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).
EPAM reported third-quarter 2024 revenue of $1.168 billion, up 1.3% year over year, and GAAP diluted EPS of $2.37, up 43.6%. The company raised its full-year GAAP and non-GAAP diluted EPS ranges, but it said the quarter included a $52.0 million benefit from Polish R&D incentives, and organic constant currency revenue fell 0.3%.
Q3 revenue $1.168 billion, up 1.3% year over year; organic constant currency revenue down 0.3%
GAAP diluted EPS $2.37, up from $1.65; non-GAAP diluted EPS $3.12, up 14.3% from $2.73
Q3 included a $52.0 million Poland R&D incentive benefit, of which $22.9 million related to 2023 activities
Full-year GAAP diluted EPS now $7.78 to $7.86; Q4 revenue expected $1.205 billion to $1.215 billion
LifeStance Health Group reported third-quarter 2024 revenue of $312.7 million, up 19% from a year earlier, and a net loss of $6.0 million, down from $61.6 million. The company raised its full-year 2024 revenue, Center Margin and Adjusted EBITDA expectations, which gives shareholders a higher outlook than before the report.
Q3 2024 revenue was $312.7 million, up 19%; Adjusted EBITDA was $30.7 million, up 110%
Net loss narrowed to $6.0 million from $61.6 million in Q3 2023
Full-year 2024 revenue guidance raised to $1.228 billion to $1.248 billion; Adjusted EBITDA guidance raised to $105 million to $115 million
Company continues to expect positive Free Cash Flow for full-year 2024
Carlyle reported unaudited third-quarter 2024 results, with U.S. GAAP net income attributable to common stockholders of $596 million, compared with $81 million a year earlier. Fee Related Earnings rose 36% to $278 million, and the board declared a $0.35 quarterly dividend, payable November 25, 2024, to holders of record on November 18, 2024.
Net income attributable to common stockholders was $596 million, or $1.63 per diluted share, for Q3 2024, versus $81 million, or $0.22 per diluted share, in Q3 2023
Total revenues were $2.64 billion in Q3 2024, compared with $717 million in Q3 2023
Distributable Earnings were $367 million, or $0.95 per common share, and Fee Related Earnings were $278 million, up 36% from $205 million
Quarterly dividend of $0.35 per common share; $0.9 billion of repurchase capacity remained as of September 30, 2024
Chord Energy reported third-quarter 2024 net income of $225.3 million, up from $209.1 million a year earlier, on total revenues of $1.45 billion. The company raised its full-year 2024 oil volume guidance, lowered its capital guidance by $10 million, and authorized a new $750 million share repurchase program, which matters to shareholders because it signals more cash returned to them, though diluted EPS of $3.59 was below $4.77 a year earlier.
Net income was $225.3 million ($3.59 diluted per share), versus $209.1 million ($4.77 diluted per share) in third quarter 2023.
Total revenues were $1.45 billion, up from $1.12 billion a year earlier; adjusted EBITDA was $674.5 million.
FY24 pro forma oil volume midpoint raised 0.6 MBopd to 152.7 MBopd; FY24 capital guidance cut $10 million to $1.48 billion.
Company repurchased $146.0 million of stock in the quarter and declared a $1.44 per share dividend, payable December 12, 2024.
Enact Holdings reported third quarter 2024 GAAP net income of $181 million, or $1.15 per diluted share, up from $164 million, or $1.02 per share, a year earlier but slightly below the second quarter's $184 million. Adjusted operating income was $182 million, or $1.16 per share, down from $201 million in the second quarter, and the company expects full-year capital return at the higher end of its $300 million to $350 million range.
Net income $181 million ($1.15 diluted EPS) vs. $184 million ($1.16) in Q2 2024 and $164 million ($1.02) in Q3 2023
Adjusted operating income $182 million ($1.16 per diluted share) vs. $201 million ($1.27) in Q2 2024
Record primary insurance in-force of $268 billion, up 2% from Q3 2023; new insurance written about $14 billion, down 6% year over year
Quarterly dividend of $0.185 per share payable December 5, 2024; full-year capital return expected at the higher end of $300 million to $350 million
Genworth reported third-quarter 2024 net income available to common stockholders of $85 million, or $0.19 per diluted share, up from $29 million a year earlier and $76 million in the prior quarter. Adjusted operating income was $48 million, or $0.11 per diluted share, down from $125 million in the second quarter but up from $42 million a year earlier, with the Enact mortgage insurance segment the main contributor.
Q3 2024 net income $85 million ($0.19 diluted EPS), vs. $76 million ($0.17) in Q2 2024 and $29 million ($0.06) in Q3 2023
Adjusted operating income $48 million ($0.11 per diluted share), vs. $125 million in Q2 2024 and $42 million in Q3 2023
Total revenues $1.88 billion, vs. $1.83 billion in Q2 2024 and $1.77 billion in Q3 2023
Enact adjusted operating income $148 million; Genworth repurchased $36 million of stock in the quarter and $503 million program-to-date through October
Phibro Animal Health reported fiscal first-quarter results for the period ended September 30, 2024, with net sales up 13% to $260.4 million and net income of $7.0 million, compared with a net loss of $8.0 million a year earlier. The company also updated its fiscal 2025 guidance, which excludes the pending Zoetis Medicated Feed Additive acquisition, and shareholders re-elected two directors and ratified PricewaterhouseCoopers as auditor at the November 5 annual meeting.
Net income of $7.0 million, or $0.17 per diluted share, versus a net loss of $8.0 million in the year-earlier quarter
Adjusted EBITDA of $30.7 million, up 64% from $18.7 million
Fiscal 2025 guidance: net sales of $1.05 billion to $1.10 billion and adjusted EBITDA of $124 million to $132 million, excluding the Zoetis portfolio
At the November 5, 2024 annual meeting, Mary Lou Malanoski and Carol A Wrenn were elected as Class II directors and PwC was ratified for fiscal 2025
STERIS reported fiscal 2025 second-quarter results for the period ended September 30, 2024, with revenue from continuing operations up 7% to $1.3 billion and diluted EPS from continuing operations of $1.51, up from $1.20. The company reiterated its fiscal 2025 outlook, including adjusted EPS of $9.05 to $9.25, so shareholders see higher quarterly profit with no change to guidance.
Revenue rose 7% to $1.3 billion from $1.2 billion a year earlier.
Net income was $150.2 million, or $1.51 per diluted share, versus $119.8 million, or $1.20 per diluted share.
Adjusted EPS was $2.14, up from $1.86 in the prior-year quarter.
Fiscal 2025 adjusted EPS outlook of $9.05 to $9.25 was reiterated, and free cash flow for the first half was $344.5 million.
RenaissanceRe reported third-quarter 2024 net income available to common shareholders of $1.17 billion, or $22.62 per diluted share, compared with $194.0 million, or $3.80, a year earlier. Operating income available to common shareholders was $540.3 million, or $10.23 per diluted share, versus $8.41 in the third quarter of 2023, and the company said Hurricane Milton is estimated to reduce fourth-quarter 2024 results by $275.0 million.
Net income available to common shareholders was $1.17 billion, or $22.62 per diluted share, versus $194.0 million, or $3.80, in Q3 2023.
Operating income available to common shareholders was $540.3 million, or $10.23 per diluted share, versus $8.41 in Q3 2023.
Q3 2024 large loss events had a net negative impact of $243.2 million on net income available to common shareholders.
Hurricane Milton is estimated to have a net negative impact of $275.0 million on fourth-quarter 2024 results; the company repurchased $106.8 million of common shares in Q3 and on November 6, 2024 raised its repurchase authorization to $750
Everus Construction Group reported third quarter 2024 results, with revenue of $761.0 million, up 6.1% from a year earlier, and net income of $41.8 million, or 82 cents per share. The company reiterated its 2024 guidance of $2.65 billion to $2.85 billion in revenue and $220 million to $240 million in EBITDA, and said its backlog reached $2.88 billion, up 43.5% from the start of the year. Shareholders get a clear quarter of growth in revenue and profit, while the full-year outlook was held rather than changed.
Revenue of $761.0 million, up 6.1%; net income of $41.8 million, up 16.1%; EPS of 82 cents, up 15.5%
EBITDA of $65.0 million, up 12.1%; EBITDA margin of 8.5%, up 40 basis points
Backlog of $2.88 billion at Sept. 30, 2024, up 43.5% from prior year-end
2024 guidance reiterated: revenue $2.65 billion to $2.85 billion; EBITDA $220 million to $240 million
Interparfums reported third-quarter 2024 net sales of $425 million, up 15%, with operating income up 22% to $106 million and diluted EPS of $1.93 versus $1.66 a year earlier. The company reaffirmed its 2024 guidance of $1.45 billion in net sales and $5.15 diluted EPS, and said initial 2025 guidance will come on November 12, 2024.
Q3 2024 net sales were $425 million, up 15% from $368 million; nine-month net sales were $1.09 billion, up 10%.
Q3 diluted EPS was $1.93, up from $1.66; nine-month diluted EPS was $4.34, down 2% from $4.42.
Operating cash flow for Q3 was $76.1 million, compared with $17.5 million in the prior-year quarter.
The regular quarterly dividend of $0.75 per share is payable December 31, 2024, to holders of record on December 16, 2024.
Permian Resources reported third quarter 2024 results, with net income attributable to Class A common stock of $386.4 million, up from $45.4 million a year earlier, and oil and gas sales of $1.2 billion, up from $758.5 million. The company raised its full-year 2024 production guidance midpoint for the third consecutive quarter and declared a quarterly base dividend of $0.15 per share, a 150% increase over its prior base dividend. The company also amended its credit agreement, extending the revolving maturity date to February 18, 2028.
Q3 2024 net income attributable to Class A common stock was $386.4 million, versus $45.4 million in Q3 2023; diluted EPS was $0.53, versus $0.13
Oil and gas sales were $1,215.6 million for Q3 2024, versus $758.5 million for Q3 2023
Full-year 2024 oil production midpoint raised to 158.5 MBbls/d and total production midpoint raised to 341.0 MBoe/d; no other guidance ranges changed
Quarterly base dividend of $0.15 per share payable November 22, 2024; Eighth Amendment extends the revolving maturity to February 18, 2028 with a $2.5 billion aggregate elected commitment
Coeur Mining reported third quarter 2024 revenue of $313 million, up from $222 million in the second quarter, and GAAP net income from continuing operations of $49 million, or $0.12 per share, compared with $1.4 million in the prior quarter. The company reaffirmed its full-year 2024 production and cost guidance, which supports the outlook for shareholders while the pending SilverCrest acquisition is expected to close in late first quarter 2025.
Revenue rose to $313 million from $222 million in Q2 2024; net income was $49 million ($0.12 per share) versus $1.4 million in Q2.
Adjusted EBITDA was $126 million, operating cash flow $111 million and free cash flow $69 million in the quarter.
Full-year 2024 production and cost guidance was reaffirmed; the SilverCrest acquisition is expected to close late in the first quarter of 2025.
Q2 Holdings reported third-quarter 2024 revenue of $175.0 million, up 13% year-over-year, and a GAAP net loss of $11.8 million, down from $23.2 million a year earlier. The company also issued fourth-quarter and updated full-year 2024 guidance, projecting non-GAAP revenue of $691.5 million to $694.5 million for the year.
Q3 2024 revenue of $175.0 million, up 13% year-over-year and up 1% from Q2 2024
GAAP net loss of $11.8 million, compared with $23.2 million in Q3 2023
Adjusted EBITDA of $32.6 million, up from $19.7 million in Q3 2023
Q4 2024 non-GAAP revenue guidance of $178.1 million to $181.1 million; full-year 2024 guidance of $691.5 million to $694.5 million
Primerica reported third quarter 2024 results, with total revenues of $774.1 million, up 11%, and diluted EPS from continuing operations of $5.72, up 31%. The EPS figure includes a $0.52 per share net remeasurement gain from the annual actuarial assumption review, and the company also reported a net loss from discontinued operations tied to its exit from the senior health business.
Total revenues of $774.1 million rose 11% from the third quarter of 2023; net income from continuing operations was $194.7 million, up 24%.
Diluted EPS from continuing operations was $5.72, up 31%, including a $0.52 remeasurement gain; diluted adjusted operating EPS was $5.68, up 28%.
Net income including discontinued operations was $164.4 million, or $4.83 diluted EPS, compared with $4.23 a year earlier.
The Board declared a $0.90 per share dividend payable December 12, 2024, and the company repurchased $129 million of common stock during the quarter.
Coherent reported fiscal first-quarter 2025 results for the period ended September 30, 2024, with revenue up 28% year over year to $1.35 billion and non-GAAP diluted EPS of $0.74, compared with $0.16 a year earlier. GAAP results were still a loss of $(0.04) per diluted share, and the company guided to second-quarter revenue of $1.33 billion to $1.41 billion. Management attributed the growth mainly to AI-related datacom transceivers, and shareholders now have a clearer view of near-term revenue and profit expectations.
Revenue for the quarter ended September 30, 2024 was $1.35 billion, up 28% from $1.05 billion a year earlier.
GAAP diluted loss per share was $(0.04), compared with $(0.65) a year earlier; non-GAAP diluted EPS was $0.74, compared with $0.16.
Second-quarter fiscal 2025 guidance: revenue of $1.33 billion to $1.41 billion and non-GAAP EPS of $0.61 to $0.77.
The company paid down $118 million of outstanding debt during the quarter.
HubSpot reported third-quarter 2024 results for the period ended September 30, 2024, in a press release furnished under Item 2.02. Revenue grew 20% to $669.7 million, and the company posted GAAP net income of $8.1 million, compared with a net loss of $3.6 million a year earlier. HubSpot also issued fourth-quarter and full-year 2024 guidance, with Q4 revenue expected at $672.0 million to $674.0 million.
Total revenue was $669.7 million, up 20% from Q3 2023
GAAP net income was $8.1 million, or $0.16 per diluted share, versus a net loss of $3.6 million in Q3 2023
Non-GAAP operating income was $125.2 million, compared with $92.1 million in Q3 2023
Full-year 2024 revenue guidance is $2.597 billion to $2.599 billion; non-GAAP EPS guidance is $7.98 to $8.00
FICO reported fiscal fourth-quarter 2024 results for the quarter ended September 30, 2024, with revenue up 16% to $453.8 million and GAAP diluted earnings per share of $5.44, compared with $4.01 a year earlier. The company also issued fiscal 2025 guidance of $1.98 billion in revenue and GAAP EPS of $25.05, which gives shareholders a reference point for the coming year.
Quarterly revenue was $453.8 million, up from $389.7 million; Scores revenue rose 27% to $249.2 million and Software revenue rose 5% to $204.6 million.
GAAP net income was $135.7 million, or $5.44 per diluted share, versus $101.4 million, or $4.01, a year earlier; non-GAAP EPS was $6.54 versus $5.01.
Fiscal 2025 guidance calls for revenues of $1.98 billion, GAAP EPS of $25.05 and non-GAAP EPS of $28.58.
Dutch Bros reported third-quarter 2024 revenue of $338.2 million, up 27.9% from a year earlier, and net income of $21.7 million, up from $13.4 million. The company raised its 2024 revenue and adjusted EBITDA guidance, but company-operated shop gross margin fell 190 basis points to 22.2%. The filing also amended CEO Christine Barone's severance terms and set a new pay structure for Executive Chairman Travis Boersma.
Q3 2024 total revenues were $338.2 million, up 27.9% from $264.5 million; diluted EPS was $0.11 versus $0.07.
2024 total revenue guidance was raised to $1.255 billion to $1.260 billion, from $1.215 billion to $1.230 billion.
2024 adjusted EBITDA guidance was raised to $215 million to $220 million, from $200 million to $210 million.
Effective January 1, 2025, Boersma's target annual cash bonus is 10% of base salary, with a maximum of 20%; his base salary stays at $1,500,000.
Take-Two Interactive reported fiscal second-quarter 2025 results for the period ended September 30, 2024, with net bookings up 2% and GAAP net revenue up 4% from a year earlier. The company reiterated its fiscal 2025 net bookings outlook of $5.55 billion to $5.65 billion, while its GAAP net loss narrowed, which matters to shareholders because it shows higher sales and a smaller loss than the prior year.
Net bookings were $1.47 billion, up 2% from $1.44 billion a year earlier, with recurrent consumer spending making up 81% of the total.
GAAP net revenue rose 4% to $1.35 billion, compared with $1.30 billion in the prior-year quarter.
GAAP net loss was $365.5 million, or $2.08 per share, versus $543.6 million, or $3.20 per share, a year earlier.
Fiscal 2025 net bookings guidance of $5.55 billion to $5.65 billion was reiterated; fiscal third-quarter net bookings are expected to be $1.35 billion to $1.40 billion.
TKO reported third quarter 2024 revenue of $681.2 million, up 52%, and net income of $57.7 million, up from $22.0 million a year earlier, driven mainly by WWE, which was consolidated only from September 12, 2023. The company now expects full-year 2024 revenue and Adjusted EBITDA at the upper end of its August ranges, and UFC segment revenue and Adjusted EBITDA both declined in the quarter.
Q3 2024 revenue $681.2 million, up $232.1 million; WWE revenue $326.3 million, UFC revenue $354.9 million, down 11%
Q3 2024 Adjusted EBITDA $310.0 million, up 29%; net income attributable to TKO Group Holdings was $23.1 million, or $0.29 basic EPS
Full-year 2024 revenue expected at upper end of $2.670 billion to $2.745 billion; Adjusted EBITDA at upper end of $1.220 billion to $1.240 billion
Cash and cash equivalents $457.4 million and gross debt $2.736 billion as of September 30, 2024
Veracyte reported third-quarter 2024 total revenue of $115.9 million, up 29% from a year earlier, and net income of $15.2 million, compared with a net loss of $29.6 million in the third quarter of 2023. The company raised its full-year 2024 total revenue guidance to $442 million to $445 million, from $432 million to $438 million previously.
Total revenue of $115.9 million, up 29% from $90.1 million; testing revenue of $109.5 million, up 34%
Diluted EPS of $0.19 (GAAP), compared with a loss of $0.41 per share a year earlier; non-GAAP diluted EPS of $0.33
Full-year 2024 total revenue guidance raised to $442 million to $445 million; year-end cash guidance raised to $280 million to $285 million
Third-quarter cash from operations of $30.0 million; cash and cash equivalents of $274.1 million at September 30, 2024
LegalZoom reported third-quarter 2024 results with revenue up 1% to $168.6 million and net income of $11.1 million, compared with $7.5 million a year earlier. Subscription revenue grew 5% while transaction revenue fell 7%, and the company said its share repurchase authorization was increased by $40.0 million to a total of $215.0 million after quarter end. The filing also amends the company's bylaws and confirms the November 4, 2024 effective date of a technology executive's resignation.
Q3 2024 revenue of $168.6 million, up 1% year-over-year; subscription revenue of $110.7 million, up 5%; transaction revenue of $57.9 million, down 7%
Net income of $11.1 million versus $7.5 million a year earlier; Adjusted EBITDA of $47.1 million, or 28% of revenue
Outlook: Q4 2024 revenue of $158 million to $162 million; full-year 2024 revenue of $678 million to $682 million and free cash flow of $80 million to $85 million
Board adopted amended bylaws on November 5, 2024 with universal proxy and advance notice changes; Shrisha Radhakrishna's resignation as CTO and Chief Product Officer took effect November 4, 2024
SiTime reported third-quarter 2024 revenue of $57.7 million, up 32% from the prior quarter and 62% from a year earlier. The GAAP net loss narrowed to $19.3 million, or $0.83 per diluted share, from $26.8 million, or $1.16 per share, in the second quarter, and non-GAAP net income was $9.6 million, or $0.40 per diluted share. For shareholders, the filing shows sharply higher sales and a smaller loss, though the company still reported a GAAP loss for the quarter.
Q3 2024 net revenue was $57.7 million, up 32% from $43.9 million in Q2 2024 and up 62% from a year earlier.
GAAP net loss was $19.3 million, or $0.83 per diluted share, versus a net loss of $26.8 million, or $1.16 per share, in Q2 2024.
Non-GAAP income from operations was $4.0 million, compared with a non-GAAP loss from operations of $2.8 million in Q2 2024.
Cash, cash equivalents and short-term investments were $434.8 million on September 30, 2024.
Tandem Diabetes Care reported third quarter 2024 GAAP sales of $244.0 million, up 31% from a year earlier, and raised its 2024 non-GAAP sales guidance to $903 million to $910 million. The net loss narrowed to $23.3 million from $33.0 million, which supports the company's revenue growth and improving loss trend for shareholders.
Q3 2024 GAAP sales were $244.0 million, up 31% from $185.6 million; non-GAAP sales were $242.9 million, up 25%.
GAAP net loss was $23.3 million, or $0.35 per share, compared with $33.0 million, or $0.51 per share, a year earlier.
Full-year 2024 non-GAAP sales guidance is now approximately $903 million to $910 million, with U.S. sales of $645 million to $650 million.
Non-GAAP gross margin guidance of about 51% and Adjusted EBITDA margin guidance of breakeven were reaffirmed.
Waystar reported third-quarter 2024 results for the period ended September 30, 2024, with revenue of $240.1 million, up 22% from $197.3 million a year earlier. The company swung to GAAP net income of $5.4 million from a net loss of $15.5 million in the same quarter of 2023. It also issued full-year 2024 guidance of $926 million to $934 million in revenue and $374 million to $378 million in Adjusted EBITDA, which shareholders can compare with future results.
Revenue of $240.1 million, up 22% year over year; subscription revenue $118.0 million and volume-based revenue $120.7 million
GAAP net income of $5.4 million, or $0.03 per diluted share, versus a loss of $0.13 per share a year earlier
Non-GAAP net income of $25.3 million, or $0.14 per diluted share; Adjusted EBITDA of $96.7 million, a 40% margin
Full-year 2024 guidance: revenue of $926 million to $934 million; Adjusted EBITDA of $374 million to $378 million
EVERTEC reported third-quarter 2024 revenue of $211.8 million, up 22%, and GAAP net income attributable to common shareholders of $24.7 million, up 146%. The company also said it closed its acquisition of Grandata on October 30, 2024, and its 2024 outlook for revenue and adjusted earnings per share was unchanged in the filing.
Revenue rose 22% to $211.8 million; GAAP diluted EPS rose 153% to $0.38
Adjusted EBITDA rose 11% to $87.4 million, but adjusted EBITDA margin fell about 420 basis points to 41.3%
Adjusted EPS rose 8% to $0.86; the company repurchased $12.3 million of stock, with about $138 million remaining under its program
Grandata, a Mexico-based data analytics company, was acquired on October 30, 2024
NMI Holdings reported third-quarter 2024 net income of $92.8 million, or $1.15 per diluted share, up from $84.0 million, or $1.00 per share, a year earlier. Total revenue rose to $166.1 million from $148.2 million, and primary insurance-in-force reached $207.5 billion. The company also said it entered new quota share and excess-of-loss reinsurance agreements covering new business written from January 1, 2025 through December 31, 2027.
Q3 2024 net income $92.8 million, up 11% from $84.0 million in Q3 2023 and up 1% from $92.1 million in Q2 2024
Diluted EPS $1.15, versus $1.00 a year earlier and $1.13 in Q2 2024
Adjusted net income $92.8 million, down 5% from $97.6 million in Q2 2024
New reinsurance agreements cover new business originated between January 1, 2025 and December 31, 2027
Grand Canyon Education reported third quarter 2024 service revenue of $238.3 million, up 7.4% from $221.9 million a year earlier, and diluted earnings per share of $1.42 versus $1.19. The company also issued fourth quarter and full year 2024 guidance, including full year diluted EPS of $7.76 to $7.79. Shareholders get a view of both growth in the quarter and the company's expected results for the rest of the year.
Q3 2024 service revenue $238.3 million, up 7.4%; GCU enrollments 123,002 at September 30, 2024, up 4.0%
Diluted EPS $1.42 vs $1.19; as adjusted diluted EPS $1.48 vs $1.26
Q4 2024 guidance: service revenue $289.0 million to $290.0 million; diluted EPS $2.86 to $2.89
Full year 2024 guidance: diluted EPS $7.76 to $7.79; cash, equivalents and investments $263.6 million at September 30, 2024
Duolingo reported third-quarter 2024 revenue of $192.6 million, up 40% from a year earlier, and net income of $23.4 million, compared with $2.8 million in the prior-year quarter. The company updated its full-year 2024 outlook to revenue of $741.0 million to $744.0 million, and its shareholder letter says it is raising guidance. For shareholders, the results show strong growth and higher profitability, and the updated outlook signals management's expectations for the rest of the year.
Q3 2024 total bookings were $211.5 million, up 38%; paid subscribers reached 8.6 million, up 47%.
Net income was $23.4 million versus $2.8 million a year earlier; Adjusted EBITDA margin was 24.7% versus 16.3%.
Full-year 2024 revenue guidance is $741.0 million to $744.0 million; Q4 revenue guidance is $202.5 million to $205.5 million.
MercadoLibre reported third-quarter 2024 results for the period ended September 30, 2024, in a press release attached to this 8-K. Net revenues and financial income rose 35% year over year to $5.3 billion, and net income rose 11% to $397 million, while income from operations fell to $557 million, a 10.5% margin and a 9.5 percentage point decline from a year earlier. The filing attributes the margin drop mainly to investments in the credit card business, shipping, and a non-recurring customer refund expense.
Net revenues and financial income were $5.3 billion, up 35% year over year, or 103% on an FX-neutral basis.
Income from operations was $557 million, with a 10.5% margin, down 9.5 percentage points on a reported basis.
Net income was $397 million, up 11% year over year, with a 7.5% net income margin.
Adjusted free cash flow was negative $203 million in Q3 2024; year-to-date adjusted free cash flow was more than $635 million.
PTC reported fourth-quarter fiscal 2024 revenue of $627 million, up from $547 million a year earlier, and GAAP diluted earnings per share of $1.04 versus $0.38. For fiscal 2025 it guided to revenue of $2.505 billion to $2.605 billion and GAAP EPS of $3.68 to $4.57. Its board also authorized repurchases of up to $2 billion of common stock through September 30, 2027, with about $300 million expected in fiscal 2025.
Q4 fiscal 2024 revenue $627 million, up 15% year over year; GAAP diluted EPS $1.04 versus $0.38
FY2025 guidance: revenue $2.505 billion to $2.605 billion; free cash flow $835 million to $850 million
Board authorized up to $2 billion of share repurchases for October 1, 2024 through September 30, 2027
About $300 million of stock repurchases expected in fiscal 2025, starting in Q1
MGE Energy reported third-quarter 2024 GAAP earnings of $40.9 million, or $1.13 per share, up from $37.9 million, or $1.05 per share, a year earlier, on operating revenues of $168.5 million versus $160.5 million. The company said higher electric investments in rate base and lower fuel costs drove the electric earnings gain, while gas net income was flat. For shareholders, the quarter shows higher profit, though nine-month operating revenues declined to $505.5 million from $525.8 million.
Q3 2024 GAAP net income was $40.9 million, or $1.13 per diluted share, versus $37.9 million, or $1.05, in Q3 2023.
Q3 2024 operating revenues were $168.5 million, up from $160.5 million; operating income was $48.1 million versus $43.8 million.
Electric net income rose $3.9 million, driven by electric investments in rate base and lower fuel costs; gas net income was relatively flat.
For the nine months ended September 30, 2024, EPS was $2.72 versus $2.70, while operating revenues were $505.5 million versus $525.8 million.
Jones Lang LaSalle reported third-quarter 2024 revenue of $5.9 billion, up 15% in local currency from the prior-year quarter, and net income attributable to common shareholders of $155.1 million, compared with $59.7 million. Diluted earnings per share were $3.20, versus $1.23 a year earlier, and adjusted diluted earnings per share were $3.50, versus $2.19, which points to higher profit for shareholders. Operating cash flow fell to $261.6 million from $325.7 million.
Third-quarter revenue was $5.9 billion, up 15% in local currency; Leasing rose 21% and Workplace Management rose 20%.
Diluted EPS was $3.20 versus $1.23; adjusted diluted EPS was $3.50 versus $2.19.
Net cash from operating activities was $261.6 million versus $325.7 million; Net Leverage Ratio was 1.4x at September 30, 2024.
Howmet Aerospace reported third quarter 2024 revenue of $1.84 billion, up 11% year over year, and net income of $332 million, or $0.81 per share, versus $188 million, or $0.45 per share, a year earlier. The company raised its full year 2024 guidance for Adjusted EBITDA and adjusted earnings per share, and said it expects 2025 revenue to rise approximately 7.5%.
Q3 2024 adjusted earnings per share excluding special items were $0.71, up 54% year over year
Quarterly common stock dividend raised 60% to $0.08 per share; company expects a further 25% increase to $0.10 in Q1 2025, subject to Board approval
Repurchased $100 million of common stock in Q3 2024 and another $90 million in October 2024, bringing October year-to-date repurchases to $400 million
Redeemed $577 million of 6.875% notes due May 2025 after issuing $500 million of notes due 2031
Hamilton Lane Incorporated reported results for the fiscal second quarter ended September 30, 2024, in a press release furnished as Exhibit 99.1. Total revenues rose 18% to $150.0 million, management and advisory fees rose 10% to $119.8 million, and GAAP diluted EPS was $1.37 versus $1.11 a year earlier. The company also declared a quarterly dividend of $0.49 per share, payable January 7, 2025.
Total revenues of $150.0 million, up 18% from $126.9 million; incentive fees of $30.2 million, up 71%
GAAP net income attributable to Hamilton Lane of $55.0 million, up 31%; diluted EPS of $1.37 versus $1.11
Non-GAAP EPS of $1.07, up 20%; Fee Related Earnings of $51.6 million, up 10%
Quarterly dividend of $0.49 per share; record date December 16, 2024; payable January 7, 2025
MarketAxess reported third-quarter 2024 revenue of $206.7 million, up 20% from a year earlier, and diluted earnings per share of $1.90, up 30%. The company also said Executive Chairman Rick McVey, its founder, will retire effective December 31, 2024, and Carlos Hernandez will become chairman on January 1, 2025.
Q3 2024 total revenues of $206.7 million, up 20%; net income of $71.5 million and diluted EPS of $1.90, up 30%
Rick McVey retires as executive chairman and director effective December 31, 2024; he will stay as chairman of MarketAxess Limited
Carlos Hernandez to become chairman of the Board effective January 1, 2025; Nancy Altobello stops serving as Lead Independent Director on that date
Quarterly cash dividend of $0.74 per share, payable December 4, 2024 to holders of record on November 20, 2024
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