income fell to $61 million from $158 million and diluted EPS fell to $0.40 from $1.09. The company also authorized an additional $400 million share repurchase and set fourth quarter 2024 revenue guidance of $850 million to $890 million.
Q3 2024 total revenue was $801 million, up from $697 million in Q3 2023 and $693 million in Q2 2024.
Q3 2024 net income was $61 million and diluted EPS was $0.40, versus $158 million and $1.09 a year earlier; adjusted diluted EPS was $0.58 versus $0.87.
On October 22, 2024, the Board authorized up to an additional $400 million in share repurchases; $250 million was repurchased in Q3.
Q4 2024 guidance: total revenue $850 million to $890 million; Adjusted EBITDA $275 million to $305 million; a $0.50 dividend was declared, payable December 19, 2024.
ADM said on November 4, 2024 that its fiscal 2023 Form 10-K and first- and second-quarter 2024 Form 10-Qs can no longer be relied upon because of errors in segment reporting, and it will amend and restate them. The company found additional misclassified intersegment sales during testing of new controls in the third quarter of 2024, on top of earlier corrections, and it has a material weakness in internal controls over intersegment sales. ADM expects the restatements to have no material impact on its earnings, balance sheet, cash flow or shareholders' equity, but the filing shows the company's segment reporting and internal controls failed to meet required standards.
Restatements cover fiscal years 2021, 2022 and 2023 in the FY2023 10-K and each quarterly and year-to-date period in the Q1 and Q2 2024 10-Qs
Newly identified errors affect Ag Services and Oilseeds, Carbohydrate Solutions and Nutrition segments
ADM expects no material impact on its consolidated statements of earnings, balance sheets, cash flows or shareholders' equity
Management and the Audit Committee Chair discussed the matters with the auditor, Ernst & Young LLP
Assurant reported third quarter 2024 GAAP net income of $133.8 million, down 30% from a year earlier, as reportable catastrophes cut results, mainly in Global Housing. Excluding those catastrophes, adjusted earnings per share rose 9% to $5.08, and the company raised its 2024 outlook, which matters to shareholders because it signals stronger expected underlying earnings growth and planned share repurchases.
GAAP net income was $133.8 million, down 30% from $190.1 million; diluted EPS was $2.55 versus $3.54.
Reportable catastrophes totaled $138.2 million pre-tax in Q3 2024, compared with $26.4 million a year earlier.
Adjusted EBITDA excluding catastrophes rose 8% to $385.1 million; 2024 outlook now calls for low double-digit growth in that measure and mid- to high-teens growth in adjusted EPS excluding catastrophes.
The company expects to return $300 million through share repurchases in 2024, with $475 million remaining under its current authorization.
Bristow Group reported third quarter 2024 operating revenues of $356.4 million, up from $352.5 million in the prior quarter, while diluted earnings per share were $0.95 compared with $0.96. The company raised its 2024 Adjusted EBITDA guidance to $220-$230 million from $210-$230 million and left its 2025 and 2026 targets unchanged, but Adjusted EBITDA excluding asset dispositions and foreign exchange fell to $60.2 million from $71.3 million.
Operating revenues were $356.4 million in Q3 2024, up $3.9 million from Q2 2024.
Net income was $28.2 million, or $0.95 per diluted share, versus $0.96 in Q2 2024.
Adjusted EBITDA excluding asset dispositions and foreign exchange was $60.2 million, down from $71.3 million; Q3 included $10.9 million of foreign exchange gains.
2024 Adjusted EBITDA guidance was raised to $220-$230 million; management will hold a conference call on November 6, 2024.
Gulfport Energy reported a third-quarter 2024 net loss of $14.0 million, compared with net income of $608.4 million a year earlier, and revenue of $253.9 million, down from $266.7 million. The company expanded its common stock repurchase authorization by 54% to $1.0 billion and lowered its full-year 2024 drilling and completion capital guidance, which matters to shareholders because it changes how cash flow is allocated.
Net loss of $14.0 million in the quarter, versus net income of $608.4 million in the third quarter of 2023, which included a $554.7 million deferred tax benefit.
Total revenues of $253.9 million, down from $266.7 million; diluted loss of $0.83 per share, versus diluted earnings of $27.37 per share a year earlier.
Adjusted EBITDA of $178.1 million and adjusted free cash flow of $72.6 million, which the company said were above analyst consensus expectations.
Repurchase authorization raised 54% to $1.0 billion through December 31, 2025, with about $481.3 million of remaining capacity; 2024 drilling and completion capital guidance cut to $325 million to $335 million.
Qualys reported third-quarter 2024 revenue of $153.9 million, up 8% from a year earlier, and GAAP diluted EPS of $1.24, flat from the same quarter in 2023. The company raised its full-year 2024 revenue, GAAP EPS and non-GAAP EPS guidance, but operating cash flow for the quarter fell 34% to $61.0 million.
Q3 2024 revenue was $153.9 million, up 8% from $142.0 million; non-GAAP diluted EPS was $1.56 versus $1.51.
Full-year 2024 revenue guidance was raised to $602.9 million-$605.9 million from $597.5 million-$601.5 million.
Full-year 2024 GAAP EPS guidance was raised to $4.31-$4.41 from $3.85-$4.01; non-GAAP EPS guidance was raised to $5.81-$5.91 from $5.46-$5.62.
Q3 2024 operating cash flow was $61.0 million, down 34% from $92.4 million a year earlier.
F5 disclosed that Chief Financial Officer Frank Pelzer will retire at the end of the day the company files its 2024 Form 10-K, expected on or about November 18, 2024. If he signs a consulting agreement, he will advise his successor from about December 1, 2024 through May 31, 2025, under a transition agreement dated October 31, 2024.
Pelzer's retirement as CFO is expected on or about November 18, 2024, the 10-K filing date.
Consulting term runs from about December 1, 2024 through May 31, 2025, at $46,833.33 per month, if the consulting agreement is signed.
Lump sum payment of $315,125 (before deductions) and acceleration of vesting for 6,740 restricted stock units are offered as inducement.
Grocery Outlet reported third quarter fiscal 2024 net sales up 10.4% to $1.11 billion, while net income fell 10.9% to $24.2 million, or $0.24 per diluted share. The company lowered its fiscal 2024 adjusted diluted EPS guidance to $0.77 to $0.80 from $0.89 to $0.95 and adjusted EBITDA guidance to $237 million to $242 million from $252 million to $260 million, and it approved a new $100.0 million share repurchase program.
Q3 net sales rose 10.4% to $1.11 billion; comparable store sales rose 1.2%.
Q3 net income fell 10.9% to $24.2 million, or $0.24 per diluted share; adjusted EBITDA rose 6.0% to $72.3 million.
Fiscal 2024 adjusted diluted EPS guidance cut to $0.77 to $0.80 from $0.89 to $0.95.
New $100.0 million share repurchase program, effective immediately with no expiration date, replaces the 2021 program with $9.4 million remaining.
HEI and Hawaiian Electric entered two settlement agreements, effective November 1, 2024, to resolve tort claims from the 2023 Maui windstorm and wildfires, without admission of liability. The Companies are obligated to contribute a total of $1.99 billion, payable in four annual installments, but payments depend on conditions including insurer claims, state legislation and court approval.
Total contribution of $1.99 billion, including $75 million previously contributed for the One 'Ohana Initiative
Four equal annual installments of $478.75 million, with the first expected no earlier than the fourth quarter of 2025
Settlement excludes securities and derivative actions and does not resolve insurer subrogation claims; $500 million reserved for defendants to address non-participating plaintiffs
Both agreements remain subject to court approval and other conditions, and defendants may terminate under certain circumstances
Essential Utilities reported third-quarter 2024 net income of $69.4 million, or $0.25 per share, down from $0.30 a year earlier, while revenue rose about 6% to $435.3 million. Year-to-date EPS of $1.50 rose about 9% from $1.37, helped by a first-quarter gain on an energy plant sale, and the company reinstated multi-year guidance of 5% to 7% compounded annual EPS growth through 2027, with 2025 EPS guidance of $2.07 to $2.11 that excludes the pending DELCORA acquisition.
Q3 2024 net income was $69.4 million, or $0.25 per share, versus $80.1 million, or $0.30, in Q3 2023; revenue rose to $435.3 million from $411.3 million.
Nine-month net income was $410.6 million, or $1.50 per share, versus $1.37 a year earlier, including a first-quarter gain on the energy plant sale.
2025 net income per diluted share guidance is $2.07 to $2.11, with 5% to 7% compounded annual EPS growth through 2027.
The 2024 EPS guidance of $1.96 to $2.00 was reaffirmed, and $500 million in three-year notes were issued in Q3.
LGI Homes reported third-quarter 2024 home sales revenue up 5.6% to $651.9 million and net income up 3.8% to $69.6 million, and updated its full-year 2024 guidance. The company now expects 6,100 to 6,400 home closings and raised its gross margin guidance range by 50 basis points at both ends, to 24.0% to 25.0%. For shareholders, the quarter improved, but nine-month home sales revenue fell 6.0% and nine-month net income fell 1.3%.
Q3 net income rose 3.8% to $69.6 million, or $2.95 diluted EPS; Q3 gross margin fell 60 basis points to 25.1%.
Q3 home closings rose 0.3% to 1,757 and average sales price per home closed rose 5.2% to $371,004.
Nine-month home sales revenue fell 6.0% to $1.6 billion and nine-month net income fell 1.3% to $145.2 million.
Full-year 2024 guidance: 6,100 to 6,400 home closings and gross margin of 24.0% to 25.0%, with the range raised 50 basis points at both ends.
Casey's General Stores closed its acquisition of Fikes Wholesale, owner of CEFCO Convenience Stores, on November 1, 2024, adding 148 stores in Texas and 50 in Alabama, Florida, and Mississippi, for about 2,900 stores in total. The company funded the deal with an $850 million incremental term loan maturing October 30, 2029, and said it expects its fuel margin for the quarter ended October 31, 2024 to be about 40 cents per gallon. The filing gives no prior-period comparison for the fuel margin or other results.
Fikes Wholesale acquisition closed November 1, 2024; the CEO called it the largest in Casey's history.
Incremental term loan of $850 million under an amended credit agreement with Wells Fargo as administrative agent, maturing October 30, 2029.
Second-quarter fuel margin expected to be approximately 40 cents per gallon.
Amendment excludes certain lease obligations from the priority debt limit.
Broadridge reported first-quarter fiscal 2025 results ended September 30, 2024, with total revenues down 1% to $1,423 million and diluted EPS down 11% to $0.68, while recurring revenues rose 3% to $900 million. The company raised its fiscal 2025 recurring revenue growth guidance to 6-8% constant currency from 5-7%, and reaffirmed 8-12% adjusted EPS growth, citing the recently closed SIS acquisition.
Total revenues decreased 1% to $1,423 million; operating income fell 9% to $134 million
Diluted EPS was $0.68 versus $0.76; adjusted EPS was $1.00 versus $1.09, down 8%
Fiscal 2025 recurring revenue growth guidance raised to 6-8% constant currency from 5-7%; adjusted EPS growth guidance of 8-12% unchanged
Acquisition of Kyndryl's SIS business completed November 1, 2024, for approximately $185 million
Cummins reported third-quarter 2024 revenue of $8.5 billion, flat year over year, and net income attributable to Cummins of $809 million, up from $656 million a year earlier. The company now expects full-year 2024 EBITDA of about 15.5% of sales, at the top of its prior 15.0% to 15.5% range, while keeping its full-year revenue guidance of down 3% to flat. The company also raised its quarterly dividend from $1.68 to $1.82 per share.
Q3 2024 diluted EPS was $5.86, compared with $4.59 in Q3 2023; net income attributable to Cummins was $809 million versus $656 million.
Q3 2024 EBITDA was 16.4% of sales, compared with 14.6% a year earlier.
Full-year 2024 EBITDA guidance is about 15.5%, versus the prior range of 15.0% to 15.5%; revenue guidance of down 3% to flat was maintained.
Quarterly common stock dividend increased from $1.68 to $1.82 per share.
AdaptHealth reported third-quarter 2024 net revenue of $805.9 million, up 0.2%, and net income attributable to the company of $22.9 million, compared with a net loss of $454.1 million a year earlier. The company lowered its 2024 net revenue and adjusted EBITDA guidance while raising its free cash flow guidance, so results and outlook point in different directions for shareholders.
Net revenue was $805.9 million versus $804.0 million, and adjusted EBITDA was $164.3 million versus $161.2 million, up 1.9%.
Net income attributable to AdaptHealth was $22.9 million, compared with a net loss of $454.1 million in the prior-year quarter, which included a $511.9 million goodwill impairment.
2024 net revenue guidance was lowered to $3.220 billion to $3.260 billion from $3.255 billion to $3.315 billion.
2024 adjusted EBITDA guidance was lowered to $655 million to $675 million from $660 million to $700 million; free cash flow guidance was raised to $175 million to $195 million from $160 million to $180 million.
Payoneer reported third quarter 2024 revenue of $248.3 million, up 19% from a year earlier, and net income of $41.6 million, up from $12.8 million. The company raised its full-year 2024 guidance to revenue of $950 million to $960 million and adjusted EBITDA of $255 million to $265 million.
Q3 2024 adjusted EBITDA was $69.3 million, up 19% from $58.2 million a year earlier.
Net income included a $19.5 million tax benefit and a $14.7 million loss on warrant repurchase and redemption.
Volume was $20.4 billion, up 25% year-over-year, with B2B volume up 57%.
Share repurchases totaled $21 million at a weighted average price of $5.67, and all 25 million public warrants were repurchased for $21 million.
Enpro reported third-quarter 2024 results on November 5, 2024, with net sales up 4.1% to $260.9 million and GAAP diluted EPS of $0.94, compared with $0.39 a year earlier. The company lowered its full-year 2024 guidance for adjusted EBITDA, adjusted diluted EPS and revenue, citing a more protracted recovery in semiconductor capital equipment spending. For shareholders, the quarter's profit gains are offset by a weaker outlook for the full year.
Q3 2024 net sales of $260.9 million, up 4.1%; GAAP diluted EPS of $0.94 versus $0.39
Adjusted diluted EPS of $1.74, up 10.1%; adjusted EBITDA of $64.1 million, up 11.1%
2024 adjusted EBITDA guidance cut to $250 million to $255 million from $260 million to $270 million
2024 adjusted diluted EPS guidance cut to $6.75 to $7.00 from $7.00 to $7.60; revenue now expected down low-single-digits versus prior approximately flat
UL Solutions reported third-quarter 2024 revenue of $731 million, up 8.1% from a year earlier, and net income of $94 million, or $0.44 per diluted share, versus $57 million and $0.27 a year earlier. The company raised its full-year 2024 outlook to mid-to-high single digit constant currency organic revenue growth, which signals management's expectations for the rest of the year.
Revenue of $731 million, up 8.1%, including 9.3% organic growth
Net income of $94 million ($0.44 per diluted share) versus $57 million ($0.27) a year earlier
Adjusted EBITDA of $183 million, up 12.3%, with margin of 25.0%
Full-year 2024 organic revenue growth outlook increased to mid-to-high single digit range
Regal Rexnord reported third-quarter 2024 results on November 4, 2024. Net sales fell 10.4% to $1,477.4 million, while adjusted diluted EPS rose 18.6% to $2.49, and the company lowered its 2024 EPS guidance on weaker factory automation and general commercial demand. For shareholders, the profit improvement is offset by a weaker sales trend and a reduced full-year earnings outlook.
Q3 net sales were $1,477.4 million, down 10.4% from $1,649.8 million a year earlier, and down 2.7% on an organic basis.
Q3 adjusted diluted EPS was $2.49, up from $2.10; GAAP diluted EPS was $1.09, compared with a loss of $2.10 in the prior-year quarter.
2024 adjusted diluted EPS guidance was lowered to $9.15 to $9.45 from $9.40 to $9.80; GAAP diluted EPS guidance was lowered to $3.27 to $3.57 from $3.70 to $4.10.
Q3 orders rose 2.5% versus the prior year, and the company now expects modestly positive organic growth in the fourth quarter.
Marathon Petroleum reported third-quarter 2024 net income attributable to MPC of $622 million, or $1.87 per diluted share, down from $3.3 billion, or $8.28 per share, a year earlier. The decline was driven primarily by lower market crack spreads in its Refining & Marketing segment, though the board raised the quarterly dividend and approved an additional $5 billion share repurchase authorization.
Adjusted EBITDA was $2.5 billion in Q3 2024, versus $5.7 billion in Q3 2023.
Refining & Marketing margin was $14.35 per barrel, versus $26.16 per barrel a year earlier.
Quarterly dividend increased to $0.91 per share, payable December 10, 2024, to holders of record on November 20, 2024.
Company has $8.5 billion available under its share repurchase authorizations after the new $5 billion approval.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Briefs marked “Written later” were written in November 2026 for filings that were by then more than three weeks old, so months before mid-October 2026 hold a selection: every material 8-K of the past year for the 100 largest companies we cover and the last 15 important 8-Ks of every other one. Briefs the number check holds back are not shown or counted. Also: the last 45 days, briefs by company, A–Z and the live SEC filings wire.